MASSAGRI
ActiveSummary
MASSAGRI has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €564k and a net result of €78k. Equity is growing by ~22.3% per year across the filed fiscal years. Its solvency ranks better than 34% of 8001 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
62
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability65▼-12
Solvency54▲+2
Growth58=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity short (current ratio 0.83 against 0.99 in 2024; short-term debt: 24% and cash: 4.3% of total assets), and 71.4% of the assets are financed with debt.
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
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
28.6%
Return on assets
4%
Age of the figures
9 mo
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 →
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 29-07-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 d early
2024
on the day
2023
on the day
2022
on the day
2021
3 d early
2020
40 d late
2019
59 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, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€78k▼ 34.2%
2024 · €119k
2018: €22k
2019: €-348k
2020: €91k
2021: €219k
2022: €524k
2023: €293k
2024: €119k
2018 → 2025
Working capital
€-81k▼ 1,137%
2024 · €-7k
2018: €220k
2019: €-791
2020: €-42k
2021: €61k
2022: €149k
2023: €145k
2024: €-7k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€170k-€337k▲ 98.4%€402k▲ 19.2%€486k▲ 20.8%€564k▲ 16.1%
Operating result€256k-€727k▲ 184%€425k▼ 41.6%€169k▼ 60.1%€143k▼ 15.4%
Net result€219k-€524k▲ 140%€293k▼ 44.2%€119k▼ 59.4%€78k▼ 34.2%
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2025 is 15% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.98M
Fixed assets
€1.58M ▲ 19.5%
Current assets
€393k ▼ 15.1%
Equity and liabilities €1.98M
Equity
€564k ▲ 16.1%
Debt
€1.41M ▲ 8.5%
Debt's share of the balance-sheet total falls from 72.8% to 71.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€230k▼
2024 · €232k
Cash flow
€165k▼
2024 · €182k
Current ratio
0.83▼
2024 · 0.99
Quick ratio
0.56▼
2024 · 0.69
Debt to equity
2.50▼
2024 · 2.68
ROE
13.8%▼
2024 · 24.4%
ROA
4.0%▼
2024 · 6.6%
Interest coverage
5.01▼
2024 · 7.54
Debt ≤ 1 year
€474k▲
2024 · €469k
Debt > 1 year
€935k▲
2024 · €829k
Income taxes
€29k▼
2024 · €29k
Staff costs
€39k▲
2024 · €39k
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 · 57 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.79M€1.98M▲
Fixed assets21/28€1.32M€1.58M▲
Tangible fixed assets22/27€794k€1.03M▲
Land and buildings22€737k€700k▼
Plant, machinery and equipment23€51k€325k▲
Furniture and vehicles24€7k€8k▲
Financial fixed assets28€530k€550k▲
Current assets29/58€463k€393k▼
Stocks and contracts in progress3€137k€128k▼
Stocks30/36€137k€128k▼
Amounts receivable within one year40/41€192k€166k▼
Trade receivables40€111k€137k▲
Other amounts receivable41€80k€28k▼
Cash at bank and in hand54/58€123k€85k▼
Deferred charges and accrued income490/1€11k€15k▲
Equity and liabilities
Total equity and liabilities10/49€1.79M€1.98M▲
Equity10/15€486k€564k▲
Contributions10/11€12k€12k=
Reserves13€465k€543k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€463k€541k▲
Profit (loss) carried forward14€9k€9k▲
Amounts payable17/49€1.30M€1.41M▲
Amounts payable after more than one year17€829k€935k▲
Financial debts170/4€829k€935k▲
Amounts payable within one year42/48€469k€474k▲
Current portion of amounts payable after more than one year42€102k€148k▲
Trade debts44€283k€121k▼
Suppliers440/4€283k€121k▼
Taxes, remuneration and social security45€7k€40k▲
Taxes450/3-€35k
Remuneration and social security454/9€7k€5k▼
Other amounts payable47/48€77k€165k▲
Accrued charges and deferred income492/3€2k€3k▲
Income statement
Code20242025
Remuneration, social security and pensions62€39k€39k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€63k€87k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€-19k
Other operating charges640/8€24k€14k▼
Gross operating margin9900€295k€264k▼
Operating profit (loss)9901€169k€143k▼
Financial income75/76B€9k€9k▲
Recurring financial income75€9k€9k▲
Financial charges65/66B€31k€46k▲
Recurring financial charges65€31k€46k▲
Profit (loss) for the period before taxes9903€148k€107k▼
Income taxes67/77€29k€29k▼
Profit (loss) for the period9904€119k€78k▼
Profit (loss) for the period to be appropriated9905€119k€78k▼
Appropriation of the result
Profit (loss) to be appropriated9906€127k€87k▼
Profit (loss) brought forward from the previous period14P€8k€9k▲
Transfer from equity791/2€35k-
Transfer to equity691/2€118k€78k▼
To other reserves6921€118k€78k▼
Profit to be distributed694/7€35k-
Return on contributions (dividend)694€35k-
Social balance
Average headcount (FTE)90870.60.6=
The notes to these accounts (22 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
29-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Equity above €500kEq €564k ▲16.1%
6 profitable years in a row build equity to €564k.
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Highest result since 2018net €524k ▲140%
Operating result €727k, net result €524k, both a record.
31-12
Financial
Equity above €200kEq €337k ▲98.4%
3 profitable years in a row build equity to €337k.
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Equity above €150kEq €170k ▲176%
2 profitable years in a row build equity to €170k.
09-09
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 40 days late
2020
31-12
Financial
Back to profitnet €91k
Net result €91k after one loss-making year.
28-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 59 days late
Show earlier events
2019
31-12
Financial
Weakest financial yearnet €-348k ▼1651%
Net result drops to €-348k, the lowest in the series; recovery starts the following year.
29-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
19-07
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
7 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, Verlaine · 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.
Rue des Croisettes(VER) 834537 VerlaineGround area
8,238 m²
Building footprint
3,194 m²
Volume, LiDAR
25,119 m³
2 parcels, Wallonia · tallest building 9.7 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
MASSAGRI
since 20082.172.300.548
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 61063B1681/00R000 | Wallonia | 6,245 m² | 1 · 3,022 m² | 9.7 m · 3 fl. |
| 61063A0530/00K000 | Wallonia | 1,993 m² | 1 · 172 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteVerlaine2.172.300.548
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Of 1,228 companies in sector 46851 we hold annual accounts for 516. 342 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 formPrivate limited company
Founded24-09-2007
Fiscal year end31-12
Activities, NACEBEL 2025
46216Wholesale of agricultural produce and animal feed, general range
46851Wholesale of industrial chemicals
47761Retail sale of flowers, plants, seeds and fertilisers
Sources
Crossroads Bank for EnterprisesNational Bank · 18 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.