KOCKADO
ActiveSummary
KOCKADO has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €395k and a net result of €61k. Equity is growing by ~10.4% per year across the filed fiscal years. Its solvency ranks better than 79% of 10359 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
72
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability82▲+2
Solvency92▼-7
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity ample (current ratio 1.84 against 2.13 in 2024; short-term debt: 32.8% and cash: 10.4% of total assets), and 32.8% 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
raises risk · 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 →
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
67.2%
Return on assets
10.3%
Age of the figures
9 mo
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 30-06-2026, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
31 d early
2024
14 d early
2023
21 d early
2022
11 d late
2021
27 d early
2020
18 d early
2019
35 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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€61k▲ 20.5%
2024 · €50k
2018: €28k
2019: €28k
2020: €38k
2021: €47k
2022: €35k
2023: €45k
2024: €50k
2018 → 2025
Working capital
€163k▲ 3.1%
2024 · €158k
2018: €16k
2019: €22k
2020: €55k
2021: €61k
2022: €31k
2023: €81k
2024: €158k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€274k-€309k▲ 12.7%€354k▲ 14.6%€404k▲ 14.2%€395k▼ 2.3%
Operating result€72k-€61k▼ 15.1%€76k▲ 25.3%€82k▲ 7.8%€95k▲ 15.8%
Net result€47k-€35k▼ 26.7%€45k▲ 30.1%€50k▲ 11.5%€61k▲ 20.5%
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 16% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €588k
Fixed assets
€233k ▼ 5.7%
Current assets
€355k ▲ 19.5%
Equity and liabilities €588k
Equity
€395k ▼ 2.3%
Debt
€193k ▲ 38.1%
Debt's share of the balance-sheet total rises from 25.6% to 32.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€131k▲
2024 · €116k
Cash flow
€97k▲
2024 · €84k
Current ratio
1.84▼
2024 · 2.13
Quick ratio
1.73▼
2024 · 1.98
Debt to equity
0.49▲
2024 · 0.34
ROE
15.4%▲
2024 · 12.5%
ROA
10.3%▲
2024 · 9.3%
Interest coverage
10.14▲
2024 · 8.20
Debt ≤ 1 year
€193k▲
2024 · €140k
Income taxes
€28k▲
2024 · €23k
Staff costs
€436k▲
2024 · €421k
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 · 49 lines
Balance sheet
Code20242025
Assets
Total assets20/58€544k€588k▲
Fixed assets21/28€247k€233k▼
Tangible fixed assets22/27€247k€233k▼
Land and buildings22€213k€188k▼
Plant, machinery and equipment23€23k€37k▲
Furniture and vehicles24€11k€8k▼
Current assets29/58€297k€355k▲
Stocks and contracts in progress3€22k€21k▼
Stocks30/36€22k€21k▼
Amounts receivable within one year40/41€9k€53k▲
Trade receivables40€1k€1k▼
Other amounts receivable41€8k€52k▲
Current investments50/53€190k€220k▲
Cash at bank and in hand54/58€77k€61k▼
Equity and liabilities
Total equity and liabilities10/49€544k€588k▲
Equity10/15€404k€395k▼
Contributions10/11€19k€19k=
Reserves13€166k€156k▼
Distributable reserves133€166k€156k▼
Profit (loss) carried forward14€220k€221k▲
Amounts payable17/49€140k€193k▲
Amounts payable within one year42/48€140k€193k▲
Trade debts44€86k€79k▼
Suppliers440/4€86k€79k▼
Taxes, remuneration and social security45€54k€48k▼
Taxes450/3€10k€10k▲
Remuneration and social security454/9€44k€38k▼
Other amounts payable47/48-€65k
Income statement
Code20242025
Remuneration, social security and pensions62€421k€436k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€34k€36k▲
Other operating charges640/8€6k€3k▼
Gross operating margin9900€543k€571k▲
Operating profit (loss)9901€82k€95k▲
Financial income75/76B€6k€7k▲
Recurring financial income75€6k€7k▲
Financial charges65/66B€14k€13k▼
Recurring financial charges65€14k€13k▼
Profit (loss) for the period before taxes9903€74k€89k▲
Income taxes67/77€23k€28k▲
Profit (loss) for the period9904€50k€61k▲
Profit (loss) for the period to be appropriated9905€50k€61k▲
Appropriation of the result
Profit (loss) to be appropriated9906€265k€281k▲
Profit (loss) brought forward from the previous period14P€215k€220k▲
Transfer from equity791/2-€70k
Transfer to equity691/2€45k€60k▲
To other reserves6921€45k€60k▲
Profit to be distributed694/7-€70k
Return on contributions (dividend)694-€70k
Social balance
Average headcount (FTE)90879.99.6▼
The notes to these accounts (9 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
30-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2018net €61k ▲20.5%
Operating result €95k, net result €61k, both a record.
17-07
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 · full schema · 11 days late
2022
04-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
13-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
26-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Weakest financial yearnet €28k ▼0.1%
Net result drops to €28k, the lowest in the series; recovery starts the following year.
04-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
02-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
05-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Raeren · 2 establishment units since 2007
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.
Raerener Strasse 224731 Raeren2 establishment units
KOCKADO PGMBH
since 20072.164.840.060
Aachener Strasse 53, 4731 Raeren
since 20092.176.535.983
Recognitions · licences · registrations
Food safety, FASFC
1 siteRaeren2.176.535.983
Similar companies · same sector, comparable size
BAKKERIJ KUYPERS - PAUWELS
BE 0599.902.636
As · Eq €399,095
CONFISERIE EN CHOCOLATERIE GAUTHIER
BE 0428.819.479
Mechelen · Eq €403,119
FAURE - DEMARET
BE 0435.504.165
Quévy · Eq €404,177
GOVAERTS-THYS
BE 0847.684.582
Herent · Eq €404,195
BROOD- EN BANKETBAKKERIJ MARTENS
BE 0862.890.620
Oostkamp · Eq €405,021
Of 2,407 companies in sector 47241 we hold annual accounts for 1,100. 650 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 formPrivate limited company
Founded15-06-2007
Fiscal year end31-12
Activities, NACEBEL 2025
47241Retail sale of bread and pastry (bakery outlets)
47252Retail sale of beverages, general range
47260Retail trade
Sources
Crossroads Bank for EnterprisesNational Bank · 19 filings
Scores and ratios are computed by Checked and are not a credit decision.