CANAL FIELDS
ActiveSummary
CANAL FIELDS has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €611,003 and a net result of €15,240. The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
- Equity
- €611,003
- Profit
- €15,240
- MOLENWATER GROEPDirector · permanent representative HENDRICKX Eddy Frans Louis
Why 93raises riskFounded in 2023lowers riskSize: total assets €648,712No main activity registeredFigures for financial year 2025 (filed 08-07-2026)Show the evidence
Checked score
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 (no NACE code, micro): better than 81% on solvency, 50% on liquidity, 33% on profitability and 56% on growth.
The bankruptcy probability was computed on 27-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 2 accounts on average 23 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · full…
- Annual accounts filedfinancial year 2024 · abbreviated…
- IncorporationAppointments: HENDRICKX Eddy Frans Louis…
Financials · financial year 2025, full format
2024 to 2025, 2 financial years
The operating result falls in 2025; 2025 is 67% below 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Use the arrow keys on the chart for the figures per year.
Peer companies
Historical observationOf the 501 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 96.2% are still going.
- Small
- 2 to 5 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.1% 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 497,445 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% | 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 501 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.
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Other operating charges640/8 | €991 | €520 | ▼ 47.6% |
| Gross operating margin9900 | €42,514 | €14,119 | ▼ 66.8% |
| Operating profit (loss)9901 | €41,523 | €13,600 | ▼ 67.2% |
| Financial income75/76B | - | €2,294 | - |
| Recurring financial income75 | - | €2,294 | - |
| Financial charges65/66B | €615 | €653 | ▲ 6.2% |
| Recurring financial charges65 | €615 | €653 | ▲ 6.2% |
| Profit (loss) for the period before taxes9903 | €40,909 | €15,240 | ▼ 62.7% |
| Profit (loss) for the period9904 | €40,909 | €15,240 | ▼ 62.7% |
| Profit (loss) for the period to be appropriated9905 | €40,909 | €15,240 | ▼ 62.7% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €600,598 | €648,712 | ▲ 8.0% |
| Fixed assets21/28 | €554,855 | €554,855 | = |
| Tangible fixed assets22/27 | €554,855 | €554,855 | = |
| Land and buildings22 | €554,855 | €554,855 | = |
| Current assets29/58 | €45,743 | €93,857 | ▲ 105% |
| Amounts receivable within one year40/41 | €45,731 | €71,256 | ▲ 55.8% |
| Other amounts receivable41 | €45,731 | €71,256 | ▲ 55.8% |
| Cash at bank and in hand54/58 | €12 | €22,600 | ▲ 1,883× |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €600,598 | €648,712 | ▲ 8.0% |
| Equity10/15 | €595,763 | €611,003 | ▲ 2.6% |
| Contributions10/11 | €291,812 | €291,812 | = |
| Capital10 | €291,812 | €291,812 | = |
| Issued capital100 | €291,812 | €291,812 | = |
| Reserves13 | €443,591 | €443,591 | = |
| Non-distributable reserves130/1 | €47 | €47 | ▼ 0.9% |
| Legal reserve130 | €47 | €47 | ▼ 0.9% |
| Tax-exempt reserves132 | €443,544 | €443,544 | = |
| Profit (loss) carried forward14 | -€139,640 | -€124,400 | ▲ 10.9% |
| Amounts payable17/49 | €4,835 | €37,708 | ▲ 680% |
| Amounts payable within one year42/48 | €4,835 | €37,708 | ▲ 680% |
| Trade debts44 | €1,210 | €32,423 | ▲ 27× |
| Suppliers440/4 | €1,210 | €32,423 | ▲ 27× |
| Other amounts payable47/48 | €3,625 | €5,286 | ▲ 45.8% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €40,909 | €15,240 | ▼ 62.7% |
| Operating cash flow (approximation) | €40,909 | €15,240 | ▼ 62.7% |
| Investment in fixed assets (approximation) | - | €0 | - |
| Change in cash | - | €22,588 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (2)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | full format | 08-07-2026 | 2026-00267595 |
| 31-12-2024 | abbreviated format | 08-07-2025 | 2025-00253741 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Board 1
Permanent representatives 1
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| MOLENWATER GROEP |
|
Owners and capital
Owners
1 ownerOwners 1
-
share not stated
Sources: the companies' annual accounts, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. 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 include these statements in its annual accounts, or does not have to, is not listed.
Capital and shareholders
- MOLENWATER GROEP (BE 0819.868.744) sole founder · 100% at incorporation
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
- 17-08-2023 Incorporation · €291,812.18 · 100 shares
Group and network
Connections & network
6 connected companiesShow 2 more companies with a shared director
History
Acts, filings and financial milestones
17-08
Gazette deed
IncorporationAppointments: HENDRICKX Eddy Frans Louis (director) and MOLENWATER GROEP (sole director) · Permanent representative: HENDRICKX Eddy Frans Louis · Founder14 facts ▸
- Incorporation, “CANAL FIELDS” (deed in Dutch)
- Founder, MOLENWATER GROEP
- Director appointment, HENDRICKX Eddy Frans Louis (director)
- Director appointment, HENDRICKX Eddy Frans Louis (managing director)
- Auditor report, “inbreng in natura, artikel 7:7 WVV” (deed in Dutch)
- Auditor report, “voorlichting van de buitengewone algemene vergadering die over de voorgestelde verrichting moet stemmen, uitgifte van aandelen” (deed in Dutch)
- Auditor report, “artikel 7:7 WVV” (deed in Dutch)
- Other provision, 27-07-2023, “beperking van het gebruik van dit verslag” (deed in Dutch)
- Auditor report, “vertegenwoordiger van BDO Bedrijfsrevisoren BV, Ontwerpverslag oprichters” (deed in Dutch)
- Director appointment, MOLENWATER GROEP (sole director)
- Permanent representative, HENDRICKX Eddy Frans Louis
- Founding capital, €291,812.18
- +2 further facts in this act
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 27 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 13302G0056/00S000 | Flanders | 395 m² | 1 · 395 m² | 24.4 m · 3 |
How the parcels are linked
Articles of association
What the company does
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- CANAL FIELDS
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest, 2200 Herentals,Wolstraat 35/001” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Two directors jointly
- Board ruleHow the board is made up, meets and takes decisions.
- “Algemene vergadering die de bestuurder(s) benoemt, 3” (deed in Dutch)