Equity
-€357,611
Debts exceed assets in financial year 2025.
FINE
Lifetime
5 annual accounts with figures on one time axispeak €1.3m (2025)
€1.3m▲ 53.6%
lowest -€248,427 (2023)
€78,102▲ €115,648
peak -€11,161 (2021)
-€357,611▲ €79,140
€1.3m▲ 0.7%
peak 22 FTE (2025)
22 FTE▲ 12.2%
Board2 names since 2020
2 directors and 1 other
Documentsfilings and deeds
02-02-20262 days late
2025financial year
Gross margin from €835,949 to €1.3mBack to profit: €78,102Staff from 19.6 FTE to 22 FTEEquity from -€436,751 to -€357,611Cash from €89,979 to €134,709
Key points
from the 2025 annual accountsResult
€78,102 €78,102
Back in profit in 2025, after a loss of €37,546 in 2024.
Debts
€1.3m 138% of the balance sheet
Financial debts 1%Suppliers 1%Taxes and wages 16%Other 82%
Staff
29 employees on 30-06-2025
In 2025, 42 people joined and 44 left.
Filings
5 annual accounts 4 late
The 2024 accounts came latest: 28 days after the end of the period.
Position in the sector
-€357,611
Less equity than 95% of companies in retail trade. Sector median €557,228 · 2,453 companies.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 178 companies had the same profile as FINE has now. Each dot is one company, two years later.
90.4%
were still trading
2.8%
stopped another way
6.2%
went bankrupt
Another 0.6% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,762 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
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 178 companies, not a prediction for FINE. 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
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Signals
Board and ownership
Director, since 19-02-2020
Director, since 19-02-2020
- 50 sharesdeed of 24-02-2020
- 50 sharesdeed of 24-02-2020
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0743926751
New establishment in Uccle
Alsembergsesteenweg 381
New establishment in Uccle
Vanderkinderestraat 295
Incorporation
Appointments: (director) and (director) · Founder: · Founder: · published on 24-02-2020 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| FINE Brussels | €0.9m | €1.3m | -38.3% | 22 |
| HENRI 7 Sint-Gillis (bij-Brussel) | €0.8m | €1.1m | 2.7% | 22.4 |
| HOORNAERT BROOD EN BANKET Kortrijk | €1.0m | €1.2m | 41.5% | 30.3 |
| BROODWAEYS Oudenaarde | €1.5m | €1.2m | 17.1% | 22.2 |
| ALPHA NATIONAAL - ALPHA MEIR Antwerp | €0.8m | €1.2m | -3.0% | 26.7 |
| Brocenter West Ghent | €1.6m | €1.2m | 0.3% | 17.7 |
| JOLY FOOD Lasne | €1.3m | €1.3m | 9.7% | 22 |
These companies have the same main activity as FINE: retail sale of bread and pastry (bakery outlets) (NACE 47241). They are comparable in size and age: total assets between €783,000 and €1.6m, founded between 2016 and 2022.
Official details
Source: KBO- Status
- Active since 20-02-2020Normal situation
- Activity
- Retail sale of bread and pastry (bakery outlets)NACE 47241
- Joint committees
- 118Food industry
- 201Independent retail · annual accounts 30-06-2025
- Establishment units
- 2.303.235.4051000 Brussels, since 20-02-2020
- 2.323.552.4501180 Uccle, since 02-06-2021and 1 other
- Financial year end
- 30 June
- Peppol
- Reachable since 04-02-2025
Annual accounts to 30-06-2025
- ≈ €5.0mestimated
- €933,892▲ 10.4%
- Employeeson 30-06-2025
- 29▼ 6.5%
- Filing
- Filed on 02-02-2026
Insights on FINE
FINE has existed since 2020. The present size dates from 2023. The gross margin rose that year from €102,397 to €494,351.
The gross margin has grown every year since. Solvency rose in 2025 from -51.6% to -38.3% because of the retained profit.
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 FINE
- What is the company number of FINE?
- The company number of FINE is 0743.926.751. The VAT number is the same number with BE in front: BE 0743.926.751.
- Where is FINE based?
- The registered office is at Minimenstraat 7, 1000 Brussels.Company details
- What does FINE do?
- According to the KBO register, the main activity is retail sale of bread and pastry (bakery outlets) (NACE 47241).
- What is the legal form of FINE?
- FINE is a private limited company (BV).
- When was FINE founded?
- FINE was founded on 20-02-2020.
- Is FINE still active?
- Yes, FINE is an active enterprise in the KBO register.
- How many employees does FINE have?
- FINE had an average of 22 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does FINE fall under?
- In its 30-06-2025 annual accounts, FINE states joint committees 118 (Food industry) and 201 (Independent retail).
- What is the turnover of FINE?
- The turnover in financial year 2025 is ≈ €5.0m. This figure is estimated from the gross margin of €1.3m and 87 comparable companies (NACE 47). It probably lies between €3.0m and €9.1m.
- Is FINE profitable?
- In financial year 2025, FINE made a profit of €78,102.
- Where can I find the annual accounts of FINE?
- FINE filed 5 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of FINE due?
- FINE must file the annual accounts for financial year 2026 by 31-01-2027.Timeline
Next steps
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