AGRAL

Active

Public limited companyfounded 1986active for 40 yearsRue du Brabant Wallon(CO) 1, 6180 Courcelles, BelgiumKBO/BCE: BE 0429.223.515

Summary

The computed 12-month bankruptcy probability of AGRAL is 2.3% (moderate). The annual accounts of AGRAL for financial year 2025 show a net loss of 59% of the equity at the start of that year. The 2025 annual accounts show equity of €2.0m and a net result of -€3.0m. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 12% of 6,141 sector peers (NACE 46, financial year 2025). The company has been active since 1986 and the Belgian Official Gazette contains no insolvency or warning signals.

Risk analysisFollow Report Compare

AGRALActiveChecked score 51/100

Risk analysis Report Compare

Activity

Wholesale trade

NACE 46331

2nd largest company by total assets in Courcelles, Wholesale and retail trade sector1 site

Size

€80.1mturnover 2025

Staff: 40.7 FTE
Equity: €2.0m
Loss: -€3.0m

Financial health

51 Fair Checked score 2025

Bankruptcy probabilitywithin 12 months: 2.3%

Structure

Largest shareholder: GODEFROID-SERON · 30.15%
Board: 4 members

BRIOIS SASManaging director · permanent representative Edouard BRIOIS

Auditor: 3R, Leboutte & C°2025 accounts 15 days early4 of 11 deeds summarised

Why 51raises riskLoss of €3.0m (financial year 2025)Equity €2.0m (9.2% of total assets)Liquidity: current ratio 1.34, cash €136,825, halvedSize: turnover €80.1m, 40.7 FTE, total assets €22.2mShow the evidence

Checked score

Score 2025

51 / 100

Fair

Probability in this band: 1.5% to 4.2%

Financially better than 16% of its sector peers (NACE 46, small)

Every signal that counts is listed under Signals.

Financial strength · tick = 2024

Weak

Solvency 34-10

equity 9.2% of total assets

Liquidity 17-11

short-term debt 64.5% · cash 0.6%

Profitability 5-40

return on assets -13.6%

Bankruptcy probability, 12 months

2.3% Moderate

0%0.5%1.5%4%10%≥ 25%

About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (4,373 companies, NACE 46, small)

Last 24 months 11-2024: 0.3% 12-2024: 0.3%● unchanged vs 11-2024 01-2025: 0.3%● unchanged vs 12-2024 02-2025: 0.3%● unchanged vs 01-2025 03-2025: 0.3%● unchanged vs 02-2025 04-2025: 0.2%▼ -0.1 percentage points vs 03-2025 05-2025: 0.3%▲ +0.1 percentage points vs 04-2025 06-2025: 0.3%● unchanged vs 05-2025 07-2025: 0.2%▼ -0.1 percentage points vs 06-2025 08-2025: 0.2%● unchanged vs 07-2025 09-2025: 0.2%● unchanged vs 08-2025 10-2025: 0.2%● unchanged vs 09-2025 11-2025: 0.2%● unchanged vs 10-2025 12-2025: 0.2%● unchanged vs 11-2025 01-2026: 0.2%● unchanged vs 12-2025 02-2026: 0.2%● unchanged vs 01-2026 03-2026: 0.2%● unchanged vs 02-2026 04-2026: 0.2%● unchanged vs 03-2026lowest value 05-2026: 0.2%● unchanged vs 04-2026 06-2026: 0.2%● unchanged vs 05-2026 07-2026: 0.2%● unchanged vs 06-2026 08-2026: 2.3%▲ +2.1 percentage points vs 07-2026highest value 09-2026: 2.3%● unchanged vs 08-2026highest value 10-2026: 2.3%● unchanged vs 09-2026highest value

Credit of up to €100,000 on 30-day terms, only on tighter conditions

Net loss of at least half of total assets or of the equity at the start of the financial year.

Liquidity tight (current ratio 1.34, compared with 1.39 in 2024, below the usual 1.5; short-term debt: 64.5% and cash: 0.6% of total assets), and 90.8% of the assets are financed with debt and provisions.

How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 46, small): better than 12% on solvency, 14% on liquidity, 4% on profitability and 34% on growth.

The bankruptcy probability was computed on 25-10-2026 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.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.

raises riskneutral

Loss of €3.0m (financial year 2025)

NBB · annual accounts

Equity €2.0m (9.2% of total assets)

NBB · annual accounts

Liquidity: current ratio 1.34, cash €136,825, halved

NBB · annual accounts

Size: turnover €80.1m, 40.7 FTE, total assets €22.2m

Companies of this size fail more often; how much that weighs depends on the rest of its profile.

NBB · annual accounts

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 12% of 6141 sector peers (2025).

NBB · sector comparison

Position among 6141 sector peers

Solvency

better than 12%

← weakest strongest →

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 16-07-2026, 15 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

15 days early

2024

45 days early

2023

7 days late

2022

25 days late

2021

19 days late

2020

25 days early

2019

45 days 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 11 days before the deadline; the sector median (NACE 46) for financial year 2024 is 3 days before the deadline, and 39% of those companies filed late.

Searched, nothing found (2)

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 8 August (4 of the last 5 filed years within 30 days of that day).

Companies Code · seven months

Where today falls in the filing period

26-10-2026 today31-12-2026 year end31-07-2027 deadline

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

16-07-2026 Annual accounts filedfinancial year 2025 · full…
24-06-2025 Reappointment: 3R,Leboutte & Co SRL (statutory…Permanent representative: Lora Joris ·…
16-06-2025 Annual accounts filedfinancial year 2024 · full…

Key points

Caution: From profit to loss in 2025after €209,678 in 2024 -€3.0m View
Caution: Among the weakest 5% on net resultsector median €112,347 · 6,076 companies -€3.0m View
Active since 1986founded 29-07-1986 40 years View

By topic

Financials

Financial year: 2025
Turnover: €80.1m
Loss: -€3.0m
Solvency: 9.2%

Turnover▲ 4.2%

Net result

20182025

Go to Financials

Board & ownership

Board: 4 members
Largest shareholder: GODEFROID-SERON · 30.15%
Auditor: 3R, Leboutte & C°

BRIOIS SASManaging director
HANNIBAL SASManaging director
Christelle CabayDirector
Séverine CabayDirector

Go to Board & ownership

Timeline

Events: 50
Since: 1988
Next accounts: by 31-07-2027

31-12-2024Equity above €5m
07-08-2024Annual accounts filed
27-05-2024Amendment of the articles

Go to Timeline

Company details

Sites: 1

Legal form: Public limited company
Activity: Wholesale tradeNACE 46331
Founded: 29-07-1986
Year ends: 31-12
Peppol: Reachable for e-invoices

Go to Company details

Articles of association

Provisions read: 42

Annual meeting: Last Friday of May at 20:00

Go to Articles of association

Key facts about AGRAL

What is the company number of AGRAL?: 0429.223.515. In Belgium the VAT number is the company number with BE in front: BE 0429.223.515.
Where is AGRAL based?: The registered office is at Rue du Brabant Wallon(CO) 1, 6180 Courcelles.Company details
What does AGRAL do?: According to the KBO register, the main activity is wholesale trade (NACE 46331).
What is the legal form of AGRAL?: Public limited company (NV).
When was AGRAL founded?: On 29-07-1986.
Is AGRAL still active?: Yes, AGRAL is an active enterprise in the KBO register.
How many employees does AGRAL have?: On average 40.7 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of AGRAL?: €80.1m in financial year 2025, according to the filed annual accounts.
Is AGRAL profitable?: In financial year 2025, AGRAL made a loss of €3.0m.
Where can I find the annual accounts of AGRAL?: AGRAL filed 39 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of AGRAL due?: By 31-07-2027, for financial year 2026.Timeline