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GENPAP

Active
Public limited companyfounded 2017active for 9 yearsPlace de St Symphorien 24, 7030 Mons, Belgium38 active companies are registered at this addressKBO/BCE: BE 0669.698.787
Summary

GENPAP has been active since 2017 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €99,448 and a net result of €98,952. Equity is growing by about 8.5% per year across the filed financial years. Its solvency ranks better than 33% of 788 sector peers (NACE 10, financial year 2025). The computed 12-month bankruptcy probability is 1.3% (low).

Risk analysisFollow ReportCompare
GENPAPActiveChecked score 65/100
Risk analysis ReportCompare

Overview

Activity
Artisanal bread and fresh pastry making
NACE 10712
1 site
Size
€369,636total assets 2025
Staff
11.5 FTE
Equity
€99,448
Profit
€98,952
Financial health
65 Healthy Checked score 2025
Bankruptcy probabilitywithin 12 months
1.3%
Structure
Parent
TRADITIONAL BREAD BELGIUM · 100%
Accounts filed 33 days late1 of 7 deeds read
Why 65raises riskSize: 11.5 FTE, total assets €369,636Latest accounts 33 days late; 1 of the last 3 lateSector: Manufacture of food products (NACE 10)lowers riskLiquidity: current ratio 0.52, cash €57,071Show the evidence

Checked score

Score 2025
65 / 100
Healthy
Probability in this band: 0.55% to 1.5%
Financially better than 56% of its sector peers (NACE 10, small)
Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Strong
Solvency 52+8
equity 26.9% of total assets
Liquidity 33+1
short-term debt 67.4% · cash 15.4%
Profitability 100+9
return on assets 26.8%
Bankruptcy probability, 12 months
1.3% Low
0%0.5%1.5%4%10%≥ 25%

About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.5% (629 companies, NACE 10, small)
Last 24 months 11-2024: 1.6% 12-2024: 1.6%● unchanged vs 11-2024 01-2025: 1.6%● unchanged vs 12-2024 02-2025: 1.6%● unchanged vs 01-2025 03-2025: 1.3%▼ -0.3 percentage points vs 02-2025 04-2025: 1.4%▲ +0.1 percentage points vs 03-2025 05-2025: 1.4%● unchanged vs 04-2025 06-2025: 1.3%▼ -0.1 percentage points vs 05-2025 07-2025: 1.6%▲ +0.3 percentage points vs 06-2025 08-2025: 2.1%▲ +0.5 percentage points vs 07-2025highest value 09-2025: 0.9%▼ -1.2 percentage points vs 08-2025 10-2025: 0.9%● unchanged vs 09-2025 11-2025: 0.9%● unchanged vs 10-2025 12-2025: 0.9%● unchanged vs 11-2025 01-2026: 0.9%● unchanged vs 12-2025lowest value 02-2026: 0.9%● unchanged vs 01-2026lowest value 03-2026: 0.9%● unchanged vs 02-2026lowest value 04-2026: 1.0%▲ +0.1 percentage points vs 03-2026 05-2026: 1.0%● unchanged vs 04-2026 06-2026: 0.9%▼ -0.1 percentage points vs 05-2026 07-2026: 1.1%▲ +0.2 percentage points vs 06-2026 08-2026: 1.5%▲ +0.4 percentage points vs 07-2026 09-2026: 1.8%▲ +0.3 percentage points vs 08-2026 10-2026: 1.3%▼ -0.5 percentage points vs 09-2026
Credit of up to €6,000 on 30-day terms is acceptable
Liquidity insufficient (current ratio 0.52, compared with 0.47 in 2024, below 1; short-term debt: 67.4% and cash: 15.4% of total assets), and 73.1% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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, small): better than 37% on solvency, 30% on liquidity, 98% on profitability and 60% on growth.

The bankruptcy probability was computed on 23-10-2026 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.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.
lowers riskraises riskneutral
raises risk · Size: 11.5 FTE, total assets €369,636
Companies of this size fail more often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
raises risk · Latest accounts 33 days late; 1 of the last 3 late
NBB · filings
raises risk · Sector: Manufacture of food products (NACE 10)
KBO
lowers risk · Liquidity: current ratio 0.52, cash €57,071
NBB · annual accounts
neutral · A punctual record breaks
This company filed 8 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 02-09-2026, 33 days late. Weigh it accordingly: of the companies that move to filing 1 to 90 days late, 1.41% are now bankrupt, dissolved or in another special legal status, below the 1.66% of all filers. It is a change in behaviour, not evidence of elevated risk.
NBB · 9 filings
Deviation from the deadline
2025
33 days late
2024
on the day
2023
15 days early
2022
17 days early
2021
16 days early
2020
12 days early
2019
16 days early
← 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 6 days before the deadline; the sector median (NACE 10) for financial year 2024 is 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 17 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
24-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · full…
  2. Annual accounts filedfinancial year 2024 · full…
  3. Annual accounts filedfinancial year 2023 · full…

Key points

  • Caution: Among the weakest 16% on equitysector median €2.1m · 788 companies €99,448 View
  • Positive: 8 profitable years in a rowprofit 2025: €98,952 8 years View
  • Controlled by TRADITIONAL BREAD BELGIUM 100% View

By topic

Financials

Financial year
2025
Total assets
€369,636
Profit
€98,952
Solvency
26.9%
Turnover▲ 23.0%
Net result
20202021
Go to Financials

Board & ownership

Board
1 member
Parent
TRADITIONAL BREAD BELGIUM · 100%
  • VALLIN Annouck Patricia MarieDirector
Go to Board & ownership

Timeline

Events
11
Since
2018
Next accounts
by 31-07-2027
  1. 31-12-2023Highest result from 2018 to 2025
  2. 13-09-2023Resignations: DOSSCHE Patrick, GRAJEWSKI Isabella and LITRO…
  3. 14-07-2023Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Artisanal bread and fresh pastry makingNACE 10712
Founded
17-01-2017
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
37
Annual meeting
Third Monday of June at 09:00
Purpose
“La boulangerie artisanale,la pâtisserie,la viennoiserie,la vente de pizzas,tartes…” (deed in French)
Go to Articles of association

Key facts about GENPAP

What is the company number of GENPAP?
0669.698.787. In Belgium the VAT number is the company number with BE in front: BE 0669.698.787.
Where is GENPAP based?
The registered office is at Place de St Symphorien 24, 7030 Mons.Company details
What does GENPAP do?
According to the KBO register, the main activity is artisanal bread and fresh pastry making (NACE 10712).
What is the legal form of GENPAP?
Public limited company (NV).
When was GENPAP founded?
On 17-01-2017.
Is GENPAP still active?
Yes, GENPAP is an active enterprise in the KBO register.
How many employees does GENPAP have?
On average 11.5 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of GENPAP?
€1.1m in financial year 2021, according to the filed annual accounts.
Is GENPAP profitable?
In financial year 2025, GENPAP made a profit of €98,952.
Where can I find the annual accounts of GENPAP?
GENPAP filed 9 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of GENPAP due?
By 31-07-2027, for financial year 2026.Timeline

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How much credit can you give this customer, and on what payment terms?Credit check What should you check before you do business with this company?Supplier due diligence Is the workforce growing, and do people stay?Employer check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check Which other companies belong to the same group?TRADITIONAL BREAD BELGIUM · 32 companies

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