DAGERAAD
ActiveSummary
DAGERAAD has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €914,053 and a net result of €50,047. Equity is growing by ~8.8% per year across the filed fiscal years. Its solvency ranks better than 49% of 9620 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability71=
Solvency62▲+2
Growth52=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €60,000 at 30 days acceptable
Liquidity short (current ratio 0.79 against 0.67 in 2023; short-term debt: 32.3% and cash: 0.2% of total assets), and 62.6% of the assets are financed with debt.
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Signals
Five 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
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 17-07-2025, 14 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
14 d early
2023
13 d early
2022
20 d early
2021
18 d early
2020
15 d early
2019
15 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 16 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
In the rankings
#9 employer in Putte, Wholesale and retail trade sector
Equity
€914,053▲ 5.8%
2023 · €864,006
Total assets
€2.4m▼ 1.4%
2023 · €2.5m
Net result
€50,047▼ 2.5%
2023 · €51,328
Working capital
-€168,204▲ 34.4%
2023 · -€256,323
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€34,921▼ 68.2%€436,069▲ 1,149%-€81,869€93,973€86,284▼ 8.2%
Net result€382▼ 99.4%€377,380▲ 98,605%-€122,003€51,328€50,047▼ 2.5%
Equity€557,302▲ 0.1%€934,681▲ 67.7%€812,678▼ 13.1%€864,006▲ 6.3%€914,053▲ 5.8%
Total assets€3.3m▲ 59.3%€3.0m▼ 9.4%€2.6m▼ 11.8%€2.5m▼ 5.2%€2.4m▼ 1.4%
Debt€2.7m▲ 81.4%€2.0m▼ 25.3%€1.8m▼ 11.2%€1.6m▼ 10.4%€1.5m▼ 5.3%
Working capital-€8,940-€214,272▼ 2,297%-€344,308▼ 60.7%-€256,323▲ 25.6%-€168,204▲ 34.4%
Staff (FTE)8.7▼ 6.5%10.4▲ 19.5%8.7▼ 16.3%9.4▲ 8.0%8.9▼ 5.3%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Why a figure moved sharply
- 2021 Net result +98,605%, Equity +68% on 2020. Cause not known from the registers.
- 2020 Total assets +59% on 2019. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 8% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.4m
Fixed assets
€1.8m ▼ 6.9%
Current assets
€620,874 ▲ 19.0%
Equity and liabilities €2.4m
Equity
€914,053 ▲ 5.8%
Debt
€1.5m ▼ 5.3%
Debt's share of the balance-sheet total falls from 65.1% to 62.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€246,777▼
2023 · €251,639
Cash flow
€210,540▲
2023 · €208,994
Current ratio
0.79▲
2023 · 0.67
Quick ratio
0.07▼
2023 · 0.09
Debt to equity
1.67▼
2023 · 1.87
ROE
5.5%▼
2023 · 5.9%
ROA
2.0%▼
2023 · 2.1%
Interest coverage
6.82▲
2023 · 6.00
Debt ≤ 1 year
€789,077▲
2023 · €778,080
Debt > 1 year
€740,300▼
2023 · €836,501
Income taxes
€72▼
2023 · €741
Staff costs
€404,319▲
2023 · €347,354
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 16,986 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.5%
went bankrupt
4.9%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% 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 497,058 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 16,986 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €373 | - | - | €2,060 | - |
| Remuneration, social security and pensions62 | - | €354,283 | €356,296 | €347,354 | €404,319 | ▲ 16.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €120,579 | €167,666 | €163,084 | €157,666 | €160,493 | ▲ 1.8% |
| Other operating charges640/8 | - | €7,707 | €7,443 | €9,368 | €10,378 | ▲ 10.8% |
| Non-recurring operating charges66A | - | - | - | €2,421 | €0 | ▼ 100% |
| Gross operating margin9900 | €491,444 | €965,725 | €444,955 | €610,783 | €661,475 | ▲ 8.3% |
| Operating profit (loss)9901 | €34,921 | €436,069 | -€81,869 | €93,973 | €86,284 | ▼ 8.2% |
| Financial income75/76B | - | €2 | €85 | €10 | €25 | ▲ 143% |
| Recurring financial income75 | €3 | €2 | €85 | €10 | €25 | ▲ 143% |
| Financial charges65/66B | - | €44,456 | €39,657 | €41,915 | €36,190 | ▼ 13.7% |
| Recurring financial charges65 | €34,046 | €44,456 | €39,657 | €41,915 | €36,190 | ▼ 13.7% |
| Profit (loss) for the period before taxes9903 | €877 | €391,616 | -€121,441 | €52,068 | €50,119 | ▼ 3.7% |
| Income taxes67/77 | €495 | €14,236 | €562 | €741 | €72 | ▼ 90.2% |
| Profit (loss) for the period9904 | €382 | €377,380 | -€122,003 | €51,328 | €50,047 | ▼ 2.5% |
| Profit (loss) for the period to be appropriated9905 | €382 | €377,380 | -€122,003 | €51,328 | €50,047 | ▼ 2.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.3m | €3.0m | €2.6m | €2.5m | €2.4m | ▼ 1.4% |
| Fixed assets21/28 | €1.7m | €2.2m | €2.1m | €2.0m | €1.8m | ▼ 6.9% |
| Tangible fixed assets22/27 | €1.7m | €2.2m | €2.1m | €2.0m | €1.8m | ▼ 6.9% |
| Land and buildings22 | - | €2.1m | €2.0m | €1.9m | €1.7m | ▼ 6.2% |
| Plant, machinery and equipment23 | - | €115,585 | €94,679 | €72,050 | €58,678 | ▼ 18.6% |
| Furniture and vehicles24 | - | €45,522 | €31,425 | €27,593 | €21,525 | ▼ 22.0% |
| Financial fixed assets28 | €8,027 | €8,027 | €3,627 | €3,627 | €3,327 | ▼ 8.3% |
| Current assets29/58 | €1.5m | €743,252 | €526,962 | €521,758 | €620,874 | ▲ 19.0% |
| Amounts receivable after more than one year29 | - | €10,000 | €10,000 | €10,000 | €0 | ▼ 100% |
| Trade receivables290 | - | - | - | €10,000 | €0 | ▼ 100% |
| Other amounts receivable291 | - | €10,000 | €10,000 | €0 | - | - |
| Stocks and contracts in progress3 | €1.5m | €321,689 | €402,684 | €454,577 | €566,261 | ▲ 24.6% |
| Stocks30/36 | - | €321,689 | €402,684 | €454,577 | €566,261 | ▲ 24.6% |
| Amounts receivable within one year40/41 | €53,942 | €28,887 | €30,350 | €30,014 | €49,068 | ▲ 63.5% |
| Trade receivables40 | - | €3,618 | €3,781 | €25,446 | €25,027 | ▼ 1.6% |
| Other amounts receivable41 | - | €25,269 | €26,568 | €4,568 | €24,041 | ▲ 426% |
| Cash at bank and in hand54/58 | €15,134 | €380,913 | €83,928 | €25,478 | €5,095 | ▼ 80.0% |
| Deferred charges and accrued income490/1 | - | €1,763 | - | €1,688 | €450 | ▼ 73.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.3m | €3.0m | €2.6m | €2.5m | €2.4m | ▼ 1.4% |
| Equity10/15 | €557,302 | €934,681 | €812,678 | €864,006 | €914,053 | ▲ 5.8% |
| Contributions10/11 | €248,300 | €248,300 | €248,300 | €248,300 | €248,300 | = |
| Capital10 | - | €248,300 | €248,300 | €248,300 | €248,300 | = |
| Issued capital100 | - | €248,300 | €248,300 | €248,300 | €248,300 | = |
| Reserves13 | €309,002 | €686,381 | €564,378 | €615,706 | €665,753 | ▲ 8.1% |
| Non-distributable reserves130/1 | - | €24,830 | €24,830 | €24,830 | €24,830 | = |
| Legal reserve130 | - | €24,830 | €24,830 | €24,830 | €24,830 | = |
| Distributable reserves133 | - | €661,551 | €539,548 | €590,876 | €640,923 | ▲ 8.5% |
| Amounts payable17/49 | €2.7m | €2.0m | €1.8m | €1.6m | €1.5m | ▼ 5.3% |
| Amounts payable after more than one year17 | €1.2m | €1.1m | €930,751 | €836,501 | €740,300 | ▼ 11.5% |
| Financial debts170/4 | - | €1.1m | €930,751 | €836,501 | €740,300 | ▼ 11.5% |
| Amounts payable within one year42/48 | €1.5m | €957,524 | €871,269 | €778,080 | €789,077 | ▲ 1.4% |
| Current portion of amounts payable after more than one year42 | - | €110,241 | €110,772 | €94,249 | €96,201 | ▲ 2.1% |
| Financial debts43 | - | €143,161 | €183,103 | €175,149 | €156,055 | ▼ 10.9% |
| Credit institutions430/8 | - | €143,161 | €183,103 | €175,149 | €156,055 | ▼ 10.9% |
| Trade debts44 | €464,449 | €507,574 | €409,127 | €341,320 | €342,963 | ▲ 0.5% |
| Suppliers440/4 | - | €507,574 | €409,127 | €341,320 | €342,963 | ▲ 0.5% |
| Advances received on contracts in progress46 | - | - | €741 | €0 | - | - |
| Taxes, remuneration and social security45 | - | €60,226 | €58,871 | €59,195 | €71,021 | ▲ 20.0% |
| Taxes450/3 | - | €6,027 | - | €241 | €0 | ▼ 100% |
| Remuneration and social security454/9 | - | €54,199 | €58,871 | €58,953 | €71,021 | ▲ 20.5% |
| Other amounts payable47/48 | - | €136,322 | €108,656 | €108,167 | €122,837 | ▲ 13.6% |
| Accrued charges and deferred income492/3 | - | €1,718 | - | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €382 | €377,380 | -€122,003 | €51,328 | €50,047 | ▼ 2.5% |
| + Depreciation and write-downs630 | €120,579 | €167,666 | €163,084 | €157,666 | €160,493 | ▲ 1.8% |
| Operating cash flow (approximation) | €120,961 | €545,046 | €41,081 | €208,994 | €210,540 | ▲ 0.7% |
| Investment in fixed assets (approximation) | - | -€649,860 | -€29,482 | -€26,760 | -€26,220 | ▲ 2.0% |
| Change in cash | - | €365,779 | -€296,985 | -€58,450 | -€20,383 | ▲ 65.1% |
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
2025
17-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
18-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Back to profitnet €51,328
Net result €51,328 after one loss-making year.
11-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Weakest financial yearnet -€122,003
Net result drops to -€122,003, the lowest in the series; recovery starts the following year.
13-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Highest result since 2018net €377,380 ▲98,605%
Operating result €436,069, net result €377,380, both a record.
16-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
16-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Equity above €500,000Eq €556,919 ▲12.1%
2 profitable years in a row build equity to €556,919.
16-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
16-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
14-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
15-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 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
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, Putte · 3 establishment units since 1994
Ground area
4,744 m²
Building footprint
889 m²
Volume, LiDAR
5,258 m³
4 parcels, Flanders · tallest building 14.0 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
3 establishment units
Dageraad
since 19942.069.413.935
Patisserie Matthijs
since 20072.180.459.436
Patisserie Fleur
since 20172.269.524.341
4 parcels
Flanders
4
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12029C0199/00D000 | Flanders | 2,307 m² | 1 · 234 m² | 7.6 m · 2 fl. |
| 12006C1217/00A000 | Flanders | 1,447 m² | 1 · 197 m² | 10.0 m · 3 fl. |
| 12029A0701/00V000 | Flanders | 619 m² | 1 · 266 m² | 14.0 m · 2 fl. |
| 12002C0884/00R006 | Flanders | 371 m² | 1 · 192 m² | 10.4 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
4 of 4 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
3 sitesBerlaar2.180.459.436
Heist-op-den-Berg2.069.413.935
Putte2.269.524.341
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Of 2,403 companies in sector 47241 we hold annual accounts for 1,101. 429 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded22-11-1994
Fiscal year end31-12
Activities, NACEBEL 2025
47241Retail sale of bread and pastry (bakery outlets)
68121Development of residential building projects
E-invoicing
Reachable via Peppol
Peppol ID
0208:0453870720
Also
9925:BE0453870720
Registered
31-10-2025
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.