MEAT CONCEPT
ActiveSummary
The computed 12-month bankruptcy probability of MEAT CONCEPT is 4.3% (elevated). The 2024 annual accounts show equity of €33k and a net result of €24k. Equity is growing by ~164.3% per year across the filed fiscal years. Its solvency ranks better than 42% of 2090 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
49
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability71▼-1
Solvency48▲+18
Growth85▲+33
Track record94
Bankruptcy probability, 12 months
4.3%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days only on tighter terms
Liquidity short (current ratio 0.86 against 0.71 in 2023; short-term debt: 76.6% and cash: 30.3% of total assets), and 76.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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 10
Relative position
BE, all sectors
reference
Sector 10
higher
← fewer bankruptcies
more bankruptcies →
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
23.4%
Return on assets
17.3%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-09-2025, 58 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
58 d late
2023
29 d late
2022
22 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Turnover
€976k▲ 114%
2022 · €455k
2022: €455k
2022 → 2024
EBIT margin
2.5%▲ 1.5pp
2022 · 1.0%
2022: 1.0%
2022 → 2024
Net result
€24k▲ 542%
2023 · €4k
2022: €5k
2023: €4k
2022 → 2024
Working capital
€-16k▲ 66.2%
2023 · €-46k
2022: €-56k
2023: €-46k
2022 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202220232024Trend
Turnover€455k-€976k
Equity€5k-€9k▲ 79.6%€33k▲ 284%
Operating result€5k-€4k▼ 18.7%€24k▲ 530%
Net result€5k-€4k▼ 20.4%€24k▲ 542%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 530% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €140k
Fixed assets
€48k ▼ 11.1%
Current assets
€92k ▼ 19.2%
Equity and liabilities €140k
Equity
€33k ▲ 284%
Debt
€107k ▼ 32.7%
Debt's share of the balance-sheet total falls from 94.9% to 76.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€31k▲
2023 · €10k
Cash flow
€30k▲
2023 · €10k
Current ratio
0.86▲
2023 · 0.71
Quick ratio
0.61▲
2023 · 0.59
Debt to equity
3.28▼
2023 · 18.74
ROE
74.0%▲
2023 · 44.3%
ROA
17.3%▲
2023 · 2.2%
Interest coverage
248.27▲
2023 · 115.25
Debt ≤ 1 year
€107k▼
2023 · €159k
Staff costs
€38k▼
2023 · €53k
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 · 36 lines
Balance sheet
Code20232024
Assets
Total assets20/58€168k€140k▼
Formation expenses20€473€237▼
Fixed assets21/28€54k€48k▼
Intangible fixed assets21€54k€48k▼
Current assets29/58€113k€92k▼
Stocks and contracts in progress3€20k€26k▲
Stocks30/36€20k€26k▲
Amounts receivable within one year40/41€58k€23k▼
Trade receivables40€58k€23k▼
Cash at bank and in hand54/58€36k€42k▲
Equity and liabilities
Total equity and liabilities10/49€168k€140k▼
Equity10/15€9k€33k▲
Profit (loss) carried forward14€9k€33k▲
Amounts payable17/49€159k€107k▼
Amounts payable within one year42/48€159k€107k▼
Trade debts44€93k€85k▼
Suppliers440/4€93k€85k▼
Advances received on contracts in progress46€3k€1k▼
Taxes, remuneration and social security45€18k€21k▲
Taxes450/3€10k€11k▲
Remuneration and social security454/9€8k€11k▲
Other amounts payable47/48€46k-
Income statement
Code20232024
Turnover70-€976k
Goods, raw materials, services and sundry goods60/61-€907k
Remuneration, social security and pensions62€53k€38k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€6k=
Other operating charges640/8€2k-
Gross operating margin9900€65k€69k▲
Operating profit (loss)9901€4k€24k▲
Financial charges65/66B€88€123▲
Recurring financial charges65€88€123▲
Profit (loss) for the period before taxes9903€4k€24k▲
Profit (loss) for the period9904€4k€24k▲
Profit (loss) for the period to be appropriated9905€4k€24k▲
Appropriation of the result
Profit (loss) to be appropriated9906€9k€33k▲
Profit (loss) brought forward from the previous period14P€5k€9k▲
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
27-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 58 days late
2024
31-12
Financial
Highest result since 2022net €24k ▲542%
Operating result €24k, net result €24k, both a record.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
31-12
Financial
Weakest financial yearnet €4k ▼20.4%
Net result drops to €4k, the lowest in the series; recovery starts the following year.
22-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 22 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Brussel · 1 establishment unit since 2022
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.
Maria-Christinastraat 2091020 BrusselGround area
67 m²
Building footprint
65 m²
Volume, LiDAR
718 m³
Parcel 21815D0071/02T002, Brussels · tallest building 15.2 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
MEAT CONCEPT
since 20222.330.748.068
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21815D0071/02T002 | Brussels | 67 m² | 1 · 65 m² | 15.2 m · 4 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteBrussel2.330.748.068
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BE 0763.858.865
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Vleesverwerking Basol
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Of 328 companies in sector 10130 we hold annual accounts for 233. 85 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded14-04-2022
Fiscal year end31-12
Activities, NACEBEL 2025
10130Manufacture of food products
47221Retail sale of meat and meat products, excluding game and poultry
47271Retail trade
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.