AGREX
ActiveAGREX has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €131k and a net result of €6k. Equity is shrinking by ~2.6% per year across the filed fiscal years. Its solvency ranks better than 51% of 2438 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
59
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. A confirmed filing finding caps the score. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability71▲+6
Solvency73▲+2
Growth58=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days only on tighter terms
Liquidity short (current ratio 0.95 against 0.75 in 2023; short-term debt: 43.1% and cash: 9% of total assets), and 52.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 25
Relative position
BE, all sectors
reference
Sector 25
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
182021222324
2018 to 2024 · latest year €131k
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 08-07-2026, 342 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
342 d late
2023
707 d late
2022
213 d late
2021
31 d late
2020
153 d late
2018
7 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€131k▲ 4.6%
2023 · €125k
2018: €154k
2020: €130k
2021: €115k
2022: €108k
2023: €125k
2018 → 2024
Total assets
€274k▲ 1.2%
2023 · €271k
2018: €252k
2020: €219k
2021: €211k
2022: €285k
2023: €271k
2018 → 2024
Net result
€6k
2023 · €-8k
2018: €-12k
2020: €-8k
2021: €-14k
2022: €-7k
2023: €-8k
2018 → 2024
Working capital
€-6k▲ 78.8%
2023 · €-30k
2018: €52k
2020: €17k
2021: €-32k
2022: €-57k
2023: €-30k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€130k-€115k▼ 10.9%€108k▼ 6.2%€125k▲ 15.7%€131k▲ 4.6%
Operating result€-8k-€-14k▼ 73.8%€-4k▲ 72.5%€4k€6k▲ 40.8%
Net result€-8k-€-14k▼ 71.5%€-7k▲ 49.1%€-8k▼ 11.3%€6k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2021 the operating result has climbed three years in a row; 2024 is 41% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €274k
Fixed assets
€162k▼ 9.9%
Current assets
€112k▲ 23.2%
Equity and liabilities €274k
Equity
€131k▲ 4.6%
Provisions
€10k=
Debt
€132k▼ 1.9%
The debt ratio falls from 49.9% to 48.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€24k▼
2023 · €29k
Cash flow
€24k▲
2023 · €17k
Solvency
47.8%▲
2023 · 46.3%
Current ratio
0.95▲
2023 · 0.75
Quick ratio
0.95▲
2023 · 0.75
Debt / equity
1.01▼
2023 · 1.08
ROE
4.4%▲
2023 · -6.4%
ROA
2.1%▲
2023 · -3.0%
Interest coverage
269.61▲
2023 · 47.01
Debt
€132k▼
2023 · €135k
Debt ≤ 1 year
€118k▼
2023 · €121k
Debt > 1 year
€13k=
2023 · €13k
Income taxes
€0▼
2023 · €12k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€271k€274k▲
Fixed assets21/28€180k€162k▼
Tangible fixed assets22/27€177k€159k▼
Land and buildings22€143k€136k▼
Plant, machinery and equipment23€5k€4k▼
Furniture and vehicles24€30k€18k▼
Financial fixed assets28€3k€3k=
Current assets29/58€91k€112k▲
Amounts receivable within one year40/41€7k€25k▲
Trade receivables40€4k€0▼
Other amounts receivable41€3k€25k▲
Cash at bank and in hand54/58€17k€25k▲
Deferred charges and accrued income490/1€66k€62k▼
Equity and liabilities
Total equity and liabilities10/49€271k€274k▲
Equity10/15€125k€131k▲
Contributions10/11€44k€44k=
Reserves13€94k€94k=
Tax-exempt reserves132€54k€54k=
Distributable reserves133€40k€40k=
Profit (loss) carried forward14€-13k€-7k▲
Provisions and deferred taxes16€10k€10k=
Deferred taxes168€10k€10k=
Amounts payable17/49€135k€132k▼
Amounts payable after more than one year17€13k€13k=
Financial debts170/4€12k€12k=
Other amounts payable178/9€2k€2k=
Amounts payable within one year42/48€121k€118k▼
Current portion of amounts payable after more than one year42€6k€0▼
Trade debts44€9k€12k▲
Suppliers440/4€9k€12k▲
Advances received on contracts in progress46-€776
Taxes, remuneration and social security45€6k€6k▼
Taxes450/3€4k€4k▼
Remuneration and social security454/9€1k€1k=
Other amounts payable47/48€99k€99k=
Accrued charges and deferred income492/3€984€984=
Income statement
Code20232024
Non-recurring operating income76A-€24
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€25k€18k▼
Other operating charges640/8€2k€2k▲
Gross operating margin9900€30k€26k▼
Operating profit (loss)9901€4k€6k▲
Financial income75/76B-€17
Recurring financial income75-€17
Financial charges65/66B€612€88▼
Recurring financial charges65€612€88▼
Profit (loss) for the period before taxes9903€4k€6k▲
Income taxes67/77€12k€0▼
Profit (loss) for the period9904€-8k€6k▲
Profit (loss) for the period to be appropriated9905€-8k€6k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-13k€-7k▲
Profit (loss) brought forward from the previous period14P€-5k€-13k▼
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
08-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 342 days late
08-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 707 days late
2024
31-12
Financial
Back to profitnet €6k
Net result €6k after 5 loss-making years.
29-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 213 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Weakest financial yearnet €-14k
Net result drops to €-14k, the lowest in the series; recovery starts the following year.
31-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 153 days late
2019
07-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 7 days late
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 59 days late
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 60 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 31 days late
2015
29-09
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 60 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
10 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, Maldegem · 1 establishment unit since 1999
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Stationsstraat 439990 MaldegemGround area
348 m²
Building footprint
165 m²
Volume, LiDAR
1,828 m³
Parcel 43502D0157/00D002, Flanders · tallest building 14.1 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
AGREX
since 19992.090.417.009
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 43502D0157/00D002 | Flanders | 348 m² | 1 · 165 m² | 14.1 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
B.V. MONTAGE
BE 0764.373.559
Oudsbergen · Eq €131k
META-L174
BE 1006.467.644
Herstal · Eq €132k
ADRIE CONSTRUCT
BE 0472.032.088
Eeklo · Eq €131k
DE RYCKE METALWORX
BE 0652.817.324
Maldegem · Eq €131k
CERTUS RVS
BE 0806.353.674
Lokeren · Eq €132k
Of 3,989 companies in sector 25110 we hold annual accounts for 2,148. 1,654 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded09-12-1998
Fiscal year end31-12
Activities, NACEBEL
25110Manufacture of metal structures and parts of structures
43120Site preparation
Sources
Crossroads Bank for EnterprisesNational Bank · 25 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.