DE WULF VLEESWAREN
ActiveDE WULF VLEESWAREN has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.76M and a net result of €435k. Equity is growing by ~10.4% per year across the filed fiscal years. Its solvency ranks better than 69% of 800 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
79
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability79▼-5
Solvency76▲+1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €210k at 30 days acceptable
Liquidity ample (current ratio 1.88 against 1.82 in 2024; short-term debt: 30.2% and cash: 13.5% of total assets), and 48.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 10
Relative position
BE, all sectors
reference
Sector 10
higher
← fewer bankruptcies
more bankruptcies →
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
51.2%
Return on assets
8.1%
Age of the figures
18 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 24-10-2025, 7 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
7 d early
2024
7 d late
2023
4 d early
2022
4 d early
2021
2 d early
2020
1 d early
2019
2 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close21-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€2.76M▲ 13.8%
2024 · €2.42M
2019: €1.50M
2020: €1.51M
2021: €2.01M
2022: €2.24M
2023: €1.92M
2024: €2.42M
2019 → 2025
Total assets
€5.38M▲ 11.8%
2024 · €4.81M
2019: €3.42M
2020: €3.50M
2021: €3.98M
2022: €5.47M
2023: €4.73M
2024: €4.81M
2019 → 2025
Net result
€435k▼ 27.3%
2024 · €598k
2019: €216k
2020: €191k
2021: €672k
2022: €383k
2023: €-320k
2024: €598k
2019 → 2025
Working capital
€1.42M▲ 15.7%
2024 · €1.23M
2019: €34k
2020: €178k
2021: €533k
2022: €1.17M
2023: €492k
2024: €1.23M
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€2.01M-€2.24M▲ 11.6%€1.92M▼ 14.3%€2.42M▲ 25.9%€2.76M▲ 13.8%
Operating result€904k-€467k▼ 48.3%€-282k€704k€616k▼ 12.5%
Net result€672k-€383k▼ 43.0%€-320k€598k€435k▼ 27.3%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 12% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5.38M
Fixed assets
€2.33M▲ 11.8%
Current assets
€3.05M▲ 11.8%
Equity and liabilities €5.38M
Equity
€2.76M▲ 13.8%
Debt
€2.62M▲ 9.8%
The debt ratio falls from 49.7% to 48.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€942k▼
2024 · €1.05M
Cash flow
€761k▼
2024 · €947k
Solvency
51.2%▲
2024 · 50.3%
Current ratio
1.88▲
2024 · 1.82
Quick ratio
1.33▲
2024 · 1.22
Debt / equity
0.95▼
2024 · 0.99
ROE
15.8%▼
2024 · 24.7%
ROA
8.1%▼
2024 · 12.4%
Interest coverage
19.37▲
2024 · 16.52
Debt
€2.62M▲
2024 · €2.39M
Debt ≤ 1 year
€1.62M▲
2024 · €1.50M
Debt > 1 year
€970k▲
2024 · €878k
Income taxes
€140k▲
2024 · €48k
Staff costs
€2.01M▼
2024 · €2.21M
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€4.81M€5.38M▲
Fixed assets21/28€2.09M€2.33M▲
Tangible fixed assets22/27€2.09M€2.33M▲
Land and buildings22€1.70M€1.58M▼
Plant, machinery and equipment23€356k€687k▲
Furniture and vehicles24€30k€61k▲
Financial fixed assets28-€3k
Current assets29/58€2.73M€3.05M▲
Stocks and contracts in progress3€900k€886k▼
Stocks30/36€900k€886k▼
Amounts receivable within one year40/41€1.37M€1.38M▲
Trade receivables40€929k€837k▼
Other amounts receivable41€442k€541k▲
Cash at bank and in hand54/58€413k€725k▲
Deferred charges and accrued income490/1€42k€58k▲
Equity and liabilities
Total equity and liabilities10/49€4.81M€5.38M▲
Equity10/15€2.42M€2.76M▲
Contributions10/11€150k€150k=
Capital10€150k€150k=
Issued capital100€150k€150k=
Reserves13€2.27M€2.61M▲
Non-distributable reserves130/1€15k€15k=
Legal reserve130€15k€15k=
Distributable reserves133€2.26M€2.59M▲
Amounts payable17/49€2.39M€2.62M▲
Amounts payable after more than one year17€878k€970k▲
Financial debts170/4€878k€970k▲
Amounts payable within one year42/48€1.50M€1.62M▲
Current portion of amounts payable after more than one year42€69k€116k▲
Financial debts43€150k-
Credit institutions430/8€150k-
Trade debts44€762k€955k▲
Suppliers440/4€762k€955k▲
Taxes, remuneration and social security45€414k€354k▼
Taxes450/3€39k€14k▼
Remuneration and social security454/9€375k€340k▼
Other amounts payable47/48€100k€200k▲
Accrued charges and deferred income492/3€17k€29k▲
Income statement
Code20242025
Non-recurring operating income76A-€7k
Remuneration, social security and pensions62€2.21M€2.01M▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€348k€326k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€3k-
Other operating charges640/8€44k€45k▲
Gross operating margin9900€3.31M€3.00M▼
Operating profit (loss)9901€704k€616k▼
Financial income75/76B€6k€7k▲
Recurring financial income75€6k€7k▲
Financial charges65/66B€64k€49k▼
Recurring financial charges65€64k€49k▼
Profit (loss) for the period before taxes9903€646k€575k▼
Income taxes67/77€48k€140k▲
Profit (loss) for the period9904€598k€435k▼
Profit (loss) for the period to be appropriated9905€598k€435k▼
Appropriation of the result
Profit (loss) to be appropriated9906€598k€435k▼
Transfer to equity691/2€498k€335k▼
To other reserves6921€498k€335k▼
Profit to be distributed694/7€100k€100k=
Return on contributions (dividend)694€100k€100k=
Social balance
Average headcount (FTE)908736.733.9▼
The notes to these accounts (19 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
24-10
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2024
07-11
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 7 days late
31-03
Financial
Back to profitnet €598k
Net result €598k after one loss-making year.
31-03
Financial
Equity above €2MEq €2.42M ▲25.9%
Equity rises from €1.92M to €2.42M.
2023
27-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
31-03
Financial
Weakest financial yearnet €-320k ▼184%
Net result drops to €-320k, the lowest in the series; recovery starts the following year.
2022
27-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2021
29-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
31-03
Financial
Highest result since 2019net €672k ▲251%
Operating result €904k, net result €672k, both a record.
31-03
Financial
Equity above €2MEq €2.01M ▲32.9%
3 profitable years in a row build equity to €2.01M.
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2019
29-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
30-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
16-10
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2016
05-10
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Gavere · 1 establishment unit since 1989
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Gentweg 769890 GavereGround area
9,266 m²
Building footprint
4,911 m²
Volume, LiDAR
25,060 m³
Parcel 44020A0797/00G000, Flanders · tallest building 8.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
De Wulf Vleeswaren
since 19892.045.750.685
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44020A0797/00G000 | Flanders | 9,266 m² | 1 · 4,911 m² | 8.4 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel 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
2022 to 2025 · 6 entries · 56,435 EUR awarded · 56,435 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 7,393 EUR | 7,393 EUR |
| 2024 | 1 | 11,445 EUR | 11,445 EUR |
| 2023 | 1 | 29,032 EUR | 29,032 EUR |
| 2022 | 2 | 8,565 EUR | 8,565 EUR |
Schemes
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
Vlaams opleidingsverlof (VOV)
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Food safety, FASFC
1 siteGavere2.045.750.685
Similar companies · same sector, comparable size
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BREYBEAU
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LEYCO
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Of 328 companies in sector 10130 we hold annual accounts for 232. 135 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded23-10-1989
Fiscal year end31-03
Activities, NACEBEL
10130Manufacture of food products
15131
Sources
Crossroads Bank for EnterprisesNational Bank · 35 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.