Result
The result rose in 2025: mostly from a one-off income of €6.7m.
The result rose in 2025: mostly from a one-off income of €6.7m.
Green is investment, beige is depreciation. Land and buildings stand 26.1% higher than in 2024.
Six of the last ten came late. The 2021 accounts came latest: 61 days after the end of the period.
4 restructurings since 2025. Latest: merger with TASTE INVEST.
Higher net result than 95% of companies in real estate. Sector median €20,538 · 5,811 companies.
The dashed line is the sector median: 0.2% across 317 companies (NACE 68, large).
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 68, large). It does better than 75% of them on solvency, 39% on liquidity, 90% on profitability and 87% on growth.
The bankruptcy probability was computed on 06-11-2026 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).
In July 2024, 321 companies had the same profile as TASTE INVEST has now. Each dot is one company, two years later.
That fits the bankruptcy probability of TASTE INVEST itself: 0.1% within 12 months.
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 321 companies, not a prediction for TASTE INVEST. 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.
Liquidity is insufficient, with a current ratio of 0.63 (0.47 in 2024), below 1. Short-term debt is 16.3% and cash 2.2% of total assets. 39.4% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 36 days after the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Shares in 3 companies, including TASTE INVEST and IMMOCAMP
Board & ownership| Company | ||||
|---|---|---|---|---|
| TASTE INVEST Antwerp | €93.3m | €10.3m | 60.6% | - |
| Compagnie d'Investissement dans le Secteur Social Frameries | €61.0m | €8.4m | 20.7% | - |
| BLAUWE TOREN Oostkamp | €101.2m | €3.1m | 60.6% | 0 |
| BBR PLUS Sint-Gillis (bij-Brussel) | €58.4m | €4.0m | 19.5% | - |
| Antwerp South Logistics Brasschaat | €74.6m | €4.5m | 51.4% | - |
| HEAT 21 Herentals | €83.2m | €45.3m | 2.4% | - |
| BROUCKERE TOWER INVEST Brussels | €183.4m | €13.4m | 11.9% | 0 |
These companies have the same main activity as TASTE INVEST: buying and selling of own real estate (NACE 68110). They are comparable in size and age: total assets between €58m and €183m, founded between 1988 and 2005.
TASTE INVEST has existed since 1994. The present size dates from 2025. The gross margin rose that year from €3.4m to €10.3m.
Solvency rose in 2025 from 53.7% to 60.6% because of the retained profit.
TASTE PLANTIN holds 99% of the shares. In March 2025, the Official Gazette published the appointment of WAVE MANAGEMENT as managing director.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
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