AFRGO
ActiveSummary
The computed 12-month bankruptcy probability of AFRGO is 1.8% (moderate). The 2025 annual accounts show negative equity (€-163k) and a net result of €6k. Equity remains stable across the filed fiscal years (±1.8% per year). Its solvency ranks better than 12% of 11389 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability45▼-20
Solvency0=
Growth58=
Track record94
Bankruptcy probability, 12 months
1.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.65 against 0.36 in 2024; short-term debt: 148.3% and cash: 13.5% of total assets), and equity is negative.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-48.3%
Return on assets
1.9%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 12% of 11389 sector peers (2025).
NBB · sector comparisonPosition among 11389 sector peers
Solvency
better than 12%
← weakest
strongest →
neutral · A punctual record breaks
This company filed 4 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 5 filingsDeviation from the deadline
2025
31 d late
2024
on the day
2023
37 d early
2022
11 d early
2021
18 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-163k▲ 3.7%
2024 · €-169k
2021: €-105khighest in 5 years
2022: €-165k▼ -57.6% vs 2021
2023: €-170k▼ -2.6% vs 2022lowest in 5 years
2024: €-169k▲ +0.3% vs 2023
2025: €-163k▲ +3.7% vs 2024
2021 → 2025
Total assets
€338k▲ 169%
2024 · €126k
2021: €63klowest in 5 years
2022: €258k▲ +313% vs 2021
2023: €317k▲ +22.7% vs 2022
2024: €126k▼ -60.4% vs 2023
2025: €338k▲ +169% vs 2024highest in 5 years
2021 → 2025
Net result
€6k▲ 1,217%
2024 · €475
2021: €-124klowest in 5 years
2022: €-60k▲ +51.1% vs 2021
2023: €-4k▲ +93.0% vs 2022
2024: €475▲ +111% vs 2023
2025: €6k▲ +1217% vs 2024highest in 5 years
2021 → 2025
Working capital
€-176k▲ 7.1%
2024 · €-189k
2021: €-105k
2022: €-59k▲ +44.0% vs 2021
2023: €-2k▲ +96.6% vs 2022highest in 5 years
2024: €-189k▼ -9299% vs 2023lowest in 5 years
2025: €-176k▲ +7.1% vs 2024
2021 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-105k-€-165k▼ 57.6%€-170k▼ 2.6%€-169k▲ 0.3%€-163k▲ 3.7%
2021: €-105khighest in 5 years
2022: €-165k▼ -57.6% vs 2021
2023: €-170k▼ -2.6% vs 2022lowest in 5 years
2024: €-169k▲ +0.3% vs 2023
2025: €-163k▲ +3.7% vs 2024
Operating result€-125k-€-59k▲ 52.6%€-4k▲ 93.7%€886€8k▲ 772%
2021: €-125klowest in 5 years
2022: €-59k▲ +52.6% vs 2021
2023: €-4k▲ +93.7% vs 2022
2024: €886▲ +124% vs 2023
2025: €8k▲ +772% vs 2024highest in 5 years
Net result€-124k-€-60k▲ 51.1%€-4k▲ 93.0%€475€6k▲ 1,217%
2021: €-124klowest in 5 years
2022: €-60k▲ +51.1% vs 2021
2023: €-4k▲ +93.0% vs 2022
2024: €475▲ +111% vs 2023
2025: €6k▲ +1217% vs 2024highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 772% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €338k
Fixed assets
€13k ▼ 35.6%
Current assets
€325k ▲ 208%
Key figures and ratios
EBITDA
€15k▲
2024 · €8k
Cash flow
€14k▲
2024 · €8k
Solvency
-48.3%▲
2024 · -134.7%
Current ratio
0.65▲
2024 · 0.36
Quick ratio
0.56▲
2024 · 0.22
Debt to equity
-3.07▼
2024 · -1.74
ROA
1.9%▲
2024 · 0.4%
Interest coverage
2.86▼
2024 · 5.46
Debt
€501k▲
2024 · €295k
Debt ≤ 1 year
€501k▲
2024 · €295k
Income taxes
€367▲
2024 · €283
Staff costs
€170▼
2024 · €369
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 42 lines
Balance sheet
Code20242025
Assets
Total assets20/58€126k€338k▲
Fixed assets21/28€20k€13k▼
Tangible fixed assets22/27€20k€13k▼
Plant, machinery and equipment23€212€139▼
Furniture and vehicles24€20k€13k▼
Current assets29/58€106k€325k▲
Stocks and contracts in progress3€40k€42k▲
Stocks30/36€40k€42k▲
Amounts receivable within one year40/41€6k€237k▲
Trade receivables40€4k€237k▲
Other amounts receivable41€2k€123▼
Cash at bank and in hand54/58€60k€46k▼
Equity and liabilities
Total equity and liabilities10/49€126k€338k▲
Equity10/15€-169k€-163k▲
Contributions10/11€19k€19k=
Profit (loss) carried forward14€-188k€-182k▲
Amounts payable17/49€295k€501k▲
Amounts payable within one year42/48€295k€501k▲
Trade debts44€2k€228k▲
Suppliers440/4€2k€228k▲
Advances received on contracts in progress46€51k€177k▲
Taxes, remuneration and social security45€283€960▲
Taxes450/3€283€960▲
Other amounts payable47/48€242k€95k▼
Income statement
Code20242025
Non-recurring operating income76A-€2k
Remuneration, social security and pensions62€369€170▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€7k▲
Other operating charges640/8€691€546▼
Non-recurring operating charges66A-€93
Gross operating margin9900€9k€16k▲
Operating profit (loss)9901€886€8k▲
Financial income75/76B€2k€4k▲
Recurring financial income75€2k€4k▲
Financial charges65/66B€2k€5k▲
Recurring financial charges65€2k€5k▲
Non-recurring financial charges66B€245€0▼
Profit (loss) for the period before taxes9903€758€7k▲
Income taxes67/77€283€367▲
Profit (loss) for the period9904€475€6k▲
Profit (loss) for the period to be appropriated9905€475€6k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-188k€-182k▲
Profit (loss) brought forward from the previous period14P€-188k€-188k▲
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €2k | - |
| Remuneration, social security and pensions62 | €28k | €41k | €11k | €369 | €170 | ▼ 54.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3k | €3k | €4k | €7k | €7k | ▲ 0.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €102k | - | - | - | - | - |
| Other operating charges640/8 | €915 | €498 | - | €691 | €546 | ▼ 21.0% |
| Non-recurring operating charges66A | - | - | - | - | €93 | - |
| Gross operating margin9900 | €9k | €-14k | €11k | €9k | €16k | ▲ 71.1% |
| Operating profit (loss)9901 | €-125k | €-59k | €-4k | €886 | €8k | ▲ 772% |
| Financial income75/76B | €228 | €0 | €27 | €2k | €4k | ▲ 157% |
| Recurring financial income75 | €213 | €0 | €27 | €2k | €4k | ▲ 157% |
| Non-recurring financial income76B | €15 | €0 | €27 | - | - | - |
| Financial charges65/66B | €-887 | €1k | €292 | €2k | €5k | ▲ 201% |
| Recurring financial charges65 | €-887 | €1k | €290 | €2k | €5k | ▲ 250% |
| Non-recurring financial charges66B | - | €0 | €2 | €245 | €0 | ▼ 100% |
| Profit (loss) for the period before taxes9903 | €-123k | €-60k | €-4k | €758 | €7k | ▲ 774% |
| Income taxes67/77 | €152 | €234 | €254 | €283 | €367 | ▲ 29.7% |
| Profit (loss) for the period9904 | €-124k | €-60k | €-4k | €475 | €6k | ▲ 1,217% |
| Profit (loss) for the period to be appropriated9905 | €-124k | €-60k | €-4k | €475 | €6k | ▲ 1,217% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €63k | €258k | €317k | €126k | €338k | ▲ 169% |
| Fixed assets21/28 | €13k | €10k | €27k | €20k | €13k | ▼ 35.6% |
| Tangible fixed assets22/27 | €13k | €10k | €27k | €20k | €13k | ▼ 35.6% |
| Plant, machinery and equipment23 | €325 | €537 | €319 | €212 | €139 | ▼ 34.4% |
| Furniture and vehicles24 | €12k | €9k | €27k | €20k | €13k | ▼ 35.7% |
| Current assets29/58 | €50k | €248k | €290k | €106k | €325k | ▲ 208% |
| Stocks and contracts in progress3 | €5k | €46k | €20k | €40k | €42k | ▲ 6.1% |
| Stocks30/36 | €5k | €46k | €20k | €40k | €42k | ▲ 6.1% |
| Amounts receivable within one year40/41 | €16k | €129k | €193k | €6k | €237k | ▲ 4,096% |
| Trade receivables40 | €12k | €121k | €181k | €4k | €237k | ▲ 6,414% |
| Other amounts receivable41 | €4k | €8k | €12k | €2k | €123 | ▼ 93.9% |
| Cash at bank and in hand54/58 | €29k | €73k | €76k | €60k | €46k | ▼ 24.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €63k | €258k | €317k | €126k | €338k | ▲ 169% |
| Equity10/15 | €-105k | €-165k | €-170k | €-169k | €-163k | ▲ 3.7% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Profit (loss) carried forward14 | €-124k | €-184k | €-188k | €-188k | €-182k | ▲ 3.3% |
| Amounts payable17/49 | €168k | €424k | €487k | €295k | €501k | ▲ 69.8% |
| Amounts payable after more than one year17 | €2k | - | - | - | - | - |
| Financial debts170/4 | €2k | - | - | - | - | - |
| Amounts payable within one year42/48 | €155k | €308k | €292k | €295k | €501k | ▲ 69.8% |
| Current portion of amounts payable after more than one year42 | €7k | €2k | - | - | - | - |
| Trade debts44 | €712 | €319 | €2k | €2k | €228k | ▲ 12,439% |
| Suppliers440/4 | €712 | €319 | €2k | €2k | €228k | ▲ 12,439% |
| Advances received on contracts in progress46 | - | - | €34 | €51k | €177k | ▲ 251% |
| Taxes, remuneration and social security45 | €3k | €3k | €254 | €283 | €960 | ▲ 239% |
| Taxes450/3 | €272 | €386 | €254 | €283 | €960 | ▲ 239% |
| Remuneration and social security454/9 | €3k | €2k | - | - | - | - |
| Other amounts payable47/48 | €145k | €302k | €289k | €242k | €95k | ▼ 60.8% |
| Accrued charges and deferred income492/3 | €10k | €116k | €195k | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-124k | €-60k | €-4k | €475 | €6k | ▲ 1,217% |
| + Depreciation and write-downs630 | €3k | €3k | €4k | €7k | €7k | ▲ 0.9% |
| Operating cash flow (approximation) | €-121k | €-57k | €-371 | €8k | €14k | ▲ 74.1% |
| Investment in fixed assets (approximation) | - | €-364 | €-21k | €0 | €-337 | - |
| Change in cash | - | €44k | €2k | €-15k | €-15k | ▲ 5.7% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Highest result since 2021net €6k ▲1,217%
Operating result €8k, net result €6k, both a record.
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €475
Net result €475 after 3 loss-making years.
24-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
20-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
13-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Zaventem · 1 establishment unit since 2021
Ground area
5,921 m²
Building footprint
564 m²
Volume, LiDAR
477 m³
2 parcels, Flanders · tallest building 9.5 m, ±2 floors. Linked by address, not a title deed.
178
companies at this address
See who is registered here
1 establishment unit
AFRGO
since 20212.312.123.969
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23772B0101/00B000 | Flanders | 5,421 m² | 1 · 499 m² | - |
| 23078C0047/00W005 | Flanders | 500 m² | 1 · 65 m² | 9.5 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector and region
Afgro Nuts
BE 1039.068.750
Zaventem
BLUE PEPPER
BE 0458.301.442
Zaventem
DINS
BE 1000.627.749
Zaventem
GFRESH ITALIAN FOOD
BE 0736.955.223
Zaventem
MBH COMPANY
BE 1008.506.327
Zaventem
This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 1,423 companies in sector 46389 we hold annual accounts for 853. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded13-01-2021
Fiscal year end31-12
Activities, NACEBEL 2025
46389Wholesale of other food products
47210Retail sale of fruit and vegetables
Scores and ratios are computed by Checked and are not a credit decision.