Sablé Breton Bakery
ActiveSummary
Sablé Breton Bakery has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €476k and a net result of €194k. Equity is growing by ~34.5% per year across the filed fiscal years. Its solvency ranks better than 59% of 800 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
72
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability90▼-1
Solvency66▼-4
Growth78=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity ample (current ratio 1.67 against 2.02 in 2024; short-term debt: 33.3% and cash: 22.6% of total assets), but 58.7% 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 · 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
41.3%
Return on assets
16.8%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 27-03-2026, 34 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
34 d early
2024
44 d early
2023
40 d early
2022
24 d early
2021
59 d early
2020
29 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€476k▼ 5.9%
2024 · €506k
2020: €76k
2021: €151k
2022: €171k
2023: €300k
2024: €506k
2020 → 2025
Total assets
€1.16M▲ 1.6%
2024 · €1.14M
2020: €239k
2021: €289k
2022: €471k
2023: €703k
2024: €1.14M
2020 → 2025
Net result
€194k▼ 5.9%
2024 · €207k
2020: €39k
2021: €75k
2022: €70k
2023: €128k
2024: €207k
2020 → 2025
Working capital
€258k▼ 3.3%
2024 · €267k
2020: €38k
2021: €79k
2022: €51k
2023: €101k
2024: €267k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€151k-€171k▲ 13.7%€300k▲ 74.9%€506k▲ 68.8%€476k▼ 5.9%
Operating result€104k-€84k▼ 19.0%€189k▲ 124%€309k▲ 64.1%€272k▼ 12.0%
Net result€75k-€70k▼ 6.9%€128k▲ 84.4%€207k▲ 60.7%€194k▼ 5.9%
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 2025; 2025 is 12% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.16M
Fixed assets
€513k ▼ 15.7%
Current assets
€642k ▲ 21.5%
Equity and liabilities €1.16M
Equity
€476k ▼ 5.9%
Debt
€679k ▲ 7.6%
Debt's share of the balance-sheet total rises from 55.5% to 58.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€426k▼
2024 · €440k
Cash flow
€348k▲
2024 · €337k
Current ratio
1.67▼
2024 · 2.02
Quick ratio
1.38▼
2024 · 1.39
Debt to equity
1.42▲
2024 · 1.24
ROE
40.8%=
2024 · 40.8%
ROA
16.8%▼
2024 · 18.2%
Interest coverage
21.94▼
2024 · 24.19
Debt ≤ 1 year
€384k▲
2024 · €262k
Debt > 1 year
€294k▼
2024 · €369k
Income taxes
€60k▼
2024 · €86k
Staff costs
€524k▲
2024 · €394k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 52 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.14M€1.16M▲
Fixed assets21/28€608k€513k▼
Intangible fixed assets21€0€0=
Tangible fixed assets22/27€602k€507k▼
Land and buildings22€159k€158k▼
Plant, machinery and equipment23€394k€304k▼
Furniture and vehicles24€50k€45k▼
Financial fixed assets28€6k€6k=
Current assets29/58€529k€642k▲
Stocks and contracts in progress3€166k€111k▼
Stocks30/36€166k€111k▼
Amounts receivable within one year40/41€204k€267k▲
Trade receivables40€195k€257k▲
Other amounts receivable41€9k€11k▲
Cash at bank and in hand54/58€157k€261k▲
Deferred charges and accrued income490/1€2k€3k▲
Equity and liabilities
Total equity and liabilities10/49€1.14M€1.16M▲
Equity10/15€506k€476k▼
Contributions10/11€3k€3k=
Reserves13€503k€473k▼
Distributable reserves133€503k€473k▼
Amounts payable17/49€630k€679k▲
Amounts payable after more than one year17€369k€294k▼
Financial debts170/4€369k€294k▼
Amounts payable within one year42/48€262k€384k▲
Current portion of amounts payable after more than one year42€73k€74k▲
Trade debts44€94k€76k▼
Suppliers440/4€94k€76k▼
Taxes, remuneration and social security45€91k€66k▼
Taxes450/3€62k€29k▼
Remuneration and social security454/9€29k€37k▲
Other amounts payable47/48€4k€168k▲
Income statement
Code20242025
Remuneration, social security and pensions62€394k€524k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€130k€154k▲
Other operating charges640/8€5k€6k▲
Gross operating margin9900€840k€956k▲
Operating profit (loss)9901€309k€272k▼
Financial income75/76B€883€1k▲
Recurring financial income75€883€1k▲
Financial charges65/66B€18k€19k▲
Recurring financial charges65€18k€19k▲
Profit (loss) for the period before taxes9903€292k€254k▼
Income taxes67/77€86k€60k▼
Profit (loss) for the period9904€207k€194k▼
Profit (loss) for the period to be appropriated9905€207k€194k▼
Appropriation of the result
Profit (loss) to be appropriated9906€207k€194k▼
Transfer from equity791/2-€30k
Transfer to equity691/2€207k-
To other reserves6921€207k-
Profit to be distributed694/7-€224k
Return on contributions (dividend)694-€224k
Social balance
Average headcount (FTE)90879.012.5▲
The notes to these accounts (11 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
27-03
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
17-03
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-09
Financial
Highest result since 2020net €207k ▲60.7%
Operating result €309k, net result €207k, both a record.
30-09
Financial
Equity above €500kEq €506k ▲68.8%
5 profitable years in a row build equity to €506k.
21-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Equity above €200kEq €300k ▲74.9%
4 profitable years in a row build equity to €300k.
06-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
02-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Equity above €150kEq €151k ▲98.4%
2 profitable years in a row build equity to €151k.
01-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Ingelmunster · 2 establishment units 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.
Bouwke 68770 IngelmunsterGround area
4,088 m²
Building footprint
1,583 m²
Volume, LiDAR
5,734 m³
2 parcels, Flanders · tallest building 6.5 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
Sablé Breton Bakery
since 20172.269.913.628
Sablé Breton Bakery
since 20242.358.873.516
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36007A0832/00N000 | Flanders | 2,903 m² | 1 · 1,164 m² | 6.5 m · 2 fl. |
| 36007B1726/00P000 | Flanders | 1,184 m² | 1 · 419 m² | 2.6 m |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 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 2025 · 4 entries · 2,443 EUR awarded · 2,443 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 1,535 EUR | 1,535 EUR |
| 2022 | 2 | 908 EUR | 908 EUR |
Schemes
Subsidies voor internationaal ondernemen
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Food safety, FASFC
2 sitesIngelmunster2.269.913.628
Ingelmunster2.358.873.516
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DIDESS
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Of 430 companies in sector 10720 we hold annual accounts for 139. 84 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded01-08-2017
Fiscal year end30-09
Activities, NACEBEL 2025
10711Manufacture of food products
10720Manufacture of food products
46360Wholesale trade
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.