FOOD PROJECTS, 33
ActiveSummary
The computed 12-month bankruptcy probability of FOOD PROJECTS, 33 is 1.6% (moderate). The 2025 annual accounts show equity of €118k and a net result of €-89k. Equity is shrinking by ~4.7% per year across the filed fiscal years. Its solvency ranks better than 36% of 13305 sector peers (fiscal year 2025). The company has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
43
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability5▼-49
Solvency39▼-6
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days only on tighter terms
Liquidity short (current ratio 0.88 against 1.22 in 2024; short-term debt: 30% and cash: 17.2% of total assets), and 85.8% 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
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
Sector 56
higher
← fewer bankruptcies
more bankruptcies →
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 · 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
14.2%
Return on assets
-10.7%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 05-06-2026, 56 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
56 d early
2024
58 d early
2023
84 d early
2022
52 d early
2021
47 d early
2020
65 d early
2019
32 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 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€118k▼ 43.3%
2024 · €209k
2018: €126k
2019: €248k
2020: €232k
2021: €414k
2022: €290k
2023: €194k
2024: €209k
2018 → 2025
Total assets
€830k▼ 19.2%
2024 · €1.03M
2018: €955k
2019: €983k
2020: €878k
2021: €996k
2022: €827k
2023: €682k
2024: €1.03M
2018 → 2025
Net result
€-89k
2024 · €28k
2018: €71k
2019: €138k
2020: €-16k
2021: €188k
2022: €166k
2023: €4k
2024: €28k
2018 → 2025
Working capital
€-30k
2024 · €60k
2018: €176k
2019: €327k
2020: €441k
2021: €566k
2022: €412k
2023: €247k
2024: €60k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€414k-€290k▼ 30.0%€194k▼ 33.1%€209k▲ 7.6%€118k▼ 43.3%
Operating result€279k-€257k▼ 8.1%€22k▼ 91.3%€64k▲ 185%€-368k
Net result€188k-€166k▼ 11.4%€4k▼ 97.5%€28k▲ 579%€-89k
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €368k after €64k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €830k
Fixed assets
€612k ▼ 12.3%
Current assets
€218k ▼ 33.9%
Equity and liabilities €830k
Equity
€118k ▼ 43.3%
Debt
€712k ▼ 13.1%
Debt's share of the balance-sheet total rises from 79.7% to 85.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-301k▼
2024 · €124k
Cash flow
€-21k▼
2024 · €88k
Current ratio
0.88▼
2024 · 1.22
Quick ratio
0.65▼
2024 · 1.12
Debt to equity
6.02▲
2024 · 3.92
ROE
-74.8%▼
2024 · 13.4%
ROA
-10.7%▼
2024 · 2.7%
Interest coverage
-9.85▼
2024 · 3.78
Debt ≤ 1 year
€249k▼
2024 · €270k
Debt > 1 year
€463k▼
2024 · €549k
Income taxes
€213▼
2024 · €3k
Staff costs
€109k▲
2024 · €98k
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 · 60 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.03M€830k▼
Fixed assets21/28€697k€612k▼
Tangible fixed assets22/27€665k€612k▼
Land and buildings22€607k€567k▼
Plant, machinery and equipment23€34k€25k▼
Furniture and vehicles24€24k€19k▼
Financial fixed assets28€32k€0▼
Current assets29/58€330k€218k▼
Amounts receivable after more than one year29€201k€0▼
Trade receivables290€201k€0▼
Stocks and contracts in progress3€29k€57k▲
Stocks30/36€29k€57k▲
Amounts receivable within one year40/41€28k€19k▼
Trade receivables40€265€615▲
Other amounts receivable41€28k€18k▼
Cash at bank and in hand54/58€72k€142k▲
Equity and liabilities
Total equity and liabilities10/49€1.03M€830k▼
Equity10/15€209k€118k▼
Contributions10/11€9k€9k=
Reserves13€200k€198k▼
Distributable reserves133€200k€198k▼
Profit (loss) carried forward14€0€-89k▼
Amounts payable17/49€819k€712k▼
Amounts payable after more than one year17€549k€463k▼
Financial debts170/4€549k€463k▼
Amounts payable within one year42/48€270k€249k▼
Current portion of amounts payable after more than one year42€73k€76k▲
Financial debts43€117k€81k▼
Credit institutions430/8€117k€81k▼
Trade debts44€41k€60k▲
Suppliers440/4€41k€60k▲
Advances received on contracts in progress46€17k€9k▼
Taxes, remuneration and social security45€22k€21k▼
Taxes450/3€7k€12k▲
Remuneration and social security454/9€14k€9k▼
Other amounts payable47/48€1k€1k▼
Income statement
Code20242025
Non-recurring operating income76A-€165
Remuneration, social security and pensions62€98k€109k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€60k€67k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€70k€0▼
Other operating charges640/8€5k€6k▲
Non-recurring operating charges66A-€543k
Gross operating margin9900€297k€357k▲
Operating profit (loss)9901€64k€-368k▼
Financial income75/76B€70€342k▲
Recurring financial income75€70€545▲
Non-recurring financial income76B-€341k
Financial charges65/66B€33k€63k▲
Recurring financial charges65€33k€31k▼
Non-recurring financial charges66B-€32k
Profit (loss) for the period before taxes9903€31k€-88k▼
Income taxes67/77€3k€213▼
Profit (loss) for the period9904€28k€-89k▼
Profit (loss) for the period to be appropriated9905€28k€-89k▼
Appropriation of the result
Profit (loss) to be appropriated9906€28k€-89k▼
Transfer from equity791/2€13k€2k▼
Transfer to equity691/2€28k€0▼
To other reserves6921€28k€0▼
Profit to be distributed694/7€13k€2k▼
Return on contributions (dividend)694€13k€2k▼
The notes to these accounts (15 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
05-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €-89k ▼418%
Net result drops to €-89k, the lowest in the series.
03-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €200kEq €209k ▲7.6%
4 profitable years in a row build equity to €209k.
08-05
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
09-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
14-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €188k
Net result €188k after one loss-making year.
27-05
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
01-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 32 days late
2019
31-12
Financial
Equity above €200kEq €248k ▲97.4%
2 profitable years in a row build equity to €248k.
23-05
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
04-05
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
20-12
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Knokke-Heist · 1 establishment unit since 2011
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.
Smedenstraat 338300 Knokke-HeistGround area
207 m²
Building footprint
207 m²
Volume, LiDAR
1,290 m³
Parcel 31333H0642/00F000, Flanders · tallest building 12.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Cuines,33
since 20112.204.707.852
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31333H0642/00F000 | Flanders | 207 m² | 1 · 207 m² | 12.2 m · 2 fl. |
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 · 1 entry · 2,000 EUR awarded · 2,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 2,000 EUR | 2,000 EUR |
Schemes
Hinderpremie bij openbare werken
Recognitions · licences · registrations
Food safety, FASFC
1 siteKnokke-Heist2.204.707.852
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FENGYING
BE 0786.317.929
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Ateljee
BE 1016.946.218
Wuustwezel · Eq €118,324
Brubas
BE 0536.417.027
Brugge · Eq €118,378
ZC Trading
BE 1011.969.425
Antwerpen · Eq €118,207
Of 20,493 companies in sector 56111 we hold annual accounts for 11,461. 9,379 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
Founded12-11-2010
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
56210Event catering
Sources
Crossroads Bank for EnterprisesNational Bank · 14 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.