T-MEALS
ActiveSummary
The computed 12-month bankruptcy probability of T-MEALS is 5.7% (elevated). The 2024 annual accounts show negative equity (€-274k) and a net result of €-82k. Equity is shrinking by ~28.2% per year across the filed fiscal years. Its solvency ranks better than 5% of 9624 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability0▼-68
Solvency0=
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
5.7%
Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.35 against 0.29 in 2023; short-term debt: 214.2% of total assets), and equity is negative.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
-114.2%
Return on assets
-34.3%
Age of the figures
21 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
2021222324
2020 to 2024 · latest year €-274k
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 18-06-2025, 43 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
43 d early
2023
27 d early
2022
24 d early
2021
23 d early
2020
30 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€-274k▼ 42.9%
2023 · €-192k
2020: €-52khighest in 5 years
2021: €-116k▼ -123% vs 2020
2022: €-213k▼ -83.2% vs 2021
2023: €-192k▲ +10.1% vs 2022
2024: €-274k▼ -42.9% vs 2023lowest in 5 years
2020 → 2024
Total assets
€240k▲ 34.0%
2023 · €179k
2020: €81k
2021: €75k▼ -7.6% vs 2020lowest in 5 years
2022: €87k▲ +15.8% vs 2021
2023: €179k▲ +107% vs 2022
2024: €240k▲ +34.0% vs 2023highest in 5 years
2020 → 2024
Net result
€-82k
2023 · €21k
2020: €-67k
2021: €-64k▲ +4.2% vs 2020
2022: €-97k▼ -50.5% vs 2021lowest in 5 years
2023: €21k▲ +122% vs 2022highest in 5 years
2024: €-82k▼ -483% vs 2023
2020 → 2024
Working capital
€-334k▼ 26.4%
2023 · €-264k
2020: €-88khighest in 5 years
2021: €-149k▼ -68.9% vs 2020
2022: €-240k▼ -60.9% vs 2021
2023: €-264k▼ -10.1% vs 2022
2024: €-334k▼ -26.4% vs 2023lowest in 5 years
2020 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€-52k-€-116k▼ 123%€-213k▼ 83.2%€-192k▲ 10.1%€-274k▼ 42.9%
2020: €-52khighest in 5 years
2021: €-116k▼ -123% vs 2020
2022: €-213k▼ -83.2% vs 2021
2023: €-192k▲ +10.1% vs 2022
2024: €-274k▼ -42.9% vs 2023lowest in 5 years
Operating result€-67k-€-63k▲ 5.4%€-94k▼ 49.3%€31k€-75k
2020: €-67k
2021: €-63k▲ +5.4% vs 2020
2022: €-94k▼ -49.3% vs 2021lowest in 5 years
2023: €31k▲ +132% vs 2022highest in 5 years
2024: €-75k▼ -344% vs 2023
Net result€-67k-€-64k▲ 4.2%€-97k▼ 50.5%€21k€-82k
2020: €-67k
2021: €-64k▲ +4.2% vs 2020
2022: €-97k▼ -50.5% vs 2021lowest in 5 years
2023: €21k▲ +122% vs 2022highest in 5 years
2024: €-82k▼ -483% 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 €75k after €31k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €240k
Fixed assets
€60k ▼ 17.0%
Current assets
€179k ▲ 69.1%
Key figures and ratios
EBITDA
€-59k▼
2023 · €37k
Cash flow
€-66k▼
2023 · €28k
Solvency
-114.2%▼
2023 · -107.1%
Current ratio
0.35▲
2023 · 0.29
Quick ratio
0.29▲
2023 · 0.22
Debt to equity
-1.88▲
2023 · -1.93
ROA
-34.3%▼
2023 · 12.0%
Interest coverage
-7.97▼
2023 · 4.11
Debt
€513k▲
2023 · €370k
Debt ≤ 1 year
€513k▲
2023 · €370k
Income taxes
€118▲
2023 · €65
Staff costs
€295k▲
2023 · €237k
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 · 38 lines
Balance sheet
Code20232024
Assets
Total assets20/58€179k€240k▲
Fixed assets21/28€73k€60k▼
Tangible fixed assets22/27€73k€60k▼
Plant, machinery and equipment23€59k€49k▼
Furniture and vehicles24€254€189▼
Other tangible fixed assets26€13k€11k▼
Current assets29/58€106k€179k▲
Stocks and contracts in progress3€25k€30k▲
Stocks30/36€25k€30k▲
Amounts receivable within one year40/41€81k€149k▲
Trade receivables40€81k€149k▲
Other amounts receivable41€85€82▼
Equity and liabilities
Total equity and liabilities10/49€179k€240k▲
Equity10/15€-192k€-274k▼
Contributions10/11€15k€15k=
Profit (loss) carried forward14€-207k€-289k▼
Amounts payable17/49€370k€513k▲
Amounts payable within one year42/48€370k€513k▲
Trade debts44€110k€199k▲
Suppliers440/4€110k€199k▲
Taxes, remuneration and social security45€80k€63k▼
Taxes450/3€34k€16k▼
Remuneration and social security454/9€46k€47k▲
Other amounts payable47/48€181k€251k▲
Income statement
Code20232024
Remuneration, social security and pensions62€237k€295k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€16k▲
Other operating charges640/8€247€393▲
Gross operating margin9900€275k€236k▼
Operating profit (loss)9901€31k€-75k▼
Financial charges65/66B€9k€7k▼
Recurring financial charges65€9k€7k▼
Profit (loss) for the period before taxes9903€22k€-82k▼
Income taxes67/77€65€118▲
Profit (loss) for the period9904€21k€-82k▼
Profit (loss) for the period to be appropriated9905€21k€-82k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-207k€-289k▼
Profit (loss) brought forward from the previous period14P€-228k€-207k▲
Social balance
Average headcount (FTE)90875.08.2▲
The notes to these accounts (5 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 | - | €24 | - | - | - | - |
| Remuneration, social security and pensions62 | - | €193k | €215k | €237k | €295k | ▲ 24.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €512 | €6k | €6k | €7k | €16k | ▲ 134% |
| Other operating charges640/8 | - | - | €380 | €247 | €393 | ▲ 59.1% |
| Gross operating margin9900 | €-49k | €136k | €127k | €275k | €236k | ▼ 14.0% |
| Operating profit (loss)9901 | €-67k | €-63k | €-94k | €31k | €-75k | ▼ 344% |
| Recurring financial income75 | €16 | - | - | - | - | - |
| Financial charges65/66B | - | €1k | €2k | €9k | €7k | ▼ 18.5% |
| Recurring financial charges65 | €249 | €1k | €2k | €9k | €7k | ▼ 18.5% |
| Profit (loss) for the period before taxes9903 | €-67k | €-64k | €-97k | €22k | €-82k | ▼ 481% |
| Income taxes67/77 | - | - | - | €65 | €118 | ▲ 81.0% |
| Profit (loss) for the period9904 | €-67k | €-64k | €-97k | €21k | €-82k | ▼ 483% |
| Profit (loss) for the period to be appropriated9905 | €-67k | €-64k | €-97k | €21k | €-82k | ▼ 483% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €81k | €75k | €87k | €179k | €240k | ▲ 34.0% |
| Fixed assets21/28 | €36k | €33k | €27k | €73k | €60k | ▼ 17.0% |
| Tangible fixed assets22/27 | €36k | €33k | €27k | €73k | €60k | ▼ 17.0% |
| Plant, machinery and equipment23 | - | €32k | €26k | €59k | €49k | ▼ 17.2% |
| Furniture and vehicles24 | - | - | - | €254 | €189 | ▼ 25.5% |
| Other tangible fixed assets26 | - | €1k | €937 | €13k | €11k | ▼ 15.9% |
| Current assets29/58 | €45k | €42k | €59k | €106k | €179k | ▲ 69.1% |
| Stocks and contracts in progress3 | €7k | €6k | €10k | €25k | €30k | ▲ 18.5% |
| Stocks30/36 | - | €6k | €10k | €25k | €30k | ▲ 18.5% |
| Amounts receivable within one year40/41 | €24k | €36k | €49k | €81k | €149k | ▲ 84.8% |
| Trade receivables40 | - | €36k | €49k | €81k | €149k | ▲ 84.9% |
| Other amounts receivable41 | - | - | - | €85 | €82 | ▼ 3.6% |
| Cash at bank and in hand54/58 | €14k | - | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €81k | €75k | €87k | €179k | €240k | ▲ 34.0% |
| Equity10/15 | €-52k | €-116k | €-213k | €-192k | €-274k | ▼ 42.9% |
| Contributions10/11 | - | €15k | €15k | €15k | €15k | = |
| Profit (loss) carried forward14 | €-67k | €-131k | €-228k | €-207k | €-289k | ▼ 39.8% |
| Amounts payable17/49 | €133k | €191k | €300k | €370k | €513k | ▲ 38.6% |
| Amounts payable within one year42/48 | €133k | €191k | €300k | €370k | €513k | ▲ 38.6% |
| Trade debts44 | €118k | €46k | €49k | €110k | €199k | ▲ 81.0% |
| Suppliers440/4 | - | €46k | €49k | €110k | €199k | ▲ 81.0% |
| Taxes, remuneration and social security45 | - | €38k | €42k | €80k | €63k | ▼ 21.3% |
| Taxes450/3 | - | €9k | €8k | €34k | €16k | ▼ 53.1% |
| Remuneration and social security454/9 | - | €29k | €34k | €46k | €47k | ▲ 2.3% |
| Other amounts payable47/48 | - | €108k | €208k | €181k | €251k | ▲ 39.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-67k | €-64k | €-97k | €21k | €-82k | ▼ 483% |
| + Depreciation and write-downs630 | €512 | €6k | €6k | €7k | €16k | ▲ 134% |
| Operating cash flow (approximation) | €-67k | €-58k | €-91k | €28k | €-66k | ▼ 336% |
| Investment in fixed assets (approximation) | - | €-2k | €0 | €-52k | €-3k | ▲ 93.6% |
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
18-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
04-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Back to profitnet €21k
Net result €21k after 3 loss-making years.
07-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Weakest financial yearnet €-97k
Net result drops to €-97k, the lowest in the series; recovery starts the following year.
08-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
01-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
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, Aalter · 3 establishment units since 2020
Ground area
2.8 ha
Building footprint
1.2 ha
Volume, LiDAR
93,957 m³
4 parcels, Flanders · tallest building 20.8 m, ±6 floors. Linked by address, not a title deed.
116
companies at this address
See who is registered here
3 establishment units
Buurtslagers
since 20202.308.087.779
Buurtslagers
since 20232.347.559.752
Bon'Ap
since 20262.387.516.923
4 parcels
Flanders
4
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44503H0052/00C000 | Flanders | 1.4 ha | 1 · 9,001 m² | 11.4 m · 3 fl. |
| 31808M0514/00N008 | Flanders | 8,149 m² | 1 · 2,358 m² | 15.7 m · 3 fl. |
| 44472B2029/00N000 | Flanders | 5,958 m² | - | - |
| 38014E0364/00B000 | Flanders | 505 m² | 1 · 458 m² | 20.8 m · 6 fl. |
Linked by address, not proof of ownership
Good to know
4 of 4 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
2024 · 1 entry · 1,278 EUR awarded · 1,278 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 1,278 EUR | 1,278 EUR |
Schemes
Vlaams opleidingsverlof (VOV)
Recognitions · licences · registrations
Food safety, FASFC
3 sites · 2 with a smileyBrugge2.347.559.752
Koksijde2.308.087.779
Lochristi2.387.516.923
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Of 3,042 companies in sector 47221 we hold annual accounts for 1,564. 576 are within a factor 10 of this headcount. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded14-01-2020
Fiscal year end31-12
Activities, NACEBEL 2025
47221Retail sale of meat and meat products, excluding game and poultry
47120Other non-specialised retail sale
Scores and ratios are computed by Checked and are not a credit decision.