BAKKERIJ PHILIPPE
ActiveBAKKERIJ PHILIPPE has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €245k and a net result of €32k. Equity is growing by ~13.2% per year across the filed fiscal years. Its solvency ranks better than 87% of 2090 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
84
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability81=
Solvency99▼-1
Growth52=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €20k at 30 days acceptable
Liquidity ample (current ratio 3.99 against 4.69 in 2023; short-term debt: 16.7% and cash: 22.5% of total assets), and 26% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 10
Relative position
BE, all sectors
reference
Sector 10
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
61 d late
2023
61 d late
2022
60 d late
2021
26 d late
2020
90 d late
2019
31 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€245k▲ 14.9%
2023 · €213k
2018: €122k
2019: €129k
2020: €134k
2021: €173k
2022: €187k
2023: €213k
2018 → 2024
Total assets
€331k▲ 16.3%
2023 · €285k
2018: €274k
2019: €235k
2020: €244k
2021: €296k
2022: €294k
2023: €285k
2018 → 2024
Net result
€32k▲ 17.8%
2023 · €27k
2018: €36k
2019: €7k
2020: €5k
2021: €40k
2022: €13k
2023: €27k
2018 → 2024
Working capital
€166k▲ 9.4%
2023 · €151k
2018: €166k
2019: €161k
2020: €135k
2021: €110k
2022: €112k
2023: €151k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€134k-€173k▲ 29.7%€187k▲ 7.6%€213k▲ 14.4%€245k▲ 14.9%
Operating result€8k-€49k▲ 482%€16k▼ 67.6%€25k▲ 54.1%€36k▲ 44.4%
Net result€5k-€40k▲ 674%€13k▼ 66.9%€27k▲ 105%€32k▲ 17.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 44% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €331k
Fixed assets
€110k▲ 19.3%
Current assets
€221k▲ 14.9%
Equity and liabilities €331k
Equity
€245k▲ 14.9%
Debt
€86k▲ 20.7%
The debt ratio rises from 25.0% to 26.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€78k▲
2023 · €60k
Cash flow
€74k▲
2023 · €62k
Solvency
74.0%▼
2023 · 75.0%
Current ratio
3.99▼
2023 · 4.69
Quick ratio
3.10▼
2023 · 3.21
Debt / equity
0.35▲
2023 · 0.33
ROE
12.9%▲
2023 · 12.6%
ROA
9.6%▲
2023 · 9.5%
Interest coverage
27.43▼
2023 · 32.72
Debt
€86k▲
2023 · €71k
Debt ≤ 1 year
€55k▲
2023 · €41k
Debt > 1 year
€24k▲
2023 · €20k
Income taxes
€4k▲
2023 · €-1k
Staff costs
€132▼
2023 · €867
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€285k€331k▲
Fixed assets21/28€93k€110k▲
Tangible fixed assets22/27€93k€110k▲
Land and buildings22€13k€32k▲
Plant, machinery and equipment23€47k€34k▼
Furniture and vehicles24€32k€44k▲
Current assets29/58€192k€221k▲
Amounts receivable after more than one year29€97k€93k▼
Other amounts receivable291€97k€93k▼
Stocks and contracts in progress3€61k€49k▼
Stocks30/36€61k€49k▼
Amounts receivable within one year40/41€786€502▼
Other amounts receivable41€786€502▼
Cash at bank and in hand54/58€31k€75k▲
Deferred charges and accrued income490/1€2k€4k▲
Equity and liabilities
Total equity and liabilities10/49€285k€331k▲
Equity10/15€213k€245k▲
Contributions10/11€12k€12k=
Capital10€12k€12k=
Issued capital100€19k€19k=
Uncalled capital101€6k€6k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Legal reserve130€2k€2k=
Profit (loss) carried forward14€199k€231k▲
Amounts payable17/49€71k€86k▲
Amounts payable after more than one year17€20k€24k▲
Financial debts170/4€20k€24k▲
Amounts payable within one year42/48€41k€55k▲
Current portion of amounts payable after more than one year42€11k€15k▲
Trade debts44€21k€25k▲
Suppliers440/4€21k€25k▲
Taxes, remuneration and social security45€9k€12k▲
Taxes450/3€5k€8k▲
Remuneration and social security454/9€4k€4k▼
Other amounts payable47/48-€4k
Accrued charges and deferred income492/3€11k€6k▼
Income statement
Code20232024
Remuneration, social security and pensions62€867€132▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€35k€42k▲
Other operating charges640/8€1k€1k▲
Gross operating margin9900€62k€79k▲
Operating profit (loss)9901€25k€36k▲
Financial income75/76B€3k€3k▼
Recurring financial income75€3k€3k▼
Financial charges65/66B€2k€3k▲
Recurring financial charges65€2k€3k▲
Profit (loss) for the period before taxes9903€26k€36k▲
Income taxes67/77€-1k€4k▲
Profit (loss) for the period9904€27k€32k▲
Profit (loss) for the period to be appropriated9905€27k€32k▲
Appropriation of the result
Profit (loss) to be appropriated9906€199k€231k▲
Profit (loss) brought forward from the previous period14P€172k€199k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
2023
31-12
Financial
Equity above €200kEq €213k ▲14.4%
6 profitable years in a row build equity to €213k.
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 60 days late
2022
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 26 days late
2021
31-12
Financial
Highest result since 2018net €40k ▲674%
Operating result €49k, net result €40k, both a record.
31-12
Financial
Equity above €150kEq €173k ▲29.7%
4 profitable years in a row build equity to €173k.
29-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 90 days late
2020
31-12
Financial
Weakest financial yearnet €5k ▼23.4%
Net result drops to €5k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
31-12
Financial
Liquidity triplescurrent ratio 12.56
Current ratio from 4.15 to 12.56; short-term debt falls from €53k to €14k.
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 28 days late
2016
25-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 25 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 acts for this company are 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, Lokeren · 1 establishment unit since 2010
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Hovenierstraat 119160 LokerenGround area
631 m²
Building footprint
275 m²
Volume, LiDAR
1,286 m³
Parcel 46382B0372/00P006, Flanders · tallest building 10.1 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Bakkerij Philippe
since 20102.195.622.813
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46382B0372/00P006 | Flanders | 631 m² | 1 · 275 m² | 10.1 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteLokeren2.195.622.813
Similar companies · same sector, comparable size
BAKKERIJ 'T BROODHUYS
BE 0844.994.219
Londerzeel · Eq €245k
RECLIPS
BE 0427.201.064
Antwerpen · Eq €244k
BAKKERIJ KIOSK
BE 0461.445.628
Antwerpen · Eq €244k
Copine
BE 0770.536.722
Oudenaarde · Eq €244k
BAKKERIJ DEPOTTER
BE 0435.959.966
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Of 4,227 companies in sector 10712 we hold annual accounts for 1,871. 1,473 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded12-10-2010
Fiscal year end31-12
Activities, NACEBEL
10712Artisanal bread and fresh pastry making
Sources
Crossroads Bank for EnterprisesNational Bank · 14 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.