Equity
-€142,668
Debts exceed assets in financial year 2025.
KANTINE
Overview
Lifetime
1 annual account with figurespeak €111,490 (2025)
€111,490
lowest -€146,668 (2025)
-€146,668
peak -€142,668 (2025)
-€142,668
€521,996
peak 4.3 FTE (2025)
4.3 FTE
Board2 names since 2024
2 directorsDE WAELE Eliza Marina Janneke and 1 other
Owners
80%GERISART
Documentsfilings and deeds
24-09-202655 days late
2025abbreviated format
Loss of €146,6681 establishment registeredFirst year with figures
Key points
from the 2025 annual accountsDebts
€521,996 138% of the balance sheet
Suppliers 6%Taxes and wages 4%Other 90%
Position in the sector
-€146,668
Lower net result than 95% of companies in food and beverage service. Sector median €10,278 · 4,838 companies.
2025 accounts filed 55 days after the deadline
Checked score
29
Weak
Financially stronger than 9% of micro companies in food and beverage service (NACE 56)
Probability in this band: 4.2% to 15.0%
Bankruptcy probability within 12 months
9.8% Elevated
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 1.8% across 23,788 companies (NACE 56, micro).
About 1 in 10 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
09-2025: 4.5%lowest value
10-2025: 4.6%▲ +0.1 percentage points vs 09-2025
11-2025: 4.7%▲ +0.1 percentage points vs 10-2025
12-2025: 5.2%▲ +0.5 percentage points vs 11-2025
01-2026: 5.2%● unchanged vs 12-2025
02-2026: 5.6%▲ +0.4 percentage points vs 01-2026
03-2026: 6.1%▲ +0.5 percentage points vs 02-2026
04-2026: 6.0%▼ -0.1 percentage points vs 03-2026
05-2026: 5.9%▼ -0.1 percentage points vs 04-2026
06-2026: 5.9%● unchanged vs 05-2026
07-2026: 6.2%▲ +0.3 percentage points vs 06-2026
08-2026: 6.4%▲ +0.2 percentage points vs 07-2026
09-2026: 6.4%● unchanged vs 08-2026
10-2026: 9.8%▲ +3.4 percentage points vs 09-2026highest value
11-2026: 9.8%● unchanged vs 10-2026highest value
Financial strengthWeak
Score breakdown
raises risk
Sector: Food and beverage service activities (NACE 56)
Last filed accounts filed 55 days late; 1 of the last 3 accounts late
Negative equity -€142,668
Size: 4.3 FTE, total assets €379,328
Calculation
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 56, micro). It does better than 9% of them on solvency, 9% on liquidity and 8% on profitability.
The bankruptcy probability was computed on 09-11-2026 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 elevated class on 30-06-2025, 6.3% 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).
Comparable companies, two years later
In July 2024, 7,639 companies had the same profile as KANTINE has now. Each dot stands for 20 companies, two years later.
84.7%
were still trading
5.6%
stopped another way
8.8%
went bankrupt
Another 0.8% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of KANTINE itself: 9.8% within 12 months.
Test of the method
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 7,639 companies, not a prediction for KANTINE. 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.
Credit verdict
No credit on open account
Liquidity is insufficient, with a current ratio of 0.08, below 1. Short-term debt is 137.6% and cash 7% of total assets. Equity is negative.
Credit check for an amount and term of your choice
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.
Signals
Seven signals.
raises risk
raises risk · Young company
Founded in 2024, 2 years ago. Young companies fail more often than established ones; the risk is highest 2 to 8 years after founding.
KBO · incorporation dateAge against the risk zone
raises risk · 2025 accounts filed 55 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-09-2026, 55 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 1 filingDeviation from the deadline
2025
55 days late
← before the deadline
after the deadline →
Searched, nothing found (1)
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:1012301797
New establishment in Blankenberge
KANTINE Blankenberge, Molenstraat 7
First establishment
KANTINE Oostende, Fortstraat 22, Ostend
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| KANTINE Koksijde | €379,328 | €111,490 | -37.6% | 4.3 |
| COMIDA Boortmeerbeek | €417,176 | €133,388 | -59.1% | 6.1 |
| LO BXL Ixelles | €491,098 | €160,436 | 1.9% | 5.8 |
| Alaboneur Leuven | €268,620 | €145,748 | -34.4% | 3.6 |
| TB2 Olen | €541,954 | €121,759 | -18.5% | 3.8 |
| Café De Lindekens Schoten | €390,084 | €165,623 | -10.2% | 2.8 |
| TROMPO Antwerp | €450,964 | €187,690 | -28.0% | 6 |
These companies have the same main activity as KANTINE: full-service restaurants (NACE 56111). They are comparable in size and age: total assets between €269,000 and €542,000, founded between 2023 and 2024.
Official details
Source: KBO- Status
- Active since 07-08-2024Normal situation
- Activity
- Full-service restaurantsNACE 56111and 1 other
- Joint committee
- 302Hotels and catering · annual accounts 2025
- Establishment units
- 2.363.196.5488400 Ostend, since 01-10-2024
- 2.373.466.7698370 Blankenberge, since 01-05-2025and 1 other
- Financial year end
- 31 December
- Peppol
- Reachable since 09-12-2025
Annual accounts 2025
- €111,490
- ≈ €340,000estimated
- €146,668
- -€142,668
- €379,328
- Employeeson 31-12-2025
- 6
- Filing
- Filed on 24-09-2026
Insights on KANTINE
The computed 12-month bankruptcy probability of KANTINE is 9.8% (elevated). The 2025 annual accounts show negative equity (-€142,668) and a net result of -€146,668.
Its solvency ranks better than 13% of 4,845 sector peers (NACE 56, financial year 2025). The company has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
abbreviated format, filed on 24-09-2026, 55 days late€111,490
-€143,885
-€146,668
-€477,923
-37.6%
0.08
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €340,000. Estimated: probably between €280,000 and €370,000.
Balance sheet
balance sheet total €379,328 on 31-12-2025What the company ownsHow it is paid for
Position in the sector
-37.6%
Higher than 13% of 4,845 companies in 2025.
0.08
Lower than 95% of 4,743 companies in 2025.
-38.7%
Higher than 7% of 4,767 companies in 2025.
KANTINE
Middle half of the sector
80% of the sector
Abbreviated accounts in food and beverage service (NACE 56)
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: middle half · Working capital: bottom quarter · Staff: middle half
Staff
€51,744
Staff costs divided by the average number of full-time equivalents.
33 hours per contract
contracts started
contracts ended
In 2025, 275 short contracts started and 269 ended, on average 33 hours worked per contract. Staff averaged 4.3 full-time equivalents.
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 |
|---|---|---|
| Balance sheet: assets | ||
20/58 |
379,328 | |
21/28 |
335,255 | |
22/27 |
335,136 | |
23 |
43,365 | |
24 |
28,290 | |
26 |
263,481 | |
28 |
119 | |
29/58 |
44,073 | |
3 |
15,712 | |
30/36 |
15,712 | |
40/41 |
1,591 | |
40 |
1,591 | |
54/58 |
26,679 | |
490/1 |
90 | |
| Balance sheet: equity and liabilities | ||
10/49 |
379,328 | |
10/15 |
-142,668 | |
10/11 |
4,000 | |
14 |
-146,668 | |
17/49 |
521,996 | |
42/48 |
521,996 | |
44 |
29,780 | |
440/4 |
29,780 | |
46 |
543 | |
45 |
20,243 | |
450/3 |
3,759 | |
454/9 |
16,484 | |
47/48 |
471,430 | |
| Income statement | ||
9900 |
111,490 | |
62 |
222,501 | |
630 |
31,237 | |
640/8 |
1,637 | |
9901 |
-143,885 | |
75/76B |
13 | |
75 |
13 | |
65/66B |
2,797 | |
65 |
2,797 | |
9903 |
-146,668 | |
9904 |
-146,668 | |
9905 |
-146,668 | |
| Appropriation of the result | ||
9906 |
-146,668 | |
| Social balance sheet | ||
9087 |
4.3 | |
Hours worked1013 |
9,112 | |
| Document | ||
The notes to these accounts have 13 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 24-09-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank2025 annual accounts filed 55 days after the deadline. Filed on 24 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00522096.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 24-09-2026 | 2026-00522096 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 |
|---|---|---|
| -112,648 | ||
| -115,431 | ||
| 366,492 | ||
| -477,923 | ||
| -37.6% | ||
| 0.08 | ||
| 0.05 | ||
| -38.7% | ||
| -40.28 |
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Social balance sheet
| Item | 31-12-2025 |
|---|---|
| Employees at the balance-sheet date | 6 |
| full-time | 4 |
| part-time | 2 |
| in full-time equivalents | 5.7 |
| 4.3 | |
| On a permanent contract | 4 |
| Joined | 275 |
| Left | 269 |
Source: social balance sheet in the 2025 annual accounts
Investments
fixed assets acquired| Item | 2025 |
|---|---|
| Tangible fixed assets | €366,374 |
| Financial fixed assets | €119 |
| €31,237 |
Source: notes to the 2025 annual accounts (statement of fixed assets)
Insights on KANTINE
Equity is negative. Debt (€521,996) exceeds the balance-sheet total (€379,328).
Board & ownership
Board
2 directors, since incorporationDirector
since 07-08-2024
term without a fixed end
also on the board of 1 other company
listed in the 2025 annual accounts, filed on 24-09-2026
Director
since 07-08-2024
term without a fixed end
listed in the 2025 annual accounts, filed on 24-09-2026
- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- Each director alonedeed of 09-08-2024
Mandates through the years
2 names, the dashed line is todayDE WAELE Eliza Marina Janneke
Director
Director
VANHALST Bavo
Director
Director
Board
Mandates as a list
- DE WAELE Eliza Marina Janneke
- Director, from 07-08-2024 to date
- VANHALST Bavo
- Director, from 07-08-2024 to date
Control
80%
This company
KANTINE
Equity -€142,668
Loss €146,668 in 2025
Capital
- Contribution
- €4,000
- Shares
- 100
- Contribution per share
- €40
- Equity per share
- -€1,427 in 2025
- Source
- deed of 09-08-2024
Articles of association
deed of 09-08-2024 (in Dutch)- Board ruleThese rules set how the board is made up, meets and takes decisions.
- At least 1 director“Iedere bestuurder kan alle handelingen nodig of dienstig tot verwezenlijking doel behoudens alleen algemene vergadering bevoegd per WVV…”
- Kind of sharesThe articles set which classes of shares exist and what rights each class carries.
- 100 shares
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- First Friday of June at 18:00
Capital transactions
Shareholders according to the deeds
At incorporation
deed of 09-08-2024 ↗
- GERISART (BE 0650.627.203) 80 shares (80%)
- DE WAELE Eliza Marina Janneke 20 shares (20%)
Capital over time
- 09-08-2024 Incorporation · €4,000 · 100 shares
Network & group
Group
GERISART has 9 direct subsidiaries (2025 accounts)Belgium 9 Equity Result
- BE Kantine80% -€142,668 result -€146,668
- BE Supra Center €24.8m result €2.4m
- BE Gebalo99.99% €5.5m result €378,035
- BE SB Restaurant99.6% €2.9m result €36,186
- BE San Marino €2.1m result €11,874
- BE Supra Bazar Office €144,226 result €9,205
- BE Qiddo80% -€28,591 result -€8,892
- BE Plattelands TV99.98% -€543,919 result -€146,927
- BE Kabine80% -€640,002 result -€232,671
Source: list of holdings in the 2025 accounts of GERISART. Every holding stands with its own latest accounts.
Part of the group GERISART Group, risk and exposureEarlier ties
| CHIC via DE WAELE Eliza Marina Janneke, no longer at CHIC · Director · deed of 29-12-2021 founded in 2015 |
1.3 FTE (2025) |
Connections & network
1 connected companyThe connected companies are in the list below.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, zoom with the mouse wheel.
Linked via shared directors
Velja
via DE WAELE Eliza Marina Janneke · Director · deed of 08-01-2024
Founded in 2024 · total assets €27,944 (2025)
→
Timeline
Timeline
6 events since 2024Filings
Establishments
202420252026
2026
Annual accounts 2025 filed NBBabbreviated format · 55 days late
2025
Registered in the Peppol Directory Reachable for e-invoices through 0208:1012301797
New establishment in Blankenberge KANTINE Blankenberge, Molenstraat 7
2024
First establishment KANTINE Oostende, Fortstraat 22, Ostend
IncorporationFounding capital of €4,000, 100 shares · Founders: GERISART and DE WAELE Eliza Marina Janneke · Appointments: DE WAELE Eliza Marina Janneke (director) and VANHALST Bavo (director) · published on 09-08-20247 points ▸
- Founder, GERISART
- Founder, DE WAELE Eliza Marina Janneke
- Founding capital, €4,000, 100 shares
- Registered office clause, Maurice Blieckstraat 11, 8670 Koksijde
- Board rule, 2
- Director appointment, DE WAELE Eliza Marina Janneke
- Director appointment, VANHALST Bavo
- The deed holds 6 more points.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
Company details
Identity
- Enterprise number
- 1012.301.797
- VAT number
- BE 1012.301.797
- Peppol ID
- 0208:1012301797
- Other Peppol ID
- 9925:BE1012301797
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 07-08-2024
- Financial year
- ends on 31 December
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- First Friday of June at 18:00deed of 09-08-2024 (in Dutch)
- Peppol
- Reachable since 09-12-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- KANTINE in Dutch
- Entity type
- Legal entity
- Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
- “Vlaams Gewest”deed of 09-08-2024 (in Dutch)
Activities
NACEBEL 2025VAT activities
56111
Full-service restaurants main activity
Social security (RSZ) activities
56111
Full-service restaurants main activity
Joint committees annual accounts 2025
JC 302
Hotels and catering
Codes under NACEBEL 2008
VAT activities
56101
Full-service restaurants main activity
56102
Limited-service restaurants
Social security (RSZ) activities
56101
Full-service restaurants main activity
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “Het uitoefenen van een horecabedrijf in de meest ruime zin van het woord,derhalve omvattende: de uitbating van restaurants,van drank- en…”deed of 09-08-2024 (in Dutch)
Text of the purpose
“Het uitoefenen van een horecabedrijf in de meest ruime zin van het woord,derhalve omvattende: de uitbating van restaurants,van drank- en eetgelegenheden,dancings,tearooms,hotels; het verschaffen van logies en het verhuren van kamers,al dan niet met inbegrip van maaltijden; het verzorgen van traiteursdienst; het inrichten van feestelijkheden en tentoonstelling; het verhuren van feestzalen en alle materialen welke hiermede betrekking hebben; het verhuren en uitbaten van alle door de wet toegelaten speeltoestellen; het bereiden en verkopen van alle koude en warme spijzen.”
Registered office and establishments
3 establishments| Establishment | Since | Unit number | FASFC approval |
|---|---|---|---|
| Maurice Blieckstraat 11 registered office 8670 Koksijde | |||
| KANTINE Oostende Fortstraat 22, 8400 Ostend | 01-10-2024 | 2.363.196.548 | Restaurant |
| KANTINE Blankenberge Molenstraat 7, 8370 Blankenberge | 01-05-2025 | 2.373.466.769 | Restaurant |
| KANTINE Kortrijk Plein 32, 8500 Kortrijk | 19-10-2026 | 2.395.571.386 |
Buildings and parcels at the addresses
- Ground area
- 5,239 m²
- Buildings
- 2,175 m²
- Volume, LiDAR
- 35,035 m³
- Tallest building
- 54.7 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 35382B0032/00C009 | 2,425 m² | 1 · 1,043 m² | 54.7 m · 9 |
| 38014E0349/00M000 | 985 m² | 1 · 506 m² | 31.9 m |
| 34353H0821/00P000 | 936 m² | 1 · 143 m² | 15.7 m · 4 |
| 31004A0868/00A000 | 894 m² | 1 · 482 m² | 13.8 m · 3 |
1 of these parcels carries protected heritage. Expect extra rules on renovation or sale.
Recognitions
Food safety, FASFC
2 sitesBlankenbergeunit number 2.373.466.769
Ostendunit number 2.363.196.548