Q-beef
ActiveSummary
Q-beef has been active since 1977 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €154,474 and a net result of €79,474. Equity remains stable across the filed fiscal years (±1.4% per year). Its solvency ranks better than 37% of 5048 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability91▲+61
Solvency59▼-41
Growth58▼-20
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11,000 at 30 days acceptable
Liquidity tight (current ratio 1.4 against 29.17 in 2024; short-term debt: 65.8% and cash: 75.4% of total assets), and 65.8% 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
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% 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
34.2%
Return on assets
17.6%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 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 · 10 filingsDeviation from the deadline
2025
28 d late
2024
171 d early
2023
1 d early
2022
17 d late
2021
12 d early
2020
55 d late
2019
91 d late
← 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 1 day after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% 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 31 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€79,474▲ 151,886%
2024 · €52
Working capital
€118,035▼ 89.3%
2024 · €1.1m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, 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€92,661▲ 200%€8,698▼ 90.6%€25,875▲ 197%€21,825▼ 15.7%€93,628▲ 329%
Net result€85,117within the sector's middle half▲ 233%€151below the sector's middle half▼ 99.8%€592below the sector's middle half▲ 293%€52below the sector's middle half▼ 91.2%€79,474within the sector's middle half▲ 151,886%
Equity€1.2mabove the sector's middle half▲ 8.0%€1.2mabove the sector's middle half=€1.2mwithin the sector's middle half▲ 0.1%€1.2mwithin the sector's middle half=€154,474below the sector's middle half▼ 86.6%
Total assets€2.2mwithin the sector's middle half▲ 7.8%€2.8mabove the sector's middle half▲ 30.1%€2.9mabove the sector's middle half▲ 4.4%€1.2mwithin the sector's middle half▼ 59.6%€451,379below the sector's middle half▼ 62.1%
Debt€1.0m▲ 7.5%€1.7m▲ 63.9%€1.8m▲ 7.4%€39,667▼ 97.8%€296,905▲ 648%
Working capital€1.1mabove the sector's middle half▲ 8.8%€1.1mabove the sector's middle half▼ 0.4%€1.2mabove the sector's middle half▲ 4.9%€1.1mabove the sector's middle half▼ 4.9%€118,035below the sector's middle half▼ 89.3%
Solvency53.0%within the sector's middle half▲ 0.1pp40.8%within the sector's middle half▼ 12.2pp39.1%within the sector's middle half▼ 1.7pp96.7%above the sector's middle half▲ 57.6pp34.2%within the sector's middle half▼ 62.4pp
Current ratio2.09within the sector's middle half▲ 0.011.66within the sector's middle half▼ 0.431.67within the sector's middle half▲ 0.0129.17above the sector's middle half▲ 27.511.40within the sector's middle half▼ 27.78
Return on assets (ROA)3.9%within the sector's middle half▲ 2.7pp0.0%below the sector's middle half▼ 3.9pp0.0%below the sector's middle half=0.0%below the sector's middle half=17.6%above the sector's middle half▲ 17.6pp
Staff (FTE)0.4below the sector's middle half=0.4below the sector's middle half=0.4below the sector's middle half=0.4below the sector's middle half=0.4below the sector's middle half=
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 329% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €451,379
Fixed assets
€36,439 ▼ 28.3%
Current assets
€414,940 ▼ 63.6%
Equity and liabilities €451,379
Equity
€154,474 ▼ 86.6%
Debt
€296,905 ▲ 648%
Debt's share of the balance-sheet total rises from 3.3% to 65.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€104,288▲
2024 · €34,834
Cash flow
€90,133▲
2024 · €13,062
Debt to equity
1.92▲
2024 · 0.03
ROE
51.4%▲
2024 · 0.0%
Interest coverage
16.59▲
2024 · 1.35
Debt ≤ 1 year
€296,905▲
2024 · €39,082
Income taxes
€7,947
Staff costs
€23,717▲
2024 · €23,421
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,370 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.5%
went bankrupt
5.9%
stopped otherwise
93%
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 0.3% 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 497,338 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% | 1.9% |
| 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 31,370 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 | - | - | - | - | €21,088 | - |
| Remuneration, social security and pensions62 | €20,380 | €20,247 | €22,467 | €23,421 | €23,717 | ▲ 1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,883 | €14,623 | €9,409 | €13,010 | €10,659 | ▼ 18.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | -€21,949 | €0 | - | - |
| Other operating charges640/8 | €6,543 | €6,449 | €31,685 | €9,520 | €6,104 | ▼ 35.9% |
| Non-recurring operating charges66A | - | - | - | - | €2,275 | - |
| Gross operating margin9900 | €128,466 | €50,018 | €67,487 | €67,775 | €136,383 | ▲ 101% |
| Operating profit (loss)9901 | €92,661 | €8,698 | €25,875 | €21,825 | €93,628 | ▲ 329% |
| Financial income75/76B | €0 | €277 | €0 | €3,956 | €79 | ▼ 98.0% |
| Recurring financial income75 | €0 | €277 | €0 | €3,956 | €79 | ▼ 98.0% |
| Financial charges65/66B | €7,544 | €8,825 | €25,283 | €25,728 | €6,286 | ▼ 75.6% |
| Recurring financial charges65 | €7,544 | €8,825 | €25,283 | €25,728 | €6,286 | ▼ 75.6% |
| Profit (loss) for the period before taxes9903 | €85,117 | €151 | €592 | €52 | €87,421 | ▲ 167,085% |
| Income taxes67/77 | - | - | - | - | €7,947 | - |
| Profit (loss) for the period9904 | €85,117 | €151 | €592 | €52 | €79,474 | ▲ 151,886% |
| Profit (loss) for the period to be appropriated9905 | €85,117 | €151 | €592 | €52 | €79,474 | ▲ 151,886% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.2m | €2.8m | €2.9m | €1.2m | €451,379 | ▼ 62.1% |
| Fixed assets21/28 | €42,684 | €46,719 | €48,142 | €50,850 | €36,439 | ▼ 28.3% |
| Tangible fixed assets22/27 | €42,326 | €46,361 | €48,007 | €50,715 | €36,304 | ▼ 28.4% |
| Land and buildings22 | €42,326 | €40,720 | €42,629 | €40,270 | €31,549 | ▼ 21.7% |
| Plant, machinery and equipment23 | - | €5,642 | €4,442 | €9,935 | €4,755 | ▼ 52.1% |
| Furniture and vehicles24 | - | - | €936 | €510 | €0 | ▼ 100% |
| Financial fixed assets28 | €358 | €358 | €135 | €135 | €135 | = |
| Current assets29/58 | €2.1m | €2.8m | €2.9m | €1.1m | €414,940 | ▼ 63.6% |
| Stocks and contracts in progress3 | €547,131 | €606,019 | €466,068 | €22,408 | €0 | ▼ 100% |
| Stocks30/36 | €547,131 | €606,019 | €466,068 | €22,408 | €0 | ▼ 100% |
| Amounts receivable within one year40/41 | €1.4m | €2.1m | €2.2m | €1.1m | €71,746 | ▼ 93.4% |
| Trade receivables40 | €1.3m | €2.0m | €2.1m | €19,915 | €71,746 | ▲ 260% |
| Other amounts receivable41 | €99,588 | €131,134 | €132,944 | €1.1m | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €130,051 | €32,399 | €180,094 | €29,255 | €340,352 | ▲ 1,063% |
| Deferred charges and accrued income490/1 | €4,914 | €5,374 | €4,272 | €4,250 | €2,842 | ▼ 33.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.2m | €2.8m | €2.9m | €1.2m | €451,379 | ▼ 62.1% |
| Equity10/15 | €1.2m | €1.2m | €1.2m | €1.2m | €154,474 | ▼ 86.6% |
| Contributions10/11 | €750,000 | €750,000 | €750,000 | €750,000 | €75,000 | ▼ 90.0% |
| Capital10 | €750,000 | €750,000 | €750,000 | €750,000 | €0 | ▼ 100% |
| Issued capital100 | €750,000 | €750,000 | €750,000 | €750,000 | €0 | ▼ 100% |
| Outside capital11 | - | - | - | - | €75,000 | - |
| Share premium1100/10 | - | - | - | - | €75,000 | - |
| Reserves13 | €400,557 | €400,708 | €401,300 | €401,352 | €79,474 | ▼ 80.2% |
| Non-distributable reserves130/1 | €75,000 | €75,000 | €75,000 | €75,000 | €0 | ▼ 100% |
| Legal reserve130 | €75,000 | €75,000 | €75,000 | €75,000 | €0 | ▼ 100% |
| Distributable reserves133 | €325,557 | €325,708 | €326,300 | €326,352 | €79,474 | ▼ 75.6% |
| Profit (loss) carried forward14 | - | - | - | - | €0 | - |
| Amounts payable17/49 | €1.0m | €1.7m | €1.8m | €39,667 | €296,905 | ▲ 648% |
| Amounts payable within one year42/48 | €1.0m | €1.7m | €1.7m | €39,082 | €296,905 | ▲ 660% |
| Financial debts43 | €500,000 | €500,000 | €500,000 | €0 | - | - |
| Credit institutions430/8 | €500,000 | €500,000 | €500,000 | €0 | - | - |
| Trade debts44 | €507,814 | €1.2m | €1.2m | €35,142 | €35,012 | ▼ 0.4% |
| Suppliers440/4 | €507,814 | €1.2m | €1.2m | €35,142 | €35,012 | ▼ 0.4% |
| Taxes, remuneration and social security45 | €2,327 | €2,400 | €2,857 | €3,939 | €19,365 | ▲ 392% |
| Taxes450/3 | - | - | - | - | €15,535 | - |
| Remuneration and social security454/9 | €2,327 | €2,400 | €2,857 | €3,939 | €3,830 | ▼ 2.8% |
| Other amounts payable47/48 | €10,175 | €12,878 | €0 | - | €242,528 | - |
| Accrued charges and deferred income492/3 | - | - | €55,232 | €586 | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €85,117 | €151 | €592 | €52 | €79,474 | ▲ 151,886% |
| + Depreciation and write-downs630 | €8,883 | €14,623 | €9,409 | €13,010 | €10,659 | ▼ 18.1% |
| Operating cash flow (approximation) | €94,000 | €14,774 | €10,001 | €13,062 | €90,133 | ▲ 590% |
| Investment in fixed assets (approximation) | - | -€18,658 | -€10,831 | -€15,718 | €3,751 | ▲ 124% |
| Change in cash | - | -€97,652 | €147,695 | -€150,838 | €311,096 | ▲ 306% |
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
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 28 days late
2025
10-02
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Liquidity times 18current ratio 29.17
Current ratio from 1.67 to 29.17; short-term debt falls from €1.7m to €39,082.
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
17-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 17 days late
2022
19-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Highest result since 2018net €85,117 ▲233%
Net result €85,117, the highest in the series.
24-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 55 days late
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 91 days late
2019
31-12
Financial
Back to profitnet €10,317
Net result €10,317 after one loss-making year.
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 29 days late
2018
22-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 22 days late
2017
11-07
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 13 acts read
About the unread acts
We know of 13 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
13 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, Lokeren · 1 establishment unit since 1984
Ground area
1.6 ha
Building footprint
3,757 m²
Volume, LiDAR
16,367 m³
2 parcels, Flanders · tallest building 12.6 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Q-beef
since 19842.184.419.313
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46382B1465/00C000indicative | Flanders | 1.2 ha | 1 · 1,630 m² | 12.6 m · 4 fl. |
| 42019A2211/00H000 | Flanders | 3,633 m² | 1 · 2,127 m² | - |
Linked by address, not proof of ownership
Good to know
1 of 2 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
1 siteDendermonde2.184.419.313
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Of 757 companies in sector 46321 we hold annual accounts for 554. 366 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
Founded03-06-1977
Fiscal year end31-12
Activities, NACEBEL 2025
46321Wholesale of meat and meat products, excluding game and poultry
01420Raising of other cattle and buffaloes
E-invoicing
Reachable via Peppol
Peppol ID
0208:0417227088
Also
9925:BE0417227088
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.