DE AARDAPPELHOEVE
ActiveSummary
DE AARDAPPELHOEVE has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €19.86M and a net result of €4.16M. Equity is growing by ~10.4% per year across the filed fiscal years. Its solvency ranks better than 57% of 4867 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
74
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability83▼-6
Solvency76▲+5
Growth63▼-20
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.45M at 30 days acceptable
Liquidity ample (current ratio 1.78 against 1.64 in 2024; short-term debt: 35.4% and cash: 6% of total assets), and 48.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
51.4%
Return on assets
10.8%
Age of the figures
11 mo
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-10-2025 was due by 31-05-2026 and was filed on 04-05-2026, 27 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
27 d early
2024
25 d early
2023
25 d early
2022
83 d early
2021
9 d late
2019
44 d late
2018
95 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-10-2026 and is due by 31-05-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-10-2026 close31-05-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€50.15M▼ 3.8%
2024 · €52.15M
2018: €19.16M
2019: €30.77M
2021: €57.53M
2022: €32.01M
2023: €41.85M
2024: €52.15M
2018 → 2025
EBIT margin
10.5%▼ 2.4pp
2024 · 12.9%
2018: 23.4%
2019: 1.5%
2021: 16.5%
2022: 5.9%
2023: 7.1%
2024: 12.9%
2018 → 2025
Net result
€4.16M▼ 27.0%
2024 · €5.71M
2018: €4.34M
2019: €340k
2021: €6.26M
2022: €1.35M
2023: €2.22M
2024: €5.71M
2018 → 2025
Working capital
€10.64M=
2024 · €10.63M
2018: €5.90M
2019: €5.70M
2021: €7.48M
2022: €8.77M
2023: €9.25M
2024: €10.63M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€57.53M-€32.01M▼ 44.4%€41.85M▲ 30.7%€52.15M▲ 24.6%€50.15M▼ 3.8%
Equity€13.77M-€15.35M▲ 11.5%€16.01M▲ 4.3%€17.96M▲ 12.1%€19.86M▲ 10.6%
Operating result€9.49M-€1.88M▼ 80.2%€2.98M▲ 58.8%€6.71M▲ 125%€5.26M▼ 21.6%
Net result€6.26M-€1.35M▼ 78.5%€2.22M▲ 65.1%€5.71M▲ 157%€4.16M▼ 27.0%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 22% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €38.65M
Fixed assets
€14.35M ▲ 18.9%
Current assets
€24.30M ▼ 10.7%
Equity and liabilities €38.65M
Equity
€19.86M ▲ 10.6%
Debt
€18.79M ▼ 11.8%
Debt's share of the balance-sheet total falls from 54.3% to 48.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€8.12M▼
2024 · €9.54M
Cash flow
€7.02M▼
2024 · €8.53M
Current ratio
1.78▲
2024 · 1.64
Quick ratio
1.27▼
2024 · 1.30
Debt to equity
0.95▼
2024 · 1.19
ROE
21.0%▼
2024 · 31.8%
ROA
10.8%▼
2024 · 14.5%
Interest coverage
115.56▲
2024 · 100.55
Debt ≤ 1 year
€13.66M▼
2024 · €16.57M
Debt > 1 year
€4.98M▲
2024 · €4.68M
Income taxes
€1.15M▲
2024 · €1.10M
Staff costs
€2.60M▲
2024 · €2.31M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 88 lines
Balance sheet
Code20242025
Assets
Total assets20/58€39.27M€38.65M▼
Fixed assets21/28€12.07M€14.35M▲
Intangible fixed assets21€136k€115k▼
Tangible fixed assets22/27€11.93M€14.21M▲
Land and buildings22€4.43M€4.25M▼
Plant, machinery and equipment23€5.45M€7.99M▲
Furniture and vehicles24€875k€1.15M▲
Leasing and similar rights25€1.18M€818k▼
Financial fixed assets28€4k€29k▲
Affiliated companies280/1-€25k
Participating interests280-€25k
Other financial fixed assets284/8€4k€4k=
Amounts receivable and cash guarantees285/8€4k€4k=
Current assets29/58€27.20M€24.30M▼
Amounts receivable after more than one year29€4.82M€4.35M▼
Other amounts receivable291€4.82M€4.35M▼
Stocks and contracts in progress3€5.65M€7.00M▲
Stocks30/36€5.65M€7.00M▲
Goods purchased for resale34€5.65M€7.00M▲
Amounts receivable within one year40/41€7.91M€8.66M▲
Trade receivables40€7.69M€8.10M▲
Other amounts receivable41€222k€560k▲
Current investments50/53€1.84M€1.86M▲
Other investments51/53€1.84M€1.86M▲
Cash at bank and in hand54/58€6.71M€2.33M▼
Deferred charges and accrued income490/1€266k€107k▼
Equity and liabilities
Total equity and liabilities10/49€39.27M€38.65M▼
Equity10/15€17.96M€19.86M▲
Contributions10/11€395k€395k=
Reserves13€17.45M€19.41M▲
Non-distributable reserves130/1€40k€40k=
Reserves not available under the articles1311€40k€40k=
Tax-exempt reserves132€6.03M€6.87M▲
Distributable reserves133€11.38M€12.51M▲
Investment grants15€113k€53k▼
Amounts payable17/49€21.31M€18.79M▼
Amounts payable after more than one year17€4.68M€4.98M▲
Financial debts170/4€4.68M€4.98M▲
Leasing and similar obligations172€716k€437k▼
Credit institutions173€3.97M€4.54M▲
Amounts payable within one year42/48€16.57M€13.66M▼
Current portion of amounts payable after more than one year42€1.22M€1.07M▼
Trade debts44€10.91M€9.39M▼
Suppliers440/4€10.91M€9.39M▼
Taxes, remuneration and social security45€316k€399k▲
Taxes450/3€8k€15k▲
Remuneration and social security454/9€308k€384k▲
Other amounts payable47/48€4.12M€2.81M▼
Accrued charges and deferred income492/3€61k€146k▲
Income statement
Code20242025
Operating income70/76A€52.74M€50.57M▼
Turnover70€52.15M€50.15M▼
Other operating income74€523k€306k▼
Non-recurring operating income76A€66k€116k▲
Operating charges60/66A€46.02M€45.31M▼
Goods for resale, raw materials and consumables60€34.06M€31.93M▼
Purchases600/8€34.68M€33.28M▼
Change in stocks: decrease (increase)609€-619k€-1.35M▼
Services and other goods61€6.66M€7.72M▲
Remuneration, social security and pensions62€2.31M€2.60M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2.83M€2.85M▲
Other operating charges640/8€160k€188k▲
Non-recurring operating charges66A€4k€16k▲
Operating profit (loss)9901€6.71M€5.26M▼
Financial income75/76B€140k€130k▼
Recurring financial income75€140k€130k▼
Income from current assets751€24k€24k=
Other financial income752/9€116k€106k▼
Financial charges65/66B€48k€81k▲
Recurring financial charges65€48k€81k▲
Debt charges650€95k€70k▼
Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651€-57k€0▲
Other financial charges652/9€10k€11k▲
Profit (loss) for the period before taxes9903€6.81M€5.31M▼
Income taxes67/77€1.10M€1.15M▲
Taxes670/3€1.10M€1.15M▲
Tax adjustments and reversals of tax provisions77-€1k
Profit (loss) for the period9904€5.71M€4.16M▼
Transfer to tax-exempt reserves689€856k€842k▼
Profit (loss) for the period to be appropriated9905€4.85M€3.32M▼
Appropriation of the result
Profit (loss) to be appropriated9906€4.85M€3.32M▼
Transfer from equity791/2€0-
From reserves792€0-
Transfer to equity691/2€1.15M€1.12M▼
To other reserves6921€1.15M€1.12M▼
Profit to be distributed694/7€3.70M€2.20M▼
Return on contributions (dividend)694€1.50M€1.40M▼
Directors or managers695€2.20M€800k▼
Social balance
Average headcount (FTE)908742.144.2▲
The notes to these accounts (112 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
04-05
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
06-05
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
06-05
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
09-03
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
09-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 9 days late
2021
31-10
Financial
Highest result since 2018net €6.26M ▲1739%
Operating result €9.49M, net result €6.26M, both a record.
31-10
Financial
Equity above €10MEq €13.77M ▲52.8%
3 profitable years in a row build equity to €13.77M.
2020
13-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 44 days late
2019
30-11
Financial
Weakest financial yearnet €340k ▼92.1%
Net result drops to €340k, the lowest in the series; recovery starts the following year.
03-10
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 95 days late
2018
10-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 10 days late
2017
26-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
18-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 18 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
13 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, Tielt · 1 establishment unit since 2004
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Putterijstraat 7A8700 TieltGround area
2.7 ha
Building footprint
1.1 ha
Volume, LiDAR
29,068 m³
Parcel 37303G0706/00D000, Flanders · tallest building 17.4 m. Linked by address, not a title deed.
1 establishment unit
DE AARDAPPELHOEVE
since 20042.137.166.257
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37303G0706/00D000 | Flanders | 2.7 ha | 1 · 1.1 ha | 17.4 m |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 16 entries · 244,610 EUR awarded · 227,243 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 6 | 106,453 EUR | 101,586 EUR |
| 2024 | 4 | 67,338 EUR | 54,838 EUR |
| 2023 | 3 | 42,209 EUR | 42,209 EUR |
| 2022 | 3 | 28,610 EUR | 28,610 EUR |
Schemes
Brede weersverzekering
Investeringssteun voor land- en tuinbouwers
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
Kmo-groeisubsidie: steun voor groeitrajecten bij kmo's (stopgezet)
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Food safety, FASFC
1 siteTielt2.137.166.257
Similar companies · same sector, comparable size
ALFA FISH
BE 0460.742.971
Brecht · Eq €18.32M
PITTMAN SEAFOODS
BE 0439.678.729
Brugge · Eq €10.91M
DEWITTE EDDY & RODERIC
BE 0890.489.197
Poperinge · Eq €9.26M
WARNEZ
BE 0447.230.772
Tielt · Eq €8.02M
LOBSTER FISH
BE 0461.550.645
Deerlijk · Eq €7.25M
Of 253 companies in sector 46381 we hold annual accounts for 178. 26 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded26-01-2004
Fiscal year end31-10
Activities, NACEBEL 2025
46311Wholesale trade
46381Wholesale trade
01130Growing of vegetables, melons, roots and tubers
10311Manufacture of food products
10312Manufacture of food products
47210Retail sale of fruit and vegetables
Sources
Crossroads Bank for EnterprisesNational Bank · 19 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.