2020

Active

Private limited companyfounded 20206 yrs activePastoor Verwilghenplein(HSD) 8, 9120 Beveren-Kruibeke-Zwijndrecht, BelgiumKBO/BCE: BE 0746.821.509

Summary

The computed 12-month bankruptcy probability of 2020 is 1.6% (moderate). The 2025 annual accounts show equity of €38,936 and a net result of €6,878. Equity is growing by ~10.1% per year across the filed fiscal years. Its solvency ranks better than 65% of 18716 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.

Risk analysis Watch Report Compare

2020ActiveChecked score 62/100

Risk analysis Report Compare

Checked score

Score 2025

62 / 100

Healthy

Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability71▲+18

Solvency76▲+14

Growth52▲+20

Track record100

Bankruptcy probability, 12 months

1.6% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €2,000 at 30 days acceptable

Liquidity ample (current ratio 1.86 against 1.51 in 2024; short-term debt: 44.9% and cash: 10% of total assets), and 48.5% of the assets are financed with debt.

Credit check for your own amount and term

Show the recommended maximum : and see how the verdict changes with amount, term and advance.

Signals

Four signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 47

Relative position

BE, all sectors

reference

Retail trade (NACE 47)

about 45% more bankruptcies

← fewer bankruptcies more bankruptcies →

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

51.5%

Return on assets

9.1%

Age of the figures

9 mo

Filed after the deadline

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 5 filings

Deviation from the deadline

2025

31 d late

2024

31 d late

2023

29 d late

2022

31 d late

2021

29 d late

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

This company filed its last 5 accounts on average 30 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.

Checked, nothing found (2)

The next deadline is still running

The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 31 August (5 of the last 5 filed years within 30 days of that day).

Companies Code · seven months

Position in the running window

30-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

History

On 11 May 2020, 2020 was incorporated as a Private limited company.¹ Caroline De Maeyer has served as non-statutory director of the company since 2026.² Total assets went from EUR 108,807 in 2021 to EUR 75,636 in 2025.³

Go further with this company

How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed

Your own company? See how customers, suppliers and banks see it and what to improve first.

Investigating this company? Keep it with today's facts in a case file.

Financials · fiscal year 2025, micro schema

Equity

€38,936▲ 21.5%

2024 · €32,058

Total assets

€75,636▼ 11.9%

2024 · €85,884

Net result

€6,878▲ 138%

2024 · €2,884

Working capital

€29,237▲ 25.6%

2024 · €23,279

Trend over the years

Chart Table

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail 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

Line20212022202320242025

Operating result€36,236--€9,607€10,601€9,148▼ 13.7%€14,209▲ 55.3%

Net result€18,799--€13,951€4,326€2,884▼ 33.3%€6,878▲ 138%

Equity€38,799-€24,848▼ 36.0%€29,174▲ 17.4%€32,058▲ 9.9%€38,936▲ 21.5%

Total assets€108,807-€105,659▼ 2.9%€100,417▼ 5.0%€85,884▼ 14.5%€75,636▼ 11.9%

Debt€70,008-€80,811▲ 15.4%€71,243▼ 11.8%€53,826▼ 24.4%€36,700▼ 31.8%

Working capital€44,173-€22,700▼ 48.6%€22,518▼ 0.8%€23,279▲ 3.4%€29,237▲ 25.6%

Solvency35.7%-23.5%▼ 12.1pp29.1%▲ 5.5pp37.3%▲ 8.3pp51.5%▲ 14.2pp

Current ratio2.00-1.39▼ 0.601.40▲ 0.011.51▲ 0.111.86▲ 0.35

Return on assets (ROA)17.3%--13.2%▼ 30.5pp4.3%▲ 17.5pp3.4%▼ 0.9pp9.1%▲ 5.7pp

above within below the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result recovers in 2025; 2025 is 55% above 2024.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €75,636

16.5%

83.5%

Fixed assets €12,445 ▼ 26.3%

Current assets €63,191 ▼ 8.4%

Equity and liabilities €75,636

51.5%

48.5%

Equity €38,936 ▲ 21.5%

Debt €36,700 ▼ 31.8%

Debt's share of the balance-sheet total falls from 62.7% to 48.5%. Equity is higher and debt is lower.

Key figures and ratios

2025 value · change against 2024

EBITDA

€18,873▲

2024 · €14,086

Cash flow

€11,541▲

2024 · €7,822

Quick ratio

0.54▲

2024 · 0.53

Debt to equity

0.94▼

2024 · 1.68

ROE

17.7%▲

2024 · 9.0%

Interest coverage

4.88▲

2024 · 3.56

Debt ≤ 1 year

€33,955▼

2024 · €45,709

Debt > 1 year

€2,746▼

2024 · €8,117

Income taxes

€3,467▲

2024 · €2,307

Staff costs

€0▼

2024 · €348

Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 26,975 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 95% are still going.

Micro
5 to 10 years old
solvency 30% or more
a profit of 5% of the balance sheet or more

1.6% went bankrupt

3.4% stopped otherwise

95% still going

A further 0.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 1.6% 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 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
Group	Expected	Actual
1	0.2%	0.2%
2	0.3%	0.5%
3	0.5%	0.6%
4	0.7%	0.8%
5	0.9%	1.0%
6	1.3%	1.5%
7	1.6%	1.8%
8	1.8%	1.8%
9	3.0%	3.1%
10	5.6%	6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 26,975 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

OverviewIncome statement Balance sheet Cash flow

Filed annual accounts As filed with the NBB · 2025 against 2024 · 52 lines

Balance sheet Code20242025

Assets

Total assets20/58€85,884€75,636▼

Fixed assets21/28€16,896€12,445▼

Tangible fixed assets22/27€16,396€11,945▼

Plant, machinery and equipment23€11,816€9,644▼

Furniture and vehicles24€4,028€2,300▼

Leasing and similar rights25€552€0▼

Financial fixed assets28€500€500=

Current assets29/58€68,988€63,191▼

Stocks and contracts in progress3€44,974€44,974=

Stocks30/36€44,974€44,974=

Amounts receivable within one year40/41€19,994€10,624▼

Trade receivables40€9,604€2,405▼

Other amounts receivable41€10,390€8,219▼

Cash at bank and in hand54/58€3,606€7,593▲

Deferred charges and accrued income490/1€414€0▼

Equity and liabilities

Total equity and liabilities10/49€85,884€75,636▼

Equity10/15€32,058€38,936▲

Contributions10/11€20,000€20,000=

Reserves13€18,799€18,936▲

Distributable reserves133€18,799€18,936▲

Profit (loss) carried forward14-€6,741€0▲

Amounts payable17/49€53,826€36,700▼

Amounts payable after more than one year17€8,117€2,746▼

Financial debts170/4€8,117€2,746▼

Amounts payable within one year42/48€45,709€33,955▼

Current portion of amounts payable after more than one year42€7,061€5,372▼

Financial debts43€4,029€5,265▲

Credit institutions430/8€29€29=

Other loans439€4,000€5,236▲

Trade debts44€21,588€16,460▼

Suppliers440/4€21,588€16,460▼

Taxes, remuneration and social security45€5,201€4,345▼

Taxes450/3€1,951€1,095▼

Remuneration and social security454/9€3,250€3,250=

Other amounts payable47/48€7,830€2,514▼

Income statement Code20242025

Remuneration, social security and pensions62€348€0▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4,938€4,663▼

Other operating charges640/8€1,917€2,528▲

Gross operating margin9900€16,351€21,400▲

Operating profit (loss)9901€9,148€14,209▲

Financial income75/76B€0€1▲

Recurring financial income75€0€1▲

Financial charges65/66B€3,957€3,865▼

Recurring financial charges65€3,957€3,865▼

Profit (loss) for the period before taxes9903€5,191€10,345▲

Income taxes67/77€2,307€3,467▲

Profit (loss) for the period9904€2,884€6,878▲

Profit (loss) for the period to be appropriated9905€2,884€6,878▲

Appropriation of the result

Profit (loss) to be appropriated9906-€6,741€137▲

Profit (loss) brought forward from the previous period14P-€9,625-€6,741▲

Transfer to equity691/2-€137

To other reserves6921-€137

The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line	2021	2022	2023	2024	2025	Change
Remuneration, social security and pensions62	€256	€102	€995	€348	€0	▼ 100%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630	€5,431	€3,556	€4,725	€4,938	€4,663	▼ 5.6%
Other operating charges640/8	€3,906	€1,533	€3,297	€1,917	€2,528	▲ 31.8%
Non-recurring operating charges66A	-	€67	€0	-	-	-
Gross operating margin9900	€45,830	-€4,348	€19,619	€16,351	€21,400	▲ 30.9%
Operating profit (loss)9901	€36,236	-€9,607	€10,601	€9,148	€14,209	▲ 55.3%
Financial income75/76B	€0	€0	€0	€0	€1	▲ 115%
Recurring financial income75	€0	€0	€0	€0	€1	▲ 115%
Financial charges65/66B	€8,440	€4,344	€4,894	€3,957	€3,865	▼ 2.3%
Recurring financial charges65	€8,440	€4,344	€4,894	€3,957	€3,865	▼ 2.3%
Profit (loss) for the period before taxes9903	€27,797	-€13,951	€5,707	€5,191	€10,345	▲ 99.3%
Income taxes67/77	€8,998	€0	€1,381	€2,307	€3,467	▲ 50.3%
Profit (loss) for the period9904	€18,799	-€13,951	€4,326	€2,884	€6,878	▲ 138%
Profit (loss) for the period to be appropriated9905	€18,799	-€13,951	€4,326	€2,884	€6,878	▲ 138%

Line	2021	2022	2023	2024	2025	Change
Assets
Total assets20/58	€108,807	€105,659	€100,417	€85,884	€75,636	▼ 11.9%
Fixed assets21/28	€20,429	€25,429	€21,834	€16,896	€12,445	▼ 26.3%
Tangible fixed assets22/27	€19,929	€24,929	€21,334	€16,396	€11,945	▼ 27.1%
Plant, machinery and equipment23	€16,827	€16,536	€14,176	€11,816	€9,644	▼ 18.4%
Furniture and vehicles24	-	€6,142	€5,756	€4,028	€2,300	▼ 42.9%
Leasing and similar rights25	€3,102	€2,252	€1,402	€552	€0	▼ 100%
Financial fixed assets28	€500	€500	€500	€500	€500	=
Current assets29/58	€88,377	€80,230	€78,583	€68,988	€63,191	▼ 8.4%
Stocks and contracts in progress3	€47,751	€41,459	€44,248	€44,974	€44,974	=
Stocks30/36	€47,751	€41,459	€44,248	€44,974	€44,974	=
Amounts receivable within one year40/41	€1,840	€15,210	€12,647	€19,994	€10,624	▼ 46.9%
Trade receivables40	€1,740	€10,203	€2,380	€9,604	€2,405	▼ 75.0%
Other amounts receivable41	€101	€5,007	€10,267	€10,390	€8,219	▼ 20.9%
Cash at bank and in hand54/58	€38,720	€23,103	€20,963	€3,606	€7,593	▲ 111%
Deferred charges and accrued income490/1	€67	€458	€726	€414	€0	▼ 100%
Equity and liabilities
Total equity and liabilities10/49	€108,807	€105,659	€100,417	€85,884	€75,636	▼ 11.9%
Equity10/15	€38,799	€24,848	€29,174	€32,058	€38,936	▲ 21.5%
Contributions10/11	€20,000	€20,000	€20,000	€20,000	€20,000	=
Reserves13	€18,799	€18,799	€18,799	€18,799	€18,936	▲ 0.7%
Distributable reserves133	€18,799	€18,799	€18,799	€18,799	€18,936	▲ 0.7%
Profit (loss) carried forward14	-	-€13,951	-€9,625	-€6,741	€0	▲ 100%
Amounts payable17/49	€70,008	€80,811	€71,243	€53,826	€36,700	▼ 31.8%
Amounts payable after more than one year17	€25,804	€23,281	€15,178	€8,117	€2,746	▼ 66.2%
Financial debts170/4	€25,804	€23,281	€15,178	€8,117	€2,746	▼ 66.2%
Amounts payable within one year42/48	€44,204	€57,530	€56,065	€45,709	€33,955	▼ 25.7%
Current portion of amounts payable after more than one year42	€5,563	€7,810	€8,103	€7,061	€5,372	▼ 23.9%
Financial debts43	€29	€29	€4,029	€4,029	€5,265	▲ 30.7%
Credit institutions430/8	€29	€29	€29	€29	€29	=
Other loans439	-	-	€4,000	€4,000	€5,236	▲ 30.9%
Trade debts44	€18,851	€9,436	€27,132	€21,588	€16,460	▼ 23.8%
Suppliers440/4	€18,851	€9,436	€27,132	€21,588	€16,460	▼ 23.8%
Advances received on contracts in progress46	-	€17,702	€0	-	-	-
Taxes, remuneration and social security45	€7,281	€7,597	€4,958	€5,201	€4,345	▼ 16.5%
Taxes450/3	€3,803	€4,380	€1,708	€1,951	€1,095	▼ 43.9%
Remuneration and social security454/9	€3,478	€3,217	€3,250	€3,250	€3,250	=
Other amounts payable47/48	€12,480	€14,956	€11,843	€7,830	€2,514	▼ 67.9%

Line	2021	2022	2023	2024	2025	Change
Profit (loss) for the period9904	€18,799	-€13,951	€4,326	€2,884	€6,878	▲ 138%
+ Depreciation and write-downs630	€5,431	€3,556	€4,725	€4,938	€4,663	▼ 5.6%
Operating cash flow (approximation)	€24,230	-€10,395	€9,051	€7,822	€11,541	▲ 47.5%
Investment in fixed assets (approximation)	-	-€8,556	-€1,130	€0	-€213	-
Change in cash	-	-€15,617	-€2,140	-€17,357	€3,987	▲ 123%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Timeline · acts, filings and financial milestones

All 8Financial 2Gazette 1Filings 5

Next filing, fiscal year 2026, expected by 31-07-2027

2026

31-08

NBB filing Annual accounts filed

fiscal year 2025 · micro schema · 31 days late

06-05

State Gazette act Resignations: Steffie Van der Aa (non-statutory director) and Sonja Camerier (non-statutory director)

Appointment: Caroline De Maeyer (non-statutory director)4 facts ▸

General meeting, 20-03-2026
Director resignation, Steffie Van der Aa (non-statutory director)
Director resignation, Sonja Camerier (non-statutory director)
Director appointment, Caroline De Maeyer (non-statutory director)

2025

31-08

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 31 days late

2024

29-08

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 29 days late

2023

31-12

Financial Back to profitnet €4,326

Net result €4,326 after one loss-making year.

31-08

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 31 days late

2022

31-12

Financial Weakest financial yearnet -€13,951

Net result drops to -€13,951, the lowest in the series; recovery starts the following year.

29-08

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 29 days late

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

1 of 2 acts read

About the unread acts

Of the 2 Belgian State Gazette acts we know for this company, 1 has been read. The other one has not been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors

1 director, last change in 2026

Caroline De Maeyer

Non-statutory director · since 20-03-2026

Current

Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ. See the function holders in the CBE →

Not every act has been read: a resignation may be missing here

1 of this company's 2 Belgian State Gazette acts has not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.

Location & real-estate footprint

Registered office, Beveren-Kruibeke-Zwijndrecht · 1 establishment unit since 2020

seat establishment The establishment unit on the map

Ground area

182 m²

Building footprint

182 m²

Parcel 46009C0357/00F000, Flanders. Linked by address, not a title deed.

1 establishment unit

2020

Pastoor Verwilghenplein(HSD) 8, 9120 Beveren-Kruibeke-ZwijndrechtRetail sale of bread and pastry (bakery outlets)

since 20202.302.128.120

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
46009C0357/00F000	Flanders	182 m²	1 · 182 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.

Mandate history

3 people since 2026, 1 in office

All 3 In office 1 Ended 2

Board
began earlier

Mandates per person, with start and end dates
Name	Functions and periods
Caroline De Maeyer	Non-statutory director, from 20-03-2026 to date
CAMERIER Sonja	Non-statutory director, until 20-03-2026
VAN DER AA Steffie	Non-statutory director, until 20-03-2026

See the board, name and seat on a given date →

Structure & network

Connections & network

1 current director

Depth

The network starts from this company’s directors. Other companies they run appear here as nodes.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, scroll to zoom.

Recognitions · licences · registrations

Food safety, FASFC

1 site

Beveren-Kruibeke-Zwijndrecht2.302.128.120

1 permission

Toelating · Detailhandel · since 29-06-2020

Similar companies · same sector, comparable size

Le bar à tartes

BE 0773.979.331

Grimbergen · Eq €38,881

PIERROT

BE 0508.771.631

De Panne · Eq €39,098

Sint-Pieters-Leeuw · Eq €38,719

ABZET

BE 0845.676.187

Seraing · Eq €39,223

Of 2,404 companies in sector 47241 we hold annual accounts for 1,101. 921 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

Founded11-05-2020

Fiscal year end31-12

Activities, NACEBEL 2025

47241Retail sale of bread and pastry (bakery outlets)

47260Retail trade

47279Other retail sale of food

47610Retail trade

70200Business and other management consultancy

96220Beauty care and other beauty treatments

E-invoicing

Reachable via Peppol

Peppol ID 0208:0746821509

Also 9925:BE0746821509

Registered 24-11-2023

If you follow this company, Checked tells you the day it leaves the Peppol register.

Scores and ratios are computed by Checked and are not a credit decision.