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TOWER FOOD

Active
Private limited companyfounded 20233 yrs activeSans Soucistraat 151, 1050 Elsene, BelgiumKBO/BCE: BE 0803.753.381
Summary

The computed 12-month bankruptcy probability of TOWER FOOD is 10.7% (high). The 2025 annual accounts show negative equity (-€148,751) and a net result of -€16,487. Its solvency ranks better than 16% of 823 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes · tick = 2024
Profitability19▲+19
Solvency5▼-5
Growth58
Track record94
Bankruptcy probability, 12 months
10.7% High
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.11 against 0.15 in 2024; short-term debt: 61.1% and cash: 1.7% of total assets), and equity is negative.
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Signals

Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 3 years 0 10 y
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
-19.6%
Return on assets
-2.2%
Age of the figures
16 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
2425
2024 to 2025 · latest year -€148,751
neutral · Latest accounts filed on time
The financial year that closed on 31-05-2025 was due by 31-12-2025 and was filed on 08-12-2025, 23 days ahead of the deadline.
NBB · 2 filings
Deviation from the deadline
2025
23 d early
2024
15 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 2 accounts on average 19 days before the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 53% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-05-2026 and is due by 31-12-2026. Nothing is late today.
Companies Code · seven months
Position in the running window
31-05-2026 close29-09-2026 today31-12-2026 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

On 9 July 2023, TOWER FOOD was incorporated as a Private limited company.1 The company has filed 2 sets of annual accounts, the latest for fiscal year 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2025

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Financials · fiscal year 2025, full schema

Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€16,487▲ 87.6%
2024 · -€133,264
Working capital
-€414,459▲ 7.8%
2024 · -€449,419
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20242025
Operating result-€124,441--€75,925▲ 39.0%
Net result-€133,264below the sector's middle half--€16,487▲ 87.6%
Equity-€132,264below the sector's middle half--€148,751▼ 12.5%
Total assets€887,478within the sector's middle half-€757,821▼ 14.6%
Debt€1.0m-€906,572▼ 11.1%
Working capital-€449,419below the sector's middle half--€414,459▲ 7.8%
Solvency-14.9%below the sector's middle half--19.6%▼ 4.7pp
Current ratio0.15below the sector's middle half-0.11▼ 0.04
Return on assets (ROA)-15.0%below the sector's middle half--2.2%▲ 12.8pp
Staff (FTE)4.9within the sector's middle half-4.1▼ 16.3%
above within below the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
-€150,000-€100,000-€50,000€0Operating result 2024: -€124,441-€124,441Net result 2024: -€133,264-€133,264Operating result 2025: -€75,925-€75,925Net result 2025: -€16,487-€16,48720242025-€150,000-€100,000-€50,000€0Operating result 2024: -€124,441-€124,000Net result 2024: -€133,264-€133,000Operating result 2025: -€75,925-€75,900Net result 2025: -€16,487-€16,50020242025
The operating result stays negative: a loss of €75,925 in 2025 against €124,441 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €757,821
Fixed assets €708,976 ▼ 12.6%
Current assets €48,845 ▼ 36.3%
Key figures and ratios
2025 value · change against 2024
EBITDA
€6,640▲
2024 · -€103,381
Cash flow
€66,078▲
2024 · -€112,204
Quick ratio
0.06▼
2024 · 0.10
Debt to equity
-6.09▲
2024 · -7.71
Interest coverage
0.32▲
2024 · -11.72
Debt ≤ 1 year
€463,304▼
2024 · €526,124
Debt > 1 year
€443,268▼
2024 · €490,107
Staff costs
€189,928▲
2024 · €22,162
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 1,555 companies that looked in July 2024 the way this one looks now, 4.6% went bankrupt within 24 months and 91% are still going.

  • Micro
  • 2 to 5 years old
  • negative equity
  • a small loss
4.6% went bankrupt
3.6% stopped otherwise
91% still going

A further 0.4% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 10.7% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 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% 1.9%
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 1,555 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 · 49 lines
Balance sheet Code20242025
Assets
Total assets20/58€887,478€757,821▼
Fixed assets21/28€810,772€708,976▼
Tangible fixed assets22/27€760,462€657,666▼
Plant, machinery and equipment23€847€630▼
Furniture and vehicles24€67,542€64,871▼
Other tangible fixed assets26€692,073€592,165▼
Financial fixed assets28€50,310€51,310▲
Current assets29/58€76,706€48,845▼
Stocks and contracts in progress3€23,613€22,421▼
Stocks30/36€23,613€22,421▼
Amounts receivable within one year40/41€31,229€13,281▼
Trade receivables40€1,736€12,616▲
Other amounts receivable41€29,493€665▼
Cash at bank and in hand54/58€21,865€13,144▼
Equity and liabilities
Total equity and liabilities10/49€887,478€757,821▼
Equity10/15-€132,264-€148,751▼
Contributions10/11€1,000€1,000=
Profit (loss) carried forward14-€133,264-€149,751▼
Amounts payable17/49€1.0m€906,572▼
Amounts payable after more than one year17€490,107€443,268▼
Financial debts170/4€183,107€134,068▼
Other amounts payable178/9€307,000€309,200▲
Amounts payable within one year42/48€526,124€463,304▼
Current portion of amounts payable after more than one year42€55,989€53,808▼
Financial debts43€735€872▲
Credit institutions430/8€735€872▲
Trade debts44€384,709€258,385▼
Suppliers440/4€384,709€258,385▼
Taxes, remuneration and social security45€20,751€41,866▲
Taxes450/3€649€7,593▲
Remuneration and social security454/9€20,102€34,273▲
Other amounts payable47/48€63,940€108,373▲
Accrued charges and deferred income492/3€3,510€0▼
Income statement Code20242025
Non-recurring operating income76A-€6,332
Remuneration, social security and pensions62€22,162€189,928▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€21,060€82,565▲
Other operating charges640/8€9,364€20,544▲
Gross operating margin9900-€71,856€217,111▲
Operating profit (loss)9901-€124,441-€75,925▲
Financial income75/76B€0€80,112▲
Recurring financial income75€0€80,112▲
Financial charges65/66B€8,823€20,674▲
Recurring financial charges65€8,823€20,674▲
Profit (loss) for the period before taxes9903-€133,264-€16,487▲
Profit (loss) for the period9904-€133,264-€16,487▲
Profit (loss) for the period to be appropriated9905-€133,264-€16,487▲
Appropriation of the result
Profit (loss) to be appropriated9906-€133,264-€149,751▼
Profit (loss) brought forward from the previous period14P--€133,264
Social balance
Average headcount (FTE)9087-4.1

The notes to these accounts (17 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20242025Change
Non-recurring operating income76A-€6,332-
Remuneration, social security and pensions62€22,162€189,928▲ 757%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€21,060€82,565▲ 292%
Other operating charges640/8€9,364€20,544▲ 119%
Gross operating margin9900-€71,856€217,111▲ 402%
Operating profit (loss)9901-€124,441-€75,925▲ 39.0%
Financial income75/76B€0€80,112▲ 160,223,200%
Recurring financial income75€0€80,112▲ 160,223,200%
Financial charges65/66B€8,823€20,674▲ 134%
Recurring financial charges65€8,823€20,674▲ 134%
Profit (loss) for the period before taxes9903-€133,264-€16,487▲ 87.6%
Profit (loss) for the period9904-€133,264-€16,487▲ 87.6%
Profit (loss) for the period to be appropriated9905-€133,264-€16,487▲ 87.6%
Line20242025Change
Assets
Total assets20/58€887,478€757,821▼ 14.6%
Fixed assets21/28€810,772€708,976▼ 12.6%
Tangible fixed assets22/27€760,462€657,666▼ 13.5%
Plant, machinery and equipment23€847€630▼ 25.6%
Furniture and vehicles24€67,542€64,871▼ 4.0%
Other tangible fixed assets26€692,073€592,165▼ 14.4%
Financial fixed assets28€50,310€51,310▲ 2.0%
Current assets29/58€76,706€48,845▼ 36.3%
Stocks and contracts in progress3€23,613€22,421▼ 5.0%
Stocks30/36€23,613€22,421▼ 5.0%
Amounts receivable within one year40/41€31,229€13,281▼ 57.5%
Trade receivables40€1,736€12,616▲ 627%
Other amounts receivable41€29,493€665▼ 97.7%
Cash at bank and in hand54/58€21,865€13,144▼ 39.9%
Equity and liabilities
Total equity and liabilities10/49€887,478€757,821▼ 14.6%
Equity10/15-€132,264-€148,751▼ 12.5%
Contributions10/11€1,000€1,000=
Profit (loss) carried forward14-€133,264-€149,751▼ 12.4%
Amounts payable17/49€1.0m€906,572▼ 11.1%
Amounts payable after more than one year17€490,107€443,268▼ 9.6%
Financial debts170/4€183,107€134,068▼ 26.8%
Other amounts payable178/9€307,000€309,200▲ 0.7%
Amounts payable within one year42/48€526,124€463,304▼ 11.9%
Current portion of amounts payable after more than one year42€55,989€53,808▼ 3.9%
Financial debts43€735€872▲ 18.6%
Credit institutions430/8€735€872▲ 18.6%
Trade debts44€384,709€258,385▼ 32.8%
Suppliers440/4€384,709€258,385▼ 32.8%
Taxes, remuneration and social security45€20,751€41,866▲ 102%
Taxes450/3€649€7,593▲ 1,070%
Remuneration and social security454/9€20,102€34,273▲ 70.5%
Other amounts payable47/48€63,940€108,373▲ 69.5%
Accrued charges and deferred income492/3€3,510€0▼ 100%
Line20242025Change
Profit (loss) for the period9904-€133,264-€16,487▲ 87.6%
+ Depreciation and write-downs630€21,060€82,565▲ 292%
Operating cash flow (approximation)-€112,204€66,078▲ 159%
Investment in fixed assets (approximation)-€19,232-
Change in cash--€8,721-

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 31-12-2026
2025
08-12
NBB filing Annual accounts filed
fiscal year 2025 · full schema
2024
16-12
NBB filing Annual accounts filed
fiscal year 2024 · full schema
NBB filing
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
1 act for this company is 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, Elsene · 1 establishment unit since 2024
seat establishment The establishment unit on the map
Ground area
4,344 m²
Building footprint
1,728 m²
Volume, LiDAR
100,869 m³
2 parcels, Brussels · tallest building 99.0 m, ±27 floors. Linked by address, not a title deed.
17 companies at this address See who is registered here
1 establishment unit
Léopold-café-presse
Marsveldplein 5, 1050 ElseneLimited-service restaurants
since 20242.347.898.856
2 parcels
Brussels 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21009A0769/00S002 Brussels 3,724 m² 1 · 1,306 m² 99.0 m · 27 fl.
21442A0120/00Z003 Brussels 620 m² 1 · 423 m² 17.8 m · 2 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.

Recognitions · licences · registrations

Food safety, FASFC

1 site
Elsene2.347.898.856
1 permission
Toelating · Eetgelegenheid · since 01-04-2024

Similar companies · same sector, comparable size

Of 14,001 companies in sector 56301 we hold annual accounts for 4,896. 672 are within a factor 10 of this headcount. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded09-07-2023
Fiscal year end31-05
Activities, NACEBEL 2025
56301Cafés and bars
56112Limited-service restaurants, excluding mobile food services
E-invoicing
Reachable via Peppol
Peppol ID 0208:0803753381
Also 9925:BE0803753381
Registered 27-03-2025

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

Register as of 29 September 2026 · Peppol Directory

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