Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Shrinking team NBB
FTE fell two years in a row, from 21.9 to 17.2.
Financials
Financial year 2025
A.G.S. BELGIUM from Liège, company number BE0761463856, closed financial year 2025 with a result of € 532,504 after tax. For that financial year A.G.S. BELGIUM recorded a gross margin of € 1.6 million and equity of € 112,910. Compared with financial year 2024, the result moved from € 524,046 to € 532,504. Profitable, and profit is growing. The buffer shrank hard: equity is 74 % below last year. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 9, 2026.
€ 112,910
▼ 74% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 532,504
▲ 2% vs 2024
Profit after tax over the fiscal year.
€ 220,678
▼ 60% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 850,000 paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
17.2
▼ 1.7 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 689,836
▼ 1% vs 2024
€ 40,100 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.
€ 9,001
▼ 7% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 309,442
▼ 22% vs 2024
€ 82,513 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 102,424
▲ 34% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 249,950
▼ 8% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 701,544 | € 951,189 | € 1,556,450 | € 1,574,304 | ▲ 1% |
| Profit after taxes | € 231,367 | € 291,545 | € 524,046 | € 532,504 | ▲ 2% |
| Equity | € 314,816 | € 606,361 | € 430,407 | € 112,910 | ▼ 74% |
| Total debts | € 880,016 | € 894,215 | € 1,702,421 | € 1,584,238 | ▼ 7% |
| Cash | € 108,773 | € 345,949 | € 558,284 | € 220,678 | ▼ 60% |
| Retained profit | € 249,816 | € 541,361 | € 365,407 | € 47,910 | ▼ 87% |
| Dividend | € 0 | € 0 | € 700,000 | € 850,000 | ▲ 21% |
| Bank debt | € 221,854 | € 303,483 | € 398,990 | € 309,442 | ▼ 22% |
| Balance sheet total | € 1,194,832 | € 1,500,576 | € 2,132,828 | € 1,697,149 | ▼ 20% |
| Employees (FTE) | - | 21.9 | 18.9 | 17.2 | ▼ 1.7 |
Key figures of A.G.S. 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 A.G.S. BELGIUM?
What happened at A.G.S. BELGIUM in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 532,504 (▲ 2% vs 2024). Source: NBB ↗
- New establishment in Fléron. KBO
- New establishment in Liège. KBO
- Start of the company according to the CBE. KBO
In short
From € 231,367 profit in 2022 to € 532,504 profit in 2025.
Paid € 472,911 in corporate taxes since 2022.
Best year ever: 2025, with € 532,504 profit.
On average € 91,500 of value added per employee in 2025.
A new publication or filing at A.G.S. BELGIUM? We notify you, reason included.
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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
Behind A.G.S. BELGIUM are ARMAN GALSTIAN and ABEL GALSTYAN. ARMAN GALSTIAN is also behind AYG MESSANCY, AYG LIBRAMONT, AYG MARCHE, AYG BASTOGNE and AYG ARLON.
Directors
According to the 2025 annual accounts
ARMAN GALSTIAN
Director
Also active at: AYG MESSANCY, AYG LIBRAMONT, AYG MARCHE, AYG BASTOGNE, AYG ARLON
ABEL GALSTYAN
Managing director
Establishments
Establishment units
Physical locations of this company
Rue de Gaillarmont 517
4030 Liège
Chaussée de Tongres 269
4000 Liège
Active since 12 January 2021
Avenue des Martyrs 296
4620 Fléron
Active since 1 October 2023
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0761.463.856
- VAT number
- BE 0761.463.856
- Registered office
- Rue de Gaillarmont 517, 4030 Liège
- Names & denominations
- A.G.S. BELGIUM
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 12 January 2021
- Peppol
- Active · Active since 18 Sept 2025
- Activities · NACE
Activiteiten van eetgelegenheden met beperkte bediening, muv mobiele eetgelegenheden
Eetgelegenheden met beperkte bediening