LOTUS BAKERIES

Active

Public limited companyfounded 193492 yrs activeGentstraat 1, 9971 Kaprijke, BelgiumKBO/BCE: BE 0401.030.860

Summary

LOTUS BAKERIES has been active since 1934 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €198.2m and a net result of €87.3m. Equity is growing by ~12.4% per year across the filed fiscal years. Its solvency ranks better than 31% of 775 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).

Risk analysisWatch Report Compare

LOTUS BAKERIESActiveChecked score 84/100

Risk analysis Report Compare

Activity

Manufacture of food products

NACE 10720NACE 15820

#1 company by total assets in Kaprijke1 site

Size

€793.7mtotal assets 2025

Equity: €198.2m
Profit: €87.3m

Financial health

84 Excellent Checked score 2025

Bankruptcy chance 12 m: 0.4%

Structure

Largest shareholder: Stichting van aandelen Lotus Bakeries · 50%
Board: 10 members
Holdings: 24

Auditor: Deloitte Bedrijfsrevisoren/Réviseurs d’EntreprisesAccounts 74 d early

Why 84- Liquidity: current ratio 0.55, cash €533,897- Sector Manufacture of food products (NACE 10)+ Size: total assets €793.7m, files consolidated accounts+ Founded in 1934Show the evidence

Checked score

Score 2025

84 / 100

Excellent

Probability in this band: under 0.55%

Better than 50% of its sector peers (NACE 10, large)

Performance against the sector, not lower risk

Every signal that weighs is under Signals.

Financial strength · tick = 2024

Average

Solvency 50-1

equity 25.0% of total assets

Liquidity 40+12

short-term debt 25.8% · cash 0.1%

Profitability 65+14

return on assets 11.0%

Bankruptcy probability, 12 months

0.4% Very low

0%0.5%1.5%4%10%≥ 25%

About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.4% (62 companies)

Last 24 months 11-2024: 0.4% 12-2024: 0.4%● 0.0% vs 11-2024 01-2025: 0.4%● 0.0% vs 12-2024 02-2025: 0.4%● 0.0% vs 01-2025 03-2025: 0.4%▲ +1.3% vs 02-2025 04-2025: 0.4%▲ +6.1% vs 03-2025 05-2025: 0.4%▲ +3.5% vs 04-2025 06-2025: 0.4%▲ +4.1% vs 05-2025highest value 07-2025: 0.4%▼ -18.4% vs 06-2025lowest value 08-2025: 0.4%● 0.0% vs 07-2025lowest value 09-2025: 0.4%● 0.0% vs 08-2025lowest value 10-2025: 0.4%● 0.0% vs 09-2025lowest value 11-2025: 0.4%● 0.0% vs 10-2025lowest value 12-2025: 0.4%● 0.0% vs 11-2025lowest value 01-2026: 0.4%● 0.0% vs 12-2025lowest value 02-2026: 0.4%● 0.0% vs 01-2026lowest value 03-2026: 0.4%▲ +1.4% vs 02-2026 04-2026: 0.4%▲ +6.1% vs 03-2026 05-2026: 0.4%▲ +3.4% vs 04-2026 06-2026: 0.4%▼ -2.8% vs 05-2026 07-2026: 0.4%● 0.0% vs 06-2026 08-2026: 0.4%● 0.0% vs 07-2026 09-2026: 0.4%● 0.0% vs 08-2026 10-2026: 0.4%● 0.0% vs 09-2026

Liquidity: current ratio 0.55, cash €533,897 raises the probability
Size: total assets €793.7m, files consolidated accounts lowers the probability for this profile
Sector Manufacture of food products (NACE 10) raises the probability
Founded in 1934 lowers the probability for this profile

Credit up to €16,600,000 at 30 days acceptable

Liquidity short (current ratio 0.55 against 0.06 in 2024; short-term debt: 25.8% and cash: 0.1% of total assets), and 75% of the assets are financed with debt.

How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

75-100	Excellent	under 0.55%
60-74	Healthy	0.55% to 1.5%
45-59	Fair	1.5% to 4.2%
25-44	Weak	4.2% to 15.0%
0-24	Critical	over 15.0%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 10, large). Better than this share of them on solvency 25%, liquidity 66%, profitability 44%, growth against the median 65%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 04-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

Credit check for your own amount and term

Show the recommended maximum : and see how the verdict changes with amount, term and advance.

Signals

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

−lowers risk+raises risk○neutral

Liquidity: current ratio 0.55, cash €533,897

In the bankruptcy model this factor raises the probability.

NBB · annual accounts

Size: total assets €793.7m, files consolidated accounts

In the bankruptcy model this factor lowers the probability for this profile.

NBB · annual accounts

Sector Manufacture of food products (NACE 10)

In the bankruptcy model this factor raises the probability.

KBO

Founded in 1934

In the bankruptcy model this factor lowers the probability for this profile.

KBO

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 18-05-2026, 74 days ahead of the deadline.

NBB · 5 filings

Deviation from the deadline

2025

74 d early

2024

51 d early

2023

51 d early

2022

70 d early

2021

69 d early

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

This company filed its last 5 accounts on average 63 days before the deadline; the sector median for financial year 2024 is 5 days before the deadline, and 38% of the sector filed late.

Checked, nothing found (2)

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. Usually files around 23 May (5 of the last 5 filed years within 30 days of that day).

Companies Code · seven months

Position in the running window

04-10-2026 today31-12-2026 close31-07-2027 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

26-05-26 Reappointments: PMF NV (director) and LEMA…Permanent representatives: Emanuel Boone and…
18-05-26 Annual accounts filedfiscal year 2025 · full…
18-05-26 Annual accounts filedfiscal year 2025 · consolidated

Key points

Positive: Result rose in 2025from €39.0m to €87.3m ▲ 124% View
Positive: Company by total assets in Kaprijkein the Checked rankings #1 View
Heads a groupcompanies controlled · known shareholders 99.51% 24 View
Positive: 8 profitable years in a rowprofit 2025: €87.3m 8 years View
Active since 1934founded 30-03-1934 92 years View
Positive: Always filed on timeaccounts within the deadline every year 5 years View