TASTE DEVELOPMENT
ActiveSummary
TASTE DEVELOPMENT has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.87M and a net result of €920k. Equity is growing by ~8.2% per year across the filed fiscal years. Its solvency ranks better than 85% of 4886 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+2
Solvency100▲+17
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €270k at 30 days acceptable
Liquidity ample (current ratio 4.06 against 1.9 in 2024; short-term debt: 19.4% and cash: 50.2% of total assets), and 20.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six 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
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
79.8%
Return on assets
25.6%
Age of the figures
9 mo
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 →
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 26-05-2026, 66 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
66 d early
2024
65 d early
2023
70 d early
2022
62 d early
2021
45 d early
2020
44 d early
2019
7 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 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€920k▲ 16.0%
2024 · €793k
Working capital
€2.13M▲ 83.4%
2024 · €1.16M
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€965k▲ 28.5%€1.26M▲ 30.1%€933k▼ 25.7%€1.07M▲ 14.7%€1.21M▲ 13.0%
Net result€706k▲ 34.7%€939k▲ 32.9%€691k▼ 26.4%€793k▲ 14.9%€920k▲ 16.0%
Equity€1.60M▲ 0.5%€1.83M▲ 14.4%€2.03M▲ 10.5%€1.96M▼ 3.3%€2.87M▲ 46.5%
Total assets€3.01M▲ 5.2%€3.18M▲ 5.7%€2.97M▼ 6.6%€3.36M▲ 13.1%€3.60M▲ 7.2%
Debt€1.40M▲ 11.2%€1.34M▼ 4.3%€942k▼ 29.9%€1.40M▲ 48.5%€727k▼ 48.0%
Working capital€802k▲ 9.5%€976k▲ 21.6%€1.18M▲ 21.3%€1.16M▼ 1.9%€2.13M▲ 83.4%
Staff (FTE)10.7▼ 3.6%11.3▲ 5.6%10.8▼ 4.4%12.6▲ 16.7%12.6=
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 13% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.60M
Fixed assets
€772k ▼ 14.3%
Current assets
€2.83M ▲ 15.0%
Equity and liabilities €3.60M
Equity
€2.87M ▲ 46.5%
Debt
€727k ▼ 48.0%
Debt's share of the balance-sheet total falls from 41.6% to 20.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€1.34M▲
2024 · €1.24M
Cash flow
€1.06M▲
2024 · €963k
Current ratio
4.06▲
2024 · 1.90
Quick ratio
3.19▲
2024 · 1.44
Debt to equity
0.25▼
2024 · 0.71
ROE
32.0%▼
2024 · 40.5%
ROA
25.6%▲
2024 · 23.6%
Interest coverage
189.55▼
2024 · 191.46
Debt ≤ 1 year
€697k▼
2024 · €1.30M
Debt > 1 year
€30k▼
2024 · €102k
Income taxes
€316k▲
2024 · €278k
Staff costs
€984k▲
2024 · €876k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €697k | €699k | €820k | €876k | €984k | ▲ 12.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €165k | €168k | €159k | €170k | €136k | ▼ 20.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €517 | €486 | €796 | €126 | €694 | ▲ 453% |
| Other operating charges640/8 | €13k | €22k | €23k | €24k | €22k | ▼ 8.8% |
| Non-recurring operating charges66A | €3k | €1k | €1k | €0 | €4k | - |
| Gross operating margin9900 | €1.84M | €2.15M | €1.94M | €2.14M | €2.35M | ▲ 10.0% |
| Operating profit (loss)9901 | €965k | €1.26M | €933k | €1.07M | €1.21M | ▲ 13.0% |
| Financial income75/76B | €8k | €8k | €8k | €8k | €35k | ▲ 321% |
| Recurring financial income75 | €8k | €8k | €8k | €8k | €35k | ▲ 321% |
| Financial charges65/66B | €8k | €9k | €7k | €6k | €7k | ▲ 9.5% |
| Recurring financial charges65 | €8k | €9k | €7k | €6k | €7k | ▲ 9.5% |
| Profit (loss) for the period before taxes9903 | €966k | €1.25M | €933k | €1.07M | €1.24M | ▲ 15.4% |
| Income taxes67/77 | €260k | €316k | €243k | €278k | €316k | ▲ 13.6% |
| Profit (loss) for the period9904 | €706k | €939k | €691k | €793k | €920k | ▲ 16.0% |
| Profit (loss) for the period to be appropriated9905 | €706k | €939k | €691k | €793k | €920k | ▲ 16.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.01M | €3.18M | €2.97M | €3.36M | €3.60M | ▲ 7.2% |
| Fixed assets21/28 | €1.10M | €1.07M | €1.03M | €900k | €772k | ▼ 14.3% |
| Tangible fixed assets22/27 | €1.10M | €1.07M | €1.03M | €891k | €763k | ▼ 14.4% |
| Land and buildings22 | €938k | €906k | €845k | €759k | €673k | ▼ 11.3% |
| Furniture and vehicles24 | €163k | €163k | €181k | €132k | €89k | ▼ 32.6% |
| Financial fixed assets28 | - | - | €9k | €9k | €9k | = |
| Current assets29/58 | €1.91M | €2.11M | €1.94M | €2.46M | €2.83M | ▲ 15.0% |
| Stocks and contracts in progress3 | €643k | €639k | €510k | €590k | €603k | ▲ 2.2% |
| Stocks30/36 | €643k | €639k | €510k | €590k | €603k | ▲ 2.2% |
| Amounts receivable within one year40/41 | €424k | €528k | €402k | €319k | €381k | ▲ 19.2% |
| Trade receivables40 | €345k | €485k | €313k | €297k | €356k | ▲ 19.8% |
| Other amounts receivable41 | €79k | €43k | €89k | €22k | €25k | ▲ 11.6% |
| Cash at bank and in hand54/58 | €829k | €911k | €992k | €1.54M | €1.81M | ▲ 17.6% |
| Deferred charges and accrued income490/1 | €12k | €32k | €32k | €14k | €38k | ▲ 179% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.01M | €3.18M | €2.97M | €3.36M | €3.60M | ▲ 7.2% |
| Equity10/15 | €1.60M | €1.83M | €2.03M | €1.96M | €2.87M | ▲ 46.5% |
| Contributions10/11 | €545k | €545k | €545k | €545k | €545k | = |
| Capital10 | €545k | €545k | €545k | €545k | €545k | = |
| Issued capital100 | €545k | €545k | €545k | €545k | €545k | = |
| Reserves13 | €525k | €525k | €525k | €525k | €525k | = |
| Non-distributable reserves130/1 | €55k | €55k | €55k | €55k | €55k | = |
| Legal reserve130 | €55k | €55k | €55k | €55k | €55k | = |
| Distributable reserves133 | €470k | €470k | €470k | €470k | €470k | = |
| Profit (loss) carried forward14 | €437k | €676k | €877k | €817k | €1.74M | ▲ 113% |
| Investment grants15 | €97k | €89k | €81k | €73k | €65k | ▼ 11.0% |
| Amounts payable17/49 | €1.40M | €1.34M | €942k | €1.40M | €727k | ▼ 48.0% |
| Amounts payable after more than one year17 | €299k | €210k | €190k | €102k | €30k | ▼ 70.8% |
| Financial debts170/4 | €299k | €210k | €190k | €102k | €30k | ▼ 70.8% |
| Amounts payable within one year42/48 | €1.11M | €1.13M | €752k | €1.30M | €697k | ▼ 46.2% |
| Current portion of amounts payable after more than one year42 | €88k | €88k | €90k | €89k | €146k | ▲ 64.5% |
| Financial debts43 | €73k | €74k | €0 | - | - | - |
| Credit institutions430/8 | €73k | €74k | €0 | - | - | - |
| Trade debts44 | €104k | €84k | €96k | €118k | €263k | ▲ 123% |
| Suppliers440/4 | €104k | €84k | €96k | €118k | €263k | ▲ 123% |
| Taxes, remuneration and social security45 | €110k | €71k | €116k | €174k | €289k | ▲ 65.4% |
| Taxes450/3 | €37k | €0 | €18k | €72k | €193k | ▲ 168% |
| Remuneration and social security454/9 | €73k | €71k | €98k | €103k | €96k | ▼ 6.7% |
| Other amounts payable47/48 | €730k | €816k | €450k | €916k | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | €0 | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €706k | €939k | €691k | €793k | €920k | ▲ 16.0% |
| + Depreciation and write-downs630 | €165k | €168k | €159k | €170k | €136k | ▼ 20.2% |
| Operating cash flow (approximation) | €871k | €1.11M | €850k | €963k | €1.06M | ▲ 9.6% |
| Investment in fixed assets (approximation) | - | €-136k | €-124k | €-36k | €-7k | ▲ 80.1% |
| Change in cash | - | €82k | €81k | €544k | €270k | ▼ 50.3% |
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
26-05
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Liquidity doublescurrent ratio 4.06
Current ratio from 1.90 to 4.06; short-term debt falls from €1.30M to €697k.
31-12
Financial
Equity above €2MEq €2.87M ▲46.5%
8 profitable years in a row build equity to €2.87M.
27-05
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
22-05
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Equity above €2MEq €2.03M ▲10.5%
6 profitable years in a row build equity to €2.03M.
30-05
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Highest result since 2018net €939k ▲32.9%
Operating result €1.26M, net result €939k, both a record.
16-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
17-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
24-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Liquidity doublescurrent ratio 2.31
Current ratio from 0.96 to 2.31; short-term debt falls from €852k to €457k.
Show earlier events
14-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
25-05
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
24-05
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 11 acts read
About the unread acts
We know of 11 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
11 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, Seneffe · 1 establishment unit since 1998
Ground area
6,267 m²
Building footprint
879 m²
Volume, LiDAR
5,719 m³
Parcel 52063A0930/00S000, Wallonia · tallest building 8.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
FLAVENCE - TASTE FLAVOUR CREATORS
since 19982.087.815.033
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52063A0930/00S000 | Wallonia | 6,267 m² | 1 · 879 m² | 8.1 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteSeneffe2.087.815.033
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Of 1,425 companies in sector 46389 we hold annual accounts for 853. 343 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded17-07-1998
Fiscal year end31-12
Abbreviation FR
TASTE
Trade name FR
FLAVENCE - TASTE FLAVOUR CREATORS
Activities, NACEBEL 2025
20590Manufacture of chemicals and chemical products
46389Wholesale of other food products
10840Manufacture of food products
10860Manufacture of food products
10890Manufacture of food products
Scores and ratios are computed by Checked and are not a credit decision.