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BOULANGERIE - PATISSERIE NYSTEN

Active
Public limited companyfounded 199036 yrs activeRue Voie des Vaux 162, 4420 Saint-Nicolas, BelgiumKBO/BCE: BE 0441.155.901
Summary

The computed 12-month bankruptcy probability of BOULANGERIE - PATISSERIE NYSTEN is 4.6% (elevated). The 2025 annual accounts show negative equity (-€79,275) and a net result of -€8,163. Equity is shrinking by ~19.5% per year across the filed fiscal years. The company has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals.

Risk analysisWatch ReportCompare
BOULANGERIE - PATISSERIE NYSTENActiveChecked score 37/100
Risk analysis ReportCompare

Overview

Activity
L’achat, la vente, la construction, la transformation, l’équipement, la location, la sous-location, l’exploitation et…
From the articles, 7 activitiesNo NACE code in the KBO yet1 site
Size
€33,077total assets 2025
Equity
-€79,275
Loss
-€8,163
Financial health
37 Weak Checked score 2025
Bankruptcy chance 12 m
4.6%
Structure
Parent
Saga Invest · 100%
Board
1 member
Accounts 57 d early1 of 6 deeds read
Why 37- 2 changes of registered office in 24 months- Negative equity -€79,275+ Size: total assets €33,077+ Founded in 1990Show the evidence

Checked score

Score 2025
37 / 100
Weak
Probability in this band: 4.2% to 15.0%
Better than 25% of its sector peers (no NACE code, micro)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Weak
Solvency 0=
equity -239.7% of total assets
Liquidity 74+74
short-term debt 30.6%
Profitability 0=
return on assets -24.7%
Bankruptcy probability, 12 months
4.6% Elevated
0%0.5%1.5%4%10%≥ 25%

About 5 in 100 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 11-2024: 1.7%lowest value 12-2024: 1.7%● 0.0% vs 11-2024lowest value 01-2025: 1.7%● 0.0% vs 12-2024lowest value 02-2025: 1.7%● 0.0% vs 01-2025lowest value 03-2025: 1.7%● 0.0% vs 02-2025lowest value 04-2025: 2.2%▲ +31.9% vs 03-2025 05-2025: 2.2%● 0.0% vs 04-2025 06-2025: 5.3%▲ +142% vs 05-2025highest value 07-2025: 5.3%● 0.0% vs 06-2025highest value 08-2025: 5.3%● 0.0% vs 07-2025highest value 09-2025: 5.3%● 0.0% vs 08-2025highest value 10-2025: 5.3%● 0.0% vs 09-2025highest value 11-2025: 2.2%▼ -58.6% vs 10-2025 12-2025: 2.2%● 0.0% vs 11-2025 01-2026: 2.2%● 0.0% vs 12-2025 02-2026: 2.2%● 0.0% vs 01-2026 03-2026: 2.3%▲ +5.3% vs 02-2026 04-2026: 2.4%▲ +3.1% vs 03-2026 05-2026: 2.5%▲ +6.0% vs 04-2026 06-2026: 3.1%▲ +21.8% vs 05-2026 07-2026: 1.8%▼ -43.0% vs 06-2026 08-2026: 4.6%▲ +161% vs 07-2026 09-2026: 4.6%● 0.0% vs 08-2026 10-2026: 4.6%● 0.0% vs 09-2026
  • 2 changes of registered office in 24 months raises the probability
  • Size: total assets €33,077 lowers the probability for this profile
  • Founded in 1990 lowers the probability for this profile
  • Negative equity -€79,275 raises the probability
No credit on open account
Liquidity short (current ratio 0.02; short-term debt: 30.6% of total assets), and equity is negative.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (no NACE code, micro). Better than this share of them on solvency 5%, liquidity 69%, profitability 4%, growth against the median 23%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 06-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · 2 changes of registered office in 24 months
In the bankruptcy model this factor raises the probability.
Belgian State Gazette
lowers risk · Size: total assets €33,077
In the bankruptcy model this factor lowers the probability for this profile.
NBB · annual accounts
lowers risk · Founded in 1990
In the bankruptcy model this factor lowers the probability for this profile.
KBO
raises risk · Negative equity -€79,275
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
1819202122232425
2018 to 2025 · latest year -€79,275
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 04-06-2026, 57 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
57 d early
2024
135 d early
2023
21 d early
2022
54 d early
2021
2 d early
2020
18 d early
2019
26 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 37 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

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. Usually files around 7 June (4 of the last 5 filed years within 52 days of that day).
Companies Code · seven months
Position in the running window
07-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · 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
  1. Appointment: SAGA INVEST (sole director)Permanent representative: GAGLIARDO Grégory ·…
  2. Annual accounts filedfiscal year 2025 · full…
  3. Annual accounts filedfiscal year 2024 · micro…

Key points

  • Risk: Negative equityfiscal year 2025: debts exceed assets -€79,275 View
  • Risk: 8 loss-making years in a rowloss fiscal year 2025 -€8,163 View
  • Controlled by Saga Invest 100% View
  • Positive: Always filed on timeaccounts within the deadline every year 6 years View
  • New directorlatest change 14-07-2026 · 1 in office 1 joined View

By topic

Financials

Fiscal year
2025
Total assets
€33,077
Loss
-€8,163
Solvency
-239.7%
Go to Financials

Timeline

Events
12
Since
2017
Next accounts
by 31-07-2027
  1. 14-07-2026Appointment: SAGA INVEST (sole director)
  2. 04-06-2026Annual accounts filed
  3. 18-03-2025Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Founded
06-07-1990
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
34
Annual meeting
Second Friday of June at 18:00
Purpose
L’achat, la vente, la construction, la transformation, l’équipement, la location, la…
Go to Articles of association

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