C-FISH
ActiveSummary
The computed 12-month bankruptcy probability of C-FISH is 1.6% (moderate). The 2025 annual accounts show equity of €223,345 and a net result of €8,674. Equity is growing by ~4.7% per year across the filed fiscal years. Its solvency ranks better than 83% of 13560 sector peers (fiscal year 2025). The company has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability65▼-4
Solvency94▲+9
Growth52=
Track record100
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €17,000 at 30 days acceptable
Liquidity ample (current ratio 4.14 against 2.39 in 2024; short-term debt: 10.4% and cash: 41.3% of total assets), and 30.7% of the assets are financed with debt.
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Signals
Five 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 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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
69.3%
Return on assets
2.7%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 28-04-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 d early
2024
12 d early
2023
4 d early
2022
3 d early
2021
16 d early
2020
21 d early
2019
2 d 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 9 days before the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 52% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€223,345▲ 4.0%
2024 · €214,670
Total assets
€322,085▼ 9.5%
2024 · €355,976
Net result
€8,674▲ 28,165%
2024 · €31
Working capital
€105,744▲ 18.9%
2024 · €88,927
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€53,082▲ 19.1%€17,725▼ 66.6%€12,725▼ 28.2%€6,794▼ 46.6%€18,944▲ 179%
Net result€38,989▲ 41.7%€9,050▼ 76.8%€4,037▼ 55.4%€31▼ 99.2%€8,674▲ 28,165%
Equity€201,553▲ 10.4%€210,602▲ 4.5%€214,640▲ 1.9%€214,670=€223,345▲ 4.0%
Total assets€486,317▼ 8.4%€459,770▼ 5.5%€444,817▼ 3.3%€355,976▼ 20.0%€322,085▼ 9.5%
Debt€284,764▼ 18.3%€249,168▼ 12.5%€230,177▼ 7.6%€141,306▼ 38.6%€98,741▼ 30.1%
Working capital-€14,201▲ 82.6%€31,459€64,321▲ 104%€88,927▲ 38.3%€105,744▲ 18.9%
Staff (FTE)0.30.4▲ 33.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 179% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €322,085
Fixed assets
€182,699 ▼ 9.9%
Current assets
€139,386 ▼ 9.0%
Equity and liabilities €322,085
Equity
€223,345 ▲ 4.0%
Debt
€98,741 ▼ 30.1%
Debt's share of the balance-sheet total falls from 39.7% to 30.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€46,979▲
2024 · €42,842
Cash flow
€36,709▲
2024 · €36,079
Current ratio
4.14▲
2024 · 2.39
Quick ratio
4.03▲
2024 · 2.33
Debt to equity
0.44▼
2024 · 0.66
ROE
3.9%▲
2024 · 0.0%
ROA
2.7%▲
2024 · 0.0%
Interest coverage
5.19▼
2024 · 6.46
Debt ≤ 1 year
€33,643▼
2024 · €64,205
Debt > 1 year
€65,098▼
2024 · €77,100
Income taxes
€2,445▲
2024 · €308
Staff costs
€13,047▲
2024 · €6,688
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 10,891 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
0.6%
went bankrupt
4.0%
stopped otherwise
95%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 1.6% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 10,891 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €12,746 | €9,146 | €6,836 | €6,688 | €13,047 | ▲ 95.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €71,525 | €72,507 | €47,766 | €36,048 | €28,035 | ▼ 22.2% |
| Other operating charges640/8 | €1,964 | €2,842 | €3,515 | €8,283 | €6,670 | ▼ 19.5% |
| Gross operating margin9900 | €139,317 | €102,219 | €70,842 | €57,813 | €66,696 | ▲ 15.4% |
| Operating profit (loss)9901 | €53,082 | €17,725 | €12,725 | €6,794 | €18,944 | ▲ 179% |
| Financial income75/76B | €265 | €496 | €25 | €176 | €1,220 | ▲ 594% |
| Recurring financial income75 | €265 | €496 | €25 | €176 | €1,220 | ▲ 594% |
| Financial charges65/66B | €7,018 | €8,307 | €7,624 | €6,632 | €9,045 | ▲ 36.4% |
| Recurring financial charges65 | €7,018 | €8,307 | €7,624 | €6,632 | €9,045 | ▲ 36.4% |
| Profit (loss) for the period before taxes9903 | €46,330 | €9,913 | €5,125 | €338 | €11,119 | ▲ 3,187% |
| Income taxes67/77 | €7,341 | €864 | €1,088 | €308 | €2,445 | ▲ 695% |
| Profit (loss) for the period9904 | €38,989 | €9,050 | €4,037 | €31 | €8,674 | ▲ 28,165% |
| Profit (loss) for the period to be appropriated9905 | €38,989 | €9,050 | €4,037 | €31 | €8,674 | ▲ 28,165% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €486,317 | €459,770 | €444,817 | €355,976 | €322,085 | ▼ 9.5% |
| Fixed assets21/28 | €325,737 | €278,657 | €238,891 | €202,843 | €182,699 | ▼ 9.9% |
| Tangible fixed assets22/27 | €325,312 | €278,232 | €238,466 | €202,418 | €182,274 | ▼ 10.0% |
| Land and buildings22 | €186,402 | €177,092 | €167,781 | €158,471 | €149,160 | ▼ 5.9% |
| Plant, machinery and equipment23 | €130,398 | €79,393 | €54,342 | €32,735 | €26,583 | ▼ 18.8% |
| Furniture and vehicles24 | €8,512 | €21,747 | €16,343 | €11,212 | €6,531 | ▼ 41.7% |
| Financial fixed assets28 | €425 | €425 | €425 | €425 | €425 | = |
| Current assets29/58 | €160,580 | €181,113 | €205,926 | €153,133 | €139,386 | ▼ 9.0% |
| Stocks and contracts in progress3 | €2,916 | €2,854 | €2,968 | €3,572 | €3,815 | ▲ 6.8% |
| Stocks30/36 | €2,916 | €2,854 | €2,968 | €3,572 | €3,815 | ▲ 6.8% |
| Amounts receivable within one year40/41 | €3,193 | €6,300 | €7,876 | €4,369 | €2,395 | ▼ 45.2% |
| Trade receivables40 | €1,966 | €882 | €2,967 | €693 | €668 | ▼ 3.6% |
| Other amounts receivable41 | €1,228 | €5,419 | €4,909 | €3,676 | €1,727 | ▼ 53.0% |
| Cash at bank and in hand54/58 | €152,971 | €170,459 | €193,582 | €143,692 | €133,176 | ▼ 7.3% |
| Deferred charges and accrued income490/1 | €1,500 | €1,500 | €1,500 | €1,500 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €486,317 | €459,770 | €444,817 | €355,976 | €322,085 | ▼ 9.5% |
| Equity10/15 | €201,553 | €210,602 | €214,640 | €214,670 | €223,345 | ▲ 4.0% |
| Contributions10/11 | €160,000 | €160,000 | €160,000 | €160,000 | €160,000 | = |
| Reserves13 | €36,503 | €36,503 | €36,503 | €36,503 | €36,503 | = |
| Distributable reserves133 | €36,503 | €36,503 | €36,503 | €36,503 | €36,503 | = |
| Profit (loss) carried forward14 | €5,050 | €14,100 | €18,137 | €18,168 | €26,842 | ▲ 47.7% |
| Amounts payable17/49 | €284,764 | €249,168 | €230,177 | €141,306 | €98,741 | ▼ 30.1% |
| Amounts payable after more than one year17 | €109,983 | €99,513 | €88,573 | €77,100 | €65,098 | ▼ 15.6% |
| Financial debts170/4 | €109,983 | €99,513 | €88,573 | €77,100 | €65,098 | ▼ 15.6% |
| Amounts payable within one year42/48 | €174,781 | €149,655 | €141,605 | €64,205 | €33,643 | ▼ 47.6% |
| Current portion of amounts payable after more than one year42 | €10,004 | €10,470 | €10,941 | €11,473 | €12,002 | ▲ 4.6% |
| Financial debts43 | €122,517 | €112,745 | €112,745 | €32,000 | - | - |
| Credit institutions430/8 | €122,517 | €112,745 | €112,745 | €32,000 | - | - |
| Trade debts44 | €9,421 | €20,285 | €12,028 | €17,282 | €14,820 | ▼ 14.2% |
| Suppliers440/4 | €9,421 | €20,285 | €12,028 | €17,282 | €14,820 | ▼ 14.2% |
| Taxes, remuneration and social security45 | €9,348 | €4,073 | €2,969 | €555 | €5,066 | ▲ 813% |
| Taxes450/3 | €7,610 | €1,837 | €1,088 | €289 | €2,027 | ▲ 602% |
| Remuneration and social security454/9 | €1,739 | €2,236 | €1,881 | €266 | €3,040 | ▲ 1,042% |
| Other amounts payable47/48 | €23,491 | €2,082 | €2,922 | €2,895 | €1,755 | ▼ 39.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €38,989 | €9,050 | €4,037 | €31 | €8,674 | ▲ 28,165% |
| + Depreciation and write-downs630 | €71,525 | €72,507 | €47,766 | €36,048 | €28,035 | ▼ 22.2% |
| Operating cash flow (approximation) | €110,514 | €81,556 | €51,803 | €36,079 | €36,709 | ▲ 1.7% |
| Investment in fixed assets (approximation) | - | -€25,427 | -€8,000 | €0 | -€7,891 | - |
| Change in cash | - | €17,488 | €23,123 | -€49,890 | -€10,515 | ▲ 78.9% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
18-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Weakest financial yearnet €31 ▼99.2%
Net result drops to €31, the lowest in the series; recovery starts the following year.
26-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
27-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
14-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Highest result since 2018net €38,989 ▲41.7%
Operating result €53,082, net result €38,989, both a record.
30-09
Financial
Equity above €200,000Eq €201,553 ▲10.4%
4 profitable years in a row build equity to €201,553.
09-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
28-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
29-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
27-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
11-04
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 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, Veurne · 2 establishment units since 2009
Ground area
358 m²
Building footprint
313 m²
Volume, LiDAR
2,504 m³
2 parcels, Flanders · tallest building 14.3 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
2 establishment units
C-FISH
since 20092.176.986.935
Pot O Foer
since 20122.214.534.546
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 38025A0554/00E000 | Flanders | 214 m² | 1 · 176 m² | 13.9 m · 3 fl. |
| 38025A0553/00C000 | Flanders | 144 m² | 1 · 137 m² | 14.3 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
2 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 72 EUR awarded · 72 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 72 EUR | 72 EUR |
Recognitions · licences · registrations
Food safety, FASFC
1 siteVeurne2.176.986.935
Legal Entity Identifier
967600OYJJB5EHNKYL96
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Of 7,501 companies in sector 56210 we hold annual accounts for 2,448. 1,711 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded16-03-2009
Fiscal year end30-09
Activities, NACEBEL 2025
56210Event catering
47230Retail trade
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0810448559
Also
9925:BE0810448559
Registered
29-09-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.