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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Negative equity NBB
More debt than assets in 3 of the last 4 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 21 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
M+ Meat from Langemark-Poelkapelle, company number BE0430497084, closed financial year 2025 with a result of € -242,947 after tax. For that financial year M+ Meat recorded a gross margin of € 81,699 and equity of € -325,698. Compared with financial year 2024, the result moved from € 23,425 to € -242,947. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on November 26, 2025.
€ -325,698
▼ € 242,947 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -242,947
▼ still € 23,425 profit in 2024
Profit after tax over the fiscal year.
€ 58,271
▲ 35% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -1.7 million.
People and assets in 2025
0.5
▼ 0.5 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 68,416
▼ 39% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
Debts at end 2025
€ 1.5 million
▼ 8% vs 2024
€ 92,461 is repaid this year. At this pace the long-term loan is gone in ≈ 12 years.
€ 566,121
▼ 42% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 20,051
▲ 100% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -179,094 | € -38,925 | € 368,270 | € 81,699 | ▼ 78% |
| Profit after taxes | € -531,583 | € -342,221 | € 23,425 | € -242,947 | ▼ € 266,372 |
| Equity | € 236,046 | € -106,175 | € -82,750 | € -325,698 | ▼ € 242,947 |
| Total debts | € 2,348,730 | € 2,732,524 | € 2,609,112 | € 2,096,209 | ▼ 20% |
| Cash | € 13,177 | € 18,474 | € 43,108 | € 58,271 | ▲ 35% |
| Land & buildings | € 1,472,854 | € 1,317,808 | € 1,185,459 | € 1,056,130 | ▼ 11% |
| Retained profit | € -1,129,404 | € -1,471,625 | € -1,448,200 | € -1,691,147 | ▼ € 242,947 |
| Bank debt | € 1,715,282 | € 1,920,246 | € 1,629,037 | € 1,494,409 | ▼ 8% |
| Balance sheet total | € 2,584,776 | € 2,626,349 | € 2,526,362 | € 1,770,512 | ▼ 30% |
| Employees (FTE) | 1 | 1 | 1 | 0.5 | ▼ 0.5 |
Key figures of M+ Meat, 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 October 2026.
What happened to M+ Meat?
What happened at M+ Meat in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 242,947 (▼ € 266,372 vs 2024). filed late Source: NBB ↗
- New establishment in Langemark-Poelkapelle. KBO
- Start of the company according to the CBE. KBO
In short
From € 531,583 loss in 2022 to € 242,947 loss in 2025.
Best year ever: 2024, with € 23,425 profit.
On average € 368,300 of value added per employee in 2024.
Management
The stake of WALSCHLAND, M+PIGS comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
M+ MeatBehind M+ Meat is Bénédicte Dobbels. The shares are held by WALSCHLAND (48%) and M+PIGS (25.6%).
Directors
According to the 2025 annual accounts
Shareholders
48%
25.6%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Waterstraat 4
8920 Langemark-Poelkapelle
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0430.497.084
- VAT number
- BE 0430.497.084
- Registered office
- Waterstraat 4, 8920 Langemark-Poelkapelle
- Names & denominations
- M+ Meat
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 12 February 1987
- Peppol
- Active · Active since 21 Oct 2026
- Activities · NACE
Fokvarkenshouderijen
Fokvarkenshouderij
Landschapsverzorging
Diensten in verband met de landbouw; aanleg en onderhoud van tuinen en parken