Financials
Financial year 2025
Food Associates Group from Ieper, company number BE0689609424, closed financial year 2025 with a result of € -230,029 after tax. For that financial year Food Associates Group recorded revenue of € 3.6 million and equity of € 24.3 million. Compared with financial year 2024, the result moved from € 371,217 to € -230,029. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on August 17, 2026.
€ 24.3 million
▼ 1% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -230,029
▼ still € 371,217 profit in 2024
Profit after tax over the fiscal year.
€ 162,427
▲ 64% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 628,086.
People and assets in 2025
17.5
▼ 0.3 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1.4 million
▲ 2% vs 2024
€ 82,200 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.
€ 57,725
▼ 41% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 159,513
▲ 2% vs 2024
€ 24,873 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 334,622
▲ 1% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 52 days on average.
€ 281,241
▼ 22% vs 2024
Taxes, VAT and social contributions still to pay.
Want to see how much further we take a dossier in the Pro version? Open the free De Lijn example and give feedback →
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 3,237,549 | € 3,607,182 | € 3,793,320 | € 3,611,566 | ▼ 5% |
| Profit after taxes | € 26,398 | € 517,979 | € 371,217 | € -230,029 | ▼ € 601,246 |
| Equity | € 23,632,918 | € 24,150,898 | € 24,522,115 | € 24,292,086 | ▼ 1% |
| Total debts | € 1,873,664 | € 2,851,372 | € 2,875,065 | € 4,061,870 | ▲ 41% |
| Cash | € 52,182 | € 162,508 | € 98,815 | € 162,427 | ▲ 64% |
| Retained profit | € -31,082 | € 486,898 | € 858,115 | € 628,086 | ▼ 27% |
| Bank debt | € 989,837 | € 1,458,572 | € 156,331 | € 159,513 | ▲ 2% |
| Balance sheet total | € 25,506,582 | € 27,002,270 | € 27,397,180 | € 28,353,955 | ▲ 3% |
| Employees (FTE) | 16.8 | 18.2 | 17.8 | 17.5 | ▼ 0.3 |
Key figures of Food Associates Group, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to Food Associates Group?
What happened at Food Associates Group in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- TERRE & MER BV stepped down as director. NBB
- PAIN & COMPANY BV stepped down as director. NBB
- BNP PARIBAS FORTIS PRIVATE EQUITY MANAGEMENT NV stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 230,029 (▼ € 601,246 vs 2024). filed late Source: NBB ↗
- TERRE & MER BV became a director. NBB
- PAIN & COMPANY BV became a director. NBB
- BNP PARIBAS FORTIS PRIVATE EQUITY MANAGEMENT NV became a director. NBB
- New establishment in Ieper. KBO
In short
From € 26,398 profit in 2022 to € 230,029 loss in 2025.
Paid € 265,240 in corporate taxes since 2022.
Best year ever: 2023, with € 517,979 profit.
Pays suppliers within 52 days on average.
A new publication or filing at Food Associates Group? We notify you, reason included.
Follow Food Associates GroupDatabakkes Pro
Know what changes at your customers, suppliers and competitors. Without reading an annual account.
- Follow them in one folder Every company in your folder gets this full dossier: household book, all fiscal years, benchmark against companies of the same size.
- We alert you, with the reason New annual account, Official Gazette publication or status change: you get what changed and where it says so.
- In bulk too, and in ChatGPT and Claude Upload your customer list and get the warning signs back per company. Or ask in your own AI assistant, with this register as the source.
Databakkes Pro is being built. Sign up now and you are first in line for an invitation, with a month to try without a credit card.
De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The stake of BNP PARIBAS FORTIS PRIVATE EQUITY BELGIUM, Pain & Company comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
Food Associates GroupThe shares are held by BNP PARIBAS FORTIS PRIVATE EQUITY BELGIUM (25%) and Pain & Company (10%). It owns 100% of BIO BAKKERIJ DE TROG, 100% of DELISOL, 100% of GEBEA and 21.1% of ART4L itself.
Directors
According to the 2025 annual accounts
since 2023 · until 2029
since 2023 · until 2029
BNP PARIBAS FORTIS PRIVATE EQUITY MANAGEMENT NV
Director · represented by Sofie VERMEULEN
Also active at: Finex, HET ANKER, A.M.B., Haco, PCSI, QUALITY ASSISTANCE, Stûv, GEMMA FRISIUS-FONDS KU LEUVEN +15 more
since 2023 · until 2029
Shareholders
Participations
Establishments
Establishment units
Physical locations of this company
Rozendaalstraat 65
8900 Ieper
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 4 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Hosting & Email
Email provider
Microsoft 365
Hosting
AMAZON-02 - Amazon.com, Inc., US
Website info
Features
Security
Network
Details
- Company number
- 0689.609.424
- VAT number
- BE 0689.609.424
- Registered office
- Rozendaalstraat 65, 8900 Ieper
- Names & denominations
- Food Associates Group · FASG
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 31 January 2018
- Peppol
- Active · Active since 6 Jan 2026
- Contact
- fasg.be
- Activities · NACE
Activiteiten van holdings
Holdings
Administratieve en ondersteunende activiteiten ten behoeve van kantoren
Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies
Activiteiten van adviesbureaus op het gebied van public relations en communicatie
Diverse administratieve activiteiten ten behoeve van kantoren
Adviesbureaus op het gebied van public relations en communicatie
Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering