KANUSE
ActiveSummary
KANUSE has been active since 1983 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €336,901 and a net result of -€46,838. Equity is growing by ~7.9% per year across the filed fiscal years. Its solvency ranks better than 36% of 6545 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability15▼-39
Solvency47▼-2
Growth52=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €15,000 at 30 days acceptable
Liquidity ample (current ratio 1.89 against 1.9 in 2023; short-term debt: 47.4% and cash: 13.3% of total assets), but 78.2% of the assets are financed with debt.
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Signals
Six 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 2024Solvency, return and age of the figures
Solvency
21.8%
Return on assets
-3%
Age of the figures
21 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year -€46,838
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-08-2025, 27 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
not confirmed
2024
27 d late
2023
28 d late
2022
31 d late
2021
31 d late
2020
30 d late
2019
47 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 32 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Is the workforce growing, and do people stay?Employer check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check Which other companies belong to the same group?DOKARA SCHAUS · 15 companies
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, full schema
In the rankings
#5 company by total assets in Vielsalm, Wholesale and retail trade sector#5 oldest company in Vielsalm, Wholesale and retail trade sector
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€46,838▼ 1,257%
2023 · -€3,453
Working capital
€650,516▼ 4.1%
2023 · €678,406
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
Line20202021202220232024
Operating result€760€139,179▲ 18,225%€21,683▼ 84.4%-€4,993-€58,816▼ 1,078%
Net result€102below the sector's middle half▼ 98.4%€109,808within the sector's middle half▲ 107,103%€28,673within the sector's middle half▼ 73.9%-€3,453below the sector's middle half-€46,838below the sector's middle half▼ 1,257%
Equity€248,711within the sector's middle half=€358,519within the sector's middle half▲ 44.2%€387,192within the sector's middle half▲ 8.0%€383,739within the sector's middle half▼ 0.9%€336,901within the sector's middle half▼ 12.2%
Total assets€1.0mwithin the sector's middle half▲ 21.0%€1.1mwithin the sector's middle half▲ 9.1%€1.0mwithin the sector's middle half▼ 7.4%€1.6mwithin the sector's middle half▲ 55.7%€1.5mwithin the sector's middle half▼ 5.0%
Debt€782,944▲ 29.6%€767,035▼ 2.0%€654,959▼ 14.6%€1.2m▲ 89.2%€1.2m▼ 2.7%
Working capital€190,359within the sector's middle half▼ 18.3%€300,851within the sector's middle half▲ 58.0%€291,276within the sector's middle half▼ 3.2%€678,406above the sector's middle half▲ 133%€650,516above the sector's middle half▼ 4.1%
Solvency24.1%within the sector's middle half▼ 5.1pp31.9%within the sector's middle half▲ 7.7pp37.2%within the sector's middle half▲ 5.3pp23.6%within the sector's middle half▼ 13.5pp21.8%within the sector's middle half▼ 1.8pp
Current ratio1.29within the sector's middle half▼ 0.271.45within the sector's middle half▲ 0.171.50within the sector's middle half▲ 0.051.90within the sector's middle half▲ 0.401.89within the sector's middle half▼ 0.01
Return on assets (ROA)0.0%below the sector's middle half▼ 0.7pp9.8%within the sector's middle half▲ 9.7pp2.8%within the sector's middle half▼ 7.0pp-0.2%within the sector's middle half▼ 3.0pp-3.0%below the sector's middle half▼ 2.8pp
Staff (FTE)9.9within the sector's middle half=10.3within the sector's middle half▲ 4.0%10.2within the sector's middle half▼ 1.0%10.2within the sector's middle half=11within the sector's middle half▲ 7.8%
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.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €58,816 in 2024 against €4,993 in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.5m
Fixed assets
€160,431 ▼ 15.8%
Current assets
€1.4m ▼ 3.5%
Equity and liabilities €1.5m
Equity
€336,901 ▼ 12.2%
Debt
€1.2m ▼ 2.7%
Debt's share of the balance-sheet total rises from 76.4% to 78.2%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€16,299▼
2023 · €34,158
Cash flow
-€4,320▼
2023 · €35,699
Quick ratio
1.39▼
2023 · 1.41
Debt to equity
3.58▲
2023 · 3.23
ROE
-13.9%▼
2023 · -0.9%
Interest coverage
-1.56▼
2023 · 4.20
Debt ≤ 1 year
€731,311▼
2023 · €753,877
Debt > 1 year
€19,665▲
2023 · €14,715
Staff costs
€442,567▲
2023 · €411,143
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,507 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.
- Small
- 20 years or older
- solvency 10 to 30%
- a small loss
1.6%
went bankrupt
1.8%
stopped otherwise
96%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 2,507 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €1,870 | - | - | - | - |
| Remuneration, social security and pensions62 | - | €364,603 | €398,388 | €411,143 | €442,567 | ▲ 7.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €30,836 | €29,600 | €32,562 | €39,151 | €42,518 | ▲ 8.6% |
| Other operating charges640/8 | - | €2,260 | €2,578 | €2,838 | €2,866 | ▲ 1.0% |
| Non-recurring operating charges66A | - | - | €1,991 | €3,686 | €3,008 | ▼ 18.4% |
| Gross operating margin9900 | €385,852 | €535,642 | €457,202 | €451,825 | €432,142 | ▼ 4.4% |
| Operating profit (loss)9901 | €760 | €139,179 | €21,683 | -€4,993 | -€58,816 | ▼ 1,078% |
| Financial income75/76B | - | €15,705 | €25,101 | €13,131 | €22,418 | ▲ 70.7% |
| Recurring financial income75 | €21,498 | €15,705 | €25,101 | €13,131 | €22,418 | ▲ 70.7% |
| Financial charges65/66B | - | €5,637 | €7,006 | €8,126 | €10,440 | ▲ 28.5% |
| Recurring financial charges65 | €5,902 | €5,637 | €7,006 | €8,126 | €10,440 | ▲ 28.5% |
| Profit (loss) for the period before taxes9903 | €16,356 | €149,247 | €39,778 | €12 | -€46,838 | ▼ 377,826% |
| Income taxes67/77 | €16,253 | €39,439 | €11,105 | €3,465 | - | - |
| Profit (loss) for the period9904 | €102 | €109,808 | €28,673 | -€3,453 | -€46,838 | ▼ 1,257% |
| Profit (loss) for the period to be appropriated9905 | €102 | €109,808 | €28,673 | -€3,453 | -€46,838 | ▼ 1,257% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.0m | €1.1m | €1.0m | €1.6m | €1.5m | ▼ 5.0% |
| Fixed assets21/28 | €175,368 | €160,628 | €172,360 | €190,509 | €160,431 | ▼ 15.8% |
| Tangible fixed assets22/27 | €174,968 | €160,228 | €171,960 | €190,109 | €160,031 | ▼ 15.8% |
| Plant, machinery and equipment23 | - | €160,228 | €171,960 | €179,056 | €150,809 | ▼ 15.8% |
| Leasing and similar rights25 | - | - | - | €11,053 | €9,222 | ▼ 16.6% |
| Financial fixed assets28 | €400 | €400 | €400 | €400 | €400 | = |
| Current assets29/58 | €856,287 | €964,926 | €869,791 | €1.4m | €1.4m | ▼ 3.5% |
| Amounts receivable after more than one year29 | - | €340,000 | €300,000 | €735,000 | €740,000 | ▲ 0.7% |
| Trade receivables290 | - | €340,000 | €300,000 | €735,000 | €740,000 | ▲ 0.7% |
| Stocks and contracts in progress3 | €307,244 | €321,962 | €356,293 | €370,916 | €368,029 | ▼ 0.8% |
| Stocks30/36 | - | €321,962 | €356,293 | €370,916 | €368,029 | ▼ 0.8% |
| Amounts receivable within one year40/41 | €28,178 | €23,546 | €18,869 | €30,782 | €23,934 | ▼ 22.2% |
| Trade receivables40 | - | €13,260 | €14,937 | €22,715 | €15,445 | ▼ 32.0% |
| Other amounts receivable41 | - | €10,286 | €3,933 | €8,067 | €8,488 | ▲ 5.2% |
| Cash at bank and in hand54/58 | €295,676 | €248,098 | €156,190 | €253,034 | €205,746 | ▼ 18.7% |
| Deferred charges and accrued income490/1 | - | €31,319 | €38,439 | €42,551 | €44,120 | ▲ 3.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.0m | €1.1m | €1.0m | €1.6m | €1.5m | ▼ 5.0% |
| Equity10/15 | €248,711 | €358,519 | €387,192 | €383,739 | €336,901 | ▼ 12.2% |
| Contributions10/11 | - | €150,000 | €150,000 | €150,000 | €150,000 | = |
| Reserves13 | €15,129 | €15,129 | €15,129 | €15,129 | €15,129 | = |
| Non-distributable reserves130/1 | - | €15,000 | €15,000 | - | - | - |
| Reserves not available under the articles1311 | - | €15,000 | €15,000 | - | - | - |
| Tax-exempt reserves132 | - | €129 | €129 | €129 | €129 | = |
| Distributable reserves133 | - | - | - | €15,000 | €15,000 | = |
| Profit (loss) carried forward14 | €83,581 | €193,390 | €222,062 | €218,609 | €171,771 | ▼ 21.4% |
| Amounts payable17/49 | €782,944 | €767,035 | €654,959 | €1.2m | €1.2m | ▼ 2.7% |
| Amounts payable after more than one year17 | €102,197 | €85,412 | €42,242 | €14,715 | €19,665 | ▲ 33.6% |
| Financial debts170/4 | - | €70,412 | €42,242 | €14,715 | €7,165 | ▼ 51.3% |
| Other amounts payable178/9 | - | €15,000 | - | - | €12,500 | - |
| Amounts payable within one year42/48 | €665,927 | €664,075 | €578,515 | €753,877 | €731,311 | ▼ 3.0% |
| Current portion of amounts payable after more than one year42 | - | €72,201 | €84,686 | €78,997 | €77,050 | ▼ 2.5% |
| Trade debts44 | €540,769 | €510,494 | €409,642 | €614,706 | €590,437 | ▼ 3.9% |
| Suppliers440/4 | - | €510,494 | €409,642 | €614,706 | €590,437 | ▼ 3.9% |
| Taxes, remuneration and social security45 | - | €76,370 | €79,751 | €53,647 | €54,820 | ▲ 2.2% |
| Taxes450/3 | - | €28,156 | €33,723 | €3,465 | - | - |
| Remuneration and social security454/9 | - | €48,215 | €46,028 | €50,182 | €54,820 | ▲ 9.2% |
| Other amounts payable47/48 | - | €5,009 | €4,436 | €6,528 | €9,005 | ▲ 38.0% |
| Accrued charges and deferred income492/3 | - | €17,548 | €34,202 | €470,461 | €454,381 | ▼ 3.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €102 | €109,808 | €28,673 | -€3,453 | -€46,838 | ▼ 1,257% |
| + Depreciation and write-downs630 | €30,836 | €29,600 | €32,562 | €39,151 | €42,518 | ▲ 8.6% |
| Operating cash flow (approximation) | €30,938 | €139,408 | €61,235 | €35,699 | -€4,320 | ▼ 112% |
| Investment in fixed assets (approximation) | - | -€14,860 | -€44,294 | -€57,301 | -€12,439 | ▲ 78.3% |
| Change in cash | - | -€47,578 | -€91,908 | €96,844 | -€47,288 | ▼ 149% |
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
2025
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 27 days late
2024
31-12
Financial
Weakest financial yearnet -€46,838
Net result drops to -€46,838, the lowest in the series.
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 28 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 31 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 31 days late
2021
31-12
Financial
Highest result since 2018net €109,808 ▲107,103%
Operating result €139,179, net result €109,808, both a record.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 30 days late
2020
16-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 47 days late
2019
13-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 13 days late
2018
30-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 29 days late
2016
26-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 26 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Vielsalm · 1 establishment unit since 1983
Ground area
6,554 m²
Building footprint
1,224 m²
2 parcels, Wallonia. Linked by address, not a title deed.
1 establishment unit
Les-Grands-Champs sn, 6690 Vielsalm
since 19832.023.135.829
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 82032E0621/00Y003 | Wallonia | 3,554 m² | 1 · 1,056 m² | - |
| 82032E0169/00W002 | Wallonia | 3,000 m² | 1 · 168 m² | - |
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.
Structure & network
Part of the group
DOKARA SCHAUS
15 companies
Group, risk and exposure
Owners and holdings
1 ownerChain of control
- DOKARA SCHAUS
- KANUSE
Highest known parent: DOKARA SCHAUS. The sources do not say who stands above it.
Owners 1
- DOKARA SCHAUSparent95%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Recognitions · licences · registrations
Food safety, FASFC
1 site · 1 with a smileyVielsalm2.023.135.829
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Of 10,509 companies in sector 47110 we hold annual accounts for 5,853. 3,650 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
Founded14-09-1983
Fiscal year end31-12
Activities, NACEBEL 2025
47110Non-specialised retail sale with food, beverages or tobacco predominating
E-invoicing
Reachable via Peppol
Peppol ID
0208:0423974429
Also
9925:BE0423974429
Registered
04-07-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.