Equity
€3.1m ▲ 0.4%
HOLEKI has made a profit in every financial year since 2006.
HOLEKI
Lifetime
20 annual accounts with figures on one time axis, 33 filings since 1992peak €22.8m (2023)
€20.4m▼ 10.1%
peak €810,250 (2019)
€10,968▼ 95.6%
peak €3.1m (2022)
€3.1m▲ 0.4%
€4.7m▼ 9.3%
peak 55.3 FTE (2023)
51.8 FTE▼ 4.4%
Board12 names since 2017
5 directorsCRUSTUM and 4 others
Owners
100%CRUSTUM
Documentsfilings and deeds
25-06-202636 days before the deadline
2025financial year
Result from €247,741 to €10,968
Key points
from the 2025 annual accountsChecked score
79
Excellent
Financially stronger than 31% of medium-sized companies in food products (NACE 10)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.5% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.3% across 226 companies (NACE 10, medium-sized).
About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.8%highest value
01-2025: 0.8%● unchanged vs 12-2024highest value
02-2025: 0.8%● unchanged vs 01-2025
03-2025: 0.8%● unchanged vs 02-2025
04-2025: 0.7%▼ -0.1 percentage points vs 03-2025
05-2025: 0.8%▲ +0.1 percentage points vs 04-2025
06-2025: 0.8%● unchanged vs 05-2025
07-2025: 0.6%▼ -0.2 percentage points vs 06-2025
08-2025: 0.6%● unchanged vs 07-2025
09-2025: 0.6%● unchanged vs 08-2025
10-2025: 0.6%● unchanged vs 09-2025
11-2025: 0.6%● unchanged vs 10-2025
12-2025: 0.6%● unchanged vs 11-2025
01-2026: 0.6%● unchanged vs 12-2025
02-2026: 0.5%▼ -0.1 percentage points vs 01-2026
03-2026: 0.5%● unchanged vs 02-2026
04-2026: 0.5%● unchanged vs 03-2026lowest value
05-2026: 0.5%● unchanged vs 04-2026
06-2026: 0.5%● unchanged vs 05-2026
07-2026: 0.5%● unchanged vs 06-2026
08-2026: 0.5%● unchanged vs 07-2026
09-2026: 0.5%● unchanged vs 08-2026
10-2026: 0.5%● unchanged vs 09-2026
11-2026: 0.5%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
Sector: Manufacture of food products (NACE 10)
Liquidity: current ratio 1.07, cash €501,810
1 of the last 3 accounts late
lowers risk
Founded in 1991
Calculation
The band follows from the bankruptcy probability. 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, medium-sized). It does better than 48% of them on solvency, 29% on liquidity, 26% on profitability and 21% on growth.
The bankruptcy probability was computed on 10-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 1,887 companies had the same profile as HOLEKI has now. Each dot stands for 5 companies, two years later.
97.9%
were still trading
2.0%
stopped another way
0.1%
went bankrupt
The bankruptcy probability of HOLEKI itself is higher: 0.5% within 12 months. It rests on far more data about HOLEKI than the profile alone.
Test of the method
The method was tested on the 497,448 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,887 companies, not a prediction for HOLEKI. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €240,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.07 (1.08 in 2024), below the usual 1.5. Short-term debt is 57.6% and cash 6.4% of total assets. 60.7% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-06-2026, 36 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
36 days early
2024
42 days early
2023
60 days late
2022
57 days late
2021
54 days early
2020
61 days early
2019
9 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 12 days before the deadline. In the sector (NACE 10), the median for financial year 2024 was 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 25 June (4 of the last 5 accounts filed within 93 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0444648394
Appointment: AELVOET,SAMAN & PARTNERS (statutory auditor)
Permanent representative: Chris GOVAERT · General meeting of 01-12-2023 · Gazette deed
1 director resigning
COOLFOODSBV · Permanent representatives: AstridVANDENBERGHE and ChrisGOVAERT · Director discharge: COOLFOODSBV · Gazette deed
5 directors appointed, 3 resignations
Change of role: IN PETTO BV, from director to managing director · Resignations: Astrid VAN DEN BERGHE, Pieter VAN DEN BERGHE and Guido VAN DEN BERGHE · Appointments: Guido VAN DEN BERGHE, CRUSTUM NV (managing director), COOLFOODS BV, BASTELARE INVESTEMENT GROUP BV (managing director) and P.A.S. NV (managing director) · Board meeting of 20-01-2020 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| HOLEKI Wetteren | €20.4m | 0.5% | 39.3% | 51.8 |
| BAKKERIJ RANSON - CANNIERE Tielt | €21.6m | 7.7% | 44.4% | 42.4 |
| LILLY'S CAKES Sint-Gillis-Waas | €13.9m | 2.4% | 21.4% | 73.6 |
| l' Atelier du Pain Ninove | €17.2m | 3.9% | 70.8% | 63.2 |
| NANUK Mouscron | €12.1m | 6.0% | 8.0% | 33.8 |
| LA LORRAINE ANTWERPEN Schoten | €37.4m | 0.1% | 47.2% | 70 |
| Boulangerie DELHAYE Marche-en-Famenne | €11.1m | 9.7% | 40.6% | 54 |
Grey: the largest companies of the sector (food products (NACE 10)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as HOLEKI: manufacture of food products (NACE 10711). They are comparable in size and age: total assets between €4.4m and €17m, founded between 1982 and 2000.
Official details
Source: KBO- Status
- Active since 02-07-1991Normal situation
- Activity
- Manufacture of food productsNACE 10711
- Joint committees
- 220White-collar workers in the food industry
- 118Food industry · annual accounts 2022
- Establishment unit
- 2.053.585.9119230 Wetteren, since 29-10-1996
- Financial year end
- 31 December
- Peppol
- Reachable since 26-12-2025
Annual accounts 2025
- €7.8m▼ 5.8%
- Employeeson 31-12-2025
- 53▼ 3.6%
- Filing
- Filed on 25-06-2026, 36 days before the end of the filing period
Insights on HOLEKI
HOLEKI has existed since 1991. Turnover grew from €3.0m in 2006 to €20.4m in 2025 and staff from 10.1 to 51.8 full-time equivalents.
CRUSTUM holds all the shares. In September 2023, the Official Gazette published the appointment of Bastelare Investment Group as managing director.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about HOLEKI
- What is the company number of HOLEKI?
- The company number of HOLEKI is 0444.648.394. The VAT number is the same number with BE in front: BE 0444.648.394.
- Where is HOLEKI based?
- The registered office is at Vantegemstraat 12, 9230 Wetteren.Company details
- What does HOLEKI do?
- According to the KBO register, the main activity is manufacture of food products (NACE 10711).
- What is the legal form of HOLEKI?
- HOLEKI is a public limited company (NV).
- When was HOLEKI founded?
- HOLEKI was founded on 02-07-1991.
- Is HOLEKI still active?
- Yes, HOLEKI is an active enterprise in the KBO register.
- How many employees does HOLEKI have?
- HOLEKI had an average of 51.8 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does HOLEKI fall under?
- In its 2022 annual accounts, HOLEKI states joint committees 220 (White-collar workers in the food industry) and 118 (Food industry).
- What is the turnover of HOLEKI?
- The turnover of HOLEKI was €20.4m in financial year 2025, according to the filed annual accounts.
- Is HOLEKI profitable?
- In financial year 2025, HOLEKI made a profit of €10,968.
- Where can I find the annual accounts of HOLEKI?
- HOLEKI filed 33 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of HOLEKI due?
- HOLEKI must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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