KNAPP
ActiveSummary
KNAPP has been active since 1990 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €25,820 and a net result of €16,660. Equity has been stable since 2018 (±0% per year). Its solvency ranks better than 46% of 4,800 sector peers (NACE 56, financial year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 22-08-1990 Normal situation
- Activity
- Limited-service restaurants, excluding mobile food services NACE 56112and 2 others
- Joint committee
- 302 Paritair Comité voor het hotelbedrijf · annual accounts 2025
- Establishment unit
- 2.049.312.367 8400 Oostende, since 24-08-1990
- Financial year end
- 31 December
- Peppol
- Reachable since 15-12-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.3%
- Gross margin
- €110,936
- ▲ 16.1%
- Turnover
- ≈ €350,000
- estimated
- Profit
- €16,660
- ▲ 99.1%
- Equity
- €25,820
- ▲ 182%
- Total assets
- €100,303
- ▼ 2.0%
- Employees on 31-12-2025
- 3
- =
Score breakdownraises riskSector: Food and beverage service activities (NACE 56)Size: 1.5 FTE, total assets €100,303lowers riskFounded in 1990Liquidity: current ratio 3.30, cash €18,958Show the evidence
Checked score
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 56, micro). It does better than 47% of them on solvency, 75% on liquidity, 78% on profitability and 94% 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
The company filed its last 7 accounts on average 43 days before the deadline. In the sector (NACE 56), the median for financial year 2024 was 7 days after the deadline, and 53% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 16-07-2026 at the NBB all 35 filings
Every figure per financial year
The operating result for 2025 is 131% higher than in 2024 and the highest since 2021. It is the third rise in a row, after the fall in 2022.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 2 | 2 | 3 | 3 | 3 |
| part-time | 2 | 2 | 3 | 3 | 3 |
| in full-time equivalents | 0.9 | 1 | 1.5 | 1.5 | 1.5 |
| Average over the year, in full-time equivalents | 0.5 | 0.9 | 1.2 | 1.5 | 1.5 |
| On a permanent contract | 2 | 2 | 3 | 3 | 3 |
| Joined | - | 2 | 1 | - | - |
| Left | - | 0 | 0 | - | - |
Source: social balance sheet in the 2021 to 2025 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €12,702 | €57,263 | €11,715 | €4,565 | €13,710 |
| Intangible fixed assets | - | €2,386 | €1,825 | €2,604 | - |
| Financial fixed assets | - | €173 | - | - | €415 |
| Depreciation and write-downs of the year | €5,232 | €18,436 | €19,436 | €19,793 | €20,910 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2024 to 2025 · 2 entries · €23,648 awarded · €23,648 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €12,790 | €12,790 |
| 2024 | 1 | €10,858 | €10,858 |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | - | €229,093 | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | - | €195,943 | - | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | €22,603 | €34,761 | €47,829 | €60,742 | €61,296 | ▲ 0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10,574 | €9,449 | €9,531 | €5,232 | €18,436 | €19,436 | €19,793 | €20,910 | ▲ 5.6% |
| Other operating charges640/8 | - | - | - | €3,053 | €3,742 | €5,021 | €5,283 | €6,213 | ▲ 17.6% |
| Gross operating margin9900 | €64,234 | €61,914 | €42,009 | €28,971 | €41,890 | €66,365 | €95,565 | €110,936 | ▲ 16.1% |
| Operating profit (loss)9901 | -€4,276 | €2,882 | €258 | -€1,917 | -€15,050 | -€5,921 | €9,747 | €22,517 | ▲ 131% |
| Financial income75/76B | - | - | - | €14,932 | €1,443 | €105 | - | €34 | - |
| Recurring financial income75 | €4 | €102 | €2 | €149 | €1,443 | €105 | - | €34 | - |
| Non-recurring financial income76B | - | - | - | €14,783 | - | - | - | - | - |
| Financial charges65/66B | - | - | - | €857 | €895 | €1,053 | €1,196 | €1,300 | ▲ 8.6% |
| Recurring financial charges65 | €997 | €770 | €1,914 | €857 | €895 | €1,053 | €1,196 | €1,300 | ▲ 8.6% |
| Profit (loss) for the period before taxes9903 | -€5,269 | €2,215 | -€1,654 | €12,157 | -€14,502 | -€6,868 | €8,551 | €21,251 | ▲ 149% |
| Income taxes67/77 | €114 | €117 | €116 | €54 | €165 | €178 | €182 | €4,591 | ▲ 25× |
| Profit (loss) for the period9904 | -€5,383 | €2,098 | -€1,770 | €12,103 | -€14,667 | -€7,046 | €8,368 | €16,660 | ▲ 99.1% |
| Profit (loss) for the period to be appropriated9905 | -€5,383 | €2,098 | -€1,770 | €12,103 | -€14,667 | -€7,046 | €8,368 | €16,660 | ▲ 99.1% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €66,182 | €56,754 | €46,738 | €89,836 | €116,228 | €108,633 | €102,319 | €100,303 | ▼ 2.0% |
| Fixed assets21/28 | €51,287 | €42,845 | €33,831 | €39,004 | €80,265 | €74,373 | €61,758 | €54,549 | ▼ 11.7% |
| Intangible fixed assets21 | €660 | €330 | €0 | - | €2,175 | €3,327 | €4,974 | €3,606 | ▼ 27.5% |
| Tangible fixed assets22/27 | €50,627 | €42,515 | €33,831 | €39,004 | €78,042 | €70,995 | €56,724 | €50,891 | ▼ 10.3% |
| Land and buildings22 | - | - | - | €25,572 | €25,968 | €32,112 | €28,074 | €30,255 | ▲ 7.8% |
| Plant, machinery and equipment23 | - | - | - | €1,139 | €5,263 | €3,892 | €5,100 | €7,843 | ▲ 53.8% |
| Furniture and vehicles24 | - | - | - | €12,293 | €46,811 | €34,991 | €23,550 | €12,793 | ▼ 45.7% |
| Financial fixed assets28 | - | - | - | - | €48 | €51 | €60 | €52 | ▼ 13.8% |
| Current assets29/58 | €14,895 | €13,909 | €12,907 | €50,832 | €35,963 | €34,260 | €40,561 | €45,754 | ▲ 12.8% |
| Stocks and contracts in progress3 | €2,290 | €2,081 | €1,496 | - | €5,642 | €8,922 | €8,814 | €7,945 | ▼ 9.9% |
| Stocks30/36 | - | - | - | - | €5,642 | €8,922 | €8,814 | €7,945 | ▼ 9.9% |
| Amounts receivable within one year40/41 | €9,776 | €8,043 | €5,413 | €5,706 | €10,396 | €13,699 | €19,342 | €15,238 | ▼ 21.2% |
| Trade receivables40 | - | - | - | - | €10,396 | €13,531 | €19,342 | €15,238 | ▼ 21.2% |
| Other amounts receivable41 | - | - | - | €5,706 | - | €168 | - | - | - |
| Cash at bank and in hand54/58 | €1,455 | €3,580 | €4,878 | €45,126 | €19,925 | €8,613 | €8,899 | €18,958 | ▲ 113% |
| Deferred charges and accrued income490/1 | - | - | - | - | - | €3,026 | €3,507 | €3,614 | ▲ 3.0% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €66,182 | €56,754 | €46,738 | €89,836 | €116,228 | €108,633 | €102,319 | €100,303 | ▼ 2.0% |
| Equity10/15 | €10,074 | €12,173 | €10,403 | €22,506 | €7,839 | €792 | €9,160 | €25,820 | ▲ 182% |
| Contributions10/11 | €15,958 | €15,958 | - | €15,958 | €15,958 | €15,958 | €15,958 | €15,958 | = |
| Reserves13 | €5,189 | €5,190 | €5,190 | €6,548 | €6,548 | €6,548 | - | €9,862 | - |
| Non-distributable reserves130/1 | - | - | - | €968 | €968 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €968 | €968 | - | - | - | - |
| Distributable reserves133 | - | - | - | €5,579 | €5,579 | €6,548 | - | €9,862 | - |
| Profit (loss) carried forward14 | -€11,073 | -€8,975 | -€10,745 | - | -€14,667 | -€21,714 | -€6,798 | - | - |
| Provisions and deferred taxes16 | €20,580 | €20,580 | €10,258 | - | - | - | - | - | - |
| Amounts payable17/49 | €35,528 | €24,001 | €26,077 | €67,331 | €108,389 | €107,841 | €93,159 | €74,483 | ▼ 20.0% |
| Amounts payable after more than one year17 | €3,531 | €274 | €0 | - | €96,696 | €89,843 | €78,465 | €60,624 | ▼ 22.7% |
| Other amounts payable178/9 | - | - | - | - | €96,696 | €89,843 | €78,465 | €60,624 | ▼ 22.7% |
| Amounts payable within one year42/48 | €29,484 | €21,320 | €25,412 | €67,331 | €11,693 | €17,997 | €14,693 | €13,859 | ▼ 5.7% |
| Trade debts44 | €8,462 | €1,743 | €4,279 | €12,656 | €3,151 | €9,422 | €5,411 | €5,241 | ▼ 3.2% |
| Suppliers440/4 | - | - | - | €12,656 | €3,151 | €9,422 | €5,411 | €5,241 | ▼ 3.2% |
| Taxes, remuneration and social security45 | - | - | - | €97 | €8,543 | €8,575 | €9,282 | €8,618 | ▼ 7.2% |
| Taxes450/3 | - | - | - | €97 | €3,507 | €3,677 | €3,302 | €3,616 | ▲ 9.5% |
| Remuneration and social security454/9 | - | - | - | - | €5,036 | €4,898 | €5,980 | €5,003 | ▼ 16.3% |
| Other amounts payable47/48 | - | - | - | €54,578 | - | - | - | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€5,383 | €2,098 | -€1,770 | €12,103 | -€14,667 | -€7,046 | €8,368 | €16,660 | ▲ 99.1% |
| + Depreciation and write-downs630 | €10,574 | €9,449 | €9,531 | €5,232 | €18,436 | €19,436 | €19,793 | €20,910 | ▲ 5.6% |
| Operating cash flow (approximation) | €5,191 | €11,547 | €7,761 | €17,335 | €3,769 | €12,389 | €28,161 | €37,570 | ▲ 33.4% |
| Investment in fixed assets (approximation) | - | -€1,007 | -€517 | -€10,405 | -€59,697 | -€13,544 | -€7,178 | -€13,701 | ▼ 90.9% |
| Change in cash | - | €2,125 | €1,298 | €40,248 | -€25,201 | -€11,312 | €286 | €10,059 | ▲ 35× |
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, 3,818 companies had the same profile as KNAPP has now. Two years later, 95.1% were still going and 1.0% had gone bankrupt.
- Micro
- 20 years or older
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of KNAPP itself: 0.3% 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 3,818 companies, not a prediction for KNAPP. 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 35 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 16-07-2026 | 2026-00298569 | |
| 31-12-2024 | abbreviated format | 19-06-2025 | 2025-00152468 | |
| 31-12-2023 | abbreviated format | 28-05-2024 | 2024-00097748 | |
| 31-12-2022 | abbreviated format | 19-06-2023 | 2023-00134653 | |
| 31-12-2021 | abbreviated format | 12-04-2022 | 2022-20002685 | |
| 31-12-2020 | abbreviated format | 09-07-2021 | 2021-33400258 | |
| 31-12-2019 | abbreviated format | 24-07-2020 | 2020-33800168 | |
| 31-12-2018 | micro format | 31-10-2019 | 2019-72600428 | |
| 31-12-2017 | micro format | 31-08-2018 | 2018-58900311 | |
| 31-12-2016 | micro format | 31-08-2017 | 2017-58400474 |
Board & ownership
Directors
Owners and capital
Owners
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| SEYS Stephane |
|
| WALRAVE Jamie |
|
| DECROP Margareta |
|
| VAN ROSSOM Jan |
|
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Kan alle handelingen stellen nodig of nuttig voor verwezenlijking voorwerp behalve wet of statuten aan algemene vergadering voorbehouden…”
- Liquidation ruleIn a liquidation the creditors are paid first. What is left goes to the shareholders.
- “Ontbinding om welke reden en op welk ogenblik ook, algemene vergadering mag een of meerdere vereffenaars aanduiden,bevoegdheden omlijnen en…”
Articles of association, deed of 14-01-2022 (in Dutch)
Network & group
KNAPP shares no director with another company.
Connections & network
2 current directorsThe network starts from the directors of KNAPP. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
14-01
Gazette deed
Registered office moved within OostendeNew seat: Zandvoordestraat 75, 8400 Oostende · Previous seat: Marconistraat 11, 8400 Oostende · Resignations: VAN ROSSOM Jan (director) and DECROP Margareta (director)14 points ▸
- General meeting, 23-12-2021
- Amendment of the articles, mentioned 2 times in the deed
- Legal-form conversion, “besloten vennootschap” (deed in Dutch)
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Reserve release, “vormen en meerderheden van statutenwijziging, opheffing” (deed in Dutch)
- Other provision, “in verhouding tot aandelenbezit, vrijstelling volstortingsverplichting” (deed in Dutch)
- Registered-office move, Zandvoordestraat 75, 8400 Oostende
- Share issue, 750, “gelijk recht in winstverdeling” (deed in Dutch)
- Director resignation, VAN ROSSOM Jan (director)
- Director resignation, DECROP Margareta (director)
- Director appointment, SEYS Stephane (director)
- Director appointment, WALRAVE Jamie (director)
- The act holds 2 more points.
Show earlier events
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Codes under NACEBEL 2003
Text of the purpose
“De aankoop, productie, verdeling en verkoop van goederen die een gezonde fysische en psychische ontwikkeling bevorderen.”
Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0441.205.686
Financial year and general meeting
Accounts at the NBBRecognitions · licences · registrations
Food safety, FASFC
1 siteSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 35020B0012/00P000 | Flanders | 110 m² | 1 · 110 m² | 9.9 m · 2 |