Summary
Conclusion
the dossier summarised in one paragraphThe computed 12-month bankruptcy probability of Bread 24 is 1.1% (low). The 2023 annual accounts show negative equity (€-32k) and a net result of €235. Equity remains stable across the filed fiscal years (±1.8% per year). The company has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals.
Based on the State Gazette, CBE and 6 annual accounts.
Bankruptcy probability (12 mo)
Checked model v1 · free for everyoneStatistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
Filing behaviour
From the deposit records, complete market-wide| Year closed | Due by | Filed | Variance | Reference |
|---|---|---|---|---|
| 31-12-2025 | 31-07-2026 | nothing on record | not confirmed | - |
| 31-12-2024 | 31-07-2025 | nothing on record | not filed | - |
| 31-12-2023 | 31-07-2024 | 27-08-2024 | 27 d late | 2024-00374330 |
| 31-12-2022 | 31-07-2023 | 31-08-2023 | 31 d late | 2023-00385199 |
| 31-12-2021 | 31-07-2022 | 31-08-2022 | 31 d late | 2022-20370836 |
| 31-12-2020 | 31-07-2021 | 29-09-2021 | 60 d late | 2021-69200498 |
| 31-12-2019 | 31-07-2020 | 30-11-2020 | 122 d late | 2020-72600480 |
| 31-12-2018 | 31-07-2019 | 30-09-2019 | 61 d late | 2019-66400442 |
| 31-12-2017 | 31-07-2018 | 27-09-2018 | 58 d late | 2018-64900119 |
| 31-12-2016 | 31-07-2017 | 29-09-2017 | 60 d late | 2017-63700361 |
| 31-12-2014 | 31-07-2015 | 29-09-2015 | 60 d late | 2015-60400097 |
Source: the National Bank's deposit records, as we have ingested them. NOTE: our copy has a gap across June to August 2026, missing roughly 220,000 deposits; for July we hold 15,605 of about 137,000 expected. A year whose deadline falls in that window shows as not confirmed, not as not filed. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.
Trust signals
2 signalsAdministrative Flags
Financials
Annual accounts & ratios
Source: NBB · 2023How 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).
Show 4 other metrics
| Fiscal year | 2023 |
|---|---|
| Deposit | micro |
| Revenue | - |
| EBITDA | - |
| Net profit | €235 |
| Cash flow | - |
| Staff costs | - |
| Income taxes | - |
| Dividends | - |
| Total assets | €44k |
| Equity | €-32k |
| Debt | €76k |
| of which ≤ 1y | €76k |
| of which > 1y | - |
| Working capital | €-32k |
| Employees (FTE) | - |
| 2023 | |
|---|---|
| Current ratio | 0.58 |
| Quick ratio | 0.58 |
| Working capital ratio | -73.6% |
| Solvency | -73.6% |
| Debt / equity | -2.36 |
| Long-term debt ratio | - |
| Interest coverage | - |
| Gross margin | - |
| Net margin | - |
| ROA | 0.5% |
| ROE | -0.7% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Full annual accounts (15 line items)
| Line item | Code | 2023 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €44k |
| Current assets | 29/58 | €44k |
| Amounts receivable within one year | 40/41 | €44k |
| Cash & bank | 54/58 | €156 |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €44k |
| Equity | 10/15 | €-32k |
| Contributions / capital | 10/11 | €6k |
| Accumulated profits (losses) | 14 | €-39k |
| Amounts payable | 17/49 | €76k |
| Amounts payable within one year | 42/48 | €76k |
| Income statement | ||
| Gross operating margin | 9900 | €235 |
| Operating result | 9901 | €235 |
| Result before taxes | 9903 | €235 |
| Net result for the period | 9904 | €235 |
| Result to be appropriated | 9905 | €235 |
Health barometer
FY 2023 · computedThe full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.
See plans →Structure & network
Locations & real estate
Registered office
on the map · from the address registerEstablishment units
1 locationReal-estate footprint
Source: CBE × cadastre · address linkingParcels 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.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23602H0263/00F000 | Flanders | 252 m² | 1 · 240 m² | 10.2 m · 3 fl. |
| 23060B0677/03N000 | Flanders | 207 m² | 1 · 206 m² | 10.3 m · 3 fl. |
Publications
Lifecycle & Insolvency Signals
Belgisch Staatsblad · acts
1 act16-02-2024 Registered office moved
Analysis
Financial profile
5 of 5 axes measuredFragile profile, watch profitability in particular.
All 5 axes are computed from data Checked has read.
Credit advice
verdict per customer and amountCompany registry
Company registry (CBE)
Crossroads Bank| Legal nameNL | Bread 24 |