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 15 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
CANAL CONSTRUCT from Gent, company number BE0471546494, closed financial year 2025 with a result of € -73,813 after tax. For that financial year CANAL CONSTRUCT recorded a gross margin of € -8,270 and equity of € 128,759. Compared with financial year 2024, the result moved from € 124,550 to € -73,813. The company made a loss. The company holds a healthy buffer. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on May 29, 2026.
€ 128,759
▼ 36% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -73,813
▼ still € 124,550 profit in 2024
Profit after tax over the fiscal year.
€ 26,799
▲ € 24,124 vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 110,167.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 200,383
▲ € 198,653 vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 81,256
▲ 12% 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 | |
|---|---|---|---|---|---|
| Gross margin | € 3,608 | € 206,442 | € 222,564 | € -8,270 | ▼ € 230,834 |
| Profit after taxes | € -3,592 | € 126,844 | € 124,550 | € -73,813 | ▼ € 198,362 |
| Equity | € -48,821 | € 78,022 | € 202,572 | € 128,759 | ▼ 36% |
| Total debts | € 3,108,814 | € 2,668,202 | € 2,673,394 | € 3,668,571 | ▲ 37% |
| Cash | € 112,447 | € 2,603 | € 2,675 | € 26,799 | ▲ € 24,124 |
| Retained profit | € -67,413 | € 59,430 | € 183,980 | € 110,167 | ▼ 40% |
| Balance sheet total | € 3,059,993 | € 2,746,225 | € 2,875,966 | € 3,797,330 | ▲ 32% |
Key figures of CANAL CONSTRUCT, 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 CANAL CONSTRUCT?
What happened at CANAL CONSTRUCT in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 73,813 (▼ € 198,362 vs 2024). Source: NBB ↗
- Vanden Bruyn BV became a director. NBB
- Debinco NV became a director. NBB
- New establishment in Gent. KBO
- Start of the company according to the CBE. KBO
In short
From € 3,592 loss in 2022 to € 73,813 loss in 2025.
Paid € 73,114 in corporate taxes since 2022.
Best year ever: 2023, with € 126,844 profit.
Management
The stake of CANAL PROPERTIES, TARGET INVEST comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
CANAL CONSTRUCTBehind CANAL CONSTRUCT are Vanden Bruyn BV and Debinco NV. The shares are held by CANAL PROPERTIES (50%) and TARGET INVEST (50%).
Directors
According to the 2025 annual accounts
since 2016
since 2016
Shareholders
50%
50%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Gordunakaai 87
9000 Gent
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 9 companies are registered at this address.
All companies at this address →IMMOTRION
€ 236,982 gross margin · 2025
VANDEN BRUYN same network
€ 304,268 gross margin · 2025
CANAL PROPERTIES same network
€ 1.5 million gross margin · 2025
DE VOORKANT
€ 1.2 million gross margin · 2025
TARGET INVEST same network
€ -1,604 gross margin · 2025
+4 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
- 0471.546.494
- VAT number
- BE 0471.546.494
- Registered office
- Gordunakaai 87, 9000 Gent
- Names & denominations
- CANAL CONSTRUCT
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 29 March 2000
- Peppol
- Active · Active since 12 Jan 2026
- Activities · NACE
Ontwikkeling van residentiële bouwprojecten