FOUAD
ActiveSummary
The annual accounts of FOUAD for fiscal year 2025 show a net loss of 58% of total assets and of 58% of the equity at the start of that year. The 2025 annual accounts show equity of €14,901 and a net result of -€20,578. Equity is shrinking by ~4.3% per year across the filed fiscal years. Its solvency ranks better than 60% of 1576 sector peers (fiscal year 2025). The company has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency67▼-33
Growth32=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity ample (current ratio 1.63 against 7.97 in 2024; short-term debt: 57.9% and cash: 2.9% of total assets), but 57.9% 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 →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
42.1%
Return on assets
-58.1%
Age of the figures
9 mo
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
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 -€20,578
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 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
28 d late
2024
236 d late
2023
288 d late
2022
11 d late
2021
254 d late
2020
668 d late
2019
119 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 229 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 23 March (4 of the last 5 filed years within 208 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€14,901▼ 58.0%
2024 · €35,479
Total assets
€35,421▼ 11.7%
2024 · €40,110
Net result
-€20,578▲ 6.0%
2024 · -€21,902
Working capital
€13,021▼ 59.7%
2024 · €32,287
Trend over the years
Click a name to add, emphasise or remove a line.Band: 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.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€59▼ 99.8%€3,867▲ 6,484%-€15,043-€19,469▼ 29.4%-€18,935▲ 2.7%
Net result€622within the sector's middle half▼ 97.8%€3,404within the sector's middle half▲ 447%-€16,256below the sector's middle half-€21,902below the sector's middle half▼ 34.7%-€20,578below the sector's middle half▲ 6.0%
Equity€70,232within the sector's middle half▲ 0.9%€73,636within the sector's middle half▲ 4.8%€57,380within the sector's middle half▼ 22.1%€35,479within the sector's middle half▼ 38.2%€14,901within the sector's middle half▼ 58.0%
Total assets€81,581within the sector's middle half▼ 21.5%€100,283within the sector's middle half▲ 22.9%€66,873below the sector's middle half▼ 33.3%€40,110below the sector's middle half▼ 40.0%€35,421below the sector's middle half▼ 11.7%
Debt€11,349▼ 67.0%€26,647▲ 135%€9,492▼ 64.4%€4,631▼ 51.2%€20,520▲ 343%
Working capital€69,103above the sector's middle half▲ 1.6%€67,646above the sector's middle half▼ 2.1%€52,799within the sector's middle half▼ 21.9%€32,287within the sector's middle half▼ 38.8%€13,021within the sector's middle half▼ 59.7%
Solvency86.1%above the sector's middle half▲ 19.1pp73.4%above the sector's middle half▼ 12.7pp85.8%above the sector's middle half▲ 12.4pp88.5%above the sector's middle half▲ 2.6pp42.1%within the sector's middle half▼ 46.4pp
Current ratio7.09above the sector's middle half▲ 4.113.54above the sector's middle half▼ 3.556.56above the sector's middle half▲ 3.027.97above the sector's middle half▲ 1.411.63within the sector's middle half▼ 6.34
Return on assets (ROA)0.8%within the sector's middle half▼ 26.6pp3.4%within the sector's middle half▲ 2.6pp-24.3%below the sector's middle half▼ 27.7pp-54.6%below the sector's middle half▼ 30.3pp-58.1%below the sector's middle half▼ 3.5pp
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 micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €18,935 in 2025 against €19,469 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €35,421
Fixed assets
€1,880 ▼ 41.1%
Current assets
€33,541 ▼ 9.1%
Equity and liabilities €35,421
Equity
€14,901 ▼ 58.0%
Debt
€20,520 ▲ 343%
Debt's share of the balance-sheet total rises from 11.5% to 57.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€17,624▲
2024 · -€18,078
Cash flow
-€19,266▲
2024 · -€20,511
Quick ratio
0.70▼
2024 · 3.91
Debt to equity
1.38▲
2024 · 0.13
ROE
-138.1%▼
2024 · -61.7%
Interest coverage
-11.79▼
2024 · -7.65
Debt ≤ 1 year
€20,520▲
2024 · €4,631
Income taxes
€148▲
2024 · €69
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 4,805 companies that looked in July 2024 the way this one looks now, 2.0% went bankrupt within 24 months and 88% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
2.0%
went bankrupt
9.8%
stopped otherwise
88%
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 1.0% 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 497,338 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% | 1.9% |
| 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 4,805 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €0 | - | - | - | - | - |
| Remuneration, social security and pensions62 | - | - | €342 | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €497 | €1,139 | €1,408 | €1,390 | €1,311 | ▼ 5.7% |
| Other operating charges640/8 | €659 | €2,115 | €7,190 | €2,635 | €2,798 | ▲ 6.2% |
| Non-recurring operating charges66A | - | - | €815 | €0 | - | - |
| Gross operating margin9900 | €1,215 | €7,121 | -€5,288 | -€15,444 | -€14,826 | ▲ 4.0% |
| Operating profit (loss)9901 | €59 | €3,867 | -€15,043 | -€19,469 | -€18,935 | ▲ 2.7% |
| Financial income75/76B | €2,119 | €2,127 | €517 | €0 | €1 | ▲ 6,600% |
| Recurring financial income75 | €2,119 | €2,127 | €517 | €0 | €1 | ▲ 6,600% |
| Financial charges65/66B | €1,279 | €1,428 | €1,730 | €2,364 | €1,495 | ▼ 36.8% |
| Recurring financial charges65 | €1,279 | €1,428 | €1,730 | €2,364 | €1,495 | ▼ 36.8% |
| Profit (loss) for the period before taxes9903 | €899 | €4,567 | -€16,256 | -€21,833 | -€20,430 | ▲ 6.4% |
| Income taxes67/77 | €276 | €1,163 | €0 | €69 | €148 | ▲ 115% |
| Profit (loss) for the period9904 | €622 | €3,404 | -€16,256 | -€21,902 | -€20,578 | ▲ 6.0% |
| Profit (loss) for the period to be appropriated9905 | €622 | €3,404 | -€16,256 | -€21,902 | -€20,578 | ▲ 6.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €81,581 | €100,283 | €66,873 | €40,110 | €35,421 | ▼ 11.7% |
| Fixed assets21/28 | €1,129 | €5,990 | €4,582 | €3,191 | €1,880 | ▼ 41.1% |
| Tangible fixed assets22/27 | €1,129 | €5,990 | €4,582 | €3,191 | €1,880 | ▼ 41.1% |
| Land and buildings22 | €0 | - | - | - | - | - |
| Plant, machinery and equipment23 | €1,129 | €5,990 | €4,582 | €3,191 | €1,880 | ▼ 41.1% |
| Current assets29/58 | €80,452 | €94,293 | €62,291 | €36,918 | €33,541 | ▼ 9.1% |
| Stocks and contracts in progress3 | €17,036 | €25,200 | €25,800 | €18,800 | €19,100 | ▲ 1.6% |
| Stocks30/36 | €17,036 | €25,200 | €25,800 | €18,800 | €19,100 | ▲ 1.6% |
| Amounts receivable within one year40/41 | €51,689 | €57,192 | €25,227 | €14,370 | €13,166 | ▼ 8.4% |
| Trade receivables40 | €13,674 | €22,243 | €4,311 | €2,164 | €0 | ▼ 100% |
| Other amounts receivable41 | €38,014 | €34,949 | €20,917 | €12,206 | €13,166 | ▲ 7.9% |
| Cash at bank and in hand54/58 | €11,728 | €11,901 | €11,264 | €1,922 | €1,021 | ▼ 46.9% |
| Deferred charges and accrued income490/1 | - | - | - | €1,826 | €254 | ▼ 86.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €81,581 | €100,283 | €66,873 | €40,110 | €35,421 | ▼ 11.7% |
| Equity10/15 | €70,232 | €73,636 | €57,380 | €35,479 | €14,901 | ▼ 58.0% |
| Contributions10/11 | €17,200 | €17,200 | €17,200 | €17,200 | €17,200 | = |
| Reserves13 | €12,384 | €12,384 | €12,384 | €12,384 | €12,384 | = |
| Non-distributable reserves130/1 | €619 | €619 | €619 | €619 | €619 | = |
| Reserves not available under the articles1311 | €619 | €619 | €619 | €619 | €619 | = |
| Distributable reserves133 | €11,765 | €11,765 | €11,765 | €11,765 | €11,765 | = |
| Profit (loss) carried forward14 | €40,648 | €44,052 | €27,796 | €5,895 | -€14,683 | ▼ 349% |
| Amounts payable17/49 | €11,349 | €26,647 | €9,492 | €4,631 | €20,520 | ▲ 343% |
| Amounts payable within one year42/48 | €11,349 | €26,647 | €9,492 | €4,631 | €20,520 | ▲ 343% |
| Trade debts44 | €1,900 | €25,208 | €8,330 | €3,941 | €641 | ▼ 83.7% |
| Suppliers440/4 | €1,900 | €25,208 | €8,330 | €3,941 | €641 | ▼ 83.7% |
| Taxes, remuneration and social security45 | €9,448 | €1,439 | €1,163 | €69 | €217 | ▲ 215% |
| Taxes450/3 | €9,448 | €1,439 | €1,163 | €69 | €217 | ▲ 215% |
| Other amounts payable47/48 | - | - | - | €621 | €19,662 | ▲ 3,064% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €622 | €3,404 | -€16,256 | -€21,902 | -€20,578 | ▲ 6.0% |
| + Depreciation and write-downs630 | €497 | €1,139 | €1,408 | €1,390 | €1,311 | ▼ 5.7% |
| Operating cash flow (approximation) | €1,119 | €4,543 | -€14,847 | -€20,511 | -€19,266 | ▲ 6.1% |
| Investment in fixed assets (approximation) | - | -€6,000 | €0 | €0 | €0 | - |
| Change in cash | - | €173 | -€637 | -€9,342 | -€901 | ▲ 90.4% |
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
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
24-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 236 days late
2025
15-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 288 days late
2024
31-12
Financial
Weakest financial yearnet -€21,902
Net result drops to -€21,902, the lowest in the series; recovery starts the following year.
2023
11-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 11 days late
30-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 668 days late
11-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 254 days late
2021
31-12
Financial
Liquidity doublescurrent ratio 7.09
Current ratio from 2.98 to 7.09; short-term debt falls from €34,355 to €11,349.
2020
31-12
Financial
Highest result since 2018net €28,422 ▲522%
Operating result €37,005, net result €28,422, both a record.
27-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 119 days late
2019
31-12
Financial
Liquidity doublescurrent ratio 5.44
Current ratio from 2.20 to 5.44; short-term debt falls from €16,455 to €7,071.
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 26 days late
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 28 days late
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 60 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
6 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, Mechelen · 1 establishment unit since 2009
Ground area
219 m²
Building footprint
219 m²
Volume, LiDAR
1,557 m³
Parcel 12403E0244/00M005, Flanders · tallest building 10.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Bakkerij Fouad
since 20092.187.773.335
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12403E0244/00M005 | Flanders | 219 m² | 1 · 219 m² | 10.8 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
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 siteMechelen2.187.773.335
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Of 4,230 companies in sector 10712 we hold annual accounts for 1,875. 1,125 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded01-07-2009
Fiscal year end31-12
Activities, NACEBEL 2025
10712Artisanal bread and fresh pastry making
E-invoicing
Reachable via Peppol
Peppol ID
0208:0816782164
Also
9925:BE0816782164
Registered
03-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.