CHRISTY
ActiveSummary
CHRISTY has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €258,854 and a net result of €23,169. Equity is growing by ~11.2% per year across the filed fiscal years. Its solvency ranks better than 20% of 811 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability50▼-18
Solvency35=
Growth78=
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €12,000 at 30 days acceptable
Liquidity short (current ratio 0.57 against 0.56 in 2024; short-term debt: 36.8% and cash: 1.1% of total assets), and 90.1% of the assets are financed with debt.
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Signals
Six 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
Manufacture of food products (NACE 10)
about 60% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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
9.9%
Return on assets
0.9%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 811 sector peers (2025).
NBB · sector comparisonPosition among 811 sector peers
Solvency
better than 20%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-09-2026, 55 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
55 d late
2024
1 d late
2023
7 d early
2022
5 d early
2021
31 d late
2020
26 d late
2019
53 d late
← 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 22 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 (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 1 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 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 What other support did companies like this one receive, and it did not?Public money
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, abbreviated schema
In the rankings
#3 employer in Knokke-Heist, Manufacturing sector#6 company by total assets in Knokke-Heist, Manufacturing sector
Equity
€258,854▲ 9.8%
2024 · €235,685
Total assets
€2.6m▲ 7.4%
2024 · €2.4m
Net result
€23,169▼ 80.9%
2024 · €121,004
Working capital
-€416,121▼ 29.3%
2024 · -€321,820
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
Line20212022202320242025
Operating result€221,891▲ 54.5%-€42,330-€121,811▼ 188%€199,128€87,194▼ 56.2%
Net result€158,190above the sector's middle half▲ 41.5%-€76,592below the sector's middle half-€169,796below the sector's middle half▼ 122%€121,004within the sector's middle half€23,169within the sector's middle half▼ 80.9%
Equity€361,070within the sector's middle half▲ 78.0%€284,477within the sector's middle half▼ 21.2%€114,681below the sector's middle half▼ 59.7%€235,685within the sector's middle half▲ 106%€258,854within the sector's middle half▲ 9.8%
Total assets€1.5mwithin the sector's middle half▲ 17.3%€2.1mwithin the sector's middle half▲ 41.0%€2.7mabove the sector's middle half▲ 25.6%€2.4mabove the sector's middle half▼ 9.0%€2.6mabove the sector's middle half▲ 7.4%
Debt€1.1m▲ 5.9%€1.8m▲ 60.6%€2.5m▲ 38.8%€2.2m▼ 14.2%€2.3m▲ 7.2%
Working capital-€18,760within the sector's middle half▲ 89.4%-€202,089below the sector's middle half▼ 977%-€331,729below the sector's middle half▼ 64.2%-€321,820below the sector's middle half▲ 3.0%-€416,121below the sector's middle half▼ 29.3%
Solvency24.0%within the sector's middle half▲ 8.2pp13.4%below the sector's middle half▼ 10.6pp4.3%below the sector's middle half▼ 9.1pp9.7%below the sector's middle half▲ 5.4pp9.9%below the sector's middle half▲ 0.2pp
Current ratio0.96within the sector's middle half▲ 0.370.67below the sector's middle half▼ 0.290.69below the sector's middle half▲ 0.020.56below the sector's middle half▼ 0.130.57below the sector's middle half▲ 0.01
Return on assets (ROA)10.5%within the sector's middle half▲ 1.8pp-3.6%below the sector's middle half▼ 14.1pp-6.4%below the sector's middle half▼ 2.8pp5.0%within the sector's middle half▲ 11.4pp0.9%within the sector's middle half▼ 4.1pp
Staff (FTE)23.4above the sector's middle half▲ 10.9%23.2above the sector's middle half▼ 0.9%26.2above the sector's middle half▲ 12.9%25.8above the sector's middle half▼ 1.5%27.6above the sector's middle half▲ 7.0%
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 abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 56% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.6m
Fixed assets
€2.1m ▲ 2.4%
Current assets
€540,479 ▲ 32.1%
Equity and liabilities €2.6m
Equity
€258,854 ▲ 9.8%
Debt
€2.3m ▲ 7.2%
Debt's share of the balance-sheet total falls from 90.3% to 90.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€258,953▼
2024 · €399,440
Cash flow
€194,928▼
2024 · €321,316
Quick ratio
0.51▲
2024 · 0.50
Debt to equity
9.05▼
2024 · 9.28
ROE
9.0%▼
2024 · 51.3%
Interest coverage
3.67▼
2024 · 5.12
Debt ≤ 1 year
€956,600▲
2024 · €731,012
Debt > 1 year
€1.4m▼
2024 · €1.5m
Income taxes
€200▼
2024 · €524
Staff costs
€1.6m▲
2024 · €1.3m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,216 companies that looked in July 2024 the way this one looks now, 1.4% went bankrupt within 24 months and 96% are still going.
- Small
- 20 years or older
- solvency under 10%
- a profit under 5% of the balance sheet
1.4%
went bankrupt
2.5%
stopped otherwise
96%
still going
For this company itself Checked computes a bankruptcy probability of 1.2% 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 1,216 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €18,344 | €115,062 | ▲ 527% |
| Remuneration, social security and pensions62 | €982,671 | €980,534 | €1.3m | €1.3m | €1.6m | ▲ 16.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €162,870 | €202,905 | €167,404 | €200,312 | €171,758 | ▼ 14.3% |
| Other operating charges640/8 | €18,379 | €21,336 | €20,141 | €37,154 | €20,958 | ▼ 43.6% |
| Non-recurring operating charges66A | - | €87,500 | €65,022 | €50,102 | €977 | ▼ 98.1% |
| Gross operating margin9900 | €1.4m | €1.2m | €1.4m | €1.8m | €1.8m | ▲ 0.5% |
| Operating profit (loss)9901 | €221,891 | -€42,330 | -€121,811 | €199,128 | €87,194 | ▼ 56.2% |
| Financial income75/76B | €37 | €261 | €1,711 | €476 | €6,727 | ▲ 1,313% |
| Recurring financial income75 | €37 | €261 | €1,711 | €476 | €6,727 | ▲ 1,313% |
| Financial charges65/66B | €21,096 | €33,809 | €49,241 | €78,076 | €70,552 | ▼ 9.6% |
| Recurring financial charges65 | €21,096 | €33,809 | €49,241 | €78,076 | €70,552 | ▼ 9.6% |
| Profit (loss) for the period before taxes9903 | €200,833 | -€75,878 | -€169,341 | €121,528 | €23,370 | ▼ 80.8% |
| Income taxes67/77 | €42,643 | €715 | €455 | €524 | €200 | ▼ 61.8% |
| Profit (loss) for the period9904 | €158,190 | -€76,592 | -€169,796 | €121,004 | €23,169 | ▼ 80.9% |
| Transfer from tax-exempt reserves789 | €11,338 | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €169,527 | -€76,592 | -€169,796 | €121,004 | €23,169 | ▼ 80.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.5m | €2.1m | €2.7m | €2.4m | €2.6m | ▲ 7.4% |
| Fixed assets21/28 | €1.0m | €1.7m | €1.9m | €2.0m | €2.1m | ▲ 2.4% |
| Intangible fixed assets21 | €130,500 | €88,750 | €47,000 | €5,250 | €3,500 | ▼ 33.3% |
| Tangible fixed assets22/27 | €871,763 | €1.6m | €1.9m | €2.0m | €2.1m | ▲ 2.5% |
| Land and buildings22 | €620,358 | €1.4m | €1.7m | €1.9m | €1.9m | ▲ 3.7% |
| Plant, machinery and equipment23 | €251,405 | €176,922 | €148,203 | €122,626 | €104,356 | ▼ 14.9% |
| Furniture and vehicles24 | - | - | €3,324 | €2,589 | €1,854 | ▼ 28.4% |
| Financial fixed assets28 | - | - | - | €2,548 | €2,548 | = |
| Current assets29/58 | €501,408 | €410,469 | €741,013 | €409,192 | €540,479 | ▲ 32.1% |
| Stocks and contracts in progress3 | €45,684 | €76,860 | €40,602 | €44,868 | €50,103 | ▲ 11.7% |
| Stocks30/36 | €45,684 | €76,860 | €40,602 | €44,868 | €50,103 | ▲ 11.7% |
| Amounts receivable within one year40/41 | €80,433 | €224,406 | €601,515 | €257,252 | €447,337 | ▲ 73.9% |
| Trade receivables40 | €53,954 | €201,303 | €293,907 | €252,418 | €362,624 | ▲ 43.7% |
| Other amounts receivable41 | €26,479 | €23,104 | €307,608 | €4,833 | €84,713 | ▲ 1,653% |
| Current investments50/53 | €210,009 | €1,000 | - | €50,000 | €15,000 | ▼ 70.0% |
| Cash at bank and in hand54/58 | €165,282 | €108,203 | €98,896 | €57,073 | €27,887 | ▼ 51.1% |
| Deferred charges and accrued income490/1 | - | - | - | - | €152 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.5m | €2.1m | €2.7m | €2.4m | €2.6m | ▲ 7.4% |
| Equity10/15 | €361,070 | €284,477 | €114,681 | €235,685 | €258,854 | ▲ 9.8% |
| Contributions10/11 | €60,000 | €60,000 | €65,990 | €65,990 | €65,990 | = |
| Reserves13 | €175,517 | €175,517 | - | - | - | - |
| Non-distributable reserves130/1 | €5,990 | €5,990 | - | - | - | - |
| Reserves not available under the articles1311 | €5,990 | €5,990 | - | - | - | - |
| Distributable reserves133 | €169,527 | €169,527 | - | - | - | - |
| Profit (loss) carried forward14 | €125,553 | €48,961 | €48,692 | €169,695 | €192,865 | ▲ 13.7% |
| Amounts payable17/49 | €1.1m | €1.8m | €2.5m | €2.2m | €2.3m | ▲ 7.2% |
| Amounts payable after more than one year17 | €621,706 | €1.2m | €1.5m | €1.5m | €1.4m | ▼ 4.7% |
| Financial debts170/4 | €621,706 | €1.2m | €1.4m | €1.3m | €1.3m | ▲ 3.6% |
| Other amounts payable178/9 | - | - | €117,483 | €167,483 | €52,600 | ▼ 68.6% |
| Amounts payable within one year42/48 | €520,169 | €612,558 | €1.1m | €731,012 | €956,600 | ▲ 30.9% |
| Current portion of amounts payable after more than one year42 | €153,950 | €150,972 | €163,488 | €176,605 | €176,501 | ▼ 0.1% |
| Trade debts44 | €116,172 | €240,888 | €758,985 | €472,510 | €648,819 | ▲ 37.3% |
| Suppliers440/4 | €116,172 | €240,888 | €758,985 | €472,510 | €648,819 | ▲ 37.3% |
| Advances received on contracts in progress46 | - | €3,432 | - | - | €5,721 | - |
| Taxes, remuneration and social security45 | €135,365 | €93,679 | €150,269 | €81,224 | €124,848 | ▲ 53.7% |
| Taxes450/3 | €45,720 | €44,644 | €60,088 | €524 | €33,553 | ▲ 6,298% |
| Remuneration and social security454/9 | €89,644 | €49,035 | €90,180 | €80,699 | €91,295 | ▲ 13.1% |
| Other amounts payable47/48 | €114,683 | €123,586 | - | €674 | €711 | ▲ 5.5% |
| Accrued charges and deferred income492/3 | €727 | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €158,190 | -€76,592 | -€169,796 | €121,004 | €23,169 | ▼ 80.9% |
| + Depreciation and write-downs630 | €162,870 | €202,905 | €167,404 | €200,312 | €171,758 | ▼ 14.3% |
| Operating cash flow (approximation) | €321,060 | €126,312 | -€2,392 | €321,316 | €194,928 | ▼ 39.3% |
| Investment in fixed assets (approximation) | - | -€910,133 | -€379,633 | -€291,336 | -€220,417 | ▲ 24.3% |
| Change in cash | - | -€57,079 | -€9,307 | -€41,824 | -€29,186 | ▲ 30.2% |
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
24-09
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 55 days late
2025
01-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 1 day late
2024
31-12
Financial
Back to profitnet €121,004
Net result €121,004 after 2 loss-making years.
31-12
Financial
Equity above €200,000Eq €235,685 ▲106%
Equity rises from €114,681 to €235,685.
24-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Weakest financial yearnet -€169,796
Net result drops to -€169,796, the lowest in the series; recovery starts the following year.
26-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
31-12
Financial
Highest result since 2018net €158,190 ▲41.5%
Operating result €221,891, net result €158,190, both a record.
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 26 days late
2020
31-12
Financial
Equity above €200,000Eq €202,880 ▲123%
2 profitable years in a row build equity to €202,880.
22-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 53 days late
Show earlier events
2019
31-12
Financial
Back to profitnet €13,126
Net result €13,126 after one loss-making year.
14-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
11-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
19-06
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.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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 · 5 establishment units since 2000
Ground area
1,231 m²
Building footprint
1,024 m²
Volume, LiDAR
15,665 m³
5 parcels, Flanders · tallest building 34.0 m, ±10 floors. Linked by address, not a title deed.
5 establishment units
PATISSERIE LEFEVERE
since 20002.100.765.820
Christy
since 20032.191.137.156
Bakkerij De Groote
since 20152.245.216.933
Bakkerij Lefevere
since 20182.278.417.657
Bakkerij Lefevere Blankenberge
since 20232.340.442.130
5 parcels
Flanders
5
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31336H0443/00B000 | Flanders | 344 m² | 1 · 344 m² | 18.6 m · 5 fl. |
| 31337F0065/00A000 | Flanders | 259 m² | 1 · 259 m² | 34.0 m · 10 fl. |
| 31336B0318/00G003 | Flanders | 245 m² | 1 · 103 m² | 10.1 m · 3 fl. |
| 31334B0800/00_000 | Flanders | 201 m² | 1 · 137 m² | 22.2 m · 6 fl. |
| 31034B0504/00W000 | Flanders | 182 m² | 1 · 182 m² | 6.0 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
5 of 5 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
2 ownersOwners 2
- Christiane Vandepittenatural personSourceown accounts 202150%
- Jan Lefeverenatural personSourceown accounts 202150%
Holdings 0
The accounts to 31-12-2021 list no holdings, and no other source names one.
According to the 2021 annual accounts of CHRISTY and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 634 EUR awarded · 634 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 176 EUR | 176 EUR |
| 2024 | 1 | 176 EUR | 176 EUR |
| 2023 | 1 | 147 EUR | 147 EUR |
| 2022 | 1 | 135 EUR | 135 EUR |
Recognitions · licences · registrations
Food safety, FASFC
5 sitesKnokke-Heist2.100.765.820
Blankenberge2.340.442.130
Knokke-Heist2.191.137.156
Knokke-Heist2.245.216.933
Show 1 more sites
Knokke-Heist2.278.417.657
Dual-learning approval
5 endedChocoladebewerker (vwo)
Chocolatier duaal (so)
Brood- en banketbakkerij duaal (so)
Medewerker (banket)bakkerij duaal (so)
Medewerker bakkerij (vwo)
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Of 4,230 companies in sector 10712 we hold annual accounts for 1,875. 1,455 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
Founded03-03-2000
Fiscal year end31-12
Activities, NACEBEL 2025
10712Artisanal bread and fresh pastry making
E-invoicing
Reachable via Peppol
Peppol ID
0208:0471349427
Also
9925:BE0471349427
Registered
02-10-2025
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.