Summary
AGROFROST has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2023 annual accounts show equity of €485,962 and a net result of €13,031. Equity is growing by ~11.3% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
No current score
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Axes, FY 2023 · tick = 2022
Profitability20▼-53
Solvency65▲+5
Growth78=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2023Solvency, return and age of the figures
Solvency
39.9%
Return on assets
1.1%
Age of the figures
39 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 · Filed after the deadline
The financial year that closed on 30-06-2023 was due by 31-01-2024 and was filed on 20-02-2024, 20 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2023
20 d late
2022
75 d early
2021
40 d early
2020
26 d early
2019
42 d early
2018
27 d late
2017
26 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 23 days before the deadline; the Belgian median for financial year 2023 is 3 days before the deadline, and 40% of all filings were late.
Checked, nothing found (1)
History
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Financials · fiscal year 2023, abbreviated schema
Equity
€485,962▲ 2.8%
2022 · €472,931
Total assets
€1.2m▼ 10.5%
2022 · €1.4m
Net result
€13,031▼ 74.7%
2022 · €51,543
Working capital
€459,908▲ 6.0%
2022 · €433,742
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20192020202120222023
Operating result€60,972▲ 127%€152,570▲ 150%€64,138▼ 58.0%€76,214▲ 18.8%-€32,482
Net result€33,822▲ 776%€88,131▲ 161%€31,326▼ 64.5%€51,543▲ 64.5%€13,031▼ 74.7%
Equity€301,931▲ 12.6%€390,061▲ 29.2%€421,387▲ 8.0%€472,931▲ 12.2%€485,962▲ 2.8%
Total assets€2.5m▲ 20.3%€1.4m▼ 42.1%€1.7m▲ 21.0%€1.4m▼ 21.5%€1.2m▼ 10.5%
Debt€2.2m▲ 21.5%€1.0m▼ 52.0%€1.3m▲ 25.9%€889,408▼ 32.3%€732,926▼ 17.6%
Working capital€465,011▲ 73.8%€665,965▲ 43.2%€556,737▼ 16.4%€433,742▼ 22.1%€459,908▲ 6.0%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2023: a loss of €32,482 after €76,214 in 2022, the lowest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €1.2m
Fixed assets
€27,369 ▼ 30.2%
Current assets
€1.2m ▼ 9.9%
Equity and liabilities €1.2m
Equity
€485,962 ▲ 2.8%
Debt
€732,926 ▼ 17.6%
Debt's share of the balance-sheet total falls from 65.3% to 60.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
-€20,662▼
2022 · €103,498
Cash flow
€24,851▼
2022 · €78,827
Current ratio
1.63▲
2022 · 1.49
Quick ratio
1.58▲
2022 · 1.45
Debt to equity
1.51▼
2022 · 1.88
ROE
2.7%▼
2022 · 10.9%
ROA
1.1%▼
2022 · 3.8%
Interest coverage
-14.00▼
2022 · 13.42
Debt ≤ 1 year
€731,611▼
2022 · €889,408
Income taxes
€4,978▼
2022 · €17,864
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €48,342 | €59,304 | €56,134 | €27,284 | €11,820 | ▼ 56.7% |
| Non-recurring operating charges66A | - | - | - | €1,226 | - | - |
| Gross operating margin9900 | €109,314 | €211,874 | €120,271 | €104,724 | -€20,662 | ▼ 120% |
| Operating profit (loss)9901 | €60,972 | €152,570 | €64,138 | €76,214 | -€32,482 | ▼ 143% |
| Financial income75/76B | - | - | €9,745 | €906 | €51,966 | ▲ 5,635% |
| Recurring financial income75 | €17,526 | €3 | €9,745 | €906 | €51,966 | ▲ 5,635% |
| Financial charges65/66B | - | - | €32,922 | €7,713 | €1,476 | ▼ 80.9% |
| Recurring financial charges65 | €40,220 | €23,160 | €32,922 | €7,713 | €1,476 | ▼ 80.9% |
| Profit (loss) for the period before taxes9903 | €38,278 | €129,413 | €40,961 | €69,407 | €18,009 | ▼ 74.1% |
| Income taxes67/77 | €4,456 | €41,283 | €9,635 | €17,864 | €4,978 | ▼ 72.1% |
| Profit (loss) for the period9904 | €33,822 | €88,131 | €31,326 | €51,543 | €13,031 | ▼ 74.7% |
| Profit (loss) for the period to be appropriated9905 | €33,822 | €88,131 | €31,326 | €51,543 | €13,031 | ▼ 74.7% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.5m | €1.4m | €1.7m | €1.4m | €1.2m | ▼ 10.5% |
| Fixed assets21/28 | €141,209 | €136,708 | €185,650 | €39,188 | €27,369 | ▼ 30.2% |
| Intangible fixed assets21 | €102,400 | €104,939 | €147,947 | €29,536 | €22,543 | ▼ 23.7% |
| Tangible fixed assets22/27 | €38,810 | €31,769 | €37,704 | €9,652 | €4,826 | ▼ 50.0% |
| Plant, machinery and equipment23 | - | - | €37,704 | €9,652 | €4,826 | ▼ 50.0% |
| Current assets29/58 | €2.3m | €1.3m | €1.6m | €1.3m | €1.2m | ▼ 9.9% |
| Stocks and contracts in progress3 | €920,915 | €97,518 | €119,048 | €35,600 | €36,158 | ▲ 1.6% |
| Stocks30/36 | - | - | €119,048 | €35,600 | €36,158 | ▲ 1.6% |
| Amounts receivable within one year40/41 | €1.4m | €875,535 | €1.2m | €862,709 | €1.1m | ▲ 27.5% |
| Trade receivables40 | - | - | €1.2m | €861,597 | €1.1m | ▲ 26.3% |
| Other amounts receivable41 | - | - | €17,730 | €1,112 | €11,257 | ▲ 912% |
| Cash at bank and in hand54/58 | - | €324,379 | €200,003 | €424,841 | €55,536 | ▼ 86.9% |
| Deferred charges and accrued income490/1 | - | - | €3,660 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.5m | €1.4m | €1.7m | €1.4m | €1.2m | ▼ 10.5% |
| Equity10/15 | €301,931 | €390,061 | €421,387 | €472,931 | €485,962 | ▲ 2.8% |
| Contributions10/11 | €212,000 | €212,000 | €212,000 | €212,000 | €212,000 | = |
| Capital10 | - | - | €212,000 | €212,000 | €212,000 | = |
| Issued capital100 | - | - | €212,000 | €212,000 | €212,000 | = |
| Reserves13 | €89,931 | €178,061 | €209,387 | €260,931 | €273,962 | ▲ 5.0% |
| Non-distributable reserves130/1 | - | - | €17,543 | €20,120 | €20,771 | ▲ 3.2% |
| Legal reserve130 | - | - | €17,543 | €20,120 | €20,771 | ▲ 3.2% |
| Distributable reserves133 | - | - | €191,845 | €240,811 | €253,190 | ▲ 5.1% |
| Amounts payable17/49 | €2.2m | €1.0m | €1.3m | €889,408 | €732,926 | ▼ 17.6% |
| Amounts payable after more than one year17 | €300,000 | €400,000 | €300,000 | - | - | - |
| Financial debts170/4 | - | - | €300,000 | - | - | - |
| Amounts payable within one year42/48 | €1.9m | €631,467 | €993,562 | €889,408 | €731,611 | ▼ 17.7% |
| Current portion of amounts payable after more than one year42 | - | - | €49,289 | €27,883 | - | - |
| Trade debts44 | €80,466 | - | €5,743 | €153,199 | €21,269 | ▼ 86.1% |
| Suppliers440/4 | - | - | €5,743 | €153,199 | €21,269 | ▼ 86.1% |
| Taxes, remuneration and social security45 | - | - | €7,433 | €8,326 | €10,342 | ▲ 24.2% |
| Taxes450/3 | - | - | €7,433 | €8,326 | €10,342 | ▲ 24.2% |
| Other amounts payable47/48 | - | - | €931,097 | €700,000 | €700,000 | = |
| Accrued charges and deferred income492/3 | - | - | €21,000 | - | €1,315 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €33,822 | €88,131 | €31,326 | €51,543 | €13,031 | ▼ 74.7% |
| + Depreciation and write-downs630 | €48,342 | €59,304 | €56,134 | €27,284 | €11,820 | ▼ 56.7% |
| Operating cash flow (approximation) | €82,164 | €147,434 | €87,460 | €78,827 | €24,851 | ▼ 68.5% |
| Investment in fixed assets (approximation) | - | -€54,802 | -€105,076 | €119,178 | €0 | ▼ 100% |
| Change in cash | - | - | -€124,376 | €224,838 | -€369,305 | ▼ 264% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2024
20-02
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 20 days late
2023
17-05
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
21-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
05-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Highest result since 2018net €88,131 ▲161%
Operating result €152,570, net result €88,131, both a record.
19-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 27 days late
2018
05-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
27-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
11-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
07-07
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 9 acts read
About the unread acts
We know of 9 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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Directors · office · real estate
Directors
9 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, Brussel · 1 establishment unit since 2001
Ground area
4,653 m²
Building footprint
2,861 m²
Volume, LiDAR
80,518 m³
Parcel 21805E0475/00F000, Brussels · tallest building 34.5 m, ±9 floors. Linked by address, not a title deed.
355
companies at this address
See who is registered here
1 establishment unit
Establishment
since 20012.093.329.581
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21805E0475/00F000 | Brussels | 4,653 m² | 1 · 2,861 m² | 34.5 m · 9 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.
Identification & contact
Identification
Legal formPublic limited company
Founded08-05-2001
Fiscal year end30-06
E-invoicing
Not found in the Peppol register
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Register as of 28 September 2026 · Peppol Directory
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