CAFFENATION
ActiveSummary
CAFFENATION has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €358,330 and a net result of €75,286. Equity is growing by ~17.5% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability79▲+8
Solvency64▼-6
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €23,000 at 30 days acceptable
Liquidity ample (current ratio 2.0 against 1.51 in 2023; short-term debt: 31.9% and cash: 7% of total assets), but 61.3% of the assets are financed with debt.
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Signals
Four 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
Manufacture of food products (NACE 10)
about 60% 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
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 15-06-2026, 46 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
46 d early
2024
29 d early
2023
48 d early
2022
38 d early
2021
46 d early
2020
31 d early
2019
34 d late
← 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 29 days before the deadline; the sector median for financial year 2024 is 5 days before the deadline, and 38% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 15 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2024, abbreviated schema
Equity
€358,330▲ 26.6%
2023 · €283,045
Total assets
€926,055▲ 45.9%
2023 · €634,826
Net result
€75,286▲ 721%
2023 · €9,167
Working capital
€294,777▲ 192%
2023 · €101,009
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 10, Manufacture of food products, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€60,416▲ 763%€121,439▲ 101%€61,955▼ 49.0%€27,247▼ 56.0%€129,259▲ 374%
Net result€40,556within the sector's middle half▲ 3,499%€85,513within the sector's middle half▲ 111%€39,560within the sector's middle half▼ 53.7%€9,167within the sector's middle half▼ 76.8%€75,286within the sector's middle half▲ 721%
Equity€153,103within the sector's middle half▲ 36.0%€238,616within the sector's middle half▲ 55.9%€278,176within the sector's middle half▲ 16.6%€283,045within the sector's middle half▲ 1.8%€358,330within the sector's middle half▲ 26.6%
Total assets€323,999below the sector's middle half▼ 7.9%€419,261below the sector's middle half▲ 29.4%€576,494within the sector's middle half▲ 37.5%€634,826within the sector's middle half▲ 10.1%€926,055within the sector's middle half▲ 45.9%
Debt€170,896▼ 28.6%€180,645▲ 5.7%€298,317▲ 65.1%€351,782▲ 17.9%€567,725▲ 61.4%
Working capital€72,537within the sector's middle half▲ 13.9%€140,728within the sector's middle half▲ 94.0%€155,401within the sector's middle half▲ 10.4%€101,009within the sector's middle half▼ 35.0%€294,777within the sector's middle half▲ 192%
Solvency47.3%within the sector's middle half▲ 15.3pp56.9%within the sector's middle half▲ 9.7pp48.3%within the sector's middle half▼ 8.7pp44.6%within the sector's middle half▼ 3.7pp38.7%within the sector's middle half▼ 5.9pp
Current ratio1.62within the sector's middle half▲ 0.201.96within the sector's middle half▲ 0.351.75within the sector's middle half▼ 0.221.51within the sector's middle half▼ 0.242.00within the sector's middle half▲ 0.49
Return on assets (ROA)12.5%above the sector's middle half▲ 12.2pp20.4%above the sector's middle half▲ 7.9pp6.9%within the sector's middle half▼ 13.5pp1.4%within the sector's middle half▼ 5.4pp8.1%within the sector's middle half▲ 6.7pp
Staff (FTE)5.2within the sector's middle half▼ 8.8%7.2within the sector's middle half▲ 38.5%7.8within the sector's middle half▲ 8.3%12.1within the sector's middle half▲ 55.1%11.2within the sector's middle half▼ 7.4%
above
within
below
the middle half (P25 to P75) of NACE 10, Manufacture of food products, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 374% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €926,055
Fixed assets
€335,727 ▲ 0.4%
Current assets
€590,328 ▲ 96.5%
Equity and liabilities €926,055
Equity
€358,330 ▲ 26.6%
Debt
€567,725 ▲ 61.4%
Debt's share of the balance-sheet total rises from 55.4% to 61.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€172,377▲
2023 · €108,754
Cash flow
€118,403▲
2023 · €90,674
Quick ratio
1.68▲
2023 · 0.86
Debt to equity
1.58▲
2023 · 1.24
ROE
21.0%▲
2023 · 3.2%
Interest coverage
9.07▲
2023 · 7.01
Debt ≤ 1 year
€295,551▲
2023 · €199,423
Debt > 1 year
€272,014▲
2023 · €150,318
Income taxes
€36,577▲
2023 · €4,343
Staff costs
€577,441▼
2023 · €595,815
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,811 companies that looked in July 2024 the way this one looks now, 0.3% went bankrupt within 24 months and 97% are still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.3%
went bankrupt
3.2%
stopped otherwise
97%
still going
For this company itself Checked computes a higher bankruptcy probability: 1.1% 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 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 17,811 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €269,810 | €356,463 | €595,815 | €577,441 | ▼ 3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €35,015 | €44,438 | €35,592 | €81,507 | €43,118 | ▼ 47.1% |
| Other operating charges640/8 | - | €3,776 | €1,109 | €5,445 | €3,157 | ▼ 42.0% |
| Gross operating margin9900 | €293,109 | €439,463 | €455,119 | €710,014 | €752,974 | ▲ 6.1% |
| Operating profit (loss)9901 | €60,416 | €121,439 | €61,955 | €27,247 | €129,259 | ▲ 374% |
| Financial income75/76B | - | €4,819 | €2,227 | €1,778 | €1,599 | ▼ 10.0% |
| Recurring financial income75 | €617 | €4,819 | €2,227 | €1,778 | €1,599 | ▼ 10.0% |
| Financial charges65/66B | - | €2,987 | €7,564 | €15,515 | €18,996 | ▲ 22.4% |
| Recurring financial charges65 | €5,556 | €2,987 | €7,564 | €15,515 | €18,996 | ▲ 22.4% |
| Non-recurring financial charges66B | - | €0 | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €55,255 | €123,272 | €56,618 | €13,510 | €111,863 | ▲ 728% |
| Income taxes67/77 | €14,698 | €37,759 | €17,057 | €4,343 | €36,577 | ▲ 742% |
| Profit (loss) for the period9904 | €40,556 | €85,513 | €39,560 | €9,167 | €75,286 | ▲ 721% |
| Profit (loss) for the period to be appropriated9905 | €40,556 | €85,513 | €39,560 | €9,167 | €75,286 | ▲ 721% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €323,999 | €419,261 | €576,494 | €634,826 | €926,055 | ▲ 45.9% |
| Fixed assets21/28 | €134,400 | €132,676 | €213,461 | €334,394 | €335,727 | ▲ 0.4% |
| Intangible fixed assets21 | €500 | €0 | - | €34,689 | €1,947 | ▼ 94.4% |
| Tangible fixed assets22/27 | €132,900 | €131,676 | €212,461 | €298,705 | €112,780 | ▼ 62.2% |
| Plant, machinery and equipment23 | - | €74,170 | €64,026 | €93,503 | €19,145 | ▼ 79.5% |
| Furniture and vehicles24 | - | €25,841 | €103,946 | €104,446 | €76,945 | ▼ 26.3% |
| Other tangible fixed assets26 | - | €31,665 | €44,489 | €100,756 | €16,690 | ▼ 83.4% |
| Financial fixed assets28 | €1,000 | €1,000 | €1,000 | €1,000 | €221,000 | ▲ 22,000% |
| Current assets29/58 | €189,599 | €286,585 | €363,032 | €300,432 | €590,328 | ▲ 96.5% |
| Amounts receivable after more than one year29 | - | €14,483 | €10,584 | €6,498 | €164,717 | ▲ 2,435% |
| Other amounts receivable291 | - | €14,483 | €10,584 | €6,498 | €164,717 | ▲ 2,435% |
| Stocks and contracts in progress3 | €71,748 | €74,300 | €102,516 | €128,702 | €93,586 | ▼ 27.3% |
| Stocks30/36 | - | €74,300 | €102,516 | €128,702 | €93,586 | ▼ 27.3% |
| Amounts receivable within one year40/41 | €71,269 | €75,721 | €131,351 | €147,465 | €264,259 | ▲ 79.2% |
| Trade receivables40 | - | €49,754 | €69,092 | €92,148 | €146,110 | ▲ 58.6% |
| Other amounts receivable41 | - | €25,967 | €62,259 | €55,317 | €118,149 | ▲ 114% |
| Cash at bank and in hand54/58 | €46,582 | €122,081 | €116,590 | €6,035 | €64,733 | ▲ 973% |
| Deferred charges and accrued income490/1 | - | - | €1,992 | €11,732 | €3,033 | ▼ 74.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €323,999 | €419,261 | €576,494 | €634,826 | €926,055 | ▲ 45.9% |
| Equity10/15 | €153,103 | €238,616 | €278,176 | €283,045 | €358,330 | ▲ 26.6% |
| Contributions10/11 | - | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Reserves13 | €133,103 | €218,616 | €258,176 | €263,045 | €338,330 | ▲ 28.6% |
| Non-distributable reserves130/1 | - | €2,000 | €0 | - | - | - |
| Reserves not available under the articles1311 | - | €2,000 | €0 | - | - | - |
| Distributable reserves133 | - | €216,616 | €258,176 | €263,045 | €338,330 | ▲ 28.6% |
| Profit (loss) carried forward14 | - | - | - | €0 | €0 | - |
| Amounts payable17/49 | €170,896 | €180,645 | €298,317 | €351,782 | €567,725 | ▲ 61.4% |
| Amounts payable after more than one year17 | €53,834 | €34,788 | €88,549 | €150,318 | €272,014 | ▲ 81.0% |
| Financial debts170/4 | - | €14,788 | €68,549 | €130,318 | €202,014 | ▲ 55.0% |
| Other amounts payable178/9 | - | €20,000 | €20,000 | €20,000 | €70,000 | ▲ 250% |
| Amounts payable within one year42/48 | €117,062 | €145,857 | €207,631 | €199,423 | €295,551 | ▲ 48.2% |
| Current portion of amounts payable after more than one year42 | - | €19,045 | €30,475 | €44,688 | €82,506 | ▲ 84.6% |
| Trade debts44 | €52,720 | €73,583 | €108,161 | €93,815 | €70,511 | ▼ 24.8% |
| Suppliers440/4 | - | €73,583 | €108,161 | €93,815 | €70,511 | ▼ 24.8% |
| Taxes, remuneration and social security45 | - | €44,899 | €61,505 | €48,401 | €77,697 | ▲ 60.5% |
| Taxes450/3 | - | €24,576 | €19,223 | €8,985 | €25,590 | ▲ 185% |
| Remuneration and social security454/9 | - | €20,323 | €42,282 | €39,416 | €52,107 | ▲ 32.2% |
| Other amounts payable47/48 | - | €8,330 | €7,490 | €12,519 | €64,838 | ▲ 418% |
| Accrued charges and deferred income492/3 | - | - | €2,137 | €2,040 | €160 | ▼ 92.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €40,556 | €85,513 | €39,560 | €9,167 | €75,286 | ▲ 721% |
| + Depreciation and write-downs630 | €35,015 | €44,438 | €35,592 | €81,507 | €43,118 | ▼ 47.1% |
| Operating cash flow (approximation) | €75,571 | €129,951 | €75,152 | €90,674 | €118,403 | ▲ 30.6% |
| Investment in fixed assets (approximation) | - | -€42,714 | -€116,377 | -€202,440 | -€44,451 | ▲ 78.0% |
| Change in cash | - | €75,499 | -€5,491 | -€110,554 | €58,698 | ▲ 153% |
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
15-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
02-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
13-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
23-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
15-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Highest result since 2018net €85,513 ▲111%
Net result €85,513, the highest in the series.
31-12
Financial
Equity above €200,000Eq €238,616 ▲55.9%
4 profitable years in a row build equity to €238,616.
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Equity above €150,000Eq €153,103 ▲36%
3 profitable years in a row build equity to €153,103.
03-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 34 days late
2019
31-12
Financial
Weakest financial yearnet €1,127 ▼89.9%
Net result drops to €1,127, the lowest in the series; recovery starts the following year.
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro 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, Antwerpen · 2 establishment units since 2012
Ground area
2,115 m²
Building footprint
815 m²
Volume, LiDAR
13,291 m³
3 parcels, Flanders · tallest building 27.8 m, ±6 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
2 establishment units
CAFFENATION
since 20122.205.116.044
Caffenation Blue
since 20222.340.396.796
3 parcels
Flanders
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11806F1416/00L000 | Flanders | 1,492 m² | 1 · 815 m² | 27.8 m · 6 fl. |
| 11806F1317/00M012 | Flanders | 340 m² | - | - |
| 11810K1612/00D002 | Flanders | 282 m² | - | - |
Linked by address, not proof of ownership
Good to know
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2024 list no shareholders, and no other source names one.
Holdings 1
-
100%
According to the 2024 annual accounts of CAFFENATION and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 1,380 EUR awarded · 1,380 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,380 EUR | 1,380 EUR |
Recognitions · licences · registrations
Food safety, FASFC
2 sitesAntwerpen2.205.116.044
Antwerpen2.340.396.796
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Of 232 companies in sector 10830 we hold annual accounts for 113. 82 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
Founded07-12-2011
Fiscal year end31-12
Activities, NACEBEL 2025
10830Manufacture of food products
46370Wholesale trade
E-invoicing
Reachable via Peppol
Peppol ID
0208:0841683054
Also
9925:BE0841683054
Registered
01-02-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.