KNAP OP
ActiveSummary
KNAP OP has been active since 1980 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.4m and a net result of €40,852. Equity is growing by ~8% per year across the filed fiscal years. Its solvency ranks better than 51% of 10645 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability54▲+3
Solvency63▼-1
Growth52=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €85,000 at 30 days acceptable
Liquidity tight (current ratio 1.48 against 1.44 in 2024; short-term debt: 31.1% and cash: 4.7% of total assets), and 61.6% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more 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
38.4%
Return on assets
1.1%
Age of the figures
20 mo
neutral · Filed after the deadline
The financial year that closed on 31-01-2025 was due by 31-08-2025 and was filed on 29-09-2025, 29 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2026
not confirmed
2025
29 d late
2024
30 d late
2023
61 d late
2022
5 d late
2021
76 d late
2020
30 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 39 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€1.4m▲ 3.1%
2024 · €1.3m
Total assets
€3.6m▲ 3.9%
2024 · €3.4m
Net result
€40,852▲ 128%
2024 · €17,889
Working capital
€528,601▲ 25.7%
2024 · €420,579
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€341,285▲ 106%€253,535▼ 25.7%€235,174▼ 7.2%€91,607▼ 61.0%€173,409▲ 89.3%
Net result€225,623above the sector's middle half▲ 132%€165,483above the sector's middle half▼ 26.7%€187,674above the sector's middle half▲ 13.4%€17,889within the sector's middle half▼ 90.5%€40,852within the sector's middle half▲ 128%
Equity€1.1mabove the sector's middle half▲ 25.2%€1.2mabove the sector's middle half▲ 8.5%€1.4mabove the sector's middle half▲ 15.4%€1.3mabove the sector's middle half▼ 5.6%€1.4mabove the sector's middle half▲ 3.1%
Total assets€1.5mwithin the sector's middle half▲ 20.0%€1.6mwithin the sector's middle half▲ 4.4%€2.0mabove the sector's middle half▲ 27.5%€3.4mabove the sector's middle half▲ 70.3%€3.6mabove the sector's middle half▲ 3.9%
Debt€387,515▲ 7.2%€358,447▼ 7.5%€604,028▲ 68.5%€2.1m▲ 247%€2.2m▲ 4.4%
Working capital€1.0mabove the sector's middle half▲ 29.0%€1.1mabove the sector's middle half▲ 6.6%€501,205above the sector's middle half▼ 54.9%€420,579within the sector's middle half▼ 16.1%€528,601above the sector's middle half▲ 25.7%
Solvency74.3%above the sector's middle half▲ 3.1pp77.2%above the sector's middle half▲ 2.9pp69.9%above the sector's middle half▼ 7.3pp38.8%within the sector's middle half▼ 31.2pp38.4%within the sector's middle half▼ 0.3pp
Current ratio3.70above the sector's middle half▲ 0.404.15above the sector's middle half▲ 0.451.83within the sector's middle half▼ 2.321.44within the sector's middle half▼ 0.391.48within the sector's middle half▲ 0.04
Return on assets (ROA)15.0%above the sector's middle half▲ 7.2pp10.5%within the sector's middle half▼ 4.4pp9.3%within the sector's middle half▼ 1.2pp0.5%within the sector's middle half▼ 8.8pp1.1%within the sector's middle half▲ 0.6pp
Staff (FTE)10.9above the sector's middle half▲ 2.8%10.8above the sector's middle half▼ 0.9%10.9above the sector's middle half▲ 0.9%10.9above the sector's middle half=12.1above the sector's middle half▲ 11.0%
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 89% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.6m
Fixed assets
€1.9m ▼ 6.3%
Current assets
€1.6m ▲ 19.3%
Equity and liabilities €3.6m
Equity
€1.4m ▲ 3.1%
Debt
€2.2m ▲ 4.4%
Debt's share of the balance-sheet total rises from 61.2% to 61.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€414,189▲
2024 · €270,199
Cash flow
€281,632▲
2024 · €196,481
Quick ratio
0.29▼
2024 · 0.32
Debt to equity
1.60▲
2024 · 1.58
ROE
3.0%▲
2024 · 1.3%
Interest coverage
4.06▲
2024 · 3.74
Debt ≤ 1 year
€1.1m▲
2024 · €948,464
Debt > 1 year
€1.0m▼
2024 · €1.1m
Income taxes
€30,953▲
2024 · €1,750
Staff costs
€511,729▲
2024 · €505,109
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 14,732 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 96% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.2%
went bankrupt
3.5%
stopped otherwise
96%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% 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 497,341 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% | 1.0% |
| 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% 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 14,732 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.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €444,597 | €520,833 | €505,109 | €511,729 | ▲ 1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €25,462 | €19,858 | €38,377 | €178,592 | €240,780 | ▲ 34.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €309 | - | - |
| Other operating charges640/8 | - | €26,710 | €24,393 | €24,888 | €27,248 | ▲ 9.5% |
| Gross operating margin9900 | €824,998 | €744,700 | €818,777 | €800,506 | €953,166 | ▲ 19.1% |
| Operating profit (loss)9901 | €341,285 | €253,535 | €235,174 | €91,607 | €173,409 | ▲ 89.3% |
| Financial income75/76B | - | €6,936 | €59 | €253 | €488 | ▲ 93.1% |
| Recurring financial income75 | - | €408 | €29 | €253 | €1 | ▼ 99.6% |
| Non-recurring financial income76B | - | €6,528 | €30 | €253 | €487 | ▲ 92.7% |
| Financial charges65/66B | - | €17,969 | €19,672 | €72,221 | €102,092 | ▲ 41.4% |
| Recurring financial charges65 | €19,234 | €17,969 | €19,672 | €72,221 | €102,092 | ▲ 41.4% |
| Profit (loss) for the period before taxes9903 | €324,015 | €242,503 | €215,560 | €19,639 | €71,804 | ▲ 266% |
| Income taxes67/77 | €98,393 | €77,020 | €27,886 | €1,750 | €30,953 | ▲ 1,669% |
| Profit (loss) for the period9904 | €225,623 | €165,483 | €187,674 | €17,889 | €40,852 | ▲ 128% |
| Profit (loss) for the period to be appropriated9905 | €225,623 | €165,483 | €187,674 | €17,889 | €40,852 | ▲ 128% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.5m | €1.6m | €2.0m | €3.4m | €3.6m | ▲ 3.9% |
| Fixed assets21/28 | €78,747 | €109,769 | €902,796 | €2.1m | €1.9m | ▼ 6.3% |
| Intangible fixed assets21 | €7,312 | €3,656 | - | - | - | - |
| Tangible fixed assets22/27 | €27,862 | €61,473 | €857,214 | €2.0m | €1.9m | ▼ 6.6% |
| Land and buildings22 | - | €141 | €805,313 | €1.8m | €1.7m | ▼ 5.8% |
| Plant, machinery and equipment23 | - | €11,395 | €16,539 | €136,950 | €123,234 | ▼ 10.0% |
| Furniture and vehicles24 | - | €49,937 | €35,362 | €63,456 | €49,741 | ▼ 21.6% |
| Financial fixed assets28 | €43,572 | €44,640 | €45,582 | €46,384 | €47,624 | ▲ 2.7% |
| Current assets29/58 | €1.4m | €1.5m | €1.1m | €1.4m | €1.6m | ▲ 19.3% |
| Stocks and contracts in progress3 | €512,119 | €636,394 | €740,404 | €1.1m | €1.3m | ▲ 22.7% |
| Stocks30/36 | - | €636,394 | €740,404 | €1.1m | €1.3m | ▲ 22.7% |
| Amounts receivable within one year40/41 | €145,789 | €209,148 | €163,966 | €143,346 | €153,667 | ▲ 7.2% |
| Trade receivables40 | - | €164,561 | €161,852 | €140,059 | €153,667 | ▲ 9.7% |
| Other amounts receivable41 | - | €44,588 | €2,114 | €3,287 | - | - |
| Cash at bank and in hand54/58 | €772,235 | €619,463 | €200,863 | €156,693 | €167,138 | ▲ 6.7% |
| Deferred charges and accrued income490/1 | - | - | - | - | €53 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.5m | €1.6m | €2.0m | €3.4m | €3.6m | ▲ 3.9% |
| Equity10/15 | €1.1m | €1.2m | €1.4m | €1.3m | €1.4m | ▲ 3.1% |
| Contributions10/11 | €166,931 | €166,931 | €166,931 | €166,931 | €166,931 | = |
| Capital10 | - | €166,931 | €166,931 | €166,931 | €166,931 | = |
| Issued capital100 | - | €166,931 | €166,931 | €166,931 | €166,931 | = |
| Revaluation surpluses12 | - | €77,306 | €77,306 | €77,306 | €77,306 | = |
| Reserves13 | €871,427 | €964,897 | €1.2m | €1.1m | €1.1m | ▲ 3.7% |
| Non-distributable reserves130/1 | - | €16,693 | €16,693 | €16,693 | €16,693 | = |
| Legal reserve130 | - | €16,693 | €16,693 | €16,693 | €16,693 | = |
| Tax-exempt reserves132 | - | €4,553 | €4,553 | €4,553 | €4,553 | = |
| Distributable reserves133 | - | €943,651 | €1.1m | €1.1m | €1.1m | ▲ 3.8% |
| Profit (loss) carried forward14 | €5,711 | €7,194 | €7,868 | €8,257 | €9,108 | ▲ 10.3% |
| Amounts payable17/49 | €387,515 | €358,447 | €604,028 | €2.1m | €2.2m | ▲ 4.4% |
| Amounts payable after more than one year17 | - | - | - | €1.1m | €1.0m | ▼ 7.1% |
| Financial debts170/4 | - | - | - | €1.1m | €1.0m | ▼ 7.1% |
| Amounts payable within one year42/48 | €386,622 | €352,893 | €604,028 | €948,464 | €1.1m | ▲ 16.4% |
| Trade debts44 | €159,576 | €118,743 | €90,031 | €76,785 | €157,434 | ▲ 105% |
| Suppliers440/4 | - | €118,743 | €90,031 | €76,785 | €157,434 | ▲ 105% |
| Advances received on contracts in progress46 | - | - | - | - | €18,558 | - |
| Taxes, remuneration and social security45 | - | €84,221 | €72,271 | €79,190 | €115,792 | ▲ 46.2% |
| Taxes450/3 | - | €16,525 | - | €4,474 | €30,926 | ▲ 591% |
| Remuneration and social security454/9 | - | €67,696 | €72,271 | €74,716 | €84,866 | ▲ 13.6% |
| Other amounts payable47/48 | - | €149,928 | €441,725 | €792,489 | €812,664 | ▲ 2.5% |
| Accrued charges and deferred income492/3 | - | €5,554 | - | €26,175 | €43,218 | ▲ 65.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €225,623 | €165,483 | €187,674 | €17,889 | €40,852 | ▲ 128% |
| + Depreciation and write-downs630 | €25,462 | €19,858 | €38,377 | €178,592 | €240,780 | ▲ 34.8% |
| Operating cash flow (approximation) | €251,085 | €185,340 | €226,051 | €196,481 | €281,632 | ▲ 43.3% |
| Investment in fixed assets (approximation) | - | -€50,880 | -€831,404 | -€1.3m | -€110,653 | ▲ 91.7% |
| Change in cash | - | -€152,772 | -€418,600 | -€44,170 | €10,444 | ▲ 124% |
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
2025
29-09
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 29 days late
2024
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 30 days late
31-01
Financial
Weakest financial yearnet €17,889 ▼90.5%
Net result drops to €17,889, the lowest in the series; recovery starts the following year.
2023
31-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 61 days late
2022
05-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 5 days late
2021
15-11
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 76 days late
31-01
Financial
Highest result since 2019net €225,623 ▲132%
Operating result €341,285, net result €225,623, both a record.
31-01
Financial
Equity above €1mEq €1.1m ▲25.2%
3 profitable years in a row build equity to €1.1m.
2020
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 30 days late
2019
11-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 11 days late
2018
22-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
10-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
11-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
No directors read yet: 0 of 4 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Oostende · 1 establishment unit since 1980
Ground area
3,469 m²
Building footprint
4,272 m²
Volume, LiDAR
11,340 m³
Parcel 35020A0133/00D000, Flanders · tallest building 5.3 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Torhoutsesteenweg 661, 8400 Oostende
since 19802.017.203.486
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35020A0133/00D000 | Flanders | 3,469 m² | 1 · 4,272 m² | 5.3 m · 1 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.
Subsidies and aid
Flemish government
2023 to 2025 · 3 entries · 17,361 EUR awarded · 17,361 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 11,272 EUR | 11,272 EUR |
| 2024 | 1 | 5,792 EUR | 5,792 EUR |
| 2023 | 1 | 297 EUR | 297 EUR |
Recognitions · licences · registrations
Legal Entity Identifier
875500KNI1CWKMQ6PZ92
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Company details
Identification
Legal formPublic limited company
Founded28-02-1980
Fiscal year end31-01
Activities, NACEBEL 2025
47120Other non-specialised retail sale
47521Retail sale of hardware, building materials, paint and glass (general range)
E-invoicing
Reachable via Peppol
Peppol ID
0208:0420219935
Also
9925:BE0420219935
Registered
08-06-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.