CARMATMEAT
ActiveSummary
CARMATMEAT has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €294,162 and a net result of €158,571. Equity is growing by ~15.7% per year across the filed fiscal years. Its solvency ranks better than 35% of 8161 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability89▲+10
Solvency55▼-6
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €20,000 at 30 days acceptable
Liquidity tight (current ratio 1.06 against 1.0 in 2024; short-term debt: 52.4% and cash: 9.7% of total assets), and 70% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
30%
Return on assets
16.2%
Age of the figures
9 mo
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 · 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
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 10-04-2026, 112 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
112 d early
2024
55 d early
2023
50 d early
2022
3 d early
2021
11 d early
2020
26 d late
2019
18 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 27 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 (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 12 June (4 of the last 5 filed years within 46 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, abbreviated schema
Equity
€294,162▼ 0.1%
2024 · €294,591
Total assets
€980,033▲ 18.6%
2024 · €826,335
Net result
€158,571▲ 132%
2024 · €68,260
Working capital
€29,320▲ 12,229%
2024 · €238
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
Line20212022202320242025
Operating result€59,362▼ 44.4%-€9,946€53,509€96,816▲ 80.9%€229,345▲ 137%
Net result€34,126within the sector's middle half▼ 56.7%-€18,120below the sector's middle half€32,964within the sector's middle half€68,260within the sector's middle half▲ 107%€158,571above the sector's middle half▲ 132%
Equity€211,486within the sector's middle half▲ 19.2%€193,367within the sector's middle half▼ 8.6%€226,331within the sector's middle half▲ 17.0%€294,591within the sector's middle half▲ 30.2%€294,162within the sector's middle half▼ 0.1%
Total assets€856,582within the sector's middle half▼ 5.0%€825,346within the sector's middle half▼ 3.6%€753,547within the sector's middle half▼ 8.7%€826,335within the sector's middle half▲ 9.7%€980,033within the sector's middle half▲ 18.6%
Debt€645,096▼ 10.9%€631,979▼ 2.0%€527,217▼ 16.6%€531,744▲ 0.9%€685,871▲ 29.0%
Working capital-€117,991below the sector's middle half▲ 27.9%-€133,649below the sector's middle half▼ 13.3%-€83,003below the sector's middle half▲ 37.9%€238below the sector's middle half€29,320within the sector's middle half▲ 12,229%
Solvency24.7%within the sector's middle half▲ 5.0pp23.4%within the sector's middle half▼ 1.3pp30.0%within the sector's middle half▲ 6.6pp35.7%within the sector's middle half▲ 5.6pp30.0%within the sector's middle half▼ 5.6pp
Current ratio0.70below the sector's middle half▲ 0.100.69below the sector's middle half▼ 0.010.79below the sector's middle half▲ 0.101.00below the sector's middle half▲ 0.211.06below the sector's middle half▲ 0.06
Return on assets (ROA)4.0%within the sector's middle half▼ 4.8pp-2.2%below the sector's middle half▼ 6.2pp4.4%within the sector's middle half▲ 6.6pp8.3%within the sector's middle half▲ 3.9pp16.2%above the sector's middle half▲ 7.9pp
Staff (FTE)3.8within the sector's middle half▼ 17.4%4.1within the sector's middle half▲ 7.9%3.9within the sector's middle half▼ 4.9%3.3within the sector's middle half▼ 15.4%4.5within the sector's middle half▲ 36.4%
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.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 137% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €980,033
Fixed assets
€437,248 ▼ 5.9%
Current assets
€542,786 ▲ 50.1%
Equity and liabilities €980,033
Equity
€294,162 ▼ 0.1%
Debt
€685,871 ▲ 29.0%
Debt's share of the balance-sheet total rises from 64.3% to 70.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€343,597▲
2024 · €182,504
Cash flow
€272,823▲
2024 · €153,948
Quick ratio
1.02▲
2024 · 0.98
Debt to equity
2.33▲
2024 · 1.81
ROE
53.9%▲
2024 · 23.2%
Interest coverage
37.34▲
2024 · 29.32
Debt ≤ 1 year
€513,466▲
2024 · €361,461
Debt > 1 year
€172,405▲
2024 · €170,284
Income taxes
€61,605▲
2024 · €22,372
Staff costs
€230,680▲
2024 · €158,752
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,696 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.7%
went bankrupt
3.9%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.5% 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 497,338 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% | 1.9% |
| 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 34,696 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 | €500 | - | - | €12,610 | €413 | ▼ 96.7% |
| Remuneration, social security and pensions62 | €182,299 | €168,943 | €160,712 | €158,752 | €230,680 | ▲ 45.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €102,100 | €106,693 | €96,920 | €85,688 | €114,252 | ▲ 33.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €3,480 | - | -€3,480 | - | - |
| Other operating charges640/8 | €10,372 | €12,651 | €16,155 | €19,953 | €18,699 | ▼ 6.3% |
| Gross operating margin9900 | €354,134 | €281,821 | €327,296 | €357,729 | €592,977 | ▲ 65.8% |
| Operating profit (loss)9901 | €59,362 | -€9,946 | €53,509 | €96,816 | €229,345 | ▲ 137% |
| Financial income75/76B | €10 | €17 | €93 | €40 | €33 | ▼ 16.3% |
| Recurring financial income75 | €10 | €17 | €93 | €40 | €33 | ▼ 16.3% |
| Financial charges65/66B | €7,002 | €6,533 | €5,289 | €6,224 | €9,203 | ▲ 47.9% |
| Recurring financial charges65 | €7,002 | €6,533 | €5,289 | €6,224 | €9,203 | ▲ 47.9% |
| Profit (loss) for the period before taxes9903 | €52,370 | -€16,462 | €48,313 | €90,632 | €220,176 | ▲ 143% |
| Income taxes67/77 | €18,244 | €1,657 | €15,349 | €22,372 | €61,605 | ▲ 175% |
| Profit (loss) for the period9904 | €34,126 | -€18,120 | €32,964 | €68,260 | €158,571 | ▲ 132% |
| Profit (loss) for the period to be appropriated9905 | €34,126 | -€18,120 | €32,964 | €68,260 | €158,571 | ▲ 132% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €856,582 | €825,346 | €753,547 | €826,335 | €980,033 | ▲ 18.6% |
| Fixed assets21/28 | €583,968 | €525,659 | €437,611 | €464,637 | €437,248 | ▼ 5.9% |
| Tangible fixed assets22/27 | €583,310 | €525,001 | €436,953 | €463,979 | €436,590 | ▼ 5.9% |
| Land and buildings22 | €493,596 | €432,059 | €379,391 | €317,282 | €255,396 | ▼ 19.5% |
| Plant, machinery and equipment23 | €1,542 | €9,705 | €7,574 | €5,443 | €11,008 | ▲ 102% |
| Furniture and vehicles24 | €1,539 | €1,154 | €769 | €385 | €21,519 | ▲ 5,494% |
| Leasing and similar rights25 | €86,633 | €82,083 | €49,219 | €140,869 | €148,666 | ▲ 5.5% |
| Financial fixed assets28 | €658 | €658 | €658 | €658 | €658 | = |
| Current assets29/58 | €272,614 | €299,687 | €315,936 | €361,699 | €542,786 | ▲ 50.1% |
| Stocks and contracts in progress3 | €418 | €10,295 | €1,500 | €7,380 | €19,212 | ▲ 160% |
| Stocks30/36 | €418 | €10,295 | €1,500 | €7,380 | €19,212 | ▲ 160% |
| Amounts receivable within one year40/41 | €211,363 | €256,751 | €288,638 | €304,162 | €413,350 | ▲ 35.9% |
| Trade receivables40 | €204,306 | €250,421 | €287,176 | €262,264 | €388,911 | ▲ 48.3% |
| Other amounts receivable41 | €7,057 | €6,330 | €1,462 | €41,897 | €24,439 | ▼ 41.7% |
| Cash at bank and in hand54/58 | €58,790 | €25,165 | €17,758 | €43,786 | €95,475 | ▲ 118% |
| Deferred charges and accrued income490/1 | €2,044 | €7,476 | €8,041 | €6,371 | €14,749 | ▲ 132% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €856,582 | €825,346 | €753,547 | €826,335 | €980,033 | ▲ 18.6% |
| Equity10/15 | €211,486 | €193,367 | €226,331 | €294,591 | €294,162 | ▼ 0.1% |
| Contributions10/11 | €200,000 | €200,000 | €200,000 | €200,000 | €134,000 | ▼ 33.0% |
| Profit (loss) carried forward14 | €11,486 | -€6,633 | €26,331 | €94,591 | €160,162 | ▲ 69.3% |
| Amounts payable17/49 | €645,096 | €631,979 | €527,217 | €531,744 | €685,871 | ▲ 29.0% |
| Amounts payable after more than one year17 | €254,490 | €198,644 | €128,278 | €170,284 | €172,405 | ▲ 1.2% |
| Financial debts170/4 | €254,490 | €198,644 | €128,278 | €170,284 | €172,405 | ▲ 1.2% |
| Amounts payable within one year42/48 | €390,606 | €433,336 | €398,939 | €361,461 | €513,466 | ▲ 42.1% |
| Current portion of amounts payable after more than one year42 | €87,848 | €85,470 | €86,587 | €63,613 | €68,623 | ▲ 7.9% |
| Financial debts43 | €28,975 | €3,750 | €13,864 | €19,078 | €52,457 | ▲ 175% |
| Credit institutions430/8 | €28,975 | €3,750 | €13,864 | €19,078 | €52,457 | ▲ 175% |
| Trade debts44 | €168,322 | €234,304 | €262,388 | €248,567 | €288,744 | ▲ 16.2% |
| Suppliers440/4 | €168,322 | €234,304 | €262,388 | €248,567 | €288,744 | ▲ 16.2% |
| Taxes, remuneration and social security45 | €29,053 | €22,418 | €19,547 | €25,600 | €44,242 | ▲ 72.8% |
| Taxes450/3 | €10,877 | €856 | €2,282 | €8,417 | €16,597 | ▲ 97.2% |
| Remuneration and social security454/9 | €18,176 | €21,562 | €17,265 | €17,183 | €27,645 | ▲ 60.9% |
| Other amounts payable47/48 | €76,408 | €87,394 | €16,553 | €4,602 | €59,401 | ▲ 1,191% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €34,126 | -€18,120 | €32,964 | €68,260 | €158,571 | ▲ 132% |
| + Depreciation and write-downs630 | €102,100 | €106,693 | €96,920 | €85,688 | €114,252 | ▲ 33.3% |
| Operating cash flow (approximation) | €136,226 | €88,574 | €129,884 | €153,948 | €272,823 | ▲ 77.2% |
| Investment in fixed assets (approximation) | - | -€48,384 | -€8,872 | -€112,713 | -€86,863 | ▲ 22.9% |
| Change in cash | - | -€33,625 | -€7,407 | €26,028 | €51,689 | ▲ 98.6% |
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
10-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2018net €158,571 ▲132%
Operating result €229,345, net result €158,571, both a record.
06-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
11-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Back to profitnet €32,964
Net result €32,964 after one loss-making year.
31-12
Financial
Equity above €200,000Eq €226,331 ▲17%
Equity rises from €193,367 to €226,331.
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Weakest financial yearnet -€18,120
Net result drops to -€18,120, the lowest in the series; recovery starts the following year.
20-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Equity above €200,000Eq €211,486 ▲19.2%
2 profitable years in a row build equity to €211,486.
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 26 days late
2020
31-12
Financial
Back to profitnet €78,896
Net result €78,896 after one loss-making year.
Show earlier events
31-12
Financial
Equity above €150,000Eq €177,360 ▲80.1%
Equity rises from €98,464 to €177,360.
18-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 18 days late
2019
27-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
23-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
30-05
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 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
6 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, Wommelgem · 1 establishment unit since 2014
Ground area
2.2 ha
Building footprint
4,418 m²
Volume, LiDAR
27,940 m³
Parcel 11052A0328/00A000, Flanders · tallest building 9.9 m, ±2 floors. Linked by address, not a title deed.
26
companies at this address
See who is registered here
1 establishment unit
De Mulder Patrick
since 20142.238.115.048
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11052A0328/00A000 | Flanders | 2.2 ha | 1 · 4,418 m² | 9.9 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 siteWommelgem2.238.115.048
Similar companies · same sector, comparable size
BACKX CHRIS
BE 0467.636.604
Wetteren · Eq €292,576
Mekali
BE 1003.412.936
Gent · Eq €297,090
CHEZ LE BOUTCHI
BE 0506.729.978
Couvin · Eq €286,481
SEMS
BE 0451.431.664
Roeselare · Eq €286,081
VEE - EN VLEESGROOTHANDEL VERMEIREN
BE 0464.960.590
Aartselaar · Eq €285,951
Of 757 companies in sector 46321 we hold annual accounts for 554. 409 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded15-12-2014
Fiscal year end31-12
Activities, NACEBEL 2025
46321Wholesale of meat and meat products, excluding game and poultry
10111Manufacture of food products
E-invoicing
Reachable via Peppol
Peppol ID
0208:0506836084
Also
9925:BE0506836084
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.