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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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 3 % of short-term debt in 2025; threshold 65 %.
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Shrinking team NBB
FTE fell two years in a row, from 67.7 to 28.3.
Financials
Financial year 2025
AGC MIRODAN from Kortrijk, company number BE0405334294, closed financial year 2025 with a result of € 6.7 million after tax. For that financial year AGC MIRODAN recorded revenue of € 2.5 million and equity of € -20.3 million. Compared with financial year 2024, the result moved from € -8.1 million to € 6.7 million. Profitable, and profit is growing. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on June 8, 2026.
€ -20.3 million
▲ € 6.7 million vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 6.7 million
▲ still € 8.1 million loss in 2024
Profit after tax over the fiscal year.
€ 102
▼ 88% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € -23.5 million.
People and assets in 2025
28.3
▼ 29.8 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 5.8 million
▲ 97% vs 2024
€ 204,500 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.
Debts at end 2025
€ 18 million
▼ 19% vs 2024
Loans from banks and other lenders, long and short.
€ 142,203
▼ 81% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 16 days on average.
€ 1.5 million
▲ 255% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 12,662,905 | € 8,155,868 | € 7,353,519 | € 2,499,114 | ▼ 66% |
| Profit after taxes | € -4,337,548 | € -2,836,554 | € -8,128,311 | € 6,697,133 | ▲ € 14.8 million |
| Equity | € -16,020,476 | € -18,857,030 | € -26,985,341 | € -20,288,208 | ▲ € 6.7 million |
| Total debts | € 20,149,193 | € 22,361,367 | € 23,355,102 | € 19,629,805 | ▼ 16% |
| Cash | € 1,118 | € 499 | € 814 | € 102 | ▼ 88% |
| Land & buildings | € 491,290 | € 889,781 | € 797,822 | € 49,182 | ▼ 94% |
| Retained profit | € -19,200,853 | € -22,037,407 | € -30,165,718 | € -23,468,585 | ▲ € 6.7 million |
| Bank debt | € 18,189,491 | € 20,669,411 | € 22,151,575 | € 18,013,741 | ▼ 19% |
| Balance sheet total | € 4,220,661 | € 3,629,831 | € 1,963,391 | € 617,547 | ▼ 69% |
| Employees (FTE) | 72.8 | 67.7 | 58.1 | 28.3 | ▼ 29.8 |
Key figures of AGC MIRODAN, 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 MIRODAN?
What happened at AGC MIRODAN in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- PAUL VANHOUTTE stepped down as director. NBB
- EMMANUEL LIEVENS stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 6.7 million. Source: NBB ↗
- PAUL VANHOUTTE became a director. NBB
- EMMANUEL LIEVENS became a director. NBB
- Start of the company according to the CBE. KBO
- New establishment in Kortrijk. KBO
In short
From € 4.3 million loss in 2022 to € 6.7 million profit in 2025.
Paid € 135,319 in corporate taxes since 2022.
Best year ever: 2025, with € 6.7 million profit.
Pays suppliers within 16 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 MIRODANThe shares are held by AGC GLASS EUROPE (100%).
Directors
According to the 2025 annual accounts
since 2024 · until 2028
since 2024 · until 2028
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Izegemsestraat(Heu) 375
8501 Kortrijk
Industrielaan(Heu) 1
8501 Kortrijk
Active since 1 April 1954
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0405.334.294
- VAT number
- BE 0405.334.294
- Registered office
- Izegemsestraat(Heu) 375, 8501 Kortrijk
- Names & denominations
- AGC MIRODAN
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 3 May 1954
- Peppol
- Active · Active since 24 Sept 2025
- Activities · NACE
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