FM MEAT
ActiveSummary
FM MEAT has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €849,050 and a net result of €145,696. Equity is growing by ~18.7% per year across the filed fiscal years. Its solvency ranks better than 95% of 8161 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability89=
Solvency100=
Growth60=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €75,000 at 30 days acceptable
Liquidity ample (current ratio 14.56 against 5.34 in 2024; short-term debt: 5.8% and cash: 75.1% of total assets), and 5.8% of the assets are financed with debt.
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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 · 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
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
94.2%
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 →
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 23-07-2026, 8 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
8 d early
2024
6 d early
2023
12 d early
2022
24 d early
2021
15 d early
2020
28 d early
2019
20 d early
← 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 16 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 20 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Turnover
€677,809▲ 17.5%
2020 · €576,775
EBIT margin
8.6%▲ 2.0pp
2020 · 6.7%
Net result
€145,696▲ 6.0%
2024 · €137,426
Working capital
€712,088▲ 25.3%
2024 · €568,148
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
Turnover€677,809▲ 17.5%
Operating result€58,507▲ 51.9%€104,989▲ 79.4%€185,588▲ 76.8%€166,365▼ 10.4%€176,858▲ 6.3%
Net result€53,274within the sector's middle half▲ 58.5%€87,422within the sector's middle half▲ 64.1%€144,335within the sector's middle half▲ 65.1%€137,426within the sector's middle half▼ 4.8%€145,696above the sector's middle half▲ 6.0%
EBIT margin8.6%▲ 2.0pp
Equity€381,503within the sector's middle half▲ 15.7%€457,125within the sector's middle half▲ 19.8%€589,660within the sector's middle half▲ 29.0%€715,220within the sector's middle half▲ 21.3%€849,050within the sector's middle half▲ 18.7%
Total assets€503,007below the sector's middle half▲ 28.4%€594,154within the sector's middle half▲ 18.1%€749,987within the sector's middle half▲ 26.2%€846,739within the sector's middle half▲ 12.9%€901,577within the sector's middle half▲ 6.5%
Debt€121,504▲ 96.5%€137,029▲ 12.8%€160,327▲ 17.0%€131,519▼ 18.0%€52,528▼ 60.1%
Working capital€256,993within the sector's middle half▲ 39.6%€283,965within the sector's middle half▲ 10.5%€417,798within the sector's middle half▲ 47.1%€568,148within the sector's middle half▲ 36.0%€712,088within the sector's middle half▲ 25.3%
Solvency75.8%above the sector's middle half▼ 8.4pp76.9%above the sector's middle half▲ 1.1pp78.6%above the sector's middle half▲ 1.7pp84.5%above the sector's middle half▲ 5.8pp94.2%above the sector's middle half▲ 9.7pp
Current ratio3.12above the sector's middle half▼ 0.863.09above the sector's middle half▼ 0.033.62above the sector's middle half▲ 0.535.34above the sector's middle half▲ 1.7214.56above the sector's middle half▲ 9.21
Return on assets (ROA)10.6%within the sector's middle half▲ 2.0pp14.7%above the sector's middle half▲ 4.1pp19.2%above the sector's middle half▲ 4.5pp16.2%above the sector's middle half▼ 3.0pp16.2%above the sector's middle half▼ 0.1pp
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
The operating result recovers in 2025; 2025 is 6% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €901,577
Fixed assets
€136,962 ▼ 7.4%
Current assets
€764,616 ▲ 9.4%
Equity and liabilities €901,577
Equity
€849,050 ▲ 18.7%
Debt
€52,528 ▼ 60.1%
Debt's share of the balance-sheet total falls from 15.5% to 5.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€203,026▲
2024 · €191,443
Cash flow
€171,863▲
2024 · €162,504
Quick ratio
14.49▲
2024 · 5.32
Debt to equity
0.06▼
2024 · 0.18
ROE
17.2%▼
2024 · 19.2%
Interest coverage
168.12▼
2024 · 220.98
Debt ≤ 1 year
€52,528▼
2024 · €130,762
Income taxes
€37,255▲
2024 · €34,237
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,134 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.7%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.3% 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 20,134 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 |
|---|---|---|---|---|---|---|
| Turnover70 | €677,809 | - | - | - | - | - |
| Non-recurring operating income76A | €50,479 | - | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | €639,598 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €21,173 | €17,648 | €22,070 | €25,078 | €26,168 | ▲ 4.3% |
| Other operating charges640/8 | €9,010 | €9,371 | €10,125 | €12,427 | €12,918 | ▲ 3.9% |
| Gross operating margin9900 | €88,689 | €132,009 | €217,783 | €203,870 | €215,944 | ▲ 5.9% |
| Operating profit (loss)9901 | €58,507 | €104,989 | €185,588 | €166,365 | €176,858 | ▲ 6.3% |
| Financial income75/76B | €0 | €0 | €0 | €6,164 | €7,300 | ▲ 18.4% |
| Recurring financial income75 | €0 | €0 | €0 | €6,164 | €7,300 | ▲ 18.4% |
| Financial charges65/66B | €107 | €1,191 | €1,127 | €866 | €1,208 | ▲ 39.4% |
| Recurring financial charges65 | €107 | €1,191 | €1,127 | €866 | €1,208 | ▲ 39.4% |
| Profit (loss) for the period before taxes9903 | €58,399 | €103,799 | €184,461 | €171,663 | €182,951 | ▲ 6.6% |
| Income taxes67/77 | €5,126 | €16,376 | €40,126 | €34,237 | €37,255 | ▲ 8.8% |
| Profit (loss) for the period9904 | €53,274 | €87,422 | €144,335 | €137,426 | €145,696 | ▲ 6.0% |
| Transfer from tax-exempt reserves789 | €16,725 | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €69,999 | €87,422 | €144,335 | €137,426 | €145,696 | ▲ 6.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €503,007 | €594,154 | €749,987 | €846,739 | €901,577 | ▲ 6.5% |
| Fixed assets21/28 | €124,510 | €174,262 | €172,907 | €147,829 | €136,962 | ▼ 7.4% |
| Tangible fixed assets22/27 | €124,510 | €174,262 | €172,907 | €147,829 | €136,962 | ▼ 7.4% |
| Land and buildings22 | €121,940 | €115,945 | €110,966 | €105,987 | €101,008 | ▼ 4.7% |
| Plant, machinery and equipment23 | €2,570 | €22,488 | €33,832 | €21,453 | €23,284 | ▲ 8.5% |
| Furniture and vehicles24 | - | €35,829 | €28,109 | €20,389 | €12,669 | ▼ 37.9% |
| Current assets29/58 | €378,497 | €419,893 | €577,080 | €698,910 | €764,616 | ▲ 9.4% |
| Stocks and contracts in progress3 | €7,275 | €8,682 | €3,203 | €2,898 | €3,725 | ▲ 28.6% |
| Stocks30/36 | €7,275 | €8,682 | €3,203 | €2,898 | €3,725 | ▲ 28.6% |
| Amounts receivable within one year40/41 | €55,007 | €185,080 | €133,904 | €114,273 | €84,013 | ▼ 26.5% |
| Trade receivables40 | €50,721 | €183,083 | €128,525 | €113,443 | €83,878 | ▼ 26.1% |
| Other amounts receivable41 | €4,286 | €1,997 | €5,379 | €830 | €135 | ▼ 83.7% |
| Cash at bank and in hand54/58 | €316,215 | €226,131 | €439,973 | €581,740 | €676,878 | ▲ 16.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €503,007 | €594,154 | €749,987 | €846,739 | €901,577 | ▲ 6.5% |
| Equity10/15 | €381,503 | €457,125 | €589,660 | €715,220 | €849,050 | ▲ 18.7% |
| Contributions10/11 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €362,911 | €438,533 | €571,068 | €696,628 | €830,458 | ▲ 19.2% |
| Non-distributable reserves130/1 | €1,859 | €1,859 | - | - | - | - |
| Reserves not available under the articles1311 | €1,859 | €1,859 | - | - | - | - |
| Distributable reserves133 | €361,052 | €436,674 | €571,068 | €696,628 | €830,458 | ▲ 19.2% |
| Amounts payable17/49 | €121,504 | €137,029 | €160,327 | €131,519 | €52,528 | ▼ 60.1% |
| Amounts payable within one year42/48 | €121,504 | €135,928 | €159,283 | €130,762 | €52,528 | ▼ 59.8% |
| Trade debts44 | €101,662 | €70,937 | €98,571 | €63,827 | €28,821 | ▼ 54.8% |
| Suppliers440/4 | €101,662 | €70,937 | €98,571 | €63,827 | €28,821 | ▼ 54.8% |
| Taxes, remuneration and social security45 | €475 | €16,827 | €46,786 | €34,705 | €11,783 | ▼ 66.0% |
| Taxes450/3 | €475 | €16,827 | €46,786 | €34,705 | €11,783 | ▼ 66.0% |
| Other amounts payable47/48 | €19,367 | €48,164 | €13,925 | €32,230 | €11,923 | ▼ 63.0% |
| Accrued charges and deferred income492/3 | - | €1,102 | €1,044 | €758 | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €53,274 | €87,422 | €144,335 | €137,426 | €145,696 | ▲ 6.0% |
| + Depreciation and write-downs630 | €21,173 | €17,648 | €22,070 | €25,078 | €26,168 | ▲ 4.3% |
| Operating cash flow (approximation) | €74,446 | €105,071 | €166,405 | €162,504 | €171,863 | ▲ 5.8% |
| Investment in fixed assets (approximation) | - | -€67,400 | -€20,715 | €0 | -€15,300 | - |
| Change in cash | - | -€90,084 | €213,843 | €141,766 | €95,138 | ▼ 32.9% |
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
Next filing, fiscal year 2026, expected by
2026
23-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
08-07
State Gazette act
MiscellaneousAppointment: POUSEELE CARON BEDRIJFSREVISOREN (statutory auditor) · Demerger · Auditor report28 facts ▸
State Gazette act
Miscellaneous
Appointment: POUSEELE CARON BEDRIJFSREVISOREN (statutory auditor) · Demerger · Auditor report28 facts ▸
- General meeting, onder meer volgende beslissingen, buitengewone algemene vergadering van de Besloten Vennootschap FM MEAT
- Demerger, partiële splitsing, 08-05-2026
- Other statement, terinzage splitsingsvoorstel op zetel, zetel
- Other statement, ontvangst afschrift splitsingsvoorstel door aandeelhouders, uiterlijk één maand voor datum algemene vergadering
- Other statement, mogelijkheid tot kennisname stukken op zetel één maand voor algemene vergadering, zetel van de vennootschap
- Other statement, instemming ontbreken tussentijdse cijfers stand van vermogen, niet meer dan drie maanden voor datum splitsingsvoorstel vastgesteld
- Other statement, kennis inhoud documenten verslagen stukken en ontslag voorlezing voorzitter, vergadering
- Other statement, uitdrukkelijke stemming in algemene vergadering die over deelneming aan splitsing moet besluiten, verzaking verslag bestuursorgaan
- Other statement, uitdrukkelijke stemming in algemene vergadering die over deelneming aan splitsing moet besluiten, verzaking verslag deskundige
- Other statement, 24-06-2026
- Auditor appointment, POUSEELE CARON BEDRIJFSREVISOREN
- Auditor report, 24-06-2026
- +16 further facts in this act
21-05
State Gazette act
RestructuringDemerger · Share issue · Accounting effect4 facts ▸
State Gazette act
Restructuring
Demerger · Share issue · Accounting effect4 facts ▸
- Demerger, 06-05-2026
- Share issue, 408, 0
- Accounting effect, 01-01-2026
- Real estate, een aantal onroerende goederen die mee afgesplitst worden
2025
31-12
Financial
Highest result since 2018net €145,696 ▲6%
Net result €145,696, the highest in the series.
31-12
Financial
Liquidity triplescurrent ratio 14.56
Current ratio from 5.34 to 14.56; short-term debt falls from €130,762 to €52,528.
25-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
19-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Equity above €500,000Eq €589,660 ▲29%
6 profitable years in a row build equity to €589,660.
07-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
16-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
03-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
11-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Show earlier events
2019
31-12
Financial
Weakest financial yearnet €14,812 ▼44.7%
Net result drops to €14,812, the lowest in the series; recovery starts the following year.
20-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
16-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
28-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
2 of 3 acts read
About the unread acts
Of the 3 Belgian State Gazette acts we know for this company, 2 have been read. The other one has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
Statutory auditor 1
POUSEELE CARON BEDRIJFSREVISOREN
CurrentAuditor · since 08-07-2026
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Location & real-estate footprint
Registered office, Ieper · 1 establishment unit since 1994
Ground area
2,972 m²
Building footprint
1,614 m²
Volume, LiDAR
11,605 m³
Parcel 33305B0936/00S000, Flanders · tallest building 10.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Rozendaalstraat 125, 8900 Ieper
since 19942.066.160.277
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 33305B0936/00S000 | Flanders | 2,972 m² | 1 · 1,614 m² | 10.4 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.
Mandate history
1 person since 2026, 1 in office
- Statutory auditor
| Name | Functions and periods |
|---|---|
| POUSEELE CARON BEDRIJFSREVISOREN |
|
Articles of association
Purpose
De vennootschap heeft tot voorwerp, zowel in België als in het buitenland, voor eigen rekening of voor rekening van derden, of door deelname van dezen: de handel, de invoer en de…
Full purpose
De vennootschap heeft tot voorwerp, zowel in België als in het buitenland, voor eigen rekening of voor rekening van derden, of door deelname van dezen: de handel, de invoer en de uitvoer, het transport, het opfokken en het slachten van alle vee en dieren daarin onder meer begrepen de groothandel in varkens en biggen; en alle verhandelingen die daarmee verband houden; ... [full text of FM MEAT purpose]
Other statement
Uitdrukkelijke stemming in algemene vergadering die over deelneming aan splitsing moet besluiten, mogelijkheid verzaking mededeling belangrijke wijzigingen acti…
1 more provision on this in the deed
Structure & network
Connections & network
No current directors or connected companies found in the register.
Acquisitions and mergers
1 transactionDemerger with:MEONCO
Public money · subsidies and aid
Flemish government
2024 · 1 entry · 145 EUR awarded · 145 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 145 EUR | 145 EUR |
Recognitions · licences · registrations
Food safety, FASFC
1 siteIeper2.066.160.277
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Of 757 companies in sector 46321 we hold annual accounts for 554. 415 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
Founded18-01-1994
Fiscal year end31-12
Activities, NACEBEL 2025
46321Wholesale of meat and meat products, excluding game and poultry
10111Manufacture of food products
49410Freight transport by road
Contact
E-mail
fmmeat@skynet.be
Phone
057217842
Fax
057217842
E-invoicing
Reachable via Peppol
Peppol ID
0208:0452059095
Registered
27-03-2026
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.