AGROWORKS
ActiveSummary
AGROWORKS has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €266k and a net result of €9k. Equity is growing by ~17.3% per year across the filed fiscal years. Its solvency ranks better than 62% of 3136 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability71▲+2
Solvency72▼-1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €19k at 30 days acceptable
Liquidity ample (current ratio 2.46 against 2.41 in 2024; short-term debt: 19.4% and cash: 0.4% of total assets), but 52.6% of the assets are financed with debt.
Credit check for your own amount and term
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 01
Relative position
BE, all sectors
reference
Crop and animal production, hunting and related service activities (NACE 01)
about 70% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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
47.4%
Return on assets
1.6%
Age of the figures
9 mo
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 30-06-2026, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
31 d early
2024
65 d early
2023
104 d early
2022
5 d early
2021
37 d early
2020
16 d early
2019
1 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€9k▲ 384%
2024 · €2k
2018: €70lowest in 8 years
2019: €14k▲ +20303% vs 2018
2020: €12k▼ -16.8% vs 2019
2021: €78k▲ +550% vs 2020highest in 8 years
2022: €34k▼ -55.8% vs 2021
2023: €63k▲ +82.2% vs 2022
2024: €2k▼ -97.0% vs 2023
2025: €9k▲ +384% vs 2024
2018 → 2025
Working capital
€159k▲ 35.3%
2024 · €117k
2018: €-25k
2019: €3k▲ +111% vs 2018
2020: €45k▲ +1510% vs 2019
2021: €70k▲ +55.9% vs 2020
2022: €-119k▼ -271% vs 2021lowest in 8 years
2023: €147k▲ +223% vs 2022
2024: €117k▼ -20.2% vs 2023
2025: €159k▲ +35.3% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€163k-€193k▲ 18.4%€255k▲ 31.7%€257k▲ 0.7%€266k▲ 3.5%
2021: €163klowest in 5 years
2022: €193k▲ +18.4% vs 2021
2023: €255k▲ +31.7% vs 2022
2024: €257k▲ +0.7% vs 2023
2025: €266k▲ +3.5% vs 2024highest in 5 years
Operating result€99k-€24k▼ 75.5%€66k▲ 173%€9k▼ 87.0%€17k▲ 94.7%
2021: €99khighest in 5 years
2022: €24k▼ -75.5% vs 2021
2023: €66k▲ +173% vs 2022
2024: €9k▼ -87.0% vs 2023lowest in 5 years
2025: €17k▲ +94.7% vs 2024
Net result€78k-€34k▼ 55.8%€63k▲ 82.2%€2k▼ 97.0%€9k▲ 384%
2021: €78khighest in 5 years
2022: €34k▼ -55.8% vs 2021
2023: €63k▲ +82.2% vs 2022
2024: €2k▼ -97.0% vs 2023lowest in 5 years
2025: €9k▲ +384% vs 2024
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 95% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €561k
Fixed assets
€293k ▼ 13.6%
Current assets
€267k ▲ 33.4%
Equity and liabilities €561k
Equity
€266k ▲ 3.5%
Provisions
€10k ▼ 29.6%
Debt
€285k ▲ 6.0%
Debt's share of the balance-sheet total rises from 49.8% to 50.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€112k▲
2024 · €109k
Cash flow
€105k▲
2024 · €103k
Current ratio
2.46▲
2024 · 2.41
Quick ratio
2.41▲
2024 · 2.29
Debt to equity
1.07▲
2024 · 1.05
ROE
3.4%▲
2024 · 0.7%
ROA
1.6%▲
2024 · 0.3%
Interest coverage
14.54▲
2024 · 13.50
Debt ≤ 1 year
€109k▲
2024 · €83k
Debt > 1 year
€176k▼
2024 · €185k
Income taxes
€6k▲
2024 · €5k
Staff costs
€11k▲
2024 · €5k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 52 lines
Balance sheet
Code20242025
Assets
Total assets20/58€540k€561k▲
Fixed assets21/28€339k€293k▼
Tangible fixed assets22/27€339k€293k▼
Plant, machinery and equipment23€101k€67k▼
Furniture and vehicles24€239k€227k▼
Current assets29/58€201k€267k▲
Stocks and contracts in progress3€10k€5k▼
Stocks30/36€10k€5k▼
Amounts receivable within one year40/41€127k€254k▲
Trade receivables40€82k€226k▲
Other amounts receivable41€45k€28k▼
Cash at bank and in hand54/58€59k€2k▼
Deferred charges and accrued income490/1€5k€7k▲
Equity and liabilities
Total equity and liabilities10/49€540k€561k▲
Equity10/15€257k€266k▲
Contributions10/11€19k€19k=
Reserves13€238k€247k▲
Tax-exempt reserves132€44k€31k▼
Distributable reserves133€194k€216k▲
Provisions and deferred taxes16€15k€10k▼
Deferred taxes168€15k€10k▼
Amounts payable17/49€269k€285k▲
Amounts payable after more than one year17€185k€176k▼
Financial debts170/4€185k€176k▼
Amounts payable within one year42/48€83k€109k▲
Current portion of amounts payable after more than one year42€52k€58k▲
Trade debts44€15k€7k▼
Suppliers440/4€15k€7k▼
Taxes, remuneration and social security45€1k€1k▲
Taxes450/3€224€564▲
Remuneration and social security454/9€929€633▼
Other amounts payable47/48€15k€43k▲
Income statement
Code20242025
Non-recurring operating income76A€5k€0▼
Remuneration, social security and pensions62€5k€11k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€101k€96k▼
Other operating charges640/8€1k€615▼
Non-recurring operating charges66A-€3k
Gross operating margin9900€116k€127k▲
Operating profit (loss)9901€9k€17k▲
Financial income75/76B€2k€1k▼
Recurring financial income75€2k€1k▼
Financial charges65/66B€8k€8k▼
Recurring financial charges65€8k€8k▼
Profit (loss) for the period before taxes9903€2k€10k▲
Transfer from deferred taxes780€4k€4k=
Income taxes67/77€5k€6k▲
Profit (loss) for the period9904€2k€9k▲
Transfer from tax-exempt reserves789€13k€13k=
Profit (loss) for the period to be appropriated9905€15k€22k▲
Appropriation of the result
Profit (loss) to be appropriated9906€15k€22k▲
Transfer to equity691/2€15k€22k▲
To other reserves6921€15k€22k▲
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €122k | €0 | - | €5k | €0 | ▼ 100% |
| Remuneration, social security and pensions62 | €28k | €30k | €32k | €5k | €11k | ▲ 98.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €52k | €67k | €108k | €101k | €96k | ▼ 5.0% |
| Other operating charges640/8 | €747 | €783 | €692 | €1k | €615 | ▼ 56.5% |
| Non-recurring operating charges66A | - | - | - | - | €3k | - |
| Gross operating margin9900 | €180k | €122k | €207k | €116k | €127k | ▲ 9.5% |
| Operating profit (loss)9901 | €99k | €24k | €66k | €9k | €17k | ▲ 94.7% |
| Financial income75/76B | €4k | €4k | €2k | €2k | €1k | ▼ 25.8% |
| Recurring financial income75 | €4k | €4k | €2k | €2k | €1k | ▼ 25.8% |
| Financial charges65/66B | €625 | €2k | €10k | €8k | €8k | ▼ 4.5% |
| Recurring financial charges65 | €625 | €2k | €10k | €8k | €8k | ▼ 4.5% |
| Profit (loss) for the period before taxes9903 | €102k | €27k | €58k | €2k | €10k | ▲ 363% |
| Transfer from deferred taxes780 | €6k | €8k | €4k | €4k | €4k | = |
| Transfer to deferred taxes680 | €31k | €0 | - | - | - | - |
| Income taxes67/77 | €0 | - | €224 | €5k | €6k | ▲ 18.2% |
| Profit (loss) for the period9904 | €78k | €34k | €63k | €2k | €9k | ▲ 384% |
| Transfer from tax-exempt reserves789 | €14k | €19k | €13k | €13k | €13k | = |
| Transfer to tax-exempt reserves689 | €92k | €0 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €584 | €54k | €76k | €15k | €22k | ▲ 48.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €387k | €639k | €625k | €540k | €561k | ▲ 3.8% |
| Fixed assets21/28 | €283k | €475k | €390k | €339k | €293k | ▼ 13.6% |
| Tangible fixed assets22/27 | €283k | €475k | €390k | €339k | €293k | ▼ 13.6% |
| Plant, machinery and equipment23 | €62k | €137k | €105k | €101k | €67k | ▼ 33.9% |
| Furniture and vehicles24 | €221k | €338k | €285k | €239k | €227k | ▼ 5.0% |
| Current assets29/58 | €104k | €164k | €235k | €201k | €267k | ▲ 33.4% |
| Stocks and contracts in progress3 | €2k | €4k | €4k | €10k | €5k | ▼ 52.1% |
| Stocks30/36 | €2k | €4k | €4k | €10k | €5k | ▼ 52.1% |
| Amounts receivable within one year40/41 | €16k | €57k | €186k | €127k | €254k | ▲ 100% |
| Trade receivables40 | €12k | €52k | €128k | €82k | €226k | ▲ 177% |
| Other amounts receivable41 | €4k | €5k | €58k | €45k | €28k | ▼ 38.0% |
| Cash at bank and in hand54/58 | €82k | €99k | €40k | €59k | €2k | ▼ 96.3% |
| Deferred charges and accrued income490/1 | €4k | €5k | €5k | €5k | €7k | ▲ 38.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €387k | €639k | €625k | €540k | €561k | ▲ 3.8% |
| Equity10/15 | €163k | €193k | €255k | €257k | €266k | ▲ 3.5% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €139k | €174k | €236k | €238k | €247k | ▲ 3.8% |
| Non-distributable reserves130/1 | €2k | €2k | €0 | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | €0 | - | - | - |
| Tax-exempt reserves132 | €90k | €70k | €57k | €44k | €31k | ▼ 29.6% |
| Distributable reserves133 | €48k | €102k | €179k | €194k | €216k | ▲ 11.4% |
| Investment grants15 | €6k | €1k | €0 | - | - | - |
| Provisions and deferred taxes16 | €31k | €23k | €19k | €15k | €10k | ▼ 29.6% |
| Deferred taxes168 | €31k | €23k | €19k | €15k | €10k | ▼ 29.6% |
| Amounts payable17/49 | €193k | €423k | €351k | €269k | €285k | ▲ 6.0% |
| Amounts payable after more than one year17 | €158k | €139k | €263k | €185k | €176k | ▼ 5.1% |
| Financial debts170/4 | €158k | €139k | €263k | €185k | €176k | ▼ 5.1% |
| Amounts payable within one year42/48 | €35k | €283k | €89k | €83k | €109k | ▲ 30.7% |
| Current portion of amounts payable after more than one year42 | €22k | €29k | €57k | €52k | €58k | ▲ 9.9% |
| Trade debts44 | €7k | €230k | €13k | €15k | €7k | ▼ 51.6% |
| Suppliers440/4 | €7k | €230k | €13k | €15k | €7k | ▼ 51.6% |
| Taxes, remuneration and social security45 | €6k | €4k | €5k | €1k | €1k | ▲ 3.8% |
| Taxes450/3 | €3k | €771 | €2k | €224 | €564 | ▲ 152% |
| Remuneration and social security454/9 | €3k | €3k | €4k | €929 | €633 | ▼ 31.8% |
| Other amounts payable47/48 | €105 | €20k | €13k | €15k | €43k | ▲ 185% |
| Accrued charges and deferred income492/3 | €160 | €200 | €0 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €78k | €34k | €63k | €2k | €9k | ▲ 384% |
| + Depreciation and write-downs630 | €52k | €67k | €108k | €101k | €96k | ▼ 5.0% |
| Operating cash flow (approximation) | €130k | €102k | €171k | €103k | €105k | ▲ 2.1% |
| Investment in fixed assets (approximation) | - | €-260k | €-22k | €-50k | €-50k | ▲ 1.6% |
| Change in cash | - | €17k | €-59k | €20k | €-57k | ▼ 390% |
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
Next filing, fiscal year 2026, expected by
2026
30-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
27-05
NBB filing
Annual accounts filed
fiscal year 2024 · unclassified schema
2024
18-04
NBB filing
Annual accounts filed
fiscal year 2023 · unclassified schema
2023
31-12
Financial
Liquidity times 5current ratio 2.66
Current ratio from 0.58 to 2.66; short-term debt falls from €283k to €89k.
31-12
Financial
Equity above €200kEq €255k ▲31.7%
6 profitable years in a row build equity to €255k.
26-07
NBB filing
Annual accounts filed
fiscal year 2022 · unclassified schema
2022
24-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €78k ▲550%
Operating result €99k, net result €78k, both a record.
31-12
Financial
Equity above €150kEq €163k ▲81.7%
4 profitable years in a row build equity to €163k.
15-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Liquidity doublescurrent ratio 1.09
Current ratio from 0.53 to 1.09; short-term debt falls from €53k to €31k.
Show earlier events
04-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
05-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
06-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Raeren · 1 establishment unit since 1997
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.
Göhlstrasse 54730 RaerenGround area
1,378 m²
Building footprint
138 m²
Volume, LiDAR
825 m³
Parcel 73061B0122/00B000, Flanders · tallest building 8.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Herckenrodestraat(Oph.) 42, 3870 Heers
since 19972.079.800.358
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73061B0122/00B000 | Flanders | 1,378 m² | 1 · 138 m² | 8.1 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteHeers2.079.800.358
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Of 4,676 companies in sector 01610 we hold annual accounts for 1,369. 1,133 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded16-12-1996
Fiscal year end31-12
Activities, NACEBEL 2025
01610Support activities for crop production
01620Support activities for animal production
Scores and ratios are computed by Checked and are not a credit decision.