Equity
Darta has made a profit in every financial year since 2006.
Darta has made a profit in every financial year since 2006.
Debts rose by €55.1m in 2025.
Green is investment, beige is depreciation. Machinery stands 46.0% higher than in 2024.
In 2025, 87 people joined and 60 left. On top of that, 69.7 agency workers worked there on average.
The last five annual accounts were filed 1 to 25 days before the end of the period.
Higher net result than 95% of companies in food products. Sector median €134,776 · 795 companies.
The dashed line is the sector median: 0.4% across 62 companies (NACE 10, large).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 10, large). It does better than 72% of them on solvency, 66% on liquidity, 69% on profitability and 64% on growth.
The bankruptcy probability was computed on 08-11-2026 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 30-06-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% 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).
In July 2024, 321 companies had the same profile as Darta has now. Each dot is one company, two years later.
That fits the bankruptcy probability of Darta itself: 0.2% within 12 months.
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 321 companies, not a prediction for Darta. 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.
Liquidity is ample, with a current ratio of 1.75 (1.9 in 2024), above the usual 1.5. Short-term debt is 30.1% and cash 1.3% of total assets. 45.7% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 14 days before the deadline. In the sector (NACE 10), the median for financial year 2024 was 4 days before the deadline, and 38% of those companies filed late.
Shares in 5 companies, including D'ARTA UK Limited and DARTA ALENTEJO SA
Board & ownership| Company | ||||
|---|---|---|---|---|
| Darta Ardooie | €293.6m | 7.8% | 54.3% | 480.4 |
| DUJARDIN FOODS Ardooie | €225.0m | 2.9% | 34.5% | 413.2 |
| GREENYARD PREPARED BELGIUM Bree | €271.5m | 2.0% | 27.5% | 836.4 |
| ARDO ARDOOIE Ardooie | €140.3m | 3.9% | 57.9% | 398.5 |
| HESBAYEFROST Geer | €134.4m | 5.6% | 31.8% | 342.1 |
| Materne - Confilux Floreffe | €225.4m | -7.0% | 60.2% | 607.8 |
| PASFROST Zonnebeke | €150.5m | 10.8% | 38.2% | 143.1 |
Grey: the largest companies of the sector (food products (NACE 10)), without their names. Blue: the sector peers from the table.
These companies have their main activity in the same NACE class as Darta: manufacture of food products (NACE 1039). With exactly the same main activity (NACE 10393), too few companies are of comparable size. They are comparable in size and age: total assets between €64m and €154m, founded between 1923 and 1989.
Darta has existed since 1988. Turnover grew from €74.8m in 2006 to €293.6m in 2025 and staff from 104.7 to 480.4 full-time equivalents.
Turnover has grown every year since 2021. Solvency fell in 2025 from 64.5% to 54.3% because of higher long-term debts.
Kadaps holds all the shares. In December 2021, the Official Gazette published the appointment of ATMAN as managing director.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
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