Summary
For the legal form of AGRECO, Checked does not compute a bankruptcy probability. The 2026 annual accounts show a net result of €1.4m. Its net result ranks better than 81% of 73 sector peers (fiscal year 2026). The company has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
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Insufficient figures
A score requires measurable solvency, liquidity and profitability. Missing figures are not a judgement about the company.
Axes · tick = 2025
Profitability97▲+9
Solvency-
Growth54▼-6
Track record100
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 19-08-2026, 73 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
73 d early
2025
65 d early
2024
87 d early
2023
8 d early
2022
55 d early
2021
55 d early
2020
66 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 58 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today. Usually files around 27 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-03-2027 close31-10-2027 deadline
History
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Financials · fiscal year 2026, full schema
Turnover
€5.9m▼ 19.6%
2025 · €7.3m
EBIT margin
23.4%▲ 6.3pp
2025 · 17.1%
Net result
€1.4m▲ 9.5%
2025 · €1.3m
Working capital
€2.1m▲ 6.8%
2025 · €1.9m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20222023202420252026
Turnover€6.0m▼ 1.0%€8.1m▲ 35.7%€7.0m▼ 13.6%€7.3m▲ 4.7%€5.9m▼ 19.6%
Operating result€842,250▲ 6.4%€797,843▼ 5.3%€1.1m▲ 32.1%€1.2m▲ 18.6%€1.4m▲ 10.3%
Net result€814,033above the sector's middle half▲ 7.9%€769,618above the sector's middle half▼ 5.5%€1.0mabove the sector's middle half▲ 32.6%€1.3mabove the sector's middle half▲ 22.6%€1.4m▲ 9.5%
EBIT margin14.1%▲ 1.0pp9.9%▼ 4.3pp15.1%▲ 5.2pp17.1%▲ 2.0pp23.4%▲ 6.3pp
Total assets€7.4mabove the sector's middle half▲ 9.0%€6.8mabove the sector's middle half▼ 7.6%€8.3mabove the sector's middle half▲ 21.2%€9.2mwithin the sector's middle half▲ 10.7%€6.4m▼ 30.1%
Debt€7.4m▲ 9.0%€6.8m▼ 8.2%€8.3m▲ 21.9%€9.2m▲ 10.7%€6.3m▼ 31.0%
Working capital€3.4mabove the sector's middle half▼ 0.6%€2.7mabove the sector's middle half▼ 21.5%€2.3mabove the sector's middle half▼ 12.4%€1.9mabove the sector's middle half▼ 16.1%€2.1m▲ 6.8%
Current ratio1.85within the sector's middle half▼ 0.181.64within the sector's middle half▼ 0.201.40within the sector's middle half▼ 0.251.27within the sector's middle half▼ 0.121.48▲ 0.21
Return on assets (ROA)11.0%within the sector's middle half▼ 0.1pp11.2%within the sector's middle half▲ 0.3pp12.3%within the sector's middle half▲ 1.1pp13.6%above the sector's middle half▲ 1.3pp21.4%▲ 7.7pp
Staff (FTE)3.9within the sector's middle half▼ 13.3%3.3within the sector's middle half▼ 15.4%2.8within the sector's middle half▼ 15.2%3.3within the sector's middle half▲ 17.9%4.1▲ 24.2%
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed three years in a row; 2026 is 10% above 2025 and is the highest result in the available series.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €6.4m
Fixed assets
€27,639 ▼ 65.7%
Current assets
€6.4m ▼ 29.8%
Key figures and ratios
EBITDA
€1.4m▲
2025 · €1.3m
Cash flow
€1.4m▲
2025 · €1.3m
Quick ratio
1.40▲
2025 · 0.93
Interest coverage
64.22▲
2025 · 43.36
Debt ≤ 1 year
€4.3m▼
2025 · €7.2m
Debt > 1 year
€2.0m=
2025 · €2.0m
Income taxes
€5,437▼
2025 · €7,725
Staff costs
€341,956▲
2025 · €286,762
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €6.0m | €8.1m | €7.0m | €7.3m | €5.9m | ▼ 19.6% |
| Non-recurring operating income76A | - | - | - | €26,086 | €21,512 | ▼ 17.5% |
| Goods, raw materials, services and sundry goods60/61 | €4.8m | €6.9m | €5.6m | €5.7m | €4.0m | ▼ 29.7% |
| Remuneration, social security and pensions62 | €261,376 | €287,380 | €228,746 | €286,762 | €341,956 | ▲ 19.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €34,844 | €35,026 | €54,316 | €53,577 | €23,756 | ▼ 55.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €84,596 | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | - | €80,000 | - |
| Other operating charges640/8 | - | €98,361 | €11,064 | €98,484 | €24,621 | ▼ 75.0% |
| Non-recurring operating charges66A | - | - | - | €62 | €85 | ▲ 37.1% |
| Gross operating margin9900 | €1.1m | €1.2m | €1.3m | €1.7m | €1.9m | ▲ 14.5% |
| Operating profit (loss)9901 | €842,250 | €797,843 | €1.1m | €1.2m | €1.4m | ▲ 10.3% |
| Financial income75/76B | €5,665 | €3,314 | €7,708 | €39,201 | €19,456 | ▼ 50.4% |
| Recurring financial income75 | €5,665 | €3,314 | €7,708 | €39,201 | €19,456 | ▼ 50.4% |
| Financial charges65/66B | €33,882 | €31,539 | €38,937 | €30,060 | €21,829 | ▼ 27.4% |
| Recurring financial charges65 | €33,882 | €31,539 | €38,937 | €30,060 | €21,829 | ▼ 27.4% |
| Profit (loss) for the period before taxes9903 | €814,033 | €769,618 | €1.0m | €1.3m | €1.4m | ▲ 9.3% |
| Income taxes67/77 | - | - | €1,815 | €7,725 | €5,437 | ▼ 29.6% |
| Profit (loss) for the period9904 | €814,033 | €769,618 | €1.0m | €1.3m | €1.4m | ▲ 9.5% |
| Profit (loss) for the period to be appropriated9905 | €814,033 | €769,618 | €1.0m | €1.3m | €1.4m | ▲ 9.5% |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €7.4m | €6.8m | €8.3m | €9.2m | €6.4m | ▼ 30.1% |
| Fixed assets21/28 | €52,891 | €81,896 | €105,699 | €80,498 | €27,639 | ▼ 65.7% |
| Tangible fixed assets22/27 | €49,693 | €78,390 | €102,029 | €74,993 | €22,134 | ▼ 70.5% |
| Furniture and vehicles24 | €49,693 | €20,307 | €102,029 | €74,993 | €22,134 | ▼ 70.5% |
| Assets under construction and advance payments27 | - | €58,083 | - | - | - | - |
| Financial fixed assets28 | €3,198 | €3,506 | €3,670 | €5,505 | €5,505 | = |
| Current assets29/58 | €7.4m | €6.8m | €8.2m | €9.1m | €6.4m | ▼ 29.8% |
| Stocks and contracts in progress3 | €36,881 | €1.0m | €2.4m | €2.4m | €376,333 | ▼ 84.6% |
| Contracts in progress37 | €36,881 | €1.0m | €2.4m | €2.4m | €376,333 | ▼ 84.6% |
| Amounts receivable within one year40/41 | €4.8m | €3.8m | €3.6m | €5.6m | €4.1m | ▼ 27.3% |
| Trade receivables40 | €4.6m | €3.7m | €3.5m | €5.5m | €3.9m | ▼ 29.7% |
| Other amounts receivable41 | €166,962 | €167,970 | €95,412 | €67,864 | €178,672 | ▲ 163% |
| Current investments50/53 | €2.4m | €1.2m | €2.1m | €840,968 | €1.5m | ▲ 80.7% |
| Cash at bank and in hand54/58 | €109,771 | €689,570 | €169,887 | €201,789 | €414,508 | ▲ 105% |
| Deferred charges and accrued income490/1 | €14,870 | €0 | €612 | €612 | €1,614 | ▲ 164% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €7.4m | €6.8m | €8.3m | €9.2m | €6.4m | ▼ 30.1% |
| Provisions and deferred taxes16 | - | €42,036 | - | - | €80,000 | - |
| Provisions for liabilities and charges160/5 | - | €42,036 | - | - | €80,000 | - |
| Other liabilities and charges164/5 | - | €42,036 | - | - | €80,000 | - |
| Amounts payable17/49 | €7.4m | €6.8m | €8.3m | €9.2m | €6.3m | ▼ 31.0% |
| Amounts payable after more than one year17 | €3.4m | €2.7m | €2.4m | €2.0m | €2.0m | = |
| Advances received on contracts in progress176 | €3.4m | €2.7m | €2.4m | €2.0m | €2.0m | = |
| Amounts payable within one year42/48 | €4.0m | €4.1m | €5.9m | €7.2m | €4.3m | ▼ 39.8% |
| Trade debts44 | €1.5m | €1.6m | €1.9m | €2.1m | €1.4m | ▼ 34.4% |
| Suppliers440/4 | €1.5m | €1.6m | €1.9m | €2.1m | €1.4m | ▼ 34.4% |
| Advances received on contracts in progress46 | €1.2m | €790,852 | €2.4m | €2.7m | €887,537 | ▼ 66.7% |
| Taxes, remuneration and social security45 | €78,347 | €99,416 | €98,515 | €83,273 | €102,049 | ▲ 22.5% |
| Taxes450/3 | €3,075 | €9,656 | €3,047 | €3,904 | €3,859 | ▼ 1.1% |
| Remuneration and social security454/9 | €75,272 | €89,760 | €95,468 | €79,369 | €98,190 | ▲ 23.7% |
| Other amounts payable47/48 | €1.2m | €1.6m | €1.4m | €2.3m | €1.9m | ▼ 15.4% |
| Accrued charges and deferred income492/3 | - | €144 | - | - | - | - |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €814,033 | €769,618 | €1.0m | €1.3m | €1.4m | ▲ 9.5% |
| + Depreciation and write-downs630 | €34,844 | €35,026 | €54,316 | €53,577 | €23,756 | ▼ 55.7% |
| Operating cash flow (approximation) | €848,877 | €804,644 | €1.1m | €1.3m | €1.4m | ▲ 6.8% |
| Investment in fixed assets (approximation) | - | -€64,031 | -€78,118 | -€28,376 | €29,103 | ▲ 203% |
| Change in cash | - | €579,799 | -€519,683 | €31,902 | €212,719 | ▲ 567% |
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 2027, expected by
2026
19-08
NBB filing
Annual accounts filed
fiscal year 2026 · full schema
31-03
Financial
Highest result since 2019net €1.4m ▲9.5%
Operating result €1.4m, net result €1.4m, both a record.
2025
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2024
05-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2023
23-10
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2022
06-09
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2021
06-09
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2020
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
31-03
Financial
Weakest financial yearnet €556,410 ▼36.2%
Net result drops to €556,410, the lowest in the series; recovery starts the following year.
2019
02-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2017
11-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 14 acts read
About the unread acts
We know of 14 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
14 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, Elsene · 1 establishment unit since 1992
Ground area
1,574 m²
Building footprint
1,579 m²
Volume, LiDAR
46,471 m³
Parcel 21807G0135/00T003, Brussels · tallest building 46.6 m, ±13 floors. Linked by address, not a title deed.
284
companies at this address
See who is registered here
1 establishment unit
Louizalaan 251, 1050 Elsene
since 19922.229.220.346
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21807G0135/00T003 | Brussels | 1,574 m² | 1 · 1,579 m² | 46.6 m · 13 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
European Union, budget
2021 to 2024 · 30 entries · 25,316,205 EUR in total| Year | Entries | awarded |
|---|---|---|
| 2024 | 12 | 4,999,830 EUR |
| 2023 | 7 | 9,975,875 EUR |
| 2022 | 6 | 3,380,500 EUR |
| 2021 | 5 | 6,960,000 EUR |
Projects
GREENING EU COOPERATION FACILITY TECHNICAL ASSISTANCE FOR THE INTEGRATION OF ENVIRONMENT, CLIMATE CHANGE AND DISASTER RISK REDUCTION IN EU COOPERATION
THE TECHNICAL FACILITY FOR BIODIVERSITY AND ECOSYSTEMS SERVICES (B4LIFE 2.0)
ASSISTANCE TECHNIQUE POUR L'OPÉRATIONNALISATION DU SYSTÈME DE VÉRIFICATION DE LA LÉGALITÉ (SVL) ET EN APPUI À L'AMÉNAGEMENT
B4LIFE FACILITY FOR CRISIS COUNTRIES (B4LIFE CRISIS)
ASSISTANCE TECHNIQUE RÉGIONALE POUR LA COORDINATION TECHNIQUE DU PROGRAMME NATURAFRICA EN AFRIQUE CENTRALE POUR LA GESTION DURABLE DES FORÊTS DU BASSIN DU CONGO ET DES ESPACES DE TRANSITION
Show 12 more projects
AT COORDINATION RÉGIONALE NATURAFRICAO
MISSION D'ASSISTANCE TECHNIQUE À LA DIRECTION DE LA FAUNE ET DES AIRES PROTÉGÉES DU MINISTÈRE DES EAUX, FORÊTS, CHASSE ET PÊCHE (MEFCP)
TECHNICAL COMMITMENT: ADDENDUM 1 TO THE B4LIFE FACILITY FOR CRISIS COUNTRIES (B4LIFE CRISIS)
UPDATE OF THE EC STRATEGY FOR BIODIVERSITY CONSERVATION IN AFRICA AND PUBLICATION ''LARGER THAN ELEPHANTS''
SPECIFIC CONTRACT Nº 2023/02 - IMPLEMENTING FRAMEWORK CONTRACT NO CINEA/2021/OP/0015
SPECIFIC CONTRACT Nº 2024/01 - IMPLEMENTING FRAMEWORK CONTRACT NO CINEA/2021/OP/0015
SPECIFIC CONTRACT Nº 2024/02 - IMPLEMENTING FRAMEWORK CONTRACT NO CINEA/2021/OP/0015
SPECIFIC CONTRACT Nº 2022/03 - IMPLEMENTING FRAMEWORK CONTRACT NO CINEA/2021/OP/0015
SPECIFIC CONTRACT Nº 2023/01A - IMPLEMENTING FRAMEWORK CONTRACT NO CINEA/2021/OP/0015
SPECIFIC CONTRACT Nº 2023/01 - IMPLEMENTING FRAMEWORK CONTRACT NO CINEA/2021/OP/0015
SPECIFIC CONTRACT Nº 2022/02 - IMPLEMENTING FRAMEWORK CONTRACT NO CINEA/2021/OP/0015
SPECIFIC CONTRACT Nº 2022/01B - IMPLEMENTING FRAMEWORK CONTRACT NO CINEA/2021/OP/0015
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,629. 3,967 are within a factor 10 of this headcount. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formEuropean economic interest grouping
Founded28-02-1992
Fiscal year end31-03
Activities, NACEBEL 2025
70200Business and other management consultancy
94110Activities of business and employers' organisations
Contact
E-mail
agreco@agreco.beElsene
Phone
02 626 33 20Elsene
E-invoicing
Reachable via Peppol
Peppol ID
0208:0446816741
Also
9925:BE0446816741
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.