ACTIVE

Canalco

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Financial year 2025 · closed on 30/09/2025

Net result

1,4 M €

+281.4% YoY

Revenue

29,1 M €

+7.1% YoY

Equity

6,7 M €

+26.4% YoY

Workforce

98,7 ETP

-3.0% YoY

What does Canalco do?

Canalco is a Public limited company incorporated in 1969. Its main activity is: Construction of utility projects for fluids. Its registered office is in Grobbendonk. It employs on average 98,7 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0406.867.983

Incorporation

17/09/1969

Legal form

Public limited company

Registered office

'tVlot 1
2280 Grobbendonk · FlandreSee on map

Contributed capital

447 000,00 €

Latest accounts

30/09/2025

Average workforce

98,7 ETP

Activities (NACE)

42211Construction of utility projects for fluids· main 42211Construction of utility projects for fluids 42220Construction of utility projects for electricity and telecommunications 42220Construction of utility projects for electricity and telecommunications 45215Maintenance and repair of motor vehicles

Joint committees (3)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Revenue	29,1 M €	+7.1%	27,2 M €	+7.7%	25,2 M €	+11.5%	22,6 M €	-5.7%	24 M €	-35.0%	36,9 M €	+114%	17,2 M €	+11.5%	15,5 M €	-8.2%	16,8 M €	+15.4%	14,6 M €	+3.2%	14,1 M €	+28.0%	11,1 M €	-37.5%	17,7 M €	+113%	8,3 M €	+3.1%	8 M €	-29.4%	11,4 M €	+19.3%	9,5 M €	-4.4%	10 M €	+5.3%	9,5 M €
EBITDA	2,4 M €	+144%	985,8 k €	-70.6%	3,3 M €	+29.0%	2,6 M €	+14.4%	2,3 M €	-55.4%	5,1 M €	+741%	604,7 k €	-51.0%	1,2 M €	+150%	494,2 k €	-74.7%	2 M €	+324%	461,1 k €	+1689%	-29 k €	-101%	3,6 M €	+1341%	-287 k €	-8179%	-3,5 k €	-100%	1,5 M €	+348%	328,9 k €	-69.8%	1,1 M €	+48.3%	733,3 k €
Operating result	2,1 M €	+216%	678,9 k €	-78.2%	3,1 M €	+33.5%	2,3 M €	+20.8%	1,9 M €	-55.6%	4,3 M €	+2948%	142,6 k €	-82.0%	792,7 k €	+1873%	40,2 k €	-96.8%	1,3 M €	+1290%	-107,2 k €	+80.8%	-557,6 k €	-117%	3,3 M €	+560%	-720,7 k €	-20.6%	-597,3 k €	-168%	878,4 k €	+434%	-262,9 k €	-142%	623,2 k €	+75.2%	355,7 k €
Net result	1,4 M €	+281%	366,7 k €	-85.1%	2,5 M €	+8.1%	2,3 M €	+56.0%	1,5 M €	-53.6%	3,2 M €	+3656%	84 k €	-83.0%	493 k €	+2598%	18,3 k €	-98.2%	1 M €	+1057%	-108,2 k €	+80.2%	-546,6 k €	-121%	2,7 M €	+672%	-464,2 k €	+18.2%	-567,5 k €	-183%	680,6 k €	+405%	-223,4 k €	-153%	424,2 k €	+53.5%	276,3 k €
Balance sheet
Equity	6,7 M €	+26.4%	5,3 M €	+7.4%	4,9 M €	+100.0%	2,5 M €	-8.1%	2,7 M €	-60.7%	6,8 M €	+86.0%	3,7 M €	+2.3%	3,6 M €	+15.9%	3,1 M €	+0.6%	3,1 M €	+50.8%	2 M €	-5.0%	2,1 M €	-20.3%	2,7 M €	+321%	639,5 k €	-69.6%	2,1 M €	-21.2%	2,7 M €	+34.2%	2 M €	-10.1%	2,2 M €	+23.7%	1,8 M €
Total assets	16,9 M €	+15.4%	14,6 M €	+2.9%	14,2 M €	+13.1%	12,6 M €	-27.5%	17,3 M €	+26.0%	13,7 M €	+61.5%	8,5 M €	+15.4%	7,4 M €	+21.3%	6,1 M €	-1.7%	6,2 M €	-59.0%	15,1 M €	-9.8%	16,7 M €	+20.5%	13,9 M €	-16.8%	16,7 M €	+40.0%	11,9 M €	+8.7%	11 M €	-9.3%	12,1 M €	+23.0%	9,8 M €	+0.1%	9,8 M €
Cash	477,3 k €	-82.8%	2,8 M €	+29.6%	2,1 M €	-17.7%	2,6 M €	+355%	573,2 k €	-85.8%	4 M €	+150%	1,6 M €	+1208%	123 k €	-68.0%	384 k €	-69.5%	1,3 M €	+25.9%	1 M €	+33.3%	750,8 k €	-47.2%	1,4 M €	-30.4%	2 M €	+324%	481,6 k €	-41.8%	827 k €	+7.0%	773 k €	+99.3%	387,8 k €	-49.0%	761 k €
Debts	10,1 M €	+9.0%	9,3 M €	+1.1%	9,2 M €	-7.6%	10 M €	-31.7%	14,6 M €	+112%	6,9 M €	+51.2%	4,5 M €	+27.7%	3,6 M €	+29.7%	2,7 M €	-4.7%	2,9 M €	-77.7%	12,9 M €	-10.6%	14,4 M €	+30.3%	11,1 M €	-30.7%	16 M €	+63.7%	9,8 M €	+22.2%	8 M €	-18.5%	9,8 M €	+30.1%	7,5 M €	-5.7%	8 M €
Other
Workforce	98,7 ETP	-3.0%	101,8 ETP	+5.2%	96,8 ETP	+2.7%	94,3 ETP	-2.8%	97,0 ETP	-14.1%	112,9 ETP	+2.3%	110,4 ETP	+8.0%	102,2 ETP	-0.5%	102,7 ETP	-2.7%	105,6 ETP	-11.2%	118,9 ETP	-6.8%	127,6 ETP	+2.6%	124,4 ETP	-1.9%	126,8 ETP	+4.1%	121,8 ETP	+3.8%	117,3 ETP	+2.5%	114,4 ETP	+9.5%	104,5 ETP	+0.8%	103,7 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€

See the valuation

Governance

Board of directors

Seen on filing of 30/09/2025 · 6 active · 36 ended

Active mandates

Wim NOYENS

Director · since 04 décembre 2025 · until 28 mars 2031

Active

Benoit AERTS

Director · since 28 mars 2025 · until 28 mars 2030

Active

Bertrand JARDINET

Managing director · since 28 mars 2025 · until 28 mars 2030

Active

BoMan

Director · since 16 décembre 2019 · until 01 janvier 2025 · 0845.814.363

Represented by BAECK Ilse

Active

Elwin SCHROVEN

Director · since 16 décembre 2019 · until 04 décembre 2025

Active

Filip HAEVERANS

Director · since 16 décembre 2019 · until 04 décembre 2025

Active

Ended mandates

Benoit AERTS

Director · since 16 décembre 2019 · until 28 mars 2025

Ended

Bertrand JARDINET

Managing director · since 16 décembre 2019 · until 28 mars 2025

Ended

BoMan

Director · since 16 décembre 2019 · until 28 mars 2025 · 0845.814.363

Represented by Ilse Baeck

Ended

BoMan

Director · since 16 décembre 2019 · until 28 mars 2025 · 0845.814.363

Represented by BAECK ILSE

Ended

At this address

Other companies at this address

Company	CBE no.
Canalco – CMI Balteau● Liquidation	0755.829.938
Canalco-Drilling Solutions● Active	0785.937.352
CANALCO-NIJKAMP● Active	0652.974.504
Canalco - Verbraeken Infra● Active	0785.910.232
C.D.R.J.● Active	0865.641.559
DRILLING SOLUTIONS● Active	0635.534.397
DRILLMAT● Active	0635.534.694
Drillmat - Drilling Solutions● Active	0673.894.236
Hydroleaks● Active	0672.889.196
THV CANALCO HYDROGAZ● Active	0666.449.980
THV CANALCO-NIJKAMP● Liquidation	0654.797.015
Tijdelijke maatschap C.A.D● Active	1027.473.488
TM Canalco-Abba● Active	1026.429.650
TM CANALCO HOCOSTO● Active	1005.361.943

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/10/2024	01/10/2023	01/10/2022	01/10/2021	01/10/2020	01/01/2019
Closing of the financial year	30/09/2025	30/09/2024	30/09/2023	30/09/2022	30/09/2021	30/09/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	21 months
Filing date	01/04/2026	09/04/2025	10/04/2024	07/04/2023	19/04/2022	16/04/2021
General meeting	27/03/2026	28/03/2025	29/03/2024	31/03/2023	25/03/2022	26/03/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	30/09/2025	27/03/2026	01/04/2026	Dutch	PDF
Full model	30/09/2024	28/03/2025	09/04/2025	Dutch	PDF
Full model	30/09/2023	29/03/2024	10/04/2024	Dutch	PDF
Full model	30/09/2022	31/03/2023	07/04/2023	Dutch	PDF
Full model	30/09/2021	25/03/2022	19/04/2022	Dutch	PDF
Full model	30/09/2020	26/03/2021	16/04/2021	Dutch	PDF
Full model	31/12/2018	26/04/2019	10/05/2019	Dutch	PDF
Full model	31/12/2017	26/04/2018	18/05/2018	Dutch	PDF
Full model	31/12/2016	26/04/2017	24/05/2017	Dutch	PDF
Full model	31/12/2015	26/04/2016	20/05/2016	Dutch	PDF
Full model	31/12/2014	30/04/2015	29/05/2015	Dutch	PDF
Full model	31/12/2013	24/05/2014	19/06/2014	Dutch	PDF
Full model	31/12/2012	26/04/2013	23/05/2013	Dutch	PDF
Full model	31/12/2011	26/04/2012	25/07/2012	Dutch	PDF
Full model	31/12/2010	17/05/2011	10/06/2011	Dutch	PDF
Full model	31/12/2009	17/05/2010	25/06/2010	Dutch	PDF
Full model	31/12/2008	30/06/2009	29/07/2009	Dutch	PDF
Full model	31/12/2007	16/06/2008	11/07/2008	Dutch	PDF
Full model	31/12/2006	15/06/2007	06/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 30/09/2025 · 6 active · 36 ended

Active mandates

Wim NOYENS

Director · since 04 décembre 2025 · until 28 mars 2031

Active

Benoit AERTS

Director · since 28 mars 2025 · until 28 mars 2030

Active

Bertrand JARDINET

Managing director · since 28 mars 2025 · until 28 mars 2030

Active

BoMan

Director · since 16 décembre 2019 · until 01 janvier 2025 · 0845.814.363

Represented by BAECK Ilse

Active

Elwin SCHROVEN

Director · since 16 décembre 2019 · until 04 décembre 2025

Active

Filip HAEVERANS

Director · since 16 décembre 2019 · until 04 décembre 2025

Active

Ended mandates

Benoit AERTS

Director · since 16 décembre 2019 · until 28 mars 2025

Ended

Bertrand JARDINET

Managing director · since 16 décembre 2019 · until 28 mars 2025

Ended

BoMan

Director · since 16 décembre 2019 · until 28 mars 2025 · 0845.814.363

Represented by Ilse Baeck

Ended

BoMan

Director · since 16 décembre 2019 · until 28 mars 2025 · 0845.814.363

Represented by BAECK ILSE

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates29/01/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates02/01/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates02/05/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates12/12/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates12/07/2023
ONTSLAGEN - BENOEMINGEN
PDF
Other15/01/2020
DIVERSEN
PDF
Mandates31/12/2019
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DIVERSEN - ONTSLAGEN - BENOEMINGEN - BOEKJAAR
PDF
Mandates23/10/2019
ONTSLAGEN - BENOEMINGEN
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 20251,4 M €↑
2024
Annual accounts 2024366,7 k €↓
2023
Annual accounts 20232,5 M €↑
2022
Annual accounts 20222,3 M €↑
2021
Annual accounts 20211,5 M €↓
2020
Annual accounts 20203,2 M €↑
2018
Annual accounts 201884 k €↓
2017
Annual accounts 2017493 k €↑
2016
Annual accounts 201618,3 k €↓
2015
Annual accounts 20151 M €↑
2014
Annual accounts 2014-108,2 k €↑
2013
Annual accounts 2013-546,6 k €↓
2012
Annual accounts 20122,7 M €↑
2011
Annual accounts 2011-464,2 k €↑
2010
Annual accounts 2010-567,5 k €↓
2009
Annual accounts 2009680,6 k €↑
2008
Annual accounts 2008-223,4 k €↓
2007
Annual accounts 2007424,2 k €↑
2006
Annual accounts 2006276,3 k €
17/09/1969
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

Canalco

Overview

What does Canalco do?

Trend over 19 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline