Equity
€2.9m ▲ 46.5%
TASTE DEVELOPMENT has made a profit in every financial year since 2006.
TASTE DEVELOPMENT
Lifetime
20 annual accounts with figures on one time axis, 27 filings since 1999peak €2.4m (2025)
€2.4m▲ 10.0%
peak €938,518 (2022)
€920,284▲ 16.0%
peak €2.9m (2025)
€2.9m▲ 46.5%
€727,064▼ 48.0%
peak 16.4 FTE (2018)
12.6 FTEunchanged
Board9 names since 2017
5 directorsJeremy Holloway and 4 others
Documentsfilings and deeds
26-05-202666 days before the deadline
2025financial year
Equity from €2.0m to €2.9mDebts from €1.4m to €727,064
Key points
from the 2025 annual accountsInvestments
€15,943 0.1 × depreciation
Green is investment, beige is depreciation.
Liquidity
4.06 was 1.90 in 2024
Short-term debts fell from €1.3m to €697,377.
Filings
27 annual accounts since 1999
The last five annual accounts were filed 45 to 70 days before the end of the period.
Board
3 joined · 3 left
Board changed. Latest change 18-12-2025 · 5 in office.
Position in the sector
79.8%
Higher solvency than 85% of companies in wholesale trade. Sector median 45.2% · 6,192 companies.
Checked score
99
Excellent
Financially stronger than 95% of small companies in wholesale trade (NACE 46)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 4,374 companies (NACE 46, small).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%
01-2025: < 0.1%● unchanged vs 12-2024
02-2025: < 0.1%● unchanged vs 01-2025
03-2025: < 0.1%● unchanged vs 02-2025
04-2025: < 0.1%● unchanged vs 03-2025
05-2025: < 0.1%● unchanged vs 04-2025highest value
06-2025: < 0.1%● unchanged vs 05-2025
07-2025: < 0.1%● unchanged vs 06-2025
08-2025: < 0.1%● unchanged vs 07-2025
09-2025: < 0.1%● unchanged vs 08-2025
10-2025: < 0.1%● unchanged vs 09-2025
11-2025: < 0.1%● unchanged vs 10-2025
12-2025: < 0.1%● unchanged vs 11-2025
01-2026: < 0.1%● unchanged vs 12-2025
02-2026: < 0.1%● unchanged vs 01-2026
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: < 0.1%● unchanged vs 03-2026
05-2026: < 0.1%● unchanged vs 04-2026
06-2026: < 0.1%● unchanged vs 05-2026
07-2026: < 0.1%● unchanged vs 06-2026
08-2026: < 0.1%● unchanged vs 07-2026lowest value
09-2026: < 0.1%● unchanged vs 08-2026lowest value
10-2026: < 0.1%● unchanged vs 09-2026lowest value
11-2026: < 0.1%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
lowers risk
Liquidity: current ratio 4.06, cash €1.8m
Founded in 1998
Equity €2.9m (79.8% of total assets)
Profit of €920,284 (financial year 2025)
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 46, small). It does better than 92% of them on solvency, 97% on liquidity, 99% on profitability and 92% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
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).
Comparable companies, two years later
In July 2024, 20,137 companies had the same profile as TASTE DEVELOPMENT has now. Each dot stands for 51 companies, two years later.
95.1%
were still trading
4.7%
stopped another way
0.2%
went bankrupt
That fits the bankruptcy probability of TASTE DEVELOPMENT itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 20,137 companies, not a prediction for TASTE DEVELOPMENT. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €280,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 4.06 (1.9 in 2024), above the usual 1.5. Short-term debt is 19.4% and cash 50.2% of total assets. 20.2% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
5 signals, none raises the risk
Five signals.
lowers riskneutral
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 days early
2024
65 days early
2023
70 days early
2022
62 days early
2021
45 days early
2020
44 days early
2019
7 days early
← 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 51 days before the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% 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 27 May (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Appointment: BDO Réviseurs d'Entreprises (statutory auditor)
Permanent representative: David Lenaerts · Gazette deed
3 directors appointed, 3 resignations
Resignations: Cruyplants Valérie, de Beukelaer Arnaud (managing director) and Ledeganck An · Appointments: Luigi Del Monaco, Thierry Waeyenbergh (managing director) and Hans Udo Wenzel · Director discharge: Cruyplants Valérie · General meeting of 18-12-2025 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0463780655
2 directors appointed, 5 reappointments
Reappointments: Arnaud de Beukelaer (managing director), Valérie Cruyplants, Jeremy Holloway, An Ledeganck and Sandrine Braet · Appointments: Arnaud de Beukelaer (chair of the board) and Valérie Cruyplants (vice-chair of the board) · Board meeting of 27-04-2023 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| TASTE DEVELOPMENT Seneffe | €3.6m | €2.4m | 79.8% | 12.6 |
| Brioche Pasquier Belgique Saint-Ghislain | €6.2m | €1.6m | 25.1% | 12 |
| SPICES & DEHYDRATES FOOD Mechelen | €5.3m | €2.3m | 93.0% | 12.2 |
| BAKE - PERFORMANCE Zonhoven | €3.4m | €1.6m | 65.5% | 12.1 |
| NUTERGIA BENELUX Nivelles | €3.2m | €1.6m | 45.8% | 12.6 |
| I.D. PHAR Haaltert | €4.8m | €3.0m | 50.7% | 17.8 |
| DE NOTEKRAKER Izegem | €3.9m | €2.2m | 59.3% | 11.5 |
These companies have the same main activity as TASTE DEVELOPMENT: wholesale of other food products (NACE 46389). They are comparable in size and age: total assets between €3.2m and €6.2m, founded between 1985 and 2005.
Official details
Source: KBO- Status
- Active since 17-07-1998Normal situation
- Activity
- Wholesale of other food productsNACE 46389and 4 others
- Joint committee
- 200Auxiliary committee for white-collar workers · annual accounts 2024
- Establishment unit
- 2.087.815.0337180 Seneffe, since 23-07-1998
- Financial year end
- 31 December
- Peppol
- Reachable since 03-10-2025
Annual accounts 2025
- ≈ €9.9mestimated
- €3.6m▲ 7.2%
- Employeeson 31-12-2025
- 11▼ 15.4%
- Filing
- Filed on 26-05-2026, 66 days before the end of the filing period
Insights on TASTE DEVELOPMENT
TASTE DEVELOPMENT has existed since 1998. The gross margin grew from €626,428 in 2006 to €2.4m in 2025 and staff from 5.6 to 12.6 full-time equivalents.
Solvency rose in 2025 from 58.4% to 79.8% because of the retained profit and lower debts.
In January 2026, the Official Gazette published the appointment of Thierry Waeyenbergh as managing director.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about TASTE DEVELOPMENT
- What is the company number of TASTE DEVELOPMENT?
- The company number of TASTE DEVELOPMENT is 0463.780.655. The VAT number is the same number with BE in front: BE 0463.780.655.
- Where is TASTE DEVELOPMENT based?
- The registered office is at Parc Industriel Paysager de Tyberchamps 25, 7180 Seneffe.Company details
- What does TASTE DEVELOPMENT do?
- According to the KBO register, the main activity is wholesale of other food products (NACE 46389).
- What is the legal form of TASTE DEVELOPMENT?
- TASTE DEVELOPMENT is a public limited company (NV).
- When was TASTE DEVELOPMENT founded?
- TASTE DEVELOPMENT was founded on 17-07-1998.
- Is TASTE DEVELOPMENT still active?
- Yes, TASTE DEVELOPMENT is an active enterprise in the KBO register.
- How many employees does TASTE DEVELOPMENT have?
- TASTE DEVELOPMENT had an average of 12.6 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does TASTE DEVELOPMENT fall under?
- In its 2024 annual accounts, TASTE DEVELOPMENT states joint committee 200 (Auxiliary committee for white-collar workers).
- What is the turnover of TASTE DEVELOPMENT?
- The turnover in financial year 2025 is ≈ €9.9m. This figure is estimated from the gross margin of €2.4m and 98 comparable companies (NACE 46). It probably lies between €6.0m and €17.0m.
- Is TASTE DEVELOPMENT profitable?
- In financial year 2025, TASTE DEVELOPMENT made a profit of €920,284.
- Where can I find the annual accounts of TASTE DEVELOPMENT?
- TASTE DEVELOPMENT filed 27 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of TASTE DEVELOPMENT due?
- TASTE DEVELOPMENT must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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