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SECRETS DE FARINE

Active
Private limited companyfounded 2023active for 3 yearsChaussée de Dinant(WP) 998, 5100 Namur, BelgiumKBO/BCE: BE 1001.391.178
Summary

The computed 12-month bankruptcy probability of SECRETS DE FARINE is 6.2% (elevated). The 2024 annual accounts show equity of €9,936 and a net result of €4,936. Its solvency ranks better than 31% of 2,050 sector peers (NACE 10, financial year 2024). The company has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Activity
Artisanal bread and fresh pastry making
NACE 10712
1 site
Size
€110,836turnover 2024
Equity
€9,936
Profit
€4,936
Financial health
37 Weak Checked score 2024
Bankruptcy probabilitywithin 12 months
6.2%
Structure
  • FRÉDÉRICK Delphine Marie Isabelle GhislaineDirector
  • LAFONTAINE Géraldine Georges MichelleDirector
Accounts filed 55 days late
Why 37raises riskFounded in 20231 financial year not filed after the legal deadline; latest accounts 55 days late; 1 of the last 3 lateFigures for financial year 2024 (filed 24-09-2025)Size: turnover €110,836, total assets €86,230Show the evidence

Checked score

Score 2024
37 / 100
Weak
Probability in this band: 4.2% to 15.0%
Financially better than 47% of its sector peers (NACE 10, micro)
Financial strength
Average
Solvency 37
equity 11.5% of total assets
Liquidity 50
short-term debt 59.2% · cash 24.3%
Profitability 79
return on assets 5.7%
Bankruptcy probability, 12 months
6.2% Elevated
0%0.5%1.5%4%10%≥ 25%

About 6 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 1.1% (3,077 companies, NACE 10, micro)
Last 24 months 11-2024: 3.5%lowest value 12-2024: 3.5%● unchanged vs 11-2024lowest value 01-2025: 3.7%▲ +0.2 percentage points vs 12-2024 02-2025: 4.0%▲ +0.3 percentage points vs 01-2025 03-2025: 4.1%▲ +0.1 percentage points vs 02-2025 04-2025: 4.5%▲ +0.4 percentage points vs 03-2025 05-2025: 4.9%▲ +0.4 percentage points vs 04-2025 06-2025: 4.9%● unchanged vs 05-2025 07-2025: 4.8%▼ -0.1 percentage points vs 06-2025 08-2025: 4.7%▼ -0.1 percentage points vs 07-2025 09-2025: 5.1%▲ +0.4 percentage points vs 08-2025 10-2025: 4.4%▼ -0.7 percentage points vs 09-2025 11-2025: 4.4%● unchanged vs 10-2025 12-2025: 4.4%● unchanged vs 11-2025 01-2026: 4.5%▲ +0.1 percentage points vs 12-2025 02-2026: 4.5%● unchanged vs 01-2026 03-2026: 4.5%● unchanged vs 02-2026 04-2026: 4.6%▲ +0.1 percentage points vs 03-2026 05-2026: 4.6%● unchanged vs 04-2026 06-2026: 4.5%▼ -0.1 percentage points vs 05-2026 07-2026: 4.5%● unchanged vs 06-2026 08-2026: 5.2%▲ +0.7 percentage points vs 07-2026 09-2026: 5.6%▲ +0.4 percentage points vs 08-2026 10-2026: 6.2%▲ +0.6 percentage points vs 09-2026highest value
No publishable credit limit; credit only on tighter terms
Liquidity insufficient (current ratio 0.81, below 1; short-term debt: 59.2% and cash: 24.3% of total assets), and 88.5% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 10, micro): better than 29% on solvency, 46% on liquidity and 65% on profitability.

The bankruptcy probability was computed on 23-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.
raises riskneutral
raises risk · Founded in 2023
Companies of this age fail more often than older ones; how much that weighs depends on the rest of its profile.
KBO
raises risk · 1 financial year not filed after the legal deadline; latest accounts 55 days late; 1 of the last 3 late
NBB · filings
raises risk · Figures for financial year 2024 (filed 24-09-2025)
NBB · annual accounts
raises risk · Size: turnover €110,836, total assets €86,230
Companies of this size fail more often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 24-09-2025, 55 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 1 filing
Deviation from the deadline
2024
55 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its 2024 accounts 55 days after the deadline; the sector median (NACE 10) for financial year 2024 is 4 days before the deadline, and 38% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since incorporation in 2023.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2024 · micro…
  2. IncorporationAppointments: FRÉDÉRICK Delphine Marie Isabelle…

Key points

  • Board2 directors in office 2 View
  • Turnover 2024first financial year filed €110,836 View
  • Active since 2023founded 19-10-2023 3 years View

By topic

Financials

Financial year
2024
Turnover
€110,836
Profit
€4,936
Solvency
11.5%
Go to Financials

Board & ownership

Board
2 members
  • FRÉDÉRICK Delphine Marie Isabelle GhislaineDirector
  • LAFONTAINE Géraldine Georges MichelleDirector
Go to Board & ownership

Company details

Sites
1
Legal form
Private limited company
Activity
Artisanal bread and fresh pastry makingNACE 10712
Founded
19-10-2023
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
28
Purpose
“L'achat, la vente, l'importation, l'exportation et de manière générale le commerce de gros…” (deed in French)
Go to Articles of association

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