Equity
€1.9m ▲ 11.0%
RELLMAN FOODS paid out €100,000 in dividends. That is 114% of the 2025 profit.
RELLMAN FOODS
Lifetime
20 annual accounts with figures on one time axis, 34 filings since 1992peak €44.1m (2025)
€44.1m▲ 14.1%
lowest -€392,849 (2020)
€88,038▼ 7.2%
peak €1.9m (2025)
€1.9m▲ 11.0%
€2.9m▼ 7.7%
peak 6.9 FTE (2019)
5.2 FTE▲ 2.0%
Board4 names since 2019
2 directorsACHAZAM and 1 other
Owners
100%Achazam
Documentsfilings and deeds
03-07-202628 days before the deadline
2025financial year
Turnover from €38.7m to €44.1mDividend €100,000Investments €207,308
Key points
from the 2025 annual accountsChecked score
86
Excellent
Financially stronger than 41% of micro companies in retail trade (NACE 47)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.6% across 40,271 companies (NACE 47, micro).
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.3%highest value
01-2025: 0.3%● unchanged vs 12-2024highest value
02-2025: 0.3%● unchanged vs 01-2025
03-2025: 0.3%● unchanged vs 02-2025
04-2025: 0.3%● unchanged vs 03-2025
05-2025: 0.3%● unchanged vs 04-2025
06-2025: 0.2%▼ -0.1 percentage points vs 05-2025
07-2025: 0.2%● unchanged vs 06-2025
08-2025: 0.2%● unchanged vs 07-2025
09-2025: 0.2%● unchanged vs 08-2025
10-2025: 0.2%● unchanged vs 09-2025
11-2025: 0.2%● unchanged vs 10-2025
12-2025: 0.2%● unchanged vs 11-2025
01-2026: 0.2%● unchanged vs 12-2025
02-2026: 0.2%● unchanged vs 01-2026
03-2026: 0.2%● unchanged vs 02-2026lowest value
04-2026: 0.2%● unchanged vs 03-2026
05-2026: 0.2%● unchanged vs 04-2026
06-2026: 0.2%● unchanged vs 05-2026
07-2026: 0.2%● unchanged vs 06-2026
08-2026: 0.3%▲ +0.1 percentage points vs 07-2026
09-2026: 0.3%● unchanged vs 08-2026
10-2026: 0.3%● unchanged vs 09-2026
11-2026: 0.3%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Liquidity: current ratio 1.29, cash €168,196
Sector: Retail trade (NACE 47)
lowers risk
Founded in 1992
Figures for financial year 2025 (filed on 03-07-2026)
Calculation
The band follows from the bankruptcy probability. 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 47, micro). It does better than 55% of them on solvency, 21% on liquidity, 23% on profitability and 66% on growth.
The bankruptcy probability was computed on 08-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 17,041 companies had the same profile as RELLMAN FOODS has now. Each dot stands for 43 companies, two years later.
94.4%
were still trading
4.9%
stopped another way
0.5%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of RELLMAN FOODS itself: 0.3% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 17,041 companies, not a prediction for RELLMAN FOODS. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €160,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.29 (1.26 in 2024), below the usual 1.5. Short-term debt is 59.7% and cash 3.5% of total assets. 60% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 03-07-2026, 28 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
28 days early
2024
93 days early
2023
62 days early
2022
28 days late
2021
31 days late
2020
13 days late
2019
27 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 12 days before the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% 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 (4 of the last 5 accounts filed within 59 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- Achazam 100%equity €460,619 (2025) · annual accounts 2025
Shares in 2 companies, RELLMAN FOODS UK LTD and RELLMAN FOODS SPAIN SL
Board & ownershipRecent changes
Appointment: Michel WEBER, reviseur d'entreprises (statutory auditor)
General meeting of 26-06-2026 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0446737260
Amendment of the articles
General meeting of 27-12-2023 · Gazette deed
Reappointment: MICHEL WEBER, REVISEUR D'ENTREPRISES (company auditor)
General meeting of 30-06-2023 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| RELLMAN FOODS Waterloo | €4.8m | - | 40.0% | 5.2 |
| DE MAHONEY Pittem | €5.0m | €0.5m | 12.3% | 5.3 |
| Verstraete K&J Wingene | €4.2m | €1.6m | 62.4% | 7.2 |
| BEAUVAL Jurbise | €7.1m | €0.7m | 73.6% | 6.6 |
| DAMACHRISTINE Bredene | €4.2m | €0.8m | 45.2% | 7.6 |
| CARILLON UITBATING Dentergem | €2.6m | €0.9m | 87.6% | 5.9 |
| DECRASON Rumes | €3.0m | €0.8m | 24.7% | 3.5 |
These companies have the same main activity as RELLMAN FOODS: retail sale of meat and meat products, excluding game and poultry (NACE 47221). They are comparable in size and age: total assets between €2.6m and €7.1m, founded between 1993 and 2003.
Official details
Source: KBO- Status
- Active since 25-02-1992Normal situation
- Activity
- Retail sale of meat and meat products, excluding game and poultryNACE 47221and 1 other
- Joint committees
- 100Auxiliary committee for blue-collar workers
- 200Auxiliary committee for white-collar workers · annual accounts 2023
- Establishment unit
- 2.060.708.1841410 Waterloo, since 08-02-1993
- Financial year end
- 31 December
- Peppol
- Reachable since 02-10-2026
Annual accounts 2025
- €4.8m▼ 1.0%
- Employeeson 31-12-2025
- 5▼ 37.5%
- Filing
- Filed on 03-07-2026, 28 days before the end of the filing period
Insights on RELLMAN FOODS
RELLMAN FOODS has existed since 1992. Turnover grew from €16.1m in 2006 to €44.1m in 2025.
Achazam holds all the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about RELLMAN FOODS
- What is the company number of RELLMAN FOODS?
- The company number of RELLMAN FOODS is 0446.737.260. The VAT number is the same number with BE in front: BE 0446.737.260.
- Where is RELLMAN FOODS based?
- The registered office is at Avenue Prince Charles 4, 1410 Waterloo.Company details
- What does RELLMAN FOODS do?
- According to the KBO register, the main activity is retail sale of meat and meat products, excluding game and poultry (NACE 47221).
- What is the legal form of RELLMAN FOODS?
- RELLMAN FOODS is a public limited company (NV).
- When was RELLMAN FOODS founded?
- RELLMAN FOODS was founded on 25-02-1992.
- Is RELLMAN FOODS still active?
- Yes, RELLMAN FOODS is an active enterprise in the KBO register.
- How many employees does RELLMAN FOODS have?
- RELLMAN FOODS had an average of 5.2 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does RELLMAN FOODS fall under?
- In its 2023 annual accounts, RELLMAN FOODS states joint committees 100 (Auxiliary committee for blue-collar workers) and 200 (Auxiliary committee for white-collar workers).
- What is the turnover of RELLMAN FOODS?
- The turnover of RELLMAN FOODS was €44.1m in financial year 2025, according to the filed annual accounts.
- Is RELLMAN FOODS profitable?
- In financial year 2025, RELLMAN FOODS made a profit of €88,038.
- Where can I find the annual accounts of RELLMAN FOODS?
- RELLMAN FOODS filed 34 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of RELLMAN FOODS due?
- RELLMAN FOODS must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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