CHOVEX
InactiveSignals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
40 d late
2023
134 d late
2022
57 d late
2021
59 d late
2020
193 d late
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 78 days after 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 (1)
History
Go further with this company
What became of the directors' other companies?Supplier due diligence Who ran this company, and where was it based, on a date before the end?Company as of a date How is the Manufacture of food products sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€185,287▲ 2.2%
2024 · €181,369
Total assets
€190,673▼ 2.5%
2024 · €195,614
Net result
€3,918▼ 72.6%
2024 · €14,309
Working capital
€185,287▲ 2.2%
2024 · €181,369
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: 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. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€14,713▲ 7.1%€12,956▼ 11.9%€11,686▼ 9.8%€13,805▲ 18.1%-€1,193
Net result€13,700within the sector's middle half▲ 6.6%€13,396within the sector's middle half▼ 2.2%€11,729within the sector's middle half▼ 12.4%€14,309within the sector's middle half▲ 22.0%€3,918within the sector's middle half▼ 72.6%
Equity€141,934above the sector's middle half▲ 10.7%€155,330above the sector's middle half▲ 9.4%€167,060above the sector's middle half▲ 7.6%€181,369above the sector's middle half▲ 8.6%€185,287above the sector's middle half▲ 2.2%
Total assets€155,058within the sector's middle half▲ 11.3%€169,266within the sector's middle half▲ 9.2%€180,875within the sector's middle half▲ 6.9%€195,614within the sector's middle half▲ 8.1%€190,673within the sector's middle half▼ 2.5%
Debt€13,124▲ 18.8%€13,936▲ 6.2%€13,816▼ 0.9%€14,245▲ 3.1%€5,386▼ 62.2%
Working capital€141,934above the sector's middle half▲ 10.7%€155,330above the sector's middle half▲ 9.4%€167,060above the sector's middle half▲ 7.6%€181,369above the sector's middle half▲ 8.6%€185,287above the sector's middle half▲ 2.2%
Solvency91.5%above the sector's middle half▼ 0.5pp91.8%above the sector's middle half▲ 0.2pp92.4%above the sector's middle half▲ 0.6pp92.7%above the sector's middle half▲ 0.4pp97.2%above the sector's middle half▲ 4.5pp
Current ratio11.81above the sector's middle half▼ 0.7912.15above the sector's middle half▲ 0.3313.09above the sector's middle half▲ 0.9513.73above the sector's middle half▲ 0.6435.40above the sector's middle half▲ 21.67
Return on assets (ROA)8.8%within the sector's middle half▼ 0.4pp7.9%within the sector's middle half▼ 0.9pp6.5%within the sector's middle half▼ 1.4pp7.3%within the sector's middle half▲ 0.8pp2.1%within the sector's middle half▼ 5.3pp
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 turns negative in 2025: a loss of €1,193 after €13,805 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €190,673
Equity
€185,287 ▲ 2.2%
Debt
€5,386 ▼ 62.2%
Debt's share of the balance-sheet total falls from 7.3% to 2.8%. Equity is higher and debt is lower.
Key figures and ratios
Debt to equity
0.03▼
2024 · 0.08
ROE
2.1%▼
2024 · 7.9%
Debt ≤ 1 year
€5,386▼
2024 · €14,245
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | €857 | €499 | €513 | €531 | ▲ 3.4% |
| Gross operating margin9900 | €14,713 | €13,813 | €12,185 | €14,318 | -€663 | ▼ 105% |
| Operating profit (loss)9901 | €14,713 | €12,956 | €11,686 | €13,805 | -€1,193 | ▼ 109% |
| Financial income75/76B | €4,596 | €5,394 | €4,394 | €5,332 | €6,417 | ▲ 20.4% |
| Recurring financial income75 | €4,596 | €5,394 | €4,394 | €5,332 | €6,417 | ▲ 20.4% |
| Financial charges65/66B | €245 | €64 | €57 | €57 | €1,306 | ▲ 2,176% |
| Recurring financial charges65 | €245 | €64 | €57 | €57 | €1,306 | ▲ 2,176% |
| Profit (loss) for the period before taxes9903 | €19,063 | €18,286 | €16,022 | €19,079 | €3,918 | ▼ 79.5% |
| Income taxes67/77 | €5,364 | €4,890 | €4,293 | €4,770 | - | - |
| Profit (loss) for the period9904 | €13,700 | €13,396 | €11,729 | €14,309 | €3,918 | ▼ 72.6% |
| Profit (loss) for the period to be appropriated9905 | €13,700 | €13,396 | €11,729 | €14,309 | €3,918 | ▼ 72.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €155,058 | €169,266 | €180,875 | €195,614 | €190,673 | ▼ 2.5% |
| Current assets29/58 | €155,058 | €169,266 | €180,875 | €195,614 | €190,673 | ▼ 2.5% |
| Amounts receivable within one year40/41 | €153,690 | €169,077 | €172,620 | €195,497 | €190,623 | ▼ 2.5% |
| Trade receivables40 | €18,150 | €28,300 | €27,450 | €30,600 | €19,523 | ▼ 36.2% |
| Other amounts receivable41 | €135,540 | €140,777 | €145,170 | €164,897 | €171,100 | ▲ 3.8% |
| Cash at bank and in hand54/58 | €1,368 | €190 | €8,255 | €118 | €50 | ▼ 57.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €155,058 | €169,266 | €180,875 | €195,614 | €190,673 | ▼ 2.5% |
| Equity10/15 | €141,934 | €155,330 | €167,060 | €181,369 | €185,287 | ▲ 2.2% |
| Contributions10/11 | €110,000 | €110,000 | €110,000 | €110,000 | €110,000 | = |
| Reserves13 | €31,900 | €45,300 | €57,050 | €71,000 | €75,000 | ▲ 5.6% |
| Distributable reserves133 | €31,900 | €45,300 | €57,050 | €71,000 | €75,000 | ▲ 5.6% |
| Profit (loss) carried forward14 | €34 | €30 | €10 | €369 | €287 | ▼ 22.3% |
| Amounts payable17/49 | €13,124 | €13,936 | €13,816 | €14,245 | €5,386 | ▼ 62.2% |
| Amounts payable within one year42/48 | €13,124 | €13,936 | €13,816 | €14,245 | €5,386 | ▼ 62.2% |
| Trade debts44 | €315 | €964 | €1,948 | €2,159 | €4,080 | ▲ 89.0% |
| Suppliers440/4 | €315 | €964 | €1,948 | €2,159 | €4,080 | ▲ 89.0% |
| Taxes, remuneration and social security45 | €12,810 | €12,972 | €11,868 | €12,087 | €1,306 | ▼ 89.2% |
| Taxes450/3 | €12,810 | €12,972 | €11,868 | €12,087 | €1,306 | ▼ 89.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €13,700 | €13,396 | €11,729 | €14,309 | €3,918 | ▼ 72.6% |
| Operating cash flow (approximation) | €13,700 | €13,396 | €11,729 | €14,309 | €3,918 | ▼ 72.6% |
| Change in cash | - | -€1,179 | €8,066 | -€8,138 | -€68 | ▲ 99.2% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
07-05
State Gazette act
Capital & shares · Restructuring · End & cessationResignations: DESMET Willy (director) and DECLERCQ Martine (director) · Merger · Dissolution10 facts ▸
State Gazette act
Capital & shares · Restructuring · End & cessation
Resignations: DESMET Willy (director) and DECLERCQ Martine (director) · Merger · Dissolution10 facts ▸
- General meeting, 31-03-2026
- Other statement, waiver of reading of merger proposal, shareholders fully informed more than one month before meeting
- Other statement, consent to no interim accounts, all shareholders of each company involved in the merger
- Merger, met fusie door overneming gelijkgestelde verrichting, gehele vermogen - rechten en verplichtingen
- Other statement, no shares with special rights, no special rights to be allocated or measures proposed
- Other statement, no special benefits, artikel 12:50 WVV
- Dissolution, ontbinding zonder vereffening, ontbinding zonder vereffening
- Transfer of a branch of activity or universality, universality, boekhoudkundige staat van de overgenomen vennootschap zoals opgenomen in het fusievoorstel
- Director resignation, DESMET Willy (director)
- Director resignation, DECLERCQ Martine (director)
17-02
State Gazette act
RestructuringMerger · Accounting effect · Shareholding4 facts ▸
State Gazette act
Restructuring
Merger · Accounting effect · Shareholding4 facts ▸
- Merger, geruisloze fusie door overneming
- Accounting effect, 01-01-2026
- Shareholding, 100%
- Interim balance sheet, 31-12-2025
2025
31-12
Financial
Weakest financial yearnet €3,918 ▼72.6%
Net result drops to €3,918, the lowest in the series.
31-12
Financial
Liquidity triplescurrent ratio 35.40
Current ratio from 13.73 to 35.40; short-term debt falls from €14,245 to €5,386.
09-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 40 days late
2024
12-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 134 days late
2023
26-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 57 days late
2022
31-12
Financial
Equity above €150,000Eq €155,330 ▲9.4%
5 profitable years in a row build equity to €155,330.
28-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 59 days late
09-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 193 days late
2020
03-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 34 days late
Show earlier events
2019
31-12
Financial
Equity above €100,000Eq €115,382 ▲26.9%
2 profitable years in a row build equity to €115,382.
09-09
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 40 days late
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 27 days late
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 28 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
2 of 6 acts read
About the unread acts
Of the 6 Belgian State Gazette acts we know for this company, 2 have been read. The other 4 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
no sitting director, last change in 2026
We have established no sitting directors for this company in the Gazette acts read. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Ledegem
Ground area
6,965 m²
Parcel 36010C0507/00E000, Flanders. Linked by address, not a title deed.
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36010C0507/00E000 | Flanders | 6,965 m² | - | - |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Mandate history
2 people since 2026, 0 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| DECLERCQ Martine |
|
| Desmet Willy |
|
Articles of association
Accounting effect
01-01-2026
Structure & network
Owners and holdings
1 ownerChain of control
- MONTSERRAT
- CHOVEX
Highest known parent: MONTSERRAT. The sources do not say who stands above it.
Owners 1
-
100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts 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.
Acquisitions and mergers
2 transactionsTaken over by:MONT-SERRAT
Taken over by:Montserrat BV
Capital and shareholders
Shareholders according to the acts
Stated in the act
act of 17-02-2026 ↗
- Montserrat BV (BE 0428.253.317) 100%
The Belgian State Gazette names shareholders only when an act mentions them; the share register itself is not published.
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Of 608 companies in this sector we hold annual accounts for 235. 192 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded14-06-1996
Fiscal year end31-12
Activities, NACEBEL 2025
10520Manufacture of food products
10720Manufacture of food products
82100Office administrative and support services
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.