Active BE 0876.760.234Private limited company

BAKKERIJ LEMAHIEU

Zuidstraat 38 ·8630 Veurne, Belgium· 20 yrs active

Sector: Overige niet-gespecialiseerde detailhandel (47120)

Conclusion Checked

The computed 12-month bankruptcy probability of BAKKERIJ LEMAHIEU is 0.6% (low). The 2025 annual accounts show equity of €592k and a net result of €-68k. Equity remains stable across the filed fiscal years (±2.5% per year). Its solvency ranks better than 78% of 480 sector peers (fiscal year 2025). The company has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 8 annual accounts.

Key figures

Equity	€592k
Net result	€-68k
Staff (FTE)	5.6
Better than sector	78%

Financial profile 5 of 5 axes measured · computed by Checked

60 / 100

Strong profile, led by stability.

All 5 axes are computed from data Checked has read.

Health 52

Profitability 0

Solvency 95

Growth 52

Stability 100

Bankruptcy probability (12 mo) Checked model v1 · free

0.6% Low

0%0,5%1,5%4%10%≥25%

Higher-failure-rate sector +Long track record −

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 2 signals

Long-established

Founded in 2005, 20 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Health barometer FY 2025 · computed

52 / 100 Fair

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.

Financial overview10 NBB filings

Annual accounts filed on 30-04-2026 with the NBB · fiscal year 2025 · verkort

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

stable Equity: stable across 8 fiscal years (±2.5%/year).

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2025 · NACE 47, Retail trade · compared within the same schema type (abbreviated schema)

Metric	This company	Sector median	Position in the sector
Solvency	50.6%	21.2%	better than 78% of 480 sector peers
Net result	€-68k	€32k	better than 13% of 478 sector peers
Equity	€592k	€163k	better than 81% of 480 sector peers
Gross operating margin	€156k	€281k	better than 32% of 480 sector peers
Staff costs	€186k	€211k	higher than 46% of 386 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

EBITDA

€-35k

- 18-25

Net profit

€-68k

-43.3% 18-25

Cash flow

€-36k

-189.9% 18-25

Total assets

€1.17M

-7.8% 18-25

Equity

€592k

-10.3% 18-25

Working capital

€431k

-14.8% 18-25

Employees (FTE)

6

+9.8% 18-25

Staff costs

€186k

+23.9% 18-25

Show 11 other metrics

Income taxes

€350

+5.0% 18-25

Debt

€578k

-5.1% 18-25

Debt ≤ 1y

€295k

+2.8% 18-25

Debt > 1y

€283k

-12.1% 18-25

Current ratio

2.46

-10.9% 18-25

Quick ratio

2.23

-11.8% 18-25

Solvency

50.6%

-2.7% 18-25

Debt / equity

0.98

+5.7% 18-25

ROE

-11.4%

-59.7% 18-25

ROA

-5.8%

-55.4% 18-25

Interest coverage

-3.31

- 18-25

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2025
Deposit	verkort
Revenue	-
EBITDA	€-35k
Net profit	€-68k
Cash flow	€-36k
Staff costs	€186k
Income taxes	€350
Dividends	-
Total assets	€1.17M
Equity	€592k
Debt	€578k
of which ≤ 1y	€295k
of which > 1y	€283k
Working capital	€431k
Employees (FTE)	5.6

Ratios (computed)

	2025
Current ratio	2.46
Quick ratio	2.23
Working capital ratio	36.8%
Solvency	50.6%
Debt / equity	0.98
Long-term debt ratio	0.48
Interest coverage	-3.31
Gross margin	-
Net margin	-
ROA	-5.8%
ROE	-11.4%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2025

Assets

Fixed assets €444k · 38.0% Current assets €726k · 62.0%

Equity & liabilities

Equity €592k · 50.6% Debt €578k · 49.4%

Full annual accounts (25 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2025
Balance sheet, Assets
TOTAL ASSETS	20/58	€1.17M
Fixed assets	21/28	€444k
Tangible fixed assets	22/27	€444k
Current assets	29/58	€726k
Stocks & contracts in progress	3	€67k
Amounts receivable within one year	40/41	€417k
Investments	50/53	€175k
Cash & bank	54/58	€66k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€1.17M
Equity	10/15	€592k
Contributions / capital	10/11	€462k
Reserves	13	€170k
Accumulated profits (losses)	14	€-40k
Amounts payable	17/49	€578k
Amounts payable after one year	17	€283k
Amounts payable within one year	42/48	€295k
Trade debts payable within one year	44	€89k
Income statement
Gross operating margin	9900	€156k
Operating result	9901	€-67k
Financial income	75	€11k
Financial charges	65	€11k
Result before taxes	9903	€-67k
Income taxes	67/77	€350
Net result for the period	9904	€-68k
Result to be appropriated	9905	€-68k

This table shows the latest fiscal year. 4 prior years, with figures and ratios, belong to a paid plan. See plans →

Ratios computed by Checked.

Legal Structure

NACE primary	Overige niet-gespecialiseerde detailhandel(47120)
Legal form	Private limited company(610)
Incorporation	18-10-2005
Status	Active
Postal code	8630

Establishment units 1 location

SPAR

Diksmuidseweg 374, 8904 IeperDiensten in verband met vervoer te land

since 20072.166.348.411

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
38025A0530/00E000 ProtectedMonumentLandhuizen Ter Linden en TorenhuisSource ↗	Flanders	626 m²	1 · 534 m²	13.0 m · 1 fl.
33003A0837/00T008	Flanders	293 m²	1 · 164 m²	10.2 m · 2 fl.

Methodology

via registered seat: 1 · via establishment units: 1

2 of 2 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).

Updates 11 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2026

30-04-2026

NBB filing Annual accounts filed

fiscal year 2025 · verkort

2025

26-05-2025

NBB filing Annual accounts filed

fiscal year 2024 · verkort

2024

31-05-2024

NBB filing Annual accounts filed

fiscal year 2023 · verkort

2023

15-05-2023

NBB filing Annual accounts filed

fiscal year 2022 · verkort

08-03-2023

State Gazette act Director changes

Stefanie DAUW

2022

19-05-2022

NBB filing Annual accounts filed

fiscal year 2021 · verkort

2021

31-05-2021

NBB filing Annual accounts filed

fiscal year 2020 · verkort

2020

02-06-2020

NBB filing Annual accounts filed

fiscal year 2019 · verkort

2019

23-04-2019

NBB filing Annual accounts filed

fiscal year 2018 · verkort

2018

30-10-2018

NBB filing Annual accounts filed

fiscal year 2017 · verkort

21-03-2018

NBB filing Annual accounts filed

fiscal year 2016 · verkort

Belgian State Gazette reading coverage 0 of 3 acts read

We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Belgisch Staatsblad, acts 1 acts

All acts · 1 updated 3 years ago

2023

08-03-2023 Change in the board of directors Director changes·Stefanie DAUW

Notary: Stefanie DAUW · Lo-Reninge

Original publication ↗

Technical details

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    "act_kind_objet": "Onderwerp akte:"
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  "subject_company": {
    "kbo": "0876.760.234",
    "name_full": "BAKKERIJ LEMAHIEU",
    "legal_form": "BV"
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Credit advice verdict per customer and amount

Company registry (CBE) Crossroads Bank

Activities

Niet-gespecialiseerde detailhandel waarbij voedings- en genotmiddelen overheersen47110Detailhandel in niet-gespecialiseerde winkels waarbij voedings- en genotmiddelen overheersen (verkoopsoppervlakte tussen 100 m² en minder dan 400 m²)47113Overige niet-gespecialiseerde detailhandel47120Detailhandel in niet-gespecialiseerde winkels waarbij voedings- en genotmiddelen niet overheersen (verkoopoppervlakte. = 2500 m²)47192Grootwarenhuizen (verkoop van overwegend niet-voedingsmiddelen met verkoopsopp.vanaf 2.500 m2)52121Industriële vervaardiging van brood en van vers banketbakkerswerk10711Industriële bakkerijen15811

Primary activity highlighted.

Names & trade names

Legal nameNL

BAKKERIJ LEMAHIEU

Registered office

Zuidstraat 38 bus 101

8630 Veurne, Belgium

Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.

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