Turnover
≈ €130,000 estimated
The micro format states no turnover.
CULINARY DEVELOPMENT
Lifetime
12 annual accounts with figures on one time axispeak €43,657 (2025)
€43,657▲ 12.1%
lowest -€15,512 (2016)
€16,631▲ 32.9%
peak €64,743 (2025)
€64,743▲ 34.6%
€319,308▼ 9.2%
Board2 names since 2016
2 directorsDEVALKENEER Pascal Alain André and 1 other
Documentsfilings and deeds
27-08-202627 days late
2025micro format
Gross margin from €38,933 to €43,657Result from €12,512 to €16,631Equity from €48,113 to €64,743Cash from €9,479 to €1,140
Key points
from the 2025 annual accountsChecked score
80
Excellent
Financially stronger than 40% of micro companies in head offices and management consultancy (NACE 70)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.5% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 48,570 companies (NACE 70, micro).
About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.5%
01-2025: 0.5%● unchanged vs 12-2024
02-2025: 0.5%● unchanged vs 01-2025
03-2025: 0.5%● unchanged vs 02-2025
04-2025: 0.5%● unchanged vs 03-2025
05-2025: 0.6%▲ +0.1 percentage points vs 04-2025
06-2025: 0.6%● unchanged vs 05-2025
07-2025: 0.6%● unchanged vs 06-2025
08-2025: 1.0%▲ +0.4 percentage points vs 07-2025
09-2025: 1.4%▲ +0.4 percentage points vs 08-2025highest value
10-2025: 1.1%▼ -0.3 percentage points vs 09-2025
11-2025: 1.1%● unchanged vs 10-2025
12-2025: 1.1%● unchanged vs 11-2025
01-2026: 0.3%▼ -0.8 percentage points vs 12-2025
02-2026: 0.3%● unchanged vs 01-2026
03-2026: 0.3%● unchanged vs 02-2026
04-2026: 0.3%● unchanged vs 03-2026
05-2026: 0.3%● unchanged vs 04-2026
06-2026: 0.3%● unchanged vs 05-2026lowest value
07-2026: 0.3%● unchanged vs 06-2026
08-2026: 0.5%▲ +0.2 percentage points vs 07-2026
09-2026: 0.5%● unchanged vs 08-2026
10-2026: 0.5%● unchanged vs 09-2026
11-2026: 0.5%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
Liquidity: current ratio 0.10, cash €1,140, halved
Last filed accounts filed 27 days late; 1 of the last 3 accounts late
lowers risk
Size: total assets €384,052
Sector: Activities of head offices; management consultancy activities (NACE 70)
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 70, micro). It does better than 21% of them on solvency, 26% on liquidity, 39% on profitability and 75% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
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).
Comparable companies, two years later
In July 2024, 4,508 companies had the same profile as CULINARY DEVELOPMENT has now. Each dot stands for 12 companies, two years later.
96.8%
were still trading
1.6%
stopped another way
1.4%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of CULINARY DEVELOPMENT itself: 0.5% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 4,508 companies, not a prediction for CULINARY DEVELOPMENT. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €5,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.1 (0.14 in 2024), below 1. Short-term debt is 17.2% and cash 0.3% of total assets. 83.1% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 39368 sector peers (2025).
NBB · sector comparisonPosition among 39368 sector peers
Solvency
better than 21%
← weakest
strongest →
raises risk · 2025 accounts filed 27 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
27 days late
2024
57 days late
2023
30 days late
2022
29 days late
2021
25 days late
2020
20 days late
2019
60 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 35 days after the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% 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 29 August (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- DEVALKENEER Pascal Alain André shareholderdeed of 28-12-2023
- BALI Ernesto shareholderdeed of 28-12-2023
Recent changes
Appointments: DEVALKENEER Pascal Alain André (director) and BALI Ernesto (director)
DEVALKENEER Pascal Alain André is a shareholder · BALI Ernesto is a shareholder · Legal-form conversion: from private limited company (pre-2019) to private limited company · General meeting of 18-12-2023 · Gazette deed
Incorporation
published on 02-01-2013 · Gazette deed
First establishment
CLINARY DEVELOPMENT
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| CULINARY DEVELOPMENT Watermael-Boitsfort | €384,052 | €43,657 | 16.9% | - |
| WAREMME DEVELOPPEMENT PROMOTION Watermael-Boitsfort | €359,226 | €45,872 | -235.6% | - |
| MASSIVE CONSULTING Sint-Gillis (bij-Brussel) | €379,092 | €46,561 | 90.3% | - |
| Cobea Ixelles | €373,462 | €49,350 | 26.8% | 0 |
| VILMER Anderlecht | €351,398 | €38,589 | 47.9% | - |
| HUASO Ixelles | €376,244 | €37,679 | 46.9% | - |
| THINK INNOVATION Brussels | €390,621 | €36,059 | 70.4% | - |
These companies have the same main activity as CULINARY DEVELOPMENT: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €351,000 and €391,000, founded between 2011 and 2013.
Official details
Source: KBO- Status
- Active since 19-12-2012Normal situation
- Activity
- Business and other management consultancyNACE 70200and 1 other
- Establishment unit
- 2.217.578.762since 10-12-2012
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Insights on CULINARY DEVELOPMENT
CULINARY DEVELOPMENT files the micro format. That format states no turnover. The gross margin rose from -€95 in 2014 to €43,657 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about CULINARY DEVELOPMENT
- What is the company number of CULINARY DEVELOPMENT?
- The company number of CULINARY DEVELOPMENT is 0508.556.944. The VAT number is the same number with BE in front: BE 0508.556.944.
- Where is CULINARY DEVELOPMENT based?
- The registered office is at Willeriekendreef 3, 1170 Watermael-Boitsfort.Company details
- What does CULINARY DEVELOPMENT do?
- According to the KBO register, the main activity is business and other management consultancy (NACE 70200).
- What is the legal form of CULINARY DEVELOPMENT?
- CULINARY DEVELOPMENT is a private limited company (BV).
- When was CULINARY DEVELOPMENT founded?
- CULINARY DEVELOPMENT was founded on 19-12-2012.
- Is CULINARY DEVELOPMENT still active?
- Yes, CULINARY DEVELOPMENT is an active enterprise in the KBO register.
- What is the turnover of CULINARY DEVELOPMENT?
- The turnover in financial year 2025 is ≈ €130,000. This figure is estimated from the gross margin of €43,657 and 144 comparable companies (NACE 70200). It probably lies between €76,000 and €170,000.Financials
- Is CULINARY DEVELOPMENT profitable?
- In financial year 2025, CULINARY DEVELOPMENT made a profit of €16,631.
- Where can I find the annual accounts of CULINARY DEVELOPMENT?
- CULINARY DEVELOPMENT filed 12 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of CULINARY DEVELOPMENT due?
- CULINARY DEVELOPMENT must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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