AGRO DEVELOPMENTS
InactiveFinancials · financial year 2024, abbreviated format
Turnover
€156,000▼ 26.7%
2021 · €212,833
EBIT margin
28.7%▼ 4.5pp
2021 · 33.2%
Net result
€48,248▲ 14.7%
2023 · €42,074
Working capital
€118,529▲ 67.2%
2023 · €70,905
Trend over the years
2020 to 2024, 5 financial years 2018 to 2024, 7 financial years
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 8% above 2023.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Turnover€0.2m
2023
Operating result€0.05m
2024
Net result€0.05m
2024
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€0.3m
2024
Equity€0.3m
2024
Debt€0.01m
2024
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€0.1m
2024
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
EBIT margin28.7%
2023
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line2018201920202021202220232024
Turnover€0.6m-€0.2m▼ 59.0%€0.2m▲ 0.8%€0.2m▼ 9.3%€0.2m
Operating result€0.1m--€0.1m€0.1m€0.07m▼ 30.0%€0.03m▼ 58.7%€0.04m▲ 53.2%€0.05m▲ 8.1%
Net result€0.09m--€0.1m€0.09m€0.06m▼ 28.8%€0.02m▼ 59.6%€0.04m▲ 70.3%€0.05m▲ 14.7%
EBIT margin24.3%--44.1%▼ 68.4pp43.1%▲ 87.1pp33.2%▼ 9.8pp28.7%
Equity€0.2m-€0.06m▼ 66.0%€0.2m▲ 133%€0.2m▲ 40.6%€0.2m▲ 11.7%€0.3m▲ 17.8%€0.3m▲ 17.3%
Total assets€1.3m-€0.6m▼ 51.3%€0.5m▼ 16.8%€0.5m▼ 10.7%€0.4m▼ 10.4%€0.4m▼ 17.0%€0.3m▼ 4.2%
Debt€1.1m-€0.6m▼ 48.8%€0.4m▼ 33.7%€0.3m▼ 31.1%€0.2m▼ 28.3%€0.07m▼ 61.0%€0.01m▼ 86.0%
Working capital€0.1m-€0.08m▼ 43.2%€0.04m▼ 47.0%€0.04m▼ 9.9%€0.06m▲ 59.7%€0.07m▲ 10.0%€0.1m▲ 67.2%
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €337,019
Fixed assets
€208,271 ▼ 23.6%
Current assets
€128,748 ▲ 62.8%
Equity and liabilities €337,019
Equity
€326,800 ▲ 17.3%
Debt
€10,219 ▼ 86.0%
Debt's share of the balance-sheet total falls from 20.8% to 3.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€112,798▲
2023 · €109,161
Cash flow
€112,623▲
2023 · €106,449
Current ratio
12.60▲
2023 · 9.69
Debt to equity
0.03▼
2023 · 0.26
ROE
14.8%▼
2023 · 15.1%
ROA
14.3%▲
2023 · 12.0%
Interest coverage
over 100▲
2023 · 40.26
Debt ≤ 1 year
€10,219▲
2023 · €8,163
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Turnover70 | €567,675 | €232,787 | €234,698 | €212,833 | - | €156,000 | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €100,874 | - | €52,601 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €347,708 | €87,986 | €64,375 | €64,375 | €64,375 | €64,375 | €64,375 | = |
| Other operating charges640/8 | - | - | - | €676 | €1,086 | €945 | €808 | ▼ 14.5% |
| Non-recurring operating charges66A | - | - | - | €21 | €41 | - | - | - |
| Gross operating margin9900 | €486,425 | €184,637 | €166,698 | €135,804 | €94,741 | €110,106 | €113,606 | ▲ 3.2% |
| Operating profit (loss)9901 | €138,003 | -€102,643 | €101,044 | €70,733 | €29,239 | €44,786 | €48,423 | ▲ 8.1% |
| Financial income75/76B | - | - | - | - | - | - | €69 | - |
| Recurring financial income75 | - | - | - | - | - | - | €69 | - |
| Financial charges65/66B | - | - | - | €9,542 | €4,527 | €2,711 | €244 | ▼ 91.0% |
| Recurring financial charges65 | €50,609 | €22,722 | €15,074 | €9,542 | €4,527 | €2,711 | €244 | ▼ 91.0% |
| Profit (loss) for the period before taxes9903 | €87,394 | -€125,365 | €85,970 | €61,191 | €24,712 | €42,074 | €48,248 | ▲ 14.7% |
| Profit (loss) for the period9904 | €87,394 | -€125,365 | €85,970 | €61,191 | €24,712 | €42,074 | €48,248 | ▲ 14.7% |
| Profit (loss) for the period to be appropriated9905 | €87,394 | -€125,365 | €85,970 | €61,191 | €24,712 | €42,074 | €48,248 | ▲ 14.7% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €1.3m | €0.6m | €0.5m | €0.5m | €0.4m | €0.4m | €0.3m | ▼ 4.2% |
| Fixed assets21/28 | €1.0m | €0.5m | €0.5m | €0.4m | €0.3m | €0.3m | €0.2m | ▼ 23.6% |
| Tangible fixed assets22/27 | €0.8m | €0.4m | €0.3m | €0.3m | €0.2m | €0.1m | €0.06m | ▼ 51.2% |
| Plant, machinery and equipment23 | - | - | - | €0.3m | €0.2m | €0.1m | €0.06m | ▼ 51.2% |
| Financial fixed assets28 | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Current assets29/58 | €0.3m | €0.1m | €0.06m | €0.07m | €0.09m | €0.08m | €0.1m | ▲ 62.8% |
| Amounts receivable within one year40/41 | €0.3m | €0.08m | €0.05m | €0.03m | €0.07m | €0.02m | €0.02m | ▲ 1.3% |
| Trade receivables40 | - | - | - | €0.03m | €0.06m | €0.02m | €0.02m | ▲ 1.3% |
| Other amounts receivable41 | - | - | - | - | €0.004m | - | - | - |
| Cash at bank and in hand54/58 | €0.03m | €0.02m | €0.02m | €0.04m | €0.02m | €0.06m | €0.1m | ▲ 78.1% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €1.3m | €0.6m | €0.5m | €0.5m | €0.4m | €0.4m | €0.3m | ▼ 4.2% |
| Equity10/15 | €0.2m | €0.06m | €0.2m | €0.2m | €0.2m | €0.3m | €0.3m | ▲ 17.3% |
| Contributions10/11 | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | = |
| Reserves13 | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | = |
| Non-distributable reserves130/1 | - | - | - | €0.001m | €0.001m | €0.001m | €0.001m | = |
| Reserves not available under the articles1311 | - | - | - | €0.001m | €0.001m | €0.001m | €0.001m | = |
| Profit (loss) carried forward14 | -€0.1m | -€0.2m | -€0.1m | -€0.09m | -€0.06m | -€0.02m | €0.03m | - |
| Amounts payable17/49 | €1.1m | €0.6m | €0.4m | €0.3m | €0.2m | €0.07m | €0.01m | ▼ 86.0% |
| Amounts payable after more than one year17 | €1.0m | €0.6m | €0.4m | €0.2m | €0.2m | €0.07m | - | - |
| Financial debts170/4 | - | - | - | €0.2m | €0.2m | €0.07m | - | - |
| Amounts payable within one year42/48 | €0.2m | €0.02m | €0.02m | €0.03m | €0.02m | €0.008m | €0.01m | ▲ 25.2% |
| Trade debts44 | €0.1m | €0.009m | €0.007m | €0.01m | €0.02m | €0.006m | €0.004m | ▼ 26.0% |
| Suppliers440/4 | - | - | - | €0.01m | €0.02m | €0.006m | €0.004m | ▼ 26.0% |
| Taxes, remuneration and social security45 | - | - | - | €0.02m | €0.001m | €0.002m | €0.006m | ▲ 145% |
| Taxes450/3 | - | - | - | €0.008m | €0.001m | €0.002m | €0.006m | ▲ 145% |
| Remuneration and social security454/9 | - | - | - | €0.01m | - | - | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €87,394 | -€125,365 | €85,970 | €61,191 | €24,712 | €42,074 | €48,248 | ▲ 14.7% |
| + Depreciation and write-downs630 | €347,708 | €87,986 | €64,375 | €64,375 | €64,375 | €64,375 | €64,375 | = |
| Operating cash flow (approximation) | €435,102 | -€37,379 | €150,345 | €125,566 | €89,087 | €106,449 | €112,623 | ▲ 5.8% |
| Investment in fixed assets (approximation) | - | €373,056 | €0 | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€9,450 | -€9,182 | €29,349 | -€25,392 | €44,063 | €49,482 | ▲ 12.3% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 24 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2024 | abbreviated format | 22-07-2025 | 2025-00304076 |
| 31-12-2023 | abbreviated format | 17-06-2024 | 2024-00171633 |
| 31-12-2022 | abbreviated format | 20-06-2023 | 2023-00165117 |
| 31-12-2021 | abbreviated format | 17-06-2022 | 2022-20075420 |
| 31-12-2020 | abbreviated format | 28-01-2022 | 2022-04800266 |
| 31-12-2019 | abbreviated format | 31-08-2020 | 2020-48900497 |
| 31-12-2018 | abbreviated format | 23-08-2019 | 2019-51100120 |
| 31-12-2017 | abbreviated format | 31-08-2018 | 2018-62100478 |
| 31-12-2016 | abbreviated format | 31-08-2017 | 2017-60100434 |
| 31-12-2015 | abbreviated format | 31-08-2016 | 2016-58900315 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.