BAKKERIJ HEIRMAN
ActiveBAKKERIJ HEIRMAN has been active since 1984 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €140k and a net result of €18k. Equity is shrinking by ~6.1% per year across the filed fiscal years. Its solvency ranks better than 57% of 1525 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
72
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability75▼-9
Solvency65▼-21
Growth58=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10k at 30 days acceptable
Liquidity tight (current ratio 1.26 against 1.21 in 2024; short-term debt: 20.5% and cash: 14.5% of total assets), and 60.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
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 10
Relative position
BE, all sectors
reference
Sector 10
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
39.5%
Return on assets
5%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €140k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 06-03-2026, 147 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
147 d early
2024
76 d early
2023
93 d early
2022
144 d early
2021
68 d early
2020
39 d early
2019
7 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€140k▲ 14.6%
2024 · €122k
2018: €184k
2019: €187k
2020: €212k
2021: €200k
2022: €88k
2023: €98k
2024: €122k
2018 → 2025
Total assets
€353k▲ 78.1%
2024 · €198k
2018: €229k
2019: €237k
2020: €259k
2021: €269k
2022: €174k
2023: €174k
2024: €198k
2018 → 2025
Net result
€18k▼ 24.4%
2024 · €23k
2018: €-216
2019: €3k
2020: €25k
2021: €-12k
2022: €-4k
2023: €10k
2024: €23k
2018 → 2025
Working capital
€19k▲ 31.6%
2024 · €15k
2018: €130k
2019: €141k
2020: €163k
2021: €102k
2022: €-21k
2023: €9k
2024: €15k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€200k-€88k▼ 56.0%€98k▲ 11.7%€122k▲ 23.8%€140k▲ 14.6%
Operating result€-11k-€-9k▲ 18.5%€8k€35k▲ 353%€23k▼ 33.3%
Net result€-12k-€-4k▲ 64.0%€10k€23k▲ 128%€18k▼ 24.4%
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 2025; 2025 is 33% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €353k
Fixed assets
€261k▲ 129%
Current assets
€92k▲ 9.1%
Equity and liabilities €353k
Equity
€140k▲ 14.6%
Debt
€214k▲ 179%
The debt ratio rises from 38.6% to 60.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€58k▼
2024 · €62k
Cash flow
€53k▲
2024 · €51k
Solvency
39.5%▼
2024 · 61.4%
Current ratio
1.26▲
2024 · 1.21
Quick ratio
1.00▼
2024 · 1.01
Debt / equity
1.53▲
2024 · 0.63
ROE
12.7%▼
2024 · 19.3%
ROA
5.0%▼
2024 · 11.8%
Interest coverage
17.41▼
2024 · 26.13
Debt
€214k▲
2024 · €77k
Debt ≤ 1 year
€73k▲
2024 · €70k
Debt > 1 year
€134k▲
2024 · €1k
Income taxes
€2k▼
2024 · €9k
Staff costs
€46k▲
2024 · €44k
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€198k€353k▲
Fixed assets21/28€114k€261k▲
Intangible fixed assets21-€3k
Tangible fixed assets22/27€102k€246k▲
Plant, machinery and equipment23€35k€60k▲
Furniture and vehicles24€20k€5k▼
Other tangible fixed assets26€46k€181k▲
Financial fixed assets28€12k€12k=
Current assets29/58€84k€92k▲
Stocks and contracts in progress3€14k€19k▲
Stocks30/36€14k€19k▲
Amounts receivable within one year40/41€18k€17k▼
Trade receivables40€7k€7k▼
Other amounts receivable41€11k€10k▼
Cash at bank and in hand54/58€41k€51k▲
Deferred charges and accrued income490/1€11k€4k▼
Equity and liabilities
Total equity and liabilities10/49€198k€353k▲
Equity10/15€122k€140k▲
Contributions10/11€20k€20k=
Reserves13€101k€119k▲
Tax-exempt reserves132€32k€32k=
Distributable reserves133€69k€87k▲
Profit (loss) carried forward14€721€722▲
Amounts payable17/49€77k€214k▲
Amounts payable after more than one year17€1k€134k▲
Financial debts170/4€1k€134k▲
Amounts payable within one year42/48€70k€73k▲
Current portion of amounts payable after more than one year42€6k€1k▼
Trade debts44€18k€29k▲
Suppliers440/4€18k€29k▲
Taxes, remuneration and social security45€17k€14k▼
Taxes450/3€4k€12▼
Remuneration and social security454/9€14k€14k▲
Other amounts payable47/48€28k€28k=
Accrued charges and deferred income492/3€6k€7k▲
Income statement
Code20242025
Non-recurring operating income76A€1k€0▼
Remuneration, social security and pensions62€44k€46k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€27k€35k▲
Other operating charges640/8€3k€4k▲
Gross operating margin9900€108k€108k▼
Operating profit (loss)9901€35k€23k▼
Financial income75/76B€66€0▼
Recurring financial income75€66€0▼
Financial charges65/66B€2k€3k▲
Recurring financial charges65€2k€3k▲
Profit (loss) for the period before taxes9903€32k€20k▼
Income taxes67/77€9k€2k▼
Profit (loss) for the period9904€23k€18k▼
Profit (loss) for the period to be appropriated9905€23k€18k▼
Appropriation of the result
Profit (loss) to be appropriated9906€24k€18k▼
Profit (loss) brought forward from the previous period14P€718€721▲
Transfer to equity691/2€23k€18k▼
To other reserves6921€23k€18k▼
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
06-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
16-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €100kEq €122k ▲23.8%
2 profitable years in a row build equity to €122k.
29-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €10k
Net result €10k after 2 loss-making years.
09-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
24-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €-12k ▼147%
Net result drops to €-12k, the lowest in the series; recovery starts the following year.
22-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €25k ▲804%
Net result €25k, the highest in the series.
31-12
Financial
Equity above €200kEq €212k ▲13.5%
2 profitable years in a row build equity to €212k.
24-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €3k
Net result €3k after one loss-making year.
12-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 12 days late
2018
18-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
22-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 22 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2023
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
10-01-2023
Resigned as Director
Location & real-estate footprint
Registered office, Zele · 1 establishment unit since 1984
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.
Elststraat 169240 ZeleGround area
463 m²
Building footprint
234 m²
Volume, LiDAR
916 m³
Parcel 42402F0364/00H000, Flanders · tallest building 9.7 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Elststraat 16, 9240 Zele
since 19842.025.319.121
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42402F0364/00H000 | Flanders | 463 m² | 1 · 234 m² | 9.7 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 siteZele2.025.319.121
Similar companies · same sector, comparable size
Bakkerij Theunis
BE 0462.001.892
Antwerpen · Eq €139k
BALKAN GROUP
BE 0767.821.514
Brussel · Eq €139k
BISTRINUM
BE 0507.578.927
Denderleeuw · Eq €139k
SARAH
BE 0643.910.942
Malmedy · Eq €139k
BORAIDA
BE 0478.611.163
Antwerpen · Eq €139k
Of 4,229 companies in sector 10712 we hold annual accounts for 1,870. 1,583 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded05-09-1984
Fiscal year end31-12
Activities, NACEBEL
10712Artisanal bread and fresh pastry making
15812
Sources
Crossroads Bank for EnterprisesNational Bank · 41 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.