PASTRY DESIGN
ActivePASTRY DESIGN has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €138k and a net result of €14k. Equity is growing by ~9.4% per year across the filed fiscal years. Its solvency ranks better than 43% of 2090 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2024
57
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability45▲+2
Solvency50▲+4
Growth52=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity ample (current ratio 3.09 against 2.61 in 2023; short-term debt: 10.6% and cash: 1.4% of total assets), but 75.5% of the assets are financed with debt.
Credit advice for your own amount and term
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
Sector 10
higher
← 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 · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 10-10-2025, 71 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
not confirmed
2024
71 d late
2023
58 d late
2022
3 d early
2021
4 d early
2020
3 d early
2019
30 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€138k▲ 11.7%
2023 · €124k
2018: €80k
2019: €86k
2020: €102k
2021: €115k
2022: €117k
2023: €124k
2018 → 2024
Total assets
€564k▼ 5.3%
2023 · €595k
2018: €179k
2019: €509k
2020: €428k
2021: €572k
2022: €637k
2023: €595k
2018 → 2024
Net result
€14k▲ 122%
2023 · €7k
2018: €17k
2019: €7k
2020: €16k
2021: €13k
2022: €3k
2023: €7k
2018 → 2024
Working capital
€124k▲ 11.8%
2023 · €111k
2018: €33k
2019: €-172k
2020: €85k
2021: €78k
2022: €67k
2023: €111k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€102k-€115k▲ 12.5%€117k▲ 2.3%€124k▲ 5.6%€138k▲ 11.7%
Operating result€35k-€38k▲ 7.8%€29k▼ 24.2%€49k▲ 71.7%€43k▼ 11.5%
Net result€16k-€13k▼ 18.8%€3k▼ 79.6%€7k▲ 152%€14k▲ 122%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 12% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €564k
Fixed assets
€380k▼ 8.5%
Current assets
€184k▲ 2.1%
Equity and liabilities €564k
Equity
€138k▲ 11.7%
Debt
€425k▼ 9.8%
The debt ratio falls from 79.2% to 75.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€82k▼
2023 · €114k
Cash flow
€53k▼
2023 · €72k
Solvency
24.5%▲
2023 · 20.8%
Current ratio
3.09▲
2023 · 2.61
Quick ratio
3.04▲
2023 · 2.56
Debt / equity
3.08▼
2023 · 3.81
ROE
10.5%▲
2023 · 5.3%
ROA
2.6%▲
2023 · 1.1%
Interest coverage
2.73▼
2023 · 2.78
Debt
€425k▼
2023 · €471k
Debt ≤ 1 year
€60k▼
2023 · €69k
Debt > 1 year
€363k▼
2023 · €402k
Income taxes
€8k▲
2023 · €2k
Staff costs
€3k▲
2023 · €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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€595k€564k▼
Fixed assets21/28€415k€380k▼
Tangible fixed assets22/27€415k€380k▼
Land and buildings22€243k€230k▼
Plant, machinery and equipment23€172k€149k▼
Furniture and vehicles24€336-
Current assets29/58€180k€184k▲
Amounts receivable after more than one year29€130k-
Other amounts receivable291€130k-
Stocks and contracts in progress3€3k€3k▼
Stocks30/36€3k€3k▼
Amounts receivable within one year40/41€24k€173k▲
Trade receivables40€4k€1k▼
Other amounts receivable41€20k€172k▲
Cash at bank and in hand54/58€22k€8k▼
Deferred charges and accrued income490/1€965€178▼
Equity and liabilities
Total equity and liabilities10/49€595k€564k▼
Equity10/15€124k€138k▲
Contributions10/11€6k€6k=
Reserves13€109k€123k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€107k€121k▲
Profit (loss) carried forward14€9k€9k=
Amounts payable17/49€471k€425k▼
Amounts payable after more than one year17€402k€363k▼
Financial debts170/4€402k€363k▼
Amounts payable within one year42/48€69k€60k▼
Current portion of amounts payable after more than one year42€36k€39k▲
Financial debts43€1k-
Credit institutions430/8€1k-
Trade debts44€23k€15k▼
Suppliers440/4€23k€15k▼
Taxes, remuneration and social security45€8k€5k▼
Taxes450/3€4k€5k▲
Remuneration and social security454/9€4k€300▼
Accrued charges and deferred income492/3-€2k
Income statement
Code20232024
Remuneration, social security and pensions62€3k€3k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€65k€39k▼
Other operating charges640/8€2k€4k▲
Gross operating margin9900€119k€90k▼
Operating profit (loss)9901€49k€43k▼
Financial income75/76B€346€9k▲
Recurring financial income75€346€9k▲
Financial charges65/66B€41k€30k▼
Recurring financial charges65€41k€30k▼
Profit (loss) for the period before taxes9903€8k€22k▲
Income taxes67/77€2k€8k▲
Profit (loss) for the period9904€7k€14k▲
Profit (loss) for the period to be appropriated9905€7k€14k▲
Appropriation of the result
Profit (loss) to be appropriated9906€9k€24k▲
Profit (loss) brought forward from the previous period14P€3k€9k▲
Transfer to equity691/2-€14k
To other reserves6921-€14k
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
10-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 71 days late
2024
27-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 58 days late
2023
27-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Weakest financial yearnet €3k ▼79.6%
Net result drops to €3k, the lowest in the series; recovery starts the following year.
26-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
27-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Liquidity times 8current ratio 3.89
Current ratio from 0.50 to 3.89; short-term debt falls from €342k to €29k.
30-09
Financial
Equity above €100kEq €102k ▲18.1%
3 profitable years in a row build equity to €102k.
31-03
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
27-03
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
30-03
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
30-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
14-04
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Zottegem · 1 establishment unit since 2014
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.
Stationsstraat 509620 ZottegemGround area
134 m²
Building footprint
63 m²
Volume, LiDAR
729 m³
Parcel 41081A0691/00Y003, Flanders · tallest building 13.8 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
PASTRY DESIGN
since 20142.226.682.312
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41081A0691/00Y003 | Flanders | 134 m² | 1 · 63 m² | 13.8 m · 4 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.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Recognitions · licences · registrations
Food safety, FASFC
1 siteZottegem2.226.682.312
Dual-learning approval
1 live approval · 4 endedBrood- en banketbakkerij duaal (so)
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KRILIEN
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DE WAELE - HAENEBALCKE
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BORAIDA
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Of 4,227 companies in sector 10712 we hold annual accounts for 1,870. 1,585 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded20-09-2013
Fiscal year end31-12
Activities, NACEBEL
10712Artisanal bread and fresh pastry making
10820Manufacture of cocoa, chocolate and sugar confectionery
Sources
Crossroads Bank for EnterprisesNational Bank · 11 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryPhone:000/000000