C.N.E.
ActiveFinancials · financial year 2025, micro format
2025 annual accounts filed 7 days after the deadline Filed on 7 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00391324.
Annual accounts 2025 filed on 07-08-2026 at the NBB all 21 filings
Turnover
≈ €990,000
Estimated: probably between €860,000 and €1.2m
Total assets
€568,434▲ 43.3%
2024 · €396,582
Net result
€135,483▼ 5.0%
2024 · €142,604
Working capital
€400,331▲ 54.8%
2024 · €258,662
In the rankings
#2 company by equity in Wommelgem, Accommodation and food service sector#3 company by total assets in Wommelgem, Accommodation and food service sector#6 oldest company in Wommelgem, Accommodation and food service sector
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€194,717
▼ 8.3%
2025
20182025
Net result
€135,483
▼ 5.0%
2025
highest quarter of the sector
20182025
Equity
€500,949
▲ 37.1%
2025
highest quarter of the sector
20182025
Total assets
€568,434
▲ 43.3%
2025
highest quarter of the sector
20182025
Debt
€67,485
▲ 117%
2025
20182025
Working capital
€400,331
▲ 54.8%
2025
highest quarter of the sector
20182025
Solvency
88.1%
▼ 4.0pp
2025
highest quarter of the sector
20182025
Current ratio
7.24
▼ 2.61
2025
highest quarter of the sector
20182025
Return on assets (ROA)
23.8%
▼ 12.1pp
2025
highest quarter of the sector
20182025
Staff (FTE)
4.9
▲ 6.5%
2025
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€27,607--€11,707-€57,037▼ 387%€60,238€124,614▲ 107%€169,589▲ 36.1%€212,453▲ 25.3%€194,717▼ 8.3%
Net result€18,565--€12,931-€59,877below the sector's middle half▼ 363%€56,994above the sector's middle half€107,618above the sector's middle half▲ 88.8%€112,453above the sector's middle half▲ 4.5%€142,604above the sector's middle half▲ 26.8%€135,483above the sector's middle half▼ 5.0%
Equity€223,305-€210,374▼ 5.8%€150,496above the sector's middle half▼ 28.5%€207,491above the sector's middle half▲ 37.9%€315,109above the sector's middle half▲ 51.9%€282,862above the sector's middle half▼ 10.2%€365,466above the sector's middle half▲ 29.2%€500,949above the sector's middle half▲ 37.1%
Total assets€246,459-€322,290▲ 30.8%€263,216above the sector's middle half▼ 18.3%€318,582above the sector's middle half▲ 21.0%€414,031above the sector's middle half▲ 30.0%€416,882above the sector's middle half▲ 0.7%€396,582above the sector's middle half▼ 4.9%€568,434above the sector's middle half▲ 43.3%
Debt€23,154-€111,917▲ 383%€112,719▲ 0.7%€111,091▼ 1.4%€98,922▼ 11.0%€134,020▲ 35.5%€31,116▼ 76.8%€67,485▲ 117%
Working capital€153,564-€135,716▼ 11.6%€40,206above the sector's middle half▼ 70.4%€95,417above the sector's middle half▲ 137%€192,559above the sector's middle half▲ 102%€164,566above the sector's middle half▼ 14.5%€258,662above the sector's middle half▲ 57.2%€400,331above the sector's middle half▲ 54.8%
Solvency90.6%-65.3%▼ 25.3pp57.2%above the sector's middle half▼ 8.1pp65.1%above the sector's middle half▲ 8.0pp76.1%above the sector's middle half▲ 11.0pp67.9%above the sector's middle half▼ 8.3pp92.2%above the sector's middle half▲ 24.3pp88.1%above the sector's middle half▼ 4.0pp
Current ratio7.63-3.95▼ 3.682.45above the sector's middle half▼ 1.502.82above the sector's middle half▲ 0.363.86above the sector's middle half▲ 1.052.29above the sector's middle half▼ 1.579.85above the sector's middle half▲ 7.567.24above the sector's middle half▼ 2.61
Return on assets (ROA)7.5%--4.0%▼ 11.5pp-22.7%below the sector's middle half▼ 18.7pp17.9%within the sector's middle half▲ 40.6pp26.0%above the sector's middle half▲ 8.1pp27.0%above the sector's middle half▲ 1.0pp36.0%above the sector's middle half▲ 9.0pp23.8%above the sector's middle half▼ 12.1pp
Staff (FTE)3.2-3.9▲ 21.9%2.9within the sector's middle half▼ 25.6%3.8▲ 31.0%3.8=4▲ 5.3%4.6▲ 15.0%4.9▲ 6.5%
above
within
below
The sector band is the middle half of the companies in Food and beverage service activities (NACE 56). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 8% lower than in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €568,434
Fixed assets
€103,947 ▼ 4.4%
Current assets
€464,487 ▲ 61.3%
Equity and liabilities €568,434
Equity
€500,949 ▲ 37.1%
Debt
€67,485 ▲ 117%
Debt's share of the balance-sheet total rises from 7.8% to 11.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€223,410▼
2024 · €245,321
Cash flow
€164,176▼
2024 · €175,472
Quick ratio
6.81▼
2024 · 8.93
Debt to equity
0.13▲
2024 · 0.09
ROE
27.0%▼
2024 · 39.0%
Interest coverage
71.57▼
2024 · 72.64
Debt ≤ 1 year
€64,156▲
2024 · €29,223
Income taxes
€56,437▼
2024 · €66,816
Staff costs
€178,191▲
2024 · €166,062
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 7 | 8 | 8 | 7 | 8 |
| full-time | 3 | 4 | 4 | 4 | 5 |
| part-time | 4 | 4 | 4 | 3 | 3 |
| in full-time equivalents | 6.4 | 6.5 | 5.6 | 5.3 | 6 |
| Average over the year, in full-time equivalents | 3.3 | 3.8 | 4 | 4.6 | 4.9 |
| On a permanent contract | 5 | 5 | 5 | 5 | 5 |
| Joined | 9 | 25 | 36 | 36 | 23 |
| Left | 6 | 24 | 36 | 37 | 22 |
Source: social balance sheet in the 2021 to 2025 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €5,548 | €13,676 | €1,500 | €16,462 | €23,942 |
| Depreciation and write-downs of the year | €30,252 | €30,098 | €30,638 | €32,868 | €28,693 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2024 · 1 entry · €2,000 awarded · €2,000 paidSchemes
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €40,655 | €7,567 | €6,635 | €18,773 | €13,051 | ▼ 30.5% |
| Remuneration, social security and pensions62 | - | - | - | €57,738 | €132,068 | €165,667 | €166,062 | €178,191 | ▲ 7.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €15,691 | €23,745 | €29,158 | €30,252 | €30,098 | €30,638 | €32,868 | €28,693 | ▼ 12.7% |
| Non-recurring operating charges66A | - | - | - | €5,604 | €2,499 | €15 | €9,081 | €13,258 | ▲ 46.0% |
| Gross operating margin9900 | €144,934 | €155,569 | €18,383 | €153,832 | €289,278 | €365,910 | €420,464 | €414,859 | ▼ 1.3% |
| Operating profit (loss)9901 | €27,607 | -€11,707 | -€57,037 | €60,238 | €124,614 | €169,589 | €212,453 | €194,717 | ▼ 8.3% |
| Financial income75/76B | - | - | - | €74 | €529 | €356 | €344 | €324 | ▼ 5.8% |
| Recurring financial income75 | €295 | €292 | €288 | €74 | €529 | €356 | €344 | €324 | ▼ 5.8% |
| Financial charges65/66B | - | - | - | €3,079 | €3,613 | €3,480 | €3,377 | €3,121 | ▼ 7.6% |
| Recurring financial charges65 | €1,716 | €1,917 | €2,883 | €3,079 | €3,613 | €3,480 | €3,377 | €3,121 | ▼ 7.6% |
| Profit (loss) for the period before taxes9903 | €26,187 | -€13,332 | -€59,633 | €57,234 | €121,529 | €166,464 | €209,420 | €191,920 | ▼ 8.4% |
| Income taxes67/77 | €7,622 | -€401 | €245 | €239 | €13,911 | €54,011 | €66,816 | €56,437 | ▼ 15.5% |
| Profit (loss) for the period9904 | €18,565 | -€12,931 | -€59,877 | €56,994 | €107,618 | €112,453 | €142,604 | €135,483 | ▼ 5.0% |
| Profit (loss) for the period to be appropriated9905 | €18,565 | -€12,931 | -€59,877 | €56,994 | €107,618 | €112,453 | €142,604 | €135,483 | ▼ 5.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €246,459 | €322,290 | €263,216 | €318,582 | €414,031 | €416,882 | €396,582 | €568,434 | ▲ 43.3% |
| Fixed assets21/28 | €69,741 | €140,610 | €195,368 | €170,664 | €154,242 | €125,104 | €108,698 | €103,947 | ▼ 4.4% |
| Tangible fixed assets22/27 | €69,741 | €140,610 | €195,368 | €170,664 | €154,242 | €125,104 | €108,698 | €103,947 | ▼ 4.4% |
| Plant, machinery and equipment23 | - | - | - | €109,495 | €101,923 | €81,634 | €72,932 | €74,464 | ▲ 2.1% |
| Furniture and vehicles24 | - | - | - | €900 | €660 | €420 | €1,326 | €3,654 | ▲ 176% |
| Leasing and similar rights25 | - | - | - | €60,269 | €51,659 | €43,050 | €34,440 | €25,830 | ▼ 25.0% |
| Current assets29/58 | €176,718 | €181,680 | €67,848 | €147,918 | €259,788 | €291,779 | €287,885 | €464,487 | ▲ 61.3% |
| Stocks and contracts in progress3 | €33,099 | €33,487 | €18,752 | €16,454 | €25,940 | €27,339 | €26,804 | €27,545 | ▲ 2.8% |
| Stocks30/36 | - | - | - | €16,454 | €25,940 | €27,339 | €26,804 | €27,545 | ▲ 2.8% |
| Amounts receivable within one year40/41 | €20,703 | €41,611 | €10,189 | €14,887 | €22,844 | €30,740 | €120,001 | €22,282 | ▼ 81.4% |
| Trade receivables40 | - | - | - | €7,128 | €12,530 | €24,434 | €21,434 | €17,332 | ▼ 19.1% |
| Other amounts receivable41 | - | - | - | €7,759 | €10,313 | €6,306 | €98,567 | €4,950 | ▼ 95.0% |
| Cash at bank and in hand54/58 | €119,416 | €100,635 | €34,449 | €113,134 | €206,759 | €225,514 | €138,445 | €411,408 | ▲ 197% |
| Deferred charges and accrued income490/1 | - | - | - | €3,442 | €4,245 | €8,186 | €2,634 | €3,251 | ▲ 23.4% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €246,459 | €322,290 | €263,216 | €318,582 | €414,031 | €416,882 | €396,582 | €568,434 | ▲ 43.3% |
| Equity10/15 | €223,305 | €210,374 | €150,496 | €207,491 | €315,109 | €282,862 | €365,466 | €500,949 | ▲ 37.1% |
| Contributions10/11 | €160,000 | €160,000 | - | €160,000 | €160,000 | €60,000 | - | - | - |
| Reserves13 | €63,305 | €63,305 | €63,305 | €63,305 | €155,109 | €222,862 | €365,466 | €500,949 | ▲ 37.1% |
| Non-distributable reserves130/1 | - | - | - | €3,165 | €3,165 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €3,165 | €3,165 | - | - | - | - |
| Distributable reserves133 | - | - | - | €60,140 | €151,944 | €222,862 | €365,466 | €500,949 | ▲ 37.1% |
| Profit (loss) carried forward14 | - | -€12,931 | -€72,809 | -€15,814 | - | - | - | - | - |
| Amounts payable17/49 | €23,154 | €111,917 | €112,719 | €111,091 | €98,922 | €134,020 | €31,116 | €67,485 | ▲ 117% |
| Amounts payable after more than one year17 | - | €65,952 | €85,078 | €58,591 | €31,693 | €5,213 | - | - | - |
| Financial debts170/4 | - | - | - | €58,591 | €31,693 | €5,213 | - | - | - |
| Amounts payable within one year42/48 | €23,154 | €45,965 | €27,642 | €52,501 | €67,229 | €127,212 | €29,223 | €64,156 | ▲ 120% |
| Current portion of amounts payable after more than one year42 | - | - | - | €26,487 | €26,898 | €26,479 | - | - | - |
| Trade debts44 | €14,554 | €15,152 | €466 | €6,499 | €22,645 | €22,580 | €11,314 | €11,327 | ▲ 0.1% |
| Suppliers440/4 | - | - | - | €6,499 | €22,645 | €22,580 | €11,314 | €11,327 | ▲ 0.1% |
| Advances received on contracts in progress46 | - | - | - | - | €700 | - | - | - | - |
| Taxes, remuneration and social security45 | - | - | - | €18,822 | €14,991 | €29,377 | €14,865 | €44,142 | ▲ 197% |
| Taxes450/3 | - | - | - | €11,494 | €5,602 | €20,261 | €5,929 | €34,272 | ▲ 478% |
| Remuneration and social security454/9 | - | - | - | €7,328 | €9,389 | €9,116 | €8,936 | €9,870 | ▲ 10.5% |
| Other amounts payable47/48 | - | - | - | €693 | €1,996 | €48,775 | €3,043 | €8,686 | ▲ 185% |
| Accrued charges and deferred income492/3 | - | - | - | - | - | €1,595 | €1,894 | €3,329 | ▲ 75.8% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €18,565 | -€12,931 | -€59,877 | €56,994 | €107,618 | €112,453 | €142,604 | €135,483 | ▼ 5.0% |
| + Depreciation and write-downs630 | €15,691 | €23,745 | €29,158 | €30,252 | €30,098 | €30,638 | €32,868 | €28,693 | ▼ 12.7% |
| Operating cash flow (approximation) | €34,256 | €10,814 | -€30,719 | €87,247 | €137,716 | €143,092 | €175,472 | €164,176 | ▼ 6.4% |
| Investment in fixed assets (approximation) | - | -€94,614 | -€83,917 | -€5,548 | -€13,676 | -€1,500 | -€16,462 | -€23,942 | ▼ 45.4% |
| Change in cash | - | -€18,781 | -€66,186 | €78,685 | €93,625 | €18,755 | -€87,069 | €272,963 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 31,368 companies had the same profile as C.N.E. has now. Two years later, 93.5% were still going and 0.5% had gone bankrupt.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
93.5%
was still going
5.9%
stopped otherwise
0.5%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of C.N.E. itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 31,368 companies, not a prediction for C.N.E.. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 21 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 07-08-2026 | 2026-00391324 | |
| 31-12-2024 | micro format | 27-08-2025 | 2025-00474559 | |
| 31-12-2023 | micro format | 19-09-2024 | 2024-00474327 | |
| 31-12-2022 | micro format | 11-09-2023 | 2023-00444925 | |
| 31-12-2021 | micro format | 04-10-2022 | 2022-20449457 | |
| 31-12-2020 | micro format | 22-09-2021 | 2021-68100001 | |
| 31-12-2019 | micro format | 02-09-2020 | 2020-50000046 | |
| 31-12-2018 | micro format | 31-08-2019 | 2019-60600127 | |
| 31-12-2017 | micro format | 27-08-2018 | 2018-51100041 | |
| 31-12-2016 | micro format | 07-09-2017 | 2017-60600196 |