BISCUITERIE JULES DESTROOPER

Active

Public limited companyfounded 198441 yrs activeGravestraat 5, 8647 Lo-Reninge, BelgiumKBO/BCE: BE 0426.191.967

BISCUITERIE JULES DESTROOPER has been active since 1984 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €2.93M and a net result of €-1.20M. Equity remains stable across the filed fiscal years (±1.7% per year). Its solvency ranks better than 26% of 862 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).

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Checked score

Score 2024

43 / 100

Weak

The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability21▼-26

Solvency45▼-5

Growth67▲+1

Track record100

Bankruptcy probability, 12 months

0.7% Low

0%0.5%1.5%4%10%≥ 25%

Credit up to €120k at 30 days only on tighter terms

Liquidity tight (current ratio 1.05 against 1.25 in 2023; short-term debt: 65.9% and cash: 1.5% of total assets), and 80% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Eight signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

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 →

Multiple establishment units

Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.

KBO · establishment units

Lower-risk legal form

Companies with this legal form statistically fail less often than a BV.

KBO · legal form

Annual accounts: weaker financial profile

The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.

NBB · annual accounts 2024

Solvency, return and age of the figures

Solvency

20%

Return on assets

-8.2%

Age of the figures

21 mo

Persistent losses

Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.

NBB · annual accounts 2024

Net result per financial year

18192021222324

2018 to 2024 · latest year €-1.20M

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-06-2025, 31 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

not confirmed

2024

31 d early

2023

37 d early

2022

32 d early

2021

31 d early

2020

30 d early

2019

36 d early

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, full schema

Turnover

€44.07M▲ 7.2%

2023 · €41.09M

2018: €35.98M 2019: €34.32M 2020: €30.67M 2021: €32.68M 2022: €39.15M 2023: €41.09M

2018 → 2024

EBIT margin

-2.2%▼ 1.2pp

2023 · -0.9%

2018: -4.1% 2019: -4.6% 2020: -5.7% 2021: -1.5% 2022: -1.4% 2023: -0.9%

2018 → 2024

Net result

€-1.20M▼ 91.8%

2023 · €-628k

2018: €-1.78M 2019: €-1.88M 2020: €-1.98M 2021: €-620k 2022: €-643k 2023: €-628k

2018 → 2024

Working capital

€457k▼ 80.4%

2023 · €2.33M

2018: €7.60M 2019: €1.89M 2020: €-352k 2021: €3.33M 2022: €3.19M 2023: €2.33M

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Turnover€30.67M-€32.68M▲ 6.5%€39.15M▲ 19.8%€41.09M▲ 5.0%€44.07M▲ 7.2%

Equity€2.19M-€5.57M▲ 155%€4.81M▼ 13.5%€4.14M▼ 14.0%€2.93M▼ 29.2%

Operating result€-1.75M-€-482k▲ 72.4%€-531k▼ 10.0%€-386k▲ 27.2%€-959k▼ 148%

Net result€-1.98M-€-620k▲ 68.7%€-643k▼ 3.6%€-628k▲ 2.3%€-1.20M▼ 91.8%

Result per fiscal year

Operating resultNet result

The operating result stays negative: a loss of €959k in 2024 against €386k in 2023; the loss grows.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €14.68M

31.0%

69.0%

Fixed assets €4.55M▼ 0.5%

Current assets €10.13M▼ 13.1%

Equity and liabilities €14.69M

20.0%

79.9%

Equity €2.93M▼ 29.2%

Provisions €17k▼ 5.4%

Debt €11.74M▼ 5.1%

The debt ratio rises from 74.9% to 79.9%. Equity and debt are lower.

Key figures and ratios

2024 value · change against 2023

EBITDA

€540k▼

2023 · €1.32M

Cash flow

€295k▼

2023 · €1.08M

Solvency

20.0%▼

2023 · 25.0%

Current ratio

1.05▼

2023 · 1.25

Quick ratio

0.62▼

2023 · 0.80

Debt / equity

4.00▲

2023 · 2.99

ROE

-41.1%▼

2023 · -15.2%

ROA

-8.2%▼

2023 · -3.8%

Interest coverage

1.35▼

2023 · 4.85

Debt

€11.74M▼

2023 · €12.38M

Debt ≤ 1 year

€9.67M▲

2023 · €9.32M

Debt > 1 year

€2.06M▼

2023 · €3.05M

Income taxes

€4k▲

2023 · €4k

Staff costs

€8.84M▲

2023 · €7.74M

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€16.53M€14.69M▼

Formation expenses20€311k€11k▼

Fixed assets21/28€4.57M€4.55M▼

Intangible fixed assets21€346k€597k▲

Tangible fixed assets22/27€4.21M€3.94M▼

Land and buildings22€621k€551k▼

Plant, machinery and equipment23€2.83M€2.74M▼

Furniture and vehicles24€256k€247k▼

Leasing and similar rights25€504k€402k▼

Financial fixed assets28€10k€10k=

Other financial fixed assets284/8€10k€10k=

Amounts receivable and cash guarantees285/8€10k€10k=

Current assets29/58€11.65M€10.13M▼

Stocks and contracts in progress3€4.23M€4.09M▼

Stocks30/36€4.23M€4.09M▼

Raw materials and consumables30/31€2.53M€2.27M▼

Work in progress32€270k€259k▼

Finished goods33€1.43M€1.56M▲

Amounts receivable within one year40/41€6.92M€5.69M▼

Trade receivables40€6.39M€5.12M▼

Other amounts receivable41€523k€565k▲

Current investments50/53€3k€6k▲

Other investments51/53€3k€6k▲

Cash at bank and in hand54/58€93k€217k▲

Deferred charges and accrued income490/1€412k€126k▼

Equity and liabilities

Total equity and liabilities10/49€16.53M€14.69M▼

Equity10/15€4.14M€2.93M▼

Contributions10/11€9.35M€9.35M=

Capital10€9.35M€9.35M=

Issued capital100€9.35M€9.35M=

Revaluation surpluses12€0-

Reserves13€214k€214k=

Non-distributable reserves130/1€195k€195k=

Legal reserve130€195k€195k=

Distributable reserves133€18k€18k=

Profit (loss) carried forward14€-5.48M€-6.68M▼

Investment grants15€53k€50k▼

Provisions and deferred taxes16€18k€17k▼

Deferred taxes168€18k€17k▼

Amounts payable17/49€12.38M€11.74M▼

Amounts payable after more than one year17€3.05M€2.06M▼

Financial debts170/4€3.05M€2.06M▼

Leasing and similar obligations172€199k€0▼

Credit institutions173€2.85M€2.06M▼

Other amounts payable178/9€1k€1k=

Amounts payable within one year42/48€9.32M€9.67M▲

Current portion of amounts payable after more than one year42€1.01M€989k▼

Financial debts43€99k€0▼

Credit institutions430/8€99k€0▼

Trade debts44€6.72M€7.06M▲

Suppliers440/4€6.72M€7.06M▲

Taxes, remuneration and social security45€1.06M€1.10M▲

Taxes450/3€4k€9k▲

Remuneration and social security454/9€1.06M€1.09M▲

Other amounts payable47/48€426k€522k▲

Accrued charges and deferred income492/3€5k€6k▲

Income statement Code20232024

Operating income70/76A€43.20M€48.11M▲

Turnover70€41.09M€44.07M▲

Change in stocks of work in progress, finished goods and contracts in progress71€-513k€109k▲

Own construction capitalised72-€251k

Other operating income74€1.93M€3.68M▲

Non-recurring operating income76A€698k€0▼

Operating charges60/66A€43.59M€49.07M▲

Goods for resale, raw materials and consumables60€17.95M€21.21M▲

Purchases600/8€18.05M€21.07M▲

Change in stocks: decrease (increase)609€-93k€135k▲

Services and other goods61€16.08M€17.18M▲

Remuneration, social security and pensions62€7.74M€8.84M▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1.70M€1.50M▼

Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-71k€102k▲

Other operating charges640/8€182k€241k▲

Operating profit (loss)9901€-386k€-959k▼

Financial income75/76B€203k€282k▲

Recurring financial income75€203k€282k▲

Income from current assets751€152k€264k▲

Other financial income752/9€51k€18k▼

Financial charges65/66B€442k€523k▲

Recurring financial charges65€442k€523k▲

Debt charges650€272k€400k▲

Other financial charges652/9€170k€123k▼

Profit (loss) for the period before taxes9903€-625k€-1.20M▼

Transfer from deferred taxes780€959€959=

Income taxes67/77€4k€4k▲

Taxes670/3€4k€4k▲

Profit (loss) for the period9904€-628k€-1.20M▼

Transfer from tax-exempt reserves789€0-

Profit (loss) for the period to be appropriated9905€-628k€-1.20M▼

Appropriation of the result

Profit (loss) to be appropriated9906€-5.48M€-6.68M▼

Profit (loss) brought forward from the previous period14P€-4.85M€-5.48M▼

Social balance

Average headcount (FTE)9087134.8146.3▲

The notes to these accounts (94 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 28Financial 2Gazette 16Filings 10

2026

26-06

State Gazette act Resignations & appointments · Miscellaneous

Board meeting · Director reappointment · Permanent representative10 facts ▸

Board meeting, 2026-05-21
Director reappointment, GT & Co (gedelegeerd bestuurder)
Permanent representative, Guido Vandermarliere
Director reappointment, HUBISCO (gedelegeerd bestuurder)
Permanent representative, Wim Petermans
General meeting, 2026-06-05
Director reappointment, GT & Co (bestuurder)
Director reappointment, HUBISCO (bestuurder)
Auditor reappointment, drie boekjaren (2026-2028), 2029
Permanent representative, Tim Van Hullebusch

2025

10-12

State Gazette act Resignations & appointments

General meeting · Board meeting · Permanent representative4 facts ▸

General meeting, 2025-11-14
Board meeting, 2025-11-14
Permanent representative, Wim Petermans (vaste vertegenwoordiger)
Power of attorney, TITECA

30-06

NBB filing Annual accounts filed

fiscal year 2024 · full schema

2024

24-06

NBB filing Annual accounts filed

fiscal year 2023 · full schema

2023

01-08

State Gazette act Resignations & appointments

General meeting · Director reappointment · Permanent representative5 facts ▸

General meeting, 2023-07-04
Director reappointment, Hubisco NV (bestuurder)
Permanent representative, Ives Depoortere
Auditor reappointment, 2026-01-01, 2023-06-02
Power of attorney, Corneel Maertens

29-06

NBB filing Annual accounts filed

fiscal year 2022 · full schema

2022

30-06

NBB filing Annual accounts filed

fiscal year 2021 · full schema

2021

31-12

Financial Equity above €5MEq €5.57M ▲155%

Equity rises from €2.19M to €5.57M.

27-12

State Gazette act Capital & shares · Statutes amendment

General meeting · Capital increase · Capital4 facts ▸

General meeting, 2021-12-21
Capital increase, €4.000.000
Capital, €9.352.000
Power of attorney, Titeca Accountancy

01-07

NBB filing Annual accounts filed

fiscal year 2020 · full schema

2020

31-12

Financial Weakest financial yearnet €-1.98M

Net result drops to €-1.98M, the lowest in the series; recovery starts the following year.

09-07

State Gazette act Resignations & appointments

General meeting · Auditor reappointment2 facts ▸

General meeting, 2020-06-05
Auditor reappointment, commissaris, 3 years

25-06

NBB filing Annual accounts filed

fiscal year 2019 · full schema

11-03

State Gazette act Statutes amendment · Resignations & appointments · Miscellaneous

General meeting · Statutes amendment · Director resignation16 facts ▸

General meeting, 2020-03-03
Statutes amendment
Statutes amendment
Statutes amendment
Director resignation, VDM MANAGEMENT (bestuurder)
Director discharge, VDM MANAGEMENT
Director appointment, GT & Co (bestuurder)
Permanent representative, VANDERMARLIERE Guido
Director reappointment, HUBISCO (bestuurder)
Permanent representative, DEPOORTERE Ives
Capital, €5.352.000
Corporate purpose, De produktie, de verkoop, en het vervoer van voedingswaren, meer in het bijzonder van lukken, amandelbroodjes, wafeltjes, koekjes, deegwaren, aanverwante produk…
+4 further facts in this act

02-01

State Gazette act Capital & shares · Statutes amendment

General meeting · Capital increase · Bank account5 facts ▸

General meeting, 2019-12-30
Capital increase, €3.400.000
Bank account, BNP Paribas Fortis te Kortrijk, Waterpoort 1
Capital, €5.352.000
Power of attorney, Fibo-Consult Fiduciaire

2019

24-06

NBB filing Annual accounts filed

fiscal year 2018 · full schema

23-05

State Gazette act Resignations & appointments

General meeting · Permanent representative3 facts ▸

General meeting, 2019-05-02
Permanent representative, Emmanuel Blomme (vaste vertegenwoordiger)
Permanent representative, Ives Depoortere (vaste vertegenwoordiger)

2018

12-07

NBB filing Annual accounts filed

fiscal year 2017 · full schema

2017

18-10

State Gazette act Resignations & appointments

General meeting · Auditor appointment2 facts ▸

General meeting, 2017-08-25
Auditor appointment, Figurad Bedrijfsrevisoren (commissaris)

19-07

NBB filing Annual accounts filed

fiscal year 2016 · full schema

2016

03-11

State Gazette act Resignations & appointments

General meeting · Director resignation · Director appointment13 facts ▸

General meeting, 2016-10-04
Director resignation, Guido Vandermarliere (bestuurder)
Director resignation, Marie-Thérèse Malysse (bestuurder)
Director resignation, BLOOMM BVBA (bestuurder)
Director appointment, VDM Management BVBA (bestuurder)
Director appointment, Hubisco NV (bestuurder)
Permanent representative, Guido Vandermarliere
Permanent representative, BLOOMM BVBA
Permanent representative, Emmanuel Blomme
Board meeting, 2016-10-04
Director resignation, Guido Vandermarliere (gedelegeerd bestuurder)
Director appointment, Hubisco NV (gedelegeerd bestuurder)
+1 further facts in this act

18-07

NBB filing Annual accounts filed

fiscal year 2015 · full schema

2015

01-06

State Gazette act Resignations & appointments

General meeting · Director resignation · Director appointment10 facts ▸

General meeting, 2015-04-27
Director resignation, P.D.S. Comm.VA (bestuurder)
Director resignation, Hubisco NV (bestuurder)
Director resignation, DYser BVBA (bestuurder)
Director appointment, Guido Vandermarliere (bestuurder)
Director appointment, Marie-Thérèse Malysse (bestuurder)
Director appointment, Bloomm BVBA (bestuurder)
Board meeting, 2015-04-27
Director resignation, Hubisco NV (gedelegeerd bestuurder)
Director appointment, Guido Vandermarliere (gedelegeerd bestuurder)

24-03

State Gazette act Resignations & appointments

Permanent representative1 fact ▸

Permanent representative, Henk Vandorpe

2014

14-10

State Gazette act Resignations & appointments

General meeting · Auditor reappointment · Permanent representative5 facts ▸

General meeting, 2014-07-04
Auditor reappointment, 3 years, na de algemene vergadering der aandeelhouders die de rekeningen van het boekjaar afgesloten per 31 december 2016 vaststelt
Permanent representative, Patrick Van Bourgognie
Mandate compensation, KPMG Vias
Permanent representative, Tim Van Hullebusch

31-07

State Gazette act Resignations & appointments

General meeting · Director reappointment · Permanent representative10 facts ▸

General meeting, 2014-07-04
Director reappointment, Yser BVBA (bestuurder)
Permanent representative, Peter Destrooper
Director reappointment, P.D.S. Comm.VA (bestuurder)
Permanent representative, Patriek Destrooper
Director reappointment, Hubisco NV (bestuurder)
Permanent representative, Peter Destrooper
Auditor reappointment, 3 jaar, na de algemene vergadering der aandeelhouders die de rekeningen van het boekjaar afgesloten per 31 december 2016 vaststelt
Permanent representative, Patrick Van Bourgognie
Mandate compensation, KPMG Vias

2011

27-07

State Gazette act Resignations & appointments

General meeting · Auditor reappointment · Permanent representative3 facts ▸

General meeting, 2011-06-25
Auditor reappointment, 3 jaren, na de algemene vergadering der aandeelhouders die de rekeningen van het boekjaar 2013 vaststelt
Permanent representative, Patrick Van Bourgognie

2005

03-08

State Gazette act Resignations & appointments

General meeting · Auditor reappointment · Permanent representative3 facts ▸

General meeting, 2005-06-04
Auditor reappointment, commissaris, tot na de jaarvergadering van 2008
Permanent representative, Peter Destrooper

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

12 directors, no change since 2026

GT & Co

Director · since 03-03-2020 · Private limited company · perm. rep.: Guido Vandermarliere

Current

HUBISCO

Director · since 04-10-2016 · Public limited company · perm. rep.: Ives Depoortere

Current

HUBISCO

Managing director · since 03-03-2020 · Legal entity · perm. rep.: DEPOORTERE Ives

Not recently confirmed

P.D.S.

Director · Public limited company · perm. rep.: Patriek Destrooper

Not recently confirmed

YSER

Director · Private limited company · perm. rep.: Peter Destrooper

Not recently confirmed

05-06-2026 GT & Co: Mandate renewed as Director

05-06-2026 HUBISCO: Mandate renewed as Director

21-05-2026 GT & Co: Mandate renewed as Managing director

21-05-2026 HUBISCO: Mandate renewed as Managing director

03-06-2022 HUBISCO: Mandate renewed as Director

03-03-2020 GT & Co: Appointed as Managing director

03-03-2020 GT & Co: Appointed as Director

03-03-2020 GT & Co: Appointed as Voorzitter van de raad van bestuur

03-03-2020 HUBISCO: Appointed as Managing director

03-03-2020 VDM Management: Resigned as Director

04-10-2016 HUBISCO: Appointed as Director

04-10-2016 HUBISCO: Appointed as Managing director

04-10-2016 VDM Management: Appointed as Director

04-10-2016 VDM Management: Appointed as Managing director

04-10-2016 BVBA Bloomm: Resigned as Director

04-10-2016 Marie-Thérèse Malysse: Resigned as Director

04-10-2016 VANDERMARLIERE Guido: Resigned as Director

04-10-2016 VANDERMARLIERE Guido: Resigned as Managing director

27-04-2015 BVBA Bloomm: Appointed as Director

27-04-2015 Marie-Thérèse Malysse: Appointed as Director

27-04-2015 VANDERMARLIERE Guido: Appointed as Managing director

27-04-2015 VANDERMARLIERE Guido: Appointed as Director

27-04-2015 DYser BVBA: Resigned as Director

27-04-2015 NV HUBISCO: Resigned as Director

+ 2 not shown in this overview

Location & real-estate footprint

Registered office, Lo-Reninge · 2 establishment units since 1984

establishment All 2 establishment units on the map

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.

Gravestraat 58647 Lo-Reninge

Ground area

2.5 ha

Building footprint

1.1 ha

Volume, LiDAR

95,260 m³

2 parcels, Flanders · tallest building 13.0 m, ±2 floors. Linked by address, not a title deed.

2 establishment units

BISCUITERIE JULES DESTROOPER

Gravestraat 5, 8647 Lo-ReningeNACE 15820

since 19842.025.441.954

BISCUITERIE JULES DESTROOPER

Zwaanhofweg 20, 8900 IeperNACE 15820

since 20072.159.349.365

2 parcels

Flanders 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
33305B1021/00Y000	Flanders	1.7 ha	1 · 1.1 ha	13.0 m · 2 fl.
32014C0525/00P000	Flanders	8,683 m²	1 · 20 m²	8.5 m · 2 fl.

Linked by address, not proof of ownership

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.

Statutory auditor

5 auditors

FiguradCurrent

Auditor · represented by Tim Van Hullebusch

05-06-2026 → present

Show 4 earlier auditors

BVBA POUSEELE B & C°, BEDRIJFSREVISOREN Statutory auditor succeeded by KPMG Vias in 2014	04-06-2005 → 04-07-2014
FIGURAD BEDRIJFSREVISOREN Statutory auditor succeeded by Figurad Bedrijfsrevisoren bv in 2023	25-08-2017 → 02-06-2023
Figurad Bedrijfsrevisoren bv Auditor succeeded by Figurad in 2026	02-06-2023 → 05-06-2026
KPMG Vias Auditor succeeded by FIGURAD BEDRIJFSREVISOREN in 2017	04-07-2014 → 25-08-2017