L'ECOPAIN D'IGNACE
ActiveL'ECOPAIN D'IGNACE has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.76M and a net result of €30k. Equity remains stable across the filed fiscal years (±1.9% per year). Its solvency ranks better than 18% of 637 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
53
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability49=
Solvency38▼-2
Growth39▼-2
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €90k at 30 days acceptable
Liquidity tight (current ratio 1.13 against 1.05 in 2024; short-term debt: 40.2% and cash: 0.1% of total assets), and 86.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
13.5%
Return on assets
0.2%
Age of the figures
9 mo
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 · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 637 sector peers (2025).
NBB · sector comparisonPosition among 637 sector peers
Solvency
better than 18%
← weakest
strongest →
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 30-07-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
20 d early
2023
7 d early
2022
12 d early
2021
9 d early
2020
9 d early
2019
17 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
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Source amounts without an identifiable currency are assumed to be EUR.
Turnover
€14.94M▼ 0.5%
2024 · €15.01M
2018: €10.00M
2019: €13.67M
2020: €13.67M
2021: €12.47M
2022: €15.30M
2023: €15.82M
2024: €15.01M
2018 → 2025
EBIT margin
1.5%▼ 0.9pp
2024 · 2.4%
2018: 2.1%
2019: 2.2%
2020: -2.7%
2021: 0.8%
2022: 1.7%
2023: 2.3%
2024: 2.4%
2018 → 2025
Net result
€30k▼ 72.1%
2024 · €106k
2018: €135k
2019: €198k
2020: €-400k
2021: €107k
2022: €202k
2023: €183k
2024: €106k
2018 → 2025
Working capital
€669k▲ 150%
2024 · €268k
2018: €-857k
2019: €71k
2020: €71k
2021: €-849k
2022: €-825k
2023: €665k
2024: €268k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€12.47M-€15.30M▲ 22.7%€15.82M▲ 3.4%€15.01M▼ 5.1%€14.94M▼ 0.5%
Equity€1.89M-€1.89M▼ 0.1%€1.88M▼ 0.5%€1.89M▲ 0.6%€1.76M▼ 6.8%
Operating result€105k-€260k▲ 147%€369k▲ 41.5%€354k▼ 4.1%€217k▼ 38.6%
Net result€107k-€202k▲ 88.2%€183k▼ 9.2%€106k▼ 42.2%€30k▼ 72.1%
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 39% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €13.10M
Fixed assets
€7.16M▼ 7.1%
Current assets
€5.93M▲ 14.4%
Equity and liabilities €13.10M
Equity
€1.76M▼ 6.8%
Debt
€11.33M▲ 3.0%
The debt ratio rises from 85.3% to 86.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€1.17M▼
2024 · €1.26M
Cash flow
€982k▼
2024 · €1.01M
Solvency
13.5%▼
2024 · 14.7%
Current ratio
1.13▲
2024 · 1.05
Quick ratio
0.63▲
2024 · 0.55
Debt / equity
6.43▲
2024 · 5.82
ROE
1.7%▼
2024 · 5.6%
ROA
0.2%▼
2024 · 0.8%
Interest coverage
3.49▲
2024 · 3.22
Debt
€11.33M▲
2024 · €11.01M
Debt ≤ 1 year
€5.26M▲
2024 · €4.92M
Debt > 1 year
€6.06M▼
2024 · €6.07M
Income taxes
€758▲
2024 · €756
Staff costs
€4.51M▲
2024 · €4.13M
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€12.90M€13.10M▲
Fixed assets21/28€7.72M€7.16M▼
Intangible fixed assets21€525k€669k▲
Tangible fixed assets22/27€7.19M€6.50M▼
Land and buildings22€5.05M€4.64M▼
Plant, machinery and equipment23€1.85M€1.60M▼
Furniture and vehicles24€21k€37k▲
Leasing and similar rights25€272k€223k▼
Current assets29/58€5.18M€5.93M▲
Amounts receivable after more than one year29€323k€323k=
Other amounts receivable291€323k€323k=
Stocks and contracts in progress3€2.48M€2.64M▲
Stocks30/36€2.48M€2.64M▲
Raw materials and consumables30/31€1.28M€1.31M▲
Work in progress32€197k€352k▲
Finished goods33€993k€973k▼
Amounts receivable within one year40/41€2.27M€2.85M▲
Trade receivables40€1.76M€2.54M▲
Other amounts receivable41€513k€313k▼
Cash at bank and in hand54/58€8k€15k▲
Deferred charges and accrued income490/1€108k€105k▼
Equity and liabilities
Total equity and liabilities10/49€12.90M€13.10M▲
Equity10/15€1.89M€1.76M▼
Contributions10/11€3.70M€3.70M=
Revaluation surpluses12€63k€63k=
Profit (loss) carried forward14€-2.98M€-2.95M▲
Investment grants15€1.11M€946k▼
Amounts payable17/49€11.01M€11.33M▲
Amounts payable after more than one year17€6.07M€6.06M▼
Financial debts170/4€6.07M€6.06M▼
Subordinated loans170€1.17M€1.25M▲
Leasing and similar obligations172€162k€112k▼
Credit institutions173€4.60M€4.61M▲
Other loans174€146k€85k▼
Amounts payable within one year42/48€4.92M€5.26M▲
Current portion of amounts payable after more than one year42€677k€628k▼
Financial debts43€1.53M€1.51M▼
Credit institutions430/8€1.53M€1.51M▼
Trade debts44€2.03M€2.43M▲
Suppliers440/4€2.03M€2.43M▲
Taxes, remuneration and social security45€583k€651k▲
Taxes450/3€26k€73k▲
Remuneration and social security454/9€557k€577k▲
Other amounts payable47/48€94k€51k▼
Accrued charges and deferred income492/3€21k€7k▼
Income statement
Code20242025
Operating income70/76A€15.45M€15.55M▲
Turnover70€15.01M€14.94M▼
Change in stocks of work in progress, finished goods and contracts in progress71€7k€135k▲
Own construction capitalised72€259k€281k▲
Other operating income74€170k€141k▼
Non-recurring operating income76A€6k€56k▲
Operating charges60/66A€15.10M€15.33M▲
Goods for resale, raw materials and consumables60€6.94M€7.09M▲
Purchases600/8€6.95M€7.12M▲
Change in stocks: decrease (increase)609€-10k€-28k▼
Services and other goods61€3.07M€2.71M▼
Remuneration, social security and pensions62€4.13M€4.51M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€906k€952k▲
Other operating charges640/8€39k€68k▲
Non-recurring operating charges66A€14k-
Operating profit (loss)9901€354k€217k▼
Financial income75/76B€158k€161k▲
Recurring financial income75€158k€161k▲
Other financial income752/9€158k€161k▲
Financial charges65/66B€406k€348k▼
Recurring financial charges65€406k€348k▼
Debt charges650€392k€335k▼
Other financial charges652/9€14k€13k▼
Profit (loss) for the period before taxes9903€107k€30k▼
Income taxes67/77€756€758▲
Taxes670/3€756€758▲
Profit (loss) for the period9904€106k€30k▼
Profit (loss) for the period to be appropriated9905€106k€30k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-2.98M€-2.95M▲
Profit (loss) brought forward from the previous period14P€-3.08M€-2.98M▲
Social balance
Average headcount (FTE)908774.678.1▲
The notes to these accounts (80 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
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
11-07
NBB filing
Annual accounts filed
fiscal year 2024 · unclassified schema
2024
24-07
NBB filing
Annual accounts filed
fiscal year 2023 · unclassified schema
2023
19-07
NBB filing
Annual accounts filed
fiscal year 2022 · unclassified schema
2022
31-12
Financial
Highest result since 2018net €202k ▲88.2%
Net result €202k, the highest in the series.
22-07
NBB filing
Annual accounts filed
fiscal year 2021 · unclassified schema
2021
31-12
Financial
Back to profitnet €107k
Net result €107k after one loss-making year.
22-07
NBB filing
Annual accounts filed
fiscal year 2020 · unclassified schema
2020
31-12
Financial
Weakest financial yearnet €-400k ▼302%
Net result drops to €-400k, the lowest in the series; recovery starts the following year.
14-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
09-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
26-04
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
20-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
10 acts for this company are 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, Enghien · 1 establishment unit since 2008
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.
Ilya Prigoginestraat 37850 EnghienGround area
1.2 ha
Building footprint
4,111 m²
Volume, LiDAR
44,599 m³
Parcel 55025B0202/00D000, Wallonia · tallest building 14.3 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
L'ECOPAIN D'IGNACE
since 20082.174.959.833
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 55025B0202/00D000 | Wallonia | 1.2 ha | 1 · 4,111 m² | 14.3 m · 4 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 siteEnghien/Edingen2.174.959.833
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Of 511 companies in sector 10711 we hold annual accounts for 329. 150 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded29-09-2008
Fiscal year end31-12
Activities, NACEBEL
10711Manufacture of food products
10712Artisanal bread and fresh pastry making
10720Manufacture of food products
10810Manufacture of food products
10820Manufacture of cocoa, chocolate and sugar confectionery
Sources
Crossroads Bank for EnterprisesNational Bank · 17 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.