GRAFARM
ActiveSummary
GRAFARM has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (-€22,447) and a net result of €24,168. Equity is growing by ~8.1% per year across the filed fiscal years. Its solvency ranks better than 16% of 3940 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability78▲+28
Solvency18▲+12
Growth78▲+46
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.08 against 0.08 in 2023; short-term debt: 59.5% and cash: 1.9% of total assets), and equity is negative.
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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 →
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 2024Solvency, return and age of the figures
Solvency
-6.8%
Return on assets
7.3%
Age of the figures
21 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
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 3940 sector peers (2024).
NBB · sector comparisonPosition among 3940 sector peers
Solvency
better than 16%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 20-06-2025, 41 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
41 d early
2023
47 d early
2022
17 d early
2021
3 d early
2020
1 d early
2019
30 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 23 days 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 (1)
History
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Financials · fiscal year 2024, micro schema
Equity
-€22,447▲ 51.8%
2023 · -€46,615
Total assets
€331,580▲ 34.7%
2023 · €246,185
Net result
€24,168
2023 · -€37,242
Working capital
-€181,897▲ 0.3%
2023 · -€182,379
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
Line20202021202220232024
Operating result€12,239€48,363▲ 295%-€24,911-€35,001▼ 40.5%€26,330
Net result€10,680within the sector's middle half€46,660above the sector's middle half▲ 337%-€27,422below the sector's middle half-€37,242below the sector's middle half▼ 35.8%€24,168within the sector's middle half
Equity-€28,612below the sector's middle half▲ 27.2%€18,049within the sector's middle half-€9,373below the sector's middle half-€46,615below the sector's middle half▼ 397%-€22,447below the sector's middle half▲ 51.8%
Total assets€174,887within the sector's middle half▲ 6.6%€364,953within the sector's middle half▲ 109%€459,411within the sector's middle half▲ 25.9%€246,185within the sector's middle half▼ 46.4%€331,580within the sector's middle half▲ 34.7%
Debt€203,499▲ 0.1%€346,904▲ 70.5%€468,784▲ 35.1%€292,799▼ 37.5%€354,027▲ 20.9%
Working capital-€124,674▲ 7.2%-€134,594▼ 8.0%-€299,136▼ 122%-€182,379▲ 39.0%-€181,897▲ 0.3%
Solvency-16.4%below the sector's middle half▲ 7.6pp4.9%below the sector's middle half▲ 21.3pp-2.0%below the sector's middle half▼ 7.0pp-18.9%below the sector's middle half▼ 16.9pp-6.8%below the sector's middle half▲ 12.2pp
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.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €26,330 after a loss of €35,001 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €331,580
Fixed assets
€316,346 ▲ 38.0%
Current assets
€15,234 ▼ 10.0%
Key figures and ratios
EBITDA
€100,817▲
2023 · €35,779
Cash flow
€98,656▲
2023 · €33,538
Current ratio
0.08▼
2023 · 0.08
Quick ratio
0.07▼
2023 · 0.08
Debt to equity
-15.77▼
2023 · -6.28
ROA
7.3%▲
2023 · -15.1%
Interest coverage
46.24▲
2023 · 15.97
Debt ≤ 1 year
€197,131▼
2023 · €199,304
Debt > 1 year
€156,895▲
2023 · €93,495
Income taxes
€0
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,639 companies that looked in July 2024 the way this one looks now, 2.7% went bankrupt within 24 months and 92% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a profit of 5% of the balance sheet or more
2.7%
went bankrupt
4.9%
stopped otherwise
92%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 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% | 1.6% |
| 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 74% 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 3,639 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €39,384 | €24,806 | €65,804 | €70,780 | €74,488 | ▲ 5.2% |
| Other operating charges640/8 | - | €7,644 | €501 | €877 | €1,118 | ▲ 27.5% |
| Gross operating margin9900 | €52,599 | €80,813 | €41,394 | €36,656 | €101,935 | ▲ 178% |
| Operating profit (loss)9901 | €12,239 | €48,363 | -€24,911 | -€35,001 | €26,330 | ▲ 175% |
| Financial income75/76B | - | €0 | - | - | €19 | - |
| Recurring financial income75 | €40 | €0 | - | - | €19 | - |
| Financial charges65/66B | - | €1,533 | €2,511 | €2,241 | €2,180 | ▼ 2.7% |
| Recurring financial charges65 | €1,310 | €1,533 | €2,511 | €2,241 | €2,180 | ▼ 2.7% |
| Profit (loss) for the period before taxes9903 | €10,969 | €46,830 | -€27,422 | -€37,242 | €24,168 | ▲ 165% |
| Income taxes67/77 | €289 | €170 | - | - | €0 | - |
| Profit (loss) for the period9904 | €10,680 | €46,660 | -€27,422 | -€37,242 | €24,168 | ▲ 165% |
| Profit (loss) for the period to be appropriated9905 | €10,680 | €46,660 | -€27,422 | -€37,242 | €24,168 | ▲ 165% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €174,887 | €364,953 | €459,411 | €246,185 | €331,580 | ▲ 34.7% |
| Fixed assets21/28 | €142,621 | €308,195 | €406,391 | €229,259 | €316,346 | ▲ 38.0% |
| Tangible fixed assets22/27 | €142,621 | €308,195 | €406,391 | €229,259 | €316,346 | ▲ 38.0% |
| Plant, machinery and equipment23 | - | €247,460 | €363,246 | €203,705 | €300,590 | ▲ 47.6% |
| Furniture and vehicles24 | - | €60,735 | €43,145 | €25,554 | €15,757 | ▼ 38.3% |
| Current assets29/58 | €32,266 | €56,758 | €53,020 | €16,925 | €15,234 | ▼ 10.0% |
| Stocks and contracts in progress3 | - | €1,710 | €1,067 | €1,080 | €1,072 | ▼ 0.8% |
| Stocks30/36 | - | €1,710 | €1,067 | €1,080 | €1,072 | ▼ 0.8% |
| Amounts receivable within one year40/41 | €9,879 | €42,546 | €44,320 | €7,384 | €2,447 | ▼ 66.9% |
| Trade receivables40 | - | €2,196 | €3,473 | €5,407 | €920 | ▼ 83.0% |
| Other amounts receivable41 | - | €40,350 | €40,847 | €1,976 | €1,527 | ▼ 22.7% |
| Current investments50/53 | - | €35 | €323 | €205 | €1,048 | ▲ 410% |
| Cash at bank and in hand54/58 | €18,370 | €6,468 | €3,196 | €3,854 | €6,438 | ▲ 67.1% |
| Deferred charges and accrued income490/1 | - | €5,999 | €4,114 | €4,402 | €4,228 | ▼ 4.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €174,887 | €364,953 | €459,411 | €246,185 | €331,580 | ▲ 34.7% |
| Equity10/15 | -€28,612 | €18,049 | -€9,373 | -€46,615 | -€22,447 | ▲ 51.8% |
| Contributions10/11 | - | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Profit (loss) carried forward14 | -€41,012 | €5,649 | -€21,773 | -€59,015 | -€34,847 | ▲ 41.0% |
| Amounts payable17/49 | €203,499 | €346,904 | €468,784 | €292,799 | €354,027 | ▲ 20.9% |
| Amounts payable after more than one year17 | €46,559 | €155,552 | €116,628 | €93,495 | €156,895 | ▲ 67.8% |
| Financial debts170/4 | - | €155,552 | €116,628 | €93,495 | €156,895 | ▲ 67.8% |
| Amounts payable within one year42/48 | €156,940 | €191,352 | €352,156 | €199,304 | €197,131 | ▼ 1.1% |
| Current portion of amounts payable after more than one year42 | - | €64,176 | €38,925 | €39,599 | €48,599 | ▲ 22.7% |
| Trade debts44 | €4,757 | €1,622 | €203,817 | €2,712 | €768 | ▼ 71.7% |
| Suppliers440/4 | - | €1,622 | €203,817 | €2,712 | €768 | ▼ 71.7% |
| Taxes, remuneration and social security45 | - | €458 | €170 | €0 | €0 | - |
| Taxes450/3 | - | €458 | €170 | €0 | €0 | - |
| Other amounts payable47/48 | - | €125,096 | €109,245 | €156,993 | €147,764 | ▼ 5.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €10,680 | €46,660 | -€27,422 | -€37,242 | €24,168 | ▲ 165% |
| + Depreciation and write-downs630 | €39,384 | €24,806 | €65,804 | €70,780 | €74,488 | ▲ 5.2% |
| Operating cash flow (approximation) | €50,065 | €71,467 | €38,382 | €33,538 | €98,656 | ▲ 194% |
| Investment in fixed assets (approximation) | - | -€190,380 | -€164,000 | €106,352 | -€161,575 | ▼ 252% |
| Change in cash | - | -€11,901 | -€3,272 | €658 | €2,585 | ▲ 293% |
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
2025
20-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €24,168
Net result €24,168 after 2 loss-making years.
14-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet -€37,242
Net result drops to -€37,242, the lowest in the series; recovery starts the following year.
14-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €46,660 ▲337%
Operating result €48,363, net result €46,660, both a record.
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €10,680
Net result €10,680 after one loss-making year.
01-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
25-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
26-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
26-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
22-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Grâce-Hollogne · 1 establishment unit since 2010
Ground area
3,753 m²
Building footprint
205 m²
Parcel 62454A0649/00H000, Wallonia. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
GRAFARM
since 20102.186.880.242
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62454A0649/00H000 | Wallonia | 3,753 m² | 1 · 204 m² | - |
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 siteGrâce-Hollogne2.186.880.242
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Of 4,676 companies in sector 01610 we hold annual accounts for 1,369. 659 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
Founded08-04-2010
Fiscal year end31-12
Activities, NACEBEL 2025
01610Support activities for crop production
E-invoicing
Reachable via Peppol
Peppol ID
0208:0824801688
Also
9925:BE0824801688
Registered
19-11-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.