VANMULLEM/VINKE

Active

Private limited companyfounded 20215 yrs activeVlamingstraat 56, 8000 Brugge, BelgiumKBO/BCE: BE 0768.580.884

The computed 12-month bankruptcy probability of VANMULLEM/VINKE is 1.7% (moderate). The 2025 annual accounts show equity of €137k and a net result of €83k. Equity is growing by ~12.6% per year across the filed fiscal years. Its solvency ranks better than 53% of 794 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2025

78 / 100

Excellent▼ -5 vs 2024

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability100=

Solvency60▲+2

Growth78=

Stability94

Bankruptcy probability, 12 months

1.7% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €11k at 30 days acceptable

Liquidity tight (current ratio 1.21 against 1.23 in 2024), and 64.4% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

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 →

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

35.6%

Return on assets

21.7%

Age of the figures

8 mo

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-04-2026, 94 days ahead of the deadline.

NBB · 5 filings

Deviation from the deadline

2025

94 d early

2024

18 d late

2023

9 d early

2022

on the day

2021

27 d early

← before the deadline after the deadline →

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.

Companies Code · seven months

Position in the running window

15-09-2026 today31-12-2026 close31-07-2027 deadline

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

Financials · fiscal year 2025, abbreviated schema

Equity

€137k▼ 10.8%

2024 · €154k

2021: €51k 2022: €127k 2023: €221k 2024: €154k

2021 → 2025

Total assets

€385k▼ 16.6%

2024 · €461k

2021: €264k 2022: €393k 2023: €443k 2024: €461k

2021 → 2025

Net result

€83k▼ 26.1%

2024 · €113k

2021: €11k 2022: €76k 2023: €93k 2024: €113k

2021 → 2025

Working capital

€41k▼ 27.8%

2024 · €56k

2021: €8k 2022: €65k 2023: €150k 2024: €56k

2021 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Equity€51k-€127k▲ 148%€221k▲ 73.1%€154k▼ 30.4%€137k▼ 10.8%

Operating result€13k-€92k▲ 633%€118k▲ 28.3%€146k▲ 23.3%€110k▼ 24.6%

Net result€11k-€76k▲ 570%€93k▲ 22.5%€113k▲ 21.1%€83k▼ 26.1%

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

Result per fiscal year

Operating resultNet result

The operating result falls in 2025; 2025 is 25% below 2024.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €385k

37.9%

62.1%

Fixed assets €146k▼ 10.3%

Current assets €239k▼ 20.0%

Equity and liabilities €385k

35.6%

64.4%

Equity €137k▼ 10.8%

Debt €248k▼ 19.5%

The debt ratio falls from 66.7% to 64.4%: debt falls faster than equity shrinks.

Key figures and ratios

2025 value · change against 2024

EBITDA

€163k▼

2024 · €189k

Cash flow

€137k▼

2024 · €156k

Solvency

35.6%▲

2024 · 33.3%

Current ratio

1.21▼

2024 · 1.23

Quick ratio

1.08▼

2024 · 1.11

Debt / equity

1.81▼

2024 · 2.00

ROE

60.9%▼

2024 · 73.5%

ROA

21.7%▼

2024 · 24.5%

Interest coverage

43.42▼

2024 · 61.03

Debt

€248k▼

2024 · €308k

Debt ≤ 1 year

€198k▼

2024 · €242k

Debt > 1 year

€48k▼

2024 · €64k

Income taxes

€23k▼

2024 · €31k

Staff costs

€288k▲

2024 · €280k

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€461k€385k▼

Fixed assets21/28€163k€146k▼

Intangible fixed assets21€631€351▼

Tangible fixed assets22/27€162k€145k▼

Plant, machinery and equipment23€88k€73k▼

Furniture and vehicles24€21k€18k▼

Other tangible fixed assets26€53k€55k▲

Financial fixed assets28€160€160=

Current assets29/58€299k€239k▼

Stocks and contracts in progress3€29k€24k▼

Stocks30/36€29k€24k▼

Amounts receivable within one year40/41€5k€10k▲

Trade receivables40€3k€2k▼

Other amounts receivable41€2k€8k▲

Cash at bank and in hand54/58€256k€199k▼

Deferred charges and accrued income490/1€10k€6k▼

Equity and liabilities

Total equity and liabilities10/49€461k€385k▼

Equity10/15€154k€137k▼

Contributions10/11€40k€40k=

Reserves13€114k€97k▼

Distributable reserves133€114k€97k▼

Profit (loss) carried forward14€0€0=

Amounts payable17/49€308k€248k▼

Amounts payable after more than one year17€64k€48k▼

Financial debts170/4€64k€48k▼

Amounts payable within one year42/48€242k€198k▼

Current portion of amounts payable after more than one year42€31k€34k▲

Trade debts44€52k€26k▼

Suppliers440/4€52k€26k▼

Advances received on contracts in progress46€10k€1k▼

Taxes, remuneration and social security45€69k€72k▲

Taxes450/3€30k€24k▼

Remuneration and social security454/9€39k€48k▲

Other amounts payable47/48€80k€65k▼

Accrued charges and deferred income492/3€1k€2k▲

Income statement Code20242025

Remuneration, social security and pensions62€280k€288k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€43k€53k▲

Other operating charges640/8€3k€2k▼

Gross operating margin9900€471k€454k▼

Operating profit (loss)9901€146k€110k▼

Financial income75/76B€768€30▼

Recurring financial income75€768€30▼

Financial charges65/66B€3k€4k▲

Recurring financial charges65€3k€4k▲

Profit (loss) for the period before taxes9903€143k€106k▼

Income taxes67/77€31k€23k▼

Profit (loss) for the period9904€113k€83k▼

Profit (loss) for the period to be appropriated9905€113k€83k▼

Appropriation of the result

Profit (loss) to be appropriated9906€294k€83k▼

Profit (loss) brought forward from the previous period14P€181k€0▼

Transfer from equity791/2-€100k

Transfer to equity691/2€114k€83k▼

To other reserves6921€114k€83k▼

Profit to be distributed694/7€180k€100k▼

Return on contributions (dividend)694€180k€100k▼

Social balance

Average headcount (FTE)90876.85.7▼

The notes to these accounts (18 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 8Financial 3Filings 5

Next filing, fiscal year 2026, expected by 31-07-2027

2026

28-04

NBB filing Annual accounts filed

fiscal year 2025 · abbreviated schema

2025

18-08

NBB filing Annual accounts filed

fiscal year 2024 · abbreviated schema · 18 days late

2024

31-12

Financial Highest result since 2021net €113k ▲21.1%

Operating result €146k, net result €113k, both a record.

22-07

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

31-12

Financial Equity above €200kEq €221k ▲73.1%

3 profitable years in a row build equity to €221k.

31-07

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

2022

31-12

Financial Equity above €100kEq €127k ▲148%

2 profitable years in a row build equity to €127k.

04-07

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

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, Brugge · 1 establishment unit since 2021

establishment The establishment unit on the map

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.

Vlamingstraat 568000 Brugge

Ground area

105 m²

Building footprint

105 m²

Volume, LiDAR

1,338 m³

Parcel 31806F0624/00_000, Flanders · tallest building 17.6 m, ±4 floors. Linked by address, not a title deed.

1 establishment unit

VANMULLEM/VINKE

Vlamingstraat 56, 8000 BruggeArtisanal bread and fresh pastry making

since 20212.319.154.093

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
31806F0624/00_000	Flanders	105 m²	1 · 105 m²	17.6 m · 4 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.

Public money · subsidies and aid

Flemish government

2022 to 2025 · 5 entries · 23,723 EUR awarded · 23,723 EUR paid

Year	Entries	awarded	paid
2025	1	94 EUR	94 EUR
2024	2	6,503 EUR	6,503 EUR
2023	1	14,856 EUR	14,856 EUR
2022	1	2,270 EUR	2,270 EUR

Schemes

Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)

4 entries · 22,777 EUR · 22,777 EUR paid · Departement Werk en Sociale Economie

Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)

1 entry · 946 EUR · 946 EUR paid · Fonds voor Innoveren en Ondernemen

Recognitions · licences · registrations

Food safety, FASFC

1 site

Brugge2.319.154.093

3 permissions

Toelating · Bakkerij · since 01-08-2021

Toelating · Detailhandel · since 01-08-2021

Toelating · Eetgelegenheid · since 01-08-2021

Dual-learning approval

2 live approvals · 1 ended

Medewerker (banket)bakkerij duaal (so)

Goedgekeurd · 2021 to 2026

Medewerker bakkerij (vwo)

Goedgekeurd · 2021 to 2026

Similar companies · same sector, comparable size

Of 4,200 companies in sector 10712 we hold annual accounts for 1,851. 1,569 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded20-05-2021

Fiscal year end31-12

Activities, NACEBEL

10712Artisanal bread and fresh pastry making

47279Other retail sale of food

47299Retail trade

56210Event catering

Sources

Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers

Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.