Konoha
ActiveFinancials · financial year 2026, full format
Annual accounts 2026 filed on 27-10-2026 at the NBB all 7 filings
Turnover
≈ €160,000
Estimated: probably between €84,000 and €300,000
EBIT margin
Not included in this filing
Net result
-€21,947▲ 9.9%
2025 · -€24,347
Working capital
-€39,493▼ 124%
2025 · -€17,594
Multi-year overview
2020 to 2026, 7 financial yearsOperating result
-€21,551
▼ 0.9%
2026
20202026
Net result
-€21,947
▲ 9.9%
2026
20202026
Equity
-€18,158
2026
20202026
Total assets
€54,311
▼ 29.0%
2026
20202026
Debt
€72,470
▼ 0.4%
2026
20202026
Working capital
-€39,493
▼ 124%
2026
20202026
Solvency
-33.4%
▼ 38.4pp
2026
20202026
Current ratio
0.46
▼ 0.30
2026
20202026
Return on assets (ROA)
-40.4%
▼ 8.6pp
2026
20202026
Staff (FTE)
0.5
2026
20202026
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2020202120222023202420252026
Operating result-€3,887--€3,063▲ 21.2%-€1,542▲ 49.7%-€3,322▼ 115%€38,599-€21,348-€21,551▼ 0.9%
Net result-€4,810--€3,884within the sector's middle half▲ 19.3%-€2,317within the sector's middle half▲ 40.3%-€4,363within the sector's middle half▼ 88.3%€37,311above the sector's middle half-€24,347below the sector's middle half-€21,947▲ 9.9%
Equity€1,390--€2,494within the sector's middle half-€4,811within the sector's middle half▼ 92.9%-€9,174below the sector's middle half▼ 90.7%€28,137within the sector's middle half€3,789within the sector's middle half▼ 86.5%-€18,158
Total assets€60,388-€71,207below the sector's middle half▲ 17.9%€74,306below the sector's middle half▲ 4.4%€50,420below the sector's middle half▼ 32.1%€90,179below the sector's middle half▲ 78.9%€76,534below the sector's middle half▼ 15.1%€54,311▼ 29.0%
Debt€58,998-€73,701▲ 24.9%€79,117▲ 7.3%€59,594▼ 24.7%€62,043▲ 4.1%€72,745▲ 17.2%€72,470▼ 0.4%
Working capital-€7,802--€8,597within the sector's middle half▼ 10.2%-€12,999within the sector's middle half▼ 51.2%-€19,313within the sector's middle half▼ 48.6%€10,888within the sector's middle half-€17,594within the sector's middle half-€39,493▼ 124%
Solvency2.3%--3.5%below the sector's middle half▼ 5.8pp-6.5%below the sector's middle half▼ 3.0pp-18.2%below the sector's middle half▼ 11.7pp31.2%within the sector's middle half▲ 49.4pp5.0%within the sector's middle half▼ 26.2pp-33.4%▼ 38.4pp
Current ratio0.59-0.77within the sector's middle half▲ 0.180.75within the sector's middle half▼ 0.020.52within the sector's middle half▼ 0.231.21within the sector's middle half▲ 0.690.75within the sector's middle half▼ 0.460.46▼ 0.30
Return on assets (ROA)-8.0%--5.5%within the sector's middle half▲ 2.5pp-3.1%within the sector's middle half▲ 2.3pp-8.7%below the sector's middle half▼ 5.5pp41.4%above the sector's middle half▲ 50.0pp-31.8%below the sector's middle half▼ 73.2pp-40.4%▼ 8.6pp
Staff (FTE)0.5
above
within
below
The sector band is the middle half of the companies in Accommodation (NACE 55). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2026 is a loss of €21,551, larger than the loss of €21,348 in 2025. It is the lowest result since 2022.
The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €54,311
Fixed assets
€21,335 ▼ 9.5%
Current assets
€32,977 ▼ 37.7%
Equity and liabilities
Equity-€18,158
Debt€72,470
Equity is negative. Debt (€72,470) exceeds the balance-sheet total (€54,311).
Key figures and ratios
EBITDA
-€15,870▼
2025 · -€15,313
Cash flow
-€16,266▲
2025 · -€18,312
Interest coverage
-39.97▼
2025 · -17.22
Debt ≤ 1 year
€72,470▲
2025 · €70,561
Staff costs
€59,532
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-03-2026 |
|---|---|
| in full-time equivalents | 0.5 |
| Average over the year, in full-time equivalents | 0.5 |
| On a permanent contract | 1 |
| Joined | 1 |
| Left | 0 |
Source: social balance sheet in the 2026 annual accounts
Investments
| Item | 31-03-2022 | 31-03-2023 | 31-03-2024 | 31-03-2025 | 31-03-2026 |
|---|---|---|---|---|---|
| Tangible fixed assets | €781 | - | €4,895 | €1,525 | €3,449 |
| Depreciation and write-downs of the year | €7,010 | €6,414 | €5,834 | €6,035 | €5,681 |
Source: notes to the 2022 to 2026 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | - | - | - | €59,532 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,003 | €7,152 | €7,010 | €6,414 | €5,834 | €6,035 | €5,681 | ▼ 5.9% |
| Other operating charges640/8 | - | - | €351 | €453 | €537 | €417 | €580 | ▲ 38.9% |
| Non-recurring operating charges66A | - | - | - | - | €455 | - | - | - |
| Gross operating margin9900 | €4,550 | €4,561 | €5,818 | €3,545 | €45,426 | -€14,895 | €44,242 | - |
| Operating profit (loss)9901 | -€3,887 | -€3,063 | -€1,542 | -€3,322 | €38,599 | -€21,348 | -€21,551 | ▼ 0.9% |
| Financial income75/76B | - | - | €106 | €0 | €5 | €32 | €0 | ▼ 99.8% |
| Recurring financial income75 | - | €0 | €106 | €0 | €5 | €32 | €0 | ▼ 99.8% |
| Financial charges65/66B | - | - | €882 | €792 | €1,043 | €889 | €397 | ▼ 55.4% |
| Recurring financial charges65 | €923 | €820 | €882 | €792 | €1,043 | €889 | €397 | ▼ 55.4% |
| Profit (loss) for the period before taxes9903 | -€4,810 | -€3,884 | -€2,317 | -€4,113 | €37,561 | -€22,206 | -€21,947 | ▲ 1.2% |
| Income taxes67/77 | - | - | - | €250 | €250 | €2,142 | - | - |
| Profit (loss) for the period9904 | -€4,810 | -€3,884 | -€2,317 | -€4,363 | €37,311 | -€24,347 | -€21,947 | ▲ 9.9% |
| Profit (loss) for the period to be appropriated9905 | -€4,810 | -€3,884 | -€2,317 | -€4,363 | €37,311 | -€24,347 | -€21,947 | ▲ 9.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €60,388 | €71,207 | €74,306 | €50,420 | €90,179 | €76,534 | €54,311 | ▼ 29.0% |
| Fixed assets21/28 | €49,267 | €42,115 | €35,886 | €29,472 | €28,078 | €23,567 | €21,335 | ▼ 9.5% |
| Intangible fixed assets21 | €5,062 | €3,962 | €2,862 | €1,762 | €726 | €0 | - | - |
| Tangible fixed assets22/27 | €44,206 | €38,153 | €33,024 | €27,710 | €27,351 | €23,567 | €21,335 | ▼ 9.5% |
| Plant, machinery and equipment23 | - | - | €16,860 | €13,941 | €11,174 | €8,862 | €6,550 | ▼ 26.1% |
| Furniture and vehicles24 | - | - | - | - | - | - | €2,014 | - |
| Other tangible fixed assets26 | - | - | €16,164 | €13,770 | €16,178 | €14,705 | €12,771 | ▼ 13.2% |
| Current assets29/58 | €11,120 | €29,092 | €38,420 | €20,947 | €62,101 | €52,967 | €32,977 | ▼ 37.7% |
| Amounts receivable within one year40/41 | €7,815 | €10,312 | €18,063 | €14,184 | €27,018 | €35,077 | €25,796 | ▼ 26.5% |
| Trade receivables40 | - | - | €18,063 | €14,184 | €26,673 | €27,077 | €20,796 | ▼ 23.2% |
| Other amounts receivable41 | - | - | - | - | €346 | €8,000 | €5,000 | ▼ 37.5% |
| Cash at bank and in hand54/58 | €3,305 | €18,684 | €20,357 | €6,764 | €35,083 | €17,890 | €7,181 | ▼ 59.9% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €60,388 | €71,207 | €74,306 | €50,420 | €90,179 | €76,534 | €54,311 | ▼ 29.0% |
| Equity10/15 | €1,390 | -€2,494 | -€4,811 | -€9,174 | €28,137 | €3,789 | -€18,158 | - |
| Contributions10/11 | €6,200 | - | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Contributions outside capital11 | - | - | €6,200 | €6,200 | - | - | €6,200 | - |
| Other1109/19 | - | - | €6,200 | €6,200 | - | - | €6,200 | - |
| Profit (loss) carried forward14 | -€4,810 | -€8,694 | -€11,011 | -€15,374 | €21,937 | -€2,411 | -€24,358 | ▼ 910% |
| Amounts payable17/49 | €58,998 | €73,701 | €79,117 | €59,594 | €62,043 | €72,745 | €72,470 | ▼ 0.4% |
| Amounts payable after more than one year17 | €39,988 | €35,925 | €27,698 | €19,333 | €10,829 | €2,184 | - | - |
| Financial debts170/4 | - | - | €27,698 | €19,333 | €10,829 | €2,184 | - | - |
| Amounts payable within one year42/48 | €18,923 | €37,689 | €51,419 | €40,260 | €51,213 | €70,561 | €72,470 | ▲ 2.7% |
| Current portion of amounts payable after more than one year42 | - | - | €8,227 | €8,365 | €8,504 | €8,646 | €2,184 | ▼ 74.7% |
| Trade debts44 | €1,788 | €4,582 | €2,559 | €9,279 | €11,255 | €26,556 | €9,898 | ▼ 62.7% |
| Suppliers440/4 | - | - | €2,559 | €9,279 | €11,255 | €26,556 | €9,898 | ▼ 62.7% |
| Taxes, remuneration and social security45 | - | - | - | - | - | - | €7,907 | - |
| Taxes450/3 | - | - | - | - | - | - | €736 | - |
| Remuneration and social security454/9 | - | - | - | - | - | - | €7,171 | - |
| Other amounts payable47/48 | - | - | €40,633 | €22,616 | €31,454 | €35,359 | €52,481 | ▲ 48.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€4,810 | -€3,884 | -€2,317 | -€4,363 | €37,311 | -€24,347 | -€21,947 | ▲ 9.9% |
| + Depreciation and write-downs630 | €8,003 | €7,152 | €7,010 | €6,414 | €5,834 | €6,035 | €5,681 | ▼ 5.9% |
| Operating cash flow (approximation) | €3,193 | €3,268 | €4,692 | €2,051 | €43,145 | -€18,312 | -€16,266 | ▲ 11.2% |
| Investment in fixed assets (approximation) | - | €0 | -€781 | €0 | -€4,440 | -€1,525 | -€3,449 | ▼ 126% |
| Change in cash | - | €15,379 | €1,673 | -€13,593 | €28,320 | -€17,194 | -€10,709 | ▲ 37.7% |
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, 6,008 companies had the same profile as Konoha has now. Two years later, 83.0% were still going and 7.9% had gone bankrupt.
- Micro
- 5 to 10 years old
- negative equity
- a loss of 10% of the balance sheet or more
83.0%
was still going
8.4%
stopped otherwise
7.9%
went bankrupt
Another 0.8% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Konoha itself: 2.7% 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 6,008 companies, not a prediction for Konoha. 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.
Filings with the National Bank (7)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-03-2026 | full format | 27-10-2026 | 2026-00569307 | |
| 31-03-2025 | micro format | 02-10-2025 | 2025-00527783 | |
| 31-03-2024 | micro format | 17-09-2024 | 2024-00467465 | |
| 31-03-2023 | micro format | 30-09-2023 | 2023-00466128 | |
| 31-03-2022 | micro format | 15-09-2022 | 2022-20431239 | |
| 31-03-2021 | full format | 18-11-2021 | 2021-77600367 | |
| 31-03-2020 | full format | 05-11-2020 | 2020-70000518 |