BAKKERIJ THYSSEN
ActiveBAKKERIJ THYSSEN has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €948k and a net result of €-73k. Equity is shrinking by ~6.2% per year across the filed fiscal years. Its solvency ranks better than 40% of 637 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-98
Solvency57=
Growth32▼-26
Stability100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50k at 30 days acceptable
Liquidity tight (current ratio 1.37 against 1.3 in 2024), and 69.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
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 · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
30.8%
Return on assets
-2.4%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 17-07-2026, 14 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
14 d early
2024
34 d early
2023
35 d early
2022
38 d early
2021
19 d early
2020
32 d early
2019
21 d early
← before the deadline
after the deadline →
neutral · 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.
Companies Code · seven monthsPosition in the running window
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-73k
2024 · €200k
2018: €127k
2019: €71k
2020: €176k
2021: €-7k
2022: €-14k
2023: €56k
2024: €200k
2018 → 2025
Working capital
€682k▲ 13.8%
2024 · €599k
2018: €821k
2019: €574k
2020: €552k
2021: €677k
2022: €642k
2023: €570k
2024: €599k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.27M-€1.25M▼ 1.1%€1.01M▼ 19.5%€1.02M▲ 1.0%€948k▼ 7.1%
Operating result€115-€-11k€86k€274k▲ 218%€-70k
Net result€-7k-€-14k▼ 115%€56k€200k▲ 260%€-73k
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €70k after €274k in 2024, the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.08M
Fixed assets
€582k▼ 4.8%
Current assets
€2.50M▼ 2.9%
Equity and liabilities €3.08M
Equity
€948k▼ 7.1%
Debt
€2.13M▼ 1.4%
The debt ratio rises from 68.0% to 69.2%: equity shrinks faster than debt is paid down.
Key figures and ratios
EBITDA
€174k▼
2024 · €481k
Cash flow
€171k▼
2024 · €408k
Solvency
30.8%▼
2024 · 32.0%
Current ratio
1.37▲
2024 · 1.30
Quick ratio
1.25▲
2024 · 1.19
Debt / equity
2.25▲
2024 · 2.12
ROE
-7.7%▼
2024 · 19.6%
ROA
-2.4%▼
2024 · 6.3%
Interest coverage
4.79▼
2024 · 10.38
Debt
€2.13M▼
2024 · €2.16M
Debt ≤ 1 year
€1.82M▼
2024 · €1.98M
Debt > 1 year
€315k▲
2024 · €189k
Income taxes
€166▼
2024 · €52k
Staff costs
€2.58M▲
2024 · €1.92M
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€3.19M€3.08M▼
Fixed assets21/28€611k€582k▼
Tangible fixed assets22/27€606k€572k▼
Land and buildings22€149k€121k▼
Plant, machinery and equipment23€265k€207k▼
Furniture and vehicles24€191k€243k▲
Financial fixed assets28€5k€10k▲
Current assets29/58€2.57M€2.50M▼
Stocks and contracts in progress3€219k€227k▲
Stocks30/36€219k€227k▲
Amounts receivable within one year40/41€2.19M€2.06M▼
Trade receivables40€1.23M€1.18M▼
Other amounts receivable41€958k€877k▼
Cash at bank and in hand54/58€171k€216k▲
Equity and liabilities
Total equity and liabilities10/49€3.19M€3.08M▼
Equity10/15€1.02M€948k▼
Contributions10/11€416k€416k=
Capital10€416k€416k=
Issued capital100€416k€416k=
Reserves13€604k€532k▼
Non-distributable reserves130/1€48k€48k=
Legal reserve130€48k€48k=
Tax-exempt reserves132€3k€3k=
Distributable reserves133€553k€481k▼
Amounts payable17/49€2.16M€2.13M▼
Amounts payable after more than one year17€189k€315k▲
Financial debts170/4€189k€315k▲
Amounts payable within one year42/48€1.98M€1.82M▼
Current portion of amounts payable after more than one year42€189k€162k▼
Financial debts43€675k€676k▲
Credit institutions430/8€675k€676k▲
Trade debts44€708k€701k▼
Suppliers440/4€708k€701k▼
Taxes, remuneration and social security45€212k€280k▲
Taxes450/3€64k€960▼
Remuneration and social security454/9€148k€279k▲
Other amounts payable47/48€191k€990▼
Income statement
Code20242025
Remuneration, social security and pensions62€1.92M€2.58M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€207k€244k▲
Provisions for liabilities and charges: additions (uses and reversals)635/8€-15k-
Other operating charges640/8€15k€15k▼
Gross operating margin9900€2.41M€2.77M▲
Operating profit (loss)9901€274k€-70k▼
Financial income75/76B€25k€34k▲
Recurring financial income75€25k€34k▲
Financial charges65/66B€46k€36k▼
Recurring financial charges65€46k€36k▼
Profit (loss) for the period before taxes9903€252k€-72k▼
Income taxes67/77€52k€166▼
Profit (loss) for the period9904€200k€-73k▼
Profit (loss) for the period to be appropriated9905€200k€-73k▼
Appropriation of the result
Profit (loss) to be appropriated9906€200k€-73k▼
Transfer from equity791/2-€73k
Transfer to equity691/2€10k-
To other reserves6921€10k-
Profit to be distributed694/7€190k-
Return on contributions (dividend)694€150k-
Directors or managers695€40k-
Social balance
Average headcount (FTE)908733.041.0▲
The notes to these accounts (17 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
17-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Weakest financial yearnet €-73k ▼136%
Net result drops to €-73k, the lowest in the series.
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €200k ▲260%
Operating result €274k, net result €200k, both a record.
26-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Back to profitnet €56k
Net result €56k after 2 loss-making years.
23-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
12-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
29-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
10-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
27-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
26-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
30-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Sint-Gillis-Waas · 1 establishment unit since 1990
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.
Kluizenhof(SGW) 159170 Sint-Gillis-WaasGround area
267 m²
Building footprint
267 m²
Volume, LiDAR
1,532 m³
Parcel 46020B0322/00G000, Flanders · tallest building 9.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
BAKKERIJ THYSSEN
since 19902.050.124.494
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46020B0322/00G000 | Flanders | 267 m² | 1 · 267 m² | 9.6 m · 2 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 5 entries · 37,657 EUR awarded · 37,390 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 17,275 EUR | 17,008 EUR |
| 2024 | 2 | 15,477 EUR | 15,477 EUR |
| 2022 | 1 | 4,905 EUR | 4,905 EUR |
Schemes
Individueel Maatwerk
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
Premie kwalificerend werkplekleren
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Food safety, FASFC
1 siteSint-Gillis-Waas2.050.124.494
Dual-learning approval
2 live approvals · 5 endedMedewerker (banket)bakkerij duaal (so)
Medewerker bakkerij (vwo)
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Of 506 companies in sector 10711 we hold annual accounts for 325. 182 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded02-10-1990
Fiscal year end31-12
Activities, NACEBEL
10711Manufacture of food products
10712Artisanal bread and fresh pastry making
15811
15812
47241Retail sale of bread and pastry (bakery outlets)
52240
Sources
Crossroads Bank for EnterprisesNational Bank · 35 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.