CANAL OOST
ActiveSummary
The computed 12-month bankruptcy probability of CANAL OOST is 1.8% (moderate). The 2025 annual accounts show equity of €226k and a net result of €-23k. Equity is growing by ~14.8% per year across the filed fiscal years. Its solvency ranks better than 46% of 3674 sector peers (fiscal year 2025). The company has been active since 1985 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
53
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability58▼-30
Solvency51▼-6
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
1.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €11k at 30 days acceptable
Liquidity short (current ratio 0.9 against 1.25 in 2024; short-term debt: 65.4% and cash: 21.7% of total assets), and 74.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Sector 56
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 01-04-2026, 29 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
29 d early
2024
on the day
2023
4 d early
2022
22 d early
2021
2 d early
2020
on the day
2019
6 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€226k▼ 9.3%
2024 · €249k
2018: €130k
2019: €113k
2020: €-15k
2021: €115k
2022: €181k
2023: €131k
2024: €249k
2018 → 2025
Total assets
€876k▲ 13.6%
2024 · €771k
2018: €519k
2019: €517k
2020: €514k
2021: €541k
2022: €578k
2023: €627k
2024: €771k
2018 → 2025
Net result
€-23k
2024 · €118k
2018: €24k
2019: €-17k
2020: €-128k
2021: €130k
2022: €106k
2023: €17k
2024: €118k
2018 → 2025
Working capital
€-57k
2024 · €120k
2018: €-21k
2019: €210
2020: €-107k
2021: €122k
2022: €139k
2023: €65k
2024: €120k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€115k-€181k▲ 58.1%€131k▼ 27.6%€249k▲ 89.6%€226k▼ 9.3%
Operating result€132k-€125k▼ 6.0%€31k▼ 75.0%€181k▲ 482%€-11k
Net result€130k-€106k▼ 18.5%€17k▼ 84.2%€118k▲ 604%€-23k
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 turns negative in 2025: a loss of €11k after €181k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €876k
Fixed assets
€360k ▲ 109%
Current assets
€516k ▼ 13.9%
Equity and liabilities €876k
Equity
€226k ▼ 9.3%
Debt
€650k ▲ 24.5%
Debt's share of the balance-sheet total rises from 67.7% to 74.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€60k▼
2024 · €230k
Cash flow
€48k▼
2024 · €167k
Current ratio
0.90▼
2024 · 1.25
Quick ratio
0.72▼
2024 · 1.15
Debt to equity
2.88▲
2024 · 2.10
ROE
-10.3%▼
2024 · 47.3%
ROA
-2.7%▼
2024 · 15.3%
Interest coverage
5.13▼
2024 · 28.04
Debt ≤ 1 year
€573k▲
2024 · €479k
Debt > 1 year
€76k▲
2024 · €42k
Income taxes
€2k▼
2024 · €56k
Staff costs
€1.71M▲
2024 · €1.53M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 62 lines
Balance sheet
Code20242025
Assets
Total assets20/58€771k€876k▲
Fixed assets21/28€172k€360k▲
Intangible fixed assets21-€16k
Tangible fixed assets22/27€167k€339k▲
Land and buildings22€0-
Plant, machinery and equipment23€102k€147k▲
Furniture and vehicles24€59k€55k▼
Other tangible fixed assets26€6k€136k▲
Financial fixed assets28€5k€5k▲
Current assets29/58€599k€516k▼
Stocks and contracts in progress3€50k€102k▲
Stocks30/36€50k€102k▲
Amounts receivable within one year40/41€267k€182k▼
Trade receivables40€235k€97k▼
Other amounts receivable41€32k€85k▲
Cash at bank and in hand54/58€229k€190k▼
Deferred charges and accrued income490/1€53k€42k▼
Equity and liabilities
Total equity and liabilities10/49€771k€876k▲
Equity10/15€249k€226k▼
Contributions10/11€19k€19k=
Reserves13€230k€230k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€3k€3k=
Distributable reserves133€225k€225k=
Profit (loss) carried forward14€23€-23k▼
Amounts payable17/49€522k€650k▲
Amounts payable after more than one year17€42k€76k▲
Financial debts170/4€42k€76k▲
Amounts payable within one year42/48€479k€573k▲
Current portion of amounts payable after more than one year42€52k€46k▼
Financial debts43-€22k
Credit institutions430/8-€22k
Trade debts44€230k€321k▲
Suppliers440/4€230k€321k▲
Taxes, remuneration and social security45€197k€182k▼
Taxes450/3€44k€17k▼
Remuneration and social security454/9€153k€165k▲
Other amounts payable47/48€0€2k▲
Accrued charges and deferred income492/3€1k€1k▼
Income statement
Code20242025
Remuneration, social security and pensions62€1.53M€1.71M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€49k€71k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€468€0▼
Other operating charges640/8€17k€5k▼
Gross operating margin9900€1.78M€1.77M▼
Operating profit (loss)9901€181k€-11k▼
Financial income75/76B€788€2k▲
Recurring financial income75€788€2k▲
Financial charges65/66B€8k€12k▲
Recurring financial charges65€8k€12k▲
Profit (loss) for the period before taxes9903€174k€-21k▼
Income taxes67/77€56k€2k▼
Profit (loss) for the period9904€118k€-23k▼
Profit (loss) for the period to be appropriated9905€118k€-23k▼
Appropriation of the result
Profit (loss) to be appropriated9906€118k€-23k▼
Profit (loss) brought forward from the previous period14P€23€23=
Transfer from equity791/2€0€9▲
Transfer to equity691/2€118k€0▼
To other reserves6921€118k€0▼
Profit to be distributed694/7€0-
Return on contributions (dividend)694€0-
Social balance
Average headcount (FTE)9087-31.1
The notes to these accounts (18 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
01-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-09
Financial
Equity above €200kEq €249k ▲89.6%
4 profitable years in a row build equity to €249k.
26-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
08-04
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-09
Financial
Equity above €150kEq €181k ▲58.1%
2 profitable years in a row build equity to €181k.
28-04
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-09
Financial
Back to profitnet €130k
Net result €130k after 2 loss-making years.
30-09
Financial
Equity above €100kEq €115k
Equity rises from €-15k to €115k.
30-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-09
Financial
Weakest financial yearnet €-128k
Net result drops to €-128k, the lowest in the series; recovery starts the following year.
24-04
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Show earlier events
2019
26-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
27-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
29-04
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
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, Oostende · 3 establishment units since 1963
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.
Hendrik Serruyslaan 188400 OostendeGround area
1,225 m²
Building footprint
765 m²
Volume, LiDAR
14,134 m³
3 parcels, Flanders · tallest building 24.6 m, ±7 floors. Linked by address, not a title deed.
3 establishment units
CultuurCafé De Grote Post
since 19632.028.364.129
Wittenonnenstraat 63, 8400 Oostende
since 20222.331.908.407
Lorre Gent
since 20242.365.717.855
3 parcels
Flanders
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44803C0829/00K000 | Flanders | 1,001 m² | 1 · 543 m² | 23.6 m · 7 fl. |
| 35013A0970/00C000 | Flanders | 138 m² | 1 · 138 m² | 23.7 m · 7 fl. |
| 35013A0966/00C000 | Flanders | 85 m² | 1 · 83 m² | 24.6 m · 6 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 2
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Public money · subsidies and aid
Flemish government
2022 to 2025 · 5 entries · 5,787 EUR awarded · 5,787 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 1,323 EUR | 1,323 EUR |
| 2024 | 1 | 1,983 EUR | 1,983 EUR |
| 2023 | 1 | 2,157 EUR | 2,157 EUR |
| 2022 | 1 | 324 EUR | 324 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Premie kwalificerend werkplekleren
Recognitions · licences · registrations
Food safety, FASFC
3 sites · 3 with a smileyGent2.365.717.855
Oostende2.028.364.129
Oostende2.331.908.407
Dual-learning approval
5 live approvalsHulpkelner (vwo)
Hulpkelner duaal (so)
Keukenmedewerker (vwo)
Keukenmedewerker duaal (so)
Restaurant en keuken duaal (so)
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Mémé Gusta
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Of 20,493 companies in sector 56111 we hold annual accounts for 11,461. 8,290 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded06-09-1985
Fiscal year end30-09
Activities, NACEBEL 2025
56111Full-service restaurants
56301Cafés and bars
10850Manufacture of food products
47110Non-specialised retail sale with food, beverages or tobacco predominating
56210Event catering
Sources
Crossroads Bank for EnterprisesNational Bank · 40 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.