Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 65 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
CANAL OOST from Oostende, company number BE0427798110, closed financial year 2025 with a result of € -23,252 after tax. For that financial year CANAL OOST recorded a gross margin of € 1.8 million and equity of € 225,704. Compared with financial year 2024, the result moved from € 117,655 to € -23,252. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on April 1, 2026.
€ 225,704
▼ 9% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -23,252
▼ still € 117,655 profit in 2024
Profit after tax over the fiscal year.
€ 189,646
▼ 17% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 207,112.
People and assets in 2025
31.1
Average over the fiscal year, from the social balance sheet.
€ 1.7 million
▲ 11% vs 2024
€ 54,900 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 55,459
▼ 5% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 143,464
▲ 53% vs 2024
€ 45,694 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 320,870
▲ 40% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 182,144
▼ 8% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 1,190,312 | € 1,487,284 | € 1,780,072 | € 1,771,251 | |
| Profit after taxes | € 105,719 | € 16,709 | € 117,655 | € -23,252 | ▼ € 140,906 |
| Equity | € 181,477 | € 131,300 | € 248,955 | € 225,704 | ▼ 9% |
| Total debts | € 396,371 | € 495,354 | € 522,128 | € 650,017 | ▲ 24% |
| Cash | € 88,647 | € 126,741 | € 229,136 | € 189,646 | ▼ 17% |
| Land & buildings | € 22,652 | € 10,834 | € 0 | - | |
| Retained profit | € 162,885 | € 112,708 | € 230,363 | € 207,112 | ▼ 10% |
| Dividend | € 39,000 | € 66,885 | € 0 | € 0 | |
| Bank debt | € 192,573 | € 143,648 | € 93,660 | € 143,464 | ▲ 53% |
| Balance sheet total | € 577,848 | € 626,654 | € 771,083 | € 875,720 | ▲ 14% |
| Employees (FTE) | 23 | - | - | 31.1 |
Key figures of CANAL OOST, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 April 2027.
What happened to CANAL OOST?
What happened at CANAL OOST in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 23,252 (▼ € 140,906 vs 2024). Source: NBB ↗
- New establishment in Gent. KBO
- New establishment in Oostende. KBO
- Start of the company according to the CBE. KBO
- New establishment in Oostende. KBO
In short
From € 105,719 profit in 2022 to € 23,252 loss in 2025.
Paid € 79,838 in corporate taxes since 2022.
Best year ever: 2024, with € 117,655 profit.
On average € 57,000 of value added per employee in 2025.
Management
Behind CANAL OOST are Laurence Van Cauter and David Meert. David Meert is also behind DUBBEL C..
Directors
According to the 2025 annual accounts
Laurence Van Cauter
Director
Establishments
Establishment units
Physical locations of this company
Hendrik Serruyslaan 18 box a
8400 Oostende
Hendrik Serruyslaan 18 box A
8400 Oostende
Active since 14 November 1963
Wittenonnenstraat 63
8400 Oostende
Active since 1 July 2022
Kouter 159
9000 Gent
Active since 1 October 2024
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 4 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0427.798.110
- VAT number
- BE 0427.798.110
- Registered office
- Hendrik Serruyslaan 18 bus a, 8400 Oostende
- Names & denominations
- CANAL OOST
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 6 September 1985
- Peppol
- Active · Active since 21 Oct 2026
- Activities · NACE
Cafés en bars
Activiteiten van eetgelegenheden met volledige bediening
Eetgelegenheden met volledige bediening
Niet-gespecialiseerde detailhandel waarbij voedings- en genotmiddelen overheersen
Catering van evenementen
Vervaardiging van bereide maaltijden en schotels