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FOODPAIRING

Active
Public limited companyfounded 2009active for 17 yearsOktrooiplein 1, 9000 Gent, BelgiumKBO/BCE: BE 0818.030.890
Summary

The computed 12-month bankruptcy probability of FOODPAIRING is 3.0% (moderate). The 2025 annual accounts show negative equity (-€3.2m) and a net result of -€2.1m. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 10,598 sector peers (NACE 70, financial year 2025). The company has been active since 2009 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Activity
Business and other management consultancy
NACE 70200
1 site
Size
€3.0mtotal assets 2025
Staff
15.2 FTE
Equity
-€3.2m
Loss
-€2.1m
Turnover not published (abbreviated format)
Financial health
48 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
3.0%
Structure
Parent
Siiqoia Ventures · 99.87%
Board
4 members
Holdings
1
  • COTOPAXIChair · permanent representative Wouter Devriendt
  • COUCQUYT PETERManaging director
Accounts 8 days early1 of 15 deeds read
Why 48raises riskNegative equity -€3.2mLoss of €2.1m, the second in a row (financial year 2025)Size: 15.2 FTE, total assets €3.0mlowers riskSector: Activities of head offices; management consultancy activities (NACE 70)Show the evidence

Checked score

Score 2025
48 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 5% of its sector peers (NACE 70, small)
Financial strength · tick = 2024
Weak
Solvency 0=
equity -106.0% of total assets
Liquidity 32-36
short-term debt 48.0% · cash 4.5%
Profitability 0=
return on assets -69.0%
Bankruptcy probability, 12 months
3.0% Moderate
0%0.5%1.5%4%10%≥ 25%

About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (4,511 companies, NACE 70, small)
Last 24 months 11-2024: 0.7% 12-2024: 0.4%▼ -0.3 percentage points vs 11-2024lowest value 01-2025: 0.5%▲ +0.1 percentage points vs 12-2024 02-2025: 1.4%▲ +0.9 percentage points vs 01-2025 03-2025: 1.4%● unchanged vs 02-2025 04-2025: 1.4%● unchanged vs 03-2025 05-2025: 1.4%● unchanged vs 04-2025 06-2025: 1.4%● unchanged vs 05-2025 07-2025: 1.4%● unchanged vs 06-2025 08-2025: 1.4%● unchanged vs 07-2025 09-2025: 1.6%▲ +0.2 percentage points vs 08-2025 10-2025: 1.6%● unchanged vs 09-2025 11-2025: 1.6%● unchanged vs 10-2025 12-2025: 1.7%▲ +0.1 percentage points vs 11-2025 01-2026: 1.8%▲ +0.1 percentage points vs 12-2025 02-2026: 2.6%▲ +0.8 percentage points vs 01-2026 03-2026: 2.6%● unchanged vs 02-2026 04-2026: 2.6%● unchanged vs 03-2026 05-2026: 2.6%● unchanged vs 04-2026 06-2026: 2.6%● unchanged vs 05-2026 07-2026: 2.6%● unchanged vs 06-2026 08-2026: 2.7%▲ +0.1 percentage points vs 07-2026 09-2026: 3.0%▲ +0.3 percentage points vs 08-2026highest value 10-2026: 3.0%● unchanged vs 09-2026highest value
No credit on open account
Liquidity insufficient (current ratio 0.81, compared with 1.4 in 2024; short-term debt: 48% and cash: 4.5% of total assets), and equity is negative.
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, small): better than 1% on solvency, 16% on liquidity, 1% on profitability and 1% on growth.

The bankruptcy probability was computed on 08-10-2026 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 risk+raises risk○neutral
raises risk · Negative equity -€3.2m
NBB · annual accounts
raises risk · Loss of €2.1m, the second in a row (financial year 2025)
NBB · annual accounts
lowers risk · Sector: Activities of head offices; management consultancy activities (NACE 70)
KBO
raises risk · Size: 15.2 FTE, total assets €3.0m
The company's size counts in the probability; how much depends on the rest of its profile.
NBB · annual accounts
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
19202122232425
2019 to 2025 · latest year -€3.2m
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 23-01-2026, 8 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
8 days early
2024
15 days early
2023
on the day
2022
14 days early
2021
42 days early
2020
26 days late
2019
126 days late
← 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 10 days after 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 (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 17 January (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
30-06-2026 year end09-10-2026 today31-01-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Reappointments: Siiqoia Ventures, COUCQUYT PETER and…Permanent representatives: Bernard Lahousse, Peter…
  2. Annual accounts filedfinancial year 2025 · abbreviated…
  3. Annual accounts filedfinancial year 2024 · abbreviated…

Key points

  • Risk: Negative equityfinancial year 2025: debts exceed assets -€3.2m View
  • Risk: 3 loss-making years in a rowloss financial year 2025 -€2.1m View
  • Caution: Equity fell in 2025from -€1.1m to -€3.2m ▼ 187% View
  • Caution: Among the weakest 5% on solvencysector median 52.7% · 10,598 companies -106.0% View
  • New directorslatest change 26-02-2026 · 4 in office 4 joined View
  • Controlled by Siiqoia Venturesitself parent of 1 companies 99.87% View
  • Positive: Filed on time since financial year 2021accounts within the deadline every year 5 years View
  • Flemish supportawarded 2022 - 2024 €56,905 View

By topic

Financials

Financial year
2025
Total assets
€3.0m
Loss
-€2.1m
Solvency
-106.0%
Total assets▼ 10.3%
Net result
20192025
Go to Financials

Board & ownership

Board
4 members
Parent
Siiqoia Ventures · 99.87%
  • COTOPAXIChair
  • COUCQUYT PETERManaging director
  • GROEIManaging director
  • Siiqoia VenturesDirector
Go to Board & ownership

Timeline

Events
22
Since
2012
Next accounts
by 31-01-2027
  1. 30-06-2024Weakest financial year
  2. 31-01-2024Annual accounts filed
  3. 17-01-2023Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Business and other management consultancyNACE 70200
Founded
25-08-2009
Year ends
30-06
Peppol
Reachable for e-invoices
Go to Company details

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