Meat 17
ActiveSummary
Meat 17 has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €523,071 and a net result of €183,835. Equity is growing by ~31% per year across the filed fiscal years. Its solvency ranks better than 72% of 18716 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability95▲+3
Solvency85▲+16
Growth78=
Track record100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40,000 at 30 days acceptable
Liquidity ample (current ratio 2.01 against 1.47 in 2024; short-term debt: 29.2% and cash: 55.9% of total assets), and 40.2% 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 · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← 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 2025Solvency, return and age of the figures
Solvency
59.8%
Return on assets
21%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-07-2026, 0 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
on the day
2024
5 d late
2023
29 d late
2022
25 d late
2021
31 d late
2020
61 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 25 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 25 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€523,071▲ 54.2%
2024 · €339,236
Total assets
€875,299▲ 13.2%
2024 · €773,412
Net result
€183,835▲ 28.3%
2024 · €143,339
Working capital
€259,627▲ 76.6%
2024 · €147,014
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: 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. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€96,231▲ 41.8%€90,816▼ 5.6%€74,589▼ 17.9%€210,574▲ 182%€256,661▲ 21.9%
Net result€74,368above the sector's middle half▲ 39.5%€69,812above the sector's middle half▼ 6.1%€50,215above the sector's middle half▼ 28.1%€143,339above the sector's middle half▲ 185%€183,835above the sector's middle half▲ 28.3%
Equity€137,694above the sector's middle half▲ 117%€207,506above the sector's middle half▲ 50.7%€257,721above the sector's middle half▲ 24.2%€339,236within the sector's middle half▲ 31.6%€523,071above the sector's middle half▲ 54.2%
Total assets€308,183within the sector's middle half▲ 69.1%€413,591above the sector's middle half▲ 34.2%€591,507above the sector's middle half▲ 43.0%€773,412within the sector's middle half▲ 30.8%€875,299above the sector's middle half▲ 13.2%
Debt€170,489▲ 43.3%€206,085▲ 20.9%€333,787▲ 62.0%€434,176▲ 30.1%€352,228▼ 18.9%
Working capital€23,507within the sector's middle half▲ 1,696%€109,810above the sector's middle half▲ 367%€79,255within the sector's middle half▼ 27.8%€147,014within the sector's middle half▲ 85.5%€259,627above the sector's middle half▲ 76.6%
Solvency44.7%within the sector's middle half▲ 9.9pp50.2%within the sector's middle half▲ 5.5pp43.6%within the sector's middle half▼ 6.6pp43.9%within the sector's middle half▲ 0.3pp59.8%within the sector's middle half▲ 15.9pp
Current ratio1.14within the sector's middle half▲ 0.131.96within the sector's middle half▲ 0.821.43within the sector's middle half▼ 0.531.47within the sector's middle half▲ 0.042.01within the sector's middle half▲ 0.54
Return on assets (ROA)24.1%above the sector's middle half▼ 5.1pp16.9%above the sector's middle half▼ 7.3pp8.5%within the sector's middle half▼ 8.4pp18.5%above the sector's middle half▲ 10.0pp21.0%above the sector's middle half▲ 2.5pp
Staff (FTE)4.4▲ 15.8%6.4▲ 45.5%8.7▲ 35.9%6.1within the sector's middle half▼ 29.9%9.4▲ 54.1%
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 or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 22% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €875,299
Fixed assets
€359,881 ▲ 13.9%
Current assets
€515,418 ▲ 12.7%
Equity and liabilities €875,299
Equity
€523,071 ▲ 54.2%
Debt
€352,228 ▼ 18.9%
Debt's share of the balance-sheet total falls from 56.1% to 40.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€329,811▲
2024 · €274,700
Cash flow
€256,985▲
2024 · €207,465
Quick ratio
1.94▲
2024 · 1.38
Debt to equity
0.67▼
2024 · 1.28
ROE
35.1%▼
2024 · 42.3%
Interest coverage
117.61▲
2024 · 61.88
Debt ≤ 1 year
€255,791▼
2024 · €310,396
Debt > 1 year
€96,437▼
2024 · €123,781
Income taxes
€70,021▲
2024 · €62,796
Staff costs
€265,735▲
2024 · €203,820
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,975 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.4% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 26,975 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €9,167 | - | - |
| Remuneration, social security and pensions62 | €118,850 | €133,733 | €123,637 | €203,820 | €265,735 | ▲ 30.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €15,845 | €26,376 | €58,464 | €64,126 | €73,150 | ▲ 14.1% |
| Other operating charges640/8 | €2,325 | €1,123 | €4,361 | €4,739 | €4,355 | ▼ 8.1% |
| Gross operating margin9900 | €233,251 | €252,047 | €261,051 | €483,258 | €599,900 | ▲ 24.1% |
| Operating profit (loss)9901 | €96,231 | €90,816 | €74,589 | €210,574 | €256,661 | ▲ 21.9% |
| Financial charges65/66B | €466 | €391 | €3,847 | €4,439 | €2,804 | ▼ 36.8% |
| Recurring financial charges65 | €466 | €391 | €3,847 | €4,439 | €2,804 | ▼ 36.8% |
| Profit (loss) for the period before taxes9903 | €95,766 | €90,425 | €70,742 | €206,135 | €253,856 | ▲ 23.2% |
| Income taxes67/77 | €21,398 | €20,613 | €20,528 | €62,796 | €70,021 | ▲ 11.5% |
| Profit (loss) for the period9904 | €74,368 | €69,812 | €50,215 | €143,339 | €183,835 | ▲ 28.3% |
| Profit (loss) for the period to be appropriated9905 | €74,368 | €69,812 | €50,215 | €143,339 | €183,835 | ▲ 28.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €308,183 | €413,591 | €591,507 | €773,412 | €875,299 | ▲ 13.2% |
| Fixed assets21/28 | €114,187 | €189,396 | €328,751 | €316,002 | €359,881 | ▲ 13.9% |
| Tangible fixed assets22/27 | €114,187 | €189,396 | €328,751 | €316,002 | €359,881 | ▲ 13.9% |
| Land and buildings22 | €29,695 | €119,455 | €227,732 | €203,456 | €285,480 | ▲ 40.3% |
| Plant, machinery and equipment23 | €72,213 | €55,885 | €41,964 | €32,338 | €17,202 | ▼ 46.8% |
| Furniture and vehicles24 | €12,279 | €14,056 | €59,055 | €80,209 | €57,199 | ▼ 28.7% |
| Current assets29/58 | €193,995 | €224,195 | €262,756 | €457,410 | €515,418 | ▲ 12.7% |
| Stocks and contracts in progress3 | €14,991 | €13,179 | €19,871 | €29,200 | €19,764 | ▼ 32.3% |
| Stocks30/36 | €14,991 | €13,179 | €19,871 | €29,200 | €19,764 | ▼ 32.3% |
| Amounts receivable within one year40/41 | €23,916 | €58,735 | €4,387 | €9,049 | €6,167 | ▼ 31.9% |
| Trade receivables40 | €2,131 | €28,953 | - | €6,785 | €549 | ▼ 91.9% |
| Other amounts receivable41 | €21,785 | €29,782 | €4,387 | €2,264 | €5,618 | ▲ 148% |
| Cash at bank and in hand54/58 | €155,089 | €151,876 | €238,498 | €419,161 | €489,488 | ▲ 16.8% |
| Deferred charges and accrued income490/1 | - | €405 | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €308,183 | €413,591 | €591,507 | €773,412 | €875,299 | ▲ 13.2% |
| Equity10/15 | €137,694 | €207,506 | €257,721 | €339,236 | €523,071 | ▲ 54.2% |
| Contributions10/11 | €10,000 | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Reserves13 | €30,000 | €80,000 | €130,000 | €180,000 | €230,000 | ▲ 27.8% |
| Distributable reserves133 | €30,000 | €80,000 | €130,000 | €180,000 | €230,000 | ▲ 27.8% |
| Profit (loss) carried forward14 | €97,694 | €117,506 | €117,721 | €149,236 | €283,071 | ▲ 89.7% |
| Amounts payable17/49 | €170,489 | €206,085 | €333,787 | €434,176 | €352,228 | ▼ 18.9% |
| Amounts payable after more than one year17 | - | €91,700 | €150,285 | €123,781 | €96,437 | ▼ 22.1% |
| Financial debts170/4 | - | €91,700 | €150,285 | €123,781 | €96,437 | ▼ 22.1% |
| Amounts payable within one year42/48 | €170,489 | €114,385 | €183,501 | €310,396 | €255,791 | ▼ 17.6% |
| Current portion of amounts payable after more than one year42 | - | - | €27,833 | €26,505 | €27,344 | ▲ 3.2% |
| Trade debts44 | €89,299 | €53,113 | €89,331 | €147,311 | €130,830 | ▼ 11.2% |
| Suppliers440/4 | €89,299 | €53,113 | €89,331 | €147,311 | €130,830 | ▼ 11.2% |
| Taxes, remuneration and social security45 | €17,948 | €18,205 | €23,153 | €77,452 | €97,617 | ▲ 26.0% |
| Taxes450/3 | €4,084 | €4,394 | €3,183 | €37,435 | €54,087 | ▲ 44.5% |
| Remuneration and social security454/9 | €13,864 | €13,811 | €19,970 | €40,017 | €43,531 | ▲ 8.8% |
| Other amounts payable47/48 | €63,241 | €43,067 | €43,184 | €59,127 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €74,368 | €69,812 | €50,215 | €143,339 | €183,835 | ▲ 28.3% |
| + Depreciation and write-downs630 | €15,845 | €26,376 | €58,464 | €64,126 | €73,150 | ▲ 14.1% |
| Operating cash flow (approximation) | €90,213 | €96,187 | €108,679 | €207,465 | €256,985 | ▲ 23.9% |
| Investment in fixed assets (approximation) | - | -€101,584 | -€197,819 | -€51,377 | -€117,029 | ▼ 128% |
| Change in cash | - | -€3,212 | €86,621 | €180,663 | €70,326 | ▼ 61.1% |
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
Next filing, fiscal year 2026, expected by
2026
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2020net €183,835 ▲28.3%
Operating result €256,661, net result €183,835, both a record.
31-12
Financial
Equity above €500,000Eq €523,071 ▲54.2%
6 profitable years in a row build equity to €523,071.
05-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 5 days late
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
31-12
Financial
Weakest financial yearnet €50,215 ▼28.1%
Net result drops to €50,215, the lowest in the series; recovery starts the following year.
25-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 25 days late
2022
31-12
Financial
Equity above €200,000Eq €207,506 ▲50.7%
3 profitable years in a row build equity to €207,506.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Equity above €100,000Eq €137,694 ▲117%
2 profitable years in a row build equity to €137,694.
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 61 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Zottegem · 1 establishment unit since 2020
Ground area
340 m²
Parcel 41023A0081/00H005, Flanders. Linked by address, not a title deed.
1 establishment unit
Meat 17
since 20202.303.802.755
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41023A0081/00H005 | Flanders | 339 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteZottegem2.303.802.755
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Of 3,043 companies in sector 47221 we hold annual accounts for 1,566. 1,074 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
Founded24-06-2020
Fiscal year end31-12
Activities, NACEBEL 2025
47221Retail sale of meat and meat products, excluding game and poultry
47210Retail sale of fruit and vegetables
56210Event catering
E-invoicing
Reachable via Peppol
Peppol ID
0208:0748910373
Also
9925:BE0748910373
Registered
02-09-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.