ROYAL MEAT
BankruptcySummary
The KBO register records for ROYAL MEAT the legal situation: open bankruptcy; this is today's state according to the register itself, which carries no start date. The 2024 annual accounts show equity of €332k and a net result of €-87k.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 9040 sector peers (2024).
NBB · sector comparisonPosition among 9040 sector peers
Solvency
better than 22%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 02-06-2025, 59 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
59 d early
2023
5 d early
2022
28 d late
2021
30 d late
2020
30 d late
2019
31 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€332k▼ 48.0%
2023 · €638k
2018: €632k
2019: €385k▼ -39.0% vs 2018
2020: €197k▼ -48.8% vs 2019lowest in 7 years
2021: €212k▲ +7.5% vs 2020
2022: €224k▲ +5.5% vs 2021
2023: €638k▲ +185% vs 2022highest in 7 years
2024: €332k▼ -48.0% vs 2023
2018 → 2024
Total assets
€1.87M▼ 12.2%
2023 · €2.13M
2018: €1.90M
2019: €1.77M▼ -6.6% vs 2018
2020: €1.62M▼ -8.2% vs 2019lowest in 7 years
2021: €1.80M▲ +10.8% vs 2020
2022: €1.80M▼ -0.3% vs 2021
2023: €2.13M▲ +18.7% vs 2022highest in 7 years
2024: €1.87M▼ -12.2% vs 2023
2018 → 2024
Net result
€-87k
2023 · €319k
2018: €-84k
2019: €-246k▼ -193% vs 2018lowest in 7 years
2020: €-188k▲ +23.5% vs 2019
2021: €-11k▲ +94.0% vs 2020
2022: €12k▲ +203% vs 2021
2023: €319k▲ +2652% vs 2022highest in 7 years
2024: €-87k▼ -127% vs 2023
2018 → 2024
Working capital
€-352k▼ 48.3%
2023 · €-237k
2018: €204khighest in 7 years
2019: €-95k▼ -147% vs 2018
2020: €-84k▲ +12.0% vs 2019
2021: €40k▲ +148% vs 2020
2022: €99k▲ +145% vs 2021
2023: €-237k▼ -340% vs 2022
2024: €-352k▼ -48.3% vs 2023lowest in 7 years
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€197k-€212k▲ 7.5%€224k▲ 5.5%€638k▲ 185%€332k▼ 48.0%
2020: €197klowest in 5 years
2021: €212k▲ +7.5% vs 2020
2022: €224k▲ +5.5% vs 2021
2023: €638k▲ +185% vs 2022highest in 5 years
2024: €332k▼ -48.0% vs 2023
Operating result€-159k-€19k€40k▲ 115%€353k▲ 773%€-54k
2020: €-159klowest in 5 years
2021: €19k▲ +112% vs 2020
2022: €40k▲ +115% vs 2021
2023: €353k▲ +773% vs 2022highest in 5 years
2024: €-54k▼ -115% vs 2023
Net result€-188k-€-11k▲ 94.0%€12k€319k▲ 2,652%€-87k
2020: €-188klowest in 5 years
2021: €-11k▲ +94.0% vs 2020
2022: €12k▲ +203% vs 2021
2023: €319k▲ +2652% vs 2022highest in 5 years
2024: €-87k▼ -127% vs 2023
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 2024: a loss of €54k after €353k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.86M
Fixed assets
€1.71M ▼ 8.4%
Current assets
€145k ▼ 39.7%
Equity and liabilities €1.87M
Equity
€332k ▼ 48.0%
Provisions
€41k =
Debt
€1.50M ▲ 3.2%
Debt's share of the balance-sheet total rises from 68.2% to 80.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-26k▼
2023 · €372k
Cash flow
€-58k▼
2023 · €338k
Current ratio
0.29▼
2023 · 0.50
Quick ratio
0.26▼
2023 · 0.45
Debt to equity
4.53▲
2023 · 2.28
ROE
-26.2%▼
2023 · 50.0%
ROA
-4.6%▼
2023 · 14.9%
Interest coverage
-0.76▼
2023 · 10.63
Debt ≤ 1 year
€497k▲
2023 · €477k
Debt > 1 year
€1.00M▲
2023 · €977k
Income taxes
€-5▼
2023 · €9
Staff costs
€193k▲
2023 · €172k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 57 lines
Balance sheet
Code20232024
Assets
Total assets20/58€2.13M€1.87M▼
Formation expenses20€21k€15k▼
Fixed assets21/28€1.87M€1.71M▼
Intangible fixed assets21€746k€527k▼
Tangible fixed assets22/27€1.12M€1.19M▲
Land and buildings22€1.12M€1.11M▼
Plant, machinery and equipment23€2k€114▼
Furniture and vehicles24-€73k
Financial fixed assets28€2k-
Current assets29/58€240k€145k▼
Stocks and contracts in progress3€25k€16k▼
Stocks30/36€25k€16k▼
Amounts receivable within one year40/41€192k€124k▼
Trade receivables40€185k€122k▼
Other amounts receivable41€7k€2k▼
Cash at bank and in hand54/58€23k€5k▼
Equity and liabilities
Total equity and liabilities10/49€2.13M€1.87M▼
Equity10/15€638k€332k▼
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Revaluation surpluses12€746k€527k▼
Reserves13€6k€6k=
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Profit (loss) carried forward14€-177k€-264k▼
Provisions and deferred taxes16€41k€41k=
Provisions for liabilities and charges160/5€41k€41k=
Environmental obligations163€41k€41k=
Amounts payable17/49€1.45M€1.50M▲
Amounts payable after more than one year17€977k€1.00M▲
Financial debts170/4€977k€1.00M▲
Amounts payable within one year42/48€477k€497k▲
Current portion of amounts payable after more than one year42€141k€82k▼
Trade debts44€272k€376k▲
Suppliers440/4€272k€376k▲
Taxes, remuneration and social security45€65k€39k▼
Remuneration and social security454/9€65k€39k▼
Income statement
Code20232024
Non-recurring operating income76A€651k-
Remuneration, social security and pensions62€172k€193k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€20k€29k▲
Other operating charges640/8€250k€7k▼
Non-recurring operating charges66A€41k-
Gross operating margin9900€835k€174k▼
Operating profit (loss)9901€353k€-54k▼
Financial income75/76B€1k€908▼
Recurring financial income75€1k€908▼
Financial charges65/66B€35k€34k▼
Recurring financial charges65€35k€34k▼
Profit (loss) for the period before taxes9903€319k€-87k▼
Income taxes67/77€9€-5▼
Profit (loss) for the period9904€319k€-87k▼
Profit (loss) for the period to be appropriated9905€319k€-87k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-197k€-264k▼
Profit (loss) brought forward from the previous period14P€-515k€-177k▲
Transfer from equity791/2€20k-
Social balance
Average headcount (FTE)90874.04.0=
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €651k | - | - |
| Remuneration, social security and pensions62 | - | €126k | €154k | €172k | €193k | ▲ 12.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €31k | €19k | €20k | €20k | €29k | ▲ 45.0% |
| Other operating charges640/8 | - | €3k | €3k | €250k | €7k | ▼ 97.3% |
| Non-recurring operating charges66A | - | - | - | €41k | - | - |
| Gross operating margin9900 | €73k | €167k | €217k | €835k | €174k | ▼ 79.2% |
| Operating profit (loss)9901 | €-159k | €19k | €40k | €353k | €-54k | ▼ 115% |
| Financial income75/76B | - | €1k | €1k | €1k | €908 | ▼ 22.0% |
| Recurring financial income75 | €422 | €1k | €1k | €1k | €908 | ▼ 22.0% |
| Financial charges65/66B | - | €31k | €30k | €35k | €34k | ▼ 3.7% |
| Recurring financial charges65 | €30k | €31k | €30k | €35k | €34k | ▼ 3.7% |
| Profit (loss) for the period before taxes9903 | €-188k | €-11k | €12k | €319k | €-87k | ▼ 127% |
| Income taxes67/77 | - | - | - | €9 | €-5 | ▼ 153% |
| Profit (loss) for the period9904 | €-188k | €-11k | €12k | €319k | €-87k | ▼ 127% |
| Transfer from tax-exempt reserves789 | - | €3k | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €-188k | €-9k | €12k | €319k | €-87k | ▼ 127% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.62M | €1.80M | €1.80M | €2.13M | €1.87M | ▼ 12.2% |
| Formation expenses20 | €21k | €29k | €27k | €21k | €15k | ▼ 30.4% |
| Fixed assets21/28 | €1.13M | €1.15M | €1.14M | €1.87M | €1.71M | ▼ 8.4% |
| Intangible fixed assets21 | - | - | - | €746k | €527k | ▼ 29.4% |
| Tangible fixed assets22/27 | €1.13M | €1.15M | €1.14M | €1.12M | €1.19M | ▲ 5.6% |
| Land and buildings22 | - | €1.14M | €1.13M | €1.12M | €1.11M | ▼ 0.8% |
| Plant, machinery and equipment23 | - | €11k | €6k | €2k | €114 | ▼ 93.2% |
| Furniture and vehicles24 | - | €200 | - | - | €73k | - |
| Financial fixed assets28 | €5k | €5k | €5k | €2k | - | - |
| Current assets29/58 | €473k | €620k | €627k | €240k | €145k | ▼ 39.7% |
| Stocks and contracts in progress3 | €56k | €70k | €100k | €25k | €16k | ▼ 36.4% |
| Stocks30/36 | - | €70k | €100k | €25k | €16k | ▼ 36.4% |
| Amounts receivable within one year40/41 | €389k | €414k | €464k | €192k | €124k | ▼ 35.6% |
| Trade receivables40 | - | €410k | €458k | €185k | €122k | ▼ 33.9% |
| Other amounts receivable41 | - | €4k | €5k | €7k | €2k | ▼ 78.9% |
| Cash at bank and in hand54/58 | €16k | €136k | €63k | €23k | €5k | ▼ 77.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.62M | €1.80M | €1.80M | €2.13M | €1.87M | ▼ 12.2% |
| Equity10/15 | €197k | €212k | €224k | €638k | €332k | ▼ 48.0% |
| Contributions10/11 | €62k | €62k | €62k | €62k | €62k | = |
| Capital10 | - | €62k | €62k | €62k | €62k | = |
| Issued capital100 | - | €62k | €62k | €62k | €62k | = |
| Revaluation surpluses12 | - | €651k | €651k | €746k | €527k | ▼ 29.4% |
| Reserves13 | €29k | €26k | €26k | €6k | €6k | = |
| Non-distributable reserves130/1 | - | €6k | €6k | €6k | €6k | = |
| Legal reserve130 | - | €6k | €6k | €6k | €6k | = |
| Distributable reserves133 | - | €20k | €20k | - | - | - |
| Profit (loss) carried forward14 | €-518k | €-527k | €-515k | €-177k | €-264k | ▼ 49.1% |
| Provisions and deferred taxes16 | - | - | - | €41k | €41k | = |
| Provisions for liabilities and charges160/5 | - | - | - | €41k | €41k | = |
| Environmental obligations163 | - | - | - | €41k | €41k | = |
| Amounts payable17/49 | €1.43M | €1.59M | €1.57M | €1.45M | €1.50M | ▲ 3.2% |
| Amounts payable after more than one year17 | €870k | €1.01M | €1.04M | €977k | €1.00M | ▲ 2.8% |
| Financial debts170/4 | - | €1.01M | €1.04M | €977k | €1.00M | ▲ 2.8% |
| Amounts payable within one year42/48 | €557k | €579k | €528k | €477k | €497k | ▲ 4.0% |
| Current portion of amounts payable after more than one year42 | - | €105k | €177k | €141k | €82k | ▼ 41.8% |
| Trade debts44 | €506k | €407k | €300k | €272k | €376k | ▲ 38.0% |
| Suppliers440/4 | - | €407k | €300k | €272k | €376k | ▲ 38.0% |
| Taxes, remuneration and social security45 | - | €68k | €51k | €65k | €39k | ▼ 39.6% |
| Remuneration and social security454/9 | - | €68k | €51k | €65k | €39k | ▼ 39.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-188k | €-11k | €12k | €319k | €-87k | ▼ 127% |
| + Depreciation and write-downs630 | €31k | €19k | €20k | €20k | €29k | ▲ 45.0% |
| Operating cash flow (approximation) | €-157k | €8k | €31k | €338k | €-58k | ▼ 117% |
| Investment in fixed assets (approximation) | - | €-40k | €-10k | €-749k | €130k | ▲ 117% |
| Change in cash | - | €119k | €-73k | €-40k | €-18k | ▲ 55.7% |
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
25-09
Judicial reorganisation
Transfer under judicial authority
ondernemingsrechtbank Brussel · court-supervised transfer
02-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
28-05
Judicial reorganisation
Transfer under judicial authority
ondernemingsrechtbank Brussel · court-supervised transfer · event 20-05-2025
2024
26-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2018net €319k ▲2,652%
Operating result €353k, net result €319k, both a record.
31-12
Financial
Equity above €500kEq €638k ▲185%
2 profitable years in a row build equity to €638k.
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 28 days late
2022
31-12
Financial
Back to profitnet €12k
Net result €12k after 4 loss-making years.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 30 days late
2021
31-12
Financial
Equity above €200kEq €212k ▲7.5%
Equity rises from €197k to €212k.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 30 days late
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 31 days late
Show earlier events
2019
31-12
Financial
Weakest financial yearnet €-246k
Net result drops to €-246k, the lowest in the series.
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 26 days late
2018
12-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
14-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
01-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 16 acts read
About the unread acts
We know of 16 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
16 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, Zemst · 1 establishment unit since 1989
Ground area
3,402 m²
Building footprint
611 m²
Volume, LiDAR
2,613 m³
Parcel 23034A0437/00G002, Flanders · tallest building 7.9 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Carnivore
since 19892.042.916.010
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23034A0437/00G002 | Flanders | 3,402 m² | 1 · 611 m² | 7.9 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel 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
2022 · 1 entry · 486 EUR awarded · 486 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 486 EUR | 486 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 756 companies in sector 46321 we hold annual accounts for 551. 408 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
Founded28-02-1989
Fiscal year end31-12
Activities, NACEBEL 2025
46321Wholesale of meat and meat products, excluding game and poultry
47221Retail sale of meat and meat products, excluding game and poultry
Scores and ratios are computed by Checked and are not a credit decision.