ACTIVE

KANAL

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Financial year 2025 · closed on 31/12/2025
Net result
3,5 M €
+52.4% YoY
Revenue
55,9 k €
-74.2% YoY
Equity
170,2 M €
+8.7% YoY
Workforce
81,9 ETP
+16.8% YoY

What does KANAL do?

KANAL is a Public utility foundation incorporated in 2017. Its main activity is: Museums activities. Its registered office is in Bruxelles. It employs on average 81,9 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0682.473.786
Incorporation
03/10/2017
Legal form
Public utility foundation
Registered office
Square Sainctelette 11-12
1000 Bruxelles · BruxellesSee on map
Latest accounts
31/12/2025
Average workforce
81,9 ETP
Activities (NACE)
91020Museums activities· main91210Libraries, archives, museums and other cultural activities46170Agents involved in the sale of food, beverages and tobacco46170Agents involved in the sale of food, beverages and tobacco46389Wholesale of other food, including fish, crustaceans and molluscs46389Wholesale of other food, including fish, crustaceans and molluscs+8
Joint committees (1)
  • 32903
Signals
ProfitableSolid equityLow riskPositive cashflowPositive EBITDAHealthy social debts
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 8 financial years

20252024202320222021202020192018
Income statement
Revenue55,9 k €216,8 k €161,5 k €–––––
EBITDA3,6 M €971,3 k €436,1 k €1,4 M €150,3 k €839,2 k €955,2 k €3 M €
Operating result3,3 M €760,1 k €204 k €1,2 M €-63,2 k €662,6 k €842 k €2,9 M €
Net result3,5 M €2,3 M €1,4 M €1 M €-165,2 k €656,1 k €838,6 k €-762,4 k €
Balance sheet
Equity170,2 M €156,6 M €146,3 M €122,6 M €72 M €757,3 k €101,3 k €-737,4 k €
Total assets192,1 M €175,1 M €148,4 M €126,9 M €75,8 M €46,2 M €15,3 M €3,6 M €
Cash3,3 M €3,4 M €2,9 M €58,6 M €50,5 M €35,9 M €9 M €335,8 k €
Debts20,7 M €13,9 M €1,7 M €4,3 M €3,9 M €4 M €987,6 k €3 M €
Other
Workforce81,9 ETP70,1 ETP50,5 ETP33,0 ETP27,0 ETP25,0 ETP16,7 ETP11,3 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 31/12/2025 · 10 active · 6 ended

Active mandates

Yaron PESZTAT

Vice-chairman of the board of directors · since 08 juin 2020

Active
Paul DUJARDIN

Director · since 22 février 2018

Active
Alain Michel BERENBOOM

Director · since 29 septembre 2017

Active
Denis Robert André LAOUREUX

Director · since 29 septembre 2017

Active
Hervé Lucien Marie Alain CHARLES

Director · since 29 septembre 2017

Active
Isabel Chris Raymond RAEMDONCK

Director · since 29 septembre 2017

Active
Laurent Raoul Georges Gh BUSINE

Director · since 29 septembre 2017

Active
Michèle Danielle Andrée SIOEN

Chairman of the board of directors · since 29 septembre 2017

Active
Willem Gustaaf ELIAS

Director · since 29 septembre 2017

Active
Yves GOLDSTEIN

Director · since 29 septembre 2017

Active

Ended mandates

Hadja LHABIB

Director · since 20 septembre 2021

Ended
Diane HENNEBERT

Director · since 29 septembre 2017

Ended
Michèle Danielle Andrée SIOEN

Director · since 29 septembre 2017

Ended
Stéphanie Christiane PECOURT

Director · since 29 septembre 2017 · until 20 septembre 2021

Ended
At this address

Other companies at this address

CompanyCBE no.
AGENCE KANAL DEVELOPMENT● Active
1021.790.575
AGENCE KANAL EXPERIENCE● Active
1016.885.246
AGENCE KANAL F&B● Active
1014.559.919
AGENCE KANAL HOSPITALITY● Active
1016.905.933
Centre d'Archives des Pratiques Artistiques Contemporaines Wallonie-Bruxelles● Active
1034.428.289
COMITE INTER-INSTITUTIONS POUR LA MISE EN VALEUR ET LA CELEBRATION DES ACQUIS DU TRAITE DE ROME INSTITUANT LES COMMUNAUTES EUROPEENNES● Active
0465.874.469
Kanal Building SPV● Active
1038.865.644
SYNDICAT NEUTRE POUR INDEPENDANTS TITULAIRES DE PROFESSIONS LIBERALES ET INTELLECTUELLES● Active
0432.348.103
VRANKEN POMMERY BENELUX● Active
0436.762.789
Annual accounts

Full financial information

202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date20/05/202619/07/202507/06/202420/07/202324/11/202230/07/2021
General meeting04/05/202630/06/202529/03/202427/06/202305/09/202226/05/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

9 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202504/05/202620/05/2026FrenchPDF
Full model31/12/202430/06/202519/07/2025FrenchPDF
Full modelCorrection31/12/202329/03/202407/06/2024FrenchPDF
Full model31/12/202329/03/202409/04/2024FrenchPDF
Full model31/12/202227/06/202320/07/2023FrenchPDF
Abridged model31/12/202105/09/202224/11/2022FrenchPDF
Abridged model31/12/202026/05/202130/07/2021FrenchPDF
Abridged model31/12/201916/06/202031/10/2020FrenchPDF
Abridged model31/12/201817/06/201922/07/2019FrenchPDF
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 31/12/2025 · 10 active · 6 ended

Active mandates

Yaron PESZTAT

Vice-chairman of the board of directors · since 08 juin 2020

Active
Paul DUJARDIN

Director · since 22 février 2018

Active
Alain Michel BERENBOOM

Director · since 29 septembre 2017

Active
Denis Robert André LAOUREUX

Director · since 29 septembre 2017

Active
Hervé Lucien Marie Alain CHARLES

Director · since 29 septembre 2017

Active
Isabel Chris Raymond RAEMDONCK

Director · since 29 septembre 2017

Active
Laurent Raoul Georges Gh BUSINE

Director · since 29 septembre 2017

Active
Michèle Danielle Andrée SIOEN

Chairman of the board of directors · since 29 septembre 2017

Active
Willem Gustaaf ELIAS

Director · since 29 septembre 2017

Active
Yves GOLDSTEIN

Director · since 29 septembre 2017

Active

Ended mandates

Hadja LHABIB

Director · since 20 septembre 2021

Ended
Diane HENNEBERT

Director · since 29 septembre 2017

Ended
Michèle Danielle Andrée SIOEN

Director · since 29 septembre 2017

Ended
Stéphanie Christiane PECOURT

Director · since 29 septembre 2017 · until 20 septembre 2021

Ended
Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days
Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates05/01/2026
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates27/10/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Other23/12/2024
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …)
    PDF
  • Other12/08/2024
    OBJET - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - DIVERS
    PDF
  • Other15/05/2023
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - DIVERS
    PDF
  • Mandates22/02/2023
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates10/10/2022
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office23/12/2021
    SIEGE SOCIAL
    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

Timeline

  1. 2025
    Annual accounts 20253,5 M €↑
  2. 2024
    Annual accounts 20242,3 M €↑
  3. 2023
    Annual accounts 20231,4 M €↑
  4. 2022
    Annual accounts 20221 M €↑
  5. 05/09/2022
    nominationYves Goldstein — administrateur
  6. 20/06/2022
    nominationCéline Arnaud — commissaire
  7. 2021
    Annual accounts 2021-165,2 k €↓
  8. 08/11/2021
    nominationHadja LAHBIB — membre du Conseil d'Administration
  9. 2020
    Annual accounts 2020656,1 k €↓
  10. 14/09/2020
    nominationYaron PESZTAT — administrateur
  11. 2019
    Annual accounts 2019838,6 k €↑
  12. 2018
    Annual accounts 2018-762,4 k €
  13. 22/02/2018
    nominationDUJARDIN Paul — administrateur
  14. 03/10/2017
    IncorporationPublic utility foundation