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AGRICON

Active
Public limited companyfounded 1997active for 29 yearsBoomschorsweg 20, 2490 Balen, BelgiumKBO/BCE: BE 0461.486.408
Summary

AGRICON has been active since 1997 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €8.3m and a net result of €356,978. Equity is growing by about 18% per year across the filed financial years. Its solvency ranks better than 27% of 6,030 sector peers (NACE 46, financial year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).

Overview

Activity
Wholesale of timber
NACE 46832
Largest company by total assets in Balen, Wholesale and retail trade sector1 site
Size
€65.8mturnover 2025
Staff
17.4 FTE
Equity
€8.3m
Profit
€356,978
Turnover +64%: 18-month year
Financial health
83 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.3%
Structure
Parent
AGRICON GROUP · 100%
Accounts 58 days early1 of 15 deeds read
Why 83raises riskLiquidity: current ratio 1.40, cash €1.0mEquity €8.3m (24.9% of total assets)lowers riskFounded in 1997Legal form: public limited companyShow the evidence

Checked score

Score 2025
83 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 33% of its sector peers (NACE 46, small)
Financial strength · tick = 2024
Average
Solvency 50-9
equity 24.9% of total assets
Liquidity 34-6
short-term debt 41.9% · cash 3.1%
Profitability 53+12
return on assets 1.1%
Bankruptcy probability, 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%

About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (4,383 companies, NACE 46, small)
Last 24 months 11-2024: 0.9% 12-2024: 0.9%● unchanged vs 11-2024 01-2025: 1.0%▲ +0.1 percentage points vs 12-2024 02-2025: 0.6%▼ -0.4 percentage points vs 01-2025 03-2025: 0.6%● unchanged vs 02-2025 04-2025: 0.6%● unchanged vs 03-2025 05-2025: 0.6%● unchanged vs 04-2025 06-2025: 0.6%● unchanged vs 05-2025 07-2025: 0.6%● unchanged vs 06-2025 08-2025: 0.6%● unchanged vs 07-2025 09-2025: 0.5%▼ -0.1 percentage points vs 08-2025 10-2025: 0.6%▲ +0.1 percentage points vs 09-2025 11-2025: 0.7%▲ +0.1 percentage points vs 10-2025 12-2025: 0.7%● unchanged vs 11-2025 01-2026: 0.8%▲ +0.1 percentage points vs 12-2025 02-2026: 0.7%▼ -0.1 percentage points vs 01-2026 03-2026: 0.8%▲ +0.1 percentage points vs 02-2026 04-2026: 1.4%▲ +0.6 percentage points vs 03-2026 05-2026: 1.4%● unchanged vs 04-2026 06-2026: 1.9%▲ +0.5 percentage points vs 05-2026highest value 07-2026: 0.3%▼ -1.6 percentage points vs 06-2026lowest value 08-2026: 0.3%● unchanged vs 07-2026lowest value 09-2026: 0.3%● unchanged vs 08-2026lowest value 10-2026: 0.3%● unchanged vs 09-2026
Credit of up to €650,000 on 30-day terms is acceptable
Liquidity tight (current ratio 1.4, compared with 1.13 in 2024, below the usual 1.5; short-term debt: 41.9% and cash: 3.1% of total assets), and 75.1% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 46, small): better than 28% on solvency, 35% on liquidity and 36% on profitability.

The bankruptcy probability was computed on 12-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.
lowers riskraises riskneutral
raises risk · Liquidity: current ratio 1.40, cash €1.0m
NBB · annual accounts
raises risk · Equity €8.3m (24.9% of total assets)
NBB · annual accounts
lowers risk · Founded in 1997
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
lowers risk · Legal form: public limited company
KBO
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 03-06-2026, 58 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
58 days early
2024
22 days early
2023
26 days late
2022
59 days late
2021
28 days late
2020
2 days early
2019
28 days late
← 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 8 days after the deadline; the sector median (NACE 46) for financial year 2024 is 3 days before the deadline, and 39% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Appointments: Holger Vox (director) and Ann…Resignations: Luc Convens, Daniel Convens…
  2. Annual accounts filedfinancial year 2025 · full…
  3. Back to profitnet €356,978

Key points

  • Caution: Board changedlatest change 14-08-2026 · 2 in office 2 joined · 3 left View
  • Positive: Back in profit in 2025after -€250,113 in 2024 €356,978 View
  • Positive: Largest company by total assets in Balen, Wholesale and retail trade sectorin the Checked rankings No. 1 View
  • Positive: 6 years of growth in a rowturnover 2025: €65.8m 6 years View
  • Controlled by AGRICON GROUPultimately: COMPO Consumer GmbH 100% View
  • Flemish supportawarded from 2022 to 2025 €1.4m View

By topic

Financials

Financial year
2025
Turnover
€65.8m
Profit
€356,978
Solvency
24.9%
Turnover▲ 63.7%
Net result
20192025
Go to Financials

Board & ownership

Board
2 members
Parent
AGRICON GROUP · 100%
  • Ann VerstraeteManaging director
  • Holger VoxManaging director
Go to Board & ownership

Timeline

Events
32
Since
1999
  1. 09-01-2025Annual accounts filed
  2. 30-06-2024Weakest financial year
  3. 26-02-2024Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Wholesale of timberNACE 46832
Founded
19-09-1997
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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