CAND'ART
ActiveCAND'ART has been active since 1983 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.58M and a net result of €-96k. Equity remains stable across the filed fiscal years (±0.9% per year). Its solvency ranks better than 56% of 637 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
64
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability44▼-10
Solvency68▼-3
Growth59=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €100k at 30 days acceptable
Liquidity tight (current ratio 1.29 against 1.12 in 2024; short-term debt: 31.3% and cash: 8.9% of total assets), and 56.6% 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
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 · 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
Sector 10
higher
← fewer bankruptcies
more bankruptcies →
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
43.4%
Return on assets
-2.6%
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 €-96k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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
31 d late
2024
20 d late
2023
58 d early
2022
56 d early
2021
58 d early
2020
46 d early
2019
46 d early
← 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
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€4.75M▲ 20.5%
2022 · €3.94M
2018: €2.77M
2020: €2.89M
2021: €2.96M
2022: €3.94M
2018 → 2023
EBIT margin
1.8%▼ 2.0pp
2022 · 3.8%
2018: 13.2%
2020: 6.6%
2021: 2.3%
2022: 3.8%
2018 → 2023
Net result
€-96k▼ 85.4%
2024 · €-52k
2018: €285k
2019: €183k
2020: €143k
2021: €35k
2022: €102k
2023: €13k
2024: €-52k
2018 → 2025
Working capital
€329k▲ 137%
2024 · €139k
2018: €703k
2019: €721k
2020: €727k
2021: €487k
2022: €484k
2023: €155k
2024: €139k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€2.96M-€3.94M▲ 33.3%€4.75M▲ 20.5%
Equity€1.90M-€1.92M▲ 1.4%€1.73M▼ 10.2%€1.68M▼ 3.0%€1.58M▼ 5.7%
Operating result€69k-€150k▲ 117%€85k▼ 43.6%€7k▼ 92.0%€-49k
Net result€35k-€102k▲ 194%€13k▼ 87.1%€-52k€-96k▼ 85.4%
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €49k after €7k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.64M
Fixed assets
€2.17M▼ 8.9%
Current assets
€1.47M▲ 15.6%
Equity and liabilities €3.64M
Equity
€1.58M▼ 5.7%
Provisions
€664▼ 84.1%
Debt
€2.06M▲ 4.4%
The debt ratio rises from 54.0% to 56.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€177k▼
2024 · €233k
Cash flow
€130k▼
2024 · €174k
Solvency
43.4%▼
2024 · 45.9%
Current ratio
1.29▲
2024 · 1.12
Quick ratio
0.52▲
2024 · 0.33
Debt / equity
1.30▲
2024 · 1.18
ROE
-6.1%▼
2024 · -3.1%
ROA
-2.6%▼
2024 · -1.4%
Interest coverage
3.43▼
2024 · 4.40
Debt
€2.06M▲
2024 · €1.97M
Debt ≤ 1 year
€1.14M▲
2024 · €1.13M
Debt > 1 year
€886k▲
2024 · €838k
Income taxes
€568▼
2024 · €9k
Staff costs
€882k▼
2024 · €918k
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€3.65M€3.64M▼
Fixed assets21/28€2.38M€2.17M▼
Intangible fixed assets21€12k€15k▲
Tangible fixed assets22/27€2.37M€2.16M▼
Land and buildings22€1.69M€1.61M▼
Plant, machinery and equipment23€650k€527k▼
Furniture and vehicles24€26k€21k▼
Financial fixed assets28€0-
Current assets29/58€1.27M€1.47M▲
Stocks and contracts in progress3€898k€875k▼
Stocks30/36€898k€875k▼
Amounts receivable within one year40/41€302k€229k▼
Trade receivables40€253k€192k▼
Other amounts receivable41€49k€36k▼
Cash at bank and in hand54/58€34k€324k▲
Deferred charges and accrued income490/1€33k€38k▲
Equity and liabilities
Total equity and liabilities10/49€3.65M€3.64M▼
Equity10/15€1.68M€1.58M▼
Contributions10/11€80k€80k=
Capital10€80k€80k=
Issued capital100€80k€80k=
Revaluation surpluses12€1.39M€1.33M▼
Reserves13€201k€171k▼
Non-distributable reserves130/1€8k€8k=
Legal reserve130€8k€8k=
Tax-exempt reserves132€13k€2k▼
Distributable reserves133€180k€161k▼
Profit (loss) carried forward14€0-
Provisions and deferred taxes16€4k€664▼
Deferred taxes168€4k€664▼
Amounts payable17/49€1.97M€2.06M▲
Amounts payable after more than one year17€838k€886k▲
Financial debts170/4€838k€886k▲
Amounts payable within one year42/48€1.13M€1.14M▲
Current portion of amounts payable after more than one year42€122k€142k▲
Financial debts43€600k€600k=
Credit institutions430/8€600k€600k=
Trade debts44€267k€253k▼
Suppliers440/4€267k€253k▼
Taxes, remuneration and social security45€140k€142k▲
Taxes450/3€23k€25k▲
Remuneration and social security454/9€117k€117k▲
Other amounts payable47/48€0-
Accrued charges and deferred income492/3€3k€34k▲
Income statement
Code20242025
Non-recurring operating income76A€5k€0▼
Remuneration, social security and pensions62€918k€882k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€226k€226k▼
Other operating charges640/8€30k€31k▲
Gross operating margin9900€1.18M€1.09M▼
Operating profit (loss)9901€7k€-49k▼
Financial income75/76B€0€1k▲
Recurring financial income75€0€1k▲
Financial charges65/66B€53k€52k▼
Recurring financial charges65€53k€52k▼
Profit (loss) for the period before taxes9903€-46k€-99k▼
Transfer from deferred taxes780€4k€4k▼
Income taxes67/77€9k€568▼
Profit (loss) for the period9904€-52k€-96k▼
Transfer from tax-exempt reserves789€11k€11k▼
Profit (loss) for the period to be appropriated9905€-41k€-86k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-41k€-86k▼
Transfer from equity791/2€41k€86k▲
Transfer to equity691/2€0-
To other reserves6921€0-
Profit to be distributed694/7€0-
Return on contributions (dividend)694€0-
Social balance
Average headcount (FTE)908717.015.4▼
The notes to these accounts (15 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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 31 days late
2025
31-12
Financial
Weakest financial yearnet €-96k
Net result drops to €-96k, the lowest in the series.
20-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 20 days late
2024
03-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
05-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
03-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
15-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Equity above €2MEq €3.15M ▲117%
3 profitable years in a row build equity to €3.15M.
15-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
11-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
07-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
08-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
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, Bilzen-Hoeselt · 1 establishment unit since 1983
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.
Spelverstraat 26A3740 Bilzen-HoeseltGround area
8,317 m²
Building footprint
3,483 m²
Volume, LiDAR
22,156 m³
Parcel 73006G0165/00D000, Flanders · tallest building 9.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
CAND'ART
since 19832.023.550.454
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73006G0165/00D000 | Flanders | 8,317 m² | 1 · 3,483 m² | 9.4 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2023 to 2025 · 4 entries · 37,056 EUR awarded · 37,056 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 11,442 EUR | 11,442 EUR |
| 2024 | 2 | 15,207 EUR | 15,207 EUR |
| 2023 | 1 | 10,407 EUR | 10,407 EUR |
Schemes
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Food safety, FASFC
1 siteBilzen-Hoeselt2.023.550.454
Similar companies · same sector, comparable size
ChocConcept Belgium Productions
BE 0786.257.749
Turnhout · Eq €1.58M
CHOCOLATIER M
BE 0822.060.647
Knokke-Heist · Eq €1.58M
DE MELKWEG
BE 0685.562.544
Kasterlee · Eq €1.59M
CONFISERIE GELDHOF
BE 0424.518.817
Eeklo · Eq €1.61M
GELDHOF-DEWULF
BE 0873.184.496
Izegem · Eq €1.62M
Of 725 companies in sector 10820 we hold annual accounts for 350. 191 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded29-11-1983
Fiscal year end31-12
Activities, NACEBEL
10820Manufacture of cocoa, chocolate and sugar confectionery
46360Wholesale trade
47241Retail sale of bread and pastry (bakery outlets)
52240
Sources
Crossroads Bank for EnterprisesNational Bank · 43 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.