POEVACO
ActiveSummary
POEVACO has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €309,667 and a net result of -€97,501. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 38% of 1766 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability6▼-88
Solvency57=
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €18,000 at 30 days acceptable
Liquidity tight (current ratio 1.2 against 1.21 in 2024; short-term debt: 65.3% and cash: 34.3% of total assets), and 67.6% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 01
Relative position
BE, all sectors
reference
Crop and animal production, hunting and related service activities (NACE 01)
about 70% fewer 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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
32.4%
Return on assets
-10.2%
Age of the figures
18 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 15-10-2025, 16 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
16 d early
2024
9 d early
2023
7 d early
2022
3 d early
2021
9 d early
2020
18 d early
2019
29 d 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 13 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 37% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today. Usually files around 22 October (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
31-03-2026 close30-09-2026 today31-10-2026 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€309,667▼ 23.9%
2024 · €407,168
Total assets
€954,914▼ 25.7%
2024 · €1.3m
Net result
-€97,501
2024 · €255,835
Working capital
€124,363▼ 32.8%
2024 · €185,088
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 01, Crop and animal production, hunting and related service activities, 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
Line20212022202320242025
Operating result€1,427▼ 77.0%€23,366▲ 1,537%€95,453▲ 309%€352,782▲ 270%-€94,820
Net result-€13,005within the sector's middle half▼ 71.9%€13,831within the sector's middle half€66,620within the sector's middle half▲ 382%€255,835within the sector's middle half▲ 284%-€97,501below the sector's middle half
Equity€70,881below the sector's middle half▼ 15.5%€84,712below the sector's middle half▲ 19.5%€151,332below the sector's middle half▲ 78.6%€407,168within the sector's middle half▲ 169%€309,667within the sector's middle half▼ 23.9%
Total assets€941,972within the sector's middle half▼ 0.6%€942,388within the sector's middle half=€945,346within the sector's middle half▲ 0.3%€1.3mwithin the sector's middle half▲ 36.0%€954,914within the sector's middle half▼ 25.7%
Debt€871,091▲ 0.8%€857,676▼ 1.5%€794,014▼ 7.4%€878,742▲ 10.7%€645,247▼ 26.6%
Working capital-€94,212within the sector's middle half▼ 204%-€66,903within the sector's middle half▲ 29.0%-€57,932below the sector's middle half▲ 13.4%€185,088within the sector's middle half€124,363within the sector's middle half▼ 32.8%
Solvency7.5%below the sector's middle half▼ 1.3pp9.0%below the sector's middle half▲ 1.5pp16.0%below the sector's middle half▲ 7.0pp31.7%within the sector's middle half▲ 15.7pp32.4%within the sector's middle half▲ 0.8pp
Current ratio0.85within the sector's middle half▼ 0.090.90within the sector's middle half▲ 0.050.92within the sector's middle half▲ 0.021.21within the sector's middle half▲ 0.291.20within the sector's middle half▼ 0.01
Return on assets (ROA)-1.4%within the sector's middle half▼ 0.6pp1.5%within the sector's middle half▲ 2.8pp7.0%within the sector's middle half▲ 5.6pp19.9%above the sector's middle half▲ 12.8pp-10.2%below the sector's middle half▼ 30.1pp
Staff (FTE)0below the sector's middle half0below the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 01, Crop and animal production, hunting and related service activities, 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 turns negative in 2025: a loss of €94,820 after €352,782 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €954,914
Fixed assets
€206,988 ▼ 11.1%
Current assets
€747,926 ▼ 29.0%
Equity and liabilities €954,914
Equity
€309,667 ▼ 23.9%
Debt
€645,247 ▼ 26.6%
Debt's share of the balance-sheet total falls from 68.3% to 67.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€46,661▼
2024 · €408,236
Cash flow
-€49,342▼
2024 · €311,289
Quick ratio
0.70▼
2024 · 0.75
Debt to equity
2.08▼
2024 · 2.16
ROE
-31.5%▼
2024 · 62.8%
Interest coverage
-16.80▼
2024 · 84.63
Debt ≤ 1 year
€623,563▼
2024 · €867,900
Income taxes
€0▼
2024 · €92,531
Staff costs
€1,167
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 928 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 90% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a loss of 10% of the balance sheet or more
1.1%
went bankrupt
8.8%
stopped otherwise
90%
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 0.2% 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 928 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | - | €1,167 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €61,957 | €57,850 | €55,729 | €55,454 | €48,159 | ▼ 13.2% |
| Other operating charges640/8 | - | €5,879 | €5,654 | €4,723 | €9,288 | ▲ 96.6% |
| Non-recurring operating charges66A | - | - | - | €145 | €5,286 | ▲ 3,534% |
| Gross operating margin9900 | €71,264 | €87,095 | €156,836 | €413,105 | -€30,920 | ▼ 107% |
| Operating profit (loss)9901 | €1,427 | €23,366 | €95,453 | €352,782 | -€94,820 | ▼ 127% |
| Financial income75/76B | - | €576 | €383 | €407 | €96 | ▼ 76.5% |
| Recurring financial income75 | €1,493 | €576 | €383 | €407 | €96 | ▼ 76.5% |
| Financial charges65/66B | - | €10,773 | €8,606 | €4,824 | €2,777 | ▼ 42.4% |
| Recurring financial charges65 | €12,955 | €10,773 | €8,539 | €4,824 | €2,777 | ▼ 42.4% |
| Non-recurring financial charges66B | - | - | €67 | - | - | - |
| Profit (loss) for the period before taxes9903 | -€10,035 | €13,169 | €87,230 | €348,366 | -€97,501 | ▼ 128% |
| Income taxes67/77 | €2,970 | -€662 | €20,610 | €92,531 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | -€13,005 | €13,831 | €66,620 | €255,835 | -€97,501 | ▼ 138% |
| Profit (loss) for the period to be appropriated9905 | -€13,005 | €13,831 | €66,620 | €255,835 | -€97,501 | ▼ 138% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €941,972 | €942,388 | €945,346 | €1.3m | €954,914 | ▼ 25.7% |
| Fixed assets21/28 | €396,456 | €338,606 | €282,877 | €232,922 | €206,988 | ▼ 11.1% |
| Intangible fixed assets21 | €15,261 | €12,790 | €10,320 | €7,849 | €5,379 | ▼ 31.5% |
| Tangible fixed assets22/27 | €380,945 | €325,566 | €272,307 | €224,823 | €201,359 | ▼ 10.4% |
| Land and buildings22 | - | €321,779 | €270,789 | €219,799 | €198,168 | ▼ 9.8% |
| Plant, machinery and equipment23 | - | €2,704 | €1,352 | €0 | - | - |
| Furniture and vehicles24 | - | €1,083 | €166 | €5,024 | €3,191 | ▼ 36.5% |
| Financial fixed assets28 | €250 | €250 | €250 | €250 | €250 | = |
| Current assets29/58 | €545,516 | €603,782 | €662,469 | €1.1m | €747,926 | ▼ 29.0% |
| Stocks and contracts in progress3 | €305,010 | €393,862 | €396,696 | €400,305 | €313,480 | ▼ 21.7% |
| Stocks30/36 | - | €393,862 | €396,696 | €400,305 | €313,480 | ▼ 21.7% |
| Amounts receivable within one year40/41 | €100,585 | €39,623 | €143,363 | €47,205 | €102,425 | ▲ 117% |
| Trade receivables40 | - | €38,999 | €141,611 | €45,453 | €41,889 | ▼ 7.8% |
| Other amounts receivable41 | - | €624 | €1,752 | €1,753 | €60,536 | ▲ 3,354% |
| Cash at bank and in hand54/58 | €136,804 | €167,004 | €112,493 | €601,602 | €327,822 | ▼ 45.5% |
| Deferred charges and accrued income490/1 | - | €3,293 | €9,917 | €3,875 | €4,199 | ▲ 8.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €941,972 | €942,388 | €945,346 | €1.3m | €954,914 | ▼ 25.7% |
| Equity10/15 | €70,881 | €84,712 | €151,332 | €407,168 | €309,667 | ▼ 23.9% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | - | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | - | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Reserves13 | €8,881 | €22,712 | €89,332 | €345,168 | €247,667 | ▼ 28.2% |
| Non-distributable reserves130/1 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Legal reserve130 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Distributable reserves133 | - | €16,512 | €83,132 | €338,968 | €241,467 | ▼ 28.8% |
| Amounts payable17/49 | €871,091 | €857,676 | €794,014 | €878,742 | €645,247 | ▼ 26.6% |
| Amounts payable after more than one year17 | €231,363 | €177,792 | €53,571 | €0 | - | - |
| Financial debts170/4 | - | €177,792 | €53,571 | €0 | - | - |
| Amounts payable within one year42/48 | €639,728 | €670,685 | €720,401 | €867,900 | €623,563 | ▼ 28.2% |
| Current portion of amounts payable after more than one year42 | - | €53,577 | €53,577 | €53,577 | €0 | ▼ 100% |
| Trade debts44 | €586,151 | €617,108 | €643,166 | €725,893 | €620,169 | ▼ 14.6% |
| Suppliers440/4 | - | €617,108 | €643,166 | €725,893 | €620,169 | ▼ 14.6% |
| Advances received on contracts in progress46 | - | - | - | - | €3,122 | - |
| Taxes, remuneration and social security45 | - | - | €23,658 | €88,430 | €0 | ▼ 100% |
| Taxes450/3 | - | - | €23,658 | €88,430 | €0 | ▼ 100% |
| Other amounts payable47/48 | - | - | - | - | €272 | - |
| Accrued charges and deferred income492/3 | - | €9,199 | €20,042 | €10,842 | €21,684 | ▲ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€13,005 | €13,831 | €66,620 | €255,835 | -€97,501 | ▼ 138% |
| + Depreciation and write-downs630 | €61,957 | €57,850 | €55,729 | €55,454 | €48,159 | ▼ 13.2% |
| Operating cash flow (approximation) | €48,952 | €71,681 | €122,349 | €311,289 | -€49,342 | ▼ 116% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€5,499 | -€22,225 | ▼ 304% |
| Change in cash | - | €30,200 | -€54,511 | €489,109 | -€273,780 | ▼ 156% |
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
2025
15-10
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
31-03
Financial
Weakest financial yearnet -€97,501
Net result drops to -€97,501, the lowest in the series.
2024
22-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
31-03
Financial
Highest result since 2019net €255,835 ▲284%
Operating result €352,782, net result €255,835, both a record.
31-03
Financial
Equity above €200,000Eq €407,168 ▲169%
3 profitable years in a row build equity to €407,168.
2023
24-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
31-03
Financial
Equity above €150,000Eq €151,332 ▲78.6%
2 profitable years in a row build equity to €151,332.
2022
28-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
31-03
Financial
Back to profitnet €13,831
Net result €13,831 after 2 loss-making years.
2021
22-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2020
13-10
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2019
02-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Show earlier events
2018
21-09
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
20-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
27-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB 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, Aalter · 2 establishment units since 2005
Ground area
1.0 ha
Building footprint
2,568 m²
Volume, LiDAR
11,714 m³
3 parcels, Flanders · tallest building 9.9 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
2 establishment units
POEVACO
since 20052.145.633.565
Poevaco
since 20102.185.392.182
3 parcels
Flanders
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37012G0417/00A000 | Flanders | 6,742 m² | 1 · 1,559 m² | 6.7 m · 2 fl. |
| 44056A0339/00G000 | Flanders | 3,280 m² | 1 · 598 m² | 6.0 m · 1 fl. |
| 44503F0859/00T003 | Flanders | 417 m² | 1 · 412 m² | 9.9 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.
Recognitions · licences · registrations
Food safety, FASFC
2 sitesDeinze2.145.633.565
Wingene2.185.392.182
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Of 7,635 companies in sector 01410 we hold annual accounts for 1,848. 1,560 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded20-12-2004
Fiscal year end31-03
Activities, NACEBEL 2025
01410Raising of dairy cattle
01500Mixed farming
01461Pig breeding farms
46231Wholesale of live animals
47781Retail sale of solid, liquid and gaseous fuels, excluding motor fuels
49410Freight transport by road
E-invoicing
Reachable via Peppol
Peppol ID
0208:0870825715
Also
9925:BE0870825715
Registered
19-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.