Haagberg

Active

Private limited companyfounded 20215 yrs activeVaartstraat 21, 2960 Brecht, BelgiumKBO/BCE: BE 0772.898.077

The computed 12-month bankruptcy probability of Haagberg is 1.9% (moderate). The 2025 annual accounts show equity of €43k and a net result of €6k. Equity is growing by ~27.7% per year across the filed fiscal years. Its solvency ranks better than 38% of 1543 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2025

58 / 100

Fair

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability59▼-3

Solvency45▲+1

Growth52=

Track record94

Bankruptcy probability, 12 months

1.9% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €2k at 30 days acceptable

Liquidity tight (current ratio 1.2 against 1.08 in 2024; short-term debt: 49.8% and cash: 38.9% of total assets), and 79.9% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

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 →

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

20.1%

Return on assets

2.9%

Age of the figures

9 mo

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-07-2026, 0 days ahead of the deadline.

NBB · 4 filings

Deviation from the deadline

2025

on the day

2024

28 d late

2023

54 d late

2022

59 d late

← before the deadline after the deadline →

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 months

Position in the running window

21-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, micro schema

Equity

€43k▲ 16.9%

2024 · €37k

2022: €21k 2023: €26k 2024: €37k

2022 → 2025

Total assets

€213k▲ 9.9%

2024 · €194k

2022: €88k 2023: €167k 2024: €194k

2022 → 2025

Net result

€6k▼ 42.3%

2024 · €11k

2022: €16k 2023: €5k 2024: €11k

2022 → 2025

Working capital

€21k▲ 183%

2024 · €7k

2022: €9k 2023: €22k 2024: €7k

2022 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line2022202320242025Trend

Equity€21k-€26k▲ 23.4%€37k▲ 41.5%€43k▲ 16.9%

Operating result€28k-€18k▼ 36.7%€26k▲ 49.8%€19k▼ 26.0%

Net result€16k-€5k▼ 69.3%€11k▲ 119%€6k▼ 42.3%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result falls in 2025; 2025 is 26% below 2024.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €213k

40.3%

59.7%

Fixed assets €86k▼ 10.7%

Current assets €127k▲ 30.3%

Equity and liabilities €213k

20.1%

79.9%

Equity €43k▲ 16.9%

Debt €170k▲ 8.3%

The debt ratio falls from 81.1% to 79.9%. Equity and debt are higher.

Key figures and ratios

2025 value · change against 2024

EBITDA

€49k▼

2024 · €50k

Cash flow

€36k▲

2024 · €35k

Solvency

20.1%▲

2024 · 18.9%

Current ratio

1.20▲

2024 · 1.08

Quick ratio

1.20▲

2024 · 1.08

Debt / equity

3.97▼

2024 · 4.28

ROE

14.5%▼

2024 · 29.3%

ROA

2.9%▼

2024 · 5.5%

Interest coverage

4.38▼

2024 · 4.38

Debt

€170k▲

2024 · €157k

Debt ≤ 1 year

€106k▲

2024 · €90k

Debt > 1 year

€64k▼

2024 · €67k

Income taxes

€2k▼

2024 · €4k

Staff costs

€159k▲

2024 · €117k

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 · 2025 against 2024

Balance sheet Code20242025

Assets

Total assets20/58€194k€213k▲

Fixed assets21/28€96k€86k▼

Intangible fixed assets21€64k€51k▼

Tangible fixed assets22/27€33k€35k▲

Plant, machinery and equipment23€5k€19k▲

Furniture and vehicles24€28k€15k▼

Financial fixed assets28€0-

Current assets29/58€97k€127k▲

Stocks and contracts in progress3€0-

Stocks30/36€0-

Amounts receivable within one year40/41€12k€43k▲

Trade receivables40€12k€43k▲

Other amounts receivable41€307€55▼

Cash at bank and in hand54/58€85k€83k▼

Deferred charges and accrued income490/1-€1k

Equity and liabilities

Total equity and liabilities10/49€194k€213k▲

Equity10/15€37k€43k▲

Contributions10/11€5k€5k=

Reserves13€32k€38k▲

Distributable reserves133€32k€38k▲

Amounts payable17/49€157k€170k▲

Amounts payable after more than one year17€67k€64k▼

Financial debts170/4€67k€64k▼

Amounts payable within one year42/48€90k€106k▲

Current portion of amounts payable after more than one year42€13k€18k▲

Trade debts44€61k€65k▲

Suppliers440/4€61k€65k▲

Taxes, remuneration and social security45€16k€23k▲

Taxes450/3€4k€6k▲

Remuneration and social security454/9€12k€17k▲

Income statement Code20242025

Non-recurring operating income76A-€850

Remuneration, social security and pensions62€117k€159k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€24k€30k▲

Other operating charges640/8€27k€2k▼

Gross operating margin9900€194k€211k▲

Operating profit (loss)9901€26k€19k▼

Financial income75/76B€42€76▲

Recurring financial income75€42€76▲

Financial charges65/66B€11k€11k▼

Recurring financial charges65€11k€11k▼

Profit (loss) for the period before taxes9903€15k€8k▼

Income taxes67/77€4k€2k▼

Profit (loss) for the period9904€11k€6k▼

Profit (loss) for the period to be appropriated9905€11k€6k▼

Appropriation of the result

Profit (loss) to be appropriated9906€11k€6k▼

Transfer to equity691/2€11k€6k▼

To other reserves6921€11k€6k▼

The notes to these accounts (17 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 5Financial 1Filings 4

Next filing, fiscal year 2026, expected by 31-07-2027

2026

31-07

NBB filing Annual accounts filed

fiscal year 2025 · micro schema

2025

28-08

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 28 days late

2024

23-09

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 54 days late

2023

31-12

Financial Weakest financial yearnet €5k ▼69.3%

Net result drops to €5k, the lowest in the series; recovery starts the following year.

28-09

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 59 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

2 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, Brecht · 1 establishment unit since 2021

establishment The establishment unit on the map

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.

Vaartstraat 212960 Brecht

Ground area

547 m²

Building footprint

151 m²

Volume, LiDAR

1,111 m³

Parcel 11333N0624/00M000, Flanders · tallest building 11.4 m, ±3 floors. Linked by address, not a title deed.

1 establishment unit

"Brood en Meer - BMB"

Vaartstraat 21, 2960 BrechtArtisanal bread and fresh pastry making

since 20212.321.107.753

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
11333N0624/00M000	Flanders	547 m²	1 · 151 m²	11.4 m · 3 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 site · 1 with a smiley

Brecht2.321.107.753

2 permissions · smiley 2028NL00897 valid until 06-12-2028

Toelating · Bakkerij · since 13-03-2023

Toelating · Detailhandel met verwerking · since 13-03-2023

Similar companies · same sector, comparable size

GOURMANDISE DE LA HALLE

Sint-Niklaas · Eq €43k

Of 4,227 companies in sector 10712 we hold annual accounts for 1,871. 1,503 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded26-08-2021

Fiscal year end31-12

Activities, NACEBEL

10712Artisanal bread and fresh pastry making

47241Retail sale of bread and pastry (bakery outlets)

10720Manufacture of food products

47110Non-specialised retail sale with food, beverages or tobacco predominating

47113Retail trade

47271Retail trade

47291Retail trade

68110Buying and selling of own real estate

82990Other business support services

Sources

Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers

Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.