KOCKO
ActiveSummary
KOCKO has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €114,546 and a net result of -€2,430. Equity remains stable across the filed fiscal years (±0.4% per year). Its solvency ranks better than 60% of 16765 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability40▼-39
Solvency98▲+4
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9,000 at 30 days acceptable
Liquidity ample (current ratio 5.95 against 5.53 in 2024; short-term debt: 14.3% and cash: 32.2% of total assets), and 26.9% of the assets are financed with debt.
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Signals
Two signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 86
Relative position
BE, all sectors
reference
Human health activities (NACE 86)
about 87% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 25-03-2026, 36 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
36 d early
2024
30 d early
2023
26 d early
2022
38 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 33 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 28 March (4 of the last 4 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today30-09-2026 close30-04-2027 deadline
History
Go further with this company
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Financials · fiscal year 2025, micro schema
In the rankings
#9 company by equity in Stabroek, Health and social work sector#9 oldest company in Stabroek, Health and social work sector
Equity
€114,546▼ 2.1%
2024 · €116,976
Total assets
€156,795▼ 8.2%
2024 · €170,751
Net result
-€2,430
2024 · €13,709
Working capital
€111,079▼ 0.5%
2024 · €111,686
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 86, Human health activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2022202320242025
Operating result€2,153-€16,517▲ 667%€22,503▲ 36.2%€855▼ 96.2%
Net result€1,591below the sector's middle half-€11,971below the sector's middle half▲ 652%€13,709below the sector's middle half▲ 14.5%-€2,430below the sector's middle half
Equity€113,932within the sector's middle half-€114,613within the sector's middle half▲ 0.6%€116,976within the sector's middle half▲ 2.1%€114,546within the sector's middle half▼ 2.1%
Total assets€172,414within the sector's middle half-€170,205within the sector's middle half▼ 1.3%€170,751within the sector's middle half▲ 0.3%€156,795within the sector's middle half▼ 8.2%
Debt€58,482-€55,591▼ 4.9%€53,776▼ 3.3%€42,249▼ 21.4%
Working capital€154,059within the sector's middle half-€109,743within the sector's middle half▼ 28.8%€111,686within the sector's middle half▲ 1.8%€111,079within the sector's middle half▼ 0.5%
Solvency66.1%within the sector's middle half-67.3%within the sector's middle half▲ 1.3pp68.5%within the sector's middle half▲ 1.2pp73.1%within the sector's middle half▲ 4.5pp
Current ratio14.33above the sector's middle half-7.31above the sector's middle half▼ 7.025.53within the sector's middle half▼ 1.795.95within the sector's middle half▲ 0.42
Return on assets (ROA)0.9%below the sector's middle half-7.0%below the sector's middle half▲ 6.1pp8.0%below the sector's middle half▲ 1.0pp-1.5%below the sector's middle half▼ 9.6pp
above
within
below
the middle half (P25 to P75) of NACE 86, Human health activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 96% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €156,795
Fixed assets
€23,262 ▼ 32.4%
Current assets
€133,533 ▼ 2.1%
Equity and liabilities €156,795
Equity
€114,546 ▼ 2.1%
Debt
€42,249 ▼ 21.4%
Debt's share of the balance-sheet total falls from 31.5% to 26.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
€12,571▼
2024 · €33,937
Cash flow
€9,286▼
2024 · €25,144
Debt to equity
0.37▼
2024 · 0.46
ROE
-2.1%▼
2024 · 11.7%
Interest coverage
2.75▼
2024 · 6.87
Debt ≤ 1 year
€22,454▼
2024 · €24,671
Debt > 1 year
€18,954▼
2024 · €28,550
Income taxes
€69▼
2024 · €5,514
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,910 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 91% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a small loss
1.1%
went bankrupt
7.8%
stopped otherwise
91%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 6,910 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €7,292 | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,872 | €10,561 | €11,435 | €11,716 | ▲ 2.5% |
| Other operating charges640/8 | €561 | €596 | €637 | €672 | ▲ 5.4% |
| Non-recurring operating charges66A | - | - | €979 | €0 | ▼ 100% |
| Gross operating margin9900 | €5,586 | €27,673 | €35,553 | €13,243 | ▼ 62.8% |
| Operating profit (loss)9901 | €2,153 | €16,517 | €22,503 | €855 | ▼ 96.2% |
| Financial income75/76B | €2,652 | €2,260 | €1,660 | €1,360 | ▼ 18.1% |
| Recurring financial income75 | €2,652 | €2,260 | €1,660 | €1,360 | ▼ 18.1% |
| Financial charges65/66B | €1,757 | €2,461 | €4,940 | €4,576 | ▼ 7.4% |
| Recurring financial charges65 | €1,757 | €2,461 | €4,940 | €4,576 | ▼ 7.4% |
| Profit (loss) for the period before taxes9903 | €3,048 | €16,315 | €19,223 | -€2,361 | ▼ 112% |
| Income taxes67/77 | €1,457 | €4,344 | €5,514 | €69 | ▼ 98.8% |
| Profit (loss) for the period9904 | €1,591 | €11,971 | €13,709 | -€2,430 | ▼ 118% |
| Profit (loss) for the period to be appropriated9905 | €1,591 | €11,971 | €13,709 | -€2,430 | ▼ 118% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €172,414 | €170,205 | €170,751 | €156,795 | ▼ 8.2% |
| Fixed assets21/28 | €6,797 | €43,081 | €34,394 | €23,262 | ▼ 32.4% |
| Tangible fixed assets22/27 | €6,347 | €42,381 | €33,694 | €22,562 | ▼ 33.0% |
| Plant, machinery and equipment23 | €391 | €38,032 | €28,856 | €19,681 | ▼ 31.8% |
| Furniture and vehicles24 | €3,979 | €3,039 | €4,194 | €2,881 | ▼ 31.3% |
| Other tangible fixed assets26 | €1,977 | €1,311 | €644 | €0 | ▼ 100% |
| Financial fixed assets28 | €450 | €700 | €700 | €700 | = |
| Current assets29/58 | €165,616 | €127,123 | €136,357 | €133,533 | ▼ 2.1% |
| Amounts receivable after more than one year29 | €98,000 | €98,000 | €83,000 | €68,000 | ▼ 18.1% |
| Trade receivables290 | €98,000 | €98,000 | €83,000 | €68,000 | ▼ 18.1% |
| Amounts receivable within one year40/41 | €53,375 | €21,332 | €11,453 | €11,325 | ▼ 1.1% |
| Trade receivables40 | €45,281 | €13,480 | €6,509 | €6,976 | ▲ 7.2% |
| Other amounts receivable41 | €8,094 | €7,852 | €4,944 | €4,349 | ▼ 12.0% |
| Cash at bank and in hand54/58 | €12,914 | €4,218 | €41,019 | €50,474 | ▲ 23.1% |
| Deferred charges and accrued income490/1 | €1,327 | €3,573 | €884 | €3,734 | ▲ 322% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €172,414 | €170,205 | €170,751 | €156,795 | ▼ 8.2% |
| Equity10/15 | €113,932 | €114,613 | €116,976 | €114,546 | ▼ 2.1% |
| Contributions10/11 | €1,000 | €1,000 | €1,000 | €1,000 | = |
| Reserves13 | €112,932 | €113,613 | €115,976 | €115,976 | = |
| Distributable reserves133 | €112,932 | €113,613 | €115,976 | €115,976 | = |
| Profit (loss) carried forward14 | - | €0 | €0 | -€2,430 | - |
| Amounts payable17/49 | €58,482 | €55,591 | €53,776 | €42,249 | ▼ 21.4% |
| Amounts payable after more than one year17 | €46,924 | €37,870 | €28,550 | €18,954 | ▼ 33.6% |
| Financial debts170/4 | €46,924 | €37,870 | €28,550 | €18,954 | ▼ 33.6% |
| Amounts payable within one year42/48 | €11,558 | €17,381 | €24,671 | €22,454 | ▼ 9.0% |
| Current portion of amounts payable after more than one year42 | €8,794 | €9,054 | €9,321 | €9,596 | ▲ 3.0% |
| Trade debts44 | €1,307 | €3,403 | €3,809 | €714 | ▼ 81.3% |
| Suppliers440/4 | €1,307 | €3,403 | €3,809 | €714 | ▼ 81.3% |
| Advances received on contracts in progress46 | - | - | - | €482 | - |
| Taxes, remuneration and social security45 | €1,457 | €0 | €514 | €0 | ▼ 100% |
| Taxes450/3 | €1,457 | €0 | €514 | €0 | ▼ 100% |
| Other amounts payable47/48 | - | €4,924 | €11,026 | €11,662 | ▲ 5.8% |
| Accrued charges and deferred income492/3 | - | €340 | €555 | €842 | ▲ 51.6% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,591 | €11,971 | €13,709 | -€2,430 | ▼ 118% |
| + Depreciation and write-downs630 | €2,872 | €10,561 | €11,435 | €11,716 | ▲ 2.5% |
| Operating cash flow (approximation) | €4,464 | €22,532 | €25,144 | €9,286 | ▼ 63.1% |
| Investment in fixed assets (approximation) | - | -€46,845 | -€2,748 | -€584 | ▲ 78.8% |
| Change in cash | - | -€8,696 | €36,801 | €9,455 | ▼ 74.3% |
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
25-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Weakest financial yearnet -€2,430
Net result drops to -€2,430, the lowest in the series.
31-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Highest result since 2022net €13,709 ▲14.5%
Operating result €22,503, net result €13,709, both a record.
04-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
23-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Stabroek · 1 establishment unit since 2015
Ground area
1,086 m²
Building footprint
364 m²
Volume, LiDAR
1,629 m³
2 parcels, Flanders · tallest building 11.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Kinoptima
since 20152.246.619.176
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11044B0344/00B004 | Flanders | 917 m² | 1 · 205 m² | 8.1 m · 1 fl. |
| 11044C0366/00S000 | Flanders | 169 m² | 1 · 158 m² | 11.3 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 1,553 EUR awarded · 1,553 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 358 EUR | 358 EUR |
| 2024 | 1 | 95 EUR | 95 EUR |
| 2023 | 1 | 882 EUR | 882 EUR |
| 2022 | 1 | 218 EUR | 218 EUR |
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Of 12,698 companies in sector 86951 we hold annual accounts for 2,146. 1,820 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
Founded21-10-2015
Fiscal year end30-09
Activities, NACEBEL 2025
86951Physiotherapy
18120Other printing
74130Interior design
77110Renting and leasing of cars and light motor vehicles
85510Sports and recreation education
85599Other education
E-invoicing
Reachable via Peppol
Peppol ID
0208:0641779714
Also
9925:BE0641779714
Registered
07-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.