KNABBACO
ActiveSummary
KNABBACO has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €19k and a net result of €223k. Equity is shrinking by ~23.2% per year across the filed fiscal years. Its solvency ranks better than 14% of 31791 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency32▼-4
Growth58=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity tight (current ratio 1.03 against 1.05 in 2024; short-term debt: 93.1% and cash: 92.6% of total assets), and 93.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
6.8%
Return on assets
80.4%
Age of the figures
15 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 31791 sector peers (2025).
NBB · sector comparisonPosition among 31791 sector peers
Solvency
better than 14%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 22-12-2025, 40 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
40 d early
2024
45 d early
2023
43 d early
2022
42 d early
2021
41 d early
2020
26 d early
2019
16 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close25-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€19k▼ 18.1%
2024 · €23k
2019: €86k
2020: €178k▲ +107% vs 2019
2021: €181k▲ +1.9% vs 2020
2022: €356k▲ +96.1% vs 2021highest in 7 years
2023: €23k▼ -93.6% vs 2022
2024: €23k● 0.0% vs 2023
2025: €19k▼ -18.1% vs 2024lowest in 7 years
2019 → 2025
Total assets
€278k▲ 29.1%
2024 · €215k
2019: €117klowest in 7 years
2020: €199k▲ +69.5% vs 2019
2021: €307k▲ +54.3% vs 2020
2022: €370k▲ +20.6% vs 2021highest in 7 years
2023: €312k▼ -15.7% vs 2022
2024: €215k▼ -31.1% vs 2023
2025: €278k▲ +29.1% vs 2024
2019 → 2025
Net result
€223k▲ 29.1%
2024 · €173k
2019: €48klowest in 7 years
2020: €92k▲ +92.6% vs 2019
2021: €113k▲ +23.0% vs 2020
2022: €168k▲ +48.4% vs 2021
2023: €207k▲ +23.2% vs 2022
2024: €173k▼ -16.5% vs 2023
2025: €223k▲ +29.1% vs 2024highest in 7 years
2019 → 2025
Working capital
€8k▼ 8.6%
2024 · €9k
2019: €69k
2020: €157k▲ +128% vs 2019
2021: €163k▲ +4.2% vs 2020
2022: €350k▲ +114% vs 2021highest in 7 years
2023: €19k▼ -94.5% vs 2022
2024: €9k▼ -54.8% vs 2023
2025: €8k▼ -8.6% vs 2024lowest in 7 years
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€181k-€356k▲ 96.1%€23k▼ 93.6%€23k=€19k▼ 18.1%
2021: €181k
2022: €356k▲ +96.1% vs 2021highest in 5 years
2023: €23k▼ -93.6% vs 2022
2024: €23k● 0.0% vs 2023
2025: €19k▼ -18.1% vs 2024lowest in 5 years
Operating result€146k-€219k▲ 50.6%€271k▲ 23.6%€226k▼ 16.8%€291k▲ 29.1%
2021: €146klowest in 5 years
2022: €219k▲ +50.6% vs 2021
2023: €271k▲ +23.6% vs 2022
2024: €226k▼ -16.8% vs 2023
2025: €291k▲ +29.1% vs 2024highest in 5 years
Net result€113k-€168k▲ 48.4%€207k▲ 23.2%€173k▼ 16.5%€223k▲ 29.1%
2021: €113klowest in 5 years
2022: €168k▲ +48.4% vs 2021
2023: €207k▲ +23.2% vs 2022
2024: €173k▼ -16.5% vs 2023
2025: €223k▲ +29.1% vs 2024highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 29% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €278k
Fixed assets
€11k ▼ 23.2%
Current assets
€266k ▲ 32.9%
Equity and liabilities €278k
Equity
€19k ▼ 18.1%
Debt
€259k ▲ 34.7%
Debt's share of the balance-sheet total rises from 89.3% to 93.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€296k▲
2024 · €229k
Cash flow
€228k▲
2024 · €176k
Current ratio
1.03▼
2024 · 1.05
Debt to equity
13.78▲
2024 · 8.39
ROA
80.4%▲
2024 · 80.4%
Interest coverage
145.15▼
2024 · 265.52
Debt ≤ 1 year
€258k▲
2024 · €192k
Income taxes
€69k▲
2024 · €52k
A ratio outside any meaningful range has been withheld (balance sheet total €278k, equity €19k).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 45 lines
Balance sheet
Code20242025
Assets
Total assets20/58€215k€278k▲
Fixed assets21/28€15k€11k▼
Tangible fixed assets22/27€15k€11k▼
Plant, machinery and equipment23€3k€2k▼
Furniture and vehicles24€1k€2k▲
Other tangible fixed assets26€11k€7k▼
Current assets29/58€200k€266k▲
Amounts receivable within one year40/41€647€7k▲
Trade receivables40€0-
Other amounts receivable41€647€7k▲
Cash at bank and in hand54/58€199k€257k▲
Deferred charges and accrued income490/1€1k€2k▲
Equity and liabilities
Total equity and liabilities10/49€215k€278k▲
Equity10/15€23k€19k▼
Contributions10/11€19k€19k=
Reserves13€4k€176▼
Tax-exempt reserves132€176€176=
Distributable reserves133€4k€0▼
Profit (loss) carried forward14€0€0=
Amounts payable17/49€192k€259k▲
Amounts payable within one year42/48€192k€258k▲
Trade debts44€4k€1k▼
Suppliers440/4€4k€1k▼
Taxes, remuneration and social security45€12k€61k▲
Taxes450/3€12k€61k▲
Other amounts payable47/48€175k€196k▲
Accrued charges and deferred income492/3€384€400▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€5k▲
Other operating charges640/8€977€807▼
Gross operating margin9900€230k€297k▲
Operating profit (loss)9901€226k€291k▲
Financial income75/76B€0€3k▲
Recurring financial income75€0€3k▲
Financial charges65/66B€863€2k▲
Recurring financial charges65€863€2k▲
Profit (loss) for the period before taxes9903€225k€292k▲
Income taxes67/77€52k€69k▲
Profit (loss) for the period9904€173k€223k▲
Profit (loss) for the period to be appropriated9905€173k€223k▲
Appropriation of the result
Profit (loss) to be appropriated9906€173k€223k▲
Transfer from equity791/2€0€227k▲
Transfer to equity691/2-€223k
To other reserves6921-€223k
Profit to be distributed694/7€173k€227k▲
Return on contributions (dividend)694€173k€227k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11k | €12k | €2k | €4k | €5k | ▲ 33.3% |
| Other operating charges640/8 | - | €753 | €1k | €977 | €807 | ▼ 17.4% |
| Gross operating margin9900 | €158k | €232k | €274k | €230k | €297k | ▲ 29.0% |
| Operating profit (loss)9901 | €146k | €219k | €271k | €226k | €291k | ▲ 29.1% |
| Financial income75/76B | - | - | €0 | €0 | €3k | ▲ 10,352,100% |
| Recurring financial income75 | €0 | - | €0 | €0 | €3k | ▲ 10,352,100% |
| Financial charges65/66B | - | €61 | €190 | €863 | €2k | ▲ 136% |
| Recurring financial charges65 | €40 | €61 | €190 | €863 | €2k | ▲ 136% |
| Profit (loss) for the period before taxes9903 | €146k | €219k | €271k | €225k | €292k | ▲ 30.1% |
| Income taxes67/77 | €32k | €51k | €64k | €52k | €69k | ▲ 33.3% |
| Profit (loss) for the period9904 | €113k | €168k | €207k | €173k | €223k | ▲ 29.1% |
| Profit (loss) for the period to be appropriated9905 | €113k | €168k | €207k | €173k | €223k | ▲ 29.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €307k | €370k | €312k | €215k | €278k | ▲ 29.1% |
| Fixed assets21/28 | €18k | €6k | €4k | €15k | €11k | ▼ 23.2% |
| Tangible fixed assets22/27 | €18k | €6k | €4k | €15k | €11k | ▼ 23.2% |
| Plant, machinery and equipment23 | - | - | - | €3k | €2k | ▼ 25.0% |
| Furniture and vehicles24 | - | - | - | €1k | €2k | ▲ 64.2% |
| Other tangible fixed assets26 | - | €6k | €4k | €11k | €7k | ▼ 31.6% |
| Current assets29/58 | €289k | €364k | €308k | €200k | €266k | ▲ 32.9% |
| Amounts receivable within one year40/41 | €2k | €12k | €61k | €647 | €7k | ▲ 954% |
| Trade receivables40 | - | €3k | €58k | €0 | - | - |
| Other amounts receivable41 | - | €9k | €3k | €647 | €7k | ▲ 954% |
| Cash at bank and in hand54/58 | €286k | €351k | €245k | €199k | €257k | ▲ 29.4% |
| Deferred charges and accrued income490/1 | - | €958 | €2k | €1k | €2k | ▲ 109% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €307k | €370k | €312k | €215k | €278k | ▲ 29.1% |
| Equity10/15 | €181k | €356k | €23k | €23k | €19k | ▼ 18.1% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €169k | €337k | €4k | €4k | €176 | ▼ 95.9% |
| Non-distributable reserves130/1 | - | €2k | €0 | - | - | - |
| Reserves not available under the articles1311 | - | €2k | €0 | - | - | - |
| Tax-exempt reserves132 | - | €176 | €176 | €176 | €176 | = |
| Distributable reserves133 | - | €335k | €4k | €4k | €0 | ▼ 100% |
| Profit (loss) carried forward14 | - | - | €0 | €0 | €0 | - |
| Amounts payable17/49 | €126k | €14k | €289k | €192k | €259k | ▲ 34.7% |
| Amounts payable within one year42/48 | €126k | €14k | €289k | €192k | €258k | ▲ 34.7% |
| Trade debts44 | €1k | €710 | €17k | €4k | €1k | ▼ 76.0% |
| Suppliers440/4 | - | €710 | €17k | €4k | €1k | ▼ 76.0% |
| Taxes, remuneration and social security45 | - | €12k | €31k | €12k | €61k | ▲ 396% |
| Taxes450/3 | - | €12k | €31k | €12k | €61k | ▲ 396% |
| Other amounts payable47/48 | - | €1k | €241k | €175k | €196k | ▲ 12.0% |
| Accrued charges and deferred income492/3 | - | €348 | €348 | €384 | €400 | ▲ 4.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €113k | €168k | €207k | €173k | €223k | ▲ 29.1% |
| + Depreciation and write-downs630 | €11k | €12k | €2k | €4k | €5k | ▲ 33.3% |
| Operating cash flow (approximation) | €125k | €180k | €209k | €176k | €228k | ▲ 29.2% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €-14k | €-1k | ▲ 90.4% |
| Change in cash | - | €65k | €-106k | €-47k | €58k | ▲ 225% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
22-12
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
30-06
Financial
Highest result since 2019net €223k ▲29.1%
Operating result €291k, net result €223k, both a record.
2024
17-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
19-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
20-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
30-06
Financial
Liquidity times 11current ratio 25.92
Current ratio from 2.30 to 25.92; short-term debt falls from €126k to €14k.
30-06
Financial
Equity above €200kEq €356k ▲96.1%
4 profitable years in a row build equity to €356k.
2021
21-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
05-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-06
Financial
Liquidity triplescurrent ratio 8.48
Current ratio from 3.19 to 8.48; short-term debt falls from €31k to €21k.
30-06
Financial
Equity above €150kEq €178k ▲107%
2 profitable years in a row build equity to €178k.
15-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
16-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
20-12
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Destelbergen · 1 establishment unit since 2017
Ground area
1,044 m²
Building footprint
189 m²
Volume, LiDAR
1,298 m³
Parcel 44013A0145/00K000, Flanders · tallest building 10.7 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
KNABBACO
since 20172.260.608.457
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44013A0145/00K000 | Flanders | 1,044 m² | 1 · 189 m² | 10.7 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 82,553 companies in sector 70200 we hold annual accounts for 52,585. 29,925 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded03-01-2017
Fiscal year end30-06
Activities, NACEBEL 2025
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.