FoodChain ID Technical Services
ActiveSummary
FoodChain ID Technical Services has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €242k and a net result of €-17k. Equity is growing by ~10.7% per year across the filed fiscal years. Its solvency ranks better than 58% of 4602 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
68
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability37▼-20
Solvency84▲+8
Growth53▼-11
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €16k at 30 days acceptable
Liquidity ample (current ratio 1.92 against 1.65 in 2023; short-term debt: 41.4% and cash: 11.8% of total assets), and 41.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
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 · 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 2024Solvency, return and age of the figures
Solvency
58.6%
Return on assets
-4.1%
Age of the figures
21 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year €-17k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 03-07-2025, 28 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
28 d early
2023
41 d early
2022
12 d early
2021
18 d early
2020
33 d early
2019
14 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, full schema
Turnover
€456k▼ 39.0%
2023 · €747k
2019: €728k
2020: €797k
2021: €896k
2022: €858k
2023: €747k
2019 → 2024
EBIT margin
-1.9%▼ 2.8pp
2023 · 0.9%
2019: 15.7%
2020: 2.5%
2021: 11.1%
2022: 3.6%
2023: 0.9%
2019 → 2024
Net result
€-17k▼ 685%
2023 · €-2k
2018: €-49k
2019: €82k
2020: €8k
2021: €68k
2022: €15k
2023: €-2k
2018 → 2024
Working capital
€157k▼ 1.7%
2023 · €160k
2018: €64k
2019: €154k
2020: €158k
2021: €232k
2022: €251k
2023: €160k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€797k-€896k▲ 12.5%€858k▼ 4.3%€747k▼ 12.9%€456k▼ 39.0%
Equity€178k-€246k▲ 38.1%€261k▲ 6.2%€259k▼ 0.8%€242k▼ 6.6%
Operating result€20k-€100k▲ 399%€31k▼ 69.2%€7k▼ 78.1%€-9k
Net result€8k-€68k▲ 698%€15k▼ 77.6%€-2k€-17k▼ 685%
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €9k after €7k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €413k
Fixed assets
€85k ▼ 18.1%
Current assets
€328k ▼ 19.0%
Equity and liabilities €413k
Equity
€242k ▼ 6.6%
Debt
€171k ▼ 31.5%
Debt's share of the balance-sheet total falls from 49.1% to 41.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
€10k▼
2023 · €26k
Cash flow
€2k▼
2023 · €17k
Current ratio
1.92▲
2023 · 1.65
Debt to equity
0.71▼
2023 · 0.97
ROE
-7.0%▼
2023 · -0.8%
ROA
-4.1%▼
2023 · -0.4%
Interest coverage
3.37▼
2023 · 7.52
Debt ≤ 1 year
€171k▼
2023 · €245k
Debt > 1 year
€0▼
2023 · €4k
Income taxes
€4k▲
2023 · €4k
Staff costs
€880▼
2023 · €126k
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 · 2024 against 2023 · 63 lines
Balance sheet
Code20232024
Assets
Total assets20/58€509k€413k▼
Fixed assets21/28€104k€85k▼
Intangible fixed assets21€91k€81k▼
Tangible fixed assets22/27€12k€3k▼
Furniture and vehicles24€12k€3k▼
Financial fixed assets28€493€493=
Other financial fixed assets284/8€493€493=
Amounts receivable and cash guarantees285/8€493€493=
Current assets29/58€405k€328k▼
Amounts receivable within one year40/41€350k€279k▼
Trade receivables40€213k€139k▼
Other amounts receivable41€137k€140k▲
Cash at bank and in hand54/58€54k€49k▼
Deferred charges and accrued income490/1€2k€796▼
Equity and liabilities
Total equity and liabilities10/49€509k€413k▼
Equity10/15€259k€242k▼
Contributions10/11€100k€100k=
Capital10€100k€100k=
Issued capital100€100k€100k=
Reserves13€40k€40k=
Non-distributable reserves130/1€10k€10k=
Legal reserve130€10k€10k=
Distributable reserves133€30k€30k=
Profit (loss) carried forward14€119k€102k▼
Amounts payable17/49€250k€171k▼
Amounts payable after more than one year17€4k€0▼
Financial debts170/4€4k€0▼
Credit institutions173€4k€0▼
Amounts payable within one year42/48€245k€171k▼
Current portion of amounts payable after more than one year42€7k€4k▼
Trade debts44€67k€75k▲
Suppliers440/4€67k€75k▲
Taxes, remuneration and social security45€52k€2k▼
Taxes450/3€33k€2k▼
Remuneration and social security454/9€18k€0▼
Other amounts payable47/48€120k€90k▼
Income statement
Code20232024
Operating income70/76A€754k€466k▼
Turnover70€747k€456k▼
Other operating income74€6k€9k▲
Non-recurring operating income76A€0€729▲
Operating charges60/66A€747k€474k▼
Services and other goods61€589k€452k▼
Remuneration, social security and pensions62€126k€880▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€19k€19k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€9k€940▼
Other operating charges640/8€4k€1k▼
Non-recurring operating charges66A€29€19▼
Operating profit (loss)9901€7k€-9k▼
Financial income75/76B€7€6▼
Recurring financial income75€7€6▼
Income from financial fixed assets750€7€6▼
Financial charges65/66B€5k€4k▼
Recurring financial charges65€5k€4k▼
Debt charges650€3k€3k▼
Other financial charges652/9€2k€1k▼
Profit (loss) for the period before taxes9903€2k€-13k▼
Income taxes67/77€4k€4k▲
Taxes670/3€4k€4k▲
Profit (loss) for the period9904€-2k€-17k▼
Profit (loss) for the period to be appropriated9905€-2k€-17k▼
Appropriation of the result
Profit (loss) to be appropriated9906€119k€102k▼
Profit (loss) brought forward from the previous period14P€121k€119k▼
Social balance
Average headcount (FTE)90871.90.2▼
The notes to these accounts (43 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
03-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
20-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
19-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
13-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Equity above €200kEq €246k ▲38.1%
3 profitable years in a row build equity to €246k.
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
17-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Back to profitnet €82k
Net result €82k after one loss-making year.
31-12
Financial
Equity above €150kEq €170k ▲94.4%
Equity rises from €87k to €170k.
18-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
03-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
10-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
14-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 22 acts read
About the unread acts
We know of 22 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
22 acts for this company are 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, Liège · 1 establishment unit since 2003
Ground area
10.2 ha
Building footprint
1,487 m²
Volume, LiDAR
16,510 m³
Parcel 62002E0053/00M000, Wallonia · tallest building 14.8 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
FoodChain ID Technical Services
since 20032.132.235.885
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62002E0053/00M000 | Wallonia | 10.2 ha | 2 · 1,487 m² | 14.8 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 82,562 companies in sector 70200 we hold annual accounts for 52,574. 39,051 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
Founded08-07-2003
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 21 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.