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GOOD MEAT

Active
Public limited companyfounded 1980active for 45 yearsVenecolaan 28, 9880 Aalter, BelgiumKBO/BCE: BE 0421.252.588
Summary

GOOD MEAT has been active since 1980 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.1m and a net result of €85,204. Equity is growing by about 8.1% per year across the filed financial years. Its solvency ranks better than 16% of 6,075 sector peers (NACE 46, financial year 2025). The computed 12-month bankruptcy probability is 0.9% (low).

Overview

Activity
Wholesale of other food products
NACE 46389Wholesale of meat and meat products, excluding game and poultry NACE 46321
1 site
Size
€23.8mturnover 2025
Staff
28.1 FTE
Equity
€1.1m
Profit
€85,204
Financial health
66 Healthy Checked score 2025
Bankruptcy probabilitywithin 12 months
0.9%
Structure
Parent
Management Meat · 100%
  • PT ConsultingManaging director · permanent representative Toye Pieter
  • VERSHUISManaging director · permanent representative Vanderhaeghe Arnold
Auditor: Moore AuditAccounts 29 days early4 of 12 deeds read
Why 66raises riskLiquidity: current ratio 0.88, cash €9,039, halvedEquity €1.1m (14.4% of total assets)Size: turnover €23.8m, 28.1 FTE, total assets €7.4mlowers riskFounded in 1980Show the evidence

Checked score

Score 2025
66 / 100
Healthy
Probability in this band: 0.55% to 1.5%
Financially better than 31% of its sector peers (NACE 46, small)
Financial strength · tick = 2024
Weak
Solvency 39=
equity 14.4% of total assets
Liquidity 17-10
short-term debt 62.5% · cash 0.1%
Profitability 49-2
return on assets 1.2%
Bankruptcy probability, 12 months
0.9% Low
0%0.5%1.5%4%10%≥ 25%

About 9 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (4,380 companies, NACE 46, small)
Last 24 months 11-2024: 0.9% 12-2024: 0.9%● unchanged vs 11-2024 01-2025: 0.9%● unchanged vs 12-2024 02-2025: 0.9%● unchanged vs 01-2025 03-2025: 0.9%● unchanged vs 02-2025 04-2025: 0.9%● unchanged vs 03-2025 05-2025: 0.9%● unchanged vs 04-2025 06-2025: 0.9%● unchanged vs 05-2025 07-2025: 1.1%▲ +0.2 percentage points vs 06-2025highest value 08-2025: 0.7%▼ -0.4 percentage points vs 07-2025 09-2025: 0.7%● unchanged vs 08-2025 10-2025: 0.7%● unchanged vs 09-2025 11-2025: 0.7%● unchanged vs 10-2025 12-2025: 0.7%● unchanged vs 11-2025 01-2026: 0.7%● unchanged vs 12-2025 02-2026: 0.6%▼ -0.1 percentage points vs 01-2026 03-2026: 0.6%● unchanged vs 02-2026 04-2026: 0.6%● unchanged vs 03-2026lowest value 05-2026: 0.6%● unchanged vs 04-2026 06-2026: 0.6%● unchanged vs 05-2026 07-2026: 0.7%▲ +0.1 percentage points vs 06-2026 08-2026: 0.9%▲ +0.2 percentage points vs 07-2026 09-2026: 0.9%● unchanged vs 08-2026 10-2026: 0.9%● unchanged vs 09-2026
Credit of up to €70,000 on 30-day terms is acceptable
Liquidity insufficient (current ratio 0.88, compared with 1.09 in 2024, below 1; short-term debt: 62.5% and cash: 0.1% of total assets), and 85.6% 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, small): better than 16% on solvency, 15% on liquidity, 32% on profitability and 61% on growth.

The bankruptcy probability was computed on 17-10-2026 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

Six signals.
lowers riskraises riskneutral
raises risk · Liquidity: current ratio 0.88, cash €9,039, halved
NBB · annual accounts
raises risk · Equity €1.1m (14.4% of total assets)
NBB · annual accounts
raises risk · Size: turnover €23.8m, 28.1 FTE, total assets €7.4m
Companies of this size fail more often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
lowers risk · Founded in 1980
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 6075 sector peers (2025).
NBB · sector comparison
Position among 6075 sector peers
Solvency
better than 16%
← weakest strongest →
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 02-07-2026, 29 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
29 days early
2024
27 days early
2023
27 days early
2022
28 days early
2021
34 days early
2020
12 days early
2019
7 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 23 days before 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 (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 3 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
17-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Reappointment: Moore Audit BV (statutory auditor)Permanent representative: Kristof Planquette ·…
  2. RestructuringAppointment: MOORE AUDIT (company auditor)…
  3. Annual accounts filedfinancial year 2025 · full…

Key points

  • Caution: Board changedlatest change 22-05-2026 · 2 in office 2 joined · 2 left View
  • Caution: Among the weakest 17% on solvencysector median 45.5% · 6,075 companies 14.4% View
  • Caution: Result fell in 2025from €165,001 to €85,204 ▼ 48.4% View
  • Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View
  • Controlled by Management Meat 100% View
  • Positive: 5 profitable years in a rowprofit 2025: €85,204 5 years View
  • Flemish supportawarded from 2022 to 2025 €86,988 View
  • Active since 1980founded 10-12-1980 45 years View

By topic

Financials

Financial year
2025
Turnover
€23.8m
Profit
€85,204
Solvency
14.4%
Turnover▲ 3.2%
Net result
20182025
Go to Financials

Board & ownership

Board
2 members
Parent
Management Meat · 100%
Auditor
Moore Audit
  • PT ConsultingManaging director
  • VERSHUISManaging director
Go to Board & ownership

Timeline

Events
54
Since
1983
Next accounts
by 31-07-2027
  1. 22-05-2026Resignations: Management Meat (director and managing director)…
  2. 31-12-2025Equity above €1m
  3. 04-07-2025Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Wholesale of other food productsNACE 46389
Founded
10-12-1980
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
5
Purpose
“De groot- en kleinhandel, de aan- en verkoop, de import en export, de stockering, het…” (deed in Dutch)
Go to Articles of association

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