BRK AGRO
Open bankruptcyA bankruptcy procedure is open for BRK AGRO according to publications in the Belgian State Gazette; curator: BRECHT MICHELS.
Summary
The 2024 annual accounts show negative equity (€-683k) and a net result of €-452k.
Signals
Two signals.
+raises risk
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€-683k▼ 197%
2023 · €-230k
2019: €-48k
2020: €-108k
2021: €-106k
2022: €-134k
2023: €-230k
2019 → 2024
Total assets
€90k▼ 88.9%
2023 · €813k
2019: €527k
2020: €473k
2021: €783k
2022: €831k
2023: €813k
2019 → 2024
Net result
€-452k▼ 370%
2023 · €-96k
2019: €-12k
2020: €-59k
2021: €2k
2022: €-28k
2023: €-96k
2019 → 2024
Working capital
€-478k▼ 93.8%
2023 · €-247k
2019: €-209k
2020: €-273k
2021: €-365k
2022: €-365k
2023: €-247k
2019 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€-108k-€-106k▲ 1.6%€-134k▼ 26.5%€-230k▼ 72.0%€-683k▼ 197%
Operating result€-49k-€44k€68k▲ 56.7%€-16k€-299k▼ 1,741%
Net result€-59k-€2k€-28k€-96k▼ 243%€-452k▼ 370%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €299k in 2024 against €16k in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €90k
Fixed assets
€13k ▼ 95.1%
Current assets
€77k ▼ 85.9%
Key figures and ratios
EBITDA
€-295k▼
2023 · €12k
Cash flow
€-449k▼
2023 · €-68k
Solvency
-758.0%▼
2023 · -28.3%
Current ratio
0.14▼
2023 · 0.69
Quick ratio
0.06▼
2023 · 0.56
Debt to equity
-1.13▲
2023 · -4.53
ROA
-502.3%▼
2023 · -11.9%
Interest coverage
-1.92▼
2023 · 0.15
Debt
€773k▼
2023 · €1.04M
Debt ≤ 1 year
€555k▼
2023 · €793k
Debt > 1 year
€107k=
2023 · €107k
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 · 2024 against 2023 · 50 lines
Balance sheet
Code20232024
Assets
Total assets20/58€813k€90k▼
Fixed assets21/28€267k€13k▼
Intangible fixed assets21€7k€5k▼
Tangible fixed assets22/27€12k€8k▼
Plant, machinery and equipment23€11k€8k▼
Furniture and vehicles24€612€402▼
Financial fixed assets28€248k-
Current assets29/58€546k€77k▼
Stocks and contracts in progress3€103k€46k▼
Stocks30/36€103k€46k▼
Amounts receivable within one year40/41€443k€31k▼
Trade receivables40€112k€29k▼
Other amounts receivable41€330k€2k▼
Cash at bank and in hand54/58€2€14▲
Equity and liabilities
Total equity and liabilities10/49€813k€90k▼
Equity10/15€-230k€-683k▼
Contributions10/11€19k€19k=
Reserves13€9k€9k=
Non-distributable reserves130/1€500€500=
Reserves not available under the articles1311€500€500=
Distributable reserves133€9k€9k=
Profit (loss) carried forward14€-258k€-710k▼
Amounts payable17/49€1.04M€773k▼
Amounts payable after more than one year17€107k€107k=
Financial debts170/4€107k€107k=
Amounts payable within one year42/48€793k€555k▼
Financial debts43€342k€32k▼
Credit institutions430/8€342k€32k▼
Trade debts44€8k€6k▼
Suppliers440/4€8k€6k▼
Taxes, remuneration and social security45€11k-
Taxes450/3€11k-
Other amounts payable47/48€432k€517k▲
Accrued charges and deferred income492/3€143k€111k▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€28k€3k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€67k
Other operating charges640/8€770€66k▲
Non-recurring operating charges66A-€148k
Gross operating margin9900€12k€-15k▼
Operating profit (loss)9901€-16k€-299k▼
Financial income75/76B-€3
Recurring financial income75-€3
Financial charges65/66B€80k€154k▲
Recurring financial charges65€80k€154k▲
Profit (loss) for the period before taxes9903€-97k€-452k▼
Income taxes67/77€-207-
Profit (loss) for the period9904€-96k€-452k▼
Profit (loss) for the period to be appropriated9905€-96k€-452k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-258k€-710k▼
Profit (loss) brought forward from the previous period14P€-161k€-258k▼
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
24-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 539 days late
2025
24-12
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Brugge · BRK AGRO BV KORTRIJK- STEENWEG 32, 8750 WINGENE · event 15-12-2025
28-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 422 days late
25-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 784 days late
2024
30-06
Financial
Weakest financial yearnet €-452k
Net result drops to €-452k, the lowest in the series.
2022
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
04-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 338 days late
03-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 703 days late
2021
30-06
Financial
Back to profitnet €2k
Net result €2k after 2 loss-making years.
2019
26-04
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 85 days late
2018
13-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 194 days late
2017
30-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
12-01
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Wingene · 2 establishment units since 2001
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.
Kortrijksteenweg 328750 WingeneGround area
5,385 m²
Building footprint
328 m²
Volume, LiDAR
1,065 m³
2 parcels, Flanders, Wallonia · tallest building 8.9 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
BRK AGRO
since 20012.093.221.495
BRK AGRO
since 20172.257.411.516
2 parcels
Flanders
1
(50%)
Wallonia
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37019C0441/00K000 | Flanders | 3,072 m² | 1 · 206 m² | 8.9 m · 2 fl. |
| 91223A0550/00G000 | Wallonia | 2,313 m² | 1 · 122 m² | - |
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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | BRECHT MICHELS STOKHOVESTRAAT 10,
8020 09 WAARDAMME |
15-12-2025 → present |
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 20,588 companies in sector 01500 we hold annual accounts for 1,149. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded30-05-2001
Fiscal year end30-06
Activities, NACEBEL 2025
01500Mixed farming
43341Painting of buildings
71112Activities of interior architects
Sources
Crossroads Bank for EnterprisesNational Bank · 22 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.