EUROFAT
ActiveSummary
EUROFAT has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €5.16M and a net result of €3.63M. Equity is growing by ~60.5% per year across the filed fiscal years. Its solvency ranks better than 41% of 643 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
68
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability98▲+22
Solvency57▼-24
Growth52=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €350k at 30 days acceptable
Liquidity tight (current ratio 1.45 against 1.93 in 2024; short-term debt: 64.9% and cash: 0.9% of total assets), and 68.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 10
Relative position
BE, all sectors
reference
Sector 10
higher
← fewer bankruptcies
more bankruptcies →
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
31.9%
Return on assets
22.5%
Age of the figures
9 mo
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 18-06-2026, 43 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
43 d early
2024
44 d early
2023
29 d early
2022
92 d late
2021
16 d early
2020
18 d early
2019
48 d late
← 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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€20.73M▲ 10.3%
2024 · €18.80M
2022: €32.37M
2023: €20.73M
2024: €18.80M
2022 → 2025
EBIT margin
23.2%▲ 15.4pp
2024 · 7.8%
2022: 12.9%
2023: -1.1%
2024: 7.8%
2022 → 2025
Net result
€3.63M▲ 207%
2024 · €1.18M
2018: €17k
2019: €32k
2020: €1.05M
2021: €1.63M
2022: €3.14M
2023: €982k
2024: €1.18M
2018 → 2025
Working capital
€4.68M▼ 3.3%
2024 · €4.84M
2018: €117k
2019: €164k
2020: €565k
2021: €961k
2022: €3.27M
2023: €3.52M
2024: €4.84M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€32.37M€20.73M▼ 36.0%€18.80M▼ 9.3%€20.73M▲ 10.3%
Equity€2.02M-€5.16M▲ 155%€6.14M▲ 19.0%€7.33M▲ 19.3%€5.16M▼ 29.6%
Operating result€2.27M-€4.18M▲ 83.9%€-238k€1.46M€4.80M▲ 229%
Net result€1.63M-€3.14M▲ 92.9%€982k▼ 68.7%€1.18M▲ 20.5%€3.63M▲ 207%
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 229% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €16.18M
Fixed assets
€989k ▼ 68.8%
Current assets
€15.19M ▲ 51.5%
Equity and liabilities €16.18M
Equity
€5.16M ▼ 29.6%
Provisions
€0 ▼ 100%
Debt
€11.02M ▲ 88.0%
Debt's share of the balance-sheet total rises from 44.4% to 68.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€5.52M▲
2024 · €2.31M
Cash flow
€4.35M▲
2024 · €2.03M
Current ratio
1.45▼
2024 · 1.93
Quick ratio
1.37▼
2024 · 1.83
Debt to equity
2.14▲
2024 · 0.80
ROE
70.4%▲
2024 · 16.2%
ROA
22.5%▲
2024 · 9.0%
Interest coverage
146.36▲
2024 · 53.57
Debt ≤ 1 year
€10.50M▲
2024 · €5.18M
Debt > 1 year
€510k▼
2024 · €677k
Income taxes
€1.26M▲
2024 · €424k
Staff costs
€783k▼
2024 · €988k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 91 lines
Balance sheet
Code20242025
Assets
Total assets20/58€13.19M€16.18M▲
Fixed assets21/28€3.17M€989k▼
Intangible fixed assets21€7k€0▼
Tangible fixed assets22/27€3.13M€955k▼
Land and buildings22€558k€0▼
Plant, machinery and equipment23€1.65M€232k▼
Furniture and vehicles24€108k€88k▼
Leasing and similar rights25€811k€636k▼
Other tangible fixed assets26€1k€0▼
Financial fixed assets28€34k€34k=
Other financial fixed assets284/8€34k€34k=
Amounts receivable and cash guarantees285/8€34k€34k=
Current assets29/58€10.02M€15.19M▲
Amounts receivable after more than one year29€0-
Other amounts receivable291€0-
Stocks and contracts in progress3€553k€842k▲
Stocks30/36€553k€842k▲
Raw materials and consumables30/31€142k€153k▲
Finished goods33€411k€690k▲
Amounts receivable within one year40/41€9.22M€14.15M▲
Trade receivables40€5.24M€9.81M▲
Other amounts receivable41€3.98M€4.33M▲
Cash at bank and in hand54/58€167k€142k▼
Deferred charges and accrued income490/1€82k€57k▼
Equity and liabilities
Total equity and liabilities10/49€13.19M€16.18M▲
Equity10/15€7.33M€5.16M▼
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€1.83M€1.82M▼
Non-distributable reserves130/1€17k€17k=
Legal reserve130€17k€17k=
Tax-exempt reserves132€1.50M€1.49M▼
Distributable reserves133€312k€312k=
Profit (loss) carried forward14€5.43M€3.28M▼
Provisions and deferred taxes16€4k€0▼
Deferred taxes168€4k€0▼
Amounts payable17/49€5.86M€11.02M▲
Amounts payable after more than one year17€677k€510k▼
Financial debts170/4€677k€510k▼
Leasing and similar obligations172€515k€398k▼
Credit institutions173€162k€112k▼
Amounts payable within one year42/48€5.18M€10.50M▲
Current portion of amounts payable after more than one year42€352k€302k▼
Financial debts43€0€251k▲
Credit institutions430/8€0€251k▲
Trade debts44€4.41M€3.29M▼
Suppliers440/4€4.41M€3.29M▼
Taxes, remuneration and social security45€427k€865k▲
Taxes450/3€322k€800k▲
Remuneration and social security454/9€104k€65k▼
Other amounts payable47/48€0€5.80M▲
Accrued charges and deferred income492/3-€1k
Income statement
Code20242025
Operating income70/76A€19.19M€21.93M▲
Turnover70€18.80M€20.73M▲
Change in stocks of work in progress, finished goods and contracts in progress71€-86k€279k▲
Other operating income74€476k€506k▲
Non-recurring operating income76A€384€416k▲
Operating charges60/66A€17.73M€17.13M▼
Goods for resale, raw materials and consumables60€11.46M€11.94M▲
Purchases600/8€11.53M€11.95M▲
Change in stocks: decrease (increase)609€-71k€-10k▲
Services and other goods61€4.40M€3.68M▼
Remuneration, social security and pensions62€988k€783k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€849k€716k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€0€-46k▼
Other operating charges640/8€23k€47k▲
Operating profit (loss)9901€1.46M€4.80M▲
Financial income75/76B€196k€126k▼
Recurring financial income75€185k€126k▼
Income from current assets751€157k€126k▼
Other financial income752/9€28k€20▼
Non-recurring financial income76B€11k€0▼
Financial charges65/66B€50k€45k▼
Recurring financial charges65€50k€45k▼
Debt charges650€43k€38k▼
Other financial charges652/9€7k€8k▲
Profit (loss) for the period before taxes9903€1.61M€4.89M▲
Transfer from deferred taxes780€612€4k▲
Income taxes67/77€424k€1.26M▲
Taxes670/3€424k€1.26M▲
Profit (loss) for the period9904€1.18M€3.63M▲
Transfer from tax-exempt reserves789€249k€11k▼
Profit (loss) for the period to be appropriated9905€1.43M€3.64M▲
Appropriation of the result
Profit (loss) to be appropriated9906€5.68M€9.08M▲
Profit (loss) brought forward from the previous period14P€4.25M€5.43M▲
Transfer to equity691/2€247k€0▼
To other reserves6921€247k€0▼
Profit to be distributed694/7-€5.80M
Return on contributions (dividend)694-€5.80M
Social balance
Average headcount (FTE)908713.310.0▼
The notes to these accounts (92 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
18-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
19-03
State Gazette act
Appointment: VCLJ Bedrijfsrevisoren BV (statutory auditor)Permanent representative: Lieve Mertens3 facts ▸
State Gazette act
Appointment: VCLJ Bedrijfsrevisoren BV (statutory auditor)
Permanent representative: Lieve Mertens3 facts ▸
- General meeting, 16/06/2025
- Auditor appointment, VCLJ Bedrijfsrevisoren BV (statutory auditor)
- Permanent representative, Lieve Mertens
2025
31-12
Financial
Highest result since 2018net €3.63M ▲207%
Operating result €4.80M, net result €3.63M, both a record.
17-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
02-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-10
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 92 days late
2022
31-12
Financial
Equity above €5MEq €5.16M ▲155%
5 profitable years in a row build equity to €5.16M.
15-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Equity above €2MEq €2.02M ▲44.9%
4 profitable years in a row build equity to €2.02M.
13-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Equity above €1MEq €1.40M ▲308%
3 profitable years in a row build equity to €1.40M.
17-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 48 days late
Show earlier events
2019
12-04
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
30-03
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
31-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Zwevegem · 1 establishment unit since 1988
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Moenkouterstraat(M) +58552 ZwevegemGround area
2.6 ha
Building footprint
4,151 m²
Volume, LiDAR
38,312 m³
2 parcels, Flanders · tallest building 14.0 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Eurofat
since 19882.037.464.907
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34028C0573/00A003 | Flanders | 1.7 ha | 1 · 3,542 m² | 14.0 m · 4 fl. |
| 34028C0573/00F003 | Flanders | 8,625 m² | 1 · 609 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Statutory auditor
1 auditor| VCLJ Bedrijfsrevisoren BVCurrent Statutory auditor · represented by Lieve Mertens | 19-03-2026 → present |
Public money · subsidies and aid
Flemish government
2022 to 2023 · 2 entries · 3,690 EUR awarded · 3,690 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 3,000 EUR | 3,000 EUR |
| 2022 | 1 | 690 EUR | 690 EUR |
Schemes
Subsidies ecologisch en veilig transport (stopgezet)
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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OLEUM OLIESLAGERIJ
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VANDEMOORTELE IZEGEM
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Of 50 companies in sector 10410 we hold annual accounts for 35. 18 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded01-02-1988
Fiscal year end31-12
Activities, NACEBEL 2025
10410Manufacture of food products
38210Materials recovery from waste
49410Freight transport by road
77120Rental and leasing activities
Sources
Crossroads Bank for EnterprisesNational Bank · 37 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.