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EIT FOOD

Active
Int'l non-profit associationfounded 2017active for 9 yearsPhilipssite 5, 3001 Leuven, BelgiumKBO/BCE: BE 0672.423.992
Summary

EIT FOOD has been active since 2017 and the Belgian Official Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €16.4m and a net result of -€84,330. Equity is growing by about 21% per year across the filed financial years. Its solvency ranks better than 25% of 8,125 sector peers (NACE 70, financial year 2024). The computed 12-month bankruptcy probability is below 0.1% (very low).

Overview

Activity
Business and other management consultancy
NACE 70200Activities of business and employers' organisations NACE 94110
#1 company by staff growth in Leuven, Professional and technical services sector1 site
Size
€47.9mturnover 2024
Staff
90.7 FTE
Equity
€16.4m
Deficit
-€84,330
Financial health
93 Excellent Checked score 2024
Bankruptcy probabilitywithin 12 months
< 0.1%
Structure
Board
18 members
Accounts 71 days overdue
Why 93raises riskFigures for financial year 2024 (filed 19-06-2025)lowers riskLegal form: int'l non-profit associationSector: Activities of head offices; management consultancy activities (NACE 70)Liquidity: current ratio 2.61, cash €16.2m, halvedShow the evidence

Checked score

Score 2024
93 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 46% of its sector peers (NACE 70, medium-sized)
Financial strength · tick = 2023
Weak
Solvency 51-14
equity 25.5% of total assets
Liquidity 64-19
short-term debt 37.4% · cash 25.2%
Profitability 19+1
return on assets -0.1%
Bankruptcy probability, 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (797 companies, NACE 70, medium-sized)
Last 24 months 11-2024: < 0.1% 12-2024: < 0.1%● unchanged vs 11-2024 01-2025: < 0.1%● unchanged vs 12-2024 02-2025: < 0.1%● unchanged vs 01-2025lowest value 03-2025: < 0.1%● unchanged vs 02-2025lowest value 04-2025: < 0.1%● unchanged vs 03-2025 05-2025: < 0.1%● unchanged vs 04-2025 06-2025: < 0.1%● unchanged vs 05-2025 07-2025: < 0.1%● unchanged vs 06-2025 08-2025: < 0.1%● unchanged vs 07-2025 09-2025: < 0.1%● unchanged vs 08-2025 10-2025: < 0.1%● unchanged vs 09-2025 11-2025: < 0.1%● unchanged vs 10-2025 12-2025: < 0.1%● unchanged vs 11-2025 01-2026: < 0.1%● unchanged vs 12-2025 02-2026: < 0.1%● unchanged vs 01-2026 03-2026: < 0.1%● unchanged vs 02-2026 04-2026: < 0.1%● unchanged vs 03-2026 05-2026: < 0.1%● unchanged vs 04-2026 06-2026: < 0.1%● unchanged vs 05-2026 07-2026: < 0.1%● unchanged vs 06-2026 08-2026: < 0.1%● unchanged vs 07-2026 09-2026: < 0.1%● unchanged vs 08-2026 10-2026: < 0.1%● unchanged vs 09-2026highest value
Credit of up to €1,500,000 on 30-day terms is acceptable
Liquidity ample (current ratio 2.61, compared with 2.67 in 2023; short-term debt: 37.4% and cash: 25.2% of total assets), but 74.5% of the assets are financed with debt.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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, medium-sized): better than 22% on solvency, 90% on liquidity, 10% on profitability and 62% on growth.

The bankruptcy probability was computed on 09-10-2026 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.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.
lowers riskraises riskneutral
lowers risk · Legal form: int'l non-profit association
KBO
raises risk · Figures for financial year 2024 (filed 19-06-2025)
NBB · annual accounts
lowers risk · Sector: Activities of head offices; management consultancy activities (NACE 70)
KBO
lowers risk · Liquidity: current ratio 2.61, cash €16.2m, halved
NBB · annual accounts
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 25% of 8125 sector peers (2024).
NBB · sector comparison
Position among 8125 sector peers
Solvency
better than 25%
← weakest strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 17-06-2025, 44 days ahead of the deadline.
NBB · 8 filings
Deviation from the deadline
2025
not confirmed
2024
44 days early
2023
41 days early
2022
13 days early
2021
6 days early
2020
31 days late
2019
13 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 10 days before the deadline; the sector median (NACE 70) for financial year 2024 is 9 days before the deadline, and 32% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Amendment of the articles · Resignations…Gazette deed
  2. MiscellaneousMerger · Accounting effect ·…
  3. Appointment: Aikaterini Liakopoulou (lid van de…Resignation: Katherine Foster (lid van…

Key points

  • Caution: Among the weakest 7% on net resultsector median €45,462 · 8,127 companies -€84,330 View
  • Positive: Staff rose in 2024from 50.5 FTE to 90.7 FTE ▲ 79.6% View
  • Caution: Accounts not fileddeadline was 31-07-2026 71 days late View
  • Positive: 5 years of growth in a rowturnover 2024: €47.9m 5 years View
  • Branch taken over from EIT FOOD CLC WESTtakeover on 04-08-2025 2025 View
  • EU research moneyEU contribution €311.9m View

By topic

Financials

Financial year
2024
Turnover
€47.9m
Loss
-€84,330
Solvency
25.5%
Turnover▲ 28.2%
Net result
20192024
Go to Financials

Board & ownership

Board
18 members
  • JoVBChair
  • Andrew ThomasDirector
  • KastanjebosrandDirector
  • Michelle WilliamsDirector
  • Paola GiavedoniDirector

and 13 other directors

Go to Board & ownership

Timeline

Events
34
Since
2017
  1. 17-06-2025Annual accounts filed
  2. 31-03-2025Restructuring · Miscellaneous
  3. 20-06-2024Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Int'l non-profit association
Activity
Business and other management consultancyNACE 70200
Founded
15-03-2017
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
57
Purpose
Europa centraal te stellen in een wereldwijde revolutie in de manier waarop voedsel wordt…
Go to Articles of association

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