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 12.6 to 11.3.
Financials
Financial year 2025
VEGRAS from Ardooie, company number BE0556708239, closed financial year 2025 with a result of € 147,053 after tax. For that financial year VEGRAS recorded revenue of € 49.8 million and equity of € 544,004. Compared with financial year 2024, the result moved from € 294,347 to € 147,053. The company is profitable. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on June 24, 2026.
€ 544,004
▲ 37% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 147,053
▼ 50% vs 2024
Profit after tax over the fiscal year.
€ 872,801
▲ 95% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 525,404.
People and assets in 2025
11.3
▼ 0.3 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1.2 million
▲ 1% vs 2024
€ 110,200 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.
€ 2 million
▲ 46% vs 2024
Of which on lease € 1.8 million.
Debts at end 2025
€ 3 million
▲ 157% vs 2024
€ 408,233 is repaid this year. At this pace the long-term loan is gone in ≈ 7 years.
€ 6.6 million
▼ 9% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 46 days on average.
€ 246,377
▼ 18% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 37,813,241 | € 41,999,911 | € 50,870,026 | € 49,764,926 | ▼ 2% |
| Profit after taxes | € 9,887 | € 18,740 | € 294,347 | € 147,053 | ▼ 50% |
| Equity | € 83,864 | € 102,604 | € 396,951 | € 544,004 | ▲ 37% |
| Total debts | € 7,502,989 | € 11,478,245 | € 9,645,944 | € 9,957,163 | ▲ 3% |
| Cash | € 49,748 | € 600,774 | € 446,616 | € 872,801 | ▲ 95% |
| Retained profit | € 65,264 | € 84,004 | € 378,351 | € 525,404 | ▲ 39% |
| Bank debt | € 643,885 | € 730,661 | € 1,170,081 | € 3,009,260 | ▲ 157% |
| Balance sheet total | € 7,596,236 | € 11,580,849 | € 10,042,895 | € 10,501,167 | ▲ 5% |
| Employees (FTE) | 12.8 | 12.6 | 11.6 | 11.3 | ▼ 0.3 |
Key figures of VEGRAS, 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 VEGRAS?
What happened at VEGRAS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Marnix Snaet stepped down as director. NBB
- Edward Vercruysse stepped down as director. NBB
- Emmanuel Jadin stepped down as director. NBB
- Marco Bom stepped down as director. NBB
- John Kusters stepped down as director. NBB
- Roy Van de Corput stepped down as director. NBB
- Philip De Brabandere stepped down as director. NBB
- Christophe Jolly stepped down as director. NBB
In short
From € 9,887 profit in 2022 to € 147,053 profit in 2025.
Paid € 234,244 in corporate taxes since 2022.
Best year ever: 2024, with € 294,347 profit.
Pays suppliers within 46 days on average.
Management
The stake of ARDO FOODS comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
VEGRASThe shares are held by ARDO FOODS (25%). It owns 40% of Unigrow itself.
Directors
According to the 2025 annual accounts
since 2024 · until 2030
Edward Vercruysse
Chairman of the board
Also active at: LIETAER-VANHEEDE, Miedevia, AGRI VERCRUYSSE, UNIGROW
since 2024 · until 2030
since 2024 · until 2030
Marco Bom
Director
since 2024 · until 2030
John Kusters
Director
since 2024 · until 2030
Roy Van de Corput
Director
since 2024 · until 2030
since 2024 · until 2030
Christophe Jolly
Director
since 2024 · until 2030
Shareholders
25%
Participations
40%
Establishments
Establishment units
Physical locations of this company
Wezestraat 61
8850 Ardooie
Zwevezeelsestraat 142
8851 Ardooie
Active since 1 April 2015
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 9 companies are registered at this address.
All companies at this address →ARDO ARDOOIE
€ 140.3 million revenue · 2025
ARDO
€ 792.8 million revenue · 2025
Inero
€ 73,794 gross margin · 2025
ARDO ENERGY
RIWARD
+4 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0556.708.239
- VAT number
- BE 0556.708.239
- Registered office
- Wezestraat 61, 8850 Ardooie
- Names & denominations
- VEGRAS
- Enterprise type
- Rechtspersoon
- Legal form
- Cooperative company
- Legal situation
- Normale toestand
- Start date
- 10 July 2014
- Peppol
- Active · Active since 15 Jul 2025
- Activities · NACE
Groothandel in groenten en fruit, muv consumptieaardappelen
Activiteiten van vakbonden
Ondersteunende activiteiten in verband met de teelt van gewassen
Verwerking en conservering van groenten, exclusief productie van diepgevroren groenten
Behandeling van gewassen na de oogst en van zaden voor vermeerdering
Handelsbemiddeling in de groothandel in landbouwgrondstoffen, levende dieren en textielgrondstoffen en halffabricaten
Teelt van groenten, meloenen en wortel- en knolgewassen