KOCO

Active

Private limited companyfounded 20178 yrs activeGrimbergsesteenweg 160, 1853 Grimbergen, BelgiumKBO/BCE: BE 0682.568.412

KOCO has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-19k) and a net result of €547. Equity is shrinking by ~34.2% per year across the filed fiscal years. Its solvency ranks better than 6% of 4610 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).

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Checked score

Score 2025

39 / 100

Weak

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

Axes · tick = 2024

Profitability57▼-43

Solvency0=

Growth58=

Track record100

Bankruptcy probability, 12 months

1.0% Low

0%0.5%1.5%4%10%≥ 25%

No credit on open account

balance sheet total too small for a liquidity verdict, and equity is negative.

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

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 2025

Age of the figures

9 mo

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 6% of 4610 sector peers (2025).

NBB · sector comparison

Position among 4610 sector peers

Solvency

better than 6%

← weakest strongest →

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 21-07-2026, 10 days ahead of the deadline.

NBB · 8 filings

Deviation from the deadline

2025

10 d early

2024

2 d early

2023

27 d late

2022

4 d early

2021

6 d early

2020

3 d early

2019

45 d early

← before the deadline after the deadline →

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 months

Position in the running window

22-09-2026 today31-12-2026 close31-07-2027 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 2025, micro schema

Equity

€-19k▲ 2.8%

2024 · €-20k

2018: €4k 2019: €1k 2020: €10k 2021: €9k 2022: €-14k 2023: €-30k 2024: €-20k

2018 → 2025

Total assets

€5k▼ 55.6%

2024 · €11k

2018: €4k 2019: €5k 2020: €11k 2021: €9k 2022: €7k 2023: €7k 2024: €11k

2018 → 2025

Net result

€547▼ 94.8%

2024 · €10k

2018: €-6k 2019: €-4k 2020: €1k 2021: €-902 2022: €-23k 2023: €-16k 2024: €10k

2018 → 2025

Working capital

€-21k▲ 3.2%

2024 · €-22k

2018: €2k 2019: €-312 2020: €5k 2021: €5k 2022: €-17k 2023: €-32k 2024: €-22k

2018 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Equity€9k-€-14k€-30k▼ 118%€-20k▲ 34.9%€-19k▲ 2.8%

Operating result€-367-€-22k▼ 5,945%€-16k▲ 28.9%€11k€906▼ 92.0%

Net result€-902-€-23k▼ 2,429%€-16k▲ 28.7%€10k€547▼ 94.8%

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 92% below 2024.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €5k

37.1%

62.9%

Fixed assets €2k▼ 7.8%

Current assets €3k▼ 65.9%

Key figures and ratios

2025 value · change against 2024

EBITDA

€1k▼

2024 · €12k

Cash flow

€699▼

2024 · €11k

Interest coverage

2.95▼

2024 · 13.54

Debt

€24k▼

2024 · €31k

Debt ≤ 1 year

€24k▼

2024 · €31k

Ratios withheld: a balance sheet total of €5k is too small for a meaningful ratio.

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 · 2025 against 2024

Balance sheet Code20242025

Assets

Total assets20/58€11k€5k▼

Fixed assets21/28€2k€2k▼

Tangible fixed assets22/27€152-

Furniture and vehicles24€152-

Financial fixed assets28€2k€2k=

Current assets29/58€9k€3k▼

Amounts receivable within one year40/41€4k€3k▼

Trade receivables40€3k€3k=

Other amounts receivable41€1k€49▼

Cash at bank and in hand54/58€5k€489▼

Equity and liabilities

Total equity and liabilities10/49€11k€5k▼

Equity10/15€-20k€-19k▲

Contributions10/11€19k€19k=

Profit (loss) carried forward14€-38k€-38k▲

Amounts payable17/49€31k€24k▼

Amounts payable within one year42/48€31k€24k▼

Trade debts44€1k€2k▲

Suppliers440/4€1k€2k▲

Taxes, remuneration and social security45€16k€4k▼

Taxes450/3€6k€2k▼

Remuneration and social security454/9€10k€2k▼

Other amounts payable47/48€13k€17k▲

Income statement Code20242025

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€359€152▼

Other operating charges640/8€422€1k▲

Non-recurring operating charges66A€550-

Gross operating margin9900€13k€2k▼

Operating profit (loss)9901€11k€906▼

Financial charges65/66B€866€358▼

Recurring financial charges65€866€358▼

Profit (loss) for the period before taxes9903€10k€547▼

Profit (loss) for the period9904€10k€547▼

Profit (loss) for the period to be appropriated9905€10k€547▼

Appropriation of the result

Profit (loss) to be appropriated9906€-38k€-38k▲

Profit (loss) brought forward from the previous period14P€-49k€-38k▲

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Download as CSV

Timeline · acts, filings and financial milestones

All 12Financial 4Filings 8

Next filing, fiscal year 2026, expected by 31-07-2027

2026

21-07

NBB filing Annual accounts filed

fiscal year 2025 · micro schema

2025

29-07

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

31-12

Financial Back to profitnet €10k

Net result €10k after 3 loss-making years.

27-08

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 27 days late

2023

27-07

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

2022

31-12

Financial Weakest financial yearnet €-23k

Net result drops to €-23k, the lowest in the series; recovery starts the following year.

25-07

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

2021

28-07

NBB filing Annual accounts filed

fiscal year 2020 · micro schema

2020

31-12

Financial Back to profitnet €1k

Net result €1k after 2 loss-making years.

31-12

Financial Liquidity times 10current ratio 8.86

Current ratio from 0.91 to 8.86; short-term debt falls from €3k to €696.

16-06

NBB filing Annual accounts filed

fiscal year 2019 · micro schema

2019

29-05

NBB filing Annual accounts filed

fiscal year 2018 · micro schema

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

Directors · office · real estate

Directors

no sitting director, no change since 2025

We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.

30-06-2025 AKIN Mahmutcan: Resigned as Director

31-12-2024 FEVZI Dzhem Bilgin: Resigned as Director

17-10-2018 KOCABAS Mesut: Resigned as Manager

Location & real-estate footprint

Registered office, Grimbergen · 1 establishment unit since 2017

establishment 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.

Grimbergsesteenweg 1601853 Grimbergen

Ground area

169 m²

Building footprint