VLEESGROOTHANDEL DECORTE
ActiveSummary
VLEESGROOTHANDEL DECORTE has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €458,650 and a net result of €342,324. Equity is growing by ~10.5% per year across the filed fiscal years. Its solvency ranks better than 35% of 8281 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Overview
What they do
Wholesale of meat and meat products, excluding game and poultry
NACE 46321NACE 51321
2 sites
How big
€1.6mtotal assets 2025
- Staff
- 6.7 FTE
- Equity
- €458,650
- Profit
- €342,324
Turnover not published (abridged schema)
Who decides
- Parent
- VLEESWAREN DECORTE · 100%
Accounts 53 d early0 of 5 deeds read
Why 76- Multiple establishment units- Higher-failure-rate sector+ Long track record+ Annual accounts: healthy financial profile+ Lower-risk legal formLatest accounts filed on timeShow the evidence
Checked score
Score 2025
Axes · tick = 2024
Profitability96▲+12
Solvency55▲+14
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30,000 at 30 days acceptable
Liquidity tight (current ratio 1.35 against 1.08 in 2024; short-term debt: 39.7% and cash: 18.6% of total assets), and 70.4% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
29.6%
Return on assets
22.1%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 08-06-2026, 53 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
53 d early
2024
24 d early
2023
51 d early
2022
25 d late
2021
88 d late
2020
116 d late
2019
112 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 30 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 7 July (4 of the last 5 filed years within 49 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · abbreviated…
- Highest result since 2018net €342,324 ▲63.1%
- Annual accounts filedfiscal year 2024 · abbreviated…
Financials
Fiscal year 2025Total assets €1.6mProfit €342,324Solvency 29.6%Liquidity 1.35
Total assets
€1.6m▼ 9.4%
2018 - 2025
Net result
€342,324▲ 63.1%
2018 - 2025
Equity
€458,650▲ 72.2%
2018 - 2025
Staff (FTE)
6.7▼ 1.5%
2018 - 2025
Financials · fiscal year 2025, abbreviated schema
Trend over the years
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€0.4m▼ 1.6%€0.2m▼ 52.4%€0.2m▲ 8.8%€0.3m▲ 52.8%€0.5m▲ 57.8%
Net result€0.3mabove the sector's middle half▲ 6.4%€0.2mwithin the sector's middle half▼ 39.2%€0.1mwithin the sector's middle half▼ 18.9%€0.2mabove the sector's middle half▲ 55.1%€0.3mabove the sector's middle half▲ 63.1%
Equity€0.6mwithin the sector's middle half▲ 73.2%€0.8mwithin the sector's middle half▲ 25.7%€0.5mwithin the sector's middle half▼ 37.9%€0.3mwithin the sector's middle half▼ 47.4%€0.5mwithin the sector's middle half▲ 72.2%
Total assets€0.9mwithin the sector's middle half▲ 34.5%€1.8mwithin the sector's middle half▲ 95.8%€2.0mwithin the sector's middle half▲ 10.3%€1.7mwithin the sector's middle half▼ 12.2%€1.6mwithin the sector's middle half▼ 9.4%
Debt€0.3m▼ 14.4%€1.0m▲ 275%€1.4m▲ 51.6%€1.4m▲ 0.1%€1.1m▼ 24.4%
Working capital€0.5mwithin the sector's middle half▲ 64.3%€0.4mwithin the sector's middle half▼ 26.0%-€0.3mbelow the sector's middle half€0.07mwithin the sector's middle half€0.2mwithin the sector's middle half▲ 191%
Solvency71.9%above the sector's middle half▲ 16.1pp46.1%within the sector's middle half▼ 25.7pp26.0%within the sector's middle half▼ 20.2pp15.6%below the sector's middle half▼ 10.4pp29.6%within the sector's middle half▲ 14.0pp
Current ratio3.10above the sector's middle half▲ 1.011.57within the sector's middle half▼ 1.530.69below the sector's middle half▼ 0.881.08below the sector's middle half▲ 0.391.35within the sector's middle half▲ 0.27
Return on assets (ROA)30.4%above the sector's middle half▼ 8.0pp9.4%within the sector's middle half▼ 21.0pp6.9%within the sector's middle half▼ 2.5pp12.3%above the sector's middle half▲ 5.3pp22.1%above the sector's middle half▲ 9.8pp
Staff (FTE)5.4within the sector's middle half=3.9within the sector's middle half▼ 27.8%5.5within the sector's middle half▲ 41.0%6.8within the sector's middle half▲ 23.6%6.7within the sector's middle half▼ 1.5%
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result and balance sheet
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 58% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.6m
Fixed assets
€718,935 ▼ 3.0%
Current assets
€833,000 ▼ 14.2%
Equity and liabilities €1.6m
Equity
€458,650 ▲ 72.2%
Debt
€1.1m ▼ 24.4%
Debt's share of the balance-sheet total falls from 84.4% to 70.4%. Equity is higher and debt is lower.
Key figures and ratios
Key figures and ratios
EBITDA
€592,233▲
2024 · €423,306
Cash flow
€461,763▲
2024 · €333,505
Quick ratio
1.31▲
2024 · 1.05
Debt to equity
2.38▼
2024 · 5.43
ROE
74.6%▼
2024 · 78.8%
Interest coverage
35.59▲
2024 · 22.54
Debt ≤ 1 year
€616,082▼
2024 · €896,595
Debt > 1 year
€476,975▼
2024 · €545,975
Income taxes
€113,878▲
2024 · €72,161
Staff costs
€359,280▲
2024 · €269,594
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,818 companies that looked in July 2024 the way this one looks now, 1.0% went bankrupt within 24 months and 95% are still going.
- Micro
- 20 years or older
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.0%
went bankrupt
3.7%
stopped otherwise
95%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 3,818 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Filed annual accounts
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €1,240 | €500 | ▼ 59.7% |
| Remuneration, social security and pensions62 | €102,113 | €102,998 | €175,093 | €269,594 | €359,280 | ▲ 33.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €39,368 | €43,954 | €109,709 | €123,665 | €119,439 | ▼ 3.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €0 | -€20,498 | €0 | - | €1,927 | - |
| Other operating charges640/8 | €8,903 | €28,486 | €4,911 | €10,763 | €3,521 | ▼ 67.3% |
| Non-recurring operating charges66A | - | - | - | - | €2,758 | - |
| Gross operating margin9900 | €529,048 | €335,256 | €485,842 | €703,663 | €959,720 | ▲ 36.4% |
| Operating profit (loss)9901 | €378,664 | €180,315 | €196,129 | €299,641 | €472,794 | ▲ 57.8% |
| Financial income75/76B | €2,646 | €2,285 | €911 | €1,137 | €49 | ▼ 95.7% |
| Recurring financial income75 | €2,646 | €2,124 | €911 | €1,137 | €49 | ▼ 95.7% |
| Non-recurring financial income76B | - | €161 | €0 | - | - | - |
| Financial charges65/66B | €3,204 | €5,635 | €19,341 | €18,777 | €16,641 | ▼ 11.4% |
| Recurring financial charges65 | €3,204 | €5,635 | €19,341 | €18,777 | €16,641 | ▼ 11.4% |
| Non-recurring financial charges66B | €0 | - | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €378,106 | €176,965 | €177,698 | €282,001 | €456,203 | ▲ 61.8% |
| Income taxes67/77 | €103,594 | €10,095 | €42,415 | €72,161 | €113,878 | ▲ 57.8% |
| Profit (loss) for the period9904 | €274,512 | €166,870 | €135,283 | €209,840 | €342,324 | ▲ 63.1% |
| Profit (loss) for the period to be appropriated9905 | €274,512 | €166,870 | €135,283 | €209,840 | €342,324 | ▲ 63.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €0.9m | €1.8m | €2.0m | €1.7m | €1.6m | ▼ 9.4% |
| Fixed assets21/28 | €0.1m | €0.7m | €1.3m | €0.7m | €0.7m | ▼ 3.0% |
| Intangible fixed assets21 | €0 | - | - | - | - | - |
| Tangible fixed assets22/27 | €0.1m | €0.7m | €0.9m | €0.7m | €0.7m | ▼ 3.0% |
| Plant, machinery and equipment23 | €0.05m | €0.2m | €0.3m | €0.2m | €0.2m | ▼ 13.5% |
| Furniture and vehicles24 | €0.05m | €0.08m | €0.2m | €0.1m | €0.1m | ▲ 26.5% |
| Other tangible fixed assets26 | €0.008m | €0.4m | €0.4m | €0.4m | €0.4m | ▼ 4.8% |
| Financial fixed assets28 | €0 | - | €0.4m | €0 | - | - |
| Current assets29/58 | €0.8m | €1.1m | €0.6m | €1.0m | €0.8m | ▼ 14.2% |
| Stocks and contracts in progress3 | €0.02m | €0.03m | €0.03m | €0.03m | €0.03m | ▲ 7.3% |
| Stocks30/36 | €0.02m | €0.03m | €0.03m | €0.03m | €0.03m | ▲ 7.3% |
| Amounts receivable within one year40/41 | €0.3m | €0.8m | €0.4m | €0.5m | €0.5m | ▼ 2.1% |
| Trade receivables40 | €0.3m | €0.4m | €0.4m | €0.5m | €0.4m | ▼ 28.2% |
| Other amounts receivable41 | €0.01m | €0.5m | €0.007m | €0.03m | €0.2m | ▲ 511% |
| Cash at bank and in hand54/58 | €0.5m | €0.2m | €0.2m | €0.4m | €0.3m | ▼ 30.9% |
| Deferred charges and accrued income490/1 | €0.008m | €0.004m | €0.009m | €0.008m | €0.009m | ▲ 1.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €0.9m | €1.8m | €2.0m | €1.7m | €1.6m | ▼ 9.4% |
| Equity10/15 | €0.6m | €0.8m | €0.5m | €0.3m | €0.5m | ▲ 72.2% |
| Contributions10/11 | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Capital10 | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Issued capital100 | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Outside capital11 | €0 | - | - | - | - | - |
| Other1109/19 | €0 | - | - | - | - | - |
| Reserves13 | €0.006m | €0.8m | €0.4m | €0.2m | €0.4m | ▲ 94.0% |
| Non-distributable reserves130/1 | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Legal reserve130 | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Reserves not available under the articles1311 | €0 | - | - | - | - | - |
| Distributable reserves133 | - | €0.7m | €0.4m | €0.2m | €0.4m | ▲ 97.0% |
| Profit (loss) carried forward14 | €0.6m | €2 | €285 | €126 | €450 | ▲ 258% |
| Amounts payable17/49 | €0.3m | €1.0m | €1.4m | €1.4m | €1.1m | ▼ 24.4% |
| Amounts payable after more than one year17 | - | €0.3m | €0.5m | €0.5m | €0.5m | ▼ 12.6% |
| Financial debts170/4 | - | €0.3m | €0.5m | €0.5m | €0.5m | ▼ 12.6% |
| Amounts payable within one year42/48 | €0.3m | €0.7m | €0.9m | €0.9m | €0.6m | ▼ 31.3% |
| Current portion of amounts payable after more than one year42 | €0 | €0.008m | €0.07m | €0.07m | €0.07m | = |
| Financial debts43 | €0 | - | €0.04m | €0 | - | - |
| Credit institutions430/8 | €0 | - | - | - | - | - |
| Other loans439 | - | - | €0.04m | €0 | - | - |
| Trade debts44 | €0.05m | €0.4m | €0.3m | €0.3m | €0.3m | ▼ 4.0% |
| Suppliers440/4 | €0.05m | €0.4m | €0.3m | €0.3m | €0.3m | ▼ 4.0% |
| Taxes, remuneration and social security45 | €0.2m | €0.1m | €0.04m | €0.04m | €0.08m | ▲ 74.3% |
| Taxes450/3 | €0.2m | €0.1m | €0.02m | €0.005m | €0.02m | ▲ 436% |
| Remuneration and social security454/9 | €0.007m | €0.02m | €0.03m | €0.04m | €0.05m | ▲ 31.5% |
| Other amounts payable47/48 | €0.02m | €0.2m | €0.5m | €0.5m | €0.2m | ▼ 64.6% |
| Accrued charges and deferred income492/3 | - | €0.005m | €0.001m | €0.003m | €227 | ▼ 92.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €274,512 | €166,870 | €135,283 | €209,840 | €342,324 | ▲ 63.1% |
| + Depreciation and write-downs630 | €39,368 | €43,954 | €109,709 | €123,665 | €119,439 | ▼ 3.4% |
| Operating cash flow (approximation) | €313,880 | €210,824 | €244,992 | €333,505 | €461,763 | ▲ 38.5% |
| Investment in fixed assets (approximation) | - | -€607,244 | -€757,869 | €462,312 | -€97,461 | ▼ 121% |
| Change in cash | - | -€262,240 | -€47,578 | €247,630 | -€129,258 | ▼ 152% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
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Of 757 companies in this sector we hold annual accounts for 555. 419 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Board & ownership
Parent VLEESWAREN DECORTE · 100%
Directors
Directors
No directors read yet: 0 of 5 Gazette acts processed. See the function holders in the CBE →
Structure & network
Owners and holdings
1 ownerChain of control
- VLEESWAREN DECORTE
- VLEESGROOTHANDEL DECORTE
Highest known parent: VLEESWAREN DECORTE. The sources do not say who stands above it.
Owners 1
- VLEESWAREN DECORTEparent100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No directors read yet: 0 of 5 Gazette acts processed.
Timeline
15 eventsLatest 08-06-2026Next filing 31-07-2027
History
Acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
08-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2018net €342,324 ▲63.1%
Operating result €472,794, net result €342,324, both a record.
07-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
10-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
25-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 25 days late
2022
27-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 88 days late
2021
31-12
Financial
Equity above €500,000Eq €649,332 ▲73.2%
2 profitable years in a row build equity to €649,332.
24-11
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 116 days late
2020
31-12
Financial
Back to profitnet €257,916
Net result €257,916 after one loss-making year.
31-12
Financial
Equity above €200,000Eq €374,820 ▲221%
Equity rises from €116,904 to €374,820.
20-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 112 days late
2019
31-12
Financial
Weakest financial yearnet -€36,414
Net result drops to -€36,414, the lowest in the series; recovery starts the following year.
Show earlier events
16-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 77 days late
2018
25-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 56 days late
2017
15-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 46 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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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Support & recognitions
1 register with a recognitionFASFC 1 site
FASFC
1
authorised site
Recognitions · licences · registrations
Food safety, FASFC
1 siteIchtegemunit no. 2.342.583.256
Company details
Public limited company · founded 20-12-2002Year ends 31-12Peppol reachable2 sites
Register details
Identification
Legal formPublic limited company
Founded20-12-2002
Fiscal year end31-12
Activities, NACEBEL 2025
46321Wholesale of meat and meat products, excluding game and poultry
E-invoicing
Reachable via Peppol
Peppol ID
0208:0479101905
Also
9925:BE0479101905
Registered
04-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Sites & property
Location & real-estate footprint
Registered office, Ichtegem · 2 establishment units since 2003
Ground area
6,318 m²
Building footprint
2,469 m²
Volume, LiDAR
6,312 m³
2 parcels, Flanders · tallest building 11.4 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
VLEESGROOTHANDEL DECORTE
since 2003unit no. 2.126.526.149
VLEESGROOTHANDEL DECORTE
since 2023unit no. 2.342.583.256
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35003C0320/00L000 | Flanders | 5,477 m² | 1 · 1,837 m² | 6.0 m |
| 35006B0106/00N000 | Flanders | 841 m² | 1 · 632 m² | 11.4 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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