QUALITY FOOD
ActiveQUALITY FOOD has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €142k and a net result of €17k. Equity is growing by ~12.8% per year across the filed fiscal years. Its solvency ranks better than 49% of 9040 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2024
66
/ 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
Profitability75=
Solvency69▲+8
Growth52=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9k at 30 days acceptable
Liquidity ample (current ratio 1.96 against 1.79 in 2023; short-term debt: 47% and cash: 7.5% of total assets), but 56.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four 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 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
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 18-07-2025, 13 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
13 d early
2023
56 d early
2022
42 d early
2021
53 d early
2020
23 d early
2019
25 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€142k▲ 13.6%
2023 · €125k
2018: €72k
2019: €78k
2020: €78k
2021: €95k
2022: €125k
2023: €125k
2018 → 2024
Total assets
€325k▼ 6.8%
2023 · €348k
2018: €299k
2019: €388k
2020: €327k
2021: €402k
2022: €431k
2023: €348k
2018 → 2024
Net result
€17k▲ 0.9%
2023 · €17k
2018: €31k
2019: €6k
2020: €383
2021: €42k
2022: €57k
2023: €17k
2018 → 2024
Working capital
€146k▲ 6.8%
2023 · €137k
2018: €41k
2019: €57k
2020: €63k
2021: €168k
2022: €151k
2023: €137k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€78k-€95k▲ 21.7%€125k▲ 31.7%€125k=€142k▲ 13.6%
Operating result€7k-€53k▲ 686%€76k▲ 42.4%€35k▼ 54.3%€31k▼ 10.9%
Net result€383-€42k▲ 10,825%€57k▲ 35.6%€17k▼ 70.4%€17k▲ 0.9%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 11% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €325k
Fixed assets
€26k▼ 30.1%
Current assets
€299k▼ 4.0%
Equity and liabilities €325k
Equity
€142k▲ 13.6%
Debt
€183k▼ 18.1%
The debt ratio falls from 64.1% to 56.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€39k▼
2023 · €54k
Cash flow
€25k▼
2023 · €36k
Solvency
43.7%▲
2023 · 35.9%
Current ratio
1.96▲
2023 · 1.79
Quick ratio
1.74▲
2023 · 1.57
Debt / equity
1.29▼
2023 · 1.79
ROE
11.9%▼
2023 · 13.4%
ROA
5.2%▲
2023 · 4.8%
Interest coverage
6.29▼
2023 · 16.07
Debt
€183k▼
2023 · €223k
Debt ≤ 1 year
€153k▼
2023 · €175k
Debt > 1 year
€30k▼
2023 · €47k
Income taxes
€8k▼
2023 · €15k
Staff costs
€190k▲
2023 · €188k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€348k€325k▼
Fixed assets21/28€37k€26k▼
Tangible fixed assets22/27€32k€21k▼
Plant, machinery and equipment23€21k€17k▼
Furniture and vehicles24€11k€4k▼
Financial fixed assets28€4k€4k▲
Current assets29/58€312k€299k▼
Stocks and contracts in progress3€37k€34k▼
Stocks30/36€37k€34k▼
Amounts receivable within one year40/41€211k€241k▲
Trade receivables40€207k€234k▲
Other amounts receivable41€4k€7k▲
Cash at bank and in hand54/58€63k€24k▼
Equity and liabilities
Total equity and liabilities10/49€348k€325k▼
Equity10/15€125k€142k▲
Contributions10/11€19k€19k=
Reserves13€106k€123k▲
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€106k€123k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€223k€183k▼
Amounts payable after more than one year17€47k€30k▼
Financial debts170/4€47k€30k▼
Amounts payable within one year42/48€175k€153k▼
Current portion of amounts payable after more than one year42€33k€35k▲
Financial debts43€9k€6k▼
Credit institutions430/8€9k€6k▼
Trade debts44€103k€99k▼
Suppliers440/4€103k€99k▼
Taxes, remuneration and social security45€17k€12k▼
Taxes450/3€5k€0▼
Remuneration and social security454/9€13k€12k▼
Other amounts payable47/48€12k€351▼
Accrued charges and deferred income492/3€2k€595▼
Income statement
Code20232024
Non-recurring operating income76A€100€0▼
Remuneration, social security and pensions62€188k€190k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€19k€8k▼
Other operating charges640/8€2k€17k▲
Gross operating margin9900€244k€246k▲
Operating profit (loss)9901€35k€31k▼
Financial income75/76B€175€69▼
Recurring financial income75€175€69▼
Financial charges65/66B€3k€6k▲
Recurring financial charges65€3k€6k▲
Profit (loss) for the period before taxes9903€31k€25k▼
Income taxes67/77€15k€8k▼
Profit (loss) for the period9904€17k€17k▲
Profit (loss) for the period to be appropriated9905€17k€17k▲
Appropriation of the result
Profit (loss) to be appropriated9906€17k€17k▲
Transfer to equity691/2€0€17k▲
To other reserves6921€0€17k▲
Profit to be distributed694/7€17k€0▼
Return on contributions (dividend)694€17k€0▼
Social balance
Average headcount (FTE)90875.62.6▼
The notes to these accounts (18 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
18-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
05-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
19-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €57k ▲35.6%
Operating result €76k, net result €57k, both a record.
31-12
Financial
Equity above €100kEq €125k ▲31.7%
5 profitable years in a row build equity to €125k.
08-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
08-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €383 ▼93.4%
Net result drops to €383, the lowest in the series; recovery starts the following year.
06-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 28 days late
2018
11-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
31-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
13-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Kruisem · 1 establishment unit since 1995
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.
Kazerneweg(KRU) 239770 KruisemGround area
1.3 ha
Building footprint
180 m²
Volume, LiDAR
1,308 m³
Parcel 45017A1137/00N000, Flanders · tallest building 8.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Kazerneweg(KRU) 23, 9770 Kruisem
since 19952.074.427.845
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45017A1137/00N000 | Flanders | 1.3 ha | 1 · 179 m² | 8.2 m · 2 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteKruisem2.074.427.845
Legal Entity Identifier
648821ORL7OD23R08F10
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LUDAN
BE 0428.045.063
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VERMAX
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JEROEN NAERT
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Of 756 companies in sector 46321 we hold annual accounts for 551. 360 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded18-12-1995
Fiscal year end31-12
Activities, NACEBEL
46321Wholesale of meat and meat products, excluding game and poultry
51321
46389Wholesale of other food products
47221Retail sale of meat and meat products, excluding game and poultry
47279Other retail sale of food
47299Retail trade
51384
52220
52272
Sources
Crossroads Bank for EnterprisesNational Bank · 29 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.