Les Co' Pains
ActiveSummary
Les Co' Pains has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €157k and a net result of €24k. Equity is growing by ~14.2% per year across the filed fiscal years. Its solvency ranks better than 33% of 643 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
63
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability74▼-10
Solvency51▲+1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9k at 30 days acceptable
Liquidity tight (current ratio 1.17 against 1.31 in 2024; short-term debt: 28% and cash: 6.9% of total assets), and 74.4% of the assets are financed with debt.
Credit advice 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 10
Relative position
BE, all sectors
reference
Sector 10
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
25.6%
Return on assets
3.9%
Age of the figures
12 mo
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 30-09-2025 was due by 30-04-2026 and was filed on 29-04-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
6 d early
2023
4 d early
2022
30 d early
2021
43 d early
2020
31 d early
2019
28 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€24k▼ 69.2%
2024 · €78k
2018: €21k
2019: €22k
2020: €1k
2021: €20k
2022: €10k
2023: €22k
2024: €78k
2018 → 2025
Working capital
€29k▼ 42.2%
2024 · €50k
2018: €-1k
2019: €17k
2020: €39k
2021: €263k
2022: €256k
2023: €99k
2024: €50k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€101k-€107k▲ 6.1%€129k▲ 20.7%€157k▲ 21.7%€157k=
Operating result€22k-€13k▼ 43.5%€28k▲ 126%€114k▲ 303%€47k▼ 58.7%
Net result€20k-€10k▼ 49.6%€22k▲ 118%€78k▲ 252%€24k▼ 69.2%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 59% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €613k
Fixed assets
€413k ▼ 2.0%
Current assets
€200k ▼ 4.5%
Equity and liabilities €613k
Equity
€157k =
Debt
€456k ▼ 3.7%
Debt's share of the balance-sheet total falls from 75.1% to 74.4%. Debt is lower.
Key figures and ratios
EBITDA
€92k▼
2024 · €152k
Cash flow
€69k▼
2024 · €116k
Current ratio
1.17▼
2024 · 1.31
Quick ratio
1.04▼
2024 · 1.20
Debt to equity
2.90▼
2024 · 3.01
ROE
15.3%▼
2024 · 49.6%
ROA
3.9%▼
2024 · 12.4%
Interest coverage
6.25▼
2024 · 14.45
Debt ≤ 1 year
€171k▲
2024 · €160k
Debt > 1 year
€282k▼
2024 · €314k
Income taxes
€10k▼
2024 · €28k
Staff costs
€273k▲
2024 · €244k
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€630k€613k▼
Fixed assets21/28€421k€413k▼
Tangible fixed assets22/27€419k€411k▼
Land and buildings22€378k€360k▼
Plant, machinery and equipment23€30k€45k▲
Leasing and similar rights25€11k€6k▼
Financial fixed assets28€2k€2k=
Current assets29/58€209k€200k▼
Amounts receivable after more than one year29€9k-
Other amounts receivable291€9k-
Stocks and contracts in progress3€18k€22k▲
Stocks30/36€18k€22k▲
Amounts receivable within one year40/41€116k€120k▲
Trade receivables40€111k€108k▼
Other amounts receivable41€4k€12k▲
Cash at bank and in hand54/58€47k€42k▼
Deferred charges and accrued income490/1€20k€17k▼
Equity and liabilities
Total equity and liabilities10/49€630k€613k▼
Equity10/15€157k€157k=
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€137k€137k=
Amounts payable17/49€473k€456k▼
Amounts payable after more than one year17€314k€282k▼
Financial debts170/4€314k€282k▼
Amounts payable within one year42/48€160k€171k▲
Current portion of amounts payable after more than one year42€33k€32k▼
Trade debts44€19k€27k▲
Suppliers440/4€19k€27k▲
Taxes, remuneration and social security45€57k€60k▲
Taxes450/3€30k€5k▼
Remuneration and social security454/9€27k€55k▲
Other amounts payable47/48€50k€53k▲
Accrued charges and deferred income492/3-€3k
Income statement
Code20242025
Remuneration, social security and pensions62€244k€273k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€38k€45k▲
Other operating charges640/8€2k€3k▲
Gross operating margin9900€399k€368k▼
Operating profit (loss)9901€114k€47k▼
Financial income75/76B€2k€1k▼
Recurring financial income75€2k€1k▼
Financial charges65/66B€11k€15k▲
Recurring financial charges65€11k€15k▲
Profit (loss) for the period before taxes9903€106k€34k▼
Income taxes67/77€28k€10k▼
Profit (loss) for the period9904€78k€24k▼
Profit (loss) for the period to be appropriated9905€78k€24k▼
Appropriation of the result
Profit (loss) to be appropriated9906€187k€161k▼
Profit (loss) brought forward from the previous period14P€109k€137k▲
Profit to be distributed694/7€50k€24k▼
Return on contributions (dividend)694€50k€24k▼
Social balance
Average headcount (FTE)90879.49.2▼
The notes to these accounts (14 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
29-04
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
24-04
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
30-09
Financial
Highest result since 2018net €78k ▲252%
Operating result €114k, net result €78k, both a record.
30-09
Financial
Equity above €150kEq €157k ▲21.7%
7 profitable years in a row build equity to €157k.
26-04
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
18-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Liquidity triplescurrent ratio 4.37
Current ratio from 1.57 to 4.37.
30-09
Financial
Equity above €100kEq €101k ▲19.1%
4 profitable years in a row build equity to €101k.
30-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Weakest financial yearnet €1k ▼94.6%
Net result drops to €1k, the lowest in the series; recovery starts the following year.
02-04
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
Show earlier events
2019
05-03
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
17-03
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
04-03
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, Clavier · 1 establishment unit since 2015
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.
Grand'rue (ROWE) 454560 ClavierGround area
535 m²
Building footprint
99 m²
Volume, LiDAR
818 m³
Parcel 61045B0470/00E000, Wallonia · tallest building 10.0 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Les Co' Pains
since 20152.239.979.626
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 61045B0470/00E000 | Wallonia | 535 m² | 1 · 99 m² | 10.0 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel 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
1 siteClavier2.239.979.626
Similar companies · same sector, comparable size
DELISWEET CAKES
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KAYA
BE 0461.723.661
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DENDER
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DAIMAR
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VAN BUGGENHOUT GUNTHER
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Of 4,226 companies in sector 10712 we hold annual accounts for 1,870. 1,565 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
Founded10-03-2015
Fiscal year end30-09
Activities, NACEBEL 2025
10712Artisanal bread and fresh pastry making
47241Retail sale of bread and pastry (bakery outlets)
47242Retail sale of chocolate and confectionery
56112Limited-service restaurants, excluding mobile food services
Sources
Crossroads Bank for EnterprisesNational Bank · 10 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.