CANE IMMO
ActiveFinancials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 08-01-2026 PDF all 13 filings
Turnover
≈ €170,000
Estimated: probably between €90,000 and €340,000
Total assets
€258,957▼ 14.5%
2024 · €302,882
Net result
-€1,636
2024 · €4,146
Working capital
€5,111▼ 72.2%
2024 · €18,405
In the rankings
#6 oldest company in Kinrooi, Real estate sector
Multi-year overview
2019 to 2025, 7 financial yearsOperating result
€3,882
▼ 68.6%
2025
20192025
Net result
-€1,636
2025
middle half of the sector
20192025
Equity
€140,377
▼ 1.2%
2025
middle half of the sector
20192025
Total assets
€258,957
▼ 14.5%
2025
lowest quarter of the sector
20192025
Debt
€118,580
▼ 26.3%
2025
20192025
Working capital
€5,111
▼ 72.2%
2025
middle half of the sector
20192025
Solvency
54.2%
▲ 7.3pp
2025
middle half of the sector
20192025
Current ratio
1.10
▼ 0.25
2025
middle half of the sector
20192025
Return on assets (ROA)
-0.6%
▼ 2.0pp
2025
middle half of the sector
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result€2,642-€619▼ 76.6%€53,522▲ 87×€30,043▼ 43.9%€31,804▲ 5.9%€12,345▼ 61.2%€3,882▼ 68.6%
Net result-€10,509--€11,561below the sector's middle half▼ 10.0%€35,634within the sector's middle half€14,393within the sector's middle half▼ 59.6%€17,831within the sector's middle half▲ 23.9%€4,146within the sector's middle half▼ 76.7%-€1,636within the sector's middle half
Equity€81,570-€70,009below the sector's middle half▼ 14.2%€105,643within the sector's middle half▲ 50.9%€120,035within the sector's middle half▲ 13.6%€137,866within the sector's middle half▲ 14.9%€142,012within the sector's middle half▲ 3.0%€140,377within the sector's middle half▼ 1.2%
Total assets€524,795-€476,440below the sector's middle half▼ 9.2%€484,379below the sector's middle half▲ 1.7%€357,794below the sector's middle half▼ 26.1%€323,893below the sector's middle half▼ 9.5%€302,882below the sector's middle half▼ 6.5%€258,957below the sector's middle half▼ 14.5%
Debt€443,225-€406,431▼ 8.3%€378,737▼ 6.8%€237,758▼ 37.2%€186,027▼ 21.8%€160,870▼ 13.5%€118,580▼ 26.3%
Working capital-€59,797--€54,198within the sector's middle half▲ 9.4%€48,928within the sector's middle half€4,007within the sector's middle half▼ 91.8%€5,442within the sector's middle half▲ 35.8%€18,405within the sector's middle half▲ 238%€5,111within the sector's middle half▼ 72.2%
Solvency15.5%-14.7%within the sector's middle half▼ 0.8pp21.8%within the sector's middle half▲ 7.1pp33.5%within the sector's middle half▲ 11.7pp42.6%within the sector's middle half▲ 9.0pp46.9%within the sector's middle half▲ 4.3pp54.2%within the sector's middle half▲ 7.3pp
Current ratio0.51-0.45below the sector's middle half▼ 0.061.43within the sector's middle half▲ 0.981.06within the sector's middle half▼ 0.371.09within the sector's middle half▲ 0.031.35within the sector's middle half▲ 0.251.10within the sector's middle half▼ 0.25
Return on assets (ROA)-2.0%--2.4%below the sector's middle half▼ 0.4pp7.4%above the sector's middle half▲ 9.8pp4.0%within the sector's middle half▼ 3.3pp5.5%above the sector's middle half▲ 1.5pp1.4%within the sector's middle half▼ 4.1pp-0.6%within the sector's middle half▼ 2.0pp
above
within
below
The sector band is the middle half of the companies in Real estate activities (NACE 68). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 69% lower than in 2024 and the lowest since 2021. It is the second fall in a row.
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €258,957
Fixed assets
€202,745 ▼ 12.5%
Current assets
€56,212 ▼ 21.1%
Equity and liabilities €258,957
Equity
€140,377 ▼ 1.2%
Debt
€118,580 ▼ 26.3%
Debt's share of the balance-sheet total falls from 53.1% to 45.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
€32,735▼
2024 · €41,410
Cash flow
€27,217▼
2024 · €33,211
Debt to equity
0.84▼
2024 · 1.13
ROE
-1.2%▼
2024 · 2.9%
Interest coverage
5.92▼
2024 · 6.15
Debt ≤ 1 year
€51,101▼
2024 · €52,880
Debt > 1 year
€62,292▼
2024 · €103,062
Income taxes
€0▼
2024 · €1,509
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €0 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €31,423 | €31,423 | €31,532 | €31,704 | €29,117 | €29,065 | €28,853 | ▼ 0.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | - | - | €21,652 | - |
| Other operating charges640/8 | - | - | - | €9,571 | €14,458 | €12,024 | €12,442 | ▲ 3.5% |
| Gross operating margin9900 | €42,879 | €42,177 | €104,119 | €71,319 | €75,378 | €53,434 | €66,829 | ▲ 25.1% |
| Operating profit (loss)9901 | €2,642 | €619 | €53,522 | €30,043 | €31,804 | €12,345 | €3,882 | ▼ 68.6% |
| Financial income75/76B | - | - | - | €25 | €0 | €47 | €9 | ▼ 81.6% |
| Recurring financial income75 | - | - | €0 | €25 | €0 | €47 | €9 | ▼ 81.6% |
| Financial charges65/66B | - | - | - | €10,445 | €7,493 | €6,737 | €5,526 | ▼ 18.0% |
| Recurring financial charges65 | €13,151 | €12,179 | €12,846 | €10,445 | €7,493 | €6,737 | €5,526 | ▼ 18.0% |
| Profit (loss) for the period before taxes9903 | -€10,509 | -€11,561 | €40,676 | €19,624 | €24,310 | €5,655 | -€1,636 | - |
| Income taxes67/77 | - | - | €5,042 | €5,231 | €6,479 | €1,509 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | -€10,509 | -€11,561 | €35,634 | €14,393 | €17,831 | €4,146 | -€1,636 | - |
| Profit (loss) for the period to be appropriated9905 | -€10,509 | -€11,561 | €35,634 | €14,393 | €17,831 | €4,146 | -€1,636 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €524,795 | €476,440 | €484,379 | €357,794 | €323,893 | €302,882 | €258,957 | ▼ 14.5% |
| Fixed assets21/28 | €463,030 | €431,607 | €321,484 | €289,779 | €260,663 | €231,598 | €202,745 | ▼ 12.5% |
| Tangible fixed assets22/27 | €463,030 | €431,607 | €321,484 | €289,779 | €260,663 | €231,598 | €202,745 | ▼ 12.5% |
| Land and buildings22 | - | - | - | €288,762 | €259,927 | €231,143 | €202,572 | ▼ 12.4% |
| Plant, machinery and equipment23 | - | - | - | €1,018 | €736 | €454 | €173 | ▼ 62.0% |
| Current assets29/58 | €61,764 | €44,833 | €162,896 | €68,015 | €63,231 | €71,284 | €56,212 | ▼ 21.1% |
| Amounts receivable within one year40/41 | €58,838 | €40,223 | €17,943 | €42,446 | €48,193 | €62,530 | €37,664 | ▼ 39.8% |
| Trade receivables40 | - | - | - | €42,446 | €48,193 | €62,476 | €37,664 | ▼ 39.7% |
| Other amounts receivable41 | - | - | - | - | - | €54 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €2,926 | €4,610 | €144,068 | €24,611 | €15,037 | €5,699 | €18,548 | ▲ 225% |
| Deferred charges and accrued income490/1 | - | - | - | €958 | €0 | €3,055 | €0 | ▼ 100% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €524,795 | €476,440 | €484,379 | €357,794 | €323,893 | €302,882 | €258,957 | ▼ 14.5% |
| Equity10/15 | €81,570 | €70,009 | €105,643 | €120,035 | €137,866 | €142,012 | €140,377 | ▼ 1.2% |
| Contributions10/11 | €80,000 | - | - | €80,000 | €80,000 | €80,000 | €80,000 | = |
| Reserves13 | €1,570 | €780 | €25,643 | €40,035 | €57,866 | €62,012 | €60,377 | ▼ 2.6% |
| Non-distributable reserves130/1 | - | - | - | €780 | €780 | €0 | - | - |
| Reserves not available under the articles1311 | - | - | - | €780 | €780 | €0 | - | - |
| Distributable reserves133 | - | - | - | €39,255 | €57,086 | €62,012 | €60,377 | ▼ 2.6% |
| Profit (loss) carried forward14 | - | -€10,771 | - | - | - | - | - | - |
| Amounts payable17/49 | €443,225 | €406,431 | €378,737 | €237,758 | €186,027 | €160,870 | €118,580 | ▼ 26.3% |
| Amounts payable after more than one year17 | €320,045 | €298,604 | €255,454 | €165,452 | €124,421 | €103,062 | €62,292 | ▼ 39.6% |
| Financial debts170/4 | - | - | - | €164,108 | €122,300 | €85,640 | €48,980 | ▼ 42.8% |
| Other amounts payable178/9 | - | - | - | €1,344 | €2,121 | €17,422 | €13,312 | ▼ 23.6% |
| Amounts payable within one year42/48 | €121,561 | €99,030 | €113,967 | €64,008 | €57,789 | €52,880 | €51,101 | ▼ 3.4% |
| Current portion of amounts payable after more than one year42 | - | - | - | €43,347 | €41,808 | €36,660 | €36,660 | = |
| Trade debts44 | €21,837 | €488 | €849 | €2,312 | €821 | €438 | €901 | ▲ 106% |
| Suppliers440/4 | - | - | - | €2,312 | €821 | €438 | €901 | ▲ 106% |
| Taxes, remuneration and social security45 | - | - | - | €6,342 | €6,581 | €3,086 | €724 | ▼ 76.5% |
| Taxes450/3 | - | - | - | €6,342 | €6,581 | €3,086 | €724 | ▼ 76.5% |
| Other amounts payable47/48 | - | - | - | €12,007 | €8,579 | €12,696 | €12,816 | ▲ 0.9% |
| Accrued charges and deferred income492/3 | - | - | - | €8,299 | €3,817 | €4,928 | €5,187 | ▲ 5.3% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€10,509 | -€11,561 | €35,634 | €14,393 | €17,831 | €4,146 | -€1,636 | - |
| + Depreciation and write-downs630 | €31,423 | €31,423 | €31,532 | €31,704 | €29,117 | €29,065 | €28,853 | ▼ 0.7% |
| Operating cash flow (approximation) | €20,914 | €19,862 | €67,166 | €46,097 | €46,948 | €33,211 | €27,217 | ▼ 18.0% |
| Investment in fixed assets (approximation) | - | €0 | €78,592 | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €1,683 | €139,458 | -€119,457 | -€9,574 | -€9,338 | €12,849 | - |
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, 6,908 companies had the same profile as CANE IMMO has now. Two years later, 90.9% were still going and 1.1% had gone bankrupt.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a small loss
90.9%
was still going
7.8%
stopped otherwise
1.1%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of CANE IMMO itself: 0.2% 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 6,908 companies, not a prediction for CANE IMMO. 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.
Latest 10 of 13 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | abbreviated format | 08-01-2026 | 2026-00005092 | |
| 30-06-2024 | abbreviated format | 08-01-2025 | 2025-00002494 | |
| 30-06-2023 | abbreviated format | 04-01-2024 | 2024-00545048 | |
| 30-06-2022 | abbreviated format | 02-01-2023 | 2023-20554713 | |
| 30-06-2021 | abbreviated format | 31-01-2022 | 2022-03800229 | |
| 30-06-2020 | abbreviated format | 25-01-2021 | 2021-01900596 | |
| 30-06-2019 | abbreviated format | 23-01-2020 | 2020-02000488 | |
| 30-06-2018 | abbreviated format | 23-01-2019 | 2019-01900412 | |
| 30-06-2017 | abbreviated format | 09-01-2018 | 2018-00800601 | |
| 30-06-2016 | abbreviated format | 13-01-2017 | 2017-01500177 |