CANNAERT
ActiveSummary
The annual accounts of CANNAERT for fiscal year 2025 show a net loss of 85% of the equity at the start of that year. The 2025 annual accounts show equity of €41k and a net result of €-227k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 25% of 1554 sector peers (fiscal year 2025). The company has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-82
Solvency30▼-24
Growth32▼-46
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.63 against 1.01 in 2024; short-term debt: 44.8% and cash: 1% of total assets), and 95% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six 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 10
Relative position
BE, all sectors
reference
Manufacture of food products (NACE 10)
about 60% more bankruptcies
← 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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
5%
Return on assets
-27.6%
Age of the figures
15 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 25% of 1554 sector peers (2025).
NBB · sector comparisonPosition among 1554 sector peers
Solvency
better than 25%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 30-01-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
73 d early
2023
8 d late
2022
53 d early
2021
54 d early
2020
1 d late
2019
17 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 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close25-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€41k▼ 84.8%
2024 · €268k
2019: €74k
2020: €155k▲ +109% vs 2019
2021: €165k▲ +6.1% vs 2020
2022: €68k▼ -58.7% vs 2021
2023: €172k▲ +152% vs 2022
2024: €268k▲ +56.0% vs 2023highest in 7 years
2025: €41k▼ -84.8% vs 2024lowest in 7 years
2019 → 2025
Total assets
€822k▼ 9.8%
2024 · €911k
2019: €417klowest in 7 years
2020: €631k▲ +51.3% vs 2019
2021: €663k▲ +5.0% vs 2020
2022: €577k▼ -12.9% vs 2021
2023: €649k▲ +12.6% vs 2022
2024: €911k▲ +40.3% vs 2023highest in 7 years
2025: €822k▼ -9.8% vs 2024
2019 → 2025
Net result
€-227k
2024 · €96k
2019: €-23k
2020: €102k▲ +550% vs 2019
2021: €25k▼ -75.0% vs 2020
2022: €-97k▼ -482% vs 2021
2023: €104k▲ +207% vs 2022highest in 7 years
2024: €96k▼ -7.2% vs 2023
2025: €-227k▼ -336% vs 2024lowest in 7 years
2019 → 2025
Working capital
€-137k
2024 · €6k
2019: €-30k
2020: €17k▲ +155% vs 2019highest in 7 years
2021: €-316k▼ -1995% vs 2020
2022: €-359k▼ -13.5% vs 2021lowest in 7 years
2023: €-198k▲ +44.9% vs 2022
2024: €6k▲ +103% vs 2023
2025: €-137k▼ -2586% vs 2024
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€165k-€68k▼ 58.7%€172k▲ 152%€268k▲ 56.0%€41k▼ 84.8%
2021: €165k
2022: €68k▼ -58.7% vs 2021
2023: €172k▲ +152% vs 2022
2024: €268k▲ +56.0% vs 2023highest in 5 years
2025: €41k▼ -84.8% vs 2024lowest in 5 years
Operating result€31k-€-93k€108k€131k▲ 21.4%€-226k
2021: €31k
2022: €-93k▼ -399% vs 2021
2023: €108k▲ +216% vs 2022
2024: €131k▲ +21.4% vs 2023highest in 5 years
2025: €-226k▼ -273% vs 2024lowest in 5 years
Net result€25k-€-97k€104k€96k▼ 7.2%€-227k
2021: €25k
2022: €-97k▼ -482% vs 2021
2023: €104k▲ +207% vs 2022highest in 5 years
2024: €96k▼ -7.2% vs 2023
2025: €-227k▼ -336% vs 2024lowest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €226k after €131k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €822k
Fixed assets
€591k ▲ 96.5%
Current assets
€231k ▼ 62.2%
Equity and liabilities €822k
Equity
€41k ▼ 84.8%
Provisions
€28k ▼ 4.1%
Debt
€753k ▲ 22.6%
Debt's share of the balance-sheet total rises from 67.4% to 91.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-207k▼
2024 · €188k
Cash flow
€-207k▼
2024 · €153k
Current ratio
0.63▼
2024 · 1.01
Quick ratio
0.04▼
2024 · 0.39
Debt to equity
18.45▲
2024 · 2.29
ROE
-556.0%▼
2024 · 35.9%
ROA
-27.6%▼
2024 · 10.5%
Interest coverage
-218.30▼
2024 · 56.94
Debt ≤ 1 year
€368k▼
2024 · €604k
Debt > 1 year
€385k▲
2024 · €9k
Income taxes
€2k▼
2024 · €3k
Staff costs
€58
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 · 55 lines
Balance sheet
Code20242025
Assets
Total assets20/58€911k€822k▼
Fixed assets21/28€301k€591k▲
Tangible fixed assets22/27€301k€591k▲
Land and buildings22-€475k
Plant, machinery and equipment23€11k€22k▲
Furniture and vehicles24€2k€55k▲
Other tangible fixed assets26€288k€40k▼
Current assets29/58€610k€231k▼
Stocks and contracts in progress3€376k€214k▼
Stocks30/36€376k€214k▼
Amounts receivable within one year40/41€51k€8k▼
Trade receivables40€51k€3k▼
Other amounts receivable41€301€5k▲
Cash at bank and in hand54/58€183k€9k▼
Equity and liabilities
Total equity and liabilities10/49€911k€822k▼
Equity10/15€268k€41k▼
Contributions10/11€56k€56k=
Reserves13€100k€96k▼
Tax-exempt reserves132€88k€84k▼
Distributable reserves133€12k€12k=
Profit (loss) carried forward14€112k€-112k▼
Provisions and deferred taxes16€29k€28k▼
Deferred taxes168€29k€28k▼
Amounts payable17/49€614k€753k▲
Amounts payable after more than one year17€9k€385k▲
Financial debts170/4€9k€385k▲
Amounts payable within one year42/48€604k€368k▼
Current portion of amounts payable after more than one year42€18k€31k▲
Trade debts44€323k€3k▼
Suppliers440/4€323k€3k▼
Taxes, remuneration and social security45€18k€15k▼
Taxes450/3€4k€714▼
Remuneration and social security454/9€14k€14k=
Other amounts payable47/48€245k€319k▲
Income statement
Code20242025
Non-recurring operating income76A€118k-
Remuneration, social security and pensions62-€58
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€57k€19k▼
Other operating charges640/8€2k€60k▲
Non-recurring operating charges66A-€236k
Gross operating margin9900€191k€89k▼
Operating profit (loss)9901€131k€-226k▼
Financial income75/76B€461€1k▲
Recurring financial income75€461€1k▲
Financial charges65/66B€3k€948▼
Recurring financial charges65€3k€948▼
Profit (loss) for the period before taxes9903€128k€-226k▼
Transfer from deferred taxes780-€1k
Transfer to deferred taxes680€29k-
Income taxes67/77€3k€2k▼
Profit (loss) for the period9904€96k€-227k▼
Transfer from tax-exempt reserves789-€4k
Transfer to tax-exempt reserves689€88k-
Profit (loss) for the period to be appropriated9905€8k€-223k▼
Appropriation of the result
Profit (loss) to be appropriated9906€112k€-112k▼
Profit (loss) brought forward from the previous period14P€104k€112k▲
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €118k | - | - |
| Remuneration, social security and pensions62 | - | - | - | - | €58 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €74k | €75k | €76k | €57k | €19k | ▼ 66.0% |
| Other operating charges640/8 | - | €2k | €3k | €2k | €60k | ▲ 2,561% |
| Non-recurring operating charges66A | - | - | - | - | €236k | - |
| Gross operating margin9900 | €108k | €-16k | €187k | €191k | €89k | ▼ 53.2% |
| Operating profit (loss)9901 | €31k | €-93k | €108k | €131k | €-226k | ▼ 273% |
| Financial income75/76B | - | €1 | €82 | €461 | €1k | ▲ 169% |
| Recurring financial income75 | €2 | €1 | €82 | €461 | €1k | ▲ 169% |
| Financial charges65/66B | - | €3k | €3k | €3k | €948 | ▼ 71.3% |
| Recurring financial charges65 | €4k | €3k | €3k | €3k | €948 | ▼ 71.3% |
| Profit (loss) for the period before taxes9903 | €27k | €-96k | €106k | €128k | €-226k | ▼ 276% |
| Transfer from deferred taxes780 | - | - | - | - | €1k | - |
| Transfer to deferred taxes680 | - | - | - | €29k | - | - |
| Income taxes67/77 | €2k | €396 | €2k | €3k | €2k | ▼ 29.5% |
| Profit (loss) for the period9904 | €25k | €-97k | €104k | €96k | €-227k | ▼ 336% |
| Transfer from tax-exempt reserves789 | - | - | - | - | €4k | - |
| Transfer to tax-exempt reserves689 | - | - | - | €88k | - | - |
| Profit (loss) for the period to be appropriated9905 | €25k | €-97k | €104k | €8k | €-223k | ▼ 2,908% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €663k | €577k | €649k | €911k | €822k | ▼ 9.8% |
| Fixed assets21/28 | €542k | €472k | €397k | €301k | €591k | ▲ 96.5% |
| Tangible fixed assets22/27 | €542k | €472k | €397k | €301k | €591k | ▲ 96.5% |
| Land and buildings22 | - | €190k | €186k | - | €475k | - |
| Plant, machinery and equipment23 | - | €14k | €13k | €11k | €22k | ▲ 102% |
| Furniture and vehicles24 | - | €9k | €5k | €2k | €55k | ▲ 2,491% |
| Other tangible fixed assets26 | - | €259k | €193k | €288k | €40k | ▼ 86.1% |
| Current assets29/58 | €120k | €105k | €253k | €610k | €231k | ▼ 62.2% |
| Stocks and contracts in progress3 | €101k | €90k | €182k | €376k | €214k | ▼ 43.0% |
| Stocks30/36 | - | €90k | €182k | €376k | €214k | ▼ 43.0% |
| Amounts receivable within one year40/41 | €17k | €15k | €57k | €51k | €8k | ▼ 84.8% |
| Trade receivables40 | - | €7k | €57k | €51k | €3k | ▼ 94.8% |
| Other amounts receivable41 | - | €8k | €301 | €301 | €5k | ▲ 1,601% |
| Cash at bank and in hand54/58 | €2k | €1k | €13k | €183k | €9k | ▼ 95.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €663k | €577k | €649k | €911k | €822k | ▼ 9.8% |
| Equity10/15 | €165k | €68k | €172k | €268k | €41k | ▼ 84.8% |
| Contributions10/11 | - | €56k | €56k | €56k | €56k | = |
| Reserves13 | €108k | €12k | €12k | €100k | €96k | ▼ 3.7% |
| Tax-exempt reserves132 | - | - | - | €88k | €84k | ▼ 4.1% |
| Distributable reserves133 | - | €12k | €12k | €12k | €12k | = |
| Profit (loss) carried forward14 | €-74k | - | €104k | €112k | €-112k | ▼ 200% |
| Provisions and deferred taxes16 | - | - | - | €29k | €28k | ▼ 4.1% |
| Deferred taxes168 | - | - | - | €29k | €28k | ▼ 4.1% |
| Amounts payable17/49 | €498k | €509k | €478k | €614k | €753k | ▲ 22.6% |
| Amounts payable after more than one year17 | €62k | €45k | €28k | €9k | €385k | ▲ 3,988% |
| Financial debts170/4 | - | €45k | €28k | €9k | €385k | ▲ 3,988% |
| Amounts payable within one year42/48 | €436k | €464k | €450k | €604k | €368k | ▼ 39.1% |
| Current portion of amounts payable after more than one year42 | - | €17k | €17k | €18k | €31k | ▲ 71.6% |
| Trade debts44 | €50k | €75k | €46k | €323k | €3k | ▼ 99.1% |
| Suppliers440/4 | - | €75k | €46k | €323k | €3k | ▼ 99.1% |
| Taxes, remuneration and social security45 | - | €3k | €22k | €18k | €15k | ▼ 16.4% |
| Taxes450/3 | - | - | €15k | €4k | €714 | ▼ 80.4% |
| Remuneration and social security454/9 | - | €3k | €7k | €14k | €14k | = |
| Other amounts payable47/48 | - | €370k | €365k | €245k | €319k | ▲ 30.1% |
| Accrued charges and deferred income492/3 | - | - | €89 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €25k | €-97k | €104k | €96k | €-227k | ▼ 336% |
| + Depreciation and write-downs630 | €74k | €75k | €76k | €57k | €19k | ▼ 66.0% |
| Operating cash flow (approximation) | €100k | €-21k | €179k | €153k | €-207k | ▼ 235% |
| Investment in fixed assets (approximation) | - | €-5k | €-876 | €39k | €-310k | ▼ 901% |
| Change in cash | - | €-569 | €12k | €169k | €-174k | ▼ 203% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial
Weakest financial yearnet €-227k
Net result drops to €-227k, the lowest in the series.
2024
19-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
30-06
Financial
Equity above €200kEq €268k ▲56%
2 profitable years in a row build equity to €268k.
08-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 8 days late
2023
30-06
Financial
Back to profitnet €104k
Net result €104k after one loss-making year.
30-06
Financial
Equity above €150kEq €172k ▲152%
Equity rises from €68k to €172k.
2022
09-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
08-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
01-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 1 day late
2020
30-06
Financial
Back to profitnet €102k
Net result €102k after one loss-making year.
30-06
Financial
Equity above €150kEq €155k ▲109%
Equity rises from €74k to €155k.
Show earlier events
14-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
12-02
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 12 days late
2018
10-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 38 days late
2017
06-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 34 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
7 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, Heuvelland · 2 establishment units since 2006
Ground area
1,299 m²
Building footprint
425 m²
Volume, LiDAR
1,994 m³
2 parcels, Flanders · tallest building 7.5 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
BRUNNAERT
since 20062.150.984.205
CANNAERT
since 20222.337.630.417
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 33032D0233/00N000 | Flanders | 724 m² | 1 · 314 m² | 7.2 m · 1 fl. |
| 33302B0120/00S000 | Flanders | 575 m² | 1 · 112 m² | 7.5 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
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BE 0567.809.591
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DELICES DES WALEFFES
BE 0536.540.058
Faimes · Eq €40,025
GLACIER COCOZZA
BE 0455.988.882
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IJssloeberke Productie
BE 0415.905.514
Kasterlee · Eq €42,144
Of 611 companies in sector 10520 we hold annual accounts for 236. 192 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded15-12-2005
Fiscal year end30-06
Activities, NACEBEL 2025
10520Manufacture of food products
01620Support activities for animal production
Scores and ratios are computed by Checked and are not a credit decision.