LOUCOR
ActiveSummary
LOUCOR has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €96,589 and a net result of €90,397. Equity remains stable across the filed fiscal years (±1.5% per year). Its solvency ranks better than 25% of 663 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability91▲+6
Solvency44▲+2
Growth85=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5,000 at 30 days acceptable
Liquidity short (current ratio 0.42 against 0.45 in 2024; short-term debt: 65% and cash: 3% of total assets), and 80.9% of the assets are financed with debt.
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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
Manufacture of food products (NACE 10)
about 60% more bankruptcies
← 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
19.1%
Return on assets
17.9%
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 14-07-2026, 17 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
17 d early
2024
on the day
2023
15 d early
2022
17 d early
2021
16 d early
2020
12 d early
2019
16 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 13 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 15 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Is the workforce growing, and do people stay?Employer check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check Which other companies belong to the same group?TRADITIONAL BREAD BELGIUM · 32 companies
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Financials · fiscal year 2025, full schema
In the rankings
#10 employer in Mons, Manufacturing sector
Turnover
€1.8m▲ 38.6%
2020 · €1.3m
EBIT margin
5.7%▼ 3.6pp
2020 · 9.3%
Net result
€90,397▲ 28.7%
2024 · €70,223
Working capital
-€192,056▼ 10.0%
2024 · -€174,667
Trend over the years
Click a name to add, emphasise or remove a line.Band: 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.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€1.8m▲ 38.6%
Operating result€100,355▼ 15.5%€71,243▼ 29.0%€121,386▲ 70.4%€102,324▼ 15.7%€139,350▲ 36.2%
Net result€80,170within the sector's middle half▼ 5.0%€45,541within the sector's middle half▼ 43.2%€83,598within the sector's middle half▲ 83.6%€70,223within the sector's middle half▼ 16.0%€90,397within the sector's middle half▲ 28.7%
EBIT margin5.7%▼ 3.6pp
Equity€92,371below the sector's middle half€90,969below the sector's middle half▼ 1.5%€91,192below the sector's middle half▲ 0.2%€96,589below the sector's middle half▲ 5.9%
Total assets€1.0mwithin the sector's middle half▼ 26.0%€949,465within the sector's middle half▼ 8.2%€726,928below the sector's middle half▼ 23.4%€552,349below the sector's middle half▼ 24.0%€505,805below the sector's middle half▼ 8.4%
Debt€952,812▼ 27.4%€857,094▼ 10.0%€635,959▼ 25.8%€461,157▼ 27.5%€409,216▼ 11.3%
Working capital-€205,516below the sector's middle half▲ 43.0%-€175,011below the sector's middle half▲ 14.8%-€175,303below the sector's middle half▼ 0.2%-€174,667below the sector's middle half▲ 0.4%-€192,056below the sector's middle half▼ 10.0%
Solvency9.7%below the sector's middle half12.5%below the sector's middle half▲ 2.8pp16.5%below the sector's middle half▲ 4.0pp19.1%within the sector's middle half▲ 2.6pp
Current ratio0.68below the sector's middle half▲ 0.270.71below the sector's middle half▲ 0.030.59below the sector's middle half▼ 0.110.45below the sector's middle half▼ 0.140.42below the sector's middle half▼ 0.04
Return on assets (ROA)7.7%within the sector's middle half▲ 1.7pp4.8%within the sector's middle half▼ 3.0pp11.5%above the sector's middle half▲ 6.7pp12.7%above the sector's middle half▲ 1.2pp17.9%above the sector's middle half▲ 5.2pp
Staff (FTE)23.9within the sector's middle half▲ 48.4%14.9within the sector's middle half▼ 37.7%13.7within the sector's middle half▼ 8.1%13within the sector's middle half▼ 5.1%13.7within the sector's middle half▲ 5.4%
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.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 36% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €505,805
Fixed assets
€369,261 ▼ 9.5%
Current assets
€136,543 ▼ 5.5%
Equity and liabilities €505,805
Equity
€96,589 ▲ 5.9%
Debt
€409,216 ▼ 11.3%
Debt's share of the balance-sheet total falls from 83.5% to 80.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€199,514▲
2024 · €168,934
Cash flow
€150,561▲
2024 · €136,833
Quick ratio
0.37▼
2024 · 0.40
Debt to equity
4.24▼
2024 · 5.06
ROE
93.6%▲
2024 · 77.0%
Interest coverage
40.78▲
2024 · 23.79
Debt ≤ 1 year
€328,599▲
2024 · €319,196
Debt > 1 year
€80,383▼
2024 · €141,640
Income taxes
€44,100▲
2024 · €25,000
Staff costs
€394,507▼
2024 · €397,049
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,684 companies that looked in July 2024 the way this one looks now, 1.3% went bankrupt within 24 months and 97% are still going.
- Small
- 5 to 10 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.3%
went bankrupt
1.2%
stopped otherwise
97%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 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% | 1.9% |
| 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 2,684 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 |
|---|---|---|---|---|---|---|
| Turnover70 | €1.8m | - | - | - | - | - |
| Non-recurring operating income76A | €29,358 | €11,970 | €30,822 | €28,955 | €8,940 | ▼ 69.1% |
| Goods, raw materials, services and sundry goods60/61 | €964,796 | - | - | - | - | - |
| Remuneration, social security and pensions62 | €581,408 | €368,970 | €460,118 | €397,049 | €394,507 | ▼ 0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €131,973 | €83,233 | €77,744 | €66,610 | €60,164 | ▼ 9.7% |
| Other operating charges640/8 | €6,096 | €2,197 | €2,907 | €5,445 | €3,989 | ▼ 26.7% |
| Non-recurring operating charges66A | €39,371 | €2,228 | €4,237 | €20,612 | €2,833 | ▼ 86.3% |
| Gross operating margin9900 | €859,203 | €527,871 | €666,392 | €592,039 | €600,843 | ▲ 1.5% |
| Operating profit (loss)9901 | €100,355 | €71,243 | €121,386 | €102,324 | €139,350 | ▲ 36.2% |
| Financial income75/76B | - | €2,075 | €1,576 | - | €39 | - |
| Recurring financial income75 | - | €2,075 | €1,576 | - | €39 | - |
| Financial charges65/66B | €7,071 | €7,714 | €7,925 | €7,101 | €4,892 | ▼ 31.1% |
| Recurring financial charges65 | €7,071 | €7,714 | €7,925 | €7,101 | €4,892 | ▼ 31.1% |
| Profit (loss) for the period before taxes9903 | €93,284 | €65,604 | €115,037 | €95,223 | €134,497 | ▲ 41.2% |
| Income taxes67/77 | €13,114 | €20,062 | €31,439 | €25,000 | €44,100 | ▲ 76.4% |
| Profit (loss) for the period9904 | €80,170 | €45,541 | €83,598 | €70,223 | €90,397 | ▲ 28.7% |
| Profit (loss) for the period to be appropriated9905 | €80,170 | €45,541 | €83,598 | €70,223 | €90,397 | ▲ 28.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.0m | €949,465 | €726,928 | €552,349 | €505,805 | ▼ 8.4% |
| Formation expenses20 | €1,396 | - | €0 | €0 | €0 | ▼ 100% |
| Fixed assets21/28 | €597,095 | €530,692 | €473,420 | €407,820 | €369,261 | ▼ 9.5% |
| Tangible fixed assets22/27 | €597,095 | €530,692 | €473,420 | €407,820 | €369,261 | ▼ 9.5% |
| Plant, machinery and equipment23 | €138,951 | €100,245 | €80,740 | €57,743 | €46,678 | ▼ 19.2% |
| Furniture and vehicles24 | - | - | - | - | €227 | - |
| Other tangible fixed assets26 | €452,891 | €430,086 | €392,680 | €350,077 | €322,356 | ▼ 7.9% |
| Assets under construction and advance payments27 | €5,253 | €360 | - | - | - | - |
| Current assets29/58 | €436,151 | €418,774 | €253,509 | €144,529 | €136,543 | ▼ 5.5% |
| Stocks and contracts in progress3 | €12,347 | €14,809 | €19,981 | €17,290 | €16,242 | ▼ 6.1% |
| Stocks30/36 | €12,347 | €14,809 | €19,981 | €17,290 | €16,242 | ▼ 6.1% |
| Amounts receivable within one year40/41 | €333,322 | €347,508 | €200,142 | €106,059 | €98,222 | ▼ 7.4% |
| Trade receivables40 | €40,332 | €15,777 | €29,965 | €32,011 | €36,468 | ▲ 13.9% |
| Other amounts receivable41 | €292,990 | €331,731 | €170,177 | €74,047 | €61,754 | ▼ 16.6% |
| Cash at bank and in hand54/58 | €84,187 | €54,959 | €32,095 | €12,923 | €15,253 | ▲ 18.0% |
| Deferred charges and accrued income490/1 | €6,295 | €1,498 | €1,291 | €8,258 | €6,827 | ▼ 17.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.0m | €949,465 | €726,928 | €552,349 | €505,805 | ▼ 8.4% |
| Equity10/15 | - | €92,371 | €90,969 | €91,192 | €96,589 | ▲ 5.9% |
| Contributions10/11 | €61,500 | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Capital10 | €61,500 | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Issued capital100 | €61,500 | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Reserves13 | €6,150 | €6,150 | €6,150 | €6,150 | €6,150 | = |
| Non-distributable reserves130/1 | €6,150 | €6,150 | €6,150 | €6,150 | €6,150 | = |
| Legal reserve130 | €6,150 | €6,150 | €6,150 | €6,150 | €6,150 | = |
| Profit (loss) carried forward14 | €14,180 | €24,721 | €23,319 | €23,542 | €28,939 | ▲ 22.9% |
| Amounts payable17/49 | €952,812 | €857,094 | €635,959 | €461,157 | €409,216 | ▼ 11.3% |
| Amounts payable after more than one year17 | €304,348 | €260,180 | €204,590 | €141,640 | €80,383 | ▼ 43.2% |
| Financial debts170/4 | €298,348 | €254,180 | €198,590 | €135,640 | €74,383 | ▼ 45.2% |
| Other amounts payable178/9 | €6,000 | €6,000 | €6,000 | €6,000 | €6,000 | = |
| Amounts payable within one year42/48 | €641,667 | €593,785 | €428,812 | €319,196 | €328,599 | ▲ 2.9% |
| Current portion of amounts payable after more than one year42 | €100,885 | €116,570 | €133,090 | €62,950 | €61,274 | ▼ 2.7% |
| Financial debts43 | €62,021 | €48,231 | €18,143 | - | - | - |
| Credit institutions430/8 | €62,021 | €48,231 | €18,143 | - | - | - |
| Trade debts44 | €168,067 | €209,769 | €91,163 | €112,460 | €125,423 | ▲ 11.5% |
| Suppliers440/4 | €168,067 | €209,769 | €91,163 | €112,460 | €125,423 | ▲ 11.5% |
| Taxes, remuneration and social security45 | €68,615 | €30,226 | €82,380 | €44,799 | €53,355 | ▲ 19.1% |
| Taxes450/3 | €12,357 | €8,284 | €8,112 | €162 | €7,809 | ▲ 4,714% |
| Remuneration and social security454/9 | €56,258 | €21,942 | €74,267 | €44,637 | €45,545 | ▲ 2.0% |
| Other amounts payable47/48 | €242,079 | €188,988 | €104,035 | €98,987 | €88,547 | ▼ 10.5% |
| Accrued charges and deferred income492/3 | €6,797 | €3,129 | €2,556 | €321 | €234 | ▼ 27.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €80,170 | €45,541 | €83,598 | €70,223 | €90,397 | ▲ 28.7% |
| + Depreciation and write-downs630 | €131,973 | €83,233 | €77,744 | €66,610 | €60,164 | ▼ 9.7% |
| Operating cash flow (approximation) | €212,143 | €128,774 | €161,342 | €136,833 | €150,561 | ▲ 10.0% |
| Investment in fixed assets (approximation) | - | -€16,830 | -€20,472 | -€1,010 | -€21,606 | ▼ 2,039% |
| Change in cash | - | -€29,228 | -€22,864 | -€19,172 | €2,329 | ▲ 112% |
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
14-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Highest result since 2018net €90,397 ▲28.7%
Operating result €139,350, net result €90,397, both a record.
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
16-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
14-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
15-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
19-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
15-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Equity above €100,000Eq €117,609 ▲71%
2 profitable years in a row build equity to €117,609.
16-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
06-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 9 acts read
About the unread acts
We know of 9 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
9 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, Mons · 1 establishment unit 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.
Place de St Symphorien 247030 MonsGround area
5,026 m²
Building footprint
2,238 m²
Volume, LiDAR
10,450 m³
Parcel 55022A0355/00S008, Wallonia · tallest building 5.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Loucor
since 20172.260.520.563
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 55022A0355/00S008 | Wallonia | 5,026 m² | 1 · 2,238 m² | 5.9 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Part of the group
TRADITIONAL BREAD BELGIUM
32 companies
Group, risk and exposure
Owners and holdings
1 ownerChain of control
- TRADITIONAL BREAD BELGIUM
- LOUCOR
Highest known parent: TRADITIONAL BREAD BELGIUM. The sources do not say who stands above it.
Owners 1
-
100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Recognitions · licences · registrations
Food safety, FASFC
1 site · 1 with a smileyLa Louvière2.260.520.563
Legal Entity Identifier
549300OUJNWS67TYO660
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Of 4,230 companies in sector 10712 we hold annual accounts for 1,875. 1,602 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded17-01-2017
Fiscal year end31-12
Activities, NACEBEL 2025
10712Artisanal bread and fresh pastry making
10720Manufacture of food products
47241Retail sale of bread and pastry (bakery outlets)
47252Retail sale of beverages, general range
56112Limited-service restaurants, excluding mobile food services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0669698886
Registered
15-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.