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BELFOOD

Active
Private limited companyfounded 2019active for 7 yearsElsense Steenweg 23, 1050 Elsene, BelgiumKBO/BCE: BE 0734.403.628
Summary

The computed 12-month bankruptcy probability of BELFOOD is 5.7% (elevated). The 2024 annual accounts show equity of €130,069 and a net result of -€51,157. Equity has been growing by about 52% per year since 2020. Its solvency ranks better than 48% of 18,734 sector peers (NACE 56, financial year 2024). The company has been active since 2019 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Official details

Source: KBO
Status
Active since 12-09-2019 Normal situation
Activity
Limited-service restaurants, excluding mobile food services NACE 56112and 1 other
Establishment unit
2.297.938.017 1050 Elsene, since 12-09-2019
Financial year end
31 December
Peppol
Reachable since 16-02-2026

Board and ownership

Board
Shareholders
  • PASIFIC2025 annual accounts of PASIFIC
  • BC SCHAERBEEK· score 502025 annual accounts of BC SCHAERBEEK

Financial position

35 Weak Checked score 2024
Bankruptcy probabilitywithin 12 months
5.7%
Annual accounts 2024
Gross margin
€166,994
▼ 60.9%
Turnover
≈ €520,000
estimated
Loss
€51,157
Equity
€130,069
▼ 28.2%
Total assets
€479,761
▲ 8.1%
Employees on 31-12-2024
11
▼ 26.7%
  • 2025 accounts not filed, 94 days past the deadline
Filed on 30-09-2025
Score breakdownraises risk1 financial year not filed after the legal deadline; last filed accounts filed 61 days late; 1 of the last 3 accounts lateFigures for financial year 2024 (filed on 30-09-2025)Sector: Food and beverage service activities (NACE 56)Loss of €51,157 (financial year 2024)Show the evidence

Checked score

Score 2024
35 / 100
Weak
Probability in this band: 4.2% to 15.0%
Financially stronger than 27% of micro companies in food and beverage service (NACE 56)
Financial strength · tick: 2023
Weak
Solvency 52-14
equity 27.1% of total assets
Liquidity 26-16
short-term debt 61.7% · cash 6.4%
Profitability 5-87
return on assets -10.7%
Bankruptcy probability within 12 months
5.7% Elevated
0%0.5%1.5%4%10%≥ 25%

About 6 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 1.8% (23,778 companies, NACE 56, micro)
Last 24 months 12-2024: 1.3% 01-2025: 1.3%● unchanged vs 12-2024lowest value 02-2025: 1.3%● unchanged vs 01-2025 03-2025: 1.3%● unchanged vs 02-2025 04-2025: 1.4%▲ +0.1 percentage points vs 03-2025 05-2025: 1.5%▲ +0.1 percentage points vs 04-2025 06-2025: 1.5%● unchanged vs 05-2025 07-2025: 1.7%▲ +0.2 percentage points vs 06-2025 08-2025: 2.2%▲ +0.5 percentage points vs 07-2025 09-2025: 2.2%● unchanged vs 08-2025 10-2025: 4.2%▲ +2.0 percentage points vs 09-2025 11-2025: 4.2%● unchanged vs 10-2025 12-2025: 3.5%▼ -0.7 percentage points vs 11-2025 01-2026: 3.4%▼ -0.1 percentage points vs 12-2025 02-2026: 3.4%● unchanged vs 01-2026 03-2026: 3.4%● unchanged vs 02-2026 04-2026: 3.5%▲ +0.1 percentage points vs 03-2026 05-2026: 3.5%● unchanged vs 04-2026 06-2026: 3.4%▼ -0.1 percentage points vs 05-2026 07-2026: 3.4%● unchanged vs 06-2026 08-2026: 4.1%▲ +0.7 percentage points vs 07-2026 09-2026: 4.2%▲ +0.1 percentage points vs 08-2026 10-2026: 5.7%▲ +1.5 percentage points vs 09-2026highest value 11-2026: 5.7%● unchanged vs 10-2026highest value
Credit of up to €4,500 on 30-day terms, only on tighter conditions: elevated estimated bankruptcy probability calls for adjusted credit terms
Liquidity is tight, with a current ratio of 1.1 (1.29 in 2023), below the usual 1.5. Short-term debt is 61.7% and cash 6.4% of total assets. 72.9% 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 56, micro). It does better than 48% of them on solvency, 21% on liquidity, 19% on profitability and 21% 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.
raises riskneutral
raises risk · 1 financial year not filed after the legal deadline; last filed accounts filed 61 days late; 1 of the last 3 accounts late
NBB · filings
raises risk · Figures for financial year 2024 (filed on 30-09-2025)
NBB · annual accounts
raises risk · Sector: Food and beverage service activities (NACE 56)
KBO
raises risk · Loss of €51,157 (financial year 2024)
NBB · annual accounts
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 94 days later.
NBB · 5 filings
Position against the passed deadline
31-12-2025 year end31-07-2026 deadline02-11-2026 today
neutral · A punctual record breaks
This company filed 4 consecutive financial years on time. The year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 days late. Weigh it accordingly: of the companies that move to filing 1 to 90 days late, 1.41% are now bankrupt, dissolved or in another special legal status, below the 1.66% of all filers. It is a change in behaviour, not evidence of elevated risk.
NBB · 5 filings
Deviation from the deadline
2025
not filed
2024
61 days late
2023
on the day
2022
7 days early
2021
4 days early
2020
37 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 5 accounts on average 3 days after the deadline. In the sector (NACE 56), the median for financial year 2024 was 7 days after the deadline, and 53% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Caution: From profit to loss in 2024after a profit of €81,816 in 2023 -€51,157 View
  • Caution: Lower net result than 95% of companies in food and beverage servicesector median €5,439 · 18,720 companies -€51,157 View

Recent changes

  1. · Gazette deed Resignation: KAYNAK Sevgi (director)
  2. · Gazette deed Resignation: YIGIT Orhan (director)Appointments: SADIOGLU Abdullah (director) and KAYNAK Sevgi Gaffure (director)
  3. · Gazette deed Capital & shares
All 14 events

Comparable companies

These companies have the same main activity as BELFOOD: limited-service restaurants, excluding mobile food services (NACE 56112). They are comparable in size and age: total assets between €453,000 and €512,000, founded between 2018 and 2020.

CompanyTotal assetsGross margin
BELFOOD Elsene€479,761€166,994
TABULA RASA Sint-Gillis (bij-Brussel)€452,665€156,926
@DEMEURE Zaventem€493,196€152,934
GALAN FOOD & BEVERAGE Waremme€502,730€177,205
LEOpancakes Leuven€512,362€183,437
DE FRIETMAN Herzele€482,058€177,821
MIEKE BRUYNOOGHE Ieper€486,982€165,955
Full comparison

Key facts about BELFOOD

What is the company number of BELFOOD?
The company number of BELFOOD is 0734.403.628. The VAT number is the same number with BE in front: BE 0734.403.628.
Where is BELFOOD based?
The registered office is at Elsense Steenweg 23, 1050 Elsene.Company details
What does BELFOOD do?
According to the KBO register, the main activity is limited-service restaurants, excluding mobile food services (NACE 56112).
What is the legal form of BELFOOD?
The legal form of BELFOOD is Private limited company (BV).
When was BELFOOD founded?
BELFOOD was founded on 12-09-2019.
Is BELFOOD still active?
Yes, BELFOOD is an active enterprise in the KBO register.
How many employees does BELFOOD have?
BELFOOD had an average of 5.4 full-time equivalents in financial year 2024, according to the filed annual accounts.Financials
What is the turnover of BELFOOD?
The turnover in financial year 2024 is ≈ €520,000. This figure is estimated from the gross margin of €166,994 and 83 comparable companies (NACE 56112). It probably lies between €380,000 and €630,000.
Is BELFOOD profitable?
In financial year 2024, BELFOOD made a loss of €51,157.
Where can I find the annual accounts of BELFOOD?
BELFOOD filed 5 annual accounts with the National Bank of Belgium, the latest for financial year 2024.

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