Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 60 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
AGC Processing Belgium from Sint-Pieters-Leeuw, company number BE0401704120, closed financial year 2025 with a result of € -414,499 after tax. For that financial year AGC Processing Belgium recorded revenue of € 10.3 million and equity of € 6.2 million. Compared with financial year 2024, the result moved from € -345,997 to € -414,499. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on June 24, 2026.
€ 6.2 million
▼ 6% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -414,499
▼ 20 % more loss than in 2024
Profit after tax over the fiscal year.
€ 4,289
▲ 172% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -383,819.
People and assets in 2025
38.6
▼ 4.9 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 2.3 million
▼ 9% vs 2024
€ 59,900 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 6,180
▼ 28% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 1.2 million
▲ 91% vs 2024
Loans from banks and other lenders, long and short.
€ 556,758
▼ 36% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 25 days on average.
€ 328,725
▼ 15% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 13,385,683 | € 14,850,017 | € 11,827,628 | € 10,294,970 | ▼ 13% |
| Profit after taxes | € 759,904 | € 1,528,908 | € -345,997 | € -414,499 | ▼ € 68,501 |
| Equity | € 5,454,215 | € 6,983,123 | € 6,637,126 | € 6,222,627 | ▼ 6% |
| Total debts | € 2,636,571 | € 3,582,538 | € 1,956,226 | € 2,152,492 | ▲ 10% |
| Cash | € 3,390 | € 24,174 | € 1,575 | € 4,289 | ▲ 172% |
| Land & buildings | € 879,603 | € 860,027 | € 840,488 | € 820,961 | ▼ 2% |
| Retained profit | € -1,152,231 | € 376,676 | € 30,679 | € -383,819 | ▼ € 414,499 |
| Bank debt | € 746,045 | € 658,955 | € 635,748 | € 1,213,722 | ▲ 91% |
| Balance sheet total | € 8,141,732 | € 10,610,428 | € 8,635,251 | € 8,407,284 | ▼ 3% |
| Employees (FTE) | 41.7 | 41.1 | 43.5 | 38.6 | ▼ 4.9 |
Key figures of AGC Processing Belgium, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to AGC Processing Belgium?
What happened at AGC Processing Belgium in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 414,499. Source: NBB ↗
- Emmanuel Lievens stepped down as director. NBB
- Patrick Jean De Paepe stepped down as director. NBB
- Sam de Bie stepped down as director. NBB
- Emmanuel Lievens became a director. NBB
- Patrick Jean De Paepe became a director. NBB
- Sam de Bie became a director. NBB
- New establishment in Merelbeke-Melle. KBO
In short
From € 759,904 profit in 2022 to € 414,499 loss in 2025.
Paid € 152,676 in corporate taxes since 2022.
Best year ever: 2023, with € 1.5 million profit.
Pays suppliers within 25 days on average.
Management
The stake of AGC GLASS EUROPE comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
AGC Processing BelgiumThe shares are held by AGC GLASS EUROPE (100%). It owns 99.7% of AGC Energypane itself.
Directors
According to the 2025 annual accounts
Emmanuel Lievens
Director
since 2023 · until 2026
Patrick Jean De Paepe
Managing director
since 2023 · until 2026
Sam de Bie
Managing director
since 2023 · until 2026
Shareholders
100%
Participations
99.7%
Establishments
Establishment units
Physical locations of this company
Bergensesteenweg 470
1600 Sint-Pieters-Leeuw
Geraardsbergsesteenweg 60
9090 Merelbeke-Melle
Active since 31 March 2009
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0401.704.120
- VAT number
- BE 0401.704.120
- Registered office
- Bergensesteenweg 470, 1600 Sint-Pieters-Leeuw
- Names & denominations
- AGC Processing Belgium
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 31 May 1928
- Peppol
- Active · Active since 24 Sept 2025
- Activities · NACE
Vormen en bewerken van vlakglas
Groothandel in vlakglas
Glaszetten
Vervaardiging en bewerking van overig glas, inclusief technisch glaswerk
Schrijnwerk
Detailhandel in glas-, porselein- en aardewerk en in niet-elektrische huishoudelijke artikelen
Vervaardiging en bewerking van ander glas (inclusief technisch glaswerk)
Detailhandel in glas-, porselein- en aardewerk en in niet-elektrische huishoudelijke artikelen in gespecialiseerde winkels