ACTIVE

AJAG

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Financial year 2025 · closed on 31/12/2025

Net result

-6,8 k €

-40.4% YoY

Gross margin

163 k €

+17.6% YoY

Equity

2,9 M €

-0.2% YoY

What does AJAG do?

AJAG is a Public limited company incorporated in 1991. Its registered office is in Nazareth-De Pinte.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0445.406.776

Incorporation

09/10/1991

Legal form

Public limited company

Registered office

Nieuwstraat 4
9840 Nazareth-De Pinte · FlandreSee on map

Contributed capital

1 419 980,00 €

Latest accounts

31/12/2025

Signals

Solid equityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	163 k €	+17.6%	138,6 k €	+6.2%	130,5 k €	-3.3%	134,9 k €	-0.0%	134,9 k €	+7.4%	125,6 k €	-4.1%	130,9 k €	+5.4%	124,2 k €	+9.6%	113,4 k €	-7.7%	122,8 k €	+21.8%	100,8 k €	+26.4%	79,8 k €	+25.1%	63,8 k €	+11.2%	57,3 k €	+5.1%	54,5 k €	-35.2%	84,2 k €	+11.8%	75,3 k €	-6.0%	80,1 k €	+1.1%	79,2 k €	-0.5%	79,6 k €
EBITDA	144,8 k €	+19.9%	120,7 k €	+12.1%	107,7 k €	-6.8%	115,6 k €	-1.4%	117,2 k €	+6.5%	110 k €	-8.4%	120,1 k €	+5.8%	113,6 k €	+10.3%	103 k €	-10.1%	114,5 k €	+27.1%	90,1 k €	+24.3%	72,5 k €	+28.5%	56,4 k €	+15.5%	48,9 k €	+2.5%	47,7 k €	-38.3%	77,2 k €	+13.0%	68,3 k €	-6.6%	73,1 k €	+1.1%	72,3 k €	-0.4%	72,6 k €
Operating result	10,5 k €	+537%	-2,4 k €	-151%	4,7 k €	-75.2%	19 k €	-20.2%	23,8 k €	+10.6%	21,5 k €	-37.0%	34,1 k €	-2.2%	34,9 k €	+30.6%	26,7 k €	-29.6%	37,9 k €	+190%	13,1 k €	+233%	3,9 k €	-57.0%	9,1 k €	-33.6%	13,7 k €	-10.3%	15,3 k €	-65.5%	44,3 k €	+24.5%	35,6 k €	-14.0%	41,4 k €	+15.7%	35,8 k €	+0.1%	35,8 k €
Net result	-6,8 k €	-40.4%	-4,9 k €	-466%	1,3 k €	-89.1%	12,2 k €	-21.9%	15,6 k €	+86.1%	8,4 k €	-64.2%	23,5 k €	-15.2%	27,7 k €	+23.2%	22,5 k €	-45.8%	41,5 k €	+78.0%	23,3 k €	+31.5%	17,7 k €	-18.4%	21,7 k €	-83.2%	129,4 k €	-57.1%	301,6 k €	-50.2%	605 k €	+2610%	22,3 k €	-43.6%	39,6 k €	+23.2%	32,2 k €	+6.8%	30,1 k €
Balance sheet
Equity	2,9 M €	-0.2%	2,9 M €	-0.2%	2,9 M €	+0.0%	2,9 M €	+0.4%	2,9 M €	+0.5%	2,9 M €	+1.7%	2,9 M €	+0.8%	2,8 M €	+2.5%	2,8 M €	+0.8%	2,7 M €	+1.5%	2,7 M €	+0.9%	2,7 M €	+12.7%	2,4 M €	+0.9%	2,4 M €	+5.8%	2,2 M €	+15.6%	1,9 M €	+45.7%	1,3 M €	+1.7%	1,3 M €	+3.1%	1,3 M €	+2.6%	1,2 M €
Total assets	3,8 M €	+15.2%	3,3 M €	+3.0%	3,2 M €	-0.5%	3,2 M €	-0.3%	3,2 M €	-0.1%	3,2 M €	+1.0%	3,2 M €	-0.9%	3,2 M €	+0.1%	3,2 M €	-0.3%	3,2 M €	+0.3%	3,2 M €	+5.2%	3,1 M €	+10.6%	2,8 M €	+0.4%	2,7 M €	+4.4%	2,6 M €	+16.7%	2,3 M €	+63.6%	1,4 M €	+0.4%	1,4 M €	+1.4%	1,4 M €	+0.5%	1,3 M €
Cash	19,3 k €	+7.6%	18 k €	-76.3%	75,8 k €	-28.5%	105,9 k €	+55.4%	68,1 k €	+634%	9,3 k €	+333%	2,1 k €	-51.6%	4,4 k €	-63.5%	12,1 k €	+71.6%	7,1 k €	+8.5%	6,5 k €	-2.5%	6,7 k €	-39.3%	11 k €	+145%	4,5 k €	-11.3%	5,1 k €	+34.8%	3,8 k €	-27.8%	5,2 k €	-30.5%	7,5 k €	-25.7%	10,1 k €	+128%	4,4 k €
Debts	665,5 k €	+333%	153,7 k €	+210%	49,5 k €	-15.5%	58,6 k €	-18.0%	71,4 k €	-11.8%	81 k €	+59.8%	50,7 k €	-47.5%	96,5 k €	-11.7%	109,2 k €	-16.0%	130 k €	-13.7%	150,7 k €	+33686%	446 €	-0.0%	446,2 €	-93.5%	6,9 k €	-66.2%	20,4 k €	-44.1%	36,5 k €	-30.4%	52,4 k €	-23.4%	68,4 k €	-23.7%	89,7 k €	-22.2%	115,3 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 20 ended

Active mandates

Ann-Sophie Decatelle

Director · since 04 mai 2021 · until 03 mai 2027

Active

Annie Goethals

Managing director · since 04 mai 2021 · until 03 mai 2027

Active

Johan Decatelle

Director · since 04 mai 2021 · until 03 mai 2027

Active

Thomas Decatelle

Director · since 04 mai 2021 · until 03 mai 2027

Active

Ended mandates

Ann-Sophie Decatelle

Director · since 04 mai 2015 · until 03 mai 2021

Ended

Annie Goethals

Managing director · since 04 mai 2015 · until 03 mai 2021

Ended

Johan Decatelle

Director · since 04 mai 2015 · until 03 mai 2021

Ended

Thomas Decatelle

Mandate · since 04 mai 2015 · until 03 mai 2021

Ended

At this address

Other companies at this address

Company	CBE no.
Ansotho● Active	0720.628.539

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	15/07/2026	30/07/2025	26/06/2024	13/07/2023	18/07/2022	19/07/2021
General meeting	30/06/2026	30/06/2025	27/05/2024	26/06/2023	29/06/2022	30/06/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	30/06/2026	15/07/2026	Dutch	PDF
Micro model	31/12/2024	30/06/2025	30/07/2025	Dutch	PDF
Micro model	31/12/2023	27/05/2024	26/06/2024	Dutch	PDF
Micro model	31/12/2022	26/06/2023	13/07/2023	Dutch	PDF
Micro model	31/12/2021	29/06/2022	18/07/2022	Dutch	PDF
Micro model	31/12/2020	30/06/2021	19/07/2021	Dutch	PDF
Micro model	31/12/2019	29/06/2020	15/07/2020	Dutch	PDF
Micro model	31/12/2018	28/06/2019	17/07/2019	Dutch	PDF
Micro model	31/12/2017	30/06/2018	31/07/2018	Dutch	PDF
Micro model	31/12/2016	30/06/2017	11/07/2017	Dutch	PDF
Abridged model	31/12/2015	30/06/2016	28/07/2016	Dutch	PDF
Abridged model	31/12/2014	27/06/2015	24/07/2015	Dutch	PDF
Abridged model	31/12/2013	27/06/2014	16/07/2014	Dutch	PDF
Abridged model	31/12/2012	28/06/2013	23/07/2013	Dutch	PDF
Abridged model	31/12/2011	30/06/2012	24/07/2012	Dutch	PDF
Abridged model	31/12/2010	30/06/2011	29/07/2011	Dutch	PDF
Abridged model	31/12/2009	25/05/2010	16/06/2010	Dutch	PDF
Abridged model	31/12/2008	22/06/2009	20/07/2009	Dutch	PDF
Abridged model	31/12/2007	30/06/2008	29/07/2008	Dutch	PDF
Abridged model	31/12/2006	04/06/2007	14/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 k€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 20 ended

Active mandates

Ann-Sophie Decatelle

Director · since 04 mai 2021 · until 03 mai 2027

Active

Annie Goethals

Managing director · since 04 mai 2021 · until 03 mai 2027

Active

Johan Decatelle

Director · since 04 mai 2021 · until 03 mai 2027

Active

Thomas Decatelle

Director · since 04 mai 2021 · until 03 mai 2027

Active

Ended mandates

Ann-Sophie Decatelle

Director · since 04 mai 2015 · until 03 mai 2021

Ended

Annie Goethals

Managing director · since 04 mai 2015 · until 03 mai 2021

Ended

Johan Decatelle

Director · since 04 mai 2015 · until 03 mai 2021

Ended

Thomas Decatelle

Mandate · since 04 mai 2015 · until 03 mai 2021

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Registered office19/04/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - MAATSCHAPPELIJKE ZETEL - DOEL
PDF
Mandates05/11/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates13/01/2016
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares11/03/2014
KAPITAAL - AANDELEN
PDF
Mandates21/11/2013
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares17/01/2012
KAPITAAL - AANDELEN
PDF
Mandates16/07/2010
ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING
PDF
Mandates02/10/2009
ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 2025-6,8 k €↓
2024
Annual accounts 2024-4,9 k €↓
2023
Annual accounts 20231,3 k €↓
2022
Annual accounts 202212,2 k €↓
2021
Annual accounts 202115,6 k €↑
2020
Annual accounts 20208,4 k €↓
2019
Annual accounts 201923,5 k €↓
2018
Annual accounts 201827,7 k €↑
2017
Annual accounts 201722,5 k €↓
2016
Annual accounts 201641,5 k €↑
2015
Annual accounts 201523,3 k €↑
2014
Annual accounts 201417,7 k €↓
2013
Annual accounts 201321,7 k €↓
2012
Annual accounts 2012129,4 k €↓
2011
Annual accounts 2011301,6 k €↓
2010
Annual accounts 2010605 k €↑
2009
Annual accounts 200922,3 k €↓
2008
Annual accounts 200839,6 k €↑
2007
Annual accounts 200732,2 k €↑
2006
Annual accounts 200630,1 k €
09/10/1991
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

AJAG

Overview

What does AJAG do?

Trend over 20 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline