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 4 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
88 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
AG Real Estate Projects from Brussel, company number BE0632680619, closed financial year 2025 with a result of € -1.1 million after tax. For that financial year AG Real Estate Projects recorded revenue of € 539,607 and equity of € 20.7 million. Compared with financial year 2024, the result moved from € -4.5 million to € -1.1 million. 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.
€ 20.7 million
▼ 5% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -1.1 million
▲ 75 % less loss than in 2024
Profit after tax over the fiscal year.
Loss, nothing to pay out
Reserves fell to € -11.8 million.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 4.3 million
▼ 72% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 1095 days on average.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 24,988,758 | € 38,509,011 | € 1,988,128 | € 539,607 | ▼ 73% |
| Profit after taxes | € -6,710,068 | € 510,211 | € -4,490,684 | € -1,116,413 | ▲ € 3.4 million |
| Equity | € 23,622,817 | € 26,273,028 | € 21,782,343 | € 20,665,930 | ▼ 5% |
| Total debts | € 31,408,077 | € 4,725,245 | € 15,665,167 | € 4,509,212 | ▼ 71% |
| Retained profit | € -6,710,068 | € -6,199,857 | € -10,690,542 | € -11,806,955 | ▼ € 1.1 million |
| Bank debt | € 22,000,000 | € 0 | € 0 | € 0 | |
| Balance sheet total | € 55,030,894 | € 30,998,273 | € 37,447,510 | € 25,175,142 | ▼ 33% |
Key figures of AG Real Estate Projects, 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 AG Real Estate Projects?
What happened at AG Real Estate Projects in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- AMAURY DE CROMBRUGGHE BV stepped down as director. NBB
- MARC VAN BEGIN BV stepped down as director. NBB
- Astrid FLAMAND stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 1.1 million. Source: NBB ↗
- Astrid FLAMAND became a director. NBB
- AMAURY DE CROMBRUGGHE BV became a director. NBB
- MARC VAN BEGIN BV became a director. NBB
- New establishment in Brussel. KBO
In short
From € 6.7 million loss in 2022 to € 1.1 million loss in 2025.
Best year ever: 2023, with € 510,211 profit.
Management
The stake of AG REAL ESTATE LAND comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
AG Real Estate ProjectsThe shares are held by AG REAL ESTATE LAND (100%).
Directors
According to the 2025 annual accounts
Director · represented by Amaury DE CROMBRUGGHE
Also active at: AG REAL ESTATE, Brussels International Trade Mart Ltd. and Co., TOLEDA INVEST, Citymo, JEAN CRAB ET SES FILS, NOUVELLES GALERIES DU BOULEVARD ANSPACH, Brussels International Cash and Carry Center, GALERIES SAINT-LAMBERT +51 more
since 2024 · until 2027
Director · represented by Marc VAN BEGIN
Also active at: LE CERTIFICAT FONCIER - HET VASTGOEDCERTIFICAAT, AG REAL ESTATE, INTERPARKING, Le Patrimoine immobilier - Het Onroerende Vermogen, Brussels International Trade Mart Ltd. and Co., Citymo, AG REAL ESTATE LAND, NOUVELLES GALERIES DU BOULEVARD ANSPACH +70 more
since 2021 · until 2027
Astrid FLAMAND
Director
since 2025 · until 2027
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Kunstlaan 58
1000 Brussel
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 88 companies are registered at this address.
All companies at this address →LE CERTIFICAT FONCIER - HET VASTGOEDCERTIFICAAT same network
€ 1.1 million gross margin · 2025
AG REAL ESTATE same network
€ 33.7 million revenue · 2025
Le Patrimoine immobilier - Het Onroerende Vermogen same network
€ -67,550 gross margin · 2025
Thilly Reinsurance Services
Citymo same network
€ 14 million revenue · 2025
+83 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0632.680.619
- VAT number
- BE 0632.680.619
- Registered office
- Kunstlaan 58, 1000 Brussel
- Names & denominations
- AG Real Estate Projects · AG REP
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 23 June 2015
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
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