Overdue debts
The annual accounts state €66,805 of overdue social security (RSZ) debts on 30-06-2025.
The annual accounts state €66,805 of overdue social security (RSZ) debts on 30-06-2025.
Equity fell by 80% in 2 years.
The 2024 and 2025 financial years closed with a loss. 2025 was the heaviest.
€86,625 of the debts are secured on the company's own assets. In 2022 that was €161,602.
The last five annual accounts were filed 2 to 42 days before the end of the period.
Lower net result than 95% of companies in crop and animal production. Sector median €50,877 · 2,075 companies.
The dashed line is the sector median: 0.1% across 5,696 companies (NACE 01, micro).
About 2 in 100 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 01, micro). It does better than 23% of them on solvency, 7% on liquidity, 4% on profitability and 6% 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 moderate class on 30-06-2025, 2.4% 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, 646 companies had the same profile as ENTOFACT has now. Each dot stands for 2 companies, two years later.
Another 0.9% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of ENTOFACT itself: 2.3% 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 646 companies, not a prediction for ENTOFACT. 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.
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity is insufficient, with a current ratio of 0.62 (0.84 in 2024), below 1. Short-term debt is 81.3% and cash 0.1% of total assets. 90.7% 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 29 days before the deadline. In the sector (NACE 01), the median for financial year 2024 was 3 days before the deadline, and 37% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| ENTOFACT Deerlijk | €0.7m | €164,382 | 9.3% | 8 |
| ANIMOUR Grez-Doiceau | €0.5m | €292,742 | 59.1% | 4.5 |
| Descheemaecker Pigeon Center Zoersel | €1.4m | €370,848 | 57.8% | 5.4 |
| ZANIMAUX SHOP Kortrijk | €0.2m | €174,749 | 21.5% | 8.6 |
| BEELGIUM Namur | €0.8m | €251,954 | 4.7% | - |
| HONEYBEEZ Wevelgem | €0.5m | €87,855 | 15.9% | - |
| Team Platteeuw Roeselare | €1.6m | €106,940 | 22.7% | - |
These companies have the same main activity as ENTOFACT: raising of other animals (NACE 01480). They are comparable in size and age: total assets between €167,000 and €1.6m, founded between 2015 and 2021.
ENTOFACT files the abbreviated format. That format states no turnover. The gross margin fell from €221,582 in 2019 to €164,382 in 2025.
CAVAHOLD holds all the shares.
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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