AGRISTO

Active

Public limited companyfounded 198342 yrs activeRidder de Ghellinckstraat 9, 8710 Wielsbeke, BelgiumKBO/BCE: BE 0425.038.558

AGRISTO has been active since 1983 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €587.74M and a net result of €224.37M. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 73% of 6010 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (very low).

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Checked score

Score 2024

100 / 100

Excellent= vs 2023

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability100=

Solvency99▲+2

Growth84▼-1

Stability100

Bankruptcy probability, 12 months

0.5% Very low

0%0.5%1.5%4%10%≥ 25%

Credit up to €2M at 30 days acceptable

Liquidity ample (current ratio 5.57 against 5.07 in 2023), and 37% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

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

−lowers risk+raises risk○neutral

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Multiple establishment units

Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.

KBO · establishment units

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 10

Relative position

BE, all sectors

reference

Sector 10

higher

← fewer bankruptcies more bankruptcies →

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2024

Solvency, return and age of the figures

Solvency

63%

Return on assets

24%

Age of the figures

21 mo

Lower-risk legal form

Companies with this legal form statistically fail less often than a BV.

KBO · legal form

Growing equity

Equity grew over 2022-2024. Profits are largely retained rather than distributed.

NBB · annual accounts 2024

Equity per financial year

18192021222324

2018 to 2024 · latest year €587.7M

Filed more than 90 days late

The financial year that closed on 30-12-2024 was due by 30-07-2025 and was filed on 11-12-2025, 134 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 · 6 filings

Deviation from the deadline

2025

not confirmed

2024

134 d late

2023

118 d late

2022

16 d early

2021

15 d early

2020

17 d early

2019

16 d early

← before the deadline after the deadline →

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, statutory

Turnover

€1.34B▲ 5.9%

2023 · €1.27B

2018: €459.12M 2019: €557.73M 2020: €559.48M 2021: €622.98M 2022: €899.20M 2023: €1.27B

2018 → 2024

EBIT margin

22.8%▼ 0.1pp

2023 · 23.0%

2018: 4.1% 2019: 6.6% 2020: 8.0% 2021: 2.5% 2022: 12.5% 2023: 23.0%

2018 → 2024

Net result

€224.37M▲ 7.1%

2023 · €209.55M

2018: €14.12M 2019: €19.78M 2020: €27.72M 2021: €7.14M 2022: €76.15M 2023: €209.55M

2018 → 2024

Working capital

€596.18M▲ 37.7%

2023 · €433.09M

2018: €24.21M 2019: €40.57M 2020: €62.86M 2021: €53.15M 2022: €111.37M 2023: €433.09M

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Turnover€559.48M-€622.98M▲ 11.3%€899.20M▲ 44.3%€1.27B▲ 40.7%€1.34B▲ 5.9%

Equity€99.54M-€106.67M▲ 7.2%€182.83M▲ 71.4%€392.37M▲ 115%€587.74M▲ 49.8%

Operating result€44.86M-€15.27M▼ 66.0%€112.18M▲ 635%€290.62M▲ 159%€305.99M▲ 5.3%

Net result€27.72M-€7.14M▼ 74.2%€76.15M▲ 967%€209.55M▲ 175%€224.37M▲ 7.1%

Result per fiscal year

Operating resultNet result

After the dip in 2021 the operating result has climbed three years in a row; 2024 is 5% above 2023 and is the highest year so far.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €933.25M

22.1%

77.9%

Fixed assets €206.67M▲ 19.2%

Current assets €726.58M▲ 34.7%

Equity and liabilities €933.25M

63.0%

37.0%

Equity €587.74M▲ 49.8%

Debt €345.51M▲ 7.8%

The debt ratio falls from 45.0% to 37.0%: equity grows faster than debt.

Key figures and ratios

2024 value · change against 2023

EBITDA

€328.08M▲

2023 · €311.32M

Cash flow

€246.46M▲

2023 · €230.24M

Solvency

63.0%▲

2023 · 55.0%

Current ratio

5.57▲

2023 · 5.07

Quick ratio

4.47▲

2023 · 3.97

Debt / equity

0.59▼

2023 · 0.82

ROE

38.2%▼

2023 · 53.4%

ROA

24.0%▼

2023 · 29.4%

Interest coverage

27.99▼

2023 · 35.76

Debt

€345.51M▲

2023 · €320.60M

Debt ≤ 1 year

€130.40M▲

2023 · €106.45M

Debt > 1 year

€209.37M▼

2023 · €210.87M

Income taxes

€77.02M▲

2023 · €69.65M

Staff costs

€61.24M▲

2023 · €49.63M

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€712.97M€933.25M▲

Fixed assets21/28€173.44M€206.67M▲

Intangible fixed assets21€909k€850k▼

Tangible fixed assets22/27€149.66M€182.97M▲

Land and buildings22€31.23M€31.29M▲

Plant, machinery and equipment23€110.65M€96.69M▼

Furniture and vehicles24€1.93M€2.78M▲

Assets under construction and advance payments27€5.85M€52.20M▲

Financial fixed assets28€22.86M€22.85M=

Affiliated companies280/1€22.80M€22.74M▼

Participating interests280€21.96M€21.96M=

Amounts receivable281€839k€779k▼

Companies linked by participating interests282/3€56k€56k=

Participating interests282€56k€56k=

Other financial fixed assets284/8€7k€57k▲

Amounts receivable and cash guarantees285/8€7k€57k▲

Current assets29/58€539.54M€726.58M▲

Stocks and contracts in progress3€117.03M€143.37M▲

Stocks30/36€117.03M€143.37M▲

Raw materials and consumables30/31€11.67M€11.78M▲

Work in progress32€10.51M€11.78M▲

Finished goods33€94.29M€119.40M▲

Goods purchased for resale34€564k€400k▼

Amounts receivable within one year40/41€220.84M€331.06M▲

Trade receivables40€98.06M€224.17M▲

Other amounts receivable41€122.78M€106.89M▼

Current investments50/53-€103.73M

Other investments51/53-€103.73M

Cash at bank and in hand54/58€182.62M€117.15M▼

Deferred charges and accrued income490/1€19.04M€31.27M▲

Equity and liabilities

Total equity and liabilities10/49€712.97M€933.25M▲

Equity10/15€392.37M€587.74M▲

Contributions10/11€3.00M€3.00M=

Capital10€3.00M€3.00M=

Issued capital100€3.00M€3.00M=

Reserves13€33.42M€33.42M=

Non-distributable reserves130/1€300k€300k=

Legal reserve130€300k€300k=

Tax-exempt reserves132€29.77M€28.46M▼

Distributable reserves133€3.35M€4.66M▲

Profit (loss) carried forward14€355.95M€551.32M▲

Amounts payable17/49€320.60M€345.51M▲

Amounts payable after more than one year17€210.87M€209.37M▼

Financial debts170/4€210.87M€209.37M▼

Credit institutions173€210.87M€209.37M▼

Amounts payable within one year42/48€106.45M€130.40M▲

Current portion of amounts payable after more than one year42€1.47M€1.50M▲

Trade debts44€96.79M€108.21M▲

Suppliers440/4€96.79M€108.21M▲

Taxes, remuneration and social security45€7.16M€19.88M▲

Taxes450/3€1.09M€12.82M▲

Remuneration and social security454/9€6.06M€7.06M▲

Other amounts payable47/48€1.04M€807k▼

Accrued charges and deferred income492/3€3.29M€5.75M▲

Income statement Code20232024

Operating income70/76A€1.28B€1.38B▲

Turnover70€1.27B€1.34B▲

Change in stocks of work in progress, finished goods and contracts in progress71€10.79M€26.39M▲

Other operating income74€5.38M€9.77M▲

Non-recurring operating income76A€114k€8k▼

Operating charges60/66A€990.97M€1.07B▲

Goods for resale, raw materials and consumables60€705.91M€759.45M▲

Purchases600/8€704.98M€759.40M▲

Change in stocks: decrease (increase)609€935k€55k▼

Services and other goods61€213.86M€225.50M▲

Remuneration, social security and pensions62€49.63M€61.24M▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€20.70M€22.09M▲

Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€45k-

Other operating charges640/8€809k€1.54M▲

Non-recurring operating charges66A€20k€26k▲

Operating profit (loss)9901€290.62M€305.99M▲

Financial income75/76B€6.73M€13.57M▲

Recurring financial income75€6.73M€13.57M▲

Income from financial fixed assets750€835k€32k▼

Income from current assets751€8k€6.39M▲

Other financial income752/9€5.89M€7.15M▲

Financial charges65/66B€18.17M€18.18M▲

Recurring financial charges65€18.17M€18.18M▲

Debt charges650€8.71M€11.72M▲

Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651€1.16M-

Other financial charges652/9€8.30M€6.45M▼

Profit (loss) for the period before taxes9903€279.19M€301.38M▲

Income taxes67/77€69.65M€77.02M▲

Taxes670/3€69.65M€77.15M▲

Tax adjustments and reversals of tax provisions77-€131k

Profit (loss) for the period9904€209.55M€224.37M▲

Transfer from tax-exempt reserves789€850k€2.31M▲

Transfer to tax-exempt reserves689€1,000k€1,000k=

Profit (loss) for the period to be appropriated9905€209.40M€225.68M▲

Appropriation of the result

Profit (loss) to be appropriated9906€356.80M€581.63M▲

Profit (loss) brought forward from the previous period14P€147.40M€355.95M▲

Transfer to equity691/2€850k€1.31M▲

To other reserves6921€850k€1.31M▲

Profit to be distributed694/7-€29.00M

Return on contributions (dividend)694-€29.00M

Social balance

Average headcount (FTE)9087612.0717.4▲

The notes to these accounts (106 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 17Financial 6Gazette 1Filings 10

2026

14-08

State Gazette act Resignations & appointments

Board meeting · Director resignation · Director appointment28 facts ▸

Board meeting, 07/07/2026
Director resignation, LOGIFIN-IT (gedelegeerd bestuurder)
Director appointment, LOGIFIN-IT (bestuurder)
Power of attorney, LOGIFIN-IT
Power of attorney, VIACONTA
Power of attorney, EVOLVE TALENT
Power of attorney, STEJO
Power of attorney, LIMA-IT
Power of attorney, LOGIFIN-IT
Power of attorney, SV STRATEGY
Power of attorney, CEVADES
Power of attorney, VIERWEG
+16 further facts in this act

2025

11-12

NBB filing Annual accounts filed

fiscal year 2024 · full schema · 134 days late

2024

30-12

Financial Highest result since 2018net €224.37M ▲7.1%

Operating result €305.99M, net result €224.37M, both a record.

30-12

Financial Equity above €500MEq €587.74M ▲49.8%

7 profitable years in a row build equity to €587.74M.

25-11

NBB filing Annual accounts filed

fiscal year 2023 · full schema · 118 days late

25-11

NBB filing Annual accounts filed

fiscal year 2023 · consolidated · 118 days late

2023

30-12

Financial Liquidity triplescurrent ratio 5.07

Current ratio from 1.82 to 5.07; short-term debt falls from €135.89M to €106.45M.

30-12

Financial Equity above €250MEq €392.37M ▲115%

6 profitable years in a row build equity to €392.37M.

07-08

NBB filing Annual accounts filed

fiscal year 2022 · consolidated

14-07

NBB filing Annual accounts filed

fiscal year 2022 · full schema

2022

15-07

NBB filing Annual accounts filed

fiscal year 2021 · full schema

15-07

NBB filing Annual accounts filed

fiscal year 2021 · consolidated

2021

30-12

Financial Weakest financial yearnet €7.14M ▼74.2%

Net result drops to €7.14M, the lowest in the series; recovery starts the following year.

30-12

Financial Equity above €100MEq €106.67M ▲7.2%

4 profitable years in a row build equity to €106.67M.

13-07

NBB filing Annual accounts filed

fiscal year 2020 · full schema

13-07

NBB filing Annual accounts filed

fiscal year 2020 · consolidated

2020

14-07

NBB filing Annual accounts filed

fiscal year 2019 · full schema

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

1 director, no change since 2026

LOGIFIN-IT

Director · since 01-01-2026 · Private limited company · perm. rep.: Hannelore RAES

Current

01-01-2026 Appointed as Director

01-01-2026 Resigned as Managing director

Location & real-estate footprint

Registered office, Wielsbeke · 3 establishment units since 1984

establishment All 3 establishment units 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.

Ridder de Ghellinckstraat 98710 Wielsbeke

Ground area

26.3 ha

Building footprint

4.0 ha

Volume, LiDAR

98,947 m³

3 parcels, Flanders · tallest building 15.9 m, ±5 floors. Linked by address, not a title deed.

3 establishment units

AGRISTO NV

Waterstraat 40, 8531 HarelbekeNACE 1531101

since 19842.023.593.808

Agristo

Ridder de Ghellinckstraat 9, 8710 WielsbekeManufacture of food products

since 20162.258.799.705

Agristo

Venecoweg 12, 9810 Nazareth-De PinteManufacture of food products

since 20252.375.322.241

3 parcels

Flanders 3 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
37017B0010/00K002	Flanders	25.4 ha	1 · 3.2 ha	-
44048A0132/00T003	Flanders	7,608 m²	1 · 7,677 m²	15.9 m · 5 fl.
34017C0023/00H000	Flanders	890 m²	1 · 424 m²	8.3 m · 2 fl.