QUALITY FRESH
ActiveSummary
The computed 12-month bankruptcy probability of QUALITY FRESH is 1.6% (moderate). The 2025 annual accounts show equity of €166k and a net result of €2k. Equity is growing by ~5.8% per year across the filed fiscal years. Its solvency ranks better than 60% of 1554 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability69▼-3
Solvency67▲+2
Growth52=
Track record100
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €11k at 30 days acceptable
Liquidity ample (current ratio 2.55 against 2.11 in 2024; short-term debt: 31.5% and cash: 62% of total assets), but 57.9% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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 10
Relative position
BE, all sectors
reference
Manufacture of food products (NACE 10)
about 60% more bankruptcies
← 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
42.1%
Return on assets
0.4%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 31-03-2026, 30 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
30 d early
2024
13 d early
2023
6 d early
2022
31 d early
2021
44 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€166k▲ 1.0%
2024 · €165k
2021: €122klowest in 5 years
2022: €148k▲ +21.2% vs 2021
2023: €156k▲ +5.0% vs 2022
2024: €165k▲ +6.0% vs 2023
2025: €166k▲ +1.0% vs 2024highest in 5 years
2021 → 2025
Total assets
€396k▼ 3.8%
2024 · €411k
2021: €525k
2022: €539k▲ +2.6% vs 2021highest in 5 years
2023: €423k▼ -21.5% vs 2022
2024: €411k▼ -2.8% vs 2023
2025: €396k▼ -3.8% vs 2024lowest in 5 years
2021 → 2025
Net result
€2k▼ 82.9%
2024 · €9k
2021: €22k
2022: €26k▲ +16.8% vs 2021highest in 5 years
2023: €7k▼ -71.2% vs 2022
2024: €9k▲ +25.1% vs 2023
2025: €2k▼ -82.9% vs 2024lowest in 5 years
2021 → 2025
Working capital
€193k▲ 27.2%
2024 · €152k
2021: €18klowest in 5 years
2022: €64k▲ +254% vs 2021
2023: €103k▲ +59.5% vs 2022
2024: €152k▲ +48.0% vs 2023
2025: €193k▲ +27.2% vs 2024highest in 5 years
2021 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€122k-€148k▲ 21.2%€156k▲ 5.0%€165k▲ 6.0%€166k▲ 1.0%
2021: €122klowest in 5 years
2022: €148k▲ +21.2% vs 2021
2023: €156k▲ +5.0% vs 2022
2024: €165k▲ +6.0% vs 2023
2025: €166k▲ +1.0% vs 2024highest in 5 years
Operating result€27k-€30k▲ 9.8%€11k▼ 63.8%€15k▲ 41.1%€4k▼ 71.9%
2021: €27k
2022: €30k▲ +9.8% vs 2021highest in 5 years
2023: €11k▼ -63.8% vs 2022
2024: €15k▲ +41.1% vs 2023
2025: €4k▼ -71.9% vs 2024lowest in 5 years
Net result€22k-€26k▲ 16.8%€7k▼ 71.2%€9k▲ 25.1%€2k▼ 82.9%
2021: €22k
2022: €26k▲ +16.8% vs 2021highest in 5 years
2023: €7k▼ -71.2% vs 2022
2024: €9k▲ +25.1% vs 2023
2025: €2k▼ -82.9% vs 2024lowest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 72% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €396k
Fixed assets
€77k ▼ 36.4%
Current assets
€318k ▲ 9.9%
Equity and liabilities €396k
Equity
€166k ▲ 1.0%
Debt
€229k ▼ 7.0%
Debt's share of the balance-sheet total falls from 59.9% to 57.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€49k▼
2024 · €77k
Cash flow
€46k▼
2024 · €71k
Current ratio
2.55▲
2024 · 2.11
Debt to equity
1.38▼
2024 · 1.49
ROE
1.0%▼
2024 · 5.7%
ROA
0.4%▼
2024 · 2.3%
Interest coverage
24.84▼
2024 · 30.49
Debt ≤ 1 year
€125k▼
2024 · €137k
Debt > 1 year
€100k▼
2024 · €105k
Income taxes
€746▼
2024 · €3k
Staff costs
€263k▲
2024 · €239k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 48 lines
Balance sheet
Code20242025
Assets
Total assets20/58€411k€396k▼
Fixed assets21/28€122k€77k▼
Intangible fixed assets21€23k€13k▼
Tangible fixed assets22/27€98k€64k▼
Land and buildings22€61k€50k▼
Plant, machinery and equipment23€23k€8k▼
Furniture and vehicles24€14k€7k▼
Current assets29/58€289k€318k▲
Amounts receivable within one year40/41€67k€71k▲
Trade receivables40€67k€69k▲
Other amounts receivable41€199€2k▲
Cash at bank and in hand54/58€221k€245k▲
Deferred charges and accrued income490/1€2k€2k▲
Equity and liabilities
Total equity and liabilities10/49€411k€396k▼
Equity10/15€165k€166k▲
Contributions10/11€100k€100k=
Reserves13€65k€66k▲
Distributable reserves133€65k€66k▲
Amounts payable17/49€246k€229k▼
Amounts payable after more than one year17€105k€100k▼
Financial debts170/4€105k€100k▼
Amounts payable within one year42/48€137k€125k▼
Current portion of amounts payable after more than one year42€21k€5k▼
Trade debts44€43k€43k▼
Suppliers440/4€43k€43k▼
Taxes, remuneration and social security45€35k€32k▼
Taxes450/3€6k€2k▼
Remuneration and social security454/9€28k€29k▲
Other amounts payable47/48€38k€45k▲
Accrued charges and deferred income492/3€4k€4k▲
Income statement
Code20242025
Remuneration, social security and pensions62€239k€263k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€61k€44k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€1k€0▼
Other operating charges640/8€838€1k▲
Non-recurring operating charges66A€0-
Gross operating margin9900€318k€313k▼
Operating profit (loss)9901€15k€4k▼
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€3k€2k▼
Recurring financial charges65€3k€2k▼
Profit (loss) for the period before taxes9903€13k€2k▼
Income taxes67/77€3k€746▼
Profit (loss) for the period9904€9k€2k▼
Profit (loss) for the period to be appropriated9905€9k€2k▼
Appropriation of the result
Profit (loss) to be appropriated9906€9k€2k▼
Transfer to equity691/2€9k€2k▼
To other reserves6921€9k€2k▼
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €150k | €152k | €239k | €263k | ▲ 9.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €83k | €61k | €60k | €61k | €44k | ▼ 27.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €2k | €1k | €0 | ▼ 100% |
| Other operating charges640/8 | - | €587 | €989 | €838 | €1k | ▲ 37.5% |
| Non-recurring operating charges66A | - | - | €2k | €0 | - | - |
| Gross operating margin9900 | €354k | €242k | €228k | €318k | €313k | ▼ 1.8% |
| Operating profit (loss)9901 | €27k | €30k | €11k | €15k | €4k | ▼ 71.9% |
| Financial income75/76B | - | - | €88 | €0 | - | - |
| Recurring financial income75 | - | - | €88 | €0 | - | - |
| Financial charges65/66B | - | €4k | €3k | €3k | €2k | ▼ 22.1% |
| Recurring financial charges65 | €5k | €4k | €3k | €3k | €2k | ▼ 22.1% |
| Profit (loss) for the period before taxes9903 | €22k | €26k | €7k | €13k | €2k | ▼ 81.7% |
| Income taxes67/77 | - | - | - | €3k | €746 | ▼ 78.5% |
| Profit (loss) for the period9904 | €22k | €26k | €7k | €9k | €2k | ▼ 82.9% |
| Profit (loss) for the period to be appropriated9905 | €22k | €26k | €7k | €9k | €2k | ▼ 82.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €525k | €539k | €423k | €411k | €396k | ▼ 3.8% |
| Formation expenses20 | €572 | €102 | €0 | - | - | - |
| Fixed assets21/28 | €261k | €237k | €182k | €122k | €77k | ▼ 36.4% |
| Intangible fixed assets21 | €53k | €43k | €33k | €23k | €13k | ▼ 42.8% |
| Tangible fixed assets22/27 | €208k | €193k | €149k | €98k | €64k | ▼ 34.9% |
| Land and buildings22 | - | €83k | €72k | €61k | €50k | ▼ 18.5% |
| Plant, machinery and equipment23 | - | €71k | €52k | €23k | €8k | ▼ 66.5% |
| Furniture and vehicles24 | - | €39k | €25k | €14k | €7k | ▼ 53.4% |
| Current assets29/58 | €263k | €302k | €241k | €289k | €318k | ▲ 9.9% |
| Amounts receivable within one year40/41 | €118k | €153k | €70k | €67k | €71k | ▲ 6.1% |
| Trade receivables40 | - | €152k | €69k | €67k | €69k | ▲ 3.8% |
| Other amounts receivable41 | - | €960 | €829 | €199 | €2k | ▲ 781% |
| Cash at bank and in hand54/58 | €145k | €149k | €171k | €221k | €245k | ▲ 11.2% |
| Deferred charges and accrued income490/1 | - | - | - | €2k | €2k | ▲ 1.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €525k | €539k | €423k | €411k | €396k | ▼ 3.8% |
| Equity10/15 | €122k | €148k | €156k | €165k | €166k | ▲ 1.0% |
| Contributions10/11 | - | €100k | €100k | €100k | €100k | = |
| Reserves13 | €22k | €48k | €56k | €65k | €66k | ▲ 2.5% |
| Distributable reserves133 | - | €48k | €56k | €65k | €66k | ▲ 2.5% |
| Amounts payable17/49 | €403k | €390k | €267k | €246k | €229k | ▼ 7.0% |
| Amounts payable after more than one year17 | €157k | €151k | €127k | €105k | €100k | ▼ 5.2% |
| Financial debts170/4 | - | €151k | €127k | €105k | €100k | ▼ 5.2% |
| Amounts payable within one year42/48 | €245k | €238k | €138k | €137k | €125k | ▼ 9.2% |
| Current portion of amounts payable after more than one year42 | - | €24k | €25k | €21k | €5k | ▼ 75.9% |
| Trade debts44 | €181k | €167k | €67k | €43k | €43k | ▼ 0.6% |
| Suppliers440/4 | - | €167k | €67k | €43k | €43k | ▼ 0.6% |
| Advances received on contracts in progress46 | - | €108 | €0 | - | - | - |
| Taxes, remuneration and social security45 | - | €3k | €15k | €35k | €32k | ▼ 8.6% |
| Taxes450/3 | - | €19 | €0 | €6k | €2k | ▼ 62.4% |
| Remuneration and social security454/9 | - | €3k | €15k | €28k | €29k | ▲ 2.9% |
| Other amounts payable47/48 | - | €43k | €32k | €38k | €45k | ▲ 17.3% |
| Accrued charges and deferred income492/3 | - | €2k | €3k | €4k | €4k | ▲ 25.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €22k | €26k | €7k | €9k | €2k | ▼ 82.9% |
| + Depreciation and write-downs630 | €83k | €61k | €60k | €61k | €44k | ▼ 27.8% |
| Operating cash flow (approximation) | €105k | €87k | €68k | €71k | €46k | ▼ 35.0% |
| Investment in fixed assets (approximation) | - | €-36k | €-6k | €-1k | €0 | ▲ 100% |
| Change in cash | - | €4k | €22k | €50k | €25k | ▼ 50.2% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
10-09
State Gazette act
Resignation: Koenraad Grymonprez (director)2 facts ▸
State Gazette act
Resignation: Koenraad Grymonprez (director)
2 facts ▸
- General meeting, 19-05-2026
- Director resignation, Koenraad Grymonprez (director)
31-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Weakest financial yearnet €2k ▼82.9%
Net result drops to €2k, the lowest in the series.
17-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
24-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Equity above €150kEq €156k ▲5%
3 profitable years in a row build equity to €156k.
30-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Highest result since 2021net €26k ▲16.8%
Operating result €30k, net result €26k, both a record.
17-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 2 acts read
About the unread acts
Of the 2 Belgian State Gazette acts we know for this company, 1 has been read. The other one has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
no sitting director, last change in 2026
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
19-05-2026
Resigned as Director
Not every act has been read: a resignation may be missing here
1 of this company's 2 Belgian State Gazette acts has not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Ledegem · 1 establishment unit since 2019
Ground area
8,768 m²
Building footprint
2,923 m²
Volume, LiDAR
17,672 m³
Parcel 36018B0928/00V000, Flanders · tallest building 8.2 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
’t Mandeke
since 20192.297.467.170
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36018B0928/00V000 | Flanders | 8,768 m² | 1 · 2,923 m² | 8.2 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel 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
2022 · 1 entry · 2,663 EUR awarded · 2,663 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 2,663 EUR | 2,663 EUR |
Schemes
Vlaams opleidingsverlof (VOV)
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Of 75 companies in sector 10311 we hold annual accounts for 57. 32 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded20-12-2019
Fiscal year end30-09
Activities, NACEBEL 2025
10311Manufacture of food products
46110Wholesale trade
46170Agents in the wholesale of food, beverages and tobacco
46180Agents specialised in the wholesale of other particular products
82990Other business support services
Scores and ratios are computed by Checked and are not a credit decision.