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PRIVAGRO

Active
Private limited companyfounded 20242 yrs activeMeiweg 2, 8930 Menen, BelgiumKBO/BCE: BE 1005.224.361
Summary

The computed 12-month bankruptcy probability of PRIVAGRO is 2.1% (moderate). The 2025 annual accounts show equity of €51,574 and a net result of €46,574. Its solvency ranks better than 60% of 28281 sector peers (fiscal year 2025). The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes
Profitability100
Solvency81
Growth-
Track record67
Bankruptcy probability, 12 months
2.1% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,500 at 30 days acceptable
Liquidity ample (current ratio 2.17; short-term debt: 43.5% and cash: 52.7% of total assets), and 43.5% of the assets are financed with debt.
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Signals

Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 2 years 0 10 y
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
56.5%
Return on assets
51%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 18-08-2026, 18 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 1 filing
Deviation from the deadline
2025
18 d late
← before the deadline after the deadline →
Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 26 January 2024, PRIVAGRO was incorporated as a Private limited company.1 The company has filed annual accounts once, for fiscal year 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2025

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Financials · fiscal year 2025, micro schema

Equity
€51,574
Total assets
€91,326
Net result
€46,574
Working capital
€46,323

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

Balance-sheet composition
Assets €91,326
Fixed assets €5,251
Current assets €86,075
Equity and liabilities €91,326
Equity €51,574
Debt €39,752
Debt finances 43.5% of the balance-sheet total.
Key figures and ratios
2025 value
EBITDA
€65,322
Cash flow
€48,323
Current ratio
2.17
Debt to equity
0.77
ROE
90.3%
ROA
51.0%
Interest coverage
378.74
Debt ≤ 1 year
€39,752
Income taxes
€16,826

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 96% 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
96% 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 2.1% 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 497,338 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% 1.9%
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% 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 · 2025 · 38 lines
Balance sheet Code2025
Assets
Total assets20/58€91,326
Fixed assets21/28€5,251
Tangible fixed assets22/27€5,251
Furniture and vehicles24€5,251
Current assets29/58€86,075
Amounts receivable within one year40/41€37,101
Trade receivables40€34,457
Other amounts receivable41€2,644
Cash at bank and in hand54/58€48,128
Deferred charges and accrued income490/1€846
Equity and liabilities
Total equity and liabilities10/49€91,326
Equity10/15€51,574
Contributions10/11€5,000
Reserves13€46,000
Distributable reserves133€46,000
Profit (loss) carried forward14€574
Amounts payable17/49€39,752
Amounts payable within one year42/48€39,752
Trade debts44€7,217
Suppliers440/4€7,217
Taxes, remuneration and social security45€7,326
Taxes450/3€7,326
Other amounts payable47/48€25,209
Income statement Code2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,749
Other operating charges640/8€2,486
Gross operating margin9900€67,808
Operating profit (loss)9901€63,573
Financial income75/76B€0
Recurring financial income75€0
Financial charges65/66B€172
Recurring financial charges65€172
Profit (loss) for the period before taxes9903€63,400
Income taxes67/77€16,826
Profit (loss) for the period9904€46,574
Profit (loss) for the period to be appropriated9905€46,574
Appropriation of the result
Profit (loss) to be appropriated9906€46,574
Transfer to equity691/2€46,000
To the legal reserve6920€46,000

The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,749
Other operating charges640/8€2,486
Gross operating margin9900€67,808
Operating profit (loss)9901€63,573
Financial income75/76B€0
Recurring financial income75€0
Financial charges65/66B€172
Recurring financial charges65€172
Profit (loss) for the period before taxes9903€63,400
Income taxes67/77€16,826
Profit (loss) for the period9904€46,574
Profit (loss) for the period to be appropriated9905€46,574
Line2025
Assets
Total assets20/58€91,326
Fixed assets21/28€5,251
Tangible fixed assets22/27€5,251
Furniture and vehicles24€5,251
Current assets29/58€86,075
Amounts receivable within one year40/41€37,101
Trade receivables40€34,457
Other amounts receivable41€2,644
Cash at bank and in hand54/58€48,128
Deferred charges and accrued income490/1€846
Equity and liabilities
Total equity and liabilities10/49€91,326
Equity10/15€51,574
Contributions10/11€5,000
Reserves13€46,000
Distributable reserves133€46,000
Profit (loss) carried forward14€574
Amounts payable17/49€39,752
Amounts payable within one year42/48€39,752
Trade debts44€7,217
Suppliers440/4€7,217
Taxes, remuneration and social security45€7,326
Taxes450/3€7,326
Other amounts payable47/48€25,209
Line2025
Profit (loss) for the period9904€46,574
+ Depreciation and write-downs630€1,749
Operating cash flow (approximation)€48,323

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2026
18-08
NBB filing Annual accounts filed
fiscal year 2025 · micro schema · 18 days late
NBB filing
0 of 2 acts read
About the unread acts

We know of 2 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
2 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, Menen · 1 establishment unit since 2024
seat establishment The establishment unit on the map
Ground area
581 m²
Building footprint
141 m²
Volume, LiDAR
573 m³
Parcel 34372A0496/00H003, Flanders · tallest building 5.4 m, ±1 floor. Linked by address, not a title deed.
3 companies at this address See who is registered here
1 establishment unit
PRIVAGRO
Meiweg 2, 8930 MenenSite preparation
since 20242.355.690.827
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
34372A0496/00H003 Flanders 581 m² 1 · 141 m² 5.4 m · 1 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.

Similar companies · same sector, comparable size

Of 8,465 companies in sector 43120 we hold annual accounts for 3,233. 2,507 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
Founded26-01-2024
Fiscal year end31-12
Activities, NACEBEL 2025
43120Site preparation
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID 0208:1005224361
Also 9925:BE1005224361
Registered 08-01-2026

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 29 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.