AGRIFOR

Open bankruptcy

Public limited companyfounded 1974Waterloosesteenweg 1135, 1180 Ukkel, BelgiumKBO/BCE: BE 0414.697.665

A bankruptcy procedure is open for AGRIFOR according to publications in the Belgian State Gazette. The file additionally contains 1 interim measure and 1 judicial reorganisation. The 2024 annual accounts show negative equity (€-207k) and a net result of €-261k.

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Signals

Four signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Negative equity

The 2024 annual accounts show negative equity and a net loss.

NBB · annual accounts 2024

Equity per financial year

18192021222324

2018 to 2024 · latest year €-207k

The KBO register records the legal situation: open bankruptcy (code 050). This is today's state according to the register itself; the register carries no start date.

KBO · legal situation

Open bankruptcy

Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.

Belgian State Gazette

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, full schema

Turnover

€716k▲ 12.5%

2022 · €636k

2018: €667k 2019: €644k 2020: €676k 2021: €622k 2022: €636k

2018 → 2023

EBIT margin

398.9%▲ 359.4pp

2022 · 39.5%

2018: 19.0% 2019: 39.2% 2020: -24.7% 2021: 5.0% 2022: 39.5%

2018 → 2023

Net result

€-261k

2023 · €1.72M

2018: €-246k 2019: €-94k 2020: €-541k 2021: €-260k 2022: €-130k 2023: €1.72M

2018 → 2024

Working capital

€-3.57M▼ 5.7%

2023 · €-3.38M

2018: €-4.56M 2019: €-3.13M 2020: €-734k 2021: €-6.10M 2022: €-2.36M 2023: €-3.38M

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Turnover€676k-€622k▼ 7.9%€636k▲ 2.2%€716k▲ 12.5%

Equity€-1.28M-€-1.54M▼ 20.4%€-1.67M▼ 8.4%€54k€-207k

Operating result€-167k-€31k€251k▲ 706%€2.86M▲ 1,036%€165k▼ 94.2%

Net result€-541k-€-260k▲ 51.9%€-130k▲ 50.1%€1.72M€-261k

Result per fiscal year

Operating resultNet result

The operating result falls in 2024; 2024 is 94% below 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €9.66M

59.4%

40.6%

Fixed assets €5.73M▼ 5.2%

Current assets €3.92M▲ 11.8%

Key figures and ratios

2024 value · change against 2023

EBITDA

€430k▼

2023 · €3.12M

Cash flow

€4k▼

2023 · €1.98M

Solvency

-2.1%▼

2023 · 0.6%

Current ratio

0.52▲

2023 · 0.51

Quick ratio

0.52▲

2023 · 0.51

Debt / equity

-43.89

ROA

-2.7%▼

2023 · 18.0%

Interest coverage

0.74▼

2023 · 5.38

Debt

€9.08M▲

2023 · €8.71M

Debt ≤ 1 year

€7.49M▲

2023 · €6.89M

Debt > 1 year

€1.43M▼

2023 · €1.76M

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€9.56M€9.66M▲

Fixed assets21/28€6.05M€5.73M▼

Tangible fixed assets22/27€5.97M€5.73M▼

Land and buildings22€5.96M€5.73M▼

Plant, machinery and equipment23€9k€7k▼

Financial fixed assets28€75k€0▼

Affiliated companies280/1€75k-

Participating interests280€75k-

Current assets29/58€3.51M€3.92M▲

Stocks and contracts in progress3€0-

Amounts receivable within one year40/41€3.43M€3.68M▲

Trade receivables40€33k€21k▼

Other amounts receivable41€3.40M€3.66M▲

Cash at bank and in hand54/58€22k€16k▼

Deferred charges and accrued income490/1€56k€227k▲

Equity and liabilities

Total equity and liabilities10/49€9.56M€9.66M▲

Equity10/15€54k€-207k▼

Contributions10/11€416k€416k=

Capital10€416k€416k=

Issued capital100€416k€416k=

Reserves13€2.30M€2.29M▼

Non-distributable reserves130/1€12k€12k=

Legal reserve130€8k€8k=

Reserves not available under the articles1311€4k€4k=

Tax-exempt reserves132€2.29M€2.28M▼

Distributable reserves133€0-

Profit (loss) carried forward14€-2.67M€-2.91M▼

Provisions and deferred taxes16€789k€785k▼

Provisions for liabilities and charges160/5€25k€0▼

Other liabilities and charges164/5€25k€0▼

Deferred taxes168€764k€785k▲

Amounts payable17/49€8.71M€9.08M▲

Amounts payable after more than one year17€1.76M€1.43M▼

Financial debts170/4€1.76M€1.42M▼

Credit institutions173€1.76M-

Other amounts payable178/9-€5k

Amounts payable within one year42/48€6.89M€7.49M▲

Current portion of amounts payable after more than one year42€316k€361k▲

Financial debts43€4.89M€5.10M▲

Credit institutions430/8€4.89M€5.10M▲

Other loans439€0-

Trade debts44€193k€325k▲

Suppliers440/4€193k€325k▲

Taxes, remuneration and social security45€79k€145k▲

Taxes450/3€79k€145k▲

Other amounts payable47/48€1.41M€1.56M▲

Accrued charges and deferred income492/3€69k€158k▲

Income statement Code20232024

Operating income70/76A€3.56M-

Turnover70€716k-

Other operating income74€65k-

Non-recurring operating income76A€2.78M€16k▼

Operating charges60/66A€705k-

Services and other goods61€166k-

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€264k€265k▲

Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-25k€5k▲

Provisions for liabilities and charges: additions (uses and reversals)635/8€25k€0▼

Other operating charges640/8€271k€216k▼

Non-recurring operating charges66A€3k€769▼

Gross operating margin9900-€652k

Operating profit (loss)9901€2.86M€165k▼

Financial income75/76B€132k€223k▲

Recurring financial income75€57k€223k▲

Income from current assets751€57k-

Other financial income752/9€0-

Non-recurring financial income76B€75k€0▼

Financial charges65/66B€594k€653k▲

Recurring financial charges65€594k€578k▼

Debt charges650€580k-

Other financial charges652/9€14k-

Non-recurring financial charges66B€0€75k▲

Profit (loss) for the period before taxes9903€2.39M€-265k▼

Transfer from deferred taxes780€4k€4k=

Transfer to deferred taxes680€678k€0▼

Profit (loss) for the period9904€1.72M€-261k▼

Transfer from tax-exempt reserves789€13k€13k=

Transfer to tax-exempt reserves689€2.03M€0▼

Profit (loss) for the period to be appropriated9905€-302k€-248k▲

Appropriation of the result

Profit (loss) to be appropriated9906€-2.67M€-2.91M▼

Profit (loss) brought forward from the previous period14P€-2.36M€-2.67M▼

Social balance

Average headcount (FTE)9087-0.0

The notes to these accounts (22 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 15Signals 3Financial 2Filings 10

2026

08-07

Bankruptcy Opening

Tribunal de l’entreprise francophone de Bruxelles · SA AGRIFOR CHAUSSEE DE WATERLOO 1135, 1180 UCCLE · event 02-07-2026

27-03

Interim measure Provisional administrator

Tribunal de l’entreprise francophone de Bruxelles

2025

19-12

NBB filing Annual accounts filed

fiscal year 2024 · full schema · 141 days late

20-02

Judicial reorganisation Practitioner designation

Tribunal de l’entreprise francophone de Bruxelles

28-01

NBB filing Annual accounts filed

fiscal year 2023 · full schema · 181 days late

2023

31-12

Financial Back to profitnet €1.72M

Net result €1.72M after 5 loss-making years.

31-07

NBB filing Annual accounts filed

fiscal year 2022 · full schema

2022

13-12

NBB filing Annual accounts filed

fiscal year 2021 · full schema · 135 days late

2021

14-12

NBB filing Annual accounts filed

fiscal year 2020 · full schema · 136 days late

2020

31-12

Financial Weakest financial yearnet €-541k

Net result drops to €-541k, the lowest in the series.

17-12

NBB filing Annual accounts filed

fiscal year 2019 · full schema · 139 days late

2019

30-08

NBB filing Annual accounts filed

fiscal year 2018 · full schema · 30 days late

2018

22-08

NBB filing Annual accounts filed

fiscal year 2017 · full schema · 22 days late

2017

23-08

NBB filing Annual accounts filed

fiscal year 2016 · full schema · 23 days late

2016

20-07

NBB filing Annual accounts filed

fiscal year 2015 · full schema

SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

12 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, Ukkel · 1 establishment unit since 1999

establishment The establishment unit on the map

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.

Waterloosesteenweg 11351180 Ukkel

Ground area

3,242 m²

Building footprint

818 m²

Volume, LiDAR

13,722 m³

Parcel 21612C0257/00V000, Brussels · tallest building 20.8 m, ±6 floors. Linked by address, not a title deed.

1 establishment unit

AGRIFOR

Waterloosesteenweg 1135, 1180 UkkelNACE 70201

since 19992.010.636.487

1 parcel

Brussels 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
21612C0257/00V000	Brussels	3,242 m²	1 · 817 m²	20.8 m · 6 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.

Insolvency mandates

2 mandates

Role	Name	Tenure
Curator	YSABELLE ENSCH AVENUE LOUISE 349 B 17, 1050 IXELLES	02-07-2026 → present
Curator	CHARLES-HENRI SPRINGUEL AVENUE LOUISE 349, 1050 IXELLES	02-07-2026 → present