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SELECT MEAT WORKING

Active
Private limited companyfounded 2023active for 2 yearsBavegemstraat 15, 9860 Oosterzele, BelgiumKBO/BCE: BE 1003.274.463
Summary

The computed 12-month bankruptcy probability of SELECT MEAT WORKING is 3.3% (moderate). The 2024 annual accounts show equity of €20,168 and a net result of €15,168. Its solvency ranks better than 11% of 798 sector peers (NACE 10, financial year 2024). The company has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Activity
Manufacture of food products
NACE 10111
1 site
Size
€572,848total assets 2024
Staff
33.7 FTE
Equity
€20,168
Profit
€15,168
Turnover not published (abbreviated format)
Financial health
48 Fair Checked score 2024
Bankruptcy probabilitywithin 12 months
3.3%
Structure
Accounts on time1 of 3 deeds read
Why 48raises riskSector: Manufacture of food products (NACE 10)Figures for financial year 2024 (filed 05-08-2025)1 financial year not filed after the legal deadlinelowers riskSize: total assets €572,848Show the evidence

Checked score

Score 2024
48 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 24% of its sector peers (NACE 10, micro)
Financial strength
Weak
Solvency 29
equity 3.5% of total assets
Liquidity 1
short-term debt 96.5% · cash 0.8%
Profitability 72
return on assets 2.6%
Bankruptcy probability, 12 months
3.3% Moderate
0%0.5%1.5%4%10%≥ 25%

About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 1.1% (3,074 companies, NACE 10, micro)
Last 24 months 01-2025: 3.6% 02-2025: 3.7%▲ +0.1 percentage points vs 01-2025 03-2025: 3.7%● unchanged vs 02-2025 04-2025: 4.2%▲ +0.5 percentage points vs 03-2025 05-2025: 4.2%● unchanged vs 04-2025 06-2025: 4.6%▲ +0.4 percentage points vs 05-2025 07-2025: 5.0%▲ +0.4 percentage points vs 06-2025highest value 08-2025: 5.0%● unchanged vs 07-2025 09-2025: 1.9%▼ -3.1 percentage points vs 08-2025 10-2025: 1.9%● unchanged vs 09-2025 11-2025: 1.8%▼ -0.1 percentage points vs 10-2025lowest value 12-2025: 1.9%▲ +0.1 percentage points vs 11-2025 01-2026: 1.9%● unchanged vs 12-2025 02-2026: 1.9%● unchanged vs 01-2026 03-2026: 1.9%● unchanged vs 02-2026 04-2026: 2.0%▲ +0.1 percentage points vs 03-2026 05-2026: 2.1%▲ +0.1 percentage points vs 04-2026 06-2026: 2.3%▲ +0.2 percentage points vs 05-2026 07-2026: 2.4%▲ +0.1 percentage points vs 06-2026 08-2026: 3.0%▲ +0.6 percentage points vs 07-2026 09-2026: 3.0%● unchanged vs 08-2026 10-2026: 3.3%▲ +0.3 percentage points vs 09-2026
Credit of up to €500 on 30-day terms is acceptable
Liquidity tight (current ratio 1.02; short-term debt: 96.5% and cash: 0.8% of total assets), and 96.5% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 10, micro): better than 21% on solvency, 2% on liquidity and 49% on profitability.

The bankruptcy probability was computed on 11-10-2026 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.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Seven signals.
lowers riskraises riskneutral
lowers risk · Size: total assets €572,848
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
raises risk · Sector: Manufacture of food products (NACE 10)
KBO
raises risk · Figures for financial year 2024 (filed 05-08-2025)
NBB · annual accounts
raises risk · 1 financial year not filed after the legal deadline
NBB · filings
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 11% of 798 sector peers (2024).
NBB · sector comparison
Position among 798 sector peers
Solvency
better than 11%
← weakest strongest →
raises risk · Young company
Founded in 2023, 2 years ago. Young companies fail more often than established ones; the risk is highest 2 to 8 years after founding.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 2 years 0 10 years
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 31-07-2025, 0 days ahead of the deadline.
NBB · 1 filing
Deviation from the deadline
2024
on the day
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its 2024 accounts on the deadline day; the sector median (NACE 10) for financial year 2024 is 5 days before the deadline, and 38% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since incorporation in 2023.
KBO publications · our coverage
  1. Resignation: Ploscaru Mlhaela (director)Appointment: Osiac Daniel (director) ·…
  2. Annual accounts filedfinancial year 2024 · abbreviated…

Key points

  • Caution: Among the weakest 11% on solvencysector median 39.8% · 798 companies 3.5% View
  • One director decidessole director in office 1 View
  • Total assets 2024first financial year filed €572,848 View

By topic

Financials

Financial year
2024
Total assets
€572,848
Profit
€15,168
Solvency
3.5%
Go to Financials

Company details

Sites
1
Legal form
Private limited company
Activity
Manufacture of food productsNACE 10111
Founded
12-12-2023
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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