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Checked.be
Complete company report
Generated 16-08-2026
Active BE 0835.436.749Private limited companyOpen bankruptcy

BACO-MEAT GROUP

· 15 yrs active
Conclusion Checked

A bankruptcy procedure is open for BACO-MEAT GROUP according to publications in the Belgian State Gazette. The file additionally contains 1 administrative flag. The 2023 annual accounts show equity of €123k and a net result of €22k.

Based on the State Gazette, CBE and 5 annual accounts.
Key figures
Equity €123k
Net result €22k
Staff (FTE) 16.3
Active 15 yrs
Financial profile 5 of 5 axes measured · computed by Checked
Health24Profitability90Solvency74Growth78Stability0
53 / 100

Mixed profile: strong on profitability, weaker on stability.

All 5 axes are computed from data Checked has read.

Health 24
Profitability 90
Solvency 74
Growth 78
Stability 0
Bankruptcy probability (12 mo) Checked model v1 · free

Bankruptcy opened

A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.

Risk Assessment rule-based
53 / 100
High riskRegister: open bankruptcy
This score counts publications in the Belgian State Gazette only. The KBO register additionally records legal situation 050 for this company; it does not feed the figure above.
Components
· Open bankruptcy (+50)
· 1 administrative flag (+3)
Trust signals 2 signals
Register: open bankruptcy
The KBO register records legal situation 050 for this company. This is today's state according to the register itself; the register carries no start date.
Open bankruptcy
Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.
Administrative Flags1 events
Address struck
Health barometer FY 2023 · computed
24 / 100 Critical
050100
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →
Computed by Checked from the NBB filing for FY 2023 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.
Financial overview10 NBB filings
Annual accounts filed on 18-12-2023 with the NBB · fiscal year 2023 · micro
€0€20k€40k€60kOperating result 2019: €6k€6kNet result 2019: €10k€10kOperating result 2020: €20k€20kNet result 2020: €23k€23kOperating result 2021: €33k€33kNet result 2021: €28k€28kOperating result 2022: €58k€58kNet result 2022: €36k€36kOperating result 2023: €39k€39kNet result 2023: €22k€22k20192020202120222023
Operating resultNet result
EBITDA
€45k
-29.5% 19-23
Net profit
€22k
-38.4% 19-23
Cash flow
€28k
-31.9% 19-23
Total assets
€316k
+12.7% 19-23
Equity
€123k
+21.8% 19-23
Working capital
€117k
+32.0% 19-23
Employees (FTE)
16
+7.2% 19-23
Staff costs
€558k
+1.5% 19-23
Show 10 other metrics
Income taxes
€14k
-29.8% 19-23
Debt
€193k
+7.6% 19-23
Debt ≤ 1y
€191k
+7.6% 19-23
Current ratio
1.61
+7.6% 19-23
Quick ratio
1.61
+7.6% 19-23
Solvency
39.1%
+8.1% 19-23
Debt / equity
1.56
-11.7% 19-23
ROE
17.9%
-49.5% 19-23
ROA
7.0%
-45.4% 19-23
Interest coverage
20.46
-48.7% 19-23
Figures by fiscal year
Fiscal year2023
Depositmicro
Revenue-
EBITDA€45k
Net profit€22k
Cash flow€28k
Staff costs€558k
Income taxes€14k
Dividends-
Total assets€316k
Equity€123k
Debt€193k
of which ≤ 1y€191k
of which > 1y-
Working capital€117k
Employees (FTE)16.3
Ratios (computed)
2023
Current ratio1.61
Quick ratio1.61
Working capital ratio37.1%
Solvency39.1%
Debt / equity1.56
Long-term debt ratio-
Interest coverage20.46
Gross margin-
Net margin-
ROA7.0%
ROE17.9%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2023
Full annual accounts (21 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2023
Balance sheet, Assets
TOTAL ASSETS 20/58€316k
Fixed assets 21/28€8k
Tangible fixed assets 22/27€8k
Current assets 29/58€308k
Amounts receivable within one year 40/41€296k
Cash & bank 54/58€12k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€316k
Equity 10/15€123k
Contributions / capital 10/11€12k
Reserves 13€106k
Accumulated profits (losses) 14€5k
Amounts payable 17/49€193k
Amounts payable within one year 42/48€191k
Trade debts payable within one year 44€19k
Income statement
Gross operating margin 9900€606k
Operating result 9901€39k
Financial charges 65€2k
Result before taxes 9903€36k
Income taxes 67/77€14k
Net result for the period 9904€22k
Result to be appropriated 9905€22k
This table shows the latest fiscal year. 4 prior years, with figures and ratios, belong to a paid plan. See plans →
Ratios computed by Checked.
Directors & mandates 4 directors
Current directors & mandates
  • Iliev Panko Krastev
    Director
    State Gazette act 24164277 (21-11-2024)
    Current
    29-10-2024 → present
  • Ahmeodv Hashim Ruzhdiev
    Director (executive)
    State Gazette act 24130206 (05-09-2024)
    Current
    15-05-2024 → present
Former directors (2)
  • Ahmedov Hashim
    Director
    State Gazette act 24164277 (21-11-2024)
    Former
    - → 29-10-2024
  • Zvezdolinov Manol
    Director (executive)
    State Gazette act 24130206 (05-09-2024)
    Former
    - → 15-05-2024
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.
Directors & mandates1 person
Role Name Tenure Source
Curator PATRICIA VANDENBERGE
BURGEMEESTER EDMOND RONSESTRAAT 4, 9820 05 MELSEN
 20-05-2025 → present Belgian State Gazette
Legal Structure
NACE primary -
Legal form Private limited company(610)
Incorporation12-04-2011
StatusActive
Postal code-
First BS signal 26-05-2025
Latest BS signal 26-05-2025
Establishment units 1 location
BACO-MEAT GROUP
Antwerpsesteenweg 911, 9041 GentVerwerking en conservering van vlees, exclusief vlees van gevogelte
since 20112.200.724.023
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (50%) Wallonia 1 (50%)
Parcel (capakey) Region Area Buildings Height / fl.
52034B0317/00D008indicative Wallonia 676 m² 1 · 160 m² 9.7 m · 1 fl.
44051B1156/00L000 Flanders 412 m² 1 · 71 m² 6.1 m · 2 fl.
Methodology
via registered seat: 1 · via establishment units: 1
1 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates 17 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2025
26-05-2025
Bankruptcy Opening
Ondernemingsrechtbank Gent, afdeling Gent · BACO-MEAT GROUP BV ANTWERPSESTEENWEG 911, 9041 OOSTAKKER · event 20-05-2025
11-04-2025
KBO administration Address struck
Rue de Varsovie 122 Die Sitzadresse Rue de Varsovie 122 6040 Charleroi · event 05-02-2025
2024
21-11-2024
State Gazette act Director changes
03-10-2024
State Gazette act Registered-office change
05-09-2024
State Gazette act Capital & shares
14-05-2024
State Gazette act Capital & shares
2023
18-12-2023
NBB filing Annual accounts filed
fiscal year 2023 · micro
2022
15-12-2022
NBB filing Annual accounts filed
fiscal year 2022 · micro
2021
13-12-2021
NBB filing Annual accounts filed
fiscal year 2021 · micro
2020
24-12-2020
NBB filing Annual accounts filed
fiscal year 2020 · micro
2019
27-12-2019
NBB filing Annual accounts filed
fiscal year 2019 · micro
2018
27-12-2018
NBB filing Annual accounts filed
fiscal year 2018 · micro
2017
14-12-2017
NBB filing Annual accounts filed
fiscal year 2017 · verkort
2016
28-12-2016
NBB filing Annual accounts filed
fiscal year 2016 · verkort
2015
10-12-2015
NBB filing Annual accounts filed
fiscal year 2015 · verkort
10-02-2015
NBB filing Annual accounts filed
fiscal year 2014 · verkort
Lifecycle & Insolvency Signals2 events
26-05-2025
Bankruptcy Opening
Date: 20-05-2025 · Ondernemingsrechtbank Gent, afdeling Gent · BACO-MEAT GROUP BV ANTWERPSESTEENWEG 911, 9041 OOSTAKKER · Publications in State Gazette ↗
Full insolvency chronology

The full chronology lists every recorded event with its date, the competent court and the appointed liquidator or administrator. It answers at which stage the proceedings stand and whether they are still running.

We hold 1 further earlier event in this file, covering 05-02-2025 to 20-05-2025.

Available in Kantoor S. See plans →
Time machine, BS events + macro context 2021, 2026
COVID lockdownEnergiecrisisECB hikes2021202220232024202520262025-04-11 · KBO administration · Address struck2025-05-26 · Bankruptcy · Opening
Macro context
2020-Q2/Q3 COVID lockdown
2022 energy crisis
2023-2024 ECB rate hikes
Legend
Bankruptcy
Interim / reorg
KBO event
Belgian State Gazette reading coverage 0 of 6 acts read

We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Belgisch Staatsblad, acts 4 acts
Capital history · 2
05-09-2024
Capital change
14-05-2024
Capital change
Address history · 1
03-10-2024
Registered-office move
All acts · 4 updated 1 year ago
2024
21-11-2024 1 director appointed, 1 resigning Director changes
  • Iliev Panko Krastev, Bestuurder
  • Ahmedov Hashim, Bestuurder
Technical details 
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      "reason": "de_plein_droit_dissolution",
      "subkind": "regular",
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      "effective_date": "2024-10-29",
      "evidence_quote": "De vergadering neemt kennis van het ontslag van Mr. Ahmedov Hashim als bestuurder en dit met ingang vanaf 29/10/2024",
      "decharge_status": "granted",
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    {
      "kind": "director_in",
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    {
      "kind": "decharge_granted",
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      "reason": null,
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      "evidence_quote": "Hem wordt kwijting verleend voor de duur van zijn mandaat.",
      "decharge_status": "granted",
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    {
      "kind": "substantive_delegation",
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    {
      "kind": "substantive_delegation",
      "role": "bestuurder",
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  "notary": {
    "name": null,
    "firm_city": null,
    "firm_name": null,
    "office_city": null,
    "is_associated": false
  },
  "act_meta": {
    "language": "nl",
    "pub_date": null,
    "filing_date": "2024-11-07",
    "act_kind_objet": "Onderwerp akte:"
  },
  "decisions": [
    {
      "body": "bijzondere_algemene_vergadering",
      "date": "2024-10-29",
      "unanimous": true
    }
  ],
  "is_correction": false,
  "subject_company": {
    "kbo": "0835.436.749",
    "name_full": "BACO-MEAT GROUP",
    "legal_form": "BV"
  },
  "publication_proxy": {
    "kind": "none",
    "org_kbo": null,
    "org_name": null,
    "person_name": null,
    "org_rep_person_name": null,
    "person_role_at_subject": null
  },
  "co_filed_documents": [],
  "corrected_publication_numac": null
}
03-10-2024 Registered office moved from Mariakerke to Oostakker Registered-office change
  • Rooiegemlaan 585, 9030 Mariakerke → Antwerpsesteenweg 911, 9041 Oostakker
Technical details 
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      "seat_type": "siege_social",
      "new_address": {
        "raw": "Antwerpsesteenweg 911, 9041 Oostakker",
        "city": "Oostakker",
        "region": "vlaams_gewest",
        "street": "Antwerpsesteenweg",
        "country": "BE",
        "postcode": "9041",
        "box_number": null,
        "street_number": "911",
        "locality_suffix": null
      },
      "old_address": {
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        "region": "vlaams_gewest",
        "street": "Rooiegemlaan",
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      "old_address_source": "header_volledig_adres",
      "statute_clause_text": null,
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    }
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  },
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  },
  "publication_proxy": {
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    "org_name": null,
    "person_name": "Hashim Ahmedov",
    "org_rep_person_name": null,
    "person_role_at_subject": null
  },
  "co_filed_documents": []
}
05-09-2024 All shares are now held by a single shareholder Capital & shares
Technical details 
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    },
    {
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      ],
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    "language": "nl",
    "pub_date": "2024-09-05",
    "filing_date": "2024-08-27",
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  },
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    "act_date": null,
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  },
  "bedrijfsrevisor": null,
  "subject_company": {
    "kbo": "0835.436.749",
    "name_full": "BACO-MEAT GROUP",
    "legal_form": "B.V.",
    "is_foreign_registered": false
  },
  "publication_proxy": {
    "kind": "none",
    "org_kbo": null,
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  },
  "co_filed_documents": [],
  "shareholders_after": [],
  "share_classes_after": []
}
14-05-2024 Transaction in capital or shares Capital & shares
Technical details 
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      "subscribers": [
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        }
      ],
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      "statutory_unavailable_equity_op": null
    }
  ],
  "notary": {
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    "firm_name": null,
    "office_city": "Gent",
    "is_associated": false
  },
  "act_meta": {
    "language": "nl",
    "pub_date": null,
    "filing_date": "2024-05-02",
    "act_kind_objet": "Onderwerp akte:"
  },
  "decision": {
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    "act_date": "2024-05-02",
    "unanimous": null,
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  },
  "bedrijfsrevisor": null,
  "subject_company": {
    "kbo": "0835.436.749",
    "name_full": "BACO-MEAT GROUP",
    "legal_form": "B.V.",
    "is_foreign_registered": false
  },
  "publication_proxy": {
    "kind": "none",
    "org_kbo": null,
    "org_name": null,
    "person_name": null,
    "org_rep_person_name": null,
    "person_role_at_subject": null
  },
  "co_filed_documents": [],
  "shareholders_after": [
    {
      "kbo": null,
      "pct": 100.0,
      "kind": "person",
      "name": "Zvezdolinov Manol",
      "role": "aandeelhouder",
      "n_shares": 100,
      "share_class": null
    }
  ],
  "share_classes_after": []
}
Credit advice verdict per customer and amount

May this customer buy amount X on invoice? Enter the amount and the payment term. This page computes a GREEN, AMBER or RED verdict from them, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
Company registry (CBE) Crossroads Bank
Names & trade names
Legal nameNL BACO-MEAT GROUP
Registration history
  1. 05-02-2025 Address struck
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative