Summary
WERNER BOSTYN-CANNAERT is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €156,028 and a net result of -€15,694. Equity is shrinking by ~11% per year across the filed fiscal years. Its solvency ranks better than 57% of 8091 sector peers (fiscal year 2025). The company has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 27-01-2026, 4 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
4 d early
2024
26 d late
2023
2 d early
2022
6 d early
2021
on the day
2020
9 d late
2019
15 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 1 day after the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% 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 29 January (5 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
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Financials · fiscal year 2025, micro schema
Equity
€156,028▼ 9.1%
2024 · €171,722
Net result
-€15,694
2024 · €159
Total assets
€262,653▼ 13.1%
2024 · €302,254
Solvency
59.4%▲ 2.6pp
2024 · 56.8%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, 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-€42,922▼ 57.1%-€40,607▲ 5.4%-€26,136▲ 35.6%€5,460-€16,290
Net result-€42,614below the sector's middle half▼ 53.9%-€40,009below the sector's middle half▲ 6.1%-€25,494below the sector's middle half▲ 36.3%€159below the sector's middle half-€15,694below the sector's middle half
Equity€237,065within the sector's middle half▼ 15.2%€197,056within the sector's middle half▼ 16.9%€171,563within the sector's middle half▼ 12.9%€171,722within the sector's middle half▲ 0.1%€156,028within the sector's middle half▼ 9.1%
Total assets€442,272within the sector's middle half▼ 16.2%€382,823within the sector's middle half▼ 13.4%€350,447within the sector's middle half▼ 8.5%€302,254within the sector's middle half▼ 13.8%€262,653within the sector's middle half▼ 13.1%
Debt€200,119▼ 17.2%€181,648▼ 9.2%€175,735▼ 3.3%€128,352▼ 27.0%€105,414▼ 17.9%
Working capital-€185,665below the sector's middle half▲ 10.6%-€166,852below the sector's middle half▲ 10.1%-€149,372below the sector's middle half▲ 10.5%-€106,350below the sector's middle half▲ 28.8%-€85,442below the sector's middle half▲ 19.7%
Solvency53.6%within the sector's middle half▲ 0.6pp51.5%within the sector's middle half▼ 2.1pp49.0%within the sector's middle half▼ 2.5pp56.8%within the sector's middle half▲ 7.9pp59.4%within the sector's middle half▲ 2.6pp
Current ratio0.06below the sector's middle half▼ 0.070.07below the sector's middle half▲ 0.020.13below the sector's middle half▲ 0.060.13below the sector's middle half▼ 0.010.17below the sector's middle half▲ 0.05
Return on assets (ROA)-9.6%below the sector's middle half▼ 4.4pp-10.5%below the sector's middle half▼ 0.8pp-7.3%below the sector's middle half▲ 3.2pp0.1%below the sector's middle half▲ 7.3pp-6.0%below the sector's middle half▼ 6.0pp
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, 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 €16,290 after €5,460 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €262,653
Fixed assets
€244,935 ▼ 14.7%
Current assets
€17,718 ▲ 16.2%
Equity and liabilities €262,653
Equity
€156,028 ▼ 9.1%
Provisions
€1,211 ▼ 44.5%
Debt
€105,414 ▼ 17.9%
Debt's share of the balance-sheet total falls from 42.5% to 40.1%. Equity and debt are lower.
Key figures and ratios
ROE
-10.1%▼
2024 · 0.1%
Debt ≤ 1 year
€103,160▼
2024 · €121,594
Income taxes
€313▼
2024 · €6,236
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €20,176 | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €65,510 | €61,286 | €42,380 | €41,993 | €42,076 | ▲ 0.2% |
| Other operating charges640/8 | - | €10,422 | €12,369 | €11,762 | €11,284 | ▼ 4.1% |
| Gross operating margin9900 | €32,850 | €31,101 | €28,614 | €59,215 | €37,070 | ▼ 37.4% |
| Operating profit (loss)9901 | -€42,922 | -€40,607 | -€26,136 | €5,460 | -€16,290 | ▼ 398% |
| Financial income75/76B | - | - | - | €27 | €0 | ▼ 100% |
| Recurring financial income75 | - | - | - | €27 | €0 | ▼ 100% |
| Financial charges65/66B | - | €60 | €73 | €60 | €60 | = |
| Recurring financial charges65 | €325 | €60 | €73 | €60 | €60 | = |
| Profit (loss) for the period before taxes9903 | -€43,247 | -€40,667 | -€26,209 | €5,427 | -€16,350 | ▼ 401% |
| Transfer from deferred taxes780 | - | €969 | €969 | €969 | €969 | = |
| Income taxes67/77 | €337 | €311 | €254 | €6,236 | €313 | ▼ 95.0% |
| Profit (loss) for the period9904 | -€42,614 | -€40,009 | -€25,494 | €159 | -€15,694 | ▼ 9,945% |
| Transfer from tax-exempt reserves789 | - | €2,908 | €2,908 | €2,908 | €2,908 | = |
| Profit (loss) for the period to be appropriated9905 | -€39,706 | -€37,101 | -€22,586 | €3,067 | -€12,786 | ▼ 517% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €442,272 | €382,823 | €350,447 | €302,254 | €262,653 | ▼ 13.1% |
| Fixed assets21/28 | €431,294 | €370,008 | €327,628 | €287,011 | €244,935 | ▼ 14.7% |
| Tangible fixed assets22/27 | €431,294 | €370,008 | €327,628 | €287,011 | €244,935 | ▼ 14.7% |
| Land and buildings22 | - | €368,088 | €326,445 | €239,232 | €243,160 | ▲ 1.6% |
| Plant, machinery and equipment23 | - | €1,920 | €1,183 | €47,778 | €1,775 | ▼ 96.3% |
| Current assets29/58 | €10,978 | €12,815 | €22,819 | €15,243 | €17,718 | ▲ 16.2% |
| Stocks and contracts in progress3 | €450 | €673 | €607 | €69 | €0 | ▼ 100% |
| Stocks30/36 | - | €673 | €607 | €69 | €0 | ▼ 100% |
| Amounts receivable within one year40/41 | €2,726 | €4,706 | €4,278 | €7,457 | €5,659 | ▼ 24.1% |
| Trade receivables40 | - | €3,833 | - | €4,176 | €1,180 | ▼ 71.8% |
| Other amounts receivable41 | - | €873 | €4,278 | €3,281 | €4,479 | ▲ 36.5% |
| Cash at bank and in hand54/58 | €5,273 | €3,260 | €15,827 | €4,827 | €7,251 | ▲ 50.2% |
| Deferred charges and accrued income490/1 | - | €4,177 | €2,107 | €2,891 | €4,807 | ▲ 66.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €442,272 | €382,823 | €350,447 | €302,254 | €262,653 | ▼ 13.1% |
| Equity10/15 | €237,065 | €197,056 | €171,563 | €171,722 | €156,028 | ▼ 9.1% |
| Contributions10/11 | €750,000 | €750,000 | €750,000 | €750,000 | €750,000 | = |
| Capital10 | - | €750,000 | €750,000 | €750,000 | €750,000 | = |
| Issued capital100 | - | €750,000 | €750,000 | €750,000 | €750,000 | = |
| Reserves13 | €24,953 | €22,045 | €19,137 | €16,229 | €13,322 | ▼ 17.9% |
| Non-distributable reserves130/1 | - | €496 | €496 | €496 | €496 | = |
| Legal reserve130 | - | €496 | €496 | €496 | €496 | = |
| Tax-exempt reserves132 | - | €21,550 | €18,642 | €15,734 | €12,826 | ▼ 18.5% |
| Profit (loss) carried forward14 | -€537,888 | -€574,989 | -€597,575 | -€594,508 | -€607,294 | ▼ 2.2% |
| Provisions and deferred taxes16 | €5,088 | €4,119 | €3,149 | €2,180 | €1,211 | ▼ 44.5% |
| Deferred taxes168 | - | €4,119 | €3,149 | €2,180 | €1,211 | ▼ 44.5% |
| Amounts payable17/49 | €200,119 | €181,648 | €175,735 | €128,352 | €105,414 | ▼ 17.9% |
| Amounts payable within one year42/48 | €196,643 | €179,667 | €172,191 | €121,594 | €103,160 | ▼ 15.2% |
| Trade debts44 | €198 | €707 | €3,300 | €143 | €381 | ▲ 167% |
| Suppliers440/4 | - | €707 | €3,300 | €143 | €381 | ▲ 167% |
| Advances received on contracts in progress46 | - | €1,605 | €1,520 | €1,520 | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | - | €2,775 | €4,470 | €2,914 | €2,815 | ▼ 3.4% |
| Taxes450/3 | - | €2,775 | €4,470 | €2,914 | €2,815 | ▼ 3.4% |
| Other amounts payable47/48 | - | €174,581 | €162,901 | €117,017 | €99,964 | ▼ 14.6% |
| Accrued charges and deferred income492/3 | - | €1,981 | €3,544 | €6,759 | €2,254 | ▼ 66.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€42,614 | -€40,009 | -€25,494 | €159 | -€15,694 | ▼ 9,945% |
| + Depreciation and write-downs630 | €65,510 | €61,286 | €42,380 | €41,993 | €42,076 | ▲ 0.2% |
| Operating cash flow (approximation) | €22,896 | €21,277 | €16,886 | €42,152 | €26,382 | ▼ 37.4% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€1,376 | €0 | ▲ 100% |
| Change in cash | - | -€2,014 | €12,567 | -€11,000 | €2,424 | ▲ 122% |
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
27-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
26-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 26 days late
2024
30-06
Financial
Back to profitnet €159
Net result €159 after 5 loss-making years.
29-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
25-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
09-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 9 days late
2020
16-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
30-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
30-11
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
07-12
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Kortrijk · 1 establishment unit since 1995
Ground area
4,199 m²
Building footprint
459 m²
Volume, LiDAR
2,374 m³
Parcel 34001B0521/00G000, Flanders · tallest building 9.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Talpenhoekstraat(Aal) 32, 8511 Kortrijk
since 19952.069.947.138
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34001B0521/00G000 | Flanders | 4,199 m² | 1 · 459 m² | 9.0 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 24,729 companies in sector 64210 we hold annual accounts for 19,799. 13,309 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded12-01-1995
Fiscal year end30-06
Activities, NACEBEL 2025
64210Activities of holding companies
55204Guest rooms (bed and breakfast)
73200Market research and public opinion polling
81100Combined facilities support activities
96230Day spas, saunas and steam baths
E-invoicing
Reachable via Peppol
Peppol ID
0208:0454307814
Also
9925:BE0454307814
Registered
13-07-2026
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.