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Canivet frères

Active
Private limited company (pre-2019)founded 1979active for 47 yearsAvenue Louis Goblet(B) 10, 7331 Saint-Ghislain, BelgiumKBO/BCE: BE 0419.322.585
Summary

The computed 12-month bankruptcy probability of Canivet frères is 3.3% (moderate). The 2024 annual accounts show negative equity (-€41,024) and a net result of €66,927. Equity is shrinking by about 81% per year across the filed financial years. Its solvency ranks better than 6% of 35,968 sector peers (NACE 43, financial year 2024). The company has been active since 1979 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Activity
Demolition
NACE 43110Construction of roads and motorways NACE 42110
2nd oldest company in Saint-Ghislain, Construction sector1 site
Size
€213,452total assets 2024
Equity
-€41,024
Profit
€66,927
Financial health
50 Fair Checked score 2024
Bankruptcy probabilitywithin 12 months
3.3%
Structure
Accounts 75 days overdue0 of 1 deed read
Why 50raises riskSector: Specialised construction activities (NACE 43)Liquidity: current ratio 0.52, cash €4,922, halvedFigures for financial year 2024 (filed 07-11-2025)lowers riskFounded in 1979Show the evidence

Checked score

Score 2024
50 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 47% of its sector peers (NACE 43, micro)
Financial strength · tick = 2023
Weak
Solvency 6+6
equity -19.2% of total assets
Liquidity 3-5
short-term debt 119.2% · cash 2.3%
Profitability 100+100
return on assets 31.4%
Bankruptcy probability, 12 months
3.3% Moderate
0%0.5%1.5%4%10%≥ 25%

About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (47,540 companies, NACE 43, micro)
Last 24 months 11-2024: 11.4% 12-2024: 11.4%● unchanged vs 11-2024 01-2025: 12.0%▲ +0.6 percentage points vs 12-2024 02-2025: 12.0%● unchanged vs 01-2025 03-2025: 13.5%▲ +1.5 percentage points vs 02-2025highest value 04-2025: 13.5%● unchanged vs 03-2025highest value 05-2025: 13.5%● unchanged vs 04-2025highest value 06-2025: 13.5%● unchanged vs 05-2025highest value 07-2025: 13.5%● unchanged vs 06-2025highest value 08-2025: 12.9%▼ -0.6 percentage points vs 07-2025 09-2025: 12.9%● unchanged vs 08-2025 10-2025: 12.9%● unchanged vs 09-2025 11-2025: 12.9%● unchanged vs 10-2025 12-2025: 2.2%▼ -10.7 percentage points vs 11-2025 01-2026: 2.2%● unchanged vs 12-2025 02-2026: 2.2%● unchanged vs 01-2026 03-2026: 2.2%● unchanged vs 02-2026 04-2026: 2.2%● unchanged vs 03-2026 05-2026: 2.2%● unchanged vs 04-2026 06-2026: 2.1%▼ -0.1 percentage points vs 05-2026lowest value 07-2026: 2.3%▲ +0.2 percentage points vs 06-2026 08-2026: 2.8%▲ +0.5 percentage points vs 07-2026 09-2026: 3.1%▲ +0.3 percentage points vs 08-2026 10-2026: 3.3%▲ +0.2 percentage points vs 09-2026
No credit on open account
Liquidity insufficient (current ratio 0.52, compared with 0.31 in 2023, below 1; short-term debt: 119.2% and cash: 2.3% of total assets), and equity is negative.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro): better than 6% on solvency, 3% on liquidity, 93% on profitability and 86% on growth.

The bankruptcy probability was computed on 13-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Seven signals.
lowers riskraises risk
raises risk · Sector: Specialised construction activities (NACE 43)
KBO
raises risk · Liquidity: current ratio 0.52, cash €4,922, halved
NBB · annual accounts
lowers risk · Founded in 1979
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
raises risk · Figures for financial year 2024 (filed 07-11-2025)
NBB · annual accounts
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 6% of 35968 sector peers (2024).
NBB · sector comparison
Position among 35968 sector peers
Solvency
better than 6%
← weakest strongest →
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 75 days later.
NBB · 10 filings
Position against the passed deadline
31-12-2025 year end31-07-2026 deadline14-10-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 07-11-2025, 99 days past the deadline. Measured on financial year 2023: of the companies more than 90 days late, 5.61% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers.
NBB · 10 filings
Deviation from the deadline
2025
not filed
2024
99 days late
2023
464 days late
2022
830 days late
2021
122 days late
2020
12 days late
2019
185 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 285 days after the deadline; the sector median (NACE 43) for financial year 2024 is 1 day before the deadline, and 43% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2024 · micro…
  2. Annual accounts filedfinancial year 2023 · micro…
  3. Annual accounts filedfinancial year 2022 · micro…

Key points

  • Risk: Negative equityfinancial year 2024: debts exceed assets -€41,024 View
  • Caution: Among the weakest 5% on equitysector median €58,308 · 35,985 companies -€41,024 View
  • Positive: Back in profit in 2024after -€33,794 in 2023 €66,927 View
  • Caution: Accounts not fileddeadline was 31-07-2026 75 days late View
  • Active since 1979founded 12-03-1979 47 years View

By topic

Financials

Financial year
2024
Total assets
€213,452
Profit
€66,927
Solvency
-19.2%
Total assets▲ 28.4%
Net result
20182024
Go to Financials

Timeline

Events
48
Since
1980
  1. 31-12-2024Back to profit
  2. 30-11-2022Annual accounts filed
  3. 12-08-2021Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company (pre-2019)
Activity
DemolitionNACE 43110
Founded
12-03-1979
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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