KOEN
ActiveSummary
KOEN has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €24k and a net result of €4k. Equity is shrinking by ~8.4% per year across the filed fiscal years. Its solvency ranks better than 65% of 16618 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability85▲+35
Solvency100▲+23
Growth78▲+46
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity ample (current ratio 2.48 against 0.87 in 2024; short-term debt: 22.9% and cash: 19.5% of total assets), and 22.9% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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 →
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
77.1%
Return on assets
12.6%
Age of the figures
9 mo
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
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 15-07-2026, 16 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
16 d early
2024
15 d early
2023
51 d late
2022
31 d late
2021
71 d late
2020
86 d late
2019
8 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, micro schema
Equity
€24k▲ 19.5%
2024 · €20k
2018: €22k
2019: €37k▲ +65.9% vs 2018
2020: €53k▲ +43.8% vs 2019highest in 8 years
2021: €48k▼ -8.7% vs 2020
2022: €41k▼ -14.3% vs 2021
2023: €28k▼ -31.9% vs 2022
2024: €20k▼ -28.0% vs 2023lowest in 8 years
2025: €24k▲ +19.5% vs 2024
2018 → 2025
Total assets
€31k▼ 19.5%
2024 · €39k
2018: €45k
2019: €49k▲ +9.5% vs 2018
2020: €76k▲ +52.8% vs 2019highest in 8 years
2021: €60k▼ -21.0% vs 2020
2022: €47k▼ -21.8% vs 2021
2023: €43k▼ -7.8% vs 2022
2024: €39k▼ -9.3% vs 2023
2025: €31k▼ -19.5% vs 2024lowest in 8 years
2018 → 2025
Net result
€4k
2024 · €-8k
2018: €1k
2019: €15k▲ +1150% vs 2018
2020: €17k▲ +15.2% vs 2019highest in 8 years
2021: €-5k▼ -127% vs 2020
2022: €-7k▼ -50.2% vs 2021
2023: €-13k▼ -90.6% vs 2022lowest in 8 years
2024: €-8k▲ +40.3% vs 2023
2025: €4k▲ +150% vs 2024
2018 → 2025
Working capital
€11k
2024 · €-3k
2018: €12k
2019: €16k▲ +39.8% vs 2018
2020: €29k▲ +76.4% vs 2019
2021: €34k▲ +16.0% vs 2020highest in 8 years
2022: €21k▼ -37.9% vs 2021
2023: €-3k▼ -114% vs 2022lowest in 8 years
2024: €-3k▲ +15.9% vs 2023
2025: €11k▲ +522% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€48k-€41k▼ 14.3%€28k▼ 31.9%€20k▼ 28.0%€24k▲ 19.5%
2021: €48khighest in 5 years
2022: €41k▼ -14.3% vs 2021
2023: €28k▼ -31.9% vs 2022
2024: €20k▼ -28.0% vs 2023lowest in 5 years
2025: €24k▲ +19.5% vs 2024
Operating result€-5k-€-7k▼ 47.4%€-13k▼ 89.9%€-8k▲ 40.1%€4k
2021: €-5k
2022: €-7k▼ -47.4% vs 2021
2023: €-13k▼ -89.9% vs 2022lowest in 5 years
2024: €-8k▲ +40.1% vs 2023
2025: €4k▲ +152% vs 2024highest in 5 years
Net result€-5k-€-7k▼ 50.2%€-13k▼ 90.6%€-8k▲ 40.3%€4k
2021: €-5k
2022: €-7k▼ -50.2% vs 2021
2023: €-13k▼ -90.6% vs 2022lowest in 5 years
2024: €-8k▲ +40.3% vs 2023
2025: €4k▲ +150% vs 2024highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €4k after a loss of €8k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €31k
Fixed assets
€14k ▼ 40.4%
Current assets
€18k ▲ 9.8%
Equity and liabilities €31k
Equity
€24k ▲ 19.5%
Debt
€7k ▼ 61.6%
Debt's share of the balance-sheet total falls from 48.1% to 22.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€13k▲
2024 · €1k
Cash flow
€13k▲
2024 · €1k
Current ratio
2.48▲
2024 · 0.87
Debt to equity
0.30▼
2024 · 0.93
ROE
16.3%▲
2024 · -38.9%
ROA
12.6%▲
2024 · -20.2%
Interest coverage
141.32▲
2024 · 9.96
Debt ≤ 1 year
€7k▼
2024 · €19k
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 · 40 lines
Balance sheet
Code20242025
Assets
Total assets20/58€39k€31k▼
Fixed assets21/28€23k€14k▼
Tangible fixed assets22/27€23k€14k▼
Plant, machinery and equipment23€7k€3k▼
Furniture and vehicles24€15k€10k▼
Other tangible fixed assets26€535€43▼
Current assets29/58€16k€18k▲
Amounts receivable within one year40/41€855€12k▲
Trade receivables40-€12k
Other amounts receivable41€855€96▼
Cash at bank and in hand54/58€15k€6k▼
Equity and liabilities
Total equity and liabilities10/49€39k€31k▼
Equity10/15€20k€24k▲
Contributions10/11€19k€19k=
Reserves13€44k€44k=
Non-distributable reserves130/1€1k€1k=
Reserves not available under the articles1311€1k€1k=
Distributable reserves133€42k€42k=
Profit (loss) carried forward14€-42k€-38k▲
Amounts payable17/49€19k€7k▼
Amounts payable within one year42/48€19k€7k▼
Trade debts44€2k€2k▲
Suppliers440/4€2k€2k▲
Taxes, remuneration and social security45€15€0▼
Taxes450/3€15€0▼
Other amounts payable47/48€17k€5k▼
Income statement
Code20242025
Non-recurring operating income76A-€3k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€9k▲
Other operating charges640/8€761€684▼
Gross operating margin9900€2k€14k▲
Operating profit (loss)9901€-8k€4k▲
Financial income75/76B€85€0▼
Recurring financial income75€85€0▼
Financial charges65/66B€127€94▼
Recurring financial charges65€127€94▼
Profit (loss) for the period before taxes9903€-8k€4k▲
Profit (loss) for the period9904€-8k€4k▲
Profit (loss) for the period to be appropriated9905€-8k€4k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-42k€-38k▲
Profit (loss) brought forward from the previous period14P€-34k€-42k▼
The notes to these accounts (10 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 | - | - | - | - | €3k | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7k | €8k | €10k | €9k | €9k | ▲ 1.0% |
| Other operating charges640/8 | €708 | €707 | €744 | €761 | €684 | ▼ 10.2% |
| Gross operating margin9900 | €3k | €1k | €-2k | €2k | €14k | ▲ 587% |
| Operating profit (loss)9901 | €-5k | €-7k | €-13k | €-8k | €4k | ▲ 152% |
| Financial income75/76B | €444 | €180 | €0 | €85 | €0 | ▼ 100% |
| Recurring financial income75 | €444 | €180 | €0 | €85 | €0 | ▼ 100% |
| Financial charges65/66B | €375 | €208 | €105 | €127 | €94 | ▼ 26.4% |
| Recurring financial charges65 | €375 | €208 | €105 | €127 | €94 | ▼ 26.4% |
| Profit (loss) for the period before taxes9903 | €-5k | €-7k | €-13k | €-8k | €4k | ▲ 150% |
| Income taxes67/77 | €0 | - | - | - | - | - |
| Profit (loss) for the period9904 | €-5k | €-7k | €-13k | €-8k | €4k | ▲ 150% |
| Profit (loss) for the period to be appropriated9905 | €-5k | €-7k | €-13k | €-8k | €4k | ▲ 150% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €60k | €47k | €43k | €39k | €31k | ▼ 19.5% |
| Fixed assets21/28 | €15k | €20k | €31k | €23k | €14k | ▼ 40.4% |
| Tangible fixed assets22/27 | €15k | €20k | €31k | €23k | €14k | ▼ 40.4% |
| Plant, machinery and equipment23 | €1k | €13k | €10k | €7k | €3k | ▼ 56.0% |
| Furniture and vehicles24 | €12k | €6k | €20k | €15k | €10k | ▼ 31.1% |
| Other tangible fixed assets26 | €2k | €2k | €1k | €535 | €43 | ▼ 92.0% |
| Current assets29/58 | €45k | €26k | €12k | €16k | €18k | ▲ 9.8% |
| Amounts receivable within one year40/41 | €5k | €6k | €2k | €855 | €12k | ▲ 1,271% |
| Trade receivables40 | €2k | €2k | €0 | - | €12k | - |
| Other amounts receivable41 | €3k | €4k | €2k | €855 | €96 | ▼ 88.8% |
| Cash at bank and in hand54/58 | €40k | €20k | €10k | €15k | €6k | ▼ 60.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €60k | €47k | €43k | €39k | €31k | ▼ 19.5% |
| Equity10/15 | €48k | €41k | €28k | €20k | €24k | ▲ 19.5% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €44k | €44k | €44k | €44k | €44k | = |
| Non-distributable reserves130/1 | €1k | €1k | €1k | €1k | €1k | = |
| Reserves not available under the articles1311 | €1k | €1k | €1k | €1k | €1k | = |
| Distributable reserves133 | €42k | €42k | €42k | €42k | €42k | = |
| Profit (loss) carried forward14 | €-14k | €-21k | €-34k | €-42k | €-38k | ▲ 9.4% |
| Amounts payable17/49 | €11k | €5k | €15k | €19k | €7k | ▼ 61.6% |
| Amounts payable within one year42/48 | €11k | €5k | €15k | €19k | €7k | ▼ 61.6% |
| Trade debts44 | €2k | €5k | €987 | €2k | €2k | ▲ 3.3% |
| Suppliers440/4 | €2k | €5k | €987 | €2k | €2k | ▲ 3.3% |
| Taxes, remuneration and social security45 | €9k | €0 | €15 | €15 | €0 | ▼ 100% |
| Taxes450/3 | €9k | €0 | €15 | €15 | €0 | ▼ 100% |
| Other amounts payable47/48 | - | - | €14k | €17k | €5k | ▼ 70.3% |
| Accrued charges and deferred income492/3 | €533 | €23 | €0 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-5k | €-7k | €-13k | €-8k | €4k | ▲ 150% |
| + Depreciation and write-downs630 | €7k | €8k | €10k | €9k | €9k | ▲ 1.0% |
| Operating cash flow (approximation) | €3k | €600 | €-3k | €1k | €13k | ▲ 973% |
| Investment in fixed assets (approximation) | - | €-13k | €-21k | €-750 | €0 | ▲ 100% |
| Change in cash | - | €-19k | €-11k | €6k | €-9k | ▼ 266% |
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
15-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €4k
Net result €4k after 4 loss-making years.
31-12
Financial
Liquidity triplescurrent ratio 2.48
Current ratio from 0.87 to 2.48; short-term debt falls from €19k to €7k.
16-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
20-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 51 days late
2023
31-12
Financial
Weakest financial yearnet €-13k
Net result drops to €-13k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
10-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 71 days late
2021
25-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 86 days late
2020
31-12
Financial
Highest result since 2018net €17k ▲15.2%
Operating result €23k, net result €17k, both a record.
23-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
09-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
28-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
28-07
NBB filing
Annual accounts filed
fiscal year 2016 · 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, Kluisbergen · 1 establishment unit since 2013
Ground area
782 m²
Building footprint
139 m²
Volume, LiDAR
724 m³
Parcel 45058A1010/00P000, Flanders · tallest building 10.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
KOEN
since 20132.222.114.897
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45058A1010/00P000 | Flanders | 782 m² | 1 · 139 m² | 10.2 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 5,985 companies in sector 86940 we hold annual accounts for 1,807. 1,503 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 (pre-2019)
Founded28-06-2013
Fiscal year end31-12
Activities, NACEBEL 2025
86940Nursing and midwifery
68201Renting and operating of own or leased residential real estate, excluding social housing
Scores and ratios are computed by Checked and are not a credit decision.