KOC · Checked.be

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of KOC is 2.1% (moderate). The 2025 annual accounts show equity of €34k and a net result of €10k. Equity is growing by ~39.3% per year across the filed fiscal years. Its solvency ranks better than 54% of 1092 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 4 annual accounts.

Signals

2 signals · with evidence

Consistently profitable

Positive net result in the two most recent financial years (2024 and 2025).

View the result trend

Growing equity

Equity grew over 2023-2025. Profits are largely retained rather than distributed.

View the equity trend

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Filing behaviour

From the deposit records, complete market-wide

Filed after the deadline

The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 28-02-2026, 28 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.

The next deadline is still running

The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.

How we compute the deadline

The year end is derived from 4 filed financial years, each closing on 30-06. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 30-06-2025, that is 31-01-2026.

Deadline per financial year

Year closed	Due by	Filed	Variance	Reference
30-06-2025	31-01-2026	28-02-2026	28 d late	2026-00048359
30-06-2024	31-01-2025	31-03-2025	59 d late	2025-00063186
30-06-2023	31-01-2024	29-02-2024	29 d late	2024-00040122
30-06-2022	31-01-2023	28-02-2023	28 d late	2023-00032674

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals

More than 3 years active

Founded in 2021, past the statistically most fragile first 3 years.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

2.1% Moderate

0%0,5%1,5%4%10%≥25%

Young company +Higher-failure-rate sector +Annual accounts: healthy financial profile −

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Financials

Turnover€90k

EBIT margin13.1%

Net result€10k+18.6%

Working capital€12k+124.1%

CSV export

Annual accounts & ratios

Source: NBB · 2025

Annual accounts filed on 28-02-2026 with the NBB · fiscal year 2025 · micro

RevenueOperating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

growing Equity: growth of ~39.3%/year over 4 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2025 · NACE 41, Construction of buildings · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	45.2%	42.2%	better than 54% of 1092 sector peers
Net result	€10k	€11k	better than 47% of 1092 sector peers
Equity	€34k	€35k	better than 49% of 1094 sector peers
Gross operating margin	€33k	€30k	better than 54% of 1091 sector peers
Staff costs	€90	€17k	higher than 6% of 289 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

Sector position over time

Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).

Solvency P54

Weakening position over 2022-2025 · n=1092-3842

Net result P47

Stable position over 2022-2025 · n=1092-3838

Equity P49

Improving position over 2022-2025 · n=1094-3847

Gross operating margin P54

Improving position over 2022-2025 · n=1091-3835

Describes the position versus peers, not a forecast.

Revenue

€90k

- 22-25

EBITDA

€29k

+32.0% 22-25

Net profit

€10k

+18.6% 22-25

Cash flow

€21k

+61.2% 22-25

Total assets

€76k

-27.8% 22-25

Equity

€34k

+41.6% 22-25

Working capital

€12k

+124.1% 22-25

Staff costs

€90

- 22-25

Show 12 other metrics

Income taxes

€5k

-28.9% 22-25

Debt

€41k

-48.6% 22-25

Debt ≤ 1y

€33k

-40.3% 22-25

Debt > 1y

€8k

-67.6% 22-25

Current ratio

1.35

+23.5% 22-25

Quick ratio

1.35

+23.5% 22-25

Solvency

45.2%

+96.2% 22-25

Debt / equity

1.21

-63.7% 22-25

ROE

29.4%

-16.2% 22-25

ROA

13.3%

+64.3% 22-25

Net margin

10.3%

- 22-25

Interest coverage

12.17

-51.0% 22-25

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2025
Deposit	micro
Revenue	-
EBITDA	€29k
Net profit	€10k
Cash flow	€21k
Staff costs	€90
Income taxes	€5k
Dividends	-
Total assets	€76k
Equity	€34k
Debt	€41k
of which ≤ 1y	€33k
of which > 1y	€8k
Working capital	€12k
Employees (FTE)	-

Ratios (computed)

	2025
Current ratio	1.35
Quick ratio	1.35
Working capital ratio	15.5%
Solvency	45.2%
Debt / equity	1.21
Long-term debt ratio	0.23
Interest coverage	12.17
Gross margin	-
Net margin	-
ROA	13.3%
ROE	29.4%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2025

Assets

Fixed assets €30k · 40.3% Current assets €45k · 59.7%

Equity & liabilities

Equity €34k · 45.2% Debt €41k · 54.8%

Full annual accounts (22 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2025
Balance sheet, Assets
TOTAL ASSETS	20/58	€76k
Fixed assets	21/28	€30k
Tangible fixed assets	22/27	€30k
Current assets	29/58	€45k
Amounts receivable within one year	40/41	€44k
Cash & bank	54/58	€2k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€76k
Equity	10/15	€34k
Contributions / capital	10/11	€4k
Accumulated profits (losses)	14	€30k
Amounts payable	17/49	€41k
Amounts payable after one year	17	€8k
Amounts payable within one year	42/48	€33k
Trade debts payable within one year	44	€5k
Income statement
Gross operating margin	9900	€33k
Operating result	9901	€17k
Financial income	75	€413
Financial charges	65	€2k
Result before taxes	9903	€15k
Income taxes	67/77	€5k
Net result for the period	9904	€10k
Result to be appropriated	9905	€10k

This table shows the latest fiscal year. 3 prior years, with figures and ratios, belong to a paid plan. See plans →

Ratios computed by Checked.

Health barometer

FY 2025 · computed

89 / 100 Excellent

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.

Directors

Directors & mandates

2 directors

4 of this company's 4 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing below: a director who resigned there may therefore still show here as sitting. See the acts under Publications.

Current directors & mandates

Sophie Welvaert
Director
State Gazette act 22090108 (27-07-2022)

Current
01-04-2022 → present

Former directors (1)

Musa Koc
Director
State Gazette act 22090108 (27-07-2022)

Former
- → 01-04-2022

Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.

Insolvency mandates

No insolvency mandates (liquidators, administrators) on record for this company.

Legal Structure

NACE primary	Algemene bouw van residentiële gebouwen(41001)
Legal form	Private limited company(610)
Incorporation	29-09-2021
Status	Active
Postal code	9940

Structure & network

Locations & real estate

Registered office

on the map · from the address register

exact location from the address register On OpenStreetMap

Establishment units

1 location

Braamstraat 6 unit B, 9940 Evergem

Algemene bouw van residentiële gebouwen

since 20212.323.521.766

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Parcels1

Ground area2.0 ha

Buildings1

Building footprint1,665 m²

Tallest building0.1 m

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)