Summary
Conclusion
the dossier summarised in one paragraphThe computed 12-month bankruptcy probability of HL Meat is 2.2% (moderate). The 2025 annual accounts show equity of €23k and a net result of €655. Equity remains stable across the filed fiscal years (±2.2% per year). Its solvency ranks better than 26% of 1230 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags).
Based on the State Gazette, CBE and 3 annual accounts.
Signals
1 signal · with evidenceSignals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.
Filing behaviour
From the deposit records, complete market-wide| Year closed | Due by | Filed | Variance | Reference |
|---|---|---|---|---|
| 31-12-2025 | 31-07-2026 | 31-07-2026 | on the day | 2026-00376397 |
| 31-12-2024 | 31-07-2025 | 26-08-2025 | 26 d late | 2025-00425369 |
| 31-12-2023 | 31-07-2024 | 20-08-2024 | 20 d late | 2024-00360373 |
Source: the National Bank's deposit records, as we have ingested them. NOTE: our copy has a gap across June to August 2026, missing roughly 220,000 deposits; for July we hold 15,605 of about 137,000 expected. A year whose deadline falls in that window shows as not confirmed, not as not filed. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.
Trust signals
1 signalAdministrative Flags
1 eventBankruptcy probability (12 mo)
Checked model v1 · free for everyoneStatistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
Financials
Annual accounts & ratios
Source: NBB · 2025How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 4.5% | 20.3% | |
| Net result | €341 | €25k | |
| Equity | €23k | €142k | |
| Gross operating margin | €92k | €215k | |
| Staff costs | €82k | €160k |
Show 10 other metrics
| Fiscal year | 2025 |
|---|---|
| Deposit | volledig |
| Revenue | - |
| EBITDA | €9k |
| Net profit | €655 |
| Cash flow | €8k |
| Staff costs | €51k |
| Income taxes | €902 |
| Dividends | - |
| Total assets | €401k |
| Equity | €23k |
| Debt | €377k |
| of which ≤ 1y | €324k |
| of which > 1y | - |
| Working capital | €64k |
| Employees (FTE) | 2.8 |
| 2025 | |
|---|---|
| Current ratio | 1.20 |
| Quick ratio | 1.17 |
| Working capital ratio | 15.9% |
| Solvency | 5.8% |
| Debt / equity | 16.29 |
| Long-term debt ratio | - |
| Interest coverage | 84.14 |
| Gross margin | - |
| Net margin | - |
| ROA | 0.2% |
| ROE | 2.8% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Full annual accounts (21 line items)
| Line item | Code | 2025 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €401k |
| Fixed assets | 21/28 | €13k |
| Tangible fixed assets | 22/27 | €13k |
| Current assets | 29/58 | €387k |
| Stocks & contracts in progress | 3 | €7k |
| Amounts receivable within one year | 40/41 | €334k |
| Cash & bank | 54/58 | €44k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €401k |
| Equity | 10/15 | €23k |
| Contributions / capital | 10/11 | €19k |
| Reserves | 13 | €5k |
| Amounts payable | 17/49 | €377k |
| Amounts payable within one year | 42/48 | €324k |
| Trade debts payable within one year | 44 | €318k |
| Income statement | ||
| Gross operating margin | 9900 | €61k |
| Operating result | 9901 | €2k |
| Financial charges | 65 | €112 |
| Result before taxes | 9903 | €2k |
| Income taxes | 67/77 | €902 |
| Net result for the period | 9904 | €655 |
| Result to be appropriated | 9905 | €655 |
Health barometer
FY 2025 · computedThe full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.
See plans →Structure & network
Locations & real estate
Registered office
on the map · from the address registerEstablishment units
1 locationReal-estate footprint
Source: CBE × cadastre · address linkingParcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71034A3212/00B000 | Flanders | 5,320 m² | 1 · 1,990 m² | 6.0 m · 1 fl. |
| 71024A0111/00N000 | Flanders | 3,697 m² | 1 · 1,731 m² | 5.7 m · 1 fl. |
Publications
Lifecycle & Insolvency Signals
1 event from the State GazetteTime machine: BS events + macro context
2021-2026Belgisch Staatsblad · acts
1 act03-03-2025 Registered office moved from Hasselt to Leopoldsburg
- Banneuxstraat 11 3500 Hasselt → Lidostraat 13/2 3970 Leopoldsburg
Analysis
Financial profile
5 of 5 axes measuredMixed profile: strong on stability, weaker on profitability.
All 5 axes are computed from data Checked has read.
Credit advice
verdict per customer and amountSimilar
Similar companies
Comparable size, same sectorCompany registry
Company registry (CBE)
Crossroads Bank| Legal nameNL | HL Meat |
- 28-02-2025 Address strikeout annulled