ACTIVE

SMILING BAKER

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Financial year 2025 · closed on 31/12/2025
Net result
2 M €
-18.3% YoY
Revenue
12,5 M €
-20.8% YoY
Equity
6,8 M €
+37.1% YoY
Workforce
32,0 ETP
+30.6% YoY

What does SMILING BAKER do?

SMILING BAKER is a Public limited company incorporated in 2016. Its main activity is: Manufacture of rusks and biscuits; manufacture of preserved pastry goods and cakes. Its registered office is in Oupeye. It employs on average 32,0 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0667.999.210
Incorporation
22/12/2016
Legal form
Public limited company
Registered office
Rue César de Paepe 55
4683 Oupeye · WallonieSee on map
Contributed capital
62 000,00 €
Latest accounts
31/12/2025
Average workforce
32,0 ETP
Activities (NACE)
10720Manufacture of rusks and biscuits; manufacture of preserved pastry goods and cakes· main10720Manufacture of rusks and biscuits; manufacture of preserved pastry goods and cakes47241Retail sale of bread, cakes, flour confectionery and sugar confectionery in specialised stores47241Retail sale of bread, cakes, flour confectionery and sugar confectionery in specialised stores10720Manufacture of rusks and biscuits; manufacture of preserved pastry goods and cakes10720Manufacture of rusks and biscuits; manufacture of preserved pastry goods and cakes
Joint committees (2)
  • 118
  • 220
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHigh revenue
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 8 financial years

20252024202320222021202020192018
Income statement
Revenue12,5 M €15,8 M €––––––
EBITDA3,9 M €4,2 M €3,9 M €2,3 M €1,4 M €1,5 M €1,2 M €338,6 k €
Operating result2,4 M €2,8 M €2,1 M €527 k €277,6 k €721,5 k €520,9 k €205,1 k €
Net result2 M €2,5 M €2,3 M €509,3 k €293,6 k €661,6 k €471 k €142,5 k €
Balance sheet
Equity6,8 M €4,9 M €2,8 M €2,7 M €1,9 M €1,8 M €1,2 M €204,5 k €
Total assets9,8 M €8,4 M €11,1 M €9,9 M €8,4 M €5,2 M €4,5 M €1,4 M €
Cash20,1 k €144,9 k €445,1 k €442,8 k €189,8 k €402 k €371,5 k €174,3 k €
Debts3 M €3,4 M €8,3 M €7,2 M €6,5 M €3,4 M €3,3 M €1,2 M €
Other
Workforce32,0 ETP24,5 ETP24,0 ETP–––––
Estimate

Indicative valuation

As an indication, this company is worth

between 25 M€ and 50 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 3 ended

Active mandates

Julie PIETTEUR

Director · since 28 mars 2024

Active

Ended mandates

Didier PIETTEUR

Mandate

Ended
Elaboration de Système

Mandate · 0440.327.441

Ended
Julie PIETTEUR

Mandate

Ended
At this address

Other companies at this address

CompanyCBE no.
ORYX CAPITAL● Active
1041.899.863
Annual accounts

Full financial information

202520242023202220212020
Type of accountFull modelFull modelAbridged modelAbridged modelAbridged modelMicro model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date30/06/202631/07/202502/07/202431/08/202329/07/202229/07/2021
General meeting15/06/202630/06/202525/06/202415/05/202316/05/202217/05/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

8 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202515/06/202630/06/2026FrenchPDF
Full model31/12/202430/06/202531/07/2025FrenchPDF
Abridged model31/12/202325/06/202402/07/2024FrenchPDF
Abridged model31/12/202215/05/202331/08/2023FrenchPDF
Abridged model31/12/202116/05/202229/07/2022FrenchPDF
Micro model31/12/202017/05/202129/07/2021FrenchPDF
Abridged model31/12/201918/05/202030/07/2020FrenchPDF
Abridged model30/11/201825/04/201926/04/2019FrenchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 25 M€ and 50 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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 3 ended

Active mandates

Julie PIETTEUR

Director · since 28 mars 2024

Active

Ended mandates

Didier PIETTEUR

Mandate

Ended
Elaboration de Système

Mandate · 0440.327.441

Ended
Julie PIETTEUR

Mandate

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates18/04/2024
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates02/08/2022
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - DEMISSIONS, NOMINATIONS
    PDF
  • Registered office04/02/2022
    SIEGE SOCIAL
    PDF
  • Other19/10/2018
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - ANNEE COMPTABLE
    PDF
  • Other27/12/2016
    RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
    PDF

Source: Belgian Official Gazette

Competition

Similar companies

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

See the Business plan

Timeline

  1. 2025
    Annual accounts 20252 M €↓
  2. 2024
    Annual accounts 20242,5 M €↑
  3. 2023
    Annual accounts 20232,3 M €↑
  4. 2022
    Annual accounts 2022509,3 k €↑
  5. 2021
    Annual accounts 2021293,6 k €↓
  6. 2020
    Annual accounts 2020661,6 k €↑
  7. 2019
    Annual accounts 2019471 k €↑
  8. 2018
    Annual accounts 2018142,5 k €
  9. 22/12/2016
    IncorporationPublic limited company