DRIE STERREN
ActiveSummary
DRIE STERREN has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €257,069 and a net result of €441. Equity is growing by ~10.5% per year across the filed fiscal years. Its solvency ranks better than 86% of 1577 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability69▲+1
Solvency100=
Growth56▼-16
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €21,000 at 30 days acceptable
Liquidity ample (current ratio 3.24 against 3.11 in 2024; short-term debt: 25.4% and cash: 66.1% of total assets), and 25.4% 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
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
74.6%
Return on assets
0.1%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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
31 d late
2024
25 d late
2023
18 d early
2022
16 d early
2021
13 d early
2020
31 d late
2019
73 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 16 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 18 July (4 of the last 5 filed years within 38 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€1.2m▲ 9.6%
2023 · €1.1m
EBIT margin
3.9%▲ 0.9pp
2023 · 2.9%
Net result
€441▼ 98.6%
2024 · €31,524
Working capital
€195,276▲ 10.9%
2024 · €176,061
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: 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. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€756,952▲ 1.5%€964,056▲ 27.4%€1.1m▲ 10.9%€1.2m▲ 9.6%
Operating result€21,549▼ 16.1%€26,903▲ 24.8%€31,524▲ 17.2%€45,265▲ 43.6%€10,808▼ 76.1%
Net result€7,035within the sector's middle half▼ 75.4%€23,079within the sector's middle half▲ 228%€26,750within the sector's middle half▲ 15.9%€31,524above the sector's middle half▲ 17.8%€441within the sector's middle half▼ 98.6%
EBIT margin2.8%▼ 0.6pp2.8%▼ 0.1pp2.9%▲ 0.2pp3.9%▲ 0.9pp
Equity€175,275above the sector's middle half▲ 4.2%€198,354above the sector's middle half▲ 13.2%€225,104above the sector's middle half▲ 13.5%€256,628above the sector's middle half▲ 14.0%€257,069above the sector's middle half▲ 0.2%
Total assets€216,180within the sector's middle half▲ 8.0%€296,530within the sector's middle half▲ 37.2%€324,239within the sector's middle half▲ 9.3%€340,251within the sector's middle half▲ 4.9%€344,414within the sector's middle half▲ 1.2%
Debt€40,905▲ 28.2%€98,175▲ 140%€99,135▲ 1.0%€83,622▼ 15.6%€87,345▲ 4.5%
Working capital€131,509above the sector's middle half▼ 9.7%€81,189above the sector's middle half▼ 38.3%€122,584above the sector's middle half▲ 51.0%€176,061above the sector's middle half▲ 43.6%€195,276above the sector's middle half▲ 10.9%
Solvency81.1%above the sector's middle half▼ 3.0pp66.9%above the sector's middle half▼ 14.2pp69.4%above the sector's middle half▲ 2.5pp75.4%above the sector's middle half▲ 6.0pp74.6%above the sector's middle half▼ 0.8pp
Current ratio4.22above the sector's middle half▼ 1.351.83within the sector's middle half▼ 2.392.24above the sector's middle half▲ 0.413.11above the sector's middle half▲ 0.873.24above the sector's middle half▲ 0.13
Return on assets (ROA)3.3%within the sector's middle half▼ 11.0pp7.8%within the sector's middle half▲ 4.5pp8.2%within the sector's middle half▲ 0.5pp9.3%within the sector's middle half▲ 1.0pp0.1%within the sector's middle half▼ 9.1pp
Staff (FTE)1▼ 44.4%1.3▲ 30.0%1.2▼ 7.7%2.3▲ 91.7%2.2▼ 4.3%
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 or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 76% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €344,414
Fixed assets
€61,793 ▼ 23.3%
Current assets
€282,621 ▲ 8.8%
Equity and liabilities €344,414
Equity
€257,069 ▲ 0.2%
Debt
€87,345 ▲ 4.5%
Debt's share of the balance-sheet total rises from 24.6% to 25.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€29,582▼
2024 · €67,218
Cash flow
€19,215▼
2024 · €53,477
Quick ratio
2.72▼
2024 · 2.74
Debt to equity
0.34▲
2024 · 0.33
ROE
0.2%▼
2024 · 12.3%
Interest coverage
6.49▼
2024 · 87.42
Debt ≤ 1 year
€87,345▲
2024 · €83,622
Income taxes
€6,000▼
2024 · €16,008
Staff costs
€102,263▲
2024 · €98,230
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,040 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 0.2% 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 497,341 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% | 1.8% |
| 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 17,040 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 |
|---|---|---|---|---|---|---|
| Turnover70 | €756,952 | €964,056 | €1.1m | €1.2m | - | - |
| Goods, raw materials, services and sundry goods60/61 | €687,565 | €867,732 | €956,996 | €1.0m | - | - |
| Remuneration, social security and pensions62 | €36,326 | €50,295 | €54,222 | €98,230 | €102,263 | ▲ 4.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,824 | €14,329 | €22,681 | €21,953 | €18,774 | ▼ 14.5% |
| Other operating charges640/8 | €4,688 | €4,797 | €3,780 | €3,739 | €2,815 | ▼ 24.7% |
| Gross operating margin9900 | €69,387 | €96,324 | €112,207 | €169,187 | €134,660 | ▼ 20.4% |
| Operating profit (loss)9901 | €21,549 | €26,903 | €31,524 | €45,265 | €10,808 | ▼ 76.1% |
| Financial income75/76B | €6,112 | €2,599 | €3,751 | €3,036 | €193 | ▼ 93.6% |
| Recurring financial income75 | €995 | €1 | €345 | €183 | €193 | ▲ 5.5% |
| Non-recurring financial income76B | €5,117 | €2,599 | €3,406 | €2,853 | - | - |
| Financial charges65/66B | €465 | €659 | €356 | €769 | €4,560 | ▲ 493% |
| Recurring financial charges65 | €465 | €659 | €356 | €769 | €4,560 | ▲ 493% |
| Profit (loss) for the period before taxes9903 | €27,196 | €28,844 | €34,918 | €47,532 | €6,441 | ▼ 86.4% |
| Income taxes67/77 | €20,161 | €5,765 | €8,169 | €16,008 | €6,000 | ▼ 62.5% |
| Profit (loss) for the period9904 | €7,035 | €23,079 | €26,750 | €31,524 | €441 | ▼ 98.6% |
| Profit (loss) for the period to be appropriated9905 | €7,035 | €23,079 | €26,750 | €31,524 | €441 | ▼ 98.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €216,180 | €296,530 | €324,239 | €340,251 | €344,414 | ▲ 1.2% |
| Fixed assets21/28 | €43,766 | €117,166 | €102,520 | €80,567 | €61,793 | ▼ 23.3% |
| Tangible fixed assets22/27 | €40,595 | €113,994 | €99,348 | €77,396 | €58,622 | ▼ 24.3% |
| Plant, machinery and equipment23 | €37,329 | €57,144 | €56,030 | €46,342 | €39,834 | ▼ 14.0% |
| Furniture and vehicles24 | €3,266 | €56,850 | €43,319 | €31,053 | €18,788 | ▼ 39.5% |
| Financial fixed assets28 | €3,172 | €3,172 | €3,172 | €3,172 | €3,172 | = |
| Current assets29/58 | €172,414 | €179,364 | €221,719 | €259,683 | €282,621 | ▲ 8.8% |
| Stocks and contracts in progress3 | €40,140 | €9,614 | €26,764 | €30,875 | €45,055 | ▲ 45.9% |
| Stocks30/36 | €40,140 | €9,614 | €26,764 | €30,875 | €45,055 | ▲ 45.9% |
| Amounts receivable within one year40/41 | €94,430 | €78,097 | €50,987 | €7,350 | €10,008 | ▲ 36.2% |
| Trade receivables40 | - | - | €3,652 | €2,122 | €2,122 | = |
| Other amounts receivable41 | €94,430 | €78,097 | €47,335 | €5,228 | €7,886 | ▲ 50.9% |
| Cash at bank and in hand54/58 | €37,513 | €91,653 | €143,968 | €221,459 | €227,558 | ▲ 2.8% |
| Deferred charges and accrued income490/1 | €330 | - | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €216,180 | €296,530 | €324,239 | €340,251 | €344,414 | ▲ 1.2% |
| Equity10/15 | €175,275 | €198,354 | €225,104 | €256,628 | €257,069 | ▲ 0.2% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Outside capital11 | €18,600 | €18,600 | - | - | - | - |
| Other1109/19 | €18,600 | €18,600 | - | - | - | - |
| Reserves13 | €65,383 | €65,383 | €65,383 | €65,383 | €65,383 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Tax-exempt reserves132 | €56,995 | €56,995 | €56,995 | €56,995 | €56,995 | = |
| Distributable reserves133 | €6,528 | €6,528 | €6,528 | €6,528 | €6,528 | = |
| Profit (loss) carried forward14 | €91,292 | €114,371 | €141,121 | €172,645 | €173,086 | ▲ 0.3% |
| Amounts payable17/49 | €40,905 | €98,175 | €99,135 | €83,622 | €87,345 | ▲ 4.5% |
| Amounts payable within one year42/48 | €40,905 | €98,175 | €99,135 | €83,622 | €87,345 | ▲ 4.5% |
| Current portion of amounts payable after more than one year42 | - | €39,902 | €27,863 | €17,408 | - | - |
| Financial debts43 | - | - | - | - | €5,725 | - |
| Credit institutions430/8 | - | - | - | - | €5,725 | - |
| Trade debts44 | €21,158 | €35,928 | €54,450 | €32,558 | €43,642 | ▲ 34.0% |
| Suppliers440/4 | €21,158 | €35,928 | €54,450 | €32,558 | €43,642 | ▲ 34.0% |
| Taxes, remuneration and social security45 | €4,148 | €5,209 | €12,479 | €29,782 | €34,086 | ▲ 14.5% |
| Taxes450/3 | - | - | - | €1,488 | - | - |
| Remuneration and social security454/9 | €4,148 | €5,209 | €12,479 | €28,294 | €34,086 | ▲ 20.5% |
| Other amounts payable47/48 | €15,599 | €17,136 | €4,343 | €3,875 | €3,892 | ▲ 0.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €7,035 | €23,079 | €26,750 | €31,524 | €441 | ▼ 98.6% |
| + Depreciation and write-downs630 | €6,824 | €14,329 | €22,681 | €21,953 | €18,774 | ▼ 14.5% |
| Operating cash flow (approximation) | €13,859 | €37,408 | €49,431 | €53,477 | €19,215 | ▼ 64.1% |
| Investment in fixed assets (approximation) | - | -€87,729 | -€8,035 | €0 | €0 | - |
| Change in cash | - | €54,139 | €52,315 | €77,492 | €6,099 | ▼ 92.1% |
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
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Weakest financial yearnet €441 ▼98.6%
Net result drops to €441, the lowest in the series.
25-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 25 days late
2024
31-12
Financial
Highest result since 2018net €31,524 ▲17.8%
Operating result €45,265, net result €31,524, both a record.
13-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €200,000Eq €225,104 ▲13.5%
6 profitable years in a row build equity to €225,104.
15-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
18-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Equity above €150,000Eq €168,240 ▲20.5%
3 profitable years in a row build equity to €168,240.
12-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 73 days late
2019
28-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
30-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
14-06
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.
Directors · office · real estate
Directors
We have established no sitting directors for this company in the Gazette acts read. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Antwerpen · 2 establishment units since 1996
Ground area
205 m²
Building footprint
205 m²
Volume, LiDAR
2,420 m³
2 parcels, Flanders · tallest building 14.4 m, ±5 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
2 establishment units
DRIE STERREN
since 19962.076.894.021
DRIE STERREN
since 20022.178.711.555
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11805E0212/00A016 | Flanders | 109 m² | 1 · 109 m² | 14.3 m · 5 fl. |
| 11805E0209/00D002 | Flanders | 96 m² | 1 · 96 m² | 11.5 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
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
2 sitesAntwerpen2.076.894.021
Antwerpen2.178.711.555
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Of 4,226 companies in this sector we hold annual accounts for 1,878. 1,459 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded10-02-1994
Fiscal year end31-12
Activities, NACEBEL 2025
10712Artisanal bread and fresh pastry making
E-invoicing
Reachable via Peppol
Peppol ID
0208:0452189551
Registered
17-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.