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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Negative equity NBB
More debt than assets in 2 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 13 % of short-term debt in 2025; threshold 65 %.
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Figures corrected NBB
Corrected annual account filed for 2025.
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Board fully replaced NBB
No director from three years ago is still active according to annual account 2025.
Financials
Financial year 2025
KANAELZICHT from Merelbeke-Melle, company number BE0722659797, closed financial year 2025 with a result of € -635,968 after tax. For that financial year KANAELZICHT recorded revenue of € 1.6 million and equity of € -986,053. Compared with financial year 2024, the result moved from € -384,061 to € -635,968. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 28, 2026.
€ -986,053
▼ € 635,968 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -635,968
▼ 66 % more loss than in 2024
Profit after tax over the fiscal year.
€ 866,696
▲ 213% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -1 million.
Debts at end 2025
€ 3.8 million
Loans from banks and other lenders, long and short.
€ 1.5 million
▲ 184% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 83 days on average.
€ 16,598
▼ 35% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 18,918,676 | € 9,013,637 | € 1,390,398 | € 1,566,056 | ▲ 13% |
| Profit after taxes | € 931,554 | € -345,823 | € -384,061 | € -635,968 | ▼ € 251,906 |
| Equity | € 379,798 | € 33,975 | € -350,086 | € -986,053 | ▼ € 635,968 |
| Total debts | € 8,717,835 | € 7,059,275 | € 5,995,283 | € 9,759,352 | ▲ 63% |
| Cash | € 978,640 | € 999,894 | € 277,236 | € 866,696 | ▲ 213% |
| Retained profit | € 317,798 | € -28,025 | € -412,086 | € -1,048,053 | ▼ € 635,968 |
| Bank debt | € 1,528,622 | € 9,000 | € 0 | € 3,816,628 | |
| Balance sheet total | € 9,097,633 | € 7,093,251 | € 5,645,197 | € 8,773,299 | ▲ 55% |
Key figures of KANAELZICHT, 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 KANAELZICHT?
What happened at KANAELZICHT in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Devan Holding BV stepped down as director. NBB
- ViBel BV stepped down as director. NBB
- Corrected annual accounts filed for financial year 2025. Source: NBB ↗
- Studios VOF stepped down as director. NBB
- Ninix BV became a director. NBB
- Devan Holding BV became a director. NBB
- Studios VOF became a director. NBB
- ViBel BV became a director. NBB
In short
From € 931,554 profit in 2022 to € 635,968 loss in 2025.
Paid € 108,844 in corporate taxes since 2022.
Best year ever: 2022, with € 931,554 profit.
Pays suppliers within 83 days on average.
A new publication or filing at KANAELZICHT? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The stake of IMMOGRADA, TILLINVEST, EAGLE FUND II comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
KANAELZICHTBehind KANAELZICHT is Ninix BV. The shares are held by IMMOGRADA (35%), TILLINVEST (35%) and EAGLE FUND II (30%).
Directors
According to the 2025 annual accounts
Director · represented by Simon Synaeghel
Also active at: Manaya, Sterling, 17B, Till-IT, Geniki, Valoras, SALTY JOHN, LONG NELLE +6 more
since 2025
Director · represented by Steve Degrieck
Also active at: BELFAS, KOBE PROJECTS, Groep Caenen Capital Fund, GROEP CAENEN CAPITAL FUND II, Eagle Fund I, GROEP CAENEN CAPITAL FUND III, EAGLE FUND II, SEAPARK +19 more
since 2025 · until 2030
Director · represented by Carl-Philip De Villegas De Clercamp
Also active at: NEDCO, TER DOENAERT, Immo V.V.L. Leuven, IMMOCOR, GILBO, LES FOUGERES, IMMOGRADA, VM Weggevoerdenlaan ComCo +44 more
since 2022 · until 2030
Director · represented by Piet Van Waes
Also active at: TILLEGEM INVEST, Green Park Dressco, Dentco, Dressco, HEB, The Karting Company, RETT KURS, WELLMAN +5 more
since 2025 · until 2025
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Brusselsesteenweg 197
9090 Merelbeke-Melle
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
- 0722.659.797
- VAT number
- BE 0722.659.797
- Registered office
- Brusselsesteenweg 197, 9090 Merelbeke-Melle
- Names & denominations
- KANAELZICHT
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 12 March 2019
- Peppol
- Active · Active since 15 Jul 2025
- Activities · NACE
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