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SMORBROD

Active
Private limited companyfounded 20251 yr activeIepenstraat 78, 9000 Gent, BelgiumKBO/BCE: BE 1022.440.178
Summary

The computed 12-month bankruptcy probability of SMORBROD is 2.0% (moderate). The 2025 annual accounts show negative equity (-€12,892) and a net result of -€15,892. Its solvency ranks better than 19% of 1570 sector peers (fiscal year 2025). The company has been active since 2025 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes
Profitability21
Solvency19
Growth-
Track record67
Bankruptcy probability, 12 months
2.0% Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.3; short-term debt: 69.8% and cash: 14.9% of total assets), and equity is negative.
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Signals

Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 1 year 0 10 y
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 →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
-5.9%
Return on assets
-7.3%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
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 29-07-2026, 2 days ahead of the deadline.
NBB · 1 filing
Deviation from the deadline
2025
2 d early
← before the deadline after the deadline →
Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

SMORBROD was incorporated on 16 April 2025 as a Private limited company.1 The company has filed annual accounts once, for fiscal year 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2025

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Financials · fiscal year 2025, micro schema

Equity
-€12,892
Total assets
€217,989
Net result
-€15,892
Working capital
-€106,278

Turnover and EBIT margin not published: the micro schema does not require them.

Balance-sheet composition
Assets €217,989
Fixed assets €172,042
Current assets €45,947
Key figures and ratios
2025 value
EBITDA
€3,922
Cash flow
€1,237
Solvency
-5.9%
Current ratio
0.30
Quick ratio
0.27
Debt to equity
-17.91
ROA
-7.3%
Interest coverage
1.35
Debt
€230,881
Debt ≤ 1 year
€152,224
Debt > 1 year
€78,657
Staff costs
€163,421

Peer companies

Historical observation

Of the 232 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 96% are still going.

  • Micro
  • under 2 years old
  • negative equity
  • a small loss
1.7% went bankrupt
1.7% 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 bankruptcy probability of 2.0% over twelve months; the group does not contradict it.

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%.

The companies in ten equal groups, from lowest to highest expected share.
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 232 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
Filed annual accounts As filed with the NBB · 2025 · 41 lines
Balance sheet Code2025
Assets
Total assets20/58€217,989
Fixed assets21/28€172,042
Intangible fixed assets21€805
Tangible fixed assets22/27€171,238
Plant, machinery and equipment23€130,322
Furniture and vehicles24€40,916
Current assets29/58€45,947
Stocks and contracts in progress3€5,000
Stocks30/36€5,000
Amounts receivable within one year40/41€4,878
Trade receivables40€4,878
Cash at bank and in hand54/58€32,533
Deferred charges and accrued income490/1€3,536
Equity and liabilities
Total equity and liabilities10/49€217,989
Equity10/15-€12,892
Contributions10/11€3,000
Profit (loss) carried forward14-€15,892
Amounts payable17/49€230,881
Amounts payable after more than one year17€78,657
Financial debts170/4€78,657
Amounts payable within one year42/48€152,224
Current portion of amounts payable after more than one year42€7,124
Trade debts44€7,223
Suppliers440/4€7,223
Taxes, remuneration and social security45€52,775
Taxes450/3€13,476
Remuneration and social security454/9€39,299
Other amounts payable47/48€85,102
Income statement Code2025
Remuneration, social security and pensions62€163,421
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€17,129
Other operating charges640/8€832
Gross operating margin9900€168,176
Operating profit (loss)9901-€13,207
Financial income75/76B€213
Recurring financial income75€213
Financial charges65/66B€2,899
Recurring financial charges65€2,899
Profit (loss) for the period before taxes9903-€15,892
Profit (loss) for the period9904-€15,892
Profit (loss) for the period to be appropriated9905-€15,892
Appropriation of the result
Profit (loss) to be appropriated9906-€15,892

The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Remuneration, social security and pensions62€163,421
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€17,129
Other operating charges640/8€832
Gross operating margin9900€168,176
Operating profit (loss)9901-€13,207
Financial income75/76B€213
Recurring financial income75€213
Financial charges65/66B€2,899
Recurring financial charges65€2,899
Profit (loss) for the period before taxes9903-€15,892
Profit (loss) for the period9904-€15,892
Profit (loss) for the period to be appropriated9905-€15,892
Line2025
Assets
Total assets20/58€217,989
Fixed assets21/28€172,042
Intangible fixed assets21€805
Tangible fixed assets22/27€171,238
Plant, machinery and equipment23€130,322
Furniture and vehicles24€40,916
Current assets29/58€45,947
Stocks and contracts in progress3€5,000
Stocks30/36€5,000
Amounts receivable within one year40/41€4,878
Trade receivables40€4,878
Cash at bank and in hand54/58€32,533
Deferred charges and accrued income490/1€3,536
Equity and liabilities
Total equity and liabilities10/49€217,989
Equity10/15-€12,892
Contributions10/11€3,000
Profit (loss) carried forward14-€15,892
Amounts payable17/49€230,881
Amounts payable after more than one year17€78,657
Financial debts170/4€78,657
Amounts payable within one year42/48€152,224
Current portion of amounts payable after more than one year42€7,124
Trade debts44€7,223
Suppliers440/4€7,223
Taxes, remuneration and social security45€52,775
Taxes450/3€13,476
Remuneration and social security454/9€39,299
Other amounts payable47/48€85,102
Line2025
Profit (loss) for the period9904-€15,892
+ Depreciation and write-downs630€17,129
Operating cash flow (approximation)€1,237

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2026
29-07
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
NBB filing
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, Gent · 1 establishment unit since 2025
seat establishment The establishment unit on the map
Ground area
358 m²
Building footprint
344 m²
Volume, LiDAR
3,068 m³
2 parcels, Flanders · tallest building 16.7 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Guldenspoorstraat 29, 9000 Gent
Artisanal bread and fresh pastry making
since 20252.372.946.137
2 parcels
Flanders 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
44804D2560/00Z006 Flanders 306 m² 1 · 306 m² 16.7 m · 3 fl.
44815F0845/00A000 Flanders 52 m² 1 · 38 m² 9.8 m · 2 fl.
Linked by address, not proof of ownership
Good to know
2 of 2 parcels 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 site
Gent2.372.946.137
1 permission
Toelating · Bakkerij · since 01-06-2025

Similar companies · same sector and region

This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 4,228 companies in sector 10712 we hold annual accounts for 1,874. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded16-04-2025
Fiscal year end31-12
Activities, NACEBEL 2025
10712Artisanal bread and fresh pastry making
47241Retail sale of bread and pastry (bakery outlets)
47242Retail sale of chocolate and confectionery
E-invoicing
Reachable via Peppol
Peppol ID 0208:1022440178
Also 9925:BE1022440178
Registered 09-09-2025

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.