ACTIVE

HD BAKERY GROUP

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Financial year 2024 · Closed on 31/12/2024

Net result

228,1 k €

-22,1 %over 1 year

Gross margin

1,3 M €

+7,6 %over 1 year

Equity

1,5 M €

+17,6 %over 1 year

Workforce

13,9 ETP

+15,8 %over 1 year

Identity

Source · BCE/KBO

HD BAKERY GROUP is a Public limited company incorporated in 1998. Its main activity is: Manufacture of bread; manufacture of fresh pastry goods and cakes. Its registered office is in Braine-le-Château. It employs on average 13,9 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0463.000.004
Incorporation: 31/03/1998
Legal form: Public limited company
Registered office: Parc Industriel(W-B) 24
1440 Braine-le-Château · WallonieSee on map
Contributed capital: 62 184,03 €
Latest accounts: 31/12/2024
Average workforce: 13,9 ETP

Activities (NACE)

10711Manufacture of bread; manufacture of fresh pastry goods and cakes· main 10711Manufacture of bread; manufacture of fresh pastry goods and cakes 10730Manufacture of macaroni, noodles, couscous and similar farinaceous products 10730Manufacture of macaroni, noodles, couscous and similar farinaceous products 15811Manufacture of leather and related products 15850Manufacture of leather and related products+3

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 19 filings

Trend over 17 financial years

	2024		2023		2022		2021		2020
Income statement
Gross margin	1,3 M €	+7.6%	1,3 M €	+32.5%	945,8 k €	+46.7%	644,9 k €	+58.4%	407,1 k €
EBITDA	540,7 k €	-8.4%	590,4 k €	+59.4%	370,5 k €	-2.8%	381,2 k €	+98.3%	192,2 k €
Operating result	325,2 k €	-21.4%	413,9 k €	+113%	194,7 k €	-5.4%	205,8 k €	+880%	-26,4 k €
Net result	228,1 k €	-22.1%	292,8 k €	+150%	117,3 k €	-24.3%	154,9 k €	+409%	-50,2 k €
Balance sheet
Equity	1,5 M €	+17.6%	1,3 M €	+29.2%	1 M €	+13.2%	886,8 k €	+21.2%	731,9 k €
Total assets	3,1 M €	+2.9%	3,1 M €	+16.7%	2,6 M €	+16.0%	2,3 M €	+2.9%	2,2 M €
Cash	235,4 k €	+39.7%	168,5 k €	-47.2%	318,9 k €	+485%	54,5 k €	+40.6%	38,8 k €
Debts	1,6 M €	-8.0%	1,8 M €	+9.6%	1,6 M €	+17.0%	1,4 M €	-6.3%	1,5 M €
Other
Workforce	13,9 ETP	+15.8%	12,0 ETP	+20.0%	10,0 ETP	+33.3%	7,5 ETP	-3.8%	7,8 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2024

2 active · 3 ended

Active mandates

IAREK

Director · 0838.308.840

Active

SABRI KERAI

Managing director

Active

Ended mandates

IAREK

Director · since 01 juillet 2023 · 0838.308.840

Represented by Sabri KERAI

Ended

ABDELLAH KERAI

Director

Ended

SABRI KERAI

Director

Ended

Other companies at this address

Parc Industriel(W-B) 24 1440 Braine-le-Château

Company	CBE no.
AVKER● Active	0826.321.125
IAREK● Active	0838.308.840
TECTUM DSB● Active	0400.456.085

Full financial information

Source · NBB

	2024	2023	2022	2021	2020	2019
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	18/08/2025	03/10/2024	10/10/2023	25/11/2022	24/11/2021	30/10/2020
General meeting	13/08/2025	27/09/2024	05/10/2023	12/10/2022	25/10/2021	28/10/2020
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 19 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2024	13/08/2025	18/08/2025	French	PDF
Abridged model	31/12/2023	27/09/2024	03/10/2024	French	PDF
Abridged model	31/12/2022	05/10/2023	10/10/2023	French	PDF
Abridged model	31/12/2021	12/10/2022	25/11/2022	French	PDF
Abridged model	31/12/2020	25/10/2021	24/11/2021	French	PDF
Abridged model	31/12/2019	28/10/2020	30/10/2020	French	PDF
Abridged model	31/12/2018	17/09/2019	19/09/2019	French	PDF
Abridged model	31/12/2017	25/09/2018	02/10/2018	French	PDF
Abridged model	31/12/2016	26/09/2017	29/09/2017	French	PDF
Abridged model	31/12/2015	30/09/2016	05/10/2016	French	PDF
Abridged model	31/12/2014	28/09/2015	29/09/2015	French	PDF
Abridged model	31/12/2013	29/10/2014	31/10/2014	French	PDF
Abridged model	31/12/2012	09/09/2013	18/09/2013	French	PDF
Abridged model	31/12/2011	17/10/2012	19/10/2012	French	PDF
Abridged model	31/12/2010	10/11/2011	15/11/2011	French	PDF
Abridged model	31/12/2009	24/08/2010	26/08/2010	French	PDF
Abridged model	31/12/2008	09/04/2009	24/06/2009	French	PDF
Abridged model	31/12/2007	25/08/2008	29/08/2008	French	PDF
Abridged model	31/12/2006	13/08/2007	20/08/2007	French	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Board of directors

Source · NBB, accounts to 31/12/2024

2 active · 3 ended

Active mandates

IAREK

Director · 0838.308.840

Active

SABRI KERAI

Managing director

Active

Ended mandates

IAREK

Director · since 01 juillet 2023 · 0838.308.840

Represented by Sabri KERAI

Ended

ABDELLAH KERAI

Director

Ended

SABRI KERAI

Director

Ended

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates27/12/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DENOMINATION - DIVERS - DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE
PDF
Registered office12/12/2018
SIEGE SOCIAL
PDF
Mandates30/11/2017
DEMISSIONS, NOMINATIONS
PDF
Capital / shares21/04/2015
CAPITAL, ACTIONS
PDF
Mandates10/09/2010
CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS
PDF
Capital / shares15/03/2005
CAPITAL, ACTIONS
PDF
Mandates17/12/2003
DEMISSIONS, NOMINATIONS - DENOMINATION - CAPITAL, ACTIONS - SIEGE SOCIAL - MODIFICATION FORME JURIDIQUE
PDF

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

2024
Annual accounts 2024228,1 k €↓
2023
Annual accounts 2023292,8 k €↑
2023
Name changeHD BAKERY GROUP
2022
Annual accounts 2022117,3 k €↓
2021
Annual accounts 2021154,9 k €↑
2021
Name changeK & S GROUP
2020
Annual accounts 2020-50,2 k €↓
2019
Annual accounts 2019115,9 k €↓
2018
Annual accounts 2018143 k €↑
2017
Annual accounts 2017131,9 k €↑
2016
Annual accounts 201671,8 k €↓
2015
Annual accounts 2015207,3 k €↑
2014
Annual accounts 2014-556,4 €↓
2013
Annual accounts 201326,7 k €↓
2012
Annual accounts 201227 k €↓
2011
Annual accounts 201154 k €↑
2010
Annual accounts 2010-5,3 k €↓
2009
Annual accounts 200942,7 k €↑
2008
Annual accounts 200811,3 k €
31/03/1998
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

HD BAKERY GROUP

Overview

Identity

Financials

Valuation

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline

Timeline