KOBE PROJECTS
ActiveSummary
KOBE PROJECTS has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €341k and a net result of €-25k. Equity is growing by ~4.6% per year across the filed fiscal years. Its solvency ranks better than 78% of 9234 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability12▼-5
Solvency94▼-3
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €22k at 30 days acceptable
Liquidity ample (current ratio 9.32 against 19.52 in 2024; short-term debt: 9.8% and cash: 1.1% of total assets), and 31.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-25k
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 20-07-2026, 11 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
11 d early
2024
20 d early
2023
20 d early
2022
32 d early
2021
31 d early
2020
36 d early
2019
37 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€341k▼ 6.8%
2024 · €366k
2018: €274k
2019: €261k▼ -5.0% vs 2018lowest in 8 years
2020: €276k▲ +5.6% vs 2019
2021: €267k▼ -3.2% vs 2020
2022: €382k▲ +43.0% vs 2021highest in 8 years
2023: €372k▼ -2.6% vs 2022
2024: €366k▼ -1.6% vs 2023
2025: €341k▼ -6.8% vs 2024
2018 → 2025
Total assets
€496k▼ 1.9%
2024 · €505k
2018: €390k
2019: €366k▼ -6.2% vs 2018
2020: €360k▼ -1.6% vs 2019lowest in 8 years
2021: €1.26M▲ +249% vs 2020highest in 8 years
2022: €668k▼ -46.8% vs 2021
2023: €514k▼ -23.0% vs 2022
2024: €505k▼ -1.8% vs 2023
2025: €496k▼ -1.9% vs 2024
2018 → 2025
Net result
€-25k▼ 325%
2024 · €-6k
2018: €-2k
2019: €-14k▼ -664% vs 2018
2020: €15k▲ +208% vs 2019
2021: €-9k▼ -159% vs 2020
2022: €220k▲ +2618% vs 2021highest in 8 years
2023: €-10k▼ -104% vs 2022
2024: €-6k▲ +39.6% vs 2023
2025: €-25k▼ -325% vs 2024lowest in 8 years
2018 → 2025
Working capital
€403k▼ 5.4%
2024 · €426k
2018: €176k
2019: €168k▼ -4.1% vs 2018lowest in 8 years
2020: €191k▲ +13.5% vs 2019
2021: €191k▼ -0.3% vs 2020
2022: €441k▲ +131% vs 2021highest in 8 years
2023: €435k▼ -1.3% vs 2022
2024: €426k▼ -2.1% vs 2023
2025: €403k▼ -5.4% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€267k-€382k▲ 43.0%€372k▼ 2.6%€366k▼ 1.6%€341k▼ 6.8%
2021: €267klowest in 5 years
2022: €382k▲ +43.0% vs 2021highest in 5 years
2023: €372k▼ -2.6% vs 2022
2024: €366k▼ -1.6% vs 2023
2025: €341k▼ -6.8% vs 2024
Operating result€-7k-€230k€-28k€-13k▲ 55.2%€-33k▼ 156%
2021: €-7k
2022: €230k▲ +3511% vs 2021highest in 5 years
2023: €-28k▼ -112% vs 2022
2024: €-13k▲ +55.2% vs 2023
2025: €-33k▼ -156% vs 2024lowest in 5 years
Net result€-9k-€220k€-10k€-6k▲ 39.6%€-25k▼ 325%
2021: €-9k
2022: €220k▲ +2618% vs 2021highest in 5 years
2023: €-10k▼ -104% vs 2022
2024: €-6k▲ +39.6% vs 2023
2025: €-25k▼ -325% vs 2024lowest in 5 years
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €33k in 2025 against €13k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €496k
Fixed assets
€44k ▼ 21.7%
Current assets
€452k ▲ 0.6%
Equity and liabilities €496k
Equity
€341k ▼ 6.8%
Debt
€155k ▲ 11.1%
Debt's share of the balance-sheet total rises from 27.5% to 31.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-23k▼
2024 · €-3k
Cash flow
€-16k▼
2024 · €4k
Current ratio
9.32▼
2024 · 19.52
Quick ratio
8.62▼
2024 · 18.05
Debt to equity
0.45▲
2024 · 0.38
ROE
-7.3%▼
2024 · -1.6%
ROA
-5.1%▼
2024 · -1.2%
Interest coverage
-1.85▼
2024 · -0.26
Debt ≤ 1 year
€48k▲
2024 · €23k
Debt > 1 year
€102k▼
2024 · €112k
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 · 2025 against 2024 · 43 lines
Balance sheet
Code20242025
Assets
Total assets20/58€505k€496k▼
Fixed assets21/28€56k€44k▼
Tangible fixed assets22/27€56k€44k▼
Land and buildings22€54k€43k▼
Furniture and vehicles24€2k€935▼
Current assets29/58€449k€452k▲
Stocks and contracts in progress3€34k€34k=
Stocks30/36€34k€34k=
Amounts receivable within one year40/41€382k€389k▲
Trade receivables40€20k€13k▼
Other amounts receivable41€363k€376k▲
Cash at bank and in hand54/58€3k€5k▲
Deferred charges and accrued income490/1€29k€23k▼
Equity and liabilities
Total equity and liabilities10/49€505k€496k▼
Equity10/15€366k€341k▼
Contributions10/11€380k€380k=
Profit (loss) carried forward14€-14k€-39k▼
Amounts payable17/49€139k€155k▲
Amounts payable after more than one year17€112k€102k▼
Financial debts170/4€112k€102k▼
Amounts payable within one year42/48€23k€48k▲
Current portion of amounts payable after more than one year42€10k€10k=
Trade debts44€801€15k▲
Suppliers440/4€801€15k▲
Other amounts payable47/48€12k€24k▲
Accrued charges and deferred income492/3€5k€5k=
Income statement
Code20242025
Non-recurring operating income76A-€5k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10k€9k▼
Other operating charges640/8€1k€1k▼
Non-recurring operating charges66A€0-
Gross operating margin9900€-2k€-22k▼
Operating profit (loss)9901€-13k€-33k▼
Financial income75/76B€19k€20k▲
Recurring financial income75€19k€20k▲
Financial charges65/66B€12k€13k▲
Recurring financial charges65€12k€13k▲
Profit (loss) for the period before taxes9903€-6k€-25k▼
Profit (loss) for the period9904€-6k€-25k▼
Profit (loss) for the period to be appropriated9905€-6k€-25k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-14k€-39k▼
Profit (loss) brought forward from the previous period14P€-8k€-14k▼
Transfer from equity791/2€0-
Social balance
Average headcount (FTE)90870.00.0=
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €5k | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €23k | €23k | €9k | €10k | €9k | ▼ 4.6% |
| Other operating charges640/8 | €4k | €2k | €2k | €1k | €1k | ▼ 5.9% |
| Non-recurring operating charges66A | - | - | €5k | €0 | - | - |
| Gross operating margin9900 | €21k | €255k | €-12k | €-2k | €-22k | ▼ 1,043% |
| Operating profit (loss)9901 | €-7k | €230k | €-28k | €-13k | €-33k | ▼ 156% |
| Financial income75/76B | €0 | €4k | €21k | €19k | €20k | ▲ 6.4% |
| Recurring financial income75 | €0 | €4k | €21k | €19k | €20k | ▲ 6.4% |
| Financial charges65/66B | €2k | €15k | €3k | €12k | €13k | ▲ 4.5% |
| Recurring financial charges65 | €2k | €15k | €3k | €12k | €13k | ▲ 4.5% |
| Profit (loss) for the period before taxes9903 | €-9k | €220k | €-10k | €-6k | €-25k | ▼ 325% |
| Transfer from deferred taxes780 | €191 | €191 | €0 | - | - | - |
| Income taxes67/77 | - | €469 | €0 | - | - | - |
| Profit (loss) for the period9904 | €-9k | €220k | €-10k | €-6k | €-25k | ▼ 325% |
| Transfer from tax-exempt reserves789 | €371 | €371 | €0 | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €-8k | €220k | €-10k | €-6k | €-25k | ▼ 325% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.26M | €668k | €514k | €505k | €496k | ▼ 1.9% |
| Fixed assets21/28 | €97k | €77k | €63k | €56k | €44k | ▼ 21.7% |
| Tangible fixed assets22/27 | €97k | €77k | €63k | €56k | €44k | ▼ 21.7% |
| Land and buildings22 | €92k | €70k | €61k | €54k | €43k | ▼ 21.2% |
| Furniture and vehicles24 | €0 | €3k | €2k | €2k | €935 | ▼ 41.4% |
| Other tangible fixed assets26 | €5k | €4k | €0 | - | - | - |
| Current assets29/58 | €1.16M | €591k | €452k | €449k | €452k | ▲ 0.6% |
| Stocks and contracts in progress3 | €979k | €44k | €34k | €34k | €34k | = |
| Stocks30/36 | €979k | €44k | €34k | €34k | €34k | = |
| Amounts receivable within one year40/41 | €21k | €494k | €409k | €382k | €389k | ▲ 1.8% |
| Trade receivables40 | €13k | €25k | €32k | €20k | €13k | ▼ 35.2% |
| Other amounts receivable41 | €8k | €470k | €377k | €363k | €376k | ▲ 3.8% |
| Cash at bank and in hand54/58 | €159k | €53k | €8k | €3k | €5k | ▲ 61.7% |
| Deferred charges and accrued income490/1 | €314 | €323 | €1k | €29k | €23k | ▼ 21.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.26M | €668k | €514k | €505k | €496k | ▼ 1.9% |
| Equity10/15 | €267k | €382k | €372k | €366k | €341k | ▼ 6.8% |
| Contributions10/11 | €380k | €380k | €380k | €380k | €380k | = |
| Reserves13 | €10k | €2k | €0 | - | - | - |
| Tax-exempt reserves132 | €371 | €0 | - | - | - | - |
| Distributable reserves133 | €10k | €2k | €0 | - | - | - |
| Profit (loss) carried forward14 | €-123k | €0 | €-8k | €-14k | €-39k | ▼ 179% |
| Provisions and deferred taxes16 | €191 | €0 | - | - | - | - |
| Deferred taxes168 | €191 | €0 | - | - | - | - |
| Amounts payable17/49 | €990k | €287k | €143k | €139k | €155k | ▲ 11.1% |
| Amounts payable after more than one year17 | €16k | €132k | €122k | €112k | €102k | ▼ 9.0% |
| Financial debts170/4 | €16k | €132k | €122k | €112k | €102k | ▼ 9.0% |
| Amounts payable within one year42/48 | €970k | €150k | €16k | €23k | €48k | ▲ 111% |
| Current portion of amounts payable after more than one year42 | €16k | €10k | €10k | €10k | €10k | = |
| Financial debts43 | €382k | €18k | €0 | - | - | - |
| Credit institutions430/8 | €382k | €18k | €0 | - | - | - |
| Trade debts44 | €67k | €15k | €2k | €801 | €15k | ▲ 1,737% |
| Suppliers440/4 | €67k | €15k | €2k | €801 | €15k | ▲ 1,737% |
| Advances received on contracts in progress46 | €98k | €0 | - | - | - | - |
| Other amounts payable47/48 | €406k | €108k | €5k | €12k | €24k | ▲ 94.8% |
| Accrued charges and deferred income492/3 | €5k | €5k | €5k | €5k | €5k | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-9k | €220k | €-10k | €-6k | €-25k | ▼ 325% |
| + Depreciation and write-downs630 | €23k | €23k | €9k | €10k | €9k | ▼ 4.6% |
| Operating cash flow (approximation) | €14k | €243k | €-434 | €4k | €-16k | ▼ 542% |
| Investment in fixed assets (approximation) | - | €-3k | €5k | €-3k | €3k | ▲ 218% |
| Change in cash | - | €-107k | €-45k | €-4k | €2k | ▲ 148% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
20-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet €-25k
Net result drops to €-25k, the lowest in the series.
11-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
11-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Liquidity times 7current ratio 27.56
Current ratio from 3.93 to 27.56; short-term debt falls from €150k to €16k.
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Back to profitnet €220k
Net result €220k after one loss-making year.
31-12
Financial
Liquidity triplescurrent ratio 3.93
Current ratio from 1.20 to 3.93; short-term debt falls from €970k to €150k.
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
25-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Back to profitnet €15k
Net result €15k after 2 loss-making years.
24-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Show earlier events
2019
07-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
08-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
26-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 Belgian State 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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Directors · office · real estate
Directors
6 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, Koksijde · 1 establishment unit since 2002
Ground area
3,303 m²
Building footprint
882 m²
Volume, LiDAR
1,939 m³
Parcel 38502F0745/00A000, Flanders · tallest building 8.1 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Kobe Projects
since 20022.114.434.209
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 38502F0745/00A000 | Flanders | 3,303 m² | 1 · 882 m² | 8.1 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 9,693 companies in sector 68121 we hold annual accounts for 7,385. 5,076 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded22-07-2002
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
46140Agents in the wholesale of industrial machinery, ships and aircraft
Scores and ratios are computed by Checked and are not a credit decision.