KOSALI
ActiveSummary
KOSALI has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €57,783 and a net result of €70,506. Equity is growing by ~78.8% per year across the filed fiscal years. Its solvency ranks better than 37% of 37969 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability100=
Solvency69▲+3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,500 at 30 days acceptable
Liquidity ample (current ratio 1.88 against 1.7 in 2023; short-term debt: 52.8% and cash: 71.4% of total assets), but 56.2% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-08-2025, 27 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
27 d late
2023
31 d late
2022
32 d late
2021
28 d late
2020
89 d late
2019
97 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 51 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€57,783▲ 39.6%
2023 · €41,395
Total assets
€132,076▲ 31.3%
2023 · €100,580
Net result
€70,506▲ 10.9%
2023 · €63,553
Working capital
€61,239▲ 47.9%
2023 · €41,395
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result-€8,311▲ 68.9%€1,910€69,043▲ 3,514%€82,467▲ 19.4%€89,492▲ 8.5%
Net result-€8,369below the sector's middle half▲ 69.0%€1,633below the sector's middle half€60,076above the sector's middle half▲ 3,579%€63,553above the sector's middle half▲ 5.8%€70,506above the sector's middle half▲ 10.9%
Equity-€16,808below the sector's middle half▼ 99.2%-€15,175below the sector's middle half▲ 9.7%€24,901below the sector's middle half€41,395within the sector's middle half▲ 66.2%€57,783within the sector's middle half▲ 39.6%
Total assets€8,189below the sector's middle half▲ 167%€22,665below the sector's middle half▲ 177%€57,932below the sector's middle half▲ 156%€100,580within the sector's middle half▲ 73.6%€132,076within the sector's middle half▲ 31.3%
Debt€24,997▲ 117%€37,840▲ 51.4%€33,030▼ 12.7%€59,185▲ 79.2%€74,292▲ 25.5%
Working capital€454within the sector's middle half€11,437within the sector's middle half▲ 2,421%€24,671within the sector's middle half▲ 116%€41,395within the sector's middle half▲ 67.8%€61,239within the sector's middle half▲ 47.9%
Solvency-205.2%below the sector's middle half-67.0%below the sector's middle half▲ 138.3pp43.0%within the sector's middle half▲ 109.9pp41.2%within the sector's middle half▼ 1.8pp43.8%within the sector's middle half▲ 2.6pp
Current ratio1.07within the sector's middle half2.09within the sector's middle half▲ 1.021.75within the sector's middle half▼ 0.341.70within the sector's middle half▼ 0.051.88within the sector's middle half▲ 0.18
Return on assets (ROA)-102.2%below the sector's middle half7.2%within the sector's middle half▲ 109.4pp103.7%above the sector's middle half▲ 96.5pp63.2%above the sector's middle half▼ 40.5pp53.4%above the sector's middle half▼ 9.8pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2024 is 9% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €132,076
Fixed assets
€1,111
Current assets
€130,965
Equity and liabilities €132,076
Equity
€57,783 ▲ 39.6%
Debt
€74,292 ▲ 25.5%
Debt's share of the balance-sheet total falls from 58.8% to 56.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€89,510▲
2023 · €82,697
Cash flow
€70,523▲
2023 · €63,783
Debt to equity
1.29▼
2023 · 1.43
ROE
122.0%▼
2023 · 153.5%
Interest coverage
647.03▲
2023 · 537.76
Debt ≤ 1 year
€69,726▲
2023 · €59,185
Debt > 1 year
€4,566
Income taxes
€19,650▲
2023 · €19,183
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,970 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.5%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 26,970 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €465 | €465 | €465 | €231 | €17 | ▼ 92.4% |
| Other operating charges640/8 | - | €348 | €348 | €384 | €467 | ▲ 21.6% |
| Gross operating margin9900 | -€7,846 | €2,723 | €69,856 | €83,082 | €89,977 | ▲ 8.3% |
| Operating profit (loss)9901 | -€8,311 | €1,910 | €69,043 | €82,467 | €89,492 | ▲ 8.5% |
| Financial income75/76B | - | €3 | €10 | €422 | €802 | ▲ 89.8% |
| Recurring financial income75 | - | €3 | €10 | €422 | €802 | ▲ 89.8% |
| Financial charges65/66B | - | €280 | €131 | €154 | €138 | ▼ 10.0% |
| Recurring financial charges65 | €58 | €280 | €131 | €154 | €138 | ▼ 10.0% |
| Profit (loss) for the period before taxes9903 | -€8,369 | €1,633 | €68,922 | €82,735 | €90,156 | ▲ 9.0% |
| Income taxes67/77 | - | - | €8,846 | €19,183 | €19,650 | ▲ 2.4% |
| Profit (loss) for the period9904 | -€8,369 | €1,633 | €60,076 | €63,553 | €70,506 | ▲ 10.9% |
| Profit (loss) for the period to be appropriated9905 | -€8,369 | €1,633 | €60,076 | €63,553 | €70,506 | ▲ 10.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €8,189 | €22,665 | €57,932 | €100,580 | €132,076 | ▲ 31.3% |
| Fixed assets21/28 | €1,161 | €696 | €231 | - | €1,111 | - |
| Tangible fixed assets22/27 | €1,161 | €696 | €231 | - | €1,111 | - |
| Furniture and vehicles24 | - | €696 | €231 | - | €1,111 | - |
| Current assets29/58 | €7,029 | €21,969 | €57,701 | €100,580 | €130,965 | ▲ 30.2% |
| Amounts receivable within one year40/41 | €826 | €19,744 | €18,460 | €39,749 | €35,368 | ▼ 11.0% |
| Trade receivables40 | - | €19,744 | €16,421 | €27,304 | €26,777 | ▼ 1.9% |
| Other amounts receivable41 | - | - | €2,039 | €12,445 | €8,590 | ▼ 31.0% |
| Cash at bank and in hand54/58 | €5,370 | €1,475 | €38,491 | €59,282 | €94,239 | ▲ 59.0% |
| Deferred charges and accrued income490/1 | - | €750 | €750 | €1,549 | €1,359 | ▼ 12.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €8,189 | €22,665 | €57,932 | €100,580 | €132,076 | ▲ 31.3% |
| Equity10/15 | -€16,808 | -€15,175 | €24,901 | €41,395 | €57,783 | ▲ 39.6% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | - | - | - | €20,000 | €30,000 | ▲ 50.0% |
| Distributable reserves133 | - | - | - | €20,000 | €30,000 | ▲ 50.0% |
| Profit (loss) carried forward14 | -€35,408 | -€33,775 | €6,301 | €2,795 | €9,183 | ▲ 229% |
| Amounts payable17/49 | €24,997 | €37,840 | €33,030 | €59,185 | €74,292 | ▲ 25.5% |
| Amounts payable after more than one year17 | €18,422 | €27,308 | - | - | €4,566 | - |
| Other amounts payable178/9 | - | €27,308 | - | - | €4,566 | - |
| Amounts payable within one year42/48 | €6,575 | €10,532 | €33,030 | €59,185 | €69,726 | ▲ 17.8% |
| Trade debts44 | - | €4,235 | €3,154 | €459 | €1,352 | ▲ 195% |
| Suppliers440/4 | - | €4,235 | €3,154 | €459 | €1,352 | ▲ 195% |
| Taxes, remuneration and social security45 | - | €6,297 | €9,877 | €18,726 | €22,374 | ▲ 19.5% |
| Taxes450/3 | - | €4,739 | €9,877 | €18,726 | €19,333 | ▲ 3.2% |
| Remuneration and social security454/9 | - | €1,558 | - | - | €3,041 | - |
| Other amounts payable47/48 | - | - | €20,000 | €40,000 | €46,000 | ▲ 15.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€8,369 | €1,633 | €60,076 | €63,553 | €70,506 | ▲ 10.9% |
| + Depreciation and write-downs630 | €465 | €465 | €465 | €231 | €17 | ▼ 92.4% |
| Operating cash flow (approximation) | -€7,904 | €2,098 | €60,541 | €63,783 | €70,523 | ▲ 10.6% |
| Investment in fixed assets (approximation) | - | €0 | €0 | - | - | - |
| Change in cash | - | -€3,895 | €37,016 | €20,791 | €34,956 | ▲ 68.1% |
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
2025
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
2024
31-12
Financial
Highest result since 2019net €70,506 ▲10.9%
Operating result €89,492, net result €70,506, both a record.
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
2023
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 32 days late
2022
28-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 28 days late
2021
31-12
Financial
Back to profitnet €1,633
Net result €1,633 after 2 loss-making years.
28-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 89 days late
2020
31-12
Financial
Liquidity times 9current ratio 1.07
Current ratio from 0.12 to 1.07; short-term debt falls from €11,501 to €6,575.
05-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 97 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Wavre · 1 establishment unit since 2018
Ground area
1,305 m²
Building footprint
120 m²
Parcel 25055B0006/00N000, Wallonia. Linked by address, not a title deed.
1 establishment unit
KOSALI
since 20182.277.108.949
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25055B0006/00N000 | Wallonia | 1,305 m² | 1 · 120 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.
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,626. 38,832 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
Founded14-06-2018
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
64210Activities of holding companies
82300Organisation of conventions and trade shows
85592Vocational training
85599Other education
Contact
E-mail
depauw.valerie@gmail.comWavre
E-invoicing
Reachable via Peppol
Peppol ID
0208:0697912426
Also
9925:BE0697912426
Registered
24-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.