MAVEDES
ActiveSummary
MAVEDES has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €247,325 and a net result of €31,593. Equity is growing by ~15.3% per year across the filed fiscal years. Its solvency ranks better than 57% of 9636 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability52=
Solvency70▲+8
Growth78=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €15,000 at 30 days acceptable
Liquidity short (current ratio 0.34 against 0.2 in 2023; short-term debt: 22.7% and cash: 0.2% of total assets), and 55.1% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more 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
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-09-2025, 60 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
60 d late
2023
232 d late
2022
129 d late
2021
225 d late
2020
254 d late
2019
619 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 253 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
Equity
€247,325▲ 14.6%
2023 · €215,732
Total assets
€550,870▼ 4.5%
2023 · €576,533
Net result
€31,593▼ 4.4%
2023 · €33,035
Working capital
-€82,831▲ 63.6%
2023 · -€227,388
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail 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
Line20202021202220232024
Operating result€27,931▲ 43.5%€21,752▼ 22.1%€76,985▲ 254%€40,681▼ 47.2%€58,970▲ 45.0%
Net result€15,281within the sector's middle half▲ 71.6%€17,737within the sector's middle half▲ 16.1%€30,560within the sector's middle half▲ 72.3%€33,035within the sector's middle half▲ 8.1%€31,593within the sector's middle half▼ 4.4%
Equity€134,400within the sector's middle half▲ 12.8%€152,137within the sector's middle half▲ 13.2%€182,697within the sector's middle half▲ 20.1%€215,732within the sector's middle half▲ 18.1%€247,325within the sector's middle half▲ 14.6%
Total assets€450,645within the sector's middle half▼ 4.7%€442,160below the sector's middle half▼ 1.9%€476,926below the sector's middle half▲ 7.9%€576,533within the sector's middle half▲ 20.9%€550,870within the sector's middle half▼ 4.5%
Debt€316,245▼ 10.6%€290,023▼ 8.3%€294,229▲ 1.5%€360,801▲ 22.6%€303,545▼ 15.9%
Working capital-€222,081below the sector's middle half▼ 3.5%-€217,448below the sector's middle half▲ 2.1%-€219,292below the sector's middle half▼ 0.8%-€227,388below the sector's middle half▼ 3.7%-€82,831below the sector's middle half▲ 63.6%
Solvency29.8%within the sector's middle half▲ 4.6pp34.4%within the sector's middle half▲ 4.6pp38.3%within the sector's middle half▲ 3.9pp37.4%within the sector's middle half▼ 0.9pp44.9%within the sector's middle half▲ 7.5pp
Current ratio0.04below the sector's middle half▼ 0.020.07below the sector's middle half▲ 0.040.19below the sector's middle half▲ 0.120.20below the sector's middle half▲ 0.010.34below the sector's middle half▲ 0.14
Return on assets (ROA)3.4%within the sector's middle half▲ 1.5pp4.0%within the sector's middle half▲ 0.6pp6.4%within the sector's middle half▲ 2.4pp5.7%within the sector's middle half▼ 0.7pp5.7%within the sector's middle half=
above
within
below
the middle half (P25 to P75) of NACE 47, Retail 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 2024; 2024 is 45% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €550,870
Fixed assets
€508,533 ▼ 2.3%
Current assets
€42,337 ▼ 24.4%
Equity and liabilities €550,870
Equity
€247,325 ▲ 14.6%
Debt
€303,545 ▼ 15.9%
Debt's share of the balance-sheet total falls from 62.6% to 55.1%. Equity is higher and debt is lower.
Key figures and ratios
Debt to equity
1.23▼
2023 · 1.67
ROE
12.8%▼
2023 · 15.3%
Debt ≤ 1 year
€125,168▼
2023 · €283,424
Debt > 1 year
€178,377▲
2023 · €74,728
Income taxes
€13,750▲
2023 · €4,548
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €17,190 | €17,190 | - | - | - | - |
| Other operating charges640/8 | €1,462 | €2,364 | €1,389 | €2,142 | €715 | ▼ 66.6% |
| Non-recurring operating charges66A | - | - | €18,502 | €35,826 | €21,199 | ▼ 40.8% |
| Gross operating margin9900 | €46,583 | €41,306 | €96,876 | €78,649 | €80,884 | ▲ 2.8% |
| Operating profit (loss)9901 | €27,931 | €21,752 | €76,985 | €40,681 | €58,970 | ▲ 45.0% |
| Financial income75/76B | - | €4,621 | - | - | - | - |
| Recurring financial income75 | - | €4,621 | - | - | - | - |
| Financial charges65/66B | €3,474 | €3,680 | €1,778 | €3,098 | €13,627 | ▲ 340% |
| Recurring financial charges65 | €3,474 | €3,680 | €1,778 | €3,098 | €13,627 | ▲ 340% |
| Profit (loss) for the period before taxes9903 | €24,457 | €22,693 | €75,207 | €37,583 | €45,343 | ▲ 20.6% |
| Income taxes67/77 | €9,176 | €4,956 | €44,647 | €4,548 | €13,750 | ▲ 202% |
| Profit (loss) for the period9904 | €15,281 | €17,737 | €30,560 | €33,035 | €31,593 | ▼ 4.4% |
| Profit (loss) for the period to be appropriated9905 | €15,281 | €17,737 | €30,560 | €33,035 | €31,593 | ▼ 4.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €450,645 | €442,160 | €476,926 | €576,533 | €550,870 | ▼ 4.5% |
| Fixed assets21/28 | €442,190 | €425,000 | €425,000 | €520,497 | €508,533 | ▼ 2.3% |
| Tangible fixed assets22/27 | €17,190 | - | - | €95,497 | €83,533 | ▼ 12.5% |
| Furniture and vehicles24 | €17,190 | - | - | €95,497 | €83,533 | ▼ 12.5% |
| Financial fixed assets28 | €425,000 | €425,000 | €425,000 | €425,000 | €425,000 | = |
| Current assets29/58 | €8,455 | €17,160 | €51,926 | €56,036 | €42,337 | ▼ 24.4% |
| Amounts receivable within one year40/41 | €7,335 | €15,713 | €48,815 | €48,384 | €41,238 | ▼ 14.8% |
| Trade receivables40 | €7,335 | €15,713 | €9,103 | €12,487 | €7,885 | ▼ 36.9% |
| Other amounts receivable41 | - | - | €39,712 | €35,897 | €33,353 | ▼ 7.1% |
| Cash at bank and in hand54/58 | €1,120 | €1,447 | €3,111 | €7,652 | €1,099 | ▼ 85.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €450,645 | €442,160 | €476,926 | €576,533 | €550,870 | ▼ 4.5% |
| Equity10/15 | €134,400 | €152,137 | €182,697 | €215,732 | €247,325 | ▲ 14.6% |
| Contributions10/11 | €30,000 | €30,000 | €30,000 | €30,000 | €30,000 | = |
| Capital10 | €30,000 | €30,000 | €30,000 | €30,000 | €30,000 | = |
| Issued capital100 | €30,000 | €30,000 | €30,000 | €30,000 | €30,000 | = |
| Reserves13 | €17,464 | €17,464 | €17,464 | €17,464 | €17,464 | = |
| Non-distributable reserves130/1 | €3,000 | €3,000 | €3,000 | €3,000 | €3,000 | = |
| Legal reserve130 | €3,000 | €3,000 | €3,000 | €3,000 | €3,000 | = |
| Distributable reserves133 | €14,464 | €14,464 | €14,464 | €14,464 | €14,464 | = |
| Profit (loss) carried forward14 | €86,936 | €104,673 | €135,233 | €168,268 | €199,861 | ▲ 18.8% |
| Amounts payable17/49 | €316,245 | €290,023 | €294,229 | €360,801 | €303,545 | ▼ 15.9% |
| Amounts payable after more than one year17 | €85,709 | €53,535 | €20,362 | €74,728 | €178,377 | ▲ 139% |
| Financial debts170/4 | €85,709 | €53,535 | €20,362 | €74,728 | €178,377 | ▲ 139% |
| Amounts payable within one year42/48 | €230,536 | €234,608 | €271,218 | €283,424 | €125,168 | ▼ 55.8% |
| Current portion of amounts payable after more than one year42 | €43,563 | €31,737 | €32,455 | €43,413 | €43,506 | ▲ 0.2% |
| Trade debts44 | €155 | €227 | €8,336 | €4,132 | €1,500 | ▼ 63.7% |
| Suppliers440/4 | €155 | €227 | €8,336 | €4,132 | €1,500 | ▼ 63.7% |
| Taxes, remuneration and social security45 | €38,180 | €30,804 | €34,000 | €29,367 | €24,457 | ▼ 16.7% |
| Taxes450/3 | €38,180 | €30,804 | €34,000 | €29,367 | €24,457 | ▼ 16.7% |
| Other amounts payable47/48 | €148,638 | €171,840 | €196,427 | €206,512 | €55,705 | ▼ 73.0% |
| Accrued charges and deferred income492/3 | - | €1,880 | €2,649 | €2,649 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €15,281 | €17,737 | €30,560 | €33,035 | €31,593 | ▼ 4.4% |
| + Depreciation and write-downs630 | €17,190 | €17,190 | - | - | - | - |
| Operating cash flow (approximation) | €32,471 | €34,927 | €30,560 | €33,035 | €31,593 | ▼ 4.4% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€95,497 | €11,964 | ▲ 113% |
| Change in cash | - | €327 | €1,664 | €4,541 | -€6,553 | ▼ 244% |
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
29-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 60 days late
20-03
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 232 days late
2023
31-12
Financial
Highest result since 2018net €33,035 ▲8.1%
Net result €33,035, the highest in the series.
31-12
Financial
Equity above €200,000Eq €215,732 ▲18.1%
6 profitable years in a row build equity to €215,732.
07-12
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 129 days late
13-03
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 225 days late
2022
11-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 254 days late
11-04
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 619 days late
2021
31-12
Financial
Equity above €150,000Eq €152,137 ▲13.2%
4 profitable years in a row build equity to €152,137.
2020
12-05
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 286 days late
2019
31-12
Financial
Weakest financial yearnet €8,907 ▼60.2%
Net result drops to €8,907, the lowest in the series; recovery starts the following year.
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
Show earlier events
13-06
State Gazette act
General meeting · Statutes amendment
Power of attorney · Director resignation
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
2016
11-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneState Gazette actNBB 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, Langemark-Poelkapelle · 2 establishment units since 2011
Ground area
5,850 m²
Building footprint
1,003 m²
Volume, LiDAR
5,044 m³
3 parcels, Flanders · tallest building 10.7 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
2 establishment units
Mavedes bvba
since 20112.199.342.267
BVBA Mavedes
since 20132.215.587.886
3 parcels
Flanders
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36493B0287/00B002 | Flanders | 4,779 m² | 1 · 645 m² | 6.4 m · 2 fl. |
| 33014G0096/00E000 | Flanders | 871 m² | 1 · 161 m² | 9.0 m · 1 fl. |
| 34042B0004/00Y000 | Flanders | 200 m² | 1 · 197 m² | 10.7 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 3,043 companies in sector 47221 we hold annual accounts for 1,566. 1,246 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
Founded26-05-2011
Fiscal year end31-12
Activities, NACEBEL 2025
47221Retail sale of meat and meat products, excluding game and poultry
E-invoicing
Reachable via Peppol
Peppol ID
0208:0836589069
Registered
27-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.