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SPECIAL FRUIT

Active
Public limited companyfounded 199036 yrs activeEuropastraat 36, 2321 Hoogstraten, BelgiumKBO/BCE: BE 0440.429.389
Summary

SPECIAL FRUIT has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €5.4m and a net result of €2.0m. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 24% of 5113 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).

Checked score

Score 2025
Axes · tick = 2024
Profitability61=
Solvency47▲+6
Growth53=
Track record100
Bankruptcy probability, 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €320,000 at 30 days acceptable
Liquidity tight (current ratio 1.37 against 1.24 in 2024; short-term debt: 60.8% and cash: 1.4% of total assets), and 78.3% of the assets are financed with debt.
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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 date
Age against the risk zone
highest failure risk from 2 to 8 years 36 years 0 40 y
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
21.7%
Return on assets
8.1%
Age of the figures
9 mo
raises risk · Multiple establishment units
Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.
KBO · establishment units
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
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
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 5113 sector peers (2025).
NBB · sector comparison
Position among 5113 sector peers
Solvency
better than 24%
← weakest strongest →
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025
Equity per financial year
1819202122232425
2018 to 2025 · latest year €5.4m
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 05-06-2026, 56 days ahead of the deadline.
NBB · 8 filings
Deviation from the deadline
2025
56 d early
2024
26 d early
2023
28 d early
2022
54 d early
2021
23 d early
2020
2 d early
2019
31 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 31 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.

Checked, nothing found (2)
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. Usually files around 4 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

SPECIAL FRUIT was incorporated on 7 April 1990.1 Between 2002 and 2024 the capital was increased 3 times, most recently to EUR 3.2 million.234 The board currently has 4 members; CFMS has served longest, since 2025.5 Revenue grew from EUR 159 million in 2020 to EUR 207 million in 2025 and headcount from 159 to 125 full-time equivalents.6 In 2020 the company was absorbed by merger into Mago Holding.7

  1. 1Crossroads Bank for Enterprises
  2. 2Belgian State Gazette, 19-09-2002
  3. 3Belgian State Gazette, 30-04-2014
  4. 4Belgian State Gazette, 23-02-2024
  5. 5Belgian State Gazette, 30-05-2025
  6. 6National Bank, annual accounts 2020 and 2025
  7. 7Belgian State Gazette, 02-10-2020

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Financials · fiscal year 2025, full schema, statutory accounts

Turnover
€207.0m▲ 4.0%
2024 · €199.1m
EBIT margin
1.1%▲ 0.1pp
2024 · 1.0%
Net result
€2.0m▲ 16.3%
2024 · €1.7m
Working capital
€5.6m▲ 73.7%
2024 · €3.2m
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.

Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Turnover€168.8m▲ 6.6%€161.3m▼ 4.5%€172.1m▲ 6.7%€199.1m▲ 15.7%€207.0m▲ 4.0%
Operating result€508,601▲ 761%-€1.6m-€1.3m▲ 17.5%€2.0m€2.4m▲ 17.8%
Net result€318,133within the sector's middle half-€1.7mbelow the sector's middle half-€1.2mbelow the sector's middle half▲ 29.0%€1.7mabove the sector's middle half€2.0mabove the sector's middle half▲ 16.3%
EBIT margin0.3%▲ 0.3pp-1.0%▼ 1.3pp-0.7%▲ 0.2pp1.0%▲ 1.8pp1.1%▲ 0.1pp
Equity€1.7mwithin the sector's middle half▲ 22.8%€19,122below the sector's middle half▼ 98.9%€1.6mwithin the sector's middle half▲ 8,520%€3.4mwithin the sector's middle half▲ 104%€5.4mwithin the sector's middle half▲ 59.4%
Total assets€22.0mabove the sector's middle half▲ 26.0%€17.5mabove the sector's middle half▼ 20.3%€21.1mabove the sector's middle half▲ 20.2%€21.0mabove the sector's middle half▼ 0.6%€24.8mabove the sector's middle half▲ 18.2%
Debt€20.3m▲ 26.3%€17.5m▼ 13.6%€19.1m▲ 9.3%€17.6m▼ 8.1%€19.4m▲ 10.4%
Working capital€3.9mabove the sector's middle half▲ 41.4%€1.4mwithin the sector's middle half▼ 62.9%-€625,688below the sector's middle half€3.2mwithin the sector's middle half€5.6mabove the sector's middle half▲ 73.7%
Solvency7.8%below the sector's middle half▼ 0.2pp0.1%below the sector's middle half▼ 7.7pp7.8%below the sector's middle half▲ 7.7pp16.1%below the sector's middle half▲ 8.2pp21.7%below the sector's middle half▲ 5.6pp
Current ratio1.24within the sector's middle half▲ 0.021.10below the sector's middle half▼ 0.140.96below the sector's middle half▼ 0.141.24within the sector's middle half▲ 0.281.37within the sector's middle half▲ 0.13
Return on assets (ROA)1.4%within the sector's middle half▲ 2.1pp-9.7%below the sector's middle half▼ 11.1pp-5.7%below the sector's middle half▲ 4.0pp8.2%within the sector's middle half▲ 13.9pp8.1%within the sector's middle half▼ 0.1pp
Staff (FTE)157.3above the sector's middle half▼ 0.8%152above the sector's middle half▼ 3.4%140.2above the sector's middle half▼ 7.8%125.3above the sector's middle half▼ 10.6%125above the sector's middle half▼ 0.2%
above within below the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Why a figure moved sharply
  • 2024 Equity +104% on 2023. Capital increase of €2,833,281 (Official Gazette 23-02-2024).
Result per fiscal year
Operating resultNet result
-€2.0m€0€2.0mOperating result 2021: €508,601€508,601Net result 2021: €318,133€318,133Operating result 2022: -€1.6m-€1.6mNet result 2022: -€1.7m-€1.7mOperating result 2023: -€1.3m-€1.3mNet result 2023: -€1.2m-€1.2mOperating result 2024: €2.0m€2.0mNet result 2024: €1.7m€1.7mOperating result 2025: €2.4m€2.4mNet result 2025: €2.0m€2.0m20212022202320242025-€2m-€1m€0€1m€2mOperating result 2023: -€1.3m-€1.3mNet result 2023: -€1.2m-€1.2mOperating result 2024: €2.0m€2mNet result 2024: €1.7m€1.7mOperating result 2025: €2.4m€2.4mNet result 2025: €2.0m€2m202320242025
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 18% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €24.8m
Fixed assets €4.1m ▼ 8.2%
Current assets €20.7m ▲ 25.4%
Equity and liabilities €24.8m
Equity €5.4m ▲ 59.4%
Debt €19.4m ▲ 10.4%
Debt's share of the balance-sheet total falls from 83.9% to 78.3%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€2.9m▲
2024 · €2.7m
Cash flow
€2.5m▲
2024 · €2.4m
Quick ratio
1.13▲
2024 · 1.02
Debt to equity
3.62▼
2024 · 5.22
ROE
37.3%▼
2024 · 51.0%
Interest coverage
13.96▲
2024 · 7.41
Debt ≤ 1 year
€15.1m▲
2024 · €13.3m
Income taxes
€623,895▲
2024 · €83,715
Staff costs
€10.0m▲
2024 · €9.8m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 378 companies that looked in July 2024 the way this one looks now, 0.3% went bankrupt within 24 months and 97% are still going.

  • Medium-sized
  • 20 years or older
  • solvency 10 to 30%
  • a profit of 5% of the balance sheet or more
0.3% went bankrupt
2.4% stopped otherwise
97% still going

For this company itself Checked computes a bankruptcy probability of 0.3% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
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%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 378 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 87 lines
Balance sheet Code20242025
Assets
Total assets20/58€21.0m€24.8m▲
Fixed assets21/28€4.4m€4.1m▼
Intangible fixed assets21€511,187€408,627▼
Tangible fixed assets22/27€1.1m€841,287▼
Land and buildings22€37,646€22,274▼
Plant, machinery and equipment23€829,034€643,342▼
Furniture and vehicles24€2,669€1,559▼
Leasing and similar rights25€135,051€89,230▼
Other tangible fixed assets26€100,280€84,882▼
Financial fixed assets28€2.8m€2.8m=
Affiliated companies280/1€2.8m€2.8m=
Participating interests280€2.8m€2.8m=
Companies linked by participating interests282/3€67€67=
Participating interests282€67€67=
Current assets29/58€16.5m€20.7m▲
Stocks and contracts in progress3€2.9m€3.6m▲
Stocks30/36€2.9m€3.6m▲
Raw materials and consumables30/31€1.5m€1.5m▼
Goods purchased for resale34€998,240€1.8m▲
Advance payments36€438,957€308,374▼
Amounts receivable within one year40/41€11.2m€15.1m▲
Trade receivables40€9.7m€14.1m▲
Other amounts receivable41€1.5m€1.1m▼
Current investments50/53€1.0m€1.0m=
Own shares50€1.0m€1.0m=
Cash at bank and in hand54/58€671,109€347,670▼
Deferred charges and accrued income490/1€655,581€542,529▼
Equity and liabilities
Total equity and liabilities10/49€21.0m€24.8m▲
Equity10/15€3.4m€5.4m▲
Contributions10/11€1.7m€1.7m=
Capital10€1.7m€1.7m=
Issued capital100€1.7m€1.7m=
Reserves13€1.1m€1.2m▲
Non-distributable reserves130/1€1.1m€1.2m▲
Legal reserve130€61,072€161,030▲
Own shares acquired1312€1.0m€1.0m=
Tax-exempt reserves132€26,286€26,286=
Profit (loss) carried forward14€500,269€2.4m▲
Amounts payable17/49€17.6m€19.4m▲
Amounts payable after more than one year17€129,106-
Financial debts170/4€129,106-
Leasing and similar obligations172€3,027-
Credit institutions173€126,079-
Amounts payable within one year42/48€13.3m€15.1m▲
Current portion of amounts payable after more than one year42€175,482€129,464▼
Trade debts44€11.8m€13.1m▲
Suppliers440/4€11.8m€13.1m▲
Taxes, remuneration and social security45€1.3m€1.8m▲
Taxes450/3€111,886€640,252▲
Remuneration and social security454/9€1.2m€1.2m▲
Accrued charges and deferred income492/3€4.2m€4.3m▲
Income statement Code20242025
Operating income70/76A€199.5m€207.3m▲
Turnover70€199.1m€207.0m▲
Other operating income74€387,062€217,547▼
Non-recurring operating income76A€43,731€74,373▲
Operating charges60/66A€197.5m€204.9m▲
Goods for resale, raw materials and consumables60€167.9m€174.7m▲
Purchases600/8€167.9m€175.5m▲
Change in stocks: decrease (increase)609€10,937-€797,583▼
Services and other goods61€18.9m€19.6m▲
Remuneration, social security and pensions62€9.8m€10.0m▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€700,573€525,457▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€115,621-€32,283▼
Other operating charges640/8€91,645€91,527▼
Non-recurring operating charges66A€23,766-
Operating profit (loss)9901€2.0m€2.4m▲
Financial income75/76B€381,358€792,063▲
Recurring financial income75€381,358€612,941▲
Income from current assets751€27,091€11,363▼
Other financial income752/9€354,267€601,578▲
Non-recurring financial income76B-€179,121
Financial charges65/66B€589,111€536,566▼
Recurring financial charges65€589,111€536,566▼
Debt charges650€365,911€207,169▼
Other financial charges652/9€223,200€329,397▲
Profit (loss) for the period before taxes9903€1.8m€2.6m▲
Income taxes67/77€83,715€623,895▲
Taxes670/3€90,000€623,895▲
Tax adjustments and reversals of tax provisions77€6,285-
Profit (loss) for the period9904€1.7m€2.0m▲
Transfer from tax-exempt reserves789€6,093-
Profit (loss) for the period to be appropriated9905€1.7m€2.0m▲
Appropriation of the result
Profit (loss) to be appropriated9906€526,599€2.5m▲
Profit (loss) brought forward from the previous period14P-€1.2m€500,269▲
Transfer to equity691/2€26,330€99,958▲
To the legal reserve6920€26,330€99,958▲
Social balance
Average headcount (FTE)9087125.3125.0▼

The notes to these accounts (73 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Operating income70/76A€169.2m€161.8m€172.4m€199.5m€207.3m▲ 3.9%
Turnover70€168.8m€161.3m€172.1m€199.1m€207.0m▲ 4.0%
Own construction capitalised72€82,481-----
Other operating income74€261,285€502,908€344,166€387,062€217,547▼ 43.8%
Non-recurring operating income76A---€43,731€74,373▲ 70.1%
Operating charges60/66A€168.7m€163.4m€173.7m€197.5m€204.9m▲ 3.7%
Goods for resale, raw materials and consumables60€142.3m€137.8m€145.6m€167.9m€174.7m▲ 4.1%
Purchases600/8€142.4m€137.7m€146.0m€167.9m€175.5m▲ 4.5%
Change in stocks: decrease (increase)609-€121,682€107,878-€400,144€10,937-€797,583▼ 7,392%
Services and other goods61€14.8m€14.3m€15.9m€18.9m€19.6m▲ 3.6%
Remuneration, social security and pensions62€10.5m€10.6m€10.9m€9.8m€10.0m▲ 2.5%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€736,959€637,602€623,969€700,573€525,457▼ 25.0%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€284,017-€92,479€115,621-€32,283▼ 128%
Provisions for liabilities and charges: additions (uses and reversals)635/8--€283,313---
Other operating charges640/8€90,879€64,276€113,817€91,645€91,527▼ 0.1%
Non-recurring operating charges66A--€131,639€23,766--
Operating profit (loss)9901€508,601-€1.6m-€1.3m€2.0m€2.4m▲ 17.8%
Financial income75/76B€600,925€569,203€598,896€381,358€792,063▲ 108%
Recurring financial income75€600,925€569,203€598,896€381,358€612,941▲ 60.7%
Income from current assets751€29,907€42,879€21,569€27,091€11,363▼ 58.1%
Other financial income752/9€571,018€526,324€577,327€354,267€601,578▲ 69.8%
Non-recurring financial income76B----€179,121-
Financial charges65/66B€560,193€705,117€513,555€589,111€536,566▼ 8.9%
Recurring financial charges65€560,193€705,117€513,555€589,111€536,566▼ 8.9%
Debt charges650€95,425€109,059€246,385€365,911€207,169▼ 43.4%
Other financial charges652/9€464,767€596,059€267,170€223,200€329,397▲ 47.6%
Profit (loss) for the period before taxes9903€549,333-€1.7m-€1.2m€1.8m€2.6m▲ 45.6%
Income taxes67/77€231,200€8,640€9,000€83,715€623,895▲ 645%
Taxes670/3€231,200€8,640€9,000€90,000€623,895▲ 593%
Tax adjustments and reversals of tax provisions77---€6,285--
Profit (loss) for the period9904€318,133-€1.7m-€1.2m€1.7m€2.0m▲ 16.3%
Transfer from tax-exempt reserves789€6,096€6,096€6,093€6,093--
Profit (loss) for the period to be appropriated9905€324,229-€1.7m-€1.2m€1.7m€2.0m▲ 15.9%
Line20212022202320242025Change
Assets
Total assets20/58€22.0m€17.5m€21.1m€21.0m€24.8m▲ 18.2%
Fixed assets21/28€2.0m€1.8m€4.8m€4.4m€4.1m▼ 8.2%
Intangible fixed assets21€514,700€449,018€532,384€511,187€408,627▼ 20.1%
Tangible fixed assets22/27€1.4m€1.3m€1.4m€1.1m€841,287▼ 23.8%
Land and buildings22€62,017€68,392€53,019€37,646€22,274▼ 40.8%
Plant, machinery and equipment23€668,583€757,423€956,702€829,034€643,342▼ 22.4%
Furniture and vehicles24€1,866€3,038€3,780€2,669€1,559▼ 41.6%
Leasing and similar rights25€558,024€385,801€255,987€135,051€89,230▼ 33.9%
Other tangible fixed assets26€146,476€131,078€115,679€100,280€84,882▼ 15.4%
Financial fixed assets28€107€107€2.8m€2.8m€2.8m=
Affiliated companies280/1--€2.8m€2.8m€2.8m=
Participating interests280--€2.8m€2.8m€2.8m=
Companies linked by participating interests282/3€67€67€67€67€67=
Participating interests282€67€67€67€67€67=
Other financial fixed assets284/8€40€40€40---
Amounts receivable and cash guarantees285/8€40€40€40---
Current assets29/58€20.0m€15.7m€16.3m€16.5m€20.7m▲ 25.4%
Stocks and contracts in progress3€3.5m€2.7m€3.2m€2.9m€3.6m▲ 22.7%
Stocks30/36€3.5m€2.7m€3.2m€2.9m€3.6m▲ 22.7%
Raw materials and consumables30/31€1.0m€1.2m€1.2m€1.5m€1.5m▼ 1.6%
Goods purchased for resale34€1.2m€957,439€1.3m€998,240€1.8m▲ 82.3%
Advance payments36€1.3m€604,044€719,706€438,957€308,374▼ 29.7%
Amounts receivable within one year40/41€14.1m€11.0m€11.3m€11.2m€15.1m▲ 35.3%
Trade receivables40€13.3m€9.4m€10.0m€9.7m€14.1m▲ 45.1%
Other amounts receivable41€847,886€1.6m€1.3m€1.5m€1.1m▼ 27.7%
Current investments50/53€1.0m€1.0m€1.0m€1.0m€1.0m=
Own shares50€1.0m€1.0m€1.0m€1.0m€1.0m=
Cash at bank and in hand54/58€923,136€678,690€266,046€671,109€347,670▼ 48.2%
Deferred charges and accrued income490/1€395,186€326,009€440,544€655,581€542,529▼ 17.2%
Equity and liabilities
Total equity and liabilities10/49€22.0m€17.5m€21.1m€21.0m€24.8m▲ 18.2%
Equity10/15€1.7m€19,122€1.6m€3.4m€5.4m▲ 59.4%
Contributions10/11€347,419€347,419€1.7m€1.7m€1.7m=
Capital10€347,419€347,419€1.7m€1.7m€1.7m=
Issued capital100€347,419€347,419€1.7m€1.7m€1.7m=
Reserves13€1.1m€1.1m€1.1m€1.1m€1.2m▲ 8.8%
Non-distributable reserves130/1€1.1m€1.1m€1.1m€1.1m€1.2m▲ 9.0%
Legal reserve130€34,742€34,742€34,742€61,072€161,030▲ 164%
Own shares acquired1312€1.0m€1.0m€1.0m€1.0m€1.0m=
Tax-exempt reserves132€44,568€38,472€32,379€26,286€26,286=
Profit (loss) carried forward14€241,420-€1.4m-€1.2m€500,269€2.4m▲ 380%
Provisions and deferred taxes16--€283,313---
Provisions for liabilities and charges160/5--€283,313---
Other liabilities and charges164/5--€283,313---
Amounts payable17/49€20.3m€17.5m€19.1m€17.6m€19.4m▲ 10.4%
Amounts payable after more than one year17€961,606€595,493€294,189€129,106--
Financial debts170/4€961,606€595,493€294,189€129,106--
Leasing and similar obligations172€195,182€105,710€7,297€3,027--
Credit institutions173€766,424€489,783€286,892€126,079--
Amounts payable within one year42/48€16.2m€14.3m€16.9m€13.3m€15.1m▲ 13.6%
Current portion of amounts payable after more than one year42€277,593€314,614€301,069€175,482€129,464▼ 26.2%
Trade debts44€14.2m€12.2m€15.0m€11.8m€13.1m▲ 10.9%
Suppliers440/4€14.2m€12.2m€15.0m€11.8m€13.1m▲ 10.9%
Taxes, remuneration and social security45€1.7m€1.8m€1.6m€1.3m€1.8m▲ 43.2%
Taxes450/3€260,982€342,766€82,139€111,886€640,252▲ 472%
Remuneration and social security454/9€1.5m€1.4m€1.6m€1.2m€1.2m▲ 2.3%
Accrued charges and deferred income492/3€3.1m€2.6m€1.9m€4.2m€4.3m▲ 3.5%
Line20212022202320242025Change
Profit (loss) for the period9904€318,133-€1.7m-€1.2m€1.7m€2.0m▲ 16.3%
+ Depreciation and write-downs630€736,959€637,602€623,969€700,573€525,457▼ 25.0%
Operating cash flow (approximation)€1.1m-€1.1m-€580,021€2.4m€2.5m▲ 4.4%
Investment in fixed assets (approximation)--€480,687-€3.6m-€398,850-€159,503▲ 60.0%
Change in cash--€244,447-€412,643€405,063-€323,440▼ 180%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
05-06
NBB filing Annual accounts filed
fiscal year 2025 · full schema
05-05
State Gazette act Resignations: TIBESA, HISTRIO and 5 others
Permanent representatives: Patrick De Schutter, Tom Paemeleire and 8 others · Appointments: Nexus Fruit, SISU Connect and FERKAS · Director discharge32 facts ▸
  • General meeting, 14-04-2026
  • Director resignation, TIBESA (director)
  • Permanent representative, Patrick De Schutter (permanent representative)
  • Director resignation, HISTRIO (director)
  • Permanent representative, Tom Paemeleire (permanent representative)
  • Director resignation, DiMi Solutions (director)
  • Permanent representative, Dirk Veryser (permanent representative)
  • Director resignation, HARMONIE & PARTNERS (director)
  • Permanent representative, Patrick Maes (permanent representative)
  • Director resignation, Moguer Investments (director)
  • Permanent representative, Ben Maes (permanent representative)
  • Director resignation, МАНОО (director)
  • +20 further facts in this act
2025
31-12
Financial Highest result since 2018net €2.0m ▲16.3%
Operating result €2.4m, net result €2.0m, both a record.
31-12
Financial Equity above €5mEq €5.4m ▲59.4%
2 profitable years in a row build equity to €5.4m.
05-07
NBB filing Annual accounts filed
fiscal year 2024 · full schema
30-05
State Gazette act Appointments: FERKAS, CFMS and Harmonie & Partners
Permanent representatives: CELEN Ann Maria Celina, CLAESSENS Marc Constant Cornelia and 2 others · Reappointments: Harmonie & Partners, Moguer Investments and 5 others · Statutes amendment35 facts ▸
  • Board meeting, 24-04-2025
  • General meeting, 08-05-2025
  • Director appointment, FERKAS (day-to-day manager)
  • Permanent representative, CELEN Ann Maria Celina
  • Director appointment, CFMS (day-to-day manager)
  • Permanent representative, CLAESSENS Marc Constant Cornelia
  • Director appointment, Harmonie & Partners (managing director)
  • Permanent representative, Maes Patrick
  • Statutes amendment
  • Board composition, Harmonie & Partners (director)
  • Board composition, Moguer Investments (director)
  • Board composition, Mahoo (director)
  • +23 further facts in this act
2024
31-12
Financial Back to profitnet €1.7m
Net result €1.7m after 2 loss-making years.
31-12
Financial Equity above €2mEq €3.4m ▲104%
Equity rises from €1.6m to €3.4m.
03-07
NBB filing Annual accounts filed
fiscal year 2023 · full schema
23-02
State Gazette act Statutes amendment
Capital increase · Capital decrease · Capital6 facts ▸
  • General meeting, 27-12-2023
  • Capital increase, €2.833.281
  • Capital decrease, €1.448.979
  • Capital, €1.731.721
  • Power of attorney, SPECIAL FRUIT
  • Power of attorney, SPECIAL FRUIT
08-01
State Gazette act Resignation: Maes Investico Comm.Va (director)
Appointment: Mahoo BV (director) · Mandate term · Power of attorney5 facts ▸
  • General meeting, 22-06-2023
  • Director resignation, Maes Investico Comm.Va (director)
  • Director appointment, Mahoo BV (director)
  • Mandate term, tot de algemene vergadering van mei 2029
  • Power of attorney, Bofimas Bv
2023
31-12
Financial Equity above €1mEq €1.6m ▲8,520%
Equity rises from €19,122 to €1.6m.
Show earlier events
07-06
NBB filing Annual accounts filed
fiscal year 2022 · full schema
06-03
State Gazette act Resignation: Ayers Invest BV (director)
Appointments: TIBESA gcv (director) and HISTRIO BV (director) · Permanent representatives: Patrick De Schutter, Paemeleire Tom and Gielen Karel · Director discharge9 facts ▸
  • General meeting, 25-08-2022
  • Director resignation, Ayers Invest BV (director)
  • Director discharge, Ayers Invest BV
  • General meeting, 14-12-2022
  • Director appointment, TIBESA gcv (director)
  • Permanent representative, Patrick De Schutter
  • Director appointment, HISTRIO BV (director)
  • Permanent representative, Paemeleire Tom
  • Permanent representative, Gielen Karel
2022
31-12
Financial Weakest financial yearnet -€1.7m
Net result drops to -€1.7m, the lowest in the series; recovery starts the following year.
31-08
State Gazette act Reappointment: BDO Bedrijfsrevisoren (statutory auditor)
Permanent representatives: Hennie Herijgers, Rigouts Guido and Dirk Lannoo · Resignation: Rigouts & C° bv (director) · Appointment: LVW int BV (director)8 facts ▸
  • General meeting, 22/06/2022
  • Auditor reappointment, BDO Bedrijfsrevisoren
  • Permanent representative, Hennie Herijgers
  • Director resignation, Rigouts & C° bv (director)
  • Permanent representative, Rigouts Guido
  • Director discharge, Rigouts & C° bv
  • Director appointment, LVW int BV (director)
  • Permanent representative, Dirk Lannoo
08-07
NBB filing Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial Back to profitnet €318,133
Net result €318,133 after one loss-making year.
29-07
NBB filing Annual accounts filed
fiscal year 2020 · full schema
2020
02-10
State Gazette act Capital & shares
Capital decrease · Statutes amendment · Merger5 facts ▸
  • General meeting, 30-09-2020
  • Capital decrease, €347.419
  • Statutes amendment
  • Merger, partiële splitsing door overneming
  • General meeting, 18-09-2020
28-07
State Gazette act Reappointments: Maes Investco ComVa, Harmonie & Partners BV and 3 others
Permanent representatives: François Maes, Patrick Maes and 4 others · Resignation: Ben Maes (director) · Appointment: Moguer Investments BV (director)18 facts ▸
  • General meeting, 23-05-2020
  • Director reappointment, Maes Investco ComVa (director)
  • Permanent representative, François Maes
  • Director reappointment, Harmonie & Partners BV (director)
  • Permanent representative, Patrick Maes
  • Director reappointment, Rigouts & C° BV (director)
  • Permanent representative, Guido Rigouts
  • Director reappointment, Ayers Invest BV (director)
  • Permanent representative, Karel Gielen
  • Director reappointment, Dimi Solutions BV (director)
  • Permanent representative, Dirk Verijser
  • Director reappointment, Maes Investco ComVa (managing director)
  • +6 further facts in this act
30-06
NBB filing Annual accounts filed
fiscal year 2019 · full schema
30-06
NBB filing Annual accounts filed
fiscal year 2019 · consolidated
31-01
State Gazette act Permanent representative: Patrick Maes
1 fact ▸
  • Permanent representative, Patrick Maes
16-01
State Gazette act Restructuring
Demerger · Capital decrease · Accounting effect8 facts ▸
  • General meeting, 23-12-2019
  • Demerger, partielle splitsing, 390741
  • Capital decrease, €1.730.991
  • Accounting effect, 01-01-2020
  • Real estate, Perceel industriegrond, 2321 Hoogstraten/Meer, Europastraat 36, sectie F, nummer 254L P0001, 1ha 99a 71ca
  • Real estate, Parking op en met grond en aanhorigheden, 2321 Hoogstraten/Meer, Europastraat 38, sectie F, nummer 254R P0000, 77a 86ca
  • Power of attorney, Bofimas
  • Statutes amendment
2019
31-12
Financial Back to profitnet €112,632
Net result €112,632 after one loss-making year.
19-11
State Gazette act Restructuring
Demerger · Share issue · Accounting effect10 facts ▸
  • Demerger, Partiële splitsing waarbij het Af te Splitsen Gedeelte (non-trading activiteiten, HQ/management, deelnemingen, vastgoed) van SPECIAL FRUIT NV overgaat naar MAGO…
  • Share issue, gewone aandelen op naam zonder vermelding van nominale waarde, 390741
  • Accounting effect, 01-01-2020
  • Real estate, Onroerend goed gelegen te Hoogstraten, 2321, Europastraat 36
  • Real estate, Onroerend goed gelegen te Hoogstraten, 2321, Europastraat 38
  • Approval target date, 23-12-2019
  • Commissioner report waiver, Voorgesteld wordt aan de aandeelhouders om met unanimiteit van stemmen te verzaken aan het opstellen van het verslag van de commissaris (artikel 731 W. Venn. en…
  • Statutes amendment
  • Asset transfer, Deelnemingen in Special Fruit Growing & Licensing NV en Special Fruit Services NV (en hun dochtervennootschappen) overgaan als onderdeel van het Af te Splitsen…
  • Liability transfer, Achtergestelde leningen verstrekt door Patrick Maes en Francois Maes overgaan als onderdeel van het Af te Splitsen Gedeelte
05-07
State Gazette act Reappointment: BDO Bedrijfsrevisoren Burgerlijke CV (statutory auditor)
Permanent representative: Hennie Herijgers3 facts ▸
  • General meeting, 25-05-2019
  • Auditor reappointment, BDO Bedrijfsrevisoren Burgerlijke CV
  • Permanent representative, Hennie Herijgers
18-06
NBB filing Annual accounts filed
fiscal year 2018 · consolidated
28-05
NBB filing Annual accounts filed
fiscal year 2018 · full schema
18-01
State Gazette act Resignation: Maes Patrick (director and managing director)
Appointment: Harmonie & Partners BVBA (director and managing director) · Permanent representative: Maes Patrick · Director discharge5 facts ▸
  • Board meeting, 13-12-2018
  • Director resignation, Maes Patrick (director and managing director)
  • Director discharge, Maes Patrick
  • Director appointment, Harmonie & Partners BVBA (director and managing director)
  • Permanent representative, Maes Patrick
2016
30-08
State Gazette act Reappointment: BDO Bedrijfsrevisoren Burgerlijke CV (statutory auditor)
Permanent representative: Hennie Herijgers3 facts ▸
  • General meeting, 21-05-2016
  • Auditor reappointment, BDO Bedrijfsrevisoren Burgerlijke CV
  • Permanent representative, Hennie Herijgers
2015
13-11
State Gazette act Reappointment: Patrick Maes (managing director)
Resignation: François Maes (director and managing director) · Appointment: Maes Investco Comm.VA (managing director) · Permanent representative: François Maes5 facts ▸
  • Board meeting, 21-10-2015
  • Director reappointment, Patrick Maes (managing director)
  • Director resignation, François Maes (director and managing director)
  • Director appointment, Maes Investco Comm.VA (managing director)
  • Permanent representative, François Maes
04-08
State Gazette act Resignation: MAES FRANCOIS (director and managing director)
Appointment: CVA MAES INVESTCO (director) · Permanent representative: MAES FRANCOIS · Director discharge5 facts ▸
  • General meeting, 23-05-2015
  • Director resignation, MAES FRANCOIS (director and managing director)
  • Director discharge, MAES FRANCOIS
  • Director appointment, CVA MAES INVESTCO (director)
  • Permanent representative, MAES FRANCOIS
2014
01-10
State Gazette act Appointments: AYERS INVEST, DIMI SOLUTIONS and RIGOUTS GUY
Permanent representatives: GIELEN KAREL and VERYSER DIRK6 facts ▸
  • General meeting, 22-08-2014
  • Director appointment, AYERS INVEST (director)
  • Permanent representative, GIELEN KAREL
  • Director appointment, DIMI SOLUTIONS (director)
  • Permanent representative, VERYSER DIRK
  • Director appointment, RIGOUTS GUY (chair)
16-06
State Gazette act Resignation: Rubicon nv (director)
Permanent representatives: Donckels Rik and Rigouts Guido · Reappointments: MAES François, MAES Patrick and 2 others · Director discharge9 facts ▸
  • General meeting, 17-05-2014
  • Director resignation, Rubicon nv (director)
  • Permanent representative, Donckels Rik
  • Director discharge, Rubicon nv
  • Director reappointment, MAES François (director and managing director)
  • Director reappointment, MAES Patrick (director and managing director)
  • Director reappointment, MAES Ben (director)
  • Director reappointment, BVBA RIGOUTS & C° (director)
  • Permanent representative, Rigouts Guido
30-04
State Gazette act Capital & shares · Statutes amendment
Capital increase · Share issue · Capital5 facts ▸
  • General meeting, 18-03-2014
  • Capital increase, €2.000.000
  • Share issue, 590
  • Capital, €2.692.500
  • Statutes amendment
2013
30-07
State Gazette act Reappointment: BDO Bedrijfsrevisoren BV (statutory auditor)
Permanent representative: Henrie Herijgers3 facts ▸
  • General meeting, 18-05-2013
  • Auditor reappointment, BDO Bedrijfsrevisoren BV
  • Permanent representative, Henrie Herijgers
2012
19-11
State Gazette act Capital & shares
Share-buyback authorisation2 facts ▸
  • General meeting, 10-10-2012
  • Share-buyback authorisation, Inkoop van eigen aandelen, Aankoop van 554 aandelen (20% van het totaal aantal aandelen) voor een totale prijs van 1.900.000 EUR
2010
11-08
State Gazette act Reappointment: BDO Bedrijfsrevisoren Burg.CVBA (statutory auditor)
Permanent representative: Herijgers Hennie3 facts ▸
  • General meeting, 15-05-2010
  • Auditor reappointment, BDO Bedrijfsrevisoren Burg.CVBA
  • Permanent representative, Herijgers Hennie
2002
19-09
State Gazette act Reappointment: Bedrijfsrevisor Jan Vanderhoeght (commissaris revisor)
Statutes amendment · Capital · Capital increase7 facts ▸
  • Statutes amendment
  • Statutes amendment
  • Capital, €686.665,06
  • Capital increase, €5.834,94
  • Statutes amendment
  • Statutes amendment
  • Auditor reappointment, Bedrijfsrevisor Jan Vanderhoeght (commissaris revisor)
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
23 of 23 acts read

Directors · office · real estate

Directors
3 directors, 2 in day-to-day management, no change since 2026

Board 3

FERKAS
Director · since 14-04-2026 · Private limited company · perm. rep.: CELEN Ann Maria Celina
Current
Nexus Fruit
Director · since 14-04-2026 · Private limited company · perm. rep.: Guy Reyniers
Current
SISU Connect
Director · since 14-04-2026 · Private limited company · perm. rep.: Elke Vaes
Current
2 not recently confirmed
Still in office according to the acts, but no act of the last six years confirms the mandate. It has often ended since, in an act we have not read.
RIGOUTS GUY
Chair · since 22-08-2014
Not recently confirmed
BVBA RIGOUTS & C°
Director · Legal entity · perm. rep.: Rigouts Guido
Not recently confirmed

Day-to-day management 2

FERKAS
Managing director · since 24-04-2025 · Private limited company · perm. rep.: CELEN Ann Maria Celina
Current
CFMS
Day-to-day manager · since 24-04-2025 · Limited partnership · perm. rep.: CLAESSENS Marc Constant Cornelia
Current
1 not recently confirmed
Still in office according to the acts, but no act of the last six years confirms the mandate. It has often ended since, in an act we have not read.
Maes Investco Comm.VA
Managing director · since 21-10-2015 · Legal entity · perm. rep.: François Maes
Not recently confirmed

Permanent representatives 4

CLAESSENS Marc Constant Cornelia
Permanent representative · since 24-04-2025 · for CFMS
Current
CELEN Ann Maria Celina
Permanent representative · since 14-04-2026 · for FERKAS
Current
Elke Vaes
Permanent representative · since 14-04-2026 · for SISU Connect
Current
Guy Reyniers
Permanent representative · since 14-04-2026 · for Nexus Fruit
Current
2 not recently confirmed
Still in office according to the acts, but no act of the last six years confirms the mandate. It has often ended since, in an act we have not read.
François Maes
Permanent representative · since 21-10-2015 · for Maes Investco Comm.VA
Not recently confirmed
Rigouts Guido
Permanent representative · for BVBA RIGOUTS & C°
Not recently confirmed

Statutory auditor 1

BDO Bedrijfsrevisoren
Auditor · since 18-05-2013 · perm. rep.: Hendrikus Herrijgers
Current
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Hoogstraten · 2 establishment units since 1990
seat establishment All 2 establishment units on the map
Ground area
5.5 ha
Building footprint
1.4 ha
Volume, LiDAR
181,110 m³
2 parcels, Flanders · tallest building 17.0 m, ±5 floors. Linked by address, not a title deed.
3 companies at this address See who is registered here
2 establishment units
Europastraat 36, 2321 Hoogstraten
NACE 51310
since 19902.048.113.824
Special Fruit
Riyadhstraat 35, 2321 HoogstratenWholesale of fruit and vegetables, excluding potatoes
since 20232.351.451.828
2 parcels
Flanders 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
13020F0264/00F000 Flanders 3.5 ha 1 · 6,733 m² 13.4 m · 4 fl.
13020F0254/00L000 Flanders 2.0 ha 1 · 7,302 m² 16.9 m · 5 fl.
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Mandate history

24 people since 2000, 8 in office
Show
  • Board
  • Day-to-day management
  • Statutory auditor
  • not recently confirmed
  • began earlier
Mandates per person, with start and end dates
Name Functions and periods
FERKAS
  • Day-to-day manager, from 24-04-2025 to date
  • Director, from 14-04-2026 to date
Nexus Fruit
  • Director, from 14-04-2026 to date
SISU Connect
  • Director, from 14-04-2026 to date
CFMS
  • Day-to-day manager, from 24-04-2025 to date
BDO Bedrijfsrevisoren
  • Auditor, from 18-05-2013 to date
BVBA RIGOUTS & C°
  • Director, already before 16-06-2014 not ended, last confirmed 16-06-2014
RIGOUTS GUY
  • Chair, from 22-08-2014 not ended, last confirmed 01-10-2014
Maes Investco Comm.VA
  • Managing director, from 21-10-2015 not ended, last confirmed 13-11-2015
DiMi Solutions
  • Director, from 22-08-2014 to 14-04-2026
HARMONIE & PARTNERS
  • Director and managing director, from 13-12-2018 to 14-04-2026
  • Director and managing director, from 13-12-2018 to 14-04-2026
HISTRIO
  • Director, from 14-12-2022 to 14-04-2026
LVW Int.
  • Director, from 23-06-2022 to 14-04-2026
MAHOO
  • Director, from 28-06-2023 to 14-04-2026
Moguer Investments
  • Director, from 23-05-2020 to 14-04-2026
TIBESA
  • Director, from 14-12-2022 to 14-04-2026
MAES ADVIES
  • Director, from 01-05-2015 to 22-06-2023
  • Managing director, already before 28-07-2020 ended, last mentioned 28-07-2020
Ayers Invest
  • Director, from 22-08-2014 to 25-08-2022
RIGOUTS & C°
  • Director, already before 28-07-2020 to 23-06-2022
Ben Maes
  • Director, already before 16-06-2014 to 23-05-2020
Maes Patrick
  • Managing director, already before 03-04-2014 to 13-12-2018
  • Director and managing director, already before 16-06-2014 to 13-12-2018
Francois Maes
  • Director and managing director, already before 16-06-2014 to 30-04-2015
  • Director and managing director, already before 16-06-2014 to 30-04-2015
  • Director and managing director, until 30-04-2015
  • Director and managing director, until 30-04-2015
Rubicon nv
  • Director, until 17-05-2014
BDO Bedrijfsrevisoren Burg.CVBA
  • Auditor, from 15-05-2010 to 18-05-2013
Bedrijfsrevisor Jan Vanderhoeght
  • Commissaris revisor, from 01-09-2000 to 15-05-2010
See the board, name and seat on a given date →

Articles of association

Other statement
Ontslag gedelegeerd bestuurder, einde mandaat als gedelegeerd bestuurder van rechtswege

Structure & network

Owners and holdings

1 owner · 1 holding

Chain of control

  1. Mago Holding 88.4%
  2. SPECIAL FRUIT

Highest known parent: Mago Holding. The sources do not say who stands above it.

Owners 1

Holdings 1

According to the 2025 annual accounts of SPECIAL FRUIT and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

13 connected companies
Linked via shared directors
CAMAL
Shared corporate director
→
CHEESELINE
Shared corporate director
→
DOSSCHE INVEST
Shared corporate director
→
Show 9 more companies with a shared director
FILLIERS & FILLIERS
Shared corporate director
→
FILLIERS DISTILLERY
Shared corporate director
→
Fruit Service Collective
Shared corporate director
→
INCENDIN
Shared corporate director
→
Kaasimport Jan Dupont
Shared corporate director
→
MECCO-GOSSENT
Shared corporate director
→
MG Real Estate
Shared corporate director
→
Milcobel Dairy
Shared corporate director
→
YSCO
Shared corporate director
→

Acquisitions and mergers

2 transactions
Taken over by:Mago Holding
BE 0736.917.908State Gazette act of 02-10-2020
Split off to:Mago Holding
BE 0736.917.908partial demerger · State Gazette act of 16-01-2020 (2 acts) · effective 01-01-2020

Capital and shareholders

Capital over the years
  1. 23-02-2024 Capital increase of 2,833,281 EUR · to 3,180,700 EUR · 1,532 new shares · in kind
  2. 23-02-2024 Capital reduction of 1,448,979 EUR · to 1,731,721 EUR · “aanzuivering van geleden verliezen”
  3. 02-10-2020 Capital reduction · to 347,419 EUR · in a demerger
  4. 16-01-2020 Capital reduction of 1,730,991 EUR · to 961,509 EUR
  5. 30-04-2014 Capital increase of 2,000,000 EUR · to 2,692,500 EUR · 590 new shares · in kind
  6. 19-09-2002 Capital increase of 5,834.94 EUR · to 692,500 EUR · from reserves

Subsidies and aid

Flemish government

2022 to 2025 · 8 entries · 46,486 EUR awarded · 45,078 EUR paid
Year Entries awardedpaid
2025 2 2,737 EUR1,488 EUR
2024 2 5,075 EUR6,016 EUR
2023 2 23,996 EUR22,896 EUR
2022 2 14,678 EUR14,678 EUR
Schemes
4 entries · 34,611 EUR · 34,611 EUR paid · Departement Werk en Sociale Economie
4 entries · 11,875 EUR · 10,467 EUR paid · Fonds voor Innoveren en Ondernemen

Recognitions · licences · registrations

Food safety, FASFC

1 site
Hoogstraten2.048.113.824
2 permissions
Controlepunt · since 25-02-2008
Toelating · Groothandel groenten en fruit · since 01-01-2006

Legal Entity Identifier

5493003MGRGXNJKKRM09
live in the LEI register

Similar companies · same sector, comparable size

Of 957 companies in this sector we hold annual accounts for 610. 263 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Company details

Identification
Legal formPublic limited company
Founded07-04-1990
Fiscal year end31-12
Activities, NACEBEL 2025
46319Wholesale of fruit and vegetables, excluding potatoes
73110Advertising agencies
Contact
E-mail marc.claessens@specialfruit.be
E-invoicing
Reachable via Peppol
Peppol ID 0208:0440429389
Also 9925:BE0440429389
Registered 02-12-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 30 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.