CANDELA
ActiveSummary
CANDELA has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€34,546) and a net result of €1,128. Equity remains stable across the filed fiscal years (±0.4% per year). Its solvency ranks better than 5% of 1683 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+100
Solvency0=
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
balance sheet total too small for a liquidity verdict, and equity is negative.
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Signals
Five 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 · 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 2025Age of the figures
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 1683 sector peers (2025).
NBB · sector comparisonPosition among 1683 sector peers
Solvency
better than 5%
← weakest
strongest →
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
12 d late
2023
on the day
2022
31 d late
2021
26 d late
2020
16 d late
2019
77 d late
← 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 28 days after the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 36% 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. Usually files around 26 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
-€34,546▲ 3.2%
2024 · -€35,674
Total assets
€2,288▼ 44.5%
2024 · €4,119
Net result
€1,128
2024 · -€9,553
Working capital
-€34,859▲ 6.1%
2024 · -€37,109
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€10,730▼ 37.9%-€11,568▼ 7.8%-€15,117▼ 30.7%-€8,783▲ 41.9%€1,711
Net result-€11,189below the sector's middle half▼ 32.3%-€12,311below the sector's middle half▼ 10.0%-€16,047below the sector's middle half▼ 30.4%-€9,553below the sector's middle half▲ 40.5%€1,128within the sector's middle half
Equity-€35,413below the sector's middle half=-€35,574below the sector's middle half▼ 0.5%-€35,621below the sector's middle half▼ 0.1%-€35,674below the sector's middle half▼ 0.1%-€34,546below the sector's middle half▲ 3.2%
Total assets€11,179below the sector's middle half▼ 2.3%€8,961below the sector's middle half▼ 19.8%€4,471below the sector's middle half▼ 50.1%€4,119below the sector's middle half▼ 7.9%€2,288below the sector's middle half▼ 44.5%
Debt€46,593▼ 0.6%€44,535▼ 4.4%€40,092▼ 10.0%€39,793▼ 0.7%€36,834▼ 7.4%
Working capital-€44,955below the sector's middle half▼ 0.2%-€43,489below the sector's middle half▲ 3.3%-€38,796below the sector's middle half▲ 10.8%-€37,109below the sector's middle half▲ 4.3%-€34,859below the sector's middle half▲ 6.1%
Solvency-316.8%below the sector's middle half▼ 7.3pp-397.0%below the sector's middle half▼ 80.2pp
Current ratio0.04below the sector's middle half▼ 0.010.02below the sector's middle half▼ 0.01
Return on assets (ROA)-100.1%below the sector's middle half▼ 26.2pp-137.4%below the sector's middle half▼ 37.3pp
above
within
below
the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €1,711 after a loss of €8,783 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2,288
Fixed assets
€313 ▼ 78.2%
Current assets
€1,975 ▼ 26.4%
Key figures and ratios
EBITDA
€2,833▲
2024 · -€7,043
Cash flow
€2,249▲
2024 · -€7,813
Interest coverage
8.04▲
2024 · -12.80
Debt ≤ 1 year
€36,834▼
2024 · €39,793
Income taxes
€231▲
2024 · €220
Ratios withheld: a balance sheet total of €2,288 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,795 companies that looked in July 2024 the way this one looks now, 2.7% went bankrupt within 24 months and 92% are still going.
- Micro
- 20 years or older
- negative equity
- a profit of 5% of the balance sheet or more
2.7%
went bankrupt
5.3%
stopped otherwise
92%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.0% 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 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
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 3,795 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,853 | €4,412 | €4,740 | €1,740 | €1,122 | ▼ 35.6% |
| Other operating charges640/8 | - | - | - | €151 | €593 | ▲ 292% |
| Gross operating margin9900 | -€6,877 | -€7,155 | -€10,376 | -€6,892 | €3,426 | ▲ 150% |
| Operating profit (loss)9901 | -€10,730 | -€11,568 | -€15,117 | -€8,783 | €1,711 | ▲ 119% |
| Financial charges65/66B | €459 | €557 | €557 | €550 | €352 | ▼ 36.0% |
| Recurring financial charges65 | €459 | €557 | €557 | €550 | €352 | ▼ 36.0% |
| Profit (loss) for the period before taxes9903 | -€11,189 | -€12,124 | -€15,673 | -€9,333 | €1,359 | ▲ 115% |
| Income taxes67/77 | - | €186 | €374 | €220 | €231 | ▲ 5.1% |
| Profit (loss) for the period9904 | -€11,189 | -€12,311 | -€16,047 | -€9,553 | €1,128 | ▲ 112% |
| Profit (loss) for the period to be appropriated9905 | -€11,189 | -€12,311 | -€16,047 | -€9,553 | €1,128 | ▲ 112% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €11,179 | €8,961 | €4,471 | €4,119 | €2,288 | ▼ 44.5% |
| Fixed assets21/28 | €9,542 | €7,915 | €3,175 | €1,435 | €313 | ▼ 78.2% |
| Tangible fixed assets22/27 | €9,442 | €7,815 | €3,075 | €1,335 | €213 | ▼ 84.0% |
| Plant, machinery and equipment23 | €3,387 | €2,593 | €1,800 | €1,006 | €213 | ▼ 78.8% |
| Furniture and vehicles24 | €6,000 | €5,186 | €1,257 | €328 | - | - |
| Other tangible fixed assets26 | €55 | €37 | €18 | - | - | - |
| Financial fixed assets28 | €100 | €100 | €100 | €100 | €100 | = |
| Current assets29/58 | €1,638 | €1,046 | €1,296 | €2,684 | €1,975 | ▼ 26.4% |
| Amounts receivable within one year40/41 | €1,405 | €589 | €1,090 | €2,124 | €353 | ▼ 83.4% |
| Trade receivables40 | €914 | €238 | €133 | €1,757 | €344 | ▼ 80.4% |
| Other amounts receivable41 | €491 | €351 | €957 | €367 | €9 | ▼ 97.6% |
| Cash at bank and in hand54/58 | - | €258 | - | €349 | €1,401 | ▲ 302% |
| Deferred charges and accrued income490/1 | €233 | €199 | €206 | €211 | €220 | ▲ 4.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €11,179 | €8,961 | €4,471 | €4,119 | €2,288 | ▼ 44.5% |
| Equity10/15 | -€35,413 | -€35,574 | -€35,621 | -€35,674 | -€34,546 | ▲ 3.2% |
| Contributions10/11 | €40,592 | €40,592 | €40,592 | €40,592 | €40,592 | = |
| Outside capital11 | €40,592 | €40,592 | €40,592 | €40,592 | €40,592 | = |
| Other1109/19 | €40,592 | €40,592 | €40,592 | €40,592 | €40,592 | = |
| Profit (loss) carried forward14 | -€76,005 | -€76,166 | -€76,213 | -€76,266 | -€75,138 | ▲ 1.5% |
| Amounts payable17/49 | €46,593 | €44,535 | €40,092 | €39,793 | €36,834 | ▼ 7.4% |
| Amounts payable within one year42/48 | €46,593 | €44,535 | €40,092 | €39,793 | €36,834 | ▼ 7.4% |
| Financial debts43 | €186 | - | €407 | - | - | - |
| Credit institutions430/8 | €186 | - | €407 | - | - | - |
| Trade debts44 | €12,982 | €859 | €196 | €2,075 | €997 | ▼ 52.0% |
| Suppliers440/4 | €12,982 | €859 | €196 | €2,075 | €997 | ▼ 52.0% |
| Taxes, remuneration and social security45 | - | €200 | €393 | €427 | €719 | ▲ 68.5% |
| Taxes450/3 | - | €200 | €393 | €427 | €719 | ▲ 68.5% |
| Other amounts payable47/48 | €33,425 | €43,475 | €39,096 | €37,291 | €35,118 | ▼ 5.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€11,189 | -€12,311 | -€16,047 | -€9,553 | €1,128 | ▲ 112% |
| + Depreciation and write-downs630 | €3,853 | €4,412 | €4,740 | €1,740 | €1,122 | ▼ 35.6% |
| Operating cash flow (approximation) | -€7,336 | -€7,898 | -€11,307 | -€7,813 | €2,249 | ▲ 129% |
| Investment in fixed assets (approximation) | - | -€2,786 | €0 | €0 | €0 | - |
| Change in cash | - | - | - | - | €1,052 | - |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
31-12
Financial
Back to profitnet €1,128
Net result €1,128 after 6 loss-making years.
12-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 12 days late
2024
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet -€16,047
Net result drops to -€16,047, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 26 days late
2021
16-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 16 days late
2020
16-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 77 days late
2019
20-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 20 days late
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 29 days late
2017
25-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 25 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Schaarbeek · 1 establishment unit since 1998
Ground area
247 m²
Building footprint
128 m²
Volume, LiDAR
1,090 m³
Parcel 21903B0244/00B002, Brussels · tallest building 13.3 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Ernest Renanlaan 52, 1030 Schaarbeek
since 19982.088.765.831
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21903B0244/00B002 | Brussels | 247 m² | 1 · 128 m² | 13.3 m · 3 fl. |
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.
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 9,863 companies in sector 73110 we hold annual accounts for 3,759. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded05-06-1990
Fiscal year end31-12
Activities, NACEBEL 2025
73110Advertising agencies
E-invoicing
Reachable via Peppol
Peppol ID
0208:0440981695
Registered
03-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.