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GOOD MEAT

Active
Public limited companyfounded 198045 yrs activeVenecolaan 28, 9880 Aalter, BelgiumKBO/BCE: BE 0421.252.588
Summary

GOOD MEAT has been active since 1980 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.06M and a net result of €85k. Equity is growing by ~8.1% per year across the filed fiscal years. Its solvency ranks better than 16% of 4867 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).

Checked score

Score 2025
54 / 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability49▼-2
Solvency39=
Growth66=
Track record100
Bankruptcy probability, 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €55k at 30 days acceptable
Liquidity short (current ratio 0.88 against 1.09 in 2024; short-term debt: 62.5% and cash: 0.1% of total assets), and 85.6% of the assets are financed with debt.
Credit advice for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.
lowers risk+raises riskneutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 45 years 0 50 y
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
14.4%
Return on assets
1.2%
Age of the figures
9 mo
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
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
Sector 46
higher
← fewer bankruptcies more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 4867 sector peers (2025).
NBB · sector comparison
Position among 4867 sector peers
Solvency
better than 16%
← weakest strongest →
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 02-07-2026, 29 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
29 d early
2024
27 d early
2023
27 d early
2022
28 d early
2021
34 d early
2020
12 d early
2019
7 d early
← before the deadline after the deadline →
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.
Companies Code · seven months
Position in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

Financials · fiscal year 2025, full schema

Turnover
€23.79M▲ 3.2%
2024 · €23.05M
2018: €19.14M 2019: €19.71M 2020: €15.26M 2021: €17.60M 2022: €22.32M 2023: €23.06M 2024: €23.05M
2018 → 2025
EBIT margin
0.9%▼ 0.6pp
2024 · 1.5%
2018: 0.8% 2019: 1.4% 2020: -1.4% 2021: 0.5% 2022: 1.6% 2023: 0.5% 2024: 1.5%
2018 → 2025
Net result
€85k▼ 48.4%
2024 · €165k
2018: €27k 2019: €138k 2020: €-270k 2021: €42k 2022: €235k 2023: €26k 2024: €165k
2018 → 2025
Working capital
€-554k
2024 · €357k
2018: €-223k 2019: €-212k 2020: €-142k 2021: €-224k 2022: €-334k 2023: €-259k 2024: €357k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise ▼ fall
Line20212022202320242025Trend
Turnover€17.60M-€22.32M▲ 26.8%€23.06M▲ 3.3%€23.05M=€23.79M▲ 3.2%
Equity€526k-€758k▲ 44.2%€792k▲ 4.4%€982k▲ 24.1%€1.06M▲ 8.1%
Operating result€90k-€350k▲ 291%€115k▼ 67.3%€339k▲ 196%€202k▼ 40.3%
Net result€42k-€235k▲ 454%€26k▼ 89.1%€165k▲ 542%€85k▼ 48.4%
Result per fiscal year
Operating resultNet result
€0€100k€200k€300k€400kOperating result 2021: €90k€90kNet result 2021: €42k€42kOperating result 2022: €350k€350kNet result 2022: €235k€235kOperating result 2023: €115k€115kNet result 2023: €26k€26kOperating result 2024: €339k€339kNet result 2024: €165k€165kOperating result 2025: €202k€202kNet result 2025: €85k€85k20212022202320242025€0€100k€200k€300kOperating result 2023: €115k€115kNet result 2023: €26k€26kOperating result 2024: €339k€339kNet result 2024: €165k€165kOperating result 2025: €202k€202kNet result 2025: €85k€85k202320242025
The operating result falls in 2025; 2025 is 40% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €7.36M
Fixed assets €3.32M ▲ 17.4%
Current assets €4.05M ▼ 4.9%
Equity and liabilities €7.36M
Equity €1.06M ▲ 8.1%
Debt €6.30M ▲ 3.3%
Debt's share of the balance-sheet total falls from 86.1% to 85.6%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€588k
2024 · €664k
Cash flow
€471k
2024 · €490k
Current ratio
0.88
2024 · 1.09
Quick ratio
0.64
2024 · 0.82
Debt to equity
5.94
2024 · 6.21
ROE
8.0%
2024 · 16.8%
ROA
1.2%
2024 · 2.3%
Interest coverage
4.53
2024 · 4.73
Debt ≤ 1 year
€4.60M
2024 · €3.90M
Debt > 1 year
€1.68M
2024 · €2.18M
Income taxes
€8k
2024 · €53k
Staff costs
€1.64M
2024 · €1.75M
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 · 81 lines
Balance sheet Code20242025
Assets
Total assets20/58€7.08M€7.36M
Fixed assets21/28€2.83M€3.32M
Intangible fixed assets21€91k€155k
Tangible fixed assets22/27€2.73M€3.16M
Land and buildings22€1.78M€2.07M
Plant, machinery and equipment23€578k€668k
Furniture and vehicles24€118k€231k
Leasing and similar rights25€248k€187k
Other tangible fixed assets26€9k€9k=
Current assets29/58€4.26M€4.05M
Stocks and contracts in progress3€1.06M€1.09M
Stocks30/36€1.06M€1.09M
Raw materials and consumables30/31€217k€212k
Goods purchased for resale34€848k€877k
Amounts receivable within one year40/41€2.84M€2.90M
Trade receivables40€1.83M€1.87M
Other amounts receivable41€1.01M€1.02M
Cash at bank and in hand54/58€300k€9k
Deferred charges and accrued income490/1€46k€51k
Equity and liabilities
Total equity and liabilities10/49€7.08M€7.36M
Equity10/15€982k€1.06M
Contributions10/11€320k€320k=
Capital10€320k€320k=
Issued capital100€320k€320k=
Reserves13€146k€702k
Non-distributable reserves130/1€52k€52k=
Legal reserve130€52k€52k=
Tax-exempt reserves132€85k€85k=
Distributable reserves133€10k€565k
Profit (loss) carried forward14€471k€0
Investment grants15€45k€39k
Amounts payable17/49€6.10M€6.30M
Amounts payable after more than one year17€2.18M€1.68M
Financial debts170/4€2.18M€1.68M
Leasing and similar obligations172€172k€120k
Credit institutions173€1.09M€1.34M
Other loans174€919k€221k
Amounts payable within one year42/48€3.90M€4.60M
Current portion of amounts payable after more than one year42€342k€1.07M
Financial debts43€579k€632k
Credit institutions430/8€579k€632k
Trade debts44€2.68M€2.63M
Suppliers440/4€2.68M€2.63M
Taxes, remuneration and social security45€272k€245k
Taxes450/3€88k€79k
Remuneration and social security454/9€184k€167k
Other amounts payable47/48€27k€26k
Accrued charges and deferred income492/3€24k€21k
Income statement Code20242025
Operating income70/76A€23.11M€23.84M
Turnover70€23.05M€23.79M
Other operating income74€54k€55k
Operating charges60/66A€22.77M€23.64M
Goods for resale, raw materials and consumables60€17.96M€18.79M
Purchases600/8€17.96M€18.81M
Change in stocks: decrease (increase)609€2k€-23k
Services and other goods61€2.68M€2.75M
Remuneration, social security and pensions62€1.75M€1.64M
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€325k€386k
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€13k€24k
Other operating charges640/8€33k€33k
Non-recurring operating charges66A€10k€14k
Operating profit (loss)9901€339k€202k
Financial income75/76B€27k€29k
Recurring financial income75€27k€29k
Income from current assets751€17k€18k
Other financial income752/9€10k€11k
Financial charges65/66B€148k€138k
Recurring financial charges65€148k€138k
Debt charges650€140k€130k
Other financial charges652/9€8k€8k
Profit (loss) for the period before taxes9903€218k€93k
Income taxes67/77€53k€8k
Taxes670/3€57k€9k
Tax adjustments and reversals of tax provisions77€4k€1k
Profit (loss) for the period9904€165k€85k
Profit (loss) for the period to be appropriated9905€165k€85k
Appropriation of the result
Profit (loss) to be appropriated9906€471k€556k
Profit (loss) brought forward from the previous period14P€306k€471k
Transfer to equity691/2-€556k
To other reserves6921-€556k
Social balance
Average headcount (FTE)908730.128.1

The notes to these accounts (85 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Download as CSV

Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
21-09
State Gazette act Reappointment: Moore Audit BV (statutory auditor)
Permanent representative: Kristof Planquette · Power of attorney4 facts ▸
  • General meeting, 27-06-2026
  • Auditor reappointment, Moore Audit BV (statutory auditor)
  • Permanent representative, Kristof Planquette (permanent representative)
  • Power of attorney, Luminad
28-07
State Gazette act Restructuring
Appointment: MOORE AUDIT (statutory auditor) · Merger · Capital11 facts ▸
  • Board meeting, 20 juli 2026
  • Merger
  • Capital, €320.000
  • Share issue, 2580, fusie door overneming
  • Share cancellation, 3200, EUR
  • Capital increase, €768.469,93
  • Capital decrease, €429.321,85
  • Capital, €659.148,08
  • Accounting effect, 1 januari 2026
  • Auditor appointment, MOORE AUDIT
  • Share-exchange ratio, 2580, 31000
02-07
NBB filing Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial Equity above €1MEq €1.06M ▲8.1%
5 profitable years in a row build equity to €1.06M.
04-07
NBB filing Annual accounts filed
fiscal year 2024 · full schema
2024
04-07
NBB filing Annual accounts filed
fiscal year 2023 · full schema
2023
03-07
NBB filing Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial Highest result since 2018net €235k ▲454%
Operating result €350k, net result €235k, both a record.
27-06
NBB filing Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial Back to profitnet €42k
Net result €42k after one loss-making year.
31-12
Financial Equity above €500kEq €526k ▲8.2%
Equity rises from €486k to €526k.
19-07
NBB filing Annual accounts filed
fiscal year 2020 · full schema
Show earlier events
2020
31-12
Financial Weakest financial yearnet €-270k ▼296%
Net result drops to €-270k, the lowest in the series; recovery starts the following year.
24-07
NBB filing Annual accounts filed
fiscal year 2019 · full schema
2019
26-07
NBB filing Annual accounts filed
fiscal year 2018 · full schema
2018
02-08
NBB filing Annual accounts filed
fiscal year 2017 · full schema · 2 days late
2017
03-08
NBB filing Annual accounts filed
fiscal year 2016 · full schema · 3 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Aalter · 1 establishment unit since 2010
establishment The establishment unit on the map
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.

Venecolaan 289880 Aalter
Ground area
2,973 m²
Building footprint
2,004 m²
Volume, LiDAR
9,472 m³
Parcel 44001B0083/00P002, Flanders · tallest building 11.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
GOOD MEAT
Venecolaan 28, 9880 AalterManufacture of food products
since 20102.186.210.348
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
44001B0083/00P002 Flanders 2,973 m² 1 · 2,004 m² 11.5 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.

Statutory auditor

1 auditor
Moore AuditCurrent
Auditor
27-06-2026 → present

Articles of association

Purpose
De vennootschap heeft tot voorwerp: Voor eigen rekening of voor rekening van derden, alle verrichtingen die rechtstreeks of onrechtstreeks betrekking hebben op: 1) De groot- en…
Full purpose

De vennootschap heeft tot voorwerp: Voor eigen rekening of voor rekening van derden, alle verrichtingen die rechtstreeks of onrechtstreeks betrekking hebben op: 1) De groot- en kleinhandel, de aan- en verkoop, de import en export, de stockering, het invriezen van en de handel in vlees en vleeswaren, levend en geslacht vee en daarin onder meer begrepen zijnde vlees afkomstig van runderen, varkens, paarden, schapen, gevogelte, etc. Deze opsomming enkel aanduidend zijnde en geenszins beperkend; 2) De versnijding, bewerking, verwerking en verpakking van vers en diepgevroren vlees; 3) De productie van vers vlees en vleeswaren; 4) De aan- en verkoop, de vertegenwoordiging en commissie en consignatie van alle artikelen van en voor grootwarenhuizen, horeca en zelfstandige beenhouwers en slagers, namelijk: - voedingswaren: zuivelproducten, kruideniers- en koloniale waren, vleeswaren (vers, gerookt, gedroogd en bewerkt). Bovenstaande omschrijvingen zijn aanwijzend doch niet beperkend; 5) Het logistiek ondersteun, service en platform werking voor rekening van derden van vlees, vleeswaren en artikelen van en voor grootwarenhuizen, horeca en zelfstandige beenhouwers zoals opgenomen in punt 4 hierboven; 6) De productie, het samenstellen, de groot- en kleinhandel, de invoer en uitvoer van allerlei samengestelde veevoederproducten met de eraan verbonden kwaliteitselectie en research; 7) Het stockeren van goederen voor derden in de ruimste zin van het woord; 8) De aan- en verkoop van alle machines en know-how die betrekking hebben op de verschillende activiteiten; 9) Het verrichten, in het binnen- en buitenland, van algemeen vervoer zowel van goederen als van personen, en dit zowel voor eigen rekening als voor rekening van derden; 10) Het onderzoek, de ontwikkeling, de vervaardiging of commercialisering van nieuwe producten, nieuwe vormen van technologie en hun toepassingen. Zij mag, zowel in België als in het buitenland, alle mogelijke handelingen verrichten van commerciële, financiële, roerende en onroerende aard, die in rechtstreeks of onrechtstreeks verband staan met haar voorwerp. De vennootschap mag alle industriële, commerciële of financiële verrichtingen doen, zowel roerende als onroerende, die rechtstreeks of onrechtstreeks, geheel of gedeeltelijk, in betrekking staan tot haar voorwerp. De vennootschap mag belangen nemen, op elke mogelijke wijze in alle vennootschappen of ondernemingen die een gelijkluidend, aanvullen of soortgelijk voorwerp nastreven, of die van aard. Het verlenen van adviezen van financiële, technische, commerciële of administratieve aard; in de ruimste zin, met uitzondering van adviezen inzake vermogensbeheer of beleggingsadvies; bijstand en diensten verlenen, rechtstreeks of onrechtstreeks op het vlak van administratie en financiën, verkoop, productie en algemeen bestuur. Beheer van een eigen roerend en onroerend vermogen. Het aanleggen, het oordeelkundig uitbouwen en beheren van een onroerend vermogen; alle verrichtingen met betrekking tot onroerende goederen en onroerende zakelijke rechten zoals de huurfinanciering van onroerende goederen aan derden, het aankopen, verkopen, ruilen, bouwen, verbouwen, onderhouden, verhuren, huren, verkavelen, prospecteren en uitbaten van onroerende goederen; de aan-en verkoop, huur en verhuur van roerende goederen, alsmede alle handelingen die rechtstreeks of onrechtstreeks met dit doel in verband staan en die van aard zijn de opbrengst van de roerende en onroerende goederen te bevorderen, alsmede zich borg te stellen voor het goede verkoop van verbintenissen door derde personen aangegaan die het genot zouden hebben van deze roerende en onroerende goederen. De vennootschap mag leningen verrichten aan derden (rechtspersonen en ondernemingen of particulieren) of waarborgen stellen voor derden. In het algemeen zal de vennootschap alle handelingen mogen verrichten in rechtstreeks of onrechtstreeks, geheel of gedeeltelijk verband met haar maatschappelijk voorwerp, of handelingen die van aard zijn de verwezenlijking van dat voorwerp te vergemakkelijken. Het ontwikkelen, kopen, verkopen, in licentie nemen of geven van octrooien, knowhow en aanverwante immateriële activa.

Structure & network

Acquisitions and mergers

1 transaction
BE 0421.259.518proposal · State Gazette act of 28-07-2026 (2 acts)

Capital and shareholders

Capital over the years
  1. 28-07-2026 Capital increase of 768,469.93 EUR
  2. 28-07-2026 Capital reduction of 429,321.85 EUR · “vernietiging eigen aandelen”

Public money · subsidies and aid

Flemish government

2022 to 2025 · 14 entries · 86,988 EUR awarded · 83,652 EUR paid
Year Entries awardedpaid
2025 3 2,418 EUR32,036 EUR
2024 3 31,099 EUR11,553 EUR
2023 3 1,183 EUR23,275 EUR
2022 5 52,288 EUR16,788 EUR
Schemes
Ecologiepremie+
3 entries · 29,900 EUR · 29,900 EUR paid · Fonds voor Innoveren en Ondernemen
Call groene stroom (stopgezet)
2 entries · 13,000 EUR · 10,400 EUR paid · Vlaams Energie- en Klimaatagentschap
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
4 entries · 12,323 EUR · 11,587 EUR paid · Fonds voor Innoveren en Ondernemen
Werkbaarheidscheque (stopgezet)
2 entries · 6,765 EUR · 6,765 EUR paid · Departement Werk en Sociale Economie
Kmo-groeisubsidie: steun voor groeitrajecten bij kmo's (stopgezet)
2 entries · 25,000 EUR paid · Fonds voor Innoveren en Ondernemen

Recognitions · licences · registrations

Food safety, FASFC

1 site
Aalter2.186.210.348
7 permissions
Erkenning · Fabrikant vleesbereidingen · since 29-10-2015
Erkenning · Gekoelde opslag vlees · since 26-06-2012
Toelating · Groothandelaar levensmiddelen · since 26-06-2012
and 4 more

Similar companies · same sector, comparable size

Of 1,425 companies in sector 46389 we hold annual accounts for 855. 464 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Company data · Crossroads Bank

Identification
Legal formPublic limited company
Founded10-12-1980
Fiscal year end31-12
Activities, NACEBEL 2025
46321Wholesale of meat and meat products, excluding game and poultry
46389Wholesale of other food products
46322Wholesale trade
Sources
Crossroads Bank for EnterprisesNational Bank · 45 filingsAddress and cadastre registers

Scores and ratios are computed by Checked and are not a credit decision.