SMILDE BAKERY

Active

Public limited companyfounded 1978active for 48 yearsKernenergiestraat 19, 2610 Antwerpen, Belgium324 active companies are registered at this addressKBO/BCE: BE 0418.412.369

Summary

SMILDE BAKERY has been active since 1978 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.2m and a net result of €168,140. Equity remains stable across the filed financial years (±1.5% per year). Its solvency ranks better than 63% of 9,760 sector peers (NACE 46, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Risk analysisFollow Report Compare

SMILDE BAKERYActiveChecked score 93/100

Risk analysis Report Compare

Activity

Wholesale of other food products

NACE 46389

1 site

Size

€2.1mtotal assets 2025

Staff: 4.9 FTE
Equity: €1.2m
Profit: €168,140

Financial health

93 Excellent Checked score 2025

Bankruptcy probabilitywithin 12 months: 0.1%

Structure

Parent: Koninkijke Smilde BV

Michel MartensDirector
KRUITER AlbertDaily manager

Auditor: KPMG Bedrijfsrevisoren2025 accounts 49 days early5 of 18 deeds summarised

Why 93raises risk1 change of registered office in 24 monthslowers riskFounded in 1978Size: 4.9 FTE, total assets €2.1mFigures for financial year 2025 (filed 17-06-2026)Show the evidence

Checked score

Score 2025

93 / 100

Excellent

Probability in this band: under 0.55%

Financially better than 62% of its sector peers (NACE 46, micro)

Every signal that counts is listed under Signals.

Financial strength · tick = 2024

Strong

Solvency 82+9

equity 56.7% of total assets

Liquidity 43=

short-term debt 43.1% · cash 11.2%

Profitability 79+17

return on assets 8.0%

Bankruptcy probability, 12 months

0.1% Very low

0%0.5%1.5%4%10%≥ 25%

About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.4% (26,883 companies, NACE 46, micro)

Last 24 months 11-2024: < 0.1%lowest value 12-2024: < 0.1%● unchanged vs 11-2024lowest value 01-2025: < 0.1%● unchanged vs 12-2024lowest value 02-2025: < 0.1%● unchanged vs 01-2025lowest value 03-2025: < 0.1%● unchanged vs 02-2025lowest value 04-2025: 0.1%▲ +0.1 percentage points vs 03-2025 05-2025: 0.1%● unchanged vs 04-2025 06-2025: 0.1%● unchanged vs 05-2025 07-2025: 0.1%● unchanged vs 06-2025 08-2025: 0.1%● unchanged vs 07-2025 09-2025: 0.1%● unchanged vs 08-2025 10-2025: 0.1%● unchanged vs 09-2025 11-2025: 0.1%● unchanged vs 10-2025 12-2025: 0.2%▲ +0.1 percentage points vs 11-2025 01-2026: 0.2%● unchanged vs 12-2025 02-2026: 0.2%● unchanged vs 01-2026 03-2026: 0.2%● unchanged vs 02-2026 04-2026: 0.2%● unchanged vs 03-2026 05-2026: 0.2%● unchanged vs 04-2026 06-2026: 0.3%▲ +0.1 percentage points vs 05-2026highest value 07-2026: 0.1%▼ -0.2 percentage points vs 06-2026 08-2026: 0.1%● unchanged vs 07-2026 09-2026: 0.1%● unchanged vs 08-2026 10-2026: 0.1%● unchanged vs 09-2026

Credit of up to €110,000 on 30-day terms is acceptable

Liquidity ample (current ratio 2.32, compared with 1.92 in 2024, above the usual 1.5; short-term debt: 43.1% and cash: 11.2% of total assets), and 43.3% 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 46, micro): better than 63% on solvency, 41% on liquidity, 70% on profitability and 72% on growth.

The bankruptcy probability was computed on 25-10-2026 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.

lowers riskraises riskneutral

1 change of registered office in 24 months

Belgian Official Gazette

Founded in 1978

Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.

KBO

Size: 4.9 FTE, total assets €2.1m

Companies of this size fail less often; how much that weighs depends on the rest of its profile.

NBB · annual accounts

Figures for financial year 2025 (filed 17-06-2026)

NBB · annual accounts

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 12-06-2026, 49 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

49 days early

2024

129 days early

2023

126 days early

2022

129 days early

2021

137 days early

2020

135 days early

2019

73 days early

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 111 days before the deadline; the sector median (NACE 46) for financial year 2024 is 3 days before the deadline, and 39% of those companies filed late.

Searched, nothing found (2)

Next filing not due yet

The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 24 March (4 of the last 5 filed years within 30 days of that day).

Companies Code · seven months

Where today falls in the filing period

26-10-2026 today31-12-2026 year end31-07-2027 deadline

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

12-06-2026 Annual accounts filedfinancial year 2025 · abbreviated…
22-05-2026 Resignation: FEMTINUS Rozema (director)Appointment: Michel Martens (director) ·…
25-11-2025 Registered officeRegistered-office move

Key points

Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View
Positive: 8 profitable years in a rowprofit 2025: €168,140 8 years View
Positive: Among the best 20% on net resultsector median €26,866 · 9,739 companies €168,140 View
Controlled by Koninkijke Smilde BV parent View
Board changedlatest change 05-03-2026 · 2 in office 1 joined · 1 left View
Active since 1978founded 21-06-1978 48 years View

By topic

Financials

Financial year: 2025
Total assets: €2.1m
Profit: €168,140
Solvency: 56.7%

Turnover▲ 15.2%

Net result

20182022

Go to Financials

Board & ownership

Board: 2 members
Parent: Koninkijke Smilde BV
Auditor: KPMG Bedrijfsrevisoren

Michel MartensDirector
KRUITER AlbertDaily manager

Go to Board & ownership

Timeline

Events: 54
Since: 1980
Next accounts: by 31-07-2027

24-03-2025Annual accounts filed
24-02-2025Permanent representatives: Brecht Buysschaert and Henk Vandorpe
04-06-2024Reappointment: KPMG Bedrijfsrevisoren (statutory auditor)

Go to Timeline

Company details

Sites: 1

Legal form: Public limited company
Activity: Wholesale of other food productsNACE 46389
Founded: 21-06-1978
Year ends: 31-12
Peppol: Reachable for e-invoices

Go to Company details

Articles of association

Provisions read: 32

See the provisions in the deeds

Go to Articles of association

Key facts about SMILDE BAKERY

What is the company number of SMILDE BAKERY?: 0418.412.369. In Belgium the VAT number is the company number with BE in front: BE 0418.412.369.
Where is SMILDE BAKERY based?: The registered office is at Kernenergiestraat 19, 2610 Antwerpen.Company details
What does SMILDE BAKERY do?: According to the KBO register, the main activity is wholesale of other food products (NACE 46389).
What is the legal form of SMILDE BAKERY?: Public limited company (NV).
When was SMILDE BAKERY founded?: On 21-06-1978.
Is SMILDE BAKERY still active?: Yes, SMILDE BAKERY is an active enterprise in the KBO register.
How many employees does SMILDE BAKERY have?: On average 4.9 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of SMILDE BAKERY?: €10.1m in financial year 2022, according to the filed annual accounts.
Is SMILDE BAKERY profitable?: In financial year 2025, SMILDE BAKERY made a profit of €168,140.
Where can I find the annual accounts of SMILDE BAKERY?: SMILDE BAKERY filed 47 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of SMILDE BAKERY due?: By 31-07-2027, for financial year 2026.Timeline