CAKE
Open bankruptcyA bankruptcy procedure is open for CAKE according to publications in the Belgian State Gazette; curator: PIETER HUYGHE.
Summary
The file additionally contains 1 interim measure and 1 judicial reorganisation. The 2023 annual accounts show equity of €209k and a net result of €-1.06M.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 03-09-2024, 34 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
34 d late
2022
4 d early
2021
97 d early
2020
85 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2023, abbreviated schema
Equity
€209k▼ 72.7%
2022 · €765k
2020: €193k
2021: €-340k
2022: €765k
2020 → 2023
Net result
€-1.06M▲ 67.9%
2022 · €-3.29M
2020: €-3.56M
2021: €-5.18M
2022: €-3.29M
2020 → 2023
Total assets
€1.92M▲ 52.3%
2022 · €1.26M
2020: €993k
2021: €856k
2022: €1.26M
2020 → 2023
Solvency
10.9%▼ 49.8pp
2022 · 60.6%
2020: 19.4%
2021: -39.7%
2022: 60.6%
2020 → 2023
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2020202120222023Trend
Equity€193k-€-340k€765k€209k▼ 72.7%
Operating result€-3.54M-€-5.15M▼ 45.5%€-3.26M▲ 36.7%€-1.02M▲ 68.9%
Net result€-3.56M-€-5.18M▼ 45.7%€-3.29M▲ 36.4%€-1.06M▲ 67.9%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €1.02M in 2023 against €3.26M in 2022; the loss shrinks.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €1.92M
Fixed assets
€7k ▼ 28.8%
Current assets
€1.91M ▲ 52.9%
Equity and liabilities €1.92M
Equity
€209k ▼ 72.7%
Debt
€1.71M ▲ 245%
Debt's share of the balance-sheet total rises from 39.4% to 89.1%. Equity is lower and debt is higher.
Key figures and ratios
ROE
-505.5%▼
2022 · -430.7%
ROA
-55.0%▲
2022 · -261.2%
Debt ≤ 1 year
€706k▲
2022 · €251k
Debt > 1 year
€1.00M
Income taxes
€378▼
2022 · €650
Staff costs
€343k▼
2022 · €498k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2023 against 2022 · 46 lines
Balance sheet
Code20222023
Assets
Total assets20/58€1.26M€1.92M▲
Fixed assets21/28€9k€7k▼
Tangible fixed assets22/27€8k€6k▼
Furniture and vehicles24€8k€6k▼
Financial fixed assets28€750€750=
Current assets29/58€1.25M€1.91M▲
Amounts receivable within one year40/41€167k€1.76M▲
Trade receivables40€48k€645k▲
Other amounts receivable41€119k€1.11M▲
Cash at bank and in hand54/58€1.06M€132k▼
Deferred charges and accrued income490/1€24k€27k▲
Equity and liabilities
Total equity and liabilities10/49€1.26M€1.92M▲
Equity10/15€765k€209k▼
Contributions10/11€12.80M€13.30M▲
Capital10€12.80M€13.30M▲
Issued capital100€12.80M€13.30M▲
Profit (loss) carried forward14€-12.04M€-13.09M▼
Amounts payable17/49€497k€1.71M▲
Amounts payable after more than one year17-€1.00M
Financial debts170/4-€1.00M
Amounts payable within one year42/48€251k€706k▲
Trade debts44€203k€226k▲
Suppliers440/4€203k€226k▲
Taxes, remuneration and social security45€41k€3k▼
Taxes450/3€2k€378▼
Remuneration and social security454/9€39k€2k▼
Other amounts payable47/48€7k€477k▲
Accrued charges and deferred income492/3€246k€6k▼
Income statement
Code20222023
Non-recurring operating income76A€825€0▼
Remuneration, social security and pensions62€498k€343k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€6k▼
Other operating charges640/8€930€3k▲
Non-recurring operating charges66A€0-
Gross operating margin9900€-2.76M€-664k▲
Operating profit (loss)9901€-3.26M€-1.02M▲
Financial income75/76B€335€58k▲
Recurring financial income75€335€58k▲
Financial charges65/66B€32k€99k▲
Recurring financial charges65€32k€99k▲
Profit (loss) for the period before taxes9903€-3.29M€-1.06M▲
Income taxes67/77€650€378▼
Profit (loss) for the period9904€-3.29M€-1.06M▲
Profit (loss) for the period to be appropriated9905€-3.29M€-1.06M▲
Appropriation of the result
Profit (loss) to be appropriated9906€-12.04M€-13.09M▼
Profit (loss) brought forward from the previous period14P€-8.74M€-12.04M▼
Social balance
Average headcount (FTE)90875.93.1▼
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
29-08
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Gent · CAKE NV OTTERGEMSE- STEENWEG-ZUID 808/203, 9000 GENT · event 25-08-2025
29-07
Interim measure
Provisional administrator
Ondernemingsrechtbank Gent
21-03
Judicial reorganisation
Opening
Ondernemingsrechtbank Gent · collectif · event 18-03-2025
2024
03-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 34 days late
2023
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Liquidity quadruplescurrent ratio 4.99
Current ratio from 1.30 to 4.99; short-term debt falls from €648k to €251k.
31-12
Financial
Equity above €500kEq €765k
Equity rises from €-340k to €765k.
25-04
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Weakest financial yearnet €-5.18M
Net result drops to €-5.18M, the lowest in the series.
07-05
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
26 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Gent · 1 establishment unit since 2019
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.
Ottergemsesteenweg-Zuid 8089000 GentGround area
3.2 ha
Building footprint
2.0 ha
Volume, LiDAR
251,951 m³
Parcel 44808H0602/00T003, Flanders · tallest building 40.8 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
CAKE
since 20192.287.138.155
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44808H0602/00T003 | Flanders | 3.2 ha | 1 · 2.0 ha | 40.8 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | PIETER HUYGHE SAVAANSTRAAT 72, 9000 GENT- |
25-08-2025 → present |
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Of 807 companies in sector 64999 we hold annual accounts for 484. 314 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded25-03-2019
Fiscal year end31-12
Activities, NACEBEL 2025
64999Other financial services
58290Other software publishing
73110Advertising agencies
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.