FINBAKES
ActiveFINBAKES has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €83k and a net result of €41k. Equity is growing by ~84.7% per year across the filed fiscal years. Its solvency ranks better than 52% of 37972 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
100
/ 100
Excellent= vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100=
Solvency99▲+2
Growth56▲+4
Stability94
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days acceptable
Liquidity ample (current ratio 2.44 against 2.07 in 2023), and 39.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 22-09-2025, 53 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
53 d late
2023
419 d late
2022
784 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Turnover
€187k▲ 15.2%
2023 · €162k
2022: €210k
2023: €162k
2022 → 2024
EBIT margin
30.8%▲ 5.5pp
2023 · 25.2%
2022: 7.2%
2023: 25.2%
2022 → 2024
Net result
€41k▲ 31.3%
2023 · €31k
2022: €9k
2023: €31k
2022 → 2024
Working capital
€78k▲ 109%
2023 · €37k
2022: €13k
2023: €37k
2022 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202220232024Trend
Turnover€210k-€162k▼ 23.0%€187k▲ 15.2%
Equity€11k-€42k▲ 273%€83k▲ 96.1%
Operating result€15k-€41k▲ 171%€57k▲ 40.4%
Net result€9k-€31k▲ 232%€41k▲ 31.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen two years in a row; 2024 is 40% above 2023 and is the highest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €137k
Fixed assets
€5k▲ 3.6%
Current assets
€132k▲ 83.3%
Equity and liabilities €137k
Equity
€83k▲ 96.1%
Debt
€54k▲ 55.9%
The debt ratio falls from 45.1% to 39.5%: equity grows faster than debt.
Key figures and ratios
EBITDA
€61k▲
2023 · €52k
Cash flow
€45k▲
2023 · €42k
Solvency
60.5%▲
2023 · 54.9%
Current ratio
2.44▲
2023 · 2.07
Quick ratio
2.44▲
2023 · 2.07
Debt / equity
0.65▼
2023 · 0.82
ROE
49.0%▼
2023 · 73.2%
ROA
29.7%▼
2023 · 40.2%
Interest coverage
2402.92▲
2023 · 845.45
Debt
€54k▲
2023 · €35k
Debt ≤ 1 year
€54k▲
2023 · €35k
Income taxes
€17k▲
2023 · €10k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€77k€137k▲
Fixed assets21/28€5k€5k▲
Tangible fixed assets22/27€5k€5k▲
Plant, machinery and equipment23-€2k
Furniture and vehicles24€4k€3k▼
Other tangible fixed assets26€1k-
Current assets29/58€72k€132k▲
Amounts receivable within one year40/41€17k€20k▲
Trade receivables40€17k€20k▲
Cash at bank and in hand54/58€55k€111k▲
Deferred charges and accrued income490/1€107€404▲
Equity and liabilities
Total equity and liabilities10/49€77k€137k▲
Equity10/15€42k€83k▲
Contributions10/11€2k€2k=
Capital10€2k€2k=
Issued capital100€2k€2k=
Reserves13€40k€81k▲
Distributable reserves133€40k€81k▲
Amounts payable17/49€35k€54k▲
Amounts payable within one year42/48€35k€54k▲
Trade debts44€3k€3k▲
Suppliers440/4€3k€3k▲
Taxes, remuneration and social security45€19k€38k▲
Taxes450/3€19k€38k▲
Other amounts payable47/48€13k€13k▲
Income statement
Code20232024
Turnover70€162k€187k▲
Goods, raw materials, services and sundry goods60/61€121k€129k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11k€4k▼
Other operating charges640/8€1k€1k▲
Gross operating margin9900€53k€63k▲
Operating profit (loss)9901€41k€57k▲
Financial charges65/66B€61€26▼
Recurring financial charges65€61€26▼
Profit (loss) for the period before taxes9903€41k€57k▲
Income taxes67/77€10k€17k▲
Profit (loss) for the period9904€31k€41k▲
Profit (loss) for the period to be appropriated9905€31k€41k▲
Appropriation of the result
Profit (loss) to be appropriated9906€31k€41k▲
Transfer to equity691/2€31k€41k▲
To other reserves6921€31k€41k▲
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
23-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 419 days late
22-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 53 days late
22-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 784 days late
2024
31-12
Financial
Highest result since 2022net €41k ▲31.3%
Operating result €57k, net result €41k, both a record.
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, Wetteren · 1 establishment unit since 2021
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.
Hekkerstraat 1099230 WetterenGround area
149 m²
Building footprint
70 m²
Volume, LiDAR
240 m³
Parcel 42302E0939/00C000, Flanders · tallest building 6.2 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
FinBakes BV
since 20212.312.557.697
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42302E0939/00C000 | Flanders | 149 m² | 1 · 70 m² | 6.2 m · 1 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 siteWetteren2.312.557.697
Similar companies · same sector, comparable size
Rokkyo
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TECHROU
BE 0741.674.272
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MANADOM
BE 1003.192.113
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Heye Care & Consult
BE 0786.796.001
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Of 82,241 companies in sector 70200 we hold annual accounts for 52,386. 40,065 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded18-01-2021
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
10711Manufacture of food products
10720Manufacture of food products
10820Manufacture of cocoa, chocolate and sugar confectionery
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.