BAKKERIJ EMMERIX
ActiveFinancials · financial year 2025, abbreviated format
2025 annual accounts filed 59 days after the deadline Filed on 28 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00531610.
Annual accounts 2025 filed on 28-09-2026 at the NBB all 22 filings
Turnover
≈ €950,000
Estimated: probably between €570,000 and €1.6m
Total assets
€433,166▼ 2.2%
2024 · €443,014
Net result
€18,652▼ 76.3%
2024 · €78,576
Working capital
€83,810▲ 28.9%
2024 · €65,036
In the rankings
#8 oldest company in Riemst, Manufacturing sector
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€32,863
▼ 73.2%
2025
20182025
Net result
€18,652
▼ 76.3%
2025
middle half of the sector
20182025
Equity
€222,565
▲ 9.1%
2025
middle half of the sector
20182025
Total assets
€433,166
▼ 2.2%
2025
middle half of the sector
20182025
Debt
€210,601
▼ 11.9%
2025
20182025
Working capital
€83,810
▲ 28.9%
2025
middle half of the sector
20182025
Solvency
51.4%
▲ 5.4pp
2025
middle half of the sector
20182025
Current ratio
1.83
▲ 0.33
2025
middle half of the sector
20182025
Return on assets (ROA)
4.3%
▼ 13.4pp
2025
middle half of the sector
20182025
Staff (FTE)
6.7
▼ 1.5%
2025
middle half of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€14,426-€13,842▼ 4.0%-€11,681-€1,625▲ 86.1%€21,582€109,479▲ 407%€122,539▲ 11.9%€32,863▼ 73.2%
Net result€6,846-€8▼ 99.9%-€21,016below the sector's middle half-€13,619below the sector's middle half▲ 35.2%€16,065within the sector's middle half€75,460within the sector's middle half▲ 370%€78,576within the sector's middle half▲ 4.1%€18,652within the sector's middle half▼ 76.3%
Equity€68,438-€68,446=€47,430below the sector's middle half▼ 30.7%€33,811below the sector's middle half▼ 28.7%€49,877below the sector's middle half▲ 47.5%€125,337below the sector's middle half▲ 151%€203,913within the sector's middle half▲ 62.7%€222,565within the sector's middle half▲ 9.1%
Total assets€256,604-€238,442▼ 7.1%€263,815below the sector's middle half▲ 10.6%€237,764below the sector's middle half▼ 9.9%€329,045below the sector's middle half▲ 38.4%€297,721below the sector's middle half▼ 9.5%€443,014below the sector's middle half▲ 48.8%€433,166within the sector's middle half▼ 2.2%
Debt€179,476-€162,749▼ 9.3%€210,581▲ 29.4%€199,592▼ 5.2%€276,251▲ 38.4%€170,909▼ 38.1%€239,101▲ 39.9%€210,601▼ 11.9%
Working capital-€17,733--€12,617▲ 28.9%-€68,388below the sector's middle half▼ 442%-€79,160below the sector's middle half▼ 15.8%-€49,905below the sector's middle half▲ 37.0%€6,563within the sector's middle half€65,036within the sector's middle half▲ 891%€83,810within the sector's middle half▲ 28.9%
Solvency26.7%-28.7%▲ 2.0pp18.0%within the sector's middle half▼ 10.7pp14.2%below the sector's middle half▼ 3.8pp15.2%below the sector's middle half▲ 0.9pp42.1%within the sector's middle half▲ 26.9pp46.0%within the sector's middle half▲ 3.9pp51.4%within the sector's middle half▲ 5.4pp
Current ratio0.82-0.88▲ 0.060.55below the sector's middle half▼ 0.330.51below the sector's middle half▼ 0.040.74below the sector's middle half▲ 0.231.06within the sector's middle half▲ 0.321.50within the sector's middle half▲ 0.441.83within the sector's middle half▲ 0.33
Return on assets (ROA)2.7%-0.0%▼ 2.7pp-8.0%below the sector's middle half▼ 8.0pp-5.7%below the sector's middle half▲ 2.2pp4.9%within the sector's middle half▲ 10.6pp25.3%above the sector's middle half▲ 20.5pp17.7%above the sector's middle half▼ 7.6pp4.3%within the sector's middle half▼ 13.4pp
Staff (FTE)6.2-6.8▲ 9.7%6.8within the sector's middle half=6.3within the sector's middle half▼ 7.4%6.1within the sector's middle half▼ 3.2%6.1within the sector's middle half=6.8within the sector's middle half▲ 11.5%6.7within the sector's middle half▼ 1.5%
above
within
below
The sector band is the middle half of the companies in Manufacture of food products (NACE 10). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 73% lower than in 2024.
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €433,166
Fixed assets
€248,604 ▲ 0.4%
Current assets
€184,562 ▼ 5.5%
Equity and liabilities €433,166
Equity
€222,565 ▲ 9.1%
Debt
€210,601 ▼ 11.9%
Debt's share of the balance-sheet total falls from 54.0% to 48.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€80,911▼
2024 · €173,042
Cash flow
€66,700▼
2024 · €129,079
Quick ratio
1.58▲
2024 · 1.34
Debt to equity
0.95▼
2024 · 1.17
ROE
8.4%▼
2024 · 38.5%
Interest coverage
8.70▼
2024 · 17.19
Debt ≤ 1 year
€100,752▼
2024 · €130,317
Debt > 1 year
€81,395▼
2024 · €85,002
Income taxes
€8,092▼
2024 · €37,076
Staff costs
€322,713▲
2024 · €286,811
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 11 | 10 | 10 | 10 | 9 |
| full-time | 4 | 4 | 4 | 5 | 5 |
| part-time | 7 | 6 | 6 | 5 | 4 |
| in full-time equivalents | 6.1 | 5.9 | 6.1 | 7.2 | 6.8 |
| Average over the year, in full-time equivalents | 6.3 | 6.1 | 6 | 6.8 | 6.7 |
| On a permanent contract | 8 | 8 | 8 | 9 | 8 |
| Joined | 1 | 1 | 3 | 9 | 5 |
| Left | 1 | 2 | 1 | 7 | 5 |
| Training hours | - | - | 13 | 18 | - |
Source: social balance sheet in the 2021 to 2025 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €7,834 | €62,974 | €31,456 | €116,955 | €48,991 |
| Depreciation and write-downs of the year | €32,350 | €32,215 | €35,292 | €50,503 | €48,048 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2022 to 2024 · 4 entries · €12,745 awarded · €13,451 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2024 | 1 | €0 | €706 |
| 2023 | 1 | €4,646 | €4,646 |
| 2022 | 2 | €8,099 | €8,099 |
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €3,433 | €2,000 | €3,760 | €1,074 | - | - |
| Remuneration, social security and pensions62 | - | - | - | €222,461 | €241,567 | €280,443 | €286,811 | €322,713 | ▲ 12.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €48,505 | €42,847 | €27,968 | €32,350 | €32,215 | €35,292 | €50,503 | €48,048 | ▼ 4.9% |
| Other operating charges640/8 | - | - | - | €410 | €410 | €446 | €449 | €400 | ▼ 11.0% |
| Gross operating margin9900 | €282,999 | €286,068 | €225,517 | €253,596 | €295,773 | €425,661 | €460,302 | €404,023 | ▼ 12.2% |
| Operating profit (loss)9901 | €14,426 | €13,842 | -€11,681 | -€1,625 | €21,582 | €109,479 | €122,539 | €32,863 | ▼ 73.2% |
| Financial income75/76B | - | - | - | €2,908 | €508 | €1,646 | €1,707 | €3,183 | ▲ 86.5% |
| Recurring financial income75 | €2,107 | €1,415 | €2,053 | €2,908 | €508 | €1,646 | €1,707 | €3,183 | ▲ 86.5% |
| Financial charges65/66B | - | - | - | €16,084 | €5,701 | €12,699 | €10,069 | €9,301 | ▼ 7.6% |
| Recurring financial charges65 | €7,739 | €13,543 | €12,390 | €16,084 | €5,701 | €12,699 | €10,069 | €9,301 | ▼ 7.6% |
| Profit (loss) for the period before taxes9903 | €8,794 | €1,713 | -€22,018 | -€14,800 | €16,389 | €98,426 | €114,177 | €26,744 | ▼ 76.6% |
| Transfer from deferred taxes780 | - | - | - | €1,443 | €1,443 | €1,443 | €1,475 | - | - |
| Income taxes67/77 | €3,390 | €3,148 | €441 | €261 | €1,767 | €24,408 | €37,076 | €8,092 | ▼ 78.2% |
| Profit (loss) for the period9904 | €6,846 | €8 | -€21,016 | -€13,619 | €16,065 | €75,460 | €78,576 | €18,652 | ▼ 76.3% |
| Transfer from tax-exempt reserves789 | - | - | - | €2,802 | €2,802 | €2,802 | €2,865 | - | - |
| Profit (loss) for the period to be appropriated9905 | €9,649 | €2,810 | -€18,214 | -€10,817 | €18,868 | €78,263 | €81,441 | €18,652 | ▼ 77.1% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €256,604 | €238,442 | €263,815 | €237,764 | €329,045 | €297,721 | €443,014 | €433,166 | ▼ 2.2% |
| Fixed assets21/28 | €177,203 | €148,259 | €181,155 | €155,073 | €185,831 | €181,209 | €247,661 | €248,604 | ▲ 0.4% |
| Intangible fixed assets21 | €219 | €19 | - | - | - | - | - | - | - |
| Tangible fixed assets22/27 | €174,713 | €145,970 | €178,885 | €152,803 | €183,561 | €178,939 | €245,391 | €246,334 | ▲ 0.4% |
| Land and buildings22 | - | - | - | €81,257 | €73,535 | €70,373 | €106,580 | €111,755 | ▲ 4.9% |
| Plant, machinery and equipment23 | - | - | - | €71,545 | €95,240 | €90,880 | €70,153 | €54,095 | ▼ 22.9% |
| Furniture and vehicles24 | - | - | - | - | €14,786 | €17,686 | €21,234 | €19,021 | ▼ 10.4% |
| Leasing and similar rights25 | - | - | - | - | - | - | €47,424 | €61,464 | ▲ 29.6% |
| Financial fixed assets28 | €2,270 | €2,270 | €2,270 | €2,270 | €2,270 | €2,270 | €2,270 | €2,270 | = |
| Current assets29/58 | €79,401 | €90,182 | €82,660 | €82,692 | €143,214 | €116,512 | €195,353 | €184,562 | ▼ 5.5% |
| Stocks and contracts in progress3 | €18,653 | €15,338 | €19,871 | €20,082 | €22,424 | €21,618 | €20,282 | €25,463 | ▲ 25.5% |
| Stocks30/36 | - | - | - | €20,082 | €22,424 | €21,618 | €20,282 | €25,463 | ▲ 25.5% |
| Amounts receivable within one year40/41 | €25,316 | €32,668 | €31,594 | €46,179 | €98,457 | €64,482 | €57,309 | €102,938 | ▲ 79.6% |
| Trade receivables40 | - | - | - | €25,008 | €65,286 | €55,671 | €51,981 | €78,205 | ▲ 50.4% |
| Other amounts receivable41 | - | - | - | €21,171 | €33,171 | €8,811 | €5,328 | €24,733 | ▲ 364% |
| Cash at bank and in hand54/58 | €28,081 | €29,254 | €15,952 | €3,821 | €9,025 | €21,978 | €110,030 | €48,040 | ▼ 56.3% |
| Deferred charges and accrued income490/1 | - | - | - | €12,609 | €13,308 | €8,432 | €7,732 | €8,121 | ▲ 5.0% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €256,604 | €238,442 | €263,815 | €237,764 | €329,045 | €297,721 | €443,014 | €433,166 | ▼ 2.2% |
| Equity10/15 | €68,438 | €68,446 | €47,430 | €33,811 | €49,877 | €125,337 | €203,913 | €222,565 | ▲ 9.1% |
| Contributions10/11 | €20,000 | €20,000 | - | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Reserves13 | €58,183 | €55,381 | €52,579 | €49,777 | €29,877 | €105,337 | €183,913 | €202,565 | ▲ 10.1% |
| Non-distributable reserves130/1 | - | - | - | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Reserves not available under the articles1311 | - | - | - | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Tax-exempt reserves132 | - | - | - | €15,458 | €12,656 | €9,854 | €6,989 | €6,989 | = |
| Distributable reserves133 | - | - | - | €32,319 | €15,220 | €93,483 | €174,924 | €193,576 | ▲ 10.7% |
| Profit (loss) carried forward14 | -€9,745 | -€6,935 | -€25,149 | -€35,966 | - | - | - | - | - |
| Provisions and deferred taxes16 | €8,690 | €7,247 | €5,804 | €4,361 | €2,918 | €1,475 | - | - | - |
| Deferred taxes168 | - | - | - | €4,361 | €2,918 | €1,475 | - | - | - |
| Amounts payable17/49 | €179,476 | €162,749 | €210,581 | €199,592 | €276,251 | €170,909 | €239,101 | €210,601 | ▼ 11.9% |
| Amounts payable after more than one year17 | €56,800 | €38,552 | €44,256 | €24,904 | €58,517 | €42,214 | €85,002 | €81,395 | ▼ 4.2% |
| Financial debts170/4 | - | - | - | €24,904 | €58,517 | €42,214 | €85,002 | €81,395 | ▼ 4.2% |
| Amounts payable within one year42/48 | €97,134 | €102,799 | €151,048 | €161,852 | €193,119 | €109,948 | €130,317 | €100,752 | ▼ 22.7% |
| Current portion of amounts payable after more than one year42 | - | - | - | €19,352 | €23,182 | €16,302 | €26,433 | €29,864 | ▲ 13.0% |
| Financial debts43 | - | - | - | €32,549 | €13,155 | €5,475 | €6,575 | €6,723 | ▲ 2.3% |
| Credit institutions430/8 | - | - | - | €32,549 | €13,155 | €5,475 | €6,575 | €6,723 | ▲ 2.3% |
| Trade debts44 | €22,900 | €31,171 | €13,462 | €26,270 | €76,553 | €33,544 | €42,416 | €36,493 | ▼ 14.0% |
| Suppliers440/4 | - | - | - | €26,270 | €76,553 | €33,544 | €42,416 | €36,493 | ▼ 14.0% |
| Taxes, remuneration and social security45 | - | - | - | €22,631 | €27,013 | €17,408 | €27,893 | €12,250 | ▼ 56.1% |
| Taxes450/3 | - | - | - | €6,072 | €6,362 | €17,408 | €27,893 | €12,250 | ▼ 56.1% |
| Remuneration and social security454/9 | - | - | - | €16,559 | €20,651 | - | - | - | - |
| Other amounts payable47/48 | - | - | - | €61,049 | €53,215 | €37,219 | €27,001 | €15,422 | ▼ 42.9% |
| Accrued charges and deferred income492/3 | - | - | - | €12,837 | €24,615 | €18,746 | €23,782 | €28,454 | ▲ 19.6% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €6,846 | €8 | -€21,016 | -€13,619 | €16,065 | €75,460 | €78,576 | €18,652 | ▼ 76.3% |
| + Depreciation and write-downs630 | €48,505 | €42,847 | €27,968 | €32,350 | €32,215 | €35,292 | €50,503 | €48,048 | ▼ 4.9% |
| Operating cash flow (approximation) | €55,351 | €42,855 | €6,952 | €18,731 | €48,281 | €110,753 | €129,079 | €66,700 | ▼ 48.3% |
| Investment in fixed assets (approximation) | - | -€13,904 | -€60,864 | -€6,268 | -€62,974 | -€30,670 | -€116,955 | -€48,991 | ▲ 58.1% |
| Change in cash | - | €1,173 | -€13,302 | -€12,130 | €5,204 | €12,953 | €88,052 | -€61,990 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 17,041 companies had the same profile as BAKKERIJ EMMERIX has now. Two years later, 94.3% were still going and 0.5% had gone bankrupt.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
94.3%
was still going
4.9%
stopped otherwise
0.5%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of BAKKERIJ EMMERIX itself is higher: 1.2% within 12 months. It rests on far more data about BAKKERIJ EMMERIX than the profile alone.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 17,041 companies, not a prediction for BAKKERIJ EMMERIX. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 22 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 28-09-2026 | 2026-00531610 | |
| 31-12-2024 | abbreviated format | 28-08-2025 | 2025-00443057 | |
| 31-12-2023 | abbreviated format | 27-09-2024 | 2024-00481999 | |
| 31-12-2022 | abbreviated format | 06-09-2023 | 2023-00442656 | |
| 31-12-2021 | abbreviated format | 16-09-2022 | 2022-20431377 | |
| 31-12-2020 | abbreviated format | 27-08-2021 | 2021-56700222 | |
| 31-12-2019 | abbreviated format | 08-10-2020 | 2020-59900291 | |
| 31-12-2018 | abbreviated format | 23-08-2019 | 2019-49700146 | |
| 31-12-2017 | abbreviated format | 23-08-2018 | 2018-48600192 | |
| 31-12-2016 | abbreviated format | 28-08-2017 | 2017-49900287 |