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Generated 23-07-2026
Active BE 0771.916.892Private limited company

TJOVAN

Brakelsesteenweg 460 ·9400 Ninove, Belgium· 4 yrs active
Sector: Food manufacturing (10711)
Conclusion Checked

The computed 12-month bankruptcy probability of TJOVAN is 5.8% (elevated). The 2024 annual accounts show equity of €390k and a net result of €231k. Equity is growing by ~56.9% per year across the filed fiscal years. Its solvency ranks better than 42% of 111 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 3 annual accounts.
Key figures
Equity €390k
Net result €231k
Staff (FTE) 20
Better than sector 42%
Snowflake analysis 5 axes · computed by Checked
Health71Profitability100Solvency28Growth78Stability94
74 / 100

Strong profile, led by profitability.

Health 71
Profitability 100
Solvency 28
Growth 78
Stability 94
Bankruptcy probability (12 mo) Checked model v1 · free
5.8% Elevated
0%0,5%1,5%4%10%≥25%
Multiple establishment units +Young company +Higher-failure-rate sector +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based
0 / 100
Low risk
Trust signals 3 signals
More than 3 years active
Founded in 2021, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad.
Administratively compliant
No FOD Economie strikeouts (UBO, accounts, address, activity).
Administrative Flags 0 events
No administrative flags
Health barometer FY 2024 · computed
71 / 100 Healthy
050100

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.
Financial overview3 NBB filings
Annual accounts filed on 30-07-2025 with the NBB · fiscal year 2024 · verkort
€0€100k€200k€300kOperating result 2022: €180k€180kNet result 2022: €147k€147kOperating result 2023: €79k€79kNet result 2023: €36k€36kOperating result 2024: €342k€342kNet result 2024: €231k€231k202220232024
Operating resultNet result
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing Equity: growth of ~56.9%/year over 3 fiscal years, indicative, assuming unchanged policy.
€0€200k€400k€600k€800k2025: €503k (€472k - €534k)2026: €617k (€585k - €648k)2027: €730k (€699k - €761k)2022: €163k2023: €199k2024: €390k202220232024202520262027
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison
Fiscal year 2024 · NACE 10, Food manufacturing · compared within the same schema type (abbreviated schema)
Metric This company Sector median Position in the sector
Solvency 19.3% 24.9%
better than 42% of 111 sector peers
Net result €231k €49k
better than 90% of 111 sector peers
Equity €390k €149k
better than 78% of 111 sector peers
Gross operating margin €1.70M €370k
better than 90% of 111 sector peers
Staff costs €1.11M €277k
higher than 86% of 91 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
EBITDA
€575k
+108.7% +65% vs sector
Net profit
€231k
+538.9% +22% vs sector
Cash flow
€464k
+99.7% +71% vs sector
Total assets
€2.03M
+37.6% +23% vs sector
Equity
€390k
+95.7% -8% vs sector
Working capital
€112k
+30.0% far above sector median
Employees (FTE)
20
-1.0% +39% vs sector
Staff costs
€1.11M
+6.4% +69% vs sector
Income taxes
€46k
+630.7% -34% vs sector
Debt
€1.64M
+28.4% +34% vs sector
Debt ≤ 1y
€649k
+7.6% +2% vs sector
Debt > 1y
€976k
+47.8% far above sector median
Current ratio
1.17
+2.6% +16% vs sector
Quick ratio
0.82
-5.2% -13% vs sector
Solvency
19.3%
+42.3% -25% vs sector
Debt / equity
4.19
-34.4% +46% vs sector
ROE
59.2%
+226.4% +31% vs sector
ROA
11.4%
+364.5% -1% vs sector
Interest coverage
8.61
+20.0% -74% vs sector
Figures by fiscal year
Fiscal year2024
Revenue-
EBITDA€575k
Net profit€231k
Cash flow€464k
Staff costs€1.11M
Income taxes€46k
Dividends-
Total assets€2.03M
Equity€390k
Debt€1.64M
of which ≤ 1y€649k
of which > 1y€976k
Working capital€112k
Employees (FTE)20.0
Ratios (computed)
2024
Current ratio1.17
Quick ratio0.82
Working capital ratio5.5%
Solvency19.3%
Debt / equity4.19
Long-term debt ratio2.50
Interest coverage8.61
Gross margin-
Net margin-
ROA11.4%
ROE59.2%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2024
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2024
Balance sheet, Assets
TOTAL ASSETS 20/58€2.03M
Fixed assets 21/28€1.26M
Formation expenses 20€4k
Intangible fixed assets 21€2k
Tangible fixed assets 22/27€1.25M
Financial fixed assets 28€9k
Current assets 29/58€761k
Stocks & contracts in progress 3€227k
Amounts receivable within one year 40/41€162k
Cash & bank 54/58€319k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€2.03M
Equity 10/15€390k
Contributions / capital 10/11€16k
Reserves 13€373k
Accumulated profits (losses) 14€0
Amounts payable 17/49€1.64M
Amounts payable after one year 17€976k
Amounts payable within one year 42/48€649k
Trade debts payable within one year 44€109k
Income statement
Gross operating margin 9900€1.70M
Operating result 9901€342k
Financial income 75€757
Financial charges 65€67k
Result before taxes 9903€276k
Income taxes 67/77€46k
Net result for the period 9904€231k
Result to be appropriated 9905€231k
You're seeing the latest fiscal year only. Unlock 2 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.
Legal Structure
NACE primary Food manufacturing(10711)
Legal form Private limited company(610)
Incorporation02-08-2021
StatusActive
Postal code9400
Establishment units 8 locations
BAKKERIJ FRANCOIS
Brakelsesteenweg 460, 9400 NinoveIndustriële vervaardiging van brood en van vers banketbakkerswerk
since 20212.320.493.782
BAKKERIJ FRANCOIS
Nijverheidsstraat 4, 9420 Erpe-MereIndustriële vervaardiging van brood en van vers banketbakkerswerk
since 20212.324.603.614
BAKKERIJ FRANCOIS
Kerkskendorp(KE) 10, 9451 HaaltertIndustriële vervaardiging van brood en van vers banketbakkerswerk
since 20212.324.603.713
BAKKERIJ FRANCOIS
Edingsesteenweg 317, 9400 NinoveIndustriële vervaardiging van brood en van vers banketbakkerswerk
since 20212.324.603.812
BAKKERIJ FRANCOIS
Brusselstraat 30, 1740 TernatDetailhandel in brood en banketbakkerswerk (koude bakkers)
since 20232.337.833.622
bakkerij francois
Kasteelstraat 3, 9470 DenderleeuwDetailhandel in brood en banketbakkerswerk (koude bakkers)
since 20242.352.565.645
Bakkerij Francois
Brugstraat 36, 9500 GeraardsbergenDetailhandel in brood en banketbakkerswerk (koude bakkers)
since 20252.373.031.358
Bakkerij Francois
Markt 20, 9620 ZottegemDetailhandel in brood en banketbakkerswerk (koude bakkers)
since 20262.382.949.510
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 8 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
41003A0325/00K000 Flanders 3,484 m² 1 · 1,366 m² -
41040B0233/00G000 Flanders 637 m² 1 · 349 m² 11.0 m · 2 fl.
41033B0447/00N000 Flanders 625 m² 1 · 209 m² 10.5 m · 1 fl.
41012C0369/00Z000 Flanders 579 m² 1 · 251 m² 9.6 m · 2 fl.
41011A1693/00G000 Flanders 236 m² 1 · 147 m² 11.7 m · 2 fl.
23086E0329/00Y002 Flanders 184 m² 1 · 184 m² -
41081A0312/00B000
ProtectedTownscape or village viewStadskern ZottegemSource ↗
 Flanders 110 m² 1 · 110 m² 11.5 m · 3 fl.
41018B0154/00A000 Flanders 50 m² 1 · 50 m² 16.7 m · 4 fl.
Methodology
via registered seat: 1 · via establishment units: 7
8 of 8 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Updates 4 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2025
30-07-2025
NBB filing Annual accounts filed
fiscal year 2024 · verkort
2024
31-07-2024
NBB filing Annual accounts filed
fiscal year 2023 · verkort
2023
12-07-2023
NBB filing Annual accounts filed
fiscal year 2022 · verkort
2021
22-12-2021
State Gazette act Capital & shares
Belgisch Staatsblad, acts 1 acts
Capital history · 1
22-12-2021
Capital change
All acts · 1 updated 4 years ago
2021
22-12-2021 All shares are now held by a single shareholder Capital & shares
Technical details 
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  "events": [
    {
      "kind": "eenhoofdigheid_declaration",
      "after_eur": null,
      "delta_eur": null,
      "before_eur": null,
      "decrease_purpose": null,
      "contribution_type": null,
      "paid_up_delta_eur": null,
      "n_shares_destroyed": null,
      "not_yet_called_eur": null,
      "merger_new_shares_n": null,
      "merger_exchange_ratio": null,
      "distribution_amount_eur": null,
      "statutory_unavailable_equity_op": null
    }
  ],
  "notary": {
    "name": null,
    "firm_city": null,
    "firm_name": null,
    "office_city": "Ninove",
    "is_associated": false
  },
  "act_meta": {
    "language": "nl",
    "pub_date": "2021-12-22",
    "filing_date": "2021-12-14",
    "act_kind_objet": "Onderwerp akte:"
  },
  "decision": {
    "body": "buitengewone_algemene_vergadering",
    "act_date": "2021-11-29",
    "unanimous": null,
    "under_authorized_capital": false,
    "underlying_resolution_date": null
  },
  "bedrijfsrevisor": {
    "waived": false,
    "firm_kbo": null,
    "firm_name": "Mazars Bedrijfsrevisoren",
    "ibr_number": null,
    "mission_type": "apport_nature",
    "individual_name": "Alain De Quick"
  },
  "subject_company": {
    "kbo": "0771.916.892",
    "name_full": "TJOVAN",
    "legal_form": "BESLOTEN VENNOOTSCHAP",
    "is_foreign_registered": false
  },
  "publication_proxy": {
    "kind": "org",
    "org_kbo": "0420.048.305",
    "org_name": "A. SCHETS \u0026 PARTNERS - BELASTINGCONSULENTEN - ACCOUNTANTS",
    "person_name": "Yves Van Obbergen",
    "org_rep_person_name": "Yves Van Obbergen",
    "person_role_at_subject": null
  },
  "co_filed_documents": [],
  "shareholders_after": [],
  "share_classes_after": []
}
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Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
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Company registry (CBE) Crossroads Bank
Activities
Industriële vervaardiging van brood en van vers banketbakkerswerk10711Industriële vervaardiging van brood en van vers banketbakkerswerk10711Ambachtelijke vervaardiging van brood en van vers banketbakkerswerk10712Ambachtelijke vervaardiging van brood en van vers banketbakkerswerk10712
Primary activity highlighted.
Names & trade names
Legal nameNL TJOVAN
Registered office
Brakelsesteenweg 460
9400 Ninove, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
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Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative