Financials
- Fiscal year
- 2025
- Turnover
- €81.4m
- Loss
- -€1.5m
- Solvency
- 22.6%
Turnover▲ 34.8%
Net result
20182025
Q- FOOD
ActiveSummary
Q- FOOD has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €4.9m and a net result of -€1.5m. Equity is shrinking by ~6.6% per year across the filed fiscal years. Its solvency ranks better than 25% of 6032 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Overview
Activity
Wholesale of meat and meat products, excluding game and poultry
NACE 46321NACE 51321
#1 employer in Lokeren, Wholesale and retail trade sector2 sites
Size
€81.4mturnover 2025
- Staff
- 86.6 FTE
- Equity
- €4.9m
- Loss
- -€1.5m
Structure
- Parent
- ILEX Advies · 100%
- Board
- 4 members
Auditor: Moore AuditAccounts 16 d early
Why 65- Liquidity: current ratio 1.07, cash €286,695- Size: turnover €81.4m, 86.6 FTE, total assets €21.7m- Equity €4.9m (22.6% of total assets)- Loss of €1.5m (FY 2025)Show the evidence
Checked score
Score 2025
65
/ 100
Healthy
Probability in this band: 0.55% to 1.5%
Better than 26% of its sector peers (NACE 46, medium-sized)
Performance against the sector, not lower risk
Financial strength · tick = 2024
Weak
Solvency
48-1
equity 22.6% of total assets
Liquidity
18+4
short-term debt 64.2% · cash 1.3%
Profitability
13-44
return on assets -6.8%
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 0.2%lowest value
12-2024: 0.2%● 0.0% vs 11-2024lowest value
01-2025: 0.2%● 0.0% vs 12-2024lowest value
02-2025: 0.2%▲ +10.3% vs 01-2025
03-2025: 0.2%▲ +1.3% vs 02-2025
04-2025: 0.2%▲ +2.1% vs 03-2025
05-2025: 0.3%▲ +3.3% vs 04-2025
06-2025: 0.3%▲ +3.2% vs 05-2025
07-2025: 0.3%▲ +30.9% vs 06-2025
08-2025: 0.5%▲ +37.8% vs 07-2025
09-2025: 0.5%● 0.0% vs 08-2025
10-2025: 0.5%● 0.0% vs 09-2025
11-2025: 0.5%● 0.0% vs 10-2025
12-2025: 0.5%● 0.0% vs 11-2025
01-2026: 0.5%● 0.0% vs 12-2025
02-2026: 0.4%▼ -3.6% vs 01-2026
03-2026: 0.5%▲ +1.6% vs 02-2026
04-2026: 0.5%▲ +1.8% vs 03-2026
05-2026: 0.5%● 0.0% vs 04-2026
06-2026: 0.5%▲ +2.4% vs 05-2026
07-2026: 0.5%▲ +0.6% vs 06-2026
08-2026: 1.0%▲ +111% vs 07-2026highest value
09-2026: 1.0%● 0.0% vs 08-2026highest value
10-2026: 1.0%● 0.0% vs 09-2026highest value
- Liquidity: current ratio 1.07, cash €286,695 raises the probability
- Size: turnover €81.4m, 86.6 FTE, total assets €21.7m raises the probability for this profile
- Equity €4.9m (22.6% of total assets) raises the probability
- Loss of €1.5m (FY 2025) raises the probability
Credit up to €310,000 at 30 days acceptable
Liquidity tight (current ratio 1.07 against 1.17 in 2024; short-term debt: 64.2% and cash: 1.3% of total assets), and 77.4% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 46, medium-sized). Better than this share of them on solvency 28%, liquidity 18%, profitability 7%, growth against the median 53%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 04-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
Credit check for your own amount and term
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Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 25% of 6032 sector peers (2025).
NBB · sector comparisonPosition among 6032 sector peers
Solvency
better than 25%
← weakest
strongest →
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 15-07-2026, 16 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
16 d early
2024
on the day
2023
1 d early
2022
17 d late
2021
12 d early
2020
55 d late
2019
91 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 19 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
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. Usually files around 31 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
05-10-2026 today31-12-2026 close31-07-2027 deadline
- Permanent representative: Bertus (Robert) van BallegooijenState Gazette act
- Annual accounts filedfiscal year 2025 · full…
- Resignations: GDB MANAGEMENT SERVICES BV, Ge…Permanent representatives: Guy De Bruycker…
Key points
- Caution: From profit to loss in 2025after €419,777 in 2024 -€1.5m View
- Caution: Among the weakest 5% on net resultsector median €114,268 · 5,973 companies -€1.5m View
- Caution: Board changedlatest change 26-03-2026 · 4 in office 1 joined · 4 left View
- Positive: 5 years of growth in a rowturnover 2025: €81.4m 5 years View
- Controlled by ILEX Adviesknown shareholders 100% 100% View
By topic
Board & ownership
- Board
- 4 members
- Parent
- ILEX Advies · 100%
- Known shareholders
- 100%
- Auditor
- Moore Audit
Go to Board & ownership
Network & group
- Connected companies
- 5
- Mergers and contributions
- 1
Timeline
- Events
- 32
- Since
- 2005
- Next accounts
- by 31-07-2027
- 04-09-2026Permanent representative: Bertus (Robert) van Ballegooijen
- 15-07-2026Annual accounts filed
- 06-05-2026Resignations: GDB MANAGEMENT SERVICES BV, Ge &…
Company details
- Sites
- 2
- Legal form
- Public limited company
- Activity
- Wholesale of meat and meat products, excluding game…NACE 46321
- Founded
- 08-09-1987
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
Articles of association
- Provisions read
- 2
- Purpose
- De import en export van fruit- en groentenconserven, bevroren fruit en groenten, vers…
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