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ADW Food

Active
Public limited companyfounded 2021active for 5 yearsKorte Bergstraat 1, 9230 Wetteren, BelgiumKBO/BCE: BE 0775.407.904
Summary

ADW Food has been active since 2021 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €936,283 and a net result of €317,462. Equity has been shrinking by about 2.8% per year since 2022. Its solvency ranks better than 33% of 5,039 sector peers (NACE 47, financial year 2025). The computed 12-month bankruptcy probability is 0.6% (low).

Overview

Official details

Source: KBO
Status
Active since 06-10-2021 Normal situation
Activity
Non-specialised retail sale with food, beverages or tobacco predominating NACE 47110
Joint committees
202.01 Paritair Subcomité voor de middelgrote levensmiddelenbedrijven
119 Paritair Comité voor de handel in voedingswaren · annual accounts 2025
Establishment unit
2.323.404.376 9230 Wetteren, since 06-10-2021
Financial year end
31 December
Peppol
Reachable since 10-10-2025

Board and ownership

Board
  • MISEREZ OLIVIERDirector · since 05-10-2021
  • MISEREZ PHILIPDirector · since 05-10-2021
  • MISEREZ VALERIEDirector · since 05-10-2021
and 2 others
Shareholders
  • OMIVAannual accounts 2025
  • CAROLINE DE L'AUVREannual accounts 2025
  • JOREN VAN DE SOMPELannual accounts 2025
and 3 other shareholders

Financial position

82 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.6%
Annual accounts 2025
Turnover
€15.2m
▲ 5.2%
Profit
€317,462
Equity
€936,283
▲ 51.3%
Total assets
€4.3m
▼ 17.9%
Employees on 31-12-2025
27
▲ 3.8%
  • 2025 accounts filed 26 days after the deadline
Score breakdownraises riskFounded in 2021Equity €936,283 (21.6% of total assets)lowers riskProfit of €317,462 (financial year 2025)Figures for financial year 2025 (filed on 27-08-2026)Show the evidence

Checked score

Score 2025
82 / 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 58% of small companies in retail trade (NACE 47)
Financial strength · tick: 2024
Strong
Solvency 47+10
equity 21.6% of total assets
Liquidity 51+4
short-term debt 22.0% · cash 6.7%
Profitability 67+11
return on assets 7.3%
Bankruptcy probability within 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%

About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.4% (3,696 companies, NACE 47, small)
Last 24 months 12-2024: 2.5% 01-2025: 2.5%● unchanged vs 12-2024 02-2025: 2.5%● unchanged vs 01-2025 03-2025: 2.4%▼ -0.1 percentage points vs 02-2025 04-2025: 2.4%● unchanged vs 03-2025 05-2025: 2.4%● unchanged vs 04-2025 06-2025: 2.3%▼ -0.1 percentage points vs 05-2025 07-2025: 2.4%▲ +0.1 percentage points vs 06-2025 08-2025: 3.1%▲ +0.7 percentage points vs 07-2025highest value 09-2025: 1.9%▼ -1.2 percentage points vs 08-2025 10-2025: 1.9%● unchanged vs 09-2025 11-2025: 1.9%● unchanged vs 10-2025 12-2025: 1.9%● unchanged vs 11-2025 01-2026: 1.9%● unchanged vs 12-2025 02-2026: 1.9%● unchanged vs 01-2026 03-2026: 2.0%▲ +0.1 percentage points vs 02-2026 04-2026: 2.0%● unchanged vs 03-2026 05-2026: 2.0%● unchanged vs 04-2026 06-2026: 2.0%● unchanged vs 05-2026 07-2026: 2.1%▲ +0.1 percentage points vs 06-2026 08-2026: 2.5%▲ +0.4 percentage points vs 07-2026 09-2026: 0.6%▼ -1.9 percentage points vs 08-2026lowest value 10-2026: 0.6%● unchanged vs 09-2026lowest value 11-2026: 0.6%● unchanged vs 10-2026lowest value
Credit of up to €75,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.61 (2.63 in 2024), above the usual 1.5. Short-term debt is 22% and cash 6.7% of total assets. However, 78.4% of the assets are financed with debt and provisions.
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 47, small). It does better than 38% of them on solvency, 65% on liquidity, 50% on profitability and 79% on growth.

The bankruptcy probability was computed on 01-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Six signals.
lowers riskraises risk
raises risk · Founded in 2021
Companies of this age fail more often than older ones. How much that weighs depends on the rest of the company's profile.
KBO
lowers risk · Profit of €317,462 (financial year 2025)
NBB · annual accounts
lowers risk · Figures for financial year 2025 (filed on 27-08-2026)
NBB · annual accounts
raises risk · Equity €936,283 (21.6% of total assets)
NBB · annual accounts
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025
Equity per financial year
22232425
2022 to 2025 · latest year €936,283
raises risk · 2025 accounts filed 26 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-08-2026, 26 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 4 filings
Deviation from the deadline
2025
26 days late
2024
28 days late
2023
29 days late
2022
88 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 4 accounts on average 43 days after the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 29 August (3 of the last 4 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
02-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Positive: Back in profit in 2025after a loss of €11,582 in 2024 €317,462 View
  • Positive: 8th largest employer in Wetteren, Wholesale and retail trade sectorin the Checked rankings No. 8 View

Recent changes

  1. · Gazette deed Resignation: JACQUES STEYAERT (statutory auditor)Permanent representatives: Jacques Steyaert and Frank Huybrechts · Appointment: VCLJ BEDRIJFSREVISOREN (statutory auditor)
  2. · Gazette deed Appointment: BV JACQUES STEYAERT (statutory auditor)Permanent representative: Jacques STEYAERT
  3. · Gazette deed Incorporation
All 10 events

Comparable companies

These companies have the same main activity as ADW Food: non-specialised retail sale with food, beverages or tobacco predominating (NACE 47110). They are comparable in size and age: total assets between €3.8m and €5.2m, founded between 2020 and 2023.

CompanyTotal assetsTurnover
ADW Food Wetteren€4.3m€15.2m
GEMBLOUXIM Gembloux€4.3m€14.3m
BLAUW WILLEBROEK Willebroek€4.5m€22.0m
LAMBUSIM Fleurus€3.8m€11.7m
Venfresh Oostakker Stabroek€5.2m€22.2m
WINDMILL Namur€4.4m€12.7m
DELABIM Chapelle-lez-Herlaimont€3.8m€14.5m
Full comparison

Key facts about ADW Food

What is the company number of ADW Food?
The company number of ADW Food is 0775.407.904. The VAT number is the same number with BE in front: BE 0775.407.904.
Where is ADW Food based?
The registered office is at Korte Bergstraat 1, 9230 Wetteren.Company details
What does ADW Food do?
According to the KBO register, the main activity is non-specialised retail sale with food, beverages or tobacco predominating (NACE 47110).
What is the legal form of ADW Food?
The legal form of ADW Food is Public limited company (NV).
When was ADW Food founded?
ADW Food was founded on 06-10-2021.
Is ADW Food still active?
Yes, ADW Food is an active enterprise in the KBO register.
How many employees does ADW Food have?
ADW Food had an average of 25.6 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
Which joint committee does ADW Food fall under?
In its 2025 annual accounts, ADW Food states joint committees 202.01 (Paritair Subcomité voor de middelgrote levensmiddelenbedrijven) and 119 (Paritair Comité voor de handel in voedingswaren).
What is the turnover of ADW Food?
The turnover of ADW Food was €15.2m in financial year 2025, according to the filed annual accounts.
Is ADW Food profitable?
In financial year 2025, ADW Food made a profit of €317,462.
Where can I find the annual accounts of ADW Food?
ADW Food filed 4 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of ADW Food due?
ADW Food must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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