MASSAGRI
ActiveMASSAGRI has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €564k and a net result of €78k. Equity is growing by ~22.3% per year across the filed fiscal years. Its solvency ranks better than 34% of 7930 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability69▼-31
Solvency41=
Growth58=
Stability100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity short (current ratio 0.83 against 0.99 in 2024), and 71.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
28.6%
Return on assets
4%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-07-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 d early
2024
on the day
2023
on the day
2022
on the day
2021
3 d early
2020
40 d late
2019
59 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€78k▼ 34.2%
2024 · €119k
2018: €22k
2019: €-348k
2020: €91k
2021: €219k
2022: €524k
2023: €293k
2024: €119k
2018 → 2025
Working capital
€-81k▼ 1,137%
2024 · €-7k
2018: €220k
2019: €-791
2020: €-42k
2021: €61k
2022: €149k
2023: €145k
2024: €-7k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€170k-€337k▲ 98.4%€402k▲ 19.2%€486k▲ 20.8%€564k▲ 16.1%
Operating result€256k-€727k▲ 184%€425k▼ 41.6%€169k▼ 60.1%€143k▼ 15.4%
Net result€219k-€524k▲ 140%€293k▼ 44.2%€119k▼ 59.4%€78k▼ 34.2%
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2025 is 15% below 2024 and is the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.98M
Fixed assets
€1.58M▲ 19.5%
Current assets
€393k▼ 15.1%
Equity and liabilities €1.98M
Equity
€564k▲ 16.1%
Debt
€1.41M▲ 8.5%
The debt ratio falls from 72.8% to 71.4%: equity grows faster than debt.
Key figures and ratios
EBITDA
€230k▼
2024 · €232k
Cash flow
€165k▼
2024 · €182k
Solvency
28.6%▲
2024 · 27.2%
Current ratio
0.83▼
2024 · 0.99
Quick ratio
0.56▼
2024 · 0.69
Debt / equity
2.50▼
2024 · 2.68
ROE
13.8%▼
2024 · 24.4%
ROA
4.0%▼
2024 · 6.6%
Interest coverage
5.01▼
2024 · 7.54
Debt
€1.41M▲
2024 · €1.30M
Debt ≤ 1 year
€474k▲
2024 · €469k
Debt > 1 year
€935k▲
2024 · €829k
Income taxes
€29k▼
2024 · €29k
Staff costs
€39k▲
2024 · €39k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.79M€1.98M▲
Fixed assets21/28€1.32M€1.58M▲
Tangible fixed assets22/27€794k€1.03M▲
Land and buildings22€737k€700k▼
Plant, machinery and equipment23€51k€325k▲
Furniture and vehicles24€7k€8k▲
Financial fixed assets28€530k€550k▲
Current assets29/58€463k€393k▼
Stocks and contracts in progress3€137k€128k▼
Stocks30/36€137k€128k▼
Amounts receivable within one year40/41€192k€166k▼
Trade receivables40€111k€137k▲
Other amounts receivable41€80k€28k▼
Cash at bank and in hand54/58€123k€85k▼
Deferred charges and accrued income490/1€11k€15k▲
Equity and liabilities
Total equity and liabilities10/49€1.79M€1.98M▲
Equity10/15€486k€564k▲
Contributions10/11€12k€12k=
Reserves13€465k€543k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€463k€541k▲
Profit (loss) carried forward14€9k€9k▲
Amounts payable17/49€1.30M€1.41M▲
Amounts payable after more than one year17€829k€935k▲
Financial debts170/4€829k€935k▲
Amounts payable within one year42/48€469k€474k▲
Current portion of amounts payable after more than one year42€102k€148k▲
Trade debts44€283k€121k▼
Suppliers440/4€283k€121k▼
Taxes, remuneration and social security45€7k€40k▲
Taxes450/3-€35k
Remuneration and social security454/9€7k€5k▼
Other amounts payable47/48€77k€165k▲
Accrued charges and deferred income492/3€2k€3k▲
Income statement
Code20242025
Remuneration, social security and pensions62€39k€39k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€63k€87k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€-19k
Other operating charges640/8€24k€14k▼
Gross operating margin9900€295k€264k▼
Operating profit (loss)9901€169k€143k▼
Financial income75/76B€9k€9k▲
Recurring financial income75€9k€9k▲
Financial charges65/66B€31k€46k▲
Recurring financial charges65€31k€46k▲
Profit (loss) for the period before taxes9903€148k€107k▼
Income taxes67/77€29k€29k▼
Profit (loss) for the period9904€119k€78k▼
Profit (loss) for the period to be appropriated9905€119k€78k▼
Appropriation of the result
Profit (loss) to be appropriated9906€127k€87k▼
Profit (loss) brought forward from the previous period14P€8k€9k▲
Transfer from equity791/2€35k-
Transfer to equity691/2€118k€78k▼
To other reserves6921€118k€78k▼
Profit to be distributed694/7€35k-
Return on contributions (dividend)694€35k-
Social balance
Average headcount (FTE)90870.60.6=
The notes to these accounts (22 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
29-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Equity above €500kEq €564k ▲16.1%
6 profitable years in a row build equity to €564k.
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Highest result since 2018net €524k ▲140%
Operating result €727k, net result €524k, both a record.
31-12
Financial
Equity above €200kEq €337k ▲98.4%
3 profitable years in a row build equity to €337k.
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Equity above €150kEq €170k ▲176%
2 profitable years in a row build equity to €170k.
09-09
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 40 days late
2020
31-12
Financial
Back to profitnet €91k
Net result €91k after one loss-making year.
28-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 59 days late
2019
31-12
Financial
Weakest financial yearnet €-348k ▼1651%
Net result drops to €-348k, the lowest in the series; recovery starts the following year.
29-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
19-07
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.
Directors · office · real estate
Directors
7 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, Verlaine · 1 establishment unit since 2008
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rue des Croisettes(VER) 834537 VerlaineGround area
8,238 m²
Building footprint
3,194 m²
Volume, LiDAR
25,119 m³
2 parcels, Wallonia · tallest building 9.7 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
MASSAGRI
since 20082.172.300.548
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 61063B1681/00R000 | Wallonia | 6,245 m² | 1 · 3,022 m² | 9.7 m · 3 fl. |
| 61063A0530/00K000 | Wallonia | 1,993 m² | 1 · 172 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels 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 siteVerlaine2.172.300.548
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Wasseiges · Eq €549k
Of 688 companies in sector 46216 we hold annual accounts for 475. 390 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded24-09-2007
Fiscal year end31-12
Activities, NACEBEL
46216Wholesale of agricultural produce and animal feed, general range
46851Wholesale of industrial chemicals
51550
47761Retail sale of flowers, plants, seeds and fertilisers
51210
52483
Sources
Crossroads Bank for EnterprisesNational Bank · 18 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.