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KO-INVEST

Active Private limited company (pre-2019)founded 2015active for 11 yearsKorte Vuldersstraat 31, 8000 BrugesKBO/BCE: BE 0597.635.212
KO-INVEST
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Overview

Lifetime

11 annual accounts with figures on one time axis
peak €69,614 (2025)
€69,614▲ 2.3%
lowest -€106,394 (2025)
-€106,394▼ €123,866
peak €222,962 (2024)
€180,420▼ 19.1%
€1.0m▲ 70.5%
Board1 name since 2021
1 directorKolijn Stephane
Documentsfilings and deeds
04-08-20264 days late
2025micro format
UBO non-compliance 14-03Loss of €106,394Equity from €222,962 to €180,420Debts from €590,426 to €1.0mInvestments €510,000

Key points

from the 2025 annual accounts

Result

-€106,394 -€106,394
€17,5002024-€106,0002025

From profit to loss in 2025, after a profit of €17,472 in 2024.

Debts

€1.0m 85% of the balance sheet
Financial debts 82%Suppliers 2%Other 17%

Of this, €182,439 falls due within a year.

Investments

€510,000 8.6 × depreciation
20242025

Green is investment, beige is depreciation. Land and buildings stand 64.0% higher than in 2024.

Liquidity

0.16 was 0.73 in 2024

Short-term debts rose from €145,434 to €182,439.

Filings

11 annual accounts since 2015
AprilJune31 JulyOctober201520202025

Nine of the last ten came late. The 2019 accounts came latest: 424 days after the end of the period.

Position in the sector

-€106,394

Lower net result than 95% of companies in food and beverage service. Sector median €4,882 · 17,121 companies.

Checked score

49
Fair
Financially stronger than 32% of micro companies in food and beverage service (NACE 56)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
3.4% Moderate
0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 1.8% across 23,788 companies (NACE 56, micro).

About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: 9.0% 01-2025: 11.3%▲ +2.3 percentage points vs 12-2024 02-2025: 11.3%● unchanged vs 01-2025 03-2025: 11.4%▲ +0.1 percentage points vs 02-2025 04-2025: 18.1%▲ +6.7 percentage points vs 03-2025highest value 05-2025: 18.1%● unchanged vs 04-2025 06-2025: 17.8%▼ -0.3 percentage points vs 05-2025 07-2025: 6.2%▼ -11.6 percentage points vs 06-2025 08-2025: 5.4%▼ -0.8 percentage points vs 07-2025 09-2025: 5.4%● unchanged vs 08-2025 10-2025: 5.4%● unchanged vs 09-2025 11-2025: 5.4%● unchanged vs 10-2025 12-2025: 5.4%● unchanged vs 11-2025 01-2026: 5.6%▲ +0.2 percentage points vs 12-2025 02-2026: 5.6%● unchanged vs 01-2026 03-2026: 5.4%▼ -0.2 percentage points vs 02-2026 04-2026: 5.3%▼ -0.1 percentage points vs 03-2026 05-2026: 5.1%▼ -0.2 percentage points vs 04-2026 06-2026: 4.9%▼ -0.2 percentage points vs 05-2026 07-2026: 4.7%▼ -0.2 percentage points vs 06-2026 08-2026: 6.6%▲ +1.9 percentage points vs 07-2026 09-2026: 3.8%▼ -2.8 percentage points vs 08-2026 10-2026: 3.4%▼ -0.4 percentage points vs 09-2026lowest value 11-2026: 3.4%● unchanged vs 10-2026lowest value

Financial strength
Weak

40-12equity 15.2% of total assets
48-42short-term debt 15.4% · cash 1.2%
8-63return on assets -9.0%

Score breakdown

raises risk
Sector: Food and beverage service activities (NACE 56)
Loss of €106,394 (financial year 2025)
Last filed accounts filed 4 days late; 1 of the last 3 accounts late
lowers risk
Size: total assets €1.2m
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 37% of them on solvency, 45% on liquidity, 20% on profitability and 25% on growth.

The bankruptcy probability was computed on 08-11-2026 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.

The probability rests on the annual accounts with balance sheet date 31-12-2025.

Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.

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).

Comparable companies, two years later

In July 2024, 1,423 companies had the same profile as KO-INVEST has now. Each dot stands for 4 companies, two years later.

96.5%
were still trading
2.2%
stopped another way
1.0%
went bankrupt
  • Small
  • 10 to 20 years old
  • solvency 10 to 30%
  • a small loss

Another 0.4% stopped without a precise date, possibly only after those two years.

The bankruptcy probability of KO-INVEST itself is higher: 3.4% within 12 months. It rests on far more data about KO-INVEST than the profile alone.

Test of the method

The method was tested on the 497,447 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.

The companies in ten equal groups, from the lowest to the highest expected share
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 1,423 companies, not a prediction for KO-INVEST. 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.

Credit verdict

Credit of up to €8,000 on 30-day terms is acceptable

Liquidity is insufficient, with a current ratio of 0.16 (0.73 in 2024), below 1. Short-term debt is 15.4% and cash 1.2% of total assets. 84.8% of the assets are financed with debt and provisions.

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Six signals.
lowers riskraises risk
raises risk · Sector: Food and beverage service activities (NACE 56)
KBO
lowers risk · Size: total assets €1.2m
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
raises risk · Loss of €106,394 (financial year 2025)
NBB · annual accounts
raises risk · Last filed accounts filed 4 days late; 1 of the last 3 accounts late
NBB · filings
raises risk · 2025 accounts filed 4 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 04-08-2026, 4 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filings
Deviation from the deadline
2025
4 days late
2024
48 days early
2023
301 days late
2022
61 days late
2021
78 days late
2020
110 days late
2019
424 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 133 days after 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.

raises risk · Administrative warnings in the KBO publications
The FPS Economy published 1 notice about the company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publications
Publications
UBO non-compliance
Searched, nothing found (1)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 30 September (4 of the last 5 accounts filed within 109 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline

Board and ownership

KS
Kolijn Stephane
Director
Board & ownership

Recent changes

Registered in the Peppol Directory Reachable for e-invoices through 0208:0597635212
UBO non-compliance effective 03-03-2025 · KBO administration
New establishment in Bruges 't Zand 26
First establishment Korte Vuldersstraat 31, Bruges
All 23 events

Comparable companies

same main activity, similar in size and age
Company
KO-INVEST Bruges €1.2m €69,614 15.2% -
Alssine SPRL Anderlecht €1.3m €48,844 19.9% -
LOIRA Beersel €0.9m €97,763 -1.2% 0.6
De Heppie Store Pajottegem €0.9m €89,007 5.6% -
BMC Knokke Knokke-Heist €0.9m €92,361 -95.3% -
RMCC GROUP Berchem-Sainte-Agathe €1.1m €43,632 66.7% 0
DE ZWAAN GELMEN Sint-Truiden €1.3m €87,775 25.4% -

These companies have the same main activity as KO-INVEST: cafés and bars (NACE 56301). They are comparable in size and age: total assets between €913,000 and €1.3m, founded between 2008 and 2017.

Official details

Source: KBO
Status
Active since 03-02-2015Normal situation
Activity
Cafés and barsNACE 56301and 6 others
Establishment units
2.241.813.8178000 Bruges, since 01-05-2015
2.303.135.8318000 Bruges, since 01-02-2020
Financial year end
31 December
Peppol
Reachable since 11-05-2026
Company details

Annual accounts 2025

€69,614▲ 2.3%
≈ €250,000estimated
€106,394
€180,420▼ 19.1%
€1.2m▲ 46.0%
Filing
Filed on 04-08-2026
Financials

Insights on KO-INVEST

KO-INVEST files the micro format. That format states no turnover. The gross margin rose from €12,287 in 2015 to €69,614 in 2025.

The balance sheet grew most from 2023 to 2025 through fixed assets.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2025

micro format, filed on 04-08-2026, 4 days late
€69,614
▲ 2.3%
-€81,385
▼ €94,987
-€106,394
▼ €123,866
-€153,391
▼ €113,848
15.2%
▼ 12.2 percentage points
0.16
▼ 0.57

Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.

Turnover ≈ €250,000. Estimated: probably between €210,000 and €330,000.

Balance sheet

balance sheet total €1.2m on 31-12-2025
What the company ownsHow it is paid for

in euro

Position in the sector

Compare with sector

15.2%

Higher than 38% of 17,145 companies in 2025.

0.16

Higher than 7% of 16,571 companies in 2025.

-9.0%

Higher than 23% of 16,654 companies in 2025.

KO-INVEST Middle half of the sector 80% of the sector Micro accounts in food and beverage service (NACE 56)

Net result: bottom quarter · Equity: top quarter · Balance sheet total: top quarter · Working capital: bottom quarter

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend20252024202320222021202020192018201720162015
Balance sheet: assets
20/58 1.2m813,387532,330531,805542,833582,415581,240218,801248,229254,790241,499
21/28 1.2m707,497461,119488,984516,848544,713572,577209,824220,374227,762238,312
22/27 1.2m704,335457,957485,822513,686541,551569,415206,662217,212227,762238,312
22 1.2m704,335457,957485,822513,686541,551569,415206,662217,212227,762238,312
28 3,1623,1623,1623,1623,1623,1623,1623,1623,162--
29/58 29,048105,89071,21142,82125,98537,7028,6638,97827,85527,0283,187
3 ----2,1122,1122,112----
30/36 ----2,1122,1122,112----
40/41 14,40078,41150,56122,0272,6732,2335,7675,1921,9261,3821,337
40 14,40075,29047,44015,000-9299296226221,382-
41 -3,1213,1217,0272,6731,3044,8384,5701,304-1,337
54/58 14,648-014454912,7083013,78625,92925,646150
490/1 -27,47920,65020,65020,65020,650484---1,700
Balance sheet: equity and liabilities
10/49 1.2m813,387532,330531,805542,833582,415581,240218,801248,229254,790241,499
10/15 180,420222,962-18,761-43,297-49,719-17,039-24,834-8,7909,327358-13,428
10/11 19,20019,20019,20019,20019,20019,20019,20019,20019,20019,20019,200
100 -------19,20019,20019,20019,200
12 249,485224,250---------
13 49,515----------
133 49,515----------
14 -137,780-20,488-37,961-62,497-68,919-36,239-44,034-27,990-9,873-18,842-32,628
17/49 1.0m590,426551,091575,102592,552599,454606,074227,591238,902254,432254,927
17 824,432444,992524,432548,618570,128570,469580,409149,500159,250169,000178,750
170/4 824,432444,992375,936400,122422,503422,503432,544149,500159,250169,000178,750
178/9 -0148,496148,496147,625147,966147,866----
42/48 182,439145,43426,65920,51922,42428,98525,66577,99179,65285,43276,177
42 50,77521,18012,11618,45220,90926,39023,1529,7509,7509,7509,750
43 -01,547--------
430/8 -01,547--------
44 15,6735,8578,3367271751,2552,5132,0391,9078,255-
440/4 15,6735,8578,3367271751,2552,5132,0391,9078,255-
46 ---------1,564-
45 -69,9011,3401,3401,3401,340--1,3451,137-
450/3 -69,9011,3401,3401,3401,340--1,3451,137-
47/48 115,99148,4963,320----66,20266,64964,72766,427
492/3 --05,965---100---
Income statement
76A 2,068----------
9900 69,61468,05764,59945,7385,62047,64323,600-1,82025,69030,51312,287
630 59,25452,62227,86427,86427,86427,86428,21810,55010,55010,55039,080
640/8 69,9701,8326972,2646821,4272,7507721,035769469
66A 21,776----------
9901 -81,38513,60236,03715,610-22,92718,351-7,369-13,14214,10519,194-27,261
75/76B -7862--331133915--
75 -7622--331133915--
76B -24---------
65/66B 16,7948,3868,6579,1888,77510,8878,8084,9845,1505,4085,367
65 16,7948,3868,6579,1888,77510,8878,8084,9845,1505,4085,367
9903 -98,1796,00227,3826,422-31,7027,795-16,045-18,1178,96913,786-32,628
780 -6,829---------
67/77 8,215-4,6412,845-978------
9904 -106,39417,47224,5366,422-32,6807,795-16,045-18,1178,96913,786-32,628
9905 -106,39417,47224,5366,422-32,6807,795-16,045-18,1178,96913,786-32,628
Appropriation of the result
9906 -137,780-20,488-37,961-62,497-68,919-36,239-44,034-27,990-9,873-18,842-32,628
14P -31,386-37,961-62,497-68,919-36,239------
Document PDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDF

The notes to these accounts have 10 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 04-08-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank

2025 annual accounts filed 4 days after the deadline. Filed on 4 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00379374.

Financial year Type Filed Reference Document
31-12-2025 micro format 04-08-2026 2026-00379374 PDF
31-12-2024 micro format 13-06-2025 2025-00135959 PDF
31-12-2023 micro format 28-05-2025 2025-00116823 PDF
31-12-2022 abbreviated format 30-09-2023 2023-00468810 PDF
31-12-2021 micro format 17-10-2022 2022-20465643 PDF
31-12-2020 micro format 18-11-2021 2021-77700413 PDF
31-12-2019 micro format 28-09-2021 2021-70400380 PDF
31-12-2018 micro format 22-10-2019 2019-71400539 PDF
31-12-2017 micro format 26-09-2018 2018-65200380 PDF
31-12-2016 micro format 26-09-2017 2017-62900016 PDF
31-12-2015 abbreviated format 19-10-2016 2016-65800343 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend20252024202320222021202020192018201720162015
-22,13266,22463,90143,4744,93846,21620,849-2,59224,65529,74411,818
-47,14070,09452,40134,287-4,81635,65912,174-7,56719,51924,3366,452
510,00000000390,97203,1620276,408
---144-405-12,15812,407-3,485-22,14328325,496-
-153,391-39,54344,55222,3023,5618,717-17,002-69,013-51,796-58,404-72,990
15.2%27.4%-3.5%-8.1%-9.2%-2.9%-4.3%-4.0%3.8%0.1%-5.6%
0.160.732.672.091.161.300.340.120.350.320.04
0.160.732.672.091.061.230.260.120.350.320.04
5.582.65------25.61--
-59.0%7.8%------96.2%--
-9.0%2.1%4.6%1.2%-6.0%1.3%-2.8%-8.3%3.6%5.4%-13.5%
-1.327.907.384.730.56------

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Investments

fixed assets acquired
Item20252024202320222021
Tangible fixed assets€510,000€0---
€59,254€52,622€27,864€27,864€27,864

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Insights on KO-INVEST

The operating result for 2025 is a loss of €81,385, after a profit of €13,602 in 2024. It is the lowest result since 2015.

Debt's share of the balance-sheet total rises from 72.6% to 84.8%. Equity is lower and debt is higher.

Board & ownership

Board

1 director
Kolijn Stephane
Director
listed in the 2024 annual accounts, filed on 13-06-2025

Office holders in the KBO →

Mandates through the years

1 name, the dashed line is today
Kolijn Stephane
Director
Boardmandate already running before its first mention
Mandates as a list
  • Kolijn Stephane
    • Director, since before 31-12-2021

See the board, name and registered office on a given date →

Control

See the annual accounts at the National Bank and the publications in the Belgian Official Gazette.

Capital

Contribution
€19,200
Source
2025 annual accounts

Network & group

No group

KO-INVEST has no parent and no holdings in its annual accounts. Kolijn Stephane is the only director. KO-INVEST shares no director with another company.

At the same address

Korte Vuldersstraat 31, 8000 Bruges · 4 other companies
HDS
registered office since 12-08-2011 · founded in 2005
 0.3 FTE (2025)
0874.030.178
BRUGES CENTRAL HOSTEL
registered office since 26-11-2012 · founded in 2012
 0.4 FTE (2021)
0501.537.411
CNC MACHINING
registered office since 17-05-2017 · founded in 2017
 total assets €71,309 (2024)
0675.780.885
Inside Out
registered office since 07-09-2006
 founded in 2006
0883.377.416

Timeline

Timeline

23 events since 2015

Deadline for the 2026 accounts: 31-07-2027

2026
Annual accounts 2025 filed NBBmicro format · 4 days late
Registered in the Peppol Directory Reachable for e-invoices through 0208:0597635212
2025
Weakest financial year net -€106,394 The net result drops to -€106,394, the lowest from 2015 to 2025.
Annual accounts 2024 filed PDFmicro format · 48 days before the deadline
Annual accounts 2023 filed PDFmicro format · 301 days late
UBO non-compliance effective 03-03-2025
2024
Equity above €200,000 equity €222,962 After 3 profitable years in a row, equity reaches €222,962.
2023
Highest result from 2015 to 2025 net €24,536 ▲282% The operating result of €36,037 and the net result of €24,536 are both a record.
Annual accounts 2022 filed PDFabbreviated format · 61 days late
2022
Back to profit net €6,422 The net result is €6,422, after one loss-making year.
Annual accounts 2021 filed PDFmicro format · 78 days late
2021
Annual accounts 2020 filed PDFmicro format · 110 days late
Annual accounts 2019 filed PDFmicro format · 424 days late
2020
Back to profit net €7,795 The net result is €7,795, after 2 loss-making years.
Liquidity more than triples current ratio 1.30 The current ratio rises from 0.34 to 1.30.
New establishment in Bruges 't Zand 26
2019
Annual accounts 2018 filed PDFmicro format · 83 days late
2018
Annual accounts 2017 filed PDFmicro format · 57 days late
2017
Annual accounts 2016 filed PDFmicro format · 57 days late
2016
Back to profit net €13,786 The net result is €13,786, after one loss-making year.
Annual accounts 2015 filed PDFabbreviated format · 80 days late
2015
First establishment Korte Vuldersstraat 31, Bruges
Incorporation PDFpublished on 05-02-2015

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

On 3 February 2015, KO-INVEST was incorporated.1 Total assets went from €218,801 in 2018 to €1.2m in 2025.2

  1. 1KBO register
  2. 2National Bank, annual accounts 2018 and 2025

Company details

Identity

Enterprise number
0597.635.212
VAT number
BE 0597.635.212
Peppol ID
0208:0597635212
Legal form
Private limited company (pre-2019)
Status
Active, normal situation
Founded
03-02-2015
Financial year
ends on 31 December
Peppol
Reachable since 11-05-2026Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
KO-INVEST in Dutch
Entity type
Legal entity

Activities

NACEBEL 2025
56301 Cafés and bars main activity
33120 Repair and maintenance of machinery
43221 Plumbing work
43910 Bricklaying and masonry work
66199 Other activities auxiliary to financial services, excluding insurance and pension funding
68121 Development of residential building projects
68122 Development of non-residential building projects
Codes under NACEBEL 2008
56301 Cafés and bars main activity
33120 Repair, maintenance and installation of machinery and equipment
41101 Real estate development
41102 Construction of residential and non-residential buildings
43221 Plumbing
43994 Specialised construction activities
66199 Activities auxiliary to financial services and insurance activities

Registered office and establishments

2 establishments
Establishment Since Unit number
Korte Vuldersstraat 31 registered office 8000 Bruges 3312003 Repair and maintenance of machinery 01-05-2015 2.241.813.817
't Zand 26 8000 Bruges 01-02-2020 2.303.135.831

Buildings and parcels at the addresses

Ground area
377 m²
Buildings
364 m²
Volume, LiDAR
4,538 m³
Tallest building
18.2 m
Buildings to scale, each on its own parcel
197 m², 18.0 m 167 m², 18.2 m 197 m², 18.0 m 167 m², 18.2 m

Location

registered office establishment All 2 establishment units on the map
5 companies at this address See who is registered here

Parcels

Cadastral parcelArea Buildings Height / floors
31803C1316/00L000210 m² 1 · 197 m² 18.0 m · 5
31803C1302/00E000167 m² 1 · 167 m² 18.2 m · 4

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 0597.635.212

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