Equity
KOSHI has made a profit in every financial year since 2019.
The dashed line is the sector median: 1.8% across 23,791 companies (NACE 56, micro).
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 56, micro). It does better than 68% of them on solvency, 83% on liquidity, 78% on profitability and 81% on growth.
The bankruptcy probability was computed on 06-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 30-06-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 26,972 companies had the same profile as KOSHI has now. Each dot stands for 68 companies, two years later.
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of KOSHI itself: 1.1% within 12 months.
The method was tested on the 497,447 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 26,972 companies, not a prediction for KOSHI. 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.
Liquidity is ample, with a current ratio of 1.53 (2.62 in 2024), above the usual 1.5. Short-term debt is 37.3% and cash 37.9% of total assets. 49.8% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 12 days after the deadline. In the sector (NACE 56), the median for financial year 2024 was 7 days after the deadline, and 53% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| KOSHI Brecht | €192,539 | €98,871 | 50.2% | - |
| FRITUUR DE CRAM Meerhout | €186,887 | €101,566 | 61.5% | - |
| HAMRO Kapellen | €202,932 | €106,303 | 80.7% | 4 |
| AY WORX Antwerp | €222,135 | €115,271 | 80.7% | - |
| MIKARO'S Antwerp | €228,826 | €102,333 | 8.1% | - |
| MnM Frietjes Linter | €188,816 | €99,057 | 53.1% | - |
| FAT GROUP Schaerbeek | €189,444 | €94,968 | 94.1% | - |
These companies have the same main activity as KOSHI: limited-service restaurants, excluding mobile food services (NACE 56112). They are comparable in size and age: total assets between €187,000 and €229,000, founded between 2017 and 2019.
KOSHI files the micro format. That format states no turnover. The gross margin rose from €15,315 in 2019 to €98,871 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €360,000. Estimated: probably between €270,000 and €440,000.
Higher than 68% of 17,111 companies in 2025.
Higher than 63% of 16,538 companies in 2025.
Higher than 76% of 16,621 companies in 2025.
Net result: top quarter · Equity: top quarter · Balance sheet total: middle half · Working capital: middle half
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||
20/58 |
192,539 | 147,853 | 111,886 | 103,910 | 63,791 | 40,013 | 24,512 | |
20 |
0 | 0 | - | - | - | - | - | |
21/28 |
82,559 | 51,453 | 25,880 | 25,880 | 18,946 | 10,450 | 11,750 | |
21 |
1,500 | 2,000 | 3,000 | 3,000 | 3,500 | 4,000 | 4,500 | |
22/27 |
26,623 | 45,017 | 18,830 | 18,830 | 11,396 | 2,400 | 3,200 | |
23 |
314 | 618 | 1,227 | 1,227 | - | - | - | |
24 |
26,309 | 44,399 | 17,604 | 17,604 | 11,396 | 2,400 | 3,200 | |
28 |
54,436 | 4,436 | 4,050 | 4,050 | 4,050 | 4,050 | 4,050 | |
29/58 |
109,980 | 96,400 | 86,005 | 78,029 | 44,845 | 29,563 | 12,762 | |
40/41 |
36,921 | 24,700 | 22,433 | 26,471 | 27,027 | 12,555 | 8,674 | |
40 |
- | - | - | - | 10,540 | - | - | |
41 |
36,921 | 24,700 | 22,433 | 26,471 | 16,487 | 12,555 | 8,674 | |
54/58 |
73,059 | 71,426 | 63,572 | 51,115 | 17,818 | 16,733 | 4,088 | |
490/1 |
- | 273 | - | 443 | - | 276 | - | |
| Balance sheet: equity and liabilities | ||||||||
10/49 |
192,539 | 147,853 | 111,886 | 103,910 | 63,791 | 40,013 | 24,512 | |
10/15 |
96,600 | 63,810 | 65,739 | 54,093 | 33,899 | 26,506 | 14,982 | |
10/11 |
6,200 | 6,200 | 6,200 | 6,200 | 6,200 | - | 6,200 | |
100 |
- | - | - | - | - | - | 18,600 | |
101 |
- | - | - | - | - | - | 12,400 | |
11 |
- | - | - | - | - | 6,200 | - | |
1100/10 |
- | - | - | - | - | 6,200 | - | |
13 |
57,610 | 57,610 | 20,306 | 20,306 | 20,306 | 20,306 | 8,782 | |
130/1 |
500 | 500 | 500 | 500 | 500 | 500 | - | |
130 |
- | - | - | - | - | - | 500 | |
1311 |
500 | 500 | 500 | 500 | 500 | - | - | |
1319 |
- | - | - | - | - | 500 | - | |
133 |
57,110 | 57,110 | 19,806 | 19,806 | 19,806 | 19,806 | 8,282 | |
14 |
32,790 | - | 39,233 | 27,587 | 7,393 | - | - | |
17/49 |
95,939 | 84,043 | 46,146 | 49,817 | 29,892 | 13,507 | 9,530 | |
17 |
24,185 | 47,315 | 15,250 | 15,250 | 8,677 | - | - | |
170/4 |
24,185 | 47,315 | 15,250 | 15,250 | 8,677 | - | - | |
42/48 |
71,754 | 36,726 | 30,897 | 33,674 | 21,215 | 13,324 | 9,530 | |
42 |
13,458 | 4,909 | - | 4,388 | 2,158 | - | - | |
44 |
24,764 | 6,179 | 15,234 | 17,003 | 15,218 | 2,373 | 4,494 | |
440/4 |
24,764 | 6,179 | 15,234 | 17,003 | 15,218 | 2,373 | 4,494 | |
45 |
33,532 | 25,638 | 15,663 | 12,282 | 3,839 | 10,951 | 5,036 | |
450/3 |
25,787 | 13,335 | 15,105 | 12,112 | 3,839 | 10,951 | 4,374 | |
454/9 |
7,745 | 12,303 | 558 | 170 | - | - | 662 | |
492/3 |
- | 1 | - | 893 | - | 183 | - | |
| Income statement | ||||||||
9900 |
98,871 | 31,088 | 31,191 | 34,153 | 15,426 | 25,227 | 15,315 | |
62 |
24,014 | 9,285 | 10,521 | 1,135 | 1,085 | 8,477 | 612 | |
630 |
19,868 | 11,739 | - | 5,566 | 2,039 | 1,300 | 2,002 | |
640/8 |
433 | 1,491 | 2,221 | 1,805 | 1,273 | 223 | 1,258 | |
9901 |
54,556 | 8,573 | 18,448 | 25,647 | 11,028 | 15,227 | 11,444 | |
75/76B |
9 | 56 | 34 | 28 | 30 | 30 | 329 | |
75 |
9 | 56 | 34 | 28 | 30 | 30 | 329 | |
65/66B |
4,303 | 2,370 | 1,914 | -4,551 | 1,426 | 604 | 361 | |
65 |
4,303 | 2,370 | 1,914 | -4,551 | 1,426 | 604 | 361 | |
9903 |
50,261 | 6,259 | 16,569 | 30,226 | 9,632 | 14,653 | 11,412 | |
67/77 |
17,470 | 1,788 | 4,923 | 10,032 | 2,239 | 3,129 | 2,629 | |
9904 |
32,790 | 4,471 | 11,646 | 20,194 | 7,393 | 11,524 | 8,782 | |
9905 |
32,790 | 4,471 | 11,646 | 20,194 | 7,393 | 11,524 | 8,782 | |
| Appropriation of the result | ||||||||
9906 |
32,790 | 37,304 | 39,233 | 27,587 | 7,393 | 11,524 | 8,782 | |
14P |
- | 32,833 | 27,587 | 7,393 | - | - | - | |
691/2 |
- | 37,304 | - | - | - | 11,524 | 8,782 | |
6920 |
- | - | - | - | - | - | 500 | |
6921 |
- | 37,304 | - | - | - | 11,524 | 8,282 | |
| Social balance sheet | ||||||||
9087 |
0 | - | - | - | - | - | - | |
| Document | ||||||||
The notes to these accounts have 11 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 27-02-2026.
2025 annual accounts filed 27 days after the deadline. Filed on 27 February 2026, deadline 31 January 2026 (7 months after the close on 30 June 2025, Companies Code art. 3:10). Source: NBB, 2026-00049539.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | micro format | 27-02-2026 | 2026-00049539 | |
| 30-06-2024 | micro format | 17-02-2025 | 2025-00035521 | |
| 30-06-2023 | micro format | 30-01-2024 | 2024-00013119 | |
| 30-06-2022 | micro format | 28-02-2023 | 2023-00033947 | |
| 30-06-2021 | micro format | 15-02-2022 | 2022-05700597 | |
| 30-06-2020 | micro format | 26-01-2021 | 2021-01800028 | |
| 30-06-2019 | micro format | 03-02-2020 | 2020-04300076 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| 74,423 | 20,312 | - | 31,213 | 13,067 | 16,527 | 13,445 | ||
| 52,658 | 16,210 | - | 25,760 | 9,432 | 12,824 | 10,784 | ||
| 50,974 | 44,668 | - | 12,501 | 10,535 | 0 | 13,752 | ||
| 1,633 | 7,854 | 12,457 | 33,298 | 1,085 | 12,645 | - | ||
| 38,226 | 59,673 | 55,109 | 44,356 | 23,630 | 16,239 | 3,232 | ||
| 50.2% | 43.2% | 58.8% | 52.1% | 53.1% | 66.2% | 61.1% | ||
| 1.53 | 2.62 | 2.78 | 2.32 | 2.11 | 2.22 | 1.34 | ||
| 0.99 | 1.32 | 0.70 | 0.92 | 0.88 | 0.51 | 0.64 | ||
| 33.9% | 7.0% | 17.7% | 37.3% | 21.8% | 43.5% | 58.6% | ||
| 17.0% | 3.0% | 10.4% | 19.4% | 11.6% | 28.8% | 35.8% | ||
| 17.29 | 8.57 | - | -6.86 | - | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 30-06-2025 |
|---|---|
| Employees at the balance-sheet date | 1 |
| part-time | 1 |
| in full-time equivalents | 0.5 |
| On a permanent contract | 1 |
| Joined | 138 |
| Left | 137 |
Source: social balance sheet in the 2025 annual accounts
| Item | 30-06-2025 | 30-06-2024 | 30-06-2023 | 30-06-2022 |
|---|---|---|---|---|
| Tangible fixed assets | €974 | €44,282 | - | €12,501 |
| Financial fixed assets | €50,000 | €386 | - | - |
| €19,868 | €11,739 | - | €5,566 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is nearly 6.4 times that of 2024 and the highest since 2019. It is a recovery after the fall in 2024.
Debt's share of the balance-sheet total falls from 56.8% to 49.8%. Equity and debt are higher.
KOSHI has no parent and no holdings in its annual accounts. Thapa Bimala is the only director. KOSHI shares no director with another company.
| Lepşa, Alexandru (sole trader)
establishment since 01-08-2026 |
founded in 2026 1041.716.553 |
| Gils, Mike (sole trader)
establishment since 01-07-2025 |
founded in 2025 1024.569.329 |
| Haliţchi, Emanuel (sole trader)
establishment since 01-04-2022 |
founded in 2022 0782.897.391 |
| Verhoeven, René (sole trader)
establishment since 12-05-1978 |
founded in 1800 0687.049.515 |
Deadline for the 2026 accounts: 31-01-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number | FASFC approval |
|---|---|---|---|
| Dorpsstraat 36 registered office 2960 Brecht 56111 Full-service restaurants | 10-07-2018 | 2.281.025.076 | Restaurant |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 11043D0063/00H002 | 404 m² | 1 · 201 m² | 14.8 m · 4 |
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