Kris De Munck
ActiveSummary
Kris De Munck has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €300,804 and a net result of -€4,811. Equity is growing by ~7.6% per year across the filed fiscal years. Its solvency ranks better than 82% of 1596 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability67▼-14
Solvency94▲+5
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €24,000 at 30 days acceptable
Liquidity ample (current ratio 2.14 against 1.82 in 2024; short-term debt: 24.8% and cash: 42.6% of total assets), and 31% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four 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 10
Relative position
BE, all sectors
reference
Manufacture of food products (NACE 10)
about 60% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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 07-07-2026, 24 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
24 d early
2024
29 d early
2023
28 d early
2022
18 d early
2021
44 d early
2020
32 d early
2019
29 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 29 days before the deadline; the sector median for financial year 2024 is 5 days before the deadline, and 38% of the sector filed 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 4 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
In the rankings
#8 oldest company in Sint-Gillis-Waas, Manufacturing sector#10 company by equity in Sint-Gillis-Waas, Manufacturing sector
Equity
€300,804▼ 1.6%
2024 · €305,615
Total assets
€435,806▼ 8.7%
2024 · €477,216
Net result
-€4,811
2024 · €48,420
Working capital
€123,038▲ 24.7%
2024 · €98,659
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 10, Manufacture of food products, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€31,212▼ 22.9%€10,010▼ 67.9%€61,594▲ 515%€75,961▲ 23.3%€1,343▼ 98.2%
Net result€12,348within the sector's middle half▼ 38.9%-€2,457below the sector's middle half€36,886within the sector's middle half€48,420above the sector's middle half▲ 31.3%-€4,811below the sector's middle half
Equity€222,766above the sector's middle half▲ 5.9%€220,309within the sector's middle half▼ 1.1%€257,195within the sector's middle half▲ 16.7%€305,615above the sector's middle half▲ 18.8%€300,804above the sector's middle half▼ 1.6%
Total assets€568,438above the sector's middle half▼ 1.2%€509,792below the sector's middle half▼ 10.3%€487,166below the sector's middle half▼ 4.4%€477,216above the sector's middle half▼ 2.0%€435,806above the sector's middle half▼ 8.7%
Debt€345,672▼ 5.3%€289,483▼ 16.3%€229,971▼ 20.6%€171,601▼ 25.4%€135,002▼ 21.3%
Working capital-€9,850within the sector's middle half▲ 75.2%-€32,956within the sector's middle half▼ 235%€19,141within the sector's middle half€98,659above the sector's middle half▲ 415%€123,038above the sector's middle half▲ 24.7%
Solvency39.2%within the sector's middle half▲ 2.6pp43.2%within the sector's middle half▲ 4.0pp52.8%within the sector's middle half▲ 9.6pp64.0%above the sector's middle half▲ 11.2pp69.0%above the sector's middle half▲ 5.0pp
Current ratio0.95within the sector's middle half▲ 0.170.80below the sector's middle half▼ 0.151.13within the sector's middle half▲ 0.331.82within the sector's middle half▲ 0.702.14within the sector's middle half▲ 0.32
Return on assets (ROA)2.2%within the sector's middle half▼ 1.3pp-0.5%below the sector's middle half▼ 2.7pp7.6%within the sector's middle half▲ 8.1pp10.1%within the sector's middle half▲ 2.6pp-1.1%within the sector's middle half▼ 11.3pp
Staff (FTE)13▲ 85.7%8.3within the sector's middle half▼ 36.2%7.1within the sector's middle half▼ 14.5%15.4▲ 117%13.9▼ 9.7%
above
within
below
the middle half (P25 to P75) of NACE 10, Manufacture of food products, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Why a figure moved sharply
- 2024 Staff (FTE) +117% on 2023. The accounts now follow the micro schema, last year the abbreviated schema.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 98% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €435,806
Fixed assets
€204,865 ▼ 20.9%
Current assets
€230,941 ▲ 5.8%
Equity and liabilities €435,806
Equity
€300,804 ▼ 1.6%
Debt
€135,002 ▼ 21.3%
Debt's share of the balance-sheet total falls from 36.0% to 31.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
€59,406▼
2024 · €148,141
Cash flow
€53,253▼
2024 · €120,599
Quick ratio
1.95▲
2024 · 1.62
Debt to equity
0.45▼
2024 · 0.56
ROE
-1.6%▼
2024 · 15.8%
Interest coverage
6.20▼
2024 · 15.30
Debt ≤ 1 year
€107,903▼
2024 · €119,684
Debt > 1 year
€27,099▼
2024 · €51,918
Income taxes
€244▼
2024 · €19,088
Staff costs
€192,769▼
2024 · €239,157
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 8,612 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 94% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a small loss
0.4%
went bankrupt
5.1%
stopped otherwise
94%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 0.8% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 8,612 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €0 | - | - | €23,643 | €0 | ▼ 100% |
| Remuneration, social security and pensions62 | €281,780 | €299,133 | €241,080 | €239,157 | €192,769 | ▼ 19.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €65,934 | €68,651 | €76,171 | €72,180 | €58,064 | ▼ 19.6% |
| Other operating charges640/8 | €4,839 | €5,544 | €5,330 | €5,506 | €5,063 | ▼ 8.0% |
| Gross operating margin9900 | €383,765 | €383,338 | €384,175 | €392,804 | €257,238 | ▼ 34.5% |
| Operating profit (loss)9901 | €31,212 | €10,010 | €61,594 | €75,961 | €1,343 | ▼ 98.2% |
| Financial income75/76B | €933 | €485 | €136 | €1,227 | €3,667 | ▲ 199% |
| Recurring financial income75 | €933 | €485 | €136 | €1,227 | €3,667 | ▲ 199% |
| Financial charges65/66B | €12,523 | €12,614 | €9,883 | €9,681 | €9,576 | ▼ 1.1% |
| Recurring financial charges65 | €12,523 | €12,614 | €9,883 | €9,681 | €9,576 | ▼ 1.1% |
| Profit (loss) for the period before taxes9903 | €19,623 | -€2,119 | €51,848 | €67,508 | -€4,567 | ▼ 107% |
| Income taxes67/77 | €7,275 | €338 | €14,962 | €19,088 | €244 | ▼ 98.7% |
| Profit (loss) for the period9904 | €12,348 | -€2,457 | €36,886 | €48,420 | -€4,811 | ▼ 110% |
| Transfer from tax-exempt reserves789 | €0 | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €12,348 | -€2,457 | €36,886 | €48,420 | -€4,811 | ▼ 110% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €568,438 | €509,792 | €487,166 | €477,216 | €435,806 | ▼ 8.7% |
| Fixed assets21/28 | €384,352 | €378,945 | €315,896 | €258,874 | €204,865 | ▼ 20.9% |
| Intangible fixed assets21 | €977 | €732 | €486 | €240 | €0 | ▼ 100% |
| Tangible fixed assets22/27 | €383,375 | €378,214 | €315,410 | €258,633 | €204,865 | ▼ 20.8% |
| Land and buildings22 | €184,559 | €168,469 | €152,913 | €130,520 | €109,669 | ▼ 16.0% |
| Plant, machinery and equipment23 | €168,643 | €177,573 | €145,351 | €118,284 | €67,363 | ▼ 43.0% |
| Furniture and vehicles24 | €30,174 | €32,172 | €17,146 | €9,829 | €27,833 | ▲ 183% |
| Current assets29/58 | €184,085 | €130,846 | €171,270 | €218,343 | €230,941 | ▲ 5.8% |
| Stocks and contracts in progress3 | €21,817 | €21,809 | €19,481 | €24,402 | €20,443 | ▼ 16.2% |
| Stocks30/36 | €21,817 | €21,809 | €19,481 | €24,402 | €20,443 | ▼ 16.2% |
| Amounts receivable within one year40/41 | €35,820 | €41,377 | €34,494 | €1,875 | €14,596 | ▲ 679% |
| Trade receivables40 | €22,157 | €9,052 | €33,817 | €1,875 | €1,794 | ▼ 4.3% |
| Other amounts receivable41 | €13,662 | €32,324 | €678 | €0 | €12,802 | - |
| Cash at bank and in hand54/58 | €119,147 | €55,563 | €106,765 | €186,182 | €185,723 | ▼ 0.2% |
| Deferred charges and accrued income490/1 | €7,302 | €12,097 | €10,530 | €5,884 | €10,179 | ▲ 73.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €568,438 | €509,792 | €487,166 | €477,216 | €435,806 | ▼ 8.7% |
| Equity10/15 | €222,766 | €220,309 | €257,195 | €305,615 | €300,804 | ▼ 1.6% |
| Contributions10/11 | €49,600 | €49,600 | €49,600 | €49,600 | €49,600 | = |
| Reserves13 | €173,166 | €170,709 | €207,595 | €256,015 | €251,204 | ▼ 1.9% |
| Non-distributable reserves130/1 | €4,960 | €4,960 | €0 | - | - | - |
| Reserves not available under the articles1311 | €4,960 | €4,960 | €0 | - | - | - |
| Distributable reserves133 | €168,206 | €165,749 | €207,595 | €256,015 | €251,204 | ▼ 1.9% |
| Amounts payable17/49 | €345,672 | €289,483 | €229,971 | €171,601 | €135,002 | ▼ 21.3% |
| Amounts payable after more than one year17 | €140,441 | €119,134 | €77,841 | €51,918 | €27,099 | ▼ 47.8% |
| Financial debts170/4 | €140,441 | €119,134 | €77,841 | €51,918 | €27,099 | ▼ 47.8% |
| Amounts payable within one year42/48 | €193,936 | €163,802 | €152,130 | €119,684 | €107,903 | ▼ 9.8% |
| Current portion of amounts payable after more than one year42 | €42,919 | €52,571 | €45,812 | €30,459 | €25,990 | ▼ 14.7% |
| Financial debts43 | €2,263 | - | - | - | €3,372 | - |
| Credit institutions430/8 | €2,263 | - | - | - | €3,372 | - |
| Trade debts44 | €93,370 | €55,484 | €50,018 | €48,433 | €35,865 | ▼ 25.9% |
| Suppliers440/4 | €93,370 | €55,484 | €50,018 | €48,433 | €35,865 | ▼ 25.9% |
| Taxes, remuneration and social security45 | €52,302 | €53,855 | €48,979 | €40,791 | €41,500 | ▲ 1.7% |
| Taxes450/3 | €1,549 | €2,550 | €9,313 | €11,103 | €10,622 | ▼ 4.3% |
| Remuneration and social security454/9 | €50,753 | €51,305 | €39,666 | €29,688 | €30,879 | ▲ 4.0% |
| Other amounts payable47/48 | €3,081 | €1,893 | €7,321 | €0 | €1,175 | - |
| Accrued charges and deferred income492/3 | €11,295 | €6,547 | €0 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €12,348 | -€2,457 | €36,886 | €48,420 | -€4,811 | ▼ 110% |
| + Depreciation and write-downs630 | €65,934 | €68,651 | €76,171 | €72,180 | €58,064 | ▼ 19.6% |
| Operating cash flow (approximation) | €78,282 | €66,194 | €113,057 | €120,599 | €53,253 | ▼ 55.8% |
| Investment in fixed assets (approximation) | - | -€63,244 | -€13,121 | -€15,157 | -€4,055 | ▲ 73.2% |
| Change in cash | - | -€63,584 | €51,202 | €79,417 | -€460 | ▼ 101% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
07-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
02-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €48,420 ▲31.3%
Operating result €75,961, net result €48,420, both a record.
03-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Back to profitnet €36,886
Net result €36,886 after one loss-making year.
13-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
17-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
29-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €200,000Eq €210,418 ▲10.6%
2 profitable years in a row build equity to €210,418.
02-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €4,522
Net result €4,522 after one loss-making year.
27-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
13-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
11-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
No directors read yet: 0 of 2 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Sint-Gillis-Waas · 2 establishment units since 1993
Ground area
2,338 m²
Building footprint
516 m²
Volume, LiDAR
2,933 m³
2 parcels, Flanders · tallest building 12.9 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
KRIS DE MUNCK
since 19932.062.338.873
Hellestraat(STE) 161, 9190 Stekene
since 20102.193.092.992
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46005A0275/00T000 | Flanders | 1,816 m² | 1 · 338 m² | 12.9 m · 1 fl. |
| 46322D0599/00B002 | Flanders | 522 m² | 1 · 178 m² | 10.7 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 933 EUR awarded · 933 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 176 EUR | 176 EUR |
| 2024 | 1 | 176 EUR | 176 EUR |
| 2023 | 1 | 176 EUR | 176 EUR |
| 2022 | 1 | 405 EUR | 405 EUR |
Recognitions · licences · registrations
Food safety, FASFC
2 sites · 1 with a smileySint-Gillis-Waas2.062.338.873
Stekene2.193.092.992
Dual-learning approval
2 live approvals · 8 endedMedewerker (banket)bakkerij duaal (so)
Medewerker bakkerij (vwo)
Show 8 ended approvals
Aanvuller (so)
Banketbakker (so)
Brood- en banketbakker (so)
Brood- en banketbakkerij duaal (so)
Broodbakker (so)
Kassier (so)
Verkoper (so)
Winkelbediende (so)
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Of 4,226 companies in this sector we hold annual accounts for 1,878. 1,392 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded21-04-1993
Fiscal year end31-12
Activities, NACEBEL 2025
10712Artisanal bread and fresh pastry making
47241Retail sale of bread and pastry (bakery outlets)
74201Photography, excluding press photography
93199Other sports activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0449935290
Also
9925:BE0449935290
Registered
23-09-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.