Financials
- Fiscal year
- 2025
- Total assets
- €25.3m
- Loss
- -€1.6m
- Solvency
- 5.4%
Turnover▼ 20.1%
Net result
20192023
KANAALKOM DEVELOPMENT
ActiveSummary
The annual accounts of KANAALKOM DEVELOPMENT for fiscal year 2025 show a net loss of 53% of the equity at the start of that year. The 2025 annual accounts show equity of €1.4m and a net result of -€1.6m. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 19% of 5,669 sector peers (NACE 68, fiscal year 2025). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.3% (very low).
Overview
Activity
Development of residential building projects
NACE 68121
1 site
Size
€25.3mtotal assets 2025
- Equity
- €1.4m
- Loss
- -€1.6m
Structure
- Parent
- MAATSCHAPPIJ TOT EXPLOITATIE VAN IMMOBILIEN · 100%
Accounts 31 days early0 of 13 deeds read
Why 54Capped at 59: a net loss of at least half of total assets or of the equity at the start of the financial year- Liquidity: current ratio 31.12, cash €27,648- Loss of €1.6m, the second in a row (FY 2025)+ Size: total assets €25.3m+ Sector Real estate activities (NACE 68)Show the evidence
Checked score
Score 2025
54
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 25% of its sector peers (NACE 68, medium-sized)
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59. Every signal that weighs is under Signals.
Financial strength · tick = 2024
Weak
Solvency
30-3
equity 5.4% of total assets
Liquidity
50=
short-term debt 3.2% · cash 0.1%
Profitability
22+5
return on assets -6.2%
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 0.2%
12-2024: 0.2%● unchanged vs 11-2024
01-2025: 0.2%● unchanged vs 12-2024
02-2025: 0.2%● unchanged vs 01-2025lowest value
03-2025: 0.2%● unchanged vs 02-2025
04-2025: 0.2%● unchanged vs 03-2025
05-2025: 0.2%● unchanged vs 04-2025
06-2025: 0.2%● unchanged vs 05-2025
07-2025: 0.2%● unchanged 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: 0.2%● unchanged vs 03-2026
05-2026: 0.2%● unchanged vs 04-2026
06-2026: 0.3%▲ +0.1 percentage points vs 05-2026
07-2026: 0.3%● unchanged vs 06-2026highest value
08-2026: 0.3%● unchanged vs 07-2026
09-2026: 0.3%● unchanged vs 08-2026
10-2026: 0.3%● unchanged vs 09-2026
Credit up to €70,000 at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity ample (current ratio 31.12 against 17.07 in 2024; short-term debt: 3.2% and cash: 0.1% of total assets), but 94.6% of the assets are financed with debt.
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 (NACE 68, medium-sized): better than 23% on solvency, 52% on liquidity, 16% on profitability and 8% on growth.
The bankruptcy probability was computed on 06-10-2026 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
Seven signals.
−lowers risk+raises risk○neutral
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€1.6m
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 5669 sector peers (2025).
NBB · sector comparisonPosition among 5669 sector peers
Solvency
better than 19%
← weakest
strongest →
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 30-06-2026, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
31 days early
2024
41 days early
2023
58 days early
2022
20 days early
2021
22 days late
2020
31 days late
2019
21 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 17 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)
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. Usually files around 30 June (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
07-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · full…
- Annual accounts filedfiscal year 2024 · abbreviated…
- Annual accounts filedfiscal year 2023 · full…
Key points
- Risk: 5 loss-making years in a rowloss fiscal year 2025 -€1.6m View
- Caution: Among the weakest 5% on net resultsector median €21,361 · 5,675 companies -€1.6m View
- Caution: Equity fell in 2025from €2.9m to €1.4m ▼ 53.1% View
- Controlled by MAATSCHAPPIJ TOT EXPLOITATIE VAN…ultimately: ABACUS INVEST 100% View
- Positive: Always filed on timeaccounts within the deadline every year 4 years View
By topic
Board & ownership
- Parent
- MAATSCHAPPIJ TOT EXPLOITATIE VAN… · 100%
Network & group
- Group
- ABACUS INVEST
Timeline
- Events
- 14
- Since
- 2017
- Next accounts
- by 31-07-2027
- 11-07-2023Annual accounts filed
- 31-12-2022Liquidity times 15
- 31-12-2022Equity above €5m
Company details
- Sites
- 1
- Legal form
- Public limited company
- Activity
- Development of residential building projectsNACE 68121
- Founded
- 25-02-2016
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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