KOI-NEXION

Inactive

KBO/BCE: BE 0872.874.393

KOI-NEXION was declared bankrupt on 16-05-2023 (Ondernemingsrechtbank Brussel); the bankruptcy was closed for insufficient assets by judgment of 25-03-2025, published in the Belgian State Gazette on 22-05-2025.

No longer registered with the KBO; last annual accounts for fiscal year 2020.

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Signals

Four signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Prior bankruptcy

Earlier bankruptcy on record in the Belgian State Gazette, no current open procedure.

Belgian State Gazette

No filing for years

The last filed financial year closed on 31-12-2020. Since then, 5 financial years are missing. This points to a standstill, not an imminent failure.

NBB · 10 filings

Position against the passed deadline

31-12-2021 close31-07-2022 deadline21-09-2026 today

Filed more than 90 days late

The financial year that closed on 31-12-2020 was due by 31-07-2021 and was filed on 24-05-2022, 297 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.

NBB · 10 filings

Deviation from the deadline

2025

not confirmed

2024

not filed

2023

not filed

2022

not filed

2021

not filed

2020

297 d late

2019

661 d late

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2020, full schema

Turnover

€77k▼ 17.8%

2019 · €94k

2019: €94k

2019 → 2020

EBIT margin

26.9%▼ 30.8pp

2019 · 57.7%

2019: 57.7%

2019 → 2020

Net result

€21k▼ 61.6%

2019 · €54k

2018: €5k 2019: €54k

2018 → 2020

Working capital

€14k

2019 · €-4k

2018: €-60k 2019: €-4k

2018 → 2020

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line201820192020Trend

Turnover€94k€77k▼ 17.8%

Equity€-60k-€-6k▲ 90.3%€15k

Operating result€8k-€54k▲ 563%€21k▼ 61.6%

Net result€5k-€54k▲ 939%€21k▼ 61.6%

Result per fiscal year

Operating resultNet result

The operating result falls in 2020; 2020 is 62% below 2019.

Balance-sheet composition

2020 in colour, 2019 as the grey bar beneath

Assets €45k

98.5%

Fixed assets €674▼ 10.4%

Current assets €44k▲ 188%

Equity and liabilities €45k

33.3%

66.7%

Equity €15k

Debt €30k

Debt finances 66.7% of the balance-sheet total.

Key figures and ratios

2020 value · change against 2019

EBITDA

€21k▼

2019 · €54k

Cash flow

€21k▼

2019 · €54k

Solvency

33.3%▲

2019 · -36.0%

Current ratio

1.48▲

2019 · 0.81

Quick ratio

1.28▲

2019 · 0.50

Debt / equity

2.01▲

2019 · -3.78

ROE

138.8%

ROA

46.2%▼

2019 · 335.4%

Debt

€30k▲

2019 · €22k

Debt ≤ 1 year

€30k▲

2019 · €19k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2020 against 2019

Balance sheet Code20192020

Assets

Total assets20/58€16k€45k▲

Fixed assets21/28€753€674▼

Tangible fixed assets22/27€706€674▼

Plant, machinery and equipment23€591€496▼

Furniture and vehicles24€115€178▲

Financial fixed assets28€47€0▼

Current assets29/58€15k€44k▲

Stocks and contracts in progress3€6k€6k=

Stocks30/36€6k€6k=

Amounts receivable within one year40/41€4k€30k▲

Trade receivables40€3k€8k▲

Other amounts receivable41€494€22k▲

Cash at bank and in hand54/58€6k€9k▲

Equity and liabilities

Total equity and liabilities10/49€16k€45k▲

Equity10/15€-6k€15k▲

Contributions10/11€19k€19k=

Capital10€19k€19k=

Issued capital100€19k€19k=

Profit (loss) carried forward14€-24k€-4k▲

Amounts payable17/49€22k€30k▲

Amounts payable within one year42/48€19k€30k▲

Trade debts44€8k€19k▲

Suppliers440/4€8k€19k▲

Taxes, remuneration and social security45€9k€11k▲

Taxes450/3€9k€11k▲

Other amounts payable47/48€2k-

Accrued charges and deferred income492/3€3k€164▼

Income statement Code20192020

Turnover70€94k€77k▼

Goods, raw materials, services and sundry goods60/61-€56k

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€177€213▲

Other operating charges640/8-€369

Gross operating margin9900€54k€21k▼

Operating profit (loss)9901€54k€21k▼

Profit (loss) for the period before taxes9903€54k€21k▼

Profit (loss) for the period9904€54k€21k▼

Profit (loss) for the period to be appropriated9905€54k€21k▼

Appropriation of the result

Profit (loss) to be appropriated9906€-24k€-4k▲

Profit (loss) brought forward from the previous period14P€-79k€-24k▲

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 13Signals 2Financial 1Filings 10

2025

22-05

Bankruptcy Bankruptcy closure (insufficient assets)

Ondernemingsrechtbank Brussel · KOI-NEXION BV WATERLOOSE STEENWEG 266 266, 1640 SINT-GENESIUS-RODE · event 25-03-2025

2023

25-05

Bankruptcy Opening

Ondernemingsrechtbank Brussel · KOI-NEXION BV WATERLOOSE STEENWEG 266 266, 1640 SINT-GENESIUS-RODE · event 16-05-2023

2022

24-05

NBB filing Annual accounts filed

fiscal year 2020 · full schema · 297 days late

23-05

NBB filing Annual accounts filed

fiscal year 2019 · full schema · 661 days late

2019

31-12

Financial Highest result since 2018net €54k ▲939%

Operating result €54k, net result €54k, both a record.

10-07

NBB filing Annual accounts filed

fiscal year 2018 · micro schema

2018

04-06

NBB filing Annual accounts filed

fiscal year 2017 · micro schema

2017

18-07

NBB filing Annual accounts filed

fiscal year 2016 · micro schema

2016

07-06

NBB filing Annual accounts filed

fiscal year 2015 · abbreviated schema

2015

11-06

NBB filing Annual accounts filed

fiscal year 2014 · abbreviated schema

2014

02-06

NBB filing Annual accounts filed

fiscal year 2013 · abbreviated schema

2013

14-06

NBB filing Annual accounts filed

fiscal year 2012 · abbreviated schema

2012

20-07

NBB filing Annual accounts filed

fiscal year 2011 · abbreviated schema

SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.

Location & real-estate footprint

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Insolvency mandates

1 mandate

Role	Name	Tenure
Curator	JENS VREBOS EZELSTRAAT 25, 8000 BRUGGE- ↔ Also on 163 other cases	16-05-2023 → present