KNOT
ActiveSummary
The computed 12-month bankruptcy probability of KNOT is 4.1% (elevated). The 2025 annual accounts show equity of €8,705 and a net result of €2,058. Equity is shrinking by ~26.3% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2028. Its solvency ranks better than 36% of 13683 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability73▲+59
Solvency39▲+4
Growth58=
Track record94
Bankruptcy probability, 12 months
4.1%
Elevated
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Liquidity short (current ratio 0.67 against 0.57 in 2024; short-term debt: 85.5% and cash: 13.3% of total assets), and 85.5% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-07-2026, 3 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
3 d early
2024
on the day
2023
21 d late
2022
6 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 3 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 53% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 30 July (4 of the last 4 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€8,705▲ 31.0%
2024 · €6,646
Total assets
€60,210▼ 7.1%
2024 · €64,778
Net result
€2,058
2024 · -€10,091
Working capital
-€17,007▲ 31.7%
2024 · -€24,883
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2022202320242025
Operating result-€53,126-€634-€8,816€3,505
Net result-€53,341below the sector's middle half-€78within the sector's middle half-€10,091below the sector's middle half€2,058within the sector's middle half
Equity€16,659within the sector's middle half-€16,737within the sector's middle half▲ 0.5%€6,646within the sector's middle half▼ 60.3%€8,705within the sector's middle half▲ 31.0%
Total assets€85,388within the sector's middle half-€82,001within the sector's middle half▼ 4.0%€64,778within the sector's middle half▼ 21.0%€60,210within the sector's middle half▼ 7.1%
Debt€68,728-€65,264▼ 5.0%€58,132▼ 10.9%€51,505▼ 11.4%
Working capital-€32,716below the sector's middle half--€22,246within the sector's middle half▲ 32.0%-€24,883within the sector's middle half▼ 11.9%-€17,007within the sector's middle half▲ 31.7%
Solvency19.5%within the sector's middle half-20.4%within the sector's middle half▲ 0.9pp10.3%within the sector's middle half▼ 10.2pp14.5%within the sector's middle half▲ 4.2pp
Current ratio0.52within the sector's middle half-0.66within the sector's middle half▲ 0.130.57within the sector's middle half▼ 0.090.67within the sector's middle half▲ 0.10
Return on assets (ROA)-62.5%below the sector's middle half-0.1%within the sector's middle half▲ 62.6pp-15.6%below the sector's middle half▼ 15.7pp3.4%within the sector's middle half▲ 19.0pp
Staff (FTE)3.3-6.8▲ 106%8.1▲ 19.1%10.8▲ 33.3%
above
within
below
the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €3,505 after a loss of €8,816 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €60,210
Fixed assets
€25,711 ▼ 18.5%
Current assets
€34,498 ▲ 3.8%
Equity and liabilities €60,210
Equity
€8,705 ▲ 31.0%
Debt
€51,505 ▼ 11.4%
Debt's share of the balance-sheet total falls from 89.7% to 85.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€14,458▲
2024 · €2,168
Cash flow
€13,011▲
2024 · €893
Quick ratio
0.35▲
2024 · 0.27
Debt to equity
5.92▼
2024 · 8.75
ROE
23.6%▲
2024 · -151.8%
Interest coverage
9.99▲
2024 · 1.70
Debt ≤ 1 year
€51,505▼
2024 · €58,132
Staff costs
€91,125▲
2024 · €84,941
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,372 companies that looked in July 2024 the way this one looks now, 1.9% went bankrupt within 24 months and 97% are still going.
- Small
- 5 to 10 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
1.9%
went bankrupt
1.4%
stopped otherwise
97%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 4.1% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 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 2,372 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 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €170,944 | €97,211 | €84,941 | €91,125 | ▲ 7.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €15,583 | €11,079 | €10,984 | €10,953 | ▼ 0.3% |
| Other operating charges640/8 | €5,483 | €3,234 | €5,052 | €3,913 | ▼ 22.5% |
| Gross operating margin9900 | €138,884 | €112,158 | €92,161 | €109,495 | ▲ 18.8% |
| Operating profit (loss)9901 | -€53,126 | €634 | -€8,816 | €3,505 | ▲ 140% |
| Financial income75/76B | €1 | €2 | €0 | €0 | ▲ 122% |
| Recurring financial income75 | €1 | €2 | €0 | €0 | ▲ 122% |
| Financial charges65/66B | €216 | €558 | €1,275 | €1,447 | ▲ 13.5% |
| Recurring financial charges65 | €216 | €558 | €1,275 | €1,447 | ▲ 13.5% |
| Profit (loss) for the period before taxes9903 | -€53,341 | €78 | -€10,091 | €2,058 | ▲ 120% |
| Profit (loss) for the period9904 | -€53,341 | €78 | -€10,091 | €2,058 | ▲ 120% |
| Profit (loss) for the period to be appropriated9905 | -€53,341 | €78 | -€10,091 | €2,058 | ▲ 120% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €85,388 | €82,001 | €64,778 | €60,210 | ▼ 7.1% |
| Fixed assets21/28 | €49,375 | €39,145 | €31,529 | €25,711 | ▼ 18.5% |
| Intangible fixed assets21 | €35,357 | €28,929 | €22,500 | €16,071 | ▼ 28.6% |
| Tangible fixed assets22/27 | €14,018 | €10,216 | €9,029 | €9,640 | ▲ 6.8% |
| Plant, machinery and equipment23 | €3,179 | €2,278 | €1,074 | €4,263 | ▲ 297% |
| Furniture and vehicles24 | €9,442 | €6,884 | €5,244 | €3,230 | ▼ 38.4% |
| Other tangible fixed assets26 | €1,397 | €1,055 | €2,711 | €2,147 | ▼ 20.8% |
| Current assets29/58 | €36,013 | €42,856 | €33,249 | €34,498 | ▲ 3.8% |
| Stocks and contracts in progress3 | €8,750 | €16,225 | €17,535 | €16,700 | ▼ 4.8% |
| Stocks30/36 | €8,750 | €16,225 | €17,535 | €16,700 | ▼ 4.8% |
| Amounts receivable within one year40/41 | €8,644 | €5,442 | €2,164 | €8,583 | ▲ 297% |
| Trade receivables40 | €8,274 | €5,072 | €1,478 | €6,812 | ▲ 361% |
| Other amounts receivable41 | €370 | €370 | €686 | €1,771 | ▲ 158% |
| Cash at bank and in hand54/58 | €18,358 | €16,644 | €12,907 | €7,995 | ▼ 38.1% |
| Deferred charges and accrued income490/1 | €261 | €4,545 | €643 | €1,220 | ▲ 89.7% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €85,388 | €82,001 | €64,778 | €60,210 | ▼ 7.1% |
| Equity10/15 | €16,659 | €16,737 | €6,646 | €8,705 | ▲ 31.0% |
| Contributions10/11 | €70,000 | €70,000 | €70,000 | €70,000 | = |
| Profit (loss) carried forward14 | -€53,341 | -€53,263 | -€63,354 | -€61,295 | ▲ 3.2% |
| Amounts payable17/49 | €68,728 | €65,264 | €58,132 | €51,505 | ▼ 11.4% |
| Amounts payable within one year42/48 | €68,728 | €65,103 | €58,132 | €51,505 | ▼ 11.4% |
| Trade debts44 | €2,829 | €8,435 | €8,896 | €9,387 | ▲ 5.5% |
| Suppliers440/4 | €2,829 | €8,435 | €8,896 | €9,387 | ▲ 5.5% |
| Taxes, remuneration and social security45 | €17,911 | €10,716 | €4,918 | €7,119 | ▲ 44.7% |
| Taxes450/3 | €4,469 | €2,762 | €2,752 | €1,859 | ▼ 32.4% |
| Remuneration and social security454/9 | €13,442 | €7,954 | €2,167 | €5,260 | ▲ 143% |
| Other amounts payable47/48 | €47,989 | €45,952 | €44,317 | €34,999 | ▼ 21.0% |
| Accrued charges and deferred income492/3 | - | €161 | - | - | - |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€53,341 | €78 | -€10,091 | €2,058 | ▲ 120% |
| + Depreciation and write-downs630 | €15,583 | €11,079 | €10,984 | €10,953 | ▼ 0.3% |
| Operating cash flow (approximation) | -€37,757 | €11,157 | €893 | €13,011 | ▲ 1,356% |
| Investment in fixed assets (approximation) | - | -€849 | -€3,369 | -€5,135 | ▼ 52.4% |
| Change in cash | - | -€1,714 | -€3,737 | -€4,912 | ▼ 31.4% |
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
2026
28-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €2,058
Net result €2,058 after one loss-making year.
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
21-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 21 days late
2023
31-12
Financial
Back to profitnet €78
Net result €78 after one loss-making year.
25-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Nivelles · 1 establishment unit since 2021
Ground area
159 m²
Building footprint
86 m²
Volume, LiDAR
1,219 m³
Parcel 25782D0452/00F000, Wallonia · tallest building 17.0 m, ±5 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Le canotier
since 20212.318.604.163
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25782D0452/00F000 | Wallonia | 159 m² | 1 · 86 m² | 16.9 m · 5 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteNivelles2.318.604.163
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Of 20,509 companies in sector 56111 we hold annual accounts for 11,467. 6,615 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
Founded23-06-2021
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
47260Retail trade
56112Limited-service restaurants, excluding mobile food services
56301Cafés and bars
68201Renting and operating of own or leased residential real estate, excluding social housing
77223Rental and leasing activities
Contact
E-mail
pollet_andre@hotmail.comNivelles
Phone
+32473277699Nivelles
E-invoicing
Reachable via Peppol
Peppol ID
0208:0769985901
Also
9925:BE0769985901
Registered
01-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.