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KOJIN

Active
Private limited companyfounded 2024active for 2 yearsMinderbroedersstraat 16, 3800 Sint-Truiden, BelgiumKBO/BCE: BE 1011.241.628

Financials · financial year 2025, micro format

2025 annual accounts filed 34 days after the deadline Filed on 3 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00507638.

Annual accounts 2025 filed on 03-09-2026 at the NBB

Turnover
≈ €1.3m
Estimated: probably between €1.2m and €1.6m
Total assets
€447,786
Net result
€268,786
Working capital
€257,616

Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.

Balance-sheet composition
Assets €447,786
Fixed assets €19,414
Current assets €428,372
Equity and liabilities €447,786
Equity €271,786
Debt €176,000
Debt's share of the balance-sheet total is 39.3%.
Key figures and ratios
2025 value
EBITDA
€360,364
Cash flow
€279,379
Current ratio
2.51
Debt to equity
0.65
ROE
98.9%
ROA
60.0%
Interest coverage
71.63
Debt ≤ 1 year
€170,756
Debt > 1 year
€5,244
Income taxes
€87,022
Staff costs
€194,534

Staff

social balance sheet
Item31-12-2025
Employees at the balance-sheet date5
full-time2
part-time3
in full-time equivalents4.5
Average over the year, in full-time equivalents3.1
On a permanent contract3
Joined34
Left29

Source: social balance sheet in the 2025 annual accounts

Investments

fixed assets acquired
Item2025
Tangible fixed assets€30,007
Depreciation and write-downs of the year€10,593

Source: notes to the 2025 annual accounts (statement of fixed assets)

Comparable companies

These companies have the same main activity as KOJIN: full-service restaurants (NACE 56111). They are comparable in size and age: total assets between €394,000 and €572,000, founded in 2024.

CompanyFoundedTotal assetsEquityGross marginTurnoverNet resultFTEFinancial year
KOJIN Sint-Truiden2024€447,786€271,786€558,503-€268,786-2025
Mandal Antwerpen2024€419,852€251,588€554,457-€250,588-2025
RJDS Liège2024€406,147€237,276€509,004€949,516€227,276-2025
WOK GARDEN MARCHE Marche-en-Famenne2024€516,224€97,286€519,290-€98,534-2025
MATTO Turnhout2024€394,033€230,853€550,706-€225,803-2025
Faits Divers Belgium Gent2024€511,077€93,738€496,196-€15,375-2025
De Zwaan Godsheide Hasselt2024€571,831€247,207€619,118--€3,59011.32025

They were chosen from the 12,109 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity

Companies with the same profile, two years later

Historical observation

In July 2024, 39,278 companies had the same profile as KOJIN has now. Two years later, 1.8% had gone bankrupt and 95.9% were still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.8% went bankrupt
2.3% stopped otherwise
95.9% was still going

The bankruptcy probability of KOJIN itself is higher: 2.6% within 12 months. It rests on far more data about KOJIN than the profile alone.

Test of the method

The method was tested on the 497,445 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.

The companies in ten equal groups, from the lowest to the highest expected share
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 39,278 companies, not a prediction for KOJIN. 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.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 · 42 lines

Source: Annual accounts 2025 at the NBB, filed on 03-09-2026.

Balance sheet Code2025
Assets
Total assets20/58€447,786
Fixed assets21/28€19,414
Tangible fixed assets22/27€19,414
Plant, machinery and equipment23€4,764
Furniture and vehicles24€3,065
Other tangible fixed assets26€11,585
Current assets29/58€428,372
Amounts receivable within one year40/41€412,769
Trade receivables40€9,050
Other amounts receivable41€403,719
Cash at bank and in hand54/58€14,883
Deferred charges and accrued income490/1€721
Equity and liabilities
Total equity and liabilities10/49€447,786
Equity10/15€271,786
Contributions10/11€3,000
Profit (loss) carried forward14€268,786
Amounts payable17/49€176,000
Amounts payable after more than one year17€5,244
Financial debts170/4€5,244
Amounts payable within one year42/48€170,756
Current portion of amounts payable after more than one year42€7,816
Financial debts43€3,045
Credit institutions430/8€3,045
Trade debts44€28,959
Suppliers440/4€28,959
Taxes, remuneration and social security45€130,936
Taxes450/3€113,151
Remuneration and social security454/9€17,785
Income statement Code2025
Remuneration, social security and pensions62€194,534
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10,593
Other operating charges640/8€3,605
Gross operating margin9900€558,503
Operating profit (loss)9901€349,770
Financial income75/76B€11,068
Recurring financial income75€11,068
Financial charges65/66B€5,031
Recurring financial charges65€5,031
Profit (loss) for the period before taxes9903€355,808
Income taxes67/77€87,022
Profit (loss) for the period9904€268,786
Profit (loss) for the period to be appropriated9905€268,786
Appropriation of the result
Profit (loss) to be appropriated9906€268,786

The notes to these accounts have 6 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Line2025
Remuneration, social security and pensions62€194,534
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10,593
Other operating charges640/8€3,605
Gross operating margin9900€558,503
Operating profit (loss)9901€349,770
Financial income75/76B€11,068
Recurring financial income75€11,068
Financial charges65/66B€5,031
Recurring financial charges65€5,031
Profit (loss) for the period before taxes9903€355,808
Income taxes67/77€87,022
Profit (loss) for the period9904€268,786
Profit (loss) for the period to be appropriated9905€268,786
Line2025
Assets
Total assets20/58€447,786
Fixed assets21/28€19,414
Tangible fixed assets22/27€19,414
Plant, machinery and equipment23€4,764
Furniture and vehicles24€3,065
Other tangible fixed assets26€11,585
Current assets29/58€428,372
Amounts receivable within one year40/41€412,769
Trade receivables40€9,050
Other amounts receivable41€403,719
Cash at bank and in hand54/58€14,883
Deferred charges and accrued income490/1€721
Equity and liabilities
Total equity and liabilities10/49€447,786
Equity10/15€271,786
Contributions10/11€3,000
Profit (loss) carried forward14€268,786
Amounts payable17/49€176,000
Amounts payable after more than one year17€5,244
Financial debts170/4€5,244
Amounts payable within one year42/48€170,756
Current portion of amounts payable after more than one year42€7,816
Financial debts43€3,045
Credit institutions430/8€3,045
Trade debts44€28,959
Suppliers440/4€28,959
Taxes, remuneration and social security45€130,936
Taxes450/3€113,151
Remuneration and social security454/9€17,785
Line2025
Profit (loss) for the period9904€268,786
+ Depreciation and write-downs630€10,593
Operating cash flow (approximation)€279,379

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

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Filings with the National Bank (1)
Financial year Type Filed Reference Document
31-12-2025 micro format 03-09-2026 2026-00507638 NBB

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