KOSHINE
ActiveKOSHINE has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €433k and a net result of €82k. Equity is growing by ~22.6% per year across the filed fiscal years. Its solvency ranks better than 56% of 16391 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
100
/ 100
Excellent= vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability95▼-5
Solvency100=
Growth78=
Stability100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45k at 30 days acceptable
Liquidity ample (current ratio 2.99 against 3.38 in 2024), and 30.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five 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 86
Relative position
BE, all sectors
reference
Sector 86
lower
← 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 2025Solvency, return and age of the figures
Solvency
69.3%
Return on assets
13.1%
Age of the figures
8 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 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 · 7 filingsDeviation from the deadline
2025
27 d late
2024
31 d late
2023
31 d late
2022
152 d late
2021
92 d late
2020
30 d late
2019
61 d late
← before the deadline
after the deadline →
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
14-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€0
Total assets
€626k▲ 28.1%
2024 · €488k
2019: €308k
2020: €400k
2021: €458k
2022: €389k
2023: €417k
2024: €488k
2019 → 2025
Net result
€82k▲ 0.6%
2024 · €82k
2019: €22k
2020: €52k
2021: €51k
2022: €41k
2023: €26k
2024: €82k
2019 → 2025
Working capital
€384k▲ 19.7%
2024 · €320k
2019: €-112k
2020: €-1k
2021: €75k
2022: €156k
2023: €220k
2024: €320k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€207k-€248k▲ 19.8%€274k▲ 10.5%€354k▲ 28.8%€433k▲ 22.5%
Operating result€68k-€58k▼ 15.7%€37k▼ 34.9%€98k▲ 161%€122k▲ 24.6%
Net result€51k-€41k▼ 18.9%€26k▼ 36.2%€82k▲ 212%€82k▲ 0.6%
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 25% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €626k
Fixed assets
€50k▲ 50.0%
Current assets
€576k▲ 26.5%
Equity and liabilities €626k
Equity
€433k▲ 22.5%
Debt
€192k▲ 42.6%
The debt ratio rises from 27.6% to 30.7%: debt grows faster than equity.
Key figures and ratios
EBITDA
€132k▼
2024 · €143k
Cash flow
€92k▼
2024 · €127k
Solvency
69.3%▼
2024 · 72.4%
Current ratio
2.99▼
2024 · 3.38
Quick ratio
2.99▼
2024 · 3.38
Debt / equity
0.44▲
2024 · 0.38
ROE
19.0%▼
2024 · 23.1%
ROA
13.1%▼
2024 · 16.7%
Interest coverage
159.40▼
2024 · 1164.13
Debt
€192k▲
2024 · €135k
Debt ≤ 1 year
€192k▲
2024 · €135k
Income taxes
€40k▲
2024 · €16k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€488k€626k▲
Fixed assets21/28€33k€50k▲
Tangible fixed assets22/27€33k€48k▲
Land and buildings22€5k€19k▲
Plant, machinery and equipment23€10k€9k▼
Furniture and vehicles24€18k€21k▲
Financial fixed assets28€200€1k▲
Current assets29/58€455k€576k▲
Amounts receivable within one year40/41€154k€45k▼
Trade receivables40€154k€45k▼
Other amounts receivable41€17-
Cash at bank and in hand54/58€302k€530k▲
Deferred charges and accrued income490/1€39€1k▲
Equity and liabilities
Total equity and liabilities10/49€488k€626k▲
Equity10/15€354k€433k▲
Contributions10/11€56k€56k=
Reserves13€297k€377k▲
Non-distributable reserves130/1€4k-
Reserves not available under the articles1311€4k-
Distributable reserves133€293k€377k▲
Profit (loss) carried forward14€0-
Amounts payable17/49€135k€192k▲
Amounts payable within one year42/48€135k€192k▲
Financial debts43€437€804▲
Credit institutions430/8€437€804▲
Trade debts44€2k€20k▲
Suppliers440/4€2k€20k▲
Taxes, remuneration and social security45€34k€74k▲
Taxes450/3€34k€74k▲
Other amounts payable47/48€99k€98k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€45k€10k▼
Other operating charges640/8€1k€3k▲
Gross operating margin9900€144k€134k▼
Operating profit (loss)9901€98k€122k▲
Financial income75/76B€230€1k▲
Recurring financial income75€230€1k▲
Financial charges65/66B€123€827▲
Recurring financial charges65€123€827▲
Profit (loss) for the period before taxes9903€98k€122k▲
Income taxes67/77€16k€40k▲
Profit (loss) for the period9904€82k€82k▲
Profit (loss) for the period to be appropriated9905€82k€82k▲
Appropriation of the result
Profit (loss) to be appropriated9906€82k€82k▲
Transfer to equity691/2€79k€80k▲
To other reserves6921€79k€80k▲
Profit to be distributed694/7€3k€3k=
Directors or managers695€3k€3k=
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 27 days late
2025
31-12
Financial
Highest result since 2019net €82k ▲0.6%
Operating result €122k, net result €82k, both a record.
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2024
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
2023
30-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 152 days late
2022
31-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 92 days late
2021
31-12
Financial
Equity above €200kEq €207k ▲32.3%
3 profitable years in a row build equity to €207k.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
31-12
Financial
Equity above €150kEq €157k ▲97.2%
2 profitable years in a row build equity to €157k.
30-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 61 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Hasselt · 1 establishment unit since 2017
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Weggevoerdenstraat 443500 HasseltGround area
457 m²
Building footprint
74 m²
Volume, LiDAR
696 m³
Parcel 71324E0091/00S005, Flanders · tallest building 13.6 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Koshine
since 20172.268.905.521
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71324E0091/00S005 | Flanders | 457 m² | 1 · 74 m² | 13.6 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
SENITAS
BE 0832.163.493
Diepenbeek · Eq €435k
PalliHO
BE 0461.687.732
Tournai · Eq €436k
HERA
BE 0441.391.273
Mechelen · Eq €440k
DR.VERMEERSCH ELKE, GYNAECOLOGIE
BE 0878.763.382
Dilbeek · Eq €426k
Dr. ISABELLE BARET
BE 0637.904.068
Tongeren-Borgloon · Eq €441k
Of 10,459 companies in sector 86995 we hold annual accounts for 883. 527 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded04-10-2017
Fiscal year end31-12
Activities, NACEBEL
86909Human health activities
86995Nutrition and dietetics services
62010Computer programming, consultancy and related activities
62100Computer programming
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.