KODO Technigarden
ActiveSummary
KODO Technigarden has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €340k and a net result of €12k. Equity is growing by ~26.1% per year across the filed fiscal years. Its solvency ranks better than 43% of 8048 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability20▼-37
Solvency63▲+6
Growth52=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €17k at 30 days acceptable
Liquidity ample (current ratio 1.74 against 1.98 in 2024; short-term debt: 29.4% and cash: 0.6% of total assets), but 62.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
37.8%
Return on assets
1.4%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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 26-03-2026, 127 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
127 d early
2024
111 d early
2023
76 d early
2022
125 d early
2021
34 d early
2020
33 d early
2019
24 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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€340k▲ 3.7%
2024 · €328k
2019: €44klowest in 7 years
2020: €116k▲ +165% vs 2019
2021: €137k▲ +17.8% vs 2020
2022: €186k▲ +35.4% vs 2021
2023: €224k▲ +20.6% vs 2022
2024: €328k▲ +46.5% vs 2023
2025: €340k▲ +3.7% vs 2024highest in 7 years
2019 → 2025
Total assets
€899k▼ 13.1%
2024 · €1.03M
2019: €56klowest in 7 years
2020: €699k▲ +1159% vs 2019
2021: €797k▲ +14.0% vs 2020
2022: €781k▼ -2.0% vs 2021
2023: €712k▼ -8.8% vs 2022
2024: €1.03M▲ +45.3% vs 2023highest in 7 years
2025: €899k▼ -13.1% vs 2024
2019 → 2025
Net result
€12k▼ 13.1%
2024 · €14k
2019: €25k
2020: €-8k▼ -130% vs 2019lowest in 7 years
2021: €21k▲ +372% vs 2020
2022: €51k▲ +147% vs 2021highest in 7 years
2023: €39k▼ -23.8% vs 2022
2024: €14k▼ -63.9% vs 2023
2025: €12k▼ -13.1% vs 2024
2019 → 2025
Working capital
€195k▼ 31.0%
2024 · €283k
2019: €44klowest in 7 years
2020: €244k▲ +455% vs 2019
2021: €281k▲ +14.8% vs 2020
2022: €292k▲ +4.0% vs 2021highest in 7 years
2023: €273k▼ -6.5% vs 2022
2024: €283k▲ +3.9% vs 2023
2025: €195k▼ -31.0% vs 2024
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€137k-€186k▲ 35.4%€224k▲ 20.6%€328k▲ 46.5%€340k▲ 3.7%
2021: €137klowest in 5 years
2022: €186k▲ +35.4% vs 2021
2023: €224k▲ +20.6% vs 2022
2024: €328k▲ +46.5% vs 2023
2025: €340k▲ +3.7% vs 2024highest in 5 years
Operating result€36k-€75k▲ 108%€68k▼ 9.2%€34k▼ 49.8%€-46k
2021: €36k
2022: €75k▲ +108% vs 2021highest in 5 years
2023: €68k▼ -9.2% vs 2022
2024: €34k▼ -49.8% vs 2023
2025: €-46k▼ -232% vs 2024lowest in 5 years
Net result€21k-€51k▲ 147%€39k▼ 23.8%€14k▼ 63.9%€12k▼ 13.1%
2021: €21k
2022: €51k▲ +147% vs 2021highest in 5 years
2023: €39k▼ -23.8% vs 2022
2024: €14k▼ -63.9% vs 2023
2025: €12k▼ -13.1% vs 2024lowest in 5 years
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €46k after €34k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €899k
Fixed assets
€439k ▼ 5.1%
Current assets
€460k ▼ 19.5%
Equity and liabilities €899k
Equity
€340k ▲ 3.7%
Debt
€559k ▼ 20.9%
Debt's share of the balance-sheet total falls from 68.3% to 62.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€-7k▼
2024 · €89k
Cash flow
€51k▼
2024 · €68k
Current ratio
1.74▼
2024 · 1.98
Quick ratio
0.23▲
2024 · 0.20
Debt to equity
1.64▼
2024 · 2.15
ROE
3.6%▼
2024 · 4.3%
ROA
1.4%=
2024 · 1.4%
Interest coverage
-0.28▼
2024 · 4.35
Debt ≤ 1 year
€264k▼
2024 · €288k
Debt > 1 year
€286k▼
2024 · €415k
Income taxes
€301▼
2024 · €5k
Staff costs
€293k▼
2024 · €312k
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 · 56 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.03M€899k▼
Fixed assets21/28€463k€439k▼
Intangible fixed assets21€14k€1k▼
Tangible fixed assets22/27€48k€38k▼
Plant, machinery and equipment23€33k€25k▼
Furniture and vehicles24€16k€12k▼
Other tangible fixed assets26€0-
Financial fixed assets28€400k€400k▼
Current assets29/58€571k€460k▼
Stocks and contracts in progress3€513k€398k▼
Stocks30/36€513k€398k▼
Amounts receivable within one year40/41€27k€42k▲
Trade receivables40€12k€29k▲
Other amounts receivable41€14k€13k▼
Cash at bank and in hand54/58€17k€6k▼
Deferred charges and accrued income490/1€15k€14k▼
Equity and liabilities
Total equity and liabilities10/49€1.03M€899k▼
Equity10/15€328k€340k▲
Contributions10/11€99k€99k=
Revaluation surpluses12€90k€90k=
Reserves13€139k€152k▲
Distributable reserves133€139k€152k▲
Amounts payable17/49€706k€559k▼
Amounts payable after more than one year17€415k€286k▼
Financial debts170/4€415k€286k▼
Amounts payable within one year42/48€288k€264k▼
Current portion of amounts payable after more than one year42€49k€23k▼
Financial debts43€100k€125k▲
Credit institutions430/8€100k€125k▲
Trade debts44€52k€47k▼
Suppliers440/4€52k€47k▼
Advances received on contracts in progress46€15k€0▼
Taxes, remuneration and social security45€52k€48k▼
Taxes450/3€10k€5k▼
Remuneration and social security454/9€42k€43k▲
Other amounts payable47/48€19k€21k▲
Accrued charges and deferred income492/3€3k€8k▲
Income statement
Code20242025
Non-recurring operating income76A€0-
Remuneration, social security and pensions62€312k€293k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€54k€39k▼
Other operating charges640/8€2k€2k▼
Non-recurring operating charges66A€2k€50▼
Gross operating margin9900€405k€288k▼
Operating profit (loss)9901€34k€-46k▼
Financial income75/76B€5k€82k▲
Recurring financial income75€5k€82k▲
Financial charges65/66B€20k€24k▲
Recurring financial charges65€20k€24k▲
Profit (loss) for the period before taxes9903€19k€13k▼
Income taxes67/77€5k€301▼
Profit (loss) for the period9904€14k€12k▼
Profit (loss) for the period to be appropriated9905€14k€12k▼
Appropriation of the result
Profit (loss) to be appropriated9906€14k€12k▼
Transfer to equity691/2€14k€12k▼
To other reserves6921€14k€12k▼
Social balance
Average headcount (FTE)90874.84.7▼
The notes to these accounts (25 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €0 | €1k | €2k | €0 | - | - |
| Remuneration, social security and pensions62 | €258k | €236k | €248k | €312k | €293k | ▼ 6.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €58k | €61k | €58k | €54k | €39k | ▼ 29.0% |
| Other operating charges640/8 | €3k | €1k | €2k | €2k | €2k | ▼ 9.8% |
| Non-recurring operating charges66A | €14k | €0 | €293 | €2k | €50 | ▼ 97.6% |
| Gross operating margin9900 | €370k | €374k | €377k | €405k | €288k | ▼ 28.9% |
| Operating profit (loss)9901 | €36k | €75k | €68k | €34k | €-46k | ▼ 232% |
| Financial income75/76B | €149 | €2k | €92 | €5k | €82k | ▲ 1,669% |
| Recurring financial income75 | €149 | €2k | €92 | €5k | €82k | ▲ 1,669% |
| Financial charges65/66B | €12k | €13k | €19k | €20k | €24k | ▲ 19.8% |
| Recurring financial charges65 | €12k | €13k | €19k | €20k | €24k | ▲ 19.8% |
| Profit (loss) for the period before taxes9903 | €24k | €64k | €50k | €19k | €13k | ▼ 33.0% |
| Income taxes67/77 | €3k | €13k | €11k | €5k | €301 | ▼ 93.5% |
| Profit (loss) for the period9904 | €21k | €51k | €39k | €14k | €12k | ▼ 13.1% |
| Profit (loss) for the period to be appropriated9905 | €21k | €51k | €39k | €14k | €12k | ▼ 13.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €797k | €781k | €712k | €1.03M | €899k | ▼ 13.1% |
| Fixed assets21/28 | €193k | €144k | €93k | €463k | €439k | ▼ 5.1% |
| Intangible fixed assets21 | €102k | €73k | €43k | €14k | €1k | ▼ 89.9% |
| Tangible fixed assets22/27 | €84k | €64k | €42k | €48k | €38k | ▼ 21.8% |
| Plant, machinery and equipment23 | €33k | €33k | €25k | €33k | €25k | ▼ 21.7% |
| Furniture and vehicles24 | €50k | €31k | €17k | €16k | €12k | ▼ 21.9% |
| Other tangible fixed assets26 | €959 | €576 | €192 | €0 | - | - |
| Financial fixed assets28 | €7k | €7k | €7k | €400k | €400k | ▼ 0.1% |
| Current assets29/58 | €603k | €637k | €619k | €571k | €460k | ▼ 19.5% |
| Stocks and contracts in progress3 | €510k | €549k | €572k | €513k | €398k | ▼ 22.3% |
| Stocks30/36 | €510k | €549k | €572k | €513k | €398k | ▼ 22.3% |
| Amounts receivable within one year40/41 | €18k | €38k | €29k | €27k | €42k | ▲ 55.1% |
| Trade receivables40 | €15k | €32k | €26k | €12k | €29k | ▲ 132% |
| Other amounts receivable41 | €3k | €6k | €3k | €14k | €13k | ▼ 11.9% |
| Cash at bank and in hand54/58 | €66k | €39k | €7k | €17k | €6k | ▼ 67.6% |
| Deferred charges and accrued income490/1 | €9k | €10k | €12k | €15k | €14k | ▼ 1.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €797k | €781k | €712k | €1.03M | €899k | ▼ 13.1% |
| Equity10/15 | €137k | €186k | €224k | €328k | €340k | ▲ 3.7% |
| Contributions10/11 | €99k | €99k | €99k | €99k | €99k | = |
| Revaluation surpluses12 | - | - | - | €90k | €90k | = |
| Reserves13 | €38k | €87k | €125k | €139k | €152k | ▲ 8.8% |
| Distributable reserves133 | €38k | €87k | €125k | €139k | €152k | ▲ 8.8% |
| Profit (loss) carried forward14 | - | €0 | €0 | - | - | - |
| Amounts payable17/49 | €659k | €595k | €488k | €706k | €559k | ▼ 20.9% |
| Amounts payable after more than one year17 | €337k | €250k | €142k | €415k | €286k | ▼ 31.1% |
| Financial debts170/4 | €337k | €250k | €142k | €415k | €286k | ▼ 31.1% |
| Amounts payable within one year42/48 | €322k | €345k | €346k | €288k | €264k | ▼ 8.2% |
| Current portion of amounts payable after more than one year42 | €86k | €87k | €88k | €49k | €23k | ▼ 52.9% |
| Financial debts43 | €100k | €150k | €150k | €100k | €125k | ▲ 25.3% |
| Credit institutions430/8 | €100k | €150k | €150k | €100k | €125k | ▲ 25.3% |
| Trade debts44 | €64k | €45k | €31k | €52k | €47k | ▼ 9.5% |
| Suppliers440/4 | €64k | €45k | €31k | €52k | €47k | ▼ 9.5% |
| Advances received on contracts in progress46 | €18k | €21k | €18k | €15k | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | €12k | €19k | €34k | €52k | €48k | ▼ 8.5% |
| Taxes450/3 | €12k | €19k | €18k | €10k | €5k | ▼ 52.0% |
| Remuneration and social security454/9 | €493 | €103 | €16k | €42k | €43k | ▲ 1.7% |
| Other amounts payable47/48 | €42k | €23k | €25k | €19k | €21k | ▲ 8.6% |
| Accrued charges and deferred income492/3 | - | - | - | €3k | €8k | ▲ 177% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €21k | €51k | €39k | €14k | €12k | ▼ 13.1% |
| + Depreciation and write-downs630 | €58k | €61k | €58k | €54k | €39k | ▼ 29.0% |
| Operating cash flow (approximation) | €79k | €112k | €97k | €68k | €51k | ▼ 25.7% |
| Investment in fixed assets (approximation) | - | €-11k | €-7k | €-424k | €-15k | ▲ 96.5% |
| Change in cash | - | €-27k | €-32k | €10k | €-12k | ▼ 213% |
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
26-03
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
11-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
16-05
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Equity above €200kEq €224k ▲20.6%
3 profitable years in a row build equity to €224k.
28-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2019net €51k ▲147%
Operating result €75k, net result €51k, both a record.
31-12
Financial
Equity above €150kEq €186k ▲35.4%
2 profitable years in a row build equity to €186k.
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €21k
Net result €21k after one loss-making year.
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €-8k
Net result drops to €-8k, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €100kEq €116k ▲165%
Equity rises from €44k to €116k.
07-01
NBB filing
Annual accounts filed
fiscal year 2019 · 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, Keerbergen · 2 establishment units since 2018
Ground area
4,429 m²
Building footprint
714 m²
Volume, LiDAR
3,108 m³
2 parcels, Flanders · tallest building 10.7 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
2 establishment units
KODO Technigarden
since 20182.276.632.461
Technigarden
since 20202.304.268.949
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24061A0254/00E002 | Flanders | 2,285 m² | 1 · 514 m² | 10.7 m · 2 fl. |
| 24472G0352/00G000 | Flanders | 2,144 m² | 1 · 200 m² | 8.9 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 2023 · 2 entries · 2,908 EUR awarded · 2,908 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 2,663 EUR | 2,663 EUR |
| 2022 | 1 | 245 EUR | 245 EUR |
Schemes
Vlaams opleidingsverlof (VOV)
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 1,075 companies in sector 46140 we hold annual accounts for 645. 488 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
Founded13-06-2018
Fiscal year end31-12
Activities, NACEBEL 2025
46140Agents in the wholesale of industrial machinery, ships and aircraft
47525Retail trade
95319Other maintenance and repair of motor vehicles
47522Retail trade
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.