Equity
€50,493 from €511,018 in 2014
Equity fell by 90% in 11 years.
40KNOTS
Lifetime
13 annual accounts with figures on one time axispeak €237,502 (2014)
€43,663▲ 42.6%
lowest -€837,268 (2015)
€20,967▲ 69.1%
peak €511,018 (2014)
€50,493▲ 71.0%
€756,098▼ 4.5%
peak 0 FTE (2023)
-not published
Board1 name since 2012
1 directorVERBAUWHEDE Bart Jules Marie
Documentsfilings and deeds
07-05-202685 days before the deadline
2025abbreviated format
Gross margin from €30,608 to €43,663Result from €12,401 to €20,967Equity from €29,526 to €50,493Investments €9,715Cash from €56,630 to €25,883
Key points
from the 2025 annual accountsTurnover
≈ €110,000 estimated
The accounts state no turnover.
Debts
€756,098 94% of the balance sheet
Financial debts 64%Suppliers 1%Taxes and wages 1%Other 34%
Of this, €253,443 falls due within a year.
Investments
€9,715 2.1 × depreciation
Green is investment, beige is depreciation. Machinery stands 29.0% higher than in 2024.
Filings
13 annual accounts since 2013
Three of the last ten came late. The 2019 accounts came latest: 59 days after the end of the period.
Position in the sector
6.3%
Lower solvency than 87% of companies in head offices and management consultancy. Sector median 52.4% · 10,856 companies.
Checked score
92
Excellent
Financially stronger than 35% of micro companies in head offices and management consultancy (NACE 70)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 48,570 companies (NACE 70, micro).
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.2%▲ +0.1 percentage points vs 06-2025highest value
08-2025: 0.1%▼ -0.1 percentage points vs 07-2025lowest value
09-2025: 0.1%● unchanged vs 08-2025lowest value
10-2025: 0.1%● unchanged vs 09-2025lowest value
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: 0.1%● unchanged vs 07-2026
09-2026: 0.1%● unchanged vs 08-2026
10-2026: 0.1%● unchanged vs 09-2026
11-2026: 0.1%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Equity €50,493 (6.3% of total assets)
lowers risk
Size: total assets €806,591
Sector: Activities of head offices; management consultancy activities (NACE 70)
Figures for financial year 2025 (filed on 07-05-2026)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 70, micro). It does better than 14% of them on solvency, 20% on liquidity, 20% on profitability and 85% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 1,448 companies had the same profile as 40KNOTS has now. Each dot stands for 4 companies, two years later.
95.6%
were still trading
2.1%
stopped another way
2.0%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of 40KNOTS itself is lower: 0.1% within 12 months. It rests on far more data about 40KNOTS than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,448 companies, not a prediction for 40KNOTS. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €4,500 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.01 (1.94 in 2024), above the usual 1.5. Short-term debt is 31.4% and cash 3.2% of total assets. However, 93.7% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 13% of 10856 sector peers (2025).
NBB · sector comparisonPosition among 10856 sector peers
Solvency
better than 13%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 07-05-2026, 85 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
85 days early
2024
16 days early
2023
30 days early
2022
11 days early
2021
4 days early
2020
30 days late
2019
59 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 8 days before the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 15 July (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0845466351
Capital contribution of €155,000
Contribution: VERBAUWHEDE Bart Jules Marie · 1,550 new shares · Appointment: VERBAUWHEDE Bart Jules Marie (director) · General meeting of 17-10-2022 · Gazette deed
Registered office moved from Knokke to Marke
New registered office: Rodenburgstraat 27 8510 Marke (Kortrijk) · Previous registered office: WITTEDUIVENHOF 45 8300 KNOKKE · General meeting of 01-06-2018 · Gazette deed
Incorporation
published on 14-05-2012 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| 40KNOTS Kortrijk | €806,591 | €43,663 | 6.3% | - |
| La Compagnie de la Haute Bise Ostend | €873,084 | €42,636 | 58.1% | - |
| OPHIRA Alveringem | €779,019 | €44,989 | 13.5% | - |
| STACEGHEM Harelbeke | €722,722 | €46,172 | 36.7% | 0 |
| BERO Gistel | €708,392 | €46,710 | 49.6% | - |
| M-Consulting Services Ostend | €679,204 | €48,114 | 58.7% | - |
| JBMJ Knokke-Heist | €656,781 | €40,835 | 89.4% | 0 |
These companies have the same main activity as 40KNOTS: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €657,000 and €873,000, founded between 2010 and 2013.
Official details
Source: KBO- Status
- Active since 24-04-2012Normal situation
- Activity
- Business and other management consultancyNACE 70200
- Establishment unit
- 2.209.260.6178510 Kortrijk, since 23-04-2012
- Financial year end
- 31 December
- Peppol
- Reachable since 24-11-2023
Annual accounts 2025
- €806,591▼ 1.8%
- Filing
- Filed on 07-05-2026, 85 days before the end of the filing period
Insights on 40KNOTS
40KNOTS files the abbreviated format. That format states no turnover. The gross margin fell from €53,722 in 2013 to €43,663 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about 40KNOTS
- What is the company number of 40KNOTS?
- The company number of 40KNOTS is 0845.466.351. The VAT number is the same number with BE in front: BE 0845.466.351.
- Where is 40KNOTS based?
- The registered office is at Rodenburgstraat 27, 8510 Kortrijk.Company details
- What does 40KNOTS do?
- According to the KBO register, the main activity is business and other management consultancy (NACE 70200).
- What is the legal form of 40KNOTS?
- 40KNOTS is a private limited company (BV).
- When was 40KNOTS founded?
- 40KNOTS was founded on 24-04-2012.
- Is 40KNOTS still active?
- Yes, 40KNOTS is an active enterprise in the KBO register.
- What is the turnover of 40KNOTS?
- The turnover in financial year 2025 is ≈ €110,000. This figure is estimated from the gross margin of €43,663 and 69 comparable companies (NACE 70200). It probably lies between €70,000 and €170,000.Financials
- Is 40KNOTS profitable?
- In financial year 2025, 40KNOTS made a profit of €20,967.
- Where can I find the annual accounts of 40KNOTS?
- 40KNOTS filed 13 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of 40KNOTS due?
- 40KNOTS must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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