ONIONSPICE
ActiveONIONSPICE has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €21k and a net result of €79k. Equity is growing by ~14.6% per year across the filed fiscal years. Its solvency ranks better than 13% of 7993 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
53
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability77▲+12
Solvency27▼-20
Growth58▼-20
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity short (current ratio 0.61 against 0.82 in 2024; short-term debt: 75.6% and cash: 3.9% of total assets), and 98.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
1.6%
Return on assets
6.3%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 13% of 7993 sector peers (2025).
NBB · sector comparisonPosition among 7993 sector peers
Solvency
better than 13%
← weakest
strongest →
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 28-07-2026, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
3 d early
2024
1 d early
2023
23 d late
2022
3 d early
2021
24 d late
2020
26 d late
2019
26 d late
← before the deadline
after the deadline →
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
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€21k▼ 92.5%
2024 · €275k
2018: €109k
2019: €110k
2020: €86k
2021: €123k
2022: €163k
2023: €222k
2024: €275k
2018 → 2025
Total assets
€1.26M▲ 2.7%
2024 · €1.23M
2018: €1.65M
2019: €1.48M
2020: €1.28M
2021: €1.35M
2022: €1.34M
2023: €1.36M
2024: €1.23M
2018 → 2025
Net result
€79k▲ 48.5%
2024 · €53k
2018: €9k
2019: €916
2020: €-10k
2021: €62k
2022: €40k
2023: €59k
2024: €53k
2018 → 2025
Working capital
€-370k▼ 225%
2024 · €-114k
2018: €-161k
2019: €-165k
2020: €-150k
2021: €-99k
2022: €-455k
2023: €-364k
2024: €-114k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€123k-€163k▲ 32.9%€222k▲ 36.1%€275k▲ 23.9%€21k▼ 92.5%
Operating result€114k-€91k▼ 20.1%€111k▲ 21.4%€121k▲ 9.9%€148k▲ 21.6%
Net result€62k-€40k▼ 34.5%€59k▲ 45.8%€53k▼ 9.7%€79k▲ 48.5%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 22% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.26M
Fixed assets
€678k▼ 6.6%
Current assets
€585k▲ 16.0%
Equity and liabilities €1.26M
Equity
€21k▼ 92.5%
Debt
€1.24M▲ 30.1%
The debt ratio rises from 77.6% to 98.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€229k▲
2024 · €214k
Cash flow
€161k▲
2024 · €146k
Solvency
1.6%▼
2024 · 22.4%
Current ratio
0.61▼
2024 · 0.82
Quick ratio
0.52▼
2024 · 0.68
Debt / equity
60.22▲
2024 · 3.46
ROE
383.0%▲
2024 · 19.3%
ROA
6.3%▲
2024 · 4.3%
Interest coverage
6.19▲
2024 · 4.95
Debt
€1.24M▲
2024 · €954k
Debt ≤ 1 year
€955k▲
2024 · €618k
Debt > 1 year
€287k▼
2024 · €336k
Income taxes
€32k▲
2024 · €25k
Staff costs
€337k▼
2024 · €339k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.23M€1.26M▲
Fixed assets21/28€726k€678k▼
Intangible fixed assets21€1k€750▼
Tangible fixed assets22/27€719k€672k▼
Land and buildings22€621k€585k▼
Plant, machinery and equipment23€77k€73k▼
Furniture and vehicles24€21k€13k▼
Financial fixed assets28€6k€6k=
Current assets29/58€504k€585k▲
Stocks and contracts in progress3€84k€88k▲
Stocks30/36€84k€88k▲
Amounts receivable within one year40/41€336k€447k▲
Trade receivables40€330k€441k▲
Other amounts receivable41€6k€6k▼
Cash at bank and in hand54/58€77k€50k▼
Deferred charges and accrued income490/1€7k-
Equity and liabilities
Total equity and liabilities10/49€1.23M€1.26M▲
Equity10/15€275k€21k▼
Reserves13€275k€21k▼
Distributable reserves133€275k€21k▼
Amounts payable17/49€954k€1.24M▲
Amounts payable after more than one year17€336k€287k▼
Financial debts170/4€336k€287k▼
Amounts payable within one year42/48€618k€955k▲
Current portion of amounts payable after more than one year42€71k€77k▲
Financial debts43€100k€125k▲
Credit institutions430/8€100k€125k▲
Trade debts44€248k€281k▲
Suppliers440/4€248k€281k▲
Taxes, remuneration and social security45€20k€31k▲
Taxes450/3€11k€15k▲
Remuneration and social security454/9€9k€16k▲
Other amounts payable47/48€179k€441k▲
Income statement
Code20242025
Non-recurring operating income76A€0-
Remuneration, social security and pensions62€339k€337k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€92k€82k▼
Other operating charges640/8€17k€12k▼
Non-recurring operating charges66A-€207
Gross operating margin9900€570k€578k▲
Operating profit (loss)9901€121k€148k▲
Financial income75/76B€112€294▲
Recurring financial income75€112€294▲
Financial charges65/66B€43k€37k▼
Recurring financial charges65€43k€37k▼
Profit (loss) for the period before taxes9903€78k€111k▲
Income taxes67/77€25k€32k▲
Profit (loss) for the period9904€53k€79k▲
Profit (loss) for the period to be appropriated9905€53k€79k▲
Appropriation of the result
Profit (loss) to be appropriated9906€53k€79k▲
Transfer from equity791/2-€334k
Transfer to equity691/2€53k€79k▲
To other reserves6921€53k€79k▲
Profit to be distributed694/7-€334k
Return on contributions (dividend)694-€334k
Social balance
Average headcount (FTE)90877.06.0▼
The notes to these accounts (16 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
28-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2018net €79k ▲48.5%
Operating result €148k, net result €79k, both a record.
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
23-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 23 days late
2023
31-12
Financial
Equity above €200kEq €222k ▲36.1%
3 profitable years in a row build equity to €222k.
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Equity above €150kEq €163k ▲32.9%
2 profitable years in a row build equity to €163k.
24-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 24 days late
2021
31-12
Financial
Back to profitnet €62k
Net result €62k after one loss-making year.
31-12
Financial
Equity above €100kEq €123k ▲43.3%
Equity rises from €86k to €123k.
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 26 days late
2020
31-12
Financial
Weakest financial yearnet €-10k ▼1244%
Net result drops to €-10k, the lowest in the series; recovery starts the following year.
26-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 26 days late
2019
19-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 19 days late
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 28 days late
2017
22-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 22 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Ledegem · 2 establishment units since 2003
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.
Nijverheidslaan 148880 LedegemGround area
2,779 m²
Building footprint
1,326 m²
Volume, LiDAR
4,418 m³
2 parcels, Flanders · tallest building 9.0 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
ONIONSPICE
since 20032.148.668.180
Onionspice
since 20132.224.187.432
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36010C0791/00D000 | Flanders | 1,390 m² | 1 · 717 m² | 2.4 m |
| 36010C0729/00C000 | Flanders | 1,389 m² | 1 · 609 m² | 8.9 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels 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
2024 · 1 entry · 169 EUR awarded · 169 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 169 EUR | 169 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 406 companies in sector 46370 we hold annual accounts for 210. 100 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded19-02-2003
Fiscal year end31-12
Activities, NACEBEL
10391Manufacture of food products
15331
46370Wholesale trade
Sources
Crossroads Bank for EnterprisesNational Bank · 23 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.