HOLY BAGELS
ActiveSummary
The computed 12-month bankruptcy probability of HOLY BAGELS is 4.4% (elevated). The 2025 annual accounts show equity of €239k and a net result of €25k. Equity is growing by ~55.6% per year across the filed fiscal years. Its solvency ranks better than 70% of 13305 sector peers (fiscal year 2025). The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
59
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. An elevated bankruptcy probability caps the score. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability76▼-20
Solvency78▼-15
Growth78=
Track record100
Bankruptcy probability, 12 months
4.4%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €14k at 30 days only on tighter terms
Liquidity ample (current ratio 1.61 against 1.86 in 2024; short-term debt: 33.6% and cash: 27.8% of total assets), and 46.9% of the assets are financed with debt.
Credit check for your own amount and term
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 56
Relative position
BE, all sectors
reference
Sector 56
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
53.1%
Return on assets
5.5%
Age of the figures
9 mo
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 04-07-2026, 27 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
27 d early
2024
1 d early
2023
31 d early
2022
30 d late
2021
31 d late
2020
30 d late
2019
91 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€185k
EBIT margin
2.9%
Net result
€25k▼ 66.0%
2024 · €73k
2018: €6k
2019: €268
2020: €11k
2021: €32k
2022: €10k
2023: €73k
2024: €73k
2018 → 2025
Working capital
€91k▲ 6.9%
2024 · €86k
2018: €11k
2019: €12k
2020: €22k
2021: €51k
2022: €-54k
2023: €-3k
2024: €86k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€58k-€68k▲ 16.4%€140k▲ 107%€214k▲ 52.2%€239k▲ 11.7%
Operating result€43k-€16k▼ 62.8%€100k▲ 523%€107k▲ 7.9%€40k▼ 63.0%
Net result€32k-€10k▼ 70.2%€73k▲ 659%€73k▲ 1.2%€25k▼ 66.0%
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 63% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €449k
Fixed assets
€207k ▲ 61.5%
Current assets
€242k ▲ 30.9%
Equity and liabilities €449k
Equity
€239k ▲ 11.7%
Debt
€211k ▲ 112%
Debt's share of the balance-sheet total rises from 31.8% to 46.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€72k▼
2024 · €131k
Cash flow
€58k▼
2024 · €97k
Current ratio
1.61▼
2024 · 1.86
Quick ratio
1.57▼
2024 · 1.82
Debt to equity
0.88▲
2024 · 0.47
ROE
10.4%▼
2024 · 34.3%
ROA
5.5%▼
2024 · 23.4%
Interest coverage
16.60▲
2024 · -96.36
Debt ≤ 1 year
€151k▲
2024 · €100k
Debt > 1 year
€60k
Income taxes
€10k▼
2024 · €35k
Staff costs
€306k▲
2024 · €214k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 54 lines
Balance sheet
Code20242025
Assets
Total assets20/58€313k€449k▲
Fixed assets21/28€128k€207k▲
Intangible fixed assets21€67k€58k▼
Tangible fixed assets22/27€54k€142k▲
Plant, machinery and equipment23€21k€108k▲
Furniture and vehicles24€34k€34k▲
Financial fixed assets28€7k€7k=
Current assets29/58€185k€242k▲
Amounts receivable after more than one year29€77k€68k▼
Other amounts receivable291€77k€68k▼
Stocks and contracts in progress3€4k€5k▲
Stocks30/36€4k€5k▲
Amounts receivable within one year40/41€15k€29k▲
Trade receivables40€8k€18k▲
Other amounts receivable41€7k€11k▲
Cash at bank and in hand54/58€90k€125k▲
Deferred charges and accrued income490/1-€15k
Equity and liabilities
Total equity and liabilities10/49€313k€449k▲
Equity10/15€214k€239k▲
Contributions10/11€6k€6k=
Reserves13€117k€141k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€115k€139k▲
Profit (loss) carried forward14€91k€92k▲
Amounts payable17/49€100k€211k▲
Amounts payable after more than one year17-€60k
Financial debts170/4-€60k
Amounts payable within one year42/48€100k€151k▲
Current portion of amounts payable after more than one year42-€19k
Trade debts44€12k€35k▲
Suppliers440/4€12k€35k▲
Advances received on contracts in progress46€24k€17k▼
Taxes, remuneration and social security45€59k€75k▲
Taxes450/3€38k€49k▲
Remuneration and social security454/9€21k€26k▲
Other amounts payable47/48€5k€4k▼
Income statement
Code20242025
Remuneration, social security and pensions62€214k€306k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€23k€33k▲
Other operating charges640/8€4k€5k▲
Gross operating margin9900€349k€384k▲
Operating profit (loss)9901€107k€40k▼
Financial income75/76B€5€36▲
Recurring financial income75€5€36▲
Financial charges65/66B€-1k€4k▲
Recurring financial charges65€-1k€4k▲
Profit (loss) for the period before taxes9903€109k€35k▼
Income taxes67/77€35k€10k▼
Profit (loss) for the period9904€73k€25k▼
Profit (loss) for the period to be appropriated9905€73k€25k▼
Appropriation of the result
Profit (loss) to be appropriated9906€151k€116k▼
Profit (loss) brought forward from the previous period14P€77k€91k▲
Transfer to equity691/2€60k€24k▼
To other reserves6921€60k€24k▼
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
04-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €73k ▲1.2%
Operating result €107k, net result €73k, both a record.
31-12
Financial
Equity above €200kEq €214k ▲52.2%
7 profitable years in a row build equity to €214k.
30-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €100kEq €140k ▲107%
6 profitable years in a row build equity to €140k.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
2019
31-12
Financial
Weakest financial yearnet €268 ▼95.7%
Net result drops to €268, the lowest in the series; recovery starts the following year.
30-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · 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
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, Elsene · 3 establishment units since 2017
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.
Armand Campenhoutstraat 621050 ElseneGround area
370 m²
Building footprint
351 m²
Volume, LiDAR
6,629 m³
3 parcels, Brussels · tallest building 28.4 m, ±8 floors. Linked by address, not a title deed.
3 establishment units
HOLY BAGELS
since 20172.263.817.375
HOLY BAGELS
since 20222.335.874.024
HOLY BAGELS
since 20252.371.008.711
3 parcels
Brussels
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21805E0458/00K000 | Brussels | 209 m² | 1 · 209 m² | 28.4 m · 8 fl. |
| 21447B0228/00E004 | Brussels | 105 m² | 1 · 94 m² | 17.0 m · 5 fl. |
| 21447B0228/00P004 | Brussels | 56 m² | 1 · 48 m² | 16.9 m · 5 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 2
3 of 3 parcels 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
3 sitesBrussel2.371.008.711
Elsene2.263.817.375
Elsene2.335.874.024
Similar companies · same sector, comparable size
HV PIZZA
BE 0889.538.894
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MATITI
BE 0697.569.560
Middelkerke · Eq €238,647
SUSHI HANAKO
BE 0568.822.747
Wemmel · Eq €238,562
VEERLE DE ROUCK
BE 0477.006.309
Gent · Eq €238,467
SAIRAM
BE 0820.882.492
Gent · Eq €238,406
Of 21,888 companies in sector 56112 we hold annual accounts for 9,780. 6,291 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded10-02-2017
Fiscal year end31-12
Activities, NACEBEL 2025
56112Limited-service restaurants, excluding mobile food services
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.