Koltra
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 30-07-2026 at the NBB all 2 filings
Every figure per financial year
The operating result for 2025 is 43% higher than in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Investments
| Item | 2024 | 2025 |
|---|---|---|
| Tangible fixed assets | €34,713 | €1,032 |
| Financial fixed assets | €2,550 | - |
| Depreciation and write-downs of the year | €5,625 | €7,115 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2025 · 1 entry · €1,799 awarded · €1,799 paid| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,625 | €7,115 | ▲ 26.5% |
| Other operating charges640/8 | €615 | €784 | ▲ 27.3% |
| Gross operating margin9900 | €28,157 | €39,214 | ▲ 39.3% |
| Operating profit (loss)9901 | €21,917 | €31,316 | ▲ 42.9% |
| Financial income75/76B | €11,938 | €153 | ▼ 98.7% |
| Recurring financial income75 | €11,938 | €153 | ▼ 98.7% |
| Financial charges65/66B | €977 | €847 | ▼ 13.3% |
| Recurring financial charges65 | €977 | €847 | ▼ 13.3% |
| Profit (loss) for the period before taxes9903 | €32,878 | €30,622 | ▼ 6.9% |
| Income taxes67/77 | €9,410 | €6,500 | ▼ 30.9% |
| Profit (loss) for the period9904 | €23,468 | €24,122 | ▲ 2.8% |
| Profit (loss) for the period to be appropriated9905 | €23,468 | €24,122 | ▲ 2.8% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €67,657 | €69,720 | ▲ 3.0% |
| Fixed assets21/28 | €31,638 | €25,555 | ▼ 19.2% |
| Tangible fixed assets22/27 | €29,088 | €23,005 | ▼ 20.9% |
| Furniture and vehicles24 | €29,088 | €23,005 | ▼ 20.9% |
| Financial fixed assets28 | €2,550 | €2,550 | = |
| Current assets29/58 | €36,019 | €44,165 | ▲ 22.6% |
| Amounts receivable after more than one year29 | - | €17,500 | - |
| Other amounts receivable291 | - | €17,500 | - |
| Amounts receivable within one year40/41 | €7,949 | €8,330 | ▲ 4.8% |
| Trade receivables40 | €7,945 | €7,700 | ▼ 3.1% |
| Other amounts receivable41 | €3 | €630 | ▲ 183× |
| Current investments50/53 | €700 | €2,275 | ▲ 225% |
| Cash at bank and in hand54/58 | €26,521 | €16,060 | ▼ 39.4% |
| Deferred charges and accrued income490/1 | €850 | - | - |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €67,657 | €69,720 | ▲ 3.0% |
| Equity10/15 | €25,968 | €50,090 | ▲ 92.9% |
| Contributions10/11 | €2,500 | €2,500 | = |
| Reserves13 | €23,468 | €47,590 | ▲ 103% |
| Distributable reserves133 | €23,468 | €47,590 | ▲ 103% |
| Amounts payable17/49 | €41,689 | €19,630 | ▼ 52.9% |
| Amounts payable after more than one year17 | €10,292 | €2,103 | ▼ 79.6% |
| Financial debts170/4 | €10,292 | €2,103 | ▼ 79.6% |
| Amounts payable within one year42/48 | €31,397 | €17,527 | ▼ 44.2% |
| Current portion of amounts payable after more than one year42 | €7,845 | €8,189 | ▲ 4.4% |
| Trade debts44 | €1,502 | €2,577 | ▲ 71.6% |
| Suppliers440/4 | €1,502 | €2,577 | ▲ 71.6% |
| Taxes, remuneration and social security45 | €6,477 | €6,760 | ▲ 4.4% |
| Taxes450/3 | €6,477 | €6,760 | ▲ 4.4% |
| Other amounts payable47/48 | €15,573 | - | - |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €23,468 | €24,122 | ▲ 2.8% |
| + Depreciation and write-downs630 | €5,625 | €7,115 | ▲ 26.5% |
| Operating cash flow (approximation) | €29,093 | €31,237 | ▲ 7.4% |
| Investment in fixed assets (approximation) | - | -€1,032 | - |
| Change in cash | - | -€10,461 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 39,278 companies had the same profile as Koltra has now. Two years later, 95.8% were still going and 1.8% had gone bankrupt.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Koltra itself: 1.2% within 12 months.
Test of the method
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 39,278 companies, not a prediction for Koltra. 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.