Het Bakkertje

Active

Private limited companyfounded 20206 yrs activeDiksmuidelaan 130, 2600 Antwerpen, BelgiumKBO/BCE: BE 0741.519.072

The computed 12-month bankruptcy probability of Het Bakkertje is 1.6% (moderate). The 2025 annual accounts show equity of €94k and a net result of €23k. Equity is growing by ~31.7% per year across the filed fiscal years. Its solvency ranks better than 48% of 796 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2025

56 / 100

Fair

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

Axes · tick = 2024

Profitability78▲+2

Solvency57▲+7

Growth78▲+26

Track record100

Bankruptcy probability, 12 months

1.6% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €5k at 30 days acceptable

Liquidity tight (current ratio 1.32 against 1.11 in 2024; short-term debt: 68.3% and cash: 12.7% of total assets), and 68.3% 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

31.7%

Return on assets

7.6%

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 09-07-2026, 22 days ahead of the deadline.

NBB · 6 filings

Deviation from the deadline

2025

22 d early

2024

113 d late

2023

28 d late

2022

66 d late

2021

30 d late

2020

16 d early

← 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, abbreviated schema

Equity

€94k▲ 31.7%

2024 · €71k

2020: €23k 2021: €58k 2022: €6k 2023: €54k 2024: €71k

2020 → 2025

Total assets

€297k▲ 3.2%

2024 · €288k

2020: €238k 2021: €204k 2022: €132k 2023: €191k 2024: €288k

2020 → 2025

Net result

€23k▲ 33.3%

2024 · €17k

2020: €18k 2021: €34k 2022: €-51k 2023: €48k 2024: €17k

2020 → 2025

Working capital

€64k▲ 163%

2024 · €25k

2020: €-192k 2021: €-123k 2022: €-16k 2023: €40k 2024: €25k

2020 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Equity€58k-€6k▼ 88.8%€54k▲ 742%€71k▲ 31.1%€94k▲ 31.7%

Operating result€49k-€-51k€48k€28k▼ 42.1%€39k▲ 39.2%

Net result€34k-€-51k€48k€17k▼ 64.7%€23k▲ 33.3%

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

Result per fiscal year

Operating resultNet result

The operating result recovers in 2025; 2025 is 39% above 2024.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €297k

10%

90.0%

Fixed assets €30k▼ 36.7%

Current assets €267k▲ 11.0%

Equity and liabilities €297k

31.7%

68.3%

Equity €94k▲ 31.7%

Debt €203k▼ 6.2%

The debt ratio falls from 75.2% to 68.3%. Equity is higher and debt is lower.

Key figures and ratios

2025 value · change against 2024

EBITDA

€56k▲

2024 · €46k

Cash flow

€40k▲

2024 · €35k

Solvency

31.7%▲

2024 · 24.8%

Current ratio

1.32▲

2024 · 1.11

Quick ratio

1.29▲

2024 · 1.08

Debt / equity

2.16▼

2024 · 3.03

ROE

24.0%▲

2024 · 23.7%

ROA

7.6%▲

2024 · 5.9%

Interest coverage

21.64▲

2024 · 9.04

Debt

€203k▼

2024 · €216k

Debt ≤ 1 year

€203k▼

2024 · €216k

Income taxes

€13k▲

2024 · €6k

Staff costs

€135k▼

2024 · €179k

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€288k€297k▲

Fixed assets21/28€47k€30k▼

Intangible fixed assets21€21k€16k▼

Tangible fixed assets22/27€26k€14k▼

Plant, machinery and equipment23€26k€14k▼

Current assets29/58€241k€267k▲

Stocks and contracts in progress3€6k€6k=

Stocks30/36€6k€6k=

Amounts receivable within one year40/41€201k€223k▲

Trade receivables40€136k€159k▲

Other amounts receivable41€65k€65k▲

Cash at bank and in hand54/58€33k€38k▲

Equity and liabilities

Total equity and liabilities10/49€288k€297k▲

Equity10/15€71k€94k▲

Contributions10/11€5k€5k=

Reserves13€61k€83k▲

Distributable reserves133€61k€83k▲

Profit (loss) carried forward14€5k€7k▲

Amounts payable17/49€216k€203k▼

Amounts payable within one year42/48€216k€203k▼

Trade debts44€87k€63k▼

Suppliers440/4€87k€63k▼

Taxes, remuneration and social security45€14k€25k▲

Taxes450/3€2k€13k▲

Remuneration and social security454/9€12k€12k▼

Other amounts payable47/48€115k€115k=

Income statement Code20242025

Remuneration, social security and pensions62€179k€135k▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€18k€17k▼

Other operating charges640/8€4k-

Gross operating margin9900€228k€191k▼

Operating profit (loss)9901€28k€39k▲

Financial income75/76B€0-

Recurring financial income75€0-

Financial charges65/66B€5k€3k▼

Recurring financial charges65€5k€3k▼

Profit (loss) for the period before taxes9903€23k€36k▲

Income taxes67/77€6k€13k▲

Profit (loss) for the period9904€17k€23k▲

Profit (loss) for the period to be appropriated9905€17k€23k▲

Appropriation of the result

Profit (loss) to be appropriated9906€17k€28k▲

Profit (loss) brought forward from the previous period14P-€5k

Transfer to equity691/2€12k€21k▲

To other reserves6921€12k€21k▲

Social balance

Average headcount (FTE)90876.14.8▼

The notes to these accounts (7 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 8Financial 2Filings 6

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

2026

09-07

NBB filing Annual accounts filed

fiscal year 2025 · abbreviated schema

2025

21-11

NBB filing Annual accounts filed

fiscal year 2024 · abbreviated schema · 113 days late

2024

28-08

NBB filing Annual accounts filed

fiscal year 2023 · abbreviated schema · 28 days late

2023

31-12

Financial Back to profitnet €48k

Net result €48k after one loss-making year.

05-10

NBB filing Annual accounts filed

fiscal year 2022 · abbreviated schema · 66 days late

2022

31-12

Financial Weakest financial yearnet €-51k ▼249%

Net result drops to €-51k, the lowest in the series; recovery starts the following year.

30-08

NBB filing Annual accounts filed

fiscal year 2021 · abbreviated schema · 30 days late

2021

15-07

NBB filing Annual accounts filed

fiscal year 2020 · abbreviated schema

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

Directors · office · real estate

Directors

3 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, Antwerpen · 1 establishment unit since 2023

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.

Diksmuidelaan 1302600 Antwerpen

Ground area

547 m²

Building footprint

594 m²

Volume, LiDAR

3,432 m³

2 parcels, Flanders · tallest building 10.8 m, ±2 floors. Linked by address, not a title deed.

1 establishment unit

Bakkerij Tine

Gemeenteplaats 6, 2620 HemiksemManufacture of food products

since 20232.349.227.756

2 parcels

Flanders 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
11302A0067/00Y002	Flanders	404 m²	1 · 404 m²	10.8 m · 1 fl.
11018A0118/00F002	Flanders	143 m²	1 · 190 m²	7.9 m · 2 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1 · via establishment units: 1

2 of 2 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Public money · subsidies and aid

Flemish government

2024 to 2025 · 2 entries · 352 EUR awarded · 352 EUR paid

Year	Entries	awarded	paid
2025	1	176 EUR	176 EUR
2024	1	176 EUR	176 EUR

Schemes

Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)

2 entries · 352 EUR · 352 EUR paid · Fonds voor Innoveren en Ondernemen

Recognitions · licences · registrations

Food safety, FASFC

1 site

Hemiksem2.349.227.756

1 permission

Toelating · Bakkerij · since 25-09-2023

Similar companies · same sector, comparable size

Middelkerke · Eq €96k

Of 511 companies in sector 10711 we hold annual accounts for 329. 230 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded14-01-2020

Fiscal year end31-12

Activities, NACEBEL

10711Manufacture of food products

47241Retail sale of bread and pastry (bakery outlets)

10712Artisanal bread and fresh pastry making

10720Manufacture of food products

Sources

Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers

Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.