Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
Financials
Financial year 2025
Protein Works from Waregem, company number BE0412944440, closed financial year 2025 with a result of € -1,538 after tax. For that financial year Protein Works recorded a gross margin of € -1,010 and equity of € 39,207. Compared with financial year 2024, the result moved from € -324 to € -1,538. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on March 18, 2026.
€ 39,207
▼ 4% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -1,538
▼ 375 % more loss than in 2024
Profit after tax over the fiscal year.
€ 39,403
▲ € 38,105 vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 8,207.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 197
▲ 56% vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -649 | € -902 | € -630 | € -1,010 | ▼ € 380 |
| Profit after taxes | € 232 | € -64 | € -324 | € -1,538 | ▼ € 1,214 |
| Equity | € 91,133 | € 41,069 | € 40,745 | € 39,207 | ▼ 4% |
| Total debts | € 64 | € 50,000 | € 126 | € 197 | ▲ 56% |
| Cash | € 1,298 | € 1,298 | € 1,298 | € 39,403 | ▲ € 38,105 |
| Retained profit | € 60,133 | € 10,069 | € 9,745 | € 8,207 | ▼ 16% |
| Dividend | € 0 | € 50,000 | € 0 | € 0 | |
| Balance sheet total | € 91,196 | € 91,069 | € 40,871 | € 39,403 | ▼ 4% |
Key figures of Protein Works, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to Protein Works?
What happened at Protein Works in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 1,538. Source: NBB ↗
- Sincfal bv became a director. NBB
- All Meat bv became a director. NBB
- New establishment in Waregem. KBO
- Start of the company according to the CBE. KBO
In short
From € 232 profit in 2022 to € 1,538 loss in 2025.
Best year ever: 2022, with € 232 profit.
Paid out € 50,000 in dividends to the owners in total.
Management
The stake of Beleggings- en Investeringsmaatschappij Agem, ALL MEAT comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
Protein WorksBehind Protein Works are Sincfal bv and All Meat bv. The shares are held by Beleggings- en Investeringsmaatschappij Agem (100%) and ALL MEAT (40%).
Directors
According to the 2025 annual accounts
Director · represented by Vaast Vanoverschelde
Also active at: STAM AGRO, Empro Europe, DAMAGRO
since 2026
Director · represented by Iris Vandaele
Also active at: VANDAELE & CO, VLEESMARKT - CHICKEN EXPRESS, MID-INVEST, Kipco - Damaco, Damaco Foods Belgium
since 2026
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Goelevenweg 14
8790 Waregem
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 4 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0412.944.440
- VAT number
- BE 0412.944.440
- Registered office
- Goelevenweg 14, 8790 Waregem
- Names & denominations
- Protein Works
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 19 January 1973
- Peppol
- Active · Active since 7 Apr 2026
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