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PQ BELGIUM

Active
Public limited companyfounded 2009active for 17 yearsHavenlaan 86, 1000 Brussel, BelgiumKBO/BCE: BE 0810.307.316
Summary

PQ BELGIUM has been active since 2009 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€3.9m) and a net result of €13,918. Equity has been shrinking by about 17% per year since 2018. Its solvency ranks better than 5% of 790 sector peers (NACE 10, financial year 2025). The computed 12-month bankruptcy probability is 0.9% (low).

Overview

Official details

Source: KBO
Status
Active since 10-03-2009 Normal situation
Registered office
27 active companies are registered at this address 1 started in the 12 months before. Source: KBO register, as of 2 November 2026.
Activity
Manufacture of food products NACE 10711and 6 others
Joint committee
302 Paritair Comité voor het hotelbedrijf · annual accounts 2025
Establishment units
2.098.057.540 1000 Brussel, since 09-05-2001
2.150.688.255 1050 Brussel, since 01-10-2005and 23 others
Financial year end
31 December
Peppol
Reachable since 17-11-2025

Board and ownership

Board
  • LNF CONSULTDirector · permanent representative Frank Gysbrechts
Shareholders
  • Brunchco 21annual accounts 2025
  • l' Atelier du Pain· score 892025 annual accounts of l' Atelier du Pain

Financial position

54 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
0.9%
Annual accounts 2025
Turnover
€38.3m
▼ 6.9%
Profit
€13,918
▼ 85.1%
Equity
-€3.9m
▲ 0.7%
Total assets
€15.9m
▲ 0.1%
Employees on 31-12-2025
462
▼ 12.0%
  • Negative equity on 31-12-2025
Score breakdownraises riskCapped at 59: negative equityNegative equity -€3.9mSector: Manufacture of food products (NACE 10)lowers riskLiquidity: current ratio 0.77, cash €4.3mSize: turnover €38.3m, 364.1 FTE, total assets €15.9mShow the evidence

Checked score

Score 2025
54 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially stronger than 35% of large companies in food products (NACE 10)
Negative equity caps the score at 59. Every signal that counts is listed under Signals.
Financial strength · tick: 2024
Weak
Solvency 0=
equity -24.7% of total assets
Liquidity 43-1
short-term debt 75.6% · cash 26.9%
Profitability 61+1
return on assets 0.1%
Bankruptcy probability within 12 months
0.9% Low
0%0.5%1.5%4%10%≥ 25%

About 9 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.4% (62 companies, NACE 10, large)
Last 24 months 12-2024: 3.5%highest value 01-2025: 1.7%▼ -1.8 percentage points vs 12-2024 02-2025: 1.7%● unchanged vs 01-2025 03-2025: 1.7%● unchanged vs 02-2025 04-2025: 1.7%● unchanged vs 03-2025 05-2025: 1.7%● unchanged vs 04-2025 06-2025: 1.7%● unchanged vs 05-2025 07-2025: 0.9%▼ -0.8 percentage points vs 06-2025 08-2025: 0.9%● unchanged vs 07-2025 09-2025: 0.9%● unchanged vs 08-2025 10-2025: 0.9%● unchanged vs 09-2025 11-2025: 0.9%● unchanged vs 10-2025 12-2025: 0.9%● unchanged vs 11-2025 01-2026: 0.9%● unchanged vs 12-2025 02-2026: 0.9%● unchanged vs 01-2026 03-2026: 0.9%● unchanged vs 02-2026 04-2026: 0.9%● unchanged vs 03-2026 05-2026: 0.8%▼ -0.1 percentage points vs 04-2026lowest value 06-2026: 0.9%▲ +0.1 percentage points vs 05-2026 07-2026: 0.9%● unchanged vs 06-2026 08-2026: 0.9%● unchanged vs 07-2026 09-2026: 0.9%● unchanged vs 08-2026 10-2026: 0.9%● unchanged vs 09-2026 11-2026: 0.9%● unchanged vs 10-2026
No credit on open account
Liquidity is insufficient, with a current ratio of 0.77 (0.71 in 2024), below 1. Short-term debt is 75.6% and cash 26.9% of total assets. Equity is negative.
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 10, large). It does better than 2% of them on solvency, 79% on liquidity, 34% on profitability and 23% on growth.

The bankruptcy probability was computed on 01-11-2026 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.

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).

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Six signals.
lowers riskraises riskneutral
raises risk · Negative equity -€3.9m
NBB · annual accounts
lowers risk · Liquidity: current ratio 0.77, cash €4.3m
NBB · annual accounts
raises risk · Sector: Manufacture of food products (NACE 10)
KBO
lowers risk · Size: turnover €38.3m, 364.1 FTE, total assets €15.9m
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 790 sector peers (2025).
NBB · sector comparison
Position among 790 sector peers
Solvency
better than 5%
← 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 17-06-2026, 44 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
44 days early
2024
51 days early
2023
125 days late
2022
364 days late
2021
145 days late
2020
59 days late
2019
273 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 124 days after the deadline. In the sector (NACE 10), the median for financial year 2024 was 4 days before the deadline, and 38% 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 4 December (4 of the last 5 accounts filed within 177 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
02-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Risk: Negative equitydebts exceed assets in financial year 2025 -€3.9m View
  • Caution: Lower solvency than 95% of companies in food productssector median 39.7% · 790 companies -24.7% View
  • Result fell in 2025the 2024 profit included a one-off income of €138,203 ▼ 85.1% View

Recent changes

  1. · Gazette deed Reappointment: Forvis Mazars Bedrijfsrevisoren BV - Forvis Mazars Réviseurs d'Entreprises SRL (statutory auditor)Permanent representative: Jurgen Ostyn
  2. · Gazette deed Resignation: XV Lions Advisory (director)Permanent representatives: Xavier Vaesen and Frank Gysbrechts · Appointment: LNF Consult (director)
  3. · Gazette deed Incorporation
All 16 events

Comparable companies

These companies have the same main activity as PQ BELGIUM: manufacture of food products (NACE 10711). They are comparable in size and age: total assets between €9m and €25m, founded between 1991 and 2010.

CompanyTotal assetsTurnover
PQ BELGIUM Brussel€15.9m€38.3m
VANDEMOORTELE EEKLO Eeklo€16.8m€24.1m
TF CO Seneffe€9.0m€26.9m
ECLAIR Zaventem€16.6m€29.3m
LA LORRAINE OOSTENDE Oostende€24.7m€46.2m
Alysse Food Seneffe€10.0m€25.1m
WOUTERS BROOD & PATISSERIE Kalmthout€14.0m€19.8m
Full comparison

Key facts about PQ BELGIUM

What is the company number of PQ BELGIUM?
The company number of PQ BELGIUM is 0810.307.316. The VAT number is the same number with BE in front: BE 0810.307.316.
Where is PQ BELGIUM based?
The registered office is at Havenlaan 86, 1000 Brussel.Company details
What does PQ BELGIUM do?
According to the KBO register, the main activity is manufacture of food products (NACE 10711).
What is the legal form of PQ BELGIUM?
The legal form of PQ BELGIUM is Public limited company (NV).
When was PQ BELGIUM founded?
PQ BELGIUM was founded on 10-03-2009.
Is PQ BELGIUM still active?
Yes, PQ BELGIUM is an active enterprise in the KBO register.
How many employees does PQ BELGIUM have?
PQ BELGIUM had an average of 364.1 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
Which joint committee does PQ BELGIUM fall under?
In its 2025 annual accounts, PQ BELGIUM states joint committee 302 (Paritair Comité voor het hotelbedrijf).
What is the turnover of PQ BELGIUM?
The turnover of PQ BELGIUM was €38.3m in financial year 2025, according to the filed annual accounts.
Is PQ BELGIUM profitable?
In financial year 2025, PQ BELGIUM made a profit of €13,918.
Where can I find the annual accounts of PQ BELGIUM?
PQ BELGIUM filed 17 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of PQ BELGIUM due?
PQ BELGIUM must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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