FONK'S BACKWAREN
ActiveSummary
FONK'S BACKWAREN has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €854k and a net result of €-278k. Equity is growing by ~7.8% per year across the filed fiscal years. Its solvency ranks better than 13% of 643 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2025
45
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability38▼-12
Solvency31▼-5
Growth52=
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days acceptable
Liquidity short (current ratio 0.24 against 0.93 in 2024; short-term debt: 16.7% and cash: 0.2% of total assets), and 93.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Nine 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
Sector 10
higher
← 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
6.2%
Return on assets
-2%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-278k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 13% of 643 sector peers (2025).
NBB · sector comparisonPosition among 643 sector peers
Solvency
better than 13%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-08-2026, 24 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
24 d late
2024
57 d late
2023
27 d late
2022
30 d late
2021
25 d late
2020
24 d late
2019
31 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-278k▼ 465%
2024 · €-49k
2018: €270k
2019: €219k
2020: €93k
2021: €119k
2022: €18k
2023: €165k
2024: €-49k
2018 → 2025
Working capital
€-1.75M▼ 1,220%
2024 · €-133k
2018: €-427k
2019: €-240k
2020: €-28k
2021: €3k
2022: €-166k
2023: €-71k
2024: €-133k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€997k-€1.01M▲ 1.7%€1.18M▲ 16.7%€1.13M▼ 4.3%€854k▼ 24.7%
Operating result€161k-€53k▼ 67.4%€200k▲ 280%€66k▼ 67.2%€105k▲ 59.4%
Net result€119k-€18k▼ 85.1%€165k▲ 827%€-49k€-278k▼ 465%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 59% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €13.82M
Fixed assets
€13.27M ▲ 47.9%
Current assets
€553k ▼ 69.3%
Equity and liabilities €13.82M
Equity
€854k ▼ 24.7%
Debt
€12.97M ▲ 34.5%
Debt's share of the balance-sheet total rises from 89.5% to 93.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€1.03M▲
2024 · €488k
Cash flow
€645k▲
2024 · €373k
Current ratio
0.24▼
2024 · 0.93
Quick ratio
0.19▼
2024 · 0.85
Debt to equity
15.19▲
2024 · 8.50
ROE
-32.5%▼
2024 · -4.3%
ROA
-2.0%▼
2024 · -0.5%
Interest coverage
2.64▼
2024 · 3.87
Debt ≤ 1 year
€2.30M▲
2024 · €1.93M
Debt > 1 year
€10.66M▲
2024 · €7.70M
Income taxes
€787▲
2024 · €667
Staff costs
€1.48M▲
2024 · €1.33M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 58 lines
Balance sheet
Code20242025
Assets
Total assets20/58€10.77M€13.82M▲
Fixed assets21/28€8.97M€13.27M▲
Intangible fixed assets21€46k€44k▼
Tangible fixed assets22/27€6.91M€11.18M▲
Land and buildings22€3.89M€7.00M▲
Plant, machinery and equipment23€1.82M€2.66M▲
Furniture and vehicles24€1.05M€998k▼
Leasing and similar rights25€151k€520k▲
Financial fixed assets28€2.02M€2.04M▲
Current assets29/58€1.80M€553k▼
Stocks and contracts in progress3€149k€122k▼
Stocks30/36€149k€122k▼
Amounts receivable within one year40/41€616k€370k▼
Trade receivables40€567k€347k▼
Other amounts receivable41€49k€23k▼
Cash at bank and in hand54/58€1.01M€26k▼
Deferred charges and accrued income490/1€25k€35k▲
Equity and liabilities
Total equity and liabilities10/49€10.77M€13.82M▲
Equity10/15€1.13M€854k▼
Contributions10/11€135k€135k=
Capital10€135k€135k=
Issued capital100€135k€135k=
Reserves13€14k€14k=
Non-distributable reserves130/1€14k€14k=
Legal reserve130€14k€14k=
Profit (loss) carried forward14€982k€704k▼
Investment grants15€3k€1k▼
Amounts payable17/49€9.64M€12.97M▲
Amounts payable after more than one year17€7.70M€10.66M▲
Financial debts170/4€7.70M€10.66M▲
Amounts payable within one year42/48€1.93M€2.30M▲
Current portion of amounts payable after more than one year42€484k€1.56M▲
Financial debts43€29k€28k▼
Credit institutions430/8€29k€28k▼
Trade debts44€1.23M€470k▼
Suppliers440/4€1.23M€470k▼
Taxes, remuneration and social security45€188k€242k▲
Taxes450/3€32k€37k▲
Remuneration and social security454/9€156k€205k▲
Accrued charges and deferred income492/3€8k€2k▼
Income statement
Code20242025
Non-recurring operating income76A€5k€372k▲
Remuneration, social security and pensions62€1.33M€1.48M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€422k€923k▲
Other operating charges640/8€40k€45k▲
Non-recurring operating charges66A-€1k
Gross operating margin9900€1.86M€2.55M▲
Operating profit (loss)9901€66k€105k▲
Financial income75/76B€12k€7k▼
Recurring financial income75€12k€7k▼
Financial charges65/66B€126k€389k▲
Recurring financial charges65€126k€389k▲
Profit (loss) for the period before taxes9903€-49k€-277k▼
Income taxes67/77€667€787▲
Profit (loss) for the period9904€-49k€-278k▼
Profit (loss) for the period to be appropriated9905€-49k€-278k▼
Appropriation of the result
Profit (loss) to be appropriated9906€982k€704k▼
Profit (loss) brought forward from the previous period14P€1.03M€982k▼
Social balance
Average headcount (FTE)908727.029.1▲
The notes to these accounts (26 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
24-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 24 days late
2025
31-12
Financial
Weakest financial yearnet €-278k
Net result drops to €-278k, the lowest in the series.
26-09
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 57 days late
2024
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 27 days late
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 30 days late
2022
31-12
Financial
Equity above €1MEq €1.01M ▲1.7%
5 profitable years in a row build equity to €1.01M.
25-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 25 days late
2021
24-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 24 days late
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 31 days late
2019
17-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 31 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
9 acts for this company are 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, Sankt Vith · 5 establishment units since 1998
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.
Metz 64780 Sankt VithGround area
837 m²
Building footprint
165 m²
Volume, LiDAR
1,450 m³
Parcel 63023F0017/00M000, Wallonia · tallest building 15.0 m, ±3 floors. Linked by address, not a title deed.
5 establishment units
Metz 6, 4780 Sankt Vith
since 19982.085.206.921
Hauptstrasse 103, 4780 Sankt Vith
since 20032.169.100.835
Hauptstrasse 11, 4780 Sankt Vith
since 20032.169.101.231
CAFE RADERMACHER
since 20152.241.796.001
FONK'S BACKWAREN
since 20172.266.991.552
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63023F0017/00M000 | Wallonia | 837 m² | 1 · 165 m² | 15.0 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via establishment units: 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 siteSankt Vith/Saint-Vith2.085.206.921
Similar companies · same sector, comparable size
BELKA
BE 0448.394.574
Aalter · Eq €856k
De Rycke
BE 0433.687.592
Temse · Eq €836k
Westmals Brood-Banket
BE 0415.773.375
Malle · Eq €877k
Renard Foods
BE 0633.971.115
Elsene · Eq €879k
DELIFRANCE BELGIUM
BE 0418.994.468
Nivelles · Eq €828k
Of 511 companies in sector 10711 we hold annual accounts for 329. 187 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded16-12-1997
Fiscal year end31-12
Activities, NACEBEL 2025
10711Manufacture of food products
Sources
Crossroads Bank for EnterprisesNational Bank · 28 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
3 entriesE-mail:eric.fonk@backwaren.be
Phone:087/34.05.53
Fax:080/280.989