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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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Busy address KBO
87 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
CANAL DEVELOPMENT from Gent, company number BE1006450521, closed financial year 2025 with a result of € -2,802 after tax. For that financial year CANAL DEVELOPMENT recorded a gross margin of € -1,609 and equity of € 41,737. Compared with financial year 2024, the result moved from € -5,461 to € -2,802. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 15, 2026.
€ 41,737
▼ 6% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -2,802
▲ 49 % less loss than in 2024
Profit after tax over the fiscal year.
€ 48,151
▼ 4% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -8,263.
Debts at end 2025
€ 7,622
▲ 17% vs 2024
Loans from banks and other lenders, long and short.
€ 67
Supplier invoices still open on the last day of the fiscal year.
| 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|
| Gross margin | € -4,802 | € -1,609 | ▲ € 3,193 |
| Profit after taxes | € -5,461 | € -2,802 | ▲ € 2,659 |
| Equity | € 44,539 | € 41,737 | ▼ 6% |
| Total debts | € 6,548 | € 7,729 | ▲ 18% |
| Cash | € 50,107 | € 48,151 | ▼ 4% |
| Retained profit | € -5,461 | € -8,263 | ▼ € 2,802 |
| Bank debt | € 6,505 | € 7,622 | ▲ 17% |
| Balance sheet total | € 51,087 | € 49,466 | ▼ 3% |
Key figures of CANAL DEVELOPMENT, fiscal years 2024 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 DEVELOPMENT?
What happened at CANAL DEVELOPMENT in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 2,802. Source: NBB ↗
- New establishment in Gent. KBO
- Start of the company according to the CBE. KBO
In short
From € 5,461 loss in 2024 to € 2,802 loss in 2025.
Management
The stake of The Good Life Development Fund II comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
CANAL DEVELOPMENTBehind CANAL DEVELOPMENT are Gldf II Partners NV and Ninja Club BV. The shares are held by The Good Life Development Fund II (100%).
Directors
According to the 2025 annual accounts
Director · represented by Nicolas Bearelle
Also active at: Good Life Canal, Waterfront Schelle, RUISBROEK KERN LAND, The Good Life Development Fund II, POZNAN DEVELOPMENT HOLDING, Waterfront Schelle Development, Good Life Interescaut, Good Life Brussels +3 more
Director · represented by Alexandre Huyghe
Also active at: Good Life Canal, RUISBROEK KERN LAND, The Good Life Fund, GDANSK DEVELOPMENT HOLDING, ATELIER 9050, POZNAN DEVELOPMENT HOLDING, Good Life Interescaut, Good Life Brussels +9 more
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Nieuwewandeling 62
9000 Gent
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 87 companies are registered at this address.
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What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 1006.450.521
- VAT number
- BE 1006.450.521
- Registered office
- Nieuwewandeling 62, 9000 Gent
- Names & denominations
- CANAL DEVELOPMENT
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 26 February 2024
- Peppol
- Active · Active since 28 May 2025
- Activities · NACE
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