Pain d'or Trade
The computed 12-month bankruptcy probability of Pain d'or Trade is 3.2% (moderate). The 2024 annual accounts show equity of €223 and a net result of €-558. Equity is shrinking by ~445.6% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2025. Its solvency ranks better than 28% of 6725 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €223 |
| Net result | €-558 |
| Staff (FTE) | 1.3 |
| Better than sector | 28% |
Fragile profile, watch profitability in particular.
All 5 axes are computed from data Checked has read.
The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.
See plans →How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 0.5% | 20.4% | |
| Net result | €-558 | €4k | |
| Equity | €223 | €16k | |
| Gross operating margin | €44k | €24k | |
| Staff costs | €40k | €33k |
Figures by fiscal year and ratios
| Fiscal year | 2024 |
|---|---|
| Deposit | micro schema |
| Revenue | - |
| EBITDA | €3k |
| Net profit | €-558 |
| Cash flow | €3k |
| Staff costs | €40k |
| Income taxes | - |
| Dividends | - |
| Total assets | €47k |
| Equity | €223 |
| Debt | €47k |
| of which ≤ 1y | €47k |
| of which > 1y | - |
| Working capital | €-12k |
| Employees (FTE) | 1.3 |
| 2024 | |
|---|---|
| Current ratio | 0.74 |
| Quick ratio | 0.19 |
| Working capital ratio | -25.6% |
| Solvency | 0.5% |
| Debt / equity | 209.22 |
| Long-term debt ratio | - |
| Interest coverage | 14.54 |
| Gross margin | - |
| Net margin | - |
| ROA | -1.2% |
| ROE | -250.0% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Full annual accounts (22 line items)
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €47k |
| Fixed assets | 21/28 | €12k |
| Tangible fixed assets | 22/27 | €12k |
| Financial fixed assets | 28 | €623 |
| Current assets | 29/58 | €35k |
| Stocks & contracts in progress | 3 | €26k |
| Amounts receivable within one year | 40/41 | €5k |
| Cash & bank | 54/58 | €3k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €47k |
| Equity | 10/15 | €223 |
| Contributions / capital | 10/11 | €13k |
| Accumulated profits (losses) | 14 | €-13k |
| Amounts payable | 17/49 | €47k |
| Amounts payable within one year | 42/48 | €47k |
| Trade debts payable within one year | 44 | €18k |
| Income statement | ||
| Gross operating margin | 9900 | €44k |
| Operating result | 9901 | €-357 |
| Financial income | 75 | €0 |
| Financial charges | 65 | €201 |
| Result before taxes | 9903 | €-558 |
| Net result for the period | 9904 | €-558 |
| Result to be appropriated | 9905 | €-558 |
-
Current01-07-2023 → present
| NACE primary | Retail sale of bread and pastry (bakery outlets)(47241) |
| Legal form | Private limited company(610) |
| Incorporation | 12-04-2022 |
| Status | Active |
| Postal code | 4020 |
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62808A0531/00G000 | Wallonia | 333 m² | 1 · 111 m² | 18.0 m · 5 fl. |
05-06-2026 NBB filing Annual accounts filed
26-02-2026 State Gazette act Director changes
29-08-2025 State Gazette act Registered-office change
16-01-2025 NBB filing Annual accounts filed
13-10-2023 NBB filing Annual accounts filed
14-07-2023 State Gazette act Director changes
15-06-2022 State Gazette act Capital & shares
14-04-2022 State Gazette act Incorporation
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
26-02-2026 BOUKRAÂ Mimoun resigns as director
- BOUKRAÂ Mimoun, Bestuurder
Technical details
{
"events": [
{
"kind": "director_out",
"role": "administrateur",
"person": {
"rrn": null,
"name": "BOUKRA\u00C2 Mimoun",
"address": null,
"birth_date": null,
"profession": null,
"birth_place": null
},
"reason": "de_plein_droit_dissolution",
"subkind": "regular",
"via_org": null,
"statutory": null,
"compensated": null,
"effective_date": "2026-02-19",
"evidence_quote": "Monsieur BOUKRA\u00C2 Mimoun d\u00E9missionne de son poste d\u0027administrateur \u00E0 partir de ce jour.",
"decharge_status": null,
"mandate_duration": null,
"rep_rotation_new_rep": null,
"rep_rotation_old_rep": null,
"effective_date_qualifier": "immediate"
}
],
"notary": {
"name": null,
"firm_city": null,
"firm_name": null,
"office_city": "Ixelles",
"is_associated": false
},
"act_meta": {
"language": "mixed",
"pub_date": "2026-02-26",
"filing_date": "2025-11-08",
"act_kind_objet": "DEMISSION ADMINISTRATEUR, TRANSFERT DU SIEGE SOCIAL"
},
"decisions": [
{
"body": "algemene_vergadering",
"date": "2025-11-08",
"unanimous": true
}
],
"is_correction": false,
"subject_company": {
"kbo": "0784.738.512",
"name_full": "Pain d\u0027or Trade",
"legal_form": "SRL"
},
"publication_proxy": {
"kind": "person",
"org_kbo": null,
"org_name": null,
"person_name": "BOUOKRA\u00C4 Mimoun",
"org_rep_person_name": null,
"person_role_at_subject": null
},
"co_filed_documents": [],
"corrected_publication_numac": null
}29-08-2025 Registered office moved from Liège to Auderghem
- Rue Saint Pholien 14, 4020 Liège → Place Edouard Pinoy 12, 1160 Auderghem
Technical details
{
"events": [
{
"kind": "zetel_transfer",
"seat_type": "statutaire",
"new_address": {
"city": "Auderghem",
"region": "Brussels Gewest",
"street": "Place Edouard Pinoy",
"country": "BE",
"postcode": "1160",
"box_number": null,
"street_number": "12"
},
"old_address": {
"city": "Li\u00E8ge",
"region": "Waals",
"street": "Rue Saint Pholien",
"country": "BE",
"postcode": "4020",
"box_number": null,
"street_number": "14"
},
"effective_date": "2025-07-31",
"evidence_quote": "Le si\u00E9ge social est transf\u00E9r\u00E9 \u00E0 1160 Auderghem Place Edouard Pinoy 12 \u00E0 partir de cette date"
}
],
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"subject_company": {
"kbo": "0784.738.512",
"name_full": "PAIN D\u0027OR TRADE",
"legal_form": "SRL"
}
}14-07-2023 BOUKRAÅ Abdellah appointed as director
- BOUKRAÅ Abdellah, Bestuurder
Technical details
{
"events": [
{
"kind": "director_in",
"role": "bestuurder",
"person": {
"rrn": null,
"name": "BOUKRA\u00C5 Abdellah",
"address": null,
"birth_date": null
},
"effective_date": "2023-07-01",
"evidence_quote": "Monsieur BOUKRA\u00C5 Abdellah, n\u00E9 en 1970 \u00E0 Kebdana est nomm\u00E9 au poste d\u0027administrateur \u00E0 partir de ce jour."
}
],
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"subject_company": {
"kbo": "0784.738.512",
"name_full": "PAIN D\u0027OR TRADE",
"legal_form": "SRL"
}
}15-06-2022 Transaction in capital or shares
Technical details
{
"events": [
{
"kind": "share_transfer",
"amount": 50,
"currency": null,
"after_eur": null,
"delta_eur": null,
"before_eur": null,
"amount_type": "onbekend",
"effective_date": "2022-04-15",
"evidence_quote": "Monsieur BOUKRA\u00C4 Abdellah c\u00E8de \u00E0 Monsieur BOUKRA\u00C4 Mimoun la totalit\u00E9 de ces parts sociales \u00E0 savoir 50 parts, lequel accepte.",
"contribution_type": null
}
],
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"subject_company": {
"kbo": "0784.738.512",
"name_full": "PAIN D\u0027OR TRADE",
"legal_form": "SRL"
}
}14-04-2022 Incorporation of a new SRL
Technical details
{
"kind": "oprichting",
"seat": "4020 Li\u00E8ge, Rue Saint-Pholien 14",
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"founders": [
{
"org": null,
"kind": "natural_person",
"person": {
"dob": "1970-01-02",
"name": "BOUKRA\u00C2 Abdellah",
"niss": null,
"address": "4420 Saint-Nicolas, Rue Pansy, 222"
},
"share_class": "Ordinary",
"partner_role": null,
"holder_org_kbo": null,
"holder_org_name": null,
"contribution_type": "cash",
"amount_paid_in_eur": 6500.0,
"holder_person_name": "BOUKRA\u00C2 Abdellah",
"is_subscriber_only": false,
"n_shares_subscribed": 50,
"amount_subscribed_eur": 6500.0,
"is_anonymous_silent_partner": false
},
{
"org": null,
"kind": "natural_person",
"person": {
"dob": "1972-10-15",
"name": "BOUKRA\u00C2 Mimoun",
"niss": null,
"address": "4000 Li\u00E8ge, Rue des Moulins, 51"
},
"share_class": "Ordinary",
"partner_role": null,
"holder_org_kbo": null,
"holder_org_name": null,
"contribution_type": "cash",
"amount_paid_in_eur": 6500.0,
"holder_person_name": "BOUKRA\u00C2 Mimoun",
"is_subscriber_only": false,
"n_shares_subscribed": 50,
"amount_subscribed_eur": 6500.0,
"is_anonymous_silent_partner": false
}
],
"capital_eur": 13000.0,
"subject_company": {
"kbo": "0784.738.512",
"name_full": "Pain d\u0027or Trade",
"legal_form": "SRL"
},
"initial_directors": [],
"incorporation_date": "2022-04-11",
"post_incorporation_mandates": []
}| Legal nameFR | Pain d'or Trade |