Equity
Debra-Meat has made a profit without a break since 2020.
Debra-Meat has made a profit without a break since 2020.
The result rose in 2025: 15-month financial year.
4 years of growth in a row. Turnover 2025: €184.8m.
Green is investment, beige is depreciation. Machinery stands 1035.2% higher than in 2024.
Between 2018 and 2025, 48% of the full-time equivalents disappeared.
Two of the last ten came late. The 2019 accounts came latest: 167 days after the end of the period.
The dashed line is the sector median: 0.2% across 4,374 companies (NACE 46, small).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 46, small). It does better than 51% of them on solvency, 47% on liquidity and 41% on profitability.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 14,766 companies had the same profile as Debra-Meat has now. Each dot stands for 37 companies, two years later.
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Debra-Meat itself: 0.2% within 12 months.
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 14,766 companies, not a prediction for Debra-Meat. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Liquidity is ample, with a current ratio of 1.76 (1.64 in 2024), above the usual 1.5. Short-term debt is 54.5% and cash 15.5% of total assets. However, 56.9% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 5 days after the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| Debra-Meat Tielt | €184.8m | 0.5% | 43.1% | 25.1 |
| SWAEGERS & CO Hoogstraten | €111.7m | 0.9% | 32.0% | 34.3 |
| LORNOY Geel | €163.1m | 1.1% | 17.7% | 20.8 |
| DELAVI Tielt | €99.9m | 1.0% | 31.9% | 49.1 |
| GROEP DE BRAUWER Wingene | €232.0m | 0.2% | 30.4% | 11 |
| VANNIEUWENHUYSE Kortemark | €103.4m | 0.1% | 55.1% | 51.9 |
| VLEESGROOTHANDEL RIMA Mechelen | €119.1m | 3.5% | 57.8% | 36.9 |
Grey: the largest companies of the sector (wholesale trade (NACE 46)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as Debra-Meat: wholesale of meat and meat products, excluding game and poultry (NACE 46321). They are comparable in size and age: total assets between €18m and €35m, founded between 1968 and 1989.
Debra-Meat has existed since 1979. Turnover fell from €217.8m in 2018 to €65.0m in 2019. The previous financial year ran 21 months, this one 12.
Turnover has grown every year since 2021.
DEBRA - IMMO holds all the shares. In October 2025, the Official Gazette published the appointment of DEBRA-CONSULTANCY as managing director.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
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