De Kouter
ActiveSummary
De Kouter has been active since 1993 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.6m and a net result of €22,688. Equity remains stable across the filed financial years (±1.4% per year). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
- Equity
- €1.6m
- Profit
- €22,688
Why 94raises riskLiquidity: current ratio 13.00, cash €35,490lowers riskSize: total assets €1.9mEquity €1.6m (86.0% of total assets)Figures for financial year 2025 (filed 18-05-2026)Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 (no NACE code, micro): better than 81% on solvency, 46% on liquidity, 49% on profitability and 35% on growth.
The bankruptcy probability was computed on 25-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 46 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Annual accounts filedfinancial year 2024 · micro…
- Back to profitnet €4,067
Financials · financial year 2025, micro format
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result stays negative: a loss of €23,893 in 2025 against €31,301 in 2024; the loss shrinks.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Use the arrow keys on the chart for the figures per year.
Peer companies
Historical observationOf the 14,766 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 96.1% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,475 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 14,766 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €0 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €41,198 | €38,846 | €38,846 | €38,846 | €37,942 | €37,942 | €38,368 | €30,678 | ▼ 20.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | - | - | - | -€4,090 | - |
| Other operating charges640/8 | - | - | - | €7,877 | €6,550 | €8,866 | €5,872 | €8,785 | ▲ 49.6% |
| Gross operating margin9900 | €573,453 | €279,647 | €32,309 | €9,689 | €23,246 | €15,199 | €12,939 | €11,480 | ▼ 11.3% |
| Operating profit (loss)9901 | €389,806 | €234,159 | -€14,264 | -€37,035 | -€21,245 | -€31,609 | -€31,301 | -€23,893 | ▲ 23.7% |
| Financial income75/76B | - | - | - | €1,750 | €0 | €6,578 | €20,911 | €45,058 | ▲ 115% |
| Recurring financial income75 | €3,406 | €3,139 | €20,293 | €1,750 | €0 | €6,578 | €20,911 | €45,058 | ▲ 115% |
| Financial charges65/66B | - | - | - | €131 | €23,783 | €77 | -€8,443 | €43 | - |
| Recurring financial charges65 | €22,516 | €15,616 | €134 | €131 | €23,783 | €77 | -€8,443 | €43 | - |
| Profit (loss) for the period before taxes9903 | €370,696 | €221,682 | €5,895 | -€35,416 | -€45,029 | -€25,108 | -€1,946 | €21,122 | - |
| Transfer from deferred taxes780 | - | - | - | €17,548 | €8,774 | €8,774 | €8,774 | €8,775 | = |
| Income taxes67/77 | €98,432 | €115,734 | €38,960 | €6,973 | €0 | - | €2,760 | €7,208 | ▲ 161% |
| Profit (loss) for the period9904 | €285,233 | €142,418 | €38,572 | -€24,840 | -€36,255 | -€16,334 | €4,067 | €22,688 | ▲ 458% |
| Transfer from tax-exempt reserves789 | - | - | - | €37,697 | €18,848 | €18,848 | €18,848 | €18,848 | = |
| Profit (loss) for the period to be appropriated9905 | €310,609 | €160,266 | €75,459 | €12,857 | -€17,406 | €2,514 | €22,916 | €41,536 | ▲ 81.3% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €2.2m | €2.3m | €2.3m | €2.2m | €2.1m | €2.0m | €2.0m | €1.9m | ▼ 7.0% |
| Fixed assets21/28 | €1.3m | €1.1m | €1.0m | €1.0m | €1.0m | €0.9m | €0.9m | €0.9m | ▼ 2.8% |
| Tangible fixed assets22/27 | €1.3m | €1.1m | €1.0m | €1.0m | €1.0m | €0.9m | €0.9m | €0.9m | ▼ 2.8% |
| Land and buildings22 | - | - | - | €1.0m | €1.0m | €0.9m | €0.9m | €0.9m | ▼ 3.3% |
| Furniture and vehicles24 | - | - | - | - | - | - | €0.002m | €0.002m | ▼ 11.1% |
| Other tangible fixed assets26 | - | - | - | €0 | - | - | €0.002m | €0.007m | ▲ 251% |
| Current assets29/58 | €0.9m | €1.2m | €1.2m | €1.1m | €1.1m | €1.1m | €1.1m | €1.0m | ▼ 10.3% |
| Amounts receivable within one year40/41 | €0.003m | €0.001m | €0.001m | €0.007m | €0.001m | €0.004m | €0.01m | €0.01m | ▼ 18.4% |
| Other amounts receivable41 | - | - | - | €0.007m | €0.001m | €0.004m | €0.01m | €0.01m | ▼ 18.4% |
| Current investments50/53 | €0.1m | - | - | - | €0.5m | €1.0m | €1.1m | €1.0m | ▼ 9.2% |
| Cash at bank and in hand54/58 | €0.8m | €1.2m | €1.2m | €1.1m | €0.6m | €0.07m | €0.05m | €0.04m | ▼ 31.1% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €2.2m | €2.3m | €2.3m | €2.2m | €2.1m | €2.0m | €2.0m | €1.9m | ▼ 7.0% |
| Equity10/15 | €1.8m | €1.9m | €1.9m | €1.9m | €1.8m | €1.8m | €1.7m | €1.6m | ▼ 3.1% |
| Contributions10/11 | €0.9m | €0.9m | - | €0.9m | €0.9m | €0.9m | €0.9m | €0.9m | = |
| Reserves13 | €0.9m | €1.0m | €1.0m | €1.0m | €1.0m | €1.0m | €0.8m | €0.7m | ▼ 6.6% |
| Non-distributable reserves130/1 | - | - | - | €0.03m | €0.03m | €0 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €0.03m | €0.03m | €0 | - | - | - |
| Tax-exempt reserves132 | - | - | - | €0.4m | €0.4m | €0.4m | €0.4m | €0.3m | ▼ 5.3% |
| Distributable reserves133 | - | - | - | €0.5m | €0.5m | €0.6m | €0.4m | €0.4m | ▼ 7.7% |
| Profit (loss) carried forward14 | - | - | - | - | -€0.02m | -€0.01m | €0 | €0 | - |
| Provisions and deferred taxes16 | €0.3m | €0.3m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | ▼ 6.5% |
| Provisions for liabilities and charges160/5 | - | - | - | €0.01m | €0.01m | €0.01m | €0.01m | €0.006m | ▼ 40.9% |
| Pensions and similar obligations160 | - | - | - | €0.01m | - | - | - | - | - |
| Major repairs and maintenance162 | - | - | - | - | €0.01m | €0.01m | €0.01m | €0.006m | ▼ 40.9% |
| Deferred taxes168 | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | ▼ 4.6% |
| Amounts payable17/49 | €0.1m | €0.1m | €0.1m | €0.05m | €0.003m | €0.006m | €0.2m | €0.08m | ▼ 49.2% |
| Amounts payable within one year42/48 | €0.1m | €0.1m | €0.1m | €0.05m | €0.002m | €0.005m | €0.2m | €0.08m | ▼ 49.4% |
| Financial debts43 | - | - | - | - | - | - | €1 | €0 | ▼ 100% |
| Credit institutions430/8 | - | - | - | - | - | - | €1 | €0 | ▼ 100% |
| Trade debts44 | €0.004m | €0 | - | €0.003m | €0 | €0.003m | €0.003m | €0.003m | ▼ 7.5% |
| Suppliers440/4 | - | - | - | €0.003m | €0 | €0.003m | €0.003m | €0.003m | ▼ 7.5% |
| Taxes, remuneration and social security45 | - | - | - | €0.04m | €0 | - | - | - | - |
| Taxes450/3 | - | - | - | €0.04m | €0 | - | - | - | - |
| Other amounts payable47/48 | - | - | - | €0.002m | €0.002m | €0.002m | €0.2m | €0.08m | ▼ 50.3% |
| Accrued charges and deferred income492/3 | - | - | - | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | = |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €285,233 | €142,418 | €38,572 | -€24,840 | -€36,255 | -€16,334 | €4,067 | €22,688 | ▲ 458% |
| + Depreciation and write-downs630 | €41,198 | €38,846 | €38,846 | €38,846 | €37,942 | €37,942 | €38,368 | €30,678 | ▼ 20.0% |
| Operating cash flow (approximation) | €326,431 | €181,264 | €77,418 | €14,006 | €1,687 | €21,608 | €42,436 | €53,366 | ▲ 25.8% |
| Investment in fixed assets (approximation) | - | €131,442 | €0 | €0 | €0 | -€5,115 | -€4,264 | -€5,518 | ▼ 29.4% |
| Change in cash | - | €427,939 | €22,493 | -€105,236 | -€570,966 | -€502,461 | -€17,836 | -€16,039 | ▲ 10.1% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 32 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 18-05-2026 | 2026-00112431 |
| 31-12-2024 | micro format | 12-06-2025 | 2025-00133252 |
| 31-12-2023 | micro format | 06-06-2024 | 2024-00112511 |
| 31-12-2022 | micro format | 16-06-2023 | 2023-00131016 |
| 31-12-2021 | micro format | 20-06-2022 | 2022-20072358 |
| 31-12-2020 | micro format | 10-06-2021 | 2021-18500211 |
| 31-12-2019 | micro format | 23-07-2020 | 2020-32500471 |
| 31-12-2018 | micro format | 22-07-2019 | 2019-35200106 |
| 31-12-2017 | micro format | 08-06-2018 | 2018-16500301 |
| 31-12-2016 | micro format | 08-06-2017 | 2017-15200354 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Other functions 1
Not every act has been read: a resignation may still be missing
Mandate history
- Other function
- began earlier
| Name | Functions and periods |
|---|---|
| VandenHeuvelOlga |
|
Owners and capital
Capital and shareholders
- 30-08-2023 Converted to unavailable equity · €911,739.21
Group and network
Connections & network
1 office holderThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
30-08
Gazette deed
Resignation: VandenHeuvelOlga (statutairbestuurder)Reappointment: VandenHeuvelOlga (gewonebestuurder) · Legal-form conversion · Capital conversion10 facts ▸
- Legal-form conversion, “beslotenvennootschap” (deed in Dutch)
- Capital conversion, “statutaironbeschikbareeigenvermogensrekening” (deed in Dutch)
- Reserve release, “statutaironbeschikbareeigenvermogensrekening, beschikbaarmakenenopheffen” (deed in Dutch)
- Other provision, “geenuitkering, geenuitkering” (deed in Dutch)
- Director resignation, VandenHeuvelOlga (statutairbestuurder)
- Director reappointment, VandenHeuvelOlga (gewonebestuurder)
- Amendment of the articles
- Capital
- Other provision, “coördinatie statuten, coördinatie opmaken en neerleggen” (deed in Dutch)
- Registered office clause, “Achterweidestraat 57 bus 101”, 2880 (deed in Dutch)
Show earlier events
About the unread acts
Of the 7 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 6 have not been read yet: what they contain is neither established nor disproved here.
Register details
No listing in the Peppol Directory under this enterprise or VAT number. That proves nothing: being listed there is voluntary.
What can you do?
Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.
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If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 26 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 12007B0401/00X002 | Flanders | 8,781 m² | 1 · 788 m² | 15.3 m · 2 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Beleggingenbeheervanvermogens,gaandevanonroerendegoederenenrechten,totroerendegoederenenkapitalen,ditalleshetzijvooreigenrekening,hetzijvoor…” (deed in Dutch)
8 activities (deed in Dutch)
- Beleggingenbeheervanvermogens,gaandevanonroerendegoederenenrechten,totroerendegoederenenkapitalen,ditalleshetzijvooreigenrekening,hetzijvoorrekeningvanderdenofindeelname metderden;dezeaanduidingenopsommingzijnnietbeperkenddochenkelvanaanwijzendeaarden tebegrijpeninderuimstezin.
- Hetverlenen vanbijstand,advies,managementenanderedienstenaanbedrijven,privépersonenen instellingen.
- Devennootschapkanzelfofalstussenpersoonallehulpmiddelenverschaffen,bestuursfunctieswaarnemenendienstenverlenendiedirectofindirectverbandhoudenmethet voorgaande.
- Dedienstenkunnenwordengeleverdkrachtenscontractueleofstatutairebenoemingenindehoedanigheidvanexternraadgeverof orgaandecliënt.
- Zijkanallehoegenaamdehandels-,nijverheids-,financiële-,roerendeenonroerendeverrichtingen uitvoeren,dierechtstreeksofonrechtstreeksinverbandstaanmethaarvoorwerpofvandieaardzijn, dittebegunstigen;zokan zijondermeer,eenbelangnemeninandereondernemingenwaarvanhet voorwerpgelijkaardig,overeenkomstigofaanverwantis methethare.
- Zijmagookdefunctievanbestuurderofvereffenaarinanderevennootschappenuitoefenen.
- Zijkanzich tengunstevandezelfdevennootschapborgstellenofhaaravalverlenen,optredenalshaa ragenteofvertegenwoordiger,voorschottentoestaan,kredietenverlenen,hypothecaireof andere zekerhedenverstrekken.
- Devennootschapkanalleverrichtingen uitvoerendienodigofdienstigzijnvoorhaarvoorwerp.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- “Artikel 4. Duur De vennootschap is opgericht voor een onbepaalde duur.” (deed in Dutch)
- Name clauseThe name the company operates under according to its articles.
- One provision in the deed
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- One provision in the deed
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Met of zonder beperking van duur, een of meer” (deed in Dutch)“Algemene kosten, algemene vergadering” (deed in Dutch)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Op naam, register van aandelen op naam” (deed in Dutch)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Helft overdrager en helft koper(s) naar evenredigheid aantal, nietigheid” (deed in Dutch)
- Share issue ruleHow and by whom new shares can be issued.
- One provision in the deed
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Third Friday of May at 20:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Beslissing algemene vergadering in vormen vereist voor statutenwijziging, elk moment” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Één of meerdere vereffenaars aanduiden,bevoegdheden omlijnen,vergoeding bepalen, bestuurder(s) in functie als vereffenaar(s) krachtens…” (deed in Dutch)