D'CHEF
ActiveSummary
D'CHEF has been active since 1978 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €117k and a net result of €70k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 24% of 8048 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability83▼-17
Solvency44▼-15
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity tight (current ratio 1.08 against 1.31 in 2024; short-term debt: 81.5% and cash: 4.3% of total assets), and 81.5% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six 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 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 2025Solvency, return and age of the figures
Solvency
18.5%
Return on assets
11.1%
Age of the figures
15 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 8048 sector peers (2025).
NBB · sector comparisonPosition among 8048 sector peers
Solvency
better than 24%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 15-01-2026, 16 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
16 d early
2024
119 d early
2023
109 d early
2022
115 d early
2021
45 d early
2020
65 d early
2019
15 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2025, abbreviated schema
Equity
€117k▼ 52.7%
2024 · €247k
2019: €-168k
2020: €-196k▼ -16.5% vs 2019lowest in 7 years
2021: €86k▲ +144% vs 2020
2022: €235k▲ +171% vs 2021
2023: €247k▲ +5.2% vs 2022highest in 7 years
2024: €247k● 0.0% vs 2023highest in 7 years
2025: €117k▼ -52.7% vs 2024
2019 → 2025
Total assets
€630k▼ 13.1%
2024 · €726k
2019: €289k
2020: €280k▼ -3.1% vs 2019lowest in 7 years
2021: €387k▲ +38.3% vs 2020
2022: €597k▲ +54.3% vs 2021
2023: €708k▲ +18.6% vs 2022
2024: €726k▲ +2.5% vs 2023highest in 7 years
2025: €630k▼ -13.1% vs 2024
2019 → 2025
Net result
€70k▼ 78.8%
2024 · €329k
2019: €-242klowest in 7 years
2020: €-28k▲ +88.5% vs 2019
2021: €283k▲ +1119% vs 2020
2022: €228k▼ -19.2% vs 2021
2023: €280k▲ +22.7% vs 2022
2024: €329k▲ +17.4% vs 2023highest in 7 years
2025: €70k▼ -78.8% vs 2024
2019 → 2025
Working capital
€42k▼ 71.4%
2024 · €146k
2019: €-164k
2020: €-187k▼ -14.3% vs 2019lowest in 7 years
2021: €75k▲ +140% vs 2020
2022: €173k▲ +131% vs 2021highest in 7 years
2023: €153k▼ -11.9% vs 2022
2024: €146k▼ -4.1% vs 2023
2025: €42k▼ -71.4% vs 2024
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€86k-€235k▲ 171%€247k▲ 5.2%€247k=€117k▼ 52.7%
2021: €86klowest in 5 years
2022: €235k▲ +171% vs 2021
2023: €247k▲ +5.2% vs 2022highest in 5 years
2024: €247k● 0.0% vs 2023highest in 5 years
2025: €117k▼ -52.7% vs 2024
Operating result€295k-€306k▲ 3.8%€375k▲ 22.6%€432k▲ 15.2%€92k▼ 78.7%
2021: €295k
2022: €306k▲ +3.8% vs 2021
2023: €375k▲ +22.6% vs 2022
2024: €432k▲ +15.2% vs 2023highest in 5 years
2025: €92k▼ -78.7% vs 2024lowest in 5 years
Net result€283k-€228k▼ 19.2%€280k▲ 22.7%€329k▲ 17.4%€70k▼ 78.8%
2021: €283k
2022: €228k▼ -19.2% vs 2021
2023: €280k▲ +22.7% vs 2022
2024: €329k▲ +17.4% vs 2023highest in 5 years
2025: €70k▼ -78.8% vs 2024lowest in 5 years
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 79% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €630k
Fixed assets
€75k ▼ 25.4%
Current assets
€556k ▼ 11.1%
Equity and liabilities €630k
Equity
€117k ▼ 52.7%
Debt
€514k ▲ 7.3%
Debt's share of the balance-sheet total rises from 66.0% to 81.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€120k▼
2024 · €458k
Cash flow
€98k▼
2024 · €355k
Current ratio
1.08▼
2024 · 1.31
Quick ratio
0.89▼
2024 · 1.14
Debt to equity
4.40▲
2024 · 1.94
ROE
59.8%▼
2024 · 133.2%
ROA
11.1%▼
2024 · 45.3%
Interest coverage
722.30▼
2024 · 3715.29
Debt ≤ 1 year
€514k▲
2024 · €479k
Income taxes
€25k▼
2024 · €106k
Staff costs
€291k▲
2024 · €237k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 50 lines
Balance sheet
Code20242025
Assets
Total assets20/58€726k€630k▼
Fixed assets21/28€101k€75k▼
Tangible fixed assets22/27€101k€75k▼
Plant, machinery and equipment23€101k€75k▼
Current assets29/58€625k€556k▼
Stocks and contracts in progress3€80k€96k▲
Stocks30/36€80k€96k▲
Amounts receivable within one year40/41€140k€136k▼
Trade receivables40€123k€55k▼
Other amounts receivable41€18k€81k▲
Current investments50/53€281k€297k▲
Cash at bank and in hand54/58€124k€27k▼
Equity and liabilities
Total equity and liabilities10/49€726k€630k▼
Equity10/15€247k€117k▼
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€6k€6k=
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Profit (loss) carried forward14€179k€49k▼
Amounts payable17/49€479k€514k▲
Amounts payable after more than one year17€0-
Financial debts170/4€0-
Amounts payable within one year42/48€479k€514k▲
Trade debts44€124k€289k▲
Suppliers440/4€124k€289k▲
Taxes, remuneration and social security45€25k€21k▼
Taxes450/3€2k-
Remuneration and social security454/9€24k€21k▼
Other amounts payable47/48€329k€204k▼
Income statement
Code20242025
Non-recurring operating income76A€16k-
Remuneration, social security and pensions62€237k€291k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€26k€28k▲
Other operating charges640/8€1k€896▼
Gross operating margin9900€697k€412k▼
Operating profit (loss)9901€432k€92k▼
Financial income75/76B€3k€3k▲
Recurring financial income75€3k€3k▲
Financial charges65/66B€123€166▲
Recurring financial charges65€123€166▲
Profit (loss) for the period before taxes9903€435k€95k▼
Income taxes67/77€106k€25k▼
Profit (loss) for the period9904€329k€70k▼
Profit (loss) for the period to be appropriated9905€329k€70k▼
Appropriation of the result
Profit (loss) to be appropriated9906€508k€249k▼
Profit (loss) brought forward from the previous period14P€179k€179k=
Profit to be distributed694/7€329k€200k▼
Return on contributions (dividend)694€329k€200k▼
Social balance
Average headcount (FTE)90874.95.2▲
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €16k | - | - |
| Remuneration, social security and pensions62 | - | €219k | €263k | €237k | €291k | ▲ 22.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €21k | €25k | €27k | €26k | €28k | ▲ 7.9% |
| Other operating charges640/8 | - | €6k | €1k | €1k | €896 | ▼ 38.8% |
| Gross operating margin9900 | €503k | €555k | €666k | €697k | €412k | ▼ 40.9% |
| Operating profit (loss)9901 | €295k | €306k | €375k | €432k | €92k | ▼ 78.7% |
| Financial income75/76B | - | - | - | €3k | €3k | ▲ 7.2% |
| Recurring financial income75 | €0 | - | - | €3k | €3k | ▲ 7.2% |
| Financial charges65/66B | - | €3k | €2k | €123 | €166 | ▲ 34.6% |
| Recurring financial charges65 | €4k | €3k | €2k | €123 | €166 | ▲ 34.6% |
| Profit (loss) for the period before taxes9903 | €291k | €303k | €373k | €435k | €95k | ▼ 78.2% |
| Income taxes67/77 | €8k | €75k | €93k | €106k | €25k | ▼ 76.5% |
| Profit (loss) for the period9904 | €283k | €228k | €280k | €329k | €70k | ▼ 78.8% |
| Profit (loss) for the period to be appropriated9905 | €283k | €228k | €280k | €329k | €70k | ▼ 78.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €387k | €597k | €708k | €726k | €630k | ▼ 13.1% |
| Fixed assets21/28 | €133k | €147k | €124k | €101k | €75k | ▼ 25.4% |
| Tangible fixed assets22/27 | €133k | €147k | €124k | €101k | €75k | ▼ 25.4% |
| Plant, machinery and equipment23 | - | €147k | €124k | €101k | €75k | ▼ 25.4% |
| Current assets29/58 | €254k | €450k | €584k | €625k | €556k | ▼ 11.1% |
| Stocks and contracts in progress3 | €81k | €77k | €75k | €80k | €96k | ▲ 20.5% |
| Stocks30/36 | - | €77k | €75k | €80k | €96k | ▲ 20.5% |
| Amounts receivable within one year40/41 | €124k | €111k | €158k | €140k | €136k | ▼ 3.2% |
| Trade receivables40 | - | €98k | €146k | €123k | €55k | ▼ 55.2% |
| Other amounts receivable41 | - | €13k | €11k | €18k | €81k | ▲ 358% |
| Current investments50/53 | - | - | - | €281k | €297k | ▲ 5.4% |
| Cash at bank and in hand54/58 | €48k | €262k | €351k | €124k | €27k | ▼ 78.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €387k | €597k | €708k | €726k | €630k | ▼ 13.1% |
| Equity10/15 | €86k | €235k | €247k | €247k | €117k | ▼ 52.7% |
| Contributions10/11 | €62k | €62k | €62k | €62k | €62k | = |
| Capital10 | - | €62k | €62k | €62k | €62k | = |
| Issued capital100 | - | €62k | €62k | €62k | €62k | = |
| Reserves13 | €6k | €6k | €6k | €6k | €6k | = |
| Non-distributable reserves130/1 | - | €6k | €6k | €6k | €6k | = |
| Legal reserve130 | - | €6k | €6k | €6k | €6k | = |
| Profit (loss) carried forward14 | €18k | €167k | €179k | €179k | €49k | ▼ 72.8% |
| Amounts payable17/49 | €301k | €362k | €461k | €479k | €514k | ▲ 7.3% |
| Amounts payable after more than one year17 | €122k | €85k | €30k | €0 | - | - |
| Financial debts170/4 | - | €85k | €30k | €0 | - | - |
| Amounts payable within one year42/48 | €179k | €277k | €431k | €479k | €514k | ▲ 7.3% |
| Current portion of amounts payable after more than one year42 | - | €29k | €0 | - | - | - |
| Financial debts43 | - | €35k | €0 | - | - | - |
| Credit institutions430/8 | - | €35k | €0 | - | - | - |
| Trade debts44 | €104k | €111k | €129k | €124k | €289k | ▲ 132% |
| Suppliers440/4 | - | €111k | €129k | €124k | €289k | ▲ 132% |
| Taxes, remuneration and social security45 | - | €22k | €34k | €25k | €21k | ▼ 17.0% |
| Taxes450/3 | - | €2k | €10k | €2k | - | - |
| Remuneration and social security454/9 | - | €20k | €24k | €24k | €21k | ▼ 11.1% |
| Other amounts payable47/48 | - | €80k | €268k | €329k | €204k | ▼ 38.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €283k | €228k | €280k | €329k | €70k | ▼ 78.8% |
| + Depreciation and write-downs630 | €21k | €25k | €27k | €26k | €28k | ▲ 7.9% |
| Operating cash flow (approximation) | €303k | €253k | €307k | €355k | €98k | ▼ 72.5% |
| Investment in fixed assets (approximation) | - | €-38k | €-4k | €-2k | €-2k | ▼ 10.2% |
| Change in cash | - | €214k | €89k | €-227k | €-97k | ▲ 57.5% |
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
2026
15-01
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2024
03-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
31-05
Financial
Highest result since 2019net €329k ▲17.4%
Operating result €432k, net result €329k, both a record.
2023
13-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2022
07-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
31-05
Financial
Equity above €200kEq €235k ▲171%
2 profitable years in a row build equity to €235k.
2021
16-11
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
31-05
Financial
Back to profitnet €283k
Net result €283k after 2 loss-making years.
31-05
Financial
Liquidity quadruplescurrent ratio 1.42
Current ratio from 0.40 to 1.42; short-term debt falls from €313k to €179k.
2020
27-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
15-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 15 days late
2017
14-12
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
30-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
08-01
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 9 acts read
About the unread acts
We know of 9 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
9 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, Aalst · 1 establishment unit since 1978
Ground area
4,679 m²
Building footprint
2,410 m²
Volume, LiDAR
12,519 m³
Parcel 41029B0263/00B000, Flanders · tallest building 8.2 m, ±2 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
Hekkestraat 47, 9308 Aalst
since 19782.039.717.384
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41029B0263/00B000 | Flanders | 4,679 m² | 1 · 2,410 m² | 8.2 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.
Public money · subsidies and aid
Flemish government
2023 to 2025 · 3 entries · 37,939 EUR awarded · 37,939 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 9,540 EUR | 9,540 EUR |
| 2024 | 1 | 12,481 EUR | 12,481 EUR |
| 2023 | 1 | 15,918 EUR | 15,918 EUR |
Schemes
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
Recognitions · licences · registrations
Food safety, FASFC
1 siteAalst2.039.717.384
Similar companies · same sector, comparable size
AGROIMPEX BRUSSELS
BE 0822.813.584
Etterbeek · Eq €116,374
CAMPO
BE 0440.839.561
Zoersel · Eq €117,542
HELUTRADE INTERNATIONAL
BE 0477.380.451
Destelbergen · Eq €118,611
JOS KRIECKEMANS-VERSTREPEN
BE 0424.278.790
Geel · Eq €118,659
NICE MEAT
BE 0658.739.965
Brussel · Eq €113,623
Of 756 companies in sector 46321 we hold annual accounts for 551. 341 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
Founded01-04-1978
Fiscal year end30-06
Activities, NACEBEL 2025
10850Manufacture of food products
46321Wholesale of meat and meat products, excluding game and poultry
10130Manufacture of food products
47221Retail sale of meat and meat products, excluding game and poultry
Contact
Phone
053/77 54 78Aalst
Scores and ratios are computed by Checked and are not a credit decision.