Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Late annual account NBB
Fiscal year 2023 was filed 498 days after the legal deadline.
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Annual account missing NBB
Fiscal year 2024 was expected before 31 July 2025 and has not been filed.
Financials
Financial year 2023
Vleeswaren De Keyser from Aalter, company number BE0413958584, closed financial year 2023 with a result of € 5.9 million after tax. For that financial year Vleeswaren De Keyser recorded revenue of € 194.5 million and equity of € 26.7 million. Compared with financial year 2022, the result moved from € 5.7 million to € 5.9 million. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on December 11, 2025.
€ 26.7 million
▲ 28% vs 2022
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 5.9 million
▲ 3% vs 2022
Profit after tax over the fiscal year.
€ 8.5 million
▲ 65% vs 2022
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2023. Retained profit grew to € 25.5 million.
People and assets in 2023
183.4
▼ 13.2 vs 2022
Average over the fiscal year, from the social balance sheet.
€ 11.6 million
▲ 2% vs 2022
€ 63,200 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 1.2 million
▼ 5% vs 2022
Of which on lease € 47,123.
Debts at end 2023
€ 61,936
▼ € 14.9 million vs 2022
€ 60,103 is repaid this year. At this pace the long-term loan is gone in ≈ 1 years.
€ 26.1 million
▼ 6% vs 2022
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 55 days on average.
€ 2.1 million
▲ 17% vs 2022
Taxes, VAT and social contributions still to pay.
| 2020 | 2022 | 2023 | Change 2022 → 2023 | |
|---|---|---|---|---|
| Revenue | € 111,625,744 | € 173,559,729 | € 194,484,533 | ▲ 12% |
| Profit after taxes | € 3,590,989 | € 5,714,052 | € 5,872,302 | ▲ 3% |
| Equity | € 14,522,248 | € 20,854,095 | € 26,726,397 | ▲ 28% |
| Total debts | € 38,156,524 | € 45,797,874 | € 67,130,214 | ▲ 47% |
| Cash | € 1,281,921 | € 5,123,340 | € 8,476,888 | ▲ 65% |
| Land & buildings | € 2,218,248 | € 2,365,259 | € 2,690,906 | ▲ 14% |
| Retained profit | € 13,254,770 | € 19,604,095 | € 25,476,397 | ▲ 30% |
| Dividend | € 1,670,000 | € 0 | € 0 | |
| Bank debt | € 18,603,414 | € 14,980,910 | € 61,936 | ▼ € 14.9 million |
| Balance sheet total | € 52,774,606 | € 66,651,969 | € 93,856,611 | ▲ 41% |
| Employees (FTE) | 155.8 | 196.6 | 183.4 | ▼ 13.2 |
Key figures of Vleeswaren De Keyser, fiscal years 2020 to 2023, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2024 has not been filed yet; it was expected before 31 July 2025.
What happened to Vleeswaren De Keyser?
What happened at Vleeswaren De Keyser in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2023: profit of € 5.9 million (▲ 3% vs 2022). filed late Source: NBB ↗
- Pauwels Jo stepped down as director. NBB
- Paul De Cock stepped down as director. NBB
- Quality Belgian Meat Processors NV stepped down as director. NBB
- Remic NV stepped down as director. NBB
- Quality Belgian Meat Processors NV became a director. NBB
- New establishment in Aalter. KBO
- Pauwels Jo became a director. NBB
In short
From € 3.6 million profit in 2020 to € 5.9 million profit in 2023.
Paid € 2.5 million in corporate taxes since 2020.
Best year ever: 2023, with € 5.9 million profit.
Paid out € 1.7 million in dividends to the owners in total.
Management
The stake of REMIC comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
Vleeswaren De KeyserThe shares are held by REMIC (100%). It owns 100% of Schepers Vleesbedrijf, 100% of Salaisons des Ardennes, 100% of Vleeswarenfabriek Brackenier LBC, 100% of Girasole, 100% of Marco-Beth and 100% of Lammens-Edno Vleeswaren itself.
Directors
According to the 2023 annual accounts
Pauwels Jo
Director
since 2021 · until 2025
since 2021 · until 2023
Paul De Cock
Director
Also active at: MARCO - BETH, DELITAS, REMIC, Salaisons des Ardennes, Vandecc, LAMMENS-EDNO VLEESWAREN
since 2021 · until 2025
Quality Belgian Meat Processors NV
Director · represented by Remko Rosman
since 2023 · until 2025
Shareholders
100%
Participations
100%
100%
100%
Establishments
Establishment units
Physical locations of this company
Groendreef 41
9880 Aalter
Rozestraat 25
9910 Aalter
Active since 1 January 1974
Hoogserleistraat 3
8700 Tielt
Active since 12 August 2019
Industrieweg 15
2630 Aartselaar
Active since 1 October 2020
Durmelaan 30
9880 Aalter
Active since 1 February 2023
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
- 0413.958.584
- VAT number
- BE 0413.958.584
- Registered office
- Groendreef 41, 9880 Aalter
- Names & denominations
- Vleeswaren De Keyser
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 1 January 1974
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Vervaardiging van producten van vlees of van vlees van gevogelte
Vervaardiging van verse vleeswaren en van vleesconserven
Groothandel in vlees en vleeswaren, exclusief vlees van gevogelte en van wild
Groothandel in vlees en vleesproducten, uitgezonderd vlees van wild en van gevogelte