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 26 % of short-term debt in 2025; threshold 65 %.
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Shrinking team NBB
FTE fell two years in a row, from 339.1 to 298.1.
Financials
Financial year 2025
AGC Fabrication Belgium from Brugge, company number BE0459344488, closed financial year 2025 with a result of € -2.2 million after tax. For that financial year AGC Fabrication Belgium recorded revenue of € 55.6 million and equity of € -5.4 million. Compared with financial year 2024, the result moved from € 457,540 to € -2.2 million. The company made a loss. 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 17, 2026.
€ -5.4 million
▼ € 2.3 million vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -2.2 million
▼ still € 457,540 profit in 2024
Profit after tax over the fiscal year.
€ 1.4 million
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -11.6 million.
People and assets in 2025
298.1
▼ 26.2 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 18.7 million
▼ 8% vs 2024
€ 62,700 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.
€ 344,885
▼ 21% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 16.6 million
▲ 63% vs 2024
Loans from banks and other lenders, long and short.
€ 4.2 million
▼ 21% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 39 days on average.
€ 3.2 million
▼ 17% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 73,987,594 | € 79,358,147 | € 64,546,148 | € 55,640,291 | ▼ 14% |
| Profit after taxes | € -788,173 | € 3,633,692 | € 457,540 | € -2,222,470 | ▼ € 2.7 million |
| Equity | € -7,131,809 | € -3,535,463 | € -3,115,270 | € -5,375,086 | ▼ € 2.3 million |
| Total debts | € 26,025,230 | € 19,998,525 | € 19,524,751 | € 24,221,615 | ▲ 24% |
| Cash | € 133,838 | € 1,360,008 | € 1,364,436 | € 1,359,888 | |
| Land & buildings | € 1,034,572 | € 1,470,258 | € 1,842,845 | € 2,383,064 | ▲ 29% |
| Retained profit | € -13,466,169 | € -9,832,478 | € -9,374,938 | € -11,597,408 | ▼ € 2.2 million |
| Bank debt | € 8,937,282 | € 8,513,647 | € 10,238,594 | € 16,648,595 | ▲ 63% |
| Balance sheet total | € 20,086,210 | € 17,641,628 | € 17,890,782 | € 20,455,074 | ▲ 14% |
| Employees (FTE) | 327.8 | 339.1 | 324.3 | 298.1 | ▼ 26.2 |
Key figures of AGC Fabrication 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 Fabrication Belgium?
What happened at AGC Fabrication Belgium in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Emmanuël Lievens stepped down as director. NBB
- Rik Gunst stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 2.2 million (▼ € 2.7 million vs 2024). Source: NBB ↗
- Kris Moors stepped down as director. NBB
- Geert Geudens stepped down as director. NBB
- Kris Moors became a director. NBB
- Emmanuël Lievens became a director. NBB
- Rik Gunst became a director. NBB
In short
From € 788,173 loss in 2022 to € 2.2 million loss in 2025.
Paid € 1.3 million in corporate taxes since 2022.
Best year ever: 2023, with € 3.6 million profit.
Pays suppliers within 39 days on average.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The stake of AGC GLASS EUROPE comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
AGC Fabrication BelgiumThe shares are held by AGC GLASS EUROPE (100%).
Directors
According to the 2025 annual accounts
Kris Moors
Managing director
since 2024 · until 2026
Emmanuël Lievens
Director
since 2024 · until 2027
Rik Gunst
Managing director
since 2024 · until 2027
Geert Geudens
Director
since 2024 · until 2026
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Lisseweegse Steenweg 14
8380 Brugge
Voortstraat 27
2400 Mol
Active since 2 December 1997
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0459.344.488
- VAT number
- BE 0459.344.488
- Registered office
- Lisseweegse Steenweg 14, 8380 Brugge
- Names & denominations
- AGC Fabrication Belgium
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 3 December 1996
- Peppol
- Active · Active since 24 Sept 2025
- Activities · NACE
Vervaardiging van vlakglas
Vormen en bewerken van vlakglas
Groothandel in bouwmaterialen, algemeen assortiment
Groothandel in verf, vernis en bouwmaterialen, inclusief sanitair