KOAL GROUP
ActiveKOAL GROUP has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €138k and a net result of €3k. Equity remains stable across the filed fiscal years (±1.9% per year). Its solvency ranks better than 89% of 27787 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
74
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability71=
Solvency100▲+2
Growth24=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10k at 30 days acceptable
Liquidity ample (current ratio 6.08 against 3.41 in 2024; short-term debt: 15.7% and cash: 2.5% of total assets), 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+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 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
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
1.8%
Age of the figures
9 mo
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
28 d late
2023
30 d late
2022
32 d late
2021
29 d late
2020
61 d late
2019
92 d late
← before the deadline
after the deadline →
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
23-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€995k▲ 2.8%
2019 · €968k
2018: €1.17M
2019: €968k
2018 → 2020
EBIT margin
5.7%▲ 5.2pp
2019 · 0.5%
2018: 2.4%
2019: 0.5%
2018 → 2020
Net result
€3k▼ 16.6%
2024 · €4k
2018: €27k
2019: €4k
2020: €-5k
2021: €20k
2022: €29k
2023: €37k
2024: €4k
2018 → 2025
Working capital
€130k▲ 6.1%
2024 · €123k
2018: €121k
2019: €106k
2020: €139k
2021: €89k
2022: €63k
2023: €114k
2024: €123k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€123k-€94k▼ 23.4%€131k▲ 39.3%€135k▲ 2.7%€138k▲ 2.2%
Operating result€30k-€39k▲ 29.7%€51k▲ 30.9%€8k▼ 84.1%€24k▲ 201%
Net result€20k-€29k▲ 41.0%€37k▲ 29.9%€4k▼ 90.3%€3k▼ 16.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 201% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €164k
Fixed assets
€8k▼ 36.7%
Current assets
€156k▼ 10.2%
Equity and liabilities €164k
Equity
€138k▲ 2.2%
Debt
€26k▼ 49.5%
The debt ratio falls from 27.4% to 15.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€28k▲
2024 · €19k
Cash flow
€6k▼
2024 · €14k
Solvency
84.3%▲
2024 · 72.6%
Current ratio
6.08▲
2024 · 3.41
Quick ratio
6.08▲
2024 · 3.41
Debt / equity
0.19▼
2024 · 0.38
ROE
2.2%▼
2024 · 2.7%
ROA
1.8%▼
2024 · 1.9%
Interest coverage
22.54▼
2024 · 39.66
Debt
€26k▼
2024 · €51k
Debt ≤ 1 year
€26k▼
2024 · €51k
Income taxes
€20k▲
2024 · €4k
Staff costs
€183k▼
2024 · €233k
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€186k€164k▼
Fixed assets21/28€12k€8k▼
Tangible fixed assets22/27€10k€6k▼
Land and buildings22€300€0▼
Plant, machinery and equipment23€0€1k▲
Furniture and vehicles24€10k€4k▼
Leasing and similar rights25€0€0=
Financial fixed assets28€2k€2k=
Current assets29/58€173k€156k▼
Amounts receivable after more than one year29€75k€75k=
Trade receivables290€75k€75k=
Amounts receivable within one year40/41€88k€77k▼
Trade receivables40€56k€36k▼
Other amounts receivable41€32k€40k▲
Cash at bank and in hand54/58€11k€4k▼
Equity and liabilities
Total equity and liabilities10/49€186k€164k▼
Equity10/15€135k€138k▲
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€115k€117k▲
Amounts payable17/49€51k€26k▼
Amounts payable within one year42/48€51k€26k▼
Trade debts44€22k€0▼
Suppliers440/4€22k€0▼
Taxes, remuneration and social security45€28k€26k▼
Taxes450/3€24k€21k▼
Remuneration and social security454/9€4k€5k▲
Income statement
Code20242025
Non-recurring operating income76A€200€4k▲
Remuneration, social security and pensions62€233k€183k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11k€3k▼
Other operating charges640/8€3k€24k▲
Gross operating margin9900€254k€234k▼
Operating profit (loss)9901€8k€24k▲
Financial income75/76B€37€12▼
Recurring financial income75€37€12▼
Financial charges65/66B€469€1k▲
Recurring financial charges65€469€1k▲
Profit (loss) for the period before taxes9903€8k€23k▲
Income taxes67/77€4k€20k▲
Profit (loss) for the period9904€4k€3k▼
Profit (loss) for the period to be appropriated9905€4k€3k▼
Appropriation of the result
Profit (loss) to be appropriated9906€115k€117k▲
Profit (loss) brought forward from the previous period14P€111k€115k▲
The notes to these accounts (9 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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Highest result since 2018net €37k ▲29.9%
Net result €37k, the highest in the series.
31-12
Financial
Equity above €100kEq €131k ▲39.3%
3 profitable years in a row build equity to €131k.
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 32 days late
2022
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
31-12
Financial
Back to profitnet €20k
Net result €20k after one loss-making year.
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 61 days late
2020
31-12
Financial
Weakest financial yearnet €-5k ▼240%
Net result drops to €-5k, the lowest in the series; recovery starts the following year.
31-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 92 days late
2019
30-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 122 days late
08-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 434 days late
2017
25-12
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 147 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
9 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, Beveren-Kruibeke-Zwijndrecht · 1 establishment unit since 2013
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.
Broekstraat 459150 Beveren-Kruibeke-ZwijndrechtGround area
352 m²
Building footprint
136 m²
Volume, LiDAR
978 m³
Parcel 46018A0357/00X000, Flanders · tallest building 11.2 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Koal Group
since 20132.220.980.393
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46018A0357/00X000 | Flanders | 352 m² | 1 · 136 m² | 11.2 m · 3 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.
Similar companies · same sector, comparable size
STAAL PLUS
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COOLS INTERIOR
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SCHRIJNWERK GEBR. BRIGOU
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Izegem · Eq €138k
STEINER CONCEPT
BE 0716.888.002
Liège · Eq €138k
TIMMERWERKEN VERSTRAETEN
BE 0718.799.296
Oudenaarde · Eq €138k
Of 20,026 companies in sector 43320 we hold annual accounts for 9,137. 7,666 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded25-07-2013
Fiscal year end31-12
Activities, NACEBEL
10110Manufacture of food products
10111Manufacture of food products
43320Joinery installation
43230Insulation installation
43240Other construction installation
43291Specialised construction activities
43299Specialised construction activities
43343Specialised construction activities
81300Landscape service activities
Sources
Crossroads Bank for EnterprisesNational Bank · 12 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.