Kanaal Management
ActiveSummary
Kanaal Management has been active since 2015 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags). The 2024 annual accounts show equity of €101k and a net result of €61k. Equity is growing by ~6.1% per year across the filed fiscal years. Its solvency ranks better than 15% of 37956 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2024
54
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability77▼-2
Solvency36▲+6
Growth52▼-6
Track record92
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity short (current ratio 0.55 against 0.32 in 2023; short-term debt: 80% and cash: 0.2% of total assets), and 89.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 37956 sector peers (2024).
NBB · sector comparisonPosition among 37956 sector peers
Solvency
better than 15%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-07-2025, 0 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
not confirmed
2024
on the day
2023
32 d early
2022
5 d early
2021
9 d early
2020
26 d late
2019
10 d late
← before the deadline
after the deadline →
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Address struck
Financials · fiscal year 2024, micro schema
Equity
€101k▲ 153%
2023 · €40k
2018: €56k
2019: €66k
2020: €87k
2021: €91k
2022: €-23k
2023: €40k
2018 → 2024
Total assets
€957k▲ 27.3%
2023 · €752k
2018: €167k
2019: €296k
2020: €577k
2021: €770k
2022: €791k
2023: €752k
2018 → 2024
Net result
€61k▼ 3.1%
2023 · €63k
2018: €61k
2019: €10k
2020: €20k
2021: €6k
2022: €-114k
2023: €63k
2018 → 2024
Working capital
€-342k▲ 18.2%
2023 · €-418k
2018: €53k
2019: €-128k
2020: €-173k
2021: €-396k
2022: €-502k
2023: €-418k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€87k-€91k▲ 4.6%€-23k€40k€101k▲ 153%
Operating result€27k-€10k▼ 63.4%€-107k€65k€84k▲ 27.8%
Net result€20k-€6k▼ 72.2%€-114k€63k€61k▼ 3.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 28% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €957k
Fixed assets
€534k ▼ 3.2%
Current assets
€423k ▲ 111%
Equity and liabilities €957k
Equity
€101k ▲ 153%
Debt
€856k ▲ 20.3%
Debt's share of the balance-sheet total falls from 94.7% to 89.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€85k▲
2023 · €74k
Cash flow
€63k▼
2023 · €72k
Current ratio
0.55▲
2023 · 0.32
Debt to equity
8.47▼
2023 · 17.80
ROE
60.4%▼
2023 · 157.8%
ROA
6.4%▼
2023 · 8.4%
Interest coverage
653.48▲
2023 · 158.47
Debt ≤ 1 year
€765k▲
2023 · €619k
Debt > 1 year
€91k▼
2023 · €91k
Income taxes
€23k▲
2023 · €2k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 46 lines
Balance sheet
Code20232024
Assets
Total assets20/58€752k€957k▲
Fixed assets21/28€551k€534k▼
Intangible fixed assets21€240€115▼
Tangible fixed assets22/27€1k€3k▲
Furniture and vehicles24€1k€3k▲
Financial fixed assets28€550k€531k▼
Current assets29/58€200k€423k▲
Amounts receivable within one year40/41€198k€389k▲
Trade receivables40€76k€144k▲
Other amounts receivable41€123k€245k▲
Current investments50/53-€32k
Cash at bank and in hand54/58€2k€2k▲
Equity and liabilities
Total equity and liabilities10/49€752k€957k▲
Equity10/15€40k€101k▲
Contributions10/11€50k€50k=
Outside capital11€50k€50k=
Other1109/19€50k€50k=
Profit (loss) carried forward14€-10k€51k▲
Amounts payable17/49€712k€856k▲
Amounts payable after more than one year17€91k€91k▼
Financial debts170/4€91k€91k▼
Amounts payable within one year42/48€619k€765k▲
Financial debts43€425-
Credit institutions430/8€425-
Trade debts44€384€4k▲
Suppliers440/4€384€4k▲
Taxes, remuneration and social security45€18k€61k▲
Taxes450/3€18k€59k▲
Remuneration and social security454/9-€2k
Other amounts payable47/48€600k€700k▲
Accrued charges and deferred income492/3€2k-
Income statement
Code20232024
Remuneration, social security and pensions62€8k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€1k▼
Other operating charges640/8€98-
Gross operating margin9900€82k€85k▲
Operating profit (loss)9901€65k€84k▲
Financial income75/76B€9€656▲
Recurring financial income75€9€656▲
Financial charges65/66B€467€130▼
Recurring financial charges65€467€130▼
Profit (loss) for the period before taxes9903€65k€84k▲
Income taxes67/77€2k€23k▲
Profit (loss) for the period9904€63k€61k▼
Profit (loss) for the period to be appropriated9905€63k€61k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-10k€51k▲
Profit (loss) brought forward from the previous period14P€-73k€-10k▲
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
23-05
KBO administration
Address struck
Avenue Louise 18 1050 Het adres van de zetel Louizalaan 18 1050 Die Sitzadresse Avenue Louise / Louizalaan
Ixelles · event 11-05-2025
2024
31-12
Financial
Equity above €100kEq €101k ▲153%
2 profitable years in a row build equity to €101k.
29-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €63k
Net result €63k after one loss-making year.
26-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €-114k ▼2125%
Net result drops to €-114k, the lowest in the series; recovery starts the following year.
22-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 26 days late
2020
10-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 10 days late
2019
11-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 28 days late
2017
25-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 25 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Sint-Gillis (bij-Brussel) · 1 establishment unit since 2015
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Taminesstraat 181060 Sint-Gillis (bij-Brussel)Ground area
512 m²
Building footprint
165 m²
Volume, LiDAR
1,741 m³
Parcel 21013B0322/00C006, Brussels · tallest building 17.8 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Kanaal Management
since 20152.257.691.826
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21013B0322/00C006 | Brussels | 512 m² | 1 · 164 m² | 17.8 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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BENIN INTERNATIONAL
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Of 82,562 companies in sector 70200 we hold annual accounts for 52,574. 40,598 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded20-11-2015
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
73110Advertising agencies
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.