TARTINE & GOURMANDISE
ActiveTARTINE & GOURMANDISE has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €422k and a net result of €44k. Equity is growing by ~11% per year across the filed fiscal years. Its solvency ranks better than 46% of 643 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2025
63
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability73▼-10
Solvency61▲+4
Growth78=
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity tight (current ratio 1.04 against 1.01 in 2024; short-term debt: 26.1% and cash: 9.7% of total assets), and 63.7% 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 10
Relative position
BE, all sectors
reference
Sector 10
higher
← fewer bankruptcies
more bankruptcies →
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
36.3%
Return on assets
3.8%
Age of the figures
12 mo
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
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 01-04-2026, 29 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
29 d early
2024
36 d early
2023
36 d early
2022
17 d early
2021
2 d early
2020
3 d early
2019
2 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
22-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€44k▼ 67.8%
2024 · €137k
2018: €-3k
2019: €19k
2020: €12k
2021: €27k
2022: €-22k
2023: €48k
2024: €137k
2018 → 2025
Working capital
€14k▲ 621%
2024 · €2k
2018: €-97k
2019: €-78k
2020: €-78k
2021: €-47k
2022: €-122k
2023: €-10k
2024: €2k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€221k-€176k▼ 20.6%€250k▲ 42.4%€383k▲ 52.9%€422k▲ 10.3%
Operating result€29k-€-21k€42k€182k▲ 330%€77k▼ 57.5%
Net result€27k-€-22k€48k€137k▲ 186%€44k▼ 67.8%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 58% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.16M
Fixed assets
€847k▼ 7.5%
Current assets
€317k▲ 15.2%
Equity and liabilities €1.16M
Equity
€422k▲ 10.3%
Debt
€741k▼ 8.3%
The debt ratio falls from 67.9% to 63.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€210k▼
2024 · €320k
Cash flow
€176k▼
2024 · €275k
Solvency
36.3%▲
2024 · 32.1%
Current ratio
1.04▲
2024 · 1.01
Quick ratio
0.79▼
2024 · 0.80
Debt / equity
1.75▼
2024 · 2.11
ROE
10.4%▼
2024 · 35.8%
ROA
3.8%▼
2024 · 11.5%
Interest coverage
8.82▼
2024 · 12.66
Debt
€741k▼
2024 · €808k
Debt ≤ 1 year
€303k▲
2024 · €273k
Debt > 1 year
€428k▼
2024 · €533k
Income taxes
€22k▼
2024 · €30k
Staff costs
€852k▲
2024 · €637k
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€1.19M€1.16M▼
Fixed assets21/28€916k€847k▼
Intangible fixed assets21€610-
Tangible fixed assets22/27€909k€840k▼
Land and buildings22€544k€526k▼
Plant, machinery and equipment23€165k€157k▼
Furniture and vehicles24€66k€78k▲
Leasing and similar rights25€129k€76k▼
Other tangible fixed assets26€5k€3k▼
Financial fixed assets28€6k€6k=
Current assets29/58€275k€317k▲
Stocks and contracts in progress3€57k€78k▲
Stocks30/36€57k€78k▲
Amounts receivable within one year40/41€65k€102k▲
Trade receivables40€53k€61k▲
Other amounts receivable41€12k€41k▲
Cash at bank and in hand54/58€137k€113k▼
Deferred charges and accrued income490/1€15k€23k▲
Equity and liabilities
Total equity and liabilities10/49€1.19M€1.16M▼
Equity10/15€383k€422k▲
Contributions10/11€155k€155k=
Reserves13€192k€236k▲
Non-distributable reserves130/1€16k€16k=
Reserves not available under the articles1311€16k€16k=
Tax-exempt reserves132€440€440=
Distributable reserves133€175k€219k▲
Profit (loss) carried forward14€1k€1k▲
Investment grants15€35k€30k▼
Amounts payable17/49€808k€741k▼
Amounts payable after more than one year17€533k€428k▼
Financial debts170/4€533k€428k▼
Amounts payable within one year42/48€273k€303k▲
Current portion of amounts payable after more than one year42€110k€111k▲
Trade debts44€29k€50k▲
Suppliers440/4€29k€50k▲
Advances received on contracts in progress46€78-
Taxes, remuneration and social security45€134k€143k▲
Taxes450/3€3k€5k▲
Remuneration and social security454/9€131k€138k▲
Accrued charges and deferred income492/3€2k€9k▲
Income statement
Code20242025
Remuneration, social security and pensions62€637k€852k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€138k€132k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€700
Other operating charges640/8€13k€10k▼
Gross operating margin9900€969k€1.07M▲
Operating profit (loss)9901€182k€77k▼
Financial income75/76B€10k€13k▲
Recurring financial income75€10k€13k▲
Financial charges65/66B€25k€24k▼
Recurring financial charges65€25k€24k▼
Profit (loss) for the period before taxes9903€167k€66k▼
Income taxes67/77€30k€22k▼
Profit (loss) for the period9904€137k€44k▼
Profit (loss) for the period to be appropriated9905€137k€44k▼
Appropriation of the result
Profit (loss) to be appropriated9906€138k€45k▼
Profit (loss) brought forward from the previous period14P€812€1k▲
Transfer to equity691/2€137k€44k▼
To the legal reserve6920€137k-
To other reserves6921-€44k
Social balance
Average headcount (FTE)908715.818.5▲
The notes to these accounts (16 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
01-04
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
25-03
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
30-09
Financial
Highest result since 2018net €137k ▲186%
Operating result €182k, net result €137k, both a record.
25-03
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
30-09
Financial
Back to profitnet €48k
Net result €48k after one loss-making year.
30-09
Financial
Equity above €200kEq €250k ▲42.4%
Equity rises from €176k to €250k.
13-04
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
30-09
Financial
Weakest financial yearnet €-22k ▼182%
Net result drops to €-22k, the lowest in the series; recovery starts the following year.
28-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Equity above €200kEq €221k ▲11.6%
3 profitable years in a row build equity to €221k.
27-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
28-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-09
Financial
Back to profitnet €19k
Net result €19k after one loss-making year.
26-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
20-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
28-03
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Héron · 3 establishment units since 2012
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.
Place Communale 54218 HéronGround area
2,314 m²
Building footprint
187 m²
Volume, LiDAR
868 m³
3 parcels, Wallonia · tallest building 7.4 m, ±2 floors. Linked by address, not a title deed.
3 establishment units
TARTINE & GOURMANDISE
since 20122.215.651.333
Tartine et Gourmandise
since 20192.291.957.669
Tartine & Gourmandise
since 20232.348.483.331
3 parcels
Wallonia
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92064A0213/00P000 | Wallonia | 1,181 m² | - | - |
| 61015C0456/00L000 | Wallonia | 997 m² | 1 · 128 m² | 7.4 m · 2 fl. |
| 92003H0491/00S003 | Wallonia | 136 m² | 1 · 59 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 2
3 of 3 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
3 sitesAndenne2.291.957.669
Fernelmont2.348.483.331
Héron2.215.651.333
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Of 4,227 companies in sector 10712 we hold annual accounts for 1,871. 1,288 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded18-12-2012
Fiscal year end30-09
Activities, NACEBEL
10712Artisanal bread and fresh pastry making
Sources
Crossroads Bank for EnterprisesNational Bank · 13 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:sprltartine@hotmail.com
Phone:085/240718