Financials
- Fiscal year
- 2025
- Total assets
- €17,016
- Profit
- €6,070
- Solvency
- 41.9%
Total assets▲ 3.6%
Net result
20192025
TANDEM
ActiveSummary
TANDEM has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €7,132 and a net result of €6,070. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 60% of 1700 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Overview
What they do
Artisanal bread and fresh pastry making
NACE 10712
How big
€17,016total assets 2025
- Equity
- €7,132
- Profit
- €6,070
Turnover not published (abridged schema)
Who decides
Accounts 85 d early0 of 3 deeds read
Why 69- Sector Manufacture of food products (NACE 10)- Size: total assets €17,016- No establishment unit in the KBO+ Liquidity: current ratio 1.71, cash €5,862Show the evidence
Checked score
Score 2025
69
/ 100
Healthy
Probability in this band: 0.55% to 1.5%
Better than 83% of its sector peers (NACE 10, micro)
Performance against the sector, not lower risk
Financial strength · tick = 2024
Strong
Solvency
67+36
equity 41.9% of total assets
Liquidity
71+8
short-term debt 45.7% · cash 34.4%
Profitability
100+42
return on assets 35.7%
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 3 months
08-2026: 1.0%highest value
09-2026: 1.0%▼ -4.6% vs 08-2026lowest value
10-2026: 1.0%● 0.0% vs 09-2026lowest value
- Sector Manufacture of food products (NACE 10) raises the probability
- Size: total assets €17,016 raises the probability for this profile
- Liquidity: current ratio 1.71, cash €5,862 lowers the probability
- No establishment unit in the KBO raises the probability
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 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% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 10, micro). Better than this share of them on solvency 60%, liquidity 76%, profitability 95%, growth against the median 99%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 02-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
192122232425
2019 to 2025 · latest year €7,132
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 07-05-2026, 85 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
85 d early
2024
163 d early
2023
7 d early
2022
16 d late
2021
31 d late
2019
98 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 18 days before the deadline; the sector median for financial year 2024 is 5 days before the deadline, and 38% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 25 July (4 of the last 5 filed years within 79 days of that day).
Companies Code · seven monthsPosition in the running window
02-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · micro…
- Back to profitnet €6,070
- Liquidity doublescurrent ratio 1.71
Key points
By topic
Timeline
- Events
- 10
- Since
- 2020
- Next accounts
- by 31-07-2027
- 07-05-2026Annual accounts filed
- 31-12-2025Back to profit
- 31-12-2025Liquidity doubles
Company details
- Legal form
- Private limited company (pre-2019)
- Activity
- Artisanal bread and fresh pastry makingNACE 10712
- Founded
- 16-04-2018
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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