CANNELLE
ActiveSummary
CANNELLE has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €41,091 and a net result of -€3,286. Equity is growing by ~11.3% per year across the filed fiscal years. Its solvency ranks better than 94% of 18606 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability20▼-41
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,500 at 30 days acceptable
Liquidity ample (current ratio 9.88 against 4.66 in 2024; short-term debt: 10.1% and cash: 0.4% of total assets), and 10.1% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
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 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% 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
89.9%
Return on assets
-7.2%
Age of the figures
15 mo
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 03-02-2026, 3 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
3 d late
2024
4 d late
2023
20 d early
2022
9 d late
2021
35 d early
2020
3 d early
2019
46 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 13 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (2)
neutral · 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. Usually files around 3 February (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close28-09-2026 today31-01-2027 deadline
History
Go further with this company
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Financials · fiscal year 2025, micro schema
Equity
€41,091▼ 7.4%
2024 · €44,377
Total assets
€45,716▼ 19.1%
2024 · €56,510
Net result
-€3,286
2024 · €5,390
Working capital
€41,091▼ 7.4%
2024 · €44,377
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, 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
Line20212022202320242025
Operating result€11,684▼ 4.6%€4,251▼ 63.6%-€2,032€6,224-€2,729
Net result€11,570within the sector's middle half▼ 3.8%€3,813within the sector's middle half▼ 67.0%-€2,164within the sector's middle half€5,390within the sector's middle half-€3,286within the sector's middle half
Equity€37,338within the sector's middle half▲ 44.9%€41,151within the sector's middle half▲ 10.2%€38,987within the sector's middle half▼ 5.3%€44,377within the sector's middle half▲ 13.8%€41,091within the sector's middle half▼ 7.4%
Total assets€59,096below the sector's middle half▲ 2.6%€44,475below the sector's middle half▼ 24.7%€106,375within the sector's middle half▲ 139%€56,510below the sector's middle half▼ 46.9%€45,716below the sector's middle half▼ 19.1%
Debt€21,758▼ 31.6%€3,324▼ 84.7%€67,388▲ 1,927%€12,134▼ 82.0%€4,625▼ 61.9%
Working capital€37,338within the sector's middle half▲ 44.6%€41,151within the sector's middle half▲ 10.2%€38,987within the sector's middle half▼ 5.3%€44,377within the sector's middle half▲ 13.8%€41,091within the sector's middle half▼ 7.4%
Solvency63.2%above the sector's middle half▲ 18.4pp92.5%above the sector's middle half▲ 29.3pp36.7%within the sector's middle half▼ 55.9pp78.5%above the sector's middle half▲ 41.9pp89.9%above the sector's middle half▲ 11.4pp
Current ratio2.72within the sector's middle half▲ 0.9013.38above the sector's middle half▲ 10.661.58within the sector's middle half▼ 11.804.66above the sector's middle half▲ 3.089.88above the sector's middle half▲ 5.23
Return on assets (ROA)19.6%above the sector's middle half▼ 1.3pp8.6%within the sector's middle half▼ 11.0pp-2.0%within the sector's middle half▼ 10.6pp9.5%within the sector's middle half▲ 11.6pp-7.2%below the sector's middle half▼ 16.7pp
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, 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 €2,729 after €6,224 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €45,716
Equity
€41,091 ▼ 7.4%
Debt
€4,625 ▼ 61.9%
Debt's share of the balance-sheet total falls from 21.5% to 10.1%. Equity and debt are lower.
Key figures and ratios
Debt to equity
0.11▼
2024 · 0.27
ROE
-8.0%▼
2024 · 12.1%
Debt ≤ 1 year
€4,625▼
2024 · €12,134
Staff costs
€387▲
2024 · €384
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 12,321 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 90% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a small loss
0.6%
went bankrupt
8.5%
stopped otherwise
90%
still going
A further 0.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 1.1% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
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 12,321 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €384 | €387 | ▲ 0.8% |
| Other operating charges640/8 | - | €300 | €100 | €250 | €100 | ▼ 60.0% |
| Gross operating margin9900 | €12,126 | €4,551 | -€1,932 | €6,859 | -€2,241 | ▼ 133% |
| Operating profit (loss)9901 | €11,684 | €4,251 | -€2,032 | €6,224 | -€2,729 | ▼ 144% |
| Financial charges65/66B | - | €438 | €132 | €835 | €557 | ▼ 33.3% |
| Recurring financial charges65 | €114 | €438 | €132 | €835 | €557 | ▼ 33.3% |
| Profit (loss) for the period before taxes9903 | €11,570 | €3,813 | -€2,164 | €5,390 | -€3,286 | ▼ 161% |
| Profit (loss) for the period9904 | €11,570 | €3,813 | -€2,164 | €5,390 | -€3,286 | ▼ 161% |
| Profit (loss) for the period to be appropriated9905 | €11,570 | €3,813 | -€2,164 | €5,390 | -€3,286 | ▼ 161% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €59,096 | €44,475 | €106,375 | €56,510 | €45,716 | ▼ 19.1% |
| Current assets29/58 | €59,096 | €44,475 | €106,375 | €56,510 | €45,716 | ▼ 19.1% |
| Stocks and contracts in progress3 | - | - | €43,417 | - | - | - |
| Stocks30/36 | - | - | €43,417 | - | - | - |
| Amounts receivable within one year40/41 | €46,024 | €43,292 | €62,594 | €56,413 | €45,546 | ▼ 19.3% |
| Trade receivables40 | - | €30,058 | €55,360 | €41,720 | €36,407 | ▼ 12.7% |
| Other amounts receivable41 | - | €13,234 | €7,234 | €14,693 | €9,139 | ▼ 37.8% |
| Cash at bank and in hand54/58 | €13,073 | €1,182 | €363 | €98 | €170 | ▲ 74.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €59,096 | €44,475 | €106,375 | €56,510 | €45,716 | ▼ 19.1% |
| Equity10/15 | €37,338 | €41,151 | €38,987 | €44,377 | €41,091 | ▼ 7.4% |
| Contributions10/11 | - | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €117,721 | €117,721 | €117,721 | €117,721 | €117,721 | = |
| Non-distributable reserves130/1 | - | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Reserves not available under the articles1311 | - | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Tax-exempt reserves132 | - | €3,974 | €3,974 | €3,974 | €3,974 | = |
| Distributable reserves133 | - | €111,888 | €111,888 | €111,888 | €111,888 | = |
| Profit (loss) carried forward14 | -€98,975 | -€95,163 | -€97,326 | -€91,937 | -€95,222 | ▼ 3.6% |
| Amounts payable17/49 | €21,758 | €3,324 | €67,388 | €12,134 | €4,625 | ▼ 61.9% |
| Amounts payable within one year42/48 | €21,758 | €3,324 | €67,388 | €12,134 | €4,625 | ▼ 61.9% |
| Financial debts43 | - | - | - | €29 | - | - |
| Credit institutions430/8 | - | - | - | €29 | - | - |
| Trade debts44 | €2,702 | €1,400 | €33,773 | €3,784 | €4,433 | ▲ 17.1% |
| Suppliers440/4 | - | €1,400 | €33,773 | €3,784 | €4,433 | ▲ 17.1% |
| Taxes, remuneration and social security45 | - | €1,718 | €1,688 | - | - | - |
| Taxes450/3 | - | €1,718 | €1,688 | - | - | - |
| Other amounts payable47/48 | - | €206 | €31,926 | €8,320 | €192 | ▼ 97.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €11,570 | €3,813 | -€2,164 | €5,390 | -€3,286 | ▼ 161% |
| Operating cash flow (approximation) | €11,570 | €3,813 | -€2,164 | €5,390 | -€3,286 | ▼ 161% |
| Change in cash | - | -€11,890 | -€819 | -€266 | €72 | ▲ 127% |
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
03-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 3 days late
2025
30-06
Financial
Weakest financial yearnet -€3,286
Net result drops to -€3,286, the lowest in the series.
30-06
Financial
Liquidity doublescurrent ratio 9.88
Current ratio from 4.66 to 9.88; short-term debt falls from €12,134 to €4,625.
04-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 4 days late
2024
30-06
Financial
Back to profitnet €5,390
Net result €5,390 after one loss-making year.
30-06
Financial
Liquidity triplescurrent ratio 4.66
Current ratio from 1.58 to 4.66; short-term debt falls from €67,388 to €12,134.
11-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
09-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 9 days late
2022
30-06
Financial
Liquidity times 5current ratio 13.38
Current ratio from 2.72 to 13.38; short-term debt falls from €21,758 to €3,324.
2021
27-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
28-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-06
Financial
Highest result since 2019net €12,023 ▲60.4%
Operating result €12,247, net result €12,023, both a record.
Show earlier events
2019
16-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
20-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
28-03
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 56 days late
2017
09-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 221 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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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, Ukkel · 1 establishment unit since 2010
Ground area
1,594 m²
Building footprint
496 m²
Volume, LiDAR
11,798 m³
2 parcels, Brussels, Wallonia · tallest building 30.2 m, ±9 floors. Linked by address, not a title deed.
64
companies at this address
See who is registered here
1 establishment unit
LEONIDAS-CANNELLE
since 20102.205.013.007
2 parcels
Wallonia
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21618B0276/00V058 | Brussels | 1,515 m² | 1 · 438 m² | 30.2 m · 9 fl. |
| 82302B0264/00C000 | Wallonia | 79 m² | 1 · 58 m² | 16.9 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 899 companies in sector 47242 we hold annual accounts for 340. 293 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 (pre-2019)
Founded01-10-1988
Fiscal year end30-06
Activities, NACEBEL 2025
47241Retail sale of bread and pastry (bakery outlets)
47242Retail sale of chocolate and confectionery
E-invoicing
Reachable via Peppol
Peppol ID
0208:0435623931
Also
9925:BE0435623931
Registered
16-04-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.