KÖSE CONSTRUCTION
ActiveSummary
KÖSE CONSTRUCTION has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €101k and a net result of €25k. Equity is growing by ~18.8% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2026
Axes · tick = 2025
Profitability85▲+21
Solvency79▲+45
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity ample (current ratio 1.82 against 1.02 in 2025; short-term debt: 45.6% and cash: 8.3% of total assets), and 45.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 42
Relative position
BE, all sectors
reference
Civil engineering (NACE 42)
about 27% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2026Solvency, return and age of the figures
Solvency
54.4%
Return on assets
13.2%
Age of the figures
3 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2026 was due by 31-01-2027 and was filed on 30-08-2026, 154 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2026
154 d early
2025
1 d early
2024
1 d early
2023
1 d early
2022
252 d late
2021
on the day
2020
2 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2027 and is due by 31-01-2028. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today30-06-2027 close31-01-2028 deadline
Financials · fiscal year 2026, micro schema
Equity
€101k▲ 32.0%
2025 · €77k
2019: €13klowest in 8 years
2020: €33k▲ +161% vs 2019
2021: €60k▲ +82.2% vs 2020
2022: €71k▲ +18.1% vs 2021
2023: €94k▲ +33.0% vs 2022
2024: €105k▲ +11.7% vs 2023highest in 8 years
2025: €77k▼ -27.2% vs 2024
2026: €101k▲ +32.0% vs 2025
2019 → 2026
Total assets
€186k▼ 77.9%
2025 · €844k
2019: €75k
2020: €75k▼ -0.1% vs 2019lowest in 8 years
2021: €323k▲ +332% vs 2020
2022: €873k▲ +170% vs 2021
2023: €1.06M▲ +21.2% vs 2022highest in 8 years
2024: €919k▼ -13.2% vs 2023
2025: €844k▼ -8.2% vs 2024
2026: €186k▼ -77.9% vs 2025
2019 → 2026
Net result
€25k
2025 · €-29k
2019: €6k
2020: €20k▲ +215% vs 2019
2021: €27k▲ +33.3% vs 2020highest in 8 years
2022: €11k▼ -59.8% vs 2021
2023: €23k▲ +115% vs 2022
2024: €11k▼ -53.0% vs 2023
2025: €-29k▼ -361% vs 2024lowest in 8 years
2026: €25k▲ +185% vs 2025
2019 → 2026
Working capital
€69k▲ 303%
2025 · €17k
2019: €10k
2020: €46k▲ +371% vs 2019
2021: €13k▼ -70.9% vs 2020
2022: €-27k▼ -303% vs 2021lowest in 8 years
2023: €73k▲ +368% vs 2022highest in 8 years
2024: €6k▼ -91.3% vs 2023
2025: €17k▲ +172% vs 2024
2026: €69k▲ +303% vs 2025
2019 → 2026
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20222023202420252026Trend
Equity€71k-€94k▲ 33.0%€105k▲ 11.7%€77k▼ 27.2%€101k▲ 32.0%
2022: €71klowest in 5 years
2023: €94k▲ +33.0% vs 2022
2024: €105k▲ +11.7% vs 2023highest in 5 years
2025: €77k▼ -27.2% vs 2024
2026: €101k▲ +32.0% vs 2025
Operating result€83k-€44k▼ 46.5%€36k▼ 18.2%€-25k€28k
2022: €83khighest in 5 years
2023: €44k▼ -46.5% vs 2022
2024: €36k▼ -18.2% vs 2023
2025: €-25k▼ -168% vs 2024lowest in 5 years
2026: €28k▲ +213% vs 2025
Net result€11k-€23k▲ 115%€11k▼ 53.0%€-29k€25k
2022: €11k
2023: €23k▲ +115% vs 2022
2024: €11k▼ -53.0% vs 2023
2025: €-29k▼ -361% vs 2024lowest in 5 years
2026: €25k▲ +185% vs 2025highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2026: €28k after a loss of €25k in 2025.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €186k
Fixed assets
€32k ▼ 58.6%
Current assets
€154k ▼ 79.9%
Equity and liabilities €186k
Equity
€101k ▲ 32.0%
Debt
€85k ▼ 88.9%
Debt's share of the balance-sheet total falls from 90.9% to 45.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€73k▲
2025 · €43k
Cash flow
€70k▲
2025 · €39k
Current ratio
1.82▲
2025 · 1.02
Debt to equity
0.84▼
2025 · 10.00
ROE
24.2%▲
2025 · -37.4%
ROA
13.2%▲
2025 · -3.4%
Interest coverage
23.65▲
2025 · 11.02
Debt ≤ 1 year
€85k▼
2025 · €749k
Staff costs
€48k▼
2025 · €166k
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 · 2026 against 2025 · 45 lines
Balance sheet
Code20252026
Assets
Total assets20/58€844k€186k▼
Fixed assets21/28€77k€32k▼
Tangible fixed assets22/27€77k€32k▼
Plant, machinery and equipment23€12k€10k▼
Furniture and vehicles24€19k€13k▼
Leasing and similar rights25€47k€9k▼
Current assets29/58€767k€154k▼
Amounts receivable within one year40/41€734k€139k▼
Trade receivables40€584k€114k▼
Other amounts receivable41€150k€25k▼
Cash at bank and in hand54/58€33k€16k▼
Equity and liabilities
Total equity and liabilities10/49€844k€186k▼
Equity10/15€77k€101k▲
Contributions10/11€6k€6k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€69k€93k▲
Amounts payable17/49€767k€85k▼
Amounts payable after more than one year17€17k-
Financial debts170/4€17k-
Amounts payable within one year42/48€749k€85k▼
Current portion of amounts payable after more than one year42€30k€17k▼
Trade debts44€326k€49k▼
Suppliers440/4€326k€49k▼
Advances received on contracts in progress46€253k-
Taxes, remuneration and social security45€141k€18k▼
Taxes450/3€87k€8k▼
Remuneration and social security454/9€54k€11k▼
Income statement
Code20252026
Non-recurring operating income76A€16k-
Remuneration, social security and pensions62€166k€48k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€67k€45k▼
Other operating charges640/8€6k€442▼
Gross operating margin9900€214k€121k▼
Operating profit (loss)9901€-25k€28k▲
Financial income75/76B€920-
Recurring financial income75€920-
Financial charges65/66B€4k€3k▼
Recurring financial charges65€4k€3k▼
Profit (loss) for the period before taxes9903€-27k€25k▲
Income taxes67/77€1k-
Profit (loss) for the period9904€-29k€25k▲
Profit (loss) for the period to be appropriated9905€-29k€25k▲
Appropriation of the result
Profit (loss) to be appropriated9906€69k€93k▲
Profit (loss) brought forward from the previous period14P€97k€69k▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €16k | - | - |
| Remuneration, social security and pensions62 | €105k | €211k | €119k | €166k | €48k | ▼ 71.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €57k | €64k | €64k | €67k | €45k | ▼ 33.0% |
| Other operating charges640/8 | €134k | €7k | €47k | €6k | €442 | ▼ 92.0% |
| Gross operating margin9900 | €378k | €326k | €266k | €214k | €121k | ▼ 43.6% |
| Operating profit (loss)9901 | €83k | €44k | €36k | €-25k | €28k | ▲ 213% |
| Financial income75/76B | €671 | €21 | €0 | €920 | - | - |
| Recurring financial income75 | €671 | €21 | €0 | €920 | - | - |
| Financial charges65/66B | €17k | €10k | €5k | €4k | €3k | ▼ 20.9% |
| Recurring financial charges65 | €17k | €10k | €5k | €4k | €3k | ▼ 20.9% |
| Profit (loss) for the period before taxes9903 | €66k | €35k | €31k | €-27k | €25k | ▲ 189% |
| Income taxes67/77 | €55k | €11k | €20k | €1k | - | - |
| Profit (loss) for the period9904 | €11k | €23k | €11k | €-29k | €25k | ▲ 185% |
| Profit (loss) for the period to be appropriated9905 | €11k | €23k | €11k | €-29k | €25k | ▲ 185% |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €873k | €1.06M | €919k | €844k | €186k | ▼ 77.9% |
| Fixed assets21/28 | €239k | €180k | €147k | €77k | €32k | ▼ 58.6% |
| Tangible fixed assets22/27 | €239k | €180k | €147k | €77k | €32k | ▼ 58.6% |
| Plant, machinery and equipment23 | €5k | €8k | €12k | €12k | €10k | ▼ 11.0% |
| Furniture and vehicles24 | €9k | €6k | €29k | €19k | €13k | ▼ 31.4% |
| Leasing and similar rights25 | €225k | €165k | €106k | €47k | €9k | ▼ 81.5% |
| Current assets29/58 | €634k | €879k | €772k | €767k | €154k | ▼ 79.9% |
| Amounts receivable within one year40/41 | €593k | €856k | €691k | €734k | €139k | ▼ 81.1% |
| Trade receivables40 | €528k | €783k | €607k | €584k | €114k | ▼ 80.5% |
| Other amounts receivable41 | €65k | €73k | €84k | €150k | €25k | ▼ 83.4% |
| Cash at bank and in hand54/58 | €41k | €22k | €81k | €33k | €16k | ▼ 53.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €873k | €1.06M | €919k | €844k | €186k | ▼ 77.9% |
| Equity10/15 | €71k | €94k | €105k | €77k | €101k | ▲ 32.0% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €63k | €86k | €97k | €69k | €93k | ▲ 35.8% |
| Amounts payable17/49 | €802k | €964k | €813k | €767k | €85k | ▼ 88.9% |
| Amounts payable after more than one year17 | €141k | €81k | €47k | €17k | - | - |
| Financial debts170/4 | €141k | €81k | €47k | €17k | - | - |
| Amounts payable within one year42/48 | €661k | €806k | €766k | €749k | €85k | ▼ 88.7% |
| Current portion of amounts payable after more than one year42 | €60k | €60k | €34k | €30k | €17k | ▼ 41.5% |
| Trade debts44 | €303k | €355k | €371k | €326k | €49k | ▼ 84.9% |
| Suppliers440/4 | €303k | €355k | €371k | €326k | €49k | ▼ 84.9% |
| Advances received on contracts in progress46 | €221k | €221k | €221k | €253k | - | - |
| Taxes, remuneration and social security45 | €76k | €160k | €135k | €141k | €18k | ▼ 87.1% |
| Taxes450/3 | €75k | €92k | €90k | €87k | €8k | ▼ 91.2% |
| Remuneration and social security454/9 | €524 | €68k | €45k | €54k | €11k | ▼ 80.4% |
| Other amounts payable47/48 | - | €10k | €5k | - | - | - |
| Accrued charges and deferred income492/3 | - | €77k | - | - | - | - |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €11k | €23k | €11k | €-29k | €25k | ▲ 185% |
| + Depreciation and write-downs630 | €57k | €64k | €64k | €67k | €45k | ▼ 33.0% |
| Operating cash flow (approximation) | €68k | €87k | €75k | €39k | €70k | ▲ 80.4% |
| Investment in fixed assets (approximation) | - | €-5k | €-31k | €2k | €0 | ▼ 100% |
| Change in cash | - | €-18k | €59k | €-48k | €-18k | ▲ 63.5% |
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 2027, expected by
2026
30-08
NBB filing
Annual accounts filed
fiscal year 2026 · micro schema
30-06
Financial
Back to profitnet €25k
Net result €25k after one loss-making year.
30-06
Financial
Equity above €100kEq €101k ▲32%
Equity rises from €77k to €101k.
30-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial
Weakest financial yearnet €-29k
Net result drops to €-29k, the lowest in the series; recovery starts the following year.
30-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-06
Financial
Equity above €100kEq €105k ▲11.7%
6 profitable years in a row build equity to €105k.
30-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
10-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 252 days late
2022
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
Financial
Highest result since 2019net €27k ▲33.3%
Net result €27k, the highest in the series.
02-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 2 days late
2020
30-06
Financial
Liquidity triplescurrent ratio 3.15
Current ratio from 1.18 to 3.15; short-term debt falls from €55k to €21k.
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 151 days late
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, Gent · 1 establishment unit since 2017
Ground area
57 m²
Building footprint
54 m²
Volume, LiDAR
548 m³
Parcel 44021A1840/00Y000, Flanders · tallest building 14.3 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
KÖSE CONSTRUCTION
since 20172.267.314.325
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44021A1840/00Y000 | Flanders | 57 m² | 1 · 54 m² | 14.3 m · 4 fl. |
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 2,327 companies in sector 42110 we hold annual accounts for 1,097. 741 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
Founded30-08-2017
Fiscal year end30-06
Activities, NACEBEL 2025
42110Construction of roads and motorways
Scores and ratios are computed by Checked and are not a credit decision.