DE TORRE 2.0
ActiveThe computed 12-month bankruptcy probability of DE TORRE 2.0 is 2.8% (moderate). The 2023 annual accounts show equity of €53k and a net result of €6k. Equity is growing by ~18.6% per year across the filed fiscal years. Its solvency ranks better than 62% of 1946 sector peers (fiscal year 2023). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2023
76
/ 100
Excellent▲ +15 vs 2022
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2022
Profitability59▼-41
Solvency62▲+4
Growth52=
Stability94
Bankruptcy probability, 12 months
2.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days only on tighter terms
Liquidity tight (current ratio 1.02 against 0.74 in 2022), and 60% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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 10
Relative position
BE, all sectors
reference
Sector 10
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 2023Solvency, return and age of the figures
Solvency
40%
Return on assets
4.7%
Age of the figures
32 mo
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 3 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline14-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 28-10-2024, 89 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 · 3 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
89 d late
2022
60 d late
2021
425 d late
← before the deadline
after the deadline →
Financials · fiscal year 2023, micro schema
Equity
€53k▲ 13.5%
2022 · €46k
2021: €35k
2022: €46k
2021 → 2023
Total assets
€132k▲ 17.7%
2022 · €112k
2021: €120k
2022: €112k
2021 → 2023
Net result
€6k▼ 43.2%
2022 · €11k
2021: €33k
2022: €11k
2021 → 2023
Working capital
€2k
2022 · €-17k
2021: €-36k
2022: €-17k
2021 → 2023
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202120222023Trend
Equity€35k-€46k▲ 31.1%€53k▲ 13.5%
Operating result€41k-€16k▼ 61.2%€9k▼ 44.9%
Net result€33k-€11k▼ 66.6%€6k▼ 43.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2023 is 45% below 2022 and is the lowest year so far.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €132k
Fixed assets
€51k▼ 19.3%
Current assets
€81k▲ 65.5%
Equity and liabilities €132k
Equity
€53k▲ 13.5%
Debt
€79k▲ 20.6%
The debt ratio rises from 58.6% to 60.0%: debt grows faster than equity.
Key figures and ratios
EBITDA
€27k▼
2022 · €32k
Cash flow
€25k▼
2022 · €27k
Solvency
40.0%▼
2022 · 41.4%
Current ratio
1.02▲
2022 · 0.74
Quick ratio
0.97▲
2022 · 0.69
Debt / equity
1.50▲
2022 · 1.41
ROE
11.9%▼
2022 · 23.7%
ROA
4.7%▼
2022 · 9.8%
Interest coverage
11.23▼
2022 · 16.47
Debt
€79k▲
2022 · €66k
Debt ≤ 1 year
€79k▲
2022 · €66k
Income taxes
€3k▼
2022 · €4k
Staff costs
€34k▲
2022 · €22k
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 · 2023 against 2022
Balance sheet
Code20222023
Assets
Total assets20/58€112k€132k▲
Fixed assets21/28€63k€51k▼
Tangible fixed assets22/27€63k€51k▼
Plant, machinery and equipment23€25k€22k▼
Furniture and vehicles24€2k€661▼
Other tangible fixed assets26€37k€28k▼
Current assets29/58€49k€81k▲
Amounts receivable after more than one year29€30k€60k▲
Other amounts receivable291€30k€60k▲
Stocks and contracts in progress3€4k€4k▲
Stocks30/36€4k€4k▲
Amounts receivable within one year40/41€11k€12k▲
Trade receivables40€759€1k▲
Other amounts receivable41€10k€11k▲
Cash at bank and in hand54/58€3k€4k▲
Deferred charges and accrued income490/1€628€628=
Equity and liabilities
Total equity and liabilities10/49€112k€132k▲
Equity10/15€46k€53k▲
Contributions10/11€5k€5k=
Reserves13€41k€47k▲
Distributable reserves133€41k€47k▲
Profit (loss) carried forward14€423€678▲
Amounts payable17/49€66k€79k▲
Amounts payable within one year42/48€66k€79k▲
Trade debts44€40k€53k▲
Suppliers440/4€40k€53k▲
Taxes, remuneration and social security45€22k€23k▲
Taxes450/3€19k€17k▼
Remuneration and social security454/9€3k€6k▲
Other amounts payable47/48€3k€3k▲
Income statement
Code20222023
Remuneration, social security and pensions62€22k€34k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€16k€18k▲
Other operating charges640/8€946€681▼
Gross operating margin9900€55k€62k▲
Operating profit (loss)9901€16k€9k▼
Financial income75/76B€963€2k▲
Recurring financial income75€963€2k▲
Financial charges65/66B€2k€2k▲
Recurring financial charges65€2k€2k▲
Profit (loss) for the period before taxes9903€15k€9k▼
Income taxes67/77€4k€3k▼
Profit (loss) for the period9904€11k€6k▼
Profit (loss) for the period to be appropriated9905€11k€6k▼
Appropriation of the result
Profit (loss) to be appropriated9906€11k€7k▼
Profit (loss) brought forward from the previous period14P€418€423▲
Transfer to equity691/2€11k€6k▼
To other reserves6921€11k€6k▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2024
28-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 89 days late
2023
31-12
Financial
Weakest financial yearnet €6k ▼43.2%
Net result drops to €6k, the lowest in the series.
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 60 days late
29-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 425 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Koekelare · 1 establishment unit since 2020
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.
Concertplein 48680 KoekelareGround area
843 m²
Building footprint
843 m²
Volume, LiDAR
6,756 m³
Parcel 32010C1118/02A000, Flanders · tallest building 14.9 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
DE TORRE 2.0
since 20202.307.257.341
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 32010C1118/02A000 | Flanders | 843 m² | 1 · 843 m² | 14.9 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel 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 siteKoekelare2.307.257.341
Similar companies · same sector, comparable size
LE CERF
BE 0809.137.574
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BE 0846.956.884
Gent · Eq €53k
Bäckerei - Konditorei WERTZ
BE 0439.345.563
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MIRNAN
BE 0743.816.784
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BAKKERIJ CEULEMANTS - BODEN
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Of 4,201 companies in sector 10712 we hold annual accounts for 1,851. 1,526 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded18-09-2020
Fiscal year end31-12
Activities, NACEBEL
10712Artisanal bread and fresh pastry making
10711Manufacture of food products
10720Manufacture of food products
47241Retail sale of bread and pastry (bakery outlets)
56102Limited-service restaurants
56112Limited-service restaurants, excluding mobile food services
56210Event catering
56301Cafés and bars
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.