VANHERCK BAKKERIJ
ActiveThe computed 12-month bankruptcy probability of VANHERCK BAKKERIJ is 1.9% (moderate). The 2024 annual accounts show equity of €106k and a net result of €12k. Equity is growing by ~71.7% per year across the filed fiscal years. Its solvency ranks better than 42% of 26043 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
58
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability72▼-28
Solvency49▼-24
Growth78=
Track record100
Bankruptcy probability, 12 months
1.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days only on tighter terms
Liquidity ample (current ratio 2.23 against 3.58 in 2023; short-term debt: 11.3% and cash: 4.1% of total assets), but 76.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← 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 2024Solvency, return and age of the figures
Solvency
23.6%
Return on assets
2.6%
Age of the figures
21 mo
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 25-11-2025, 117 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
117 d late
2023
21 d late
2022
60 d late
2021
33 d early
2020
1 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€106k▲ 12.3%
2023 · €94k
2020: €15k
2021: €30k
2022: €34k
2023: €94k
2020 → 2024
Total assets
€449k▲ 129%
2023 · €197k
2020: €176k
2021: €157k
2022: €157k
2023: €197k
2020 → 2024
Net result
€12k▼ 81.0%
2023 · €61k
2020: €161
2021: €15k
2022: €4k
2023: €61k
2020 → 2024
Working capital
€63k▼ 17.3%
2023 · €76k
2020: €-32k
2021: €-1k
2022: €12k
2023: €76k
2020 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€15k-€30k▲ 96.6%€34k▲ 12.6%€94k▲ 182%€106k▲ 12.3%
Operating result€1k-€18k▲ 1,548%€7k▼ 60.8%€67k▲ 861%€18k▼ 72.8%
Net result€161-€15k▲ 8,979%€4k▼ 74.4%€61k▲ 1,525%€12k▼ 81.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 73% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €449k
Fixed assets
€336k▲ 266%
Current assets
€113k▲ 8.1%
Equity and liabilities €449k
Equity
€106k▲ 12.3%
Debt
€343k▲ 236%
The debt ratio rises from 52.0% to 76.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€92k▼
2023 · €118k
Cash flow
€86k▼
2023 · €112k
Solvency
23.6%▼
2023 · 48.0%
Current ratio
2.23▼
2023 · 3.58
Quick ratio
2.15▼
2023 · 3.48
Debt / equity
3.24▲
2023 · 1.08
ROE
10.9%▼
2023 · 64.5%
ROA
2.6%▼
2023 · 31.0%
Interest coverage
13.75▼
2023 · 23.79
Debt
€343k▲
2023 · €102k
Debt ≤ 1 year
€51k▲
2023 · €29k
Debt > 1 year
€292k▲
2023 · €72k
Staff costs
€59k▼
2023 · €70k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€197k€449k▲
Fixed assets21/28€92k€336k▲
Tangible fixed assets22/27€92k€336k▲
Land and buildings22-€256k
Plant, machinery and equipment23€87k€43k▼
Furniture and vehicles24€5k€37k▲
Current assets29/58€105k€113k▲
Stocks and contracts in progress3€3k€4k▲
Stocks30/36€3k€4k▲
Amounts receivable within one year40/41€18k€91k▲
Trade receivables40€16k€1k▼
Other amounts receivable41€2k€90k▲
Cash at bank and in hand54/58€84k€19k▼
Equity and liabilities
Total equity and liabilities10/49€197k€449k▲
Equity10/15€94k€106k▲
Contributions10/11€15k€15k=
Capital10€15k€15k=
Issued capital100€15k€15k=
Reserves13€79k€91k▲
Distributable reserves133€79k€91k▲
Amounts payable17/49€102k€343k▲
Amounts payable after more than one year17€72k€292k▲
Financial debts170/4€72k€292k▲
Amounts payable within one year42/48€29k€51k▲
Current portion of amounts payable after more than one year42€16k€824▼
Trade debts44€9k€29k▲
Suppliers440/4€9k€29k▲
Taxes, remuneration and social security45€5k€11k▲
Taxes450/3€654-
Remuneration and social security454/9€4k€11k▲
Other amounts payable47/48-€9k
Accrued charges and deferred income492/3€694-
Income statement
Code20232024
Non-recurring operating income76A€7k€35k▲
Remuneration, social security and pensions62€70k€59k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€51k€74k▲
Other operating charges640/8€2k€33k▲
Gross operating margin9900€190k€184k▼
Operating profit (loss)9901€67k€18k▼
Financial income75/76B€100€56▼
Recurring financial income75€100€56▼
Financial charges65/66B€5k€7k▲
Recurring financial charges65€5k€7k▲
Profit (loss) for the period before taxes9903€62k€12k▼
Income taxes67/77€1k-
Profit (loss) for the period9904€61k€12k▼
Profit (loss) for the period to be appropriated9905€61k€12k▼
Appropriation of the result
Profit (loss) to be appropriated9906€61k€12k▼
Transfer to equity691/2€61k€12k▼
To other reserves6921€61k€12k▼
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
25-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 117 days late
2024
31-12
Financial
Equity above €100kEq €106k ▲12.3%
5 profitable years in a row build equity to €106k.
21-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 21 days late
2023
31-12
Financial
Highest result since 2020net €61k ▲1525%
Operating result €67k, net result €61k, both a record.
31-12
Financial
Liquidity triplescurrent ratio 3.58
Current ratio from 1.18 to 3.58; short-term debt falls from €67k to €29k.
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 60 days late
2022
28-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Tienen · 1 establishment unit since 2020
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.
Sint-Gillisplein(KMT) 123300 TienenGround area
563 m²
Building footprint
294 m²
Volume, LiDAR
1,347 m³
Parcel 24057C0109/00P000, Flanders · tallest building 11.5 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
BAKKERIJ VERHARD
since 20202.303.479.784
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24057C0109/00P000 | Flanders | 563 m² | 1 · 294 m² | 11.5 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel 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 siteTienen2.303.479.784
Similar companies · same sector, comparable size
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EDELWEISS
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Bakkers Arne & Ruben
BE 0775.415.921
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PATISSERIE ARNOULD
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Of 2,407 companies in sector 47241 we hold annual accounts for 1,099. 909 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded02-06-2020
Fiscal year end31-12
Activities, NACEBEL
10712Artisanal bread and fresh pastry making
47241Retail sale of bread and pastry (bakery outlets)
Sources
Crossroads Bank for EnterprisesNational Bank · 5 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.