CANNAERT

Active

Private limited companyfounded 200520 yrs activeWaterputstraat(Wijtsch) 5, 8953 Heuvelland, BelgiumKBO/BCE: BE 0877.934.726

CANNAERT has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €41k and a net result of €-227k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 25% of 1522 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).

Watch Print / PDF

Checked score

Score 2025

2 / 100

Critical▼ -66 vs 2024

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability0▼-100

Solvency6▼-41

Growth32▼-46

Stability100

Bankruptcy probability, 12 months

1.1% Low

0%0.5%1.5%4%10%≥ 25%

No credit on open account

Liquidity short (current ratio 0.63 against 1.01 in 2024), and 95% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Eight signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 10

Relative position

BE, all sectors

reference

Sector 10

higher

← fewer bankruptcies more bankruptcies →

Multiple establishment units

Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.

KBO · establishment units

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

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 2025

Solvency, return and age of the figures

Solvency

Return on assets

-27.6%

Age of the figures

14 mo

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 25% of 1522 sector peers (2025).

NBB · sector comparison

Position among 1522 sector peers

Solvency

better than 25%

← weakest strongest →

Latest accounts filed on time

The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 30-01-2026, 1 day ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

1 d early

2024

73 d early

2023

8 d late

2022

53 d early

2021

54 d early

2020

1 d late

2019

17 d early

← before the deadline after the deadline →

The next deadline is still running

The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.

Companies Code · seven months

Position in the running window

30-06-2026 close13-09-2026 today31-01-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, micro schema

Equity

€41k▼ 84.8%

2024 · €268k

2019: €74k 2020: €155k 2021: €165k 2022: €68k 2023: €172k 2024: €268k

2019 → 2025

Total assets

€822k▼ 9.8%

2024 · €911k

2019: €417k 2020: €631k 2021: €663k 2022: €577k 2023: €649k 2024: €911k

2019 → 2025

Net result

€-227k

2024 · €96k

2019: €-23k 2020: €102k 2021: €25k 2022: €-97k 2023: €104k 2024: €96k

2019 → 2025

Working capital

€-137k

2024 · €6k

2019: €-30k 2020: €17k 2021: €-316k 2022: €-359k 2023: €-198k 2024: €6k

2019 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Equity€165k-€68k▼ 58.7%€172k▲ 152%€268k▲ 56.0%€41k▼ 84.8%

Operating result€31k-€-93k€108k€131k▲ 21.4%€-226k

Net result€25k-€-97k€104k€96k▼ 7.2%€-227k

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 €226k after €131k in 2024, the lowest year so far.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €822k

71.9%

28.1%

Fixed assets €591k▲ 96.5%

Current assets €231k▼ 62.2%

Equity and liabilities €822k

91.6%

Equity €41k▼ 84.8%

Provisions €28k▼ 4.1%

Debt €753k▲ 22.6%

The debt ratio rises from 67.4% to 91.6%: debt grows while equity shrinks.

Key figures and ratios

2025 value · change against 2024

EBITDA

€-207k▼

2024 · €188k

Cash flow

€-207k▼

2024 · €153k

Solvency

5.0%▼

2024 · 29.4%

Current ratio

0.63▼

2024 · 1.01

Quick ratio

0.04▼

2024 · 0.39

Debt / equity

18.45▲

2024 · 2.29

ROE

-556.0%▼

2024 · 35.9%

ROA

-27.6%▼

2024 · 10.5%

Interest coverage

-218.30▼

2024 · 56.94

Debt

€753k▲

2024 · €614k

Debt ≤ 1 year

€368k▼

2024 · €604k

Debt > 1 year

€385k▲

2024 · €9k

Income taxes

€2k▼

2024 · €3k

Staff costs

€58

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2025 against 2024

Balance sheet Code20242025

Assets

Total assets20/58€911k€822k▼

Fixed assets21/28€301k€591k▲

Tangible fixed assets22/27€301k€591k▲

Land and buildings22-€475k

Plant, machinery and equipment23€11k€22k▲

Furniture and vehicles24€2k€55k▲

Other tangible fixed assets26€288k€40k▼

Current assets29/58€610k€231k▼

Stocks and contracts in progress3€376k€214k▼

Stocks30/36€376k€214k▼

Amounts receivable within one year40/41€51k€8k▼

Trade receivables40€51k€3k▼

Other amounts receivable41€301€5k▲

Cash at bank and in hand54/58€183k€9k▼

Equity and liabilities

Total equity and liabilities10/49€911k€822k▼

Equity10/15€268k€41k▼

Contributions10/11€56k€56k=

Reserves13€100k€96k▼

Tax-exempt reserves132€88k€84k▼

Distributable reserves133€12k€12k=

Profit (loss) carried forward14€112k€-112k▼

Provisions and deferred taxes16€29k€28k▼

Deferred taxes168€29k€28k▼

Amounts payable17/49€614k€753k▲

Amounts payable after more than one year17€9k€385k▲

Financial debts170/4€9k€385k▲

Amounts payable within one year42/48€604k€368k▼

Current portion of amounts payable after more than one year42€18k€31k▲

Trade debts44€323k€3k▼

Suppliers440/4€323k€3k▼

Taxes, remuneration and social security45€18k€15k▼

Taxes450/3€4k€714▼

Remuneration and social security454/9€14k€14k=

Other amounts payable47/48€245k€319k▲

Income statement Code20242025

Non-recurring operating income76A€118k-

Remuneration, social security and pensions62-€58

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€57k€19k▼

Other operating charges640/8€2k€60k▲

Non-recurring operating charges66A-€236k

Gross operating margin9900€191k€89k▼

Operating profit (loss)9901€131k€-226k▼

Financial income75/76B€461€1k▲

Recurring financial income75€461€1k▲

Financial charges65/66B€3k€948▼

Recurring financial charges65€3k€948▼

Profit (loss) for the period before taxes9903€128k€-226k▼

Transfer from deferred taxes780-€1k

Transfer to deferred taxes680€29k-

Income taxes67/77€3k€2k▼

Profit (loss) for the period9904€96k€-227k▼

Transfer from tax-exempt reserves789-€4k

Transfer to tax-exempt reserves689€88k-

Profit (loss) for the period to be appropriated9905€8k€-223k▼

Appropriation of the result

Profit (loss) to be appropriated9906€112k€-112k▼

Profit (loss) brought forward from the previous period14P€104k€112k▲

The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Download as CSV

Timeline · acts, filings and financial milestones

All 16Financial 6Filings 10

Next filing, fiscal year 2026, expected by 31-01-2027

2026

30-01

NBB filing Annual accounts filed

fiscal year 2025 · micro schema

2025

30-06

Financial Weakest financial yearnet €-227k ▼336%

Net result drops to €-227k, the lowest in the series.

2024

19-11

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

30-06

Financial Equity above €200kEq €268k ▲56%

2 profitable years in a row build equity to €268k.

08-02

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 8 days late

2023

30-06

Financial Back to profitnet €104k

Net result €104k after one loss-making year.

30-06

Financial Equity above €150kEq €172k ▲152%

Equity rises from €68k to €172k.

2022

09-12

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

2021

08-12

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

01-02

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 1 day late

2020

30-06

Financial Back to profitnet €102k

Net result €102k after one loss-making year.

30-06

Financial Equity above €150kEq €155k ▲109%

Equity rises from €74k to €155k.

14-01

NBB filing Annual accounts filed

fiscal year 2019 · micro schema

2019

12-02

NBB filing Annual accounts filed

fiscal year 2018 · micro schema · 12 days late

2018

10-03

NBB filing Annual accounts filed

fiscal year 2017 · micro schema · 38 days late

2017

06-03

NBB filing Annual accounts filed

fiscal year 2016 · abbreviated schema · 34 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

7 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, Heuvelland · 2 establishment units since 2006

establishment All 2 establishment units on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Waterputstraat(Wijtsch) 58953 Heuvelland

Ground area

1,299 m²

Building footprint

425 m²

Volume, LiDAR

1,994 m³

2 parcels, Flanders · tallest building 7.5 m, ±2 floors. Linked by address, not a title deed.

2 establishment units

BRUNNAERT

Waterputstraat(Wijtsch) 5, 8953 HeuvellandNACE 7415101

since 20062.150.984.205

CANNAERT

Zonnebeekseweg 194a, 8900 IeperCrop and animal production, hunting and related service activities

since 20222.337.630.417

2 parcels

Flanders 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
33032D0233/00N000	Flanders	724 m²	1 · 314 m²	7.2 m · 1 fl.
33302B0120/00S000	Flanders	575 m²	1 · 112 m²	7.5 m · 2 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1 · via establishment units: 1

2 of 2 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Similar companies · same sector, comparable size

IJssloeberke Productie

BE 0415.905.514

Kasterlee · Eq €42k

Of 606 companies in sector 10520 we hold annual accounts for 234. 190 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded15-12-2005

Fiscal year end30-06

Activities, NACEBEL

10520Manufacture of food products

01620Support activities for animal production

Sources

Crossroads Bank for EnterprisesNational Bank · 20 filingsAddress and cadastre registers

Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.