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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Tight liquidity NBB
Cash and receivables cover 31 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
M+PIGS from Lochristi, company number BE0451592903, closed financial year 2025 with a result of € 34,264 after tax. For that financial year M+PIGS recorded a gross margin of € 1.2 million and equity of € 1.1 million. Compared with financial year 2024, the result moved from € 730,645 to € 34,264. The company is profitable. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on April 30, 2026.
€ 1.1 million
▲ 3% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 34,264
▼ 95% vs 2024
Profit after tax over the fiscal year.
€ 73,725
▼ 41% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 226,606.
People and assets in 2025
4
Average over the fiscal year, from the social balance sheet.
€ 230,939
▼ 1% vs 2024
€ 57,700 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.
€ 220,578
▲ € 217,908 vs 2024
Of which on lease € 215,557.
Debts at end 2025
€ 5.6 million
▲ 21% vs 2024
€ 891,722 is repaid this year. At this pace the long-term loan is gone in ≈ 6 years.
€ 767,239
▼ 12% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 30,467
▲ 3% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 54,242 | € 1,181,946 | € 1,445,767 | € 1,179,306 | ▼ 18% |
| Profit after taxes | € -1,164,584 | € 374,652 | € 730,645 | € 34,264 | ▼ 95% |
| Equity | € 122,045 | € 363,697 | € 1,094,342 | € 1,128,606 | ▲ 3% |
| Total debts | € 6,515,902 | € 6,273,494 | € 5,832,973 | € 6,556,273 | ▲ 12% |
| Cash | € 59,431 | € 136,150 | € 125,210 | € 73,725 | ▼ 41% |
| Land & buildings | € 2,881,761 | € 2,526,140 | € 2,640,602 | € 3,764,293 | ▲ 43% |
| Retained profit | € -779,955 | € -538,303 | € 192,342 | € 226,606 | ▲ 18% |
| Dividend | € 0 | € 133,000 | € 0 | € 0 | |
| Bank debt | € 5,640,902 | € 5,326,878 | € 4,657,659 | € 5,643,964 | ▲ 21% |
| Balance sheet total | € 6,637,948 | € 6,637,191 | € 6,927,315 | € 7,684,879 | ▲ 11% |
| Employees (FTE) | 4.8 | 4.2 | 4 | 4 |
Key figures of M+PIGS, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 April 2027.
What happened to M+PIGS?
What happened at M+PIGS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 34,264 (▼ 95% vs 2024). Source: NBB ↗
- New establishment in Lochristi. KBO
- Start of the company according to the CBE. KBO
In short
From € 1.2 million loss in 2022 to € 34,264 profit in 2025.
Paid € 11,942 in corporate taxes since 2022.
Best year ever: 2024, with € 730,645 profit.
On average € 294,800 of value added per employee in 2025.
Management
Behind M+PIGS is Bart Mouton. It owns 25.6% of M+ Meat itself.
Directors
According to the 2025 annual accounts
Establishments
Establishment units
Physical locations of this company
Smalle Heerweg 160
9080 Lochristi
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 6 companies are registered at this address.
All companies at this address →WALSCHLAND
€ 103,387 gross margin · 2025
MAXIME MOUTON CONSULT
€ 21,684 gross margin · 2025
OLIVIER MOUTON CONSULT
€ 20,537 gross margin · 2025
Axelle Mouton Consulting
€ 14,044 gross margin · 2026
DUROC D'OLIVES same network
€ 297,945 gross margin · 2025
+1 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0451.592.903
- VAT number
- BE 0451.592.903
- Registered office
- Smalle Heerweg 160, 9080 Lochristi
- Names & denominations
- M+PIGS
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 28 December 1993
- Peppol
- Active · Active since 21 Oct 2026
- Activities · NACE
Fokvarkenshouderijen
Fokvarkenshouderij
Gemengd bedrijf
Gemengd landbouwbedrijf