MAX MEAT
ActiveMAX MEAT has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.23M and a net result of €238k. Equity is shrinking by ~5.5% per year across the filed fiscal years. Its solvency ranks better than 88% of 9016 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
90
/ 100
Excellent▼ -8 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability96▼-4
Solvency100=
Growth32=
Stability100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €110k at 30 days acceptable
Liquidity ample (current ratio 5.95 against 2.93 in 2023), and 15.6% 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 risk○neutral
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
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 →
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
84.4%
Return on assets
16.2%
Age of the figures
20 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 25-08-2025, 25 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
25 d late
2023
28 d late
2022
33 d early
2021
34 d early
2020
11 d early
2019
32 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€1.23M▼ 5.1%
2023 · €1.30M
2018: €1.76M
2019: €2.05M
2020: €1.98M
2021: €1.81M
2022: €1.78M
2023: €1.30M
2018 → 2024
Total assets
€1.46M▼ 23.1%
2023 · €1.90M
2018: €1.97M
2019: €2.20M
2020: €2.35M
2021: €1.95M
2022: €2.07M
2023: €1.90M
2018 → 2024
Net result
€238k▼ 20.3%
2023 · €298k
2018: €304k
2019: €298k
2020: €170k
2021: €177k
2022: €220k
2023: €298k
2018 → 2024
Working capital
€1.13M▼ 2.7%
2023 · €1.16M
2018: €1.64M
2019: €1.96M
2020: €1.91M
2021: €1.75M
2022: €1.67M
2023: €1.16M
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€1.98M-€1.81M▼ 8.6%€1.78M▼ 1.4%€1.30M▼ 27.1%€1.23M▼ 5.1%
Operating result€245k-€256k▲ 4.4%€339k▲ 32.6%€433k▲ 27.6%€344k▼ 20.6%
Net result€170k-€177k▲ 3.6%€220k▲ 24.7%€298k▲ 35.3%€238k▼ 20.3%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 21% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.46M
Fixed assets
€103k▼ 25.5%
Current assets
€1.36M▼ 23.0%
Equity and liabilities €1.46M
Equity
€1.23M▼ 5.1%
Debt
€229k▼ 62.1%
The debt ratio falls from 31.7% to 15.6%: debt falls faster than equity shrinks.
Key figures and ratios
EBITDA
€379k▼
2023 · €461k
Cash flow
€273k▼
2023 · €327k
Solvency
84.4%▲
2023 · 68.3%
Current ratio
5.95▲
2023 · 2.93
Quick ratio
2.33▲
2023 · 1.35
Debt / equity
0.19▼
2023 · 0.46
ROE
19.2%▼
2023 · 22.9%
ROA
16.2%▲
2023 · 15.7%
Interest coverage
363.32▼
2023 · 955.80
Debt
€229k▼
2023 · €603k
Debt ≤ 1 year
€229k▼
2023 · €603k
Income taxes
€106k▼
2023 · €135k
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€1.90M€1.46M▼
Fixed assets21/28€138k€103k▼
Tangible fixed assets22/27€138k€103k▼
Land and buildings22€19k€12k▼
Plant, machinery and equipment23€9k€8k▼
Furniture and vehicles24€111k€83k▼
Financial fixed assets28€135€135=
Current assets29/58€1.76M€1.36M▼
Stocks and contracts in progress3€949k€827k▼
Stocks30/36€949k€827k▼
Amounts receivable within one year40/41€259k€205k▼
Trade receivables40€198k€196k▼
Other amounts receivable41€61k€9k▼
Cash at bank and in hand54/58€549k€325k▼
Deferred charges and accrued income490/1€7k€3k▼
Equity and liabilities
Total equity and liabilities10/49€1.90M€1.46M▼
Equity10/15€1.30M€1.23M▼
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€1.24M€1.17M▼
Non-distributable reserves130/1€64k€64k=
Legal reserve130€64k€64k=
Tax-exempt reserves132€6k€6k=
Distributable reserves133€1.17M€1.10M▼
Amounts payable17/49€603k€229k▼
Amounts payable within one year42/48€603k€229k▼
Trade debts44€235k€140k▼
Suppliers440/4€235k€140k▼
Taxes, remuneration and social security45€128k€82k▼
Taxes450/3€128k€82k▼
Other amounts payable47/48€240k€7k▼
Accrued charges and deferred income492/3€80€84▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€29k€35k▲
Other operating charges640/8€8k€7k▼
Gross operating margin9900€469k€386k▼
Operating profit (loss)9901€433k€344k▼
Financial income75/76B€751€534▼
Recurring financial income75€751€534▼
Financial charges65/66B€483€1k▲
Recurring financial charges65€483€1k▲
Profit (loss) for the period before taxes9903€433k€343k▼
Income taxes67/77€135k€106k▼
Profit (loss) for the period9904€298k€238k▼
Profit (loss) for the period to be appropriated9905€298k€238k▼
Appropriation of the result
Profit (loss) to be appropriated9906€298k€238k▼
Transfer from equity791/2€782k€304k▼
Transfer to equity691/2€298k€238k▼
To other reserves6921€298k€238k▼
Profit to be distributed694/7€782k€304k▼
Return on contributions (dividend)694€782k€304k▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
25-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 25 days late
2024
31-12
Financial
Liquidity doublescurrent ratio 5.95
Current ratio from 2.93 to 5.95; short-term debt falls from €603k to €229k.
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 28 days late
2023
28-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Liquidity doublescurrent ratio 13.50
Current ratio from 6.19 to 13.50; short-term debt falls from €367k to €140k.
20-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet €170k ▼42.8%
Net result drops to €170k, the lowest in the series; recovery starts the following year.
29-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Equity above €2MEq €2.05M ▲17%
2 profitable years in a row build equity to €2.05M.
02-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
05-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
12-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
24-05
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
6 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, Wevelgem · 1 establishment unit since 2001
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.
Hugo Verriestlaan 1078560 WevelgemGround area
712 m²
Building footprint
211 m²
Volume, LiDAR
1,198 m³
Parcel 34012C0533/00G003, Flanders · tallest building 11.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MAX MEAT
since 20012.116.181.395
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34012C0533/00G003 | Flanders | 712 m² | 1 · 211 m² | 11.4 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.
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ÛLKEM FOOD
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Of 751 companies in sector 46321 we hold annual accounts for 548. 389 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded29-01-2001
Fiscal year end31-12
Activities, NACEBEL
46321Wholesale of meat and meat products, excluding game and poultry
51321
47221Retail sale of meat and meat products, excluding game and poultry
52220
Sources
Crossroads Bank for EnterprisesNational Bank · 24 filingsAddress and cadastre registers
Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.