Catberry
ActiveSummary
The computed 12-month bankruptcy probability of Catberry is 2.5% (moderate). The 2025 annual accounts show negative equity (-€18,985) and a net result of €17,699. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 16% of 1576 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability85▲+39
Solvency11▲+11
Growth58▲+26
Track record94
Bankruptcy probability, 12 months
2.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.51 against 0.3 in 2024; short-term debt: 70.5% and cash: 17.3% of total assets), and equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · 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
Manufacture of food products (NACE 10)
about 60% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · 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 2025Solvency, return and age of the figures
Solvency
-14.3%
Return on assets
13.3%
Age of the figures
15 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 1576 sector peers (2025).
NBB · sector comparisonPosition among 1576 sector peers
Solvency
better than 16%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 28-01-2026, 3 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
3 d early
2024
1 d early
2023
6 d early
2022
10 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 5 days before the deadline; the sector median for financial year 2024 is 5 days before the deadline, and 38% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 27 January (4 of the last 4 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close29-09-2026 today31-01-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Public money How does this company compare with its sector?Sector benchmark
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
-€18,985▲ 48.2%
2024 · -€36,684
Total assets
€132,604▼ 2.2%
2024 · €135,565
Net result
€17,699
2024 · -€8,856
Working capital
-€46,093▲ 31.8%
2024 · -€67,573
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 10, Manufacture of food products, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2022202320242025
Operating result€11,117--€36,848-€5,420▲ 85.3%€21,991
Net result€9,321within the sector's middle half--€39,149below the sector's middle half-€8,856below the sector's middle half▲ 77.4%€17,699within the sector's middle half
Equity€11,321within the sector's middle half--€27,828below the sector's middle half-€36,684below the sector's middle half▼ 31.8%-€18,985below the sector's middle half▲ 48.2%
Total assets€95,636within the sector's middle half-€147,039within the sector's middle half▲ 53.7%€135,565within the sector's middle half▼ 7.8%€132,604within the sector's middle half▼ 2.2%
Debt€84,315-€174,867▲ 107%€172,249▼ 1.5%€151,589▼ 12.0%
Working capital-€8,571within the sector's middle half--€37,333below the sector's middle half▼ 336%-€67,573below the sector's middle half▼ 81.0%-€46,093below the sector's middle half▲ 31.8%
Solvency11.8%within the sector's middle half--18.9%below the sector's middle half▼ 30.8pp-27.1%below the sector's middle half▼ 8.1pp-14.3%below the sector's middle half▲ 12.7pp
Current ratio0.78within the sector's middle half-0.50below the sector's middle half▼ 0.280.30below the sector's middle half▼ 0.210.51below the sector's middle half▲ 0.21
Return on assets (ROA)9.7%within the sector's middle half--26.6%below the sector's middle half▼ 36.4pp-6.5%below the sector's middle half▲ 20.1pp13.3%within the sector's middle half▲ 19.9pp
Staff (FTE)1.2-2.9▲ 142%1.3▼ 55.2%0.9▼ 30.8%
above
within
below
the middle half (P25 to P75) of NACE 10, Manufacture of food products, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €21,991 after a loss of €5,420 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €132,604
Fixed assets
€85,171 ▼ 20.6%
Current assets
€47,433 ▲ 67.7%
Key figures and ratios
EBITDA
€45,181▲
2024 · €17,893
Cash flow
€40,889▲
2024 · €14,457
Quick ratio
0.41▲
2024 · 0.24
Debt to equity
-7.98▼
2024 · -4.70
Interest coverage
10.39▲
2024 · 4.25
Debt ≤ 1 year
€93,526▼
2024 · €95,864
Debt > 1 year
€56,743▼
2024 · €76,233
Income taxes
€0▼
2024 · €1
Staff costs
€26,100▼
2024 · €29,087
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,180 companies that looked in July 2024 the way this one looks now, 4.8% went bankrupt within 24 months and 89% are still going.
- Micro
- 5 to 10 years old
- negative equity
- a profit of 5% of the balance sheet or more
4.8%
went bankrupt
5.8%
stopped otherwise
89%
still going
A further 0.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.5% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 2,180 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €23,214 | €83,173 | €29,087 | €26,100 | ▼ 10.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13,360 | €20,407 | €23,313 | €23,190 | ▼ 0.5% |
| Other operating charges640/8 | €722 | €2,073 | €1,966 | €2,078 | ▲ 5.7% |
| Gross operating margin9900 | €48,412 | €68,806 | €48,946 | €73,360 | ▲ 49.9% |
| Operating profit (loss)9901 | €11,117 | -€36,848 | -€5,420 | €21,991 | ▲ 506% |
| Financial income75/76B | €46 | €0 | €774 | €58 | ▼ 92.5% |
| Recurring financial income75 | €46 | €0 | €774 | €58 | ▼ 92.5% |
| Financial charges65/66B | €1,842 | €2,301 | €4,209 | €4,351 | ▲ 3.4% |
| Recurring financial charges65 | €1,842 | €2,301 | €4,209 | €4,351 | ▲ 3.4% |
| Profit (loss) for the period before taxes9903 | €9,321 | -€39,149 | -€8,855 | €17,699 | ▲ 300% |
| Income taxes67/77 | - | - | €1 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | €9,321 | -€39,149 | -€8,856 | €17,699 | ▲ 300% |
| Profit (loss) for the period to be appropriated9905 | €9,321 | -€39,149 | -€8,856 | €17,699 | ▲ 300% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €95,636 | €147,039 | €135,565 | €132,604 | ▼ 2.2% |
| Fixed assets21/28 | €65,235 | €109,450 | €107,274 | €85,171 | ▼ 20.6% |
| Tangible fixed assets22/27 | €62,985 | €105,400 | €95,224 | €77,671 | ▼ 18.4% |
| Plant, machinery and equipment23 | €25,855 | €38,550 | €28,457 | €19,754 | ▼ 30.6% |
| Furniture and vehicles24 | €1,234 | €3,338 | €2,251 | €1,829 | ▼ 18.8% |
| Leasing and similar rights25 | €7,142 | €4,742 | €2,342 | €0 | ▼ 100% |
| Other tangible fixed assets26 | €28,755 | €58,770 | €62,174 | €56,088 | ▼ 9.8% |
| Financial fixed assets28 | €2,250 | €4,050 | €12,050 | €7,500 | ▼ 37.8% |
| Current assets29/58 | €30,401 | €37,589 | €28,290 | €47,433 | ▲ 67.7% |
| Stocks and contracts in progress3 | €2,350 | €10,195 | €5,537 | €9,013 | ▲ 62.8% |
| Stocks30/36 | €2,350 | €10,195 | €5,537 | €9,013 | ▲ 62.8% |
| Amounts receivable within one year40/41 | €15,021 | €15,205 | €11,080 | €11,200 | ▲ 1.1% |
| Trade receivables40 | €12,771 | €13,264 | €10,391 | €10,513 | ▲ 1.2% |
| Other amounts receivable41 | €2,250 | €1,941 | €688 | €687 | ▼ 0.2% |
| Cash at bank and in hand54/58 | €12,745 | €10,160 | €9,507 | €22,981 | ▲ 142% |
| Deferred charges and accrued income490/1 | €284 | €2,029 | €2,168 | €4,238 | ▲ 95.5% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €95,636 | €147,039 | €135,565 | €132,604 | ▼ 2.2% |
| Equity10/15 | €11,321 | -€27,828 | -€36,684 | -€18,985 | ▲ 48.2% |
| Contributions10/11 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Reserves13 | €9,321 | €9,321 | €0 | - | - |
| Distributable reserves133 | €9,321 | €9,321 | €0 | - | - |
| Profit (loss) carried forward14 | - | -€39,149 | -€38,684 | -€20,985 | ▲ 45.8% |
| Amounts payable17/49 | €84,315 | €174,867 | €172,249 | €151,589 | ▼ 12.0% |
| Amounts payable after more than one year17 | €45,343 | €99,705 | €76,233 | €56,743 | ▼ 25.6% |
| Financial debts170/4 | €45,343 | €99,705 | €76,233 | €56,743 | ▼ 25.6% |
| Amounts payable within one year42/48 | €38,972 | €74,922 | €95,864 | €93,526 | ▼ 2.4% |
| Current portion of amounts payable after more than one year42 | €12,927 | €26,538 | €22,988 | €21,430 | ▼ 6.8% |
| Financial debts43 | - | - | €80 | €288 | ▲ 260% |
| Other loans439 | - | - | €80 | €288 | ▲ 260% |
| Trade debts44 | €3,733 | €3,200 | €13,043 | €11,023 | ▼ 15.5% |
| Suppliers440/4 | €3,733 | €3,200 | €13,043 | €11,023 | ▼ 15.5% |
| Taxes, remuneration and social security45 | €4,724 | €11,430 | €3,378 | €6,489 | ▲ 92.1% |
| Taxes450/3 | €157 | €1,566 | €310 | €1,485 | ▲ 380% |
| Remuneration and social security454/9 | €4,567 | €9,864 | €3,068 | €5,003 | ▲ 63.1% |
| Other amounts payable47/48 | €17,587 | €33,754 | €56,376 | €54,297 | ▼ 3.7% |
| Accrued charges and deferred income492/3 | - | €240 | €152 | €1,320 | ▲ 768% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €9,321 | -€39,149 | -€8,856 | €17,699 | ▲ 300% |
| + Depreciation and write-downs630 | €13,360 | €20,407 | €23,313 | €23,190 | ▼ 0.5% |
| Operating cash flow (approximation) | €22,681 | -€18,742 | €14,457 | €40,889 | ▲ 183% |
| Investment in fixed assets (approximation) | - | -€64,621 | -€21,138 | -€1,087 | ▲ 94.9% |
| Change in cash | - | -€2,585 | -€653 | €13,475 | ▲ 2,162% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial
Back to profitnet €17,699
Net result €17,699 after 2 loss-making years.
30-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
25-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
Financial
Weakest financial yearnet -€39,149
Net result drops to -€39,149, the lowest in the series; recovery starts the following year.
21-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 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 2022
Ground area
396 m²
Building footprint
242 m²
Volume, LiDAR
2,289 m³
Parcel 44804D2522/00B000, Flanders · tallest building 15.7 m, ±4 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Catberry
since 20222.334.091.994
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44804D2522/00B000 | Flanders | 396 m² | 1 · 242 m² | 15.7 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 5 entries · 4,947 EUR awarded · 5,123 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 176 EUR | 176 EUR |
| 2024 | 1 | 686 EUR | 686 EUR |
| 2023 | 1 | 1,464 EUR | 1,640 EUR |
| 2022 | 2 | 2,621 EUR | 2,621 EUR |
Recognitions · licences · registrations
Food safety, FASFC
1 siteGent2.334.091.994
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Tero Bakery
BE 0765.347.519
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Of 4,230 companies in sector 10712 we hold annual accounts for 1,875. 999 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded01-06-2021
Fiscal year end30-06
Activities, NACEBEL 2025
10712Artisanal bread and fresh pastry making
47241Retail sale of bread and pastry (bakery outlets)
56301Cafés and bars
Contact
Website
www.catberry.be/Gent
E-invoicing
Reachable via Peppol
Peppol ID
0208:0768952157
Also
9925:BE0768952157
Registered
20-04-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.