CANAL DEVELOPMENT

Active

Private limited companyfounded 20242 yrs activeNieuwewandeling 62, 9000 Gent, BelgiumKBO/BCE: BE 1006.450.521

Summary

CANAL DEVELOPMENT has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €41,737 and a net result of -€2,802. Its solvency ranks better than 87% of 9436 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).

Risk analysisWatch Report Compare

CANAL DEVELOPMENTActiveChecked score 74/100

Risk analysis Report Compare

What they do

Development of residential building projects

NACE 68121Real estate development NACE 41101

1 site

How big

€49,466total assets 2025

Equity: €41,737
Loss: -€2,802

Turnover not published (abridged schema)

Financially healthy?

74 Healthy Checked score 2025

Bankruptcy chance 12 m: 0.9%

Who decides

Parent: The Good Life Development Fund II · 100%

Accounts 16 d early0 of 1 deed read

Why 74- Young company- Annual accounts: weaker financial profile- Persistent losses+ Lower-failure-rate sectorLatest accounts filed on timeShow the evidence

Checked score

Score 2025

74 / 100

Healthy

Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability23▲+12

Solvency100=

Growth58

Track record82

Bankruptcy probability, 12 months

0.9% Low

0%0.5%1.5%4%10%≥ 25%

Credit up to €3,000 at 30 days acceptable

short-term debt: 0.1% and cash: 97.3% of total assets, and 15.6% of the assets are financed with debt.

Credit check for your own amount and term

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Signals

Five signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Young company

A young company has little track record yet and statistically fails more often than an established one.

KBO · incorporation date

Age against the risk zone

Lower-failure-rate sector

In this sector companies fail less often than the Belgian average.

Gazette · bankruptcies per sector, NACE 68

Relative position

BE, all sectors

reference

Real estate activities (NACE 68)

about 43% fewer bankruptcies

← fewer bankruptcies more bankruptcies →

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 2025

Solvency, return and age of the figures

Solvency

84.4%

Return on assets

-5.7%

Age of the figures

9 mo

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

2425

2024 to 2025 · latest year -€2,802

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 15-07-2026, 16 days ahead of the deadline.

NBB · 2 filings

Deviation from the deadline

2025

16 d early

2024

29 d early

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

This company filed its last 2 accounts on average 23 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.

Checked, nothing found (2)

The next deadline is still running

The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.

Companies Code · seven months

Position in the running window

01-10-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

15-07-26 Annual accounts filedfiscal year 2025 · abbreviated…
02-07-25 Annual accounts filedfiscal year 2024 · abbreviated…

Key points

Positive: Among the best 13% on solvencysector median 31.3% · 9,436 companies 84.4% View
Controlled by The Good Life Development… 100% View
Total assets 20252 fiscal years filed €49,466 View