GREEN MEAT
ActiveSummary
GREEN MEAT has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.08M and a net result of €127k. Equity is growing by ~7.7% per year across the filed fiscal years. Its solvency ranks better than 62% of 2283 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability75▲+20
Solvency84▲+9
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €80k at 30 days acceptable
Liquidity tight (current ratio 1.21 against 1.39 in 2023; short-term debt: 22.9% and cash: 0% of total assets), and 41.5% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Office administrative, office support and other business support activities (NACE 82)
about 37% fewer 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
58.5%
Return on assets
6.9%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 26-09-2025, 57 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
57 d late
2023
118 d late
2022
225 d late
2021
110 d late
2020
117 d late
2019
92 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€1.08M▲ 13.4%
2023 · €950k
2018: €617klowest in 7 years
2019: €732k▲ +18.7% vs 2018
2020: €811k▲ +10.8% vs 2019
2021: €892k▲ +9.9% vs 2020
2022: €949k▲ +6.5% vs 2021
2023: €950k▲ +0.1% vs 2022
2024: €1.08M▲ +13.4% vs 2023highest in 7 years
2018 → 2024
Total assets
€1.84M▼ 3.0%
2023 · €1.90M
2018: €2.73Mhighest in 7 years
2019: €2.69M▼ -1.3% vs 2018
2020: €2.46M▼ -8.4% vs 2019
2021: €2.46M▼ -0.3% vs 2020
2022: €2.14M▼ -13.1% vs 2021
2023: €1.90M▼ -11.2% vs 2022
2024: €1.84M▼ -3.0% vs 2023lowest in 7 years
2018 → 2024
Net result
€127k▲ 510%
2023 · €21k
2018: €-9klowest in 7 years
2019: €131k▲ +1503% vs 2018highest in 7 years
2020: €79k▼ -39.6% vs 2019
2021: €81k▲ +1.5% vs 2020
2022: €58k▼ -28.5% vs 2021
2023: €21k▼ -63.8% vs 2022
2024: €127k▲ +510% vs 2023
2018 → 2024
Working capital
€90k▼ 36.7%
2023 · €142k
2018: €-472klowest in 7 years
2019: €24k▲ +105% vs 2018
2020: €-78k▼ -428% vs 2019
2021: €-80k▼ -2.3% vs 2020
2022: €-104k▼ -30.9% vs 2021
2023: €142k▲ +237% vs 2022highest in 7 years
2024: €90k▼ -36.7% vs 2023
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€811k-€892k▲ 9.9%€949k▲ 6.5%€950k▲ 0.1%€1.08M▲ 13.4%
2020: €811klowest in 5 years
2021: €892k▲ +9.9% vs 2020
2022: €949k▲ +6.5% vs 2021
2023: €950k▲ +0.1% vs 2022
2024: €1.08M▲ +13.4% vs 2023highest in 5 years
Operating result€131k-€119k▼ 9.5%€75k▼ 36.6%€56k▼ 25.7%€169k▲ 202%
2020: €131k
2021: €119k▼ -9.5% vs 2020
2022: €75k▼ -36.6% vs 2021
2023: €56k▼ -25.7% vs 2022lowest in 5 years
2024: €169k▲ +202% vs 2023highest in 5 years
Net result€79k-€81k▲ 1.5%€58k▼ 28.5%€21k▼ 63.8%€127k▲ 510%
2020: €79k
2021: €81k▲ +1.5% vs 2020
2022: €58k▼ -28.5% vs 2021
2023: €21k▼ -63.8% vs 2022lowest in 5 years
2024: €127k▲ +510% vs 2023highest in 5 years
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 2024; 2024 is 202% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.84M
Fixed assets
€1.33M ▼ 4.6%
Current assets
€512k ▲ 1.5%
Equity and liabilities €1.84M
Equity
€1.08M ▲ 13.4%
Debt
€764k ▼ 19.3%
Debt's share of the balance-sheet total falls from 49.9% to 41.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€238k▲
2023 · €149k
Cash flow
€197k▲
2023 · €114k
Current ratio
1.21▼
2023 · 1.39
Debt to equity
0.71▼
2023 · 1.00
ROE
11.8%▲
2023 · 2.2%
ROA
6.9%▲
2023 · 1.1%
Interest coverage
5.68▲
2023 · 4.24
Debt ≤ 1 year
€422k▲
2023 · €363k
Debt > 1 year
€341k▼
2023 · €584k
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 · 2024 against 2023 · 56 lines
Balance sheet
Code20232024
Assets
Total assets20/58€1.90M€1.84M▼
Fixed assets21/28€1.39M€1.33M▼
Tangible fixed assets22/27€1.39M€1.33M▼
Land and buildings22€1.30M€1.26M▼
Plant, machinery and equipment23€81k€63k▼
Furniture and vehicles24€9k€3k▼
Other tangible fixed assets26€2k€2k=
Financial fixed assets28€225€225=
Current assets29/58€505k€512k▲
Amounts receivable within one year40/41€490k€508k▲
Trade receivables40€488k€504k▲
Other amounts receivable41€2k€4k▲
Current investments50/53€0-
Cash at bank and in hand54/58€10k€292▼
Deferred charges and accrued income490/1€5k€4k▼
Equity and liabilities
Total equity and liabilities10/49€1.90M€1.84M▼
Equity10/15€950k€1.08M▲
Contributions10/11€669k€669k=
Capital10€669k€669k=
Issued capital100€669k€669k=
Revaluation surpluses12€903k€859k▼
Reserves13€44k€87k▲
Distributable reserves133€44k€87k▲
Profit (loss) carried forward14€-666k€-539k▲
Amounts payable17/49€947k€764k▼
Amounts payable after more than one year17€584k€341k▼
Financial debts170/4€584k€341k▼
Amounts payable within one year42/48€363k€422k▲
Current portion of amounts payable after more than one year42€111k€220k▲
Financial debts43€100k€119k▲
Credit institutions430/8€100k€119k▲
Trade debts44€89k€73k▼
Suppliers440/4€89k€73k▼
Taxes, remuneration and social security45€29k€6k▼
Taxes450/3€29k€6k▼
Other amounts payable47/48€33k€4k▼
Accrued charges and deferred income492/3€466€339▼
Income statement
Code20232024
Non-recurring operating income76A€13k€35k▲
Remuneration, social security and pensions62€0-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€93k€70k▼
Other operating charges640/8€4k€5k▲
Non-recurring operating charges66A€7k€4k▼
Gross operating margin9900€160k€247k▲
Operating profit (loss)9901€56k€169k▲
Financial income75/76B€0€382▲
Recurring financial income75€0€382▲
Financial charges65/66B€35k€42k▲
Recurring financial charges65€35k€42k▲
Profit (loss) for the period before taxes9903€21k€127k▲
Profit (loss) for the period9904€21k€127k▲
Profit (loss) for the period to be appropriated9905€21k€127k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-646k€-539k▲
Profit (loss) brought forward from the previous period14P€-667k€-666k▲
Profit to be distributed694/7€20k€0▼
Directors or managers695€20k€0▼
Social balance
Average headcount (FTE)90870.00.0=
The notes to these accounts (21 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €486k | €108k | €13k | €35k | ▲ 165% |
| Remuneration, social security and pensions62 | - | €121k | €12k | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €84k | €96k | €59k | €93k | €70k | ▼ 24.9% |
| Other operating charges640/8 | - | €204k | €5k | €4k | €5k | ▲ 2.7% |
| Non-recurring operating charges66A | - | €961 | €12k | €7k | €4k | ▼ 42.3% |
| Gross operating margin9900 | €394k | €541k | €164k | €160k | €247k | ▲ 54.4% |
| Operating profit (loss)9901 | €131k | €119k | €75k | €56k | €169k | ▲ 202% |
| Financial income75/76B | - | €216 | €5k | €0 | €382 | - |
| Recurring financial income75 | €2k | €216 | €5k | €0 | €382 | - |
| Financial charges65/66B | - | €38k | €23k | €35k | €42k | ▲ 19.7% |
| Recurring financial charges65 | €53k | €38k | €23k | €35k | €42k | ▲ 19.7% |
| Profit (loss) for the period before taxes9903 | €79k | €81k | €58k | €21k | €127k | ▲ 510% |
| Profit (loss) for the period9904 | €79k | €81k | €58k | €21k | €127k | ▲ 510% |
| Profit (loss) for the period to be appropriated9905 | €79k | €81k | €58k | €21k | €127k | ▲ 510% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.46M | €2.46M | €2.14M | €1.90M | €1.84M | ▼ 3.0% |
| Fixed assets21/28 | €1.41M | €1.55M | €1.48M | €1.39M | €1.33M | ▼ 4.6% |
| Intangible fixed assets21 | €19k | €0 | - | - | - | - |
| Tangible fixed assets22/27 | €1.38M | €1.53M | €1.48M | €1.39M | €1.33M | ▼ 4.6% |
| Land and buildings22 | - | €1.34M | €1.34M | €1.30M | €1.26M | ▼ 3.0% |
| Plant, machinery and equipment23 | - | €147k | €112k | €81k | €63k | ▼ 22.7% |
| Furniture and vehicles24 | - | €43k | €23k | €9k | €3k | ▼ 64.1% |
| Other tangible fixed assets26 | - | €2k | €2k | €2k | €2k | = |
| Financial fixed assets28 | €14k | €14k | €4k | €225 | €225 | = |
| Current assets29/58 | €1.05M | €911k | €651k | €505k | €512k | ▲ 1.5% |
| Stocks and contracts in progress3 | €84k | €0 | - | - | - | - |
| Stocks30/36 | - | €0 | - | - | - | - |
| Amounts receivable within one year40/41 | €956k | €899k | €643k | €490k | €508k | ▲ 3.7% |
| Trade receivables40 | - | €675k | €640k | €488k | €504k | ▲ 3.4% |
| Other amounts receivable41 | - | €223k | €2k | €2k | €4k | ▲ 76.8% |
| Current investments50/53 | €112 | €112 | €112 | €0 | - | - |
| Cash at bank and in hand54/58 | €10k | €6k | €8k | €10k | €292 | ▼ 97.0% |
| Deferred charges and accrued income490/1 | - | €6k | €813 | €5k | €4k | ▼ 22.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.46M | €2.46M | €2.14M | €1.90M | €1.84M | ▼ 3.0% |
| Equity10/15 | €811k | €892k | €949k | €950k | €1.08M | ▲ 13.4% |
| Contributions10/11 | €669k | €669k | €669k | €669k | €669k | = |
| Capital10 | - | €669k | €669k | €669k | €669k | = |
| Issued capital100 | - | €669k | €669k | €669k | €669k | = |
| Revaluation surpluses12 | - | €947k | €947k | €903k | €859k | ▼ 4.8% |
| Reserves13 | - | - | - | €44k | €87k | ▲ 100% |
| Distributable reserves133 | - | - | - | €44k | €87k | ▲ 100% |
| Profit (loss) carried forward14 | €-805k | €-724k | €-667k | €-666k | €-539k | ▲ 19.1% |
| Amounts payable17/49 | €1.65M | €1.57M | €1.19M | €947k | €764k | ▼ 19.3% |
| Amounts payable after more than one year17 | €525k | €571k | €431k | €584k | €341k | ▼ 41.6% |
| Financial debts170/4 | - | €571k | €431k | €584k | €341k | ▼ 41.6% |
| Amounts payable within one year42/48 | €1.13M | €991k | €756k | €363k | €422k | ▲ 16.5% |
| Current portion of amounts payable after more than one year42 | - | €140k | €247k | €111k | €220k | ▲ 98.0% |
| Financial debts43 | - | €150k | €100k | €100k | €119k | ▲ 19.2% |
| Credit institutions430/8 | - | €150k | €100k | €100k | €119k | ▲ 19.2% |
| Trade debts44 | €602k | €689k | €399k | €89k | €73k | ▼ 17.9% |
| Suppliers440/4 | - | €689k | €399k | €89k | €73k | ▼ 17.9% |
| Taxes, remuneration and social security45 | - | €2k | €9k | €29k | €6k | ▼ 79.9% |
| Taxes450/3 | - | €2k | €9k | €29k | €6k | ▼ 79.9% |
| Remuneration and social security454/9 | - | €0 | - | - | - | - |
| Other amounts payable47/48 | - | €10k | €0 | €33k | €4k | ▼ 87.4% |
| Accrued charges and deferred income492/3 | - | €3k | €159 | €466 | €339 | ▼ 27.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €79k | €81k | €58k | €21k | €127k | ▲ 510% |
| + Depreciation and write-downs630 | €84k | €96k | €59k | €93k | €70k | ▼ 24.9% |
| Operating cash flow (approximation) | €164k | €177k | €117k | €114k | €197k | ▲ 73.4% |
| Investment in fixed assets (approximation) | - | €-228k | €1k | €-478 | €-6k | ▼ 1,160% |
| Change in cash | - | €-5k | €2k | €2k | €-9k | ▼ 576% |
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
26-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 57 days late
2024
31-12
Financial
Equity above €1MEq €1.08M ▲13.4%
6 profitable years in a row build equity to €1.08M.
26-11
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 118 days late
12-03
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 225 days late
2022
18-11
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 110 days late
2021
25-11
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 117 days late
2020
31-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 92 days late
2019
31-12
Financial
Back to profitnet €131k
Net result €131k after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 31 days late
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 60 days late
2016
23-06
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 4 acts read
About the unread acts
We know of 4 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
4 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, Kortrijk · 1 establishment unit since 1994
Ground area
473 m²
Parcel 34022E0024/00W036, Flanders. Linked by address, not a title deed.
1 establishment unit
Koning Albertstraat(Kor) 7/4.1, 8500 Kortrijk
since 19942.065.302.620
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34022E0024/00W036 | Flanders | 473 m² | - | - |
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.
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Of 24,497 companies in sector 82990 we hold annual accounts for 9,406. 4,395 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
Founded17-12-1993
Fiscal year end31-12
Activities, NACEBEL 2025
82990Other business support services
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
Contact
Phone
056/42.02.50Kortrijk
Fax
056/42.10.67Kortrijk
Scores and ratios are computed by Checked and are not a credit decision.