KOBO
ActiveSummary
The annual accounts of KOBO for fiscal year 2025 show a net loss of 126% of total assets and of 57% of the equity at the start of that year. The 2025 annual accounts show equity of €223k and a net result of €-299k. Equity remains stable across the filed fiscal years (±1.2% per year). Its solvency ranks better than 95% of 401 sector peers (fiscal year 2025). The company has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
59
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. A net loss of at least half of total assets or of the equity at the start of the financial year caps the score. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-17
Solvency100=
Growth32▼-46
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13k at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity ample (current ratio 8.81; short-term debt: 5.6% and cash: 25.8% of total assets), and 5.6% 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
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 42
Relative position
BE, all sectors
reference
Sector 42
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
94.4%
Return on assets
-126.2%
Age of the figures
9 mo
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 €-299k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-08-2026, 29 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
29 d late
2024
29 d late
2023
28 d late
2022
42 d late
2021
31 d late
2020
26 d late
2019
27 d late
← 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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€223k▼ 57.2%
2024 · €522k
2018: €484k
2019: €500k
2020: €496k
2021: €505k
2022: €550k
2023: €531k
2024: €522k
2018 → 2025
Total assets
€237k▼ 54.9%
2024 · €525k
2018: €513k
2019: €520k
2020: €496k
2021: €513k
2022: €550k
2023: €532k
2024: €525k
2018 → 2025
Net result
€-299k▼ 3,525%
2024 · €-8k
2018: €-21k
2019: €16k
2020: €-5k
2021: €9k
2022: €45k
2023: €-19k
2024: €-8k
2018 → 2025
Working capital
€104k▼ 73.8%
2024 · €397k
2018: €320k
2019: €343k
2020: €346k
2021: €352k
2022: €407k
2023: €398k
2024: €397k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€505k-€550k▲ 8.9%€531k▼ 3.5%€522k▼ 1.6%€223k▼ 57.2%
Operating result€-9k-€45k€-19k€-26k▼ 37.1%€-299k▼ 1,051%
Net result€9k-€45k▲ 405%€-19k€-8k▲ 56.6%€-299k▼ 3,525%
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 stays negative: a loss of €299k in 2025 against €26k 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 €237k
Fixed assets
€119k ▼ 4.8%
Current assets
€117k ▼ 70.7%
Equity and liabilities €237k
Equity
€223k ▼ 57.2%
Debt
€13k ▲ 331%
Debt's share of the balance-sheet total rises from 0.6% to 5.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-293k▼
2024 · €-19k
Cash flow
€-293k▼
2024 · €-1k
Current ratio
8.81
Quick ratio
8.06
Debt to equity
0.06▲
2024 · 0.01
ROE
-133.7%▼
2024 · -1.6%
ROA
-126.2%▼
2024 · -1.6%
Interest coverage
-2787.17▼
2024 · -255.88
Debt ≤ 1 year
€13k▲
2024 · €3k
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 · 46 lines
Balance sheet
Code20242025
Assets
Total assets20/58€525k€237k▼
Fixed assets21/28€126k€119k▼
Tangible fixed assets22/27€126k€119k▼
Land and buildings22€100k€100k=
Other tangible fixed assets26€26k€19k▼
Current assets29/58€400k€117k▼
Stocks and contracts in progress3€48k€10k▼
Stocks30/36€48k€10k▼
Amounts receivable within one year40/41€319k€46k▼
Trade receivables40€51k€46k▼
Other amounts receivable41€268k-
Cash at bank and in hand54/58€32k€61k▲
Deferred charges and accrued income490/1€577€151▼
Equity and liabilities
Total equity and liabilities10/49€525k€237k▼
Equity10/15€522k€223k▼
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€461k€162k▼
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Tax-exempt reserves132€30k€30k=
Distributable reserves133€424k€125k▼
Amounts payable17/49€3k€13k▲
Amounts payable within one year42/48€3k€13k▲
Trade debts44€2k€1k▼
Suppliers440/4€2k€1k▼
Advances received on contracts in progress46-€9k
Taxes, remuneration and social security45€672€3k▲
Taxes450/3€672€3k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€6k▼
Other operating charges640/8€3k€3k▼
Non-recurring operating charges66A-€270k
Gross operating margin9900€-15k€-20k▼
Operating profit (loss)9901€-26k€-299k▼
Financial income75/76B€19k-
Recurring financial income75€16k-
Non-recurring financial income76B€3k-
Financial charges65/66B€74€105▲
Recurring financial charges65€74€105▲
Profit (loss) for the period before taxes9903€-7k€-299k▼
Income taxes67/77€1k-
Profit (loss) for the period9904€-8k€-299k▼
Profit (loss) for the period to be appropriated9905€-8k€-299k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-8k€-299k▼
Transfer from equity791/2€8k€299k▲
The notes to these accounts (3 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
29-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 29 days late
2025
31-12
Financial
Weakest financial yearnet €-299k
Net result drops to €-299k, the lowest in the series.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
2023
11-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 42 days late
2022
31-12
Financial
Highest result since 2018net €45k ▲405%
Operating result €45k, net result €45k, both a record.
31-12
Financial
Liquidity times 15current ratio 687.33
Current ratio from 44.96 to 687.33; short-term debt falls from €8k to €593.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Back to profitnet €9k
Net result €9k after one loss-making year.
31-12
Financial
Equity above €500kEq €505k ▲1.8%
Equity rises from €496k to €505k.
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 26 days late
2020
31-12
Financial
Liquidity times 80current ratio 1484.91
Current ratio from 18.47 to 1484.91; short-term debt falls from €20k to €233.
Show earlier events
27-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 27 days late
2019
31-12
Financial
Back to profitnet €16k
Net result €16k after one loss-making year.
31-12
Financial
Equity above €500kEq €500k ▲3.4%
Equity rises from €484k to €500k.
22-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 22 days late
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 27 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 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, Ranst · 1 establishment unit since 2002
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.
Liersesteenweg 222520 RanstGround area
442 m²
Building footprint
175 m²
Volume, LiDAR
1,242 m³
Parcel 11015C0193/00H002, Flanders · tallest building 9.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Thermo Heizung
since 20022.038.190.625
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11015C0193/00H002 | Flanders | 442 m² | 1 · 175 m² | 9.8 m · 2 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
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DSS Infra
BE 0741.549.162
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LMS
BE 0773.759.793
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Erus-Net
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Of 1,825 companies in sector 42220 we hold annual accounts for 958. 680 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 formPublic limited company
Founded18-04-1988
Fiscal year end31-12
Activities, NACEBEL 2025
42220Construction of utility projects for electricity and telecommunications
Sources
Crossroads Bank for EnterprisesNational Bank · 38 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.