Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 1 of the last 4 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 60 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
AGREFLOR from Erpe-Mere, company number BE0431224683, closed financial year 2025 with a result of € -272,670 after tax. For that financial year AGREFLOR recorded revenue of € 11 million and equity of € -215,227. Compared with financial year 2024, the result moved from € 21,997 to € -272,670. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 31, 2026.
€ -215,227
▼ € 272,670 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -272,670
▼ still € 21,997 profit in 2024
Profit after tax over the fiscal year.
Loss, nothing to pay out
Reserves fell to € -215,227.
People and assets in 2025
23.2
▲ 0.2 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1.4 million
▲ 4% vs 2024
€ 60,800 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.
€ 290,911
▼ 28% vs 2024
Of which on lease € 35,391.
Debts at end 2025
€ 1.3 million
▼ 10% vs 2024
€ 146,703 is repaid this year. At this pace the long-term loan is gone in ≈ 6 years.
€ 826,158
▼ 19% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 172,357
▼ 56% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 10,323,027 | € 9,182,454 | € 11,147,549 | € 10,967,417 | ▼ 2% |
| Gross margin | € 1,555,423 | € 1,334,214 | € 1,675,836 | € 1,409,571 | ▼ 16% |
| Profit after taxes | € 112,141 | € -50,055 | € 21,997 | € -272,670 | ▼ € 294,667 |
| Equity | € 117,726 | € 35,445 | € 57,443 | € -215,227 | ▼ € 272,670 |
| Total debts | € 2,913,990 | € 2,627,025 | € 2,910,549 | € 2,268,585 | ▼ 22% |
| Cash | € 41,264 | € 389,108 | € 118,882 | - | |
| Land & buildings | € 537,084 | € 519,021 | € 501,542 | € 476,414 | ▼ 5% |
| Retained profit | € 85,500 | € 35,445 | € 57,443 | € -215,227 | ▼ € 272,670 |
| Dividend | € 130,000 | € 0 | € 0 | € 0 | |
| Bank debt | € 1,404,652 | € 1,103,426 | € 1,416,474 | € 1,270,071 | ▼ 10% |
| Balance sheet total | € 3,033,516 | € 2,662,470 | € 2,967,992 | € 2,053,359 | ▼ 31% |
| Employees (FTE) | 21.2 | 21.8 | 23 | 23.2 | ▲ 0.2 |
Key figures of AGREFLOR, 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 AGREFLOR?
What happened at AGREFLOR in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 272,670 (▼ € 294,667 vs 2024). Source: NBB ↗
- JEAN-FRANCOIS MASSEGLIA became a director. NBB
- New establishment in Erpe-Mere. KBO
- Start of the company according to the CBE. KBO
In short
From € 112,141 profit in 2022 to € 272,670 loss in 2025.
Paid € 90,468 in corporate taxes since 2022.
Best year ever: 2022, with € 112,141 profit.
On average € 60,800 of value added per employee in 2025.
Management
Behind AGREFLOR is JEAN-FRANCOIS MASSEGLIA. The shares are held by Agre-Invest Comm. VA (88%) and Agre-Immo BVBA (12%).
Directors
According to the 2025 annual accounts
since 2013
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Oudenaardsesteenweg 253
9420 Erpe-Mere
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 →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0431.224.683
- VAT number
- BE 0431.224.683
- Registered office
- Oudenaardsesteenweg 253, 9420 Erpe-Mere
- Names & denominations
- AGREFLOR
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 26 May 1987
- Peppol
- Active · Active since 16 Mar 2026
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