Public limited company · founded 1972 · 54 yrs activeElisabethlaan 143, 9400 Ninove, BelgiumKBO/BCE: BE 0412.382.632
Summary
LA LORRAINE BAKERY GROUP is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €140.7m and a net result of €38.4m. Equity is growing by ~4% per year across the filed fiscal years. Its solvency ranks better than 16% of 2444 sector peers (fiscal year 2025). The company has been active since 1972 and the Belgian State Gazette contains no insolvency or warning signals.
How financially healthy the company is, how likely a bankruptcy is and how much credit is sensible. Start here to know whether you can do business safely.
Outside the general model
Checked score
A figure from 0 to 100 for financial health from the latest annual accounts: the higher, the healthier. Without a figure, the card says why. A low score is a reason to look closely at payment terms and security.
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 72 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% 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 18 May (5 of the last 5 filed years within 30 days of that day).
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
History
History
The company's story in a few sentences, from the company register, the Belgian State Gazette and the filed annual accounts. Each number opens the document the sentence rests on.
LA LORRAINE BAKERY GROUP was incorporated on 10 April 1972.1Since 2013 the company has been called LA LORRAINE BAKERY GROUP.2Between 2015 and 2026 the capital was increased 3 times, most recently to EUR 65 million.345Since 2022, FAST FORWARD SERVICES has served as director of the company.6Total assets rose from EUR 399 million in 2018 to EUR 811 million in 2025 and headcount from 5 to 3.9 full-time equivalents.7
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
Net result-€11.5mbelow the sector's middle half€17.9mabove the sector's middle half€8.4mabove the sector's middle half▼ 53.2%€46.9mabove the sector's middle half▲ 459%€38.4mabove the sector's middle half▼ 18.2%
Equity€94.6mabove the sector's middle half▼ 19.1%€103.5mabove the sector's middle half▲ 9.4%€99.4mabove the sector's middle half▼ 4.0%€124.3mabove the sector's middle half▲ 25.1%€140.7mabove the sector's middle half▲ 13.2%
Total assets€448.5mabove the sector's middle half▲ 3.3%€577.7mabove the sector's middle half▲ 28.8%€613.0mabove the sector's middle half▲ 6.1%€749.5mabove the sector's middle half▲ 22.3%€810.8mabove the sector's middle half▲ 8.2%
Working capital€70.2mabove the sector's middle half▼ 39.3%€204.3mabove the sector's middle half▲ 191%€221.3mabove the sector's middle half▲ 8.3%€305.9mabove the sector's middle half▲ 38.2%€344.6mabove the sector's middle half▲ 12.7%
Solvency21.1%below the sector's middle half▼ 5.8pp17.9%below the sector's middle half▼ 3.2pp16.2%below the sector's middle half▼ 1.7pp16.6%below the sector's middle half▲ 0.4pp17.4%below the sector's middle half▲ 0.8pp
Current ratio4.16above the sector's middle half▼ 3.3210.25above the sector's middle half▲ 6.0910.10above the sector's middle half▼ 0.1510.06above the sector's middle half▼ 0.0411.35above the sector's middle half▲ 1.29
Return on assets (ROA)-2.6%below the sector's middle half▼ 9.2pp3.1%within the sector's middle half▲ 5.7pp1.4%within the sector's middle half▼ 1.7pp6.3%within the sector's middle half▲ 4.9pp4.7%within the sector's middle half▼ 1.5pp
Staff (FTE)3.9within the sector's middle half=3.9within the sector's middle half=3.9within the sector's middle half=3.9within the sector's middle half=3.9within the sector's middle half=
abovewithinbelowthe middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 4% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €810.6m
53.4%
46.6%
Fixed assets€432.7m ▲ 5.7%
Current assets€377.9m ▲ 11.3%
Equity and liabilities €810.8m
17.4%
82.6%
Equity€140.7m ▲ 13.2%
Debt€670.0m ▲ 7.2%
Debt's share of the balance-sheet total falls from 83.4% to 82.6%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
ROE
27.3%▼
2024 · 37.7%
Debt ≤ 1 year
€33.3m▼
2024 · €33.8m
Debt > 1 year
€622.0m▲
2024 · €575.5m
Income taxes
€2.9m▼
2024 · €4.9m
Staff costs
€268,002▼
2024 · €277,389
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accountsAs filed with the NBB · 2025 against 2024 · 85 lines
Balance sheetCode20242025
Assets
Total assets20/58€749.5m€810.8m▲
Formation expenses20€281,295€186,051▼
Fixed assets21/28€409.5m€432.7m▲
Intangible fixed assets21€292,286€26,566▼
Tangible fixed assets22/27€2.0m€1.7m▼
Land and buildings22€1.1m€960,550▼
Furniture and vehicles24€941,030€707,046▼
Financial fixed assets28€407.2m€431.0m▲
Affiliated companies280/1€407.2m€431.0m▲
Participating interests280€399.8m€431.0m▲
Amounts receivable281€7.4m-
Current assets29/58€339.7m€377.9m▲
Amounts receivable after more than one year29€13.0m€271.9m▲
Trade receivables290€60,023€60,023=
Other amounts receivable291€13.0m€271.9m▲
Amounts receivable within one year40/41€313.6m€103.2m▼
Trade receivables40€15.8m€11.9m▼
Other amounts receivable41€297.8m€91.3m▼
Current investments50/53€853,218-
Other investments51/53€853,218-
Cash at bank and in hand54/58€8.3m-
Deferred charges and accrued income490/1€3.8m€2.8m▼
Equity and liabilities
Total equity and liabilities10/49€749.5m€810.8m▲
Equity10/15€124.3m€140.7m▲
Contributions10/11€62.9m€62.9m=
Capital10€62.9m€62.9m=
Issued capital100€62.9m€62.9m=
Revaluation surpluses12€8.8m€8.8m=
Reserves13€46.2m€46.2m=
Non-distributable reserves130/1€30.2m€30.2m=
Legal reserve130€6.2m€6.2m=
Reserves not available under the articles1311€24.0m€24.0m=
Tax-exempt reserves132€289,830€289,830=
Distributable reserves133€15.7m€15.7m=
Profit (loss) carried forward14€6.5m€22.9m▲
Amounts payable17/49€625.1m€670.0m▲
Amounts payable after more than one year17€575.5m€622.0m▲
Financial debts170/4€575.5m€622.0m▲
Subordinated loans170€100.0m€100.0m=
Credit institutions173€275.5m€322.0m▲
Other loans174€200.0m€200.0m=
Amounts payable within one year42/48€33.8m€33.3m▼
Financial debts43-€32,811
Credit institutions430/8-€32,811
Trade debts44€4.2m€4.0m▼
Suppliers440/4€4.2m€4.0m▼
Taxes, remuneration and social security45€9.5m€9.7m▲
Taxes450/3€9.5m€9.7m▲
Remuneration and social security454/9€33,446€535▼
Other amounts payable47/48€20.1m€19.5m▼
Accrued charges and deferred income492/3€15.9m€14.8m▼
Income statementCode20242025
Operating income70/76A€28.9m€28.6m▼
Other operating income74€28.9m€28.6m▼
Operating charges60/66A€10.9m€10.0m▼
Goods for resale, raw materials and consumables60-€39,350
Change in stocks: decrease (increase)609-€39,350
Services and other goods61€9.5m€8.8m▼
Remuneration, social security and pensions62€277,389€268,002▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€728,134€723,393▼
Demerger, activa- en passivabestanddelen verbonden aan de juridische eigendom van de merken 'Panos', 'Deliway' en 'Coffeeclub'
Demerger, activa- en passivabestanddelen verbonden aan de juridische eigendom van de merken 'Antwerp Bakery', 'La Lorraine', 'Franz', 'Belgique' en 'Deneubourg' en bijhor…
Demerger, activa- en passivabestanddelen verbonden aan de juridische eigendom van het merk 'Panesco'
Demerger, activa- en passivabestanddelen verbonden aan de juridische eigendom van het merk 'Dauphine'
Accounting effect, 01/07/2011
Purpose change, het verwerven en beheren van onroerende goederen of zakelijke rechten daarop, in België of in het buitenland; het vormen en beheren van een roerend patrimonium…
Share issue · Capital increase · Statutes amendment4 facts ▸
General meeting, 30/05/2011
Share issue, Goedkeuring warrantenplan met bepaling van het aantal warrants, de aard en de looptijd, de uitoefenvoorwaarden en de uitoefenprocedure en de overige modaliteite…
Capital increase
Statutes amendment
17-01
State Gazette actMiscellaneous
Statutes amendment2 facts ▸
General meeting, 27/12/2010
Statutes amendment
2010
13-07
State Gazette actAppointments: BDO Atrio Bedrijfsrevisoren Burg. CVBA, The Marble bvba and 3 others
Permanent representative: Koen De Brabander · Reappointments: M&A cva (director) and BENC bvba (director)9 facts ▸
Director reappointment, Johan Vanherpe (managing director)
Director reappointment, Anthony Vanherpe (director)
Director reappointment, Karel Vanherpe (director)
Director appointment, BVBA GUIDO VANHERPE (director)
Permanent representative, Guido Vanherpe
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
35 of 37 acts read
About the unread acts
Of the 37 Belgian State Gazette acts we know for this company, 35 have been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.
Who runs the company and where it is based. It tells you who you are talking to and whether the address checks out.
Directors
Directors
Who runs the company today and since when, grouped the way the CBE groups its function holders. Many recent board changes are a reason to keep a close eye.
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
2 of this company's 37 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Location & real estate
Where the company is based and which parcels are linked to its addresses. An address shared by many companies is often a registered-office service.
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Mandate history
Mandate history
Who held which function and when, per person: one bar per period, from appointment to resignation or to today. An open left edge means the mandate began before the oldest act we hold.
De vennootschap heeft tot voorwerp: - het banket-, bakkers-, beschuit-, biscuit- en versnaperingenbedrijf, en in het algemeen alle voedingsartikelen, de fabricatie, handel, in- en…
Full purpose
De vennootschap heeft tot voorwerp: - het banket-, bakkers-, beschuit-, biscuit- en versnaperingenbedrijf, en in het algemeen alle voedingsartikelen, de fabricatie, handel, in- en uitvoer; - in België en in het buitenland voor haar eigen rekening of voor rekening van derden en/of tussenpersonen: (a) de productie van deegwaren en bakkerij- en banketartikelen; (b) de aan- en verkoop van deegwaren en aanverwante producten; en (c) het tot stand brengen en commercialiseren van technologische kennis, de dienstverlening en bijstand in verband met de kleinhandel in voedingswaren onder meer door middel van franchisingcontracten; - het verwerven en beheren van onroerende goederen of zakelijke rechten daarop, in België of in het buitenland; - het vormen en beheren van een roerend patrimonium bestaande uit lichamelijke of onlichamelijke roerende goederen; - het huren, verhuren, in erfpacht of gebruik nemen van onroerende en/of roerende goederen; - het deelnemen in vennootschappen, bedrijven of associaties door inbreng, participatie, voorschotten; - het toestaan van leningen, kredietopeningen, kasvoorschotten aan derden (gereglementeerde bankfuncties of spaarkasfuncties niet inbegrepen); - het waarnemen, bekleden, uitoefenen van opdrachten en functies van bestuur in vennootschappen of bedrijven, behorende tot de groep van handelsondernemingen; - het optreden als gevolmachtigde van derden; - het verlenen van borgstellingen in voordeel van derden. De vennootschap mag alle roerende of onroerende goederen, materialen en benodigdheden, verwerven, huren of verhuren, vervaardigen, overdragen of ruilen, en in het algemeen, alle commerciële, industriële of financiële handelingen verrichten, die rechtstreeks of onrechtstreeks in verband staan met haar maatschappelijk voorwerp, met inbegrip van onderaanneming in het algemeen, het in franchise geven en de uitbating van alle intellectuele rechten en industriële of commerciële eigendommen die er betrekking op hebben. Zij mag alle roerende en onroerende goederen als investering verwerven, zelfs als deze noch rechtstreeks of onrechtstreeks verband houden met het voorwerp van de vennootschap. De vennootschap is bevoegd zonder uitzondering alle handelingen te verrichten die daartoe noodzakelijk, nuttig of zelfs alleen maar bevorderlijk zijn. Zij zal zelfs mogen deelnemen aan de bedrijvigheden van andere vennootschappen met hetzelfde, een gelijkaardig of een verwant voorwerp, en dit door inbreng, fusie, opslorping, borgstelling of op gelijk welke andere wijze. Deze opsomming is niet beperkend. De vennootschap mag alle zaken verrichten die rechtstreeks of onrechtstreeks in verband staan met haar voorwerp.
Who owns the company and which companies it holds shares in, as the companies file it in their annual accounts. It shows which group it belongs to and who ultimately stands behind it.
38 holdings · 34 subsidiaries in the tree
Owners 0
The accounts to 31-12-2024 list no shareholders, and no other source names one.
Holdings 38
Boulangerie La Lorraine (Canada) Inc.(La Lorraine Bakery (Canada) Inc.CAsubsidiary
According to the 2024 annual accounts of LA LORRAINE BAKERY GROUP and those of the other companies, the acts in the Belgian Gazette and the LEI register.
The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
Connections & network
Which other companies are linked to this one through directors or shares. Look especially for linked companies in trouble.
20 connected companies
Depth
Shared directors
This companyCompanyDirectorShareholding+N: links not shown yetClick a node to look further, drag to arrange, scroll to zoom.
20-07-2016Capital increase of 4,395,972.33 EUR · to 56,792,015.44 EUR · 16,837 new shares · “uitoefenen van een gedeelte van de warranten”
20-07-2016Capital increase of 6,084,100.38 EUR · to 62,876,115.82 EUR · no new shares · “inlijving van de bijzondere onbeschikbare rekening uitgiftepremies”
10-06-2015Capital increase of 529,229.43 EUR · to 51,684,890.43 EUR · 2,027 new shares · “uitoefenen van een gedeelte van de warranten”
10-06-2015Capital increase of 711,152.68 EUR · to 52,396,043.11 EUR · “inlijving van de bijzondere onbeschikbare rekening uitgiftepremies”
Public money · subsidies and aid
Public money
Subsidies and aid the company received from government. It says something about its projects and the conditions attached.
Flemish government
Flemish government
Subsidies and aid from the Flemish government to this company. Public aid says something about projects and the obligations that come with it.
Of 24,729 companies in sector 64210 we hold annual accounts for 19,800. 1,485 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Company details
The company's official details: legal form, status, activities and founding date. Useful to draw up an invoice or contract correctly.
Identification
Legal formPublic limited company
Founded10-04-1972
Fiscal year end31-12
Abbreviation NLLLBG
Activities, NACEBEL 2025
64210Activities of holding companies
68201Renting and operating of own or leased residential real estate, excluding social housing
E-invoicing
Reachable via Peppol
Peppol ID0208:0412382632
Also9925:BE0412382632
Registered20-11-2020
If you follow this company, Checked tells you the day it leaves the Peppol register.
Scores and ratios are computed by Checked and are not a credit decision.
General meetings
General meetings
When the shareholders met. A meeting that is long overdue can point to late accounts.
1 convocation
Extraordinary general meeting
on 19-12-2017 at 11u · published 01-12-2017
Agenda
EN VOORSTELLEN TOT BESLUIT 1. Kennisname en bespreking van de hierna volgende verslagen waarvan de aandeelhouders kosteloos een afschrift konden verkrijgen : (a) Het bijzonder verslag opgesteld door de raad van bestuur in toepassing van artikel 559 van het Wetboek van Vennootschappen inzake de wijziging van het maatschappelijk doel van de Vennootschap, met daaraan gehecht een staat van activa en passiva per 30 september 2017. (b) Het verslag opgesteld door de commissaris in toepassing van artikel 559 van het Wetboek van Vennootschappen over de staat van activa en passiva per 30 september 2017. (c) Het bijzonder verslag opgesteld door de raad van bestuur in toepassing van artikel 560 van het ...
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