KO MESSANCY
ActiveSummary
The computed 12-month bankruptcy probability of KO MESSANCY is 5.2% (elevated). The 2024 annual accounts show equity of €20,000 and a net result of €177,585. Equity is shrinking by about 138% per year and would, assuming unchanged policy, indicatively turn negative around financial year 2025. Its solvency ranks better than 21% of 513 sector peers (NACE 93, financial year 2024). The company has been active since 2021 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
- Staff
- 4.1 FTE
- Equity
- €20,000
- Profit
- €177,585
- Parent
- KO GROUP · 100%
Why 37raises riskFigures for financial year 2024 (filed 30-09-2025)1 change of registered office in 24 months1 financial year not filed after the legal deadline; latest accounts 54 days late; 2 of the last 3 latelowers riskSector: Sports, amusement and recreation activities (NACE 93)Show the evidence
Checked score
About 5 in 100 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 93, micro): better than 27% on solvency, 8% on liquidity, 84% on profitability and 43% on growth.
The bankruptcy probability was computed on 15-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 3 accounts on average 122 days after the deadline; the sector median (NACE 93) for financial year 2024 is 1 day before the deadline, and 42% of those companies filed late.
Searched, nothing found (1)
- Permanent representatives: Pierre-Édouard Stérin and Anneleen…Power of attorney
- Appointment: FORVIS MAZARS REVISEURS D’ENTREPRISES SRL…Permanent representatives: Guillaume VANHOLLEBEKE and…
- Annual accounts filedfinancial year 2024 · full…
Financials · financial year 2024, full format
2025 annual accounts not yet filed, deadline passed on 31 July 2026 Financial year closed on 31 December 2025; filing due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 16 October 2026.
2022 to 2024, 3 financial years
The operating result has risen two years in a row; 2024 is 178% above 2023 and is the highest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 93, Sports, amusement and recreation activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Peer companies
Historical observationOf the 2,157 companies that looked in July 2024 the way this one looks now, 3.0% went bankrupt within 24 months and 94.1% are still going.
- Micro
- 2 to 5 years old
- solvency under 10%
- a profit of 5% of the balance sheet or more
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 5.2% 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 497,474 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 74.5% 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 2,157 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.
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Turnover70 | - | - | €1.4m | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | €0.6m | - |
| Remuneration, social security and pensions62 | €0.1m | €0.4m | €0.4m | ▲ 4.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.06m | €0.1m | €0.1m | ▲ 4.4% |
| Other operating charges640/8 | €186 | €0.008m | €0.04m | ▲ 355% |
| Non-recurring operating charges66A | - | €1 | - | - |
| Gross operating margin9900 | €0.3m | €0.6m | €0.8m | ▲ 35.7% |
| Operating profit (loss)9901 | €0.08m | €0.09m | €0.2m | ▲ 178% |
| Financial charges65/66B | €0.002m | - | €0 | - |
| Recurring financial charges65 | €0.002m | - | €0 | - |
| Profit (loss) for the period before taxes9903 | €0.07m | €0.09m | €0.2m | ▲ 178% |
| Income taxes67/77 | €0.02m | €0.02m | €0.07m | ▲ 254% |
| Profit (loss) for the period9904 | €0.06m | €0.07m | €0.2m | ▲ 158% |
| Profit (loss) for the period to be appropriated9905 | €0.06m | €0.07m | €0.2m | ▲ 158% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €1.0m | €1.1m | €1.0m | ▼ 9.2% |
| Formation expenses20 | €0.001m | €0.001m | €347 | ▼ 35.4% |
| Fixed assets21/28 | €0.9m | €1.0m | €0.9m | ▼ 9.0% |
| Tangible fixed assets22/27 | €0.9m | €1.0m | €0.9m | ▼ 9.0% |
| Plant, machinery and equipment23 | €0.9m | €1.0m | €0.9m | ▼ 9.6% |
| Furniture and vehicles24 | €0.003m | €0.002m | €0.002m | ▼ 25.8% |
| Leasing and similar rights25 | €0 | €0.004m | €0.01m | ▲ 135% |
| Financial fixed assets28 | - | - | €21 | - |
| Current assets29/58 | €0.06m | €0.1m | €0.1m | ▼ 11.1% |
| Stocks and contracts in progress3 | - | €0.01m | €0.002m | ▼ 84.1% |
| Stocks30/36 | - | €0.01m | €0.002m | ▼ 84.1% |
| Amounts receivable within one year40/41 | €0.002m | €0.03m | €0.04m | ▲ 9.0% |
| Trade receivables40 | €0.001m | €0.03m | €0.03m | ▲ 3.7% |
| Other amounts receivable41 | €0.001m | €0.001m | €0.003m | ▲ 188% |
| Cash at bank and in hand54/58 | €0.06m | €0.07m | €0.05m | ▼ 24.3% |
| Deferred charges and accrued income490/1 | - | €0.01m | €0.02m | ▲ 70.1% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €1.0m | €1.1m | €1.0m | ▼ 9.2% |
| Equity10/15 | €0.08m | €0.02m | €0.02m | = |
| Contributions10/11 | €0.02m | €0.02m | €0.02m | = |
| Profit (loss) carried forward14 | €0.06m | €0 | €0 | - |
| Amounts payable17/49 | €0.9m | €1.1m | €1.0m | ▼ 9.4% |
| Amounts payable within one year42/48 | €0.9m | €1.1m | €1.0m | ▼ 9.4% |
| Trade debts44 | €0.02m | €0.1m | €0.1m | ▲ 17.9% |
| Suppliers440/4 | €0.02m | €0.1m | €0.1m | ▲ 17.9% |
| Advances received on contracts in progress46 | €0.008m | €0.02m | €0.004m | ▼ 78.3% |
| Taxes, remuneration and social security45 | €0.04m | €0.07m | €0.1m | ▲ 44.5% |
| Taxes450/3 | €0.03m | €0.04m | €0.08m | ▲ 101% |
| Remuneration and social security454/9 | €0.01m | €0.03m | €0.03m | ▼ 24.0% |
| Other amounts payable47/48 | €0.8m | €0.9m | €0.7m | ▼ 15.7% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €55,314 | €68,929 | €177,585 | ▲ 158% |
| + Depreciation and write-downs630 | €59,601 | €111,739 | €116,603 | ▲ 4.4% |
| Operating cash flow (approximation) | €114,915 | €180,668 | €294,188 | ▲ 62.8% |
| Investment in fixed assets (approximation) | - | -€173,654 | -€29,916 | ▲ 82.8% |
| Change in cash | - | €3,932 | -€15,981 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (3)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2024 | full format | 23-09-2025 | 2025-00511235 |
| 31-12-2023 | full format | 04-07-2024 | 2024-00221403 |
| 31-12-2022 | full format | 04-07-2024 | 2024-00239761 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Statutory auditor 1
Mandate history
- Statutory auditor
| Name | Functions and periods |
|---|---|
| SRL Forvis Mazars Reviseurs d’Entreprises |
|
Owners and capital
Owners
1 ownerChain of control
- KO GROUP
- KO MESSANCY
Highest known parent: KO GROUP. The sources do not say who stands above it.
Owners 1
- KO GROUPparentSourceaccounts KO GROUP 2024100%
Sources: the companies' annual accounts, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. 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 include these statements in its annual accounts, or does not have to, is not listed.
Group and network
Connections & network
The network starts from this company’s shareholders. What else they own or run appears here as nodes.
History
Acts, filings and financial milestones
06-10
Gazette deed
Permanent representatives: Pierre-Édouard Stérin and Anneleen DelmotePower of attorney6 facts ▸
- Permanent representative, Pierre-Édouard Stérin
- Permanent representative, Anneleen Delmote
- Power of attorney, Arnaud Vanitterbeek
- Power of attorney, Lancelot Clément de Cléty
- Power of attorney, Meryam Eutamene
- Power of attorney, Elise Delsart
26-05
Gazette deed
Appointment: FORVIS MAZARS REVISEURS D’ENTREPRISES SRL (statutory auditor)Permanent representatives: Guillaume VANHOLLEBEKE and STÉRIN Pierre-Edouard · Registered-office move · Amendment of the articles8 facts ▸
- General meeting, “assemblée générale extraordinaire” (deed in French)
- Registered-office move, Avenue Orban 214, 1150 Woluwe-Saint-Pierre
- Auditor appointment, FORVIS MAZARS REVISEURS D’ENTREPRISES SRL
- Permanent representative, Guillaume VANHOLLEBEKE
- Permanent representative, STÉRIN Pierre-Edouard
- Amendment of the articles, 2
- Power of attorney
- Power of attorney, John de BROUCHOVEN de BERGEYCK
12-06
Gazette deed
Permanent representatives: Edouard Malnoy and Benoît Verlinden3 facts ▸
- General meeting, 29-04-2025
- Permanent representative, Edouard Malnoy (représentant permanent pour l'exercice de ses fonctions d'administrateur unique)
- Permanent representative, Benoît Verlinden (représentant permanent pour l'exercice de ses fonctions d'administrateur unique)
About the unread acts
Of the 6 Belgian Official Gazette deeds we know for this company, 3 have been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 16 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Recognitions · licences · registrations
Food safety, FASFC
1 siteEnvironmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21683D0238/00M002 | Brussels | 361 m² | 1 · 110 m² | 11.6 m · 3 |