Cabral
ActiveSummary
Cabral has been active since 1985 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €420,399 and a net result of €5,428. Equity is growing by ~3.5% per year across the filed fiscal years. Its solvency ranks better than 59% of 812 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability60▲+2
Solvency66▼-8
Growth52=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25,000 at 30 days acceptable
Liquidity tight (current ratio 1.27 against 1.2 in 2024; short-term debt: 44.9% and cash: 4.2% of total assets), and 59.2% of the assets are financed with debt.
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Signals
Five 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 10
Relative position
BE, all sectors
reference
Manufacture of food products (NACE 10)
about 60% 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 2025Solvency, return and age of the figures
Solvency
40.8%
Return on assets
0.5%
Age of the figures
9 mo
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 17-07-2026, 14 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
14 d early
2024
15 d early
2023
7 d early
2022
31 d late
2021
78 d late
2020
88 d late
2019
103 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 38 days after the deadline; the sector median for financial year 2024 is 5 days before the deadline, and 38% 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 25 July (4 of the last 5 filed years within 37 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€420,399▲ 1.3%
2024 · €414,971
Total assets
€1.0m▲ 22.8%
2024 · €839,731
Net result
€5,428▼ 63.6%
2024 · €14,918
Working capital
€125,705▲ 95.9%
2024 · €64,175
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 10, Manufacture of food products, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€52,408▲ 77.5%€33,138▼ 36.8%€25,290▼ 23.7%€39,227▲ 55.1%€20,846▼ 46.9%
Net result€30,301within the sector's middle half▲ 158%€12,829within the sector's middle half▼ 57.7%€6,018below the sector's middle half▼ 53.1%€14,918within the sector's middle half▲ 148%€5,428within the sector's middle half▼ 63.6%
Equity€381,206within the sector's middle half▲ 6.4%€394,035within the sector's middle half▲ 3.4%€400,053within the sector's middle half▲ 1.5%€414,971above the sector's middle half▲ 3.7%€420,399within the sector's middle half▲ 1.3%
Total assets€1.1mwithin the sector's middle half▲ 16.8%€895,469within the sector's middle half▼ 16.9%€879,115within the sector's middle half▼ 1.8%€839,731above the sector's middle half▼ 4.5%€1.0mwithin the sector's middle half▲ 22.8%
Debt€666,011▲ 25.9%€474,821▼ 28.7%€456,533▼ 3.9%€406,316▼ 11.0%€596,791▲ 46.9%
Working capital€120,335within the sector's middle half▲ 153%€43,160within the sector's middle half▼ 64.1%€55,295within the sector's middle half▲ 28.1%€64,175above the sector's middle half▲ 16.1%€125,705within the sector's middle half▲ 95.9%
Solvency35.4%within the sector's middle half▼ 3.5pp44.0%within the sector's middle half▲ 8.6pp45.5%within the sector's middle half▲ 1.5pp49.4%within the sector's middle half▲ 3.9pp40.8%within the sector's middle half▼ 8.7pp
Current ratio1.25within the sector's middle half▲ 0.151.12within the sector's middle half▼ 0.141.14within the sector's middle half▲ 0.021.20within the sector's middle half▲ 0.061.27within the sector's middle half▲ 0.07
Return on assets (ROA)2.8%within the sector's middle half▲ 1.5pp1.4%within the sector's middle half▼ 1.4pp0.7%within the sector's middle half▼ 0.7pp1.8%within the sector's middle half▲ 1.1pp0.5%within the sector's middle half▼ 1.3pp
Staff (FTE)1.7below the sector's middle half=0.8below the sector's middle half▼ 52.9%0below the sector's middle half▼ 100%0.30.7below the sector's middle half▲ 133%
above
within
below
the middle half (P25 to P75) of NACE 10, Manufacture of food products, each year against the same schema; no band under 30 filings.
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 falls in 2025; 2025 is 47% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.0m
Fixed assets
€443,045 ▼ 1.6%
Current assets
€588,504 ▲ 51.2%
Equity and liabilities €1.0m
Equity
€420,399 ▲ 1.3%
Provisions
€14,360 ▼ 22.1%
Debt
€596,791 ▲ 46.9%
Debt's share of the balance-sheet total rises from 48.4% to 57.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€98,865▼
2024 · €100,618
Cash flow
€83,447▲
2024 · €76,308
Quick ratio
0.34▼
2024 · 0.58
Debt to equity
1.42▲
2024 · 0.98
ROE
1.3%▼
2024 · 3.6%
Interest coverage
4.91▲
2024 · 4.41
Debt ≤ 1 year
€462,799▲
2024 · €325,127
Debt > 1 year
€76,354▼
2024 · €81,190
Income taxes
€4,731▼
2024 · €9,803
Staff costs
€13,911▲
2024 · €5,243
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,040 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.5%
went bankrupt
4.9%
stopped otherwise
94%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% 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 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 17,040 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €0 | - | - | - | €2,479 | - |
| Remuneration, social security and pensions62 | €41,711 | €23,039 | €0 | €5,243 | €13,911 | ▲ 165% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €54,575 | €57,987 | €67,283 | €61,391 | €78,019 | ▲ 27.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €1,349 | €186 | €0 | - | - |
| Other operating charges640/8 | €15,726 | €14,796 | €8,729 | €7,095 | €27,264 | ▲ 284% |
| Gross operating margin9900 | €164,421 | €130,308 | €101,488 | €112,955 | €140,040 | ▲ 24.0% |
| Operating profit (loss)9901 | €52,408 | €33,138 | €25,290 | €39,227 | €20,846 | ▼ 46.9% |
| Financial income75/76B | €2,361 | €5,064 | €7,394 | €4,227 | €5,384 | ▲ 27.4% |
| Recurring financial income75 | €2,361 | €5,064 | €7,394 | €4,227 | €5,384 | ▲ 27.4% |
| Financial charges65/66B | €16,334 | €21,365 | €23,229 | €22,818 | €20,155 | ▼ 11.7% |
| Recurring financial charges65 | €16,334 | €21,365 | €23,229 | €22,818 | €20,155 | ▼ 11.7% |
| Profit (loss) for the period before taxes9903 | €38,435 | €16,836 | €9,456 | €20,636 | €6,074 | ▼ 70.6% |
| Transfer from deferred taxes780 | €4,601 | €4,084 | €4,084 | €4,084 | €4,084 | = |
| Income taxes67/77 | €12,736 | €8,092 | €7,522 | €9,803 | €4,731 | ▼ 51.7% |
| Profit (loss) for the period9904 | €30,301 | €12,829 | €6,018 | €14,918 | €5,428 | ▼ 63.6% |
| Transfer from tax-exempt reserves789 | €13,804 | €12,253 | €12,253 | €12,253 | €12,253 | = |
| Profit (loss) for the period to be appropriated9905 | €44,104 | €25,082 | €18,272 | €27,171 | €17,682 | ▼ 34.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.1m | €895,469 | €879,115 | €839,731 | €1.0m | ▲ 22.8% |
| Fixed assets21/28 | €484,952 | €484,395 | €428,739 | €450,430 | €443,045 | ▼ 1.6% |
| Tangible fixed assets22/27 | €484,952 | €484,395 | €428,739 | €450,430 | €443,045 | ▼ 1.6% |
| Land and buildings22 | €347,001 | €327,617 | €310,368 | €293,555 | €274,062 | ▼ 6.6% |
| Plant, machinery and equipment23 | €78,819 | €65,720 | €51,630 | €38,597 | €42,393 | ▲ 9.8% |
| Furniture and vehicles24 | €59,131 | €91,058 | €66,741 | €43,357 | €34,088 | ▼ 21.4% |
| Leasing and similar rights25 | - | - | - | €74,920 | €92,502 | ▲ 23.5% |
| Current assets29/58 | €592,963 | €411,074 | €450,376 | €389,302 | €588,504 | ▲ 51.2% |
| Stocks and contracts in progress3 | €168,069 | €155,358 | €236,755 | €201,561 | €433,154 | ▲ 115% |
| Stocks30/36 | €168,069 | €155,358 | €214,255 | €201,561 | €433,154 | ▲ 115% |
| Contracts in progress37 | - | - | €22,500 | €0 | - | - |
| Amounts receivable within one year40/41 | €412,928 | €245,983 | €179,502 | €126,896 | €96,587 | ▼ 23.9% |
| Trade receivables40 | €382,090 | €220,698 | €157,611 | €114,251 | €90,694 | ▼ 20.6% |
| Other amounts receivable41 | €30,838 | €25,285 | €21,891 | €12,645 | €5,893 | ▼ 53.4% |
| Cash at bank and in hand54/58 | €3,805 | €1,097 | €22,518 | €46,758 | €43,428 | ▼ 7.1% |
| Deferred charges and accrued income490/1 | €8,161 | €8,636 | €11,602 | €14,087 | €15,335 | ▲ 8.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.1m | €895,469 | €879,115 | €839,731 | €1.0m | ▲ 22.8% |
| Equity10/15 | €381,206 | €394,035 | €400,053 | €414,971 | €420,399 | ▲ 1.3% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Reserves13 | €319,206 | €332,035 | €338,053 | €352,971 | €358,399 | ▲ 1.5% |
| Non-distributable reserves130/1 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Legal reserve130 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Tax-exempt reserves132 | €92,266 | €80,013 | €67,760 | €55,506 | €43,253 | ▼ 22.1% |
| Distributable reserves133 | €220,739 | €245,822 | €264,093 | €291,265 | €308,946 | ▲ 6.1% |
| Profit (loss) carried forward14 | €0 | €0 | - | - | - | - |
| Provisions and deferred taxes16 | €30,698 | €26,613 | €22,529 | €18,444 | €14,360 | ▼ 22.1% |
| Deferred taxes168 | €30,698 | €26,613 | €22,529 | €18,444 | €14,360 | ▼ 22.1% |
| Amounts payable17/49 | €666,011 | €474,821 | €456,533 | €406,316 | €596,791 | ▲ 46.9% |
| Amounts payable after more than one year17 | €112,949 | €106,907 | €60,759 | €81,190 | €76,354 | ▼ 6.0% |
| Financial debts170/4 | €112,949 | €106,907 | €60,759 | €81,190 | €76,354 | ▼ 6.0% |
| Amounts payable within one year42/48 | €472,628 | €367,914 | €395,082 | €325,127 | €462,799 | ▲ 42.3% |
| Current portion of amounts payable after more than one year42 | €49,299 | €48,227 | €46,148 | €54,433 | €42,330 | ▼ 22.2% |
| Financial debts43 | €168,826 | €215,378 | €212,837 | €206,630 | €206,630 | = |
| Credit institutions430/8 | €168,826 | €215,378 | €212,837 | €206,630 | €206,630 | = |
| Trade debts44 | €172,946 | €44,987 | €80,542 | €18,613 | €151,498 | ▲ 714% |
| Suppliers440/4 | €172,946 | €44,987 | €80,542 | €18,613 | €151,498 | ▲ 714% |
| Advances received on contracts in progress46 | - | - | - | - | €6,550 | - |
| Taxes, remuneration and social security45 | €74,057 | €52,151 | €39,625 | €31,070 | €41,325 | ▲ 33.0% |
| Taxes450/3 | €66,575 | €51,315 | €39,625 | €30,042 | €37,122 | ▲ 23.6% |
| Remuneration and social security454/9 | €7,483 | €836 | €0 | €1,028 | €4,203 | ▲ 309% |
| Other amounts payable47/48 | €7,500 | €7,171 | €15,930 | €14,380 | €14,466 | ▲ 0.6% |
| Accrued charges and deferred income492/3 | €80,434 | €0 | €692 | €0 | €57,638 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €30,301 | €12,829 | €6,018 | €14,918 | €5,428 | ▼ 63.6% |
| + Depreciation and write-downs630 | €54,575 | €57,987 | €67,283 | €61,391 | €78,019 | ▲ 27.1% |
| Operating cash flow (approximation) | €84,875 | €70,815 | €73,301 | €76,308 | €83,447 | ▲ 9.4% |
| Investment in fixed assets (approximation) | - | -€57,430 | -€11,626 | -€83,082 | -€70,635 | ▲ 15.0% |
| Change in cash | - | -€2,707 | €21,421 | €24,240 | -€3,330 | ▼ 114% |
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
Next filing, fiscal year 2026, expected by
2026
17-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet €5,428 ▼63.6%
Net result drops to €5,428, the lowest in the series.
16-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
24-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
2022
17-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 78 days late
2021
31-12
Financial
Highest result since 2018net €30,301 ▲158%
Operating result €52,408, net result €30,301, both a record.
27-10
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 88 days late
2020
11-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 103 days late
2019
17-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
23-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
No directors read yet: 0 of 4 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Maldegem · 1 establishment unit since 1991
Ground area
6,445 m²
Building footprint
670 m²
Volume, LiDAR
3,643 m³
Parcel 43503H0903/00K000, Flanders · tallest building 6.8 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
CABRAL SPECERIJEN
since 19912.027.140.147
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 43503H0903/00K000 | Flanders | 6,445 m² | 1 · 670 m² | 6.8 m · 2 fl. |
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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteMaldegem2.027.140.147
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Of 329 companies in this sector we hold annual accounts for 234. 156 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPublic limited company
Founded25-04-1985
Fiscal year end31-12
Activities, NACEBEL 2025
10130Manufacture of food products
46370Wholesale trade
E-invoicing
Reachable via Peppol
Peppol ID
0208:0427290740
Registered
05-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.