AGROGREEN
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 21-05-2026 PDF all 24 filings
Equity
€13,248▼ 67.2%
2024 · €40,408
Total assets
€150,315▲ 93.3%
2024 · €77,757
Net result
-€27,159▼ 227%
2024 · -€8,306
Working capital
-€121,807▼ 371%
2024 · -€25,866
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
-€27,068
▼ 229%
2025
20182025
Net result
-€27,159
▼ 227%
2025
lowest quarter of the sector
20182025
Equity
€13,248
▼ 67.2%
2025
lowest quarter of the sector
20182025
Total assets
€150,315
▲ 93.3%
2025
middle half of the sector
20182025
Debt
€137,067
▲ 267%
2025
20182025
Working capital
-€121,807
▼ 371%
2025
lowest quarter of the sector
20182025
Solvency
8.8%
▼ 43.2pp
2025
middle half of the sector
20182025
Current ratio
0.11
▼ 0.20
2025
lowest quarter of the sector
20182025
Return on assets (ROA)
-18.1%
▼ 7.4pp
2025
lowest quarter of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€9,560--€2,642€671-€6,321-€20,533▼ 225%-€16,041▲ 21.9%-€8,229▲ 48.7%-€27,068▼ 229%
Net result€6,390--€2,784€509within the sector's middle half-€6,491below the sector's middle half-€20,562below the sector's middle half▼ 217%-€16,199below the sector's middle half▲ 21.2%-€8,306below the sector's middle half▲ 48.7%-€27,159below the sector's middle half▼ 227%
Equity€94,241-€91,457▼ 3.0%€91,966within the sector's middle half▲ 0.6%€85,475within the sector's middle half▼ 7.1%€64,913within the sector's middle half▼ 24.1%€48,714within the sector's middle half▼ 25.0%€40,408within the sector's middle half▼ 17.1%€13,248below the sector's middle half▼ 67.2%
Total assets€140,169-€104,201▼ 25.7%€103,315below the sector's middle half▼ 0.9%€103,139below the sector's middle half▼ 0.2%€83,486below the sector's middle half▼ 19.1%€73,949below the sector's middle half▼ 11.4%€77,757below the sector's middle half▲ 5.1%€150,315within the sector's middle half▲ 93.3%
Debt€45,928-€12,743▼ 72.3%€11,349▼ 10.9%€17,664▲ 55.6%€18,573▲ 5.1%€25,236▲ 35.9%€37,349▲ 48.0%€137,067▲ 267%
Working capital€10,513-€10,607▲ 0.9%€9,388within the sector's middle half▼ 11.5%€7,548within the sector's middle half▼ 19.6%-€8,957within the sector's middle half-€17,912within the sector's middle half▼ 100.0%-€25,866within the sector's middle half▼ 44.4%-€121,807below the sector's middle half▼ 371%
Solvency67.2%-87.8%▲ 20.5pp89.0%above the sector's middle half▲ 1.2pp82.9%above the sector's middle half▼ 6.1pp77.8%above the sector's middle half▼ 5.1pp65.9%above the sector's middle half▼ 11.9pp52.0%within the sector's middle half▼ 13.9pp8.8%within the sector's middle half▼ 43.2pp
Current ratio1.23-1.83▲ 0.601.83within the sector's middle half▼ 0.011.43within the sector's middle half▼ 0.400.52below the sector's middle half▼ 0.910.29below the sector's middle half▼ 0.230.31below the sector's middle half▲ 0.020.11below the sector's middle half▼ 0.20
Return on assets (ROA)4.6%--2.7%▼ 7.2pp0.5%within the sector's middle half▲ 3.2pp-6.3%below the sector's middle half▼ 6.8pp-24.6%below the sector's middle half▼ 18.3pp-21.9%below the sector's middle half▲ 2.7pp-10.7%below the sector's middle half▲ 11.2pp-18.1%below the sector's middle half▼ 7.4pp
above
within
below
The sector band is the middle half of the companies in Crop and animal production, hunting and related service activities (NACE 01). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is a loss of €27,068, larger than the loss of €8,229 in 2024. It is the lowest result since 2021.
Turnover and EBIT margin are not published. The micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €150,315
Fixed assets
€135,714 ▲ 105%
Current assets
€14,601 ▲ 27.2%
Equity and liabilities €150,315
Equity
€13,248 ▼ 67.2%
Debt
€137,067 ▲ 267%
Debt's share of the balance-sheet total rises from 48.0% to 91.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€18,134▼
2024 · -€3,119
Cash flow
-€18,226▼
2024 · -€3,196
Debt to equity
10.35▲
2024 · 0.92
ROE
-205.0%▼
2024 · -20.6%
Interest coverage
-405.96▼
2024 · -37.21
Debt ≤ 1 year
€136,408▲
2024 · €37,349
Income taxes
€63
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €2,537 | €2,875 | - | €4,640 | €78,374 |
| Depreciation and write-downs of the year | €7,187 | €6,933 | €7,126 | €5,110 | €8,934 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2022 to 2025 · 4 entries · €1,371 awarded · €1,371 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €366 | €366 |
| 2024 | 1 | €362 | €362 |
| 2023 | 1 | €325 | €325 |
| 2022 | 1 | €318 | €318 |
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €2,893 | €0 | - | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | - | - | - | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10,309 | €5,878 | €4,773 | €7,187 | €6,933 | €7,126 | €5,110 | €8,934 | ▲ 74.8% |
| Other operating charges640/8 | - | - | - | €1,666 | €830 | €1,140 | €1,407 | €3,841 | ▲ 173% |
| Gross operating margin9900 | €20,823 | €4,613 | €6,435 | €2,532 | -€12,771 | -€7,774 | -€1,712 | -€14,293 | ▼ 735% |
| Operating profit (loss)9901 | €9,560 | -€2,642 | €671 | -€6,321 | -€20,533 | -€16,041 | -€8,229 | -€27,068 | ▼ 229% |
| Financial income75/76B | - | - | - | - | - | - | €7 | €17 | ▲ 132% |
| Recurring financial income75 | - | €40 | - | - | - | - | €7 | €17 | ▲ 132% |
| Financial charges65/66B | - | - | - | €32 | €29 | €159 | €84 | €45 | ▼ 46.7% |
| Recurring financial charges65 | €31 | €23 | €27 | €32 | €29 | €159 | €84 | €45 | ▼ 46.7% |
| Profit (loss) for the period before taxes9903 | €9,529 | -€2,625 | €645 | -€6,353 | -€20,562 | -€16,199 | -€8,306 | -€27,096 | ▼ 226% |
| Income taxes67/77 | €3,139 | €159 | €136 | €138 | €0 | - | - | €63 | - |
| Profit (loss) for the period9904 | €6,390 | -€2,784 | €509 | -€6,491 | -€20,562 | -€16,199 | -€8,306 | -€27,159 | ▼ 227% |
| Profit (loss) for the period to be appropriated9905 | €6,390 | -€2,784 | €509 | -€6,491 | -€20,562 | -€16,199 | -€8,306 | -€27,159 | ▼ 227% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €140,169 | €104,201 | €103,315 | €103,139 | €83,486 | €73,949 | €77,757 | €150,315 | ▲ 93.3% |
| Fixed assets21/28 | €83,728 | €80,850 | €82,578 | €77,927 | €73,870 | €66,744 | €66,274 | €135,714 | ▲ 105% |
| Tangible fixed assets22/27 | €83,728 | €80,850 | €82,578 | €77,927 | €73,870 | €66,744 | €66,274 | €135,714 | ▲ 105% |
| Land and buildings22 | - | - | - | €71,802 | €68,473 | €65,144 | €63,512 | €60,130 | ▼ 5.3% |
| Plant, machinery and equipment23 | - | - | - | €5,042 | €4,675 | €1,239 | €247 | €0 | ▼ 100.0% |
| Furniture and vehicles24 | - | - | - | €1,083 | €722 | €361 | €2,515 | €75,584 | ▲ 30× |
| Current assets29/58 | €56,441 | €23,350 | €20,737 | €25,212 | €9,616 | €7,206 | €11,483 | €14,601 | ▲ 27.2% |
| Amounts receivable within one year40/41 | €2,157 | €4,149 | €5,809 | €1,930 | €5,476 | €5,856 | €1,308 | €1,052 | ▼ 19.6% |
| Trade receivables40 | - | - | - | €1,930 | €3,600 | €2,107 | €1,308 | €0 | ▼ 100% |
| Other amounts receivable41 | - | - | - | - | €1,876 | €3,749 | €0 | €1,052 | - |
| Cash at bank and in hand54/58 | €54,025 | €19,201 | €14,929 | €23,281 | €3,412 | €171 | €9,302 | €11,303 | ▲ 21.5% |
| Deferred charges and accrued income490/1 | - | - | - | - | €728 | €1,178 | €873 | €2,246 | ▲ 157% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €140,169 | €104,201 | €103,315 | €103,139 | €83,486 | €73,949 | €77,757 | €150,315 | ▲ 93.3% |
| Equity10/15 | €94,241 | €91,457 | €91,966 | €85,475 | €64,913 | €48,714 | €40,408 | €13,248 | ▼ 67.2% |
| Contributions10/11 | €61,979 | €61,979 | €61,979 | €61,979 | €61,979 | €61,979 | €61,979 | €61,979 | = |
| Capital10 | - | - | - | - | €61,979 | €61,979 | €61,979 | €61,979 | = |
| Issued capital100 | - | - | - | - | €61,979 | €61,979 | €61,979 | €61,979 | = |
| Reserves13 | €6,198 | €6,198 | €6,198 | €6,198 | €6,198 | €6,198 | €6,198 | €6,198 | = |
| Non-distributable reserves130/1 | - | - | - | €6,198 | €6,198 | €6,198 | €6,198 | €6,198 | = |
| Legal reserve130 | - | - | - | - | €6,198 | €6,198 | €6,198 | €6,198 | = |
| Reserves not available under the articles1311 | - | - | - | €6,198 | - | - | - | - | - |
| Profit (loss) carried forward14 | €26,064 | €23,281 | €23,789 | €17,299 | -€3,264 | -€19,463 | -€27,769 | -€54,928 | ▼ 97.8% |
| Amounts payable17/49 | €45,928 | €12,743 | €11,349 | €17,664 | €18,573 | €25,236 | €37,349 | €137,067 | ▲ 267% |
| Amounts payable within one year42/48 | €45,928 | €12,743 | €11,349 | €17,664 | €18,573 | €25,117 | €37,349 | €136,408 | ▲ 265% |
| Trade debts44 | €1,273 | €2,988 | €336 | €1,014 | €1,685 | €2,369 | €1,824 | €4,910 | ▲ 169% |
| Suppliers440/4 | - | - | - | €1,014 | €1,685 | €2,369 | €1,824 | €4,910 | ▲ 169% |
| Advances received on contracts in progress46 | - | - | - | - | - | €502 | €2,265 | €2,265 | = |
| Taxes, remuneration and social security45 | - | - | - | €900 | €138 | €59 | €762 | €63 | ▼ 91.7% |
| Taxes450/3 | - | - | - | €900 | €138 | €59 | €762 | €63 | ▼ 91.7% |
| Other amounts payable47/48 | - | - | - | €15,750 | €16,750 | €22,187 | €32,498 | €129,170 | ▲ 297% |
| Accrued charges and deferred income492/3 | - | - | - | - | - | €118 | €0 | €659 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €6,390 | -€2,784 | €509 | -€6,491 | -€20,562 | -€16,199 | -€8,306 | -€27,159 | ▼ 227% |
| + Depreciation and write-downs630 | €10,309 | €5,878 | €4,773 | €7,187 | €6,933 | €7,126 | €5,110 | €8,934 | ▲ 74.8% |
| Operating cash flow (approximation) | €16,699 | €3,094 | €5,281 | €696 | -€13,630 | -€9,074 | -€3,196 | -€18,226 | ▼ 470% |
| Investment in fixed assets (approximation) | - | -€3,000 | -€6,500 | -€2,537 | -€2,875 | €0 | -€4,640 | -€78,374 | ▼ 1,589% |
| Change in cash | - | -€34,825 | -€4,272 | €8,353 | -€19,869 | -€3,241 | €9,131 | €2,001 | ▼ 78.1% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 540 companies had the same profile as AGROGREEN has now. Two years later, 85.9% were still going and 5.2% had gone bankrupt.
- Micro
- 20 years or older
- solvency under 10%
- a loss of 10% of the balance sheet or more
85.9%
was still going
8.3%
stopped otherwise
5.2%
went bankrupt
Another 0.6% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of AGROGREEN itself is lower: 0.4% within 12 months. It rests on far more data about AGROGREEN than the profile alone.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 540 companies, not a prediction for AGROGREEN. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 24 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 21-05-2026 | 2026-00116716 | |
| 31-12-2024 | micro format | 02-06-2025 | 2025-00116255 | |
| 31-12-2023 | micro format | 25-06-2024 | 2024-00165768 | |
| 31-12-2022 | micro format | 25-07-2023 | 2023-00287580 | |
| 31-12-2021 | micro format | 30-08-2022 | 2022-20344990 | |
| 31-12-2020 | micro format | 31-08-2021 | 2021-58600167 | |
| 31-12-2019 | micro format | 01-09-2020 | 2020-51100268 | |
| 31-12-2018 | micro format | 27-06-2019 | 2019-23100271 | |
| 31-12-2017 | abbreviated format | 28-06-2018 | 2018-24600089 | |
| 31-12-2016 | abbreviated format | 31-08-2017 | 2017-52500045 |