Bakkerij Mannaerts
ActiveThe computed 12-month bankruptcy probability of Bakkerij Mannaerts is 1.7% (moderate). The 2025 annual accounts show equity of €258k and a net result of €158k. Equity is growing by ~37.3% per year across the filed fiscal years. Its solvency ranks better than 62% of 1538 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
73
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency69▼-31
Growth78=
Track record94
Bankruptcy probability, 12 months
1.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €18k at 30 days acceptable
Liquidity tight (current ratio 1.14 against 5.2 in 2024; short-term debt: 54.4% and cash: 54.1% of total assets), and 55.7% of the assets are financed with debt.
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
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 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
44.3%
Return on assets
27.1%
Age of the figures
9 mo
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 27-02-2026, 154 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
154 d early
2024
56 d early
2023
37 d early
2022
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
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€258k▼ 31.2%
2024 · €375k
2022: €90k
2023: €244k
2024: €375k
2022 → 2025
Total assets
€582k▲ 30.9%
2024 · €445k
2022: €436k
2023: €355k
2024: €445k
2022 → 2025
Net result
€158k▲ 20.5%
2024 · €131k
2022: €75k
2023: €153k
2024: €131k
2022 → 2025
Working capital
€45k▼ 81.2%
2024 · €238k
2022: €-112k
2023: €63k
2024: €238k
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€90k-€244k▲ 169%€375k▲ 53.8%€258k▼ 31.2%
Operating result€93k-€203k▲ 118%€173k▼ 14.9%€204k▲ 18.2%
Net result€75k-€153k▲ 103%€131k▼ 14.4%€158k▲ 20.5%
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 recovers in 2025; 2025 is 18% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €582k
Fixed assets
€221k▲ 47.0%
Current assets
€362k▲ 22.7%
Equity and liabilities €582k
Equity
€258k▼ 31.2%
Debt
€324k▲ 363%
The debt ratio rises from 15.7% to 55.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€256k▲
2024 · €222k
Cash flow
€210k▲
2024 · €181k
Solvency
44.3%▼
2024 · 84.3%
Current ratio
1.14▼
2024 · 5.20
Quick ratio
1.12▼
2024 · 5.10
Debt / equity
1.26▲
2024 · 0.19
ROE
61.3%▲
2024 · 35.0%
ROA
27.1%▼
2024 · 29.5%
Interest coverage
46.08▲
2024 · 37.67
Debt
€324k▲
2024 · €70k
Debt ≤ 1 year
€317k▲
2024 · €57k
Debt > 1 year
€5k▼
2024 · €10k
Income taxes
€43k▲
2024 · €39k
Staff costs
€241k▲
2024 · €232k
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€445k€582k▲
Fixed assets21/28€150k€221k▲
Intangible fixed assets21€49k€40k▼
Tangible fixed assets22/27€101k€181k▲
Plant, machinery and equipment23€91k€160k▲
Furniture and vehicles24€4k€10k▲
Other tangible fixed assets26€6k€10k▲
Financial fixed assets28€363€363=
Current assets29/58€295k€362k▲
Stocks and contracts in progress3€6k€6k▲
Stocks30/36€6k€6k▲
Amounts receivable within one year40/41€92k€40k▼
Trade receivables40€4k€6k▲
Other amounts receivable41€88k€34k▼
Cash at bank and in hand54/58€197k€315k▲
Deferred charges and accrued income490/1-€910
Equity and liabilities
Total equity and liabilities10/49€445k€582k▲
Equity10/15€375k€258k▼
Contributions10/11€15k€15k=
Reserves13€360k€243k▼
Distributable reserves133€360k€243k▼
Profit (loss) carried forward14-€0
Amounts payable17/49€70k€324k▲
Amounts payable after more than one year17€10k€5k▼
Financial debts170/4€10k€5k▼
Amounts payable within one year42/48€57k€317k▲
Current portion of amounts payable after more than one year42€6k€6k▲
Financial debts43€0-
Credit institutions430/8€0-
Trade debts44€8k€152k▲
Suppliers440/4€8k€152k▲
Taxes, remuneration and social security45€43k€26k▼
Taxes450/3€9k€5k▼
Remuneration and social security454/9€34k€21k▼
Other amounts payable47/48€53€133k▲
Accrued charges and deferred income492/3€3k€3k=
Income statement
Code20242025
Remuneration, social security and pensions62€232k€241k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€49k€52k▲
Other operating charges640/8€4k€1k▼
Gross operating margin9900€458k€498k▲
Operating profit (loss)9901€173k€204k▲
Financial income75/76B€3k€3k▼
Recurring financial income75€3k€3k▼
Financial charges65/66B€6k€6k▼
Recurring financial charges65€6k€6k▼
Profit (loss) for the period before taxes9903€170k€202k▲
Income taxes67/77€39k€43k▲
Profit (loss) for the period9904€131k€158k▲
Profit (loss) for the period to be appropriated9905€131k€158k▲
Appropriation of the result
Profit (loss) to be appropriated9906€131k€158k▲
Transfer from equity791/2-€275k
Transfer to equity691/2€131k€158k▲
To other reserves6921€131k€158k▲
Profit to be distributed694/7-€275k
Return on contributions (dividend)694-€275k
The notes to these accounts (15 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
27-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2022net €158k ▲20.5%
Operating result €204k, net result €158k, both a record.
05-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Liquidity triplescurrent ratio 5.20
Current ratio from 1.66 to 5.20; short-term debt falls from €95k to €57k.
24-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Liquidity triplescurrent ratio 1.66
Current ratio from 0.65 to 1.66; short-term debt falls from €324k to €95k.
31-12
Financial
Equity above €200kEq €244k ▲169%
2 profitable years in a row build equity to €244k.
24-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated 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, Lommel · 1 establishment unit since 2022
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.
Leuken 503920 LommelGround area
1,086 m²
Building footprint
597 m²
Volume, LiDAR
2,337 m³
Parcel 72345B1004/00A002, Flanders · tallest building 6.1 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Bakkerij Mannaerts
since 20222.329.590.602
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72345B1004/00A002 | Flanders | 1,086 m² | 1 · 597 m² | 6.1 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.
Public money · subsidies and aid
Flemish government
2023 to 2025 · 3 entries · 499 EUR awarded · 499 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 176 EUR | 176 EUR |
| 2024 | 1 | 176 EUR | 176 EUR |
| 2023 | 1 | 147 EUR | 147 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Food safety, FASFC
1 siteLommel2.329.590.602
Similar companies · same sector, comparable size
Bakkerij Goethals - Lippens
BE 0775.778.185
Lochristi · Eq €258k
Hill's Food
BE 0843.796.169
Comines-Warneton · Eq €259k
Dildar
BE 0636.799.159
Antwerpen · Eq €257k
DRIE STERREN
BE 0452.189.551
Antwerpen · Eq €257k
DH CHOCOL@
BE 0778.659.283
Roeselare · Eq €259k
Of 4,227 companies in sector 10712 we hold annual accounts for 1,870. 1,458 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded18-03-2022
Fiscal year end31-12
Activities, NACEBEL
10712Artisanal bread and fresh pastry making
10720Manufacture of food products
47241Retail sale of bread and pastry (bakery outlets)
47279Other retail sale of food
47299Retail trade
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:severine.lodewijks@gmail.com