Equity
VLEES-CENTRALE-VIANDE paid out €550,000 in dividends. That is 147% of the 2025 profit.
VLEES-CENTRALE-VIANDE paid out €550,000 in dividends. That is 147% of the 2025 profit.
The result rose in 2025 from €166,677 to €373,291.
The accounts state no turnover.
Debts rose by €521,332 in 2025. A dividend stands under other debts on the balance sheet date until it is paid.
Green is investment, beige is depreciation. Machinery stands 23.9% higher than in 2024.
In 2025, 2 people joined and 2 left.
The dashed line is the sector median: 0.4% across 26,888 companies (NACE 46, micro).
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 46, micro). It does better than 44% of them on solvency, 70% on liquidity, 80% on profitability and 22% 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 31-08-2025.
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).
In July 2024, 26,972 companies had the same profile as VLEES-CENTRALE-VIANDE has now. Each dot stands for 68 companies, two years later.
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of VLEES-CENTRALE-VIANDE itself: 0.3% within 12 months.
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 26,972 companies, not a prediction for VLEES-CENTRALE-VIANDE. 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.
Liquidity is tight, with a current ratio of 1.45 (1.83 in 2024), below the usual 1.5. Short-term debt is 65.5% and cash 39% of total assets. 65.7% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 5 accounts on average 48 days before the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| VLEES-CENTRALE-VIANDE Anderlecht | €2.7m | €1.0m | 34.3% | 9 |
| MELANT België Antwerp | €2.2m | €1.5m | 40.0% | 13.8 |
| BREUGHEL FOOD Lokeren | €2.0m | €0.7m | 11.0% | 4.7 |
| FLORU Aalst | €2.9m | €1.4m | 50.8% | 13.6 |
| Slagerij Kaldenberg Antwerp | €3.3m | €1.6m | 23.8% | 16.4 |
| Kasmifood Distribution Antwerp | €3.2m | €0.9m | 56.1% | 5 |
| De Wolf Daisy Brussels | €2.0m | €1.1m | 53.6% | 7.3 |
These companies have the same main activity as VLEES-CENTRALE-VIANDE: wholesale of meat and meat products, excluding game and poultry (NACE 46321). They are comparable in size and age: total assets between €2m and €3.3m, founded between 2016 and 2023.
Solvency fell in 2025 from 46.7% to 34.3% because of the dividend.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
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