Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 53 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
87 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
Good Life Canal from Gent, company number BE0401506754, closed financial year 2025 with a result of € -553,601 after tax. For that financial year Good Life Canal recorded a gross margin of € 647,891 and equity of € 427,766. Compared with financial year 2024, the result moved from € 63,112 to € -553,601. The company made a loss. The buffer shrank hard: equity is 56 % below last year. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 15, 2026.
€ 427,766
▼ 56% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -553,601
▼ still € 63,112 profit in 2024
Profit after tax over the fiscal year.
€ 720,181
▲ 157% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 365,766.
People and assets in 2025
0
Average over the fiscal year, from the social balance sheet.
Debts at end 2025
€ 3.3 million
▲ 72% vs 2024
Loans from banks and other lenders, long and short.
€ 83,377
▼ 83% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 19,169
▼ 88% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 704,790 | - | - | - | |
| Gross margin | € 686,596 | € 753,924 | € 296,177 | € 647,891 | ▲ 119% |
| Profit after taxes | € 436,958 | € 364,665 | € 63,112 | € -553,601 | ▼ € 616,714 |
| Equity | € 553,591 | € 918,255 | € 981,367 | € 427,766 | ▼ 56% |
| Total debts | € 163,111 | € 1,147,979 | € 2,542,344 | € 3,368,756 | ▲ 33% |
| Cash | € 236,985 | € 358,162 | € 279,943 | € 720,181 | ▲ 157% |
| Land & buildings | € 477,085 | € 473,779 | € 475,047 | € 469,397 | ▼ 1% |
| Retained profit | € 491,591 | € 856,255 | € 919,367 | € 365,766 | ▼ 60% |
| Bank debt | € 0 | € 684,687 | € 1,897,144 | € 3,264,553 | ▲ 72% |
| Balance sheet total | € 716,702 | € 2,066,234 | € 3,523,711 | € 4,644,212 | ▲ 32% |
Key figures of Good Life Canal, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to Good Life Canal?
What happened at Good Life Canal in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Gldf II Partners NV stepped down as director. NBB
- Ninja Club BV stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 553,601 (▼ € 616,714 vs 2024). Source: NBB ↗
- Gldf II Partners NV became a director. NBB
- Ninja Club BV became a director. NBB
- New establishment in Ukkel. KBO
- Start of the company according to the CBE. KBO
In short
From € 436,958 profit in 2022 to € 553,601 loss in 2025.
Paid € 325,686 in corporate taxes since 2022.
Best year ever: 2022, with € 436,958 profit.
Management
The stake of Good Life Brussels comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
Good Life CanalThe shares are held by Good Life Brussels (100%).
Directors
According to the 2025 annual accounts
Director · represented by Nicolas Bearelle
Also active at: Waterfront Schelle, RUISBROEK KERN LAND, The Good Life Development Fund II, POZNAN DEVELOPMENT HOLDING, Waterfront Schelle Development, Good Life Interescaut, Good Life Brussels, Ruisbroek Development +3 more
since 2026 · until 2032
Director · represented by Alexandre Huyghe
Also active at: RUISBROEK KERN LAND, The Good Life Fund, GDANSK DEVELOPMENT HOLDING, ATELIER 9050, POZNAN DEVELOPMENT HOLDING, Good Life Interescaut, Good Life Brussels, Equitym +9 more
since 2026 · until 2032
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Nieuwewandeling 62
9000 Gent
Waterloosesteenweg 868
1180 Ukkel
Active since 1 January 1981
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 87 companies are registered at this address.
All companies at this address →SPORTTRADE INTERNATIONAL
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€ 334,363 gross margin · 2023
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€ -4,582 gross margin · 2025
+82 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0401.506.754
- VAT number
- BE 0401.506.754
- Registered office
- Nieuwewandeling 62, 9000 Gent
- Names & denominations
- Good Life Canal
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 1 January 1968
- Peppol
- Active · Active since 4 Dec 2025
- Activities · NACE
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