2 BAKE
ActiveSummary
The computed 12-month bankruptcy probability of 2 BAKE is 1.7% (moderate). The 2024 annual accounts show equity of €238,915 and a net result of €97,008. Equity is growing by ~51.2% per year across the filed fiscal years. Its solvency ranks better than 32% of 6133 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability83▲+2
Solvency52▼-3
Growth78=
Track record100
Bankruptcy probability, 12 months
1.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €13,000 at 30 days acceptable
Liquidity tight (current ratio 1.35 against 1.39 in 2023; short-term debt: 72% and cash: 21.5% of total assets), and 72.8% of the assets are financed with debt.
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Signals
Four 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 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-08-2025, 27 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 · 4 filingsDeviation from the deadline
2025
not confirmed
2024
27 d late
2023
29 d late
2022
16 d late
2021
30 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 26 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€97,008▲ 67.6%
2023 · €57,876
Working capital
€220,003▲ 46.3%
2023 · €150,401
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2021202220232024
Operating result€8,483-€138,423▲ 1,532%€85,003▼ 38.6%€148,527▲ 74.7%
Net result€1,303within the sector's middle half-€109,139above the sector's middle half▲ 8,275%€57,876above the sector's middle half▼ 47.0%€97,008within the sector's middle half▲ 67.6%
Equity€4,303below the sector's middle half-€113,443within the sector's middle half▲ 2,536%€171,319above the sector's middle half▲ 51.0%€238,915below the sector's middle half▲ 39.5%
Total assets€83,124within the sector's middle half-€342,371within the sector's middle half▲ 312%€572,722above the sector's middle half▲ 67.3%€879,417below the sector's middle half▲ 53.6%
Debt€78,820-€228,928▲ 190%€401,403▲ 75.3%€640,501▲ 59.6%
Working capital-€11,928below the sector's middle half-€95,323within the sector's middle half€150,401above the sector's middle half▲ 57.8%€220,003within the sector's middle half▲ 46.3%
Solvency5.2%below the sector's middle half-33.1%within the sector's middle half▲ 28.0pp29.9%within the sector's middle half▼ 3.2pp27.2%within the sector's middle half▼ 2.7pp
Current ratio0.67below the sector's middle half-1.48within the sector's middle half▲ 0.821.39within the sector's middle half▼ 0.091.35within the sector's middle half▼ 0.04
Return on assets (ROA)1.6%within the sector's middle half-31.9%above the sector's middle half▲ 30.3pp10.1%within the sector's middle half▼ 21.8pp11.0%above the sector's middle half▲ 0.9pp
Staff (FTE)1.21below the sector's middle half▼ 16.7%
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 75% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €879,417
Fixed assets
€26,588 ▼ 30.7%
Current assets
€852,829 ▲ 59.6%
Equity and liabilities €879,417
Equity
€238,915 ▲ 39.5%
Debt
€640,501 ▲ 59.6%
Debt's share of the balance-sheet total rises from 70.1% to 72.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€161,846▲
2023 · €98,228
Cash flow
€110,327▲
2023 · €71,102
Quick ratio
1.03▲
2023 · 0.74
Debt to equity
2.68▲
2023 · 2.34
ROE
40.6%▲
2023 · 33.8%
Interest coverage
15.99▲
2023 · 12.25
Debt ≤ 1 year
€632,826▲
2023 · €383,940
Debt > 1 year
€7,190▼
2023 · €17,218
Income taxes
€42,141▲
2023 · €19,983
Staff costs
€64,184▲
2023 · €23,656
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,706 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 96% are still going.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.7%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.7% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 6,706 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €23,656 | €64,184 | ▲ 171% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,133 | €13,136 | €13,225 | €13,319 | ▲ 0.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €6,215 | - | €11,536 | - |
| Other operating charges640/8 | €3,869 | €3,252 | €7,155 | €8,189 | ▲ 14.5% |
| Gross operating margin9900 | €16,485 | €161,026 | €129,039 | €245,754 | ▲ 90.4% |
| Operating profit (loss)9901 | €8,483 | €138,423 | €85,003 | €148,527 | ▲ 74.7% |
| Financial income75/76B | €128 | €8,424 | €873 | €747 | ▼ 14.4% |
| Recurring financial income75 | €128 | €8,424 | €873 | €747 | ▼ 14.4% |
| Financial charges65/66B | €2,977 | €5,977 | €8,016 | €10,125 | ▲ 26.3% |
| Recurring financial charges65 | €2,977 | €5,977 | €8,016 | €10,125 | ▲ 26.3% |
| Profit (loss) for the period before taxes9903 | €5,635 | €140,871 | €77,860 | €139,149 | ▲ 78.7% |
| Income taxes67/77 | €4,332 | €31,731 | €19,983 | €42,141 | ▲ 111% |
| Profit (loss) for the period9904 | €1,303 | €109,139 | €57,876 | €97,008 | ▲ 67.6% |
| Profit (loss) for the period to be appropriated9905 | €1,303 | €109,139 | €57,876 | €97,008 | ▲ 67.6% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €83,124 | €342,371 | €572,722 | €879,417 | ▲ 53.6% |
| Fixed assets21/28 | €59,397 | €48,658 | €38,381 | €26,588 | ▼ 30.7% |
| Tangible fixed assets22/27 | €59,397 | €48,658 | €38,381 | €26,588 | ▼ 30.7% |
| Plant, machinery and equipment23 | - | - | €1,008 | €787 | ▼ 21.9% |
| Furniture and vehicles24 | €1,323 | €568 | €476 | €1,570 | ▲ 230% |
| Leasing and similar rights25 | €27,413 | €44,302 | €32,449 | €20,596 | ▼ 36.5% |
| Other tangible fixed assets26 | €1,918 | €3,787 | €4,448 | €3,634 | ▼ 18.3% |
| Assets under construction and advance payments27 | €28,742 | - | - | - | - |
| Current assets29/58 | €23,727 | €293,713 | €534,341 | €852,829 | ▲ 59.6% |
| Amounts receivable after more than one year29 | - | €11,876 | €21,871 | €22,309 | ▲ 2.0% |
| Trade receivables290 | - | €11,876 | €21,871 | €22,309 | ▲ 2.0% |
| Stocks and contracts in progress3 | - | - | €250,569 | €201,004 | ▼ 19.8% |
| Stocks30/36 | - | - | €104,048 | €105,360 | ▲ 1.3% |
| Contracts in progress37 | - | - | €146,521 | €95,643 | ▼ 34.7% |
| Amounts receivable within one year40/41 | €22,134 | €177,494 | €173,915 | €434,976 | ▲ 150% |
| Trade receivables40 | €20,152 | €177,494 | €173,915 | €433,569 | ▲ 149% |
| Other amounts receivable41 | €1,982 | - | - | €1,407 | - |
| Cash at bank and in hand54/58 | €727 | €100,995 | €83,423 | €189,171 | ▲ 127% |
| Deferred charges and accrued income490/1 | €866 | €3,348 | €4,564 | €5,368 | ▲ 17.6% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €83,124 | €342,371 | €572,722 | €879,417 | ▲ 53.6% |
| Equity10/15 | €4,303 | €113,443 | €171,319 | €238,915 | ▲ 39.5% |
| Contributions10/11 | €3,000 | €3,000 | €3,000 | €3,000 | = |
| Profit (loss) carried forward14 | €1,303 | €110,443 | €168,319 | €235,915 | ▲ 40.2% |
| Amounts payable17/49 | €78,820 | €228,928 | €401,403 | €640,501 | ▲ 59.6% |
| Amounts payable after more than one year17 | €42,799 | €30,538 | €17,218 | €7,190 | ▼ 58.2% |
| Financial debts170/4 | €42,799 | €30,538 | €17,218 | €7,190 | ▼ 58.2% |
| Amounts payable within one year42/48 | €35,655 | €198,390 | €383,940 | €632,826 | ▲ 64.8% |
| Current portion of amounts payable after more than one year42 | €9,564 | €12,261 | €13,320 | €10,027 | ▼ 24.7% |
| Trade debts44 | €9,884 | €101,511 | €270,323 | €395,339 | ▲ 46.2% |
| Suppliers440/4 | €9,884 | €101,511 | €270,323 | €395,339 | ▲ 46.2% |
| Taxes, remuneration and social security45 | €16,208 | €84,618 | €99,977 | €201,980 | ▲ 102% |
| Taxes450/3 | €14,087 | €83,118 | €95,085 | €196,533 | ▲ 107% |
| Remuneration and social security454/9 | €2,121 | €1,500 | €4,892 | €5,446 | ▲ 11.3% |
| Other amounts payable47/48 | - | - | €320 | €25,480 | ▲ 7,863% |
| Accrued charges and deferred income492/3 | €366 | - | €245 | €485 | ▲ 97.9% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,303 | €109,139 | €57,876 | €97,008 | ▲ 67.6% |
| + Depreciation and write-downs630 | €4,133 | €13,136 | €13,225 | €13,319 | ▲ 0.7% |
| Operating cash flow (approximation) | €5,436 | €122,275 | €71,102 | €110,327 | ▲ 55.2% |
| Investment in fixed assets (approximation) | - | -€2,397 | -€2,948 | -€1,526 | ▲ 48.2% |
| Change in cash | - | €100,268 | -€17,572 | €105,749 | ▲ 702% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 27 days late
2024
31-12
Financial
Equity above €200,000Eq €238,915 ▲39.5%
4 profitable years in a row build equity to €238,915.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
31-12
Financial
Equity above €150,000Eq €171,319 ▲51%
3 profitable years in a row build equity to €171,319.
16-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 16 days late
2022
31-12
Financial
Highest result since 2021net €109,139 ▲8,275%
Net result €109,139, the highest in the series.
31-12
Financial
Liquidity doublescurrent ratio 1.48
Current ratio from 0.67 to 1.48.
31-12
Financial
Equity above €100,000Eq €113,443 ▲2,536%
2 profitable years in a row build equity to €113,443.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Les Bons Villers · 1 establishment unit since 2020
Ground area
1,468 m²
Building footprint
113 m²
Parcel 52024A0634/00F000, Wallonia. Linked by address, not a title deed.
1 establishment unit
2 BAKE
since 20202.308.136.279
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52024A0634/00F000 | Wallonia | 1,468 m² | 1 · 113 m² | - |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 2,503 companies in sector 46649 we hold annual accounts for 1,762. 1,305 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded24-09-2020
Fiscal year end31-12
Activities, NACEBEL 2025
46649Wholesale of other machinery and equipment
E-invoicing
Reachable via Peppol
Peppol ID
0208:0754817178
Registered
18-11-2025
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.