KNOKVAR
ActiveKNOKVAR has been active since 1986 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.25M and a net result of €153k. Equity is growing by ~13.8% per year across the filed fiscal years. Its solvency ranks better than 89% of 1721 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
93
/ 100
Excellent= vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability61▼-25
Solvency100=
Growth78=
Stability100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €120k at 30 days acceptable
Liquidity ample (current ratio 4.38 against 3.36 in 2024), and 15.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 01
Relative position
BE, all sectors
reference
Sector 01
lower
← fewer bankruptcies
more bankruptcies →
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
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
84.3%
Return on assets
10.3%
Age of the figures
11 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 31-03-2026, 30 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
30 d early
2024
8 d early
2023
35 d early
2022
31 d early
2021
68 d early
2020
38 d early
2019
69 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
14-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€1.25M▲ 14.0%
2024 · €1.10M
2018: €504k
2019: €605k
2020: €657k
2021: €582k
2022: €615k
2023: €917k
2024: €1.10M
2018 → 2025
Total assets
€1.49M▲ 6.1%
2024 · €1.40M
2018: €1.72M
2019: €1.73M
2020: €1.62M
2021: €1.51M
2022: €1.43M
2023: €1.56M
2024: €1.40M
2018 → 2025
Net result
€153k▼ 18.8%
2024 · €189k
2018: €-95k
2019: €101k
2020: €51k
2021: €-75k
2022: €33k
2023: €301k
2024: €189k
2018 → 2025
Working capital
€684k▲ 45.4%
2024 · €470k
2018: €-161k
2019: €-64k
2020: €-164k
2021: €-260k
2022: €-177k
2023: €24k
2024: €470k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€582k-€615k▲ 5.7%€917k▲ 49.0%€1.10M▲ 19.9%€1.25M▲ 14.0%
Operating result€-63k-€37k€384k▲ 944%€356k▼ 7.3%€211k▼ 40.8%
Net result€-75k-€33k€301k▲ 805%€189k▼ 37.3%€153k▼ 18.8%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 41% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.49M
Fixed assets
€599k▼ 18.0%
Current assets
€886k▲ 32.4%
Equity and liabilities €1.49M
Equity
€1.25M▲ 14.0%
Debt
€233k▼ 22.5%
The debt ratio falls from 21.5% to 15.7%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€342k▼
2024 · €506k
Cash flow
€285k▼
2024 · €339k
Solvency
84.3%▲
2024 · 78.5%
Current ratio
4.38▲
2024 · 3.36
Quick ratio
3.54▲
2024 · 2.21
Debt / equity
0.19▼
2024 · 0.27
ROE
12.3%▼
2024 · 17.2%
ROA
10.3%▼
2024 · 13.5%
Interest coverage
53.39▲
2024 · 53.31
Debt
€233k▼
2024 · €300k
Debt ≤ 1 year
€202k▲
2024 · €199k
Debt > 1 year
€30k▼
2024 · €102k
Income taxes
€65k▼
2024 · €165k
Staff costs
€16k▼
2024 · €16k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.40M€1.49M▲
Fixed assets21/28€730k€599k▼
Tangible fixed assets22/27€730k€599k▼
Land and buildings22€650k€549k▼
Plant, machinery and equipment23€33k€19k▼
Furniture and vehicles24€47k€31k▼
Current assets29/58€669k€886k▲
Stocks and contracts in progress3€231k€170k▼
Stocks30/36€231k€170k▼
Amounts receivable within one year40/41€5k€19k▲
Trade receivables40€0€19k▲
Other amounts receivable41€5k€151▼
Current investments50/53€150€400k▲
Cash at bank and in hand54/58€431k€294k▼
Deferred charges and accrued income490/1€3k€3k▲
Equity and liabilities
Total equity and liabilities10/49€1.40M€1.49M▲
Equity10/15€1.10M€1.25M▲
Contributions10/11€248k€248k=
Revaluation surpluses12€0-
Reserves13€851k€1.00M▲
Non-distributable reserves130/1€1k€0▼
Reserves not available under the articles1311€1k€0▼
Distributable reserves133€850k€1.00M▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€300k€233k▼
Amounts payable after more than one year17€102k€30k▼
Financial debts170/4€102k€30k▼
Amounts payable within one year42/48€199k€202k▲
Current portion of amounts payable after more than one year42€98k€71k▼
Trade debts44€26k€49k▲
Suppliers440/4€26k€49k▲
Taxes, remuneration and social security45€45k€15k▼
Taxes450/3€42k€14k▼
Remuneration and social security454/9€2k€1k▼
Other amounts payable47/48€30k€67k▲
Income statement
Code20242025
Remuneration, social security and pensions62€16k€16k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€150k€131k▼
Other operating charges640/8€9k€10k▲
Non-recurring operating charges66A€242k€0▼
Gross operating margin9900€773k€368k▼
Operating profit (loss)9901€356k€211k▼
Financial income75/76B€7k€15k▲
Recurring financial income75€7k€15k▲
Financial charges65/66B€9k€6k▼
Recurring financial charges65€9k€6k▼
Profit (loss) for the period before taxes9903€354k€219k▼
Income taxes67/77€165k€65k▼
Profit (loss) for the period9904€189k€153k▼
Profit (loss) for the period to be appropriated9905€189k€153k▼
Appropriation of the result
Profit (loss) to be appropriated9906€189k€153k▼
Profit (loss) brought forward from the previous period14P€0-
Transfer to equity691/2€182k€153k▼
To other reserves6921€182k€153k▼
Profit to be distributed694/7€7k€0▼
Directors or managers695€7k€0▼
Social balance
Average headcount (FTE)90870.40.3▼
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-03
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
22-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-09
Financial
Liquidity triplescurrent ratio 3.36
Current ratio from 1.06 to 3.36; short-term debt falls from €443k to €199k.
30-09
Financial
Equity above €1MEq €1.10M ▲19.9%
3 profitable years in a row build equity to €1.10M.
26-03
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-09
Financial
Highest result since 2018net €301k ▲805%
Operating result €384k, net result €301k, both a record.
30-03
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-09
Financial
Back to profitnet €33k
Net result €33k after one loss-making year.
21-02
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
23-03
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
21-02
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
30-09
Financial
Back to profitnet €101k
Net result €101k after one loss-making year.
28-02
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
22-02
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
23-02
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.
Directors · office · real estate
Directors
3 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, Ledegem · 1 establishment unit since 1986
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Knokstraat 188880 LedegemGround area
1,244 m²
Building footprint
224 m²
Volume, LiDAR
1,125 m³
Parcel 36016B0475/00M000, Flanders · tallest building 7.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Knokstraat 18, 8880 Ledegem
since 19862.034.626.666
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36016B0475/00M000 | Flanders | 1,244 m² | 1 · 224 m² | 7.6 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2024 to 2025 · 2 entries · 2,405 EUR awarded · 2,405 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,482 EUR | 1,482 EUR |
| 2024 | 1 | 923 EUR | 923 EUR |
Schemes
Subsidie voor de reductie van antibioticagebruik
Investeringssteun voor land- en tuinbouwers
Recognitions · licences · registrations
Food safety, FASFC
1 siteLedegem2.034.626.666
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Of 902 companies in sector 01461 we hold annual accounts for 295. 228 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded14-10-1986
Fiscal year end30-09
Activities, NACEBEL
01462Crop and animal production, hunting and related service activities
01461Pig breeding farms
Sources
Crossroads Bank for EnterprisesNational Bank · 39 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.