Agref is registered with the CBE as active in: Vervaardiging van artikelen van beton voor de bouw. Public Limited, started on 22 September 1966, 1 establishment.

What is the address of Agref?

The registered office of Agref is located at Tragelweg 4, 9230 Wetteren.

Is Agref still active?

Yes. According to the CBE (29 October 2026) Agref is active, legal situation “Normale toestand”, started on 22 September 1966.

Is Agref registered on Peppol?

Yes, Agref is registered on the Peppol network with ID 0208:0400120842.

What is the enterprise number of Agref?

The enterprise number of Agref is BE0400120842.

When was Agref founded?

Agref was founded on 22 September 1966.

Who are the directors of Agref?

According to the 2025 annual accounts, the directors of Agref are: DEMALO nv, MDW PROJECTS nv.

Is Agref a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 22 September 1966; 5 annual accounts filed, latest fiscal year 2025; 2 directors known from the annual account.

How much profit did Agref make in 2025?

Agref posted a profit after taxes of € 57,982 in financial year 2025.

What is the revenue of Agref?

As a small company, Agref is not required to publish revenue in its annual accounts. In financial year 2025, its added value was € 2,377,401.

How much does an employee at Agref earn?

The average wage cost per full-time employee at Agref was € 58,400 in 2025: staff costs of € 1.7 million for 28.8 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does Agref have?

According to the 2025 annual accounts, Agref has 28.8 full-time equivalents (FTE).

Agref (Public Limited) - Wetteren - BE0400120842

Dossier Agref, printed on 29 October 2026 from databakkes.be/en/0400120842/agref. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Warning lights

Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.

Shrinking team NBB

FTE fell two years in a row, from 35.7 to 28.8.

Financials

Financial year 2025

Agref from Wetteren, company number BE0400120842, closed financial year 2025 with a result of € 57,982 after tax. For that financial year Agref recorded a gross margin of € 2.4 million and equity of € 2.9 million. Compared with financial year 2024, the result moved from € 370,861 to € 57,982. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on August 28, 2026.

What it is worth Growing

€ 2.9 million

▲ 2% vs 2024

Assets minus debts, by the books. What is left if everything were sold and paid today.

Profit Healthy

€ 57,982

▼ 84% vs 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 29,559

▼ 78% vs 2024

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Growing

Stays in the company

No dividend for 2025. Retained profit grew to € 1.8 million.

People and assets in 2025

Full-time equivalents

28.8

▼ 2.8 vs 2024

Average over the fiscal year, from the social balance sheet.

Wage cost

€ 1.7 million

▼ 10% vs 2024

€ 58,400 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.

Vehicles and equipment

€ 185,220

▼ 18% vs 2024

Book value of vehicles, furniture and equipment.

Debts at end 2025

Bank debt ≈ 4 years to go The accounts give the long-term loan and the part due within the year. The remainder divided by that part is the number of years at an equal pace; a new loan or early repayment changes it.

€ 1.4 million

▼ 8% vs 2024

€ 222,899 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.

Owed to suppliers

€ 190,333

▼ 30% vs 2024

Supplier invoices still open on the last day of the fiscal year.

Taxes and wages

€ 306,267

▼ 8% vs 2024

Taxes, VAT and social contributions still to pay.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Gross margin	€ 3,119,143 Gross margin 2022: € 3,119,143 First fiscal year in the series	€ 2,753,906 Gross margin 2023: € 2,753,906 ▼ 12% vs 2022 (€ 3,119,143) Unfavourable step	€ 2,925,092 Gross margin 2024: € 2,925,092 ▲ 6% vs 2023 (€ 2,753,906) Favourable step	€ 2,377,401 Gross margin 2025: € 2,377,401 ▼ 19% vs 2024 (€ 2,925,092) Unfavourable step	▼ 19%
Profit after taxes	€ 365,811 Profit after taxes 2022: € 365,811 First fiscal year in the series	€ -11,311 Profit after taxes 2023: € -11,311 ▼ € 377,122 vs 2022 (€ 365,811) Unfavourable step	€ 370,861 Profit after taxes 2024: € 370,861 ▲ € 382,172 vs 2023 (€ -11,311) Favourable step	€ 57,982 Profit after taxes 2025: € 57,982 ▼ 84% vs 2024 (€ 370,861) Unfavourable step	▼ 84%
Equity	€ 2,750,151 Equity 2022: € 2,750,151 First fiscal year in the series	€ 2,738,794 Equity 2023: € 2,738,794 Unchanged (€ 2,750,151) Unfavourable step	€ 2,849,898 Equity 2024: € 2,849,898 ▲ 4% vs 2023 (€ 2,738,794) Favourable step	€ 2,898,050 Equity 2025: € 2,898,050 ▲ 2% vs 2024 (€ 2,849,898) Favourable step	▲ 2%
Total debts	€ 3,828,619 Total debts 2022: € 3,828,619 First fiscal year in the series	€ 3,424,641 Total debts 2023: € 3,424,641 ▼ 11% vs 2022 (€ 3,828,619) Favourable step	€ 3,386,400 Total debts 2024: € 3,386,400 ▼ 1% vs 2023 (€ 3,424,641) Favourable step	€ 3,031,804 Total debts 2025: € 3,031,804 ▼ 10% vs 2024 (€ 3,386,400) Favourable step	▼ 10%
Cash	€ 44,170 Cash 2022: € 44,170 First fiscal year in the series	€ 92,006 Cash 2023: € 92,006 ▲ 108% vs 2022 (€ 44,170) Favourable step	€ 137,286 Cash 2024: € 137,286 ▲ 49% vs 2023 (€ 92,006) Favourable step	€ 29,559 Cash 2025: € 29,559 ▼ 78% vs 2024 (€ 137,286) Unfavourable step	▼ 78%
Land & buildings	€ 3,227,749 Land & buildings 2022: € 3,227,749 First fiscal year in the series	€ 2,976,913 Land & buildings 2023: € 2,976,913 ▼ 8% vs 2022 (€ 3,227,749) Unchanged	€ 2,820,367 Land & buildings 2024: € 2,820,367 ▼ 5% vs 2023 (€ 2,976,913) Unchanged	€ 2,673,153 Land & buildings 2025: € 2,673,153 ▼ 5% vs 2024 (€ 2,820,367) Unchanged	▼ 5%
Retained profit	€ 1,749,832 Retained profit 2022: € 1,749,832 First fiscal year in the series	€ 1,738,521 Retained profit 2023: € 1,738,521 ▼ 1% vs 2022 (€ 1,749,832) Unfavourable step	€ 1,754,383 Retained profit 2024: € 1,754,383 ▲ 1% vs 2023 (€ 1,738,521) Favourable step	€ 1,812,364 Retained profit 2025: € 1,812,364 ▲ 3% vs 2024 (€ 1,754,383) Favourable step	▲ 3%
Dividend	€ 450,000 Dividend 2022: € 450,000 First fiscal year in the series	€ 0 Dividend 2023: € 0 ▼ 100% vs 2022 (€ 450,000) Unchanged	€ 355,000 Dividend 2024: € 355,000 Unchanged (€ 0) Unchanged	€ 0 Dividend 2025: € 0 ▼ 100% vs 2024 (€ 355,000) Unchanged	▼ 100%
Bank debt	€ 1,445,769 Bank debt 2022: € 1,445,769 First fiscal year in the series	€ 1,497,203 Bank debt 2023: € 1,497,203 ▲ 4% vs 2022 (€ 1,445,769) Unfavourable step	€ 1,557,617 Bank debt 2024: € 1,557,617 ▲ 4% vs 2023 (€ 1,497,203) Unfavourable step	€ 1,429,987 Bank debt 2025: € 1,429,987 ▼ 8% vs 2024 (€ 1,557,617) Favourable step	▼ 8%
Balance sheet total	€ 6,602,115 Balance sheet total 2022: € 6,602,115 First fiscal year in the series	€ 6,181,691 Balance sheet total 2023: € 6,181,691 ▼ 6% vs 2022 (€ 6,602,115) Unchanged	€ 6,249,464 Balance sheet total 2024: € 6,249,464 ▲ 1% vs 2023 (€ 6,181,691) Unchanged	€ 5,939,104 Balance sheet total 2025: € 5,939,104 ▼ 5% vs 2024 (€ 6,249,464) Unchanged	▼ 5%
Employees (FTE)	40.4 Employees (FTE) 2022: 40.4 First fiscal year in the series	35.7 Employees (FTE) 2023: 35.7 ▼ 4.7 vs 2022 (40.4) Unchanged	31.6 Employees (FTE) 2024: 31.6 ▼ 4.1 vs 2023 (35.7) Unchanged	28.8 Employees (FTE) 2025: 28.8 ▼ 2.8 vs 2024 (31.6) Unchanged	▼ 2.8

Key figures of Agref, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.

What happened to Agref?

What happened at Agref in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

2029 DEMALO nv stepped down as director. NBB
2029 MDW PROJECTS nv stepped down as director. NBB
Aug 28, 2026 New annual accounts for financial year 2025: profit of € 57,982 (▼ 84% vs 2024). filed late Source: NBB ↗
2023 DEMALO nv became a director. NBB
2023 MDW PROJECTS nv became a director. NBB
Sep 22, 1966 Start of the company according to the CBE. KBO
Oct 1, 1945 New establishment in Wetteren. KBO

In short

From € 365,811 profit in 2022 to € 57,982 profit in 2025.

Paid € 116,304 in corporate taxes since 2022.

Best year ever: 2024, with € 370,861 profit.

On average € 82,500 of value added per employee in 2025.

Original PDFs at the National Bank ↗

Management

MDW PROJECTS 100%

The stake of MDW PROJECTS comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.

Agref

The shares are held by MDW PROJECTS (100%).

Directors

According to the 2025 annual accounts

DEMALO nv

Managing director · represented by Bernard De Witte

Also active at: KASTER

since 2023 · until 2029

MDW PROJECTS nv

Managing director · represented by Martin DE WITTE

Also active at: W. Michiels - Algemene Onderneming van Bouwwerken, KASTER

since 2023 · until 2029

Shareholders

MDW PROJECTS

100%

Participations

No participations in other companies reported.

Establishments

Establishment units

Physical locations of this company

Registered office

Tragelweg 4

9230 Wetteren

Who else lives here?

A building full of entrepreneurs or one very busy letterbox? Another 3 companies are registered at this address.

All companies at this address →

W. Michiels - Algemene Onderneming van Bouwwerken same network

€ 296,653 gross margin · 2025

KASTER same network

€ -4,521 gross margin · 2025

Fabriek 9000

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Details

Company number: 0400.120.842
VAT number: BE 0400.120.842
Registered office: Tragelweg 4, 9230 Wetteren
Names & denominations: Agref
Enterprise type: Rechtspersoon
Legal form: Public limited company
Legal situation: Normale toestand
Start date: 22 September 1966
Peppol: Active · Active since 23 May 2025
Activities · NACE: Vervaardiging van artikelen van beton voor de bouw

View on CBE Public ↗ Annual accounts (NBB) ↗