PARIS CROISSANT

Active

Private limited companyfounded 201510 yrs activeNeerhofstraat 10, 8970 Poperinge, BelgiumKBO/BCE: BE 0641.846.723

The computed 12-month bankruptcy probability of PARIS CROISSANT is 1.8% (moderate). The 2024 annual accounts show equity of €139k and a net result of €-934. Equity is growing by ~13.8% per year across the filed fiscal years. Its solvency ranks better than 69% of 26048 sector peers (fiscal year 2024). The company has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

65 / 100

Healthy

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability61▼-39

Solvency80▼-13

Growth52▼-26

Track record100

Bankruptcy probability, 12 months

1.8% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €9k at 30 days acceptable

Liquidity ample (current ratio 1.97 against 2.33 in 2023; short-term debt: 44.5% and cash: 27% of total assets), and 44.5% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Five signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Multiple establishment units

Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.

KBO · establishment units

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 47

Relative position

BE, all sectors

reference

Sector 47

higher

← fewer bankruptcies more bankruptcies →

Annual accounts: weaker financial profile

The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.

NBB · annual accounts 2024

Solvency, return and age of the figures

Solvency

55.5%

Return on assets

-0.4%

Age of the figures

21 mo

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-08-2025, 30 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.

NBB · 9 filings

Deviation from the deadline

2025

not confirmed

2024

30 d late

2023

31 d late

2022

30 d late

2021

31 d late

2020

30 d late

2019

91 d late

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Equity

€139k▼ 0.7%

2023 · €140k

2018: €65k 2019: €91k 2020: €50k 2021: €89k 2022: €54k 2023: €140k

2018 → 2024

Total assets

€251k▲ 21.1%

2023 · €208k

2018: €262k 2019: €227k 2020: €162k 2021: €194k 2022: €151k 2023: €208k

2018 → 2024

Net result

€-934

2023 · €86k

2018: €12k 2019: €26k 2020: €-41k 2021: €39k 2022: €-35k 2023: €86k

2018 → 2024

Working capital

€109k▲ 21.6%

2023 · €89k

2018: €-12k 2019: €-6k 2020: €-30k 2021: €16k 2022: €-11k 2023: €89k

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€50k-€89k▲ 77.9%€54k▼ 39.6%€140k▲ 160%€139k▼ 0.7%

Operating result€-37k-€43k€-31k€97k€4k▼ 95.6%

Net result€-41k-€39k€-35k€86k€-934

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 falls in 2024; 2024 is 96% below 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €251k

12.3%

87.7%

Fixed assets €31k▼ 39.6%

Current assets €220k▲ 40.9%

Equity and liabilities €251k

55.5%

44.5%

Equity €139k▼ 0.7%

Debt €112k▲ 66.6%

The debt ratio rises from 32.4% to 44.5%. Equity is lower and debt is higher.

Key figures and ratios

2024 value · change against 2023

EBITDA

€24k▼

2023 · €128k

Cash flow

€19k▼

2023 · €116k

Solvency

55.5%▼

2023 · 67.6%

Current ratio

1.97▼

2023 · 2.33

Quick ratio

1.97▼

2023 · 2.33

Debt / equity

0.80▲

2023 · 0.48

ROE

-0.7%▼

2023 · 61.5%

ROA

-0.4%▼

2023 · 41.6%

Interest coverage

5.12▼

2023 · 30.10

Debt

€112k▲

2023 · €67k

Debt ≤ 1 year

€112k▲

2023 · €67k

Income taxes

€916▼

2023 · €7k

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 · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€208k€251k▲

Fixed assets21/28€51k€31k▼

Intangible fixed assets21€18k€8k▼

Tangible fixed assets22/27€33k€23k▼

Plant, machinery and equipment23€28k€20k▼

Furniture and vehicles24€5k€3k▼

Other tangible fixed assets26€0-

Current assets29/58€156k€220k▲

Amounts receivable within one year40/41€49k€144k▲

Trade receivables40€6k€60k▲

Other amounts receivable41€43k€84k▲

Cash at bank and in hand54/58€99k€68k▼

Deferred charges and accrued income490/1€9k€8k▼

Equity and liabilities

Total equity and liabilities10/49€208k€251k▲

Equity10/15€140k€139k▼

Contributions10/11€19k€19k=

Reserves13€122k€122k=

Non-distributable reserves130/1€2k€0▼

Reserves not available under the articles1311€2k€0▼

Distributable reserves133€120k€122k▲

Profit (loss) carried forward14€0€-934▼

Amounts payable17/49€67k€112k▲

Amounts payable within one year42/48€67k€112k▲

Trade debts44€43k€101k▲

Suppliers440/4€43k€101k▲

Taxes, remuneration and social security45€10k€11k▲

Taxes450/3€10k€11k▲

Other amounts payable47/48€14k€427▼

Income statement Code20232024

Non-recurring operating income76A€0-

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€30k€20k▼

Other operating charges640/8€5k€3k▼

Gross operating margin9900€133k€27k▼

Operating profit (loss)9901€97k€4k▼

Financial income75/76B€271€490▲

Recurring financial income75€271€490▲

Financial charges65/66B€4k€5k▲

Recurring financial charges65€4k€5k▲

Profit (loss) for the period before taxes9903€93k€-18▼

Income taxes67/77€7k€916▼

Profit (loss) for the period9904€86k€-934▼

Profit (loss) for the period to be appropriated9905€86k€-934▼

Appropriation of the result

Profit (loss) to be appropriated9906€50k€-934▼

Profit (loss) brought forward from the previous period14P€-37k€0▲

Transfer to equity691/2€50k€0▼

To other reserves6921€50k€0▼

The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 14Financial 5Filings 9

2025

30-08

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 30 days late

2024

31-08

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 31 days late

2023

31-12

Financial Back to profitnet €86k

Net result €86k after one loss-making year.

31-12

Financial Liquidity triplescurrent ratio 2.33

Current ratio from 0.88 to 2.33; short-term debt falls from €97k to €67k.

31-12

Financial Equity above €100kEq €140k ▲160%

Equity rises from €54k to €140k.

30-08

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 30 days late

2022

31-08

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 31 days late

2021

31-12

Financial Back to profitnet €39k

Net result €39k after one loss-making year.

30-08

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 30 days late

2020

31-12

Financial Weakest financial yearnet €-41k ▼255%

Net result drops to €-41k, the lowest in the series; recovery starts the following year.

30-10

NBB filing Annual accounts filed

fiscal year 2019 · abbreviated schema · 91 days late

2019

28-08

NBB filing Annual accounts filed

fiscal year 2018 · abbreviated schema · 28 days late

2018

29-08

NBB filing Annual accounts filed

fiscal year 2017 · abbreviated schema · 29 days late

2017

18-08

NBB filing Annual accounts filed

fiscal year 2016 · abbreviated schema · 18 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

3 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, Poperinge · 3 establishment units since 2015

establishment All 3 establishment units on the map

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.

Neerhofstraat 108970 Poperinge

Ground area

1,819 m²

Building footprint

491 m²

Volume, LiDAR

3,048 m³

4 parcels, Flanders, Wallonia · tallest building 15.8 m, ±5 floors. Linked by address, not a title deed.

3 establishment units

PARIS CROISSANT

Marktplaats(Biz) 24, 7783 Comines-WarnetonArtisanal bread and fresh pastry making

since 20152.247.582.149

PARIS CROISSANT

Bellestraat(West) 68, 8954 HeuvellandArtisanal bread and fresh pastry making

since 20152.247.582.248

PARIS CROISSANT

Grote Markt 16, 8900 IeperArtisanal bread and fresh pastry making

since 20152.247.582.347

4 parcels

Flanders 3 (75%) Wallonia 1 (25%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
33023E0481/00F004	Flanders	872 m²	-	-
54008F0444/00P018	Wallonia	350 m²	1 · 117 m²	10.4 m · 2 fl.
33030C0554/00V003	Flanders	317 m²	1 · 287 m²	5.5 m · 1 fl.
33011F0236/00B000	Flanders	279 m²	1 · 87 m²	15.8 m · 5 fl.