CHOCOLATIER M
ActiveCHOCOLATIER M has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.58M and a net result of €290k. Equity is growing by ~28.1% per year across the filed fiscal years. Its solvency ranks better than 95% of 800 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
89
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability90=
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €140k at 30 days acceptable
Liquidity ample (current ratio 12.39 against 8.48 in 2024; short-term debt: 7.7% and cash: 51.8% of total assets), and 8.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
Sector 10
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
91.6%
Return on assets
16.8%
Age of the figures
12 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 30-04-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
on the day
2023
24 d late
2022
2 d late
2021
1 d early
2020
17 d late
2019
4 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
22-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€1.58M▲ 16.5%
2024 · €1.36M
2018: €229k
2019: €289k
2020: €384k
2021: €661k
2022: €878k
2023: €1.14M
2024: €1.36M
2018 → 2025
Total assets
€1.73M▲ 12.4%
2024 · €1.54M
2018: €389k
2019: €408k
2020: €499k
2021: €863k
2022: €1.04M
2023: €1.28M
2024: €1.54M
2018 → 2025
Net result
€290k▲ 9.7%
2024 · €264k
2018: €45k
2019: €69k
2020: €131k
2021: €289k
2022: €228k
2023: €269k
2024: €264k
2018 → 2025
Working capital
€1.51M▲ 21.4%
2024 · €1.25M
2018: €23k
2019: €114k
2020: €243k
2021: €521k
2022: €781k
2023: €1.05M
2024: €1.25M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€661k-€878k▲ 32.8%€1.14M▲ 30.3%€1.36M▲ 18.9%€1.58M▲ 16.5%
Operating result€423k-€341k▼ 19.4%€394k▲ 15.6%€389k▼ 1.3%€427k▲ 9.9%
Net result€289k-€228k▼ 21.1%€269k▲ 18.1%€264k▼ 1.9%€290k▲ 9.7%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 10% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.73M
Fixed assets
€84k▼ 33.4%
Current assets
€1.65M▲ 16.5%
Equity and liabilities €1.73M
Equity
€1.58M▲ 16.5%
Debt
€145k▼ 18.8%
The debt ratio falls from 11.6% to 8.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€476k▲
2024 · €433k
Cash flow
€339k▲
2024 · €308k
Solvency
91.6%▲
2024 · 88.4%
Current ratio
12.39▲
2024 · 8.48
Quick ratio
11.51▲
2024 · 7.82
Debt / equity
0.09▼
2024 · 0.13
ROE
18.3%▼
2024 · 19.4%
ROA
16.8%▼
2024 · 17.2%
Interest coverage
75.96▼
2024 · 101.33
Debt
€145k▼
2024 · €179k
Debt ≤ 1 year
€133k▼
2024 · €166k
Income taxes
€131k▲
2024 · €121k
Staff costs
€348k▲
2024 · €326k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.54M€1.73M▲
Fixed assets21/28€126k€84k▼
Tangible fixed assets22/27€124k€82k▼
Land and buildings22€22k€6k▼
Plant, machinery and equipment23€45k€30k▼
Furniture and vehicles24€57k€46k▼
Financial fixed assets28€2k€2k=
Current assets29/58€1.41M€1.65M▲
Amounts receivable after more than one year29€121k€121k=
Other amounts receivable291€121k€121k=
Stocks and contracts in progress3€111k€116k▲
Stocks30/36€111k€116k▲
Amounts receivable within one year40/41€384k€508k▲
Trade receivables40€80k€82k▲
Other amounts receivable41€303k€425k▲
Cash at bank and in hand54/58€795k€897k▲
Deferred charges and accrued income490/1€2k€5k▲
Equity and liabilities
Total equity and liabilities10/49€1.54M€1.73M▲
Equity10/15€1.36M€1.58M▲
Contributions10/11€6k€6k=
Reserves13€1.18M€1.40M▲
Tax-exempt reserves132€1k€1k=
Distributable reserves133€1.18M€1.40M▲
Profit (loss) carried forward14€175k€175k=
Amounts payable17/49€179k€145k▼
Amounts payable within one year42/48€166k€133k▼
Current portion of amounts payable after more than one year42€7k€7k=
Trade debts44€31k€36k▲
Suppliers440/4€31k€36k▲
Taxes, remuneration and social security45€98k€66k▼
Taxes450/3€65k€20k▼
Remuneration and social security454/9€33k€46k▲
Other amounts payable47/48€31k€24k▼
Accrued charges and deferred income492/3€12k€12k=
Income statement
Code20242025
Non-recurring operating income76A€19k€0▼
Remuneration, social security and pensions62€326k€348k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€44k€49k▲
Other operating charges640/8€2k€9k▲
Gross operating margin9900€761k€833k▲
Operating profit (loss)9901€389k€427k▲
Financial income75/76B€88€76▼
Recurring financial income75€88€76▼
Financial charges65/66B€4k€6k▲
Recurring financial charges65€4k€6k▲
Profit (loss) for the period before taxes9903€385k€421k▲
Income taxes67/77€121k€131k▲
Profit (loss) for the period9904€264k€290k▲
Profit (loss) for the period to be appropriated9905€264k€290k▲
Appropriation of the result
Profit (loss) to be appropriated9906€439k€465k▲
Profit (loss) brought forward from the previous period14P€175k€175k=
Transfer from equity791/2€45k€60k▲
Transfer to equity691/2€261k€284k▲
To other reserves6921€261k€284k▲
Profit to be distributed694/7€48k€65k▲
Return on contributions (dividend)694€45k€61k▲
Directors or managers695€3k€4k▲
Social balance
Average headcount (FTE)90878.98.8▼
The notes to these accounts (16 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-09
Financial
Highest result since 2018net €290k ▲9.7%
Operating result €427k, net result €290k, both a record.
30-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
24-05
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 24 days late
2023
30-09
Financial
Equity above €1MEq €1.14M ▲30.3%
6 profitable years in a row build equity to €1.14M.
02-05
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 2 days late
2022
29-04
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-09
Financial
Equity above €500kEq €661k ▲72.3%
4 profitable years in a row build equity to €661k.
17-05
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 17 days late
2020
04-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 4 days late
2019
16-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
27-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
28-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Knokke-Heist · 2 establishment units since 2009
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.
Sylvain Dupuisstraat 388300 Knokke-HeistGround area
325 m²
Building footprint
325 m²
Volume, LiDAR
2,150 m³
2 parcels, Flanders · tallest building 23.2 m, ±6 floors. Linked by address, not a title deed.
2 establishment units
CHOCOLATIER M
since 20092.185.368.527
CHOCOLATIER M
since 20162.254.350.175
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31013A0413/00L000 | Flanders | 199 m² | 1 · 199 m² | 21.4 m |
| 31013A0467/00A000 | Flanders | 126 m² | 1 · 126 m² | 23.1 m · 6 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 1,152 EUR awarded · 1,152 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 294 EUR | 294 EUR |
| 2024 | 1 | 294 EUR | 294 EUR |
| 2023 | 1 | 294 EUR | 294 EUR |
| 2022 | 1 | 270 EUR | 270 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Food safety, FASFC
2 sites · 1 with a smileyKnokke-Heist2.254.350.175
Knokke-Heist2.185.368.527
Dual-learning approval
1 endedSimilar companies · same sector, comparable size
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CONFISERIE GELDHOF
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GELDHOF-DEWULF
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Of 725 companies in sector 10820 we hold annual accounts for 351. 191 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded31-12-2009
Fiscal year end30-09
Activities, NACEBEL
10820Manufacture of cocoa, chocolate and sugar confectionery
10720Manufacture of food products
47241Retail sale of bread and pastry (bakery outlets)
Sources
Crossroads Bank for EnterprisesNational Bank · 16 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.