L'EPAGNEUL
ActiveL'EPAGNEUL has been active since 1985 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €109k and a net result of €6k. Equity is growing by ~10.7% per year across the filed fiscal years. Its solvency ranks better than 70% of 11323 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
68
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability47▼-4
Solvency92▲+3
Growth52=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity ample (current ratio 2.59 against 2.37 in 2024; short-term debt: 33.4% and cash: 3.2% of total assets), and 33.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
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
66.6%
Return on assets
3.9%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 12-08-2026, 12 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
12 d late
2024
55 d late
2023
30 d late
2022
31 d late
2021
30 d late
2020
61 d late
2019
122 d late
← before the deadline
after the deadline →
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
23-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€6k▼ 25.2%
2024 · €9k
2018: €146k
2019: €20k
2020: €11k
2021: €13k
2022: €5k
2023: €8k
2024: €9k
2018 → 2025
Working capital
€87k▲ 7.9%
2024 · €80k
2018: €1k
2019: €35k
2020: €46k
2021: €58k
2022: €64k
2023: €72k
2024: €80k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€80k-€85k▲ 6.6%€94k▲ 9.6%€102k▲ 9.1%€109k▲ 6.2%
Operating result€18k-€7k▼ 58.7%€11k▲ 56.8%€12k▲ 2.7%€9k▼ 23.9%
Net result€13k-€5k▼ 58.9%€8k▲ 56.2%€9k▲ 3.8%€6k▼ 25.2%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 24% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €163k
Fixed assets
€22k=
Current assets
€141k▲ 1.4%
Equity and liabilities €163k
Equity
€109k▲ 6.2%
Debt
€54k▼ 7.4%
The debt ratio falls from 36.5% to 33.4%. Equity is higher and debt is lower.
Key figures and ratios
Solvency
66.6%▲
2024 · 63.5%
Current ratio
2.59▲
2024 · 2.37
Quick ratio
2.59▲
2024 · 2.37
Debt / equity
0.50▼
2024 · 0.57
ROE
5.9%▼
2024 · 8.3%
ROA
3.9%▼
2024 · 5.3%
Debt
€54k▼
2024 · €59k
Debt ≤ 1 year
€54k▼
2024 · €59k
Income taxes
€2k▼
2024 · €3k
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€161k€163k▲
Fixed assets21/28€22k€22k=
Tangible fixed assets22/27€22k€22k=
Land and buildings22€22k€22k=
Current assets29/58€139k€141k▲
Amounts receivable within one year40/41€136k€135k▼
Trade receivables40€127k€126k▼
Other amounts receivable41€10k€9k▼
Cash at bank and in hand54/58€2k€5k▲
Deferred charges and accrued income490/1€551€586▲
Equity and liabilities
Total equity and liabilities10/49€161k€163k▲
Equity10/15€102k€109k▲
Contributions10/11€27k€27k=
Profit (loss) carried forward14€75k€81k▲
Amounts payable17/49€59k€54k▼
Amounts payable within one year42/48€59k€54k▼
Trade debts44€58k€53k▼
Suppliers440/4€58k€53k▼
Taxes, remuneration and social security45€973€2k▲
Taxes450/3€973€2k▲
Income statement
Code20242025
Other operating charges640/8€5k€5k=
Gross operating margin9900€17k€14k▼
Operating profit (loss)9901€12k€9k▼
Financial income75/76B€1-
Recurring financial income75€1-
Financial charges65/66B€177€180▲
Recurring financial charges65€177€180▲
Profit (loss) for the period before taxes9903€11k€9k▼
Income taxes67/77€3k€2k▼
Profit (loss) for the period9904€9k€6k▼
Profit (loss) for the period to be appropriated9905€9k€6k▼
Appropriation of the result
Profit (loss) to be appropriated9906€75k€81k▲
Profit (loss) brought forward from the previous period14P€66k€75k▲
The notes to these accounts (3 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
12-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 12 days late
2025
24-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 55 days late
2024
31-12
Financial
Equity above €100kEq €102k ▲9.1%
7 profitable years in a row build equity to €102k.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Weakest financial yearnet €5k ▼58.9%
Net result drops to €5k, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 61 days late
2020
30-11
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 122 days late
2019
31-12
Financial
Liquidity doublescurrent ratio 2.15
Current ratio from 1.01 to 2.15; short-term debt falls from €127k to €30k.
30-09
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 61 days late
2018
07-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 7 days late
2017
09-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Fernelmont · 1 establishment unit since 2000
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.
Rue des Fagotis, ZI, Nov. 55380 Fernelmont1 establishment unit
Rue des Fagotis, ZI, Nov. 5, 5380 Fernelmont
since 20002.025.961.202
Similar companies · same sector, comparable size
Wiezewafels
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CONFISERIE GOURMANDE
BE 0825.912.438
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KOZITAN
BE 0877.914.831
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A-Z DISTRIBUTION
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HOT CHOCOLATE
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Of 453 companies in sector 46360 we hold annual accounts for 286. 196 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded07-01-1985
Fiscal year end31-12
Activities, NACEBEL
46360Wholesale trade
47241Retail sale of bread and pastry (bakery outlets)
47252Retail sale of beverages, general range
52240
52250Logistics services
Sources
Crossroads Bank for EnterprisesNational Bank · 41 filings
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.