Bakkerij Chris · Checked.be

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of Bakkerij Chris is 1.8% (moderate). The 2025 annual accounts show equity of €1.56M and a net result of €80k. Equity is growing by ~45.4% per year across the filed fiscal years. Its solvency ranks better than 79% of 41 sector peers (fiscal year 2025). 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.

Signals

3 signals · with evidence

Strong solvency vs sector

Solvency is in the sector's strongest quartile: better than 79% of 41 peers (2025). A comfortable equity buffer.

View the sector comparison

Consistently profitable

Positive net result in the two most recent financial years (2024 and 2025).

View the result trend

Growing equity

Equity grew over 2023-2025. Profits are largely retained rather than distributed.

View the equity trend

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Filing behaviour

From the deposit records, complete market-wide

Filed after the deadline

The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 27-11-2025, 27 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.

The next deadline is still running

The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.

How we compute the deadline

The year end is derived from 3 filed financial years, each closing on 31-03. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-03-2025, that is 31-10-2025.

Deadline per financial year

Year closed	Due by	Filed	Variance	Reference
31-03-2025	31-10-2025	27-11-2025	27 d late	2025-00573101
31-03-2024	31-10-2024	26-11-2024	26 d late	2024-00604722
31-03-2023	31-10-2023	15-11-2023	15 d late	2023-00513028

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 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, and the KBO register records a normal legal situation.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

1.8% Moderate

0%0,5%1,5%4%10%≥25%

Young company +Higher-failure-rate sector +Annual accounts: healthy financial profile −

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

Financials

TurnoverNot published (abbreviated filing)

EBIT marginNot published (abbreviated filing)

Net result€80k-62.6%

Working capital€10k

CSV export

Annual accounts & ratios

Source: NBB · 2025

Annual accounts filed on 27-11-2025 with the NBB · fiscal year 2025 · verkort

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 ~45.4%/year over 3 fiscal years, indicative, assuming unchanged policy.

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 2025 · NACE 10, Food manufacturing · compared within the same schema type (abbreviated schema)

Metric	This company	Sector median	Position in the sector
Solvency	60.5%	31.6%	better than 79% of 41 sector peers
Net result	€80k	€59k	better than 55% of 40 sector peers
Equity	€1.56M	€231k	better than 90% of 41 sector peers
Gross operating margin	€1.01M	€394k	better than 79% of 40 sector peers
Staff costs	€714k	€176k	higher than 81% of 35 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

Sector position over time

Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).

Solvency P79

Improving position over 2023-2025 · n=41-110

Net result P55

Weakening position over 2023-2025 · n=40-110

Equity P90

Improving position over 2023-2025 · n=41-110

Gross operating margin P79

Improving position over 2023-2025 · n=40-110

Describes the position versus peers, not a forecast.

EBITDA

€287k

-35.8% 23-25

Net profit

€80k

-62.6% 23-25

Cash flow

€237k

-34.0% 23-25

Total assets

€2.58M

-1.2% 23-25

Equity

€1.56M

+5.4% 23-25

Working capital

€10k

- 23-25

Employees (FTE)

14

-2.7% 23-25

Staff costs

€714k

+11.1% 23-25

Show 11 other metrics

Income taxes

€33k

-50.9% 23-25

Debt

€1.02M

-9.8% 23-25

Debt ≤ 1y

€659k

-5.5% 23-25

Debt > 1y

€357k

-17.3% 23-25

Current ratio

1.01

+24.9% 23-25

Quick ratio

0.97

+22.5% 23-25

Solvency

60.5%

+6.6% 23-25

Debt / equity

0.65

-14.4% 23-25

ROE

5.1%

-64.5% 23-25

ROA

3.1%

-62.2% 23-25

Interest coverage

8.78

-45.1% 23-25

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2025
Deposit	verkort
Revenue	-
EBITDA	€287k
Net profit	€80k
Cash flow	€237k
Staff costs	€714k
Income taxes	€33k
Dividends	-
Total assets	€2.58M
Equity	€1.56M
Debt	€1.02M
of which ≤ 1y	€659k
of which > 1y	€357k
Working capital	€10k
Employees (FTE)	14.4

Ratios (computed)

	2025
Current ratio	1.01
Quick ratio	0.97
Working capital ratio	0.4%
Solvency	60.5%
Debt / equity	0.65
Long-term debt ratio	0.23
Interest coverage	8.78
Gross margin	-
Net margin	-
ROA	3.1%
ROE	5.1%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2025

Assets

Fixed assets €1.91M · 74.1% Current assets €668k · 25.9%

Equity & liabilities

Equity €1.56M · 60.5% Debt €1.02M · 39.5%

Full annual accounts (26 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2025
Balance sheet, Assets
TOTAL ASSETS	20/58	€2.58M
Fixed assets	21/28	€1.91M
Intangible fixed assets	21	€476k
Tangible fixed assets	22/27	€1.44M
Financial fixed assets	28	€0
Current assets	29/58	€668k
Stocks & contracts in progress	3	€28k
Amounts receivable within one year	40/41	€524k
Cash & bank	54/58	€116k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€2.58M
Equity	10/15	€1.56M
Contributions / capital	10/11	€1.06M
Reserves	13	€500k
Accumulated profits (losses)	14	€598
Amounts payable	17/49	€1.02M
Amounts payable after one year	17	€357k
Amounts payable within one year	42/48	€659k
Trade debts payable within one year	44	€148k
Income statement
Gross operating margin	9900	€1.01M
Operating result	9901	€130k
Financial income	75	€16k
Financial charges	65	€33k
Result before taxes	9903	€113k
Income taxes	67/77	€33k
Net result for the period	9904	€80k
Result to be appropriated	9905	€80k

This table shows the latest fiscal year. 2 prior years, with figures and ratios, belong to a paid plan. See plans →

Ratios computed by Checked.

Health barometer

FY 2025 · computed

76 / 100 Excellent

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.

Structure & network

Locations & real estate

Registered office

on the map · from the address register

exact location from the address register On OpenStreetMap

Establishment units

1 location

Bakkerij Chris

Stationsstraat 46, 9990 MaldegemIndustriële vervaardiging van bakkerijproducten hoofdzakelijk bestemd voor levering aan de detailhandel, horecabedrijven, enz: brood, gebakjes, taarten en ander vers of diepgevroren banketbakkerswerk

since 20212.322.638.175

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Parcels1

Ground area523 m²

Buildings1

Building footprint464 m²

Volume (LiDAR)3,122 m³

Tallest building12.5 m · ±2 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

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 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
43010G0259/00W000	Flanders	523 m²	1 · 464 m²	12.5 m · 2 fl.

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.

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgisch Staatsblad · acts

1 act

All acts · 1 updated 2 years ago

2024

05-04-2024 Publication in the Belgian Official Gazette, Miscellaneous Miscellaneous·Daphne Vandevelde

Summary: completedNotary: Daphne Vandevelde · Maldegem

Original publication ↗

Analysis

Financial profile

5 of 5 axes measured

65 / 100

Strong profile, led by stability.

All 5 axes are computed from data Checked has read.

Health 76

Profitability 26

Solvency 77

Growth 52

Stability 94

Credit advice

verdict per customer and amount

Similar

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We hold annual accounts for 468 of the 4,218 companies in this sector. 101 of them are within a factor 10 of this company's equity.

See full sector →

Company registry

Company registry (CBE)

Crossroads Bank

Activities

Ambachtelijke vervaardiging van brood en van vers banketbakkerswerk10712Industriële vervaardiging van brood en van vers banketbakkerswerk10711Vervaardiging van beschuit, biscuit en houdbaar banketbakkerswerk10720Detailhandel in brood en banketbakkerswerk (koude bakkers)47241Overige detailhandel in voedingsmiddelen, neg47279Overige detailhandel in voedingsmiddelen in gespecialiseerde winkels, n.e.g.47299Overige zakelijke dienstverlening, neg82990

Primary activity highlighted.

Names & trade names

Legal nameNL

Bakkerij Chris

Registered office

Stationsstraat 46

9990 Maldegem, Belgium

Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.