Microflor
ActiveSummary
Microflor has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.8m and a net result of -€4.4m. Equity remains stable across the filed fiscal years (±0.8% per year). Its solvency ranks better than 11% of 484 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability27▼-23
Solvency31▼-12
Growth34▼-14
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €190,000 at 30 days acceptable
Liquidity tight (current ratio 1.02 against 0.44 in 2024; short-term debt: 19.2% and cash: 1% of total assets), and 93.6% of the assets are financed with debt.
Credit check for your own amount and term
Open the credit simulator : see how the verdict changes with amount, term and advance.
Signals
Eight 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 · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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
6.4%
Return on assets
-7.4%
Age of the figures
9 mo
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 -€4.4m
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 11% of 484 sector peers (2025).
NBB · sector comparisonPosition among 484 sector peers
Solvency
better than 11%
← weakest
strongest →
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 01-06-2026, 60 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
60 d early
2024
56 d early
2023
65 d early
2022
60 d early
2021
62 d early
2020
67 d early
2019
46 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 59 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 (2)
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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Subsidy mirror Which other companies belong to the same group?Floré · 9 companies
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, full schema
In the rankings
#1 employer in East Flanders, Agriculture, forestry and fishing sector#1 company by total assets in Lochristi, Agriculture, forestry and fishing sector#2 company by equity in Lochristi, Agriculture, forestry and fishing sector
Turnover
€24.1m▼ 3.8%
2024 · €25.1m
EBIT margin
-8.7%▼ 11.7pp
2024 · 2.9%
Net result
-€4.4m▼ 230%
2024 · -€1.3m
Working capital
€209,189
2024 · -€12.4m
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€22.0m▼ 0.6%€24.6m▲ 11.7%€23.8m▼ 3.1%€25.1m▲ 5.2%€24.1m▼ 3.8%
Operating result€2.7m▲ 126%€1.8m▼ 32.7%€2.6m▲ 39.3%€729,351▼ 71.7%-€2.1m
Net result€1.3m€450,720▼ 66.0%€871,610▲ 93.4%-€1.3m-€4.4m▼ 230%
EBIT margin12.5%▲ 7.0pp7.5%▼ 5.0pp10.8%▲ 3.3pp2.9%▼ 7.9pp-8.7%▼ 11.7pp
Equity€10.6m▲ 14.0%€11.0m▲ 4.0%€11.9m▲ 7.7%€10.2m▼ 13.8%€3.8m▼ 62.4%
Total assets€40.8m▲ 7.2%€41.4m▲ 1.6%€42.2m▲ 1.8%€58.1m▲ 37.9%€59.6m▲ 2.5%
Debt€30.2m▲ 5.0%€30.4m▲ 0.7%€30.3m▼ 0.3%€47.9m▲ 58.2%€55.8m▲ 16.4%
Working capital€5.6m▼ 11.4%€4.7m▼ 16.0%€4.2m▼ 10.6%-€12.4m€209,189
Staff (FTE)144.8▼ 4.0%147.1▲ 1.6%139.5▼ 5.2%122.4▼ 12.3%123.8▲ 1.1%
Why a figure moved sharply
- 2025 Net result -230%, Equity -62% on 2024. Cause not known from the registers.
- 2023 Net result +93% on 2022. Cause not known from the registers.
- 2022 Net result -66% on 2021. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €2.1m after €729,351 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €59.6m
Fixed assets
€48.0m ▼ 0.7%
Current assets
€11.7m ▲ 18.5%
Equity and liabilities €59.6m
Equity
€3.8m ▼ 62.4%
Debt
€55.8m ▲ 16.4%
Debt's share of the balance-sheet total rises from 82.4% to 93.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€1.8m▼
2024 · €4.1m
Cash flow
-€505,801▼
2024 · €2.0m
Current ratio
1.02▲
2024 · 0.44
Quick ratio
0.59▲
2024 · 0.20
Debt to equity
14.50▲
2024 · 4.68
ROE
-114.6%▼
2024 · -13.0%
ROA
-7.4%▼
2024 · -2.3%
Interest coverage
0.81▼
2024 · 2.04
Debt ≤ 1 year
€11.4m▼
2024 · €22.3m
Debt > 1 year
€44.2m▲
2024 · €25.6m
Income taxes
-€12,000▼
2024 · €393
Staff costs
€7.6m▲
2024 · €7.2m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | €24.2m | €27.2m | €27.0m | €28.9m | €27.0m | ▼ 6.7% |
| Turnover70 | €22.0m | €24.6m | €23.8m | €25.1m | €24.1m | ▼ 3.8% |
| Change in stocks of work in progress, finished goods and contracts in progress71 | -€410,161 | €396,034 | €304,653 | €924,224 | -€347,547 | ▼ 138% |
| Own construction capitalised72 | €2.1m | €1.6m | €2.3m | €2.3m | €2.7m | ▲ 16.6% |
| Other operating income74 | €470,616 | €569,450 | €497,266 | €602,310 | €508,893 | ▼ 15.5% |
| Non-recurring operating income76A | - | - | €98,542 | €0 | - | - |
| Operating charges60/66A | €21.4m | €25.3m | €24.5m | €28.2m | €29.1m | ▲ 3.2% |
| Goods for resale, raw materials and consumables60 | €6.9m | €8.3m | €8.3m | €10.0m | €9.1m | ▼ 8.9% |
| Purchases600/8 | €7.0m | €8.4m | €8.3m | €9.1m | €9.0m | ▼ 1.5% |
| Change in stocks: decrease (increase)609 | -€67,949 | -€27,718 | €34,795 | €847,092 | €92,879 | ▼ 89.0% |
| Services and other goods61 | €5.7m | €5.9m | €7.1m | €7.5m | €8.4m | ▲ 11.8% |
| Remuneration, social security and pensions62 | €6.2m | €6.9m | €7.0m | €7.2m | €7.6m | ▲ 6.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2.5m | €2.6m | €3.2m | €3.3m | €3.9m | ▲ 16.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €1.2m | -€1.3m | €0 | - | - |
| Other operating charges640/8 | €53,704 | €105,379 | €67,900 | €163,148 | €70,308 | ▼ 56.9% |
| Non-recurring operating charges66A | - | €248,306 | €90,234 | €0 | - | - |
| Operating profit (loss)9901 | €2.7m | €1.8m | €2.6m | €729,351 | -€2.1m | ▼ 389% |
| Financial income75/76B | €26,410 | €41,727 | €257,042 | €282,063 | €326,488 | ▲ 15.8% |
| Recurring financial income75 | €26,410 | €41,727 | €257,042 | €282,063 | €326,488 | ▲ 15.8% |
| Income from current assets751 | - | €8,918 | €35,653 | €1,311 | €202,992 | ▲ 15,389% |
| Other financial income752/9 | €26,410 | €32,809 | €221,389 | €280,752 | €123,496 | ▼ 56.0% |
| Financial charges65/66B | €1.5m | €1.4m | €2.0m | €2.3m | €2.6m | ▲ 12.4% |
| Recurring financial charges65 | €1.5m | €1.4m | €2.0m | €2.3m | €2.6m | ▲ 12.4% |
| Debt charges650 | €1.2m | €1.2m | €1.6m | €2.0m | €2.2m | ▲ 11.1% |
| Other financial charges652/9 | €252,508 | €247,824 | €320,620 | €347,094 | €418,060 | ▲ 20.4% |
| Profit (loss) for the period before taxes9903 | €1.3m | €450,720 | €871,610 | -€1.3m | -€4.4m | ▼ 231% |
| Income taxes67/77 | -€2,083 | - | - | €393 | -€12,000 | ▼ 3,152% |
| Taxes670/3 | - | - | - | €393 | €0 | ▼ 100% |
| Tax adjustments and reversals of tax provisions77 | €2,083 | - | - | - | €12,000 | - |
| Profit (loss) for the period9904 | €1.3m | €450,720 | €871,610 | -€1.3m | -€4.4m | ▼ 230% |
| Transfer from tax-exempt reserves789 | - | - | €6,961 | €0 | - | - |
| Transfer to tax-exempt reserves689 | - | €7,739 | €1,175 | €0 | - | - |
| Profit (loss) for the period to be appropriated9905 | €1.3m | €442,981 | €877,396 | -€1.3m | -€4.4m | ▼ 230% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €40.8m | €41.4m | €42.2m | €58.1m | €59.6m | ▲ 2.5% |
| Fixed assets21/28 | €31.2m | €32.9m | €33.4m | €48.3m | €48.0m | ▼ 0.7% |
| Intangible fixed assets21 | €1.6m | €1.9m | €2.4m | €2.5m | €2.4m | ▼ 5.2% |
| Tangible fixed assets22/27 | €4.6m | €4.9m | €4.4m | €4.2m | €3.3m | ▼ 20.3% |
| Land and buildings22 | €3.1m | €2.7m | €2.5m | €2.2m | €2.1m | ▼ 7.7% |
| Plant, machinery and equipment23 | €1.5m | €2.1m | €1.9m | €1.9m | €1.3m | ▼ 34.7% |
| Furniture and vehicles24 | €14,258 | €30,723 | €22,136 | €32,455 | €22,561 | ▼ 30.5% |
| Financial fixed assets28 | €25.0m | €26.1m | €26.6m | €41.6m | €42.2m | ▲ 1.5% |
| Affiliated companies280/1 | €25.0m | €26.1m | €26.6m | €41.6m | €42.2m | ▲ 1.5% |
| Participating interests280 | €25.0m | €26.1m | €26.6m | €41.6m | €42.2m | ▲ 1.5% |
| Other financial fixed assets284/8 | €1,503 | €1,503 | €1,503 | €200 | €200 | = |
| Amounts receivable and cash guarantees285/8 | €1,503 | €1,503 | €1,503 | €200 | €200 | = |
| Current assets29/58 | €9.5m | €8.5m | €8.7m | €9.8m | €11.7m | ▲ 18.5% |
| Stocks and contracts in progress3 | €4.6m | €5.0m | €5.3m | €5.3m | €4.9m | ▼ 8.2% |
| Stocks30/36 | €4.6m | €5.0m | €5.3m | €5.3m | €4.9m | ▼ 8.2% |
| Raw materials and consumables30/31 | €539,077 | €564,591 | €505,317 | €502,468 | €406,338 | ▼ 19.1% |
| Work in progress32 | €4.0m | €4.4m | €4.7m | €4.8m | €4.5m | ▼ 7.5% |
| Finished goods33 | €13,145 | €1 | €29,087 | €823 | €13,157 | ▲ 1,499% |
| Goods purchased for resale34 | €4,398 | €6,602 | €31,081 | €16,891 | €20,143 | ▲ 19.2% |
| Amounts receivable within one year40/41 | €5.0m | €3.5m | €3.5m | €4.4m | €6.1m | ▲ 37.0% |
| Trade receivables40 | €2.3m | €3.4m | €2.8m | €4.1m | €3.1m | ▼ 25.7% |
| Other amounts receivable41 | €2.7m | €137,420 | €673,107 | €338,169 | €3.0m | ▲ 798% |
| Cash at bank and in hand54/58 | €1,111 | €1,397 | €589 | €37,839 | €585,148 | ▲ 1,446% |
| Deferred charges and accrued income490/1 | - | - | - | €7,142 | €79,734 | ▲ 1,016% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €40.8m | €41.4m | €42.2m | €58.1m | €59.6m | ▲ 2.5% |
| Equity10/15 | €10.6m | €11.0m | €11.9m | €10.2m | €3.8m | ▼ 62.4% |
| Contributions10/11 | €8.6m | €8.6m | €8.6m | €8.4m | €15.1m | ▲ 79.6% |
| Capital10 | €8.6m | €8.6m | €8.6m | €8.4m | €15.1m | ▲ 79.6% |
| Issued capital100 | €8.6m | €8.6m | €8.6m | €8.4m | €15.1m | ▲ 79.6% |
| Reserves13 | €5.5m | €5.5m | €5.5m | €5.4m | €474,477 | ▼ 91.2% |
| Non-distributable reserves130/1 | €343,338 | €343,338 | €343,338 | €336,132 | €336,132 | = |
| Legal reserve130 | €343,338 | €343,338 | €343,338 | €336,132 | €336,132 | = |
| Tax-exempt reserves132 | €140,584 | €148,323 | €142,537 | €138,345 | €138,345 | = |
| Distributable reserves133 | €5.0m | €5.0m | €5.0m | €4.9m | €0 | ▼ 100% |
| Profit (loss) carried forward14 | -€3.6m | -€3.2m | -€2.3m | -€3.6m | -€11.7m | ▼ 228% |
| Investment grants15 | €109,941 | €83,576 | €57,212 | €30,847 | €6,075 | ▼ 80.3% |
| Amounts payable17/49 | €30.2m | €30.4m | €30.3m | €47.9m | €55.8m | ▲ 16.4% |
| Amounts payable after more than one year17 | €26.2m | €25.9m | €25.7m | €25.6m | €44.2m | ▲ 73.0% |
| Financial debts170/4 | €26.2m | €25.9m | €25.7m | €25.6m | €44.2m | ▲ 73.0% |
| Subordinated loans170 | - | - | - | - | €31.8m | - |
| Credit institutions173 | €15.0m | €13.8m | €12.6m | €11.4m | €12.4m | ▲ 8.6% |
| Other loans174 | €11.2m | €12.1m | €13.1m | €14.2m | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €3.9m | €3.8m | €4.5m | €22.3m | €11.4m | ▼ 48.6% |
| Current portion of amounts payable after more than one year42 | €1.2m | €1.2m | €1.2m | €8.6m | €1.9m | ▼ 78.2% |
| Financial debts43 | - | - | - | - | €3.0m | - |
| Credit institutions430/8 | - | - | - | - | €3.0m | - |
| Trade debts44 | €1.7m | €1.3m | €2.1m | €3.3m | €3.1m | ▼ 6.2% |
| Suppliers440/4 | €1.7m | €1.3m | €2.1m | €3.3m | €3.1m | ▼ 6.2% |
| Taxes, remuneration and social security45 | €1.0m | €1.2m | €1.2m | €1.0m | €1.0m | ▲ 0.6% |
| Taxes450/3 | €127,642 | €129,487 | €153,880 | €49,280 | €3,949 | ▼ 92.0% |
| Remuneration and social security454/9 | €908,030 | €1.1m | €1.0m | €987,955 | €1.0m | ▲ 5.2% |
| Other amounts payable47/48 | - | - | - | €9.3m | €2.4m | ▼ 74.1% |
| Accrued charges and deferred income492/3 | €21,013 | €671,196 | €64,695 | €67,981 | €110,749 | ▲ 62.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1.3m | €450,720 | €871,610 | -€1.3m | -€4.4m | ▼ 230% |
| + Depreciation and write-downs630 | €2.5m | €2.6m | €3.2m | €3.3m | €3.9m | ▲ 16.6% |
| Operating cash flow (approximation) | €3.9m | €3.0m | €4.0m | €2.0m | -€505,801 | ▼ 125% |
| Investment in fixed assets (approximation) | - | -€4.3m | -€3.7m | -€18.2m | -€3.6m | ▲ 80.5% |
| Change in cash | - | €287 | -€808 | €37,250 | €547,309 | ▲ 1,369% |
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
2026
01-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Weakest financial yearnet -€4.4m
Net result drops to -€4.4m, the lowest in the series.
31-12
Financial
Liquidity doublescurrent ratio 1.02
Current ratio from 0.44 to 1.02; short-term debt falls from €22.3m to €11.4m.
05-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
27-05
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
01-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
30-05
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Back to profitnet €1.3m
Net result €1.3m after 2 loss-making years.
31-12
Financial
Equity above €10mEq €10.6m ▲14%
Equity rises from €9.3m to €10.6m.
25-05
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
15-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 10 acts read
About the unread acts
We know of 10 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
10 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, Lochristi · 2 establishment units since 1981
Ground area
7.1 ha
Building footprint
2.6 ha
Volume, LiDAR
150,162 m³
2 parcels, Flanders · tallest building 9.3 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
Microflor afdeling Labo
since 19812.021.199.688
Microflor afdeling acclimatisatie en veredeling
since 20082.167.354.637
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44034C0651/00G000 | Flanders | 6.3 ha | 1 · 2.2 ha | 9.3 m · 2 fl. |
| 44034C0512/00W003 | Flanders | 8,252 m² | 1 · 4,086 m² | 7.7 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Part of the group
Floré
9 companies
Group, risk and exposure
Owners and holdings
2 owners · 2 holdingsChain of control
Highest known parent: Floré. The sources do not say who stands above it.
Owners 2
- MF HOLDparent100%
- FloréparentSourceLEI registerconsolidated
Holdings 2
- Microflor Biyoteknoloji ve Tarim Sanayi SASTRsubsidiarySourceown accounts 2025Equity €16.4mResult -€172,053100%
-
100%
According to the 2025 annual accounts of Microflor and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 10 entries · 82,898 EUR awarded · 82,898 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 3 | 16,977 EUR | 16,977 EUR |
| 2024 | 3 | 19,677 EUR | 19,677 EUR |
| 2023 | 2 | 23,017 EUR | 23,017 EUR |
| 2022 | 2 | 23,227 EUR | 23,227 EUR |
Recognitions · licences · registrations
Food safety, FASFC
2 sitesLochristi2.021.199.688
Lochristi2.167.354.637
Legal Entity Identifier
894500XP5FQ6RMFZW230
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Identification & contact
Identification
Legal formPublic limited company
Founded28-08-2019
Fiscal year end31-12
Activities, NACEBEL 2025
01191Growing of flowers
01309Crop and animal production, hunting and related service activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0733511525
Also
9925:BE0733511525
Registered
28-11-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.