KANAALKOM
ActiveSummary
KANAALKOM has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.17M and a net result of €162k. Equity is shrinking by ~9.5% per year across the filed fiscal years. Its solvency ranks better than 57% of 9234 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability45▲+4
Solvency65▲+14
Growth22=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €150k at 30 days acceptable
Liquidity ample (current ratio 25.64 against 17.08 in 2024; short-term debt: 3.9% and cash: 0.4% of total assets), but 59.8% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · 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 →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
40.2%
Return on assets
3%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €2.17M
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 09-06-2026, 52 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
52 d early
2024
41 d early
2023
58 d early
2022
20 d early
2021
13 d early
2020
30 d early
2019
21 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · 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 monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€2.06M▲ 29.2%
2019 · €1.60M
2018: €9.91Mhighest in 3 years
2019: €1.60M▼ -83.9% vs 2018lowest in 3 years
2020: €2.06M▲ +29.2% vs 2019
2018 → 2020
EBIT margin
-26.0%▲ 21.2pp
2019 · -47.3%
2018: 6.3%highest in 3 years
2019: -47.3%▼ -852% vs 2018lowest in 3 years
2020: -26.0%▲ +44.9% vs 2019
2018 → 2020
Net result
€162k▲ 69.0%
2024 · €96k
2018: €407k
2019: €-791k▼ -294% vs 2018
2020: €-1.36M▼ -72.0% vs 2019
2021: €708k▲ +152% vs 2020highest in 8 years
2022: €-3.01M▼ -524% vs 2021lowest in 8 years
2023: €-401k▲ +86.6% vs 2022
2024: €96k▲ +124% vs 2023
2025: €162k▲ +69.0% vs 2024
2018 → 2025
Working capital
€5.19M▼ 29.7%
2024 · €7.38M
2018: €-19.77Mlowest in 8 years
2019: €17.00M▲ +186% vs 2018highest in 8 years
2020: €15.23M▼ -10.4% vs 2019
2021: €13.78M▼ -9.5% vs 2020
2022: €9.90M▼ -28.2% vs 2021
2023: €11.64M▲ +17.5% vs 2022
2024: €7.38M▼ -36.5% vs 2023
2025: €5.19M▼ -29.7% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€2.32M-€-687k€1.91M€2.01M▲ 5.0%€2.17M▲ 8.1%
2021: €2.32Mhighest in 5 years
2022: €-687k▼ -130% vs 2021lowest in 5 years
2023: €1.91M▲ +378% vs 2022
2024: €2.01M▲ +5.0% vs 2023
2025: €2.17M▲ +8.1% vs 2024
Operating result€1.35M-€1.22M▼ 9.9%€210k▼ 82.7%€451k▲ 115%€355k▼ 21.4%
2021: €1.35Mhighest in 5 years
2022: €1.22M▼ -9.9% vs 2021
2023: €210k▼ -82.7% vs 2022lowest in 5 years
2024: €451k▲ +115% vs 2023
2025: €355k▼ -21.4% vs 2024
Net result€708k-€-3.01M€-401k▲ 86.6%€96k€162k▲ 69.0%
2021: €708khighest in 5 years
2022: €-3.01M▼ -524% vs 2021lowest in 5 years
2023: €-401k▲ +86.6% vs 2022
2024: €96k▲ +124% vs 2023
2025: €162k▲ +69.0% vs 2024
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 21% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €5.40M
Equity
€2.17M ▲ 8.1%
Debt
€3.23M ▼ 44.6%
Debt's share of the balance-sheet total falls from 74.4% to 59.8%. Equity is higher and debt is lower.
Key figures and ratios
Current ratio
25.64▲
2024 · 17.08
Quick ratio
0.62▼
2024 · 1.30
Debt to equity
1.49▼
2024 · 2.91
ROE
7.5%▲
2024 · 4.8%
ROA
3.0%▲
2024 · 1.2%
Debt ≤ 1 year
€211k▼
2024 · €459k
Debt > 1 year
€3.02M▼
2024 · €5.38M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 39 lines
Balance sheet
Code20242025
Assets
Total assets20/58€7.84M€5.40M▼
Fixed assets21/28€125-
Financial fixed assets28€125-
Current assets29/58€7.84M€5.40M▼
Stocks and contracts in progress3€7.25M€5.27M▼
Stocks30/36€7.25M€5.27M▼
Amounts receivable within one year40/41€550k€110k▼
Trade receivables40€550k€110k▼
Cash at bank and in hand54/58€45k€21k▼
Equity and liabilities
Total equity and liabilities10/49€7.84M€5.40M▼
Equity10/15€2.01M€2.17M▲
Contributions10/11€3.27M€3.27M=
Capital10€3.27M€3.27M=
Issued capital100€3.27M€3.27M=
Reserves13€27k€27k=
Non-distributable reserves130/1€27k€27k=
Legal reserve130€27k€27k=
Profit (loss) carried forward14€-1.29M€-1.12M▲
Amounts payable17/49€5.83M€3.23M▼
Amounts payable after more than one year17€5.38M€3.02M▼
Financial debts170/4€5.38M€3.02M▼
Amounts payable within one year42/48€459k€211k▼
Trade debts44€333k€21k▼
Suppliers440/4€333k€21k▼
Advances received on contracts in progress46€126k€190k▲
Taxes, remuneration and social security45-€568
Taxes450/3-€568
Income statement
Code20242025
Other operating charges640/8€1k€2k▲
Gross operating margin9900€452k€357k▼
Operating profit (loss)9901€451k€355k▼
Financial income75/76B-€0
Recurring financial income75-€0
Financial charges65/66B€355k€193k▼
Recurring financial charges65€355k€193k▼
Profit (loss) for the period before taxes9903€96k€162k▲
Profit (loss) for the period9904€96k€162k▲
Profit (loss) for the period to be appropriated9905€96k€162k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-1.29M€-1.12M▲
Profit (loss) brought forward from the previous period14P€-1.38M€-1.29M▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | €-1.10M | - | - | - | - | - |
| Other operating charges640/8 | €173 | €3k | €2k | €1k | €2k | ▲ 85.3% |
| Gross operating margin9900 | €249k | €1.22M | €212k | €452k | €357k | ▼ 21.1% |
| Operating profit (loss)9901 | €1.35M | €1.22M | €210k | €451k | €355k | ▼ 21.4% |
| Financial income75/76B | €392 | - | - | - | €0 | - |
| Recurring financial income75 | €392 | - | - | - | €0 | - |
| Financial charges65/66B | €642k | €4.22M | €611k | €355k | €193k | ▼ 45.8% |
| Recurring financial charges65 | €642k | €556k | €611k | €355k | €193k | ▼ 45.8% |
| Non-recurring financial charges66B | - | €3.67M | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €708k | €-3.01M | €-401k | €96k | €162k | ▲ 69.0% |
| Profit (loss) for the period9904 | €708k | €-3.01M | €-401k | €96k | €162k | ▲ 69.0% |
| Profit (loss) for the period to be appropriated9905 | €708k | €-3.01M | €-401k | €96k | €162k | ▲ 69.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €31.58M | €13.81M | €12.01M | €7.84M | €5.40M | ▼ 31.1% |
| Fixed assets21/28 | €13.40M | €125 | €125 | €125 | - | - |
| Financial fixed assets28 | €13.40M | €125 | €125 | €125 | - | - |
| Current assets29/58 | €18.18M | €13.81M | €12.01M | €7.84M | €5.40M | ▼ 31.1% |
| Stocks and contracts in progress3 | €17.77M | €13.52M | €11.70M | €7.25M | €5.27M | ▼ 27.3% |
| Stocks30/36 | €17.77M | €13.52M | €11.70M | €7.25M | €5.27M | ▼ 27.3% |
| Amounts receivable within one year40/41 | €104k | €138k | €42k | €550k | €110k | ▼ 80.1% |
| Trade receivables40 | €94k | €175 | €42k | €550k | €110k | ▼ 80.1% |
| Other amounts receivable41 | €10k | €138k | - | - | - | - |
| Cash at bank and in hand54/58 | €308k | €145k | €274k | €45k | €21k | ▼ 51.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €31.58M | €13.81M | €12.01M | €7.84M | €5.40M | ▼ 31.1% |
| Equity10/15 | €2.32M | €-687k | €1.91M | €2.01M | €2.17M | ▲ 8.1% |
| Contributions10/11 | €267k | €267k | €3.27M | €3.27M | €3.27M | = |
| Capital10 | €267k | €267k | €3.27M | €3.27M | €3.27M | = |
| Issued capital100 | €267k | €267k | €3.27M | €3.27M | €3.27M | = |
| Reserves13 | €27k | €27k | €27k | €27k | €27k | = |
| Non-distributable reserves130/1 | €27k | €27k | €27k | €27k | €27k | = |
| Legal reserve130 | €27k | €27k | €27k | €27k | €27k | = |
| Profit (loss) carried forward14 | €2.02M | €-980k | €-1.38M | €-1.29M | €-1.12M | ▲ 12.6% |
| Amounts payable17/49 | €29.26M | €14.49M | €10.10M | €5.83M | €3.23M | ▼ 44.6% |
| Amounts payable after more than one year17 | €24.87M | €10.59M | €9.72M | €5.38M | €3.02M | ▼ 43.8% |
| Financial debts170/4 | €24.87M | €10.59M | €9.72M | €5.38M | €3.02M | ▼ 43.8% |
| Amounts payable within one year42/48 | €4.40M | €3.90M | €376k | €459k | €211k | ▼ 54.1% |
| Current portion of amounts payable after more than one year42 | €4.00M | €3.59M | - | - | - | - |
| Trade debts44 | €52k | €135k | €214k | €333k | €21k | ▼ 93.8% |
| Suppliers440/4 | €52k | €135k | €214k | €333k | €21k | ▼ 93.8% |
| Advances received on contracts in progress46 | €347k | €181k | €162k | €126k | €190k | ▲ 50.4% |
| Taxes, remuneration and social security45 | - | - | €960 | - | €568 | - |
| Taxes450/3 | - | - | €960 | - | €568 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €708k | €-3.01M | €-401k | €96k | €162k | ▲ 69.0% |
| Operating cash flow (approximation) | €708k | €-3.01M | €-401k | €96k | €162k | ▲ 69.0% |
| Investment in fixed assets (approximation) | - | €13.40M | €0 | €0 | - | - |
| Change in cash | - | €-163k | €129k | €-230k | €-23k | ▲ 90.0% |
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
09-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
20-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Back to profitnet €96k
Net result €96k after 2 loss-making years.
31-12
Financial
Equity above €2MEq €2.01M ▲5%
Equity rises from €1.91M to €2.01M.
03-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Liquidity times 9current ratio 31.92
Current ratio from 3.54 to 31.92; short-term debt falls from €3.90M to €376k.
31-12
Financial
Equity above €1MEq €1.91M
Equity rises from €-687k to €1.91M.
11-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Weakest financial yearnet €-3.01M
Net result drops to €-3.01M, the lowest in the series; recovery starts the following year.
18-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €708k
Net result €708k after 2 loss-making years.
31-12
Financial
Equity above €2MEq €2.32M ▲44%
Equity rises from €1.61M to €2.32M.
Show earlier events
01-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
10-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Liquidity times 10current ratio 5.14
Current ratio from 0.52 to 5.14; short-term debt falls from €40.76M to €4.11M.
11-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
09-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
17-10
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 78 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 28 acts read
About the unread acts
We know of 28 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
28 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, Hasselt · 1 establishment unit since 2002
Ground area
3.4 ha
Building footprint
698 m²
Parcel 71327G0695/00B002, Flanders. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
Broekermolenplein 2, 3500 Hasselt
since 20022.096.184.846
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71327G0695/00B002 | Flanders | 3.4 ha | 1 · 698 m² | - |
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 1,292 companies in sector 68122 we hold annual accounts for 901. 482 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
Founded21-01-2002
Fiscal year end31-12
Activities, NACEBEL 2025
68122Development of non-residential building projects
68121Development of residential building projects
Scores and ratios are computed by Checked and are not a credit decision.