CROUSTIFRAIS
ActiveSummary
CROUSTIFRAIS has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €173k and a net result of €-87k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 90% of 4157 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
70
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-100
Solvency100▲+27
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €12k at 30 days acceptable
Liquidity ample (current ratio 5.48 against 1.88 in 2024; short-term debt: 18.2% and cash: 66.2% of total assets), and 19.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← 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
80.8%
Return on assets
-40.6%
Age of the figures
9 mo
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 02-06-2026, 59 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
59 d early
2024
35 d early
2023
34 d early
2022
on the day
2021
3 d early
2020
4 d early
2019
11 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-87k
2024 · €196k
2018: €30k
2019: €61k
2020: €124k
2021: €-725
2022: €-294k
2023: €30k
2024: €196k
2018 → 2025
Working capital
€175k▼ 24.4%
2024 · €232k
2018: €781k
2019: €817k
2020: €216k
2021: €178k
2022: €-87k
2023: €-18k
2024: €232k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€328k-€34k▼ 89.6%€64k▲ 88.8%€261k▲ 305%€173k▼ 33.4%
Operating result€9k-€-292k€54k€215k▲ 301%€-85k
Net result€-725-€-294k▼ 40,499%€30k€196k▲ 549%€-87k
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €85k after €215k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €215k
Fixed assets
€202 ▼ 99.6%
Current assets
€215k ▼ 56.8%
Equity and liabilities €215k
Equity
€173k ▼ 33.4%
Debt
€41k ▼ 85.6%
Debt's share of the balance-sheet total falls from 52.3% to 19.2%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-78k▼
2024 · €242k
Cash flow
€-80k▼
2024 · €223k
Current ratio
5.48▲
2024 · 1.88
Debt to equity
0.24▼
2024 · 1.10
ROE
-50.2%▼
2024 · 75.3%
ROA
-40.6%▼
2024 · 35.9%
Interest coverage
-33.90▼
2024 · 56.39
Debt ≤ 1 year
€39k▼
2024 · €264k
Staff costs
€143k▼
2024 · €723k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 59 lines
Balance sheet
Code20242025
Assets
Total assets20/58€547k€215k▼
Fixed assets21/28€51k€202▼
Tangible fixed assets22/27€51k€0▼
Plant, machinery and equipment23€15k€0▼
Furniture and vehicles24€21k-
Leasing and similar rights25€0-
Other tangible fixed assets26€0€0▼
Assets under construction and advance payments27€14k-
Financial fixed assets28-€202
Current assets29/58€496k€215k▼
Stocks and contracts in progress3€23k-
Stocks30/36€23k-
Amounts receivable within one year40/41€211k€69k▼
Trade receivables40€209k€67k▼
Other amounts receivable41€2k€2k▲
Cash at bank and in hand54/58€253k€142k▼
Deferred charges and accrued income490/1€9k€3k▼
Equity and liabilities
Total equity and liabilities10/49€547k€215k▼
Equity10/15€261k€173k▼
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€6k€6k=
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Profit (loss) carried forward14€192k€105k▼
Amounts payable17/49€286k€41k▼
Amounts payable after more than one year17€21k-
Financial debts170/4€21k-
Amounts payable within one year42/48€264k€39k▼
Current portion of amounts payable after more than one year42€16k€4k▼
Financial debts43€0-
Credit institutions430/8€0-
Trade debts44€157k€16k▼
Suppliers440/4€157k€16k▼
Taxes, remuneration and social security45€92k€15k▼
Taxes450/3€40k€11k▼
Remuneration and social security454/9€52k€3k▼
Other amounts payable47/48-€5k
Accrued charges and deferred income492/3€1k€2k▲
Income statement
Code20242025
Non-recurring operating income76A-€4k
Remuneration, social security and pensions62€723k€143k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€26k€7k▼
Other operating charges640/8€20k€1k▼
Non-recurring operating charges66A€22k€58▼
Gross operating margin9900€1.01M€66k▼
Operating profit (loss)9901€215k€-85k▼
Financial income75/76B€2€480▲
Recurring financial income75€2€480▲
Financial charges65/66B€8k€2k▼
Recurring financial charges65€4k€2k▼
Non-recurring financial charges66B€3k-
Profit (loss) for the period before taxes9903€208k€-87k▼
Income taxes67/77€11k-
Profit (loss) for the period9904€196k€-87k▼
Profit (loss) for the period to be appropriated9905€196k€-87k▼
Appropriation of the result
Profit (loss) to be appropriated9906€192k€105k▼
Profit (loss) brought forward from the previous period14P€-4k€192k▲
Social balance
Average headcount (FTE)908718.64.5▼
The notes to these accounts (12 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
02-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Liquidity triplescurrent ratio 5.48
Current ratio from 1.88 to 5.48; short-term debt falls from €264k to €39k.
26-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Highest result since 2018net €196k ▲549%
Operating result €215k, net result €196k, both a record.
31-12
Financial
Equity above €200kEq €261k ▲305%
2 profitable years in a row build equity to €261k.
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Back to profitnet €30k
Net result €30k after 2 loss-making years.
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Weakest financial yearnet €-294k
Net result drops to €-294k, the lowest in the series; recovery starts the following year.
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
27-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
11-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 11 days late
Show earlier events
2019
09-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
20-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 20 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
8 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, Aubel · 1 establishment unit since 2026
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.
Rue de Battice 1464880 AubelGround area
1.7 ha
Building footprint
4,303 m²
Volume, LiDAR
27,029 m³
2 parcels, Wallonia · tallest building 8.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
CROUSTIFRAIS
since 20262.384.846.552
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63003B0912/00H002 | Wallonia | 1.3 ha | 1 · 174 m² | 0.8 m |
| 62104C0160/00C002 | Wallonia | 3,858 m² | 1 · 4,129 m² | 8.6 m · 2 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteChaudfontaine2.384.846.552
Legal Entity Identifier
875500G18ARAZ1J75S17
Similar companies · same sector, comparable size
RIDDER & HOVE
BE 0477.445.876
Kortrijk · Eq €174,356
BAKKERIJ CLOET
BE 0797.632.384
Brugge · Eq €171,078
B & T BAKKERIJ
BE 0823.589.980
Asse · Eq €176,027
PRALINES VERHEECKE
BE 0885.239.222
Brugge · Eq €170,865
BOUTIQUE ARC-EN-CIEL
BE 0437.019.543
Florenville · Eq €176,507
Of 2,407 companies in sector 47241 we hold annual accounts for 1,100. 844 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded02-05-1997
Fiscal year end31-12
Activities, NACEBEL 2025
47241Retail sale of bread and pastry (bakery outlets)
56112Limited-service restaurants, excluding mobile food services
Sources
Crossroads Bank for EnterprisesNational Bank · 29 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.