Turnover
€55,892 ▼ 74.2%
Turnover fell in 2025 from €216,778 to €55,892.
KANAL
Lifetime
8 annual accounts with figures on one time axispeak €4.9m (2018)
-not published
lowest -€762,376 (2018)
€3.5m▲ 52.4%
peak €170.2m (2025)
€170.2m▲ 8.7%
€21.9m▲ 18.8%
peak 81.9 FTE (2025)
81.9 FTE▲ 16.8%
Board18 names since 2017all names
11 directors and 10 others
Documentsfilings and deeds
20-05-202672 days before the deadline
2025abbreviated format
Turnover from €216,778 to €55,892Result from €2.3m to €3.5mStaff from 70.1 FTE to 81.9 FTE1 director appointed, 2 resignations 27-10Debts from €18.4m to €21.9mInvestments €66.6m
Key points
from the 2025 annual accountsInvestments
€65.4m 179.7 × depreciation
Green is investment, beige is depreciation.
Staff
83 employees on 31-12-2025
In 2025, 40 people joined and 36 left. On top of that, 1.9 agency workers worked there on average.
Payment terms
867 days to suppliers
KANAL pays its suppliers 190 days later than in 2024. Customers pay 72 days later.
Liquidity
0.88 was 5.15 in 2024
Short-term debts rose from €13.1m to €20.7m.
Position in the sector
€3.5m
Higher net result than 95% of companies in libraries, archives and museums. Sector median €20,503 · 116 companies.
Checked score
Bankruptcy probability within 12 months
Checked does not compute a bankruptcy probability for a Public-utility foundation. The model is built on companies and gives no reliable figure for associations and foundations.
Financial strength
Credit verdict
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Board and ownership
Chair
Director, since 29-09-2017
Director, since 08-06-2020
Director, since 29-09-2017
Director, since 29-09-2017
Auditor,
Recent changes
New establishment in Brussels
Fondation Kanal, Willebroekkaai 5
Resignation: (secretary general)
Board meeting of 08-12-2025 · Gazette deed
1 director appointed, 2 resignations
Resignations: and · Appointment: · Board meeting of 04-12-2023 · Gazette deed
Amendment of the articles
Board meeting of 24-06-2024 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| KANAL Brussels | €0.06m | - | 88.6% | 81.9 |
| La CROIX de l'Aigle Brussels | - | - | 45.7% | 25.7 |
| Fondation Folon La Hulpe | - | - | 97.8% | 14 |
| PANELITE Wemmel | €5.4m | -2.6% | 91.2% | 25 |
| Erfgoedsite Abdij Van Park Leuven | - | - | 66.3% | 0.9 |
These companies have the same main activity as KANAL: libraries, archives, museums and other cultural activities (NACE 91210). They are comparable in size and age: total assets between €23m and €374m, founded between 1998 and 2017.
Official details
Source: KBO- Status
- Active since 03-10-2017Normal situation
- Registered office
- 14 active companies are registered at this address2 started in the 12 months before. Source: KBO register, as of 14 November 2026.
- Activity
- Libraries, archives, museums and other cultural activitiesNACE 91210and 6 others
- Joint committee
- 329.03Socio-cultural sector · annual accounts 2025
- Establishment units
- 2.271.135.0361000 Brussels, since 01-01-2018
- 2.335.116.0381000 Brussels, since 25-08-2022and 1 other
- Financial year end
- 31 December
- Peppol
- Reachable
Annual accounts 2025
- €20.8m▲ 44.9%
- €192.1m▲ 9.7%
- Employeeson 31-12-2025
- 83▲ 5.1%
- Filing
- Filed on 20-05-2026, 72 days before the end of the filing period
Insights on KANAL
KANAL has the legal form “Public-utility foundation” in the KBO. Checked does not compute a bankruptcy probability for it. The 2025 annual accounts show equity of €170.2m and a net result of €3.5m.
Equity has been growing by about 29% per year since 2018. Its solvency ranks better than 90% of 114 sector peers (NACE 91, financial year 2025).
The company has been active since 2017 and the Belgian Official Gazette contains no insolvency or warning signals.
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 KANAL
- What is the company number of KANAL?
- The company number of KANAL is 0682.473.786. The VAT number is the same number with BE in front: BE 0682.473.786.
- Where is KANAL based?
- The registered office is at Sainctelettesquare 11-12, 1000 Brussels.Company details
- What does KANAL do?
- According to the KBO register, the main activity is libraries, archives, museums and other cultural activities (NACE 91210).
- What is the legal form of KANAL?
- KANAL is a public-utility foundation.
- When was KANAL founded?
- KANAL was founded on 03-10-2017.
- Is KANAL still active?
- Yes, KANAL is an active enterprise in the KBO register.
- How many employees does KANAL have?
- KANAL had an average of 81.9 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does KANAL fall under?
- In its 2025 annual accounts, KANAL states joint committee 329.03 (Socio-cultural sector).
- What is the turnover of KANAL?
- The turnover of KANAL was €55,892 in financial year 2025, according to the filed annual accounts.
- Is KANAL profitable?
- In financial year 2025, KANAL made a profit of €3.5m.
- Where can I find the annual accounts of KANAL?
- KANAL filed 8 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of KANAL due?
- KANAL must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence See whether the workforce is growing and whether people stay.Employer check Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark
See how customers, suppliers and banks see your own company and what to improve first.