Croissant Development
ActiveSummary
The computed 12-month bankruptcy probability of Croissant Development is 1.9% (moderate). The 2025 annual accounts show negative equity (-€43,323) and a net result of -€28,158. Equity is shrinking by ~149.6% per year across the filed fiscal years. Its solvency ranks better than 12% of 4577 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
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Signals
This company filed its last 3 accounts on average 25 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
History
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Financials · fiscal year 2025, full schema
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Peer companies
Historical observationOf the 1,253 companies that looked in July 2024 the way this one looks now, 0.9% went bankrupt within 24 months and 96% are still going.
- Small
- 2 to 5 years old
- negative equity
- a small loss
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 1.9% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 1,253 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.
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Other operating charges640/8 | €217,765 | €69,088 | €2,268 | ▼ 96.7% |
| Gross operating margin9900 | €172,626 | €52,304 | -€29,121 | ▼ 156% |
| Operating profit (loss)9901 | -€45,139 | -€16,783 | -€31,389 | ▼ 87.0% |
| Financial income75/76B | - | - | €3,615 | - |
| Recurring financial income75 | - | - | €3,615 | - |
| Financial charges65/66B | €2,797 | €446 | €385 | ▼ 13.8% |
| Recurring financial charges65 | €2,797 | €446 | €385 | ▼ 13.8% |
| Profit (loss) for the period before taxes9903 | -€47,936 | -€17,229 | -€28,158 | ▼ 63.4% |
| Profit (loss) for the period9904 | -€47,936 | -€17,229 | -€28,158 | ▼ 63.4% |
| Profit (loss) for the period to be appropriated9905 | -€47,936 | -€17,229 | -€28,158 | ▼ 63.4% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €1.1m | €1.3m | €2.3m | ▲ 84.4% |
| Current assets29/58 | €1.1m | €1.3m | €2.3m | ▲ 84.4% |
| Stocks and contracts in progress3 | €650,857 | €971,190 | €1.7m | ▲ 75.7% |
| Stocks30/36 | €650,857 | €971,190 | €1.7m | ▲ 75.7% |
| Amounts receivable within one year40/41 | €136,374 | €178,342 | €483,342 | ▲ 171% |
| Trade receivables40 | - | €157,224 | €0 | ▼ 100% |
| Other amounts receivable41 | €136,374 | €21,118 | €483,342 | ▲ 2,189% |
| Cash at bank and in hand54/58 | €294,667 | €99,457 | €120,872 | ▲ 21.5% |
| Deferred charges and accrued income490/1 | €7,989 | €8,261 | €8,340 | ▲ 0.9% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €1.1m | €1.3m | €2.3m | ▲ 84.4% |
| Equity10/15 | €2,064 | -€15,165 | -€43,323 | ▼ 186% |
| Contributions10/11 | €50,000 | €50,000 | €50,000 | = |
| Profit (loss) carried forward14 | -€47,936 | -€65,165 | -€93,323 | ▼ 43.2% |
| Amounts payable17/49 | €1.1m | €1.3m | €2.4m | ▲ 85.6% |
| Amounts payable after more than one year17 | €589,160 | €1.1m | €575,386 | ▼ 47.6% |
| Financial debts170/4 | €589,160 | €1.1m | €575,386 | ▼ 47.6% |
| Amounts payable within one year42/48 | €495,341 | €169,670 | €1.8m | ▲ 948% |
| Financial debts43 | - | - | €1.3m | - |
| Credit institutions430/8 | - | - | €1.3m | - |
| Trade debts44 | €495,341 | €169,670 | €135,160 | ▼ 20.3% |
| Suppliers440/4 | €495,341 | €169,670 | €135,160 | ▼ 20.3% |
| Taxes, remuneration and social security45 | - | - | €339,539 | - |
| Taxes450/3 | - | - | €339,539 | - |
| Accrued charges and deferred income492/3 | €3,322 | €5,716 | €8,248 | ▲ 44.3% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€47,936 | -€17,229 | -€28,158 | ▼ 63.4% |
| Operating cash flow (approximation) | -€47,936 | -€17,229 | -€28,158 | ▼ 63.4% |
| Change in cash | - | -€195,210 | €21,415 | ▲ 111% |
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
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.
Directors · office · real estate
1 establishment unit
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21616G0176/00X003 | Brussels | 1,103 m² | - | - |
Linked by address, not proof of ownership
Structure & network
Owners and holdings
1 ownerChain of control
- BF3 - BELGIQUE SAFR
- Croissant Development
Highest known parent: BF3 - BELGIQUE SA (France). The sources do not say who stands above it.
Owners 1
- BF3 - BELGIQUE SAFRparentSourceown accounts 31-03-2025100%
Holdings 0
The accounts to 31-03-2025 list no holdings, and no other source names one.
According to the annual accounts to 31-03-2025 of Croissant Development 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.
Similar companies · same sector, comparable size
Identification & contact
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.