Equity
INTERGROW has made a profit in every financial year since 2008.
INTERGROW has made a profit in every financial year since 2008.
The result rose in 2025 from €2.9m to €3.9m.
Green is investment, beige is depreciation.
In 2025, 25 people joined and 26 left.
Seven of the last ten came late. The 2023 accounts came latest: 61 days after the end of the period.
More equity than 95% of companies in wholesale trade. Sector median €1.6m · 6,123 companies.
The dashed line is the sector median: 0.2% across 4,374 companies (NACE 46, small).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 46, small). It does better than 81% of them on solvency, 76% on liquidity, 66% on profitability and 51% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 20,137 companies had the same profile as INTERGROW has now. Each dot stands for 51 companies, two years later.
That fits the bankruptcy probability of INTERGROW itself: 0.1% within 12 months.
The method was tested on the 497,447 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 20,137 companies, not a prediction for INTERGROW. 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.
Liquidity is ample, with a current ratio of 2.75 (2.45 in 2024), above the usual 1.5. Short-term debt is 24.6% and cash 13% of total assets. 28.4% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 37 days after the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| INTERGROW Aalter | €58.4m | 7.7% | 71.6% | 43.4 |
| ARDECA Anzegem | €47.7m | 11.2% | 41.2% | 38.2 |
| ECOCHEM INTERNATIONAL Willebroek | €55.5m | 5.4% | 35.7% | 57.1 |
| PCS Innotec International Dessel | €41.6m | 15.2% | 83.5% | 42 |
| Balchem Grimbergen | €32.4m | 35.7% | 30.7% | 36.7 |
| AZELIS BENELUX Merelbeke-Melle | €76.1m | 10.0% | 48.6% | 52.8 |
| Air Liquide Homecare Belgium Zemst | €32.2m | 12.2% | 3.3% | 68.3 |
Grey: the largest companies of the sector (wholesale trade (NACE 46)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as INTERGROW: wholesale of industrial chemicals (NACE 46851). They are comparable in size and age: total assets between €30m and €125m, founded between 1985 and 2004.
INTERGROW has existed since 1994. Turnover grew from €26.7m in 2009 to €58.4m in 2025 and staff from 20.1 to 43.4 full-time equivalents.
Solvency rose in 2025 from 64.0% to 71.6% because of the retained profit and lower debts.
In December 2021, the Official Gazette published the appointment of ADOBEST as managing director.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Higher than 78% of 6,192 companies in 2025.
Higher than 71% of 6,112 companies in 2025.
Higher than 66% of 6,176 companies in 2025.
Net result: top quarter · Equity: top quarter · Balance sheet total: top quarter · Working capital: top quarter · Staff: top quarter
38.5 men and 4.9 women in full-time equivalents in 2025.
Men €69,885, women €52,672 per full-time equivalent. Jobs differ, so this is not a pay gap.
In 2025, 25 people joined and 26 left.
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||||
20/58 |
60.2m | 61.3m | 60.6m | 54.2m | 48.9m | 44.6m | 46.0m | 46.1m | 45.9m | 40.4m | 17.0m | 15.5m | 12.5m | 11.4m | 13.1m | 12.4m | |
21/28 |
19.5m | 17.4m | 16.9m | 16.9m | 16.5m | 18.0m | 18.0m | 16.9m | 16.7m | 13.3m | 2.8m | 2.3m | 2.5m | 2.7m | 2.8m | 2.2m | |
21 |
137,649 | 170,634 | 204,970 | 175,497 | 107,454 | 134,454 | 161,454 | 188,454 | 215,454 | 103,958 | 161,475 | 103,253 | 103,452 | 146,196 | 195,483 | 119,770 | |
22/27 |
19.3m | 17.2m | 16.7m | 16.7m | 16.4m | 17.8m | 17.8m | 16.7m | 16.5m | 13.1m | 1.3m | 1.4m | 1.7m | 1.8m | 1.9m | 2.1m | |
22 |
14.0m | 13.9m | 14.8m | 15.1m | 14.5m | 15.6m | 16.2m | 14.9m | 14.4m | 11.0m | 1.2m | 1.3m | 1.4m | 1.6m | 1.7m | 1.9m | |
23 |
1.8m | 2.1m | 864,689 | 988,707 | 1.3m | 1.5m | 1.3m | 1.3m | 1.5m | 1.5m | 57,319 | 85,021 | 90,030 | 56,721 | 70,816 | 78,818 | |
24 |
729,324 | 791,866 | 1.0m | 630,083 | 647,501 | 692,832 | 348,058 | 469,573 | 588,926 | 627,540 | 48,150 | 29,311 | 56,858 | 54,716 | 77,549 | 89,837 | |
27 |
2.8m | 325,162 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
28 |
0 | 12,506 | 4,182 | 10,231 | 9,335 | 8,405 | 3,388 | 1,816 | 1,816 | 1,630 | 1.3m | 764,145 | 764,145 | 762,944 | 762,944 | - | |
280/1 |
- | - | - | - | - | - | - | - | - | - | 1.3m | 762,844 | 762,844 | 762,844 | 762,844 | - | |
280 |
- | - | - | - | - | - | - | - | - | - | 1.3m | 762,844 | 762,844 | 762,844 | 762,844 | - | |
282/3 |
- | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | |
284/8 |
0 | 12,506 | 4,182 | 10,231 | 9,335 | 8,405 | 3,388 | 1,816 | 1,816 | 1,630 | 1,301 | 1,301 | 1,301 | 100 | 100 | - | |
285/8 |
0 | 12,506 | 4,182 | 10,231 | 9,335 | 8,405 | 3,388 | 1,816 | 1,816 | 1,630 | 1,301 | 1,301 | 1,301 | 100 | 100 | - | |
29/58 |
40.7m | 43.9m | 43.7m | 37.3m | 32.4m | 26.6m | 28.0m | 29.2m | 29.3m | 27.2m | 14.2m | 13.1m | 10.0m | 8.7m | 10.3m | 10.2m | |
29 |
9.8m | 10.0m | 9.9m | 10.1m | 8.4m | 8.0m | 8.0m | 7.9m | 7.9m | 423,956 | 387,980 | 1.0m | 398,708 | 271,336 | 206,771 | - | |
291 |
9.8m | 10.0m | 9.9m | 10.1m | 8.4m | 8.0m | 8.0m | 7.9m | 7.9m | 423,956 | 387,980 | 1.0m | 398,708 | 271,336 | 206,771 | - | |
3 |
10.0m | 12.0m | 14.0m | 12.2m | 10.3m | 8.7m | 7.3m | 7.9m | 7.3m | 6.8m | 6.2m | 5.0m | 4.5m | 3.8m | 5.4m | 5.1m | |
30/36 |
10.0m | 12.0m | 14.0m | 12.2m | 10.3m | 8.7m | 7.3m | 7.9m | 7.3m | 6.8m | 6.2m | 5.0m | 4.5m | 3.8m | 5.4m | 5.1m | |
34 |
10.0m | 12.0m | 14.0m | 12.2m | 10.3m | 8.7m | 7.3m | 7.9m | 7.3m | 6.8m | 6.2m | 5.0m | 4.5m | 3.8m | 5.4m | - | |
36 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 66,885 | - | - | |
40/41 |
12.5m | 16.7m | 17.4m | 13.3m | 11.9m | 8.7m | 9.5m | 10.4m | 12.3m | 13.1m | 6.2m | 5.4m | 4.3m | 3.9m | 4.5m | 4.9m | |
40 |
10.5m | 10.5m | 11.7m | 10.2m | 10.6m | 7.7m | 7.3m | 8.5m | 8.8m | 9.3m | 5.5m | 5.4m | 4.1m | 3.5m | 4.4m | 4.8m | |
41 |
2.1m | 6.1m | 5.8m | 3.0m | 1.3m | 1.0m | 2.3m | 1.9m | 3.5m | 3.8m | 763,532 | 20,856 | 220,590 | 432,246 | 57,770 | 92,137 | |
54/58 |
7.9m | 4.5m | 1.9m | 1.6m | 1.6m | 1.1m | 3.2m | 3.0m | 1.7m | 6.9m | 1.4m | 1.6m | 776,955 | 601,318 | 223,975 | 112,066 | |
490/1 |
513,795 | 701,748 | 559,612 | 163,349 | 176,448 | 64,998 | 28,842 | 12,219 | 1,677 | 11,979 | 3,031 | 19,764 | 9,751 | 3,760 | 4,256 | 8,476 | |
| Balance sheet: equity and liabilities | |||||||||||||||||
10/49 |
60.2m | 61.3m | 60.6m | 54.2m | 48.9m | 44.6m | 46.0m | 46.1m | 45.9m | 40.4m | 17.0m | 15.5m | 12.5m | 11.4m | 13.1m | 12.4m | |
10/15 |
43.1m | 39.2m | 36.3m | 32.7m | 30.0m | 26.8m | 24.6m | 23.5m | 22.3m | 20.6m | 9.1m | 7.4m | 5.8m | 1.1m | 152,601 | 89,361 | |
10/11 |
6.0m | 6.0m | 6.0m | 6.0m | 6.0m | 6.0m | 6.0m | 6.0m | 6.0m | 6.0m | 3.1m | 3.1m | 3.1m | 62,000 | 62,000 | 62,000 | |
10 |
6.0m | 6.0m | 6.0m | 6.0m | 6.0m | - | - | - | - | - | - | - | - | - | - | - | |
100 |
6.0m | 6.0m | 6.0m | 6.0m | 6.0m | 6.0m | 6.0m | 6.0m | 6.0m | 6.0m | 3.1m | 3.1m | 3.1m | 62,000 | 62,000 | 62,000 | |
13 |
37.1m | 33.2m | 30.3m | 26.7m | 24.0m | 20.8m | 18.6m | 17.5m | 16.3m | 14.6m | 6.1m | 171,342 | 90,724 | 6,200 | 6,200 | 6,200 | |
130/1 |
600,000 | 600,000 | 600,000 | 600,000 | 600,000 | 600,000 | - | - | - | - | - | - | - | - | - | - | |
130 |
600,000 | 600,000 | 600,000 | 600,000 | 600,000 | 600,000 | 600,000 | 600,000 | 600,000 | 600,000 | 306,200 | 171,342 | 90,724 | 6,200 | 6,200 | 6,200 | |
132 |
334,532 | 363,378 | 395,429 | 431,041 | 470,610 | 74,920 | 70,420 | 70,420 | 70,420 | 70,420 | - | - | - | - | - | - | |
133 |
36.2m | 32.3m | 29.3m | 25.6m | 22.9m | 20.1m | 17.9m | 16.8m | 15.6m | 14.0m | 5.8m | - | - | - | - | - | |
14 |
- | - | - | - | - | - | - | - | - | - | - | 4.2m | 2.7m | 1.1m | 84,401 | 21,161 | |
16 |
86,537 | 96,152 | 106,836 | 549,462 | 562,652 | 430,755 | 363,885 | 306,233 | 523,540 | 456,186 | - | - | - | - | - | - | |
160/5 |
- | - | 0 | 430,755 | 430,755 | 430,755 | 363,885 | 306,233 | 523,540 | 456,186 | - | - | - | - | - | - | |
164/5 |
- | - | 0 | 430,755 | 430,755 | 430,755 | 363,885 | 306,233 | 523,540 | 456,186 | - | - | - | - | - | - | |
168 |
86,537 | 96,152 | 106,836 | 118,707 | 131,896 | - | - | - | - | - | - | - | - | - | - | - | |
17/49 |
17.0m | 21.9m | 24.2m | 21.0m | 18.4m | 17.4m | 21.1m | 22.3m | 23.1m | 19.3m | 7.9m | 8.0m | 6.6m | 10.2m | 13.0m | 12.3m | |
17 |
2.1m | 4.0m | 5.9m | 6.9m | 6.7m | 8.0m | 9.4m | 7.8m | 9.1m | 8.8m | 413,924 | 1.9m | 3.1m | 7.0m | 7.4m | 1.2m | |
170/4 |
2.1m | 4.0m | 5.9m | 6.9m | 6.7m | 8.0m | 9.4m | 7.8m | 9.1m | 8.8m | 413,924 | 595,567 | 893,944 | 1.2m | 1.4m | 1.2m | |
172 |
- | - | - | - | - | - | - | - | - | - | 8,745 | 24,344 | 44,916 | 82,585 | - | - | |
173 |
2.1m | 4.0m | 5.9m | 6.9m | 6.7m | 8.0m | 9.4m | 7.8m | 9.1m | 8.8m | 405,179 | 571,223 | 849,028 | 1.1m | 1.4m | - | |
178/9 |
4,409 | 4,409 | 4,409 | 4,409 | 4,409 | 4,409 | 4,409 | 2,759 | 2,759 | 2,759 | - | 1.3m | 2.2m | 5.8m | 6.0m | - | |
42/48 |
14.8m | 17.9m | 18.3m | 14.1m | 11.7m | 9.4m | 11.7m | 14.5m | 14.0m | 10.5m | 7.4m | 6.0m | 3.4m | 3.2m | 5.6m | 11.1m | |
42 |
1.9m | 1.9m | 1.9m | 1.8m | 1.3m | 1.7m | 1.7m | 1.4m | 1.3m | 1.5m | 181,643 | 298,319 | 307,000 | 297,629 | 255,928 | 140,029 | |
43 |
252,036 | 2.6m | 4.3m | 2.3m | 2.6m | 2.3m | 4.8m | 5.3m | 2.2m | 150,216 | 114,918 | 115,513 | 113,523 | - | 1.1m | 872,800 | |
430/8 |
252,036 | 2.6m | 4.3m | 2.3m | 2.6m | 2.3m | 4.8m | 5.3m | 2.2m | 150,216 | 114,918 | 115,513 | 113,523 | - | 1.1m | 872,800 | |
44 |
8.2m | 10.1m | 9.4m | 8.3m | 6.6m | 3.2m | 3.9m | 5.1m | 7.2m | 6.9m | 3.2m | 4.0m | 1.6m | 1.7m | 2.5m | 3.3m | |
440/4 |
8.2m | 10.1m | 9.4m | 8.3m | 6.6m | 3.2m | 3.9m | 5.1m | 7.2m | 6.9m | 3.2m | 4.0m | 1.6m | 1.7m | 2.5m | 3.3m | |
45 |
837,054 | 674,558 | 1.1m | 1.1m | 861,595 | 680,541 | 486,328 | 1.7m | 1.8m | 1.2m | 506,675 | 604,251 | 895,734 | 791,524 | 359,597 | 300,892 | |
450/3 |
511,758 | 323,411 | 674,450 | 492,520 | 403,109 | 220,436 | 84,555 | 1.3m | 1.6m | 1.0m | 426,507 | 503,093 | 753,717 | 663,682 | 225,648 | 169,089 | |
454/9 |
325,296 | 351,146 | 423,028 | 578,913 | 458,486 | 460,106 | 401,773 | 383,161 | 269,546 | 232,672 | 80,168 | 101,158 | 142,017 | 127,842 | 133,949 | 131,803 | |
47/48 |
3.6m | 2.6m | 1.6m | 653,635 | 390,739 | 1.5m | 797,545 | 975,724 | 1.6m | 789,281 | 3.5m | 966,897 | 518,009 | 362,902 | 1.4m | 6.4m | |
492/3 |
60,342 | 23,596 | 38,398 | 3,250 | 12,663 | 13,441 | 13,974 | 17,165 | 9,830 | 9,299 | - | 78,775 | 133,688 | 1,099 | 11,025 | 29,538 | |
| Income statement | |||||||||||||||||
70/76A |
59.3m | 60.9m | 57.8m | 58.0m | 55.6m | 48.6m | 47.8m | 47.1m | 48.1m | 43.3m | 31.5m | 29.6m | 27.5m | 26.5m | 26.8m | - | |
70 |
58.4m | 60.1m | 57.0m | 57.1m | 54.0m | 48.1m | 47.3m | 46.6m | 47.8m | 43.1m | 31.5m | 29.5m | 27.4m | 26.4m | 26.7m | - | |
74 |
866,783 | 811,073 | 816,028 | 920,337 | 885,540 | - | - | - | - | - | - | - | - | - | - | - | |
76A |
36,510 | 44,359 | 37,040 | 0 | 736,797 | 28,929 | 4,130 | 31,527 | 103,910 | 2,042 | 12,120 | 1,350 | 22,502 | 4,559 | - | 6,435 | |
9900 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 3.2m | |
60/66A |
54.9m | 57.2m | 53.2m | 54.7m | 51.7m | 45.4m | 45.7m | 44.8m | 44.1m | 40.3m | 28.6m | 27.1m | 24.9m | 25.0m | 25.2m | - | |
60 |
45.3m | 47.4m | 43.5m | 45.5m | 43.0m | 38.5m | 38.3m | 38.0m | 37.6m | 34.9m | 26.1m | 24.5m | 22.8m | 22.3m | 22.9m | - | |
600/8 |
43.3m | 45.5m | 45.4m | 47.4m | 44.6m | 39.9m | 37.8m | 38.6m | 38.1m | 35.5m | 27.5m | 25.1m | 23.5m | 20.7m | 23.1m | - | |
609 |
2.0m | 1.9m | -1.8m | -1.9m | -1.6m | -1.3m | 508,517 | -546,123 | -561,323 | -680,361 | -1.4m | -577,804 | -694,745 | 1.6m | -252,571 | - | |
61 |
5.0m | 4.3m | 4.7m | 4.4m | 4.1m | 3.0m | 3.0m | 3.0m | 3.0m | 2.4m | 1.2m | 1.3m | 1.1m | 819,758 | 674,239 | - | |
62 |
2.9m | 3.0m | 3.1m | 3.0m | 2.6m | 2.4m | 2.3m | 2.1m | 2.1m | 1.9m | 775,764 | 895,054 | 835,540 | 815,451 | 872,154 | 854,860 | |
630 |
1.9m | 1.7m | 1.6m | 1.7m | 1.6m | 1.6m | 1.4m | 1.3m | 1.2m | 875,262 | 254,486 | 258,391 | 286,566 | 305,363 | 307,396 | 277,977 | |
631/4 |
-560,007 | 618,279 | 393,270 | 2,674 | 245,470 | -498,129 | 523,293 | 336,754 | -16,319 | 185,884 | 224,576 | 122,327 | -222,092 | 729,164 | 434,628 | - | |
635/8 |
- | 0 | -430,755 | - | 0 | 100,000 | 100,000 | -162,344 | 150,000 | 50,000 | - | - | - | - | - | - | |
640/8 |
230,301 | 188,950 | 176,928 | 148,064 | 158,694 | 191,672 | 102,867 | 93,560 | 91,272 | 70,442 | 26,199 | 27,693 | 26,554 | 25,064 | 21,369 | 18,752 | |
66A |
2,242 | 800 | 11,074 | 0 | 20,962 | 766 | 0 | 5,780 | 2,092 | 8,455 | 3,020 | 3,887 | 2,727 | - | - | - | |
9901 |
4.5m | 3.7m | 4.6m | 3.3m | 3.9m | 3.2m | 2.1m | 2.3m | 4.0m | 3.0m | 2.9m | 2.5m | 2.6m | 1.5m | 1.6m | 2.1m | |
75/76B |
832,017 | 838,782 | 764,579 | 559,837 | 616,523 | 582,190 | 536,883 | 574,161 | 467,723 | 209,539 | 275,364 | 129,102 | 188,352 | 183,813 | 84,531 | 82,281 | |
75 |
832,017 | 838,782 | 764,579 | 559,837 | 616,523 | 582,190 | 536,883 | 574,161 | 467,723 | 209,539 | 275,364 | 129,102 | 188,352 | 183,813 | 84,531 | 82,281 | |
751 |
560,056 | 665,852 | 593,397 | 398,513 | 426,971 | 399,960 | 386,898 | 425,967 | 262,835 | 47,637 | 37,867 | 41,988 | 36,914 | 12,738 | 7,590 | - | |
752/9 |
271,961 | 172,930 | 171,183 | 161,324 | 189,552 | 182,230 | 149,985 | 148,193 | 204,887 | 161,902 | 237,496 | 87,114 | 151,438 | 171,075 | 76,941 | - | |
65/66B |
452,625 | 410,309 | 685,766 | 197,528 | 214,417 | 347,180 | 216,090 | 220,465 | 160,595 | 97,677 | 175,366 | 182,368 | 252,608 | 154,893 | 154,781 | 145,668 | |
65 |
452,625 | 410,309 | 685,766 | 197,528 | 214,417 | 380,310 | 258,438 | 275,428 | 243,240 | 164,795 | 175,366 | 182,368 | 252,608 | 154,893 | 154,781 | 145,668 | |
650 |
203,945 | 356,395 | 276,551 | 148,090 | 172,020 | 234,732 | 210,858 | 233,364 | 203,787 | 129,306 | 129,522 | 144,143 | 210,240 | 112,113 | 153,083 | - | |
651 |
202,123 | 0 | 353,000 | - | 0 | 86,915 | - | - | - | - | - | - | - | - | - | - | |
652/9 |
46,557 | 53,914 | 56,215 | 49,438 | 42,398 | 58,663 | 47,580 | 42,064 | 39,453 | 35,489 | 45,844 | 38,225 | 42,368 | 42,780 | 1,698 | - | |
66B |
- | - | - | - | 0 | -33,130 | -42,348 | -54,963 | -82,645 | -67,118 | - | - | - | - | - | - | |
9903 |
4.9m | 4.1m | 4.7m | 3.7m | 4.3m | 3.4m | 2.4m | 2.6m | 4.4m | 3.2m | 3.0m | 2.4m | 2.6m | 1.5m | 1.5m | 2.0m | |
780 |
9,615 | 10,684 | 11,871 | 13,190 | 43,104 | - | - | - | - | - | - | - | - | - | - | - | |
680 |
- | - | - | 0 | 175,000 | - | - | - | - | - | - | - | - | - | - | - | |
67/77 |
951,608 | 1.2m | 1.1m | 1.0m | 998,369 | 815,902 | 917,812 | 915,117 | 1.6m | 1.1m | 795,233 | 803,424 | 899,849 | 554,545 | 56,398 | 26,864 | |
670/3 |
951,608 | 1.2m | 1.2m | 1.0m | 1.0m | 815,902 | 917,812 | 915,117 | 1.6m | 1.1m | 795,233 | 803,424 | 899,849 | 554,545 | 56,398 | - | |
77 |
- | 0 | 87,781 | 0 | 25,403 | - | - | - | 335 | - | - | - | - | - | - | - | |
9904 |
3.9m | 2.9m | 3.6m | 2.7m | 3.2m | 2.6m | 1.5m | 1.7m | 2.8m | 2.1m | 2.2m | 1.6m | 1.7m | 984,931 | 1.4m | 2.0m | |
789 |
28,846 | 32,051 | 35,612 | 39,569 | 129,311 | - | - | - | - | - | - | - | - | - | - | - | |
689 |
- | - | - | 0 | 525,000 | 4,500 | - | - | - | - | - | - | - | - | - | - | |
9905 |
3.9m | 3.0m | 3.7m | 2.7m | 2.8m | 2.6m | 1.5m | 1.7m | 2.8m | 2.1m | 2.2m | 1.6m | 1.7m | 984,931 | 1.4m | 2.0m | |
| Appropriation of the result | |||||||||||||||||
9906 |
3.9m | 3.0m | 3.7m | 2.7m | 2.8m | 2.6m | 1.5m | 1.7m | 2.8m | 2.1m | 6.4m | 4.3m | 2.8m | 1.1m | 1.5m | 2.0m | |
691/2 |
3.9m | 3.0m | 3.7m | 2.7m | 2.8m | 2.2m | 1.1m | 1.2m | 1.7m | 1.3m | 5.9m | 80,618 | 84,524 | - | - | - | |
6920 |
- | - | - | - | - | - | - | - | - | - | 134,858 | 80,618 | 84,524 | - | - | - | |
6921 |
3.9m | 3.0m | 3.7m | 2.7m | 2.8m | 2.2m | 1.1m | 1.2m | 1.7m | 1.3m | 5.8m | - | - | - | - | - | |
694/7 |
- | - | - | - | 0 | 407,464 | 407,464 | 565,923 | 1.1m | 747,018 | 500,000 | - | - | - | 1.4m | 2.0m | |
694 |
- | - | - | - | 0 | 407,464 | 407,464 | 565,923 | 1.1m | 747,018 | - | - | - | - | - | - | |
695 |
- | - | - | - | - | - | - | - | - | - | 500,000 | - | - | - | 1.4m | 2.0m | |
| Social balance sheet | |||||||||||||||||
9087 |
43.4 | 42.5 | 44.8 | 44.4 | 45.3 | 42.5 | 42.3 | 40.4 | 40.2 | 36.5 | 18.2 | 20.3 | 20.7 | 20.2 | 20.1 | 19.9 | |
Men (FTE)1003 |
38.5 | 38.4 | 37.9 | 38.4 | 38.9 | 38.6 | 38.4 | 36.5 | 36.6 | 33.5 | 15.2 | 16.7 | - | - | - | - | |
Women (FTE)1003 |
4.9 | 4.1 | 6.9 | 6 | 6.4 | 3.9 | 3.9 | 3.9 | 3.6 | 3 | 3 | 3.6 | - | - | - | - | |
Agency workers1501 |
0 | 0.1 | - | 0.1 | - | - | - | - | - | - | 1 | - | - | - | - | - | |
Hours worked1013 |
68,839 | 68,681 | 73,480 | 74,030 | 73,736 | 73,295 | 68,810 | 65,000 | 65,544 | 58,529 | 28,231 | 32,857 | 33,087 | 33,042 | 32,418 | 32,451 | |
| Document | |||||||||||||||||
The accounts for 13 older financial years (1995-2007) were filed as documents without figures as data, scans for example.
The notes to these accounts have 88 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 10-09-2026.
2025 annual accounts filed 41 days after the deadline. Filed on 10 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00511422.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 10-09-2026 | 2026-00511422 | |
| 31-12-2024 | full format | 29-08-2025 | 2025-00474322 | |
| 31-12-2023 | full format | 30-09-2024 | 2024-00489223 | |
| 31-12-2022 | full format | 31-08-2023 | 2023-00428461 | |
| 31-12-2021 | full format | 31-08-2022 | 2022-20410393 | |
| 31-12-2020 | full format | 26-08-2021 | 2021-54000368 | |
| 31-12-2019 | full format | 10-09-2020 | 2020-52500055 | |
| 31-12-2018 | full format | 25-07-2019 | 2019-39100452 | |
| 31-12-2017 | full format | 23-07-2018 | 2018-38400595 | |
| 31-12-2016 | full format | 26-07-2017 | 2017-38000027 | |
| 31-12-2015 | full format | 26-07-2016 | 2016-36300077 | |
| 31-12-2014 | full format | 13-07-2015 | 2015-30400458 | |
| 31-12-2013 | full format | 25-07-2014 | 2014-36200036 | |
| 31-12-2012 | full format | 25-09-2013 | 2013-59500077 | |
| 31-12-2011 | full format | 29-10-2012 | 2012-62400543 | |
| 31-12-2010 | full format | 29-08-2011 | 2011-46700470 | |
| 31-12-2009 | full format | 16-08-2010 | 2010-41300597 | |
| 31-12-2008 | abbreviated format | 29-06-2009 | 2009-32900182 | |
| 31-12-2007 | abbreviated format | 15-07-2008 | 2008-40300128 | |
| 31-12-2006 | abbreviated format | 31-07-2007 | 2007-50400079 | |
| 31-12-2005 | abbreviated format | 26-06-2006 | 2006-30300144 | |
| 31-12-2004 | abbreviated format | 04-07-2005 | 2005-39400035 | |
| 31-12-2003 | abbreviated format | 28-07-2004 | 2004-51300203 | |
| 31-12-2002 | abbreviated format | 14-08-2003 | 2003-61200220 | |
| 31-12-2001 | abbreviated format | 04-07-2002 | 2002-32600167 | |
| 31-12-2000 | abbreviated format | 12-06-2001 | 2001-19300064 | |
| 31-12-1999 | abbreviated format | 04-07-2000 | 2000-32700273 | |
| 31-12-1998 | abbreviated format | 18-08-1999 | 1999-40903121 | |
| 31-12-1997 | abbreviated format | 16-09-1998 | 1998-46804474 | |
| 31-12-1996 | abbreviated format | 29-07-1997 | 1997-33904850 | |
| 31-12-1995 | abbreviated format | 29-07-1996 | 1996-37004367 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 6.4m | 5.4m | 6.3m | 5.0m | 5.5m | 4.8m | 3.5m | 3.6m | 5.2m | 3.9m | 3.1m | 2.7m | 2.9m | 1.8m | 1.9m | 2.4m | ||
| 5.8m | 4.6m | 5.3m | 4.3m | 4.8m | 4.3m | 2.9m | 3.1m | 3.9m | 2.9m | 2.4m | 1.9m | 2.0m | 1.3m | 1.7m | 2.3m | ||
| 4.1m | 2.2m | 1.6m | 2.1m | 453,648 | 1.6m | 2.6m | 1.6m | 4.9m | 6.8m | 700,907 | 56,301 | 105,655 | 174,647 | 936,890 | 457,934 | ||
| 3.3m | 2.6m | 312,947 | -52,292 | 478,095 | -2.0m | 196,586 | 1.3m | -5.2m | - | -191,127 | 833,063 | 175,637 | 377,343 | 111,909 | - | ||
| 25.9m | 26.0m | 25.5m | 23.2m | 20.7m | 17.2m | 16.3m | 14.7m | 15.2m | 16.6m | 6.8m | 7.1m | 6.5m | 5.5m | 4.7m | -929,871 | ||
| 7.7% | 6.2% | 8.2% | 5.8% | 7.3% | 6.7% | 4.5% | 4.9% | 8.5% | 7.1% | 9.1% | 8.4% | 9.6% | 5.7% | 5.9% | - | ||
| 71.6% | 64.0% | 59.9% | 60.3% | 61.3% | 60.1% | 53.4% | 50.9% | 48.5% | 51.1% | 53.8% | 48.1% | 46.7% | 10.0% | 1.2% | 0.7% | ||
| 2.75 | 2.45 | 2.39 | 2.64 | 2.77 | 2.84 | 2.39 | 2.01 | 2.09 | 2.58 | 1.91 | 2.19 | 2.92 | 2.71 | 1.84 | 0.92 | ||
| 2.07 | 1.78 | 1.63 | 1.78 | 1.89 | 1.91 | 1.76 | 1.47 | 1.57 | 1.93 | 1.08 | 1.35 | 1.61 | 1.51 | 0.87 | 0.45 | ||
| 0.39 | 0.56 | 0.67 | 0.64 | 0.61 | 0.65 | 0.86 | 0.95 | 1.04 | 0.94 | 0.86 | 1.08 | 1.14 | 8.99 | 84.98 | - | ||
| 9.1% | 7.5% | 10.0% | 8.2% | 10.6% | 9.8% | 6.2% | 7.4% | 12.5% | 9.9% | 24.0% | 21.7% | 29.0% | 86.6% | 942.5% | - | ||
| 6.5% | 4.8% | 6.0% | 4.9% | 6.5% | 5.9% | 3.3% | 3.8% | 6.1% | 5.1% | 12.9% | 10.4% | 13.5% | 8.7% | 11.0% | 16.2% | ||
| 31.36 | 15.16 | 22.72 | 33.66 | 32.02 | 20.61 | 16.65 | 15.48 | 25.53 | 30.32 | 24.19 | 18.94 | 13.90 | 16.16 | 12.23 | - | ||
| 65 days | 64 days | 75 days | 66 days | 71 days | 59 days | 56 days | 67 days | 67 days | 79 days | 63 days | 67 days | 54 days | 48 days | 60 days | - | ||
| 59 days | 72 days | 71 days | 61 days | 51 days | 28 days | 35 days | 45 days | 64 days | 68 days | 42 days | 57 days | 24 days | 27 days | 39 days | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Source: 2013 accounts, page 21, filing 2014-36200036
Total €31,462,471
Revenue in the income statement €31,462,470
Source: 2013 accounts, page 21, filing 2014-36200036
| Item | 31-12-2025 | 31-12-2024 | 31-12-2023 | 31-12-2022 | 31-12-2021 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 40 | 41 | 43 | 44 | 41 |
| full-time | 34 | 38 | 38 | 42 | 40 |
| part-time | 6 | 3 | 5 | 2 | 1 |
| in full-time equivalents | 37.9 | 39.9 | 41.6 | 43.6 | 40.5 |
| 43.4 | 42.5 | 44.8 | 44.4 | 45.3 | |
| On a permanent contract | 39 | 41 | 43 | 44 | 41 |
| Joined | 25 | 26 | 17 | 12 | 17 |
| Left | 26 | 28 | 18 | 9 | 20 |
| Agency workers, average number | 0 | 0.1 | - | 0.1 | - |
| Training hours | 0 | - | - | - | - |
Source: social balance sheet in the 2021 to 2025 annual accounts
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Debts secured on the company's own assets | €4.3m | €8.5m | €12.2m | €11.0m | €10.5m |
| Mortgages, amount registered | €55,000 | €55,000 | €55,000 | €55,000 | €55,000 |
| €13.0m | €13.0m | €13.0m | €13.0m | €13.0m | |
| Carrying value of the mortgaged assets | €14.0m | €13.9m | €14.7m | €14.2m | €14.5m |
| - | €2.4m | €2.4m | €2.4m | - |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €4.1m | €2.2m | €1.6m | €2.0m | €453,648 |
| Intangible fixed assets | - | - | €70,531 | €102,831 | - |
| €1.9m | €1.7m | €1.6m | €1.7m | €1.6m |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Fee for the audit | €13,500 | €12,547 | €12,000 | €12,000 | €12,500 |
Source: notes to the 2021 to 2025 annual accounts (relations with the auditor)
The operating result for 2025 is 21% higher than in 2024. It is a recovery after the fall in 2024.
Debt's share of the balance-sheet total falls from 35.8% to 28.2%. Equity is higher and debt is lower.
Deed of 30-12-2025Reappointment: VRC Bedrijfsrevisoren BV (statutory auditor)Permanent representative: Benedikt Ameloot · General meeting of 03-10-2025
Source: shareholder structure in its own accounts, parent in its own accounts, lists of holdings in the owners' accounts
Source: list of holdings in its own 2013 accounts. The amounts are in that list and come from the holdings' accounts at 31-12-2013, in their own currency.
| INTERGROW TECHNICS
registered office since 12-10-2016 · founded in 2016 |
31 FTE (2025) 0664.571.447 |
| ADOBEST
registered office since 16-11-2015 · founded in 2015 |
turnover €2.1m (2017) 0642.921.542 |
| AMS²
registered office since 30-11-2022 · founded in 2022 · negative equity (2025) |
total assets €1.4m (2025) 0794.239.958 |
| BDS Agro Groep
registered office since 01-01-2017 |
founded in 2017 0669.515.576 |
| Name | 2009 | 2010 | 2011 | 2012 | 2013 |
|---|---|---|---|---|---|
| STEENACKERS & ZONEN | 100% | ||||
| FYTO PAUL HEYMANS | 99% | 99.8% | |||
Source: list of holdings in its own accounts
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
All 11 environmental permit applications
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number | FASFC approval |
|---|---|---|---|
| Venecolaan 7 registered office 9880 Aalter 46852 Wholesale trade | 20-02-1995 | 2.070.447.083 | Wholesaler of seed potatoes without a plant passport Wholesaler of other planting and propagating material without a plant passport Agricultural contractor - use and storage of plant protection products Wholesaler of additives (authorization) Wholesaler of raw materials Wholesaler of wood and bark Wholesaler of premixtures (authorization) Importer of fertilizers made from animal by-products Importer of fertilizers containing trace elements Importer of compound fertilizers Wholesaler of compound feed Importer of pesticides Exporter of pesticides Wholesaler of seeds without a plant passport Wholesaler of fertilizers Wholesaler of pesticides |
| Torhoutstraat 42 8610 Kortemark 46852 Wholesale trade | 23-06-2003 | 2.132.377.130 | Wholesaler of seeds without a plant passport Wholesaler of fertilizers Wholesaler of pesticides |
| Zuidleiestraat 10 9880 Aalter | 30-06-2015 | 2.245.832.981 | Wholesaler of seeds without a plant passport Wholesaler of fertilizers Wholesaler of pesticides |
| Hoveniersstraat 1 2860 Sint-Katelijne-Waver | 06-11-2015 | 2.247.308.965 | Wholesaler of additives (authorization) Wholesaler of compound feed Wholesaler of premixtures (authorization) Wholesaler of seeds without a plant passport Wholesaler of fertilizers Wholesaler of pesticides |
| Kluizenhof 1 9170 Sint-Gillis-Waas | 30-08-2017 | 2.267.989.365 | Importer of pesticides Exporter of pesticides Wholesaler of wood and bark Wholesaler of raw materials Wholesaler of compound feed Wholesaler of seeds without a plant passport Wholesaler of fertilizers Wholesaler of pesticides |
| 10-07-2026 | Under review | Nieuwbouw of aanleggen project 2026059706 | Provincie Oost-Vlaanderen |
| 23-04-2026 | Granted | Nieuwe publiciteitsinrichting (met inbegrip van vernieuwen van een bestaande vergunning) submitted 02-12-2025 · project 2024099311 | Provincie Oost-Vlaanderen |
| 02-10-2025 | Discontinued | Bomen vellen die geen deel uitmaken van een bos en/of bodemreliëf wijzigen submitted 27-06-2025 · project 2025078600 | Provincie Oost-Vlaanderen |
| 04-02-2025 | Discontinued | Verbouwen en/of uitbreiden zonder functiewijziging en zonder wijziging van aantal woongelegenheden submitted 05-12-2024 · project 2024146828 | Lochristi |
| 21-01-2025 | Granted | Bouwen of herbouwen; Functiewijziging zonder verbouwingswerken; Nieuwbouw of aanleggen submitted 01-08-2024 · project 2024065167 | Kortemark |
| 24-07-2023 | Granted | Bouwen of herbouwen; Verwijderen van vrijstaande gebouwen submitted 08-03-2023 · project 2022149187 | Sint-Katelijne-Waver |
| 18-02-2021 | Granted | Een grond gebruiken, aanleggen of inrichten; Het reliëf van de bodem aanmerkelijk wijzigen; Nieuwbouw of aanleggen; Nieuwbouw van bijgebouwen en niet overdekte lage constructie submitted 10-10-2020 · project 2020109503 | Provincie Antwerpen |
| 20-08-2020 | Discontinued | Een grond gebruiken, aanleggen of inrichten; Het reliëf van de bodem aanmerkelijk wijzigen; Nieuwbouw of aanleggen; Nieuwbouw van bijgebouwen en niet overdekte lage constructie submitted 22-07-2020 · project 2020097496 | Provincie Antwerpen |
| 17-07-2020 | Discontinued | Een grond gebruiken, aanleggen of inrichten; Het reliëf van de bodem aanmerkelijk wijzigen; Nieuwbouw of aanleggen; Nieuwbouw van bijgebouwen en niet overdekte lage constructie submitted 01-07-2020 · project 2020083514 | Provincie Antwerpen |
| 24-06-2020 | Discontinued | Een grond gebruiken, aanleggen of inrichten; Het reliëf van de bodem aanmerkelijk wijzigen; Nieuwbouw of aanleggen; Nieuwbouw van bijgebouwen en niet overdekte lage constructie submitted 28-05-2020 · project 2020054967 | Provincie Antwerpen |
The 10 most recent of 11 applications.
Source: Omgevingsloket Vlaanderen.
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 44001B0004/00L000 | 9,714 m² | 1 · 5,150 m² | 8.9 m · 2 |
| 46020B0337/00G002 | 8,450 m² | 1 · 2,995 m² | 13.9 m · 2 |
| 12422D0805/00R002 | 7,214 m² | 1 · 3,051 m² | 5.0 m |
| 32011C1038/00K000 | 672 m² | 1 · 133 m² | 9.4 m · 2 |
| 44001B0027/00M000 | 340 m² | 1 · 262 m² | 8.9 m · 2 |
If something looks wrong or is missing, please tell us.