Equity
-€238
Debts exceed assets in financial year 2025.
BREAD AND OLIVES
Lifetime
3 annual accounts with figures on one time axispeak €7,837 (2023)
-€9,843▼ €3,946
lowest -€11,434 (2025)
-€11,434▼ €4,882
peak €17,749 (2023)
-€238▼ €11,434
€308▼ 90.2%
Board1 name since 2022
1 directorTHOMANIKOU Eirini Maria
Documentsfilings and deeds
30-08-202630 days late
2025micro format
Gross margin from -€5,897 to -€9,843Loss of €11,434Equity from €11,196 to -€238Debts from €3,154 to €308Cash from €1,964 to €1
Key points
from the 2025 annual accountsLosses
-€17,987 in two years
The 2024 and 2025 financial years closed with a loss. 2025 was the heaviest.
Filings
3 annual accounts 3 late
The 2025 accounts came latest: 30 days after the end of the period.
Turnover not published (micro format)
Checked score
35
Weak
Financially stronger than 7% of micro companies in food and beverage service (NACE 56)
Probability in this band: 4.2% to 15.0%
Bankruptcy probability within 12 months
4.7% Elevated
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 1.8% across 23,788 companies (NACE 56, micro).
About 5 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.5%
01-2025: 1.5%● unchanged vs 12-2024lowest value
02-2025: 1.5%● unchanged vs 01-2025
03-2025: 1.5%● unchanged vs 02-2025
04-2025: 1.6%▲ +0.1 percentage points vs 03-2025
05-2025: 1.6%● unchanged vs 04-2025
06-2025: 1.6%● unchanged vs 05-2025
07-2025: 1.8%▲ +0.2 percentage points vs 06-2025
08-2025: 2.3%▲ +0.5 percentage points vs 07-2025
09-2025: 2.4%▲ +0.1 percentage points vs 08-2025
10-2025: 2.4%● unchanged vs 09-2025
11-2025: 2.4%● unchanged vs 10-2025
12-2025: 2.4%● unchanged vs 11-2025
01-2026: 2.4%● unchanged vs 12-2025
02-2026: 2.5%▲ +0.1 percentage points vs 01-2026
03-2026: 2.4%▼ -0.1 percentage points vs 02-2026
04-2026: 2.1%▼ -0.3 percentage points vs 03-2026
05-2026: 2.1%● unchanged vs 04-2026
06-2026: 2.1%● unchanged vs 05-2026
07-2026: 2.3%▲ +0.2 percentage points vs 06-2026
08-2026: 2.9%▲ +0.6 percentage points vs 07-2026
09-2026: 4.7%▲ +1.8 percentage points vs 08-2026
10-2026: 4.7%● unchanged vs 09-2026
11-2026: 4.7%● unchanged vs 10-2026highest value
Financial strengthWeak
Score breakdown
raises risk
Sector: Food and beverage service activities (NACE 56)
Founded in 2022
Negative equity -€238
lowers risk
Size: total assets €69
Calculation
The band follows from the bankruptcy probability. 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 56, micro). It does better than 9% of them on solvency, 3% on liquidity, 8% on profitability and 7% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the elevated class on 30-06-2025, 6.3% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 7,639 companies had the same profile as BREAD AND OLIVES has now. Each dot stands for 20 companies, two years later.
84.8%
were still trading
5.6%
stopped another way
8.8%
went bankrupt
Another 0.8% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of BREAD AND OLIVES itself: 4.7% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 7,639 companies, not a prediction for BREAD AND OLIVES. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
No credit on open account
The balance sheet total is too small for a liquidity verdict. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
232425
2023 to 2025 · latest year -€238
raises risk · 2025 accounts filed 30 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-08-2026, 30 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 3 filingsDeviation from the deadline
2025
30 days late
2024
20 days late
2023
15 days late
← before the deadline
after the deadline →
tick = median of all Belgian filings
The company filed its last 3 accounts on average 22 days after the deadline. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 20 August (3 of the last 3 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- THOMANIKOU Eirini Maria 40 sharesdeed of 25-07-2022
- THOMANIKOU Mimoza 30 sharesdeed of 25-07-2022
- THOMANIKOU Ilirian 30 sharesdeed of 25-07-2022
Recent changes
First establishment
Rijkendalstraat 55, Grimbergen
Incorporation
Founding capital of €15,000, 100 shares · Founders: THOMANIKOU Eirini Maria, THOMANIKOU Mimoza and THOMANIKOU Ilirian · Appointment: THOMANIKOU Eirini Maria (director) · published on 25-07-2022 · Gazette deed
Official details
Source: KBO- Status
- Active since 21-07-2022Normal situation
- Activity
- “Alle activiteiten die rechtstreeks of onrechtstreeks betrekking hebben op de restauratie in het algemeen…” (deed in Dutch)From the articles, 3 activitiesNo NACE code in the KBO yet
- Establishment unit
- 2.334.950.0491853 Grimbergen, since 01-09-2022
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Insights on BREAD AND OLIVES
BREAD AND OLIVES files the micro format. That format states no turnover. The gross margin fell from €7,837 in 2023 to -€9,843 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about BREAD AND OLIVES
- What is the company number of BREAD AND OLIVES?
- The company number of BREAD AND OLIVES is 0788.804.790. The VAT number is the same number with BE in front: BE 0788.804.790.
- Where is BREAD AND OLIVES based?
- The registered office is at Rijkendalstraat 55, 1853 Grimbergen.Company details
- What is the legal form of BREAD AND OLIVES?
- BREAD AND OLIVES is a private limited company (BV).
- When was BREAD AND OLIVES founded?
- BREAD AND OLIVES was founded on 21-07-2022.
- Is BREAD AND OLIVES still active?
- Yes, BREAD AND OLIVES is an active enterprise in the KBO register.
- What is the turnover of BREAD AND OLIVES?
- The annual accounts for financial year 2025 state no turnover. The micro format does not require it.Financials
- Is BREAD AND OLIVES profitable?
- In financial year 2025, BREAD AND OLIVES made a loss of €11,434.
- Where can I find the annual accounts of BREAD AND OLIVES?
- BREAD AND OLIVES filed 3 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of BREAD AND OLIVES due?
- BREAD AND OLIVES must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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