ACTIVE

AGRO - BELTS

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Financial year 2025 · closed on 31/12/2025

Net result

799,5 k €

+19.4% YoY

Gross margin

2,6 M €

+13.0% YoY

Equity

2,8 M €

+39.9% YoY

Workforce

21,5 ETP

+8.0% YoY

What does AGRO - BELTS do?

AGRO - BELTS is a Public limited company incorporated in 1981. Its registered office is in Kuurne. It employs on average 21,5 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0421.760.156

Incorporation

15/07/1981

Legal form

Public limited company

Registered office

Heirweg 80
8520 Kuurne · FlandreSee on map

Contributed capital

170 000,00 €

Latest accounts

31/12/2025

Average workforce

21,5 ETP

Joint committees (5)

111
111105
209
20905
214

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	2,6 M €	+13.0%	2,3 M €	+21.3%	1,9 M €	+23.4%	1,6 M €	+7.3%	1,5 M €	+9.1%	1,3 M €	+2.2%	1,3 M €	+0.3%	1,3 M €	+47.1%	884,6 k €	+80.7%	489,6 k €	+17.7%	416,1 k €	+2.6%	405,7 k €	+11.8%	362,7 k €	-6.3%	387,2 k €	+3.8%	373 k €	-17.7%	453,3 k €	+11.1%	408,2 k €	+1.6%	401,6 k €	+11.0%	361,8 k €	-16.9%	435,5 k €
EBITDA	1,2 M €	+17.4%	1 M €	+66.0%	629 k €	+44.6%	435,1 k €	+115%	202,3 k €	+11.9%	180,9 k €	-6.7%	193,8 k €	+12.6%	172,1 k €	+208%	-159,6 k €	-192%	174,2 k €	+45.2%	120 k €	-1.5%	121,8 k €	+19.7%	101,8 k €	-11.1%	114,4 k €	+10.5%	103,6 k €	-46.5%	193,6 k €	+51.0%	128,2 k €	-34.0%	194,4 k €	+15.3%	168,6 k €	+37.4%	122,7 k €
Operating result	1,2 M €	+16.1%	1 M €	+76.6%	566,8 k €	+52.3%	372,1 k €	+188%	129,3 k €	-1.3%	131 k €	-9.0%	143,9 k €	+7.6%	133,7 k €	+167%	-201,1 k €	-234%	150,4 k €	+62.1%	92,8 k €	-0.9%	93,6 k €	+34.2%	69,8 k €	-18.5%	85,6 k €	+3.8%	82,4 k €	-54.6%	181,7 k €	+51.8%	119,7 k €	-34.5%	183 k €	+16.4%	157,2 k €	+68.6%	93,2 k €
Net result	799,5 k €	+19.4%	669,7 k €	+96.5%	340,9 k €	+40.0%	243,5 k €	+427%	46,2 k €	+4.8%	44,1 k €	-1.4%	44,8 k €	+459%	8 k €	+102%	-324,7 k €	-402%	107,4 k €	+42.0%	75,6 k €	-7.4%	81,6 k €	+29.7%	62,9 k €	-13.2%	72,6 k €	-7.2%	78,2 k €	-45.6%	143,7 k €	+72.5%	83,3 k €	-40.5%	140 k €	+16.4%	120,3 k €	-51.1%	245,9 k €
Balance sheet
Equity	2,8 M €	+39.9%	2 M €	+50.2%	1,3 M €	+34.3%	993,3 k €	+32.5%	749,8 k €	+6.6%	703,5 k €	+6.7%	659,4 k €	+7.3%	614,6 k €	+1.3%	606,6 k €	-26.1%	820,8 k €	+15.0%	713,5 k €	+0.0%	713,2 k €	-8.7%	781,5 k €	-10.0%	868,6 k €	+9.1%	796 k €	+10.9%	717,8 k €	+0.0%	717,6 k €	+3.4%	694,3 k €	+9.5%	634,3 k €	+10.5%	574 k €
Total assets	5,8 M €	+14.7%	5,1 M €	+12.9%	4,5 M €	+4.4%	4,3 M €	+4.9%	4,1 M €	+0.9%	4 M €	+1.3%	4 M €	-0.0%	4 M €	+4.0%	3,8 M €	+14.8%	3,3 M €	+270%	904,6 k €	-3.0%	932,6 k €	-6.2%	994,6 k €	-1.0%	1 M €	+14.2%	879,8 k €	-9.2%	968,5 k €	-6.3%	1 M €	-14.0%	1,2 M €	+15.0%	1 M €	+6.4%	981,3 k €
Cash	938,7 k €	-30.7%	1,4 M €	+22.4%	1,1 M €	+287%	285,9 k €	-39.1%	469,5 k €	-38.4%	762,4 k €	+8.5%	702,7 k €	+26.9%	553,9 k €	+11.8%	495,7 k €	+183%	175,3 k €	-5.8%	186,1 k €	+47.8%	125,9 k €	-23.8%	165,2 k €	+94.8%	84,8 k €	+16.2%	73 k €	-42.0%	125,8 k €	+125%	55,9 k €	-10.2%	62,2 k €	+1.7%	61,2 k €	-57.4%	143,6 k €
Debts	3 M €	-1.8%	3 M €	-2.9%	3,1 M €	-4.7%	3,3 M €	-2.4%	3,3 M €	-0.3%	3,3 M €	+0.2%	3,3 M €	-1.4%	3,4 M €	+4.7%	3,2 M €	+28.1%	2,5 M €	+1220%	191,1 k €	-12.9%	219,4 k €	+3.0%	213,1 k €	+57.0%	135,7 k €	+62.0%	83,8 k €	-66.2%	248,2 k €	-18.2%	303,3 k €	-38.6%	494,2 k €	+20.5%	410,1 k €	+0.7%	407,4 k €
Other
Workforce	21,5 ETP	+8.0%	19,9 ETP	-6.6%	21,3 ETP	+5.4%	20,2 ETP	-10.2%	22,5 ETP	+4.2%	21,6 ETP	-4.0%	22,5 ETP	-7.4%	24,3 ETP	-9.3%	26,8 ETP	+339%	6,1 ETP	+8.9%	5,6 ETP	0.0%	5,6 ETP	+5.7%	5,3 ETP	-1.9%	5,4 ETP	-1.8%	5,5 ETP	+3.8%	5,3 ETP	-8.6%	5,8 ETP	+16.0%	5,0 ETP	+16.3%	4,3 ETP	+19.4%	3,6 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 17 ended

Active mandates

Esther Hilke HESSELS

Director · since 28 mars 2023 · until 01 juin 2029

Active

HESSELS BELGIE

Director · since 28 mars 2023 · until 01 juin 2029 · 0881.577.669

Represented by Vaste vertegenwoordiger HESSELS Jan Roelof

Active

Ended mandates

Esther HESSELS

Director · since 28 mars 2023 · until 01 juin 2029

Ended

HESSELS BELGIE

Director · since 28 mars 2023 · until 01 juin 2029 · 0881.577.669

Represented by HESSELS JAN ROELOF

Ended

Esther HESSELS

Director · since 13 novembre 2019 · until 06 juin 2025

Ended

HESSELS BELGIE

Managing director · since 13 novembre 2019 · until 06 juin 2025 · 0881.577.669

Represented by vaste vertegenwoordiger Hessels Alex Fokke -

Ended

At this address

Other companies at this address

Company	CBE no.
HESSELS BELGIE● Active	0881.577.669

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	08/06/2026	18/06/2025	12/06/2024	21/06/2023	16/06/2022	11/06/2021
General meeting	05/06/2026	06/06/2025	07/06/2024	02/06/2023	03/06/2022	04/06/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	05/06/2026	08/06/2026	Dutch	PDF
Abridged model	31/12/2024	06/06/2025	18/06/2025	Dutch	PDF
Abridged model	31/12/2023	07/06/2024	12/06/2024	Dutch	PDF
Abridged model	31/12/2022	02/06/2023	21/06/2023	Dutch	PDF
Abridged model	31/12/2021	03/06/2022	16/06/2022	Dutch	PDF
Abridged model	31/12/2020	04/06/2021	11/06/2021	Dutch	PDF
Abridged model	31/12/2019	05/06/2020	19/06/2020	Dutch	PDF
Abridged model	31/12/2018	07/06/2019	14/06/2019	Dutch	PDF
Abridged modelCorrection	31/12/2017	01/06/2018	13/07/2018	Dutch	PDF
Abridged model	31/12/2017	01/06/2018	08/06/2018	Dutch	PDF
Abridged model	31/12/2016	02/06/2017	31/07/2017	Dutch	PDF
Abridged model	31/12/2015	03/06/2016	24/06/2016	Dutch	PDF
Abridged model	31/12/2014	05/06/2015	22/06/2015	Dutch	PDF
Abridged model	31/12/2013	06/06/2014	14/06/2014	Dutch	PDF
Abridged model	31/12/2012	07/06/2013	20/06/2013	Dutch	PDF
Abridged model	31/12/2011	01/06/2012	16/07/2012	Dutch	PDF
Abridged model	31/12/2010	03/06/2011	16/06/2011	Dutch	PDF
Abridged model	31/12/2009	04/06/2010	25/06/2010	Dutch	PDF
Abridged model	31/12/2008	05/06/2009	01/07/2009	Dutch	PDF
Abridged model	31/12/2007	06/06/2008	30/06/2008	Dutch	PDF
Abridged model	31/12/2006	01/06/2007	26/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 17 ended

Active mandates

Esther Hilke HESSELS

Director · since 28 mars 2023 · until 01 juin 2029

Active

HESSELS BELGIE

Director · since 28 mars 2023 · until 01 juin 2029 · 0881.577.669

Represented by Vaste vertegenwoordiger HESSELS Jan Roelof

Active

Ended mandates

Esther HESSELS

Director · since 28 mars 2023 · until 01 juin 2029

Ended

HESSELS BELGIE

Director · since 28 mars 2023 · until 01 juin 2029 · 0881.577.669

Represented by HESSELS JAN ROELOF

Ended

Esther HESSELS

Director · since 13 novembre 2019 · until 06 juin 2025

Ended

HESSELS BELGIE

Managing director · since 13 novembre 2019 · until 06 juin 2025 · 0881.577.669

Represented by vaste vertegenwoordiger Hessels Alex Fokke -

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates03/04/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DOEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates20/01/2020
ONTSLAGEN - BENOEMINGEN
PDF
Restructuring11/01/2018
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring05/09/2017
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates24/08/2017
ONTSLAGEN - BENOEMINGEN
PDF
Mandates14/03/2017
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates21/06/2011
ONTSLAGEN - BENOEMINGEN
PDF
Mandates18/11/2009
ONTSLAGEN - BENOEMINGEN
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 2025799,5 k €↑
2024
Annual accounts 2024669,7 k €↑
2023
Annual accounts 2023340,9 k €↑
2022
Annual accounts 2022243,5 k €↑
2021
Annual accounts 202146,2 k €↑
2020
Annual accounts 202044,1 k €↓
2019
Annual accounts 201944,8 k €↑
2018
Annual accounts 20188 k €↑
2017
Annual accounts 2017-324,7 k €↓
2016
Annual accounts 2016107,4 k €↑
2015
Annual accounts 201575,6 k €↓
2014
Annual accounts 201481,6 k €↑
2013
Annual accounts 201362,9 k €↓
2012
Annual accounts 201272,6 k €↓
2011
Annual accounts 201178,2 k €↓
2010
Annual accounts 2010143,7 k €↑
2009
Annual accounts 200983,3 k €↓
2008
Annual accounts 2008140 k €↑
2007
Annual accounts 2007120,3 k €↓
2006
Annual accounts 2006245,9 k €
15/07/1981
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

AGRO - BELTS

Overview

What does AGRO - BELTS do?

Trend over 20 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline