KOBA Invest
ActiveSummary
KOBA Invest has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €961k and a net result of €167k. Equity is growing by ~115.1% per year across the filed fiscal years. Its solvency ranks better than 43% of 9716 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2024
65
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability68▲+17
Solvency49▼-7
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €60k at 30 days acceptable
Liquidity short (current ratio 0.91 against 1.67 in 2023; short-term debt: 10.3% and cash: 0.4% of total assets), and 75.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five 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 68
Relative position
BE, all sectors
reference
Sector 68
lower
← 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 2024Solvency, return and age of the figures
Solvency
24.1%
Return on assets
4.2%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 08-09-2025, 39 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 · 6 filingsDeviation from the deadline
2025
not confirmed
2024
39 d late
2023
8 d late
2022
32 d early
2021
61 d early
2020
43 d early
2019
31 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€961k▲ 21.0%
2023 · €794k
2019: €18k
2020: €80k
2021: €156k
2022: €224k
2023: €794k
2019 → 2024
Total assets
€3.98M▲ 57.1%
2023 · €2.53M
2019: €699k
2020: €683k
2021: €979k
2022: €1.18M
2023: €2.53M
2019 → 2024
Net result
€167k▲ 565%
2023 · €25k
2019: €-730
2020: €62k
2021: €76k
2022: €68k
2023: €25k
2019 → 2024
Working capital
€-37k
2023 · €152k
2019: €-30k
2020: €-19k
2021: €-45k
2022: €64k
2023: €152k
2019 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€80k-€156k▲ 95.4%€224k▲ 43.8%€794k▲ 254%€961k▲ 21.0%
Operating result€103k-€123k▲ 18.9%€104k▼ 15.2%€67k▼ 35.4%€244k▲ 262%
Net result€62k-€76k▲ 23.0%€68k▼ 10.3%€25k▼ 63.3%€167k▲ 565%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 262% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €3.98M
Fixed assets
€3.61M ▲ 67.2%
Current assets
€373k ▼ 1.0%
Equity and liabilities €3.98M
Equity
€961k ▲ 21.0%
Debt
€3.02M ▲ 73.5%
Debt's share of the balance-sheet total rises from 68.7% to 75.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€413k▲
2023 · €164k
Cash flow
€336k▲
2023 · €121k
Current ratio
0.91▼
2023 · 1.67
Quick ratio
0.51▼
2023 · 1.28
Debt to equity
3.14▲
2023 · 2.19
ROE
17.4%▲
2023 · 3.2%
ROA
4.2%▲
2023 · 1.0%
Interest coverage
5.29▲
2023 · 3.73
Debt ≤ 1 year
€410k▲
2023 · €225k
Debt > 1 year
€2.61M▲
2023 · €1.51M
Staff costs
€52k▲
2023 · €46k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 47 lines
Balance sheet
Code20232024
Assets
Total assets20/58€2.53M€3.98M▲
Fixed assets21/28€2.16M€3.61M▲
Tangible fixed assets22/27€2.16M€3.61M▲
Land and buildings22€2.04M€3.42M▲
Plant, machinery and equipment23€101k€171k▲
Furniture and vehicles24€12k€14k▲
Current assets29/58€377k€373k▼
Stocks and contracts in progress3€89k€163k▲
Stocks30/36€89k€163k▲
Amounts receivable within one year40/41€213k€188k▼
Trade receivables40€112k€182k▲
Other amounts receivable41€101k€6k▼
Cash at bank and in hand54/58€74k€14k▼
Deferred charges and accrued income490/1€2k€8k▲
Equity and liabilities
Total equity and liabilities10/49€2.53M€3.98M▲
Equity10/15€794k€961k▲
Contributions10/11€564k€564k=
Reserves13€231k€398k▲
Distributable reserves133€231k€398k▲
Amounts payable17/49€1.74M€3.02M▲
Amounts payable after more than one year17€1.51M€2.61M▲
Financial debts170/4€1.51M€2.61M▲
Amounts payable within one year42/48€225k€410k▲
Current portion of amounts payable after more than one year42€133k€196k▲
Trade debts44€61k€196k▲
Suppliers440/4€61k€196k▲
Taxes, remuneration and social security45€27k€18k▼
Taxes450/3€24k€12k▼
Remuneration and social security454/9€4k€6k▲
Other amounts payable47/48€4k€558▼
Income statement
Code20232024
Non-recurring operating income76A€2k-
Remuneration, social security and pensions62€46k€52k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€96k€170k▲
Other operating charges640/8€48k€22k▼
Gross operating margin9900€258k€488k▲
Operating profit (loss)9901€67k€244k▲
Financial income75/76B€2k€997▼
Recurring financial income75€2k€997▼
Financial charges65/66B€44k€78k▲
Recurring financial charges65€44k€78k▲
Profit (loss) for the period before taxes9903€25k€167k▲
Profit (loss) for the period9904€25k€167k▲
Profit (loss) for the period to be appropriated9905€25k€167k▲
Appropriation of the result
Profit (loss) to be appropriated9906€25k€167k▲
Transfer to equity691/2€25k€167k▲
To other reserves6921€25k€167k▲
Social balance
Average headcount (FTE)90871.01.0=
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
2025
08-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 39 days late
2024
31-12
Financial
Highest result since 2019net €167k ▲565%
Operating result €244k, net result €167k, both a record.
08-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 8 days late
2023
31-12
Financial
Equity above €500kEq €794k ▲254%
4 profitable years in a row build equity to €794k.
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Liquidity triplescurrent ratio 1.26
Current ratio from 0.50 to 1.26.
31-12
Financial
Equity above €200kEq €224k ▲43.8%
3 profitable years in a row build equity to €224k.
31-05
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Equity above €150kEq €156k ▲95.4%
2 profitable years in a row build equity to €156k.
18-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €62k
Net result €62k after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Lokeren · 2 establishment units since 2018
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.
Bouwstraat 149160 LokerenGround area
1.1 ha
Building footprint
6,524 m²
Volume, LiDAR
600 m³
2 parcels, Flanders · tallest building 13.7 m, ±4 floors. Linked by address, not a title deed.
2 establishment units
Lange Nieuwstraat 26, 2000 Antwerpen
since 20182.278.659.563
Koba Invest
since 20242.367.365.766
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46384D0699/00H000indicative | Flanders | 1.1 ha | 1 · 6,477 m² | 0.1 m |
| 11803C1472/00B000 | Flanders | 54 m² | 1 · 47 m² | 13.7 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
1 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2024 to 2025 · 2 entries · 15,000 EUR awarded · 15,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 7,500 EUR | 7,500 EUR |
| 2024 | 1 | 7,500 EUR | 7,500 EUR |
Schemes
Subsidies voor internationaal ondernemen
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Of 12,022 companies in sector 68203 we hold annual accounts for 5,986. 4,156 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded11-04-2018
Fiscal year end31-12
Activities, NACEBEL 2025
68203Renting and operating of own or leased non-residential real estate, excluding land
46389Wholesale of other food products
50100Water transport
50300Water transport
68201Renting and operating of own or leased residential real estate, excluding social housing
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.