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Generated 14-07-2026
Active BE 0782.998.252Private limited company

Bread Management

Domeinlaan 1 ·1190 Vorst, Belgium· 4 yrs active
Sector: Food manufacturing (10712)
Conclusion Checked

The computed 12-month bankruptcy probability of Bread Management is 6.6% (elevated). The 2024 annual accounts show equity of €67k and a net result of €7k. Equity is growing by ~26.2% per year across the filed fiscal years. Its solvency ranks better than 68% of 626 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 3 annual accounts.
Key figures
Equity €67k
Net result €7k
Staff (FTE) 7
Better than sector 68%
Snowflake analysis 5 axes · computed by Checked
Health62Profitability49Solvency55Growth52Stability94
62 / 100

Strong profile, led by stability.

Health 62
Profitability 49
Solvency 55
Growth 52
Stability 94
Bankruptcy probability (12 mo) Checked model v1 · free
6.6% Elevated
0%0,5%1,5%4%10%≥25%
Young company +Higher-failure-rate region +Multiple establishment units +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based
0 / 100
Low risk
Trust signals 3 signals
More than 3 years active
Founded in 2022, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad.
Administratively compliant
No FOD Economie strikeouts (UBO, accounts, address, activity).
Administrative Flags 0 events
No administrative flags
Health barometer FY 2024 · computed
62 / 100 Healthy
050100

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.
Financial overview3 NBB filings
Annual accounts filed on 12-09-2025 with the NBB · fiscal year 2024 · micro
€0€20k€40kOperating result 2022: €46k€46kNet result 2022: €35k€35kOperating result 2023: €15k€15kNet result 2023: €5k€5kOperating result 2024: €13k€13kNet result 2024: €7k€7k202220232024
Operating resultNet result
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing Equity: growth of ~26.2%/year over 3 fiscal years, indicative, assuming unchanged policy.
€25k€50k€75k€100k€125k2025: €83k (€78k - €89k)2026: €99k (€94k - €105k)2027: €115k (€110k - €120k)2022: €35k2023: €61k2024: €67k202220232024202520262027
Solid line = filed figures · dashed = extended trend · area = indicative range.
How 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).

Sector comparison
Fiscal year 2024 · NACE 10, Food manufacturing · compared within the same schema type (micro schema)
Metric This company Sector median Position in the sector
Solvency 38.4% 21.1%
better than 68% of 626 sector peers
Net result €7k €7k
better than 49% of 625 sector peers
Equity €67k €26k
better than 73% of 626 sector peers
Gross operating margin €319k €60k
better than 91% of 624 sector peers
Staff costs €266k €61k
higher than 92% of 421 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
EBITDA
€48k
-2.9% -10% vs sector
Net profit
€7k
+23.4% -73% vs sector
Cash flow
€42k
+3.9% -18% vs sector
Total assets
€175k
-7.5% -6% vs sector
Equity
€67k
+10.8% -32% vs sector
Working capital
€-20k
+64.3% far below sector median
Employees (FTE)
7
-16.7% -5% vs sector
Staff costs
€266k
+4.2% +222% vs sector
Income taxes
€3k
-59.7% -51% vs sector
Debt
€108k
-16.1% +23% vs sector
Debt ≤ 1y
€108k
-16.1% +96% vs sector
Current ratio
0.81
+46.1% -70% vs sector
Quick ratio
0.81
+46.1% -70% vs sector
Solvency
38.4%
+19.8% -30% vs sector
Debt / equity
1.61
-24.3% +92% vs sector
ROE
9.7%
+11.4% -64% vs sector
ROA
3.7%
+33.4% -75% vs sector
Interest coverage
7.09
-8.2% -31% vs sector
Figures by fiscal year
Fiscal year2024
Revenue-
EBITDA€48k
Net profit€7k
Cash flow€42k
Staff costs€266k
Income taxes-
Dividends-
Total assets€175k
Equity€67k
Debt€108k
of which ≤ 1y€108k
of which > 1y-
Working capital€-20k
Employees (FTE)7.0
Ratios (computed)
2024
Current ratio0.81
Quick ratio0.81
Working capital ratio-11.7%
Solvency38.4%
Debt / equity1.61
Long-term debt ratio-
Interest coverage7.09
Gross margin-
Net margin-
ROA3.7%
ROE9.7%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2024
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2024
Balance sheet, Assets
TOTAL ASSETS 20/58€175k
Fixed assets 21/28€88k
Tangible fixed assets 22/27€83k
Financial fixed assets 28€5k
Current assets 29/58€88k
Amounts receivable within one year 40/41€19k
Cash & bank 54/58€69k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€175k
Equity 10/15€67k
Contributions / capital 10/11€20k
Accumulated profits (losses) 14€47k
Amounts payable 17/49€108k
Amounts payable within one year 42/48€108k
Trade debts payable within one year 44€67k
Income statement
Gross operating margin 9900€319k
Operating result 9901€13k
Financial income 75€190
Financial charges 65€7k
Result before taxes 9903€7k
Net result for the period 9904€7k
Result to be appropriated 9905€7k
You're seeing the latest fiscal year only. Unlock 2 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.
Legal Structure
NACE primary Food manufacturing(10712)
Legal form Private limited company(610)
Incorporation08-03-2022
StatusActive
Postal code1190
Establishment units 3 locations
La Madeleine ...
Domeinlaan 1, 1190 VorstVervaardiging van bakkerijproducten in de vorm van deeg
since 20222.330.605.043
't Zwaantje
Lenniksebaan 94, 1701 DilbeekDetailhandel in brood en banketbakkerswerk (koude bakkers)
since 20262.387.761.502
La Charlotte Royale
Dries 49, 1170 Watermaal-BosvoordeDetailhandel in brood en banketbakkerswerk (koude bakkers)
since 20262.390.840.360
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint Source: CBE × cadastre

Parcels 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.

Flanders 1 (33.3%) Brussels 2 (66.7%)
Parcel (capakey) Region Area Buildings Height / fl.
23037C0170/00T003 Flanders 283 m² 1 · 84 m² 10.4 m · 3 fl.
21383B0020/00C020 Brussels 240 m² 1 · 177 m² 22.9 m · 6 fl.
21017D0093/00L006 Brussels 122 m² 1 · 122 m² 15.2 m · 5 fl.
Methodology
via registered seat: 1 · via establishment units: 2
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates 4 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2025
12-09-2025
NBB filing Annual accounts filed
fiscal year 2024 · micro
14-03-2025
State Gazette act Director changes
2024
14-08-2024
NBB filing Annual accounts filed
fiscal year 2023 · micro
2023
30-08-2023
NBB filing Annual accounts filed
fiscal year 2022 · micro
Belgisch Staatsblad, acts 1 acts
All acts · 1 updated 1 year ago
2025
14-03-2025 1 director appointed, 2 resigning Director changes
  • Anestis KATSIARAS, Bestuurder
  • Lara PIERRE, Bestuurder
  • Alain DE SMEDT, Bestuurder
Technical details 
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        "name": "Lara PIERRE",
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      "via_org": null,
      "statutory": null,
      "compensated": null,
      "effective_date": "2023-05-01",
      "evidence_quote": "Mme Lara PIERRE et Mr Alain DE SMEDT pr\u00E9sente leur d\u00E9mission au poste d\u0027administrateur de la soci\u00E9t\u00E9.",
      "decharge_status": null,
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    },
    {
      "kind": "director_out",
      "role": "administrateur",
      "person": {
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      "evidence_quote": "Mme Lara PIERRE et Mr Alain DE SMEDT pr\u00E9sente leur d\u00E9mission au poste d\u0027administrateur de la soci\u00E9t\u00E9.",
      "decharge_status": null,
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    },
    {
      "kind": "director_in",
      "role": "administrateur",
      "person": {
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      },
      "reason": null,
      "subkind": null,
      "via_org": null,
      "statutory": null,
      "compensated": null,
      "effective_date": "2023-05-01",
      "evidence_quote": "L\u0027assembl\u00E9e nomme Mr Anestis KATSIARAS au poste d\u0027administrateur de la soci\u00E9t\u00E9, celui-ci accepte et est nomm\u00E9 \u00E0 partir de ce 1er mai 2023 pour une dur\u00E9e illimit\u00E9e.",
      "decharge_status": null,
      "mandate_duration": {
        "kind": "indefinite",
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      },
      "rep_rotation_new_rep": null,
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    }
  ],
  "notary": {
    "name": null,
    "firm_city": null,
    "firm_name": null,
    "office_city": null,
    "is_associated": false
  },
  "act_meta": {
    "language": "fr",
    "pub_date": "2025-03-14",
    "filing_date": "2025-03-07",
    "act_kind_objet": "Objet de l\u0027acte:"
  },
  "decisions": [
    {
      "body": "algemene_vergadering",
      "date": "2023-05-04",
      "unanimous": true
    }
  ],
  "is_correction": false,
  "subject_company": {
    "kbo": "0782.998.252",
    "name_full": "BREAD MANAGEMENT",
    "legal_form": "SRL"
  },
  "publication_proxy": {
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  },
  "co_filed_documents": [],
  "corrected_publication_numac": null
}
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Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
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Company registry (CBE) Crossroads Bank
Activities
Ambachtelijke vervaardiging van brood en van vers banketbakkerswerk10712Ambachtelijke vervaardiging van brood en van vers banketbakkerswerk10712Detailhandel in brood en banketbakkerswerk in gespecialiseerde winkels (koude bakkers)47241Detailhandel in brood en banketbakkerswerk (koude bakkers)47241Detailhandel in brood en banketbakkerswerk in gespecialiseerde winkels (koude bakkers)47241Detailhandel in brood en banketbakkerswerk (koude bakkers)47241Detailhandel in chocolade en suikerwerk in gespecialiseerde winkels47242Detailhandel in chocolade en suikerwerk47242Overige detailhandel in voedingsmiddelen, neg47279Overige detailhandel in voedingsmiddelen in gespecialiseerde winkels, n.e.g.47299
Primary activity highlighted.
Names & trade names
Legal nameFR Bread Management
Registered office
Domeinlaan 1
1190 Vorst, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
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Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative