BAGRIX
ActiveSummary
BAGRIX has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €90,313 and a net result of €568. Equity remains stable across the filed fiscal years (±1.7% per year). Its solvency ranks better than 24% of 3163 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability28▲+13
Solvency33=
Growth38▲+16
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5,000 at 30 days acceptable
Liquidity tight (current ratio 1.11 against 2.19 in 2024; short-term debt: 20.2% and cash: 0% of total assets), and 92% of the assets are financed with debt.
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Signals
Six 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
8%
Return on assets
0.1%
Age of the figures
15 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 3163 sector peers (2025).
NBB · sector comparisonPosition among 3163 sector peers
Solvency
better than 24%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 30-01-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
on the day
2023
on the day
2022
on the day
2021
4 d early
2020
2 d early
2019
on the day
← 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 1 day before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 37% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close28-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€35,762▲ 8.0%
2022 · €33,101
EBIT margin
28.5%▼ 28.7pp
2022 · 57.2%
Net result
€568
2024 · -€38,235
Working capital
€24,241▼ 84.2%
2024 · €153,359
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 01, Crop and animal production, hunting and related service activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€121,454▲ 40.3%€33,101▼ 72.7%€35,762▲ 8.0%
Operating result€12,836€18,946▲ 47.6%€10,193▼ 46.2%-€22,850€35,724
Net result€11,159within the sector's middle half€12,816within the sector's middle half▲ 14.8%€5,825within the sector's middle half▼ 54.6%-€38,235below the sector's middle half€568within the sector's middle half
EBIT margin10.6%▲ 23.9pp57.2%▲ 46.7pp28.5%▼ 28.7pp
Equity€109,340within the sector's middle half▲ 11.4%€122,156within the sector's middle half▲ 11.7%€127,981within the sector's middle half▲ 4.8%€89,746within the sector's middle half▼ 29.9%€90,313within the sector's middle half▲ 0.6%
Total assets€250,729within the sector's middle half▲ 32.9%€263,248within the sector's middle half▲ 5.0%€361,541within the sector's middle half▲ 37.3%€1.2mabove the sector's middle half▲ 219%€1.1mabove the sector's middle half▼ 2.4%
Debt€141,388▲ 56.3%€141,092▼ 0.2%€233,560▲ 65.5%€1.1m▲ 355%€1.0m▼ 2.7%
Working capital€103,151above the sector's middle half▲ 12.5%€206,365above the sector's middle half▲ 100%€133,231above the sector's middle half▼ 35.4%€153,359above the sector's middle half▲ 15.1%€24,241within the sector's middle half▼ 84.2%
Solvency43.6%within the sector's middle half▼ 8.4pp46.4%within the sector's middle half▲ 2.8pp35.4%within the sector's middle half▼ 11.0pp7.8%below the sector's middle half▼ 27.6pp8.0%below the sector's middle half▲ 0.2pp
Current ratio1.76within the sector's middle half▼ 0.425.05above the sector's middle half▲ 3.291.90within the sector's middle half▼ 3.162.19within the sector's middle half▲ 0.301.11within the sector's middle half▼ 1.09
Return on assets (ROA)4.5%within the sector's middle half▲ 11.2pp4.9%within the sector's middle half▲ 0.4pp1.6%within the sector's middle half▼ 3.3pp-3.3%below the sector's middle half▼ 4.9pp0.1%within the sector's middle half▲ 3.4pp
Staff (FTE)1▼ 63.0%
above
within
below
the middle half (P25 to P75) of NACE 01, Crop and animal production, hunting and related service activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €35,724 after a loss of €22,850 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.1m
Fixed assets
€873,198 ▲ 0.3%
Current assets
€251,026 ▼ 10.9%
Equity and liabilities €1.1m
Equity
€90,313 ▲ 0.6%
Debt
€1.0m ▼ 2.7%
Debt's share of the balance-sheet total falls from 92.2% to 92.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€39,983▲
2024 · -€18,710
Cash flow
€4,827▲
2024 · -€34,095
Quick ratio
0.79▼
2024 · 1.83
Debt to equity
11.45▼
2024 · 11.84
ROE
0.6%▲
2024 · -42.6%
Interest coverage
1.14▲
2024 · -1.22
Debt ≤ 1 year
€226,785▲
2024 · €128,369
Debt > 1 year
€807,126▼
2024 · €933,916
Staff costs
€570
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,214 companies that looked in July 2024 the way this one looks now, 1.2% went bankrupt within 24 months and 96% are still going.
- Small
- 20 years or older
- solvency under 10%
- a profit under 5% of the balance sheet
1.2%
went bankrupt
2.6%
stopped otherwise
96%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.1% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 1,214 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.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €121,454 | €33,101 | €35,762 | - | - | - |
| Non-recurring operating income76A | - | - | €1,800 | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €57,441 | €82,303 | - | - | - |
| Remuneration, social security and pensions62 | - | -€5 | - | - | €570 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,671 | €6,671 | €2,555 | €4,140 | €4,259 | ▲ 2.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €105,189 | - | - |
| Other operating charges640/8 | - | €1,125 | €1,036 | €4,017 | €856 | ▼ 78.7% |
| Gross operating margin9900 | €22,316 | €26,736 | €13,784 | €90,496 | €41,410 | ▼ 54.2% |
| Operating profit (loss)9901 | €12,836 | €18,946 | €10,193 | -€22,850 | €35,724 | ▲ 256% |
| Financial charges65/66B | - | €1,298 | €1,928 | €15,385 | €35,156 | ▲ 129% |
| Recurring financial charges65 | €1,241 | €1,298 | €1,928 | €15,385 | €35,156 | ▲ 129% |
| Profit (loss) for the period before taxes9903 | €11,595 | €17,648 | €8,265 | -€38,235 | €568 | ▲ 101% |
| Income taxes67/77 | €436 | €4,832 | €2,440 | - | - | - |
| Profit (loss) for the period9904 | €11,159 | €12,816 | €5,825 | -€38,235 | €568 | ▲ 101% |
| Profit (loss) for the period to be appropriated9905 | €11,159 | €12,816 | €5,825 | -€38,235 | €568 | ▲ 101% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €250,729 | €263,248 | €361,541 | €1.2m | €1.1m | ▼ 2.4% |
| Fixed assets21/28 | €12,622 | €5,951 | €79,476 | €870,302 | €873,198 | ▲ 0.3% |
| Tangible fixed assets22/27 | €9,275 | €2,604 | €76,129 | €866,956 | €869,852 | ▲ 0.3% |
| Land and buildings22 | - | - | €73,861 | €865,024 | €868,255 | ▲ 0.4% |
| Plant, machinery and equipment23 | - | €2,604 | €2,268 | €1,932 | €1,596 | ▼ 17.4% |
| Financial fixed assets28 | €3,347 | €3,347 | €3,347 | €3,347 | €3,347 | = |
| Current assets29/58 | €238,107 | €257,297 | €282,065 | €281,728 | €251,026 | ▼ 10.9% |
| Stocks and contracts in progress3 | - | €10,000 | €33,787 | €46,787 | €72,447 | ▲ 54.8% |
| Stocks30/36 | - | €10,000 | €33,787 | €46,787 | €72,447 | ▲ 54.8% |
| Amounts receivable within one year40/41 | €237,964 | €247,270 | €246,436 | €228,994 | €178,300 | ▼ 22.1% |
| Trade receivables40 | - | €95,260 | €111,627 | €58,182 | €74,435 | ▲ 27.9% |
| Other amounts receivable41 | - | €152,010 | €134,809 | €170,812 | €103,864 | ▼ 39.2% |
| Cash at bank and in hand54/58 | €143 | €27 | €1,842 | €5,947 | €280 | ▼ 95.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €250,729 | €263,248 | €361,541 | €1.2m | €1.1m | ▼ 2.4% |
| Equity10/15 | €109,340 | €122,156 | €127,981 | €89,746 | €90,313 | ▲ 0.6% |
| Contributions10/11 | €17,311 | €17,311 | €17,311 | €17,311 | €17,311 | = |
| Capital10 | - | €17,311 | €17,311 | - | - | - |
| Issued capital100 | - | €49,500 | €49,500 | - | - | - |
| Uncalled capital101 | - | €32,189 | €32,189 | - | - | - |
| Reserves13 | €4,950 | €4,950 | €4,950 | €4,950 | €4,950 | = |
| Non-distributable reserves130/1 | - | €4,950 | €4,950 | - | - | - |
| Legal reserve130 | - | €4,950 | €4,950 | - | - | - |
| Distributable reserves133 | - | - | - | €4,950 | €4,950 | = |
| Profit (loss) carried forward14 | €87,079 | €99,895 | €105,720 | €67,485 | €68,052 | ▲ 0.8% |
| Amounts payable17/49 | €141,388 | €141,092 | €233,560 | €1.1m | €1.0m | ▼ 2.7% |
| Amounts payable after more than one year17 | €6,432 | €90,159 | €84,726 | €933,916 | €807,126 | ▼ 13.6% |
| Financial debts170/4 | - | - | - | €775,657 | €756,347 | ▼ 2.5% |
| Other amounts payable178/9 | - | €90,159 | €84,726 | €158,259 | €50,779 | ▼ 67.9% |
| Amounts payable within one year42/48 | €134,956 | €50,932 | €148,835 | €128,369 | €226,785 | ▲ 76.7% |
| Current portion of amounts payable after more than one year42 | - | €6,432 | €50,000 | €69,310 | €69,310 | = |
| Trade debts44 | €58,127 | €39,668 | €96,395 | €59,059 | €157,475 | ▲ 167% |
| Suppliers440/4 | - | €39,668 | €96,395 | €59,059 | €157,475 | ▲ 167% |
| Taxes, remuneration and social security45 | - | €4,832 | €2,440 | - | - | - |
| Taxes450/3 | - | €4,832 | €2,440 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €11,159 | €12,816 | €5,825 | -€38,235 | €568 | ▲ 101% |
| + Depreciation and write-downs630 | €6,671 | €6,671 | €2,555 | €4,140 | €4,259 | ▲ 2.9% |
| Operating cash flow (approximation) | €17,830 | €19,487 | €8,380 | -€34,095 | €4,827 | ▲ 114% |
| Investment in fixed assets (approximation) | - | €0 | -€76,080 | -€794,967 | -€7,155 | ▲ 99.1% |
| Change in cash | - | -€116 | €1,815 | €4,105 | -€5,667 | ▼ 238% |
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
30-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial
Back to profitnet €568
Net result €568 after one loss-making year.
31-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-06
Financial
Weakest financial yearnet -€38,235
Net result drops to -€38,235, the lowest in the series; recovery starts the following year.
31-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
Financial
Highest result since 2019net €12,816 ▲14.8%
Net result €12,816, the highest in the series.
30-06
Financial
Liquidity triplescurrent ratio 5.05
Current ratio from 1.76 to 5.05; short-term debt falls from €134,956 to €50,932.
27-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
Financial
Back to profitnet €11,159
Net result €11,159 after 2 loss-making years.
30-06
Financial
Equity above €100,000Eq €109,340 ▲11.4%
Equity rises from €98,181 to €109,340.
29-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Show earlier events
2020
31-01
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-01
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
31-01
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
07-01
NBB filing
Annual accounts filed
fiscal year 2016 · full 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, Courcelles · 1 establishment unit since 2001
Ground area
253 m²
Building footprint
134 m²
Volume, LiDAR
1,254 m³
Parcel 52064B0799/00F002, Wallonia · tallest building 11.3 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Rue Paul Janson(ST) 139, 6182 Courcelles
since 20012.131.422.075
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52064B0799/00F002 | Wallonia | 253 m² | 1 · 134 m² | 11.2 m · 3 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.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 30-06-2025 list no shareholders, and no other source names one.
Holdings 1
-
25%
According to the annual accounts to 30-06-2025 of BAGRIX and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Recognitions · licences · registrations
Food safety, FASFC
1 siteCourcelles2.131.422.075
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Of 4,676 companies in sector 01610 we hold annual accounts for 1,369. 1,074 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
Founded16-02-2001
Fiscal year end30-06
Activities, NACEBEL 2025
01610Support activities for crop production
43120Site preparation
E-invoicing
Reachable via Peppol
Peppol ID
0208:0474100465
Registered
23-12-2025
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.