FIVE FOOD
ActiveSummary
The computed 12-month bankruptcy probability of FIVE FOOD is 3.6% (moderate). The 2025 annual accounts show negative equity (-€160,226) and a net result of -€98,677. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 11% of 821 sector peers (fiscal year 2025). The company has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-3
Solvency0▼-4
Growth55=
Track record100
Bankruptcy probability, 12 months
3.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.06 against 0.12 in 2024; short-term debt: 169.6% and cash: 1.1% of total assets), and equity is negative.
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Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-69.6%
Return on assets
-42.8%
Age of the figures
15 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 · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year -€160,226
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 26-01-2026, 5 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
5 d early
2024
3 d early
2023
1 d early
2022
11 d early
2021
1 d late
2020
78 d late
2019
65 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 1 day before the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 52% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close27-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
€649,841▲ 23.0%
2023 · €528,242
EBIT margin
-12.6%▼ 2.1pp
2023 · -10.4%
Net result
-€98,677▼ 20.4%
2024 · -€81,949
Working capital
-€366,187▼ 16.9%
2024 · -€313,257
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€235,308€528,242▲ 124%€649,841▲ 23.0%
Operating result€5,830▼ 57.5%-€27,028-€55,113▼ 104%-€81,649▼ 48.1%-€97,376▼ 19.3%
Net result€5,055within the sector's middle half▼ 56.1%-€27,852below the sector's middle half-€55,691below the sector's middle half▼ 100.0%-€81,949below the sector's middle half▼ 47.1%-€98,677▼ 20.4%
EBIT margin-11.5%-10.4%▲ 1.1pp-12.6%▼ 2.1pp
Equity€103,943within the sector's middle half▲ 5.1%€76,091within the sector's middle half▼ 26.8%€20,400within the sector's middle half▼ 73.2%-€61,549below the sector's middle half-€160,226▼ 160%
Total assets€148,863within the sector's middle half▲ 3.8%€395,228within the sector's middle half▲ 165%€329,105within the sector's middle half▼ 16.7%€295,265within the sector's middle half▼ 10.3%€230,345▼ 22.0%
Debt€44,920▲ 1.0%€319,137▲ 610%€308,705▼ 3.3%€356,814▲ 15.6%€390,572▲ 9.5%
Working capital€103,893▲ 5.1%-€229,560-€259,381▼ 13.0%-€313,257▼ 20.8%-€366,187▼ 16.9%
Solvency69.8%above the sector's middle half▲ 0.8pp19.3%within the sector's middle half▼ 50.6pp6.2%within the sector's middle half▼ 13.1pp-20.8%below the sector's middle half▼ 27.0pp-69.6%▼ 48.7pp
Staff (FTE)0.5below the sector's middle half0.9below the sector's middle half▲ 80.0%2.2below the sector's middle half▲ 144%2.9below the sector's middle half▲ 31.8%2.3▼ 20.7%
above
within
below
the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €97,376 in 2025 against €81,649 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €230,345
Fixed assets
€205,961 ▼ 18.5%
Current assets
€24,385 ▼ 42.7%
Key figures and ratios
EBITDA
-€25,613▼
2024 · -€19,116
Cash flow
-€26,914▼
2024 · -€19,416
Current ratio
0.06▼
2024 · 0.12
Debt to equity
-2.44▲
2024 · -5.80
ROA
-42.8%▼
2024 · -27.8%
Interest coverage
-21.30▲
2024 · -22.86
Debt ≤ 1 year
€390,572▲
2024 · €355,780
Income taxes
€177▲
2024 · €28
Staff costs
€104,385▼
2024 · €142,583
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,943 companies that looked in July 2024 the way this one looks now, 5.5% went bankrupt within 24 months and 85% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a loss of 10% of the balance sheet or more
5.5%
went bankrupt
8.1%
stopped otherwise
85%
still going
A further 1.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 3.6% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 6,943 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | €235,308 | €528,242 | €649,841 | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €206,078 | €420,242 | €556,741 | - | - |
| Remuneration, social security and pensions62 | - | €39,113 | €117,047 | €142,583 | €104,385 | ▼ 26.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €19,705 | €54,054 | €62,533 | €71,763 | ▲ 14.8% |
| Other operating charges640/8 | - | €267 | €1,118 | €1,276 | €1,019 | ▼ 20.1% |
| Gross operating margin9900 | €19,909 | €32,057 | €117,106 | €124,742 | €79,792 | ▼ 36.0% |
| Operating profit (loss)9901 | €5,830 | -€27,028 | -€55,113 | -€81,649 | -€97,376 | ▼ 19.3% |
| Financial income75/76B | - | €159 | €1,315 | €565 | €78 | ▼ 86.2% |
| Recurring financial income75 | €1,309 | €159 | €1,315 | €565 | €78 | ▼ 86.2% |
| Financial charges65/66B | - | €983 | €1,893 | €836 | €1,203 | ▲ 43.8% |
| Recurring financial charges65 | €24 | €983 | €1,893 | €836 | €1,203 | ▲ 43.8% |
| Profit (loss) for the period before taxes9903 | €7,116 | -€27,852 | -€55,691 | -€81,920 | -€98,500 | ▼ 20.2% |
| Income taxes67/77 | €2,061 | €0 | - | €28 | €177 | ▲ 521% |
| Profit (loss) for the period9904 | €5,055 | -€27,852 | -€55,691 | -€81,949 | -€98,677 | ▼ 20.4% |
| Profit (loss) for the period to be appropriated9905 | €5,055 | -€27,852 | -€55,691 | -€81,949 | -€98,677 | ▼ 20.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €148,863 | €395,228 | €329,105 | €295,265 | €230,345 | ▼ 22.0% |
| Fixed assets21/28 | €50 | €305,757 | €280,041 | €252,743 | €205,961 | ▼ 18.5% |
| Tangible fixed assets22/27 | - | €305,707 | €279,991 | €252,693 | €205,911 | ▼ 18.5% |
| Land and buildings22 | - | €119,854 | €120,756 | €104,485 | €88,219 | ▼ 15.6% |
| Plant, machinery and equipment23 | - | €150,047 | €125,509 | €98,797 | €80,416 | ▼ 18.6% |
| Furniture and vehicles24 | - | €33,571 | €31,233 | €47,600 | €36,148 | ▼ 24.1% |
| Leasing and similar rights25 | - | €2,235 | €2,494 | €1,811 | €1,128 | ▼ 37.7% |
| Financial fixed assets28 | €50 | €50 | €50 | €50 | €50 | = |
| Current assets29/58 | €148,813 | €89,470 | €49,064 | €42,523 | €24,385 | ▼ 42.7% |
| Amounts receivable within one year40/41 | €145,487 | €78,981 | €26,256 | €25,637 | €21,533 | ▼ 16.0% |
| Trade receivables40 | - | €26,942 | €26,078 | €25,460 | €21,533 | ▼ 15.4% |
| Other amounts receivable41 | - | €52,039 | €177 | €177 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €2,662 | €9,445 | €21,895 | €8,263 | €2,645 | ▼ 68.0% |
| Deferred charges and accrued income490/1 | - | €1,044 | €913 | €8,623 | €206 | ▼ 97.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €148,863 | €395,228 | €329,105 | €295,265 | €230,345 | ▼ 22.0% |
| Equity10/15 | €103,943 | €76,091 | €20,400 | -€61,549 | -€160,226 | ▼ 160% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €12,986 | €12,986 | €12,986 | €12,986 | €12,986 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | €11,126 | €11,126 | €11,126 | €11,126 | = |
| Profit (loss) carried forward14 | €72,358 | €44,505 | -€11,186 | -€93,135 | -€191,812 | ▼ 106% |
| Amounts payable17/49 | €44,920 | €319,137 | €308,705 | €356,814 | €390,572 | ▲ 9.5% |
| Amounts payable within one year42/48 | €44,920 | €319,030 | €308,445 | €355,780 | €390,572 | ▲ 9.8% |
| Trade debts44 | €452 | €34,482 | €41,721 | €12,734 | €8,257 | ▼ 35.2% |
| Suppliers440/4 | - | €34,482 | €41,721 | €12,734 | €8,257 | ▼ 35.2% |
| Taxes, remuneration and social security45 | - | €5,711 | €22,466 | €14,115 | €25,004 | ▲ 77.1% |
| Taxes450/3 | - | €267 | €11,289 | €4,630 | €10,807 | ▲ 133% |
| Remuneration and social security454/9 | - | €5,443 | €11,177 | €9,484 | €14,197 | ▲ 49.7% |
| Other amounts payable47/48 | - | €278,837 | €244,258 | €328,931 | €357,310 | ▲ 8.6% |
| Accrued charges and deferred income492/3 | - | €106 | €260 | €1,035 | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5,055 | -€27,852 | -€55,691 | -€81,949 | -€98,677 | ▼ 20.4% |
| + Depreciation and write-downs630 | - | €19,705 | €54,054 | €62,533 | €71,763 | ▲ 14.8% |
| Operating cash flow (approximation) | €5,055 | -€8,147 | -€1,637 | -€19,416 | -€26,914 | ▼ 38.6% |
| Investment in fixed assets (approximation) | - | -€325,412 | -€28,338 | -€35,235 | -€24,981 | ▲ 29.1% |
| Change in cash | - | €6,783 | €12,450 | -€13,633 | -€5,618 | ▲ 58.8% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
26-01
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
30-06
Financial
Weakest financial yearnet -€98,677
Net result drops to -€98,677, the lowest in the series.
28-01
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
30-01
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
20-01
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
01-02
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 1 day late
2021
30-06
Financial
Equity above €100,000Eq €103,943 ▲5.1%
2 profitable years in a row build equity to €103,943.
19-04
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 78 days late
2020
30-06
Financial
Back to profitnet €11,507
Net result €11,507 after one loss-making year.
2019
27-11
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2018
15-11
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
14-03
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 42 days late
2016
01-12
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
6 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, Ciney · 2 establishment units since 2008
Ground area
911 m²
Building footprint
214 m²
2 parcels, Wallonia. Linked by address, not a title deed.
2
companies at this address
See who is registered here
2 establishment units
RectoVerso
since 20082.262.351.091
RectoVerso
since 20222.331.173.779
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 91030A0305/00Z004 | Wallonia | 595 m² | 1 · 76 m² | - |
| 91079B0205/00C002 | Wallonia | 316 m² | 1 · 137 m² | - |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
1 ownerChain of control
Highest known parent: WALITAS. The sources do not say who stands above it.
Owners 1
- GROUPE 3Dparent50.54%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Recognitions · licences · registrations
Food safety, FASFC
1 siteCiney2.262.351.091
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Of 20,505 companies in sector 56111 we hold annual accounts for 11,454. 8,822 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded14-10-2008
Fiscal year end30-06
Activities, NACEBEL 2025
56111Full-service restaurants
56220Contract catering and other food service activities
Contact
Website
www.rectoverso.beCiney
E-mail
contact@rectoverso.beCiney
Phone
+3283330047Ciney
E-mail
compta@five.beCiney
Fax
061/65.88.91Ciney
E-invoicing
Reachable via Peppol
Peppol ID
0208:0807079590
Registered
01-09-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.