BELFEED
ActiveBELFEED has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.38M and a net result of €1.28M. Equity is growing by ~4.1% per year across the filed fiscal years. Its solvency ranks better than 60% of 641 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
85
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+1
Solvency71▲+9
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €200k at 30 days acceptable
Liquidity ample (current ratio 2.63 against 2.39 in 2024; short-term debt: 37.5% and cash: 70.9% of total assets), but 53.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 10
Relative position
BE, all sectors
reference
Sector 10
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
46.1%
Return on assets
24.7%
Age of the figures
9 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 08-07-2026, 23 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
23 d early
2024
24 d early
2023
12 d early
2022
20 d early
2021
33 d early
2020
54 d early
2019
53 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€1.28M▲ 40.6%
2024 · €908k
2018: €535k
2019: €83k
2020: €-762k
2021: €578k
2022: €231k
2023: €591k
2024: €908k
2018 → 2025
Working capital
€3.16M▲ 49.2%
2024 · €2.12M
2018: €1.36M
2019: €872k
2020: €1.17M
2021: €1.71M
2022: €2.06M
2023: €1.62M
2024: €2.12M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.26M-€1.49M▲ 18.4%€903k▼ 39.3%€1.37M▲ 51.3%€2.38M▲ 74.0%
Operating result€759k-€305k▼ 59.8%€727k▲ 139%€1.08M▲ 48.9%€1.62M▲ 50.0%
Net result€578k-€231k▼ 60.0%€591k▲ 156%€908k▲ 53.8%€1.28M▲ 40.6%
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 50% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5.16M
Fixed assets
€69k▼ 32.0%
Current assets
€5.09M▲ 39.9%
Equity and liabilities €5.16M
Equity
€2.38M▲ 74.0%
Provisions
€845k=
Debt
€1.94M▲ 26.7%
The debt ratio falls from 40.9% to 37.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€1.67M▲
2024 · €1.14M
Cash flow
€1.32M▲
2024 · €965k
Solvency
46.1%▲
2024 · 36.5%
Current ratio
2.63▲
2024 · 2.39
Quick ratio
2.63▲
2024 · 2.39
Debt / equity
0.82▼
2024 · 1.12
ROE
53.7%▼
2024 · 66.5%
ROA
24.7%▲
2024 · 24.3%
Interest coverage
504.25▼
2024 · 2443.76
Debt
€1.94M▲
2024 · €1.53M
Debt ≤ 1 year
€1.93M▲
2024 · €1.52M
Income taxes
€427k▲
2024 · €285k
Staff costs
€419k▲
2024 · €371k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€3.74M€5.16M▲
Fixed assets21/28€101k€69k▼
Intangible fixed assets21€101k€69k▼
Current assets29/58€3.64M€5.09M▲
Stocks and contracts in progress3€4k-
Stocks30/36€4k-
Amounts receivable within one year40/41€923k€1.42M▲
Trade receivables40€823k€1.42M▲
Other amounts receivable41€100k-
Cash at bank and in hand54/58€2.71M€3.66M▲
Deferred charges and accrued income490/1€387€11k▲
Equity and liabilities
Total equity and liabilities10/49€3.74M€5.16M▲
Equity10/15€1.37M€2.38M▲
Contributions10/11€821k€821k=
Capital10€821k€821k=
Issued capital100€821k€821k=
Reserves13€545k€1.56M▲
Non-distributable reserves130/1€82k€82k=
Legal reserve130€82k€82k=
Tax-exempt reserves132€463k€968k▲
Distributable reserves133-€505k
Profit (loss) carried forward14€0€0=
Provisions and deferred taxes16€845k€845k=
Provisions for liabilities and charges160/5€845k€845k=
Other liabilities and charges164/5€845k€845k=
Amounts payable17/49€1.53M€1.94M▲
Amounts payable within one year42/48€1.52M€1.93M▲
Trade debts44€875k€1.30M▲
Suppliers440/4€875k€1.30M▲
Taxes, remuneration and social security45€203k€248k▲
Taxes450/3€49k€152k▲
Remuneration and social security454/9€154k€97k▼
Other amounts payable47/48€446k€387k▼
Accrued charges and deferred income492/3€6k€3k▼
Income statement
Code20242025
Remuneration, social security and pensions62€371k€419k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€57k€43k▼
Other operating charges640/8€2k€1k▼
Gross operating margin9900€1.51M€2.09M▲
Operating profit (loss)9901€1.08M€1.62M▲
Financial income75/76B€110k€82k▼
Recurring financial income75€110k€82k▼
Financial charges65/66B€466€3k▲
Recurring financial charges65€466€3k▲
Profit (loss) for the period before taxes9903€1.19M€1.70M▲
Income taxes67/77€285k€427k▲
Profit (loss) for the period9904€908k€1.28M▲
Transfer to tax-exempt reserves689€463k€505k▲
Profit (loss) for the period to be appropriated9905€445k€772k▲
Appropriation of the result
Profit (loss) to be appropriated9906€445k€772k▲
Transfer to equity691/2-€505k
To other reserves6921-€505k
Profit to be distributed694/7€445k€267k▼
Return on contributions (dividend)694€445k€267k▼
Social balance
Average headcount (FTE)90873.03.6▲
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
08-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Highest result since 2018net €1.28M ▲40.6%
Operating result €1.62M, net result €1.28M, both a record.
31-12
Financial
Equity above €2MEq €2.38M ▲74%
5 profitable years in a row build equity to €2.38M.
07-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Equity above €1MEq €1.37M ▲51.3%
4 profitable years in a row build equity to €1.37M.
19-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
11-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
28-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €578k
Net result €578k after one loss-making year.
31-12
Financial
Equity above €1MEq €1.26M ▲85.2%
Equity rises from €678k to €1.26M.
07-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet €-762k ▼1013%
Net result drops to €-762k, the lowest in the series; recovery starts the following year.
08-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
30-09
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 61 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Dilbeek · 1 establishment unit since 2018
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Industrialaan 251702 DilbeekGround area
13.5 ha
Building footprint
2,245 m²
2 parcels, Flanders, Wallonia. Linked by address, not a title deed.
1 establishment unit
BELFEED
since 20182.277.263.555
2 parcels
Flanders
1
(50%)
Wallonia
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23026A0001/00H000 | Flanders | 7.0 ha | 1 · 1,142 m² | - |
| 92411E0080/00K002 | Wallonia | 6.5 ha | 1 · 1,103 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteAndenne2.277.263.555
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Of 182 companies in sector 10910 we hold annual accounts for 149. 112 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded02-07-2018
Fiscal year end31-12
Activities, NACEBEL
10910Manufacture of food products
46389Wholesale of other food products
46212Wholesale trade
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.