ACTIVE

AGRAL

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Financial year 2025 · closed on 31/12/2025

Net result

-3 M €

-1537.6% YoY

Revenue

80,1 M €

+4.2% YoY

Equity

2 M €

-59.9% YoY

Workforce

40,7 ETP

+2.3% YoY

What does AGRAL do?

AGRAL is a Public limited company incorporated in 1986. Its main activity is: Wholesale of dairy products, eggs and edible oils and fats. Its registered office is in Courcelles. It employs on average 40,7 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0429.223.515

Incorporation

29/07/1986

Legal form

Public limited company

Registered office

Rue du Brabant Wallon(CO) 1
6180 Courcelles · WallonieSee on map

Contributed capital

4 080 000,00 €

Latest accounts

31/12/2025

Average workforce

40,7 ETP

Activities (NACE)

46331Wholesale of dairy products, eggs and edible oils and fats· main 46331Wholesale of dairy products, eggs and edible oils and fats 51331Air transport

Joint committees (5)

119
1190
200
2000
218

Signals

Good liquidityHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Revenue	80,1 M €	+4.2%	76,9 M €	+12.1%	68,6 M €	-17.8%	83,4 M €	+29.5%	64,4 M €	-18.4%	79 M €	-18.2%	96,6 M €	+35.9%	71 M €	+15.4%	61,5 M €	-16.2%	73,4 M €	+8.7%	67,5 M €	+21.8%	55,4 M €	-4.9%	58,3 M €	+12.4%	51,8 M €	+31.5%	39,4 M €	-3.4%	40,8 M €	+10.9%	36,8 M €	+42.6%	25,8 M €
EBITDA	-1,9 M €	-243%	1,4 M €	-54.7%	3 M €	+202%	-3 M €	-194%	3,2 M €	+503%	-783 k €	-376%	283,7 k €	-85.3%	1,9 M €	+38.6%	1,4 M €	+40.2%	991,5 k €	-54.7%	2,2 M €	-6.3%	2,3 M €	+106%	1,1 M €	-27.7%	1,6 M €	-40.6%	2,6 M €	+115%	1,2 M €	+30.2%	942,7 k €	+1.4%	929,3 k €
Operating result	-2,7 M €	-570%	570 k €	-74.5%	2,2 M €	+160%	-3,7 M €	-266%	2,3 M €	+189%	-2,6 M €	-72.3%	-1,5 M €	-984%	167,7 k €	+170%	-240,8 k €	+56.5%	-553,3 k €	-184%	662,4 k €	-12.1%	753,4 k €	+25.8%	599,1 k €	+61.5%	370,8 k €	-76.0%	1,5 M €	+181%	551,1 k €	+114%	257,2 k €	-30.0%	367,3 k €
Net result	-3 M €	-1538%	209,7 k €	-87.7%	1,7 M €	+144%	-3,9 M €	-298%	1,9 M €	+165%	-3 M €	-64.4%	-1,8 M €	-2333%	-75 k €	+81.5%	-406,2 k €	+54.4%	-891,8 k €	-347%	360,4 k €	-16.5%	431,3 k €	+357%	94,4 k €	-59.0%	230,1 k €	-71.5%	807,7 k €	+637%	109,6 k €	+44.9%	75,7 k €	-64.9%	215,4 k €
Balance sheet
Equity	2 M €	-59.9%	5,1 M €	+3.3%	4,9 M €	+50.5%	3,3 M €	-54.5%	7,2 M €	+857%	-953,5 k €	-146%	2,1 M €	-49.6%	4,2 M €	-7.8%	4,5 M €	-13.2%	5,2 M €	-18.3%	6,4 M €	+5.2%	6 M €	+2.0%	5,9 M €	+28.8%	4,6 M €	+18.8%	3,9 M €	+20.8%	3,2 M €	+17.3%	2,7 M €	-0.5%	2,7 M €
Total assets	22,2 M €	-18.2%	27,1 M €	+31.2%	20,7 M €	-22.3%	26,6 M €	+20.7%	22 M €	-17.5%	26,7 M €	-21.6%	34,1 M €	+12.6%	30,2 M €	-0.0%	30,3 M €	-8.4%	33 M €	-1.8%	33,6 M €	+9.3%	30,8 M €	-10.5%	34,4 M €	+9.0%	31,6 M €	+46.8%	21,5 M €	+34.2%	16 M €	+20.0%	13,4 M €	+11.9%	11,9 M €
Cash	136,8 k €	-93.8%	2,2 M €	+75.3%	1,3 M €	+50.9%	839,6 k €	+17.4%	715,5 k €	-46.7%	1,3 M €	-29.2%	1,9 M €	+198%	636,7 k €	-64.7%	1,8 M €	+442%	333,2 k €	-50.2%	668,4 k €	-72.4%	2,4 M €	-67.0%	7,3 M €	+225%	2,3 M €	-7.6%	2,5 M €	+227%	750 k €	+37.6%	545,2 k €	-54.1%	1,2 M €
Debts	19,9 M €	-8.7%	21,7 M €	+39.6%	15,6 M €	-32.8%	23,2 M €	+59.0%	14,6 M €	-46.6%	27,3 M €	-13.7%	31,6 M €	+24.8%	25,3 M €	-1.1%	25,6 M €	-7.6%	27,7 M €	+2.1%	27,1 M €	+11.9%	24,2 M €	-13.2%	27,9 M €	+5.2%	26,6 M €	+54.4%	17,2 M €	+39.9%	12,3 M €	+19.2%	10,3 M €	+16.6%	8,8 M €
Other
Workforce	40,7 ETP	+2.3%	39,8 ETP	-10.2%	44,3 ETP	-7.5%	47,9 ETP	+7.9%	44,4 ETP	-25.6%	59,7 ETP	+5.9%	56,4 ETP	+4.4%	54,0 ETP	+2.9%	52,5 ETP	-2.1%	53,6 ETP	-6.3%	57,2 ETP	+16.0%	49,3 ETP	+4.0%	47,4 ETP	-2.5%	48,6 ETP	+6.6%	45,6 ETP	+61.7%	28,2 ETP	-15.6%	33,4 ETP	+1.2%	33,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 39 ended

Active mandates

Briois SAS

Managing director · since 24 novembre 2023 · until 25 mai 2029

Represented by Briois Edouard

Active

Hannibal SAS

Managing director · since 24 novembre 2023 · until 25 mai 2029

Represented by Briois PIERRE-LUC

Active

Ended mandates

Alain Cabay

Director · since 21 juillet 2022 · until 24 novembre 2023

Ended

Alain Cabay

Director · since 21 juillet 2022 · until 26 mai 2028

Ended

Christelle Cabay

Director · since 21 juillet 2022 · until 31 décembre 2022

Ended

Jean-Marie Cabay

Managing director · since 21 juillet 2022 · until 24 novembre 2023

Ended

At this address

Other companies at this address

Company	CBE no.
JM CABAY● Active	0424.523.864

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full 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	16/07/2026	16/06/2025	07/08/2024	25/08/2023	19/08/2022	06/07/2021
General meeting	30/06/2026	30/05/2025	26/06/2024	21/08/2023	21/07/2022	28/05/2021
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

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	30/06/2026	16/07/2026	French	PDF
Full model	31/12/2024	30/05/2025	16/06/2025	French	PDF
Full model	31/12/2023	26/06/2024	07/08/2024	French	PDF
Full model	31/12/2022	21/08/2023	25/08/2023	French	PDF
Full model	31/12/2021	21/07/2022	19/08/2022	French	PDF
Full model	31/12/2020	28/05/2021	06/07/2021	French	PDF
Full model	31/12/2019	29/05/2020	16/06/2020	French	PDF
Full model	31/12/2018	20/06/2019	12/07/2019	French	PDF
Full model	31/12/2017	29/06/2018	16/07/2018	French	PDF
Full model	31/12/2016	25/08/2017	31/08/2017	French	PDF
Full model	31/12/2015	19/08/2016	23/08/2016	French	PDF
Full model	31/12/2014	29/05/2015	27/07/2015	French	PDF
Full model	31/12/2013	30/05/2014	28/08/2014	French	PDF
Full model	31/12/2012	27/08/2013	29/08/2013	French	PDF
Full model	31/12/2011	25/05/2012	02/08/2012	French	PDF
Full model	31/12/2010	31/08/2011	30/11/2011	French	PDF
Full model	31/12/2009	28/05/2010	23/07/2010	French	PDF
Full model	31/12/2008	30/06/2009	29/07/2009	French	PDF
Full model	31/12/2007	30/05/2008	11/06/2008	French	PDF
Full modelCorrection	31/12/2006	25/05/2007	11/10/2007	French	PDF
Full model	31/12/2006	25/05/2007	10/07/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

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 · 39 ended

Active mandates

Briois SAS

Managing director · since 24 novembre 2023 · until 25 mai 2029

Represented by Briois Edouard

Active

Hannibal SAS

Managing director · since 24 novembre 2023 · until 25 mai 2029

Represented by Briois PIERRE-LUC

Active

Ended mandates

Alain Cabay

Director · since 21 juillet 2022 · until 24 novembre 2023

Ended

Alain Cabay

Director · since 21 juillet 2022 · until 26 mai 2028

Ended

Christelle Cabay

Director · since 21 juillet 2022 · until 31 décembre 2022

Ended

Jean-Marie Cabay

Managing director · since 21 juillet 2022 · until 24 novembre 2023

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates24/06/2025
DEMISSIONS, NOMINATIONS
PDF
Other27/05/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates27/12/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates07/09/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates24/08/2021
DEMISSIONS, NOMINATIONS
PDF
Mandates29/07/2019
DEMISSIONS, NOMINATIONS
PDF
Capital / shares06/05/2019
CAPITAL, ACTIONS
PDF
Mandates27/07/2018
DEMISSIONS, NOMINATIONS
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 2025-3 M €↓
2024
Annual accounts 2024209,7 k €↓
2023
Annual accounts 20231,7 M €↑
2022
Annual accounts 2022-3,9 M €↓
2021
Annual accounts 20211,9 M €↑
2018
Annual accounts 2018-3 M €↓
2017
Annual accounts 2017-1,8 M €↓
2016
Annual accounts 2016-75 k €↑
2015
Annual accounts 2015-406,2 k €↑
2014
Annual accounts 2014-891,8 k €↓
2013
Annual accounts 2013360,4 k €↓
2012
Annual accounts 2012431,3 k €↑
2011
Annual accounts 201194,4 k €↓
2010
Annual accounts 2010230,1 k €↓
2009
Annual accounts 2009807,7 k €↑
2008
Annual accounts 2008109,6 k €↑
2007
Annual accounts 200775,7 k €↓
2006
Annual accounts 2006215,4 k €
29/07/1986
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

AGRAL

Overview

What does AGRAL do?

Trend over 18 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