TASTEFEVER
Open bankruptcyFrom the official registers: KBO 5 annual accounts at the National Bank publications in the Belgian Official Gazette
Financials · financial year 2024, micro format
Latest annual accounts filed
Annual accounts 2024
- Financial year ended
- 31-12-2024
- Filed on
- 19-05-2025
- Format
- micro format
- Reference
- 2025-00097670
Equity
€36,811▲ 130%
2023 · €15,989
Total assets
€461,579▲ 674%
2023 · €59,648
Net result
-€246,678▼ 345%
2023 · -€55,461
Working capital
€47,359
2023 · -€15,049
Trend over the years
2020 to 2024, 5 financial years
The operating result for 2024 is a loss of €236,068, larger than the loss of €55,088 in 2023. It is the lowest result since 2020.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Operating result-€236,068
2024
Net result-€246,678
2024
Assets, equity and debt per financial year.
Total assets€461,579
2024
Equity€36,811
2024
Debt€424,768
2024
Above zero, the company can pay its short-term debts with what it holds in the short term.
Working capital€47,359
2024
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
Return on assets (ROA)-53.4%
2024
The higher the solvency, the better the company absorbs a setback.
Solvency8.0%
2024
A ratio above 1 means the short-term assets cover the short-term debts.
Current ratio1.34
2024
Average staff per financial year, in full-time equivalents (FTE).
Staff (FTE)2
2024
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Computer programming, consultancy and related activities (NACE 62). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio, return on assets (ROA) and staff (FTE).
Every figure with its change against the financial year before
favourable
unfavourable
Line20202021202220232024
Operating result€6,022-€21,384▲ 255%€44,644▲ 109%-€55,088-€236,068▼ 329%
Net result€3,534within the sector's middle half-€18,830within the sector's middle half▲ 433%€39,087within the sector's middle half▲ 108%-€55,461below the sector's middle half-€246,678below the sector's middle half▼ 345%
Equity€13,534below the sector's middle half-€32,363within the sector's middle half▲ 139%€71,450within the sector's middle half▲ 121%€15,989below the sector's middle half▼ 77.6%€36,811within the sector's middle half▲ 130%
Total assets€49,140below the sector's middle half-€57,518below the sector's middle half▲ 17.0%€97,164within the sector's middle half▲ 68.9%€59,648below the sector's middle half▼ 38.6%€461,579above the sector's middle half▲ 674%
Debt€35,607-€25,155▼ 29.4%€25,714▲ 2.2%€43,659▲ 69.8%€424,768▲ 873%
Working capital€33,407within the sector's middle half-€27,703within the sector's middle half▼ 17.1%€35,840within the sector's middle half▲ 29.4%-€15,049below the sector's middle half€47,359within the sector's middle half
Solvency27.5%below the sector's middle half-56.3%within the sector's middle half▲ 28.7pp73.5%within the sector's middle half▲ 17.3pp26.8%below the sector's middle half▼ 46.7pp8.0%below the sector's middle half▼ 18.8pp
Current ratio3.25within the sector's middle half-2.65within the sector's middle half▼ 0.602.39within the sector's middle half▼ 0.260.65below the sector's middle half▼ 1.741.34within the sector's middle half▲ 0.68
Return on assets (ROA)7.2%within the sector's middle half-32.7%above the sector's middle half▲ 25.5pp40.2%above the sector's middle half▲ 7.5pp-93.0%below the sector's middle half▼ 133.2pp-53.4%below the sector's middle half▲ 39.5pp
Staff (FTE)0.42▲ 400%
above
within
below
The sector band is the middle half of the companies in Computer programming, consultancy and related activities (NACE 62). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin are not published. The micro format does not require them.
Large changes and their cause
- 2024 Total assets +674% on 2023. Capital increase of €117,500 (Official Gazette 24-12-2024).
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €461,579
Fixed assets
€273,076 ▲ 773%
Current assets
€188,503 ▲ 564%
Equity and liabilities €461,579
Equity
€36,811 ▲ 130%
Debt
€424,768 ▲ 873%
Debt's share of the balance-sheet total rises from 73.2% to 92.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
-€214,695▼
2023 · -€45,971
Cash flow
-€225,306▼
2023 · -€46,344
Quick ratio
1.29▲
2023 · 0.35
Debt to equity
11.54▲
2023 · 2.73
ROE
-670.1%▼
2023 · -346.9%
Interest coverage
-20.30▲
2023 · -103.85
Debt ≤ 1 year
€141,144▲
2023 · €43,427
Debt > 1 year
€281,004
Income taxes
€32▲
2023 · €0
Staff costs
€111,739▲
2023 · €15,885
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €15,885 | €111,739 | ▲ 603% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,001 | €2,167 | €5,255 | €9,117 | €21,372 | ▲ 134% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €454 | €0 | - | - | - |
| Other operating charges640/8 | - | €193 | €194 | €806 | €999 | ▲ 24.0% |
| Non-recurring operating charges66A | - | €295 | €0 | - | €28,851 | - |
| Gross operating margin9900 | €7,213 | €24,494 | €50,093 | -€29,280 | -€73,105 | ▼ 150% |
| Operating profit (loss)9901 | €6,022 | €21,384 | €44,644 | -€55,088 | -€236,068 | ▼ 329% |
| Financial income75/76B | - | €4 | €3 | €69 | €0 | ▼ 100.0% |
| Recurring financial income75 | €0 | €4 | €3 | €69 | €0 | ▼ 100.0% |
| Financial charges65/66B | - | €675 | €427 | €443 | €10,578 | ▲ 24× |
| Recurring financial charges65 | €2,135 | €675 | €427 | €443 | €10,578 | ▲ 24× |
| Profit (loss) for the period before taxes9903 | €3,887 | €20,713 | €44,220 | -€55,461 | -€246,646 | ▼ 345% |
| Income taxes67/77 | €353 | €1,883 | €5,133 | €0 | €32 | - |
| Profit (loss) for the period9904 | €3,534 | €18,830 | €39,087 | -€55,461 | -€246,678 | ▼ 345% |
| Profit (loss) for the period to be appropriated9905 | €3,534 | €18,830 | €39,087 | -€55,461 | -€246,678 | ▼ 345% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €49,140 | €57,518 | €97,164 | €59,648 | €461,579 | ▲ 674% |
| Fixed assets21/28 | €917 | €13,050 | €35,610 | €31,270 | €273,076 | ▲ 773% |
| Intangible fixed assets21 | - | €12,235 | €34,121 | €28,851 | €271,058 | ▲ 840% |
| Tangible fixed assets22/27 | €417 | €315 | €989 | €1,919 | €1,518 | ▼ 20.9% |
| Plant, machinery and equipment23 | - | €315 | €213 | €110 | €8 | ▼ 92.4% |
| Furniture and vehicles24 | - | - | €776 | €1,809 | €1,510 | ▼ 16.5% |
| Financial fixed assets28 | €500 | €500 | €500 | €500 | €500 | = |
| Current assets29/58 | €48,224 | €44,468 | €61,554 | €28,378 | €188,503 | ▲ 564% |
| Stocks and contracts in progress3 | €21,792 | €21,405 | €18,891 | €13,143 | €6,535 | ▼ 50.3% |
| Stocks30/36 | - | €21,405 | €18,891 | €13,143 | €6,535 | ▼ 50.3% |
| Amounts receivable within one year40/41 | €6,264 | €6,396 | €8,514 | €3,909 | €20,589 | ▲ 427% |
| Trade receivables40 | - | €5,638 | €6,101 | €3,111 | €4,906 | ▲ 57.7% |
| Other amounts receivable41 | - | €758 | €2,413 | €798 | €15,683 | ▲ 20× |
| Cash at bank and in hand54/58 | €17,696 | €15,169 | €34,149 | €10,185 | €161,145 | ▲ 16× |
| Deferred charges and accrued income490/1 | - | €1,498 | €0 | €1,140 | €234 | ▼ 79.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €49,140 | €57,518 | €97,164 | €59,648 | €461,579 | ▲ 674% |
| Equity10/15 | €13,534 | €32,363 | €71,450 | €15,989 | €36,811 | ▲ 130% |
| Contributions10/11 | - | €10,000 | €10,000 | €10,000 | €277,500 | ▲ 28× |
| Reserves13 | €3,534 | €22,363 | €61,450 | €61,450 | €61,450 | = |
| Distributable reserves133 | - | €22,363 | €61,450 | €61,450 | €61,450 | = |
| Profit (loss) carried forward14 | - | - | - | -€55,461 | -€302,139 | ▼ 445% |
| Amounts payable17/49 | €35,607 | €25,155 | €25,714 | €43,659 | €424,768 | ▲ 873% |
| Amounts payable after more than one year17 | €20,790 | €8,390 | €0 | - | €281,004 | - |
| Financial debts170/4 | - | €8,390 | €0 | - | €281,004 | - |
| Amounts payable within one year42/48 | €14,817 | €16,765 | €25,714 | €43,427 | €141,144 | ▲ 225% |
| Current portion of amounts payable after more than one year42 | - | €12,400 | €8,390 | €25,000 | €18,996 | ▼ 24.0% |
| Financial debts43 | - | €32 | €35 | €0 | - | - |
| Credit institutions430/8 | - | €32 | €35 | €0 | - | - |
| Trade debts44 | €1,151 | €498 | €8,503 | €5,401 | €48,393 | ▲ 796% |
| Suppliers440/4 | - | €498 | €8,503 | €5,401 | €48,393 | ▲ 796% |
| Taxes, remuneration and social security45 | - | €3,767 | €8,016 | €9,655 | €12,667 | ▲ 31.2% |
| Taxes450/3 | - | €3,767 | €8,016 | €5,133 | €128 | ▼ 97.5% |
| Remuneration and social security454/9 | - | - | - | €4,522 | €12,539 | ▲ 177% |
| Other amounts payable47/48 | - | €67 | €770 | €3,371 | €61,089 | ▲ 18× |
| Accrued charges and deferred income492/3 | - | - | - | €232 | €2,620 | ▲ 11× |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3,534 | €18,830 | €39,087 | -€55,461 | -€246,678 | ▼ 345% |
| + Depreciation and write-downs630 | €1,001 | €2,167 | €5,255 | €9,117 | €21,372 | ▲ 134% |
| Operating cash flow (approximation) | €4,534 | €20,997 | €44,341 | -€46,344 | -€225,306 | ▼ 386% |
| Investment in fixed assets (approximation) | - | -€14,300 | -€27,815 | -€4,777 | -€263,179 | ▼ 5,409% |
| Change in cash | - | -€2,527 | €18,981 | -€23,964 | €150,959 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Filings with the National Bank (5)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2024 | micro format | 19-05-2025 | 2025-00097670 | |
| 31-12-2023 | micro format | 05-06-2024 | 2024-00112352 | |
| 31-12-2022 | micro format | 21-06-2023 | 2023-00169299 | |
| 31-12-2021 | micro format | 31-08-2022 | 2022-20386994 | |
| 31-12-2020 | micro format | 28-07-2021 | 2021-41900409 |
Comparable companies
These companies have the same main activity as TASTEFEVER: computer programming (NACE 62100). They are comparable in size and age: total assets between €420,000 and €640,000, founded between 2018 and 2021.
| Company | Founded | Total assets | Equity | Gross margin | Net result | FTE | Financial year |
|---|---|---|---|---|---|---|---|
| TASTEFEVER Waregem | 2019 | €461,579 | €36,811 | -€73,105 | -€246,678 | - | 2024 |
| SMART SYMBOLS Kortrijk | 2020 | €504,651 | €226,509 | -€145,003 | -€270,160 | - | 2025 |
| AV-KLOUD Haaltert | 2020 | €420,472 | €420,222 | €346 | €224 | - | 2025 |
| PETIT PANDOU Brussel | 2020 | €451,704 | €210,230 | -€84,975 | -€169,253 | - | 2025 |
| N.F.DEVELOPMENT Pont-à-Celles | 2021 | €478,794 | €445,767 | -€56,831 | -€64,951 | - | 2025 |
| BAVECONSO Diksmuide | 2018 | €475,253 | €235,494 | -€1,976 | -€7,821 | - | 2025 |
| Granstudio Belgium Kortrijk | 2020 | €639,715 | -€271,319 | -€105,470 | -€246,102 | 2.7 | 2025 |
They were chosen from the 9,112 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
Subsidies and aid
Flemish government
2022 to 2025 · 6 entries · €48,620 awarded · €44,215 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 2 | €0 | €13,150 |
| 2024 | 2 | €44,110 | €26,555 |
| 2023 | 1 | €3,760 | €3,760 |
| 2022 | 1 | €750 | €750 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.