CANELAS
ActiveCANELAS has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €151k and a net result of €8k. Equity is growing by ~6.5% per year across the filed fiscal years. Its solvency ranks better than 83% of 7431 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2025
83
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability74▲+4
Solvency100▲+12
Growth52=
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €12k at 30 days acceptable
Liquidity ample (current ratio 4.62 against 2.84 in 2024; short-term debt: 18.2% and cash: 38.7% of total assets), and 24.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight 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 41
Relative position
BE, all sectors
reference
Sector 41
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
75.4%
Return on assets
4.1%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-08-2026, 24 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
24 d late
2024
13 d early
2023
29 d late
2022
8 d late
2021
12 d late
2020
24 d late
2019
83 d late
← before the deadline
after the deadline →
neutral · 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.
Companies Code · seven monthsPosition in the running window
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€151k▲ 5.8%
2024 · €143k
2018: €96k
2019: €98k
2020: €107k
2021: €120k
2022: €131k
2023: €136k
2024: €143k
2018 → 2025
Total assets
€201k▼ 11.3%
2024 · €226k
2018: €147k
2019: €140k
2020: €124k
2021: €175k
2022: €173k
2023: €214k
2024: €226k
2018 → 2025
Net result
€8k▲ 17.9%
2024 · €7k
2018: €20k
2019: €2k
2020: €10k
2021: €13k
2022: €11k
2023: €5k
2024: €7k
2018 → 2025
Working capital
€132k▲ 11.1%
2024 · €119k
2018: €89k
2019: €91k
2020: €103k
2021: €111k
2022: €121k
2023: €125k
2024: €119k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€120k-€131k▲ 8.8%€136k▲ 4.2%€143k▲ 5.2%€151k▲ 5.8%
Operating result€22k-€20k▼ 9.1%€12k▼ 41.0%€15k▲ 25.6%€19k▲ 27.0%
Net result€13k-€11k▼ 17.0%€5k▼ 48.1%€7k▲ 28.7%€8k▲ 17.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 27% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €200k
Fixed assets
€32k▼ 24.9%
Current assets
€168k▼ 8.2%
Equity and liabilities €201k
Equity
€151k▲ 5.8%
Debt
€49k▼ 40.8%
The debt ratio falls from 36.8% to 24.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€32k▲
2024 · €23k
Cash flow
€21k▲
2024 · €15k
Solvency
75.4%▲
2024 · 63.2%
Current ratio
4.62▲
2024 · 2.84
Quick ratio
4.60▲
2024 · 2.83
Debt / equity
0.33▼
2024 · 0.58
ROE
5.5%▲
2024 · 4.9%
ROA
4.1%▲
2024 · 3.1%
Interest coverage
10.49▲
2024 · 5.70
Debt
€49k▼
2024 · €83k
Debt ≤ 1 year
€36k▼
2024 · €65k
Debt > 1 year
€13k▼
2024 · €19k
Income taxes
€7k▲
2024 · €4k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€226k€201k▼
Formation expenses20€911€672▼
Fixed assets21/28€42k€32k▼
Tangible fixed assets22/27€42k€32k▼
Furniture and vehicles24€29k€27k▼
Leasing and similar rights25€13k€4k▼
Current assets29/58€183k€168k▼
Stocks and contracts in progress3€589€804▲
Stocks30/36€589€804▲
Amounts receivable within one year40/41€110k€66k▼
Trade receivables40€101k€63k▼
Other amounts receivable41€9k€3k▼
Cash at bank and in hand54/58€71k€78k▲
Deferred charges and accrued income490/1€2k€23k▲
Equity and liabilities
Total equity and liabilities10/49€226k€201k▼
Equity10/15€143k€151k▲
Contributions10/11€7k€7k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€134k€143k▲
Amounts payable17/49€83k€49k▼
Amounts payable after more than one year17€19k€13k▼
Financial debts170/4€19k€13k▼
Amounts payable within one year42/48€65k€36k▼
Current portion of amounts payable after more than one year42€13k€5k▼
Trade debts44€42k€21k▼
Suppliers440/4€42k€21k▼
Taxes, remuneration and social security45€10k€10k▲
Taxes450/3€6k€7k▲
Remuneration and social security454/9€4k€3k▼
Other amounts payable47/48€41€41=
Accrued charges and deferred income492/3-€424
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€13k▲
Other operating charges640/8€1k€455▼
Non-recurring operating charges66A€2k€156▼
Gross operating margin9900€26k€32k▲
Operating profit (loss)9901€15k€19k▲
Financial income75/76B€61€153▲
Recurring financial income75€61€153▲
Financial charges65/66B€4k€3k▼
Recurring financial charges65€4k€3k▼
Profit (loss) for the period before taxes9903€11k€16k▲
Income taxes67/77€4k€7k▲
Profit (loss) for the period9904€7k€8k▲
Profit (loss) for the period to be appropriated9905€7k€8k▲
Appropriation of the result
Profit (loss) to be appropriated9906€134k€143k▲
Profit (loss) brought forward from the previous period14P€127k€134k▲
The notes to these accounts (11 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
24-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 24 days late
2025
31-12
Financial
Equity above €150kEq €151k ▲5.8%
8 profitable years in a row build equity to €151k.
18-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
08-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 8 days late
2022
12-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 12 days late
2021
24-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 24 days late
2020
31-12
Financial
Liquidity doublescurrent ratio 7.11
Current ratio from 3.25 to 7.11; short-term debt falls from €41k to €17k.
31-12
Financial
Equity above €100kEq €107k ▲9.9%
3 profitable years in a row build equity to €107k.
22-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 83 days late
2019
31-12
Financial
Weakest financial yearnet €2k ▼91.8%
Net result drops to €2k, the lowest in the series; recovery starts the following year.
06-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 6 days late
2018
26-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
16-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 16 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Schaarbeek · 2 establishment units since 1992
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.
Leuvensesteenweg 4461030 SchaarbeekGround area
314 m²
Building footprint
319 m²
Volume, LiDAR
3,648 m³
2 parcels, Brussels · tallest building 26.1 m, ±7 floors. Linked by address, not a title deed.
2 establishment units
CANELAS SPRL
since 19922.056.601.225
Canelas
since 20182.271.400.005
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21905C0083/00Y003 | Brussels | 249 m² | 1 · 245 m² | 17.9 m · 2 fl. |
| 21562A0078/00G006 | Brussels | 65 m² | 1 · 73 m² | 26.1 m · 7 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Recognised contractor
2 categoriesCANELAS SRL41168
Food safety, FASFC
1 siteSint-Gillis2.271.400.005
Similar companies · same sector, comparable size
ALGEMENE ONDERNEMINGEN KALLAERT - ENTREPRISES GENERALES KALLAERT
BE 0413.857.923
Gent · Eq €151k
ENTREPRISE GENERALE JACQUES NANDRIN
BE 0461.446.420
Clavier · Eq €151k
MIGECO
BE 0675.428.222
Putte · Eq €151k
NOUGIMMO
BE 0440.765.822
Waterloo · Eq €151k
BEQA
BE 0466.189.225
Antwerpen · Eq €151k
Of 29,801 companies in sector 41001 we hold annual accounts for 16,045. 12,627 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded17-02-1992
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
45211
56301Cafés and bars
Sources
Crossroads Bank for EnterprisesNational Bank · 34 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.