Chez Blanche
ActiveSummary
The computed 12-month bankruptcy probability of Chez Blanche is 7.7% (elevated). The 2025 annual accounts show negative equity (-€1.2m) and a net result of -€1.3m. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 669 sector peers (fiscal year 2025). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-11
Solvency0▼-23
Growth32=
Track record100
Bankruptcy probability, 12 months
7.7%
Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.39 against 0.7 in 2024; short-term debt: 80.8% and cash: 6.7% of total assets), and equity is negative.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+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
-27.2%
Return on assets
-28.2%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year -€1.2m
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 22-07-2026, 9 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
9 d early
2024
7 d early
2023
15 d early
2022
20 d early
2021
21 d early
2020
21 d early
2019
4 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 14 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 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 17 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 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 Is the workforce growing, and do people stay?Employer check 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 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, full schema
In the rankings
#3 employer in Chaudfontaine#5 company by total assets in Chaudfontaine, Manufacturing sector#9 company by staff growth in Chaudfontaine
Turnover
€0
EBIT margin
Not included in this filing
Net result
-€1.3m▼ 137%
2024 · -€539,659
Working capital
-€2.2m▼ 137%
2024 · -€941,480
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: 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. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€0
Operating result€218,170€37,354▼ 82.9%€130,453▲ 249%-€388,970-€1.1m▼ 172%
Net result€198,077within the sector's middle half-€30,322below the sector's middle half€30,609within the sector's middle half-€539,659below the sector's middle half-€1.3mbelow the sector's middle half▼ 137%
Equity€229,605below the sector's middle half€190,089below the sector's middle half▼ 17.2%€411,503within the sector's middle half▲ 116%-€89,120below the sector's middle half-€1.2mbelow the sector's middle half▼ 1,287%
Total assets€2.3mwithin the sector's middle half▲ 38.5%€3.7mwithin the sector's middle half▲ 58.0%€4.1mwithin the sector's middle half▲ 10.8%€5.1mwithin the sector's middle half▲ 25.9%€4.5mwithin the sector's middle half▼ 11.6%
Debt€2.1m▲ 24.6%€3.5m▲ 66.2%€3.7m▲ 5.1%€5.2m▲ 42.4%€5.8m▲ 10.6%
Working capital€108,018within the sector's middle half▲ 119%-€221,714below the sector's middle half€247,140within the sector's middle half-€941,480below the sector's middle half-€2.2mbelow the sector's middle half▼ 137%
Solvency9.8%below the sector's middle half▲ 10.0pp5.2%below the sector's middle half▼ 4.7pp10.1%below the sector's middle half▲ 4.9pp-1.7%below the sector's middle half▼ 11.8pp-27.2%below the sector's middle half▼ 25.5pp
Current ratio1.12within the sector's middle half▲ 0.050.88below the sector's middle half▼ 0.231.13within the sector's middle half▲ 0.250.70below the sector's middle half▼ 0.430.39below the sector's middle half▼ 0.31
Return on assets (ROA)8.5%within the sector's middle half▲ 14.6pp-0.8%below the sector's middle half▼ 9.3pp0.7%within the sector's middle half▲ 1.6pp-10.5%below the sector's middle half▼ 11.3pp-28.2%below the sector's middle half▼ 17.7pp
Staff (FTE)58.7within the sector's middle half▲ 65.4%67.3within the sector's middle half▲ 14.7%64.2within the sector's middle half▼ 4.6%87.7above the sector's middle half▲ 36.6%87.8above the sector's middle half▲ 0.1%
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.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €1.1m in 2025 against €388,970 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.5m
Fixed assets
€3.1m ▲ 6.5%
Current assets
€1.4m ▼ 34.8%
Equity and liabilities
Equity-€1.2m
Debt€5.8m
Equity is negative: debt (€5.8m) exceeds the balance-sheet total (€4.5m).
Key figures and ratios
EBITDA
-€442,347▼
2024 · €122,981
Cash flow
-€663,607▼
2024 · -€27,708
Quick ratio
0.16▼
2024 · 0.38
Interest coverage
-1.85▼
2024 · 0.67
Debt ≤ 1 year
€3.7m▲
2024 · €3.1m
Debt > 1 year
€2.0m▲
2024 · €2.0m
Income taxes
€1,538▲
2024 · €1,410
Staff costs
€4.1m▲
2024 · €4.0m
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 252 companies that looked in July 2024 the way this one looks now, 7.1% went bankrupt within 24 months and 85% are still going.
- Medium-sized
- negative equity
- a loss of 10% of the balance sheet or more
- without age
7.1%
went bankrupt
6.7%
stopped otherwise
85%
still going
A further 0.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 7.7% 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 497,341 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% | 1.8% |
| 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 252 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €0 | - | - | - | - | - |
| Non-recurring operating income76A | - | €13,981 | €17,520 | €2,500 | - | - |
| Goods, raw materials, services and sundry goods60/61 | €0 | - | - | - | - | - |
| Remuneration, social security and pensions62 | €2.2m | €2.8m | €3.4m | €4.0m | €4.1m | ▲ 1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €275,557 | €374,962 | €498,991 | €511,951 | €616,749 | ▲ 20.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €5,717 | - | €5,672 | €2,258 | ▼ 60.2% |
| Other operating charges640/8 | €18,361 | €17,294 | €13,582 | €12,407 | €37,625 | ▲ 203% |
| Non-recurring operating charges66A | - | - | - | €0 | - | - |
| Gross operating margin9900 | €2.7m | €3.3m | €4.1m | €4.1m | €3.7m | ▼ 11.6% |
| Operating profit (loss)9901 | €218,170 | €37,354 | €130,453 | -€388,970 | -€1.1m | ▼ 172% |
| Financial income75/76B | €21,753 | €10,084 | €10,197 | €33,867 | €19,389 | ▼ 42.8% |
| Recurring financial income75 | €21,753 | €10,084 | €10,197 | €33,867 | €19,389 | ▼ 42.8% |
| Financial charges65/66B | €41,597 | €77,407 | €109,794 | €183,146 | €239,110 | ▲ 30.6% |
| Recurring financial charges65 | €41,597 | €77,407 | €109,794 | €183,146 | €239,110 | ▲ 30.6% |
| Profit (loss) for the period before taxes9903 | €198,326 | -€29,969 | €30,856 | -€538,249 | -€1.3m | ▼ 138% |
| Income taxes67/77 | €248 | €352 | €247 | €1,410 | €1,538 | ▲ 9.1% |
| Profit (loss) for the period9904 | €198,077 | -€30,322 | €30,609 | -€539,659 | -€1.3m | ▼ 137% |
| Profit (loss) for the period to be appropriated9905 | €198,077 | -€30,322 | €30,609 | -€539,659 | -€1.3m | ▼ 137% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.3m | €3.7m | €4.1m | €5.1m | €4.5m | ▼ 11.6% |
| Formation expenses20 | €48,768 | €53,050 | €50,210 | €37,270 | €24,330 | ▼ 34.7% |
| Fixed assets21/28 | €1.2m | €2.0m | €1.9m | €2.9m | €3.1m | ▲ 6.5% |
| Intangible fixed assets21 | €24,515 | €358,304 | €345,551 | €694,801 | €1.0m | ▲ 49.3% |
| Tangible fixed assets22/27 | €1.2m | €1.6m | €1.5m | €2.2m | €2.0m | ▼ 7.8% |
| Plant, machinery and equipment23 | €674,330 | €868,227 | €730,540 | €640,285 | €436,321 | ▼ 31.9% |
| Furniture and vehicles24 | €39,358 | €38,296 | €24,841 | €25,717 | €18,651 | ▼ 27.5% |
| Leasing and similar rights25 | €20,417 | €11,039 | €7,803 | €414,823 | €396,696 | ▼ 4.4% |
| Other tangible fixed assets26 | €456,070 | €666,337 | €750,226 | €1.1m | €1.2m | ▲ 5.5% |
| Financial fixed assets28 | €24,394 | €21,133 | €22,133 | €22,333 | €37,906 | ▲ 69.7% |
| Current assets29/58 | €1.0m | €1.7m | €2.2m | €2.2m | €1.4m | ▼ 34.8% |
| Stocks and contracts in progress3 | €627,036 | €1.1m | €1.3m | €1.0m | €844,280 | ▼ 17.6% |
| Stocks30/36 | €627,036 | €1.1m | €1.3m | €1.0m | €844,280 | ▼ 17.6% |
| Amounts receivable within one year40/41 | €81,654 | €196,137 | €275,567 | €749,679 | €190,962 | ▼ 74.5% |
| Trade receivables40 | €53,268 | €101,982 | €161,197 | €466,858 | €65,908 | ▼ 85.9% |
| Other amounts receivable41 | €28,386 | €94,155 | €114,371 | €282,820 | €125,054 | ▼ 55.8% |
| Cash at bank and in hand54/58 | €303,426 | €274,137 | €461,249 | €330,815 | €306,460 | ▼ 7.4% |
| Deferred charges and accrued income490/1 | €31,339 | €54,516 | €64,814 | €103,184 | €97,106 | ▼ 5.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.3m | €3.7m | €4.1m | €5.1m | €4.5m | ▼ 11.6% |
| Equity10/15 | €229,605 | €190,089 | €411,503 | -€89,120 | -€1.2m | ▼ 1,287% |
| Contributions10/11 | €518,600 | €518,600 | €718,600 | €718,600 | €868,600 | ▲ 20.9% |
| Capital10 | €518,600 | €518,600 | €718,600 | €718,600 | €868,600 | ▲ 20.9% |
| Issued capital100 | €518,600 | €518,600 | €718,600 | €718,600 | €868,600 | ▲ 20.9% |
| Profit (loss) carried forward14 | -€323,779 | -€354,100 | -€323,491 | -€863,150 | -€2.1m | ▼ 148% |
| Investment grants15 | €34,784 | €25,589 | €16,394 | €55,430 | €38,709 | ▼ 30.2% |
| Amounts payable17/49 | €2.1m | €3.5m | €3.7m | €5.2m | €5.8m | ▲ 10.6% |
| Amounts payable after more than one year17 | €1.2m | €1.6m | €1.7m | €2.0m | €2.0m | ▲ 1.0% |
| Financial debts170/4 | €1.2m | €1.6m | €1.7m | €2.0m | €1.9m | ▼ 6.5% |
| Other amounts payable178/9 | - | €25,000 | €25,000 | €25,000 | €175,000 | ▲ 600% |
| Amounts payable within one year42/48 | €935,437 | €1.9m | €1.9m | €3.1m | €3.7m | ▲ 16.6% |
| Current portion of amounts payable after more than one year42 | €266,945 | €271,342 | €351,794 | €502,334 | €511,728 | ▲ 1.9% |
| Financial debts43 | - | €367,547 | €250,000 | €448,503 | €806,383 | ▲ 79.8% |
| Credit institutions430/8 | - | €367,547 | €250,000 | €448,503 | €806,383 | ▲ 79.8% |
| Trade debts44 | €265,632 | €803,131 | €598,133 | €1.1m | €1.0m | ▼ 3.8% |
| Suppliers440/4 | €265,632 | €803,131 | €598,133 | €1.1m | €1.0m | ▼ 3.8% |
| Advances received on contracts in progress46 | - | - | - | - | €4,990 | - |
| Taxes, remuneration and social security45 | €402,859 | €446,048 | €702,951 | €971,948 | €1.3m | ▲ 35.1% |
| Taxes450/3 | €41,463 | €50,403 | €94,207 | €174,796 | €161,874 | ▼ 7.4% |
| Remuneration and social security454/9 | €361,397 | €395,645 | €608,744 | €797,151 | €1.2m | ▲ 44.4% |
| Other amounts payable47/48 | €0 | €137 | €137 | €150,137 | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | €1,275 | €1,030 | €26,485 | €58,118 | €69,101 | ▲ 18.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €198,077 | -€30,322 | €30,609 | -€539,659 | -€1.3m | ▼ 137% |
| + Depreciation and write-downs630 | €275,557 | €374,962 | €498,991 | €511,951 | €616,749 | ▲ 20.5% |
| Operating cash flow (approximation) | €473,634 | €344,640 | €529,600 | -€27,708 | -€663,607 | ▼ 2,295% |
| Investment in fixed assets (approximation) | - | -€1.1m | -€416,749 | -€1.5m | -€805,918 | ▲ 47.1% |
| Change in cash | - | -€29,289 | €187,112 | -€130,434 | -€24,355 | ▲ 81.3% |
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
22-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Weakest financial yearnet -€1.3m
Net result drops to -€1.3m, the lowest in the series.
24-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
16-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Back to profitnet €30,609
Net result €30,609 after one loss-making year.
31-12
Financial
Equity above €200,000Eq €411,503 ▲116%
Equity rises from €190,089 to €411,503.
11-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
10-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Back to profitnet €198,077
Net result €198,077 after 2 loss-making years.
31-12
Financial
Equity above €200,000Eq €229,605
Equity rises from -€3,256 to €229,605.
10-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
27-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
No directors read yet: 0 of 7 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Chaudfontaine · 12 establishment units since 2019
Ground area
2.1 ha
Building footprint
7,669 m²
Volume, LiDAR
56,544 m³
13 parcels, Wallonia · tallest building 38.0 m, ±12 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
12 establishment units
CHEZ BLANCHE CHÊNÉE
since 20192.284.904.284
CHEZ BLANCHE HERSTAL
since 20192.284.905.175
CHEZ BLANCHE BEAUFAYS
since 20192.291.025.281
CHEZ BLANCHE GRACE-HOLLOGNE
since 20212.314.527.391
CHEZ BLANCHE LIEGE GUILLEMINS
since 20212.317.493.514
CHEZ BLANCHE BONCELLES
since 20222.330.506.855
Show 6 more locations
CHEZ BLANCHE SPA
since 20222.335.348.343
CHEZ BLANCHE LIEGE CENTRE
since 20222.336.328.736
Les vilains petits ratés de chez BLANCHE
since 20222.338.276.060
CHEZ BLANCHE HANNUT
since 20242.360.416.707
CHEZ BLANCHE WANDRE
since 20242.362.880.804
CHEZ BLANCHE - FLERON
since 20242.360.984.354
13 parcels
Wallonia
13
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62046A0135/00B004 | Wallonia | 4,475 m² | 1 · 937 m² | 7.3 m · 2 fl. |
| 62809B0177/00B005 | Wallonia | 4,364 m² | 1 · 4,464 m² | 6.8 m · 2 fl. |
| 62046A0055/00D003 | Wallonia | 4,191 m² | 1 · 886 m² | 12.5 m · 4 fl. |
| 62012B0180/00E005 | Wallonia | 2,567 m² | 1 · 191 m² | 9.6 m · 2 fl. |
| 62023A0594/00F000 | Wallonia | 1,960 m² | 1 · 273 m² | 38.0 m · 12 fl. |
| 62104B0625/02B000 | Wallonia | 1,547 m² | 1 · 174 m² | 10.8 m · 3 fl. |
| 62312A0624/00M009 | Wallonia | 484 m² | 1 · 138 m² | 10.5 m · 3 fl. |
| 62019B0072/00X003 | Wallonia | 454 m² | 1 · 142 m² | - |
| 62038B0135/00K002 | Wallonia | 241 m² | 1 · 178 m² | 12.2 m · 4 fl. |
| 62805B0313/00E006 | Wallonia | 211 m² | 1 · 57 m² | 16.7 m · 2 fl. |
| 63072G0405/00S000 | Wallonia | 199 m² | 1 · 83 m² | 17.0 m · 4 fl. |
| 62803A1777/00A000 | Wallonia | 194 m² | 1 · 52 m² | - |
| 64034B0716/00Z000 | Wallonia | 91 m² | 1 · 93 m² | - |
Linked by address, not proof of ownership
Good to know
13 of 13 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
12 sitesLiège2.362.880.804
Grâce-Hollogne2.314.527.391
Chaudfontaine2.291.025.281
Fléron2.360.984.354
Show 8 more sites
Grâce-Hollogne2.338.276.060
Hannut2.360.416.707
Herstal2.284.905.175
Liège2.284.904.284
Liège2.317.493.514
Liège2.336.328.736
Seraing2.330.506.855
Spa2.335.348.343
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Company details
Identification
Legal formPublic limited company
Founded19-12-2018
Fiscal year end31-12
Activities, NACEBEL 2025
10712Artisanal bread and fresh pastry making
47241Retail sale of bread and pastry (bakery outlets)
Contact
E-mail
info@chezblanche.beSpa
E-invoicing
Reachable via Peppol
Peppol ID
0208:0716619568
Also
9925:BE0716619568
Registered
17-07-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.