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J-AGRO

Active
Private limited companyfounded 2023active for 3 yearsMollevijver 10, 9991 Maldegem, BelgiumKBO/BCE: BE 0801.352.236
Summary

The computed 12-month bankruptcy probability of J-AGRO is 2.2% (moderate). The 2024 annual accounts show equity of €85,459 and a net result of €99,359. Its solvency ranks better than 79% of 3,904 sector peers (NACE 01, financial year 2024). The company has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals.

Financials · financial year 2024, micro format

2024 annual accounts filed late (313 days) Filed on 9 June 2026, deadline 31 July 2025 (7 months after the close on 31 December 2024, Companies Code art. 3:10). Source: NBB, 2026-00151293.

Equity
€85,459
Total assets
€126,806
Net result
€99,359
Working capital
€81,173

Turnover and EBIT margin not published: the micro format does not require them.

Balance-sheet composition
Assets €126,806
Fixed assets €4,286
Current assets €122,520
Equity and liabilities €126,806
Equity €85,459
Debt €41,347
Debt finances 32.6% of the balance-sheet total.
Key figures and ratios
2024 value
EBITDA
€122,606
Cash flow
€99,811
Current ratio
2.96
Debt to equity
0.48
ROE
116.3%
ROA
78.4%
Interest coverage
over 100
Debt ≤ 1 year
€41,347
Income taxes
€21,834

Peer companies

Historical observation

Of the 39,278 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 95.8% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.8% went bankrupt
2.3% stopped otherwise
95.8% still going

A further 0.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 2.2% 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 497,474 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% 1.0%
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 39,278 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 · 2024 · 37 lines
Balance sheet Code2024
Assets
Total assets20/58€126,806
Fixed assets21/28€4,286
Tangible fixed assets22/27€4,286
Plant, machinery and equipment23€2,145
Furniture and vehicles24€2,141
Current assets29/58€122,520
Amounts receivable within one year40/41€23,964
Trade receivables40€22,972
Other amounts receivable41€992
Current investments50/53€54,086
Cash at bank and in hand54/58€43,992
Deferred charges and accrued income490/1€478
Equity and liabilities
Total equity and liabilities10/49€126,806
Equity10/15€85,459
Contributions10/11€100
Profit (loss) carried forward14€85,359
Amounts payable17/49€41,347
Amounts payable within one year42/48€41,347
Taxes, remuneration and social security45€26,481
Taxes450/3€26,481
Other amounts payable47/48€14,866
Income statement Code2024
Non-recurring operating income76A€925
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€452
Other operating charges640/8€1,033
Gross operating margin9900€123,639
Operating profit (loss)9901€122,154
Financial income75/76B€7
Recurring financial income75€7
Financial charges65/66B€968
Recurring financial charges65€968
Profit (loss) for the period before taxes9903€121,193
Income taxes67/77€21,834
Profit (loss) for the period9904€99,359
Profit (loss) for the period to be appropriated9905€99,359
Appropriation of the result
Profit (loss) to be appropriated9906€99,359
Profit to be distributed694/7€14,000
Directors or managers695€14,000

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2024
Non-recurring operating income76A€925
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€452
Other operating charges640/8€1,033
Gross operating margin9900€123,639
Operating profit (loss)9901€122,154
Financial income75/76B€7
Recurring financial income75€7
Financial charges65/66B€968
Recurring financial charges65€968
Profit (loss) for the period before taxes9903€121,193
Income taxes67/77€21,834
Profit (loss) for the period9904€99,359
Profit (loss) for the period to be appropriated9905€99,359
Line2024
Assets
Total assets20/58€126,806
Fixed assets21/28€4,286
Tangible fixed assets22/27€4,286
Plant, machinery and equipment23€2,145
Furniture and vehicles24€2,141
Current assets29/58€122,520
Amounts receivable within one year40/41€23,964
Trade receivables40€22,972
Other amounts receivable41€992
Current investments50/53€54,086
Cash at bank and in hand54/58€43,992
Deferred charges and accrued income490/1€478
Equity and liabilities
Total equity and liabilities10/49€126,806
Equity10/15€85,459
Contributions10/11€100
Profit (loss) carried forward14€85,359
Amounts payable17/49€41,347
Amounts payable within one year42/48€41,347
Taxes, remuneration and social security45€26,481
Taxes450/3€26,481
Other amounts payable47/48€14,866
Line2024
Profit (loss) for the period9904€99,359
+ Depreciation and write-downs630€452
Operating cash flow (approximation)€99,811

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

Filings with the National Bank (1)
Financial year Type Filed Reference
31-12-2024 micro format 09-06-2026 2026-00151293

Similar companies · same sector, comparable size

Of the 4,635 active companies whose main activity is support activities for crop production (NACE 01610), figures are known for 1,373. 1,069 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

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