CABANE
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 10-07-2026 at the NBB all 39 filings
Turnover
≈ €320,000
Estimated: probably between €260,000 and €380,000
Total assets
€64,351▲ 34.9%
2024 · €47,686
Net result
€18,846▲ 111%
2024 · €8,916
Working capital
€26,302▲ 512%
2024 · €4,297
In the rankings
#8 oldest company in Lier, Accommodation and food service sector
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€20,122
▲ 116%
2025
20182025
Net result
€18,846
▲ 111%
2025
middle half of the sector
20182025
Equity
€38,028
▲ 98.2%
2025
middle half of the sector
20182025
Total assets
€64,351
▲ 34.9%
2025
middle half of the sector
20182025
Debt
€26,322
▼ 7.7%
2025
20182025
Working capital
€26,302
▲ 512%
2025
middle half of the sector
20182025
Solvency
59.1%
▲ 18.9pp
2025
highest quarter of the sector
20182025
Current ratio
2.06
▲ 0.90
2025
middle half of the sector
20182025
Return on assets (ROA)
29.3%
▲ 10.6pp
2025
highest quarter of the sector
20182025
Staff (FTE)
2.1
▼ 16.0%
2025
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result-€26,612--€18,591▲ 30.1%€13,531€5,231▼ 61.3%-€57,945-€20,551▲ 64.5%€9,326€20,122▲ 116%
Net result-€30,621--€19,459▲ 36.5%€12,755within the sector's middle half€5,006within the sector's middle half▼ 60.8%-€59,077below the sector's middle half-€21,445below the sector's middle half▲ 63.7%€8,916within the sector's middle half€18,846within the sector's middle half▲ 111%
Equity€92,486-€73,027▼ 21.0%€85,782above the sector's middle half▲ 17.5%€90,788above the sector's middle half▲ 5.8%€31,711within the sector's middle half▼ 65.1%€10,266within the sector's middle half▼ 67.6%€19,182within the sector's middle half▲ 86.9%€38,028within the sector's middle half▲ 98.2%
Total assets€200,240-€137,998▼ 31.1%€151,938within the sector's middle half▲ 10.1%€148,062within the sector's middle half▼ 2.6%€45,675below the sector's middle half▼ 69.2%€37,098below the sector's middle half▼ 18.8%€47,686below the sector's middle half▲ 28.5%€64,351within the sector's middle half▲ 34.9%
Debt€107,754-€64,971▼ 39.7%€66,155▲ 1.8%€57,274▼ 13.4%€13,964▼ 75.6%€26,832▲ 92.2%€28,504▲ 6.2%€26,322▼ 7.7%
Working capital€137,205-€29,379▼ 78.6%€37,022above the sector's middle half▲ 26.0%€32,106within the sector's middle half▼ 13.3%€17,701within the sector's middle half▼ 44.9%-€12,005within the sector's middle half€4,297within the sector's middle half€26,302within the sector's middle half▲ 512%
Solvency46.2%-52.9%▲ 6.7pp56.5%within the sector's middle half▲ 3.5pp61.3%above the sector's middle half▲ 4.9pp69.4%above the sector's middle half▲ 8.1pp27.7%within the sector's middle half▼ 41.8pp40.2%within the sector's middle half▲ 12.6pp59.1%above the sector's middle half▲ 18.9pp
Current ratio2.332.12within the sector's middle half▼ 0.212.16within the sector's middle half▲ 0.042.39above the sector's middle half▲ 0.230.53within the sector's middle half▼ 1.861.15within the sector's middle half▲ 0.622.06within the sector's middle half▲ 0.90
Return on assets (ROA)-15.3%--14.1%▲ 1.2pp8.4%within the sector's middle half▲ 22.5pp3.4%within the sector's middle half▼ 5.0pp-129.3%below the sector's middle half▼ 132.7pp-57.8%below the sector's middle half▲ 71.5pp18.7%above the sector's middle half▲ 76.5pp29.3%above the sector's middle half▲ 10.6pp
Staff (FTE)1-1.9▲ 90.0%1.9within the sector's middle half=0.8▼ 57.9%1.6▲ 100%3▲ 87.5%2.5▼ 16.7%2.1▼ 16.0%
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 116% higher than in 2024 and the highest since 2021. It is the third rise in a row, after the fall in 2022.
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 €64,351
Fixed assets
€13,141 ▼ 14.7%
Current assets
€51,210 ▲ 58.6%
Equity and liabilities €64,351
Equity
€38,028 ▲ 98.2%
Debt
€26,322 ▼ 7.7%
Debt's share of the balance-sheet total falls from 59.8% to 40.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€25,642▲
2024 · €14,713
Cash flow
€24,366▲
2024 · €14,303
Quick ratio
1.98▲
2024 · 0.93
Debt to equity
0.69▼
2024 · 1.49
ROE
49.6%▲
2024 · 46.5%
Interest coverage
over 100▲
2024 · 40.32
Debt ≤ 1 year
€24,907▼
2024 · €27,984
Income taxes
€1,199▲
2024 · €54
Staff costs
€80,750▼
2024 · €87,236
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 | - | 1 | 2 | 1 | 1 |
| full-time | - | 1 | 2 | 1 | 1 |
| part-time | - | - | 0 | 0 | 0 |
| in full-time equivalents | - | 1 | 2 | 1 | 1 |
| Average over the year, in full-time equivalents | 0.8 | 1.6 | 3 | 2.5 | 2.1 |
| On a permanent contract | - | 1 | 2 | 1 | 1 |
| Joined | - | 376 | 369 | 373 | 439 |
| Left | - | 375 | 368 | 374 | 439 |
Source: social balance sheet in the 2021 to 2025 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €16,157 | €1,098 | €8,635 | - | €3,200 |
| Financial fixed assets | €40 | - | €7,680 | - | €0 |
| Depreciation and write-downs of the year | €9,634 | €11,912 | €7,953 | €5,387 | €5,520 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2022 · 1 entry · €2,000 awarded · €2,000 paidSchemes
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €52,508 | €59,105 | €114,661 | €87,236 | €80,750 | ▼ 7.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €20,464 | €7,553 | €7,866 | €9,634 | €11,912 | €7,953 | €5,387 | €5,520 | ▲ 2.5% |
| Other operating charges640/8 | - | - | - | €1,791 | €1,828 | €1,637 | €5,266 | €2,440 | ▼ 53.7% |
| Non-recurring operating charges66A | - | - | - | - | €62,244 | €0 | - | - | - |
| Gross operating margin9900 | €25,635 | €28,928 | €66,476 | €69,164 | €77,143 | €103,700 | €107,215 | €108,832 | ▲ 1.5% |
| Operating profit (loss)9901 | -€26,612 | -€18,591 | €13,531 | €5,231 | -€57,945 | -€20,551 | €9,326 | €20,122 | ▲ 116% |
| Financial income75/76B | - | - | - | €113 | €0 | €1 | €10 | €88 | ▲ 805% |
| Recurring financial income75 | €740 | - | €59 | €113 | €0 | €1 | €10 | €88 | ▲ 805% |
| Financial charges65/66B | - | - | - | €338 | €1,133 | €806 | €365 | €164 | ▼ 55.0% |
| Recurring financial charges65 | €4,697 | €868 | €835 | €338 | €1,133 | €806 | €365 | €164 | ▼ 55.0% |
| Profit (loss) for the period before taxes9903 | -€30,569 | -€19,459 | €12,755 | €5,006 | -€59,077 | -€21,355 | €8,971 | €20,045 | ▲ 123% |
| Income taxes67/77 | €52 | - | - | - | €0 | €90 | €54 | €1,199 | ▲ 22× |
| Profit (loss) for the period9904 | -€30,621 | -€19,459 | €12,755 | €5,006 | -€59,077 | -€21,445 | €8,916 | €18,846 | ▲ 111% |
| Profit (loss) for the period to be appropriated9905 | -€30,621 | -€19,459 | €12,755 | €5,006 | -€59,077 | -€21,445 | €8,916 | €18,846 | ▲ 111% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €200,240 | €137,998 | €151,938 | €148,062 | €45,675 | €37,098 | €47,686 | €64,351 | ▲ 34.9% |
| Fixed assets21/28 | €62,767 | €86,455 | €81,727 | €88,289 | €15,231 | €23,585 | €15,406 | €13,141 | ▼ 14.7% |
| Tangible fixed assets22/27 | €62,767 | €86,380 | €81,652 | €88,174 | €15,116 | €15,799 | €7,619 | €5,299 | ▼ 30.5% |
| Plant, machinery and equipment23 | - | - | - | €79,553 | €9,552 | €5,893 | €3,727 | €3,396 | ▼ 8.9% |
| Furniture and vehicles24 | - | - | - | €8,621 | €5,564 | €9,906 | €3,892 | €1,903 | ▼ 51.1% |
| Financial fixed assets28 | - | €75 | €75 | €115 | €115 | €7,787 | €7,787 | €7,842 | ▲ 0.7% |
| Current assets29/58 | €137,473 | €51,543 | €70,211 | €59,773 | €30,444 | €13,513 | €32,281 | €51,210 | ▲ 58.6% |
| Stocks and contracts in progress3 | - | - | - | - | €3,081 | €997 | €6,161 | €2,008 | ▼ 67.4% |
| Stocks30/36 | - | - | - | - | €3,081 | €997 | €6,161 | €2,008 | ▼ 67.4% |
| Amounts receivable within one year40/41 | €5,790 | €26,715 | €29,822 | €6,507 | €3,622 | €6,654 | €3,402 | €5,171 | ▲ 52.0% |
| Trade receivables40 | - | - | - | - | €964 | €2,945 | €1,087 | €4,225 | ▲ 289% |
| Other amounts receivable41 | - | - | - | €6,507 | €2,658 | €3,709 | €2,316 | €947 | ▼ 59.1% |
| Cash at bank and in hand54/58 | €131,683 | €24,828 | €40,389 | €53,266 | €23,320 | €4,450 | €22,164 | €41,850 | ▲ 88.8% |
| Deferred charges and accrued income490/1 | - | - | - | - | €421 | €1,413 | €554 | €2,180 | ▲ 294% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €200,240 | €137,998 | €151,938 | €148,062 | €45,675 | €37,098 | €47,686 | €64,351 | ▲ 34.9% |
| Equity10/15 | €92,486 | €73,027 | €85,782 | €90,788 | €31,711 | €10,266 | €19,182 | €38,028 | ▲ 98.2% |
| Contributions10/11 | €18,592 | - | - | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €73,894 | €54,435 | €54,435 | €54,435 | €54,435 | €54,435 | €54,435 | €54,435 | = |
| Non-distributable reserves130/1 | - | - | - | €1,859 | €1,859 | €1,859 | €1,859 | €0 | ▼ 100% |
| Reserves not available under the articles1311 | - | - | - | €1,859 | €1,859 | €1,859 | €1,859 | €0 | ▼ 100% |
| Tax-exempt reserves132 | - | - | - | €9,778 | €9,778 | €9,778 | €9,778 | €9,778 | = |
| Distributable reserves133 | - | - | - | €42,798 | €42,798 | €42,798 | €42,798 | €44,657 | ▲ 4.3% |
| Profit (loss) carried forward14 | - | - | €12,755 | €17,761 | -€41,316 | -€62,761 | -€53,845 | -€34,999 | ▲ 35.0% |
| Amounts payable17/49 | €107,754 | €64,971 | €66,155 | €57,274 | €13,964 | €26,832 | €28,504 | €26,322 | ▼ 7.7% |
| Amounts payable after more than one year17 | €107,486 | €36,965 | €32,335 | €26,990 | - | - | - | - | - |
| Financial debts170/4 | - | - | - | €26,990 | - | - | - | - | - |
| Amounts payable within one year42/48 | €268 | €22,164 | €33,189 | €27,667 | €12,742 | €25,518 | €27,984 | €24,907 | ▼ 11.0% |
| Trade debts44 | €114 | €15,412 | €11,985 | €12,353 | €5,067 | €5,801 | €6,414 | €6,722 | ▲ 4.8% |
| Suppliers440/4 | - | - | - | €12,353 | €5,067 | €5,801 | €6,414 | €6,722 | ▲ 4.8% |
| Taxes, remuneration and social security45 | - | - | - | €6,180 | €5,881 | €11,549 | €12,725 | €12,703 | ▼ 0.2% |
| Taxes450/3 | - | - | - | €2,071 | €2,910 | €1,539 | €4,249 | €4,303 | ▲ 1.3% |
| Remuneration and social security454/9 | - | - | - | €4,108 | €2,971 | €10,010 | €8,475 | €8,400 | ▼ 0.9% |
| Other amounts payable47/48 | - | - | - | €9,134 | €1,795 | €8,169 | €8,845 | €5,483 | ▼ 38.0% |
| Accrued charges and deferred income492/3 | - | - | - | €2,617 | €1,222 | €1,314 | €520 | €1,415 | ▲ 172% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€30,621 | -€19,459 | €12,755 | €5,006 | -€59,077 | -€21,445 | €8,916 | €18,846 | ▲ 111% |
| + Depreciation and write-downs630 | €20,464 | €7,553 | €7,866 | €9,634 | €11,912 | €7,953 | €5,387 | €5,520 | ▲ 2.5% |
| Operating cash flow (approximation) | -€10,157 | -€11,906 | €20,621 | €14,640 | -€47,165 | -€13,492 | €14,303 | €24,366 | ▲ 70.4% |
| Investment in fixed assets (approximation) | - | -€31,241 | -€3,137 | -€16,197 | €61,145 | -€16,307 | €2,793 | -€3,256 | - |
| Change in cash | - | -€106,855 | €15,561 | €12,878 | -€29,946 | -€18,871 | €17,715 | €19,685 | ▲ 11.1% |
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 CABANE 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 CABANE itself: 0.2% 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 CABANE. 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 39 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 10-07-2026 | 2026-00288955 | |
| 31-12-2024 | micro format | 07-07-2025 | 2025-00263354 | |
| 31-12-2023 | micro format | 31-07-2024 | 2024-00329705 | |
| 31-12-2022 | micro format | 28-08-2023 | 2023-00360697 | |
| 31-12-2021 | micro format | 16-08-2022 | 2022-20308266 | |
| 31-12-2020 | micro format | 13-08-2021 | 2021-48500284 | |
| 31-12-2019 | micro format | 29-10-2020 | 2020-66200095 | |
| 31-12-2018 | micro format | 10-07-2019 | 2019-31300111 | |
| 31-12-2017 | micro format | 11-07-2018 | 2018-31900405 | |
| 31-12-2016 | micro format | 05-07-2017 | 2017-27200348 |