ACTIVE

AG-TEC

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Financial year 2025 · closed on 31/12/2025

Net result

2 M €

+14.2% YoY

Revenue

43,6 M €

+15.3% YoY

Equity

10,1 M €

+24.7% YoY

Workforce

21,4 ETP

+9.7% YoY

What does AG-TEC do?

AG-TEC is a Public limited company incorporated in 1992. Its registered office is in Antwerpen. It employs on average 21,4 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0449.110.691

Incorporation

29/12/1992

Legal form

Public limited company

Registered office

Boomsesteenweg 174
2610 Antwerpen · FlandreSee on map

Contributed capital

1 250 000,00 €

Latest accounts

31/12/2025

Average workforce

21,4 ETP

Joint committees (3)

14904
200
201

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008
Income statement
Revenue	43,6 M €	+15.3%	37,8 M €	+1.4%	37,3 M €	+157%	14,5 M €	+30.7%	11,1 M €	+5.3%	10,6 M €	+1.7%	10,4 M €	+8.3%	9,6 M €	+16.5%	8,2 M €	-3.0%	8,5 M €	-9.1%	9,3 M €	-20.2%	11,7 M €	+32.9%	8,8 M €	+14.2%	7,7 M €	+22.3%	6,3 M €	-8.0%	6,9 M €	+6.7%	6,4 M €	-34.1%	9,7 M €
EBITDA	3,4 M €	+8.0%	3,2 M €	-4.2%	3,3 M €	+279%	867,8 k €	+60.4%	541,1 k €	-0.1%	541,8 k €	-2.4%	555,1 k €	+50.4%	369,1 k €	+14.9%	321,2 k €	+116%	149 k €	+9.4%	136,2 k €	-83.3%	813,4 k €	+210%	262,1 k €	-43.5%	463,7 k €	+139%	193,8 k €	-26.3%	263 k €	+123%	118 k €	-79.2%	568,5 k €
Operating result	3 M €	+12.7%	2,6 M €	-9.8%	2,9 M €	+277%	771,1 k €	+37.0%	562,8 k €	+4.6%	538,2 k €	+16.5%	461,9 k €	-12.8%	529,7 k €	+20.8%	438,4 k €	+206%	143,3 k €	-7.0%	154,1 k €	-74.5%	605,3 k €	+107%	292,1 k €	-24.7%	388 k €	+289%	99,7 k €	-61.8%	261,2 k €	+150%	104,6 k €	-79.8%	516,9 k €
Net result	2 M €	+14.2%	1,8 M €	-11.8%	2 M €	+349%	446,1 k €	+50.9%	295,7 k €	+5.5%	280,2 k €	+26.3%	221,8 k €	-14.5%	259,5 k €	+20.1%	216,1 k €	+270%	58,4 k €	-3.3%	60,4 k €	-81.5%	327 k €	+120%	148,5 k €	-26.2%	201,4 k €	+21498%	932,4 €	-99.3%	133 k €	+3794%	-3,6 k €	-102%	197,2 k €
Balance sheet
Equity	10,1 M €	+24.7%	8,1 M €	+27.6%	6,3 M €	+45.5%	4,3 M €	+10.8%	3,9 M €	+7.4%	3,7 M €	+8.3%	3,4 M €	+7.0%	3,2 M €	+9.0%	2,9 M €	+8.1%	2,7 M €	+2.2%	2,6 M €	+2.4%	2,6 M €	+14.7%	2,2 M €	+7.1%	2,1 M €	+112%	981 k €	+0.1%	980 k €	+15.7%	847 k €	-0.4%	850,6 k €
Total assets	16,7 M €	+50.2%	11,1 M €	+1.6%	10,9 M €	-24.9%	14,6 M €	+122%	6,6 M €	+25.6%	5,2 M €	-0.8%	5,3 M €	+3.3%	5,1 M €	+17.3%	4,3 M €	+8.8%	4 M €	+10.2%	3,6 M €	-3.8%	3,8 M €	-6.7%	4 M €	+20.6%	3,3 M €	+24.6%	2,7 M €	+15.0%	2,3 M €	-3.7%	2,4 M €	+6.6%	2,3 M €
Cash	3,5 M €	+852%	369,2 k €	+63.8%	225,4 k €	-93.3%	3,4 M €	-2.4%	3,4 M €	+22.2%	2,8 M €	+92.5%	1,5 M €	+268%	397,7 k €	-77.6%	1,8 M €	+482%	305,2 k €	+425%	58,1 k €	+167%	21,8 k €	-84.9%	143,8 k €	+295%	36,4 k €	+17.4%	31 k €	-82.1%	173,7 k €	-2.0%	177,2 k €	+56.0%	113,6 k €
Debts	6,2 M €	+133%	2,6 M €	-36.0%	4,1 M €	-58.0%	9,8 M €	+314%	2,4 M €	+82.5%	1,3 M €	-17.7%	1,6 M €	-5.8%	1,7 M €	+39.4%	1,2 M €	+8.3%	1,1 M €	+35.5%	821,8 k €	-17.5%	995,5 k €	-36.7%	1,6 M €	+39.6%	1,1 M €	-28.2%	1,6 M €	+20.7%	1,3 M €	-15.6%	1,5 M €	+12.3%	1,4 M €
Other
Workforce	21,4 ETP	+9.7%	19,5 ETP	-6.7%	20,9 ETP	+77.1%	11,8 ETP	+51.3%	7,8 ETP	+11.4%	7,0 ETP	+2.9%	6,8 ETP	+15.3%	5,9 ETP	+47.5%	4,0 ETP	+33.3%	3,0 ETP	0.0%	3,0 ETP	+25.0%	2,4 ETP	+140%	1,0 ETP	-16.7%	1,2 ETP	+20.0%	1,0 ETP	0.0%	1,0 ETP	-75.6%	4,1 ETP	+2.5%	4,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 25 M€ and 50 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 22 ended

Active mandates

Carine CELIS

Director · since 15 mai 2025 · until 18 mai 2028

Active

FINNAVAAL

Director · since 15 mai 2025 · until 18 mai 2028 · 0447.229.485

Represented by Christian Vanderhaeghe

Active

Jean-Christophe SMEETS

Managing director · since 15 mai 2025 · until 18 mai 2028

Active

Olivier DESCAMPE

Director · since 15 mai 2025 · until 18 mai 2028

Active

Ended mandates

Carine CELIS

Director · since 25 mai 2022 · until 15 mai 2025

Ended

FINNAVAAL

Director · since 25 mai 2022 · until 15 mai 2025 · 0447.229.485

Represented by Christian Vanderhaeghe

Ended

Jean-Christophe SMEETS

Managing director · since 25 mai 2022 · until 15 mai 2025

Ended

Olivier DESCAMPE

Director · since 25 mai 2022 · until 15 mai 2025

Ended

At this address

Other companies at this address

Company	CBE no.
FINNAVAAL● Active	0447.229.485
HILAIRE VAN DER HAEGHE● Active	0420.546.567
VALAAR● Active	0447.229.386

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full 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	10/06/2026	04/06/2025	27/05/2024	16/06/2023	16/06/2022	21/05/2021
General meeting	21/05/2026	15/05/2025	16/05/2024	19/05/2023	25/05/2022	29/04/2021
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
Full model	31/12/2025	21/05/2026	10/06/2026	Dutch	PDF
Full model	31/12/2024	15/05/2025	04/06/2025	Dutch	PDF
Full model	31/12/2023	16/05/2024	27/05/2024	Dutch	PDF
Full model	31/12/2022	19/05/2023	16/06/2023	Dutch	PDF
Full model	31/12/2021	25/05/2022	16/06/2022	Dutch	PDF
Full model	31/12/2020	29/04/2021	21/05/2021	Dutch	PDF
Full model	31/12/2019	30/04/2020	05/08/2020	Dutch	PDF
Full model	31/12/2018	28/03/2019	03/05/2019	Dutch	PDF
Full model	31/12/2017	29/03/2018	27/06/2018	Dutch	PDF
Full model	31/12/2016	30/03/2017	04/05/2017	Dutch	PDF
Full model	31/12/2015	31/03/2016	11/07/2016	Dutch	PDF
Full model	31/12/2014	26/03/2015	15/04/2015	Dutch	PDF
Full model	31/12/2013	27/03/2014	03/04/2014	Dutch	PDF
Full model	31/12/2012	28/03/2013	23/04/2013	Dutch	PDF
Full model	31/12/2011	14/02/2012	24/04/2012	Dutch	PDF
Full model	31/12/2010	31/03/2011	02/05/2011	Dutch	PDF
Full model	31/12/2009	25/03/2010	31/05/2010	Dutch	PDF
Full model	31/12/2008	26/03/2009	27/04/2009	Dutch	PDF
Full model	31/12/2007	27/03/2008	09/05/2008	Dutch	PDF
Full model	31/12/2006	29/03/2007	26/04/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 25 M€ and 50 M€

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 · 22 ended

Active mandates

Carine CELIS

Director · since 15 mai 2025 · until 18 mai 2028

Active

FINNAVAAL

Director · since 15 mai 2025 · until 18 mai 2028 · 0447.229.485

Represented by Christian Vanderhaeghe

Active

Jean-Christophe SMEETS

Managing director · since 15 mai 2025 · until 18 mai 2028

Active

Olivier DESCAMPE

Director · since 15 mai 2025 · until 18 mai 2028

Active

Ended mandates

Carine CELIS

Director · since 25 mai 2022 · until 15 mai 2025

Ended

FINNAVAAL

Director · since 25 mai 2022 · until 15 mai 2025 · 0447.229.485

Represented by Christian Vanderhaeghe

Ended

Jean-Christophe SMEETS

Managing director · since 25 mai 2022 · until 15 mai 2025

Ended

Olivier DESCAMPE

Director · since 25 mai 2022 · until 15 mai 2025

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates14/07/2025
ONTSLAGEN - BENOEMINGEN
PDF
Other17/04/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ALGEMENE VERGADERING
PDF
Mandates12/09/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates11/01/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates19/02/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates25/06/2018
ONTSLAGEN - BENOEMINGEN
PDF
Mandates18/04/2016
ONTSLAGEN - BENOEMINGEN
PDF
Mandates27/04/2015
ONTSLAGEN - BENOEMINGEN
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 20252 M €↑
2024
Annual accounts 20241,8 M €↓
2023
Annual accounts 20232 M €↑
2022
Annual accounts 2022446,1 k €↑
2021
Annual accounts 2021295,7 k €↑
2020
Annual accounts 2020280,2 k €↑
2019
Annual accounts 2019221,8 k €↓
2018
Annual accounts 2018259,5 k €↑
2017
Annual accounts 2017216,1 k €↑
2016
Annual accounts 201658,4 k €↓
2015
Annual accounts 201560,4 k €↓
2014
Annual accounts 2014327 k €↑
2013
Annual accounts 2013148,5 k €↓
2012
Annual accounts 2012201,4 k €↑
2011
Annual accounts 2011932,4 €↓
2010
Annual accounts 2010133 k €↑
2009
Annual accounts 2009-3,6 k €↓
2008
Annual accounts 2008197,2 k €
29/12/1992
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

AG-TEC

Overview

What does AG-TEC do?

Trend over 18 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