COLDMEAT
ActiveSummary
COLDMEAT has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €93,131 and a net result of -€16,999. Equity is shrinking by ~14.7% per year across the filed fiscal years. Its solvency ranks better than 31% of 9619 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability64▼-18
Solvency48▼-22
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,500 at 30 days acceptable
Liquidity short (current ratio 0.84 against 1.25 in 2023; short-term debt: 77.3% of total assets), and 77.3% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% 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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
22.7%
Return on assets
-4.1%
Age of the figures
21 mo
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 17-06-2025, 44 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
44 d early
2023
43 d early
2022
21 d early
2021
30 d early
2020
44 d early
2019
18 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 33 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
Turnover
€723,839
EBIT margin
-18.7%
Net result
-€16,999
2023 · €54,230
Working capital
-€50,652
2023 · €71,522
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€723,839
Operating result-€135,311-€44,346▲ 67.2%-€24,274▲ 45.3%€54,868-€18,603
Net result-€133,451-€25,728▲ 80.7%-€26,695▼ 3.8%€54,230-€16,999
EBIT margin-18.7%
Equity€233,323▼ 36.4%€207,595▼ 11.0%€180,900▼ 12.9%€235,130▲ 30.0%€93,131▼ 60.4%
Total assets€375,205▼ 6.2%€275,005▼ 26.7%€317,306▲ 15.4%€520,843▲ 64.1%€410,194▼ 21.2%
Debt€141,882▲ 325%€67,410▼ 52.5%€136,406▲ 102%€285,713▲ 109%€317,063▲ 11.0%
Working capital€196,189▼ 46.5%€176,781▼ 9.9%€155,293▼ 12.2%€71,522▼ 53.9%-€50,652
Staff (FTE)5.412▲ 122%5.2▼ 56.7%6.1▲ 17.3%7.1▲ 16.4%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Why a figure moved sharply
- 2024 Equity -60% on 2023. Cause not known from the registers.
- 2023 Total assets +64% on 2022. Cause not known from the registers.
- 2022 Staff (FTE) -57% on 2021. Cause not known from the registers.
- 2021 Net result +81%, Staff (FTE) +122% on 2020. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €18,603 after €54,868 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €410,194
Fixed assets
€143,783 ▼ 12.1%
Current assets
€266,411 ▼ 25.4%
Equity and liabilities €410,194
Equity
€93,131 ▼ 60.4%
Debt
€317,063 ▲ 11.0%
Debt's share of the balance-sheet total rises from 54.9% to 77.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€10,224▼
2023 · €63,634
Cash flow
€11,828▼
2023 · €62,996
Current ratio
0.84▼
2023 · 1.25
Quick ratio
0.78▼
2023 · 1.20
Debt to equity
3.40▲
2023 · 1.22
ROE
-18.3%▼
2023 · 23.1%
ROA
-4.1%▼
2023 · 10.4%
Interest coverage
12.49▼
2023 · 483.87
Debt ≤ 1 year
€317,063▲
2023 · €285,713
Income taxes
€160▼
2023 · €10,277
Staff costs
€273,023▲
2023 · €235,863
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,448 companies that looked in July 2024 the way this one looks now, 1.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 10 to 30%
- a small loss
1.4%
went bankrupt
5.0%
stopped otherwise
93%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.9% 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 497,058 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% | 1.6% |
| 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 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 2,448 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 |
|---|---|---|---|---|---|---|
| Turnover70 | €723,839 | - | - | - | - | - |
| Non-recurring operating income76A | - | €31,355 | €11,000 | €5,000 | - | - |
| Remuneration, social security and pensions62 | - | €173,396 | €174,060 | €235,863 | €273,023 | ▲ 15.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,000 | €6,321 | €6,340 | €8,766 | €28,827 | ▲ 229% |
| Other operating charges640/8 | - | €221 | €102 | €139 | €429 | ▲ 209% |
| Gross operating margin9900 | €40,538 | €135,592 | €156,228 | €299,635 | €283,676 | ▼ 5.3% |
| Operating profit (loss)9901 | -€135,311 | -€44,346 | -€24,274 | €54,868 | -€18,603 | ▼ 134% |
| Financial income75/76B | - | €2,088 | €2,834 | €9,771 | €2,697 | ▼ 72.4% |
| Recurring financial income75 | €2,617 | €2,088 | €2,834 | €9,771 | €2,697 | ▼ 72.4% |
| Financial charges65/66B | - | €56 | €201 | €132 | €933 | ▲ 610% |
| Recurring financial charges65 | €123 | €56 | €201 | €132 | €819 | ▲ 523% |
| Non-recurring financial charges66B | - | - | - | - | €114 | - |
| Profit (loss) for the period before taxes9903 | -€132,817 | -€42,314 | -€21,641 | €64,507 | -€16,839 | ▼ 126% |
| Income taxes67/77 | €634 | -€16,585 | €5,054 | €10,277 | €160 | ▼ 98.4% |
| Profit (loss) for the period9904 | -€133,451 | -€25,728 | -€26,695 | €54,230 | -€16,999 | ▼ 131% |
| Profit (loss) for the period to be appropriated9905 | -€133,451 | -€25,728 | -€26,695 | €54,230 | -€16,999 | ▼ 131% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €375,205 | €275,005 | €317,306 | €520,843 | €410,194 | ▼ 21.2% |
| Fixed assets21/28 | €37,135 | €30,814 | €25,607 | €163,608 | €143,783 | ▼ 12.1% |
| Intangible fixed assets21 | - | - | - | €134,350 | €114,921 | ▼ 14.5% |
| Tangible fixed assets22/27 | €37,135 | €30,814 | €25,607 | €29,258 | €28,862 | ▼ 1.4% |
| Plant, machinery and equipment23 | - | €28,581 | €23,829 | €27,712 | €27,804 | ▲ 0.3% |
| Other tangible fixed assets26 | - | €2,232 | €1,778 | €1,546 | €1,058 | ▼ 31.6% |
| Current assets29/58 | €338,071 | €244,191 | €291,699 | €357,235 | €266,411 | ▼ 25.4% |
| Stocks and contracts in progress3 | €6,997 | €5,881 | €7,201 | €14,625 | €18,118 | ▲ 23.9% |
| Stocks30/36 | - | €5,881 | €7,201 | €14,625 | €18,118 | ▲ 23.9% |
| Amounts receivable within one year40/41 | €331,074 | €238,310 | €284,395 | €342,610 | €248,293 | ▼ 27.5% |
| Trade receivables40 | - | €71,620 | €74,684 | €189,619 | €248,253 | ▲ 30.9% |
| Other amounts receivable41 | - | €166,690 | €209,711 | €152,991 | €40 | ▼ 100.0% |
| Cash at bank and in hand54/58 | - | - | €102 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €375,205 | €275,005 | €317,306 | €520,843 | €410,194 | ▼ 21.2% |
| Equity10/15 | €233,323 | €207,595 | €180,900 | €235,130 | €93,131 | ▼ 60.4% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | - | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | - | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Reserves13 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Non-distributable reserves130/1 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Legal reserve130 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Profit (loss) carried forward14 | €165,123 | €139,395 | €112,700 | €166,930 | €24,931 | ▼ 85.1% |
| Amounts payable17/49 | €141,882 | €67,410 | €136,406 | €285,713 | €317,063 | ▲ 11.0% |
| Amounts payable within one year42/48 | €141,882 | €67,410 | €136,406 | €285,713 | €317,063 | ▲ 11.0% |
| Trade debts44 | €101,472 | €23,584 | €93,391 | €173,093 | €215,159 | ▲ 24.3% |
| Suppliers440/4 | - | €23,584 | €93,391 | €173,093 | €215,159 | ▲ 24.3% |
| Taxes, remuneration and social security45 | - | €43,826 | €43,015 | €112,620 | €75,356 | ▼ 33.1% |
| Taxes450/3 | - | €12,108 | €12,872 | €58,288 | €23,973 | ▼ 58.9% |
| Remuneration and social security454/9 | - | €31,718 | €30,142 | €54,332 | €51,383 | ▼ 5.4% |
| Other amounts payable47/48 | - | - | - | - | €26,548 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€133,451 | -€25,728 | -€26,695 | €54,230 | -€16,999 | ▼ 131% |
| + Depreciation and write-downs630 | €5,000 | €6,321 | €6,340 | €8,766 | €28,827 | ▲ 229% |
| Operating cash flow (approximation) | -€128,451 | -€19,407 | -€20,355 | €62,996 | €11,828 | ▼ 81.2% |
| Investment in fixed assets (approximation) | - | €0 | -€1,134 | -€146,767 | -€9,002 | ▲ 93.9% |
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
17-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
18-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Back to profitnet €54,230
Net result €54,230 after 3 loss-making years.
31-12
Financial
Equity above €200,000Eq €235,130 ▲30%
Equity rises from €180,900 to €235,130.
10-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
01-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
17-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet -€133,451
Net result drops to -€133,451, the lowest in the series; recovery starts the following year.
13-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Back to profitnet €31,758
Net result €31,758 after one loss-making year.
31-12
Financial
Liquidity triplescurrent ratio 11.98
Current ratio from 4.26 to 11.98; short-term debt falls from €92,903 to €33,404.
24-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
Show earlier events
2018
20-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
21-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
17-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated 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, Aalter · 2 establishment units since 2020
Ground area
2.2 ha
Building footprint
1.3 ha
Volume, LiDAR
86,172 m³
3 parcels, Flanders · tallest building 16.3 m, ±3 floors. Linked by address, not a title deed.
116
companies at this address
See who is registered here
2 establishment units
Buurtslagers
since 20202.299.414.692
Buurtslagers
since 20232.347.457.012
3 parcels
Flanders
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44503H0052/00C000 | Flanders | 1.4 ha | 1 · 9,001 m² | 11.4 m · 3 fl. |
| 12409D0219/00M004 | Flanders | 6,966 m² | 1 · 2,355 m² | 7.2 m · 2 fl. |
| 44011B0675/00N000 | Flanders | 925 m² | 1 · 1,302 m² | 16.2 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
3 of 3 parcels 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 · 1,172 EUR awarded · 1,172 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,172 EUR | 1,172 EUR |
Schemes
Recognitions · licences · registrations
Food safety, FASFC
2 sites · 2 with a smileyDeinze2.347.457.012
Mechelen2.299.414.692
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Of 3,043 companies in sector 47221 we hold annual accounts for 1,564. 1,367 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
Founded12-10-2001
Fiscal year end31-12
Activities, NACEBEL 2025
47221Retail sale of meat and meat products, excluding game and poultry
47120Other non-specialised retail sale
47222Retail trade
Contact
E-mail
boekhouding@resultit.beMechelen
Phone
09/216.73.16Mechelen
E-mail
lien.scherrens@meatandmore.beDeinze
E-invoicing
Reachable via Peppol
Peppol ID
0208:0475855175
Also
9925:BE0475855175
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.