ACTIVE

Flagro

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Financial year 2025 · closed on 31/12/2025

Net result

139,6 k €

+80.4% YoY

Gross margin

222,5 k €

+4.0% YoY

Equity

1,6 M €

+6.6% YoY

What does Flagro do?

Flagro is a Public limited company incorporated in 1981. Its registered office is in Tervuren.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0421.854.285

Incorporation

15/07/1981

Legal form

Public limited company

Registered office

Pastoor Vandersandestraat 15 box 11
3080 Tervuren · FlandreSee on map

Contributed capital

87 000,00 €

Latest accounts

31/12/2025

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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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	222,5 k €	+4.0%	213,9 k €	-3.8%	222,3 k €	+3.6%	214,5 k €	+2.2%	209,9 k €	-4.5%	219,8 k €	+3.2%	213 k €	+4.8%	203,1 k €	-0.8%	204,7 k €	+24.3%	164,7 k €	+12.2%	146,7 k €	-9.2%	161,6 k €	+2.3%	157,9 k €	-20.6%	198,8 k €	+11.4%	178,4 k €	+22.1%	146,1 k €	-8.6%	159,9 k €	-13.0%	183,8 k €	+18.1%	155,6 k €	-7.1%	167,4 k €
EBITDA	169,9 k €	+7.3%	158,4 k €	-7.6%	171,5 k €	-0.9%	173 k €	+2.2%	169,4 k €	-1.6%	172,2 k €	+5.5%	163,2 k €	-1.0%	164,9 k €	-0.5%	165,7 k €	+36.6%	121,3 k €	+6.9%	113,5 k €	-11.4%	128,2 k €	+2.3%	125,3 k €	-25.0%	167 k €	+12.5%	148,5 k €	+27.2%	116,7 k €	-7.0%	125,5 k €	-15.1%	147,8 k €	+22.4%	120,8 k €	-9.3%	133,1 k €
Operating result	126 k €	+25.6%	100,3 k €	-10.1%	111,5 k €	+32.7%	84 k €	+10.9%	75,8 k €	+7.0%	70,9 k €	+37.1%	51,7 k €	-13.6%	59,8 k €	-25.6%	80,4 k €	+179%	28,8 k €	-52.8%	61,1 k €	-12.6%	69,9 k €	-7.1%	75,3 k €	+667%	9,8 k €	+128%	-34,9 k €	+53.2%	-74,6 k €	-2617%	3 k €	-93.0%	42,2 k €	-30.3%	60,5 k €	-37.6%	96,9 k €
Net result	139,6 k €	+80.4%	77,4 k €	-12.9%	88,9 k €	+28.0%	69,4 k €	+19.5%	58,1 k €	+4.8%	55,4 k €	+38.1%	40,2 k €	-15.8%	47,7 k €	-69.7%	157,5 k €	+197%	53,1 k €	-78.0%	241,4 k €	+6.8%	226,1 k €	+111%	107,2 k €	+229%	32,6 k €	+1238%	-2,9 k €	+94.5%	-52,3 k €	-301%	26 k €	-77.8%	117,2 k €	+11.3%	105,3 k €	+1.1%	104,2 k €
Balance sheet
Equity	1,6 M €	+6.6%	1,5 M €	+2.2%	1,5 M €	+6.4%	1,4 M €	+5.2%	1,3 M €	+4.6%	1,3 M €	-16.2%	1,5 M €	+2.7%	1,5 M €	+3.4%	1,4 M €	-2.9%	1,5 M €	+3.8%	1,4 M €	-4.0%	1,5 M €	+18.2%	1,2 M €	-19.0%	1,5 M €	+2.2%	1,5 M €	-0.2%	1,5 M €	-17.7%	1,8 M €	+1.4%	1,8 M €	+6.9%	1,7 M €	+6.7%	1,6 M €
Total assets	1,7 M €	+6.0%	1,6 M €	+3.0%	1,5 M €	+6.1%	1,4 M €	+5.2%	1,4 M €	-16.5%	1,6 M €	+3.7%	1,6 M €	+3.5%	1,5 M €	+3.7%	1,5 M €	-4.8%	1,5 M €	+7.1%	1,4 M €	-3.9%	1,5 M €	-10.0%	1,7 M €	+6.1%	1,6 M €	+2.8%	1,5 M €	-0.2%	1,5 M €	-19.1%	1,9 M €	+3.4%	1,8 M €	+6.9%	1,7 M €	+6.0%	1,6 M €
Cash	198,4 k €	+141%	82,2 k €	-13.3%	94,8 k €	+73.8%	54,6 k €	-38.4%	88,7 k €	-72.6%	323,3 k €	+82.8%	176,8 k €	+21.6%	145,4 k €	-18.6%	178,6 k €	+545%	27,7 k €	+191%	9,5 k €	-93.4%	143,9 k €	+1.0%	142,5 k €	+644%	19,2 k €	+38.8%	13,8 k €	-2.4%	14,1 k €	-60.3%	35,6 k €	+55.4%	22,9 k €	+365%	4,9 k €	-96.9%	161 k €
Debts	26,4 k €	+24.1%	21,3 k €	+2.4%	20,8 k €	-1.6%	21,1 k €	+36.7%	15,5 k €	-95.5%	346,7 k €	+673%	44,8 k €	+16.3%	38,6 k €	+21.5%	31,7 k €	-50.5%	64,1 k €	+287%	16,5 k €	+4.2%	15,9 k €	-96.1%	409 k €	+2000%	19,5 k €	+121%	8,8 k €	-37.9%	14,2 k €	-70.9%	48,9 k €	+222%	15,2 k €	+8.6%	14 k €	-42.5%	24,3 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		0,2 ETP	-33.3%	0,3 ETP	0.0%	0,3 ETP	0.0%	0,3 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 7 ended

Active mandates

Carla Gelders

Director

Active

Christiane Geets

Director

Active

Gilbert Weltens

Managing director

Active

Sabine De Clercq

Director

Active

Ended mandates

Carla GELDERS

Managing director

Ended

Carla mevrouw GELDERS

Managing director

Ended

Christiane GEETS

Managing director

Ended

Christiane mevrouw GEETS

Managing director

Ended

At this address

Other companies at this address

Company	CBE no.
C.C. Papeblok● Liquidation	0456.320.563
D&M Consulting and Advice● Active	0565.963.029
GARRIMONT● Active	0438.773.956
Silva● Active	0419.402.660
Vereniging van Mede-Eigenaars Residentie Lindepark FASE II (Gebouw D) te Tervuren, Pastoor Vandersandestraat 15.● Active	0674.979.646
WELTENS CONSULTING● Active	0425.301.448

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro 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	29/06/2026	25/06/2025	12/06/2024	26/06/2023	24/06/2022	24/06/2021
General meeting	30/05/2026	30/05/2025	30/05/2024	30/05/2023	30/05/2022	31/05/2021
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	30/05/2026	29/06/2026	Dutch	PDF
Micro model	31/12/2024	30/05/2025	25/06/2025	Dutch	PDF
Micro model	31/12/2023	30/05/2024	12/06/2024	Dutch	PDF
Micro model	31/12/2022	30/05/2023	26/06/2023	Dutch	PDF
Micro model	31/12/2021	30/05/2022	24/06/2022	Dutch	PDF
Micro model	31/12/2020	31/05/2021	24/06/2021	Dutch	PDF
Abridged model	31/12/2019	30/05/2020	30/06/2020	Dutch	PDF
Abridged model	31/12/2018	30/05/2019	28/06/2019	Dutch	PDF
Abridged model	31/12/2017	30/05/2018	08/06/2018	Dutch	PDF
Abridged model	31/12/2016	30/05/2017	31/07/2017	Dutch	PDF
Abridged model	31/12/2015	30/05/2016	28/06/2016	Dutch	PDF
Abridged model	31/12/2014	01/06/2015	08/06/2015	Dutch	PDF
Abridged model	31/12/2013	30/05/2014	02/06/2014	Dutch	PDF
Abridged model	31/12/2012	30/05/2013	17/07/2013	Dutch	PDF
Abridged model	31/12/2011	30/05/2012	22/08/2012	Dutch	PDF
Abridged model	31/12/2010	30/05/2011	16/08/2011	Dutch	PDF
Abridged model	31/12/2009	31/05/2010	01/07/2010	Dutch	PDF
Abridged model	31/12/2008	30/05/2009	26/06/2009	Dutch	PDF
Abridged model	31/12/2007	30/05/2008	30/06/2008	Dutch	PDF
Abridged model	31/12/2006	30/05/2007	28/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 · 4 active · 7 ended

Active mandates

Carla Gelders

Director

Active

Christiane Geets

Director

Active

Gilbert Weltens

Managing director

Active

Sabine De Clercq

Director

Active

Ended mandates

Carla GELDERS

Managing director

Ended

Carla mevrouw GELDERS

Managing director

Ended

Christiane GEETS

Managing director

Ended

Christiane mevrouw GEETS

Managing director

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Other24/01/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates07/12/2023
ONTSLAGEN - BENOEMINGEN
PDF
Registered office12/08/2020
MAATSCHAPPELIJKE ZETEL
PDF
Mandates13/12/2017
ONTSLAGEN - BENOEMINGEN
PDF
Registered office25/07/2017
MAATSCHAPPELIJKE ZETEL
PDF
Mandates27/01/2012
KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates06/10/2011
ONTSLAGEN - BENOEMINGEN
PDF
Mandates16/08/2005
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 2025139,6 k €↑
2024
Annual accounts 202477,4 k €↓
2023
Annual accounts 202388,9 k €↑
2022
Annual accounts 202269,4 k €↑
2021
Annual accounts 202158,1 k €↑
2020
Annual accounts 202055,4 k €↑
2019
Annual accounts 201940,2 k €↓
2018
Annual accounts 201847,7 k €↓
2017
Annual accounts 2017157,5 k €↑
2016
Annual accounts 201653,1 k €↓
2015
Annual accounts 2015241,4 k €↑
2014
Annual accounts 2014226,1 k €↑
2013
Annual accounts 2013107,2 k €↑
2012
Annual accounts 201232,6 k €↑
2011
Annual accounts 2011-2,9 k €↑
2010
Annual accounts 2010-52,3 k €↓
2009
Annual accounts 200926 k €↓
2008
Annual accounts 2008117,2 k €↑
2007
Annual accounts 2007105,3 k €↑
2006
Annual accounts 2006104,2 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

Flagro

Overview

What does Flagro 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