AGARIS BELGIUM
ActiveSummary
AGARIS BELGIUM has been active since 1984 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.94M and a net result of €-952k. Equity is shrinking by ~24.7% per year across the filed fiscal years. Its solvency ranks better than 10% of 267 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
48
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability33▲+5
Solvency35▼-6
Growth38▲+1
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €140k at 30 days acceptable
Liquidity short (current ratio 0.82 against 1.17 in 2024; short-term debt: 89.5% and cash: 5.2% of total assets), and 90.2% of the assets are financed with debt.
Credit advice for your own amount and term
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 20
Relative position
BE, all sectors
reference
Sector 20
lower
← 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
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
9.8%
Return on assets
-3.2%
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
1919202122232425
2019 to 2025 · latest year €-952k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 267 sector peers (2025).
NBB · sector comparisonPosition among 267 sector peers
Solvency
better than 10%
← weakest
strongest →
neutral · A punctual record breaks
This company filed 4 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 07-09-2026, 38 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
38 d late
2024
21 d early
2023
8 d early
2022
31 d early
2021
13 d early
2020
10 d late
2019
41 d late
← before the deadline
after the deadline →
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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€68.88M▲ 9.7%
2024 · €62.81M
2019: €51.83M
2019: €37.92M
2020: €61.63M
2021: €66.34M
2022: €71.57M
2023: €60.50M
2024: €62.81M
2019 → 2025
EBIT margin
-0.4%▲ 0.1pp
2024 · -0.5%
2019: 0.2%
2019: -0.4%
2020: 2.6%
2021: -0.2%
2022: -4.8%
2023: -3.0%
2024: -0.5%
2019 → 2025
Net result
€-952k▲ 27.7%
2024 · €-1.32M
2019: €45k
2019: €-191k
2020: €1.52M
2021: €-98k
2022: €-4.20M
2023: €-2.65M
2024: €-1.32M
2019 → 2025
Working capital
€-4.90M
2024 · €2.44M
2019: €7.30M
2019: €6.78M
2020: €8.28M
2021: €7.12M
2022: €8.53M
2023: €5.50M
2024: €2.44M
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€66.34M-€71.57M▲ 7.9%€60.50M▼ 15.5%€62.81M▲ 3.8%€68.88M▲ 9.7%
Equity€12.06M-€7.86M▼ 34.8%€5.21M▼ 33.7%€3.89M▼ 25.3%€2.94M▼ 24.4%
Operating result€-114k-€-3.42M▼ 2,889%€-1.83M▲ 46.4%€-337k▲ 81.6%€-278k▲ 17.6%
Net result€-98k-€-4.20M▼ 4,168%€-2.65M▲ 36.8%€-1.32M▲ 50.4%€-952k▲ 27.7%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €278k in 2025 against €337k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €30.15M
Fixed assets
€8.07M ▲ 1.2%
Current assets
€22.08M ▲ 30.4%
Equity and liabilities €30.15M
Equity
€2.94M ▼ 24.4%
Debt
€27.21M ▲ 29.5%
Debt's share of the balance-sheet total rises from 84.4% to 90.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€1.37M▲
2024 · €1.13M
Cash flow
€697k▲
2024 · €147k
Current ratio
0.82▼
2024 · 1.17
Quick ratio
0.46▼
2024 · 0.62
Debt to equity
9.25▲
2024 · 5.40
ROE
-32.3%▲
2024 · -33.8%
ROA
-3.2%▲
2024 · -5.3%
Interest coverage
2.44▲
2024 · 1.97
Debt ≤ 1 year
€26.98M▲
2024 · €14.49M
Debt > 1 year
€11k▼
2024 · €6.50M
Income taxes
€5k▼
2024 · €6k
Staff costs
€7.33M▲
2024 · €6.79M
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 · 77 lines
Balance sheet
Code20242025
Assets
Total assets20/58€24.91M€30.15M▲
Fixed assets21/28€7.98M€8.07M▲
Intangible fixed assets21€12k€39k▲
Tangible fixed assets22/27€7.96M€8.03M▲
Plant, machinery and equipment23€5.49M€6.43M▲
Furniture and vehicles24€274k€133k▼
Leasing and similar rights25-€20k
Other tangible fixed assets26€64k€43k▼
Assets under construction and advance payments27€2.13M€1.40M▼
Financial fixed assets28€5k€5k=
Other financial fixed assets284/8€5k€5k=
Amounts receivable and cash guarantees285/8€5k€5k=
Current assets29/58€16.93M€22.08M▲
Stocks and contracts in progress3€7.97M€9.67M▲
Stocks30/36€7.97M€9.67M▲
Raw materials and consumables30/31€3.65M€4.71M▲
Finished goods33€4.32M€4.97M▲
Amounts receivable within one year40/41€7.55M€10.77M▲
Trade receivables40€7.13M€10.35M▲
Other amounts receivable41€415k€419k▲
Cash at bank and in hand54/58€1.31M€1.58M▲
Deferred charges and accrued income490/1€105k€60k▼
Equity and liabilities
Total equity and liabilities10/49€24.91M€30.15M▲
Equity10/15€3.89M€2.94M▼
Contributions10/11€4.00M€4.00M=
Capital10€4.00M€4.00M=
Issued capital100€4.00M€4.00M=
Reserves13€2.56M€2.56M=
Non-distributable reserves130/1€400k€400k=
Legal reserve130€400k€400k=
Distributable reserves133€2.16M€2.16M=
Profit (loss) carried forward14€-2.67M€-3.62M▼
Amounts payable17/49€21.02M€27.21M▲
Amounts payable after more than one year17€6.50M€11k▼
Financial debts170/4€6.50M€11k▼
Leasing and similar obligations172-€11k
Other loans174€6.50M-
Amounts payable within one year42/48€14.49M€26.98M▲
Current portion of amounts payable after more than one year42-€6.51M
Trade debts44€9.30M€13.16M▲
Suppliers440/4€9.30M€13.16M▲
Taxes, remuneration and social security45€866k€837k▼
Taxes450/3€273€14▼
Remuneration and social security454/9€866k€837k▼
Other amounts payable47/48€4.32M€6.47M▲
Accrued charges and deferred income492/3€29k€217k▲
Income statement
Code20242025
Operating income70/76A€64.96M€72.16M▲
Turnover70€62.81M€68.88M▲
Change in stocks of work in progress, finished goods and contracts in progress71€-157k€651k▲
Other operating income74€2.31M€2.61M▲
Non-recurring operating income76A€4k€17k▲
Operating charges60/66A€65.30M€72.44M▲
Goods for resale, raw materials and consumables60€38.18M€43.16M▲
Purchases600/8€38.82M€44.21M▲
Change in stocks: decrease (increase)609€-644k€-1.05M▼
Services and other goods61€18.67M€20.15M▲
Remuneration, social security and pensions62€6.79M€7.33M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1.46M€1.65M▲
Provisions for liabilities and charges: additions (uses and reversals)635/8€-13k-
Other operating charges640/8€206k€121k▼
Non-recurring operating charges66A€11k€30k▲
Operating profit (loss)9901€-337k€-278k▲
Financial income75/76B€3k€2k▼
Recurring financial income75€3k€2k▼
Other financial income752/9€3k€2k▼
Financial charges65/66B€976k€671k▼
Recurring financial charges65€976k€671k▼
Debt charges650€573k€562k▼
Other financial charges652/9€404k€109k▼
Profit (loss) for the period before taxes9903€-1.31M€-947k▲
Income taxes67/77€6k€5k▼
Taxes670/3€6k€5k▼
Profit (loss) for the period9904€-1.32M€-952k▲
Profit (loss) for the period to be appropriated9905€-1.32M€-952k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-2.67M€-3.62M▼
Profit (loss) brought forward from the previous period14P€-1.35M€-2.67M▼
Social balance
Average headcount (FTE)908795.997.3▲
The notes to these accounts (76 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
2026
07-09
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 38 days late
2025
10-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
23-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Weakest financial yearnet €-4.20M
Net result drops to €-4.20M, the lowest in the series; recovery starts the following year.
18-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
10-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 10 days late
2020
31-12
Financial
Back to profitnet €1.52M
Net result €1.52M after one loss-making year.
10-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 41 days late
28-01
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 89 days late
2018
13-11
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 13 days late
2017
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
25 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, Gent · 2 establishment units since 2002
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.
Skaldenstraat 7A9042 GentGround area
4.0 ha
Building footprint
872 m²
Volume, LiDAR
7,836 m³
2 parcels, Flanders · tallest building 17.3 m, ±5 floors. Linked by address, not a title deed.
2 establishment units
AGARIS BELGIUM
since 20022.131.510.464
AGARIS BELGIUM
since 20112.213.110.131
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44812Q0223/00X000 | Flanders | 3.5 ha | 1 · 424 m² | 5.2 m · 1 fl. |
| 44813B0016/00H004 | Flanders | 5,351 m² | 1 · 448 m² | 17.2 m · 5 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels 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
2022 to 2023 · 3 entries · 11,271 EUR awarded · 11,271 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 2 | 8,204 EUR | 8,204 EUR |
| 2022 | 1 | 3,067 EUR | 3,067 EUR |
Schemes
Energiesteun 2 (stopgezet)
Vlaams opleidingsverlof (VOV)
Recognitions · licences · registrations
Food safety, FASFC
1 siteGent2.131.510.464
Similar companies · same sector, comparable size
LIMA EUROPE
BE 0473.072.760
Rumst · Eq €2.82M
JOS MEEUSSEN EN ZOON
BE 0437.691.021
Brecht · Eq €2.75M
KLASMANN-DEILMANN BRUGGE
BE 0437.170.981
Brugge · Eq €3.29M
VAN ISRAEL
BE 0442.541.417
Geraardsbergen · Eq €3.50M
NORLAND
BE 0449.333.395
Andenne · Eq €3.57M
Of 76 companies in sector 20150 we hold annual accounts for 63. 40 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 formPublic limited company
Founded08-11-1984
Fiscal year end31-12
Activities, NACEBEL 2025
20150Manufacture of chemicals and chemical products
08920Other mining and quarrying
Sources
Crossroads Bank for EnterprisesNational Bank · 41 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.