SAIMOUR
ActiveSAIMOUR has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €21k and a net result of €26k. Equity is shrinking by ~18.5% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 72% of 18024 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
100
/ 100
Excellent▲ +37 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+46
Solvency99▲+62
Growth58=
Stability100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity ample (current ratio 2.37 against 1.11 in 2024), and 39.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight 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 47
Relative position
BE, all sectors
reference
Sector 47
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
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
60.4%
Return on assets
75.4%
Age of the figures
9 mo
lowers risk · Growing equity
Equity grew over 2023-2025. Profits are largely retained rather than distributed.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €21k
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 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
15 d early
2023
on the day
2022
31 d late
2021
3 d early
2020
1 d early
2019
7 d late
← before the deadline
after the deadline →
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
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€21k▲ 343%
2024 · €5k
2018: €30k
2019: €30k
2020: €23k
2021: €21k
2022: €1k
2023: €4k
2024: €5k
2018 → 2025
Total assets
€35k▲ 75.8%
2024 · €20k
2018: €38k
2019: €48k
2020: €37k
2021: €38k
2022: €19k
2023: €16k
2024: €20k
2018 → 2025
Net result
€26k▲ 5,030%
2024 · €513
2018: €-4k
2019: €460
2020: €-8k
2021: €-2k
2022: €-20k
2023: €3k
2024: €513
2018 → 2025
Working capital
€19k▲ 1,074%
2024 · €2k
2018: €24k
2019: €26k
2020: €20k
2021: €20k
2022: €-266
2023: €113
2024: €2k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€21k-€1k▼ 94.6%€4k▲ 267%€5k▲ 12.1%€21k▲ 343%
Operating result€-469-€-19k▼ 4,009%€4k€206▼ 94.5%€26k▲ 12,300%
Net result€-2k-€-20k▼ 1,221%€3k€513▼ 83.4%€26k▲ 5,030%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 12,300% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €35k
Fixed assets
€2k▼ 32.1%
Current assets
€33k▲ 96.2%
Equity and liabilities €35k
Equity
€21k▲ 343%
Debt
€14k▼ 8.4%
The debt ratio falls from 76.0% to 39.6%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€26k▲
2024 · €2k
Cash flow
€27k▲
2024 · €3k
Solvency
60.4%▲
2024 · 24.0%
Current ratio
2.37▲
2024 · 1.11
Quick ratio
2.32▲
2024 · 0.99
Debt / equity
0.66▼
2024 · 3.17
ROE
124.9%▲
2024 · 10.8%
ROA
75.4%▲
2024 · 2.6%
Interest coverage
118.03▲
2024 · 4.87
Debt
€14k▼
2024 · €15k
Debt ≤ 1 year
€14k▼
2024 · €15k
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€20k€35k▲
Fixed assets21/28€3k€2k▼
Tangible fixed assets22/27€3k€2k▼
Plant, machinery and equipment23€447€539▲
Furniture and vehicles24€2k€2k▼
Leasing and similar rights25€440-
Current assets29/58€17k€33k▲
Stocks and contracts in progress3€2k€678▼
Stocks30/36€2k€678▼
Amounts receivable within one year40/41€12k€31k▲
Trade receivables40€1k€1k▲
Other amounts receivable41€11k€29k▲
Cash at bank and in hand54/58€2k€1k▼
Equity and liabilities
Total equity and liabilities10/49€20k€35k▲
Equity10/15€5k€21k▲
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€-16k€618▲
Amounts payable17/49€15k€14k▼
Amounts payable within one year42/48€15k€14k▼
Current portion of amounts payable after more than one year42€534-
Trade debts44€1k€1k▲
Suppliers440/4€1k€1k▲
Taxes, remuneration and social security45€14k€2k▼
Taxes450/3€10k€2k▼
Remuneration and social security454/9€3k-
Other amounts payable47/48-€10k
Income statement
Code20242025
Remuneration, social security and pensions62€28k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€895▼
Other operating charges640/8€1k€1k▲
Non-recurring operating charges66A-€440
Gross operating margin9900€31k€28k▼
Operating profit (loss)9901€206€26k▲
Financial income75/76B€761€997▲
Recurring financial income75€761€997▲
Financial charges65/66B€454€224▼
Recurring financial charges65€454€224▼
Profit (loss) for the period before taxes9903€513€26k▲
Profit (loss) for the period9904€513€26k▲
Profit (loss) for the period to be appropriated9905€513€26k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-16k€11k▲
Profit (loss) brought forward from the previous period14P€-16k€-16k▲
Profit to be distributed694/7-€10k
Directors or managers695-€10k
The notes to these accounts (5 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
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €26k ▲5030%
Operating result €26k, net result €26k, both a record.
31-12
Financial
Liquidity doublescurrent ratio 2.37
Current ratio from 1.11 to 2.37; short-term debt falls from €15k to €14k.
16-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €3k
Net result €3k after 3 loss-making years.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Weakest financial yearnet €-20k
Net result drops to €-20k, the lowest in the series; recovery starts the following year.
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
07-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 7 days late
2019
31-12
Financial
Back to profitnet €460
Net result €460 after one loss-making year.
10-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
12-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro 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, Brussel · 1 establishment unit 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.
Fransmanstraat 681020 BrusselGround area
159 m²
Building footprint
96 m²
Volume, LiDAR
591 m³
Parcel 21816C0094/00N005, Brussels · tallest building 15.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
BOULANGERIE FRANSMAN
since 20082.172.956.881
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21816C0094/00N005 | Brussels | 159 m² | 1 · 96 m² | 15.3 m · 2 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteBrussel2.172.956.881
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VERODAN
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Of 2,380 companies in sector 47241 we hold annual accounts for 1,084. 834 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded22-07-2008
Fiscal year end31-12
Activities, NACEBEL
47241Retail sale of bread and pastry (bakery outlets)
Sources
Crossroads Bank for EnterprisesNational Bank · 17 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.