POPJA
ActiveSummary
The computed 12-month bankruptcy probability of POPJA is 2.1% (moderate). The 2025 annual accounts show equity of €43,919 and a net result of €9,295. Equity is growing by ~39.6% per year across the filed fiscal years. Its solvency ranks better than 58% of 1570 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability79▼-10
Solvency66▲+7
Growth52▼-26
Track record94
Bankruptcy probability, 12 months
2.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,000 at 30 days acceptable
Liquidity tight (current ratio 1.1 against 0.78 in 2024; short-term debt: 48% and cash: 46.8% of total assets), and 59.4% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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
40.6%
Return on assets
8.6%
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 27-05-2026, 65 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
65 d early
2024
99 d early
2023
19 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 61 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.
Companies Code · seven monthsPosition in the running window
27-09-2026 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 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 What other support did companies like this one receive, and it did not?Public money How does this company compare with its sector?Sector benchmark
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Financials · fiscal year 2025, micro schema
Equity
€43,919▲ 26.8%
2024 · €34,625
Total assets
€108,214▲ 7.4%
2024 · €100,716
Net result
€9,295▼ 48.6%
2024 · €18,100
Working capital
€5,077
2024 · -€10,296
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
Line202320242025
Operating result€22,245-€31,093▲ 39.8%€16,069▼ 48.3%
Net result€13,524within the sector's middle half-€18,100within the sector's middle half▲ 33.8%€9,295within the sector's middle half▼ 48.6%
Equity€16,524within the sector's middle half-€34,625within the sector's middle half▲ 110%€43,919within the sector's middle half▲ 26.8%
Total assets€91,309within the sector's middle half-€100,716within the sector's middle half▲ 10.3%€108,214within the sector's middle half▲ 7.4%
Debt€74,785-€66,091▼ 11.6%€64,294▼ 2.7%
Working capital-€6,097--€10,296▼ 68.9%€5,077
Solvency18.1%within the sector's middle half-34.4%within the sector's middle half▲ 16.3pp40.6%within the sector's middle half▲ 6.2pp
Staff (FTE)1.2-2.2▲ 83.3%2.1▼ 4.5%
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.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 48% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €108,214
Fixed assets
€51,186 ▼ 21.0%
Current assets
€57,028 ▲ 58.8%
Equity and liabilities €108,214
Equity
€43,919 ▲ 26.8%
Debt
€64,294 ▼ 2.7%
Debt's share of the balance-sheet total falls from 65.6% to 59.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€34,823▼
2024 · €48,154
Cash flow
€28,048▼
2024 · €35,161
Current ratio
1.10▲
2024 · 0.78
Debt to equity
1.46▼
2024 · 1.91
ROE
21.2%▼
2024 · 52.3%
ROA
8.6%▼
2024 · 18.0%
Interest coverage
6.46▲
2024 · 5.76
Debt ≤ 1 year
€51,951▲
2024 · €46,205
Debt > 1 year
€12,343▼
2024 · €19,887
Income taxes
€2,435▼
2024 · €4,670
Staff costs
€54,150▼
2024 · €55,335
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 39,275 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 2.1% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 39,275 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 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | €28,891 | €55,335 | €54,150 | ▼ 2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,638 | €17,061 | €18,754 | ▲ 9.9% |
| Other operating charges640/8 | €308 | €78 | €198 | ▲ 155% |
| Gross operating margin9900 | €61,083 | €103,567 | €89,171 | ▼ 13.9% |
| Operating profit (loss)9901 | €22,245 | €31,093 | €16,069 | ▼ 48.3% |
| Financial income75/76B | €0 | €42 | €1,051 | ▲ 2,428% |
| Recurring financial income75 | €0 | €42 | €1,051 | ▲ 2,428% |
| Financial charges65/66B | €3,538 | €8,364 | €5,390 | ▼ 35.6% |
| Recurring financial charges65 | €3,538 | €8,364 | €5,390 | ▼ 35.6% |
| Profit (loss) for the period before taxes9903 | €18,708 | €22,770 | €11,730 | ▼ 48.5% |
| Income taxes67/77 | €5,184 | €4,670 | €2,435 | ▼ 47.9% |
| Profit (loss) for the period9904 | €13,524 | €18,100 | €9,295 | ▼ 48.6% |
| Profit (loss) for the period to be appropriated9905 | €13,524 | €18,100 | €9,295 | ▼ 48.6% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €91,309 | €100,716 | €108,214 | ▲ 7.4% |
| Fixed assets21/28 | €50,362 | €64,807 | €51,186 | ▼ 21.0% |
| Intangible fixed assets21 | €16,787 | €12,787 | €8,787 | ▼ 31.3% |
| Tangible fixed assets22/27 | €33,574 | €52,019 | €42,398 | ▼ 18.5% |
| Plant, machinery and equipment23 | €33,574 | €25,574 | €20,872 | ▼ 18.4% |
| Furniture and vehicles24 | - | €26,445 | €21,527 | ▼ 18.6% |
| Current assets29/58 | €40,947 | €35,909 | €57,028 | ▲ 58.8% |
| Amounts receivable within one year40/41 | €8,879 | €2,723 | €6,390 | ▲ 135% |
| Trade receivables40 | €8,279 | €2,123 | €2,225 | ▲ 4.8% |
| Other amounts receivable41 | €600 | €600 | €4,165 | ▲ 594% |
| Cash at bank and in hand54/58 | €31,482 | €33,186 | €50,638 | ▲ 52.6% |
| Deferred charges and accrued income490/1 | €586 | €0 | - | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €91,309 | €100,716 | €108,214 | ▲ 7.4% |
| Equity10/15 | €16,524 | €34,625 | €43,919 | ▲ 26.8% |
| Contributions10/11 | €3,000 | €3,000 | €3,000 | = |
| Reserves13 | €13,524 | €31,625 | €40,919 | ▲ 29.4% |
| Distributable reserves133 | €13,524 | €31,625 | €40,919 | ▲ 29.4% |
| Amounts payable17/49 | €74,785 | €66,091 | €64,294 | ▼ 2.7% |
| Amounts payable after more than one year17 | €27,740 | €19,887 | €12,343 | ▼ 37.9% |
| Financial debts170/4 | €27,740 | €19,887 | €12,343 | ▼ 37.9% |
| Amounts payable within one year42/48 | €47,044 | €46,205 | €51,951 | ▲ 12.4% |
| Current portion of amounts payable after more than one year42 | €7,475 | €7,854 | €7,543 | ▼ 4.0% |
| Trade debts44 | €7,435 | €8,381 | €15,346 | ▲ 83.1% |
| Suppliers440/4 | €7,435 | €8,381 | €15,346 | ▲ 83.1% |
| Taxes, remuneration and social security45 | €9,667 | €10,543 | €11,070 | ▲ 5.0% |
| Taxes450/3 | €5,311 | €2,579 | €920 | ▼ 64.3% |
| Remuneration and social security454/9 | €4,357 | €7,964 | €10,149 | ▲ 27.4% |
| Other amounts payable47/48 | €22,467 | €19,427 | €17,993 | ▼ 7.4% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €13,524 | €18,100 | €9,295 | ▼ 48.6% |
| + Depreciation and write-downs630 | €9,638 | €17,061 | €18,754 | ▲ 9.9% |
| Operating cash flow (approximation) | €23,163 | €35,161 | €28,048 | ▼ 20.2% |
| Investment in fixed assets (approximation) | - | -€31,506 | -€5,133 | ▲ 83.7% |
| Change in cash | - | €1,704 | €17,452 | ▲ 924% |
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
27-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €9,295 ▼48.6%
Net result drops to €9,295, the lowest in the series.
23-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2023net €18,100 ▲33.8%
Operating result €31,093, net result €18,100, both a record.
12-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Hoogstraten · 1 establishment unit since 2023
Ground area
576 m²
Building footprint
161 m²
Volume, LiDAR
1,707 m³
Parcel 13014E0115/00H000, Flanders · tallest building 14.0 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
POPJA
since 20232.342.352.238
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13014E0115/00H000 | Flanders | 576 m² | 1 · 161 m² | 13.9 m · 4 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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Public money · subsidies and aid
Flemish government
2023 to 2024 · 2 entries · 176 EUR awarded · 176 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 0 EUR | 176 EUR |
| 2023 | 1 | 176 EUR | 0 EUR |
Recognitions · licences · registrations
Food safety, FASFC
1 site · 1 with a smileyHoogstraten2.342.352.238
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Of 514 companies in sector 10711 we hold annual accounts for 329. 201 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded07-03-2023
Fiscal year end31-12
Activities, NACEBEL 2025
10711Manufacture of food products
47241Retail sale of bread and pastry (bakery outlets)
10712Artisanal bread and fresh pastry making
E-invoicing
Reachable via Peppol
Peppol ID
0208:0799262875
Also
9925:BE0799262875
Registered
24-11-2023
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.