KOBRA

Active

Private limited companyfounded 20196 yrs activeClos des Jonquilles 23, 4837 Baelen, BelgiumKBO/BCE: BE 0736.669.666

The computed 12-month bankruptcy probability of KOBRA is 2.0% (moderate). The 2024 annual accounts show equity of €116k and a net result of €34k. Equity remains stable across the filed fiscal years (±2.1% per year). Its solvency ranks better than 45% of 6537 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

60 / 100

Healthy

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability79▲+4

Solvency54▲+2

Growth78▲+26

Track record100

Bankruptcy probability, 12 months

2.0% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €6k at 30 days acceptable

Liquidity tight (current ratio 1.25 against 1.06 in 2023; short-term debt: 40.8% and cash: 19% of total assets), and 71.3% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Five signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 47

Relative position

BE, all sectors

reference

Sector 47

higher

← fewer bankruptcies more bankruptcies →

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 09-07-2025, 22 days ahead of the deadline.

NBB · 5 filings

Deviation from the deadline

2025

not confirmed

2024

22 d early

2023

21 d early

2022

11 d late

2021

27 d early

2020

18 d early

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, full schema

Turnover

Not included in this filing

EBIT margin

Not included in this filing

Net result

€34k▲ 55.2%

2023 · €22k

2020: €22k 2021: €86k 2022: €935 2023: €22k

2020 → 2024

Working capital

€42k▲ 324%

2023 · €10k

2020: €18k 2021: €-28k 2022: €1k 2023: €10k

2020 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€42k-€128k▲ 205%€129k▲ 0.7%€112k▼ 12.6%€116k▲ 3.5%

Operating result€31k-€97k▲ 216%€10k▼ 90.1%€39k▲ 308%€53k▲ 34.0%

Net result€22k-€86k▲ 292%€935▼ 98.9%€22k▲ 2,238%€34k▲ 55.2%

Result per fiscal year

Operating resultNet result

After the dip in 2022 the operating result has climbed two years in a row; 2024 is 34% above 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €405k

48.8%

51.2%

Fixed assets €198k▼ 21.1%

Current assets €207k▲ 28.0%

Equity and liabilities €405k

28.7%

71.3%

Equity €116k▲ 3.5%

Debt €289k▼ 3.9%

The debt ratio falls from 72.8% to 71.3%. Equity is higher and debt is lower.

Key figures and ratios

2024 value · change against 2023

EBITDA

€106k▲

2023 · €92k

Cash flow

€87k▲

2023 · €75k

Solvency

28.7%▲

2023 · 27.2%

Current ratio

1.25▲

2023 · 1.06

Quick ratio

1.16▲

2023 · 0.97

Debt / equity

2.48▼

2023 · 2.67

ROE

29.2%▲

2023 · 19.4%

ROA

8.4%▲

2023 · 5.3%

Interest coverage

9.95▲

2023 · 7.55

Debt

€289k▼

2023 · €300k

Debt ≤ 1 year

€165k▲

2023 · €152k

Debt > 1 year

€123k▼

2023 · €148k

Income taxes

€10k▲

2023 · €8k

Staff costs

€365k▲

2023 · €332k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€413k€405k▼

Fixed assets21/28€251k€198k▼

Tangible fixed assets22/27€251k€198k▼

Land and buildings22€217k€183k▼

Plant, machinery and equipment23€25k€10k▼

Furniture and vehicles24€9k€5k▼

Current assets29/58€162k€207k▲

Stocks and contracts in progress3€15k€15k▲

Stocks30/36€15k€15k▲

Amounts receivable within one year40/41€27k€15k▼

Trade receivables40€4k€2k▼

Other amounts receivable41€23k€14k▼

Current investments50/53-€100k

Cash at bank and in hand54/58€119k€77k▼

Equity and liabilities

Total equity and liabilities10/49€413k€405k▼

Equity10/15€112k€116k▲

Contributions10/11€20k€20k=

Profit (loss) carried forward14€92k€96k▲

Amounts payable17/49€300k€289k▼

Amounts payable after more than one year17€148k€123k▼

Financial debts170/4€148k€123k▼

Amounts payable within one year42/48€152k€165k▲

Current portion of amounts payable after more than one year42€25k€25k▲

Trade debts44€53k€64k▲

Suppliers440/4€53k€64k▲

Taxes, remuneration and social security45€42k€51k▲

Taxes450/3€7k€9k▲

Remuneration and social security454/9€36k€42k▲

Other amounts payable47/48€32k€26k▼

Income statement Code20232024

Remuneration, social security and pensions62€332k€365k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€53k€53k▲

Other operating charges640/8€5k€5k▲

Gross operating margin9900€429k€476k▲

Operating profit (loss)9901€39k€53k▲

Financial income75/76B€3k€2k▼

Recurring financial income75€3k€2k▼

Financial charges65/66B€12k€11k▼

Recurring financial charges65€12k€11k▼

Profit (loss) for the period before taxes9903€30k€44k▲

Income taxes67/77€8k€10k▲

Profit (loss) for the period9904€22k€34k▲

Profit (loss) for the period to be appropriated9905€22k€34k▲

Appropriation of the result

Profit (loss) to be appropriated9906€130k€126k▼

Profit (loss) brought forward from the previous period14P€109k€92k▼

Profit to be distributed694/7€38k€30k▼

Return on contributions (dividend)694€38k€30k▼

Social balance

Average headcount (FTE)90877.37.8▲

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 8Financial 3Filings 5

2025

09-07

NBB filing Annual accounts filed

fiscal year 2024 · full schema

2024

10-07

NBB filing Annual accounts filed

fiscal year 2023 · full schema

2023

11-08

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 11 days late

2022

31-12

Financial Weakest financial yearnet €935 ▼98.9%

Net result drops to €935, the lowest in the series; recovery starts the following year.

04-07

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

2021

31-12

Financial Highest result since 2020net €86k ▲292%

Operating result €97k, net result €86k, both a record.

31-12

Financial Equity above €100kEq €128k ▲205%

2 profitable years in a row build equity to €128k.

13-07

NBB filing Annual accounts filed

fiscal year 2020 · micro schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

1 act for this company is 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, Baelen · 1 establishment unit since 2019

establishment approximate The establishment unit on the map

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.

Clos des Jonquilles 234837 Baelen

Ground area

4,195 m²

Building footprint

1,677 m²

Volume, LiDAR

9,864 m³

2 parcels, Wallonia · tallest building 8.9 m, ±2 floors. Linked by address, not a title deed.

1 establishment unit

KOBRA

Rue de Herbesthal 91, 4700 EupenWholesale trade

since 20192.295.808.173

2 parcels

Wallonia 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
63023B0061/00Z013	Wallonia	3,522 m²	1 · 1,584 m²	8.9 m · 2 fl.
63051A0537/00K002	Wallonia	673 m²	1 · 93 m²	-

Linked by address, not proof of ownership

Methodology

via registered seat: 1 · via establishment units: 1

2 of 2 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Recognitions · licences · registrations

Food safety, FASFC

1 site

Eupen2.295.808.173

2 permissions

Toelating · Detailhandel · since 28-11-2019

Toelating · Eetgelegenheid · since 28-11-2019

Similar companies · same sector, comparable size

Grez-Doiceau · Eq €117k

DEBOSI

BE 0811.981.951

Koekelberg · Eq €117k

Of 2,407 companies in sector 47241 we hold annual accounts for 1,099. 901 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded22-10-2019

Fiscal year end31-12

Activities, NACEBEL

47241Retail sale of bread and pastry (bakery outlets)

47242Retail sale of chocolate and confectionery

47252Retail sale of beverages, general range

47271Retail trade

47291Retail trade

56102Limited-service restaurants

56112Limited-service restaurants, excluding mobile food services

Sources

Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers

Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.