Taste Garden Izegem

Active

Private limited companyfounded 2018active for 8 yearsKortrijksestraat 276, 8870 Izegem, BelgiumKBO/BCE: BE 0712.687.407

Summary

Taste Garden Izegem has been active since 2018 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €303,961 and a net result of €69,742. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 76% of 4,765 sector peers (NACE 56, financial year 2025). The computed 12-month bankruptcy probability is 1.0% (low).

Risk analysisFollow Report Compare

Taste Garden IzegemActiveChecked score 68/100

Risk analysis Report Compare

Activity

Full-service restaurants

NACE 56111

7th largest company by equity in Izegem, Accommodation and food service sector1 site

Size

≈ €610,000turnover 2025, estimated

Staff: 3.1 FTE
Equity: €303,961
Profit: €69,742

Turnover estimated from the gross margin

Financial health

68 Healthy Checked score 2025

Bankruptcy probabilitywithin 12 months: 1.0%

Structure

Board: 8 members

2025 accounts filed 29 days late1 of 5 deeds summarised

Why 68raises riskSector: Food and beverage service activities (NACE 56)Last filed accounts filed 29 days late; 1 of the last 3 latelowers riskLiquidity: current ratio 2.17, cash €98,994Equity €303,961 (57.4% of total assets)Show the evidence

Checked score

Score 2025

68 / 100

Healthy

Probability in this band: 0.55% to 1.5%

Financially better than 73% of its sector peers (NACE 56, micro)

Every signal that counts is listed under Signals.

Financial strength · tick = 2024

Strong

Solvency 82+10

equity 57.4% of total assets

Liquidity 68-8

short-term debt 18.2% · cash 18.7%

Profitability 85-15

return on assets 13.2%

Bankruptcy probability, 12 months

1.0% Low

0%0.5%1.5%4%10%≥ 25%

About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 1.8% (23,768 companies, NACE 56, micro)

Last 24 months 11-2024: 1.8% 12-2024: 1.8%● unchanged vs 11-2024 01-2025: 1.7%▼ -0.1 percentage points vs 12-2024 02-2025: 1.5%▼ -0.2 percentage points vs 01-2025 03-2025: 1.4%▼ -0.1 percentage points vs 02-2025 04-2025: 1.4%● unchanged vs 03-2025 05-2025: 1.5%▲ +0.1 percentage points vs 04-2025 06-2025: 1.6%▲ +0.1 percentage points vs 05-2025 07-2025: 1.7%▲ +0.1 percentage points vs 06-2025 08-2025: 2.3%▲ +0.6 percentage points vs 07-2025highest value 09-2025: 1.0%▼ -1.3 percentage points vs 08-2025 10-2025: 1.0%● unchanged vs 09-2025 11-2025: 1.0%● unchanged vs 10-2025 12-2025: 1.0%● unchanged vs 11-2025 01-2026: 1.0%● unchanged vs 12-2025 02-2026: 1.0%● unchanged vs 01-2026 03-2026: 1.0%● unchanged vs 02-2026 04-2026: 1.1%▲ +0.1 percentage points vs 03-2026 05-2026: 1.1%● unchanged vs 04-2026 06-2026: 1.0%▼ -0.1 percentage points vs 05-2026lowest value 07-2026: 1.0%● unchanged vs 06-2026 08-2026: 1.6%▲ +0.6 percentage points vs 07-2026 09-2026: 1.0%▼ -0.6 percentage points vs 08-2026 10-2026: 1.0%● unchanged vs 09-2026

Credit of up to €20,000 on 30-day terms is acceptable

Liquidity ample (current ratio 2.17, compared with 1.41 in 2024, above the usual 1.5; short-term debt: 18.2% and cash: 18.7% of total assets), and 42.6% of the assets are financed with debt and provisions.

How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 56, micro): better than 74% on solvency, 73% on liquidity, 73% on profitability and 73% on growth.

The bankruptcy probability was computed on 29-10-2026 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.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.

lowers riskraises risk

Sector: Food and beverage service activities (NACE 56)

KBO

Last filed accounts filed 29 days late; 1 of the last 3 late

NBB · filings

Liquidity: current ratio 2.17, cash €98,994

NBB · annual accounts

Equity €303,961 (57.4% of total assets)

NBB · annual accounts

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

19202122232425

2019 to 2025 · latest year €303,961

2025 accounts filed 29 days late

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-08-2026, 29 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.

NBB · 7 filings

Deviation from the deadline

2025

29 days late

2024

29 days late

2023

31 days late

2022

61 days late

2021

25 days late

2020

17 days early

2019

28 days late

← 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 27 days after the deadline; the sector median (NACE 56) for financial year 2024 is 7 days after the deadline, and 53% of those companies filed late.

Searched, nothing found (2)

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 29 August (4 of the last 5 filed years within 30 days of that day).

Companies Code · seven months

Where today falls in the filing period

30-10-2026 today31-12-2026 year end31-07-2027 deadline

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

29-08-2026 Annual accounts filedfinancial year 2025 · abbreviated…
29-08-2025 Annual accounts filedfinancial year 2024 · abbreviated…
31-12-2024 Highest result from 2019 to 2025net €149,963 ▲15.7%

Key points

Caution: Result fell in 2025from €149,963 to €69,742 ▼ 53.5% View
Positive: 7th largest company by equity in Izegem, Accommodation and food service sectorin the Checked rankings No. 7 View
Board8 directors in office 8 View

By topic

Financials

Financial year: 2025
Total assets: €529,223
Profit: €69,742
Solvency: 57.4%

Total assets▲ 7.0%

Net result

20192025

Go to Financials

Board & ownership

Board: 8 members

CHEN YufengDirector
LIN XuzeDirector
XU YazhiDirector
ZHOU ChunlianDirector
ZHOU WangpingDirector

and 3 other directors

Go to Board & ownership

Timeline

Events: 12
Since: 2020
Next accounts: by 31-07-2027

31-12-2024Equity above €200,000
31-08-2024Annual accounts filed
18-12-2023Resignations: ZHOU Chunlian, ZHOU Wangping and 6…

Go to Timeline

Company details

Sites: 1

Legal form: Private limited company
Activity: Full-service restaurantsNACE 56111
Founded: 29-10-2018
Year ends: 31-12
Peppol: Reachable for e-invoices

Go to Company details

Articles of association

Provisions read: 23

Annual meeting: Last Wednesday of June at 11:00
Purpose: “Het uitbaten van een wok-restaurant,met verbruik ter plaatse en mogelijkheid tot afhaal…” (deed in Dutch)

Go to Articles of association

Key facts about Taste Garden Izegem

What is the company number of Taste Garden Izegem?: 0712.687.407. In Belgium the VAT number is the company number with BE in front: BE 0712.687.407.
Where is Taste Garden Izegem based?: The registered office is at Kortrijksestraat 276, 8870 Izegem.Company details
What does Taste Garden Izegem do?: According to the KBO register, the main activity is full-service restaurants (NACE 56111).
What is the legal form of Taste Garden Izegem?: Private limited company (BV).
When was Taste Garden Izegem founded?: On 29-10-2018.
Is Taste Garden Izegem still active?: Yes, Taste Garden Izegem is an active enterprise in the KBO register.
How many employees does Taste Garden Izegem have?: On average 3.1 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of Taste Garden Izegem?: Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.
Is Taste Garden Izegem profitable?: In financial year 2025, Taste Garden Izegem made a profit of €69,742.
Where can I find the annual accounts of Taste Garden Izegem?: Taste Garden Izegem filed 7 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of Taste Garden Izegem due?: By 31-07-2027, for financial year 2026.Timeline