Equity
€3.8m from €11.9m in 2023
Equity fell by 68% in 2 years.
Microflor
Overview
Lifetime
7 annual accounts with figures on one time axispeak €25.1m (2024)
€24.1m▼ 3.8%
lowest -€4.4m (2025)
-€4.4m▼ €3.1m
peak €11.9m (2023)
€3.8m▼ 62.4%
€55.8m▲ 16.4%
peak 166.1 FTE (2019)
123.8 FTE▲ 1.1%
Board8 names since 2019
3 directorsFlowers FB and 2 others
Owners2 names in the annual accounts
100%MF HOLD and 1 other
Documentsfilings and deeds
01-06-202660 days before the deadline
2025financial year
Loss of €4.4mMerger proposal: MICROFLOR takes over MF Hold 07-111 director appointed, 1 statutory auditor appointed, 2 reappo… 24-06Equity from €10.2m to €3.8mDebts from €47.9m to €55.8mCash from €37,839 to €585,148
Key points
from the 2025 annual accountsResult
-€4.4m ▼ 230%
The result fell in 2025: branch of activity transferred to ID'Flor.
Debts
€55.8m 94% of the balance sheet
Financial debts 85%Suppliers 6%Taxes and wages 2%Other 8%
€17.2m of the debts are secured on the company's own assets. In 2019 that was €17.0m.
Liquidity
1.02 was 0.44 in 2024
Short-term debts fell from €22.3m to €11.4m.
Restructuring
2
2 restructurings since 2024. Latest: merger with MF Hold.
Position in the sector
-€4.4m
Lower net result than 95% of companies in crop and animal production. Sector median €61,567 · 564 companies.
Checked score
79
Excellent
Financially stronger than 25% of medium-sized companies in crop and animal production (NACE 01)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.5% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 76 companies (NACE 01, medium-sized).
About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.3%
01-2025: 0.3%● unchanged vs 12-2024
02-2025: 0.2%▼ -0.1 percentage points vs 01-2025lowest value
03-2025: 0.3%▲ +0.1 percentage points vs 02-2025
04-2025: 0.3%● unchanged vs 03-2025
05-2025: 0.3%● unchanged vs 04-2025
06-2025: 0.3%● unchanged vs 05-2025
07-2025: 0.4%▲ +0.1 percentage points vs 06-2025
08-2025: 0.4%● unchanged vs 07-2025
09-2025: 0.4%● unchanged vs 08-2025
10-2025: 0.4%● unchanged vs 09-2025
11-2025: 0.4%● unchanged vs 10-2025
12-2025: 0.4%● unchanged vs 11-2025
01-2026: 0.4%● unchanged vs 12-2025
02-2026: 0.4%● unchanged vs 01-2026
03-2026: 0.4%● unchanged vs 02-2026
04-2026: 0.4%● unchanged vs 03-2026
05-2026: 0.4%● unchanged vs 04-2026
06-2026: 0.4%● unchanged vs 05-2026
07-2026: 0.5%▲ +0.1 percentage points vs 06-2026highest value
08-2026: 0.5%● unchanged vs 07-2026highest value
09-2026: 0.5%● unchanged vs 08-2026highest value
10-2026: 0.5%● unchanged vs 09-2026highest value
11-2026: 0.5%● unchanged vs 10-2026highest value
Financial strengthWeak
Score breakdown
raises risk
Liquidity: current ratio 1.02, cash €585,148
Equity €3.8m (6.4% of total assets)
Loss of €4.4m, the second in a row (financial year 2025)
lowers risk
Sector: Crop and animal production, hunting and related service activities (NACE 01)
Calculation
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 01, medium-sized). It does better than 12% of them on solvency, 45% on liquidity, 25% on profitability and 18% 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 low class on 30-06-2025, 0.8% 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).
Credit verdict
Credit of up to €300,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.02 (0.44 in 2024), below the usual 1.5. Short-term debt is 19.2% and cash 1% of total assets. 93.6% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
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.
Signals
Seven signals.
lowers riskraises riskneutral
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 compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 11% of 565 sector peers (2025).
NBB · sector comparisonPosition among 565 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 days early
2024
56 days early
2023
65 days early
2022
60 days early
2021
62 days early
2020
67 days early
2019
46 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 59 days before the deadline. In the sector (NACE 01), the median for financial year 2024 was 3 days before the deadline, and 37% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 1 June (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
BO
3Flor BV (B.O.)
Director, since 15-05-2025
- MF HOLD 100%equity €15.5m (2025) · deed of 07-11-2025
- Floré consolidatedscore 93equity €44.6m (2025) · LEI register
Shares in 2 companies, Microflor Biyoteknoloji ve Tarim Sanayi SAS and Microflor SK s.r.o.
Board & ownershipRecent changes
Merger: Microflor takes over MF Hold
Capital from €8,408,969.45 to €27,657,191.59 · Capital from €27,657,191.59 to €15,101,080.80 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0733511525
Merger proposal: MICROFLOR takes over MF Hold
Appointment: VGD BEDRIJFSREVISOREN (statutory auditor) · Gazette deed
1 director appointed, 1 statutory auditor appointed, 2 reappointments
Reappointments: VHi and Flowers FB · Permanent representatives: Peter VAN HOYE, Febe Floré and Anja Hark Borrmann · Appointments: 3Flor BV and VGD Bedrijfsrevisoren (statutory auditor) · Gazette deed
Comparable companies
same main activity, the nearest in size| Company | ||||
|---|---|---|---|---|
| Microflor Lochristi | €24.1m | -8.7% | 6.4% | 123.8 |
| FlorAmor Lochristi | - | - | 26.6% | 72.7 |
| DEGUBEL Oostkamp | - | - | 16.2% | 20 |
| DEROOSE PLANTS Evergem | €7.4m | -5.7% | 11.9% | 49.8 |
| Opplant Belgium Opwijk | - | - | 70.1% | 14.2 |
| HANDELSKWEKERIJ DE WAELE HUBERT EN LODE Lochristi | - | - | 39.0% | 24.8 |
| LEYBAERT Lokeren | - | - | 49.5% | 33.6 |
Grey: the largest companies of the sector (crop and animal production (NACE 01)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as Microflor: growing of flowers (NACE 01191). They are smaller than Microflor: total assets between €7.4m and €28m, founded between 1990 and 2021.
Official details
Source: KBO- Status
- Active since 28-08-2019Normal situation
- Activity
- Growing of flowersNACE 01191and 1 other
- Joint committee
- 145Horticulture · annual accounts 2025
- Establishment units
- 2.021.199.6889080 Lochristi, since 10-07-1981
- 2.167.354.6379080 Lochristi, since 01-01-2008
- Financial year end
- 31 December
- Peppol
- Reachable since 28-11-2025
Annual accounts 2025
- €24.1m▼ 3.8%
- €4.4m▲ 230%
- €3.8m▼ 62.4%
- €59.6m▲ 2.5%
- Employeeson 31-12-2025
- 143▼ 3.4%
- Filing
- Filed on 01-06-2026, 60 days before the end of the filing period
Insights on Microflor
Solvency fell in 2025 from 17.6% to 6.4% because of the loss and higher long-term debts.
MF HOLD holds all the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
full format, filed on 01-06-2026, 60 days before the deadline€24.1m
▼ 3.8%
-€2.1m
▼ €2.8m
€1.8m
▼ 56.0%
-€505,801
▼ €2.5m
6.4%
▼ 11.2 percentage points
1.02
▲ 0.58
Money flows
of every €100 of turnover, €18.28 was lost in 2025Balance sheet
balance sheet total €59.6m on 31-12-2025What the company ownsHow it is paid for
in €m
in €m
Position in the sector
6.4%
Higher than 11% of 565 companies in 2025.
1.02
Higher than 30% of 550 companies in 2025.
-7.4%
Higher than 9% of 563 companies in 2025.
Microflor
Middle half of the sector
80% of the sector
Full accounts in crop and animal production (NACE 01)
Net result: bottom quarter · Equity: top quarter · Balance sheet total: top quarter · Working capital: middle half · Staff: top quarter
Staff
Men and women74% women
32.8 men and 91 women in full-time equivalents in 2025.
€61,604
Men €97,987, women €48,491 per full-time equivalent. Jobs differ, so this is not a pay gap.
-5 people
people who joined
people who left
In 2025, 12 people joined and 17 left. Training hours in 2025: 4,646. Agency workers: 25.3 on average.
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||
20/58 |
59.6m | 58.1m | 42.2m | 41.4m | 40.8m | 38.0m | 38.6m | |
21/28 |
48.0m | 48.3m | 33.4m | 32.9m | 31.2m | 29.7m | 30.7m | |
21 |
2.4m | 2.5m | 2.4m | 1.9m | 1.6m | 1.0m | 114,354 | |
22/27 |
3.3m | 4.2m | 4.4m | 4.9m | 4.6m | 3.6m | 4.5m | |
22 |
2.1m | 2.2m | 2.5m | 2.7m | 3.1m | 2.8m | 3.2m | |
23 |
1.3m | 1.9m | 1.9m | 2.1m | 1.5m | 758,581 | 1.2m | |
24 |
22,561 | 32,455 | 22,136 | 30,723 | 14,258 | 31,219 | 62,152 | |
28 |
42.2m | 41.6m | 26.6m | 26.1m | 25.0m | 25.0m | 26.1m | |
280/1 |
42.2m | 41.6m | 26.6m | 26.1m | 25.0m | 25.0m | 26.1m | |
280 |
42.2m | 41.6m | 26.6m | 26.1m | 25.0m | 25.0m | 26.1m | |
284/8 |
200 | 200 | 1,503 | 1,503 | 1,503 | 1,503 | 1,503 | |
285/8 |
200 | 200 | 1,503 | 1,503 | 1,503 | 1,503 | 1,503 | |
29/58 |
11.7m | 9.8m | 8.7m | 8.5m | 9.5m | 8.4m | 8.0m | |
3 |
4.9m | 5.3m | 5.3m | 5.0m | 4.6m | 4.9m | 5.5m | |
30/36 |
4.9m | 5.3m | 5.3m | 5.0m | 4.6m | 4.9m | 5.5m | |
30/31 |
406,338 | 502,468 | 505,317 | 564,591 | 539,077 | 469,220 | 435,634 | |
32 |
4.5m | 4.8m | 4.7m | 4.4m | 4.0m | 4.4m | 4.8m | |
33 |
13,157 | 823 | 29,087 | 1 | 13,145 | 2,511 | 256,254 | |
34 |
20,143 | 16,891 | 31,081 | 6,602 | 4,398 | 4,810 | 8,920 | |
40/41 |
6.1m | 4.4m | 3.5m | 3.5m | 5.0m | 3.5m | 2.4m | |
40 |
3.1m | 4.1m | 2.8m | 3.4m | 2.3m | 1.9m | 1.7m | |
41 |
3.0m | 338,169 | 673,107 | 137,420 | 2.7m | 1.6m | 747,156 | |
54/58 |
585,148 | 37,839 | 589 | 1,397 | 1,111 | 4,196 | 5,622 | |
490/1 |
79,734 | 7,142 | - | - | - | - | 10,361 | |
| Balance sheet: equity and liabilities | ||||||||
10/49 |
59.6m | 58.1m | 42.2m | 41.4m | 40.8m | 38.0m | 38.6m | |
10/15 |
3.8m | 10.2m | 11.9m | 11.0m | 10.6m | 9.3m | 9.8m | |
10/11 |
15.1m | 8.4m | 8.6m | 8.6m | 8.6m | 8.6m | - | |
10 |
15.1m | 8.4m | 8.6m | 8.6m | 8.6m | - | 8.6m | |
100 |
15.1m | 8.4m | 8.6m | 8.6m | 8.6m | 8.6m | 8.6m | |
13 |
474,477 | 5.4m | 5.5m | 5.5m | 5.5m | 5.5m | 5.5m | |
130/1 |
336,132 | 336,132 | 343,338 | 343,338 | 343,338 | 343,338 | - | |
130 |
336,132 | 336,132 | 343,338 | 343,338 | 343,338 | 343,338 | 343,338 | |
132 |
138,345 | 138,345 | 142,537 | 148,323 | 140,584 | 140,584 | 140,584 | |
133 |
0 | 4.9m | 5.0m | 5.0m | 5.0m | 5.0m | 5.0m | |
14 |
-11.7m | -3.6m | -2.3m | -3.2m | -3.6m | -4.9m | -4.4m | |
15 |
6,075 | 30,847 | 57,212 | 83,576 | 109,941 | 136,306 | 162,671 | |
17/49 |
55.8m | 47.9m | 30.3m | 30.4m | 30.2m | 28.7m | 28.8m | |
17 |
44.2m | 25.6m | 25.7m | 25.9m | 26.2m | 26.6m | 25.5m | |
170/4 |
44.2m | 25.6m | 25.7m | 25.9m | 26.2m | 26.6m | 25.5m | |
170 |
31.8m | - | - | - | - | - | - | |
173 |
12.4m | 11.4m | 12.6m | 13.8m | 15.0m | 16.2m | 15.8m | |
174 |
0 | 14.2m | 13.1m | 12.1m | 11.2m | 10.4m | 9.6m | |
42/48 |
11.4m | 22.3m | 4.5m | 3.8m | 3.9m | 2.0m | 3.3m | |
42 |
1.9m | 8.6m | 1.2m | 1.2m | 1.2m | 121,875 | 1.1m | |
43 |
3.0m | - | - | - | - | - | - | |
430/8 |
3.0m | - | - | - | - | - | - | |
44 |
3.1m | 3.3m | 2.1m | 1.3m | 1.7m | 1.0m | 946,050 | |
440/4 |
3.1m | 3.3m | 2.1m | 1.3m | 1.7m | 1.0m | 946,050 | |
45 |
1.0m | 1.0m | 1.2m | 1.2m | 1.0m | 885,671 | 1.2m | |
450/3 |
3,949 | 49,280 | 153,880 | 129,487 | 127,642 | 82,632 | 116,134 | |
454/9 |
1.0m | 987,955 | 1.0m | 1.1m | 908,030 | 803,040 | 1.1m | |
47/48 |
2.4m | 9.3m | - | - | - | - | - | |
492/3 |
110,749 | 67,981 | 64,695 | 671,196 | 21,013 | 109,941 | 100,966 | |
| Income statement | ||||||||
70/76A |
27.0m | 28.9m | 27.0m | 27.2m | 24.2m | 24.2m | 23.0m | |
70 |
24.1m | 25.1m | 23.8m | 24.6m | 22.0m | 22.2m | 22.7m | |
71 |
-347,547 | 924,224 | 304,653 | 396,034 | -410,161 | -636,674 | -587,793 | |
72 |
2.7m | 2.3m | 2.3m | 1.6m | 2.1m | 2.2m | - | |
74 |
508,893 | 602,310 | 497,266 | 569,450 | 470,616 | - | 858,868 | |
76A |
- | 0 | 98,542 | - | - | - | 10,500 | |
60/66A |
29.1m | 28.2m | 24.5m | 25.3m | 21.4m | 23.0m | 23.6m | |
60 |
9.1m | 10.0m | 8.3m | 8.3m | 6.9m | 9.8m | 10.2m | |
600/8 |
9.0m | 9.1m | 8.3m | 8.4m | 7.0m | 9.8m | - | |
609 |
92,879 | 847,092 | 34,795 | -27,718 | -67,949 | -29,476 | 250,488 | |
61 |
8.4m | 7.5m | 7.1m | 5.9m | 5.7m | 4.5m | 4.6m | |
62 |
7.6m | 7.2m | 7.0m | 6.9m | 6.2m | 6.0m | 6.7m | |
630 |
3.9m | 3.3m | 3.2m | 2.6m | 2.5m | 2.6m | 1.7m | |
631/4 |
- | 0 | -1.3m | 1.2m | - | 56,141 | - | |
640/8 |
70,308 | 163,148 | 67,900 | 105,379 | 53,704 | 58,252 | 45,157 | |
66A |
- | 0 | 90,234 | 248,306 | - | 6,794 | 330,173 | |
9901 |
-2.1m | 729,351 | 2.6m | 1.8m | 2.7m | 1.2m | -611,571 | |
75/76B |
326,488 | 282,063 | 257,042 | 41,727 | 26,410 | 28,892 | - | |
75 |
326,488 | 282,063 | 257,042 | 41,727 | 26,410 | 28,892 | 31,985 | |
751 |
202,992 | 1,311 | 35,653 | 8,918 | - | 27 | 1,204 | |
752/9 |
123,496 | 280,752 | 221,389 | 32,809 | 26,410 | 28,865 | 30,781 | |
65/66B |
2.6m | 2.3m | 2.0m | 1.4m | 1.5m | 1.7m | 611,617 | |
65 |
2.6m | 2.3m | 2.0m | 1.4m | 1.5m | 1.7m | 611,617 | |
650 |
2.2m | 2.0m | 1.6m | 1.2m | 1.2m | 1.1m | 381,736 | |
652/9 |
418,060 | 347,094 | 320,620 | 247,824 | 252,508 | 613,935 | 229,881 | |
9903 |
-4.4m | -1.3m | 871,610 | 450,720 | 1.3m | -485,103 | -1.2m | |
67/77 |
-12,000 | 393 | - | - | -2,083 | 2,049 | 2,450 | |
670/3 |
0 | 393 | - | - | - | 2,083 | 2,450 | |
77 |
12,000 | - | - | - | 2,083 | 34 | - | |
9904 |
-4.4m | -1.3m | 871,610 | 450,720 | 1.3m | -487,152 | -1.2m | |
789 |
- | 0 | 6,961 | - | - | - | - | |
689 |
- | 0 | 1,175 | 7,739 | - | - | - | |
9905 |
-4.4m | -1.3m | 877,396 | 442,981 | 1.3m | -487,152 | -1.2m | |
| Appropriation of the result | ||||||||
9906 |
-11.7m | -3.6m | -2.3m | -3.2m | -3.6m | -4.9m | -4.4m | |
14P |
-7.3m | -2.2m | -3.2m | -3.6m | -4.9m | - | -3.3m | |
| Social balance sheet | ||||||||
9087 |
123.8 | 122.4 | 139.5 | 147.1 | 144.8 | 150.9 | 166.1 | |
Men (FTE)1003 |
32.8 | 29.1 | 27.5 | 26 | 25.3 | 26.5 | - | |
Women (FTE)1003 |
91 | 93.3 | 112 | 121.1 | 119.5 | 124.4 | - | |
Agency workers1501 |
25.3 | 18.8 | 15.4 | 28.1 | 29.9 | 19.5 | - | |
Hours worked1013 |
186,124 | 187,032 | 192,058 | 212,019 | 206,261 | 207,691 | - | |
| Document | ||||||||
The notes to these accounts have 78 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 01-06-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 01-06-2026 | 2026-00135576 | |
| 31-12-2024 | full format | 05-06-2025 | 2025-00138025 | |
| 31-12-2023 | full format | 27-05-2024 | 2024-00098575 | |
| 31-12-2022 | full format | 01-06-2023 | 2023-00105026 | |
| 31-12-2021 | full format | 30-05-2022 | 2022-20040167 | |
| 31-12-2020 | full format | 25-05-2021 | 2021-15200216 | |
| 31-12-2019 | full format | 15-06-2020 | 2020-17100106 |
Subsidies and aid
Flemish government 2022 to 2025, 10 entries, €82,898 awarded, €82,898 paid
| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 3 | €16,977 | €16,977 |
| 2024 | 3 | €19,677 | €19,677 |
| 2023 | 2 | €23,017 | €23,017 |
| 2022 | 2 | €23,227 | €23,227 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| 1.8m | 4.1m | 5.7m | 4.4m | 5.3m | 3.8m | 1.0m | ||
| -505,801 | 2.0m | 4.0m | 3.0m | 3.9m | 2.1m | 465,836 | ||
| 2.0m | 17.4m | 2.7m | 3.7m | 3.1m | 1.4m | 53.1m | ||
| 547,309 | 37,250 | -808 | 287 | -3,086 | -1,426 | - | ||
| 209,189 | -12.4m | 4.2m | 4.7m | 5.6m | 6.4m | 4.7m | ||
| -8.7% | 2.9% | 10.8% | 7.5% | 12.5% | 5.5% | -2.7% | ||
| 6.4% | 17.6% | 28.2% | 26.6% | 26.0% | 24.5% | 25.4% | ||
| 1.02 | 0.44 | 1.94 | 2.26 | 2.44 | 4.16 | 2.44 | ||
| 0.59 | 0.20 | 0.77 | 0.93 | 1.27 | 1.72 | 0.75 | ||
| 14.50 | 4.68 | 2.55 | 2.75 | 2.85 | 3.09 | 2.94 | ||
| -114.6% | -13.0% | 7.3% | 4.1% | 12.5% | -5.2% | -12.2% | ||
| -7.4% | -2.3% | 2.1% | 1.1% | 3.3% | -1.3% | -3.1% | ||
| 0.81 | 2.04 | 3.50 | 3.72 | 4.41 | 3.43 | 2.75 | ||
| 46 days | 60 days | 43 days | 50 days | 38 days | 31 days | 27 days | ||
| 65 days | 69 days | 50 days | 34 days | 48 days | 26 days | 23 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.
Social balance sheet
| Item | 31-12-2025 | 31-12-2024 | 31-12-2023 | 31-12-2022 | 31-12-2021 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 143 | 148 | 152 | 168 | 173 |
| full-time | 62 | 63 | 68 | 81 | 80 |
| part-time | 81 | 85 | 84 | 87 | 93 |
| in full-time equivalents | 120.1 | 123.8 | 132.8 | 147.2 | 149 |
| 123.8 | 122.4 | 139.5 | 147.1 | 144.8 | |
| On a permanent contract | 136 | 136 | 151 | 158 | 161 |
| Joined | 12 | 14 | 7 | 19 | 78 |
| Left | 17 | 15 | 23 | 24 | 72 |
| Agency workers, average number | 25.3 | 18.8 | 15.4 | 28.1 | 29.9 |
| Training hours | 4,646 | 6,209 | 8,688 | 10,608 | 4,117 |
Source: social balance sheet in the 2021 to 2025 annual accounts
Securities and guarantees
on own assets and for others| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Debts secured on the company's own assets | €17.2m | €12.6m | €13.8m | €15.0m | €16.2m |
| Mortgages, amount registered | €380,000 | €380,000 | €380,000 | €380,000 | €380,000 |
| €3.4m | - | - | - | - | |
| Carrying value of the mortgaged assets | €2.1m | €2.2m | €2.5m | €2.7m | €3.1m |
| €23.0m | €23.0m | €23.0m | €23.0m | €23.0m | |
| Carrying value of the other pledged assets | €45.6m | €25.0m | €27.1m | €25.0m | €27.3m |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €49,379 | €882,715 | €444,928 | €1.3m | €1.9m |
| Intangible fixed assets | €1.3m | €1.5m | €1.8m | €1.3m | €1.2m |
| Financial fixed assets | €634,531 | €15.0m | €487,355 | €1.1m | - |
| €3.9m | €3.3m | €3.2m | €2.6m | €2.5m |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Auditor
fees| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Fee for the audit | €20,000 | €19,538 | €18,220 | €15,902 | €14,281 |
| Other work by the auditor | €2,746 | - | - | - | - |
Source: notes to the 2021 to 2025 annual accounts (relations with the auditor)
Insights on Microflor
The operating result for 2025 is a loss of €2.1m, after a profit of €729,351 in 2024. It is the lowest result since 2019.
Debt's share of the balance-sheet total rises from 82.4% to 93.6%. Equity is lower and debt is higher.
Large changes and their cause
- 2025 Net result -230% on 2024. Partial demerger to ID'Flor, Official Gazette 03-09-2024, in the previous financial year. That operation now counts for a full year for the first time.
Board & ownership
Board
3 directors, 1 auditor, no change since 20253Flor BV (B.O.)
Director
since 15-05-2025
term until 15-05-2031
listed in the 2025 annual accounts, filed on 01-06-2026
Flowers FB BV
Director, permanent representative Febe Floré
current term since 15-05-2025
6-year term from 2025
also on the board of 8 other companies
listed in the 2025 annual accounts, filed on 01-06-2026
VHi BV
Director, permanent representative Peter VAN HOYE
current term since 15-05-2025
2-year term from 2025
also on the board of 5 other companies
listed in the 2025 annual accounts, filed on 01-06-2026
Statutory auditor
since 15-05-2025
term until 18-05-2028
listed in the 2025 annual accounts, filed on 01-06-2026
- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- Two directors jointlydeed of 09-09-2019
Permanent representatives 2
Mandates through the years
8 names, the dashed line is todayFlowers FB
Director
Director
VHi
Director
Director
3Flor BV (B.O.)
Director
Director
VGD Bedrijfsrevisoren
Statutory auditor
Statutory auditor
3Flor BV
Director
Director
3Flor BV
Director
Director
Ronie Van Rysselberghe
Director
Director
GRANT THORNTON BEDRIJFSREVISOREN - REVISEURS D'ENTREPRISES
Statutory auditor
Statutory auditor
BoardEarlierRest of the termend not dated
Mandates as a list
- Flowers FB
- Director, from 29-08-2019 to date
- Managing director, appointed by deed of 09-09-2019, last mentioned in 2019
- VHi
- Director, from 29-08-2019 to date
- Managing director, appointed by deed of 09-09-2019, last mentioned in 2019
- 3Flor BV (B.O.)
- Director, from 15-05-2025 to date
- VGD Bedrijfsrevisoren
- Statutory auditor, from 15-05-2025 to date
- 3Flor BV
- Director, appointed by deed of 24-06-2025, no longer listed in the 2025 annual accounts
- 3Flor BV
- Director, appointed by deed of 24-06-2025, no longer listed in the 2025 annual accounts
- Ronie Van Rysselberghe
- Director, from 29-08-2019 to 05-10-2022
- GRANT THORNTON BEDRIJFSREVISOREN - REVISEURS D'ENTREPRISES
- Statutory auditor, appointed by deed of 18-12-2019, no longer listed in the 2025 annual accounts
Control
100%
This company
Microflor
Equity €3.8m
Loss €4.4m in 2025
Capital
- Capital
- €27,657,191.59
- Shares
- 2,145 in the 2025 annual accounts
- Source
- deed of 08-01-2026
Owners through the years
as the annual accounts name themOwners as a list
- MF HOLD
- Floré
Source: parent in its own accounts, lists of holdings in the owners' accounts
Articles of association
deed of 09-09-2019 (in Dutch)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- Term of at most 6 years
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Third Thursday of May at 13:00
Shareholders
2 ownersOwners 2
- MF HOLDparentEquity €15.5m Loss of €113,254 in 2025 (loss of €982,022 in 2024)100%
- FloréparentEquity €44.6m Profit of €1.9m in 2025 (profit of €8.7m in 2024) Checked score 93SourceLEI registerconsolidated
Capital transactions
Shareholders according to the deeds
Stated in the deed
deed of 03-09-2024 ↗
- MF Hold (BE 0733.564.577) all shares
Stated in the deed
deed of 18-04-2024 ↗
- MF HOLD (BE 0733.564.577) all shares
Capital over time
- 08-01-2026 Capital increase of €19,248,222.14 · to €27,657,191.59
- 08-01-2026 Capital reduction of €12,556,110.79 · to €15,101,080.80
- 03-09-2024 Capital reduction of €180,265.01 · “vermindering van het eigen vermogen en formele vermindering van het kapitaal”
- 09-09-2019 Incorporation · €8,589,234.46 · 1,407 shares
Network & group
Holdings
own 2025 accountsThis companyMicroflor2 holdings, 2 countries
2025 accounts
Europe 2 Equity Result
- TR Microflor Biyoteknoloji ve Tarim Sanayi SAS €16.4m result -€172,053
- SK Microflor SK s.r.o. €7.2m result €6.3m
Source: list of holdings in its own 2025 accounts. The amounts are in that list and come from the holdings' accounts at 31-12-2024, in their own currency.
Part of the group Floré Group, risk and exposureParent
MF HOLD
no longer active0733.564.577 · 100% of the shares · equity €15.5m · loss €113,254 (2025)
Earlier ties
| FLOREAC via VHi (no longer at FLOREAC) and Flowers FB (no longer at FLOREAC) · Director · deeds of 29-06-2023 and 14-01-2021 founded in 1981 · group Floré |
79 FTE (2025) |
| Ostroplant via Flowers FB, no longer at Ostroplant · Director · deed of 29-06-2023 founded in 1988 |
4.8 FTE (2025) |
Holdings and subsidiaries
2 holdingsHoldings 2
Share, source and own figures per holding (2)
Source for every holding own accounts 2025
- Microflor Biyoteknoloji ve Tarim Sanayi SASTRsubsidiaryEquity €16.4mResult -€172,053100%
- Microflor SK s.r.o.SKsubsidiaryEquity €7.2mResult €6.3m100%
Acquisitions and mergers
2 transactionsConnections & network
4 connected companiesThis company
Company
Director
Shareholding
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Linked via shared directors
→
HORTIBREED
No longer active · 1 FTE (2024)
→
Timeline
Timeline
24 events since 2019Board
Capital
Filings
Financial
Permits
Establishments
Other
2020202220242026
Deadline for the 2026 accounts: 31-07-2027
2026
Annual accounts 2025 filed PDFfull format · 60 days before the deadline
Merger: Microflor takes over MF HoldCapital from €8,408,969.45 to €27,657,191.59 · Capital from €27,657,191.59 to €15,101,080.805 points ▸
- Auditor report, 11-12-2025
- Accounting effect, 01-07-2025
- Capital increase, €19,248,222.14
- Capital decrease, €12,556,110.79
- Amendment of the articles, article 5
- The deed holds 12 more points.
2025
Weakest financial year net -€4.4m The net result drops to -€4.4m, the lowest from 2019 to 2025.
Liquidity more than doubled current ratio 1.02 The current ratio rises from 0.44 to 1.02. Short-term debt falls from €22.3m to €11.4m.
Registered in the Peppol Directory Reachable for e-invoices through 0208:0733511525
Merger proposal: MICROFLOR takes over MF HoldAppointment: VGD BEDRIJFSREVISOREN (statutory auditor)4 points ▸
- Accounting effect, 01-07-2025
- Auditor appointment, VGD BEDRIJFSREVISOREN, mentioned twice in the deed
- Power of attorney, FLOWERS FB
- Power of attorney, VHi
- The deed holds 10 more points.
1 director appointed, 1 statutory auditor appointed, 2 reappointmentsReappointments: VHi and Flowers FB · Permanent representatives: Peter VAN HOYE, Febe Floré and Anja Hark Borrmann · Appointments: 3Flor BV and VGD Bedrijfsrevisoren (statutory auditor)7 points ▸
- Director reappointment, VHi
- Permanent representative, Peter VAN HOYE
- Director reappointment, Flowers FB
- Permanent representative, Febe Floré
- Director appointment, 3Flor BV
- Permanent representative, Anja Hark Borrmann
- Auditor appointment, VGD Bedrijfsrevisoren (statutory auditor)
Annual accounts 2024 filed PDFfull format · 56 days before the deadline
2024
- MF Hold holds all the shares
- General meeting, 24-05-2024
- Capital decrease, €180,265.01
- Capital, €8,408,969.45, 1,407 shares
- Power of attorney, VHi, mentioned twice in the deed
- Power of attorney, FLOWERS FB
- Power of attorney, Chantal TEIRLYNCK
- Power of attorney, Sara De Groote
- The deed holds 18 more points.
Annual accounts 2023 filed PDFfull format · 65 days before the deadline
Demerger proposal: MICROFLOR splits off to ID' FLORAppointment: VGD BEDRIJFSREVISOREN (statutory auditor) · Permanent representatives: Febe FLORÉ and Peter VAN HOYE · MF HOLD holds all the shares5 points ▸
- Accounting effect, 01-01-2024
- Auditor appointment, VGD BEDRIJFSREVISOREN
- MF HOLD holds all the shares
- Permanent representative, Febe FLORÉ
- Permanent representative, Peter VAN HOYE
- The deed holds 14 more points.
2023
Annual accounts 2022 filed PDFfull format · 60 days before the deadline
2022
Reappointment: Grant Thornton Bedrijfsrevisoren (statutory auditor)Permanent representative: Febe Floré · General meeting of 19-05-20223 points ▸
- General meeting, 19-05-2022
- Auditor reappointment, Grant Thornton Bedrijfsrevisoren (statutory auditor)
- Permanent representative, Febe Floré
- The deed holds 1 more point.
1 director resigningRonie Van Rysselberghe · Permanent representatives: Peter Van Hoye and Febe Floré · General meeting of 19-05-20224 points ▸
- General meeting, 19-05-2022
- Director resignation, Ronie Van Rysselberghe
- Permanent representative, Peter Van Hoye
- Permanent representative, Febe Floré
Annual accounts 2021 filed PDFfull format · 62 days before the deadline
2021
Back to profit net €1.3m The net result is €1.3m, after 2 loss-making years.
Equity above €10m equity €10.6m ▲14% Equity rises from €9.3m to €10.6m.
Annual accounts 2020 filed PDFfull format · 67 days before the deadline
2020
Environmental permit granted OmgevingsloketNieuwbouw of aanleggen, Slopen of verwijderen, Verbouwen en/of uitbreiden zonder functiewijziging en zonder wijziging van aantal woongelegenheden and 1 more · Provincie Oost-Vlaanderen
Annual accounts 2019 filed PDFfull format · 46 days before the deadline
2019
Appointment: Grant Thornton Bedrijfsrevisoren (statutory auditor)Permanent representative: Elie Janssens · General meeting of 28-11-20193 points ▸
- General meeting, 28-11-2019
- Auditor appointment, Grant Thornton Bedrijfsrevisoren (statutory auditor)
- Permanent representative, Elie Janssens
Permanent representative: Febe Floré1 point ▸
- Permanent representative, Febe Floré
- The deed holds 1 more point.
IncorporationFounding capital of €8,589,234.46, 1,407 shares · Demerger: Floréac splits off to MICROFLOR · Appointments: VHi (managing director), Flowers FB (managing director) and Ronie Van Rysselberghe · published on 09-09-20198 points ▸
- Founding capital, €8,589,234.46, 1,407 shares
- Director appointment, VHi
- Director appointment, Flowers FB
- Director appointment, Ronie Van Rysselberghe
- Permanent representative, VAN HOYE Peter
- Permanent representative, FLORE Febe
- Director appointment, VHi (managing director)
- Director appointment, Flowers FB (managing director)
- The deed holds 5 more points.
2 establishments taken over Lochristi · in the KBO since 1981
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Identity
- Enterprise number
- 0733.511.525
- VAT number
- BE 0733.511.525
- Peppol ID
- 0208:0733511525
- Other Peppol ID
- 9925:BE0733511525
- LEI code
- 894500XP5FQ6RMFZW230 live in the LEI register
- Legal form
- Public limited company
- Status
- Active, normal situation
- Founded
- 28-08-2019
- Financial year
- ends on 31 December
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Third Thursday of May at 13:00deed of 09-09-2019 (in Dutch)
- Peppol
- Reachable since 28-11-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- Microflor in Dutch
- Name in the Peppol Directory
- Floré - Microflor NV
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 09-09-2019 (in Dutch)
- Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
- “Vlaams Gewest”deed of 09-09-2019 (in Dutch)
Activities
NACEBEL 2025VAT activities
01191
Growing of flowers main activity
Social security (RSZ) activities
01191
Growing of flowers main activity
Joint committees annual accounts 2025
JC 145
Horticulture
Codes under NACEBEL 2008
VAT activities
01191
Growing of flowers main activity
01309
Crop and animal production, hunting and related service activities
Social security (RSZ) activities
01191
Growing of flowers main activity
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “De teelt en selectie van, evenals de commercialisering van bloemen en planten, land- en tuinbouwproducten en meer algemeen van alle…”deed of 07-11-2025 (in Dutch)
13 activities
- De teelt en selectie van, evenals de commercialisering van bloemen en planten, land- en tuinbouwproducten en meer algemeen van alle natuurlijke producten of gewassen in de meest brede zin van het woord en alle daarmee verband houdende producten, groot-en kleinhandel:
- Het ontwikkelen en selecteren van nieuwe of bestaande land- en tuinbouwproducten en alle andere natuurlijke producten of gewassen die voor in vitro vermeerdering in labo of via andere technieken vatbaar zijn;
- Het propageren, vermeerderen en produceren via in vitro- en andere labo en klassieke technieken, en de afharding van plantaardig uitgangsmateriaal evenals van natuurlijke producten of gewassen;
- De import en export van planten, plantaardig uitgangsmateriaal en alle andere natuurlijke producten of gewassen in de meest brede zin van het woord en alle daarmee verband houdende producten;
- Het onderzoek naar en ontwikkeling van alle mogelijke natuurlijke of industriële technieken ter verbetering en/of efficiëntieverhoging van veredeling, vermeerdering en afharding van de voormelde land- en tuinbouwproducten en ruimer alle natuurlijke producten of gewassen;
- Het uittesten van nieuwe rassen, teelten, teeltprocessen en serres;
- Technieken in proeftuingebouwen en
- Het aanvragen en beheren van patenten, octrooien en andere intellectuele eigendomsrechten en aanvullend het ontwikkelen, beheren en beschermen van bedrijfsgeheimen die gewild of ongewild niet onder klassieke vormen van intellectuele eigendomsrechten valien;
- Het nemen van licenties van intellectuele eigendomsrechten, het beheren van intellectuele eigendomsrechten of ruimer bedrijfsgeheimen of licenties daarvan alsook hen innen van royalties of enig andere vorm van vergoeding daarvoor, voor eigen rekening of voor rekening van derden:
- Het uitvoeren van technische studies voor werktuigen, de inrichting van fabrieken en andere zaken die voortvloeien uit het bovenstaand onderzoek en ontwikkeling;
- Het uitvoeren van studies voor- en opstellen van lastenboeken naar architecten, bouwbedrijven en productiebedrijven van machines allerhande;
- Het beheer en verdere uitbouw van roerend en onroerend goed dienstig voor alle andere hier opgesomde doelen;
- Het waarnemen van alle functies die kaderen in het beheer van vennootschappen
Registered office and establishments
2 establishments| Establishment | Since | Unit number | FASFC approval |
|---|---|---|---|
| Microflor afdeling Labo Kasseitje 111A, 9080 Lochristi | 10-07-1981 | 2.021.199.688 | Propagating farm - other planting and propagating material with a plant passport |
| Microflor afdeling acclimatisatie en veredeling registered office Lichtelarestraat 87, 9080 Lochristi | 01-01-2008 | 2.167.354.637 | Propagating farm - other planting and propagating material with a plant passport |
Buildings and parcels at the addresses
- Ground area
- 7.1 ha
- Buildings
- 2.6 ha
- Volume, LiDAR
- 150,162 m³
- Tallest building
- 9.3 m
Buildings to scale, each on its own parcel
Environmental permits
2 applications in Flanders since 2019 · 1 granted| 02-07-2020 | Granted | Nieuwbouw of aanleggen; Slopen of verwijderen; Verbouwen en/of uitbreiden zonder functiewijziging en zonder wijziging van aantal woongelegenheden; Verbouwen / Wijzigen Infrastructuur submitted 23-12-2019 · project 2019155648 | Provincie Oost-Vlaanderen |
| 10-12-2019 | Discontinued | Verbouwen en/of uitbreiden zonder functiewijziging en zonder wijziging van aantal woongelegenheden submitted 13-11-2019 · project 2019135766 | Provincie Oost-Vlaanderen |
Source: Omgevingsloket Vlaanderen.
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 44034C0651/00G000 | 6.3 ha | 1 · 2.2 ha | 9.3 m · 2 |
| 44034C0512/00W003 | 8,252 m² | 1 · 4,086 m² | 7.7 m · 2 |
Recognitions
Food safety, FASFC
2 sitesLochristiunit number 2.021.199.688
Lochristiunit number 2.167.354.637