CanM
ActiveSummary
The computed 12-month bankruptcy probability of CanM is 2.2% (moderate). The 2025 annual accounts show equity of €4,997 and a net result of -€1,009. Equity is shrinking by ~11% per year across the filed fiscal years. Its solvency ranks better than 34% of 1006 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability11▼-54
Solvency57▼-18
Growth32=
Track record94
Bankruptcy probability, 12 months
2.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Liquidity short (current ratio 0.76 against 0.91 in 2024; short-term debt: 68.4% and cash: 9.9% of total assets), and 68.4% 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
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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 42
Relative position
BE, all sectors
reference
Civil engineering (NACE 42)
about 27% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 2025Solvency, return and age of the figures
Solvency
31.6%
Return on assets
-6.4%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 02-06-2026, 59 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
59 d early
2024
44 d early
2023
28 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 44 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 40% 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.
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€4,997▼ 16.8%
2024 · €6,006
Total assets
€15,826▲ 31.3%
2024 · €12,050
Net result
-€1,009▼ 218%
2024 · -€318
Working capital
-€2,604▼ 401%
2024 · -€520
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 42, Civil engineering, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line202320242025
Operating result€3,697-€450▼ 87.8%-€4,851
Net result€2,324within the sector's middle half--€318below the sector's middle half-€1,009below the sector's middle half▼ 218%
Equity€6,324below the sector's middle half-€6,006below the sector's middle half▼ 5.0%€4,997below the sector's middle half▼ 16.8%
Total assets€17,516below the sector's middle half-€12,050below the sector's middle half▼ 31.2%€15,826below the sector's middle half▲ 31.3%
Debt€11,192-€6,044▼ 46.0%€10,829▲ 79.2%
Working capital€5,277within the sector's middle half--€520below the sector's middle half-€2,604below the sector's middle half▼ 401%
Solvency36.1%within the sector's middle half-49.8%within the sector's middle half▲ 13.7pp31.6%within the sector's middle half▼ 18.3pp
Current ratio1.47within the sector's middle half-0.91below the sector's middle half▼ 0.560.76below the sector's middle half▼ 0.15
Return on assets (ROA)13.3%within the sector's middle half--2.6%below the sector's middle half▼ 15.9pp-6.4%below the sector's middle half▼ 3.7pp
above
within
below
the middle half (P25 to P75) of NACE 42, Civil engineering, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €4,851 after €450 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €15,826
Fixed assets
€7,601 ▲ 16.5%
Current assets
€8,226 ▲ 48.9%
Equity and liabilities €15,826
Equity
€4,997 ▼ 16.8%
Debt
€10,829 ▲ 79.2%
Debt's share of the balance-sheet total rises from 50.2% to 68.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€3,492▼
2024 · €1,191
Cash flow
€350▼
2024 · €423
Quick ratio
0.51▼
2024 · 0.91
Debt to equity
2.17▲
2024 · 1.01
ROE
-20.2%▼
2024 · -5.3%
Interest coverage
-12.17▼
2024 · 7.41
Debt ≤ 1 year
€10,829▲
2024 · €6,044
Income taxes
-€7▼
2024 · €607
Staff costs
€887
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,148 companies that looked in July 2024 the way this one looks now, 2.1% went bankrupt within 24 months and 92% are still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a small loss
2.1%
went bankrupt
5.8%
stopped otherwise
92%
still going
A further 0.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.2% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 2,148 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 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €887 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €154 | €741 | €1,359 | ▲ 83.5% |
| Other operating charges640/8 | €238 | €669 | €1,906 | ▲ 185% |
| Gross operating margin9900 | €4,090 | €1,860 | -€699 | ▼ 138% |
| Operating profit (loss)9901 | €3,697 | €450 | -€4,851 | ▼ 1,177% |
| Financial income75/76B | €4 | - | €4,382 | - |
| Recurring financial income75 | €4 | - | €643 | - |
| Non-recurring financial income76B | - | - | €3,739 | - |
| Financial charges65/66B | €15 | €161 | €547 | ▲ 240% |
| Recurring financial charges65 | €15 | €161 | €287 | ▲ 78.3% |
| Non-recurring financial charges66B | - | - | €260 | - |
| Profit (loss) for the period before taxes9903 | €3,686 | €290 | -€1,017 | ▼ 451% |
| Income taxes67/77 | €1,362 | €607 | -€7 | ▼ 101% |
| Profit (loss) for the period9904 | €2,324 | -€318 | -€1,009 | ▼ 218% |
| Profit (loss) for the period to be appropriated9905 | €2,324 | -€318 | -€1,009 | ▼ 218% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €17,516 | €12,050 | €15,826 | ▲ 31.3% |
| Fixed assets21/28 | €1,047 | €6,526 | €7,601 | ▲ 16.5% |
| Tangible fixed assets22/27 | €1,047 | €6,526 | €7,601 | ▲ 16.5% |
| Plant, machinery and equipment23 | €1,047 | €3,757 | €4,309 | ▲ 14.7% |
| Furniture and vehicles24 | - | €2,769 | €3,291 | ▲ 18.8% |
| Current assets29/58 | €16,469 | €5,524 | €8,226 | ▲ 48.9% |
| Stocks and contracts in progress3 | - | - | €2,689 | - |
| Stocks30/36 | - | - | €2,689 | - |
| Amounts receivable within one year40/41 | €9,323 | €5,475 | €3,884 | ▼ 29.0% |
| Trade receivables40 | €8,450 | €3,275 | - | - |
| Other amounts receivable41 | €873 | €2,200 | €3,884 | ▲ 76.6% |
| Cash at bank and in hand54/58 | €7,145 | €50 | €1,569 | ▲ 3,057% |
| Deferred charges and accrued income490/1 | - | - | €84 | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €17,516 | €12,050 | €15,826 | ▲ 31.3% |
| Equity10/15 | €6,324 | €6,006 | €4,997 | ▼ 16.8% |
| Contributions10/11 | €4,000 | €4,000 | €4,000 | = |
| Profit (loss) carried forward14 | €2,324 | €2,006 | €997 | ▼ 50.3% |
| Amounts payable17/49 | €11,192 | €6,044 | €10,829 | ▲ 79.2% |
| Amounts payable within one year42/48 | €11,192 | €6,044 | €10,829 | ▲ 79.2% |
| Trade debts44 | €586 | €1,482 | €1,042 | ▼ 29.7% |
| Suppliers440/4 | €586 | €1,482 | €1,042 | ▼ 29.7% |
| Advances received on contracts in progress46 | €7,650 | - | €9,240 | - |
| Taxes, remuneration and social security45 | €2,362 | €1,969 | €547 | ▼ 72.2% |
| Taxes450/3 | €2,362 | €1,969 | - | - |
| Remuneration and social security454/9 | - | - | €547 | - |
| Other amounts payable47/48 | €594 | €2,593 | - | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,324 | -€318 | -€1,009 | ▼ 218% |
| + Depreciation and write-downs630 | €154 | €741 | €1,359 | ▲ 83.5% |
| Operating cash flow (approximation) | €2,478 | €423 | €350 | ▼ 17.3% |
| Investment in fixed assets (approximation) | - | -€6,220 | -€2,434 | ▲ 60.9% |
| Change in cash | - | -€7,096 | €1,519 | ▲ 121% |
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
02-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet -€1,009
Net result drops to -€1,009, the lowest in the series.
17-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
03-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
3 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, Evergem · 1 establishment unit since 2022
Ground area
653 m²
Building footprint
129 m²
Volume, LiDAR
571 m³
Parcel 44302E0912/00K000, Flanders · tallest building 6.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
De Foodcar
since 20222.337.254.788
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44302E0912/00K000 | Flanders | 653 m² | 1 · 129 m² | 6.0 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteEvergem2.337.254.788
Similar companies · same sector, comparable size
RK GROUP
BE 1006.128.936
Gent · Eq €5,016
VNH ELEC
BE 1011.711.582
Mons · Eq €5,048
BYA GROUP
BE 0798.165.191
Houthalen-Helchteren · Eq €4,916
GOLDEN SLICE
BE 0777.693.243
Lebbeke · Eq €5,197
BAMO SERVICE
BE 1008.491.479
Beveren-Kruibeke-Zwijndrecht · Eq €4,783
Of 1,824 companies in sector 42220 we hold annual accounts for 958. 377 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded26-10-2022
Fiscal year end31-12
Activities, NACEBEL 2025
42220Construction of utility projects for electricity and telecommunications
E-invoicing
Reachable via Peppol
Peppol ID
0208:0792889777
Also
9925:BE0792889777
Registered
05-01-2026
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.