Equity
-€9,759
Debts exceed assets in financial year 2025.
ELIF BAKERY INDUSTRIES
Lifetime
6 annual accounts with figures on one time axisTurnoverpeak €1.5m (2023)
€356,301▼ 23.2%
Resultlowest -€176,994 (2021)
€44,991▼ 24.7%
Equitypeak -€9,759 (2025)
-€9,759▲ €44,991
Debts
€1.0m▼ 10.9%
Staffpeak 1 FTE (2020)
-not published
Documentsfilings and deeds
31-08-202631 days late
2025micro format
Turnover from €463,759 to €356,301Equity from -€54,750 to -€9,759Cash from €2,508 to €8,789
Key points
from the 2025 annual accountsDebts
€1.0m 101% of the balance sheet
Financial debts 70%Suppliers 12%Other 18%
Of this, €379,809 falls due within a year.
Payment terms
249 days to suppliers
ELIF BAKERY INDUSTRIES pays its suppliers 88 days later than in 2024. Customers pay 2 days later.
2025 accounts filed 31 days after the deadline
Checked score
50
Fair
Financially stronger than 41% of micro companies in food products (NACE 10)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
3.0% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 1.1% across 3,082 companies (NACE 10, micro).
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 3.1%
01-2025: 3.1%● unchanged vs 12-2024
02-2025: 3.1%● unchanged vs 01-2025
03-2025: 3.1%● unchanged vs 02-2025
04-2025: 3.2%▲ +0.1 percentage points vs 03-2025
05-2025: 3.2%● unchanged vs 04-2025
06-2025: 3.7%▲ +0.5 percentage points vs 05-2025
07-2025: 3.7%● unchanged vs 06-2025
08-2025: 4.1%▲ +0.4 percentage points vs 07-2025
09-2025: 4.2%▲ +0.1 percentage points vs 08-2025
10-2025: 4.4%▲ +0.2 percentage points vs 09-2025
11-2025: 4.5%▲ +0.1 percentage points vs 10-2025
12-2025: 5.0%▲ +0.5 percentage points vs 11-2025
01-2026: 6.7%▲ +1.7 percentage points vs 12-2025
02-2026: 7.4%▲ +0.7 percentage points vs 01-2026
03-2026: 7.8%▲ +0.4 percentage points vs 02-2026highest value
04-2026: 7.8%● unchanged vs 03-2026highest value
05-2026: 7.5%▼ -0.3 percentage points vs 04-2026
06-2026: 7.5%● unchanged vs 05-2026
07-2026: 7.1%▼ -0.4 percentage points vs 06-2026
08-2026: 7.5%▲ +0.4 percentage points vs 07-2026
09-2026: 3.0%▼ -4.5 percentage points vs 08-2026lowest value
10-2026: 3.0%● unchanged vs 09-2026lowest value
11-2026: 3.0%● unchanged vs 10-2026lowest value
Financial strengthAverage
Score breakdown
raises risk
Sector: Manufacture of food products (NACE 10)
Last filed accounts filed 31 days late; 3 of the last 3 accounts late
Negative equity -€9,759
lowers risk
Size: turnover €356,301, total assets €1.0m
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 10, micro). It does better than 19% of them on solvency, 25% on liquidity, 72% on profitability and 49% on growth.
The bankruptcy probability was computed on 05-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 457 companies had the same profile as ELIF BAKERY INDUSTRIES has now. Each dot is one company, two years later.
97.2%
were still trading
2.0%
stopped another way
0.7%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of ELIF BAKERY INDUSTRIES itself is higher: 3.0% within 12 months. It rests on far more data about ELIF BAKERY INDUSTRIES than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 457 companies, not a prediction for ELIF BAKERY INDUSTRIES. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
No credit on open account
Liquidity is insufficient, with a current ratio of 0.08 (0.11 in 2024), below 1. Short-term debt is 37.1% and cash 0.9% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 1911 sector peers (2025).
NBB · sector comparisonPosition among 1911 sector peers
Solvency
better than 22%
← weakest
strongest →
raises risk · 2025 accounts filed 31 days late
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. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 6 filingsDeviation from the deadline
2025
31 days late
2024
157 days late
2023
68 days late
2022
241 days late
2021
236 days late
2020
5 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 6 accounts on average 123 days after the deadline. In the sector (NACE 10), the median for financial year 2024 was 4 days before the deadline, and 38% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 4 January (4 of the last 5 accounts filed within 88 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
06-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0748744186
Incorporation
published on 23-06-2020 · Gazette deed
First establishment
Duffelsesteenweg 166, Kontich
Comparable companies
same main activity, similar in size and age| Company | Total assets | Gross margin | Solvency | Staff |
|---|---|---|---|---|
| ELIF BAKERY INDUSTRIES Kontich | €1.0m | €172,199 | -1.0% | - |
| Bakkerij De Ploeg Tielt-Winge | €0.7m | €179,786 | 5.6% | - |
| Van Tendeloo Gil Berlaar | €0.5m | €138,123 | 14.9% | - |
| BROODATELIER BD Ypres | €0.7m | €101,420 | 21.5% | - |
| Cru'Taste Tielt | €0.5m | €161,226 | -5.2% | - |
| HIMSCHOOT Ghent | €1.8m | €248,694 | 11.1% | 15.3 |
| SIEDE Oostkamp | €0.6m | €197,133 | 35.4% | - |
These companies have the same main activity as ELIF BAKERY INDUSTRIES: manufacture of food products (NACE 10711). They are comparable in size and age: total assets between €470,000 and €1.8m, founded between 2016 and 2021.
Official details
Source: KBO- Status
- Active since 19-06-2020Normal situation
- Activity
- Manufacture of food productsNACE 10711
- Joint committees
- 220White-collar workers in the food industry
- 118Food industry · annual accounts 2023
- Establishment unit
- 2.304.244.9952550 Kontich, since 19-06-2020
- Financial year end
- 31 December
- Peppol
- Reachable since 31-03-2026
Annual accounts 2025
- Total assets
- €1.0m▼ 7.3%
- Staff
- ≈ 1.2 FTEestimated
- Filing
- Filed on 31-08-2026
Insights on ELIF BAKERY INDUSTRIES
ELIF BAKERY INDUSTRIES has existed since 2020. Turnover fell from €1.5m in 2023 to €463,759 in 2024.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about ELIF BAKERY INDUSTRIES
- What is the company number of ELIF BAKERY INDUSTRIES?
- The company number of ELIF BAKERY INDUSTRIES is 0748.744.186. The VAT number is the same number with BE in front: BE 0748.744.186.
- Where is ELIF BAKERY INDUSTRIES based?
- The registered office is at Duffelsesteenweg 166, 2550 Kontich.Company details
- What does ELIF BAKERY INDUSTRIES do?
- According to the KBO register, the main activity is manufacture of food products (NACE 10711).
- What is the legal form of ELIF BAKERY INDUSTRIES?
- ELIF BAKERY INDUSTRIES is a public limited company (NV).
- When was ELIF BAKERY INDUSTRIES founded?
- ELIF BAKERY INDUSTRIES was founded on 19-06-2020.
- Is ELIF BAKERY INDUSTRIES still active?
- Yes, ELIF BAKERY INDUSTRIES is an active enterprise in the KBO register.
- How many employees does ELIF BAKERY INDUSTRIES have?
- ELIF BAKERY INDUSTRIES had an average of 11.7 full-time equivalents in financial year 2023, according to the filed annual accounts.Financials
- Which joint committee does ELIF BAKERY INDUSTRIES fall under?
- In its 2023 annual accounts, ELIF BAKERY INDUSTRIES states joint committees 220 (White-collar workers in the food industry) and 118 (Food industry).
- What is the turnover of ELIF BAKERY INDUSTRIES?
- The turnover of ELIF BAKERY INDUSTRIES was €356,301 in financial year 2025, according to the filed annual accounts.
- Is ELIF BAKERY INDUSTRIES profitable?
- In financial year 2025, ELIF BAKERY INDUSTRIES made a profit of €44,991.
- Where can I find the annual accounts of ELIF BAKERY INDUSTRIES?
- ELIF BAKERY INDUSTRIES filed 6 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of ELIF BAKERY INDUSTRIES due?
- ELIF BAKERY INDUSTRIES must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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