KOENEN
ActiveSummary
KOENEN has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €4.6m and a net result of €3.4m. Equity is growing by ~23.1% per year across the filed fiscal years. Its solvency ranks better than 83% of 2936 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability100▲+13
Solvency100▲+12
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €450,000 at 30 days acceptable
Liquidity ample (current ratio 11.82 against 6.35 in 2023; short-term debt: 6.1% and cash: 61.9% of total assets), and 18.1% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
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 69
Relative position
BE, all sectors
reference
Legal and accounting activities (NACE 69)
about 77% 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 2024Solvency, return and age of the figures
Solvency
81.9%
Return on assets
60.5%
Age of the figures
21 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 31-12-2024 was due by 31-07-2025 and was filed on 28-03-2025, 125 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
125 d early
2023
44 d early
2022
42 d early
2021
39 d early
2020
40 d early
2019
39 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 55 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, abbreviated schema
In the rankings
#1 company by equity in Wellen, Professional and technical services sector#2 company by total assets in Wellen, Professional and technical services sector
Equity
€4.6m▲ 261%
2023 · €1.3m
Total assets
€5.6m▲ 179%
2023 · €2.0m
Net result
€3.4m▲ 1,025%
2023 · €303,140
Working capital
€3.7m▲ 397%
2023 · €751,974
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 69, Legal and accounting 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
Line20202021202220232024
Operating result€200,713▲ 122%€99,332▼ 50.5%€178,110▲ 79.3%€205,703▲ 15.5%€90,116▼ 56.2%
Net result€331,276above the sector's middle half▲ 488%€212,682above the sector's middle half▼ 35.8%€240,725above the sector's middle half▲ 13.2%€303,140above the sector's middle half▲ 25.9%€3.4mabove the sector's middle half▲ 1,025%
Equity€875,141above the sector's middle half▲ 57.3%€887,823above the sector's middle half▲ 1.4%€1.0mabove the sector's middle half▲ 16.4%€1.3mabove the sector's middle half▲ 23.8%€4.6mabove the sector's middle half▲ 261%
Total assets€1.2mabove the sector's middle half▲ 46.4%€1.3mabove the sector's middle half▲ 10.2%€1.4mabove the sector's middle half▲ 11.5%€2.0mabove the sector's middle half▲ 41.2%€5.6mabove the sector's middle half▲ 179%
Debt€289,959▲ 21.0%€396,139▲ 36.6%€398,064▲ 0.5%€742,809▲ 86.6%€1.0m▲ 37.5%
Working capital€545,677▲ 131%€432,345▼ 20.8%€490,057▲ 13.3%€751,974▲ 53.4%€3.7m▲ 397%
Solvency75.1%within the sector's middle half▲ 5.2pp69.1%within the sector's middle half▼ 6.0pp72.2%within the sector's middle half▲ 3.0pp63.3%within the sector's middle half▼ 8.9pp81.9%above the sector's middle half▲ 18.6pp
Staff (FTE)0below the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 69, Legal and accounting activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Why a figure moved sharply
- 2024 Net result +1,025% on 2023. The accounts now follow the abbreviated schema, last year the micro schema.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 56% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €5.6m
Fixed assets
€1.6m ▲ 37.6%
Current assets
€4.1m ▲ 358%
Equity and liabilities €5.6m
Equity
€4.6m ▲ 261%
Debt
€1.0m ▲ 37.5%
Debt's share of the balance-sheet total falls from 36.7% to 18.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€166,911▼
2023 · €242,058
Cash flow
€3.5m▲
2023 · €339,495
Current ratio
11.82▲
2023 · 6.35
Debt to equity
0.22▼
2023 · 0.58
ROE
73.9%▲
2023 · 23.7%
ROA
60.5%▲
2023 · 15.0%
Interest coverage
7.33▼
2023 · 22.79
Debt ≤ 1 year
€345,483▲
2023 · €140,563
Debt > 1 year
€675,825▲
2023 · €602,246
Income taxes
€274,028▲
2023 · €83,103
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,792 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 97% are still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
3.2%
stopped otherwise
97%
still going
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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 17,792 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €15,279 | €19,938 | €26,000 | €36,355 | €76,796 | ▲ 111% |
| Other operating charges640/8 | - | €3,777 | €10,978 | €3,069 | €2,931 | ▼ 4.5% |
| Gross operating margin9900 | €220,261 | €123,047 | €215,088 | €245,126 | €169,842 | ▼ 30.7% |
| Operating profit (loss)9901 | €200,713 | €99,332 | €178,110 | €205,703 | €90,116 | ▼ 56.2% |
| Financial income75/76B | - | €168,840 | €142,370 | €191,163 | €3.6m | ▲ 1,792% |
| Recurring financial income75 | €2,311 | €736 | €130,725 | €191,163 | €3.6m | ▲ 1,791% |
| Non-recurring financial income76B | - | €168,104 | €11,645 | €0 | €3,044 | - |
| Financial charges65/66B | - | €4,993 | €3,887 | €10,623 | €22,771 | ▲ 114% |
| Recurring financial charges65 | €4,956 | €4,993 | €3,887 | €10,623 | €22,771 | ▲ 114% |
| Profit (loss) for the period before taxes9903 | €415,523 | €263,178 | €316,593 | €386,243 | €3.7m | ▲ 854% |
| Income taxes67/77 | €84,247 | €50,496 | €75,867 | €83,103 | €274,028 | ▲ 230% |
| Profit (loss) for the period9904 | €331,276 | €212,682 | €240,725 | €303,140 | €3.4m | ▲ 1,025% |
| Transfer from tax-exempt reserves789 | - | €27,198 | €0 | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €331,276 | €239,880 | €240,725 | €303,140 | €3.4m | ▲ 1,025% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.2m | €1.3m | €1.4m | €2.0m | €5.6m | ▲ 179% |
| Fixed assets21/28 | €414,392 | €758,121 | €802,223 | €1.1m | €1.6m | ▲ 37.6% |
| Tangible fixed assets22/27 | €43,192 | €347,521 | €314,873 | €628,949 | €1.1m | ▲ 67.5% |
| Land and buildings22 | - | €289,296 | €276,751 | €566,403 | €1.0m | ▲ 79.2% |
| Furniture and vehicles24 | - | €7,112 | €3,023 | €33,817 | €16,455 | ▼ 51.3% |
| Other tangible fixed assets26 | - | €51,113 | €35,099 | €28,729 | €22,359 | ▼ 22.2% |
| Financial fixed assets28 | €371,200 | €410,600 | €487,350 | €499,850 | €499,850 | = |
| Current assets29/58 | €750,709 | €525,841 | €628,919 | €892,537 | €4.1m | ▲ 358% |
| Amounts receivable after more than one year29 | - | €227,825 | €223,007 | €300,000 | €300,000 | = |
| Other amounts receivable291 | - | €227,825 | €223,007 | €300,000 | €300,000 | = |
| Amounts receivable within one year40/41 | €345,304 | €28,671 | €88,109 | €174,257 | €291,609 | ▲ 67.3% |
| Trade receivables40 | - | €17,089 | €19,747 | €30,250 | €0 | ▼ 100% |
| Other amounts receivable41 | - | €11,582 | €68,362 | €144,007 | €291,609 | ▲ 102% |
| Cash at bank and in hand54/58 | €168,171 | €269,345 | €317,802 | €418,279 | €3.5m | ▲ 735% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.2m | €1.3m | €1.4m | €2.0m | €5.6m | ▲ 179% |
| Equity10/15 | €875,141 | €887,823 | €1.0m | €1.3m | €4.6m | ▲ 261% |
| Contributions10/11 | - | €18,600 | €1,000 | €1,000 | €1,000 | = |
| Reserves13 | €856,541 | €869,223 | €1.0m | €1.3m | €4.6m | ▲ 261% |
| Non-distributable reserves130/1 | - | €1,860 | €0 | - | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €0 | - | - | - |
| Distributable reserves133 | - | €867,363 | €1.0m | €1.3m | €4.6m | ▲ 261% |
| Profit (loss) carried forward14 | - | - | €0 | €0 | €0 | - |
| Amounts payable17/49 | €289,959 | €396,139 | €398,064 | €742,809 | €1.0m | ▲ 37.5% |
| Amounts payable after more than one year17 | €84,927 | €302,643 | €259,202 | €602,246 | €675,825 | ▲ 12.2% |
| Financial debts170/4 | - | €302,643 | €259,202 | €602,246 | €675,825 | ▲ 12.2% |
| Amounts payable within one year42/48 | €205,032 | €93,496 | €138,862 | €140,563 | €345,483 | ▲ 146% |
| Current portion of amounts payable after more than one year42 | - | €51,223 | €43,441 | €72,484 | €82,393 | ▲ 13.7% |
| Trade debts44 | €95 | €1,785 | €0 | €2,093 | €0 | ▼ 100% |
| Suppliers440/4 | - | €1,785 | €0 | €2,093 | €0 | ▼ 100% |
| Advances received on contracts in progress46 | - | €3,106 | €0 | - | - | - |
| Taxes, remuneration and social security45 | - | €32,683 | €65,268 | €60,618 | €263,090 | ▲ 334% |
| Taxes450/3 | - | €32,683 | €65,268 | €60,618 | €263,090 | ▲ 334% |
| Other amounts payable47/48 | - | €4,698 | €30,153 | €5,368 | €0 | ▼ 100% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €331,276 | €212,682 | €240,725 | €303,140 | €3.4m | ▲ 1,025% |
| + Depreciation and write-downs630 | €15,279 | €19,938 | €26,000 | €36,355 | €76,796 | ▲ 111% |
| Operating cash flow (approximation) | €346,555 | €232,620 | €266,726 | €339,495 | €3.5m | ▲ 927% |
| Investment in fixed assets (approximation) | - | -€363,668 | -€70,102 | -€362,930 | -€501,387 | ▼ 38.1% |
| Change in cash | - | €101,173 | €48,458 | €100,477 | €3.1m | ▲ 2,959% |
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
2025
28-03
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €3.4m ▲1,025%
Net result €3.4m, the highest in the series.
31-12
Financial
Equity above €2mEq €4.6m ▲261%
7 profitable years in a row build equity to €4.6m.
17-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
19-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €1mEq €1.0m ▲16.4%
5 profitable years in a row build equity to €1.0m.
22-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
21-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
22-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet €56,348 ▼22.9%
Net result drops to €56,348, the lowest in the series; recovery starts the following year.
25-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
19-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
26-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
23-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
7 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, Wellen · 1 establishment unit since 2011
Ground area
602 m²
Building footprint
144 m²
Volume, LiDAR
896 m³
Parcel 73098F1198/00N000, Flanders · tallest building 8.7 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Accountantskantoor Koenen
since 20112.197.573.305
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73098F1198/00N000 | Flanders | 602 m² | 1 · 144 m² | 8.7 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.
Structure & network
Owners and holdings
2 holdingsOwners 0
The accounts to 31-12-2024 list no shareholders, and no other source names one.
Holdings 2
-
25%
-
25%
According to the 2024 annual accounts of KOENEN and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Recognitions · licences · registrations
Legal Entity Identifier
894500IVHAJ864QE0K81
Similar companies · same sector, comparable size
SPRL LERICHE MANAGEMENT ET CONSULTANCE
BE 0891.087.233
Soignies · Eq €4,663,629
FINEKO
BE 0458.916.007
Genk · Eq €4,532,771
SWINNEN KRISTOF & PARTNERS
BE 0477.576.530
Lier · Eq €4,496,947
IGNACE TAELMAN
BE 0426.502.961
Avelgem · Eq €4,485,824
FIDUNOT EXPERTISE
BE 0821.730.253
Wavre · Eq €4,772,879
Of 12,174 companies in sector 69201 we hold annual accounts for 7,641. 1,505 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
Founded18-03-2011
Fiscal year end31-12
Activities, NACEBEL 2025
69201Certified accountants and tax accountants
E-invoicing
Reachable via Peppol
Peppol ID
0208:0834769726
Also
9925:BE0834769726
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.