Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 35 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
POPPIES BAKERIES COMINES from Comines-Warneton, company number BE0453486282, closed financial year 2025 with a result of € 878,913 after tax. For that financial year POPPIES BAKERIES COMINES recorded revenue of € 49.7 million and equity of € 9.2 million. Compared with financial year 2024, the result moved from € 809,693 to € 878,913. Profitable, and profit is growing. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on June 25, 2026.
€ 9.2 million
▼ 35% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 878,913
▲ 9% vs 2024
Profit after tax over the fiscal year.
€ 1,015
Cash and bank balances on the last day of the fiscal year.
€ 5.8 million paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
128.5
▲ 22.2 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 8 million
▲ 26% vs 2024
€ 62,100 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 38,682
▲ 45% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 5.3 million
▲ 48% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 50 days on average.
€ 1.6 million
▲ 17% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 35,174,670 | € 37,210,848 | € 38,088,007 | € 49,721,445 | ▲ 31% |
| Profit after taxes | € 1,328,147 | € 1,657,813 | € 809,693 | € 878,913 | ▲ 9% |
| Equity | € 11,636,087 | € 13,293,900 | € 14,103,593 | € 9,232,506 | ▼ 35% |
| Total debts | € 6,067,190 | € 6,132,981 | € 5,097,708 | € 15,276,307 | ▲ 200% |
| Cash | € 6,701 | € 1,015 | € 1,015 | € 1,015 | |
| Land & buildings | € 676,617 | € 670,419 | € 1,045,000 | € 1,665,330 | ▲ 59% |
| Retained profit | € 11,388,087 | € 13,045,900 | € 13,855,593 | € 8,984,506 | ▼ 35% |
| Dividend | € 600,000 | € 0 | € 0 | € 5,750,000 | |
| Balance sheet total | € 18,064,620 | € 19,676,095 | € 19,360,884 | € 24,606,718 | ▲ 27% |
| Employees (FTE) | 99.5 | 101.9 | 106.3 | 128.5 | ▲ 22.2 |
Key figures of POPPIES BAKERIES COMINES, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to POPPIES BAKERIES COMINES?
What happened at POPPIES BAKERIES COMINES in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Frans Castelein stepped down as director. NBB
- Antony Popelier stepped down as director. NBB
- Filip Commeine stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 878,913 (▲ 9% vs 2024). Source: NBB ↗
- Patrick Reekmans Consulting SRL stepped down as director. NBB
- Frans Castelein became a director. NBB
- Antony Popelier became a director. NBB
- Filip Commeine became a director. NBB
In short
From € 1.3 million profit in 2022 to € 878,913 profit in 2025.
Paid € 2.2 million in corporate taxes since 2022.
Best year ever: 2023, with € 1.7 million profit.
Paid out € 6.4 million in dividends to the owners in total.
Management
The stake of POLCAF comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
POPPIES BAKERIES COMINESThe shares are held by POLCAF (100%).
Directors
According to the 2025 annual accounts
Frans Castelein
Director
Also active at: DE REZE BISCUIT-CHOCOLATE, POPPIES BAKERIES ZONNEBEKE, POPPIES BAKERIES, ECO BISCUITS, National International Trading Company, POPPIES BAKERIES ERTVELDE, POLCAF, PLANCKAERT - COPPENS +11 more
since 2021 · until 2027
Antony Popelier
Managing director
Also active at: Westlandia VZW, MILCAMPS, DE REZE BISCUIT-CHOCOLATE, POPPIES BAKERIES ZONNEBEKE, POPPIES BAKERIES, National International Trading Company, POPPIES BAKERIES ERTVELDE, POLCAF +11 more
since 2021 · until 2027
Filip Commeine
Director
since 2021 · until 2027
Patrick Reekmans Consulting SRL
Director · represented by Patrick Reekmans
Also active at: POPPIES BAKERIES ZONNEBEKE, POPPIES BAKERIES, DEPRO PROFILES, POPPIES BAKERIES ERTVELDE, POLCAF, HUGO WAFELS-GAUFRES HUGO, POPPIES BAKERIES D'HAUBRY, POPPIES BAKERIES SUPPLY +2 more
since 2021 · until 2026
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Linteweversstraat(KOM) 1
7780 Comines-Warneton
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0453.486.282
- VAT number
- BE 0453.486.282
- Registered office
- Linteweversstraat(KOM) 1, 7780 Comines-Warneton
- Names & denominations
- POPPIES BAKERIES COMINES · PB COMINES
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 26 September 1994
- Peppol
- Active · Active since 1 Jan 2001
- Contact
- [email protected] +32 57460200
- Activities · NACE
Vervaardiging van beschuit, biscuit en houdbaar banketbakkerswerk
Vervaardiging van beschuit en koekjes en ander houdbaar banketbakkerswerk