Summary
BEGRO has been active since 1983 and the Belgian State Gazette contains no insolvency or warning signals. The 2023 annual accounts show equity of €19.08M and a net result of €1.17M. Equity remains stable across the filed fiscal years (±1.2% per year). Its solvency ranks better than 55% of 6143 sector peers (fiscal year 2023). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
No current score
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Axes, FY 2023 · tick = 2021
Profitability58▲+6
Solvency70▲+2
Growth62▲+16
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2023Solvency, return and age of the figures
Solvency
44.7%
Return on assets
2.7%
Age of the figures
36 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2023 was due by 30-04-2024 and was filed on 22-03-2024, 39 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2023
39 d early
2021
600 d late
2020
87 d late
2019
109 d late
2018
96 d late
2017
2 d late
2016
25 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2023, full schema
Turnover
€170.83M▲ 88.8%
2021 · €90.47M
2018: €90.68M
2019: €93.23M
2020: €89.88M
2021: €90.47M
2018 → 2023
EBIT margin
1.0%▲ 1.8pp
2021 · -0.8%
2018: 2.8%
2019: 1.1%
2020: 0.8%
2021: -0.8%
2018 → 2023
Net result
€1.17M
2021 · €-680k
2018: €1.84M
2019: €979k
2020: €246k
2021: €-680k
2018 → 2023
Working capital
€12.69M▲ 10.0%
2021 · €11.53M
2018: €11.11M
2019: €11.64M
2020: €12.44M
2021: €11.53M
2018 → 2023
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20182019202020212023Trend
Turnover€90.68M-€93.23M▲ 2.8%€89.88M▼ 3.6%€90.47M▲ 0.7%€170.83M▲ 88.8%
Equity€17.86M-€18.84M▲ 5.5%€19.09M▲ 1.3%€18.41M▼ 3.6%€19.08M▲ 3.6%
Operating result€2.57M-€1.06M▼ 58.6%€746k▼ 29.9%€-755k€1.72M
Net result€1.84M-€979k▼ 46.7%€246k▼ 74.9%€-680k€1.17M
Result per fiscal year
Operating resultNet result
The operating result is €1.72M in 2023, compared with €-755k in 2021. Comparable figures for the intervening years are unavailable.
Balance-sheet composition
2023 in colour, 2021 as the grey bar beneath
Assets €42.65M
Fixed assets
€6.38M ▼ 8.2%
Current assets
€36.27M ▲ 0.4%
Equity and liabilities €42.65M
Equity
€19.08M ▲ 3.6%
Provisions
€0 ▼ 100%
Debt
€23.58M ▼ 4.1%
Debt's share of the balance-sheet total falls from 57.1% to 55.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€3.95M▲
2021 · €470k
Cash flow
€3.40M▲
2021 · €545k
Current ratio
1.54▲
2021 · 1.47
Quick ratio
0.53▼
2021 · 0.67
Debt to equity
1.24▼
2021 · 1.34
ROE
6.1%▲
2021 · -3.7%
ROA
2.7%▲
2021 · -1.6%
Interest coverage
12.85▲
2021 · 8.76
Debt ≤ 1 year
€23.58M▼
2021 · €24.59M
Income taxes
€170k▲
2021 · €8k
Staff costs
€10.65M▲
2021 · €6.09M
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 · 2023 against 2021 · 85 lines
Balance sheet
Code20212023
Assets
Total assets20/58€43.08M€42.65M▼
Fixed assets21/28€6.95M€6.38M▼
Intangible fixed assets21€0-
Tangible fixed assets22/27€6.94M€6.37M▼
Land and buildings22€3.95M€3.61M▼
Plant, machinery and equipment23€2.81M€2.62M▼
Furniture and vehicles24€186k€148k▼
Financial fixed assets28€8k€8k=
Other financial fixed assets284/8€8k€8k=
Amounts receivable and cash guarantees285/8€8k€8k=
Current assets29/58€36.13M€36.27M▲
Stocks and contracts in progress3€19.69M€23.75M▲
Stocks30/36€19.69M€23.75M▲
Raw materials and consumables30/31€2.06M€1.45M▼
Work in progress32€11.63M€12.55M▲
Finished goods33€6.00M€9.75M▲
Amounts receivable within one year40/41€15.44M€11.17M▼
Trade receivables40€14.38M€5.22M▼
Other amounts receivable41€1.07M€5.95M▲
Cash at bank and in hand54/58€766k€994k▲
Deferred charges and accrued income490/1€224k€353k▲
Equity and liabilities
Total equity and liabilities10/49€43.08M€42.65M▼
Equity10/15€18.41M€19.08M▲
Contributions10/11€1.70M€1.70M=
Capital10€1.70M€1.70M=
Issued capital100€1.70M€1.70M=
Revaluation surpluses12€6k€6k=
Reserves13€9.96M€9.96M=
Non-distributable reserves130/1€200k€200k=
Legal reserve130€170k€170k=
Other1319€30k€30k=
Tax-exempt reserves132€8.89M€8.89M=
Distributable reserves133€871k€871k=
Profit (loss) carried forward14€6.74M€7.41M▲
Provisions and deferred taxes16€79k€0▼
Provisions for liabilities and charges160/5€79k€0▼
Other liabilities and charges164/5€79k€0▼
Amounts payable17/49€24.59M€23.58M▼
Amounts payable within one year42/48€24.59M€23.58M▼
Financial debts43€5.14M€4.93M▼
Credit institutions430/8€5.14M€4.93M▼
Trade debts44€18.39M€16.93M▼
Suppliers440/4€18.39M€16.93M▼
Taxes, remuneration and social security45€1.07M€1.22M▲
Taxes450/3€310k€210k▼
Remuneration and social security454/9€757k€1.01M▲
Other amounts payable47/48-€500k
Income statement
Code20212023
Operating income70/76A€92.84M€176.70M▲
Turnover70€90.47M€170.83M▲
Change in stocks of work in progress, finished goods and contracts in progress71€971k€4.66M▲
Other operating income74€1.40M€1.06M▼
Non-recurring operating income76A-€150k
Operating charges60/66A€93.60M€174.99M▲
Goods for resale, raw materials and consumables60€61.15M€122.74M▲
Purchases600/8€61.58M€122.14M▲
Change in stocks: decrease (increase)609€-428k€605k▲
Services and other goods61€24.69M€38.50M▲
Remuneration, social security and pensions62€6.09M€10.65M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1.22M€2.24M▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€0-
Provisions for liabilities and charges: additions (uses and reversals)635/8-€-79k
Other operating charges640/8€440k€939k▲
Non-recurring operating charges66A€0-
Operating profit (loss)9901€-755k€1.72M▲
Financial income75/76B€305k€110k▼
Recurring financial income75€305k€110k▼
Income from current assets751-€262
Other financial income752/9€305k€109k▼
Financial charges65/66B€222k€485k▲
Recurring financial charges65€222k€485k▲
Debt charges650€54k€307k▲
Other financial charges652/9€169k€177k▲
Profit (loss) for the period before taxes9903€-672k€1.34M▲
Income taxes67/77€8k€170k▲
Taxes670/3€8k€170k▲
Profit (loss) for the period9904€-680k€1.17M▲
Transfer from tax-exempt reserves789€0-
Profit (loss) for the period to be appropriated9905€-680k€1.17M▲
Appropriation of the result
Profit (loss) to be appropriated9906€6.74M€7.91M▲
Profit (loss) brought forward from the previous period14P€7.42M€6.74M▼
Transfer to equity691/2€0-
To other reserves6921€0-
Profit to be distributed694/7-€500k
Directors or managers695-€500k
Social balance
Average headcount (FTE)9087114.1116.1▲
The notes to these accounts (60 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2024
22-03
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
22-03
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 600 days late
2023
30-09
Financial
Back to profitnet €1.17M
Net result €1.17M after one loss-making year.
2021
31-12
Financial
Weakest financial yearnet €-680k ▼376%
Net result drops to €-680k, the lowest in the series; recovery starts the following year.
26-10
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 87 days late
2020
17-11
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 109 days late
2019
04-11
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 96 days late
2018
02-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 2 days late
2017
06-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
24-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 24 days late
2015
24-08
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 24 days late
2014
28-08
NBB filing
Annual accounts filed
fiscal year 2013 · full schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
12 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, Ardooie · 1 establishment unit since 1984
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.
Tombrugstraat 88850 ArdooieGround area
1.6 ha
Building footprint
30 m²
Volume, LiDAR
100 m³
Parcel 36001D0426/00D000, Flanders · tallest building 3.6 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
NV BEGRO
since 19842.023.715.453
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36001D0426/00D000 | Flanders | 1.6 ha | 1 · 30 m² | 3.6 m · 1 fl. |
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.
Structure & network
Ownership & control
1 parent companyControl over this companyparent company per the LEI register1
Staden · LEI lapsed
controls
BEGROBE 0425.237.904
Public money · subsidies and aid
Flemish government
2024 · 1 entry · 2,492 EUR awarded · 2,492 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 2,492 EUR | 2,492 EUR |
Schemes
Vlaams opleidingsverlof (VOV)
Recognitions · licences · registrations
Food safety, FASFC
1 siteArdooie2.023.715.453
Legal Entity Identifier
549300KNV37NRLUKJG96
Similar companies · same sector, comparable size
VAN LIER
BE 0426.619.559
Brussel · Eq €18.70M
STOFFELS TRADING
BE 0506.629.020
Rijkevorsel · Eq €18.44M
GROUP STAS
BE 0452.383.749
Lubbeek · Eq €19.86M
COCCINELLE
BE 0425.718.350
Sint-Katelijne-Waver · Eq €22.51M
VANMARCKE ROGER & ZONEN
BE 0423.015.317
Tielt · Eq €22.72M
Of 956 companies in sector 46319 we hold annual accounts for 609. 130 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
Founded29-12-1983
Fiscal year end30-09
Activities, NACEBEL 2025
10393Manufacture of food products
46319Wholesale of fruit and vegetables, excluding potatoes
47210Retail sale of fruit and vegetables
52100Warehousing and storage
Sources
Crossroads Bank for EnterprisesNational Bank · 37 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.