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CANTILLANA

Active
Public limited companyfounded 1986active for 40 yearsKortrijksesteenweg 1084, 9051 Gent, Belgium17 active companies are registered at this addressKBO/BCE: BE 0429.272.114
Summary

The annual accounts of CANTILLANA for financial year 2025 show a net loss of 89% of the equity at the start of that year. The 2025 annual accounts show equity of €878,462 and a net result of -€7.2m. Equity is shrinking by about 13% per year across the filed financial years. Its solvency ranks better than 6% of 359 sector peers (NACE 23, financial year 2025). The company has been active since 1986 and the Belgian Official Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 1.1% (low).

Overview

Activity
Manufacture of other non-metallic mineral products
NACE 23630Manufacture of other non-metallic mineral products NACE 23640
8th largest company by total assets in East Flanders, Non-metallic mineral products sector3 sites
Size
€33.8mturnover 2025
Staff
96.8 FTE
Equity
€878,462
Loss
-€7.2m
Financial health
53 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
1.1%
Structure
Parent
Cantillana Group · 100%
Holdings
3
Accounts 35 days early3 of 27 deeds read
Why 53raises riskCapped at 59: a net loss of at least half of total assets or of the equity at the start of the financial yearLoss of €7.2m, the second in a row (financial year 2025)Equity €878,462 (3.0% of total assets)Liquidity: current ratio 0.25, cash €0lowers riskSector: Manufacture of other non-metallic mineral products (NACE 23)Show the evidence

Checked score

Score 2025
53 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 9% of its sector peers (NACE 23, medium-sized)
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59. Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Weak
Solvency 28-20
equity 3.0% of total assets
Liquidity 0-8
short-term debt 97.0% · cash 0.0%
Profitability 0-36
return on assets -24.3%
Bankruptcy probability, 12 months
1.1% Low
0%0.5%1.5%4%10%≥ 25%

About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (52 companies, NACE 23, medium-sized)
Last 24 months 11-2024: 0.9% 12-2024: 0.9%● unchanged vs 11-2024 01-2025: 0.9%● unchanged vs 12-2024 02-2025: 0.9%● unchanged vs 01-2025 03-2025: 0.9%● unchanged vs 02-2025 04-2025: 0.9%● unchanged vs 03-2025 05-2025: 0.8%▼ -0.1 percentage points vs 04-2025 06-2025: 0.8%● unchanged vs 05-2025 07-2025: 0.8%● unchanged vs 06-2025 08-2025: 0.6%▼ -0.2 percentage points vs 07-2025 09-2025: 0.4%▼ -0.2 percentage points vs 08-2025 10-2025: 0.4%● unchanged vs 09-2025 11-2025: 0.4%● unchanged vs 10-2025 12-2025: 0.4%● unchanged vs 11-2025 01-2026: 0.4%● unchanged vs 12-2025 02-2026: 0.4%● unchanged vs 01-2026lowest value 03-2026: 0.4%● unchanged vs 02-2026 04-2026: 0.4%● unchanged vs 03-2026 05-2026: 0.4%● unchanged vs 04-2026 06-2026: 0.4%● unchanged vs 05-2026 07-2026: 1.1%▲ +0.7 percentage points vs 06-2026highest value 08-2026: 1.1%● unchanged vs 07-2026highest value 09-2026: 1.1%● unchanged vs 08-2026highest value 10-2026: 1.1%● unchanged vs 09-2026highest value
Credit of up to €45,000 on 30-day terms, only on tighter conditions
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity insufficient (current ratio 0.25, compared with 0.49 in 2024, below 1; short-term debt: 97% and cash: 0% of total assets), and 97% of the assets are financed with debt and provisions.
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 23, medium-sized): better than 8% on solvency, 2% on liquidity, 6% on profitability and 19% on growth.

The bankruptcy probability was computed on 16-10-2026 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 riskneutral
raises risk · Loss of €7.2m, the second in a row (financial year 2025)
NBB · annual accounts
raises risk · Equity €878,462 (3.0% of total assets)
NBB · annual accounts
raises risk · Liquidity: current ratio 0.25, cash €0
NBB · annual accounts
lowers risk · Sector: Manufacture of other non-metallic mineral products (NACE 23)
KBO
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025
Net result per financial year
1819202122232425
2018 to 2025 · latest year -€7.2m
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 6% of 359 sector peers (2025).
NBB · sector comparison
Position among 359 sector peers
Solvency
better than 6%
← weakest strongest →
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 26-06-2026, 35 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
35 days early
2024
24 days early
2023
37 days early
2022
26 days early
2021
20 days early
2020
8 days early
2019
33 days late
← 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 17 days before the deadline; the sector median (NACE 23) for financial year 2024 is 10 days before the deadline, and 34% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 5 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
16-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · full…
  2. Appointment: Claudia Albertini (director)Resignation: Morgan Malecotte (director)
  3. Weakest financial yearnet -€7.2m

Key points

  • Risk: 5 loss-making years in a rowloss financial year 2025 -€7.2m View
  • Caution: Result fell in 2025from -€808,937 to -€7.2m ▼ 790% View
  • Caution: Among the weakest 5% on net resultsector median €98,047 · 359 companies -€7.2m View
  • Caution: Board changedlatest change 21-01-2026 · 1 in office 1 joined · 1 left View
  • Controlled by Cantillana Groupultimately: HOLCIM Ltd 100% View
  • Positive: Filed on time since financial year 2020accounts within the deadline every year 6 years View

By topic

Financials

Financial year
2025
Turnover
€33.8m
Loss
-€7.2m
Solvency
3.0%
Turnover▼ 8.6%
Net result
20182025
Go to Financials

Network & group

Group
HOLCIM Ltd
Subsidiaries
2
Holdings
3
Connected companies
11

3 holdings

Go to Network & group

Timeline

Events
44
Since
1988
Next accounts
by 31-07-2027
  1. 09-12-2025Permanent representatives: Brecht Deketele and Lieve Cornelis
  2. 07-07-2025Annual accounts filed
  3. 13-11-2024Resignation: Fabricio Buzeto (director)
Go to Timeline

Company details

Sites
3
Legal form
Public limited company
Activity
Manufacture of other non-metallic mineral productsNACE 23630
Founded
29-08-1986
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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