Equity
KOH-I-NOOR has made a profit without a break since 2013.
KOH-I-NOOR has made a profit without a break since 2013.
The result fell in 2025 from €167,737 to €45,307.
The accounts state no turnover.
In 2025, 72 people joined and 72 left.
The last five annual accounts were filed 21 to 37 days before the end of the period.
More equity than 86% of companies in personal services. Sector median €54,775 · 1,379 companies.
The dashed line is the sector median: 0.7% across 7,627 companies (NACE 96, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 96, micro). It does better than 66% of them on solvency, 74% on liquidity, 43% on profitability and 52% on growth.
The bankruptcy probability was computed on 04-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 17,041 companies had the same profile as KOH-I-NOOR has now. Each dot stands for 43 companies, two years later.
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of KOH-I-NOOR itself: 0.1% within 12 months.
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 17,041 companies, not a prediction for KOH-I-NOOR. 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.
Liquidity is ample, with a current ratio of 1.97 (1.83 in 2024), above the usual 1.5. Short-term debt is 15.6% and cash 18.8% of total assets. However, 52.9% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 34 days before the deadline. In the sector (NACE 96), the median for financial year 2024 was on the deadline day, and 48% of those companies filed late.
| Company | Total assets | Gross margin | Solvency | Staff |
|---|---|---|---|---|
| KOH-I-NOOR Antwerp | €1.5m | €228,962 | 47.1% | 1.1 |
| POMPES FUNEBRES FOSTIER Montigny-le-Tilleul | €1.5m | €235,639 | 48.3% | 1 |
| LES FUNERAILLES LASNOISES Rixensart | €1.5m | €303,618 | 37.5% | 1.5 |
| MAISON GIERENS Bastogne | €2.0m | €349,786 | 29.4% | 1 |
| VAN DE VELDE Lievegem | €2.0m | €290,442 | 31.8% | 1.4 |
| BEGRAFENISONDERNEMING DE WULF Deinze | €1.2m | €366,970 | 44.9% | 1.4 |
| UITVAARTVERZORGING VAN DEN DRIESSCHE Geraardsbergen | €1.7m | €385,380 | 56.4% | 1.2 |
These companies have the same main activity as KOH-I-NOOR: funeral services (NACE 96301). They are comparable in size and age: total assets between €1.2m and €2m, founded between 1994 and 2007.
KOH-I-NOOR files the abbreviated format. That format states no turnover. The gross margin rose from -€1,097 in 2007 to €228,962 in 2025.
The balance sheet grew most from 2022 to 2024 through fixed assets, financed with long-term debt.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
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