COUSY
ActiveSummary
COUSY has been active since 1970 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €618,646 and a net result of €14,939. Equity has been growing by about 2.7% per year since 2018. Its solvency ranks better than 48% of 199 sector peers (NACE 13, financial year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 28-12-1970 Normal situation
- Activity
- Manufacture of textiles NACE 13910and 2 others
- Joint committees
- 214 Paritair Comité voor de bedienden van de textielnijverheid
- 120 Paritair Comité voor de textielnijverheid · annual accounts 2025
- Establishment unit
- 2.005.501.823 9620 Zottegem, since 01-12-1970
- Financial year end
- 31 December
- Peppol
- Reachable since 30-01-2025
Board and ownership
Board
- KNITOFFICEDirector · since 02-09-2021 · permanent representative Cousy Trees
- COUSY LUDWIGDirector
Shareholders
- KNITOFFICE50%· score 972025 annual accounts of KNITOFFICE
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.4%
Annual accounts 2025
- Gross margin
- €1.5m
- ▲ 4.4%
- Turnover
- ≈ €2.6m
- estimated
- Profit
- €14,939
- ▲ 966%
- Equity
- €618,646
- ▲ 2.5%
- Total assets
- €1.4m
- ▼ 3.4%
- Employees on 31-12-2025
- 36
- ▲ 2.9%
Score breakdownraises riskLiquidity: current ratio 1.66, cash €7,224Size: 32.9 FTE, total assets €1.4mlowers riskSector: Manufacture of textiles (NACE 13)Equity €618,646 (43.9% of total assets)Show the evidence
Checked score
Score 2025
82
/ 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 38% of small companies in textiles (NACE 13)
Financial strength · tick: 2024
Average
Solvency
69+3
equity 43.9% of total assets
Liquidity
24+1
short-term debt 53.2% · cash 0.5%
Profitability
40+5
return on assets 1.1%
Bankruptcy probability within 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.4%lowest value
01-2025: 0.4%● unchanged vs 12-2024lowest value
02-2025: 0.4%● unchanged vs 01-2025lowest value
03-2025: 0.4%● unchanged vs 02-2025lowest value
04-2025: 0.4%● unchanged vs 03-2025
05-2025: 0.4%● unchanged vs 04-2025
06-2025: 0.4%● unchanged vs 05-2025
07-2025: 0.5%▲ +0.1 percentage points vs 06-2025highest value
08-2025: 0.4%▼ -0.1 percentage points vs 07-2025
09-2025: 0.4%● unchanged vs 08-2025
10-2025: 0.4%● unchanged vs 09-2025
11-2025: 0.4%● unchanged vs 10-2025
12-2025: 0.4%● unchanged vs 11-2025
01-2026: 0.4%● unchanged vs 12-2025
02-2026: 0.4%● unchanged vs 01-2026
03-2026: 0.4%● unchanged vs 02-2026
04-2026: 0.5%▲ +0.1 percentage points vs 03-2026
05-2026: 0.5%● unchanged vs 04-2026
06-2026: 0.5%● unchanged vs 05-2026
07-2026: 0.4%▼ -0.1 percentage points vs 06-2026
08-2026: 0.4%● unchanged vs 07-2026
09-2026: 0.4%● unchanged vs 08-2026
10-2026: 0.4%● unchanged vs 09-2026
11-2026: 0.4%● unchanged vs 10-2026
Credit of up to €50,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.66 (1.62 in 2024), above the usual 1.5. Short-term debt is 53.2% and cash 0.5% of total assets. However, 56.1% of the assets are financed with debt and provisions.
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 13, small). It does better than 50% of them on solvency, 18% on liquidity, 28% on profitability and 56% on growth.
The bankruptcy probability was computed on 03-11-2026 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.
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).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 26-06-2026, 35 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
35 days early
2024
31 days early
2023
22 days early
2022
21 days early
2021
29 days late
2020
30 days late
2019
26 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 3 days before the deadline. In the sector (NACE 13), the median for financial year 2024 was 13 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 10 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
04-11-2026 today31-12-2026 year end31-07-2027 deadline
Financials
Financials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 26-06-2026 at the NBB all 49 filings
Turnover
≈ €2.6m
Estimated: probably between €1.7m and €4.2m
Total assets
€1.4m▼ 3.4%
2024 · €1.5m
Net result
€14,939▲ 966%
2024 · €1,402
Working capital
€493,245▼ 0.2%
2024 · €494,408
In the rankings
#2 oldest company in Zottegem, Manufacturing sector#4 employer in Zottegem, Manufacturing sector
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€76,183
▲ 5.0%
2025
20182025
Net result
€14,939
▲ 966%
2025
middle half of the sector
20182025
Equity
€618,646
▲ 2.5%
2025
middle half of the sector
20182025
Total assets
€1.4m
▼ 3.4%
2025
middle half of the sector
20182025
Debt
€791,934
▼ 7.5%
2025
20182025
Working capital
€493,245
▼ 0.2%
2025
middle half of the sector
20182025
Solvency
43.9%
▲ 2.5pp
2025
middle half of the sector
20182025
Current ratio
1.66
▲ 0.03
2025
middle half of the sector
20182025
Return on assets (ROA)
1.1%
▲ 1.0pp
2025
middle half of the sector
20182025
Staff (FTE)
32.9
▼ 2.1%
2025
highest quarter of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€0.2m-€0.3m▲ 65.3%€0.1m▼ 57.0%€0.2m▲ 39.9%€0.1m▼ 44.5%€0.1m▲ 9.9%€0.07m▼ 36.6%€0.08m▲ 5.0%
Net result€0.1m-€0.2m▲ 49.7%€0.06mwithin the sector's middle half▼ 69.4%€0.1mwithin the sector's middle half▲ 90.5%€0.04mwithin the sector's middle half▼ 64.2%€0.02mwithin the sector's middle half▼ 61.0%€0.001mwithin the sector's middle half▼ 90.9%€0.01mwithin the sector's middle half▲ 966%
Equity€0.4m-€0.6m▲ 29.7%€0.5mwithin the sector's middle half▼ 4.8%€0.6mwithin the sector's middle half▲ 3.3%€0.6mwithin the sector's middle half▲ 5.2%€0.6mwithin the sector's middle half▲ 2.6%€0.6mwithin the sector's middle half▲ 0.2%€0.6mwithin the sector's middle half▲ 2.5%
Total assets€1.3m-€1.8m▲ 36.5%€1.7mwithin the sector's middle half▼ 5.1%€1.6mwithin the sector's middle half▼ 5.9%€2.4mwithin the sector's middle half▲ 49.3%€1.8mwithin the sector's middle half▼ 27.7%€1.5mwithin the sector's middle half▼ 17.0%€1.4mwithin the sector's middle half▼ 3.4%
Debt€0.9m-€1.3m▲ 39.7%€1.2m▼ 5.3%€1.1m▼ 10.1%€1.8m▲ 72.2%€1.2m▼ 37.3%€0.9m▼ 26.0%€0.8m▼ 7.5%
Working capital€0.3m-€0.4m▲ 18.6%€0.5mwithin the sector's middle half▲ 22.9%€0.4mwithin the sector's middle half▼ 17.5%€0.5mwithin the sector's middle half▲ 10.8%€0.5mwithin the sector's middle half▲ 6.0%€0.5mwithin the sector's middle half▲ 2.9%€0.5mwithin the sector's middle half▼ 0.2%
Solvency32.6%-31.0%▼ 1.6pp31.2%within the sector's middle half▲ 0.1pp34.2%within the sector's middle half▲ 3.1pp24.1%below the sector's middle half▼ 10.1pp34.2%within the sector's middle half▲ 10.1pp41.4%within the sector's middle half▲ 7.1pp43.9%within the sector's middle half▲ 2.5pp
Current ratio1.41-1.34▼ 0.081.46within the sector's middle half▲ 0.121.48within the sector's middle half▲ 0.021.28within the sector's middle half▼ 0.201.47within the sector's middle half▲ 0.191.62within the sector's middle half▲ 0.151.66within the sector's middle half▲ 0.03
Return on assets (ROA)9.5%-10.4%▲ 0.9pp3.3%within the sector's middle half▼ 7.0pp6.8%within the sector's middle half▲ 3.4pp1.6%within the sector's middle half▼ 5.2pp0.9%within the sector's middle half▼ 0.7pp0.1%within the sector's middle half▼ 0.8pp1.1%within the sector's middle half▲ 1.0pp
Staff (FTE)31.1-32.2▲ 3.5%34.9above the sector's middle half▲ 8.4%36.5above the sector's middle half▲ 4.6%40.2above the sector's middle half▲ 10.1%38.9above the sector's middle half▼ 3.2%33.6above the sector's middle half▼ 13.6%32.9above the sector's middle half▼ 2.1%
above
within
below
The sector band is the middle half of the companies in Manufacture of textiles (NACE 13). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 5% higher than in 2024. It is a recovery after the fall in 2024.
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.4m
Fixed assets
€166,281 ▼ 4.1%
Current assets
€1.2m ▼ 3.3%
Equity and liabilities €1.4m
Equity
€618,646 ▲ 2.5%
Debt
€791,934 ▼ 7.5%
Debt's share of the balance-sheet total falls from 58.6% to 56.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€137,473▲
2024 · €132,184
Cash flow
€76,229▲
2024 · €61,029
Quick ratio
0.66▼
2024 · 0.86
Debt to equity
1.28▼
2024 · 1.42
ROE
2.4%▲
2024 · 0.2%
Interest coverage
2.43▲
2024 · 1.99
Debt ≤ 1 year
€751,054▼
2024 · €792,026
Debt > 1 year
€40,880▼
2024 · €64,109
Income taxes
€9,559▲
2024 · €5,401
Staff costs
€1.3m▲
2024 · €1.3m
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 41 | 43 | 39 | 35 | 36 |
| full-time | 33 | 31 | 26 | 22 | 24 |
| part-time | 8 | 12 | 13 | 13 | 12 |
| in full-time equivalents | 39.2 | 40.3 | 36.2 | 31.9 | 33.1 |
| Average over the year, in full-time equivalents | 36.5 | 40.2 | 38.9 | 33.6 | 32.9 |
| On a permanent contract | 36 | 37 | 34 | 35 | 36 |
| Joined | 19 | 12 | 3 | 3 | 2 |
| Left | 14 | 10 | 7 | 7 | 1 |
| Training hours | - | - | - | 12 | - |
Source: social balance sheet in the 2021 to 2025 annual accounts
Securities and guarantees
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Debts secured on the company's own assets | €283,892 | €290,644 | €212,468 | €133,341 | €102,583 |
| Pledge on the business | €501,676 | €501,676 | €501,676 | €501,676 | €501,676 |
| Pledge on other assets, amount secured | €270,934 | €290,644 | - | - | - |
| Carrying value of the other pledged assets | €224,084 | €278,828 | - | - | - |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €287,743 | €185,835 | €21,831 | €3,359 | €54,162 |
| Financial fixed assets | - | - | - | €3 | - |
| Depreciation and write-downs of the year | €73,518 | €83,114 | €101,016 | €59,627 | €61,290 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2022 to 2025 · 7 entries · €203,877 awarded · €7,451 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 2 | €196,474 | €0 |
| 2024 | 1 | €348 | €348 |
| 2023 | 2 | €4,500 | €5,058 |
| 2022 | 2 | €2,555 | €2,045 |
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €1.2m | €1.4m | €1.6m | €1.3m | €1.3m | ▲ 4.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.09m | €0.1m | €0.08m | €0.07m | €0.08m | €0.1m | €0.06m | €0.06m | ▲ 2.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | -€0.04m | - | - | €0.006m | - |
| Other operating charges640/8 | - | - | - | €0.002m | €0.04m | €0.01m | €0.002m | €0.003m | ▲ 46.3% |
| Non-recurring operating charges66A | - | - | - | - | €142 | €0.009m | €0.004m | €185 | ▼ 95.5% |
| Gross operating margin9900 | €1.3m | €1.3m | €1.2m | €1.4m | €1.6m | €1.8m | €1.4m | €1.5m | ▲ 4.4% |
| Operating profit (loss)9901 | €0.2m | €0.3m | €0.1m | €0.2m | €0.1m | €0.1m | €0.07m | €0.08m | ▲ 5.0% |
| Financial income75/76B | - | - | - | €0.004m | €0.004m | €0.001m | €0.001m | €0.005m | ▲ 838% |
| Recurring financial income75 | €0.006m | €0.004m | €0.005m | €0.004m | €0.004m | €0.001m | €0.001m | €0.005m | ▲ 838% |
| Financial charges65/66B | - | - | - | €0.05m | €0.06m | €0.09m | €0.07m | €0.06m | ▼ 14.7% |
| Recurring financial charges65 | €0.07m | €0.06m | €0.06m | €0.05m | €0.06m | €0.09m | €0.07m | €0.06m | ▼ 14.7% |
| Profit (loss) for the period before taxes9903 | €0.1m | €0.3m | €0.08m | €0.1m | €0.05m | €0.03m | €0.007m | €0.02m | ▲ 260% |
| Income taxes67/77 | - | €0.07m | €0.02m | €0.03m | €0.01m | €0.01m | €0.005m | €0.01m | ▲ 77.0% |
| Profit (loss) for the period9904 | €0.1m | €0.2m | €0.06m | €0.1m | €0.04m | €0.02m | €0.001m | €0.01m | ▲ 966% |
| Profit (loss) for the period to be appropriated9905 | €0.1m | €0.2m | €0.06m | €0.1m | €0.04m | €0.02m | €0.001m | €0.01m | ▲ 966% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €1.3m | €1.8m | €1.7m | €1.6m | €2.4m | €1.8m | €1.5m | €1.4m | ▼ 3.4% |
| Fixed assets21/28 | €0.2m | €0.2m | €0.2m | €0.4m | €0.4m | €0.3m | €0.2m | €0.2m | ▼ 4.1% |
| Tangible fixed assets22/27 | €0.2m | €0.2m | €0.1m | €0.4m | €0.3m | €0.2m | €0.2m | €0.1m | ▼ 4.7% |
| Plant, machinery and equipment23 | - | - | - | €0.2m | €0.2m | €0.1m | €0.06m | €0.08m | ▲ 31.3% |
| Furniture and vehicles24 | - | - | - | €0.01m | €0.02m | €0.01m | €0.006m | €0.001m | ▼ 75.1% |
| Other tangible fixed assets26 | - | - | - | €0.09m | €0.1m | €0.1m | €0.09m | €0.06m | ▼ 25.6% |
| Financial fixed assets28 | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Current assets29/58 | €1.2m | €1.6m | €1.6m | €1.3m | €2.1m | €1.5m | €1.3m | €1.2m | ▼ 3.3% |
| Amounts receivable after more than one year29 | - | - | - | €0.02m | €0.01m | €0.005m | - | - | - |
| Trade receivables290 | - | - | - | - | €0.01m | €0.005m | - | - | - |
| Other amounts receivable291 | - | - | - | €0.02m | - | - | - | - | - |
| Stocks and contracts in progress3 | €0.7m | €0.8m | €0.6m | €0.5m | €0.7m | €0.5m | €0.6m | €0.7m | ▲ 22.6% |
| Stocks30/36 | - | - | - | €0.5m | €0.7m | €0.5m | €0.6m | €0.7m | ▲ 22.6% |
| Amounts receivable within one year40/41 | €0.5m | €0.8m | €0.5m | €0.5m | €1.3m | €0.9m | €0.7m | €0.5m | ▼ 26.8% |
| Trade receivables40 | - | - | - | €0.4m | €1.2m | €0.8m | €0.6m | €0.5m | ▼ 25.0% |
| Other amounts receivable41 | - | - | - | €0.06m | €0.1m | €0.04m | €0.04m | €0.02m | ▼ 53.4% |
| Cash at bank and in hand54/58 | €0.02m | €0.03m | €0.5m | €0.3m | €0.06m | €0.08m | €0.01m | €0.007m | ▼ 38.6% |
| Deferred charges and accrued income490/1 | - | - | - | €0.001m | €0.006m | €0.009m | €0.001m | €0.004m | ▲ 681% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €1.3m | €1.8m | €1.7m | €1.6m | €2.4m | €1.8m | €1.5m | €1.4m | ▼ 3.4% |
| Equity10/15 | €0.4m | €0.6m | €0.5m | €0.6m | €0.6m | €0.6m | €0.6m | €0.6m | ▲ 2.5% |
| Contributions10/11 | €0.09m | €0.09m | - | €0.09m | €0.09m | €0.09m | €0.09m | €0.09m | = |
| Reserves13 | €0.3m | €0.5m | €0.5m | €0.5m | €0.5m | €0.5m | €0.5m | €0.5m | ▲ 2.9% |
| Non-distributable reserves130/1 | - | - | - | €0.009m | - | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €0.009m | - | - | - | - | - |
| Tax-exempt reserves132 | - | - | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Distributable reserves133 | - | - | - | €0.4m | €0.5m | €0.5m | €0.5m | €0.5m | ▲ 3.0% |
| Amounts payable17/49 | €0.9m | €1.3m | €1.2m | €1.1m | €1.8m | €1.2m | €0.9m | €0.8m | ▼ 7.5% |
| Amounts payable after more than one year17 | €0.08m | €0.06m | €0.1m | €0.2m | €0.2m | €0.1m | €0.06m | €0.04m | ▼ 36.2% |
| Financial debts170/4 | - | - | - | €0.2m | €0.2m | €0.1m | €0.06m | €0.04m | ▼ 36.2% |
| Other amounts payable178/9 | - | - | - | - | €0.01m | - | - | - | - |
| Amounts payable within one year42/48 | €0.8m | €1.2m | €1.1m | €0.8m | €1.6m | €1.0m | €0.8m | €0.8m | ▼ 5.2% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.08m | €0.08m | €0.08m | €0.07m | €0.06m | ▼ 10.9% |
| Financial debts43 | - | - | - | €0.05m | €0.6m | €0.4m | €0.2m | €0.2m | ▲ 17.3% |
| Credit institutions430/8 | - | - | - | €0.05m | €0.6m | €0.4m | €0.2m | €0.2m | ▲ 17.3% |
| Trade debts44 | €0.4m | €0.8m | €0.6m | €0.5m | €0.7m | €0.3m | €0.3m | €0.2m | ▼ 31.0% |
| Suppliers440/4 | - | - | - | €0.5m | €0.7m | €0.3m | €0.3m | €0.2m | ▼ 31.0% |
| Advances received on contracts in progress46 | - | - | - | €0.001m | €0.002m | €0.002m | - | - | - |
| Taxes, remuneration and social security45 | - | - | - | €0.2m | €0.3m | €0.3m | €0.2m | €0.2m | ▲ 12.9% |
| Taxes450/3 | - | - | - | €0.01m | €0.02m | €0.04m | €0.04m | €0.04m | ▼ 11.2% |
| Remuneration and social security454/9 | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | ▲ 18.8% |
| Other amounts payable47/48 | - | - | - | €0.02m | €0.01m | €137 | €0.002m | €138 | ▼ 93.4% |
| Accrued charges and deferred income492/3 | - | - | - | €0.02m | €0.01m | €0.003m | - | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €126,773 | €189,819 | €58,007 | €110,511 | €39,529 | €15,428 | €1,402 | €14,939 | ▲ 966% |
| + Depreciation and write-downs630 | €85,298 | €100,864 | €79,137 | €73,518 | €83,114 | €101,016 | €59,627 | €61,290 | ▲ 2.8% |
| Operating cash flow (approximation) | €212,071 | €290,683 | €137,144 | €184,029 | €122,643 | €116,444 | €61,029 | €76,229 | ▲ 24.9% |
| Investment in fixed assets (approximation) | - | -€148,961 | -€10,369 | -€287,745 | -€81,932 | €11,228 | €25,198 | -€54,163 | - |
| Change in cash | - | €8,671 | €429,259 | -€178,524 | -€220,115 | €17,628 | -€68,179 | -€4,538 | ▲ 93.3% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 14,766 companies had the same profile as COUSY has now. Two years later, 96.2% were still going and 0.2% had gone bankrupt.
- Small
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
96.2%
was still going
3.5%
stopped otherwise
0.2%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of COUSY itself: 0.4% within 12 months.
Test of the method
The method was tested on the 497,446 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 14,766 companies, not a prediction for COUSY. 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.
Latest 10 of 49 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 26-06-2026 | 2026-00238479 | |
| 31-12-2024 | abbreviated format | 30-06-2025 | 2025-00230580 | |
| 31-12-2023 | abbreviated format | 09-07-2024 | 2024-00235416 | |
| 31-12-2022 | abbreviated format | 10-07-2023 | 2023-00225499 | |
| 31-12-2021 | abbreviated format | 29-08-2022 | 2022-20383200 | |
| 31-12-2020 | abbreviated format | 30-08-2021 | 2021-60300552 | |
| 31-12-2019 | abbreviated format | 26-08-2020 | 2020-45300292 | |
| 31-12-2018 | abbreviated format | 29-08-2019 | 2019-56600424 | |
| 31-12-2017 | abbreviated format | 17-08-2018 | 2018-46800056 | |
| 31-12-2016 | abbreviated format | 13-07-2017 | 2017-31200247 |
Board & ownership
Directors
Directors
2 directors, no change since 2026
Board 2
KNITOFFICE
Current
Director (not named in the articles) · since 02-09-2021 · earlier manager, until 12-12-2022 · term without a fixed end · Private limited company · permanent representative: Cousy Trees · listed in the 2025 annual accounts, filed on 26-06-2026
COUSY LUDWIG
Current
Director · appointed in the act of 13-01-2026 · term without a fixed end
Permanent representatives 1
Cousy Trees
Current
Permanent representative · appointed in the act of 12-12-2022 · for KNITOFFICE
Signing authorityThe articles say who may bind the company, for example by signing a contract.
Each director alone
deed of 12-12-2022Owners and capital
Shareholders
1 ownerOwners 1
- Sourceaccounts KNITOFFICE 2025Equity €75,693 Profit of €11,859 in 2025 (profit of €11,971 in 2024) Checked score 9750%
Capital transactions
Capital over time
- 12-12-2022 Converted to unavailable equity
Mandate history
7 people, 2 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| KNITOFFICE |
|
| COUSY LUDWIG |
|
| COUSY LUDWIG CommV |
|
| COUSY LUDWIG |
|
| COUSYLUDWIGCommV |
|
| LudwigCousy |
|
| WilliamCousy |
|
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “1, benoemd met of zonder beperking van duur”
Articles of association, deed of 12-12-2022 (in Dutch)
Network & group
Companies at the same address
1 other companyConnections & network
2 current directorsThe board mandates are listed under Board mandates elsewhere. The network lets you explore the same ties.
This company
Company
Director
Shareholding
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Click a node to look further, drag to arrange, zoom with the mouse wheel.
Timeline
Acts, filings and financial milestones
Deadline for the 2026 accounts:
2026
26-06
abbreviated format · 35 days before the deadline
13-01
Gazette deed
1 director appointed, 1 director resigningResignation: COUSY LUDWIG CommV (director) · Permanent representative: Ludwig Cousy · Appointment: Ludwig Cousy (director)7 points ▸
Gazette deed
1 director appointed, 1 director resigning
Resignation: COUSY LUDWIG CommV (director) · Permanent representative: Ludwig Cousy · Appointment: Ludwig Cousy (director)7 points ▸
- General meeting, 30-11-2025
- Director resignation, COUSY LUDWIG CommV (director)
- Director discharge, COUSY LUDWIG CommV
- Permanent representative, Ludwig Cousy
- Director appointment, Ludwig Cousy (director)
- Director in office, Knitoffice bv (director)
- Other provision, “vertegenwoordiger, vertegenwoordiging bestuurder” (deed in Dutch)
2025
30-06
abbreviated format · 31 days before the deadline
2024
31-12
Financial
Weakest financial yearnet €1,402 ▼90.9%
The net result drops to €1,402, the lowest from 2018 to 2025. It recovers the following year.
09-07
abbreviated format · 22 days before the deadline
2023
10-07
abbreviated format · 21 days before the deadline
2022
12-12
Gazette deed
Company renamed to COUSYChanges of role: KNITOFFICE (director) and COUSY LUDWIG (director) · Permanent representatives: Cousy Trees and Cousy Ludwig · Amendment of the articles13 points ▸
Gazette deed
Company renamed to COUSY
Changes of role: KNITOFFICE (director) and COUSY LUDWIG (director) · Permanent representatives: Cousy Trees and Cousy Ludwig · Amendment of the articles13 points ▸
- Amendment of the articles, mentioned 2 times in the deed
- Director resignation, KNITOFFICE (manager)
- Director resignation, COUSY LUDWIG (manager)
- Director appointment, KNITOFFICE (director (not named in the articles))
- Director appointment, COUSY LUDWIG (director (not named in the articles))
- Permanent representative, Cousy Trees
- Permanent representative, Cousy Ludwig
- Other provision, “alle aangelegenheden met betrekking tot uitoefening mandaat, woonplaatskeuze bestuurders” (deed in Dutch)
- Other provision, “uitoefening mandaat, kwijting ontslagnemende zaakvoerders” (deed in Dutch)
- Registered office clause, “Vandendriesschestraat 10,9620 Zottegem” (deed in Dutch)
- General meeting, 06-12-2022
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- The act holds 1 more point.
29-08
abbreviated format · 29 days late
28-07
Gazette deed
2 directors appointed, 2 directors resigningResignations: WilliamCousy (director) and LudwigCousy (director) · Appointments: COUSYLUDWIGCommV (director) and Knitoffice (director) · Permanent representatives: LudwigCousy and CousyTrees9 points ▸
Gazette deed
2 directors appointed, 2 directors resigning
Resignations: WilliamCousy (director) and LudwigCousy (director) · Appointments: COUSYLUDWIGCommV (director) and Knitoffice (director) · Permanent representatives: LudwigCousy and CousyTrees9 points ▸
- General meeting, “bijzonderealgemenevergadering, éénparigheidvanstemmen” (deed in Dutch)
- Director resignation, WilliamCousy (director)
- Director resignation, LudwigCousy (director)
- Director discharge, WilliamCousy
- Director discharge, LudwigCousy
- Director appointment, COUSYLUDWIGCommV (director)
- Permanent representative, LudwigCousy (vastevertegenwoordiger)
- Director appointment, Knitoffice (director)
- Permanent representative, CousyTrees (vertegenwoordigdeffective door)
2021
05-10
Gazette deed
Appointment: KNITOFFICE (director)Permanent representative: Trees Cousy2 points ▸
Gazette deed
Appointment: KNITOFFICE (director)
Permanent representative: Trees Cousy2 points ▸
- Director appointment, KNITOFFICE (director)
- Permanent representative, Trees Cousy
30-08
abbreviated format · 30 days late
2020
26-08
abbreviated format · 26 days late
Show earlier events
2019
31-12
Financial
Highest result from 2018 to 2025net €189,819 ▲49.7%
The operating result of €312,399 and the net result of €189,819 are both a record.
31-12
Financial
Equity above €500,000equity €566,830 ▲29.7%
With a profit in every financial year since 2018, equity grows to €566,830.
29-08
abbreviated format · 29 days late
2018
17-08
abbreviated format · 17 days late
2017
13-07
abbreviated format · 18 days before the deadline
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordName
COUSY in Dutch
Enterprise number
0407.925.877
Legal form
Private limited company
Status
Active, normale toestand
Founded
28-12-1970
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 12-12-2022 (in Dutch)Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Vlaams Gewest”
deed of 12-12-2022 (in Dutch)Registered office and establishments
Registered office
Vandendriesschestraat 10, 9620 Zottegem, Belgium
Establishment unit
Vandendriesschestraat 10, 9620 Zottegem since 01-12-1970 · unit number 2.005.501.82314100 Manufacture of wearing apparel
Activities
NACEBEL 2025VAT activities
13910
Manufacture of textiles main activity
47716
Retail sale of clothing and accessories for women, men, children and babies (general range)
Social security (RSZ) activities
14100
Manufacture of wearing apparel main activity
Codes under NACEBEL 2008
VAT activities
13910
Manufacture of textiles main activity
47716
Retail trade
Social security (RSZ) activities
14390
Manufacture of wearing apparel main activity
Codes under NACEBEL 2003
VAT activities
17600
main activity
52421
Social security (RSZ) activities
17720
main activity
Joint committees
214 Paritair Comité voor de bedienden van de textielnijverheid
120 Paritair Comité voor de textielnijverheid annual accounts 2025
PurposeThe purpose describes the activities the company may carry out under its articles.
deed of 12-12-2022 (in Dutch)
“De vervaardiging van gebreide en gehaakte truien,jumpers,pullovers,slipovers,vesten en dergelijke artikelen; Vervaardiging van bovenkleding…”
26 activities
- De vervaardiging van gebreide en gehaakte truien,jumpers,pullovers,slipovers,vesten en dergelijke artikelen;
- Vervaardiging van bovenkleding van al dan niet zelf geproduceerd materiaal als weefsels,brei-en haakwerk,gebonden textielvlies,enzovoort voor heren,dames en kinderen:mantels,regenmantels,kostuums,mantelpakken,ensembles,colbertjassen,enzovoort;
- De vervaardiging van gebreide en gehaakte stoffen:fluweel en gebreide en gehaakte stoffen met pool en lussenstof,filetweefsels en gordijnen,gebreid op een Raschelmachine of dergelijke,andere gebreide en gehaakte stoffen;
- De vervaardiging van kousen,kniekousen,sokken,nylonkousen,panty’s en dergelijke artikelen;
- Vervaardiging van maatkleding;
- Vervaardiging van onderkleding van al dan niet zelf geproduceerd materiaal als weefsels,brei-en haakwerk,kant enzovoort voor heren,dames en kinderen,overhemden,T-shirts,blouses,slips,onderbroeken,pyjama’s,nachthemden,kamerjassen,onderjurken;
- De vervaardiging van hoeden en petten,inclusief gebreide of gehaakte hoeden;
- De vervaardiging van overige kledingaccessoires;handschoenen(inclusief lederen handschoenen),ceinturen,sjaals,dassen,haarnetjes,enzovoort;
- Handelsbemiddeling in textiel,kleding,schoeisel en artikelen van leer;
- Groothandel in kleding,inclusief sportkleding;
- Groothandel in kledingaccessoires,zoals handschoenen,dassen en ceinturen;
- Managementactiviteiten van holdings:besturen en/of vertegenwoordigen van bedrijven op grond van het bezit van of controle over het maatschappelijk kapitaal en andere managementactiviteiten;
- Het nemen van participaties in vennootschappen;
- Het opnemen van mandaat als bestuurder in vennootschappen;
- Het verstrekken van advies,begeleiding,opleiding en diensten op strategisch,financieel,commercieel,industrieel,technologisch of beheersgebied,met uitzondering van alle gereglementeerde activiteiten waarvoor de vennootschap geen vergunning bezit;
- Het verwerven en exploiteren van licenties,octrooien,alle zakelijke rechten over ontwikkelde procedés,producten en installaties;
- Het verlenen van advies en praktische hulp aan bedrijven in verband met public relations en communicatie;
- Bebouwde en onbebouwde onroerende goederen,gelegen in België of in het buitenland,al dan niet onder toepassing van BTW,te kopen,verkopen,huren,verhuren,leasen of in leasing geven,beheren,in te richten,herstellen en tot waarde te brengen,of er om het even welk ander persoonlijk of zakelijk recht op te verlenen of te verwerven;
- De verhuur en ter beschikkingstelling van al dan niet gemeubelde appartementen,huizen,kantoorgebouwen en industriegebouwen aan derden;
- De verhuur en lease van machines,werktuigen en materiële goederen;
- Het verlenen van adviezen van financiële,technische,commerciële of administratieve aard,in de ruimste zin,met uitzondering van adviesverschaffing inzake beleggingen en geldplaatsingen;bijstand en diensten verlenen,rechtstreeks of onrechtstreeks,op het vlak van administratie en financiën,verkoop,productie en algemeen bestuur;het verlenen van alle dienstprestaties en het uitvoeren van alle opdrachten onder de vorm van organisatiestudies,expertises,technische handelingen en raadgevingen of andere op eender welk vlak binnen het voorwerp;
- A.het verwerven,door inschrijving of aankoop en het beheren van aandelen,obligaties,kasbons of andere roerende waarden en effecten,van welke vorm ook,van Belgische of buitenlandse,bestaande of nog op te richten vennootschappen;
- B.het bevorderen van de oprichting van vennootschappen door inbreng,participatie of investering;
- C.het optreden als tussenpersoon bij onderhandelingen door gehele of gedeeltelijke overname van aandelen;in de meest ruime betekenis,het deelnemen aan emissieverrichtingen van aandelen en vastrentende waarden door intekening,waarborgplaatsing,verhandeling of anderszins,alsmede het verwezenlijken van om het even welke verrichtingen inzake portefeuille-of kapitaalbestuur en beleggingen van allerlei aard;
- D.het deelnemen in en het waarnemen van alle bestuursopdrachten,het uitoefenen van mandaten en functies in andere vennootschappen of ondernemingen;
- E.het toestaan of opnemen van leningen en kredietopeningen al dan niet onder hypothecair verband,het verstrekken van zekerheden ook voor schulden van derden,waaronder begrepen hypothecaire zekerheden op haar toebehorende goederen voor schulden aan derden van één of meer van zuster-of dochtervennootschappen,dan wel voor schulden van derden van(andere)natuurlijke personen of rechtspersonen,alsmede het zich hoofdelijk of als borg mede verbinden en aval verlenen voor die schulden.
Invoicing and payment
VAT number
BE 0407.925.877
Financial year and general meeting
Accounts at the NBBFinancial year end
31-12
Sites & property
Location
Buildings and parcels at the address
Ground area
5,282 m²
Building footprint
1,986 m²
Building volume
7,660 m³
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 41035A0230/00H002 | Flanders | 5,282 m² | 1 · 1,986 m² | 5.8 m · 1 |