Equity
CANTO has made a profit without a break since 2009.
CANTO has made a profit without a break since 2009.
The accounts state no turnover.
Green is investment, beige is depreciation. Machinery stands 27.4% higher than in 2024.
Seven of the last ten came late. The 2020 accounts came latest: 179 days after the end of the period.
More equity than 86% of companies in advertising and market research. Sector median €164,018 · 2,097 companies.
The dashed line is the sector median: 0.1% across 722 companies (NACE 73, small).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 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 73, small). It does better than 41% of them on solvency, 29% on liquidity, 66% on profitability and 70% on growth.
The bankruptcy probability was computed on 08-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 14,766 companies had the same profile as CANTO has now. Each dot stands for 37 companies, two years later.
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of CANTO itself: 0.1% within 12 months.
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 14,766 companies, not a prediction for CANTO. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Liquidity is insufficient, with a current ratio of 0.27 (0.21 in 2024), below 1. Short-term debt is 36.2% and cash 3.7% of total assets. 63.6% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 50 days after the deadline. In the sector (NACE 73), the median for financial year 2024 was 6 days before the deadline, and 36% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| CANTO Kortenberg | €3.2m | €353,366 | 36.4% | - |
| Balu Arendonk | €3.3m | €286,438 | 27.6% | - |
| MnM Zwevegem | €2.7m | €347,083 | 38.9% | 0.5 |
| ClarityAdvisory Lanaken | €2.4m | €284,142 | 29.4% | 0 |
| CN FACILITIES Brussels | €3.2m | €218,551 | 4.3% | - |
| IGAZI MANAGEMENT Watermael-Boitsfort | €4.2m | €361,478 | 68.3% | - |
| GS NIVELLES Nivelles | €3.9m | €600,919 | 48.1% | 0.2 |
These companies have the same main activity as CANTO: market research and public opinion polling (NACE 73200). They are comparable in size and age: total assets between €2.4m and €4.2m, founded between 1997 and 2001.
CANTO files the abbreviated format. That format states no turnover. The gross margin rose from €281,921 in 2007 to €353,366 in 2025.
The balance sheet grew most from 2008 to 2009 through fixed assets, financed with long-term debt.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
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