PROOF
ActiveSummary
PROOF has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.1m and a net result of €111,233. Equity is growing by ~6.8% per year across the filed fiscal years. Its solvency ranks better than 53% of 1697 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability74▼-2
Solvency68▲+5
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €75,000 at 30 days acceptable
Liquidity tight (current ratio 1.17 against 1.1 in 2023; short-term debt: 20.3% and cash: 7.2% of total assets), and 57.1% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four 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 · 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
42.9%
Return on assets
4.4%
Age of the figures
21 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 28-08-2025, 28 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 · 8 filingsDeviation from the deadline
2025
not confirmed
2024
28 d late
2023
30 d late
2022
150 d late
2021
30 d late
2020
31 d late
2019
31 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 50 days after 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 (1)
History
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Financials · fiscal year 2024, abbreviated schema
Equity
€1.1m▲ 11.5%
2023 · €967,890
Total assets
€2.5m▼ 1.9%
2023 · €2.6m
Net result
€111,233▼ 21.3%
2023 · €141,321
Working capital
€86,812▲ 54.6%
2023 · €56,159
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
Line20202021202220232024
Operating result€2,943▼ 99.3%-€78,777€730€184,980▲ 25,241%€186,278▲ 0.7%
Net result-€17,040below the sector's middle half-€97,290below the sector's middle half▼ 471%-€22,542below the sector's middle half▲ 76.8%€141,321within the sector's middle half€111,233within the sector's middle half▼ 21.3%
Equity€946,401within the sector's middle half▼ 1.8%€849,111within the sector's middle half▼ 10.3%€826,569within the sector's middle half▼ 2.7%€967,890within the sector's middle half▲ 17.1%€1.1mwithin the sector's middle half▲ 11.5%
Total assets€2.8mwithin the sector's middle half▼ 5.2%€2.6mwithin the sector's middle half▼ 7.2%€2.5mwithin the sector's middle half▼ 4.6%€2.6mwithin the sector's middle half▲ 3.8%€2.5mwithin the sector's middle half▼ 1.9%
Debt€1.8m▼ 6.9%€1.7m▼ 5.6%€1.6m▼ 5.6%€1.6m▼ 2.9%€1.4m▼ 10.1%
Working capital-€20,630within the sector's middle half▼ 10.4%-€95,952within the sector's middle half▼ 365%-€97,040within the sector's middle half▼ 1.1%€56,159within the sector's middle half€86,812within the sector's middle half▲ 54.6%
Solvency33.9%within the sector's middle half▲ 1.2pp32.8%within the sector's middle half▼ 1.1pp33.5%within the sector's middle half▲ 0.7pp37.8%within the sector's middle half▲ 4.3pp42.9%within the sector's middle half▲ 5.2pp
Current ratio0.96within the sector's middle half▼ 0.010.81within the sector's middle half▼ 0.150.81below the sector's middle half=1.10within the sector's middle half▲ 0.291.17within the sector's middle half▲ 0.07
Return on assets (ROA)-0.6%below the sector's middle half▼ 14.0pp-3.8%below the sector's middle half▼ 3.1pp-0.9%within the sector's middle half▲ 2.8pp5.5%within the sector's middle half▲ 6.4pp4.4%within the sector's middle half▼ 1.1pp
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
After the dip in 2021 the operating result has climbed three years in a row; 2024 is 1% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.5m
Fixed assets
€1.9m ▼ 1.2%
Current assets
€595,948 ▼ 4.3%
Equity and liabilities €2.5m
Equity
€1.1m ▲ 11.5%
Debt
€1.4m ▼ 10.1%
Debt's share of the balance-sheet total falls from 62.2% to 57.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€317,962▲
2023 · €311,382
Cash flow
€242,917▼
2023 · €267,724
Quick ratio
0.68▲
2023 · 0.56
Debt to equity
1.33▼
2023 · 1.65
ROE
10.3%▼
2023 · 14.6%
Interest coverage
7.07▼
2023 · 10.55
Debt ≤ 1 year
€509,136▼
2023 · €566,510
Debt > 1 year
€925,245▼
2023 · €1.0m
Income taxes
€30,043▲
2023 · €14,132
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,045 companies that looked in July 2024 the way this one looks now, 0.3% went bankrupt within 24 months and 96% are still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
0.3%
went bankrupt
3.6%
stopped otherwise
96%
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 0.4% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 6,045 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €127,828 | €124,913 | €124,398 | €126,403 | €131,683 | ▲ 4.2% |
| Other operating charges640/8 | - | €34,912 | €54,117 | €58,993 | €73,839 | ▲ 25.2% |
| Gross operating margin9900 | €155,964 | €81,048 | €179,245 | €370,375 | €391,801 | ▲ 5.8% |
| Operating profit (loss)9901 | €2,943 | -€78,777 | €730 | €184,980 | €186,278 | ▲ 0.7% |
| Financial charges65/66B | - | €18,513 | €23,272 | €29,526 | €45,001 | ▲ 52.4% |
| Recurring financial charges65 | €19,983 | €18,513 | €23,272 | €29,526 | €45,001 | ▲ 52.4% |
| Profit (loss) for the period before taxes9903 | -€17,040 | -€97,290 | -€22,542 | €155,454 | €141,277 | ▼ 9.1% |
| Income taxes67/77 | - | - | - | €14,132 | €30,043 | ▲ 113% |
| Profit (loss) for the period9904 | -€17,040 | -€97,290 | -€22,542 | €141,321 | €111,233 | ▼ 21.3% |
| Profit (loss) for the period to be appropriated9905 | -€17,040 | -€97,290 | -€22,542 | €141,321 | €111,233 | ▼ 21.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.8m | €2.6m | €2.5m | €2.6m | €2.5m | ▼ 1.9% |
| Fixed assets21/28 | €2.3m | €2.2m | €2.1m | €1.9m | €1.9m | ▼ 1.2% |
| Tangible fixed assets22/27 | €2.3m | €2.2m | €2.1m | €1.9m | €1.9m | ▼ 1.2% |
| Land and buildings22 | - | €2.2m | €2.0m | €1.9m | €1.9m | ▼ 1.0% |
| Plant, machinery and equipment23 | - | €13,828 | €4,769 | €11,946 | €8,433 | ▼ 29.4% |
| Current assets29/58 | €485,512 | €409,249 | €413,361 | €622,670 | €595,948 | ▼ 4.3% |
| Stocks and contracts in progress3 | €227,897 | €199,842 | €268,153 | €304,978 | €250,878 | ▼ 17.7% |
| Stocks30/36 | - | €199,842 | €268,153 | €304,978 | €250,878 | ▼ 17.7% |
| Amounts receivable within one year40/41 | €64,938 | €153,327 | €84,382 | €175,008 | €155,587 | ▼ 11.1% |
| Trade receivables40 | - | €147,156 | €81,945 | €172,572 | €147,977 | ▼ 14.3% |
| Other amounts receivable41 | - | €6,171 | €2,437 | €2,437 | €7,610 | ▲ 212% |
| Cash at bank and in hand54/58 | €185,871 | €48,881 | €58,865 | €133,979 | €179,721 | ▲ 34.1% |
| Deferred charges and accrued income490/1 | - | €7,199 | €1,960 | €8,704 | €9,763 | ▲ 12.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.8m | €2.6m | €2.5m | €2.6m | €2.5m | ▼ 1.9% |
| Equity10/15 | €946,401 | €849,111 | €826,569 | €967,890 | €1.1m | ▲ 11.5% |
| Contributions10/11 | €702,910 | €702,910 | €702,910 | €773,201 | €773,201 | = |
| Capital10 | - | €702,910 | €702,910 | - | - | - |
| Issued capital100 | - | €702,910 | €702,910 | - | - | - |
| Reserves13 | €243,491 | €146,201 | €123,659 | €194,689 | €305,922 | ▲ 57.1% |
| Non-distributable reserves130/1 | - | €70,291 | €70,291 | - | - | - |
| Legal reserve130 | - | €70,291 | €70,291 | - | - | - |
| Distributable reserves133 | - | €75,910 | €53,368 | €194,689 | €305,922 | ▲ 57.1% |
| Profit (loss) carried forward14 | -€134,987 | - | - | - | - | - |
| Amounts payable17/49 | €1.8m | €1.7m | €1.6m | €1.6m | €1.4m | ▼ 10.1% |
| Amounts payable after more than one year17 | €1.3m | €1.2m | €1.1m | €1.0m | €925,245 | ▼ 10.0% |
| Financial debts170/4 | - | €1.2m | €1.1m | €1.0m | €925,245 | ▼ 10.0% |
| Amounts payable within one year42/48 | €506,143 | €505,201 | €510,401 | €566,510 | €509,136 | ▼ 10.1% |
| Current portion of amounts payable after more than one year42 | - | €102,945 | €102,944 | €102,944 | €102,944 | = |
| Trade debts44 | €81,018 | €80,715 | €88,870 | €134,377 | €56,515 | ▼ 57.9% |
| Suppliers440/4 | - | €80,715 | €88,870 | €134,377 | €56,515 | ▼ 57.9% |
| Taxes, remuneration and social security45 | - | €140 | €1,214 | €16,376 | €30,165 | ▲ 84.2% |
| Taxes450/3 | - | €140 | €140 | €16,376 | €30,165 | ▲ 84.2% |
| Remuneration and social security454/9 | - | - | €1,074 | - | - | - |
| Other amounts payable47/48 | - | €321,401 | €317,373 | €312,812 | €319,512 | ▲ 2.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€17,040 | -€97,290 | -€22,542 | €141,321 | €111,233 | ▼ 21.3% |
| + Depreciation and write-downs630 | €127,828 | €124,913 | €124,398 | €126,403 | €131,683 | ▲ 4.2% |
| Operating cash flow (approximation) | €110,788 | €27,623 | €101,856 | €267,724 | €242,917 | ▼ 9.3% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€11,580 | -€109,320 | ▼ 844% |
| Change in cash | - | -€136,990 | €9,984 | €75,113 | €45,742 | ▼ 39.1% |
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
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 28 days late
2024
31-12
Financial
Equity above €1mEq €1.1m ▲11.5%
2 profitable years in a row build equity to €1.1m.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 30 days late
2023
31-12
Financial
Back to profitnet €141,321
Net result €141,321 after 3 loss-making years.
28-12
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 150 days late
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 30 days late
2021
31-12
Financial
Weakest financial yearnet -€97,290
Net result drops to -€97,290, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 31 days late
2019
31-12
Financial
Back to profitnet €395,518
Net result €395,518 after one loss-making year.
27-09
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 58 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Zonnebeke · 5 establishment units since 2016
Ground area
5,892 m²
Building footprint
1,159 m²
Volume, LiDAR
5,746 m³
5 parcels, Flanders · tallest building 9.5 m, ±2 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
5 establishment units
Kleine Passendalestraat 6, 8980 Zonnebeke
since 20162.256.297.105
Kleine Passendalestraat 5, 8980 Zonnebeke
since 20162.256.297.204
Werviksestraat 7, 8890 Moorslede
since 20162.256.297.402
Laagweg 59, 8940 Wervik
since 20182.277.969.180
PROOF
since 20212.322.910.369
5 parcels
Flanders
5
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 33009A0170/00H000 | Flanders | 2,570 m² | 1 · 570 m² | 8.2 m · 2 fl. |
| 33001B0217/00A002 | Flanders | 1,114 m² | 1 · 128 m² | 7.8 m · 2 fl. |
| 33001B0219/00S000 | Flanders | 933 m² | - | - |
| 36012D1020/00Y000 | Flanders | 767 m² | 1 · 275 m² | 7.9 m · 1 fl. |
| 33029B0273/00E003 | Flanders | 508 m² | 1 · 186 m² | 9.5 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
5 of 5 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 441 EUR awarded · 441 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 441 EUR | 441 EUR |
Recognitions · licences · registrations
Food safety, FASFC
4 sitesZonnebeke2.256.297.105
Moorslede2.256.297.402
Wervik2.277.969.180
Wervik2.322.910.369
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Of 903 companies in sector 01461 we hold annual accounts for 295. 230 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
Founded08-09-2016
Fiscal year end31-12
Activities, NACEBEL 2025
01461Pig breeding farms
01110Growing of cereals (except rice), leguminous crops and oil seeds
20590Manufacture of chemicals and chemical products
E-invoicing
Reachable via Peppol
Peppol ID
0208:0662430618
Also
9925:BE0662430618
Registered
05-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.