BEEF WORLD
ActiveSummary
BEEF WORLD has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.2m and a net result of €2.9m. Equity is growing by ~38.4% per year across the filed fiscal years. Its solvency ranks better than 17% of 6133 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability87▲+22
Solvency38▼-16
Growth85=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €75,000 at 30 days acceptable
Liquidity tight (current ratio 1.11 against 1.41 in 2023; short-term debt: 85.4% and cash: 33.1% of total assets), and 86.7% of the assets are financed with debt.
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Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
13.3%
Return on assets
31.8%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 6133 sector peers (2024).
NBB · sector comparisonPosition among 6133 sector peers
Solvency
better than 17%
← weakest
strongest →
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 18-06-2025, 43 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
43 d early
2023
51 d early
2022
47 d early
2021
32 d early
2020
25 d early
2019
15 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 36 days before 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 (1)
History
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Financials · fiscal year 2024, full schema
Turnover
€41.4m▼ 30.3%
2023 · €59.4m
EBIT margin
9.7%▲ 7.9pp
2023 · 1.9%
Net result
€2.9m▲ 275%
2023 · €779,606
Working capital
€889,220▼ 48.7%
2023 · €1.7m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€29.2m▲ 100%€28.3m▼ 2.9%€34.0m▲ 19.9%€59.4m▲ 75.0%€41.4m▼ 30.3%
Operating result€848,799€1.3m▲ 51.7%€312,172▼ 75.8%€1.1m▲ 253%€4.0m▲ 267%
Net result€620,612€1.1m▲ 71.1%€243,760within the sector's middle half▼ 77.0%€779,606above the sector's middle half▲ 220%€2.9mabove the sector's middle half▲ 275%
EBIT margin2.9%▲ 3.0pp4.5%▲ 1.6pp0.9%▼ 3.6pp1.9%▲ 0.9pp9.7%▲ 7.9pp
Equity€706,684▲ 721%€1.3m▲ 79.5%€1.3mwithin the sector's middle half▲ 3.4%€1.9mwithin the sector's middle half▲ 42.6%€1.2mwithin the sector's middle half▼ 34.5%
Total assets€7.3m▲ 25.9%€7.2m▼ 1.0%€9.3mwithin the sector's middle half▲ 29.4%€6.4mwithin the sector's middle half▼ 30.8%€9.2mwithin the sector's middle half▲ 42.8%
Debt€6.5m▲ 15.4%€5.9m▼ 9.6%€8.0m▲ 35.0%€4.6m▼ 42.8%€8.0m▲ 74.5%
Working capital€576,773▲ 59.8%€1.8m▲ 207%€1.4mwithin the sector's middle half▼ 21.4%€1.7mwithin the sector's middle half▲ 24.4%€889,220within the sector's middle half▼ 48.7%
Solvency9.7%▲ 8.2pp17.7%▲ 7.9pp14.1%below the sector's middle half▼ 3.5pp29.1%within the sector's middle half▲ 15.0pp13.3%below the sector's middle half▼ 15.7pp
Current ratio1.09▲ 0.021.35▲ 0.261.19within the sector's middle half▼ 0.171.41within the sector's middle half▲ 0.221.11below the sector's middle half▼ 0.30
Return on assets (ROA)8.6%▲ 8.8pp14.8%▲ 6.2pp2.6%within the sector's middle half▼ 12.2pp12.1%above the sector's middle half▲ 9.5pp31.8%above the sector's middle half▲ 19.7pp
Staff (FTE)10.8▲ 177%10.5▼ 2.8%10.5within the sector's middle half=10.5within the sector's middle half=9.8within the sector's middle half▼ 6.7%
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 267% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €9.2m
Fixed assets
€450,309 ▼ 5.8%
Current assets
€8.7m ▲ 46.7%
Equity and liabilities €9.2m
Equity
€1.2m ▼ 34.5%
Debt
€8.0m ▲ 74.5%
Debt's share of the balance-sheet total rises from 70.9% to 86.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€4.2m▲
2023 · €1.3m
Cash flow
€3.1m▲
2023 · €931,336
Quick ratio
0.98▼
2023 · 1.03
Debt to equity
6.50▲
2023 · 2.44
ROE
238.6%▲
2023 · 41.7%
Interest coverage
75.75▲
2023 · 9.11
Debt ≤ 1 year
€7.9m▲
2023 · €4.2m
Debt > 1 year
€113,851▼
2023 · €338,939
Income taxes
€1.0m▲
2023 · €216,023
Staff costs
€498,744▼
2023 · €514,705
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,706 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 96% are still going.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.7%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 6,706 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | €28.4m | €34.0m | €59.5m | €41.6m | ▼ 30.1% |
| Turnover70 | €29.2m | €28.3m | €34.0m | €59.4m | €41.4m | ▼ 30.3% |
| Other operating income74 | - | €44,764 | €69,352 | €40,825 | €133,071 | ▲ 226% |
| Operating charges60/66A | - | €27.1m | €33.7m | €58.4m | €37.5m | ▼ 35.7% |
| Goods for resale, raw materials and consumables60 | - | €24.6m | €30.9m | €53.0m | €27.9m | ▼ 47.3% |
| Purchases600/8 | - | €24.5m | €31.4m | €53.2m | €27.4m | ▼ 48.5% |
| Change in stocks: decrease (increase)609 | - | €128,220 | -€566,137 | -€134,317 | €567,020 | ▲ 522% |
| Services and other goods61 | - | €1.8m | €2.0m | €4.6m | €8.5m | ▲ 85.5% |
| Remuneration, social security and pensions62 | - | €472,860 | €472,158 | €514,705 | €498,744 | ▼ 3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €51,792 | €93,610 | €125,024 | €151,730 | €180,907 | ▲ 19.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €159,818 | - | €59,577 | - |
| Other operating charges640/8 | - | €99,258 | €81,053 | €121,029 | €397,807 | ▲ 229% |
| Operating profit (loss)9901 | €848,799 | €1.3m | €312,172 | €1.1m | €4.0m | ▲ 267% |
| Financial income75/76B | - | €36,245 | €34,579 | €285,102 | €24,494 | ▼ 91.4% |
| Recurring financial income75 | €35,655 | €36,245 | €34,579 | €285,102 | €24,494 | ▼ 91.4% |
| Income from current assets751 | - | - | - | €6,831 | €3,406 | ▼ 50.1% |
| Other financial income752/9 | - | €36,245 | €34,579 | €278,271 | €21,089 | ▼ 92.4% |
| Financial charges65/66B | - | €62,755 | €81,087 | €391,263 | €89,483 | ▼ 77.1% |
| Recurring financial charges65 | €41,428 | €62,755 | €81,087 | €391,263 | €89,483 | ▼ 77.1% |
| Debt charges650 | €16,897 | €35,874 | €20,959 | €137,669 | €55,701 | ▼ 59.5% |
| Other financial charges652/9 | - | €26,881 | €60,128 | €253,594 | €33,781 | ▼ 86.7% |
| Profit (loss) for the period before taxes9903 | €843,026 | €1.3m | €265,664 | €995,629 | €4.0m | ▲ 299% |
| Income taxes67/77 | €222,415 | €199,196 | €21,904 | €216,023 | €1.0m | ▲ 386% |
| Taxes670/3 | - | €199,196 | €21,904 | €216,023 | €1.0m | ▲ 386% |
| Profit (loss) for the period9904 | €620,612 | €1.1m | €243,760 | €779,606 | €2.9m | ▲ 275% |
| Profit (loss) for the period to be appropriated9905 | €620,612 | €1.1m | €243,760 | €779,606 | €2.9m | ▲ 275% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €7.3m | €7.2m | €9.3m | €6.4m | €9.2m | ▲ 42.8% |
| Fixed assets21/28 | €390,762 | €418,961 | €471,830 | €478,168 | €450,309 | ▼ 5.8% |
| Intangible fixed assets21 | €132,079 | €217,465 | €327,522 | €382,095 | €406,059 | ▲ 6.3% |
| Tangible fixed assets22/27 | €258,320 | €201,133 | €143,946 | €95,710 | €43,887 | ▼ 54.1% |
| Plant, machinery and equipment23 | - | €7,939 | €1,571 | €4,154 | €3,150 | ▼ 24.2% |
| Furniture and vehicles24 | - | €193,194 | €142,375 | €91,556 | €40,738 | ▼ 55.5% |
| Financial fixed assets28 | €363 | €363 | €363 | €363 | €363 | = |
| Other financial fixed assets284/8 | - | €363 | €363 | €363 | €363 | = |
| Amounts receivable and cash guarantees285/8 | - | €363 | €363 | €363 | €363 | = |
| Current assets29/58 | €6.9m | €6.8m | €8.8m | €6.0m | €8.7m | ▲ 46.7% |
| Stocks and contracts in progress3 | €1.0m | €914,070 | €1.5m | €1.6m | €1.0m | ▼ 35.1% |
| Stocks30/36 | - | €914,070 | €1.5m | €1.6m | €1.0m | ▼ 35.1% |
| Raw materials and consumables30/31 | - | €68,166 | €79,725 | €60,799 | €77,216 | ▲ 27.0% |
| Goods purchased for resale34 | - | €845,904 | €1.4m | €1.6m | €970,287 | ▼ 37.6% |
| Amounts receivable within one year40/41 | €3.5m | €4.5m | €6.2m | €3.6m | €4.6m | ▲ 29.1% |
| Trade receivables40 | - | €4.5m | €6.1m | €3.3m | €4.4m | ▲ 32.6% |
| Other amounts receivable41 | - | €40,046 | €135,516 | €248,520 | €201,906 | ▼ 18.8% |
| Cash at bank and in hand54/58 | €2.3m | €1.3m | €1.0m | €748,764 | €3.0m | ▲ 307% |
| Deferred charges and accrued income490/1 | - | €34,916 | €97,519 | €17,806 | €33,580 | ▲ 88.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €7.3m | €7.2m | €9.3m | €6.4m | €9.2m | ▲ 42.8% |
| Equity10/15 | €706,684 | €1.3m | €1.3m | €1.9m | €1.2m | ▼ 34.5% |
| Contributions10/11 | - | €100,000 | €100,000 | €100,000 | €100,000 | = |
| Capital10 | - | - | €100,000 | €100,000 | €100,000 | = |
| Issued capital100 | - | - | €100,000 | €100,000 | €100,000 | = |
| Reserves13 | - | - | €10,000 | €10,000 | €10,000 | = |
| Non-distributable reserves130/1 | - | - | €10,000 | €10,000 | €10,000 | = |
| Legal reserve130 | - | - | €10,000 | €10,000 | €10,000 | = |
| Profit (loss) carried forward14 | €606,684 | €1.2m | €1.2m | €1.8m | €1.1m | ▼ 36.7% |
| Amounts payable17/49 | €6.5m | €5.9m | €8.0m | €4.6m | €8.0m | ▲ 74.5% |
| Amounts payable after more than one year17 | €260,851 | €922,000 | €552,766 | €338,939 | €113,851 | ▼ 66.4% |
| Financial debts170/4 | - | €922,000 | €552,766 | €338,939 | €113,851 | ▼ 66.4% |
| Credit institutions173 | - | €49,899 | €0 | - | - | - |
| Other loans174 | - | €872,101 | €552,766 | €338,939 | €113,851 | ▼ 66.4% |
| Amounts payable within one year42/48 | €6.3m | €5.0m | €7.4m | €4.2m | €7.9m | ▲ 85.8% |
| Current portion of amounts payable after more than one year42 | - | €583,592 | €534,556 | €251,948 | €342,863 | ▲ 36.1% |
| Financial debts43 | - | €1.8m | €4.2m | €1.3m | €750,000 | ▼ 40.0% |
| Credit institutions430/8 | - | €1.8m | €4.2m | €1.3m | €750,000 | ▼ 40.0% |
| Trade debts44 | €2.4m | €2.0m | €2.2m | €2.4m | €2.5m | ▲ 3.9% |
| Suppliers440/4 | - | €2.0m | €2.2m | €2.4m | €2.5m | ▲ 3.9% |
| Advances received on contracts in progress46 | - | €230,978 | €228,669 | €236,790 | €231,079 | ▼ 2.4% |
| Taxes, remuneration and social security45 | - | €71,884 | €70,999 | €125,120 | €524,809 | ▲ 319% |
| Taxes450/3 | - | €13,271 | €5,775 | €84,023 | €468,344 | ▲ 457% |
| Remuneration and social security454/9 | - | €58,612 | €65,224 | €41,096 | €56,465 | ▲ 37.4% |
| Other amounts payable47/48 | - | €392,472 | €178,310 | €417 | €3.6m | ▲ 851,511% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €620,612 | €1.1m | €243,760 | €779,606 | €2.9m | ▲ 275% |
| + Depreciation and write-downs630 | €51,792 | €93,610 | €125,024 | €151,730 | €180,907 | ▲ 19.2% |
| Operating cash flow (approximation) | €672,404 | €1.2m | €368,783 | €931,336 | €3.1m | ▲ 233% |
| Investment in fixed assets (approximation) | - | -€121,809 | -€177,893 | -€158,068 | -€153,048 | ▲ 3.2% |
| Change in cash | - | -€966,692 | -€295,750 | -€269,518 | €2.3m | ▲ 952% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
18-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Highest result since 2019net €2.9m ▲275%
Operating result €4.0m, net result €2.9m, both a record.
10-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
14-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
29-06
NBB filing
Annual accounts filed
fiscal year 2021 · unclassified schema
2021
31-12
Financial
Equity above €1mEq €1.3m ▲79.5%
2 profitable years in a row build equity to €1.3m.
06-07
NBB filing
Annual accounts filed
fiscal year 2020 · unclassified schema
2020
31-12
Financial
Back to profitnet €620,612
Net result €620,612 after one loss-making year.
31-12
Financial
Equity above €500,000Eq €706,684 ▲721%
Equity rises from €86,073 to €706,684.
16-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 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
8 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, Fleurus · 1 establishment unit since 2019
Ground area
1,267 m²
Parcel 52032B0101/00D000, Wallonia. Linked by address, not a title deed.
1 establishment unit
BEEF WORLD
since 20192.287.559.413
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52032B0101/00D000 | Wallonia | 1,267 m² | - | - |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
1 ownerChain of control
- WORLD TRADE
- BEEF WORLD
Highest known parent: WORLD TRADE. The sources do not say who stands above it.
Owners 1
- WORLD TRADEparent98%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Recognitions · licences · registrations
Food safety, FASFC
1 siteFleurus2.287.559.413
Legal Entity Identifier
875500909M08RR1C3I75
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Of 943 companies in sector 46231 we hold annual accounts for 421. 289 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded08-01-2019
Fiscal year end31-12
Activities, NACEBEL 2025
46231Wholesale of live animals
46321Wholesale of meat and meat products, excluding game and poultry
46322Wholesale trade
E-invoicing
Reachable via Peppol
Peppol ID
0208:0717821180
Also
9925:BE0717821180
Registered
22-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.