ACTIVE

AG GRONDWERKEN

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Financial year 2024 · closed on 31/12/2024

Net result

49,2 k €

-85.3% YoY

Gross margin

2,3 M €

+8.8% YoY

Equity

1,2 M €

+4.5% YoY

Workforce

34,5 ETP

+13.9% YoY

What does AG GRONDWERKEN do?

AG GRONDWERKEN is a Private limited company incorporated in 2000. Its registered office is in Lokeren. It employs on average 34,5 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0469.793.863

Incorporation

18/01/2000

Legal form

Private limited company

Registered office

Kruinstraat 8B box B
9160 Lokeren · FlandreSee on map

Contributed capital

18 592,01 €

Latest accounts

31/12/2024

Average workforce

34,5 ETP

Signals

ProfitableLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008
Income statement
Gross margin	2,3 M €	+8.8%	2,1 M €	+3.1%	2 M €	+70.7%	1,2 M €	+9.0%	1,1 M €	-6.4%	1,2 M €	+6.1%	1,1 M €	+30.6%	833,6 k €	+33.8%	623,2 k €	-36.4%	979,3 k €	+81.7%	539 k €	-39.8%	895 k €	-0.0%	895 k €	+20.0%	746 k €	+37.3%	543,2 k €	+7.0%	507,4 k €	-11.4%	572,6 k €
EBITDA	404,1 k €	-40.7%	681 k €	-16.3%	813,8 k €	+115%	379,2 k €	+5.7%	358,8 k €	-0.1%	359,2 k €	-2.7%	369,3 k €	+54.4%	239,2 k €	+72.8%	138,5 k €	-77.1%	605,7 k €	+272%	162,6 k €	-54.8%	359,6 k €	+8.1%	332,5 k €	+23.1%	270,2 k €	+51.8%	178 k €	-15.4%	210,3 k €	+10.2%	190,8 k €
Operating result	148,5 k €	-71.1%	514,6 k €	-24.9%	684,8 k €	+160%	263,6 k €	-1.9%	268,7 k €	+2.8%	261,5 k €	-6.7%	280,4 k €	+57.6%	177,9 k €	+54.0%	115,5 k €	+144%	47,3 k €	-58.4%	113,9 k €	-61.0%	292 k €	+7.8%	270,9 k €	+27.6%	212,4 k €	+70.9%	124,3 k €	-27.5%	171,3 k €	+10.7%	154,8 k €
Net result	49,2 k €	-85.3%	335,6 k €	-20.7%	423,1 k €	+222%	131,2 k €	-14.8%	154,1 k €	+47.8%	104,3 k €	+40.1%	74,5 k €	-32.0%	109,6 k €	+67.3%	65,5 k €	+451%	11,9 k €	+424%	-3,7 k €	-103%	120,1 k €	+22.7%	97,9 k €	+32.1%	74,1 k €	+102%	36,8 k €	-64.1%	102,3 k €	+6.3%	96,3 k €
Balance sheet
Equity	1,2 M €	+4.5%	1,1 M €	+37.8%	802,1 k €	+105%	391,9 k €	+34.8%	290,7 k €	+41.5%	205,5 k €	+2.1%	201,1 k €	+0.9%	199,4 k €	+19.8%	166,5 k €	+29.4%	128,6 k €	+10.2%	116,7 k €	-36.0%	182,4 k €	+43.3%	127,3 k €	+45.0%	87,8 k €	-6.3%	93,7 k €	+64.6%	56,9 k €	+343%	-23,4 k €
Total assets	4,4 M €	+66.1%	2,7 M €	+8.7%	2,5 M €	+78.6%	1,4 M €	+31.0%	1 M €	+23.2%	851,6 k €	-14.5%	995,9 k €	+8.8%	915 k €	+119%	417,1 k €	-1.6%	423,9 k €	-55.3%	948,6 k €	-3.4%	982,1 k €	+1.0%	972,3 k €	+118%	445,2 k €	+15.6%	385 k €	+63.1%	236,1 k €	+27.0%	185,9 k €
Cash	7,2 k €	-92.4%	94,6 k €	-64.4%	265,6 k €	+623%	36,7 k €	+21.7%	30,2 k €	-13.4%	34,8 k €	+22.6%	28,4 k €	-37.7%	45,6 k €	-21.8%	58,4 k €	+214%	18,6 k €	-64.1%	51,7 k €	+53.1%	33,8 k €	+591%	4,9 k €	-93.9%	80,4 k €	-18.2%	98,2 k €	+43.3%	68,5 k €	+660%	9 k €
Debts	3,3 M €	+110%	1,6 M €	-5.5%	1,7 M €	+68.1%	982,3 k €	+29.5%	758,6 k €	+17.4%	646,2 k €	-18.7%	794,7 k €	+11.0%	715,7 k €	+186%	250,6 k €	-15.1%	295,3 k €	-64.5%	831,9 k €	+4.0%	799,8 k €	-5.4%	845 k €	+136%	357,5 k €	+22.7%	291,3 k €	+62.6%	179,1 k €	-14.4%	209,3 k €
Other
Workforce	34,5 ETP	+13.9%	30,3 ETP	+13.5%	26,7 ETP	+39.1%	19,2 ETP	-9.4%	21,2 ETP	-2.8%	21,8 ETP	+9.5%	19,9 ETP	+25.2%	15,9 ETP	+6.7%	14,9 ETP	+0.7%	14,8 ETP	-15.9%	17,6 ETP	-9.3%	19,4 ETP	+2.1%	19,0 ETP	+16.6%	16,3 ETP	+22.6%	13,3 ETP	+33.0%	10,0 ETP	-31.5%	14,6 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2024 · 3 active · 5 ended

Active mandates

Aykut Gurbuzer

Director

Active

Hakki Gürbüzer

Director

Active

VELSA

Director · 0736.830.509

Active

Ended mandates

Aykut Gurbuzer

Manager

Ended

Hakki Gurbuzer

Manager

Ended

VELSA

Andere functie · 0736.830.509

Ended

VELSA

Manager · 0736.830.509

Ended

Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	06/10/2025	04/10/2024	04/10/2023	17/10/2022	08/10/2021	24/09/2020
General meeting	02/10/2025	03/10/2024	04/10/2023	17/10/2022	07/10/2021	21/09/2020
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2024	02/10/2025	06/10/2025	Dutch	PDF
Abridged model	31/12/2023	03/10/2024	04/10/2024	Dutch	PDF
Abridged model	31/12/2022	04/10/2023	04/10/2023	Dutch	PDF
Abridged model	31/12/2021	17/10/2022	17/10/2022	Dutch	PDF
Abridged model	31/12/2020	07/10/2021	08/10/2021	Dutch	PDF
Abridged model	31/12/2019	21/09/2020	24/09/2020	Dutch	PDF
Abridged model	31/12/2018	08/10/2019	09/10/2019	Dutch	PDF
Abridged model	31/12/2017	09/06/2018	25/09/2018	Dutch	PDF
Abridged model	31/12/2016	26/09/2017	29/09/2017	Dutch	PDF
Abridged model	31/12/2015	13/09/2016	21/09/2016	Dutch	PDF
Abridged model	31/12/2014	23/09/2015	24/09/2015	Dutch	PDF
Abridged model	31/12/2013	19/09/2014	08/10/2014	Dutch	PDF
Abridged model	31/12/2012	29/06/2013	12/07/2013	Dutch	PDF
Abridged model	31/12/2011	02/07/2012	10/07/2012	Dutch	PDF
Abridged model	31/12/2010	13/08/2011	29/08/2011	Dutch	PDF
Abridged model	31/12/2009	24/08/2010	27/08/2010	Dutch	PDF
Abridged model	31/12/2008	13/06/2009	30/06/2009	Dutch	PDF
Abridged model	31/12/2007	14/06/2008	27/06/2008	Dutch	PDF
Abridged model	31/12/2006	25/07/2007	18/09/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 31/12/2024 · 3 active · 5 ended

Active mandates

Aykut Gurbuzer

Director

Active

Hakki Gürbüzer

Director

Active

VELSA

Director · 0736.830.509

Active

Ended mandates

Aykut Gurbuzer

Manager

Ended

Hakki Gurbuzer

Manager

Ended

VELSA

Andere functie · 0736.830.509

Ended

VELSA

Manager · 0736.830.509

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Registered office30/10/2025
MAATSCHAPPELIJKE ZETEL
PDF
Mandates12/12/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING
PDF
Mandates30/12/2019
ONTSLAGEN - BENOEMINGEN
PDF
Registered office19/12/2007
MAATSCHAPPELIJKE ZETEL
PDF
Registered office23/03/2007
MAATSCHAPPELIJKE ZETEL
PDF
Mandates04/11/2002
ONTSLAGEN - BENOEMINGEN - MAATSCHAPPELIJKE ZETEL
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

2024
Annual accounts 202449,2 k €↓
2023
Annual accounts 2023335,6 k €↓
2022
Annual accounts 2022423,1 k €↑
2021
Annual accounts 2021131,2 k €↓
2020
Annual accounts 2020154,1 k €↑
2019
Annual accounts 2019104,3 k €↑
2018
Annual accounts 201874,5 k €↓
2017
Annual accounts 2017109,6 k €↑
2016
Annual accounts 201665,5 k €↑
2015
Annual accounts 201511,9 k €↑
2014
Annual accounts 2014-3,7 k €↓
2013
Annual accounts 2013120,1 k €↑
2012
Annual accounts 201297,9 k €↑
2011
Annual accounts 201174,1 k €↑
2010
Annual accounts 201036,8 k €↓
2009
Annual accounts 2009102,3 k €↑
2008
Annual accounts 200896,3 k €
18/01/2000
IncorporationPrivate 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 GRONDWERKEN

Overview

What does AG GRONDWERKEN do?

Trend over 17 financial years

Indicative valuation

Board of directors

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