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DE TORRE 2.0

Active
Concertplein 4 ·8680 Koekelare, Belgium
KBO/BCE: BE 0754.597.840
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Age5 yrs
Staff (FTE)3.2
Real estate1 parcel · 843 m²

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of DE TORRE 2.0 is 2.8% (moderate). The 2023 annual accounts show equity of €53k and a net result of €6k. Its solvency ranks better than 72% of 531 sector peers (fiscal year 2023). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 2 annual accounts.

Filing behaviour

From the deposit records, complete market-wide
Annual accounts not filed
The financial year that closed on 31-12-2024 was due at the National Bank by 31-07-2025. Nothing is on record today, 380 days later. 2 financial years are missing in total. Measured on financial year 2023: 41.75% of the companies that did not file are in an abnormal legal state today, against 1.66% of those that did.
Filed after the deadline
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 28-10-2024, 89 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.
How we compute the deadline
The year end is derived from 3 filed financial years, each closing on 31-12. 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 31-12-2023, that is 31-07-2024.
Deadline per financial year
Year closed Due by Filed Variance Reference
31-12-2025 31-07-2026 nothing on record not filed -
31-12-2024 31-07-2025 nothing on record not filed -
31-12-2023 31-07-2024 28-10-2024 89 d late 2024-00516528
31-12-2022 31-07-2023 29-09-2023 60 d late 2023-00469361
31-12-2021 31-07-2022 29-09-2023 425 d late 2023-00469353

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 2020, 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
2.8% Moderate
0%0,5%1,5%4%10%≥25%
Young company +Higher-failure-rate sector +Annual accounts: weaker 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€6k-81.0%
Working capital€2k

Annual accounts & ratios

Source: NBB · 2023
Annual accounts filed on 28-10-2024 with the NBB · fiscal year 2023 · micro
€0€20k€40kOperating result 2021: €41k€41kNet result 2021: €33k€33kOperating result 2023: €9k€9kNet result 2023: €6k€6k20212023
Operating resultNet result
Sector comparison
Fiscal year 2023 · NACE 10, Food manufacturing · compared within the same schema type (micro schema)
Metric This company Sector median Position in the sector
Solvency 40.0% 17.8%
better than 72% of 531 sector peers
Net result €6k €6k
better than 51% of 530 sector peers
Equity €53k €21k
better than 69% of 531 sector peers
Gross operating margin €62k €52k
better than 54% of 529 sector peers
Staff costs €34k €53k
higher than 37% of 349 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
EBITDA
€27k
-50.1% 21-23
Net profit
€6k
-81.0% 21-23
Cash flow
€25k
-46.6% 21-23
Total assets
€132k
+9.4% 21-23
Equity
€53k
+48.7% 21-23
Working capital
€2k
- 21-23
Employees (FTE)
3
+540.0% 21-23
Staff costs
€34k
+58.5% 21-23
Income taxes
€3k
-64.1% 21-23
Debt
€79k
-7.0% 21-23
Debt ≤ 1y
€79k
-7.0% 21-23
Current ratio
1.02
+76.8% 21-23
Quick ratio
0.97
+76.5% 21-23
Solvency
40.0%
+36.0% 21-23
Debt / equity
1.50
-37.5% 21-23
ROE
11.9%
-87.2% 21-23
ROA
4.7%
-82.6% 21-23
Interest coverage
11.23
-56.0% 21-23
Figures by fiscal year
Fiscal year2023
Depositmicro
Revenue-
EBITDA€27k
Net profit€6k
Cash flow€25k
Staff costs€34k
Income taxes€3k
Dividends-
Total assets€132k
Equity€53k
Debt€79k
of which ≤ 1y€79k
of which > 1y-
Working capital€2k
Employees (FTE)3.2
Ratios (computed)
2023
Current ratio1.02
Quick ratio0.97
Working capital ratio1.3%
Solvency40.0%
Debt / equity1.50
Long-term debt ratio-
Interest coverage11.23
Gross margin-
Net margin-
ROA4.7%
ROE11.9%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2023
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2023
Balance sheet, Assets
TOTAL ASSETS 20/58€132k
Fixed assets 21/28€51k
Tangible fixed assets 22/27€51k
Current assets 29/58€81k
Stocks & contracts in progress 3€4k
Amounts receivable within one year 40/41€12k
Cash & bank 54/58€4k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€132k
Equity 10/15€53k
Contributions / capital 10/11€5k
Reserves 13€47k
Accumulated profits (losses) 14€678
Amounts payable 17/49€79k
Amounts payable within one year 42/48€79k
Trade debts payable within one year 44€53k
Income statement
Gross operating margin 9900€62k
Operating result 9901€9k
Financial income 75€2k
Financial charges 65€2k
Result before taxes 9903€9k
Income taxes 67/77€3k
Net result for the period 9904€6k
Result to be appropriated 9905€6k
You are seeing the latest fiscal year only. 1 prior year (figures + ratios) is in a paid plan. See plans →
Ratios computed by Checked.

Health barometer

FY 2023 · 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 2023. Indicative, not credit advice.

Structure & network

Locations & real estate

Registered office

from the Crossroads Bank
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.

Concertplein 48680 Koekelare

Establishment units

1 location
DE TORRE 2.0
Concertplein 4, 8680 KoekelareIndustriële vervaardiging van brood en van vers banketbakkerswerk
since 20202.307.257.341
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area843 m²
Buildings1
Building footprint843 m²
Volume (LiDAR)6,756 m³
Tallest building14.9 m · ±3 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.
32010C1118/02A000 Flanders 843 m² 1 · 843 m² 14.9 m · 3 fl.
Methodology
via registered seat: 1
1 of 1 parcels 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

Belgian State Gazette · acts

No structured acts for this company yet

That means one of two things: the company has published no company deeds, or its deeds are still queued for reading. The insolvency signals above come from a separate source; the KBO register is the second source and appears as the legal situation on this page.

Analysis

Snowflake analysis

financial profile on 5 axes
Health76Profitability59Solvency62Growth52Stability94
69 / 100

Strong profile, led by stability.

All 5 axes are computed from data Checked has read.

Health 76
Profitability 59
Solvency 62
Growth 52
Stability 94

Credit advice

verdict per customer and amount

Should this customer buy amount X on invoice? Enter the amount and payment terms, you get an instant GREEN/AMBER/RED verdict, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.

Similar

Similar companies

Comparable size, same sector
We hold annual accounts for 470 of the 4,216 companies in this sector. 416 of them are within a factor 10 of this company's equity.

Company registry

Company registry (CBE)

Crossroads Bank
Activities
Ambachtelijke vervaardiging van brood en van vers banketbakkerswerk10712Ambachtelijke vervaardiging van brood en van vers banketbakkerswerk10712Industriële vervaardiging van brood en van vers banketbakkerswerk10711Industriële vervaardiging van brood en van vers banketbakkerswerk10711Vervaardiging van beschuit en biscuit en van ander houdbaar banketbakkerswerk10720Vervaardiging van beschuit, biscuit en houdbaar banketbakkerswerk10720Detailhandel in brood en banketbakkerswerk in gespecialiseerde winkels (koude bakkers)47241Detailhandel in brood en banketbakkerswerk (koude bakkers)47241Eetgelegenheden met beperkte bediening56102Activiteiten van eetgelegenheden met beperkte bediening, muv mobiele eetgelegenheden56112Catering56210Catering van evenementen56210Cafés en bars56301Cafés en bars56301
Primary activity highlighted.
Names & trade names
Legal nameNL DE TORRE 2.0
Registered office
Concertplein 4
8680 Koekelare, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.