Candystan
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 07-07-2026 at the NBB all 2 filings
Every figure per financial year
The operating result for 2025 is a loss of €1,220, after a profit of €3,482 in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Investments
| Item | 2024 | 2025 |
|---|---|---|
| Tangible fixed assets | €16,477 | €468 |
| Financial fixed assets | €5,550 | €0 |
| Depreciation and write-downs of the year | €3,472 | €3,693 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Remuneration, social security and pensions62 | - | €528 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,472 | €3,693 | ▲ 6.4% |
| Other operating charges640/8 | €788 | €341 | ▼ 56.7% |
| Gross operating margin9900 | €7,742 | €3,342 | ▼ 56.8% |
| Operating profit (loss)9901 | €3,482 | -€1,220 | - |
| Financial income75/76B | €52 | €151 | ▲ 188% |
| Recurring financial income75 | €52 | €151 | ▲ 188% |
| Financial charges65/66B | €3,305 | €8,963 | ▲ 171% |
| Recurring financial charges65 | €3,305 | €8,963 | ▲ 171% |
| Profit (loss) for the period before taxes9903 | €229 | -€10,032 | - |
| Profit (loss) for the period9904 | €229 | -€10,032 | - |
| Profit (loss) for the period to be appropriated9905 | €229 | -€10,032 | - |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €45,579 | €31,020 | ▼ 31.9% |
| Formation expenses20 | €2,390 | €1,798 | ▼ 24.8% |
| Fixed assets21/28 | €19,124 | €16,491 | ▼ 13.8% |
| Tangible fixed assets22/27 | €13,574 | €10,941 | ▼ 19.4% |
| Plant, machinery and equipment23 | €6,405 | €5,165 | ▼ 19.4% |
| Furniture and vehicles24 | €2,142 | €1,613 | ▼ 24.7% |
| Other tangible fixed assets26 | €5,027 | €4,163 | ▼ 17.2% |
| Financial fixed assets28 | €5,550 | €5,550 | = |
| Current assets29/58 | €24,065 | €12,732 | ▼ 47.1% |
| Stocks and contracts in progress3 | €17,420 | €9,615 | ▼ 44.8% |
| Stocks30/36 | €17,420 | €9,615 | ▼ 44.8% |
| Amounts receivable within one year40/41 | - | €937 | - |
| Trade receivables40 | - | €930 | - |
| Other amounts receivable41 | - | €7 | - |
| Cash at bank and in hand54/58 | €6,556 | €2,180 | ▼ 66.7% |
| Deferred charges and accrued income490/1 | €89 | €0 | ▼ 100% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €45,579 | €31,020 | ▼ 31.9% |
| Equity10/15 | €10,229 | €197 | ▼ 98.1% |
| Contributions10/11 | €10,000 | €10,000 | = |
| Profit (loss) carried forward14 | €229 | -€9,803 | - |
| Amounts payable17/49 | €35,349 | €30,823 | ▼ 12.8% |
| Amounts payable after more than one year17 | €20,933 | €11,365 | ▼ 45.7% |
| Financial debts170/4 | €20,933 | €11,365 | ▼ 45.7% |
| Amounts payable within one year42/48 | €14,416 | €19,459 | ▲ 35.0% |
| Current portion of amounts payable after more than one year42 | €8,975 | €9,569 | ▲ 6.6% |
| Trade debts44 | €427 | €4,396 | ▲ 931% |
| Suppliers440/4 | €427 | €4,396 | ▲ 931% |
| Taxes, remuneration and social security45 | €2,583 | €888 | ▼ 65.6% |
| Taxes450/3 | €1,183 | €888 | ▼ 24.9% |
| Remuneration and social security454/9 | €1,400 | €0 | ▼ 100% |
| Other amounts payable47/48 | €2,431 | €4,606 | ▲ 89.4% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €229 | -€10,032 | - |
| + Depreciation and write-downs630 | €3,472 | €3,693 | ▲ 6.4% |
| Operating cash flow (approximation) | €3,701 | -€6,340 | - |
| Investment in fixed assets (approximation) | - | -€1,060 | - |
| Change in cash | - | -€4,376 | - |
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, 757 companies had the same profile as Candystan has now. Two years later, 86.8% were still going and 7.9% had gone bankrupt.
- Micro
- 2 to 5 years old
- solvency under 10%
- a loss of 10% of the balance sheet or more
Another 0.5% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Candystan itself: 4.7% 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 757 companies, not a prediction for Candystan. 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.