Summary
KOBAG has a registered holding activity and consists mainly of financial fixed assets; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €53,723 and a net result of €1,907. Equity is shrinking by about 7.8% per year across the filed financial years. Its solvency ranks better than 40% of 38,834 sector peers (NACE 70, financial year 2025). The company has been active since 2011 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Activity
Business and other management consultancy
NACE 70200
1 site
Size
€123,116total assets 2025
- Equity
- €53,723
- Profit
- €1,907
Turnover not published (micro format)
Financial health
Holding: outside the score modelBankruptcy probability: sector outside the model
Structure
Accounts 88 days early0 of 2 deeds read
SignalsneutralLatest accounts filed on timeShow the evidence
Checked score
Outside the general model
Holding: general score not applicable
The company has a registered holding activity and financial fixed assets account for more than half of its assets. The general operating-company model is unsuitable for this profile, so we show no financial axes either. Filed figures remain available.
Bankruptcy probability, 12 months
This is a financial institution (bank, insurer or financial holding). A bank balance sheet works differently from that of an ordinary trading or manufacturing company. We therefore show no bankruptcy probability rather than a misleading figure.
Credit check for your own amount and term
Show the recommended maximum and see how the verdict changes with amount, term and advance.
Signals
1 signal.
neutral
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 04-05-2026, 88 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
88 days early
2024
18 days late
2023
22 days late
2022
32 days early
2021
122 days early
2020
23 days late
2019
25 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 22 days before the deadline; the sector median (NACE 70) for financial year 2024 is 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
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 29 June (4 of the last 5 filed years within 56 days of that day).
Companies Code · seven monthsWhere today falls in the filing period
16-10-2026 today31-12-2026 year end31-07-2027 deadline
- Annual accounts filedfinancial year 2025 · micro…
- Back to profitnet €1,907
- Annual accounts filedfinancial year 2024 · micro…
Financials · financial year 2025, micro format
Equity
€53,723▲ 3.7%
2024 · €51,816
Total assets
€123,116▲ 8.5%
2024 · €113,492
Net result
€1,907
2024 · -€21,249
Working capital
-€47,277▲ 4.0%
2024 · -€49,230
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result returns to profit in 2025: €2,583 after a loss of €20,608 in 2024, 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.
Operating result€2,583
2025
Net result€1,907
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€123,116
2025
Equity€53,723
2025
Debt€69,393
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€47,277
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)1.5%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency43.6%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio0.31
2025
Average staff in full-time equivalents (FTE).
Staff (FTE)1
2023
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 70, Activities of head offices; management consultancy 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).
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€29,118-€53,862▲ 85.0%€59,380▲ 10.2%-€6,059-€6,784▼ 12.0%-€18,088▼ 167%-€20,608▼ 13.9%€2,583
Net result€14,060-€35,334▲ 151%€41,035within the sector's middle half▲ 16.1%-€6,255below the sector's middle half-€7,666below the sector's middle half▼ 22.6%-€18,617below the sector's middle half▼ 143%-€21,249below the sector's middle half▼ 14.1%€1,907below the sector's middle half
Equity€45,833-€80,367▲ 75.3%€105,603within the sector's middle half▲ 31.4%€99,348within the sector's middle half▼ 5.9%€91,682within the sector's middle half▼ 7.7%€73,065within the sector's middle half▼ 20.3%€51,816within the sector's middle half▼ 29.1%€53,723within the sector's middle half▲ 3.7%
Total assets€200,165-€284,886▲ 42.3%€243,249within the sector's middle half▼ 14.6%€144,488within the sector's middle half▼ 40.6%€144,733within the sector's middle half▲ 0.2%€123,479within the sector's middle half▼ 14.7%€113,492within the sector's middle half▼ 8.1%€123,116within the sector's middle half▲ 8.5%
Debt€154,331-€204,519▲ 32.5%€137,646▼ 32.7%€45,141▼ 67.2%€53,051▲ 17.5%€50,414▼ 5.0%€61,677▲ 22.3%€69,393▲ 12.5%
Working capital-€27,352--€138,872▼ 408%-€51,421below the sector's middle half▲ 63.0%-€1,462below the sector's middle half▲ 97.2%-€11,844below the sector's middle half▼ 710%-€28,410below the sector's middle half▼ 140%-€49,230below the sector's middle half▼ 73.3%-€47,277below the sector's middle half▲ 4.0%
Solvency22.9%-28.2%▲ 5.3pp43.4%within the sector's middle half▲ 15.2pp68.8%within the sector's middle half▲ 25.3pp63.3%within the sector's middle half▼ 5.4pp59.2%within the sector's middle half▼ 4.2pp45.7%within the sector's middle half▼ 13.5pp43.6%within the sector's middle half▼ 2.0pp
Current ratio0.73-0.19▼ 0.530.56below the sector's middle half▲ 0.370.96below the sector's middle half▲ 0.400.77below the sector's middle half▼ 0.190.42below the sector's middle half▼ 0.350.19below the sector's middle half▼ 0.240.31below the sector's middle half▲ 0.12
Return on assets (ROA)7.0%-12.4%▲ 5.4pp16.9%within the sector's middle half▲ 4.5pp-4.3%below the sector's middle half▼ 21.2pp-5.3%below the sector's middle half▼ 1.0pp-15.1%below the sector's middle half▼ 9.8pp-18.7%below the sector's middle half▼ 3.6pp1.5%below the sector's middle half▲ 20.3pp
Staff (FTE)0.8-0.8=0.81▲ 25.0%1=
above
within
below
the middle half of NACE 70, Activities of head offices; management consultancy 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.
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €123,116
Fixed assets
€102,011 =
Current assets
€21,105 ▲ 84.6%
Equity and liabilities €123,116
Equity
€53,723 ▲ 3.7%
Debt
€69,393 ▲ 12.5%
Debt's share of the balance-sheet total rises from 54.3% to 56.4%. Equity and debt are higher.
Key figures and ratios
ROE
3.5%▲
2024 · -41.0%
Debt ≤ 1 year
€68,382▲
2024 · €60,665
Income taxes
€493▲
2024 · €469
Staff costs
-€119▼
2024 · €10,950
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | - | €17,510 | €26,445 | €10,950 | -€119 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11,949 | €28,952 | €13,844 | €2,908 | €2,050 | €2,051 | €429 | €46 | ▼ 89.2% |
| Other operating charges640/8 | - | - | - | - | €854 | €1,480 | €1,266 | €1,361 | ▲ 7.5% |
| Gross operating margin9900 | €67,005 | €114,922 | €82,190 | €2,317 | €13,629 | €11,888 | -€7,964 | €3,871 | - |
| Operating profit (loss)9901 | €29,118 | €53,862 | €59,380 | -€6,059 | -€6,784 | -€18,088 | -€20,608 | €2,583 | - |
| Financial income75/76B | - | - | - | - | €0 | €0 | €0 | €10 | - |
| Recurring financial income75 | €0 | €361 | €1,176 | €1,176 | €0 | €0 | €0 | €10 | - |
| Financial charges65/66B | - | - | - | - | €390 | €68 | €172 | €193 | ▲ 12.5% |
| Recurring financial charges65 | €2,371 | €2,096 | €2,864 | €1,041 | €390 | €68 | €172 | €193 | ▲ 12.5% |
| Profit (loss) for the period before taxes9903 | €26,747 | €52,126 | €57,692 | -€5,924 | -€7,175 | -€18,156 | -€20,780 | €2,399 | - |
| Income taxes67/77 | €12,687 | €16,792 | €16,656 | €331 | €492 | €461 | €469 | €493 | ▲ 5.0% |
| Profit (loss) for the period9904 | €14,060 | €35,334 | €41,035 | -€6,255 | -€7,666 | -€18,617 | -€21,249 | €1,907 | - |
| Profit (loss) for the period to be appropriated9905 | €14,060 | €35,334 | €41,035 | -€6,255 | -€7,666 | -€18,617 | -€21,249 | €1,907 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €200,165 | €284,886 | €243,249 | €144,488 | €144,733 | €123,479 | €113,492 | €123,116 | ▲ 8.5% |
| Fixed assets21/28 | €127,705 | €251,680 | €178,332 | €106,587 | €104,537 | €102,486 | €102,057 | €102,011 | = |
| Tangible fixed assets22/27 | €25,832 | €79,808 | €6,459 | €4,715 | €2,664 | €613 | €185 | €139 | ▼ 25.0% |
| Plant, machinery and equipment23 | - | - | - | - | €277 | €231 | €185 | €139 | ▼ 25.0% |
| Furniture and vehicles24 | - | - | - | - | €2,387 | €382 | €0 | - | - |
| Financial fixed assets28 | €101,872 | €171,872 | €171,872 | €101,872 | €101,872 | €101,872 | €101,872 | €101,872 | = |
| Current assets29/58 | €72,460 | €33,206 | €64,917 | €37,902 | €40,196 | €20,993 | €11,435 | €21,105 | ▲ 84.6% |
| Amounts receivable within one year40/41 | €26,176 | €17,485 | €51 | €21,384 | €29,227 | €17,270 | €8,352 | €2,480 | ▼ 70.3% |
| Trade receivables40 | - | - | - | - | €17,359 | €16,117 | €7,538 | €2,366 | ▼ 68.6% |
| Other amounts receivable41 | - | - | - | - | €11,867 | €1,153 | €814 | €114 | ▼ 85.9% |
| Cash at bank and in hand54/58 | €45,422 | €11,874 | €48,479 | €4,152 | €6,410 | €1,234 | €1,258 | €18,152 | ▲ 1,342% |
| Deferred charges and accrued income490/1 | - | - | - | - | €4,560 | €2,489 | €1,825 | €474 | ▼ 74.1% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €200,165 | €284,886 | €243,249 | €144,488 | €144,733 | €123,479 | €113,492 | €123,116 | ▲ 8.5% |
| Equity10/15 | €45,833 | €80,367 | €105,603 | €99,348 | €91,682 | €73,065 | €51,816 | €53,723 | ▲ 3.7% |
| Contributions10/11 | €6,200 | €6,200 | - | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €39,486 | €73,886 | €98,886 | €92,886 | €92,886 | €78,226 | €78,226 | €78,226 | = |
| Non-distributable reserves130/1 | - | - | - | - | €1,860 | €0 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | - | €1,860 | €0 | - | - | - |
| Distributable reserves133 | - | - | - | - | €91,026 | €78,226 | €78,226 | €78,226 | = |
| Profit (loss) carried forward14 | €147 | €281 | €517 | €262 | -€7,404 | -€11,361 | -€32,610 | -€30,703 | ▲ 5.8% |
| Amounts payable17/49 | €154,331 | €204,519 | €137,646 | €45,141 | €53,051 | €50,414 | €61,677 | €69,393 | ▲ 12.5% |
| Amounts payable after more than one year17 | €54,520 | €32,441 | €18,797 | €4,765 | €0 | - | - | - | - |
| Financial debts170/4 | - | - | - | - | €0 | - | - | - | - |
| Amounts payable within one year42/48 | €99,812 | €172,079 | €116,338 | €39,364 | €52,040 | €49,403 | €60,665 | €68,382 | ▲ 12.7% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €0 | - | - | - | - |
| Financial debts43 | - | - | - | - | €69 | €437 | €20 | €21 | ▲ 5.0% |
| Credit institutions430/8 | - | - | - | - | €69 | €437 | €20 | €21 | ▲ 5.0% |
| Trade debts44 | €36,446 | €92,507 | €18,958 | €1,775 | €842 | €3,592 | €2,842 | €547 | ▼ 80.8% |
| Suppliers440/4 | - | - | - | - | €842 | €3,592 | €2,842 | €547 | ▼ 80.8% |
| Taxes, remuneration and social security45 | - | - | - | - | €6,239 | €8,625 | €0 | €2,423 | - |
| Taxes450/3 | - | - | - | - | €916 | €1,303 | €0 | €2,423 | - |
| Remuneration and social security454/9 | - | - | - | - | €5,323 | €7,322 | €0 | - | - |
| Other amounts payable47/48 | - | - | - | - | €44,890 | €36,749 | €57,804 | €65,392 | ▲ 13.1% |
| Accrued charges and deferred income492/3 | - | - | - | - | €1,011 | €1,011 | €1,011 | €1,011 | = |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €14,060 | €35,334 | €41,035 | -€6,255 | -€7,666 | -€18,617 | -€21,249 | €1,907 | - |
| + Depreciation and write-downs630 | €11,949 | €28,952 | €13,844 | €2,908 | €2,050 | €2,051 | €429 | €46 | ▼ 89.2% |
| Operating cash flow (approximation) | €26,009 | €64,286 | €54,880 | -€3,347 | -€5,616 | -€16,566 | -€20,820 | €1,953 | - |
| Investment in fixed assets (approximation) | - | -€152,928 | €59,504 | €68,837 | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€33,548 | €36,605 | -€44,328 | €2,258 | -€5,175 | €24 | €16,893 | ▲ 70,113% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 14 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 04-05-2026 | 2026-00103119 |
| 31-12-2024 | micro format | 18-08-2025 | 2025-00379370 |
| 31-12-2023 | micro format | 22-08-2024 | 2024-00358483 |
| 31-12-2022 | micro format | 29-06-2023 | 2023-00172225 |
| 31-12-2021 | micro format | 31-03-2022 | 2022-09600098 |
| 31-12-2020 | micro format | 23-08-2021 | 2021-51700133 |
| 31-12-2019 | micro format | 25-08-2020 | 2020-44300369 |
| 31-12-2018 | micro format | 26-08-2019 | 2019-50400452 |
| 31-12-2017 | micro format | 19-07-2018 | 2018-35200405 |
| 31-12-2016 | micro format | 20-07-2017 | 2017-33600552 |
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Of the 82,258 active companies whose main activity is business and other management consultancy (NACE 70200), figures are known for 53,856. 39,479 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Directors
No directors read yet: 0 of 2 Gazette acts processed. See the directors and other office holders in the KBO →
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
History
Acts, filings and financial milestones
Next filing, financial year 2026, expected by
2026
04-05
NBB filing
Annual accounts filed
financial year 2025 · micro format
2025
31-12
Financial
Back to profitnet €1,907
Net result €1,907 after 4 loss-making years.
18-08
NBB filing
Annual accounts filed
financial year 2024 · micro format · 18 days late
2024
31-12
Financial
Weakest financial yearnet -€21,249
Net result drops to -€21,249, the lowest in the series; recovery starts the following year.
22-08
NBB filing
Annual accounts filed
financial year 2023 · micro format · 22 days late
2023
29-06
NBB filing
Annual accounts filed
financial year 2022 · micro format
2022
31-03
NBB filing
Annual accounts filed
financial year 2021 · micro format
2021
23-08
NBB filing
Annual accounts filed
financial year 2020 · micro format · 23 days late
2020
31-12
Financial
Highest result from 2018 to 2025net €41,035 ▲16.1%
Operating result €59,380, net result €41,035, both a record.
31-12
Financial
Equity above €100,000equity €105,603 ▲31.4%
A profit in every financial year since 2018 builds equity to €105,603.
25-08
NBB filing
Annual accounts filed
financial year 2019 · micro format · 25 days late
2019
26-08
NBB filing
Annual accounts filed
financial year 2018 · micro format · 26 days late
2018
19-07
NBB filing
Annual accounts filed
financial year 2017 · micro format
2017
20-07
NBB filing
Annual accounts filed
financial year 2016 · micro format
Financial milestoneNBB filingFinancial milestones sit on the financial year-end date, not the filing date.Of the 14 annual accounts filed, the latest 10 are here; all 14 are under Financials.
0 of 2 deeds read
About the unread acts
We know of 2 Belgian Official 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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Register details
Identification
Legal formPrivate limited company
Founded12-07-2011
Financial year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
64210Activities of holding companies
70100Activities of head offices
73300Public relations and communication consultancy
Contact
Phone
092215745Oostende
E-invoicing
Reachable via Peppol
Peppol ID
0208:0837776726
Also
9925:BE0837776726
Registered
03-11-2025
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.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
Location & real-estate footprint
Registered office, Oostende · 1 establishment unit since 2011
Ground area
565 m²
Building footprint
175 m²
Building volume
2,073 m³
2 parcels, Flanders · tallest building 21.6 m. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
KOBAG
since 2011unit no. 2.204.470.894
2 parcels
Flanders
2
(100%)
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 35384A0446/14R009 | Flanders | 304 m² | 1 · 68 m² | 12.5 m · 3 |
| 35386D0246/00H004 | Flanders | 260 m² | 1 · 108 m² | 21.6 m · 5 |
How the parcels are linked
Good to know
Both parcels match the address exactly.