Result
€101,397 ▼ 48.4%
The result fell in 2025 from €196,329 to €101,397.
CANAL WHARF
Lifetime
11 annual accounts with figures on one time axispeak €35.6m (2023)
-not published
lowest -€871,806 (2019)
€101,397▼ 48.4%
peak €4.7m (2025)
€4.7m▲ 2.2%
€213,535▼ 58.3%
Board16 names since 2015all names
3 directorsMARC VAN BEGIN and 2 others
Owners4 names in the annual accounts
100%AG REAL ESTATE LAND and 2 others
Documentsfilings and deeds
05-05-202687 days before the deadline
2025financial year
Gross margin from €228,794 to €111,078Result from €196,329 to €101,397Resignation: Filip DEPREZ (director) 18-11Debts from €512,211 to €213,535
Key points
from the 2025 annual accountsLiquidity
22.84 was 9.91 in 2024
Short-term debts fell from €512,211 to €213,535.
Filings
11 annual accounts since 2015
The last five annual accounts were filed 87 to 102 days before the end of the period.
At the same address
100 companies
Board
1 joined · 2 left
Board changed. Latest change 19-08-2026 · 3 in office.
Position in the sector
95.6%
Higher solvency than 91% of companies in real estate. Sector median 38.2% · 5,804 companies.
Checked score
92
Excellent
Financially stronger than 72% of small companies in real estate (NACE 68)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 6,997 companies (NACE 68, small).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.3%
01-2025: 0.3%● unchanged vs 12-2024
02-2025: 0.2%▼ -0.1 percentage points vs 01-2025
03-2025: 0.3%▲ +0.1 percentage points vs 02-2025
04-2025: 0.3%● unchanged vs 03-2025highest value
05-2025: 0.3%● unchanged vs 04-2025
06-2025: 0.3%● unchanged vs 05-2025
07-2025: 0.2%▼ -0.1 percentage points vs 06-2025
08-2025: 0.2%● unchanged vs 07-2025
09-2025: 0.2%● unchanged vs 08-2025
10-2025: 0.2%● unchanged vs 09-2025
11-2025: 0.2%● unchanged vs 10-2025
12-2025: 0.2%● unchanged vs 11-2025
01-2026: 0.2%● unchanged vs 12-2025
02-2026: 0.2%● unchanged vs 01-2026
03-2026: 0.2%● unchanged vs 02-2026
04-2026: 0.3%▲ +0.1 percentage points vs 03-2026
05-2026: 0.3%● unchanged vs 04-2026
06-2026: 0.2%▼ -0.1 percentage points vs 05-2026
07-2026: 0.2%● unchanged vs 06-2026
08-2026: 0.2%● unchanged vs 07-2026
09-2026: 0.2%● unchanged vs 08-2026
10-2026: 0.2%● unchanged vs 09-2026lowest value
11-2026: 0.2%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
raises risk
Liquidity: current ratio 22.84
lowers risk
Founded in 2015
Equity €4.7m (95.6% of total assets)
Figures for financial year 2025 (filed on 07-05-2026)
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 68, small). It does better than 92% of them on solvency, 99% on liquidity, 42% on profitability and 54% on growth.
The bankruptcy probability was computed on 07-11-2026 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 very low class on 30-06-2025, 0.1% 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, 6,049 companies had the same profile as CANAL WHARF has now. Each dot stands for 16 companies, two years later.
96.0%
were still trading
3.6%
stopped another way
0.4%
went bankrupt
That fits the bankruptcy probability of CANAL WHARF itself: 0.2% 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 6,049 companies, not a prediction for CANAL WHARF. 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
Credit of up to €420,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 22.84 (9.91 in 2024), above the usual 1.5. Short-term debt is 4.4% of total assets. 4.4% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 05-05-2026, 87 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
87 days early
2024
98 days early
2023
100 days early
2022
102 days early
2021
88 days early
2020
81 days early
2019
72 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 90 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 24 April (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
08-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- AG REAL ESTATE LAND 100%score 57equity €275.0m (2025) · 2025 annual accounts of AG REAL ESTATE LAND
- Goed Haantjeslei 33.33%score 52equity -€551,933 (2025) · annual accounts 2019
Recent changes
1 director appointed, 1 resignation
Resignation: Serge FAUTRE (chair of the board and managing director) · Appointment: LUMA REAL ESTATE SRL · Permanent representative: Bert GRUGEON · General meeting of 10-08-2026 · Gazette deed
Resignation: Filip DEPREZ (director)
Appointment: Astrid Flamand (director) · Gazette deed
Resignations: Xavier Denis (director) and Erlinde Eeman (director)
General meeting of 27-08-2024 · Gazette deed
5 directors reappointed, 1 statutory auditor reappointed
Xavier DENIS, Filip DEPREZ, Erlinde EEMAN, Serge FAUTRE, Marc Van Begin SRL and PwC Réviseurs d'Entreprises (statutory auditor) · Permanent representatives: Marc VAN BEGIN and Kurt Cappoen · General meeting of 16-04-2024 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| CANAL WHARF Brussels | €4.9m | €111,078 | 95.6% | - |
| CD7 PROPERTIES (Mons) Lasne | €5.2m | €111,724 | -5.8% | - |
| LIQUID BRIX Zwevegem | €4.0m | €128,079 | -0.5% | - |
| VYVERE CONSULTING Zoersel | €3.9m | €111,289 | -3.2% | - |
| B.P.O. Oudenaarde | €4.6m | €162,615 | -5.0% | 0 |
| Rialto Projects Deinze | €5.3m | €76,151 | -3.8% | - |
| MONTAGNE RESIDENTIAL Brussels | €5.1m | €109,893 | -27.5% | 0 |
These companies have the same main activity as CANAL WHARF: development of residential building projects (NACE 68121). They are comparable in size and age: total assets between €3.9m and €5.3m, founded between 2011 and 2016.
Official details
Source: KBO- Status
- Active since 13-01-2015Normal situation
- Registered office
- 101 active companies are registered at this address2 started in the 12 months before. Source: KBO register, as of 7 November 2026.
- Activity
- Development of residential building projectsNACE 68121
- Establishment unit
- 2.238.443.2641000 Brussels, since 13-01-2015
- Financial year end
- 31 December
- Peppol
- Reachable
Annual accounts 2025
- ≈ €240,000estimated
- €4.9m▼ 3.9%
- Filing
- Filed on 05-05-2026, 87 days before the end of the filing period
Companies linked to CANAL WHARF
Parent and group
Insights on CANAL WHARF
CANAL WHARF has existed since 2015. The present size dates from 2023. Turnover rose that year from €161,573 to €35.6m.
Solvency rose in 2025 from 89.9% to 95.6% because of the retained profit and lower debts.
AG REAL ESTATE LAND holds all the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about CANAL WHARF
- What is the company number of CANAL WHARF?
- The company number of CANAL WHARF is 0568.648.048. The VAT number is the same number with BE in front: BE 0568.648.048.
- Where is CANAL WHARF based?
- The registered office is at Kunstlaan 58, 1000 Brussels.Company details
- What does CANAL WHARF do?
- According to the KBO register, the main activity is development of residential building projects (NACE 68121).
- What is the legal form of CANAL WHARF?
- CANAL WHARF is a public limited company (NV).
- When was CANAL WHARF founded?
- CANAL WHARF was founded on 13-01-2015.
- Is CANAL WHARF still active?
- Yes, CANAL WHARF is an active enterprise in the KBO register.
- What is the turnover of CANAL WHARF?
- The turnover in financial year 2025 is ≈ €240,000. This figure is estimated from the gross margin of €111,078 and 33 comparable companies (NACE 681). It probably lies between €150,000 and €540,000. In financial year 2023 turnover was €35.6m.Financials
- Is CANAL WHARF profitable?
- In financial year 2025, CANAL WHARF made a profit of €101,397.
- Where can I find the annual accounts of CANAL WHARF?
- CANAL WHARF filed 11 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of CANAL WHARF due?
- CANAL WHARF must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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