CARGILL NV
ActiveSummary
CARGILL NV has been active since 1968 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €494.34M and a net result of €-3.37M. Equity is growing by ~24% per year across the filed fiscal years. Its solvency ranks better than 26% of 643 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
44
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability36▼-27
Solvency45=
Growth68▼-17
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2M at 30 days only on tighter terms
Liquidity tight (current ratio 1.17 against 1.2 in 2024; short-term debt: 71.8% and cash: 0.3% of total assets), and 79.9% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six 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 10
Relative position
BE, all sectors
reference
Sector 10
higher
← fewer bankruptcies
more bankruptcies →
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
20.1%
Return on assets
-0.1%
Age of the figures
16 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-05-2025 was due by 31-12-2025 and was filed on 04-12-2025, 27 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
27 d early
2024
19 d early
2023
19 d early
2022
19 d early
2021
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 31-05-2026 and is due by 31-12-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-05-2026 close24-09-2026 today31-12-2026 deadline
Financials · fiscal year 2025, full schema, statutory accounts
Turnover
€13.35B▲ 9.3%
2024 · €12.22B
2019: €3.68B
2020: €4.17B
2021: €5.35B
2022: €8.97B
2023: €12.77B
2024: €12.22B
2019 → 2025
EBIT margin
0.4%▼ 1.8pp
2024 · 2.2%
2019: 1.6%
2020: 0.7%
2021: 0.1%
2022: 0.5%
2023: 1.3%
2024: 2.2%
2019 → 2025
Net result
€-3.37M
2024 · €210.42M
2019: €35.57M
2020: €14.34M
2021: €-5.67M
2022: €29.28M
2023: €95.24M
2024: €210.42M
2019 → 2025
Working capital
€308.07M▼ 14.4%
2024 · €359.94M
2019: €-53.90M
2020: €-22.29M
2021: €-35.22M
2022: €-9.25M
2023: €61.27M
2024: €359.94M
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€5.35B-€8.97B▲ 67.5%€12.77B▲ 42.4%€12.22B▼ 4.3%€13.35B▲ 9.3%
Equity€162.77M-€192.05M▲ 18.0%€287.29M▲ 49.6%€497.71M▲ 73.2%€494.34M▼ 0.7%
Operating result€6.94M-€47.12M▲ 579%€159.78M▲ 239%€264.27M▲ 65.4%€54.15M▼ 79.5%
Net result€-5.67M-€29.28M€95.24M▲ 225%€210.42M▲ 121%€-3.37M
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 80% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.46B
Fixed assets
€386.87M ▼ 4.3%
Current assets
€2.08B ▼ 2.6%
Equity and liabilities €2.46B
Equity
€494.34M ▼ 0.7%
Provisions
€57.91M ▼ 62.9%
Debt
€1.91B ▲ 1.5%
Debt's share of the balance-sheet total rises from 74.2% to 77.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€99.75M▼
2024 · €304.27M
Cash flow
€42.23M▼
2024 · €250.42M
Current ratio
1.17▼
2024 · 1.20
Quick ratio
0.61▼
2024 · 0.63
Debt to equity
3.86▲
2024 · 3.78
ROE
-0.7%▼
2024 · 42.3%
ROA
-0.1%▼
2024 · 8.3%
Interest coverage
2.85▼
2024 · 6.37
Debt ≤ 1 year
€1.77B▼
2024 · €1.77B
Debt > 1 year
€139.50M▲
2024 · €106.50M
Income taxes
€3.31M▼
2024 · €87.69M
Staff costs
€152.34M▼
2024 · €156.32M
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 · 101 lines
Balance sheet
Code20242025
Assets
Total assets20/58€2.54B€2.46B▼
Fixed assets21/28€404.19M€386.87M▼
Intangible fixed assets21€4.56M€3.95M▼
Tangible fixed assets22/27€288.07M€299.51M▲
Land and buildings22€35.75M€39.94M▲
Plant, machinery and equipment23€224.59M€209.18M▼
Furniture and vehicles24€1.13M€1.08M▼
Leasing and similar rights25€1,000k€855k▼
Assets under construction and advance payments27€25.59M€48.45M▲
Financial fixed assets28€111.55M€83.41M▼
Affiliated companies280/1€109.46M€81.31M▼
Participating interests280€109.46M€81.31M▼
Companies linked by participating interests282/3€2.00M€2.00M=
Participating interests282€2.00M€2.00M=
Other financial fixed assets284/8€89k€104k▲
Shares284€20€20=
Amounts receivable and cash guarantees285/8€88k€104k▲
Current assets29/58€2.13B€2.08B▼
Stocks and contracts in progress3€1.02B€1.00B▼
Stocks30/36€1.02B€1.00B▼
Raw materials and consumables30/31€640.20M€663.04M▲
Work in progress32€274k€314k▲
Finished goods33€368.20M€333.27M▼
Goods purchased for resale34€3.93M€4.58M▲
Advance payments36€7.68M€265k▼
Amounts receivable within one year40/41€1.10B€1.06B▼
Trade receivables40€850.64M€768.02M▼
Other amounts receivable41€249.00M€294.53M▲
Cash at bank and in hand54/58€8.14M€8.52M▲
Deferred charges and accrued income490/1€3.57M€3.08M▼
Equity and liabilities
Total equity and liabilities10/49€2.54B€2.46B▼
Equity10/15€497.71M€494.34M▼
Contributions10/11€153.67M€153.67M=
Capital10€153.67M€153.67M=
Issued capital100€153.67M€153.67M=
Reserves13€24.24M€24.24M=
Non-distributable reserves130/1€15.39M€15.39M=
Legal reserve130€15.37M€15.37M=
Reserves not available under the articles1311-€0
Other1319€22k€22k=
Tax-exempt reserves132€4.87M€4.15M▼
Distributable reserves133€3.98M€4.70M▲
Profit (loss) carried forward14€319.81M€316.44M▼
Provisions and deferred taxes16€156.05M€57.91M▼
Provisions for liabilities and charges160/5€156.05M€57.91M▼
Other liabilities and charges164/5€156.05M€57.91M▼
Amounts payable17/49€1.88B€1.91B▲
Amounts payable after more than one year17€106.50M€139.50M▲
Financial debts170/4€106.50M€139.50M▲
Subordinated loans170€106.50M€139.50M▲
Amounts payable within one year42/48€1.77B€1.77B▼
Current portion of amounts payable after more than one year42-€0
Financial debts43€729.80M€540.31M▼
Credit institutions430/8€1.05M€3.89M▲
Other loans439€728.75M€536.41M▼
Trade debts44€853.99M€1.11B▲
Suppliers440/4€853.99M€1.11B▲
Advances received on contracts in progress46€3.81M€8.98M▲
Taxes, remuneration and social security45€184.10M€104.26M▼
Taxes450/3€145.27M€50.78M▼
Remuneration and social security454/9€38.83M€53.48M▲
Accrued charges and deferred income492/3€3.87M€3.19M▼
Income statement
Code20242025
Operating income70/76A€12.36B€13.33B▲
Turnover70€12.22B€13.35B▲
Change in stocks of work in progress, finished goods and contracts in progress71€110.05M€-34.89M▼
Other operating income74€29.58M€12.19M▼
Operating charges60/66A€12.10B€13.28B▲
Goods for resale, raw materials and consumables60€10.47B€11.91B▲
Purchases600/8€10.80B€11.94B▲
Change in stocks: decrease (increase)609€-328.26M€-23.56M▲
Services and other goods61€1.29B€1.25B▼
Remuneration, social security and pensions62€156.32M€152.34M▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€40.00M€45.60M▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-2.93M€948k▲
Provisions for liabilities and charges: additions (uses and reversals)635/8€131.25M€-133.27M▼
Other operating charges640/8€8.36M€14.99M▲
Non-recurring operating charges66A€939k€35.13M▲
Operating profit (loss)9901€264.27M€54.15M▼
Financial income75/76B€109.01M€33.33M▼
Recurring financial income75€4.88M€33.00M▲
Income from current assets751€3.80M€642k▼
Other financial income752/9€1.08M€32.36M▲
Non-recurring financial income76B€104.13M€330k▼
Financial charges65/66B€75.17M€87.53M▲
Recurring financial charges65€75.17M€68.82M▼
Debt charges650€47.79M€35.00M▼
Other financial charges652/9€27.38M€33.82M▲
Non-recurring financial charges66B-€18.72M
Profit (loss) for the period before taxes9903€298.11M€-57k▼
Income taxes67/77€87.69M€3.31M▼
Taxes670/3€87.69M€3.31M▼
Profit (loss) for the period9904€210.42M€-3.37M▼
Transfer from tax-exempt reserves789€2.39M€716k▼
Transfer to tax-exempt reserves689€4.56M-
Profit (loss) for the period to be appropriated9905€208.25M€-2.65M▼
Appropriation of the result
Profit (loss) to be appropriated9906€327.38M€317.15M▼
Profit (loss) brought forward from the previous period14P€119.13M€319.81M▲
Transfer to equity691/2€7.57M€716k▼
To the legal reserve6920€5.18M-
To other reserves6921€2.39M€716k▼
Social balance
Average headcount (FTE)9087945.9992.8▲
The notes to these accounts (102 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
02-02
NBB filing
Annual accounts filed
fiscal year 2025 · consolidated
2025
04-12
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
22-01
NBB filing
Annual accounts filed
fiscal year 2024 · consolidated
2024
12-12
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
31-05
Financial
Highest result since 2019net €210.42M ▲121%
Operating result €264.27M, net result €210.42M, both a record.
14-02
NBB filing
Annual accounts filed
fiscal year 2023 · consolidated
2023
12-12
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
31-05
Financial
Equity above €250MEq €287.29M ▲49.6%
2 profitable years in a row build equity to €287.29M.
17-03
NBB filing
Annual accounts filed
fiscal year 2022 · consolidated
2022
12-12
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
31-05
Financial
Back to profitnet €29.28M
Net result €29.28M after one loss-making year.
2021
08-12
NBB filing
Annual accounts filed
fiscal year 2021 · consolidated
30-11
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
31-05
Financial
Weakest financial yearnet €-5.67M ▼140%
Net result drops to €-5.67M, the lowest in the series; recovery starts the following year.
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
44 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, Mechelen · 10 establishment units since 1997
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.
Bedrijvenlaan 7-92800 MechelenGround area
46.4 ha
Building footprint
3.2 ha
Volume, LiDAR
211,955 m³
10 parcels, Flanders, Wallonia · tallest building 43.9 m, ±6 floors. Linked by address, not a title deed.
10 establishment units
CARGILL NV
since 19972.102.016.130
CARGILL NV
since 19972.102.016.229
Cargill NV
since 19992.142.792.455
CARGILL NV
since 20062.153.549.557
Cargill Cocoa & Chocolate
since 20082.172.716.559
Moervaartkaai 12, 9042 Gent
since 20152.240.382.868
Show 4 more locations
Cargill NV
since 20222.337.222.126
CARGILL NV
since 20242.358.771.368
Cargill NV
since 20252.370.980.205
CARGILL NV
since 20262.382.151.932
10 parcels
Flanders
7
(70%)
Wallonia
3
(30%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44813R0254/00V000 | Flanders | 20.9 ha | 1 · 928 m² | 8.2 m · 2 fl. |
| 11816A0167/00H000indicative | Flanders | 9.3 ha | 1 · 649 m² | - |
| 36494D0921/00A002 | Flanders | 6.1 ha | 1 · 8,254 m² | 43.9 m · 5 fl. |
| 54006N0177/00S000 | Wallonia | 3.5 ha | 1 · 9,118 m² | - |
| 54006N0180/00K000 | Wallonia | 2.0 ha | 1 · 1,284 m² | - |
| 54006M1003/00A000 | Wallonia | 1.7 ha | 1 · 5,937 m² | - |
| 12403E0765/00L000 | Flanders | 1.1 ha | 1 · 3,812 m² | 18.8 m · 6 fl. |
| 36494D0953/00G002 | Flanders | 6,585 m² | - | - |
| 11662E0516/00H000 | Flanders | 6,294 m² | 1 · 1,662 m² | 10.1 m · 3 fl. |
| 44813R0019/00P000 | Flanders | 4,165 m² | 1 · 505 m² | 28.6 m · 6 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 9
9 of 10 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Ownership & control
2 parent companies · 1 subsidiaryControl over this companyparent company per the LEI register2
CARGILL INTERNATIONAL LUXEMBOURG 3 S. À R.L
Luxembourg, Luxembourg
CARGILL, INCORPORATED
Wilmington, United States · indirect
controls
CARGILL NVBE 0405.546.706
controls
Where this company holds controlsubsidiary per the LEI register1
Izegem
Public money · subsidies and aid
Flemish government
2022 to 2025 · 8 entries · 140,179 EUR awarded · 126,179 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 25,914 EUR | 25,914 EUR |
| 2024 | 2 | 47,129 EUR | 47,129 EUR |
| 2023 | 3 | 52,475 EUR | 38,475 EUR |
| 2022 | 1 | 14,661 EUR | 14,661 EUR |
Schemes
Vlaams opleidingsverlof (VOV)
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
Subsidie Circulair water
European research
1 project · 142,377 EUR EU contributionProgrammes
Horizon 2020
Projects
First-of-its-kind, large-scale, lowest-cost, zero-waste biorefinery for the production of proteins for food and feed application from low cost sustainable feedstocks.
Recognitions · licences · registrations
Food safety, FASFC
9 sitesMechelen2.153.549.557
Gent2.102.016.229
Antwerpen2.102.016.130
Gent2.240.382.868
Show 5 more sites
Izegem2.142.792.455
Mouscron/Moeskroen2.358.771.368
Izegem2.382.151.932
Kalmthout2.370.980.205
Mouscron/Moeskroen2.337.222.126
Legal Entity Identifier
549300D2X85WHEH82V07
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Of 50 companies in sector 10410 we hold annual accounts for 35. 3 are within a factor 10 of this equity. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded01-01-1968
Fiscal year end31-05
Abbreviation NL
CARGILL
Activities, NACEBEL 2025
10410Manufacture of food products
Sources
Crossroads Bank for EnterprisesNational Bank · 67 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.