KO IMMO
ActiveSummary
KO IMMO has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €6.0m and a net result of -€679,329. Equity remains stable across the filed fiscal years (±2.2% per year). Its solvency ranks better than 28% of 3241 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability15=
Solvency53=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €340,000 at 30 days acceptable
Liquidity ample (current ratio 26.22 against 0.64 in 2024; short-term debt: 1.7% and cash: 1.6% of total assets), but 72.4% of the assets are financed with debt.
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Signals
Seven 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 →
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
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
27.6%
Return on assets
-3.1%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
202122232425
2020 to 2025 · latest year -€679,329
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 09-06-2026, 52 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
52 d early
2024
54 d late
2023
30 d late
2022
124 d late
2021
118 d late
2020
60 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 56 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% 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.
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check Which other companies belong to the same group?MATHIMMO · 31 companies How does this company compare with its sector?Sector benchmark
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, full schema
In the rankings
#4 company by total assets in Waterloo, Professional and technical services sector#8 company by equity in Waterloo, Professional and technical services sector
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€679,329▲ 14.6%
2024 · -€795,472
Working capital
€9.1m
2024 · -€6.2m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy 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
Line20212022202320242025
Operating result-€164,504▼ 1,270%-€74,494▲ 54.7%-€115,167▼ 54.6%-€424,763▼ 269%-€230,094▲ 45.8%
Net result-€130,192below the sector's middle half▼ 984%-€11,230below the sector's middle half▲ 91.4%-€155,252below the sector's middle half▼ 1,282%-€795,472below the sector's middle half▼ 412%-€679,329below the sector's middle half▲ 14.6%
Equity€7.7mabove the sector's middle half▲ 256%€7.6mabove the sector's middle half▼ 0.1%€7.5mabove the sector's middle half▼ 2.0%€6.7mabove the sector's middle half▼ 10.6%€6.0mabove the sector's middle half▼ 10.2%
Total assets€7.7mabove the sector's middle half▲ 176%€8.3mabove the sector's middle half▲ 7.5%€13.5mabove the sector's middle half▲ 62.8%€24.0mabove the sector's middle half▲ 77.3%€21.8mabove the sector's middle half▼ 9.4%
Debt€82,122▼ 87.4%€674,738▲ 722%€6.1m▲ 797%€17.3m▲ 186%€15.7m▼ 9.1%
Working capital€3.0mabove the sector's middle half▲ 99.7%€2.4mabove the sector's middle half▼ 19.3%-€3.8mbelow the sector's middle half-€6.2mbelow the sector's middle half▼ 62.4%€9.1mabove the sector's middle half
Solvency98.9%above the sector's middle half▲ 22.2pp91.9%above the sector's middle half▼ 7.1pp55.3%within the sector's middle half▼ 36.6pp27.9%within the sector's middle half▼ 27.4pp27.6%within the sector's middle half▼ 0.2pp
Current ratio37.48above the sector's middle half▲ 34.174.58above the sector's middle half▼ 32.900.37below the sector's middle half▼ 4.210.64within the sector's middle half▲ 0.2726.22above the sector's middle half▲ 25.57
Return on assets (ROA)-1.7%below the sector's middle half▼ 1.3pp-0.1%below the sector's middle half▲ 1.5pp-1.1%below the sector's middle half▼ 1.0pp-3.3%below the sector's middle half▼ 2.2pp-3.1%below the sector's middle half▲ 0.2pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Why a figure moved sharply
- 2021 Net result -984% on 2020. The accounts now follow the full schema, last year the micro schema.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €230,094 in 2025 against €424,763 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €21.8m
Fixed assets
€12.3m ▼ 4.2%
Current assets
€9.4m ▼ 15.5%
Equity and liabilities €21.8m
Equity
€6.0m ▼ 10.2%
Debt
€15.7m ▼ 9.1%
Debt's share of the balance-sheet total rises from 72.1% to 72.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€166,576▲
2024 · -€421,487
Cash flow
-€615,811▲
2024 · -€792,196
Debt to equity
2.62▲
2024 · 2.59
ROE
-11.3%▲
2024 · -11.9%
Interest coverage
-0.26▲
2024 · -0.83
Debt ≤ 1 year
€359,292▼
2024 · €17.3m
Debt > 1 year
€15.4m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €2,486 | €3,276 | €63,518 | ▲ 1,839% |
| Other operating charges640/8 | €348 | €868 | - | €2,658 | €1,716 | ▼ 35.4% |
| Non-recurring operating charges66A | €12,500 | - | - | - | - | - |
| Gross operating margin9900 | -€151,656 | -€73,626 | -€112,681 | -€418,829 | -€164,860 | ▲ 60.6% |
| Operating profit (loss)9901 | -€164,504 | -€74,494 | -€115,167 | -€424,763 | -€230,094 | ▲ 45.8% |
| Financial income75/76B | €34,336 | €82,869 | €101,299 | €135,505 | €189,789 | ▲ 40.1% |
| Recurring financial income75 | €34,336 | €82,869 | €101,299 | €135,505 | €189,789 | ▲ 40.1% |
| Financial charges65/66B | €24 | €19,606 | €141,385 | €506,215 | €639,025 | ▲ 26.2% |
| Recurring financial charges65 | €24 | €19,606 | €141,385 | €506,215 | €639,025 | ▲ 26.2% |
| Profit (loss) for the period before taxes9903 | -€130,192 | -€11,230 | -€155,252 | -€795,472 | -€679,329 | ▲ 14.6% |
| Profit (loss) for the period9904 | -€130,192 | -€11,230 | -€155,252 | -€795,472 | -€679,329 | ▲ 14.6% |
| Profit (loss) for the period to be appropriated9905 | -€130,192 | -€11,230 | -€155,252 | -€795,472 | -€679,329 | ▲ 14.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €7.7m | €8.3m | €13.5m | €24.0m | €21.8m | ▼ 9.4% |
| Fixed assets21/28 | €4.7m | €5.2m | €11.3m | €12.9m | €12.3m | ▼ 4.2% |
| Tangible fixed assets22/27 | - | - | €95,794 | €92,518 | €29,000 | ▼ 68.7% |
| Land and buildings22 | - | - | €95,794 | €92,518 | €29,000 | ▼ 68.7% |
| Financial fixed assets28 | €4.7m | €5.2m | €11.2m | €12.8m | €12.3m | ▼ 3.7% |
| Current assets29/58 | €3.1m | €3.1m | €2.2m | €11.1m | €9.4m | ▼ 15.5% |
| Amounts receivable after more than one year29 | - | - | - | - | €8.8m | - |
| Trade receivables290 | - | - | - | - | €8.8m | - |
| Amounts receivable within one year40/41 | €3.0m | €3.1m | €2.2m | €10.1m | €279,909 | ▼ 97.2% |
| Trade receivables40 | - | - | - | - | €126,238 | - |
| Other amounts receivable41 | €3.0m | €3.1m | €2.2m | €10.1m | €153,671 | ▼ 98.5% |
| Cash at bank and in hand54/58 | €109,997 | €33,513 | €14,034 | €1.0m | €358,633 | ▼ 65.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €7.7m | €8.3m | €13.5m | €24.0m | €21.8m | ▼ 9.4% |
| Equity10/15 | €7.7m | €7.6m | €7.5m | €6.7m | €6.0m | ▼ 10.2% |
| Contributions10/11 | €7.8m | €7.8m | €7.8m | €7.8m | €7.8m | = |
| Capital10 | €7.8m | €7.8m | €7.8m | €7.8m | €7.8m | = |
| Issued capital100 | €7.8m | €7.8m | €7.8m | €7.8m | €7.8m | = |
| Profit (loss) carried forward14 | -€142,205 | -€153,436 | -€308,688 | -€1.1m | -€1.8m | ▼ 61.5% |
| Amounts payable17/49 | €82,122 | €674,738 | €6.1m | €17.3m | €15.7m | ▼ 9.1% |
| Amounts payable after more than one year17 | - | - | - | - | €15.4m | - |
| Financial debts170/4 | - | - | - | - | €1.4m | - |
| Other amounts payable178/9 | - | - | - | - | €14.0m | - |
| Amounts payable within one year42/48 | €82,122 | €674,738 | €6.1m | €17.3m | €359,292 | ▼ 97.9% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €105,971 | - |
| Trade debts44 | €82,122 | €105,292 | €87,079 | €32,023 | €43,883 | ▲ 37.0% |
| Suppliers440/4 | €82,122 | €105,292 | €87,079 | €32,023 | €43,883 | ▲ 37.0% |
| Other amounts payable47/48 | - | €569,446 | €6.0m | €17.3m | €209,437 | ▼ 98.8% |
| Accrued charges and deferred income492/3 | - | - | - | - | €3,830 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€130,192 | -€11,230 | -€155,252 | -€795,472 | -€679,329 | ▲ 14.6% |
| + Depreciation and write-downs630 | - | - | €2,486 | €3,276 | €63,518 | ▲ 1,839% |
| Operating cash flow (approximation) | -€130,192 | -€11,230 | -€152,766 | -€792,196 | -€615,811 | ▲ 22.3% |
| Investment in fixed assets (approximation) | - | -€566,862 | -€6.1m | -€1.6m | €472,118 | ▲ 130% |
| Change in cash | - | -€76,483 | -€19,479 | €1.0m | -€684,800 | ▼ 167% |
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
09-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Liquidity times 41current ratio 26.22
Current ratio from 0.64 to 26.22; short-term debt falls from €17.3m to €359,292.
23-09
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 54 days late
2024
31-12
Financial
Weakest financial yearnet -€795,472
Net result drops to -€795,472, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 30 days late
2023
02-12
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 124 days late
2022
26-11
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 118 days late
2021
31-12
Financial
Liquidity times 11current ratio 37.48
Current ratio from 3.31 to 37.48; short-term debt falls from €650,000 to €82,122.
31-12
Financial
Equity above €5mEq €7.7m ▲256%
Equity rises from €2.1m to €7.7m.
29-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 60 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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, Waterloo · 1 establishment unit since 2020
Ground area
7,205 m²
Building footprint
347 m²
Volume, LiDAR
2,211 m³
Parcel 25763I0362/00B000, Wallonia · tallest building 10.5 m, ±2 floors. Linked by address, not a title deed.
54
companies at this address
See who is registered here
1 establishment unit
KO IMMO
since 20202.306.450.360
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25763I0362/00B000 | Wallonia | 7,205 m² | 1 · 347 m² | 10.5 m · 2 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.
Structure & network
Part of the group
MATHIMMO
31 companies
Group, risk and exposure
Owners and holdings
2 owners · 14 holdingsChain of control
- MATHIMMO
- KO IMMO
Highest known parent: MATHIMMO. The sources do not say who stands above it.
Owners 2
- MATHIMMOparent92.7%
- Sourceown accounts 20257.3%
Holdings 14
- KO INVESTsubsidiaryEquity €327,991Result €77,267100%
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100%
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100%
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100%
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100%
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100%
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100%
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100%
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90%
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50%
Show 4 more holdings
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50%
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50%
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50%
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47.07%
According to the 2025 annual accounts of KO IMMO and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,626. 9,885 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded07-07-2020
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
68110Buying and selling of own real estate
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
E-invoicing
Reachable via Peppol
Peppol ID
0208:0749880373
Also
9925:BE0749880373
Registered
02-03-2026
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.