Financials
- Fiscal year
- 2024
- Total assets
- €727,517
- Profit
- €172,167
- Solvency
- 87.8%
Total assets▲ 21.3%
Net result
20182024
CDSD BAKERY
ActiveSummary
CDSD BAKERY has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €638,912 and a net result of €172,167. Equity is growing by ~23.4% per year across the filed fiscal years. Its solvency ranks better than 94% of 807 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Overview
Activity
Manufacture of food products
NACE 10720Artisanal bread and fresh pastry making NACE 10712
1 site
Size
€727,517total assets 2024
- Staff
- 5.9 FTE
- Equity
- €638,912
- Profit
- €172,167
Turnover not published (abridged schema)
Structure
Accounts 63 d overdue0 of 2 deeds read
Why 88- Figures for FY 2024 (filed 30-09-2025)- 1 financial year not filed after the legal deadline; latest accounts 60 days late; 3 of the last 3 late+ Liquidity: current ratio 7.70, cash €642,400+ Equity €638,912 (87.8% of total assets)Show the evidence
Checked score
Score 2024
88
/ 100
Excellent
Probability in this band: under 0.55%
Better than 88% of its sector peers (NACE 10, micro)
Performance against the sector, not lower risk
Financial strength · tick = 2023
Strong
Solvency
100=
equity 87.8% of total assets
Liquidity
99+3
short-term debt 12.2% · cash 88.3%
Profitability
98+1
return on assets 23.7%
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 9 months
02-2026: 0.1%
03-2026: 0.1%▼ -0.9% vs 02-2026
04-2026: 0.1%▼ -3.5% vs 03-2026lowest value
05-2026: 0.1%▲ +5.5% vs 04-2026
06-2026: 0.1%▲ +9.5% vs 05-2026
07-2026: 0.2%▲ +20.5% vs 06-2026
08-2026: 0.2%▲ +46.4% vs 07-2026
09-2026: 0.3%▲ +15.6% vs 08-2026
10-2026: 0.4%▲ +69.9% vs 09-2026highest value
- Liquidity: current ratio 7.70, cash €642,400 lowers the probability
- Figures for FY 2024 (filed 30-09-2025) raises the probability
- Equity €638,912 (87.8% of total assets) lowers the probability
- 1 financial year not filed after the legal deadline; latest accounts 60 days late; 3 of the last 3 late raises the probability
Credit up to €55,000 at 30 days acceptable
Liquidity ample (current ratio 7.7 against 5.75 in 2023; short-term debt: 12.2% and cash: 88.3% of total assets), and 12.2% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 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% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 10, micro). Better than this share of them on solvency 93%, liquidity 97%, profitability 89%, growth against the median 74%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 02-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-09-2025, 60 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
60 d late
2023
65 d late
2022
58 d late
2021
110 d late
2020
94 d late
2019
15 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 62 days after 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 (1)
- Annual accounts filedfiscal year 2024 · abbreviated…
- Highest result since 2018net €172,167 ▲26.9%
- Equity above €500,000Eq €638,912 ▲29.1%
Key points
By topic
Timeline
- Events
- 14
- Since
- 2016
- 29-09-2025Annual accounts filed
- 31-12-2024Highest result since 2018
- 31-12-2024Equity above €500,000
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Manufacture of food productsNACE 10720
- Founded
- 22-01-2014
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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