LR - BEEF

Active

Private limited companyfounded 201115 yrs activeDrogenbroodstraat(S.B.V.) 2, 8710 Wielsbeke, BelgiumKBO/BCE: BE 0835.466.047

LR - BEEF has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €61k and a net result of €7k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 12% of 803 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.1% (low).

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Checked score

Score 2024

35 / 100

Weak

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability20▼-50

Solvency30▼-1

Growth78=

Track record100

Bankruptcy probability, 12 months

1.1% Low

0%0.5%1.5%4%10%≥ 25%

Credit up to €2k at 30 days only on tighter terms

Liquidity tight (current ratio 1.03 against 1.06 in 2023; short-term debt: 93.2% and cash: 0.1% of total assets), and 94.5% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Seven signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 10

Relative position

BE, all sectors

reference

Sector 10

higher

← fewer bankruptcies more bankruptcies →

Multiple establishment units

Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.

KBO · establishment units

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

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 12% of 803 sector peers (2024).

NBB · sector comparison

Position among 803 sector peers

Solvency

better than 12%

← weakest strongest →

Growing equity

Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.

NBB · annual accounts 2024

Equity per financial year

18192021222324

2018 to 2024 · latest year €61k

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 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 filings

Deviation from the deadline

2025

not confirmed

2024

61 d late

2023

58 d late

2022

60 d late

2021

88 d late

2020

124 d late

2019

119 d late

← before the deadline after the deadline →

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 2024, abbreviated schema

Equity

€61k▲ 12.6%

2023 · €54k

2018: €-124k 2019: €-118k 2020: €-5k 2021: €48k 2022: €49k 2023: €54k

2018 → 2024

Total assets

€1.12M▲ 32.6%

2023 · €842k

2018: €325k 2019: €458k 2020: €547k 2021: €725k 2022: €818k 2023: €842k

2018 → 2024

Net result

€7k▲ 34.4%

2023 · €5k

2018: €-107k 2019: €6k 2020: €113k 2021: €53k 2022: €2k 2023: €5k

2018 → 2024

Working capital

€31k▼ 36.7%

2023 · €49k

2018: €-151k 2019: €-128k 2020: €-20k 2021: €35k 2022: €55k 2023: €49k

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€-5k-€48k€49k▲ 3.5%€54k▲ 10.3%€61k▲ 12.6%

Operating result€115k-€77k▼ 32.6%€-40k€7k€-25k

Net result€113k-€53k▼ 53.3%€2k▼ 96.9%€5k▲ 209%€7k▲ 34.4%

Turnover and EBIT margin not published: the abbreviated schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result turns negative in 2024: a loss of €25k after €7k in 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €1.12M

95.9%

Fixed assets €45k▲ 86.5%

Current assets €1.07M▲ 31.0%

Equity and liabilities €1.12M

94.4%

Equity €61k▲ 12.6%

Provisions €914▼ 20.2%

Debt €1.05M▲ 34.1%

The debt ratio rises from 93.4% to 94.4%. Equity and debt are higher.

Key figures and ratios

2024 value · change against 2023

EBITDA

€-16k▼

2023 · €10k

Cash flow

€15k▲

2023 · €8k

Solvency

5.5%▼

2023 · 6.5%

Current ratio

1.03▼

2023 · 1.06

Quick ratio

1.00▼

2023 · 1.02

Debt / equity

17.18▲

2023 · 14.43

ROE

11.2%▲

2023 · 9.4%

ROA

0.6%▲

2023 · 0.6%

Interest coverage

-4.79▼

2023 · 15.06

Debt

€1.05M▲

2023 · €786k

Debt ≤ 1 year

€1.04M▲

2023 · €768k

Debt > 1 year

€13k=

2023 · €13k

Income taxes

€6k▲

2023 · €2k

Staff costs

€33k▲

2023 · €20k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€842k€1.12M▲

Fixed assets21/28€24k€45k▲

Tangible fixed assets22/27€24k€45k▲

Plant, machinery and equipment23€3k€6k▲

Furniture and vehicles24€21k€40k▲

Current assets29/58€817k€1.07M▲

Stocks and contracts in progress3€31k€35k▲

Stocks30/36€31k€35k▲

Amounts receivable within one year40/41€784k€1.03M▲

Trade receivables40€771k€1.02M▲

Other amounts receivable41€13k€14k▲

Cash at bank and in hand54/58€549€1k▲

Deferred charges and accrued income490/1€2k€3k▲

Equity and liabilities

Total equity and liabilities10/49€842k€1.12M▲

Equity10/15€54k€61k▲

Contributions10/11€19k€19k=

Reserves13€5k€5k▼

Non-distributable reserves130/1€0-

Reserves not available under the articles1311€0-

Tax-exempt reserves132€3k€3k▼

Distributable reserves133€2k€2k=

Profit (loss) carried forward14€31k€38k▲

Provisions and deferred taxes16€1k€914▼

Deferred taxes168€1k€914▼

Amounts payable17/49€786k€1.05M▲

Amounts payable after more than one year17€13k€13k=

Other amounts payable178/9€13k€13k=

Amounts payable within one year42/48€768k€1.04M▲

Trade debts44€723k€1.01M▲

Suppliers440/4€723k€1.01M▲

Taxes, remuneration and social security45€40k€29k▼

Taxes450/3€35k€19k▼

Remuneration and social security454/9€5k€10k▲

Other amounts payable47/48€6k€1k▼

Accrued charges and deferred income492/3€5k€2k▼

Income statement Code20232024

Non-recurring operating income76A€5k€0▼

Remuneration, social security and pensions62€20k€33k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€8k▲

Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€120k€8k▼

Other operating charges640/8€4k€6k▲

Non-recurring operating charges66A-€18k

Gross operating margin9900€155k€48k▼

Operating profit (loss)9901€7k€-25k▼

Financial income75/76B€2k€41k▲

Recurring financial income75€2k€23k▲

Non-recurring financial income76B€0€18k▲

Financial charges65/66B€687€3k▲

Recurring financial charges65€687€3k▲

Non-recurring financial charges66B€0-

Profit (loss) for the period before taxes9903€8k€12k▲

Transfer from deferred taxes780€11€231▲

Transfer to deferred taxes680€1k€0▼

Income taxes67/77€2k€6k▲

Profit (loss) for the period9904€5k€7k▲

Transfer from tax-exempt reserves789€34€694▲

Transfer to tax-exempt reserves689€3k€0▼

Profit (loss) for the period to be appropriated9905€2k€8k▲

Appropriation of the result

Profit (loss) to be appropriated9906€31k€38k▲

Profit (loss) brought forward from the previous period14P€29k€31k▲

Social balance

Average headcount (FTE)90870.41.3▲

The notes to these accounts (18 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 12Financial 2Filings 10

2025

30-09

NBB filing Annual accounts filed

fiscal year 2024 · abbreviated schema · 61 days late

2024

27-09

NBB filing Annual accounts filed

fiscal year 2023 · abbreviated schema · 58 days late

2023

29-09

NBB filing Annual accounts filed

fiscal year 2022 · abbreviated schema · 60 days late

2022

27-10

NBB filing Annual accounts filed

fiscal year 2021 · abbreviated schema · 88 days late

2021

02-12

NBB filing Annual accounts filed

fiscal year 2020 · abbreviated schema · 124 days late

2020

31-12

Financial Highest result since 2018net €113k ▲1798%

Operating result €115k, net result €113k, both a record.

27-11

NBB filing Annual accounts filed

fiscal year 2019 · abbreviated schema · 119 days late

2019

31-12

Financial Back to profitnet €6k

Net result €6k after one loss-making year.

10-10

NBB filing Annual accounts filed

fiscal year 2018 · abbreviated schema · 71 days late

2018

05-10

NBB filing Annual accounts filed

fiscal year 2017 · abbreviated schema · 66 days late

2017

26-07

NBB filing Annual accounts filed

fiscal year 2016 · abbreviated schema

2016

22-06

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.

Directors · office · real estate

Directors

3 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, Wielsbeke · 2 establishment units since 2011

establishment approximate All 2 establishment units 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.

Drogenbroodstraat(S.B.V.) 28710 Wielsbeke

Ground area

1.1 ha

Building footprint

2,831 m²

Volume, LiDAR

16,638 m³

2 parcels, Flanders · tallest building 9.8 m, ±2 floors. Linked by address, not a title deed.

2 establishment units

LR-BEEF

Drogenbroodstraat(S.B.V.) 2, 8710 WielsbekeManufacture of food products

since 20112.198.593.189

Lar P22, 8930 Menen

Warehousing and storage

since 20212.324.446.731

2 parcels

Flanders 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
34024C0383/00N000	Flanders	8,898 m²	1 · 2,567 m²	8.8 m · 2 fl.
37014A0067/00B000	Flanders	1,623 m²	1 · 265 m²	9.8 m · 2 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1 · via establishment units: 1

2 of 2 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Recognitions · licences · registrations

Food safety, FASFC

2 sites

Menen2.324.446.731

4 permissions

Erkenning · Gekoelde opslag vlees · since 10-10-2023

Erkenning · Uitsnijderij runderen · since 10-10-2023

Erkenning · Uitsnijderij schapen en geiten · since 10-10-2023

and 1 more

Wielsbeke2.198.593.189

1 permission

Vervoer levensmiddelen onder gecontroleerde temperatuur en/of atmosfeer · since 23-11-2015

Similar companies · same sector, comparable size

Of 107 companies in sector 10120 we hold annual accounts for 82. 44 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded11-04-2011

Fiscal year end31-12

Activities, NACEBEL

10120Manufacture of food products

46321Wholesale of meat and meat products, excluding game and poultry

10130Manufacture of food products

47120Other non-specialised retail sale

47221Retail sale of meat and meat products, excluding game and poultry

47222Retail trade

47910Retail trade

64200Holdings

64210Activities of holding companies

Sources

Crossroads Bank for EnterprisesNational Bank · 13 filingsAddress and cadastre registers

Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.