KOPA
ActiveSummary
KOPA has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €88k and a net result of €80k. Equity is growing by ~33.7% per year across the filed fiscal years. Its solvency ranks better than 63% of 14128 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+24
Solvency72▲+32
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days acceptable
Liquidity ample (current ratio 2.27 against 1.03 in 2024; short-term debt: 32% and cash: 64.2% of total assets), but 52.8% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
47.2%
Return on assets
42.7%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-06-2026, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
31 d early
2024
30 d early
2023
57 d early
2022
32 d early
2021
80 d early
2020
30 d early
2019
29 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€88k▲ 959%
2024 · €8k
2018: €4k
2019: €5k▲ +24.1% vs 2018
2020: €2k▼ -55.9% vs 2019lowest in 8 years
2021: €3k▲ +59.8% vs 2020
2022: €5k▲ +33.4% vs 2021
2023: €5k▲ +12.8% vs 2022
2024: €8k▲ +61.2% vs 2023
2025: €88k▲ +959% vs 2024highest in 8 years
2018 → 2025
Total assets
€186k▲ 246%
2024 · €54k
2018: €66k
2019: €70k▲ +6.2% vs 2018
2020: €65k▼ -6.9% vs 2019
2021: €64k▼ -1.5% vs 2020
2022: €59k▼ -7.9% vs 2021
2023: €57k▼ -4.4% vs 2022
2024: €54k▼ -5.1% vs 2023lowest in 8 years
2025: €186k▲ +246% vs 2024highest in 8 years
2018 → 2025
Net result
€80k▲ 2,426%
2024 · €3k
2018: €-704
2019: €2k▲ +350% vs 2018
2020: €-3k▼ -255% vs 2019lowest in 8 years
2021: €1k▲ +147% vs 2020
2022: €1k▼ -10.8% vs 2021
2023: €584▼ -48.9% vs 2022
2024: €3k▲ +440% vs 2023
2025: €80k▲ +2426% vs 2024highest in 8 years
2018 → 2025
Working capital
€76k▲ 18,234%
2024 · €413
2018: €-17klowest in 8 years
2019: €-13k▲ +22.8% vs 2018
2020: €-13k▲ +3.2% vs 2019
2021: €-9k▲ +31.2% vs 2020
2022: €-5k▲ +42.9% vs 2021
2023: €147▲ +103% vs 2022
2024: €413▲ +181% vs 2023
2025: €76k▲ +18234% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€3k-€5k▲ 33.4%€5k▲ 12.8%€8k▲ 61.2%€88k▲ 959%
2021: €3klowest in 5 years
2022: €5k▲ +33.4% vs 2021
2023: €5k▲ +12.8% vs 2022
2024: €8k▲ +61.2% vs 2023
2025: €88k▲ +959% vs 2024highest in 5 years
Operating result€4k-€3k▼ 27.7%€2k▼ 36.9%€5k▲ 179%€113k▲ 2,140%
2021: €4k
2022: €3k▼ -27.7% vs 2021
2023: €2k▼ -36.9% vs 2022lowest in 5 years
2024: €5k▲ +179% vs 2023
2025: €113k▲ +2140% vs 2024highest in 5 years
Net result€1k-€1k▼ 10.8%€584▼ 48.9%€3k▲ 440%€80k▲ 2,426%
2021: €1k
2022: €1k▼ -10.8% vs 2021
2023: €584▼ -48.9% vs 2022lowest in 5 years
2024: €3k▲ +440% vs 2023
2025: €80k▲ +2426% vs 2024highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 2,140% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €186k
Fixed assets
€51k ▲ 35.9%
Current assets
€135k ▲ 729%
Equity and liabilities €186k
Equity
€88k ▲ 959%
Debt
€98k ▲ 116%
Debt's share of the balance-sheet total falls from 84.6% to 52.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€120k▲
2024 · €10k
Cash flow
€86k▲
2024 · €8k
Current ratio
2.27▲
2024 · 1.03
Quick ratio
2.07▲
2024 · 0.37
Debt to equity
1.12▼
2024 · 5.48
ROE
90.6%▲
2024 · 38.0%
ROA
42.7%▲
2024 · 5.9%
Interest coverage
217.59▼
2024 · 238.28
Debt ≤ 1 year
€60k▲
2024 · €16k
Debt > 1 year
€39k▲
2024 · €30k
Income taxes
€39k▲
2024 · €2k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 50 lines
Balance sheet
Code20242025
Assets
Total assets20/58€54k€186k▲
Fixed assets21/28€38k€51k▲
Intangible fixed assets21€215-
Tangible fixed assets22/27€37k€51k▲
Land and buildings22€34k€26k▼
Plant, machinery and equipment23€3k€1k▼
Furniture and vehicles24-€24k
Current assets29/58€16k€135k▲
Stocks and contracts in progress3€10k€12k▲
Stocks30/36€10k€12k▲
Amounts receivable within one year40/41€4k€2k▼
Trade receivables40€4k€2k▼
Other amounts receivable41€512-
Cash at bank and in hand54/58€1k€120k▲
Deferred charges and accrued income490/1€514€2k▲
Equity and liabilities
Total equity and liabilities10/49€54k€186k▲
Equity10/15€8k€88k▲
Contributions10/11€19k€19k=
Reserves13€2k€69k▲
Distributable reserves133€2k€69k▲
Profit (loss) carried forward14€-12k-
Amounts payable17/49€46k€98k▲
Amounts payable after more than one year17€30k€39k▲
Financial debts170/4€30k€39k▲
Amounts payable within one year42/48€16k€60k▲
Current portion of amounts payable after more than one year42-€4k
Trade debts44€1k€2k▲
Suppliers440/4€1k€2k▲
Taxes, remuneration and social security45€876€38k▲
Taxes450/3€876€38k▲
Other amounts payable47/48€14k€16k▲
Income statement
Code20242025
Non-recurring operating income76A-€123k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€6k▲
Other operating charges640/8€744€634▼
Non-recurring operating charges66A-€127
Gross operating margin9900€11k€120k▲
Operating profit (loss)9901€5k€113k▲
Financial income75/76B€5€6k▲
Recurring financial income75€5€1▼
Non-recurring financial income76B-€6k
Financial charges65/66B€42€549▲
Recurring financial charges65€42€549▲
Profit (loss) for the period before taxes9903€5k€118k▲
Income taxes67/77€2k€39k▲
Profit (loss) for the period9904€3k€80k▲
Profit (loss) for the period to be appropriated9905€3k€80k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-12k€68k▲
Profit (loss) brought forward from the previous period14P€-15k€-12k▲
Transfer to equity691/2-€68k
To other reserves6921-€68k
The notes to these accounts (15 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €123k | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5k | €5k | €5k | €5k | €6k | ▲ 22.6% |
| Other operating charges640/8 | €468 | €348 | €496 | €744 | €634 | ▼ 14.8% |
| Non-recurring operating charges66A | - | - | - | - | €127 | - |
| Gross operating margin9900 | €9k | €8k | €7k | €11k | €120k | ▲ 1,019% |
| Operating profit (loss)9901 | €4k | €3k | €2k | €5k | €113k | ▲ 2,140% |
| Financial income75/76B | €1 | €6 | - | €5 | €6k | ▲ 114,266% |
| Recurring financial income75 | €1 | €6 | - | €5 | €1 | ▼ 78.8% |
| Non-recurring financial income76B | - | - | - | - | €6k | - |
| Financial charges65/66B | €2k | €423 | €142 | €42 | €549 | ▲ 1,208% |
| Recurring financial charges65 | €2k | €423 | €142 | €42 | €549 | ▲ 1,208% |
| Profit (loss) for the period before taxes9903 | €2k | €2k | €2k | €5k | €118k | ▲ 2,256% |
| Income taxes67/77 | €1k | €1k | €1k | €2k | €39k | ▲ 1,969% |
| Profit (loss) for the period9904 | €1k | €1k | €584 | €3k | €80k | ▲ 2,426% |
| Profit (loss) for the period to be appropriated9905 | €1k | €1k | €584 | €3k | €80k | ▲ 2,426% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €64k | €59k | €57k | €54k | €186k | ▲ 246% |
| Fixed assets21/28 | €48k | €44k | €41k | €38k | €51k | ▲ 35.9% |
| Intangible fixed assets21 | €1k | €858 | €537 | €215 | - | - |
| Tangible fixed assets22/27 | €47k | €43k | €40k | €37k | €51k | ▲ 36.7% |
| Land and buildings22 | €46k | €42k | €38k | €34k | €26k | ▼ 25.3% |
| Plant, machinery and equipment23 | €434 | €1k | €2k | €3k | €1k | ▼ 58.4% |
| Furniture and vehicles24 | - | - | - | - | €24k | - |
| Current assets29/58 | €16k | €15k | €16k | €16k | €135k | ▲ 729% |
| Stocks and contracts in progress3 | €12k | €13k | €12k | €10k | €12k | ▲ 18.8% |
| Stocks30/36 | €12k | €13k | €12k | €10k | €12k | ▲ 18.8% |
| Amounts receivable within one year40/41 | €2k | €286 | €3k | €4k | €2k | ▼ 61.1% |
| Trade receivables40 | €2k | - | €2k | €4k | €2k | ▼ 55.8% |
| Other amounts receivable41 | - | €286 | €798 | €512 | - | - |
| Cash at bank and in hand54/58 | €2k | €1k | €1k | €1k | €120k | ▲ 10,508% |
| Deferred charges and accrued income490/1 | €78 | €394 | €528 | €514 | €2k | ▲ 237% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €64k | €59k | €57k | €54k | €186k | ▲ 246% |
| Equity10/15 | €3k | €5k | €5k | €8k | €88k | ▲ 959% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €2k | €2k | €2k | €2k | €69k | ▲ 3,640% |
| Non-distributable reserves130/1 | €2k | €2k | - | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | - | - | - | - |
| Distributable reserves133 | - | - | €2k | €2k | €69k | ▲ 3,640% |
| Profit (loss) carried forward14 | €-17k | €-16k | €-15k | €-12k | - | - |
| Amounts payable17/49 | €61k | €55k | €52k | €46k | €98k | ▲ 116% |
| Amounts payable after more than one year17 | €35k | €35k | €35k | €30k | €39k | ▲ 31.1% |
| Financial debts170/4 | €35k | €35k | €35k | €30k | €39k | ▲ 31.1% |
| Amounts payable within one year42/48 | €25k | €20k | €16k | €16k | €60k | ▲ 274% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €4k | - |
| Trade debts44 | €2k | €1k | €897 | €1k | €2k | ▲ 132% |
| Suppliers440/4 | €2k | €1k | €897 | €1k | €2k | ▲ 132% |
| Taxes, remuneration and social security45 | €330 | €330 | - | €876 | €38k | ▲ 4,203% |
| Taxes450/3 | €330 | €330 | - | €876 | €38k | ▲ 4,203% |
| Other amounts payable47/48 | €23k | €18k | €15k | €14k | €16k | ▲ 13.2% |
| Accrued charges and deferred income492/3 | €1k | - | €847 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1k | €1k | €584 | €3k | €80k | ▲ 2,426% |
| + Depreciation and write-downs630 | €5k | €5k | €5k | €5k | €6k | ▲ 22.6% |
| Operating cash flow (approximation) | €6k | €6k | €5k | €8k | €86k | ▲ 959% |
| Investment in fixed assets (approximation) | - | €-805 | €-1k | €-2k | €-20k | ▼ 929% |
| Change in cash | - | €-761 | €12 | €-165 | €118k | ▲ 71,872% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €80k ▲2,426%
Operating result €113k, net result €80k, both a record.
31-12
Financial
Liquidity doublescurrent ratio 2.27
Current ratio from 1.03 to 2.27.
01-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
04-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
12-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €1k
Net result €1k after one loss-making year.
01-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €-3k
Net result drops to €-3k, the lowest in the series; recovery starts the following year.
02-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €2k
Net result €2k after one loss-making year.
Show earlier events
18-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
04-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
14-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Kortrijk · 1 establishment unit since 1993
Ground area
2,544 m²
Building footprint
752 m²
Parcel 34352F0912/00A000, Flanders. Linked by address, not a title deed.
1 establishment unit
KOPA
since 19932.055.210.957
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34352F0912/00A000 | Flanders | 2,544 m² | 1 · 752 m² | - |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
8945007FAHPKCRRATL09
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Of 9,143 companies in sector 68201 we hold annual accounts for 6,764. 4,042 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded31-10-1991
Fiscal year end31-12
Activities, NACEBEL 2025
68201Renting and operating of own or leased residential real estate, excluding social housing
32123Manufacture of jewellery
32130Manufacture of imitation jewellery and related articles
85510Sports and recreation education
96210Hairdressing and barber services
Scores and ratios are computed by Checked and are not a credit decision.