Active BE 0456.581.275Private limited company

QUALITY FOOD

Kazerneweg(KRU) 23 ·9770 Kruisem, Belgium· 30 yrs active

Sector: Wholesale of meat and meat products, excluding game and poultry (46321)

Conclusion Checked

QUALITY FOOD has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €142k and a net result of €17k. Equity is growing by ~6.8% per year across the filed fiscal years. Its solvency ranks better than 66% of 972 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (very low).

Based on the State Gazette, CBE and 3 annual accounts.

Key figures

Equity	€142k
Net result	€17k
Staff (FTE)	2.6
Better than sector	66%

Financial profile 5 of 5 axes measured · computed by Checked

79 / 100

Exceptional profile, strong across almost every axis.

All 5 axes are computed from data Checked has read.

Health 94

Profitability 60

Solvency 87

Growth 52

Stability 100

Bankruptcy probability (12 mo) Checked model v1 · free

0.5% Very low

0%0,5%1,5%4%10%≥25%

How do we compute this?

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 2 signals

Long-established

Founded in 1995, 30 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Checked score FY 2024 · computed

94 / 100 Excellent

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Indicative credit limit

€13k

estimate, not credit advice

Score history

83 2022

83 2023

94 2024

purely financial, excl. current insolvency signals

Score components

Liquidity Current ratio 1.96 (≥ 1.5) +10

Quick ratio Quick ratio 1.74 (≥ 1.0) +5

Leverage Debt/equity 1.29 (< 2.0) +3

Profitability ROE 12% (≥ 10%) +10

Interest coverage Interest coverage 6.3× (≥ 3×) +8

Profit trend Net profit up YoY +5

Equity growth Equity growing YoY +3

Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.

Financial overview29 NBB filings

Annual accounts filed on 18-07-2025 with the NBB · fiscal year 2024 · abbreviated schema

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

growing Equity: growth of ~6.8%/year over 3 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2024 · NACE 46, Wholesale trade · compared within the same schema type (abbreviated schema)

Metric	This company	Sector median	Position in the sector
Solvency	43.7%	27.2%	better than 66% of 972 sector peers
Net result	€17k	€23k	better than 47% of 972 sector peers
Equity	€142k	€171k	better than 47% of 972 sector peers
Gross operating margin	€246k	€173k	better than 58% of 970 sector peers
Staff costs	€190k	€166k	higher than 53% of 599 sector peers

EBITDA

€39k

-28.0% 22-24

Net profit

€17k

+0.9% 22-24

Cash flow

€25k

-31.1% 22-24

Total assets

€325k

-6.8% 22-24

Equity

€142k

+13.6% 22-24

Working capital

€146k

+6.8% 22-24

Employees (FTE)

3

-53.6% 22-24

Staff costs

€190k

+1.1% 22-24

Income taxes

€8k

-46.5% 22-24

Dividends

€0

-100.0% 22-24

Debt

€183k

-18.1% 22-24

Debt ≤ 1y

€153k

-12.6% 22-24

Debt > 1y

€30k

-36.6% 22-24

Current ratio

1.96

+9.8% 22-24

Quick ratio

1.74

+10.5% 22-24

Solvency

43.7%

+21.8% 22-24

Debt / equity

1.29

-27.9% 22-24

ROE

11.9%

-11.2% 22-24

ROA

5.2%

+8.2% 22-24

Interest coverage

6.29

-60.9% 22-24

Figures by fiscal year and ratios

Highlight YoY changes (±10%)

Fiscal year	2024	2023	2022
Deposit	abbreviated schema	abbreviated schema	micro schema
Revenue	-	-	-
EBITDA	€39k	€54k	€96k
Net profit	€17k	€17k	€57k
Cash flow	€25k	€36k	€77k
Staff costs	€190k	€188k	€142k
Income taxes	€8k	€15k	€15k
Dividends	€0	€17k	€0
Total assets	€325k	€348k	€431k
Equity	€142k	€125k	€125k
Debt	€183k	€223k	€306k
of which ≤ 1y	€153k	€175k	€231k
of which > 1y	€30k	€47k	€73k
Working capital	€146k	€137k	€151k
Employees (FTE)	2.6	5.6	4.4

Note: these years are not on the same basis. The filed schemas differ (abbreviated schema, micro schema), so the columns are not directly comparable.

Ratios (computed)

	2024	2023	2022
Current ratio	1.96	1.79	1.66
Quick ratio	1.74	1.57	1.43
Working capital ratio	45.1%	39.4%	35.1%
Solvency	43.7%	35.9%	29.0%
Debt / equity	1.29	1.79	2.45
Long-term debt ratio	0.21	0.37	0.59
Interest coverage	6.29	16.07	24.03
Gross margin	-	-	-
Net margin	-	-	-
ROA	5.2%	4.8%	13.2%
ROE	11.9%	13.4%	45.5%
EBITDA margin	-	-	-
Days sales outstanding	-	-	-
Days payable outstanding	-	-	-
Inventory turnover	-	-	-
Days inventory (DSI)	-	-	-

Balance-sheet composition 2024

Assets

Fixed assets €26k · 7.9% Current assets €299k · 92.1%

Equity & liabilities

Equity €142k · 43.7% Debt €183k · 56.3%

Full annual accounts (25 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2024	2023	2022
Balance sheet, Assets
TOTAL ASSETS	20/58	€325k	€348k	€431k
Fixed assets	21/28	€26k	€37k	€49k
Tangible fixed assets	22/27	€21k	€32k	€44k
Financial fixed assets	28	€4k	€4k	€4k
Current assets	29/58	€299k	€312k	€382k
Stocks & contracts in progress	3	€34k	€37k	€53k
Amounts receivable within one year	40/41	€241k	€211k	€238k
Cash & bank	54/58	€24k	€63k	€91k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€325k	€348k	€431k
Equity	10/15	€142k	€125k	€125k
Contributions / capital	10/11	€19k	€19k	€19k
Reserves	13	€123k	€106k	€106k
Accumulated profits (losses)	14	€0	€0	€0
Amounts payable	17/49	€183k	€223k	€306k
Amounts payable after one year	17	€30k	€47k	€73k
Amounts payable within one year	42/48	€153k	€175k	€231k
Trade debts payable within one year	44	€99k	€103k	€110k
Income statement
Gross operating margin	9900	€246k	€244k	€248k
Operating result	9901	€31k	€35k	€76k
Financial income	75	€69	€175	€3
Financial charges	65	€6k	€3k	€4k
Result before taxes	9903	€25k	€31k	€72k
Income taxes	67/77	€8k	€15k	€15k
Net result for the period	9904	€17k	€17k	€57k
Result to be appropriated	9905	€17k	€17k	€57k

Directors & mandates 2 directors

Current directors & mandates

Johan Hoste
Director
State Gazette act 24317489 (10-01-2024)

Current
10-01-2024 → present
Youri Hoste
Director
State Gazette act 24317489 (10-01-2024)

Current
10-01-2024 → present
2 events
- 10-01-2024 Appointed· Director
- 10-01-2024 Resigned· Statutair zaakvoerder

Legal Structure

NACE primary	Wholesale of meat and meat products, excluding game and poultry(46321)
Legal form	Private limited company(610)
Incorporation	18-12-1995
Status	Active
Postal code	9770

Establishment units 1 location

Kazerneweg(KRU) 23, 9770 Kruisem

Air transport

since 19952.074.427.845

Real-estate footprint Source: CBE × cadastre

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
45017A1137/00N000	Flanders	1.3 ha	1 · 179 m²	8.2 m · 2 fl.

Methodology

via registered seat: 1

1 of 1 parcel with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Updates 11 events

All 12Financial 1Gazette 1Filings 10

2025

18-07

NBB filing Annual accounts filed

fiscal year 2024 · abbreviated schema

2024

05-06

NBB filing Annual accounts filed

fiscal year 2023 · abbreviated schema

10-01

State Gazette act Director changes

Alexandra Ghekiere

2023

31-12

Financial Weakest financial yearnet €17k ▼70.4%

Net result drops to €17k, the lowest in the series; recovery starts the following year.

19-06

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

2022

08-06

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

2021

08-07

NBB filing Annual accounts filed

fiscal year 2020 · micro schema

2020

06-07

NBB filing Annual accounts filed

fiscal year 2019 · micro schema

2019

28-08

NBB filing Annual accounts filed

fiscal year 2018 · abbreviated schema · 28 days late

2018

11-06

NBB filing Annual accounts filed

fiscal year 2017 · abbreviated schema

2017

31-05

NBB filing Annual accounts filed

fiscal year 2016 · abbreviated schema

2016

13-06

NBB filing Annual accounts filed

fiscal year 2015 · abbreviated schema

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Belgian State Gazette reading coverage 0 of 2 acts read

We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Belgisch Staatsblad, acts 1 acts

All acts · 1 updated 2 years ago

2024

10-01-2024 2 directors appointed, 1 resigning Director changes·Alexandra Ghekiere

Youri Hoste, Bestuurder
Johan Hoste, Bestuurder
Youri Hoste, Statutair zaakvoerder

Notary: Alexandra Ghekiere · Dentergem

Original publication ↗

Technical details

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Credit advice verdict per customer and amount

Company registry (CBE) Crossroads Bank

Activities

Wholesale of meat and meat products, excluding game and poultry4632151321Wholesale of other food products46389Retail sale of meat and meat products, excluding game and poultry47221Other retail sale of food47279Retail trade47299513845222052272

Names & trade names

Legal nameNL

QUALITY FOOD

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