CHANNEL COMMUNICATIONS
BankruptcyThe KBO register records for CHANNEL COMMUNICATIONS the legal situation: open bankruptcy (code 050); this is today's state according to the register itself, which carries no start date. The 2023 annual accounts show equity of €58k and a net result of €6k.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2023 was due by 30-04-2024 and was filed on 30-04-2024, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
on the day
2022
44 d early
2021
23 d late
2020
71 d early
2019
30 d early
← before the deadline
after the deadline →
Financials · fiscal year 2023, micro schema
Turnover
€1.56M▼ 22.5%
2021 · €2.01M
2020: €1.05M
2021: €2.01M
2020 → 2022
EBIT margin
0.9%▼ 7.2pp
2021 · 8.1%
2020: 1.8%
2021: 8.1%
2020 → 2022
Net result
€6k▼ 0.3%
2022 · €6k
2018: €12k
2019: €30k
2020: €119
2021: €110k
2022: €6k
2018 → 2023
Working capital
€174k▼ 57.4%
2022 · €409k
2018: €310k
2019: €365k
2020: €355k
2021: €401k
2022: €409k
2018 → 2023
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020202120222023Trend
Turnover€1.05M€2.01M▲ 90.7%€1.56M▼ 22.5%
Equity€199k-€199k▲ 0.1%€283k▲ 42.0%€289k▲ 2.0%€58k▼ 80.0%
Operating result€62k-€19k▼ 69.0%€162k▲ 750%€14k▼ 91.2%€28k▲ 95.6%
Net result€30k-€119▼ 99.6%€110k▲ 92,033%€6k▼ 94.9%€6k▼ 0.3%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2023; 2023 is 96% above 2022.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €326k
Fixed assets
€32k▼ 15.2%
Current assets
€294k▼ 48.3%
Equity and liabilities €326k
Equity
€58k▼ 80.0%
Provisions
€149k=
Debt
€120k▼ 29.1%
The debt ratio rises from 27.8% to 36.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
€39k▲
2022 · €21k
Cash flow
€17k▲
2022 · €13k
Solvency
17.7%▼
2022 · 47.6%
Current ratio
2.46▼
2022 · 3.57
Quick ratio
2.22▼
2022 · 3.45
Debt / equity
2.08▲
2022 · 0.58
ROE
9.7%▲
2022 · 1.9%
ROA
1.7%▲
2022 · 0.9%
Interest coverage
4.41▼
2022 · 4.68
Debt
€120k▼
2022 · €169k
Debt ≤ 1 year
€120k▼
2022 · €159k
Income taxes
€13k▼
2022 · €17k
Staff costs
€388k▲
2022 · €342k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2023 against 2022
Balance sheet
Code20222023
Assets
Total assets20/58€607k€326k▼
Fixed assets21/28€38k€32k▼
Tangible fixed assets22/27€38k€32k▼
Furniture and vehicles24€24k€18k▼
Other tangible fixed assets26€14k€14k=
Current assets29/58€569k€294k▼
Stocks and contracts in progress3€19k€29k▲
Stocks30/36€19k€29k▲
Amounts receivable within one year40/41€489k€219k▼
Trade receivables40€66k€75k▲
Other amounts receivable41€423k€144k▼
Cash at bank and in hand54/58€61k€37k▼
Deferred charges and accrued income490/1-€9k
Equity and liabilities
Total equity and liabilities10/49€607k€326k▼
Equity10/15€289k€58k▼
Contributions10/11€6k€19k▲
Reserves13€225k€2k▼
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k-
Other1319-€2k
Distributable reserves133€223k-
Profit (loss) carried forward14€58k€37k▼
Provisions and deferred taxes16€149k€149k=
Provisions for liabilities and charges160/5€149k€149k=
Environmental obligations163-€149k
Other liabilities and charges164/5€149k-
Amounts payable17/49€169k€120k▼
Amounts payable within one year42/48€159k€120k▼
Trade debts44€120k€25k▼
Suppliers440/4€120k€25k▼
Taxes, remuneration and social security45€39k€39k▼
Taxes450/3€18k€16k▼
Remuneration and social security454/9€22k€23k▲
Other amounts payable47/48-€55k
Accrued charges and deferred income492/3€10k-
Income statement
Code20222023
Turnover70€1.56M-
Goods, raw materials, services and sundry goods60/61€1.19M-
Remuneration, social security and pensions62€342k€388k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€12k▲
Other operating charges640/8€2k€3k▲
Gross operating margin9900€365k€431k▲
Operating profit (loss)9901€14k€28k▲
Financial income75/76B€13k-
Recurring financial income75€13k-
Financial charges65/66B€5k€9k▲
Recurring financial charges65€5k€9k▲
Profit (loss) for the period before taxes9903€23k€19k▼
Income taxes67/77€17k€13k▼
Profit (loss) for the period9904€6k€6k▼
Profit (loss) for the period to be appropriated9905€6k€6k▼
Appropriation of the result
Profit (loss) to be appropriated9906€58k€63k▲
Profit (loss) brought forward from the previous period14P€52k€58k▲
Transfer from equity791/2-€223k
Profit to be distributed694/7-€249k
Return on contributions (dividend)694-€249k
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
20-03
Judicial reorganisation
Extension
Tribunal de l’entreprise du Brabant wallon · transfert_judiciaire · event 13-03-2025
2024
30-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
17-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
23-05
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 23 days late
2021
30-09
Financial
Highest result since 2018net €110k ▲92033%
Operating result €162k, net result €110k, both a record.
30-09
Financial
Equity above €200kEq €283k ▲42%
4 profitable years in a row build equity to €283k.
18-02
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
30-09
Financial
Weakest financial yearnet €119 ▼99.6%
Net result drops to €119, the lowest in the series.
31-03
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
13-03
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
13-03
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
28-03
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
22-03
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
2015
23-03
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 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, Wavre · 1 establishment unit since 1998
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Boulevard de l'Europe 1451300 WavreGround area
1.4 ha
Building footprint
5,451 m²
Volume, LiDAR
31,922 m³
2 parcels, Wallonia · tallest building 9.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
CHANNEL COMMUNICATIONS
since 19982.085.955.306
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25055A0006/00M000 | Wallonia | 8,739 m² | 1 · 3,389 m² | 8.6 m · 2 fl. |
| 25112B0047/00Y000 | Wallonia | 5,303 m² | 1 · 2,062 m² | 9.1 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 82,569 companies in sector 70200 we hold annual accounts for 52,573. 38,794 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded09-12-1997
Fiscal year end30-09
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
74142
Sources
Crossroads Bank for EnterprisesNational Bank · 24 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.