Equity
€221,690 ▲ 7.8%
KOBAY paid out €22,579 in dividends. That is 59% of the 2025 profit.
KOBAY
Lifetime
9 annual accounts with figures on one time axispeak €196,261 (2022)
€153,086▼ 0.1%
lowest -€4,109 (2019)
€38,574▲ 26.4%
peak €221,690 (2025)
€221,690▲ 7.8%
€65,222▲ 111%
peak 2.8 FTE (2019)
-not published
Board3 names since 2019
2 directorsBAYRAKTAR MUHAMMET and 1 other
Documentsfilings and deeds
29-04-20261 day before the deadline
2025micro format
Result from €30,509 to €38,574Dividend €22,579Debts from €30,955 to €65,222Cash from €18,357 to €34,074
Key points
from the 2025 annual accountsTurnover
≈ €450,000 estimated
The accounts state no turnover.
Liquidity
3.81 was 6.16 in 2024
Short-term debts rose from €30,955 to €65,222.
Filings
9 annual accounts 1 late
The 2024 accounts came 15 days late. The other eight were filed on time.
At the same address
5 companies
Position in the sector
€221,690
More equity than 86% of companies in specialised construction. Sector median €57,703 · 35,137 companies.
Checked score
90
Excellent
Financially stronger than 66% of micro companies in specialised construction (NACE 43)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 47,693 companies (NACE 43, micro).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.0%
01-2025: 1.2%▲ +0.2 percentage points vs 12-2024
02-2025: 1.4%▲ +0.2 percentage points vs 01-2025
03-2025: 1.4%● unchanged vs 02-2025
04-2025: 1.5%▲ +0.1 percentage points vs 03-2025
05-2025: 2.1%▲ +0.6 percentage points vs 04-2025highest value
06-2025: 0.7%▼ -1.4 percentage points vs 05-2025
07-2025: 0.7%● unchanged vs 06-2025
08-2025: 0.7%● unchanged vs 07-2025
09-2025: 0.7%● unchanged vs 08-2025
10-2025: 0.7%● unchanged vs 09-2025
11-2025: 0.7%● unchanged vs 10-2025
12-2025: 0.7%● unchanged vs 11-2025
01-2026: 0.9%▲ +0.2 percentage points vs 12-2025
02-2026: 1.1%▲ +0.2 percentage points vs 01-2026
03-2026: 1.1%● unchanged vs 02-2026
04-2026: 1.2%▲ +0.1 percentage points vs 03-2026
05-2026: 0.2%▼ -1.0 percentage point vs 04-2026
06-2026: 0.2%● unchanged vs 05-2026
07-2026: 0.2%● unchanged vs 06-2026
08-2026: 0.2%● unchanged vs 07-2026
09-2026: 0.2%● unchanged vs 08-2026
10-2026: 0.2%● unchanged vs 09-2026lowest value
11-2026: 0.2%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
raises risk
Sector: Specialised construction activities (NACE 43)
Size: total assets €286,912
lowers risk
Liquidity: current ratio 3.81, cash €34,074
Equity €221,690 (77.3% of total assets)
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 43, micro). It does better than 90% of them on solvency, 54% on liquidity, 70% on profitability and 51% on growth.
The bankruptcy probability was computed on 09-11-2026 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 30-09-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% 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, 34,693 companies had the same profile as KOBAY has now. Each dot stands for 87 companies, two years later.
95.3%
were still trading
3.9%
stopped another way
0.7%
went bankrupt
That fits the bankruptcy probability of KOBAY itself: 0.2% within 12 months.
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.
| 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 34,693 companies, not a prediction for KOBAY. 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 €19,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 3.81 (6.16 in 2024), above the usual 1.5. Short-term debt is 22.7% and cash 11.9% of total assets. 22.7% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 29-04-2026, 1 day ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
1 day early
2024
15 days late
2023
50 days early
2022
45 days early
2021
24 days early
2020
24 days early
2019
62 days early
← 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 27 days before the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today. The company usually files around 6 April (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-09-2026 year end09-11-2026 today30-04-2027 deadline
Recent changes
Registered office moved from Heusden-Zolder to Beringen
New registered office: Kaaistraat 27, 3580 Beringen · Previous registered office: Beringersteenweg 2-2 te 3550 Heusden-Zolder · Changes of role: KOSTAKOGLU Harun (director) and BAYRAKTAR Muhammet (director) · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0642734767
Registered office moved to Heusden-Zolder
New registered office: Beringersteenweg 2-2 te 3550 Heusden-Zolder · Gazette deed
Merger: KOBAY takes over ELEKTRO RUMI
General meeting of 29-03-2019 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| KOBAY Beringen | €286,912 | €153,086 | 77.3% | - |
| AEVP Sint-Truiden | €315,131 | €147,748 | 36.2% | - |
| Smart Living Hasselt | €316,527 | €143,838 | 36.9% | - |
| TELECTRICS Oosterzele | €276,392 | €143,799 | 28.0% | - |
| ProjExc Bassenge | €272,139 | €136,941 | 35.5% | - |
| WINLUX Zaventem | €290,838 | €173,401 | 40.4% | - |
| Comfortair Begijnendijk | €307,674 | €142,852 | 12.9% | - |
These companies have the same main activity as KOBAY: general electrical installation work (NACE 43211). They are comparable in size and age: total assets between €272,000 and €317,000, founded between 2015 and 2016.
Official details
Source: KBO- Status
- Active since 09-11-2015Normal situation
- Activity
- General electrical installation workNACE 43211and 2 others
- Joint committees
- 145Horticulture
- 149.01Electricians: installation and distribution · annual accounts 30-09-2023
- Establishment unit
- 2.247.307.5793580 Beringen, since 09-11-2015
- Financial year end
- 30 September
- Peppol
- Reachable since 31-10-2023
Annual accounts to 30-09-2025
- €286,912▲ 21.2%
- Filing
- Filed on 29-04-2026, 1 day before the end of the filing period
Insights on KOBAY
KOBAY files the micro format. That format states no turnover. The gross margin rose from €51,652 in 2017 to €153,086 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about KOBAY
- What is the company number of KOBAY?
- The company number of KOBAY is 0642.734.767. The VAT number is the same number with BE in front: BE 0642.734.767.
- Where is KOBAY based?
- The registered office is at Kaaistraat 27, 3580 Beringen.Company details
- What does KOBAY do?
- According to the KBO register, the main activity is general electrical installation work (NACE 43211).
- What is the legal form of KOBAY?
- KOBAY is a private limited company (BV).
- When was KOBAY founded?
- KOBAY was founded on 09-11-2015.
- Is KOBAY still active?
- Yes, KOBAY is an active enterprise in the KBO register.
- How many employees does KOBAY have?
- KOBAY had an average of 2.9 full-time equivalents in financial year 2024, according to the filed annual accounts.Financials
- Which joint committee does KOBAY fall under?
- In its 30-09-2023 annual accounts, KOBAY states joint committees 145 (Horticulture) and 149.01 (Electricians: installation and distribution).
- What is the turnover of KOBAY?
- The turnover in financial year 2025 is ≈ €450,000. This figure is estimated from the gross margin of €153,086 and 38 comparable companies (NACE 43211). It probably lies between €310,000 and €560,000.
- Is KOBAY profitable?
- In financial year 2025, KOBAY made a profit of €38,574.
- Where can I find the annual accounts of KOBAY?
- KOBAY filed 9 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of KOBAY due?
- KOBAY must file the annual accounts for financial year 2026 by 30-04-2027.Timeline
Next steps
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