FOOD ASSOCIATES
InactiveInactive; last annual accounts for fiscal year 2024.
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year €-99k
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 08-07-2025, 23 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
23 d early
2023
41 d early
2022
55 d early
2021
54 d early
2020
31 d early
2019
35 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, full schema
Turnover
€371▲ 11.2%
2023 · €334
2018: €536k
2019: €26k
2020: €663
2022: €1k
2023: €334
2018 → 2024
EBIT margin
4537.1%▲ 5118.0pp
2023 · -580.9%
2018: 87.0%
2019: -88.7%
2020: -3718.3%
2022: 156.3%
2023: -580.9%
2018 → 2024
Net result
€-99k▲ 2.1%
2023 · €-101k
2018: €400k
2019: €438k
2020: €-62k
2021: €-26k
2022: €-28k
2023: €-101k
2018 → 2024
Working capital
€155k
2023 · €-38k
2018: €-718k
2019: €-708k
2020: €-983k
2021: €-208k
2022: €-367k
2023: €-38k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€663-€1k€334▼ 72.0%€371▲ 11.2%
Equity€1.43M-€1.40M▼ 1.8%€1.37M▼ 2.0%€1.27M▼ 7.3%€1.18M▼ 7.8%
Operating result€-25k-€4k€2k▼ 52.1%€-2k€17k
Net result€-62k-€-26k▲ 57.3%€-28k▼ 5.8%€-101k▼ 262%€-99k▲ 2.1%
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €17k after a loss of €2k in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €3.71M
Fixed assets
€3.55M =
Current assets
€156k ▼ 37.7%
Equity and liabilities €3.71M
Equity
€1.18M ▼ 7.8%
Debt
€2.54M ▲ 0.2%
Debt's share of the balance-sheet total rises from 66.5% to 68.3%. Equity is lower and debt is higher.
Key figures and ratios
Debt to equity
2.16▲
2023 · 1.99
ROE
-8.4%▼
2023 · -7.9%
ROA
-2.7%▼
2023 · -2.7%
Debt ≤ 1 year
€763▼
2023 · €288k
Debt > 1 year
€2.53M▲
2023 · €2.24M
A ratio outside any meaningful range has been withheld (balance sheet total €3.71M, equity €1.18M).
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 · 2024 against 2023 · 50 lines
Balance sheet
Code20232024
Assets
Total assets20/58€3.80M€3.71M▼
Fixed assets21/28€3.55M€3.55M=
Financial fixed assets28€3.55M€3.55M=
Affiliated companies280/1€3.55M€3.55M=
Participating interests280€3.55M€3.55M=
Current assets29/58€250k€156k▼
Amounts receivable within one year40/41€121k€136k▲
Trade receivables40€334€371▲
Other amounts receivable41€120k€136k▲
Cash at bank and in hand54/58€129k€20k▼
Equity and liabilities
Total equity and liabilities10/49€3.80M€3.71M▼
Equity10/15€1.27M€1.18M▼
Contributions10/11€297k€297k=
Capital10€297k€297k=
Issued capital100€297k€297k=
Reserves13€977k€878k▼
Non-distributable reserves130/1€30k€30k=
Legal reserve130€30k€30k=
Distributable reserves133€947k€848k▼
Amounts payable17/49€2.53M€2.54M▲
Amounts payable after more than one year17€2.24M€2.53M▲
Financial debts170/4€2.24M-
Other loans174€2.24M-
Other amounts payable178/9-€2.53M
Amounts payable within one year42/48€288k€763▼
Current portion of amounts payable after more than one year42€286k-
Trade debts44€115-
Suppliers440/4€115-
Other amounts payable47/48€2k€763▼
Income statement
Code20232024
Operating income70/76A€10k€28k▲
Turnover70€334€371▲
Non-recurring operating income76A€10k€28k▲
Operating charges60/66A€12k€11k▼
Services and other goods61€11k€10k▼
Other operating charges640/8€1k€968▼
Operating profit (loss)9901€-2k€17k▲
Financial income75/76B€3k€1k▼
Recurring financial income75€3k€1k▼
Income from current assets751-€1k
Other financial income752/9€3k-
Financial charges65/66B€102k€117k▲
Recurring financial charges65€102k€117k▲
Debt charges650€101k€116k▲
Other financial charges652/9€793€716▼
Profit (loss) for the period before taxes9903€-101k€-99k▲
Profit (loss) for the period9904€-101k€-99k▲
Profit (loss) for the period to be appropriated9905€-101k€-99k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-101k€-99k▲
Transfer from equity791/2€101k€99k▼
From reserves792€101k€99k▼
The notes to these accounts (18 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
24-09
State Gazette act
General meeting · Director resignation
Permanent representative · Director appointment
2025
08-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Liquidity times 235current ratio 204.31
Current ratio from 0.87 to 204.31; short-term debt falls from €288k to €763.
21-11
State Gazette act
General meeting · Statutes amendment
Reserve release · Corporate purpose
20-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Weakest financial yearnet €-101k
Net result drops to €-101k, the lowest in the series.
06-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
07-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
04-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 35 days late
07-05
State Gazette act
General meeting · Director resignation
Permanent representative · Director appointment
2019
31-12
Financial
Highest result since 2018net €438k ▲9.6%
Net result €438k, the highest in the series.
Show earlier events
25-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
20-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
19-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
09-05
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Structure & network
Connections & network
2 connected companiesLinked via shared directors
Shared director
→
Shared director
→
Ownership & control
1 board mandateBoard mandates of this companythis company sits on their board1
1 location