MICAGRI
ActiveSummary
MICAGRI has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €34,695 and a net result of -€5,905. Equity is shrinking by ~13.2% per year across the filed fiscal years. Its solvency ranks better than 20% of 3163 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability68=
Solvency29▼-2
Growth43=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000 at 30 days acceptable
Liquidity short (current ratio 0.26 against 0.14 in 2024; short-term debt: 56.1% of total assets), and 96.3% of the assets are financed with debt.
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Signals
Seven 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 2025Solvency, return and age of the figures
Solvency
3.7%
Return on assets
-0.6%
Age of the figures
18 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 · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
19202122232425
2019 to 2025 · latest year -€5,905
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 3163 sector peers (2025).
NBB · sector comparisonPosition among 3163 sector peers
Solvency
better than 20%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 24-10-2025, 7 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
7 d early
2024
3 d early
2023
6 d early
2022
on the day
2021
2 d early
2020
27 d late
2019
1 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 1 day after 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 (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today. Usually files around 28 October (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
31-03-2026 close28-09-2026 today31-10-2026 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€202,548▼ 5.5%
2022 · €214,266
EBIT margin
-7.7%▼ 8.3pp
2022 · 0.6%
Net result
-€5,905▼ 124%
2024 · -€2,640
Working capital
-€387,122▼ 4.1%
2024 · -€371,963
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
Line20212022202320242025
Turnover€214,266€202,548▼ 5.5%
Operating result€10,000▼ 37.0%€1,322▼ 86.8%-€15,627-€8,604▲ 44.9%-€10,490▼ 21.9%
Net result€2,779within the sector's middle half▲ 1,807%€9,805within the sector's middle half▲ 253%-€8,410below the sector's middle half-€2,640within the sector's middle half▲ 68.6%-€5,905below the sector's middle half▼ 124%
EBIT margin0.6%-7.7%▼ 8.3pp
Equity€86,019within the sector's middle half▼ 7.6%€84,031within the sector's middle half▼ 2.3%€63,830within the sector's middle half▼ 24.0%€49,398within the sector's middle half▼ 22.6%€34,695within the sector's middle half▼ 29.8%
Total assets€819,745above the sector's middle half▼ 4.7%€736,185above the sector's middle half▼ 10.2%€953,793above the sector's middle half▲ 29.6%€880,649above the sector's middle half▼ 7.7%€937,762above the sector's middle half▲ 6.5%
Debt€733,726▼ 4.4%€652,154▼ 11.1%€889,963▲ 36.5%€831,251▼ 6.6%€903,067▲ 8.6%
Working capital-€59,892within the sector's middle half▲ 0.4%-€380,543below the sector's middle half▼ 535%-€397,687below the sector's middle half▼ 4.5%-€371,963below the sector's middle half▲ 6.5%-€387,122below the sector's middle half▼ 4.1%
Solvency10.5%within the sector's middle half▼ 0.3pp11.4%within the sector's middle half▲ 0.9pp6.7%below the sector's middle half▼ 4.7pp5.6%below the sector's middle half▼ 1.1pp3.7%below the sector's middle half▼ 1.9pp
Current ratio0.36below the sector's middle half▼ 0.020.08below the sector's middle half▼ 0.280.15below the sector's middle half▲ 0.070.14below the sector's middle half▼ 0.010.26below the sector's middle half▲ 0.12
Return on assets (ROA)0.3%within the sector's middle half▲ 0.3pp1.3%within the sector's middle half▲ 1.0pp-0.9%within the sector's middle half▼ 2.2pp-0.3%within the sector's middle half▲ 0.6pp-0.6%within the sector's middle half▼ 0.3pp
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.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €10,490 in 2025 against €8,604 in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €937,762
Fixed assets
€799,135 ▼ 2.5%
Current assets
€138,627 ▲ 126%
Equity and liabilities €937,762
Equity
€34,695 ▼ 29.8%
Debt
€903,067 ▲ 8.6%
Debt's share of the balance-sheet total rises from 94.4% to 96.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€149,469▲
2024 · €140,877
Cash flow
€154,054▲
2024 · €146,842
Quick ratio
0.16▲
2024 · 0.04
Debt to equity
26.03▲
2024 · 16.83
ROE
-17.0%▼
2024 · -5.3%
Interest coverage
29.29▲
2024 · 24.17
Debt ≤ 1 year
€525,749▲
2024 · €433,226
Debt > 1 year
€376,118▼
2024 · €396,826
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 913 companies that looked in July 2024 the way this one looks now, 2.0% went bankrupt within 24 months and 95% are still going.
- Small
- 10 to 20 years old
- solvency under 10%
- a small loss
2.0%
went bankrupt
2.1%
stopped otherwise
95%
still going
A further 0.8% 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 497,662 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% | 1.7% |
| 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 75% 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 913 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | €214,266 | €202,548 | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €97,298 | €86,084 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €128,201 | €124,791 | €140,046 | €149,482 | €159,959 | ▲ 7.0% |
| Other operating charges640/8 | - | €618 | €561 | €317 | €1,211 | ▲ 282% |
| Gross operating margin9900 | €139,714 | €126,731 | €124,980 | €141,195 | €150,680 | ▲ 6.7% |
| Operating profit (loss)9901 | €10,000 | €1,322 | -€15,627 | -€8,604 | -€10,490 | ▼ 21.9% |
| Financial income75/76B | - | €11,792 | €11,792 | €11,792 | €9,689 | ▼ 17.8% |
| Recurring financial income75 | €120 | €11,792 | €11,792 | €11,792 | €8,889 | ▼ 24.6% |
| Non-recurring financial income76B | - | - | - | - | €800 | - |
| Financial charges65/66B | - | €3,309 | €4,575 | €5,828 | €5,104 | ▼ 12.4% |
| Recurring financial charges65 | €7,340 | €3,309 | €4,575 | €5,828 | €5,104 | ▼ 12.4% |
| Profit (loss) for the period before taxes9903 | €2,779 | €9,805 | -€8,410 | -€2,640 | -€5,905 | ▼ 124% |
| Profit (loss) for the period9904 | €2,779 | €9,805 | -€8,410 | -€2,640 | -€5,905 | ▼ 124% |
| Profit (loss) for the period to be appropriated9905 | €2,779 | €9,805 | -€8,410 | -€2,640 | -€5,905 | ▼ 124% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €819,745 | €736,185 | €953,793 | €880,649 | €937,762 | ▲ 6.5% |
| Fixed assets21/28 | €786,773 | €703,846 | €882,497 | €819,387 | €799,135 | ▼ 2.5% |
| Tangible fixed assets22/27 | €786,773 | €703,846 | €882,497 | €819,387 | €799,135 | ▼ 2.5% |
| Land and buildings22 | - | €83,540 | €79,317 | €69,738 | €69,206 | ▼ 0.8% |
| Plant, machinery and equipment23 | - | €620,056 | €802,419 | €749,262 | €669,467 | ▼ 10.6% |
| Furniture and vehicles24 | - | €250 | €762 | €387 | €60,461 | ▲ 15,542% |
| Current assets29/58 | €32,972 | €32,339 | €71,296 | €61,263 | €138,627 | ▲ 126% |
| Stocks and contracts in progress3 | €10,893 | €10,893 | €22,704 | €43,430 | €52,278 | ▲ 20.4% |
| Stocks30/36 | - | €10,893 | €22,704 | €43,430 | €52,278 | ▲ 20.4% |
| Amounts receivable within one year40/41 | €12,463 | €19,046 | €19,374 | €8,101 | €85,320 | ▲ 953% |
| Trade receivables40 | - | €15,515 | €19,311 | €8,101 | €74,148 | ▲ 815% |
| Other amounts receivable41 | - | €3,531 | €62 | - | €11,172 | - |
| Cash at bank and in hand54/58 | €383 | €1,370 | €24,777 | €5,396 | - | - |
| Deferred charges and accrued income490/1 | - | €1,030 | €4,441 | €4,336 | €1,029 | ▼ 76.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €819,745 | €736,185 | €953,793 | €880,649 | €937,762 | ▲ 6.5% |
| Equity10/15 | €86,019 | €84,031 | €63,830 | €49,398 | €34,695 | ▼ 29.8% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | - | - | - |
| Distributable reserves133 | - | - | - | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €3,524 | €13,329 | €4,919 | €2,279 | -€3,626 | ▼ 259% |
| Investment grants15 | - | €50,242 | €38,450 | €26,658 | €17,860 | ▼ 33.0% |
| Amounts payable17/49 | €733,726 | €652,154 | €889,963 | €831,251 | €903,067 | ▲ 8.6% |
| Amounts payable after more than one year17 | €636,062 | €238,072 | €419,781 | €396,826 | €376,118 | ▼ 5.2% |
| Financial debts170/4 | - | €238,072 | €419,781 | €396,826 | €376,118 | ▼ 5.2% |
| Amounts payable within one year42/48 | €92,864 | €412,882 | €468,982 | €433,226 | €525,749 | ▲ 21.4% |
| Current portion of amounts payable after more than one year42 | - | €84,410 | €116,505 | €124,005 | €104,484 | ▼ 15.7% |
| Financial debts43 | - | - | - | - | €168 | - |
| Credit institutions430/8 | - | - | - | - | €168 | - |
| Trade debts44 | €3,299 | €2,712 | €1,767 | €19,098 | €6,761 | ▼ 64.6% |
| Suppliers440/4 | - | €2,712 | €1,767 | €19,098 | €6,761 | ▼ 64.6% |
| Taxes, remuneration and social security45 | - | €2,400 | €12,513 | €19,446 | €16,320 | ▼ 16.1% |
| Taxes450/3 | - | - | €7,713 | €12,246 | €6,720 | ▼ 45.1% |
| Remuneration and social security454/9 | - | €2,400 | €4,800 | €7,200 | €9,600 | ▲ 33.3% |
| Other amounts payable47/48 | - | €323,360 | €338,196 | €270,676 | €398,017 | ▲ 47.0% |
| Accrued charges and deferred income492/3 | - | €1,200 | €1,200 | €1,200 | €1,200 | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,779 | €9,805 | -€8,410 | -€2,640 | -€5,905 | ▼ 124% |
| + Depreciation and write-downs630 | €128,201 | €124,791 | €140,046 | €149,482 | €159,959 | ▲ 7.0% |
| Operating cash flow (approximation) | €130,981 | €134,596 | €131,636 | €146,842 | €154,054 | ▲ 4.9% |
| Investment in fixed assets (approximation) | - | -€41,864 | -€318,697 | -€86,371 | -€139,707 | ▼ 61.8% |
| Change in cash | - | €987 | €23,407 | -€19,381 | - | - |
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
Next filing, fiscal year 2026, expected by
2025
24-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
28-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
25-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
31-03
Financial
Weakest financial yearnet -€8,410
Net result drops to -€8,410, the lowest in the series; recovery starts the following year.
2022
31-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
31-03
Financial
Highest result since 2019net €9,805 ▲253%
Net result €9,805, the highest in the series.
2021
29-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
27-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 27 days late
31-03
Financial
Back to profitnet €146
Net result €146 after one loss-making year.
2019
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2018
26-10
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2017
02-10
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2016
27-10
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.
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, Genappe · 1 establishment unit since 2011
Ground area
2,065 m²
Building footprint
401 m²
Volume, LiDAR
2,243 m³
Parcel 25106C0015/00H000, Wallonia · tallest building 9.3 m, ±2 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
MICAGRI
since 20112.198.570.425
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25106C0015/00H000 | Wallonia | 2,065 m² | 1 · 400 m² | 9.3 m · 2 fl. |
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 siteGenappe2.198.570.425
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Of 4,676 companies in sector 01610 we hold annual accounts for 1,369. 847 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
Founded27-04-2011
Fiscal year end31-03
Activities, NACEBEL 2025
01610Support activities for crop production
28300Manufacture of machinery and equipment not elsewhere classified
46214Wholesale trade
46311Wholesale trade
E-invoicing
Reachable via Peppol
Peppol ID
0208:0835796738
Also
9925:BE0835796738
Registered
21-10-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.