MICAGRI
ActiveMICAGRI has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €35k and a net result of €-6k. Equity is shrinking by ~13.2% per year across the filed fiscal years. Its solvency ranks better than 20% of 3099 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
20
/ 100
Critical▼ -8 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0=
Solvency2▼-2
Growth43=
Stability100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.26 against 0.14 in 2024), and 96.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Nine 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 01
Relative position
BE, all sectors
reference
Sector 01
lower
← 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 2025Solvency, return and age of the figures
Solvency
3.7%
Return on assets
-0.6%
Age of the figures
18 mo
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 · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity fell accordingly. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
19202122232425
2019 to 2025 · latest year -€6k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 3099 sector peers (2025).
NBB · sector comparisonPosition among 3099 sector peers
Solvency
better than 20%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 24-10-2025, 7 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
7 d early
2024
3 d early
2023
6 d early
2022
on the day
2021
2 d early
2020
27 d late
2019
1 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close15-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, micro schema
Turnover
€203k▼ 5.5%
2022 · €214k
2022: €214k
2022 → 2023
EBIT margin
-7.7%▼ 8.3pp
2022 · 0.6%
2022: 0.6%
2022 → 2023
Net result
€-6k▼ 124%
2024 · €-3k
2019: €-7k
2020: €146
2021: €3k
2022: €10k
2023: €-8k
2024: €-3k
2019 → 2025
Working capital
€-387k▼ 4.1%
2024 · €-372k
2019: €-61k
2020: €-60k
2021: €-60k
2022: €-381k
2023: €-398k
2024: €-372k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€214k€203k▼ 5.5%
Equity€86k-€84k▼ 2.3%€64k▼ 24.0%€49k▼ 22.6%€35k▼ 29.8%
Operating result€10k-€1k▼ 86.8%€-16k€-9k▲ 44.9%€-10k▼ 21.9%
Net result€3k-€10k▲ 253%€-8k€-3k▲ 68.6%€-6k▼ 124%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €10k in 2025 against €9k in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €938k
Fixed assets
€799k▼ 2.5%
Current assets
€139k▲ 126%
Equity and liabilities €938k
Equity
€35k▼ 29.8%
Debt
€903k▲ 8.6%
The debt ratio rises from 94.4% to 96.3%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€149k▲
2024 · €141k
Cash flow
€154k▲
2024 · €147k
Solvency
3.7%▼
2024 · 5.6%
Current ratio
0.26▲
2024 · 0.14
Quick ratio
0.16▲
2024 · 0.04
Debt / equity
26.03▲
2024 · 16.83
ROE
-17.0%▼
2024 · -5.3%
ROA
-0.6%▼
2024 · -0.3%
Interest coverage
29.29▲
2024 · 24.17
Debt
€903k▲
2024 · €831k
Debt ≤ 1 year
€526k▲
2024 · €433k
Debt > 1 year
€376k▼
2024 · €397k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€881k€938k▲
Fixed assets21/28€819k€799k▼
Tangible fixed assets22/27€819k€799k▼
Land and buildings22€70k€69k▼
Plant, machinery and equipment23€749k€669k▼
Furniture and vehicles24€387€60k▲
Current assets29/58€61k€139k▲
Stocks and contracts in progress3€43k€52k▲
Stocks30/36€43k€52k▲
Amounts receivable within one year40/41€8k€85k▲
Trade receivables40€8k€74k▲
Other amounts receivable41-€11k
Cash at bank and in hand54/58€5k-
Deferred charges and accrued income490/1€4k€1k▼
Equity and liabilities
Total equity and liabilities10/49€881k€938k▲
Equity10/15€49k€35k▼
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€2k€-4k▼
Investment grants15€27k€18k▼
Amounts payable17/49€831k€903k▲
Amounts payable after more than one year17€397k€376k▼
Financial debts170/4€397k€376k▼
Amounts payable within one year42/48€433k€526k▲
Current portion of amounts payable after more than one year42€124k€104k▼
Financial debts43-€168
Credit institutions430/8-€168
Trade debts44€19k€7k▼
Suppliers440/4€19k€7k▼
Taxes, remuneration and social security45€19k€16k▼
Taxes450/3€12k€7k▼
Remuneration and social security454/9€7k€10k▲
Other amounts payable47/48€271k€398k▲
Accrued charges and deferred income492/3€1k€1k=
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€149k€160k▲
Other operating charges640/8€317€1k▲
Gross operating margin9900€141k€151k▲
Operating profit (loss)9901€-9k€-10k▼
Financial income75/76B€12k€10k▼
Recurring financial income75€12k€9k▼
Non-recurring financial income76B-€800
Financial charges65/66B€6k€5k▼
Recurring financial charges65€6k€5k▼
Profit (loss) for the period before taxes9903€-3k€-6k▼
Profit (loss) for the period9904€-3k€-6k▼
Profit (loss) for the period to be appropriated9905€-3k€-6k▼
Appropriation of the result
Profit (loss) to be appropriated9906€2k€-4k▼
Profit (loss) brought forward from the previous period14P€5k€2k▼
The notes to these accounts (9 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
2025
24-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
28-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
25-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
31-03
Financial
Weakest financial yearnet €-8k ▼186%
Net result drops to €-8k, the lowest in the series; recovery starts the following year.
2022
31-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
31-03
Financial
Highest result since 2019net €10k ▲253%
Net result €10k, the highest in the series.
2021
29-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
27-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 27 days late
31-03
Financial
Back to profitnet €146
Net result €146 after one loss-making year.
2019
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2018
26-10
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2017
02-10
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2016
27-10
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
3 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, Genappe · 1 establishment unit since 2011
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.
Bruyère Madame 11472 GenappeGround area
2,065 m²
Building footprint
401 m²
Volume, LiDAR
2,243 m³
Parcel 25106C0015/00H000, Wallonia · tallest building 9.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MICAGRI
since 20112.198.570.425
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25106C0015/00H000 | Wallonia | 2,065 m² | 1 · 400 m² | 9.3 m · 2 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteGenappe2.198.570.425
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Of 4,670 companies in sector 01610 we hold annual accounts for 1,363. 844 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded27-04-2011
Fiscal year end31-03
Activities, NACEBEL
01610Support activities for crop production
28300Manufacture of machinery and equipment not elsewhere classified
46214Wholesale trade
46311Wholesale trade
Sources
Crossroads Bank for EnterprisesNational Bank · 14 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.