Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2023 and 2024.
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Tight liquidity NBB
Cash and receivables cover 52 % of short-term debt in 2024; threshold 65 %.
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Legal situation KBO
Opening faillissement according to the CBE.
Financials
Financial year 2024
FOOD - SERVICES from Morlanwelz, company number BE0450158093, closed financial year 2024 with a result of € -230,739 after tax. For that financial year FOOD - SERVICES recorded a gross margin of € 315,037 and equity of € -618,484. Compared with financial year 2023, the result moved from € -146,018 to € -230,739. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 8, 2025.
€ -618,484
▼ € 230,739 vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -230,739
▼ 58 % more loss than in 2023
Profit after tax over the fiscal year.
€ 525,194
▲ 35% vs 2023
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -680,457.
People and assets in 2024
20.1
▼ 0.2 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 373,142
▼ 11% vs 2023
€ 18,600 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 8,417
▼ 94% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
€ 1.1 million
▲ 80% vs 2023
€ 78,741 is repaid this year. At this pace the long-term loan is gone in ≈ 7 years.
€ 496,311
▼ 40% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 54,608
▼ 44% vs 2023
Wages, holiday pay and social contributions still to pay. No outstanding taxes.
| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 411,070 | € 372,819 | € 442,835 | € 315,037 | ▼ 29% |
| Profit after taxes | € 35,616 | € -14,698 | € -146,018 | € -230,739 | ▼ € 84,721 |
| Equity | € -227,028 | € -241,726 | € -387,744 | € -618,484 | ▼ € 230,739 |
| Total debts | € 1,341,329 | € 1,248,051 | € 1,652,642 | € 1,878,307 | ▲ 14% |
| Cash | € 282,694 | € 286,112 | € 390,323 | € 525,194 | ▲ 35% |
| Land & buildings | € 205,845 | € 183,592 | € 161,338 | € 139,085 | ▼ 14% |
| Retained profit | € -289,001 | € -303,700 | € -449,718 | € -680,457 | ▼ € 230,739 |
| Bank debt | € 750,000 | € 666,667 | € 616,503 | € 1,109,741 | ▲ 80% |
| Balance sheet total | € 1,114,301 | € 1,006,325 | € 1,264,897 | € 1,259,823 | |
| Employees (FTE) | 17.5 | 17.3 | 20.3 | 20.1 | ▼ 0.2 |
Key figures of FOOD - SERVICES, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to FOOD - SERVICES?
What happened at FOOD - SERVICES in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
FOOD - SERVICES is active according to the CBE. Legal situation: Opening faillissement.
- New annual accounts for financial year 2024: loss of € 230,739. filed late Source: NBB ↗
- JEAN VANDELEN became a director. NBB
- New establishment in Morlanwelz. KBO
- Start of the company according to the CBE. KBO
In short
From € 35,616 profit in 2021 to € 230,739 loss in 2024.
Paid € 632 in corporate taxes since 2021.
Best year ever: 2021, with € 35,616 profit.
On average € 15,700 of value added per employee in 2024.
Management
Behind FOOD - SERVICES is JEAN VANDELEN. JEAN VANDELEN is also behind FALIMARO and SA SHOPPING CONCEPT.
Directors
According to the 2024 annual accounts
since 2022
Establishments
Establishment units
Physical locations of this company
Rue Pont du Nil(MLZ) 3
7140 Morlanwelz
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0450.158.093
- VAT number
- BE 0450.158.093
- Registered office
- Rue Pont du Nil(MLZ) 3, 7140 Morlanwelz
- Names & denominations
- FOOD - SERVICES
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Opening faillissement
- Start date
- 25 May 1993
- Peppol
- Not registered
- Activities · NACE
Niet-gespecialiseerde detailhandel waarbij voedings- en genotmiddelen overheersen
Niet-gespecialiseerde detailhandel in algemene voedingsmiddelen (verkoopsoppervlakte minder dan 100 m2)
Detailhandel in niet-gespecialiseerde winkels waarbij voedings- en genotmiddelen overheersen (verkoopsoppervlakte < 100 m²)