CANATHO
ActiveSummary
CANATHO has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €59,245 and a net result of -€9,991. Equity is growing by ~22.2% per year across the filed fiscal years. Its solvency ranks better than 61% of 28184 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability16▼-23
Solvency82▲+9
Growth52=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,000 at 30 days acceptable
Liquidity ample (current ratio 1.92 against 1.63 in 2024; short-term debt: 42.6% and cash: 12.3% of total assets), and 42.6% of the assets are financed with debt.
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Signals
Five 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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% 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
57.4%
Return on assets
-9.7%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€9,991
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 16-07-2026, 15 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
15 d early
2024
51 d early
2023
57 d early
2022
53 d early
2021
39 d early
2020
52 d early
2019
50 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 45 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (2)
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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Public money
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Financials · fiscal year 2025, micro schema
Equity
€59,245▼ 14.4%
2024 · €69,236
Total assets
€103,285▼ 28.3%
2024 · €144,087
Net result
-€9,991▼ 834%
2024 · -€1,069
Working capital
€40,672▼ 12.8%
2024 · €46,663
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€16,506▼ 27.4%€57,105▲ 246%€9,567▼ 83.2%€6,343▼ 33.7%-€2,422
Net result€6,074within the sector's middle half▼ 46.2%€38,427above the sector's middle half▲ 533%€4,204within the sector's middle half▼ 89.1%-€1,069below the sector's middle half-€9,991below the sector's middle half▼ 834%
Equity€27,675within the sector's middle half▲ 28.1%€66,101within the sector's middle half▲ 139%€70,305within the sector's middle half▲ 6.4%€69,236within the sector's middle half▼ 1.5%€59,245within the sector's middle half▼ 14.4%
Total assets€163,670within the sector's middle half▲ 31.5%€149,713within the sector's middle half▼ 8.5%€140,302within the sector's middle half▼ 6.3%€144,087within the sector's middle half▲ 2.7%€103,285within the sector's middle half▼ 28.3%
Debt€135,995▲ 32.2%€83,612▼ 38.5%€69,997▼ 16.3%€74,851▲ 6.9%€44,040▼ 41.2%
Working capital-€11,190▼ 208%€50,373€58,365▲ 15.9%€46,663▼ 20.0%€40,672▼ 12.8%
Solvency16.9%below the sector's middle half▼ 0.4pp44.2%within the sector's middle half▲ 27.2pp50.1%within the sector's middle half▲ 6.0pp48.1%within the sector's middle half▼ 2.1pp57.4%within the sector's middle half▲ 9.3pp
Staff (FTE)5.6▲ 14.3%4.3▼ 23.2%2.7▼ 37.2%2.6▼ 3.7%2.2▼ 15.4%
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
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 €2,422 after €6,343 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €103,285
Fixed assets
€18,573 ▼ 22.0%
Current assets
€84,712 ▼ 29.6%
Equity and liabilities €103,285
Equity
€59,245 ▼ 14.4%
Debt
€44,040 ▼ 41.2%
Debt's share of the balance-sheet total falls from 51.9% to 42.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
€7,962▼
2024 · €18,214
Cash flow
€394▼
2024 · €10,802
Current ratio
1.92▲
2024 · 1.63
Quick ratio
1.81▲
2024 · 1.36
Debt to equity
0.74▼
2024 · 1.08
ROE
-16.9%▼
2024 · -1.5%
ROA
-9.7%▼
2024 · -0.7%
Interest coverage
1.10▼
2024 · 2.52
Debt ≤ 1 year
€44,040▼
2024 · €73,601
Income taxes
€377▼
2024 · €896
Staff costs
€69,581▼
2024 · €99,342
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,916 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 91% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a small loss
1.1%
went bankrupt
7.8%
stopped otherwise
91%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.9% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 6,916 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €19,593 | €112 | €0 | €5,259 | - |
| Remuneration, social security and pensions62 | €124,628 | €147,236 | €121,064 | €99,342 | €69,581 | ▼ 30.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €17,649 | €13,528 | €14,030 | €11,871 | €10,385 | ▼ 12.5% |
| Other operating charges640/8 | €2,912 | €1,695 | €1,091 | €1,189 | €1,212 | ▲ 1.9% |
| Gross operating margin9900 | €161,694 | €219,564 | €145,752 | €118,745 | €78,755 | ▼ 33.7% |
| Operating profit (loss)9901 | €16,506 | €57,105 | €9,567 | €6,343 | -€2,422 | ▼ 138% |
| Financial income75/76B | €713 | €167 | €558 | €718 | €39 | ▼ 94.6% |
| Recurring financial income75 | €713 | €167 | €558 | €718 | €39 | ▼ 94.6% |
| Financial charges65/66B | €3,122 | €4,423 | €3,633 | €7,234 | €7,230 | ▼ 0.1% |
| Recurring financial charges65 | €3,122 | €4,423 | €3,633 | €7,234 | €7,230 | ▼ 0.1% |
| Profit (loss) for the period before taxes9903 | €14,096 | €52,850 | €6,493 | -€173 | -€9,614 | ▼ 5,445% |
| Income taxes67/77 | €8,022 | €14,423 | €2,289 | €896 | €377 | ▼ 57.9% |
| Profit (loss) for the period9904 | €6,074 | €38,427 | €4,204 | -€1,069 | -€9,991 | ▼ 834% |
| Profit (loss) for the period to be appropriated9905 | €6,074 | €38,427 | €4,204 | -€1,069 | -€9,991 | ▼ 834% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €163,670 | €149,713 | €140,302 | €144,087 | €103,285 | ▼ 28.3% |
| Fixed assets21/28 | €62,768 | €31,525 | €19,995 | €23,823 | €18,573 | ▼ 22.0% |
| Intangible fixed assets21 | €4,000 | €2,000 | €0 | - | - | - |
| Tangible fixed assets22/27 | €58,768 | €29,525 | €19,995 | €23,823 | €16,143 | ▼ 32.2% |
| Plant, machinery and equipment23 | €5,556 | €4,416 | €3,635 | €2,738 | €1,841 | ▼ 32.8% |
| Furniture and vehicles24 | €24,150 | €1,665 | €1,082 | €2,424 | €3,927 | ▲ 62.0% |
| Leasing and similar rights25 | €29,062 | €21,142 | €13,222 | €15,495 | €7,771 | ▼ 49.8% |
| Other tangible fixed assets26 | - | €2,303 | €2,056 | €3,166 | €2,604 | ▼ 17.8% |
| Financial fixed assets28 | - | - | - | - | €2,430 | - |
| Current assets29/58 | €100,902 | €118,188 | €120,307 | €120,264 | €84,712 | ▼ 29.6% |
| Stocks and contracts in progress3 | €1,015 | €498 | €3,472 | €20,453 | €5,112 | ▼ 75.0% |
| Stocks30/36 | €1,015 | €498 | €1,472 | €4,156 | €1,612 | ▼ 61.2% |
| Contracts in progress37 | - | - | €2,000 | €16,297 | €3,500 | ▼ 78.5% |
| Amounts receivable within one year40/41 | €52,524 | €50,101 | €66,790 | €57,856 | €62,334 | ▲ 7.7% |
| Trade receivables40 | €41,800 | €42,849 | €49,544 | €52,197 | €54,592 | ▲ 4.6% |
| Other amounts receivable41 | €10,724 | €7,251 | €17,245 | €5,659 | €7,742 | ▲ 36.8% |
| Cash at bank and in hand54/58 | €38,000 | €59,168 | €13,765 | €33,674 | €12,742 | ▼ 62.2% |
| Deferred charges and accrued income490/1 | €9,363 | €8,421 | €36,280 | €8,281 | €4,524 | ▼ 45.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €163,670 | €149,713 | €140,302 | €144,087 | €103,285 | ▼ 28.3% |
| Equity10/15 | €27,675 | €66,101 | €70,305 | €69,236 | €59,245 | ▼ 14.4% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €21,475 | €59,901 | €64,105 | €64,105 | €64,105 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €0 | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €0 | - | - | - |
| Distributable reserves133 | €19,615 | €58,041 | €64,105 | €64,105 | €64,105 | = |
| Profit (loss) carried forward14 | - | - | - | -€1,069 | -€11,060 | ▼ 934% |
| Amounts payable17/49 | €135,995 | €83,612 | €69,997 | €74,851 | €44,040 | ▼ 41.2% |
| Amounts payable after more than one year17 | €22,184 | €14,547 | €6,805 | €0 | - | - |
| Financial debts170/4 | €22,184 | €14,547 | €6,805 | €0 | - | - |
| Amounts payable within one year42/48 | €112,092 | €67,814 | €61,942 | €73,601 | €44,040 | ▼ 40.2% |
| Current portion of amounts payable after more than one year42 | €7,532 | €7,637 | €7,742 | €6,805 | €0 | ▼ 100% |
| Financial debts43 | €25,000 | - | - | €30,000 | €25,000 | ▼ 16.7% |
| Credit institutions430/8 | €25,000 | - | - | €30,000 | €25,000 | ▼ 16.7% |
| Trade debts44 | €6,754 | €6,387 | €17,033 | €9,949 | €5,321 | ▼ 46.5% |
| Suppliers440/4 | €6,754 | €6,387 | €17,033 | €9,949 | €5,321 | ▼ 46.5% |
| Taxes, remuneration and social security45 | €16,071 | €27,239 | €19,889 | €12,286 | €7,146 | ▼ 41.8% |
| Taxes450/3 | €12,005 | €22,445 | €15,522 | €1,707 | €2,293 | ▲ 34.3% |
| Remuneration and social security454/9 | €4,066 | €4,795 | €4,367 | €10,579 | €4,853 | ▼ 54.1% |
| Other amounts payable47/48 | €56,735 | €26,551 | €17,279 | €14,560 | €6,573 | ▼ 54.9% |
| Accrued charges and deferred income492/3 | €1,719 | €1,250 | €1,250 | €1,250 | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €6,074 | €38,427 | €4,204 | -€1,069 | -€9,991 | ▼ 834% |
| + Depreciation and write-downs630 | €17,649 | €13,528 | €14,030 | €11,871 | €10,385 | ▼ 12.5% |
| Operating cash flow (approximation) | €23,723 | €51,955 | €18,234 | €10,802 | €394 | ▼ 96.4% |
| Investment in fixed assets (approximation) | - | €17,714 | -€2,500 | -€15,699 | -€5,134 | ▲ 67.3% |
| Change in cash | - | €21,167 | -€45,403 | €19,909 | -€20,932 | ▼ 205% |
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
14-09
State Gazette act
Registered-office move · Board meeting2 facts ▸
State Gazette act
Registered-office move · Board meeting
2 facts ▸
- Registered-office move, 3770 Riemst, lers Kruisstraat 130
- Board meeting, 01-05-2026
16-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
27-03
State Gazette act
Resignation: Vossen Thomas (director)Power of attorney3 facts ▸
State Gazette act
Resignation: Vossen Thomas (director)
Power of attorney3 facts ▸
- General meeting, 6 maart 2026
- Director resignation, Vossen Thomas (director)
- Power of attorney, Caymax Maarten
2025
31-12
Financial
Weakest financial yearnet -€9,991
Net result drops to -€9,991, the lowest in the series.
10-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
04-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
08-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €38,427 ▲533%
Operating result €57,105, net result €38,427, both a record.
22-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
09-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
11-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
05-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
12-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
16-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
2 of 6 acts read
About the unread acts
Of the 6 Belgian State Gazette acts we know for this company, 2 have been read. The other 4 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
no sitting director, last change in 2026
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Not every act has been read: a resignation may be missing here
4 of this company's 6 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Riemst · 1 establishment unit since 2008
Ground area
990 m²
Parcel 73092C1052/00K000, Flanders. Linked by address, not a title deed.
1 establishment unit
CANATHO
since 20082.172.474.257
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73092C1052/00K000 | Flanders | 990 m² | - | - |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Mandate history
1 person since 2026, 0 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Thomas VOSSEN |
|
Public money · subsidies and aid
Flemish government
2024 to 2025 · 2 entries · 199 EUR awarded · 155 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 45 EUR | 80 EUR |
| 2024 | 1 | 154 EUR | 75 EUR |
Recognitions · licences · registrations
Recognised contractor
1 categoryCANATHO BV41821
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Of 11,141 companies in sector 43910 we hold annual accounts for 5,492. 4,752 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
Founded04-07-2008
Fiscal year end31-12
Activities, NACEBEL 2025
43910Bricklaying and masonry work
E-invoicing
Reachable via Peppol
Peppol ID
0208:0899071323
Also
9925:BE0899071323
Registered
05-03-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.