CANDELAS IMMO
ActiveSummary
CANDELAS IMMO has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.9m and a net result of -€67,067. Equity remains stable across the filed fiscal years (±0% per year). Its solvency ranks better than 59% of 448 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability17▲+1
Solvency75▲+1
Growth35=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €170,000 at 30 days acceptable
Liquidity ample (current ratio 3.9 against 0.01 in 2024; short-term debt: 9.2% and cash: 0% of total assets), and 49.7% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Six 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 77
Relative position
BE, all sectors
reference
Rental and leasing activities (NACE 77)
about 44% more bankruptcies
← 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
50.3%
Return on assets
-1.1%
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 -€67,067
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
29 d late
2023
29 d late
2022
39 d early
2021
30 d late
2020
31 d late
2019
34 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 21 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% 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 30 August (4 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, full schema
In the rankings
#6 oldest company in Wortegem-Petegem, Administrative and support services sector#7 company by total assets in Wortegem-Petegem, Administrative and support services sector#9 company by equity in Wortegem-Petegem, Administrative and support services sector
Turnover
€57,600▼ 76.4%
2019 · €244,115
EBIT margin
39.1%▼ 1262.0pp
2019 · 1301.1%
Net result
-€67,067▲ 57.2%
2024 · -€156,793
Working capital
€1.6m
2024 · -€618,293
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 77, Rental and leasing 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
Turnover€57,600
Operating result€22,526€23,461▲ 4.1%-€28,234-€148,699▼ 427%-€188,821▼ 27.0%
Net result€69,362within the sector's middle half€71,912within the sector's middle half▲ 3.7%€42,551within the sector's middle half▼ 40.8%-€156,793below the sector's middle half-€67,067below the sector's middle half▲ 57.2%
EBIT margin39.1%
Equity€3.1mwithin the sector's middle half▲ 2.3%€3.1mabove the sector's middle half▲ 2.4%€3.2mabove the sector's middle half▲ 1.4%€3.0mabove the sector's middle half▼ 5.0%€2.9mwithin the sector's middle half▼ 2.2%
Total assets€4.0mwithin the sector's middle half▲ 1.7%€4.1mabove the sector's middle half▲ 0.7%€7.2mabove the sector's middle half▲ 77.5%€6.1mabove the sector's middle half▼ 14.9%€5.8mwithin the sector's middle half▼ 4.8%
Debt€129,615▲ 5.7%€93,465▼ 27.9%€3.2m▲ 3,335%€2.4m▼ 26.2%€2.2m▼ 8.5%
Working capital€1.4mabove the sector's middle half▲ 9.7%€1.4mabove the sector's middle half▲ 6.0%-€669,604below the sector's middle half-€618,293below the sector's middle half▲ 7.7%€1.6mabove the sector's middle half
Solvency75.6%above the sector's middle half▲ 0.4pp76.9%above the sector's middle half▲ 1.2pp43.9%within the sector's middle half▼ 33.0pp49.0%within the sector's middle half▲ 5.1pp50.3%within the sector's middle half▲ 1.3pp
Current ratio14.25above the sector's middle half▲ 2.9318.30above the sector's middle half▲ 4.060.52below the sector's middle half▼ 17.780.01below the sector's middle half▼ 0.513.90above the sector's middle half▲ 3.89
Return on assets (ROA)1.7%within the sector's middle half▲ 43.4pp1.8%within the sector's middle half▲ 0.1pp0.6%within the sector's middle half▼ 1.2pp-2.6%below the sector's middle half▼ 3.1pp-1.1%below the sector's middle half▲ 1.4pp
Staff (FTE)0below the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 77, Rental and leasing activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €188,821 in 2025 against €148,699 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5.8m
Fixed assets
€3.7m ▼ 39.0%
Current assets
€2.1m ▲ 37,919%
Equity and liabilities €5.8m
Equity
€2.9m ▼ 2.2%
Provisions
€735,912 ▼ 3.5%
Debt
€2.2m ▼ 8.5%
Debt's share of the balance-sheet total falls from 38.6% to 37.1%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€60,141▼
2024 · -€19,966
Cash flow
€61,613▲
2024 · -€28,060
Debt to equity
0.74▼
2024 · 0.79
ROE
-2.3%▲
2024 · -5.2%
Interest coverage
-0.87▼
2024 · -0.24
Debt ≤ 1 year
€539,354▼
2024 · €623,829
Debt > 1 year
€1.6m▼
2024 · €1.7m
Income taxes
€0▼
2024 · €855
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 8,611 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 94% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a small loss
0.4%
went bankrupt
5.1%
stopped otherwise
94%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% 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 8,611 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 |
|---|---|---|---|---|---|---|
| Operating income70/76A | €57,600 | - | - | - | - | - |
| Turnover70 | €57,600 | - | - | - | - | - |
| Non-recurring operating income76A | - | - | - | €99,960 | €0 | ▼ 100% |
| Operating charges60/66A | €35,074 | - | - | - | - | - |
| Services and other goods61 | €666 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €33,320 | €33,320 | €37,760 | €128,733 | €128,680 | = |
| Other operating charges640/8 | €1,088 | €990 | €42,142 | €5,635 | €3,422 | ▼ 39.3% |
| Gross operating margin9900 | - | €57,770 | €51,668 | -€14,331 | -€56,719 | ▼ 296% |
| Operating profit (loss)9901 | €22,526 | €23,461 | -€28,234 | -€148,699 | -€188,821 | ▼ 27.0% |
| Financial income75/76B | €390,976 | €44,200 | €65,688 | - | €164,363 | - |
| Recurring financial income75 | €41,026 | €44,200 | €65,688 | - | €164,363 | - |
| Income from current assets751 | €41,026 | - | - | - | - | - |
| Non-recurring financial income76B | €349,950 | - | - | - | €164,363 | - |
| Financial charges65/66B | €351,141 | €2,749 | €2,830 | €83,169 | €69,523 | ▼ 16.4% |
| Recurring financial charges65 | €1,191 | €2,749 | €2,830 | €83,169 | €69,523 | ▼ 16.4% |
| Debt charges650 | €647 | - | - | - | - | - |
| Other financial charges652/9 | €543 | - | - | - | - | - |
| Non-recurring financial charges66B | €349,950 | - | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €62,361 | €64,911 | €34,624 | -€231,868 | -€93,981 | ▲ 59.5% |
| Transfer from deferred taxes780 | €7,001 | €7,001 | €7,927 | €75,930 | €26,914 | ▼ 64.6% |
| Income taxes67/77 | - | - | - | €855 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | €69,362 | €71,912 | €42,551 | -€156,793 | -€67,067 | ▲ 57.2% |
| Transfer from tax-exempt reserves789 | €21,002 | €21,002 | €23,782 | €227,791 | €80,741 | ▼ 64.6% |
| Profit (loss) for the period to be appropriated9905 | €90,364 | €92,914 | €66,334 | €70,998 | €13,674 | ▼ 80.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €4.0m | €4.1m | €7.2m | €6.1m | €5.8m | ▼ 4.8% |
| Fixed assets21/28 | €2.6m | €2.5m | €6.5m | €6.1m | €3.7m | ▼ 39.0% |
| Tangible fixed assets22/27 | €299,880 | €266,560 | €4.2m | €3.9m | €3.7m | ▼ 3.3% |
| Land and buildings22 | - | - | €4.0m | €3.9m | €3.7m | ▼ 3.3% |
| Plant, machinery and equipment23 | €299,880 | €266,560 | €233,240 | - | - | - |
| Financial fixed assets28 | €2.3m | €2.3m | €2.3m | €2.3m | €0 | ▼ 100% |
| Affiliated companies280/1 | €2.3m | - | - | - | - | - |
| Participating interests280 | €2.3m | - | - | - | - | - |
| Current assets29/58 | €1.5m | €1.5m | €716,881 | €5,536 | €2.1m | ▲ 37,919% |
| Amounts receivable within one year40/41 | €1.5m | €1.5m | €515,541 | €4,921 | €2.1m | ▲ 42,660% |
| Trade receivables40 | - | - | - | €3,431 | €10,464 | ▲ 205% |
| Other amounts receivable41 | €1.5m | €1.5m | €515,541 | €1,490 | €2.1m | ▲ 140,407% |
| Cash at bank and in hand54/58 | €329 | €179 | €201,340 | €249 | €357 | ▲ 43.5% |
| Deferred charges and accrued income490/1 | - | - | - | €367 | €371 | ▲ 1.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €4.0m | €4.1m | €7.2m | €6.1m | €5.8m | ▼ 4.8% |
| Equity10/15 | €3.1m | €3.1m | €3.2m | €3.0m | €2.9m | ▼ 2.2% |
| Contributions10/11 | €2.1m | €2.1m | €2.1m | €2.1m | €2.1m | = |
| Capital10 | €2.1m | €2.1m | €2.1m | €2.1m | €2.1m | = |
| Issued capital100 | €2.1m | €2.1m | €2.1m | €2.1m | €2.1m | = |
| Outside capital11 | €899 | €899 | €899 | €899 | €899 | = |
| Share premium1100/10 | €899 | €899 | €899 | €899 | €899 | = |
| Reserves13 | €2.7m | €2.6m | €2.6m | €2.4m | €2.3m | ▼ 3.4% |
| Non-distributable reserves130/1 | €38,000 | €38,000 | €38,000 | €38,000 | €38,000 | = |
| Legal reserve130 | €38,000 | €38,000 | €38,000 | €38,000 | €38,000 | = |
| Tax-exempt reserves132 | €2.6m | €2.6m | €2.6m | €2.3m | €2.3m | ▼ 3.4% |
| Profit (loss) carried forward14 | -€1.7m | -€1.6m | -€1.5m | -€1.4m | -€1.4m | ▲ 0.9% |
| Provisions and deferred taxes16 | €853,683 | €846,683 | €838,755 | €762,825 | €735,912 | ▼ 3.5% |
| Deferred taxes168 | €853,683 | €846,683 | €838,755 | €762,825 | €735,912 | ▼ 3.5% |
| Amounts payable17/49 | €129,615 | €93,465 | €3.2m | €2.4m | €2.2m | ▼ 8.5% |
| Amounts payable after more than one year17 | €26,389 | €9,722 | €1.8m | €1.7m | €1.6m | ▼ 5.8% |
| Financial debts170/4 | €26,389 | €9,722 | €1.8m | €1.7m | €1.6m | ▼ 5.8% |
| Credit institutions173 | €26,389 | - | - | - | - | - |
| Amounts payable within one year42/48 | €103,226 | €83,743 | €1.4m | €623,829 | €539,354 | ▼ 13.5% |
| Current portion of amounts payable after more than one year42 | €16,667 | €16,667 | €56,576 | €96,389 | €100,078 | ▲ 3.8% |
| Financial debts43 | - | - | €400,000 | - | €29,833 | - |
| Credit institutions430/8 | - | - | €400,000 | - | €29,833 | - |
| Trade debts44 | €75,078 | €60,726 | €351,739 | €262,553 | €334,591 | ▲ 27.4% |
| Suppliers440/4 | €75,078 | €60,726 | €351,739 | €262,553 | €334,591 | ▲ 27.4% |
| Taxes, remuneration and social security45 | €11,481 | €6,350 | - | €4,822 | €74,852 | ▲ 1,452% |
| Taxes450/3 | €11,481 | €6,350 | - | €4,822 | €74,852 | ▲ 1,452% |
| Other amounts payable47/48 | - | - | €578,169 | €260,065 | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | - | - | €792 | €19,242 | €2,669 | ▼ 86.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €69,362 | €71,912 | €42,551 | -€156,793 | -€67,067 | ▲ 57.2% |
| + Depreciation and write-downs630 | €33,320 | €33,320 | €37,760 | €128,733 | €128,680 | = |
| Operating cash flow (approximation) | €102,682 | €105,232 | €80,311 | -€28,060 | €61,613 | ▲ 320% |
| Investment in fixed assets (approximation) | - | €0 | -€4.0m | €233,240 | €2.3m | ▲ 871% |
| Change in cash | - | -€150 | €201,161 | -€201,091 | €108 | ▲ 100% |
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 · full schema · 31 days late
2025
31-12
Financial
Liquidity times 440current ratio 3.90
Current ratio from 0.01 to 3.90; short-term debt falls from €623,829 to €539,354.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 29 days late
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 29 days late
2023
22-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 30 days late
2021
31-12
Financial
Back to profitnet €69,362
Net result €69,362 after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 31 days late
2020
31-12
Financial
Weakest financial yearnet -€1.7m
Net result drops to -€1.7m, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity triplescurrent ratio 11.31
Current ratio from 4.20 to 11.31; short-term debt falls from €634,937 to €120,937.
03-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 34 days late
2019
31-12
Financial
Highest result since 2018net €2.4m ▲2,555%
Operating result €3.2m, net result €2.4m, both a record.
Show earlier events
04-10
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 65 days late
2018
05-11
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 97 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 10 acts read
About the unread acts
We know of 10 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
No directors read yet: 0 of 10 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Wortegem-Petegem · 1 establishment unit since 1997
Ground area
4,040 m²
Building footprint
273 m²
Volume, LiDAR
1,496 m³
Parcel 45055D0463/00C000, Flanders · tallest building 60.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
GROEP NEON ELITE NV
since 19972.055.016.363
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45055D0463/00C000 | Flanders | 4,040 m² | 1 · 273 m² | 60.5 m · 2 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.
Structure & network
Owners and holdings
1 ownerChain of control
- HET FONDS
- CANDELAS IMMO
Highest known parent: HET FONDS. The sources do not say who stands above it.
Owners 1
- HET FONDSparentSourceaccounts HET FONDS 2025100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
Stated earlier (1)
An older source named these holdings; newer accounts no longer list them.
-
90%
According to the 2024 annual accounts of CANDELAS IMMO and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Company details
Identification
Legal formPublic limited company
Founded21-10-1991
Fiscal year end31-12
Activities, NACEBEL 2025
77399Renting and leasing of other machinery, equipment and tangible goods
E-invoicing
Reachable via Peppol
Peppol ID
0208:0445546932
Also
9925:BE0445546932
Registered
23-01-2026
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.