PATISSERIE NICOLAS
ActivePATISSERIE NICOLAS has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €248k and a net result of €-80k. Equity remains stable across the filed fiscal years (±1.1% per year). Its solvency ranks better than 27% of 800 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2025
43
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability27▼-19
Solvency41▼-4
Growth52=
Track record100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10k at 30 days only on tighter terms
Liquidity short (current ratio 0.42 against 0.44 in 2024; short-term debt: 39% and cash: 3.2% of total assets), and 83.7% 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
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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
16.3%
Return on assets
-5.3%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 11-01-2026, 20 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
20 d early
2024
24 d early
2023
26 d late
2022
8 d late
2021
14 d late
2020
9 d early
2019
4 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close22-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€248k▼ 24.5%
2024 · €329k
2019: €210k
2020: €245k
2021: €344k
2022: €347k
2023: €325k
2024: €329k
2019 → 2025
Total assets
€1.52M▼ 5.3%
2024 · €1.60M
2019: €1.41M
2020: €1.45M
2021: €1.57M
2022: €1.40M
2023: €1.73M
2024: €1.60M
2019 → 2025
Net result
€-80k
2024 · €4k
2019: €39k
2020: €34k
2021: €99k
2022: €3k
2023: €-22k
2024: €4k
2019 → 2025
Working capital
€-345k▼ 34.0%
2024 · €-258k
2019: €-290k
2020: €-333k
2021: €-184k
2022: €-212k
2023: €-232k
2024: €-258k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€344k-€347k▲ 0.8%€325k▼ 6.2%€329k▲ 1.1%€248k▼ 24.5%
Operating result€156k-€44k▼ 71.8%€13k▼ 70.0%€63k▲ 374%€-11k
Net result€99k-€3k▼ 97.4%€-22k€4k€-80k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €11k after €63k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.52M
Fixed assets
€1.27M▼ 9.3%
Current assets
€247k▲ 22.3%
Equity and liabilities €1.52M
Equity
€248k▼ 24.5%
Debt
€1.27M▼ 0.4%
The debt ratio rises from 79.5% to 83.7%. Equity and debt are lower.
Key figures and ratios
EBITDA
€118k▼
2024 · €198k
Cash flow
€49k▼
2024 · €139k
Solvency
16.3%▼
2024 · 20.5%
Current ratio
0.42▼
2024 · 0.44
Quick ratio
0.38▼
2024 · 0.39
Debt / equity
5.12▲
2024 · 3.88
ROE
-32.4%▼
2024 · 1.1%
ROA
-5.3%▼
2024 · 0.2%
Interest coverage
1.77▼
2024 · 3.29
Debt
€1.27M▼
2024 · €1.28M
Debt ≤ 1 year
€592k▲
2024 · €459k
Debt > 1 year
€677k▼
2024 · €811k
Income taxes
€8k▲
2024 · €4k
Staff costs
€724k▼
2024 · €742k
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€1.60M€1.52M▼
Fixed assets21/28€1.40M€1.27M▼
Tangible fixed assets22/27€1.40M€1.27M▼
Land and buildings22€1.31M€1.21M▼
Plant, machinery and equipment23€47k€34k▼
Furniture and vehicles24€39k€23k▼
Financial fixed assets28€3k€3k=
Current assets29/58€202k€247k▲
Amounts receivable after more than one year29€81k€149k▲
Other amounts receivable291€81k€149k▲
Stocks and contracts in progress3€20k€21k▲
Stocks30/36€20k€21k▲
Amounts receivable within one year40/41€38k€9k▼
Trade receivables40€18k€5k▼
Other amounts receivable41€20k€4k▼
Cash at bank and in hand54/58€54k€49k▼
Deferred charges and accrued income490/1€8k€19k▲
Equity and liabilities
Total equity and liabilities10/49€1.60M€1.52M▼
Equity10/15€329k€248k▼
Contributions10/11€278k€278k=
Reserves13€57k€57k=
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Tax-exempt reserves132€2k€2k=
Distributable reserves133€56k€56k=
Profit (loss) carried forward14€-6k€-87k▼
Amounts payable17/49€1.28M€1.27M▼
Amounts payable after more than one year17€811k€677k▼
Financial debts170/4€811k€677k▼
Amounts payable within one year42/48€459k€592k▲
Current portion of amounts payable after more than one year42€130k€134k▲
Financial debts43€109k€111k▲
Credit institutions430/8€109k€111k▲
Trade debts44€109k€143k▲
Suppliers440/4€109k€143k▲
Taxes, remuneration and social security45€111k€204k▲
Taxes450/3€24k€24k▼
Remuneration and social security454/9€87k€180k▲
Other amounts payable47/48€0-
Accrued charges and deferred income492/3€5k€1k▼
Income statement
Code20242025
Remuneration, social security and pensions62€742k€724k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€135k€129k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€3k
Other operating charges640/8€15k€8k▼
Non-recurring operating charges66A€0-
Gross operating margin9900€955k€854k▼
Operating profit (loss)9901€63k€-11k▼
Financial income75/76B€5k€5k▼
Recurring financial income75€5k€5k▼
Financial charges65/66B€60k€67k▲
Recurring financial charges65€60k€67k▲
Profit (loss) for the period before taxes9903€8k€-73k▼
Transfer from deferred taxes780€0-
Income taxes67/77€4k€8k▲
Profit (loss) for the period9904€4k€-80k▼
Transfer from tax-exempt reserves789€0-
Profit (loss) for the period to be appropriated9905€4k€-80k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-6k€-87k▼
Profit (loss) brought forward from the previous period14P€-10k€-6k▲
Transfer from equity791/2€0-
Social balance
Average headcount (FTE)908714.216.7▲
The notes to these accounts (24 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
11-01
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-06
Financial
Weakest financial yearnet €-80k ▼2312%
Net result drops to €-80k, the lowest in the series.
07-01
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-06
Financial
Back to profitnet €4k
Net result €4k after one loss-making year.
26-02
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 26 days late
2023
08-02
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 8 days late
2022
14-02
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 14 days late
2021
30-06
Financial
Highest result since 2019net €99k ▲190%
Operating result €156k, net result €99k, both a record.
22-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
04-02
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 4 days late
2019
28-01
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
03-01
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
14-01
NBB filing
Annual accounts filed
fiscal year 2016 · 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, Eeklo · 3 establishment units since 2008
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.
Oostveldstraat 339900 EekloGround area
1,687 m²
Building footprint
901 m²
Volume, LiDAR
4,022 m³
3 parcels, Flanders · tallest building 13.4 m, ±2 floors. Linked by address, not a title deed.
3 establishment units
PATISSERIE NICOLAS
since 20082.172.094.274
PATISSERIE NICOLAS
since 20082.172.094.571
Patisserie Nicolas
since 20142.237.558.386
3 parcels
Flanders
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 43005D0254/00T000 | Flanders | 717 m² | 1 · 557 m² | 11.8 m · 1 fl. |
| 43001H0020/00A002 | Flanders | 544 m² | 1 · 152 m² | 9.3 m · 1 fl. |
| 43502D0130/02E000 | Flanders | 426 m² | 1 · 192 m² | 13.4 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 2
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2024 · 3 entries · 709 EUR awarded · 925 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 353 EUR | 353 EUR |
| 2023 | 1 | 59 EUR | 275 EUR |
| 2022 | 1 | 297 EUR | 297 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Food safety, FASFC
3 sitesEeklo2.172.094.274
Maldegem2.172.094.571
Maldegem2.237.558.386
Dual-learning approval
3 live approvals · 2 endedBrood- en banketbakkerij duaal (so)
Medewerker (banket)bakkerij duaal (so)
Medewerker bakkerij (vwo)
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Of 4,227 companies in sector 10712 we hold annual accounts for 1,871. 1,470 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded09-07-2008
Fiscal year end30-06
Activities, NACEBEL
10712Artisanal bread and fresh pastry making
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
Sources
Crossroads Bank for EnterprisesNational Bank · 17 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryPhone:09/377.38.17