TINAGRO
ActiveTINAGRO has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €389k and a net result of €9k. Equity is growing by ~72.5% per year across the filed fiscal years. Its solvency ranks better than 43% of 9582 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
76
/ 100
Excellent▼ -2 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability12▼-47
Solvency65▲+15
Growth52▼-26
Stability100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity ample (current ratio 1.58 against 1.36 in 2023), but 67% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four 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 · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 26-06-2025, 35 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
35 d early
2023
41 d early
2022
14 d early
2021
5 d early
2020
1 d early
2019
1 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€389k▲ 2.4%
2023 · €380k
2019: €32k
2020: €74k
2021: €181k
2022: €335k
2023: €380k
2019 → 2024
Total assets
€1.18M▼ 15.5%
2023 · €1.40M
2019: €1.29M
2020: €1.92M
2021: €2.10M
2022: €2.22M
2023: €1.40M
2019 → 2024
Net result
€9k▼ 79.6%
2023 · €45k
2019: €12k
2020: €42k
2021: €107k
2022: €154k
2023: €45k
2019 → 2024
Working capital
€168k▲ 21.2%
2023 · €139k
2019: €-1.01M
2020: €-280k
2021: €57k
2022: €79k
2023: €139k
2019 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€74k-€181k▲ 145%€335k▲ 85.0%€380k▲ 13.3%€389k▲ 2.4%
Operating result€64k-€125k▲ 94.4%€176k▲ 41.1%€59k▼ 66.2%€22k▼ 62.7%
Net result€42k-€107k▲ 157%€154k▲ 43.7%€45k▼ 71.0%€9k▼ 79.6%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 63% below 2023 and is the lowest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.18M
Fixed assets
€725k▼ 16.6%
Current assets
€456k▼ 13.6%
Equity and liabilities €1.18M
Equity
€389k▲ 2.4%
Debt
€791k▼ 22.2%
The debt ratio falls from 72.8% to 67.0%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€177k▼
2023 · €213k
Cash flow
€164k▼
2023 · €198k
Solvency
33.0%▲
2023 · 27.2%
Current ratio
1.58▲
2023 · 1.36
Quick ratio
1.58▲
2023 · 1.36
Debt / equity
2.03▼
2023 · 2.68
ROE
2.3%▼
2023 · 11.8%
ROA
0.8%▼
2023 · 3.2%
Interest coverage
16.75▼
2023 · 17.91
Debt
€791k▼
2023 · €1.02M
Debt ≤ 1 year
€288k▼
2023 · €389k
Debt > 1 year
€504k▼
2023 · €628k
Income taxes
€3k▼
2023 · €3k
Staff costs
€346k▲
2023 · €330k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€1.40M€1.18M▼
Fixed assets21/28€869k€725k▼
Tangible fixed assets22/27€867k€723k▼
Land and buildings22€131k€110k▼
Plant, machinery and equipment23€736k€612k▼
Furniture and vehicles24€498€213▼
Financial fixed assets28€2k€2k=
Current assets29/58€528k€456k▼
Amounts receivable within one year40/41€498k€333k▼
Trade receivables40€466k€298k▼
Other amounts receivable41€32k€35k▲
Cash at bank and in hand54/58€25k€118k▲
Deferred charges and accrued income490/1€5k€5k▼
Equity and liabilities
Total equity and liabilities10/49€1.40M€1.18M▼
Equity10/15€380k€389k▲
Contributions10/11€20k€20k=
Reserves13€360k€369k▲
Distributable reserves133€360k€369k▲
Amounts payable17/49€1.02M€791k▼
Amounts payable after more than one year17€628k€504k▼
Financial debts170/4€628k€504k▼
Amounts payable within one year42/48€389k€288k▼
Current portion of amounts payable after more than one year42€124k€124k=
Trade debts44€200k€93k▼
Suppliers440/4€200k€93k▼
Taxes, remuneration and social security45€36k€37k▲
Taxes450/3€4k€6k▲
Remuneration and social security454/9€32k€31k▼
Other amounts payable47/48€28k€33k▲
Income statement
Code20232024
Remuneration, social security and pensions62€330k€346k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€153k€155k▲
Other operating charges640/8€1k€2k▲
Gross operating margin9900€544k€525k▼
Operating profit (loss)9901€59k€22k▼
Financial income75/76B€122€199▲
Recurring financial income75€122€199▲
Financial charges65/66B€12k€11k▼
Recurring financial charges65€12k€11k▼
Profit (loss) for the period before taxes9903€48k€12k▼
Income taxes67/77€3k€3k▼
Profit (loss) for the period9904€45k€9k▼
Profit (loss) for the period to be appropriated9905€45k€9k▼
Appropriation of the result
Profit (loss) to be appropriated9906€45k€9k▼
Transfer to equity691/2€45k€9k▼
To other reserves6921€45k€9k▼
Social balance
Average headcount (FTE)90879.47.3▼
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
26-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet €9k ▼79.6%
Net result drops to €9k, the lowest in the series.
20-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
17-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Highest result since 2019net €154k ▲43.7%
Operating result €176k, net result €154k, both a record.
31-12
Financial
Equity above €200kEq €335k ▲85%
4 profitable years in a row build equity to €335k.
26-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €150kEq €181k ▲145%
3 profitable years in a row build equity to €181k.
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Financial 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, Sint-Katelijne-Waver · 1 establishment unit since 2019
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.
Bergstraat 532861 Sint-Katelijne-WaverGround area
1,508 m²
Building footprint
313 m²
Volume, LiDAR
734 m³
Parcel 12027D0496/00T002, Flanders · tallest building 11.7 m. Linked by address, not a title deed.
1 establishment unit
TINAGRO
since 20192.292.046.355
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12027D0496/00T002 | Flanders | 1,508 m² | 1 · 313 m² | 11.7 m |
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 siteSint-Katelijne-Waver2.292.046.355
Similar companies · same sector, comparable size
Berto
BE 0794.898.370
Duffel · Eq €388k
FRACHA
BE 0480.294.213
Tielt · Eq €394k
DE BOSSEN
BE 0847.378.637
Lier · Eq €395k
DEVEUX FRUIT
BE 0478.297.397
Hasselt · Eq €396k
FRESITA
BE 0810.179.236
Wingene · Eq €397k
Of 3,614 companies in sector 01130 we hold annual accounts for 783. 597 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded28-06-2019
Fiscal year end31-12
Activities, NACEBEL
01130Growing of vegetables, melons, roots and tubers
47210Retail sale of fruit and vegetables
01110Growing of cereals (except rice), leguminous crops and oil seeds
01240Growing of pome and stone fruits
35110Production of electricity from non-renewable sources
35120Electricity, gas, steam and air conditioning supply
35130Electricity, gas, steam and air conditioning supply
35140Electricity, gas, steam and air conditioning supply
46319Wholesale of fruit and vegetables, excluding potatoes
Sources
Crossroads Bank for EnterprisesNational Bank · 6 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.