TGV-AGRO
ActiveSummary
TGV-AGRO has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €47k and a net result of €98k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 20% of 1851 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
64
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+26
Solvency40▲+32
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2.5k at 30 days acceptable
Liquidity short (current ratio 0.68 against 0.48 in 2024; short-term debt: 77.1% and cash: 16.3% of total assets), and 84.8% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 49
Relative position
BE, all sectors
reference
Sector 49
higher
← fewer bankruptcies
more bankruptcies →
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 · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 1851 sector peers (2025).
NBB · sector comparisonPosition among 1851 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 26-09-2025, 35 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
35 d early
2024
37 d early
2023
64 d early
2022
4 d early
2021
5 d early
2020
4 d early
2019
31 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
31-03-2026 close24-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€47k
2024 · €-51k
2019: €12k
2020: €21k
2021: €-62k
2022: €-99k
2023: €-62k
2024: €-51k
2019 → 2025
Total assets
€308k▲ 4.0%
2024 · €297k
2019: €1.02M
2020: €915k
2021: €617k
2022: €498k
2023: €266k
2024: €297k
2019 → 2025
Net result
€98k▲ 756%
2024 · €11k
2019: €-51k
2020: €9k
2021: €-83k
2022: €-37k
2023: €37k
2024: €11k
2019 → 2025
Working capital
€-77k▲ 57.8%
2024 · €-182k
2019: €-415k
2020: €-313k
2021: €-331k
2022: €-309k
2023: €-212k
2024: €-182k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-62k-€-99k▼ 60.0%€-62k▲ 37.4%€-51k▲ 18.3%€47k
Operating result€-74k-€-31k▲ 58.2%€38k€14k▼ 63.7%€99k▲ 624%
Net result€-83k-€-37k▲ 55.2%€37k€11k▼ 69.4%€98k▲ 756%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 624% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €308k
Fixed assets
€148k ▲ 12.4%
Current assets
€161k ▼ 2.7%
Equity and liabilities €308k
Equity
€47k
Debt
€262k
Debt finances 84.8% of the balance-sheet total.
Key figures and ratios
EBITDA
€119k▲
2024 · €42k
Cash flow
€117k▲
2024 · €40k
Current ratio
0.68▲
2024 · 0.48
Debt to equity
5.60▲
2024 · -6.83
ROE
208.8%
ROA
31.7%▲
2024 · 3.8%
Interest coverage
58.44▲
2024 · 17.89
Debt ≤ 1 year
€238k▼
2024 · €347k
Debt > 1 year
€23k▲
2024 · €0
Staff costs
€42k▲
2024 · €38k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 53 lines
Balance sheet
Code20242025
Assets
Total assets20/58€297k€308k▲
Fixed assets21/28€131k€148k▲
Tangible fixed assets22/27€131k€147k▲
Land and buildings22€105k€94k▼
Plant, machinery and equipment23€25k€18k▼
Furniture and vehicles24€1k€399▼
Leasing and similar rights25-€35k
Financial fixed assets28€420€420=
Current assets29/58€165k€161k▼
Amounts receivable within one year40/41€82k€106k▲
Trade receivables40€80k€99k▲
Other amounts receivable41€2k€7k▲
Cash at bank and in hand54/58€73k€50k▼
Deferred charges and accrued income490/1€9k€5k▼
Equity and liabilities
Total equity and liabilities10/49€297k€308k▲
Equity10/15€-51k€47k▲
Contributions10/11€19k€19k=
Reserves13€45k€45k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€43k€43k=
Profit (loss) carried forward14€-115k€-17k▲
Amounts payable17/49€347k€262k▼
Amounts payable after more than one year17€0€23k▲
Financial debts170/4€0€23k▲
Amounts payable within one year42/48€347k€238k▼
Current portion of amounts payable after more than one year42€10k€6k▼
Financial debts43€0-
Credit institutions430/8€0-
Trade debts44€75k€57k▼
Suppliers440/4€75k€57k▼
Advances received on contracts in progress46€44k€0▼
Taxes, remuneration and social security45€4k€9k▲
Taxes450/3€191€4k▲
Remuneration and social security454/9€4k€6k▲
Other amounts payable47/48€215k€166k▼
Accrued charges and deferred income492/3-€518
Income statement
Code20242025
Non-recurring operating income76A€0€78k▲
Remuneration, social security and pensions62€38k€42k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€28k€19k▼
Other operating charges640/8€614€1k▲
Gross operating margin9900€81k€162k▲
Operating profit (loss)9901€14k€99k▲
Financial income75/76B€2€132▲
Recurring financial income75€2€132▲
Financial charges65/66B€2k€2k▼
Recurring financial charges65€2k€2k▼
Profit (loss) for the period before taxes9903€11k€98k▲
Profit (loss) for the period9904€11k€98k▲
Profit (loss) for the period to be appropriated9905€11k€98k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-115k€-17k▲
Profit (loss) brought forward from the previous period14P€-126k€-115k▲
Social balance
Average headcount (FTE)90870.81.0▲
The notes to these accounts (18 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
2025
26-09
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
31-03
Financial
Highest result since 2019net €98k ▲756%
Operating result €99k, net result €98k, both a record.
2024
24-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2023
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
31-03
Financial
Back to profitnet €37k
Net result €37k after 2 loss-making years.
2022
27-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2021
26-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
31-03
Financial
Weakest financial yearnet €-83k ▼1061%
Net result drops to €-83k, the lowest in the series; recovery starts the following year.
2020
27-10
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
31-03
Financial
Back to profitnet €9k
Net result €9k after one loss-making year.
2019
30-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
01-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
26-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
26-10
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Gingelom · 1 establishment unit since 2005
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.
Truilingenstraat 853891 GingelomGround area
5,625 m²
Building footprint
1,084 m²
Parcel 71010B0487/00A000, Flanders. Linked by address, not a title deed.
1 establishment unit
TGV-AGRO BVBA
since 20052.147.121.328
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71010B0487/00A000 | Flanders | 5,624 m² | 1 · 1,084 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2023 to 2025 · 3 entries · 329 EUR awarded · 329 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 0 EUR | 198 EUR |
| 2024 | 1 | 198 EUR | 0 EUR |
| 2023 | 1 | 131 EUR | 131 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Food safety, FASFC
1 siteGingelom2.147.121.328
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Of 12,604 companies in sector 49410 we hold annual accounts for 8,202. 5,959 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded20-05-2005
Fiscal year end31-03
Activities, NACEBEL 2025
01610Support activities for crop production
49410Freight transport by road
81300Landscape service activities
Sources
Crossroads Bank for EnterprisesNational Bank · 20 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.