Financials
- Financial year
- 2025
- Turnover
- €24.3m
- Loss
- -€2.5m
- Solvency
- 30.9%
Turnover▲ 4.7%
Net result
20182025
BELGOCATERING
ActiveSummary
The annual accounts of BELGOCATERING for financial year 2025 show a net loss of 64% of the equity at the start of that year. The 2025 annual accounts show equity of €3.4m and a net result of -€2.5m. Equity is growing by about 14% per year across the filed financial years. Its solvency ranks better than 50% of 924 sector peers (NACE 56, financial year 2025). The company has been active since 1997 and the Belgian Official Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 1.3% (low).
Overview
Activity
Event catering
NACE 56210
3rd largest employer in the Brussels-Capital Region, Food and beverage service sector32 sites
Size
€24.3mturnover 2025
- Staff
- 185.7 FTE
- Equity
- €3.4m
- Loss
- -€2.5m
Structure
- Parent
- CIR FOOD SC
- Holdings
- 2
- Frank MallensDirector
- Jonas RingootManaging director
- Chiara NasiDirector
Auditor: GRANT THORNTON BEDRIJFSREVISOREN - REVISEURS D'ENTREPRISESAccounts 24 days early7 of 38 deeds read
Why 54raises riskCapped at 59: a net loss of at least half of total assets or of the equity at the start of the financial yearLoss of €2.5m, the second in a row (financial year 2025)Sector: Food and beverage service activities (NACE 56)1 of the last 3 latelowers riskFounded in 1997Show the evidence
Checked score
Score 2025
54
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 30% of its sector peers (NACE 56, medium-sized)
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59. Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Weak
Solvency
56-5
equity 30.9% of total assets
Liquidity
25-3
short-term debt 67.6% · cash 8.7%
Profitability
0-1
return on assets -22.9%
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 0.9%
12-2024: 0.9%● unchanged vs 11-2024
01-2025: 0.9%● unchanged vs 12-2024
02-2025: 0.8%▼ -0.1 percentage points vs 01-2025lowest value
03-2025: 0.8%● unchanged vs 02-2025lowest value
04-2025: 0.9%▲ +0.1 percentage points vs 03-2025
05-2025: 0.9%● unchanged vs 04-2025
06-2025: 0.9%● unchanged vs 05-2025
07-2025: 1.1%▲ +0.2 percentage points vs 06-2025
08-2025: 1.4%▲ +0.3 percentage points vs 07-2025
09-2025: 1.5%▲ +0.1 percentage points vs 08-2025highest value
10-2025: 1.5%● unchanged vs 09-2025
11-2025: 1.5%● unchanged vs 10-2025
12-2025: 1.5%● unchanged vs 11-2025
01-2026: 1.5%● unchanged vs 12-2025
02-2026: 1.4%▼ -0.1 percentage points vs 01-2026
03-2026: 1.3%▼ -0.1 percentage points vs 02-2026
04-2026: 1.3%● unchanged vs 03-2026
05-2026: 1.4%▲ +0.1 percentage points vs 04-2026
06-2026: 1.4%● unchanged vs 05-2026
07-2026: 1.4%● unchanged vs 06-2026
08-2026: 1.3%▼ -0.1 percentage points vs 07-2026
09-2026: 1.3%● unchanged vs 08-2026
10-2026: 1.3%● unchanged vs 09-2026
Credit of up to €180,000 on 30-day terms, only on tighter conditions
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity insufficient (current ratio 0.99, compared with 1.07 in 2024, below 1; short-term debt: 67.6% and cash: 8.7% of total assets), and 69.1% of the assets are financed with debt and provisions.
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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, medium-sized): better than 58% on solvency, 17% on liquidity, 4% on profitability and 43% on growth.
The bankruptcy probability was computed on 14-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
Credit check for your own amount and term
Show the recommended maximum and see how the verdict changes with amount, term and advance.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€2.5m
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 07-07-2026, 24 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
24 days early
2024
54 days late
2023
33 days early
2022
3 days early
2021
5 days early
2020
5 days late
2019
14 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 3 days before the deadline; the sector median (NACE 56) for financial year 2024 is 6 days after the deadline, and 53% 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 26 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsWhere today falls in the filing period
15-10-2026 today31-12-2026 year end31-07-2027 deadline
- Annual accounts filedfinancial year 2025 · full…
- Resignation: Stefano Teatini (managing director)Appointment: Jonas Ringoot (managing director)
- Resignation: Stefano Teatini (director and managing…Appointments: Jonas Ringoot (director) and…
Key points
- Risk: 8 loss-making years in a rowloss financial year 2025 -€2.5m View
- Caution: Among the weakest 5% on net resultsector median €10,123 · 925 companies -€2.5m View
- Board changedlatest change 11-06-2026 · 3 in office 2 joined · 1 left View
- Controlled by CIR FOOD SCthe company in turn controls 2 companies parent View
By topic
Board & ownership
- Board
- 3 members
- Parent
- CIR FOOD SC
- Auditor
- GRANT THORNTON BEDRIJFSREVISOREN -…
- Frank MallensDirector
- Jonas RingootManaging director
- Chiara NasiDirector
Network & group
- Subsidiaries
- 2
2 subsidiaries
Timeline
- Events
- 37
- Since
- 1999
- Next accounts
- by 31-07-2027
- 07-04-2026Capital & shares
- 18-02-2026Resignations & appointments
- 23-09-2025Annual accounts filed
Company details
- Sites
- 32
- Legal form
- Public limited company
- Activity
- Event cateringNACE 56210
- Founded
- 29-10-1997
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
Articles of association
- Provisions read
- 1
See the provisions in the deeds
Go to Articles of associationGo further with this company
How much credit can you give this customer, and on what payment terms?Credit check What should you check before you do business with this company?Supplier due diligence Is the workforce growing, and do people stay?Employer check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark
Your own company? See how customers, suppliers and banks see it and what to improve first.
Investigating this company? Keep it with today's facts in a case file.