Equity
€4.2m from €45.1m in 2008
Equity fell by 91% in 17 years.
FOUNTAIN
Lifetime
20 annual accounts with figures on one time axis, 48 filings since 1978peak €17.9m (2008)
€13.1m▲ 0.5%
lowest -€12.6m (2012)
€146,270▼ 82.8%
peak €45.1m (2008)
€4.2m
€9.7m▼ 3.1%
peak 31.4 FTE (2017)
17.7 FTE▲ 2.9%
Board43 names since 2009all names
8 directorsValor Conseil and 7 others
Owners7 names in the annual accountsall names
33.05%QUAEROQ and 5 others
Documentsfilings and deeds
29-06-202632 days before the deadline
2025financial year
Result from €850,008 to €146,270Appointment: ON (Othilie Nicod) (director) 12-11Reappointment: Sparaxis s.a. (director) 14-07Permanent representatives: Lynn De Proft and De Weghe 12-06Investments €280,893Cash from €365,894 to €698,743
Key points
from the 2025 annual accountsResult
€146,270 ▼ 82.8%
The result fell in 2025 from €850,008 to €146,270.
Securities
€3.4m
Pledge on the business, new in 2025. 81.0% of equity · not in the 2024 accounts.
Staff
17.7 FTE from 31.4 in 2017
Between 2017 and 2025, 44% of the full-time equivalents disappeared.
Payment terms
85 days to suppliers
FOUNTAIN pays its suppliers 11 days later than in 2024. Customers pay 36 days earlier.
Board
1 joined · 1 left
Board changed. Latest change 15-07-2026 · 7 in office.
Standalone figures, without subsidiaries
Checked score
84
Excellent
Financially stronger than 29% of small companies in wholesale trade (NACE 46)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 4,374 companies (NACE 46, small).
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.4%
01-2025: 0.4%● unchanged vs 12-2024
02-2025: 0.4%● unchanged vs 01-2025
03-2025: 0.4%● unchanged vs 02-2025
04-2025: 0.4%● unchanged vs 03-2025
05-2025: 0.5%▲ +0.1 percentage points vs 04-2025
06-2025: 0.5%● unchanged vs 05-2025
07-2025: 0.6%▲ +0.1 percentage points vs 06-2025highest value
08-2025: 0.5%▼ -0.1 percentage points vs 07-2025
09-2025: 0.5%● unchanged vs 08-2025
10-2025: 0.5%● unchanged vs 09-2025
11-2025: 0.5%● unchanged vs 10-2025
12-2025: 0.5%● unchanged vs 11-2025
01-2026: 0.5%● unchanged vs 12-2025
02-2026: 0.5%● unchanged vs 01-2026
03-2026: 0.5%● unchanged vs 02-2026
04-2026: 0.5%● unchanged vs 03-2026
05-2026: 0.5%● unchanged vs 04-2026
06-2026: 0.5%● unchanged vs 05-2026
07-2026: 0.3%▼ -0.2 percentage points vs 06-2026lowest value
08-2026: 0.3%● unchanged vs 07-2026lowest value
09-2026: 0.3%● unchanged vs 08-2026lowest value
10-2026: 0.3%● unchanged vs 09-2026lowest value
11-2026: 0.3%● unchanged vs 10-2026lowest value
Financial strengthWeak
Score breakdown
raises risk
Liquidity: current ratio 0.68, cash €698,743
Sector: Wholesale trade (NACE 46)
lowers risk
Founded in 1972
Legal form: public limited company
Calculation
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 46, small). It does better than 35% of them on solvency, 17% on liquidity, 16% on profitability and 49% on growth.
The bankruptcy probability was computed on 09-11-2026 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 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% 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).
Comparable companies, two years later
In July 2024, 4,685 companies had the same profile as FOUNTAIN has now. Each dot stands for 12 companies, two years later.
97.0%
were still trading
1.9%
stopped another way
1.1%
went bankrupt
That fits the bankruptcy probability of FOUNTAIN itself: 0.3% within 12 months.
Test of the method
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 4,685 companies, not a prediction for FOUNTAIN. 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.
Credit verdict
Credit of up to €340,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.68 (0.69 in 2024), below 1. Short-term debt is 68.7% and cash 5% of total assets. 70.1% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 29-06-2026, 32 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
32 days early
2024
31 days early
2023
42 days early
2022
56 days early
2021
38 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 5 accounts on average 40 days before the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 23 June (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
and 2 others
- QUAEROQ 33.05%equity €55.9m (2025) · annual accounts 2025
- Public Public 30.63%annual accounts 2025
- Frédéric Tiberghien 21.45%annual accounts 2025
Shares in 4 companies, including FOUNTAIN NETHERLANDS HOLDING and Javry
Board & ownershipRecent changes
2 directors appointed, 1 resignation, 2 reappointments
Reappointments: Valor Conseil s.r.l. and Quaeroq b.v. · Permanent representatives: Valérie Clar-Baïssas; Lynn De Proft; Othilie Nicod; Hossein, Christophe, Bernard Razaghi-ASL and Wim Flo · Appointments: Othilie Nicod - Entrepreneur individuel (independent director) and Bernard Razaghi Finance s.r.l · General meeting of 26-05-2026 · Gazette deed
Amendment of the articles
General meeting of 26-05-2026 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0412124393
Appointment: ON (Othilie Nicod) (director)
Board meeting of 12-09-2025 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| FOUNTAIN Braine-l'Alleud | €13.1m | 0.8% | 29.9% | 17.7 |
| JET FRISDRANKEN Menen | €12.8m | 28.6% | 84.8% | 19.3 |
| WIJNHUIS BOLLAERT Merelbeke-Melle | €19.2m | 3.6% | 21.2% | 19.2 |
| BROUWERIJ CORSENDONK - DISTRIBUTIE Turnhout | €18.8m | 0.2% | 15.0% | 13 |
| SCHENK Braine-l'Alleud | €28.6m | 3.1% | 23.0% | 13.1 |
| DE CONINCK Waterloo | €13.9m | 3.4% | 54.4% | 30.1 |
| VAN HENDE Gavere | €14.3m | 16.7% | 71.8% | 11 |
Grey: the largest companies of the sector (wholesale trade (NACE 46)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as FOUNTAIN: wholesale of beverages, general range (NACE 46349). They are comparable in size and age: total assets between €9.1m and €16m, founded between 1962 and 1988.
Official details
Source: KBO- Status
- Active since 23-03-1972Normal situation
- Activity
- Wholesale of beverages, general rangeNACE 46349and 1 other
- Joint committees
- 119Food trade
- 200Auxiliary committee for white-collar workers · annual accounts 2025
- Establishment unit
- 2.102.101.2521420 Braine-l'Alleud, since 01-03-1975
- Financial year end
- 31 December
- Peppol
- Reachable since 23-12-2025
Annual accounts 2025
- €13.9m▼ 1.2%
- Employeeson 31-12-2025
- 19
- Filing
- Filed on 29-06-2026, 32 days before the end of the filing period
Companies linked to FOUNTAIN
Shareholders
- ALYCHLO13.7%
Subsidiaries and holdings
- FOUNTAIN BENELUX0.11%
Insights on FOUNTAIN
FOUNTAIN has existed since 1972. Turnover fell from €17.7m in 2006 to €13.1m in 2025 and staff from 29.5 to 17.7 full-time equivalents.
Turnover has grown every year since 2020.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about FOUNTAIN
- What is the company number of FOUNTAIN?
- The company number of FOUNTAIN is 0412.124.393. The VAT number is the same number with BE in front: BE 0412.124.393.
- Where is FOUNTAIN based?
- The registered office is at Avenue de l'Artisanat 17, 1420 Braine-l'Alleud.Company details
- What does FOUNTAIN do?
- According to the KBO register, the main activity is wholesale of beverages, general range (NACE 46349).
- What is the legal form of FOUNTAIN?
- FOUNTAIN is a public limited company (NV).
- When was FOUNTAIN founded?
- FOUNTAIN was founded on 23-03-1972.
- Is FOUNTAIN still active?
- Yes, FOUNTAIN is an active enterprise in the KBO register.
- How many employees does FOUNTAIN have?
- FOUNTAIN had an average of 17.7 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does FOUNTAIN fall under?
- In its 2025 annual accounts, FOUNTAIN states joint committees 119 (Food trade) and 200 (Auxiliary committee for white-collar workers).
- What is the turnover of FOUNTAIN?
- The turnover of FOUNTAIN was €13.1m in financial year 2025, according to the filed annual accounts.
- Is FOUNTAIN profitable?
- In financial year 2025, FOUNTAIN made a profit of €146,270.
- Where can I find the annual accounts of FOUNTAIN?
- FOUNTAIN filed 77 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of FOUNTAIN due?
- FOUNTAIN must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence See whether the workforce is growing and whether people stay.Employer check Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check See the other companies in the same group.FOUNTAIN · 4 companies
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