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DECEUNINCK AGRO

Active
Private limited companyfounded 2009active for 17 yearsWezestraat 51, 8850 Ardooie, BelgiumKBO/BCE: BE 0809.596.642
Summary

DECEUNINCK AGRO has been active since 2009 and the Belgian Official Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €195,802 and a net result of €7,153. Equity is growing by about 4% per year across the filed financial years. Its solvency ranks better than 95% of 92 sector peers (NACE 01, financial year 2026). The computed 12-month bankruptcy probability is 0.1% (very low).

Financials · financial year 2026, abbreviated format

Turnover
≈ €87,000
Estimated: probably between €58,000 and €130,000
Total assets
€205,197▼ 6.0%
2025 · €218,375
Net result
€7,153▼ 30.1%
2025 · €10,235
Working capital
€20,767▲ 48.9%
2025 · €13,945
Trend over the years

2022 to 2026, 5 financial years 2019 to 2026, 8 financial years

The operating result falls in 2026; 2026 is 33% below 2025.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result€9,800 2026 Net result€7,153 2026

Use the arrow keys on the chart for the figures per year.

Sector: the middle half of NACE 01, Crop and animal production, hunting and related service activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).

Every figure with its change against the financial year before
favourable unfavourable
Line20192020202120222023202420252026
Operating result€174-€37,254▲ 214×€11,734▼ 68.5%€1,704▼ 85.5%€4,301▲ 152%€12,813▲ 198%€14,639▲ 14.3%€9,800▼ 33.1%
Net result€138-€36,974▲ 267×-€5,072within the sector's middle half€1,045within the sector's middle half€2,946below the sector's middle half▲ 182%€9,372below the sector's middle half▲ 218%€10,235within the sector's middle half▲ 9.2%€7,153▼ 30.1%
Equity€133,150-€170,124▲ 27.8%€165,051within the sector's middle half▼ 3.0%€166,096within the sector's middle half▲ 0.6%€169,042below the sector's middle half▲ 1.8%€178,414below the sector's middle half▲ 5.5%€188,649within the sector's middle half▲ 5.7%€195,802▲ 3.8%
Total assets€349,564-€370,580▲ 6.0%€320,904below the sector's middle half▼ 13.4%€291,346below the sector's middle half▼ 9.2%€247,604below the sector's middle half▼ 15.0%€233,220below the sector's middle half▼ 5.8%€218,375below the sector's middle half▼ 6.4%€205,197▼ 6.0%
Debt€216,413-€200,456▼ 7.4%€155,853▼ 22.3%€125,250▼ 19.6%€78,562▼ 37.3%€54,806▼ 30.2%€29,727▼ 45.8%€9,395▼ 68.4%
Working capital-€32,224--€8,666▲ 73.1%-€11,519within the sector's middle half▼ 32.9%-€7,375within the sector's middle half▲ 36.0%-€3,812within the sector's middle half▲ 48.3%€8,034within the sector's middle half€13,945within the sector's middle half▲ 73.6%€20,767▲ 48.9%
Solvency38.1%-45.9%▲ 7.8pp51.4%within the sector's middle half▲ 5.5pp57.0%above the sector's middle half▲ 5.6pp68.3%above the sector's middle half▲ 11.3pp76.5%above the sector's middle half▲ 8.2pp86.4%above the sector's middle half▲ 9.9pp95.4%▲ 9.0pp
Current ratio0.45-0.87▲ 0.420.73below the sector's middle half▼ 0.130.78below the sector's middle half▲ 0.050.57below the sector's middle half▼ 0.214.36above the sector's middle half▲ 3.7911.17above the sector's middle half▲ 6.8119.76▲ 8.59
Return on assets (ROA)0.0%-10.0%▲ 9.9pp-1.6%within the sector's middle half▼ 11.6pp0.4%within the sector's middle half▲ 1.9pp1.2%within the sector's middle half▲ 0.8pp4.0%within the sector's middle half▲ 2.8pp4.7%within the sector's middle half▲ 0.7pp3.5%▼ 1.2pp
Staff (FTE)0below the sector's middle half0below the sector's middle half0below the sector's middle half0
above within below the middle half of NACE 01, Crop and animal production, hunting and related service activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €205,197
Fixed assets €183,323 ▼ 9.7%
Current assets €21,874 ▲ 42.8%
Equity and liabilities €205,197
Equity €195,802 ▲ 3.8%
Debt €9,395 ▼ 68.4%
Debt's share of the balance-sheet total falls from 13.6% to 4.6%. Equity is higher and debt is lower.
Key figures and ratios
2026 value · change against 2025
EBITDA
€29,537▼
2025 · €34,375
Cash flow
€26,889▼
2025 · €29,971
Debt to equity
0.05▼
2025 · 0.16
ROE
3.7%▼
2025 · 5.4%
Interest coverage
over 100
2025 · over 100
Debt ≤ 1 year
€1,107▼
2025 · €1,371
Income taxes
€2,607▼
2025 · €4,365
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 10,904 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95.1% are still going.

  • Micro
  • 10 to 20 years old
  • solvency 30% or more
  • a profit under 5% of the balance sheet
0.7% went bankrupt
4.0% stopped otherwise
95.1% still going

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 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 10,904 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
Filed annual accounts As filed with the NBB · 2026 against 2025 · 36 lines
Balance sheet Code20252026
Assets
Total assets20/58€218,375€205,197▼
Fixed assets21/28€203,059€183,323▼
Tangible fixed assets22/27€201,559€181,823▼
Land and buildings22€201,559€181,823▼
Financial fixed assets28€1,500€1,500=
Current assets29/58€15,316€21,874▲
Amounts receivable within one year40/41€357€1,808▲
Other amounts receivable41€357€1,808▲
Cash at bank and in hand54/58€12,740€17,903▲
Deferred charges and accrued income490/1€2,219€2,163▼
Equity and liabilities
Total equity and liabilities10/49€218,375€205,197▼
Equity10/15€188,649€195,802▲
Contributions10/11€73,070€73,070=
Reserves13€115,579€122,732▲
Distributable reserves133€115,579€122,732▲
Amounts payable17/49€29,727€9,395▼
Amounts payable within one year42/48€1,371€1,107▼
Trade debts44€795€861▲
Suppliers440/4€795€861▲
Taxes, remuneration and social security45€577€246▼
Taxes450/3€577€246▼
Accrued charges and deferred income492/3€28,355€8,288▼
Income statement Code20252026
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€19,736€19,736=
Other operating charges640/8€4,444€2,877▼
Gross operating margin9900€38,819€32,414▼
Operating profit (loss)9901€14,639€9,800▼
Financial charges65/66B€39€40▲
Recurring financial charges65€39€40▲
Profit (loss) for the period before taxes9903€14,600€9,760▼
Income taxes67/77€4,365€2,607▼
Profit (loss) for the period9904€10,235€7,153▼
Profit (loss) for the period to be appropriated9905€10,235€7,153▼
Appropriation of the result
Profit (loss) to be appropriated9906€10,235€7,153▼
Transfer to equity691/2€10,235€7,153▼
To other reserves6921€10,235€7,153▼
Social balance sheet
Average headcount (FTE)90870.00.0=

The notes to these accounts (16 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20192020202120222023202420252026Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€23,308€24,788€24,788€24,788€21,889€19,736€19,736€19,736=
Other operating charges640/8---€2,384€2,946€2,728€4,444€2,877▼ 35.2%
Non-recurring operating charges66A---€180-----
Gross operating margin9900€25,850€64,577€43,680€29,055€29,136€35,277€38,819€32,414▼ 16.5%
Operating profit (loss)9901€174€37,254€11,734€1,704€4,301€12,813€14,639€9,800▼ 33.1%
Recurring financial income75--€52------
Financial charges65/66B---€32€34€35€39€40▲ 3.5%
Recurring financial charges65€21€23€628€32€34€35€39€40▲ 3.5%
Profit (loss) for the period before taxes9903€153€37,231€11,157€1,671€4,266€12,778€14,600€9,760▼ 33.2%
Income taxes67/77€15€258€16,229€627€1,321€3,406€4,365€2,607▼ 40.3%
Profit (loss) for the period9904€138€36,974-€5,072€1,045€2,946€9,372€10,235€7,153▼ 30.1%
Profit (loss) for the period to be appropriated9905€138€36,974-€5,072€1,045€2,946€9,372€10,235€7,153▼ 30.1%
Line20192020202120222023202420252026Change
Assets
Total assets20/58€349,564€370,580€320,904€291,346€247,604€233,220€218,375€205,197▼ 6.0%
Fixed assets21/28€323,715€313,996€289,208€264,420€242,532€222,795€203,059€183,323▼ 9.7%
Tangible fixed assets22/27€322,215€312,496€287,708€262,920€241,032€221,295€201,559€181,823▼ 9.8%
Land and buildings22---€262,920€241,032€221,295€201,559€181,823▼ 9.8%
Financial fixed assets28€1,500€1,500€1,500€1,500€1,500€1,500€1,500€1,500=
Current assets29/58€25,849€56,584€31,696€26,926€5,072€10,424€15,316€21,874▲ 42.8%
Stocks and contracts in progress3€4,112€7,313-------
Amounts receivable within one year40/41€182€23,065€14,174--€594€357€1,808▲ 406%
Other amounts receivable41-----€594€357€1,808▲ 406%
Cash at bank and in hand54/58€19,923€24,534€15,802€25,067€3,042€7,699€12,740€17,903▲ 40.5%
Deferred charges and accrued income490/1---€1,858€2,030€2,132€2,219€2,163▼ 2.5%
Equity and liabilities
Total equity and liabilities10/49€349,564€370,580€320,904€291,346€247,604€233,220€218,375€205,197▼ 6.0%
Equity10/15€133,150€170,124€165,051€166,096€169,042€178,414€188,649€195,802▲ 3.8%
Contributions10/11€73,070€73,070-€73,070€73,070€73,070€73,070€73,070=
Reserves13€60,080€97,054€91,981€93,026€95,972€105,344€115,579€122,732▲ 6.2%
Non-distributable reserves130/1---€7,307€7,307€0---
Reserves not available under the articles1311---€7,307€7,307€0---
Distributable reserves133---€85,719€88,665€105,344€115,579€122,732▲ 6.2%
Amounts payable17/49€216,413€200,456€155,853€125,250€78,562€54,806€29,727€9,395▼ 68.4%
Amounts payable within one year42/48€58,073€65,250€43,215€34,300€8,884€2,390€1,371€1,107▼ 19.3%
Trade debts44€7,972€14,729€9,723€635€1,930€998€795€861▲ 8.3%
Suppliers440/4---€635€1,930€998€795€861▲ 8.3%
Taxes, remuneration and social security45---€3,666€6,954€1,392€577€246▼ 57.3%
Taxes450/3---€3,666€6,954€1,392€577€246▼ 57.3%
Other amounts payable47/48---€30,000€0----
Accrued charges and deferred income492/3---€90,950€69,678€52,416€28,355€8,288▼ 70.8%
Line20192020202120222023202420252026Change
Profit (loss) for the period9904€138€36,974-€5,072€1,045€2,946€9,372€10,235€7,153▼ 30.1%
+ Depreciation and write-downs630€23,308€24,788€24,788€24,788€21,889€19,736€19,736€19,736=
Operating cash flow (approximation)€23,446€61,761€19,715€25,832€24,834€29,108€29,971€26,889▼ 10.3%
Investment in fixed assets (approximation)--€15,069€0€0€0€0€0€0-
Change in cash-€4,611-€8,732€9,265-€22,025€4,657€5,041€5,162▲ 2.4%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Latest 10 of 17 filings with the National Bank
Financial year Type Filed Reference
31-03-2026 abbreviated format 21-09-2026 2026-00517285
31-03-2025 abbreviated format 25-09-2025 2025-00502137
31-03-2024 abbreviated format 30-09-2024 2024-00479704
31-03-2023 abbreviated format 04-10-2023 2023-00470146
31-03-2022 abbreviated format 24-10-2022 2022-20472164
31-03-2021 abbreviated format 11-10-2021 2021-71700131
31-03-2020 abbreviated format 02-10-2020 2020-58900525
31-03-2019 micro format 19-09-2019 2019-65000076
31-03-2018 micro format 26-09-2018 2018-65100490
31-03-2017 micro format 21-09-2017 2017-61600569

Show all 17 filings

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Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.