Agrofin
ActiveSummary
Agrofin has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €91,061 and a net result of €82,315. Equity is growing by ~22.5% per year across the filed fiscal years. Its solvency ranks better than 44% of 536 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Overview
What they do
Other research and development on natural sciences
NACE 72109NACE 72190
1 site
How big
€165,867total assets 2025
- Equity
- €91,061
- Profit
- €82,315
Turnover not published (abridged schema)
Who decides
Accounts 95 d early0 of 2 deeds read
Why 87- Higher-failure-rate region+ Lower-failure-rate sector+ Annual accounts: healthy financial profile+ Long track recordLatest accounts filed on timeShow the evidence
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency80▲+13
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7,000 at 30 days acceptable
Liquidity ample (current ratio 1.56 against 1.11 in 2024; short-term debt: 44.7% and cash: 31.1% of total assets), and 45.1% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 72
Relative position
BE, all sectors
reference
Scientific research and development (NACE 72)
about 30% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
54.9%
Return on assets
49.6%
Age of the figures
9 mo
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
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 27-04-2026, 95 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
95 d early
2024
50 d early
2023
27 d late
2022
11 d early
2021
16 d early
2020
38 d early
2019
37 d early
← 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 31 days before the deadline; the sector median for financial year 2024 is 13 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 15 July (4 of the last 5 filed years within 44 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · micro…
- Highest result since 2018net €82,315 ▲12.8%
- Annual accounts filedfiscal year 2024 · micro…
Financials
Fiscal year 2025Total assets €165,867Profit €82,315Solvency 54.9%Liquidity 1.56
Turnover
€90,979
2018
Net result
€82,315▲ 12.8%
2018 - 2025
Equity
€91,061▲ 55.0%
2018 - 2025
Solvency
54.9%▲ 13.2pp
2018 - 2025
Financials · fiscal year 2025, micro schema
Trend over the years
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 72, Scientific research and development, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover
Operating result€92,835▲ 292%€93,775▲ 1.0%€95,835▲ 2.2%€96,821▲ 1.0%€108,696▲ 12.3%
Net result€73,280within the sector's middle half▲ 397%€72,603within the sector's middle half▼ 0.9%€74,560within the sector's middle half▲ 2.7%€72,971within the sector's middle half▼ 2.1%€82,315within the sector's middle half▲ 12.8%
EBIT margin
Equity€58,626within the sector's middle half▲ 38.0%€45,514within the sector's middle half▼ 22.4%€15,775below the sector's middle half▼ 65.3%€58,746within the sector's middle half▲ 272%€91,061within the sector's middle half▲ 55.0%
Total assets€228,538within the sector's middle half▲ 153%€236,144within the sector's middle half▲ 3.3%€187,637within the sector's middle half▼ 20.5%€141,026within the sector's middle half▼ 24.8%€165,867within the sector's middle half▲ 17.6%
Debt€169,912▲ 257%€190,630▲ 12.2%€171,863▼ 9.8%€82,280▼ 52.1%€74,806▼ 9.1%
Working capital€8,464below the sector's middle half▼ 55.4%-€5,991below the sector's middle half-€36,409below the sector's middle half▼ 508%€9,205within the sector's middle half€41,231within the sector's middle half▲ 348%
Solvency25.7%below the sector's middle half▼ 21.5pp19.3%below the sector's middle half▼ 6.4pp8.4%below the sector's middle half▼ 10.9pp41.7%within the sector's middle half▲ 33.2pp54.9%within the sector's middle half▲ 13.2pp
Current ratio1.09below the sector's middle half▼ 0.320.96below the sector's middle half▼ 0.130.76below the sector's middle half▼ 0.201.11below the sector's middle half▲ 0.351.56within the sector's middle half▲ 0.44
Return on assets (ROA)32.1%above the sector's middle half▲ 15.7pp30.7%above the sector's middle half▼ 1.3pp39.7%above the sector's middle half▲ 9.0pp51.7%above the sector's middle half▲ 12.0pp49.6%above the sector's middle half▼ 2.1pp
above
within
below
the middle half (P25 to P75) of NACE 72, Scientific research and development, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result and balance sheet
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 12% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €165,867
Fixed assets
€50,464 ▲ 1.9%
Current assets
€115,403 ▲ 26.1%
Equity and liabilities €165,867
Equity
€91,061 ▲ 55.0%
Debt
€74,806 ▼ 9.1%
Debt's share of the balance-sheet total falls from 58.3% to 45.1%. Equity is higher and debt is lower.
Key figures and ratios
Key figures and ratios
EBITDA
€135,252▲
2024 · €123,463
Cash flow
€108,871▲
2024 · €99,614
Debt to equity
0.82▼
2024 · 1.40
ROE
90.4%▼
2024 · 124.2%
Interest coverage
76.51▲
2024 · 62.91
Debt ≤ 1 year
€74,172▼
2024 · €82,280
Income taxes
€26,128▲
2024 · €21,887
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,696 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.7%
went bankrupt
3.9%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.3% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 34,696 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Filed annual accounts
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €28,404 | €0 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €21,348 | €27,327 | €27,290 | €26,643 | €26,556 | ▼ 0.3% |
| Other operating charges640/8 | €4,348 | €2,397 | €1,766 | €3,305 | €1,138 | ▼ 65.6% |
| Non-recurring operating charges66A | - | - | - | €1,570 | €978 | ▼ 37.7% |
| Gross operating margin9900 | €118,531 | €123,498 | €124,891 | €128,339 | €137,368 | ▲ 7.0% |
| Operating profit (loss)9901 | €92,835 | €93,775 | €95,835 | €96,821 | €108,696 | ▲ 12.3% |
| Financial income75/76B | €0 | €1 | €1 | €0 | €1,514 | ▲ 7,571,050% |
| Recurring financial income75 | €0 | €1 | €1 | €0 | €1,514 | ▲ 7,571,050% |
| Financial charges65/66B | €1,601 | €1,504 | €1,266 | €1,963 | €1,768 | ▼ 9.9% |
| Recurring financial charges65 | €1,601 | €1,504 | €1,266 | €1,963 | €1,768 | ▼ 9.9% |
| Profit (loss) for the period before taxes9903 | €91,235 | €92,272 | €94,570 | €94,858 | €108,443 | ▲ 14.3% |
| Income taxes67/77 | €17,954 | €19,668 | €20,010 | €21,887 | €26,128 | ▲ 19.4% |
| Profit (loss) for the period9904 | €73,280 | €72,603 | €74,560 | €72,971 | €82,315 | ▲ 12.8% |
| Profit (loss) for the period to be appropriated9905 | €73,280 | €72,603 | €74,560 | €72,971 | €82,315 | ▲ 12.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €228,538 | €236,144 | €187,637 | €141,026 | €165,867 | ▲ 17.6% |
| Formation expenses20 | - | - | €388 | €0 | - | - |
| Fixed assets21/28 | €121,422 | €97,498 | €72,275 | €49,540 | €50,464 | ▲ 1.9% |
| Intangible fixed assets21 | €0 | - | - | - | - | - |
| Tangible fixed assets22/27 | €121,422 | €97,298 | €72,275 | €49,540 | €50,464 | ▲ 1.9% |
| Furniture and vehicles24 | €117,178 | €94,829 | €70,289 | €48,037 | €32,744 | ▼ 31.8% |
| Other tangible fixed assets26 | €4,244 | €2,469 | €1,986 | €1,503 | €17,720 | ▲ 1,079% |
| Financial fixed assets28 | - | €200 | €0 | - | - | - |
| Current assets29/58 | €107,115 | €138,646 | €114,974 | €91,485 | €115,403 | ▲ 26.1% |
| Amounts receivable within one year40/41 | €56,148 | €115,349 | €84,314 | €74,812 | €59,640 | ▼ 20.3% |
| Trade receivables40 | €48,510 | €96,800 | €83,240 | €53,240 | €25,248 | ▼ 52.6% |
| Other amounts receivable41 | €7,638 | €18,549 | €1,074 | €21,572 | €34,392 | ▲ 59.4% |
| Cash at bank and in hand54/58 | €45,350 | €17,751 | €23,188 | €11,745 | €51,581 | ▲ 339% |
| Deferred charges and accrued income490/1 | €5,617 | €5,546 | €7,472 | €4,929 | €4,183 | ▼ 15.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €228,538 | €236,144 | €187,637 | €141,026 | €165,867 | ▲ 17.6% |
| Equity10/15 | €58,626 | €45,514 | €15,775 | €58,746 | €91,061 | ▲ 55.0% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €27,010 | ▲ 1,352% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | - | - | - | €25,150 | - |
| Profit (loss) carried forward14 | €50,566 | €37,454 | €7,715 | €50,686 | €57,851 | ▲ 14.1% |
| Amounts payable17/49 | €169,912 | €190,630 | €171,863 | €82,280 | €74,806 | ▼ 9.1% |
| Amounts payable after more than one year17 | €71,261 | €45,992 | €20,479 | €0 | - | - |
| Financial debts170/4 | €71,261 | €45,992 | €20,479 | €0 | - | - |
| Amounts payable within one year42/48 | €98,651 | €144,638 | €151,383 | €82,280 | €74,172 | ▼ 9.9% |
| Current portion of amounts payable after more than one year42 | €25,026 | €25,268 | €25,513 | €20,479 | €0 | ▼ 100% |
| Financial debts43 | €246 | €159 | €106 | €74 | €203 | ▲ 174% |
| Credit institutions430/8 | €246 | €159 | €106 | €74 | €203 | ▲ 174% |
| Trade debts44 | €4,672 | €9,091 | €7,608 | €10,043 | €6,623 | ▼ 34.1% |
| Suppliers440/4 | €4,672 | €9,091 | €7,608 | €10,043 | €6,623 | ▼ 34.1% |
| Taxes, remuneration and social security45 | €28,078 | €24,404 | €13,525 | €21,684 | €17,346 | ▼ 20.0% |
| Taxes450/3 | €28,078 | €24,404 | €13,525 | €21,684 | €17,346 | ▼ 20.0% |
| Other amounts payable47/48 | €40,629 | €85,715 | €104,631 | €30,000 | €50,000 | ▲ 66.7% |
| Accrued charges and deferred income492/3 | €0 | - | - | - | €634 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €73,280 | €72,603 | €74,560 | €72,971 | €82,315 | ▲ 12.8% |
| + Depreciation and write-downs630 | €21,348 | €27,327 | €27,290 | €26,643 | €26,556 | ▼ 0.3% |
| Operating cash flow (approximation) | €94,628 | €99,930 | €101,850 | €99,614 | €108,871 | ▲ 9.3% |
| Investment in fixed assets (approximation) | - | -€3,402 | -€2,067 | -€3,908 | -€27,479 | ▼ 603% |
| Change in cash | - | -€27,599 | €5,437 | -€11,443 | €39,836 | ▲ 448% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Comparable companies
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Leuven · Eq €89,958
AnaLIStics
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Fédération européenne des Ports intérieurs - Europese Vereniging van Binnenhavens
BE 0457.151.793
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Koios Care
BE 0786.830.148
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Of 1,178 companies in this sector we hold annual accounts for 718. 435 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Timeline
12 eventsLatest 27-04-2026Next filing 31-07-2027
History
Acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
27-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €82,315 ▲12.8%
Operating result €108,696, net result €82,315, both a record.
11-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 27 days late
2023
20-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
15-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
23-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
24-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €29,726
Net result €29,726 after one loss-making year.
19-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 28 days late
2017
25-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 25 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Company details
Private limited company · founded 10-01-2012Year ends 31-12Peppol reachable1 site
Register details
Identification
Legal formPrivate limited company
Founded10-01-2012
Fiscal year end31-12
Activities, NACEBEL 2025
72109Other research and development on natural sciences
46180Agents specialised in the wholesale of other particular products
E-invoicing
Reachable via Peppol
Peppol ID
0208:0842567734
Also
9925:BE0842567734
Registered
24-11-2023
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Sites & property
Location & real-estate footprint
Registered office, La Hulpe · 1 establishment unit since 2012
Ground area
1,957 m²
Building footprint
195 m²
Volume, LiDAR
1,249 m³
Parcel 25050C0055/00A000, Wallonia · tallest building 9.3 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Agrofin
since 2012unit no. 2.206.287.764
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25050C0055/00A000 | Wallonia | 1,956 m² | 1 · 195 m² | 9.3 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
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