CHEVIDECO
ActiveCHEVIDECO has been active since 1973 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €4.07M and a net result of €196k. Equity remains stable across the filed fiscal years (±0.3% per year). Its solvency ranks better than 65% of 4812 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
88
/ 100
Excellent▼ -12 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability19▼-25
Solvency98▲+2
Growth70=
Stability100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €360k at 30 days acceptable
Liquidity ample (current ratio 2.34 against 2.02 in 2024), and 40.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight 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
Sector 10
higher
← 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
59.1%
Return on assets
2.8%
Age of the figures
8 mo
lowers risk · Growing equity
Equity grew over 2023-2025. Profits are largely retained rather than distributed.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €4.1M
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 10-07-2026, 21 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
21 d early
2024
31 d early
2023
29 d early
2022
31 d early
2021
33 d early
2020
86 d late
2019
108 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
12-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€40.27M▲ 7.1%
2024 · €37.60M
2019: €27.31M
2020: €28.67M
2021: €32.28M
2022: €35.97M
2023: €34.09M
2024: €37.60M
2019 → 2025
EBIT margin
0.8%▼ 1.0pp
2024 · 1.8%
2019: 0.2%
2020: 1.1%
2021: 0.2%
2022: -3.2%
2023: 1.3%
2024: 1.8%
2019 → 2025
Net result
€196k▼ 70.1%
2024 · €654k
2018: €-143k
2019: €485
2020: €210k
2021: €4k
2022: €-1.17M
2023: €368k
2024: €654k
2018 → 2025
Working capital
€3.65M▲ 10.6%
2024 · €3.30M
2018: €2.64M
2019: €2.78M
2020: €3.14M
2021: €3.18M
2022: €2.08M
2023: €2.51M
2024: €3.30M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€32.28M-€35.97M▲ 11.4%€34.09M▼ 5.2%€37.60M▲ 10.3%€40.27M▲ 7.1%
Equity€4.01M-€2.85M▼ 29.0%€3.22M▲ 12.9%€3.87M▲ 20.3%€4.07M▲ 5.1%
Operating result€51k-€-1.14M€442k€691k▲ 56.4%€319k▼ 53.9%
Net result€4k-€-1.17M€368k€654k▲ 77.4%€196k▼ 70.1%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 54% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €6.88M
Fixed assets
€511k▼ 27.3%
Current assets
€6.37M▼ 2.7%
Equity and liabilities €6.88M
Equity
€4.07M▲ 5.1%
Debt
€2.81M▼ 16.7%
The debt ratio falls from 46.6% to 40.9%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€567k▼
2024 · €942k
Cash flow
€444k▼
2024 · €905k
Solvency
59.1%▲
2024 · 53.4%
Current ratio
2.34▲
2024 · 2.02
Quick ratio
2.05▲
2024 · 1.70
Debt / equity
0.69▼
2024 · 0.87
ROE
4.8%▼
2024 · 16.9%
ROA
2.8%▼
2024 · 9.0%
Interest coverage
33.07▼
2024 · 81.52
Debt
€2.81M▼
2024 · €3.38M
Debt ≤ 1 year
€2.72M▼
2024 · €3.24M
Debt > 1 year
€88k▼
2024 · €129k
Income taxes
€72k▲
2024 · €12k
Staff costs
€2.03M▼
2024 · €2.04M
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€7.25M€6.88M▼
Fixed assets21/28€703k€511k▼
Intangible fixed assets21€24k€18k▼
Tangible fixed assets22/27€679k€493k▼
Land and buildings22€290k€219k▼
Plant, machinery and equipment23€140k€122k▼
Furniture and vehicles24€249k€152k▼
Financial fixed assets28€595€595=
Other financial fixed assets284/8€595€595=
Amounts receivable and cash guarantees285/8€595€595=
Current assets29/58€6.54M€6.37M▼
Stocks and contracts in progress3€1.03M€793k▼
Stocks30/36€1.03M€793k▼
Raw materials and consumables30/31€1.03M€793k▼
Amounts receivable within one year40/41€3.93M€4.10M▲
Trade receivables40€3.85M€4.00M▲
Other amounts receivable41€82k€98k▲
Cash at bank and in hand54/58€1.55M€1.42M▼
Deferred charges and accrued income490/1€34k€54k▲
Equity and liabilities
Total equity and liabilities10/49€7.25M€6.88M▼
Equity10/15€3.87M€4.07M▲
Contributions10/11€220k€220k=
Capital10€220k€220k=
Issued capital100€220k€220k=
Reserves13€3.65M€3.85M▲
Non-distributable reserves130/1€22k€22k=
Legal reserve130€22k€22k=
Tax-exempt reserves132€31k€178k▲
Distributable reserves133€3.60M€3.65M▲
Amounts payable17/49€3.38M€2.81M▼
Amounts payable after more than one year17€129k€88k▼
Financial debts170/4€129k€88k▼
Credit institutions173€129k€88k▼
Amounts payable within one year42/48€3.24M€2.72M▼
Current portion of amounts payable after more than one year42€68k€41k▼
Financial debts43€500k€0▼
Credit institutions430/8€500k€0▼
Trade debts44€2.13M€2.13M▼
Suppliers440/4€2.13M€2.13M▼
Taxes, remuneration and social security45€362k€371k▲
Taxes450/3€49k€49k▲
Remuneration and social security454/9€314k€322k▲
Other amounts payable47/48€181k€178k▼
Accrued charges and deferred income492/3€4k€7k▲
Income statement
Code20242025
Operating income70/76A€38.11M€40.77M▲
Turnover70€37.60M€40.27M▲
Other operating income74€512k€492k▼
Non-recurring operating income76A-€12k
Operating charges60/66A€37.42M€40.45M▲
Goods for resale, raw materials and consumables60€31.91M€34.64M▲
Purchases600/8€32.05M€34.40M▲
Change in stocks: decrease (increase)609€-139k€240k▲
Services and other goods61€3.17M€3.35M▲
Remuneration, social security and pensions62€2.04M€2.03M▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€251k€248k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€166k
Other operating charges640/8€14k€9k▼
Non-recurring operating charges66A€38k€0▼
Operating profit (loss)9901€691k€319k▼
Financial income75/76B€64k€989▼
Recurring financial income75€64k€989▼
Income from current assets751€0-
Other financial income752/9€64k€989▼
Financial charges65/66B€89k€52k▼
Recurring financial charges65€89k€52k▼
Debt charges650€12k€17k▲
Other financial charges652/9€78k€34k▼
Profit (loss) for the period before taxes9903€665k€268k▼
Income taxes67/77€12k€72k▲
Taxes670/3€12k€72k▲
Tax adjustments and reversals of tax provisions77€9€0▼
Profit (loss) for the period9904€654k€196k▼
Transfer to tax-exempt reserves689-€147k
Profit (loss) for the period to be appropriated9905€654k€48k▼
Appropriation of the result
Profit (loss) to be appropriated9906€654k€48k▼
Transfer to equity691/2€654k€48k▼
To other reserves6921€654k€48k▼
Social balance
Average headcount (FTE)908730.931.0▲
The notes to these accounts (75 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
10-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Highest result since 2018net €654k ▲77.4%
Operating result €691k, net result €654k, both a record.
02-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Back to profitnet €368k
Net result €368k after one loss-making year.
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Weakest financial yearnet €-1.17M ▼26047%
Net result drops to €-1.17M, the lowest in the series; recovery starts the following year.
28-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
25-10
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 86 days late
2020
16-11
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 108 days late
2019
31-12
Financial
Back to profitnet €485
Net result €485 after one loss-making year.
05-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
27-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
02-05
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.
Directors · office · real estate
Directors
2 directors, no change since 2024
KEMSEKE Olivier Georges Marie
CurrentDirector · since 03-01-2024
KEMSEKE Philippe Joseph Desiré
CurrentDirector · since 03-01-2024
03-01-2024
KEMSEKE Olivier Georges Marie: Appointed as Director
03-01-2024
KEMSEKE Philippe Joseph Desiré: Appointed as Director
03-01-2024
KEMSEKE INVEST: Appointed as Permanent representative
Location & real-estate footprint
Registered office, Menen · 1 establishment unit since 1973
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Lar P208930 MenenGround area
8,898 m²
Building footprint
2,567 m²
Volume, LiDAR
15,118 m³
Parcel 34024C0383/00N000, Flanders · tallest building 8.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Lar P20, 8930 Menen
since 19732.074.849.103
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34024C0383/00N000 | Flanders | 8,898 m² | 1 · 2,567 m² | 8.8 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 99,442 EUR awarded| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 99,442 EUR | 0 EUR |
Schemes
Ecologiepremie+
Recognitions · licences · registrations
Food safety, FASFC
1 siteMenen2.074.849.103
Legal Entity Identifier
54930080A33POXNWOC93
Similar companies · same sector, comparable size
Theo Coertjens International
BE 0460.099.308
Brecht · Eq €4.04M
SIVAFROST C.P.L.
BE 0457.834.060
Dendermonde · Eq €3.97M
HILDAS
BE 0465.861.306
Heusden-Zolder · Eq €3.92M
QUALIBEEF
BE 0463.697.018
Bastogne · Eq €3.91M
VLEESBEDRIJF P. WILS
BE 0420.964.855
Grobbendonk · Eq €3.86M
Of 595 companies in sector 10111 we hold annual accounts for 327. 107 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded01-01-1973
Fiscal year end31-12
Activities, NACEBEL
10110Manufacture of food products
10111Manufacture of food products
15111
46321Wholesale of meat and meat products, excluding game and poultry
51321
46231Wholesale of live animals
51230
Sources
Crossroads Bank for EnterprisesNational Bank · 49 filingsAddress and cadastre registers
Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.