FOBAGRA
ActiveSummary
FOBAGRA has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €446k and a net result of €12k. Equity is growing by ~5.2% per year across the filed fiscal years. Its solvency ranks better than 57% of 435 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).
Checked score
Score 2025
81
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability60=
Solvency84▲+2
Growth55▼-4
Track record100
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days acceptable
Liquidity ample (current ratio 3.05 against 2.78 in 2024; short-term debt: 32.1% and cash: 29.8% of total assets), and 41% of the assets are financed with debt.
Credit advice 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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 85
Relative position
BE, all sectors
reference
Sector 85
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
59%
Return on assets
1.6%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-06-2026, 35 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
35 d early
2024
16 d early
2023
36 d early
2022
23 d early
2021
25 d early
2020
16 d early
2019
81 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
€385k▼ 7.7%
2024 · €417k
2018: €219k
2019: €245k
2020: €210k
2021: €273k
2022: €319k
2023: €387k
2024: €417k
2018 → 2025
EBIT margin
3.2%▲ 0.9pp
2024 · 2.4%
2018: 14.9%
2019: 8.0%
2020: 53.4%
2021: 12.9%
2022: 4.6%
2023: 3.1%
2024: 2.4%
2018 → 2025
Net result
€12k▲ 34.6%
2024 · €9k
2018: €40k
2019: €20k
2020: €112k
2021: €35k
2022: €15k
2023: €6k
2024: €9k
2018 → 2025
Working capital
€496k▲ 4.6%
2024 · €475k
2018: €269k
2019: €278k
2020: €436k
2021: €423k
2022: €463k
2023: €465k
2024: €475k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€273k-€319k▲ 16.6%€387k▲ 21.3%€417k▲ 7.8%€385k▼ 7.7%
Equity€405k-€419k▲ 3.6%€425k▲ 1.4%€434k▲ 2.1%€446k▲ 2.8%
Operating result€35k-€15k▼ 58.2%€12k▼ 19.0%€10k▼ 16.7%€12k▲ 25.7%
Net result€35k-€15k▼ 58.5%€6k▼ 58.3%€9k▲ 46.9%€12k▲ 34.6%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 26% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €756k
Fixed assets
€17k ▲ 14.1%
Current assets
€739k ▼ 0.4%
Equity and liabilities €756k
Equity
€446k ▲ 2.8%
Provisions
€64k ▲ 38.5%
Debt
€246k ▼ 11.0%
Debt's share of the balance-sheet total falls from 36.5% to 32.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€18k▼
2024 · €19k
Cash flow
€18k▼
2024 · €18k
Current ratio
3.05▲
2024 · 2.78
Debt to equity
0.55▼
2024 · 0.64
ROE
2.7%▲
2024 · 2.1%
ROA
1.6%▲
2024 · 1.2%
Interest coverage
31.40▼
2024 · 45.05
Debt ≤ 1 year
€243k▼
2024 · €267k
Staff costs
€1.67M▲
2024 · €1.49M
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 · 45 lines
Balance sheet
Code20242025
Assets
Total assets20/58€756k€756k▼
Fixed assets21/28€15k€17k▲
Tangible fixed assets22/27€9k€11k▲
Furniture and vehicles24€9k€11k▲
Financial fixed assets28€5k€5k=
Current assets29/58€742k€739k▼
Amounts receivable within one year40/41€312k€510k▲
Trade receivables40€147k€134k▼
Other amounts receivable41€165k€376k▲
Cash at bank and in hand54/58€429k€225k▼
Deferred charges and accrued income490/1€981€4k▲
Equity and liabilities
Total equity and liabilities10/49€756k€756k▼
Equity10/15€434k€446k▲
Reserves13€189k€189k=
Profit (loss) carried forward14€245k€257k▲
Provisions and deferred taxes16€46k€64k▲
Provisions for liabilities and charges160/5€46k€64k▲
Other liabilities and charges164/5€46k€64k▲
Amounts payable17/49€276k€246k▼
Amounts payable within one year42/48€267k€243k▼
Trade debts44€43k€54k▲
Suppliers440/4€43k€54k▲
Taxes, remuneration and social security45€208k€170k▼
Taxes450/3€26k€20k▼
Remuneration and social security454/9€182k€150k▼
Accrued charges and deferred income492/3€9k€3k▼
Income statement
Code20242025
Turnover70€417k€385k▼
Goods, raw materials, services and sundry goods60/61€149k€138k▼
Remuneration, social security and pensions62€1.49M€1.67M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€6k▼
Other operating charges640/8€839€59▼
Gross operating margin9900€1.51M€1.70M▲
Operating profit (loss)9901€10k€12k▲
Financial income75/76B-€80
Recurring financial income75-€80
Financial charges65/66B€1k€577▼
Recurring financial charges65€420€577▲
Non-recurring financial charges66B€600-
Profit (loss) for the period before taxes9903€9k€12k▲
Profit (loss) for the period9904€9k€12k▲
Profit (loss) for the period to be appropriated9905€9k€12k▲
Appropriation of the result
Profit (loss) to be appropriated9906€249k€257k▲
Profit (loss) brought forward from the previous period14P€240k€245k▲
To contributions691€4k-
Social balance
Average headcount (FTE)908727.528.9▲
The notes to these accounts (11 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
26-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
15-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
25-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Weakest financial yearnet €6k ▼58.3%
Net result drops to €6k, the lowest in the series; recovery starts the following year.
08-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
06-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
15-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Highest result since 2018net €112k ▲472%
Operating result €112k, net result €112k, both a record.
20-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 81 days late
2019
03-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
02-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
27-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
11 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, Sint-Joost-ten-Node · 1 establishment unit since 2008
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.
Middaglijnstraat 201210 Sint-Joost-ten-NodeGround area
125 m²
Parcel 21014A0504/00V008, Brussels. Linked by address, not a title deed.
1 establishment unit
FOBAGRA
since 20082.176.522.226
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21014A0504/00V008 | Brussels | 125 m² | - | - |
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.
Similar companies · same sector, comparable size
DrivOlution
BE 0875.729.658
Leuven · Eq €445k
OLEANDRE
BE 0472.342.488
Mont-Saint-Guibert · Eq €448k
LE CORTIL
BE 0426.603.327
Neupré · Eq €443k
NEVE
BE 0894.222.511
Namur · Eq €449k
De Vlaspit - Opleiding en Werkervaring
BE 0466.952.852
Scherpenheuvel-Zichem · Eq €450k
Of 3,017 companies in sector 85592 we hold annual accounts for 987. 644 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 formNon-profit association
Founded27-08-1997
Fiscal year end31-12
Activities, NACEBEL 2025
85592Vocational training
Sources
Crossroads Bank for EnterprisesNational Bank · 18 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.