BarLeCake
ActiveFrom the official registers: KBO 1 annual account at the National Bank publications in the Belgian Official Gazette
Summary
BarLeCake has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €87,131 and a net result of €84,131. Its solvency ranks better than 73% of 1,899 sector peers (NACE 10, financial year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Overview
Official details
KBO- Status
- Active since 10-09-2024 Normal situation
- Legal form
- Private limited company
- Registered office
- Twaalfmaandenstraat 5, 2000 Antwerpen
- Activity
- Manufacture of rusks, biscuits and preserved pastry goods NACE 10720and 6 others
- Establishment units
- 3 establishment units
- Financial year end
- 31 December
- Peppol
- Reachable since 22-04-2025
Who decides
Board
- Belhadj, OuardaDirector · since 12-09-2024
- El Mokkadem, AzadenDirector · since 12-09-2024
How it is doing
- Bankruptcy probabilitywithin 12 months
- 0.7%
Annual accounts 2025
- Gross margin
- €233,786
- Turnover
- ≈ €590,000
- estimated
- Profit
- €84,131
- Equity
- €87,131
- Total assets
- €152,116
- Staff
- ≈ 3 FTE
- estimated
2025 accounts 8 days early
Filed on 23-07-2026at the National Bank
Why 71raises riskFounded in 2024Sector: Manufacture of food products (NACE 10)lowers riskLiquidity: current ratio 1.47, cash €78,612Equity €87,131 (57.3% of total assets)Show the evidence
Checked score
Score 2025
71
/ 100
Healthy
Probability in this band: 0.55% to 1.5%
Financially better than 84% of its sector peers (NACE 10, micro)
Financial strength
Strong
Solvency
82
equity 57.3% of total assets
Liquidity
80
short-term debt 42.7% · cash 51.7%
Profitability
100
return on assets 55.3%
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
About 7 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
10-2025: 4.1%
11-2025: 4.2%▲ +0.1 percentage points vs 10-2025
12-2025: 4.2%● unchanged vs 11-2025
01-2026: 4.7%▲ +0.5 percentage points vs 12-2025
02-2026: 4.8%▲ +0.1 percentage points vs 01-2026
03-2026: 5.2%▲ +0.4 percentage points vs 02-2026
04-2026: 5.7%▲ +0.5 percentage points vs 03-2026highest value
05-2026: 5.6%▼ -0.1 percentage points vs 04-2026
06-2026: 5.5%▼ -0.1 percentage points vs 05-2026
07-2026: 5.5%● unchanged vs 06-2026
08-2026: 0.7%▼ -4.8 percentage points vs 07-2026lowest value
09-2026: 0.7%● unchanged vs 08-2026
10-2026: 0.7%● unchanged vs 09-2026
Credit of up to €6,000 on 30-day terms, only on tighter conditions: young company (under 3 years) without a track record
Liquidity tight (current ratio 1.47, below the usual 1.5; short-term debt: 42.7% and cash: 51.7% of total assets), and 42.7% of the assets are financed with debt and provisions.
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 10, micro): better than 72% on solvency, 83% on liquidity and 95% on profitability.
The bankruptcy probability was computed on 31-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
Five signals.
lowers riskraises riskneutral
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 23-07-2026, 8 days ahead of the deadline.
NBB · 1 filingDeviation from the deadline
2025
8 days early
← before the deadline
after the deadline →
Searched, nothing found (1)
Financials · financial year 2025, micro format
Latest annual accounts filed
Annual accounts 2025
- Financial year ended
- 31-12-2025
- Filed on
- 23-07-2026
- Format
- micro format
- Reference
- 2026-00337726
Turnover
≈ €590,000
Estimated: probably between €390,000 and €900,000
Total assets
€152,116
Net result
€84,131
Working capital
€30,864
Turnover and EBIT margin not published: the micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
Assets €152,116
Fixed assets
€56,266
Current assets
€95,849
Equity and liabilities €152,116
Equity
€87,131
Debt
€64,985
Debt finances 42.7% of the balance-sheet total.
Key figures and ratios
EBITDA
€113,753
Cash flow
€88,650
Current ratio
1.47
Quick ratio
1.44
Debt to equity
0.75
ROE
96.6%
ROA
55.3%
Interest coverage
over 100
Debt ≤ 1 year
€64,985
Income taxes
€25,382
Staff costs
€116,936
Peer companies
Historical observationOf the 39,278 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 95.9% are still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.8%
went bankrupt
2.3%
stopped otherwise
95.9%
still going
For this company itself Checked computes a bankruptcy probability of 0.7% 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 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 39,278 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
| Line | 2025 |
|---|---|
| Remuneration, social security and pensions62 | €116,936 |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,519 |
| Other operating charges640/8 | €3,097 |
| Gross operating margin9900 | €233,786 |
| Operating profit (loss)9901 | €109,234 |
| Financial income75/76B | €825 |
| Recurring financial income75 | €825 |
| Financial charges65/66B | €547 |
| Recurring financial charges65 | €547 |
| Profit (loss) for the period before taxes9903 | €109,513 |
| Income taxes67/77 | €25,382 |
| Profit (loss) for the period9904 | €84,131 |
| Profit (loss) for the period to be appropriated9905 | €84,131 |
| Line | 2025 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €152,116 | |
| Fixed assets21/28 | €56,266 | |
| Intangible fixed assets21 | €415 | |
| Tangible fixed assets22/27 | €53,851 | |
| Plant, machinery and equipment23 | €2,766 | |
| Furniture and vehicles24 | €2,149 | |
| Other tangible fixed assets26 | €48,937 | |
| Financial fixed assets28 | €2,000 | |
| Current assets29/58 | €95,849 | |
| Stocks and contracts in progress3 | €2,159 | |
| Stocks30/36 | €2,159 | |
| Amounts receivable within one year40/41 | €14,470 | |
| Trade receivables40 | €14,470 | |
| Cash at bank and in hand54/58 | €78,612 | |
| Deferred charges and accrued income490/1 | €609 | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €152,116 | |
| Equity10/15 | €87,131 | |
| Contributions10/11 | €3,000 | |
| Profit (loss) carried forward14 | €84,131 | |
| Amounts payable17/49 | €64,985 | |
| Amounts payable within one year42/48 | €64,985 | |
| Trade debts44 | €13,995 | |
| Suppliers440/4 | €13,995 | |
| Taxes, remuneration and social security45 | €44,639 | |
| Taxes450/3 | €26,878 | |
| Remuneration and social security454/9 | €17,761 | |
| Other amounts payable47/48 | €6,351 | |
| Line | 2025 |
|---|---|
| Profit (loss) for the period9904 | €84,131 |
| + Depreciation and write-downs630 | €4,519 |
| Operating cash flow (approximation) | €88,650 |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (1)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 23-07-2026 | 2026-00337726 | NBB |
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Of the 437 active companies whose main activity is manufacture of rusks, biscuits and preserved pastry goods (NACE 10720), figures are known for 142. 85 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Mandate history
2 people, 2 in office
- Board
| Name | Functions and periods |
|---|---|
| Belhadj, Ouarda |
|
| El Mokkadem, Azaden |
|
How the board is organised
- Who signsWho may bind the company towards others, for example by signing a contract.
- “worden na goedkeuring ondertekend door alle leden. Bevoegdheid. De bestuurder(s) of het college van bestuurders zijn bevoegd om alle…”
- Board ruleHow the board is made up, meets and takes decisions.
- “Bepaalde of onbepaalde duur; bij gebreke aan bepaling van de duurtijd geacht voor onbepaalde duur te zijn benoemd, 1”“Alle handelingen te verrichten die nodig of dienstig zijn tot verwezenlijking van het voorwerp van de vennootschap, behoudens die waarvoor…”“Algemene vergadering beslist of het mandaat van de bestuurders al dan niet ten kosteloze titel wordt uitgeoefend”1 more provision on this in the deed
Articles of association, deed of 12-09-2024
Owners and capital
Capital and shareholders
Shareholders according to the deeds
At incorporation
act of 12-09-2024 ↗
- El Mokkadem, Azaden founder
- Belhadj, Ouarda founder
Capital over the years
- 12-09-2024 Incorporation · €3,000
Shares according to the articles of association
Capital, shares and profit
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- One provision in the deed
- Profit allocationHow profit is distributed; a BV may only pay out after a balance-sheet and liquidity test.
- One provision in the deed
Other provisionsRules from the articles on subjects other than the board, the shares, the purpose and the meetings.
Articles of association, deed of 12-09-2024 (in Dutch)
Group and network
Connections & network
2 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
Director
Shareholding
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History
Acts, filings and financial milestones
2026
23-07
financial year 2025 · micro format
2024
12-09
Gazette deed
IncorporationAppointments: El Mokkadem, Azaden (director) and Belhadj, Ouarda (director) · Founder · Registered office clause8 facts ▸
Gazette deed
Incorporation
Appointments: El Mokkadem, Azaden (director) and Belhadj, Ouarda (director) · Founder · Registered office clause8 facts ▸
- Incorporation, 09-09-2024
- Founder, El Mokkadem, Azaden
- Founder, Belhadj, Ouarda
- Registered office clause, “Twaalfmaandenstraat 5, 2000 Antwerpen” (deed in Dutch)
- Board rule, 2
- Director appointment, El Mokkadem, Azaden (director)
- Director appointment, Belhadj, Ouarda (director)
- Founding capital, €3,000
Gazette deedNBB filing
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
Register details
Who it is
KBO recordName
BarLeCake in Dutch
Enterprise number
1013.368.601
Legal form
Private limited company
Status
Active, normale toestand
Founded
10-09-2024
Type
Legal entity
Where it is based
Registered office
Twaalfmaandenstraat 5, 2000 Antwerpen, Belgium
Establishments
3 establishment units since 2024
What it does
NACEBEL 202510712
Artisanal bread and fresh pastry making main activity
10720
Manufacture of rusks, biscuits and preserved pastry goods main activity
47279
Other retail sale of food
56210
Event catering
62200
Computer consultancy and computer facilities management
93299
Other amusement and recreation activities
95100
Repair and maintenance of computers and communication equipment
Invoicing and payment
VAT number
BE 1013.368.601
Financial year and general meeting
Accounts at the NBBFinancial year end
31-12
Scores and ratios are computed by Checked and are not a credit decision.
Purpose, financial year and meetings according to the articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “De aankoop, verkoop, detailhandel, import, export, productie, distributie, commercialisering, het fabriceren, het ontwerpen, de bereiding en…”
25 activities
- De aankoop, verkoop, detailhandel, import, export, productie, distributie, commercialisering, het fabriceren, het ontwerpen, de bereiding en handel in het algemeen, in producten die verband houden met de bakkerij, banketbakkerij, beschuiten, koekjes, snoepgoed, versnaperingen, fijne vleeswaren, koude schotels en belegde broodjes en alle andere voedingswaren in de ruimste zin van het woord.
- Het plaatsen en vullen van broodautomaten.
- De uitbating, het beheer en de inrichting van drankgelegenheden, verbruikssalons, cafés, tavernes, clubs, bars, tea-rooms, restaurants, hotels, traiteurdiensten, alsook het inrichten van banketten, feestelijkheden en de verhuring van feestzalen, de bereiding en de handel, import en export van alle mogelijke koude en warme gerechten, dranken, gebak en confiserie, vlees- en viswaren, ijs en rookwaren en alle aanverwante artikelen.
- Ontwerp en programmeren van computerprogramma’s
- Het verlenen van adviezen van financiële, technisch, commerciële of administratieve aard; in de ruimste zin, bijstand en diensten verlenen, rechtstreeks of onrechtstreeks op het vlak van ICT, zowel computer, hardware als software. Zoals onder andere configuratie en toepassing van programmatuur.
- Beheer van computerfaciliteiten.
- Overige diensten op het gebied van informatietechnologie en computer.
- Gegevensverwerking, webhosting en aanverwante activiteiten.
- Webportalen.
- Onderhoud en reparatie van computers en randapparatuur.
- Overige dienstverlenende activiteiten op het gebied van informatie.
- Technisch, operationeel en functioneel beheer van IT omgeving.
- Managen van de derde partijen, waaronder bijvoorbeeld applicatie en hardware leveranciers.
- IT-strategie opmaken en budget prognose en bewaking.
- Digitaliseren en automatiseren van bedrijfsprocessen.
- Opmaken en implementeren van securitybeleid.
- Het vervaardigen, ontwerpen, openen, beheren en commercialiseren van een webshop en soortgelijke onlineplatforms, alsmede de online marketingcommunicatie hiervan en alle mogelijke commerciële activiteiten hieraan verbonden.
- Het organiseren van helpdesk en controlecentrum en het leveren van advies op afstand.
- Het online aan- en verkopen via internet of via webshop van goederen en diensten, in de meest brede zin te interpreteren.
- Het beheren en ontwerpen van websites.
- Het verwerken van alle gegevens die ter kennis komen van de vennootschap via webshop, onlineplatformen en via eender welke andere vorm van gegevensdoorstroming;
- Alle activiteiten in verband met e-commerce.
- Maken van foto’s voor bedrijven en particulieren: portretfotografie, mode- en reclamefotografie, fotografie voor uitgeverijen, toeristische doeleinden, bemiddelaars in onroerende goederen, enzovoort.
- Maken van videoreportages over onder andere huwelijken.
- Bieden van overig amusement, zoals circussen, poppentheater, rodeo’s, klank- en lichtspelen, enzovoort.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- BarLeCake
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaamse Gewest”
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- 15 June at 18:00
- Meeting accessWho may attend the meeting and what is needed to be admitted.
- “Indien enkel de stemrechten geschorst zijn, mag hij nog steeds deelnemen aan de algemene vergadering, maar zonder te kunnen deelnemen aan de…”
Articles of association, deed of 12-09-2024 (in Dutch)
Recognitions · licences · registrations
Food safety, FASFC
3 sitesSint-Niklaasunit no. 2.387.477.232
Antwerpenunit no. 2.365.721.815
Antwerpenunit no. 2.365.721.716
Environmental permits: No permit applications found in Flanders.
Sites & property
Registered office and establishments
3 establishment units
BarLeCake
since 2024unit no. 2.365.721.716
BarLeCake
since 2024unit no. 2.365.721.815
BarLeCake
since 2026unit no. 2.387.477.232
Buildings and parcels at the addresses
Ground area
578 m²
Building footprint
586 m²
Building volume
1,656 m³
3 parcels, Flanders · tallest building 19.8 m.
3 parcels
Flanders
3
(100%)
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 11313B0933/00Y005 | Flanders | 365 m² | 1 · 365 m² | - |
| 46443E0363/00T002 | Flanders | 174 m² | 1 · 182 m² | 14.7 m · 1 |
| 11803C1517/00_000 | Flanders | 39 m² | 1 · 39 m² | 19.8 m · 5 |