Active BE 0761.815.828Public limited company

Kanal

Cortenbachplein 8 ·2800 Mechelen, Belgium· 5 yrs active

Sector: Real estate activities (68121)

Conclusion Checked

The computed 12-month bankruptcy probability of Kanal is 0.7% (low). The 2024 annual accounts show equity of €102k and a net result of €-2k. Equity remains stable across the filed fiscal years (±1.2% per year). Its solvency ranks better than 95% of 1685 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 3 annual accounts.

Key figures

Equity	€102k
Net result	€-2k
Better than sector	95%
Active	5 yrs

Snowflake analysis 5 axes · computed by Checked

58 / 100

Mixed profile: strong on solvency, weaker on profitability.

Health 62

Profitability 0

Solvency 100

Growth 32

Stability 94

Bankruptcy probability (12 mo) Checked model v1 · free

0.7% Low

0%0,5%1,5%4%10%≥25%

Young company +Lower-failure-rate sector −Lower-risk legal form −

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 3 signals

More than 3 years active

Founded in 2021, past the statistically most fragile first 3 years.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad.

Administratively compliant

No FOD Economie strikeouts (UBO, accounts, address, activity).

Administrative Flags 0 events

No administrative flags

Health barometer FY 2024 · computed

62 / 100 Healthy

050100

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.

Financial overview3 NBB filings

Annual accounts filed on 03-07-2025 with the NBB · fiscal year 2024 · verkort

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

stable Equity: stable across 3 fiscal years (±1.2%/year).

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2024 · NACE 68, Real estate activities · compared within the same schema type (abbreviated schema)

Metric	This company	Sector median	Position in the sector
Solvency	94.6%	14.2%	better than 95% of 1685 sector peers
Net result	€-2k	€-270	better than 48% of 1681 sector peers
Equity	€102k	€107k	better than 49% of 1685 sector peers
Gross operating margin	€-1k	€50k	better than 28% of 1682 sector peers
Total assets	€108k	€1.50M	better than 8% of 1685 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

Net profit

€-2k

-188.1% +17% vs sector

Total assets

€108k

-19.6% -35% vs sector

Equity

€102k

-1.8% ≈ vs sector

Working capital

€104k

-1.8% +167% vs sector

Income taxes

€3

-100.0% -100% vs sector

Dividends

€520k

- 22-24

Debt

€6k

-80.8% -91% vs sector

Debt ≤ 1y

€4k

-87.5% -95% vs sector

Current ratio

30.85

+542.2% far above sector median

Quick ratio

30.85

+542.2% far above sector median

Solvency

94.6%

+22.2% +184% vs sector

Debt / equity

0.06

-80.4% -98% vs sector

ROE

-1.9%

-193.5% +83% vs sector

ROA

-1.8%

-258.5% +20% vs sector

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2024
Revenue	-
EBITDA	-
Net profit	€-2k
Cash flow	-
Staff costs	-
Income taxes	-
Dividends	-
Total assets	€108k
Equity	€102k
Debt	€6k
of which ≤ 1y	€4k
of which > 1y	-
Working capital	€104k
Employees (FTE)	-

Ratios (computed)

	2024
Current ratio	30.85
Quick ratio	30.85
Working capital ratio	96.8%
Solvency	94.6%
Debt / equity	0.06
Long-term debt ratio	-
Interest coverage	-
Gross margin	-
Net margin	-
ROA	-1.8%
ROE	-1.9%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2024

Equity & liabilities

Equity €102k · 94.6% Debt €6k · 5.4%

Full annual accounts

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2024
Balance sheet, Assets
TOTAL ASSETS	20/58	€108k
Current assets	29/58	€108k
Amounts receivable within one year	40/41	€235
Cash & bank	54/58	€108k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€108k
Equity	10/15	€102k
Contributions / capital	10/11	€100k
Reserves	13	€5k
Accumulated profits (losses)	14	€-3k
Amounts payable	17/49	€6k
Amounts payable within one year	42/48	€4k
Trade debts payable within one year	44	€4k
Income statement
Gross operating margin	9900	€-1k
Operating result	9901	€-2k
Financial charges	65	€196
Result before taxes	9903	€-2k
Net result for the period	9904	€-2k
Result to be appropriated	9905	€-2k

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Ratios computed by Checked.

Directors & mandates 4 directors

Current directors & mandates

Steve NystenLegal entity
Director· perm. rep.: Steve Nysten
State Gazette act 26021511 (11-02-2026)

Current
11-02-2026 → present
2 events
- 11-02-2026 Appointed· Director
- 11-02-2026 Appointed· Managing director
REAL ESTATE DEVELOPMENT AND INVESTMENT CONSULTINGLegal entity
Director· perm. rep.: Hans Verecyken
State Gazette act 26021511 (11-02-2026)

Current
25-10-2021 → present
4 events
- 11-02-2026 Appointed· Director
- 11-02-2026 Appointed· Managing director
- 25-10-2021 Appointed· Managing director
- 25-10-2021 Appointed· Director

Former directors (2)

Hoome GroupLegal entity
Director· perm. rep.: Hans Vereycken
State Gazette act 26021511 (11-02-2026)

Former
- → 11-02-2026
OTTE-VEREYCKENLegal entity
Director· perm. rep.: Frédérik Otte
State Gazette act 26021511 (11-02-2026)

Former
- → 11-02-2026

Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.

Legal Structure

NACE primary	Real estate activities(68121)
Legal form	Public limited company(014)
Incorporation	20-01-2021
Status	Active
Postal code	2800

Connections & network 3 connected companies

Group structure

REAL ESTATE DEVELOPMENT AND INVESTMENT CONSULTING

Parent · 2 subsidiaries · 1 location

Control→

Steve Nysten

Parent · 2 subsidiaries · 1 location

Control→

Network connections

Steen 1

Shared corporate director

→

Connections derived from shared directors, addresses, shareholders and group structure in the Belgian State Gazette.

Establishment units 1 location

Kanal

Cortenbachplein 8, 2800 MechelenOntwikkeling van residentiële bouwprojecten

since 20212.312.414.078

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
12025D0602/00C002 ProtectedMonumentHof Cortenbach: achterhuisSource ↗	Flanders	231 m²	1 · 166 m²	16.1 m · 5 fl.

Methodology

via registered seat: 1

1 of 1 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).

Updates 7 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2026

11-02-2026

State Gazette act Director changes

v3.2

2025

03-07-2025

NBB filing Annual accounts filed

fiscal year 2024 · verkort

2024

09-07-2024

NBB filing Annual accounts filed

fiscal year 2023 · verkort

2023

07-07-2023

NBB filing Annual accounts filed

fiscal year 2022 · verkort

2021

06-12-2021

State Gazette act Director changes

v3.2

25-10-2021

State Gazette act Director changes

v3.2

22-01-2021

State Gazette act Incorporation

oprichting

Belgisch Staatsblad, acts 4 acts

All acts · 4 updated 5 months ago

2026

11-02-2026 4 directors appointed, 2 resigning Director changes

Steve Nysten, Bestuurder
Hans Verecyken, Bestuurder
Steve Nysten, Gedelegeerd bestuurder
Hans Vereycken, Gedelegeerd bestuurder
Frédérik Otte, Bestuurder
Hans Vereycken, Bestuurder

Summary: v3.2

Original publication ↗

Technical details

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2021

06-12-2021 2 directors appointed, 1 resigning Director changes

Hoome Group NV, Bestuurder
Hoome Group NV, Gedelegeerd bestuurder
Real Estate Development and investment consulting BV, Bestuurder

Summary: v3.2

Original publication ↗

Technical details

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25-10-2021 2 directors appointed, 1 resigning Director changes

Hans Vereycken, Gedelegeerd bestuurder
Hans Vereycken, Bestuurder
Real Estate Development and investment consulting BV, Bestuurder

Summary: v3.2

Original publication ↗

Technical details

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22-01-2021 Incorporation of a new NV Incorporation

Summary: oprichting

Original publication ↗

Technical details

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      "kind": "rechtspersoon",
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}

Credit advice verdict per customer and amount

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Company registry (CBE) Crossroads Bank

Activities

Ontwikkeling van residentiële bouwprojecten41101Ontwikkeling van residentiële bouwprojecten68121Ontwikkeling van niet-residentiële bouwprojecten41102Ontwikkeling van niet-residentiële bouwprojecten68122

Primary activity highlighted.

Names & trade names

Legal nameNL

Kanal

Registered office

Cortenbachplein 8 bus 101

2800 Mechelen, Belgium

Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.

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