NOORDVLEES VAN GOOL

Active

Public limited companyfounded 1971active for 55 yearsBloemstraat (Ab) 56, 2920 Kalmthout, BelgiumKBO/BCE: BE 0408.196.685

Summary

The computed 12-month bankruptcy probability of NOORDVLEES VAN GOOL is 2.9% (moderate). The 2024 annual accounts show equity of €5.3m and a net result of -€4.2m. Equity is shrinking by about 3.5% per year across the filed financial years. Its solvency ranks better than 18% of 6,064 sector peers (NACE 46, financial year 2024). The company has been active since 1971 and the Belgian Official Gazette contains no insolvency or warning signals.

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NOORDVLEES VAN GOOLActiveChecked score 49/100

Risk analysis Report Compare

Activity

Wholesale of meat and meat products, excluding game and poultry

NACE 46321Manufacture of food products NACE 10111

Largest company by total assets in Kalmthout, Wholesale and retail trade sector1 site

Size

€130.5mturnover 2024

Staff: 101.3 FTE
Equity: €5.3m
Loss: -€4.2m

Financial health

49 Fair Checked score 2024

Bankruptcy probabilitywithin 12 months: 2.9%

Structure

Parent: BT Company · 100%
Board: 4 members

Q.E.D.Chair · permanent representative Dirk NELEN
JMM Investment & Management VOFManaging director · permanent representative Bart Teugels

Auditor: PKF Bofidi Audit BV2025 accounts not filed, 87 days past the deadline

Why 49raises riskLiquidity: current ratio 0.89, cash €311,308Equity €5.3m (14.0% of total assets)Figures for financial year 2024 (filed 26-11-2025)lowers riskFounded in 1971Show the evidence

Checked score

Score 2024

49 / 100

Fair

Probability in this band: 1.5% to 4.2%

Financially better than 10% of its sector peers (NACE 46, medium-sized)

Every signal that counts is listed under Signals.

Financial strength · tick = 2023

Weak

Solvency 39-9

equity 14.0% of total assets

Liquidity 8-7

short-term debt 78.9% · cash 0.8%

Profitability 8-5

return on assets -11.2%

Bankruptcy probability, 12 months

2.9% Moderate

0%0.5%1.5%4%10%≥ 25%

About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (746 companies, NACE 46, medium-sized)

Last 24 months 11-2024: 0.9%lowest value 12-2024: 1.1%▲ +0.2 percentage points vs 11-2024 01-2025: 1.9%▲ +0.8 percentage points vs 12-2024 02-2025: 1.9%● unchanged vs 01-2025 03-2025: 1.2%▼ -0.7 percentage points vs 02-2025 04-2025: 1.2%● unchanged vs 03-2025 05-2025: 1.2%● unchanged vs 04-2025 06-2025: 1.1%▼ -0.1 percentage points vs 05-2025 07-2025: 1.2%▲ +0.1 percentage points vs 06-2025 08-2025: 1.7%▲ +0.5 percentage points vs 07-2025 09-2025: 1.9%▲ +0.2 percentage points vs 08-2025 10-2025: 2.7%▲ +0.8 percentage points vs 09-2025 11-2025: 2.8%▲ +0.1 percentage points vs 10-2025 12-2025: 2.2%▼ -0.6 percentage points vs 11-2025 01-2026: 2.2%● unchanged vs 12-2025 02-2026: 2.2%● unchanged vs 01-2026 03-2026: 2.2%● unchanged vs 02-2026 04-2026: 2.2%● unchanged vs 03-2026 05-2026: 2.2%● unchanged vs 04-2026 06-2026: 2.2%● unchanged vs 05-2026 07-2026: 2.2%● unchanged vs 06-2026 08-2026: 2.5%▲ +0.3 percentage points vs 07-2026 09-2026: 2.5%● unchanged vs 08-2026 10-2026: 2.9%▲ +0.4 percentage points vs 09-2026highest value

Credit of up to €250,000 on 30-day terms, only on tighter conditions: an expected filing is missing beyond Checked's processing allowance

Liquidity insufficient (current ratio 0.89, compared with 0.98 in 2023, below 1; short-term debt: 78.9% and cash: 0.8% of total assets), and 86% of the assets are financed with debt and provisions.

How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100	Excellent	under 0.55%
60-74	Healthy	0.55% to 1.5%
45-59	Fair	1.5% to 4.2%
25-44	Weak	4.2% to 15.0%
0-24	Critical	over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 46, medium-sized): better than 17% on solvency, 10% on liquidity, 4% on profitability and 10% on growth.

The bankruptcy probability was computed on 25-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Eight signals.

lowers riskraises risk

Liquidity: current ratio 0.89, cash €311,308

NBB · annual accounts

Equity €5.3m (14.0% of total assets)

NBB · annual accounts

Figures for financial year 2024 (filed 26-11-2025)

NBB · annual accounts

Founded in 1971

Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.

KBO

Persistent losses

Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.

NBB · annual accounts 2024

Net result per financial year

18192021222324

2018 to 2024 · latest year -€4.2m

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 6064 sector peers (2024).

NBB · sector comparison

Position among 6064 sector peers

Solvency

better than 18%

← weakest strongest →

Annual accounts not filed

The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 87 days later.

NBB · 10 filings

Position against the passed deadline

31-12-2025 year end31-07-2026 deadline26-10-2026 today

2024 accounts filed 117 days late

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 25-11-2025, 117 days past the deadline. Measured on financial year 2023: of the companies more than 90 days late, 5.61% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers.

NBB · 10 filings

Deviation from the deadline

2025

not filed

2024

117 days late

2023

432 days late

2022

29 days late

2021

10 days late

2020

96 days early

2019

32 days early

← 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 77 days after the deadline; the sector median (NACE 46) for financial year 2024 is 3 days before the deadline, and 39% of those companies filed late.

Searched, nothing found (1)

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

11-08-2026 Appointment: PKF Bofidi Audit BV (statutory…Permanent representatives: Jeroen Rans and…
29-12-2025 Permanent representatives: Leen Defoer and Bart…Gazette deed
25-11-2025 Annual accounts filedfinancial year 2024 · full…

Key points

Caution: Among the weakest 5% on net resultsector median €93,975 · 6,075 companies -€4.2m View
Caution: 2025 accounts not fileddeadline was 31-07-2026 87 days past the deadline View
Caution: Result fell in 2024from -€2.9m to -€4.2m ▼ 48.7% View
Controlled by BT Company 100% View
Caution: 2 loss-making years in a rowloss financial year 2024 -€4.2m View
Active since 1971founded 23-03-1971 55 years View

By topic

Financials

Financial year: 2024
Turnover: €130.5m
Loss: -€4.2m
Solvency: 14.0%

Turnover▼ 10.0%

Net result

20182024

Go to Financials

Board & ownership

Board: 4 members
Parent: BT Company · 100%
Auditor: PKF Bofidi Audit BV

Q.E.D.Chair
H & SDirector
BCT VOFDirector
JMM Investment & Management VOFManaging director

Go to Board & ownership

Network & group

Connected companies: 5
Mergers and asset contributions: 3

Go to Network & group

Timeline

Events: 67
Since: 1978

24-10-2025Resignations: H&S CommV (director) and Q.D.E. BV…
06-10-2025Annual accounts filed
31-12-2024Weakest financial year

Go to Timeline

Company details

Sites: 1

Legal form: Public limited company
Activity: Wholesale of meat and meat products, excluding game…NACE 46321
Founded: 23-03-1971
Year ends: 31-12
Peppol: Reachable for e-invoices

Go to Company details

Key facts about NOORDVLEES VAN GOOL

What is the company number of NOORDVLEES VAN GOOL?: 0408.196.685. In Belgium the VAT number is the company number with BE in front: BE 0408.196.685.
Where is NOORDVLEES VAN GOOL based?: The registered office is at Bloemstraat (Ab) 56, 2920 Kalmthout.Company details
What does NOORDVLEES VAN GOOL do?: According to the KBO register, the main activity is wholesale of meat and meat products, excluding game and poultry (NACE 46321).
What is the legal form of NOORDVLEES VAN GOOL?: Public limited company (NV).
When was NOORDVLEES VAN GOOL founded?: On 23-03-1971.
Is NOORDVLEES VAN GOOL still active?: Yes, NOORDVLEES VAN GOOL is an active enterprise in the KBO register.
How many employees does NOORDVLEES VAN GOOL have?: On average 101.3 full-time equivalents in financial year 2024, according to the filed annual accounts.Financials
What is the turnover of NOORDVLEES VAN GOOL?: €130.5m in financial year 2024, according to the filed annual accounts.
Is NOORDVLEES VAN GOOL profitable?: In financial year 2024, NOORDVLEES VAN GOOL made a loss of €4.2m.
Where can I find the annual accounts of NOORDVLEES VAN GOOL?: NOORDVLEES VAN GOOL filed 48 annual accounts with the National Bank of Belgium, the latest for financial year 2024.