KOCO
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 21-07-2026 at the NBB all 8 filings
Turnover
≈ €14,000
Estimated: probably between €8,200 and €26,000
Total assets
€4,858▼ 55.6%
2024 · €10,932
Net result
€547▼ 94.8%
2024 · €10,499
Working capital
-€20,833▲ 3.2%
2024 · -€21,532
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€906
▼ 92.0%
2025
20182025
Net result
€547
▼ 94.8%
2025
middle half of the sector
20182025
Equity
-€19,033
▲ 2.8%
2025
lowest quarter of the sector
20182025
Total assets
€4,858
▼ 55.6%
2025
lowest quarter of the sector
20182025
Debt
€23,892
▼ 21.7%
2025
20182025
Working capital
-€20,833
▲ 3.2%
2025
middle half of the sector
20182025
Solvency
no figure
2025
20182025
Current ratio
no figure
2025
20182025
Return on assets (ROA)
no figure
2025
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result-€5,367--€3,932▲ 26.7%€1,837-€367-€22,200▼ 5,945%-€15,779▲ 28.9%€11,365€906▼ 92.0%
Net result-€5,763--€4,349▲ 24.5%€1,401within the sector's middle half-€902within the sector's middle half-€22,802below the sector's middle half▼ 2,429%-€16,265below the sector's middle half▲ 28.7%€10,499within the sector's middle half€547within the sector's middle half▼ 94.8%
Equity€3,837-€1,488▼ 61.2%€9,888within the sector's middle half▲ 565%€8,987within the sector's middle half▼ 9.1%-€13,815below the sector's middle half-€30,080below the sector's middle half▼ 118%-€19,581below the sector's middle half▲ 34.9%-€19,033below the sector's middle half▲ 2.8%
Total assets€4,163-€4,788▲ 15.0%€10,585below the sector's middle half▲ 121%€9,357below the sector's middle half▼ 11.6%€6,935below the sector's middle half▼ 25.9%€7,080below the sector's middle half▲ 2.1%€10,932below the sector's middle half▲ 54.4%€4,858below the sector's middle half▼ 55.6%
Debt€327-€3,301▲ 910%€696▼ 78.9%€371▼ 46.8%€20,750▲ 56×€37,160▲ 79.1%€30,513▼ 17.9%€23,892▼ 21.7%
Working capital€2,037--€312€5,470within the sector's middle half€5,279within the sector's middle half▼ 3.5%-€16,812within the sector's middle half-€32,391below the sector's middle half▼ 92.7%-€21,532within the sector's middle half▲ 33.5%-€20,833within the sector's middle half▲ 3.2%
Solvency93.4%above the sector's middle half96.0%above the sector's middle half▲ 2.6pp-199.2%below the sector's middle half▼ 295.2pp-424.9%below the sector's middle half▼ 225.7pp-179.1%below the sector's middle half▲ 245.8pp
Current ratio8.86above the sector's middle half15.25above the sector's middle half▲ 6.390.19below the sector's middle half▼ 15.060.13below the sector's middle half▼ 0.060.29below the sector's middle half▲ 0.17
Return on assets (ROA)13.2%within the sector's middle half-9.6%below the sector's middle half▼ 22.9pp-328.8%below the sector's middle half▼ 319.2pp-229.7%below the sector's middle half▲ 99.1pp96.0%above the sector's middle half▲ 325.8pp
above
within
below
The sector band is the middle half of the companies in Personal service activities (NACE 96). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 92% lower than in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4,858
Fixed assets
€1,800 ▼ 7.8%
Current assets
€3,058 ▼ 65.9%
Equity and liabilities
Equity-€19,033
Debt€23,892
Equity is negative. Debt (€23,892) exceeds the balance-sheet total (€4,858).
Key figures and ratios
EBITDA
€1,057▼
2024 · €11,724
Cash flow
€699▼
2024 · €10,858
Interest coverage
2.95▼
2024 · 13.54
Debt ≤ 1 year
€23,892▼
2024 · €30,513
The ratios are withheld because a balance sheet total of €4,858 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €3,900 | - | - | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | - | €160 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €232 | €711 | €711 | €687 | €359 | €152 | ▼ 57.8% |
| Other operating charges640/8 | - | - | - | €378 | €1,078 | €1,568 | €422 | €1,014 | ▲ 141% |
| Non-recurring operating charges66A | - | - | - | €100 | - | €280 | €550 | - | - |
| Gross operating margin9900 | -€4,570 | -€3,580 | €2,698 | €821 | -€20,251 | -€13,244 | €12,696 | €2,072 | ▼ 83.7% |
| Operating profit (loss)9901 | -€5,367 | -€3,932 | €1,837 | -€367 | -€22,200 | -€15,779 | €11,365 | €906 | ▼ 92.0% |
| Financial charges65/66B | - | - | - | €534 | €602 | €486 | €866 | €358 | ▼ 58.6% |
| Recurring financial charges65 | €396 | €417 | €436 | €534 | €602 | €486 | €866 | €358 | ▼ 58.6% |
| Profit (loss) for the period before taxes9903 | -€5,763 | -€4,349 | €1,401 | -€902 | -€22,802 | -€16,265 | €10,499 | €547 | ▼ 94.8% |
| Profit (loss) for the period9904 | -€5,763 | -€4,349 | €1,401 | -€902 | -€22,802 | -€16,265 | €10,499 | €547 | ▼ 94.8% |
| Profit (loss) for the period to be appropriated9905 | -€5,763 | -€4,349 | €1,401 | -€902 | -€22,802 | -€16,265 | €10,499 | €547 | ▼ 94.8% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €4,163 | €4,788 | €10,585 | €9,357 | €6,935 | €7,080 | €10,932 | €4,858 | ▼ 55.6% |
| Fixed assets21/28 | €1,800 | €1,800 | €4,419 | €3,708 | €2,998 | €2,311 | €1,952 | €1,800 | ▼ 7.8% |
| Tangible fixed assets22/27 | - | - | €2,619 | €1,908 | €1,198 | €511 | €152 | - | - |
| Furniture and vehicles24 | - | - | - | €1,908 | €1,198 | €511 | €152 | - | - |
| Financial fixed assets28 | €1,800 | €1,800 | €1,800 | €1,800 | €1,800 | €1,800 | €1,800 | €1,800 | = |
| Current assets29/58 | €2,363 | €2,988 | €6,166 | €5,649 | €3,937 | €4,769 | €8,980 | €3,058 | ▼ 65.9% |
| Amounts receivable within one year40/41 | - | - | €321 | €853 | - | €3,520 | €3,520 | €2,569 | ▼ 27.0% |
| Trade receivables40 | - | - | - | - | - | €2,520 | €2,520 | €2,520 | = |
| Other amounts receivable41 | - | - | - | €853 | - | €1,000 | €1,000 | €49 | ▼ 95.1% |
| Cash at bank and in hand54/58 | €2,363 | €2,988 | €5,844 | €4,796 | €3,694 | €1,249 | €5,461 | €489 | ▼ 91.0% |
| Deferred charges and accrued income490/1 | - | - | - | - | €244 | - | - | - | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €4,163 | €4,788 | €10,585 | €9,357 | €6,935 | €7,080 | €10,932 | €4,858 | ▼ 55.6% |
| Equity10/15 | €3,837 | €1,488 | €9,888 | €8,987 | -€13,815 | -€30,080 | -€19,581 | -€19,033 | ▲ 2.8% |
| Contributions10/11 | €9,600 | €11,600 | - | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Profit (loss) carried forward14 | -€5,763 | -€10,112 | -€8,712 | -€9,613 | -€32,415 | -€48,680 | -€38,181 | -€37,633 | ▲ 1.4% |
| Amounts payable17/49 | €327 | €3,301 | €696 | €371 | €20,750 | €37,160 | €30,513 | €23,892 | ▼ 21.7% |
| Amounts payable within one year42/48 | €327 | €3,301 | €696 | €371 | €20,750 | €37,160 | €30,513 | €23,892 | ▼ 21.7% |
| Trade debts44 | €215 | €1,491 | €696 | €371 | €1,159 | €5,038 | €1,187 | €2,387 | ▲ 101% |
| Suppliers440/4 | - | - | - | €371 | €1,159 | €5,038 | €1,187 | €2,387 | ▲ 101% |
| Taxes, remuneration and social security45 | - | - | - | - | €19,591 | €29,972 | €16,097 | €4,079 | ▼ 74.7% |
| Taxes450/3 | - | - | - | - | €573 | €6,579 | €5,864 | €1,972 | ▼ 66.4% |
| Remuneration and social security454/9 | - | - | - | - | €19,017 | €23,392 | €10,234 | €2,107 | ▼ 79.4% |
| Other amounts payable47/48 | - | - | - | - | - | €2,150 | €13,228 | €17,426 | ▲ 31.7% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€5,763 | -€4,349 | €1,401 | -€902 | -€22,802 | -€16,265 | €10,499 | €547 | ▼ 94.8% |
| + Depreciation and write-downs630 | - | - | €232 | €711 | €711 | €687 | €359 | €152 | ▼ 57.8% |
| Operating cash flow (approximation) | -€5,763 | -€4,349 | €1,633 | -€191 | -€22,091 | -€15,578 | €10,858 | €699 | ▼ 93.6% |
| Investment in fixed assets (approximation) | - | €0 | -€2,851 | €0 | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €625 | €2,856 | -€1,048 | -€1,103 | -€2,445 | €4,212 | -€4,971 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 2,180 companies had the same profile as KOCO has now. Two years later, 88.8% were still going and 4.8% had gone bankrupt.
- Micro
- 5 to 10 years old
- negative equity
- a profit of 5% of the balance sheet or more
88.8%
was still going
5.8%
stopped otherwise
4.8%
went bankrupt
Another 0.6% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of KOCO itself is lower: 0.7% within 12 months. It rests on far more data about KOCO than the profile alone.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 2,180 companies, not a prediction for KOCO. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Filings with the National Bank (8)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 21-07-2026 | 2026-00314241 | |
| 31-12-2024 | micro format | 29-07-2025 | 2025-00326492 | |
| 31-12-2023 | micro format | 27-08-2024 | 2024-00380168 | |
| 31-12-2022 | micro format | 27-07-2023 | 2023-00286647 | |
| 31-12-2021 | micro format | 25-07-2022 | 2022-20216921 | |
| 31-12-2020 | micro format | 28-07-2021 | 2021-44600491 | |
| 31-12-2019 | micro format | 16-06-2020 | 2020-17700416 | |
| 31-12-2018 | micro format | 29-05-2019 | 2019-15000064 |