KOSTA
Open bankruptcyA bankruptcy procedure is open for KOSTA according to publications in the Belgian State Gazette; curator: Dirk DE MAESENEER.
Summary
The 2023 annual accounts show negative equity (€-167k) and a net result of €-20k.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 16-08-2024, 16 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
16 d late
2022
on the day
2021
6 d early
2020
31 d late
2019
98 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2023, micro schema
Turnover
€341k
EBIT margin
-3.6%
Net result
€-20k▼ 9.6%
2022 · €-18k
2018: €-7k
2019: €-14k
2020: €13k
2021: €-4k
2022: €-18k
2018 → 2023
Working capital
€-171k▼ 11.0%
2022 · €-154k
2018: €-167k
2019: €-167k
2020: €-147k
2021: €-148k
2022: €-154k
2018 → 2023
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020202120222023Trend
Turnover€341k-
Equity€-138k-€-125k▲ 9.1%€-129k▼ 3.1%€-147k▼ 14.1%€-167k▼ 13.6%
Operating result€-12k-€-19k▼ 52.5%€-3k▲ 85.4%€-16k▼ 489%€-15k▲ 6.3%
Net result€-14k-€13k€-4k€-18k▼ 366%€-20k▼ 9.6%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €15k in 2023 against €16k in 2022; the loss shrinks.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €47k
Fixed assets
€4k ▼ 49.5%
Current assets
€43k ▲ 16.7%
Key figures and ratios
EBITDA
€-12k▼
2022 · €-3k
Cash flow
€-16k▼
2022 · €-5k
Solvency
-359.1%▼
2022 · -334.2%
Current ratio
0.20▲
2022 · 0.19
Quick ratio
0.18▲
2022 · 0.17
Debt / equity
-1.28▲
2022 · -1.30
ROA
-42.9%▼
2022 · -41.4%
Interest coverage
-2.09▼
2022 · -1.32
Debt
€214k▲
2022 · €191k
Debt ≤ 1 year
€214k▲
2022 · €191k
Staff costs
€105k▲
2022 · €101k
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 · 2023 against 2022 · 42 lines
Balance sheet
Code20222023
Assets
Total assets20/58€44k€47k▲
Fixed assets21/28€7k€4k▼
Tangible fixed assets22/27€4k€213▼
Plant, machinery and equipment23€4k€213▼
Financial fixed assets28€3k€3k=
Current assets29/58€37k€43k▲
Stocks and contracts in progress3€5k€4k▼
Stocks30/36€5k€4k▼
Amounts receivable within one year40/41€541€2k▲
Trade receivables40-€2k
Other amounts receivable41€541-
Cash at bank and in hand54/58€29k€37k▲
Deferred charges and accrued income490/1€2k€39▼
Equity and liabilities
Total equity and liabilities10/49€44k€47k▲
Equity10/15€-147k€-167k▼
Contributions10/11€19k€19k=
Profit (loss) carried forward14€-166k€-186k▼
Amounts payable17/49€191k€214k▲
Amounts payable within one year42/48€191k€214k▲
Current portion of amounts payable after more than one year42€10k€10k=
Trade debts44€23k€18k▼
Suppliers440/4€23k€18k▼
Taxes, remuneration and social security45€26k€59k▲
Taxes450/3€8k€28k▲
Remuneration and social security454/9€18k€31k▲
Other amounts payable47/48€132k€127k▼
Accrued charges and deferred income492/3€631-
Income statement
Code20222023
Remuneration, social security and pensions62€101k€105k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14k€4k▼
Other operating charges640/8€2k€3k▲
Gross operating margin9900€100k€96k▼
Operating profit (loss)9901€-16k€-15k▲
Financial income75/76B€0€800▲
Recurring financial income75€0€800▲
Financial charges65/66B€2k€6k▲
Recurring financial charges65€2k€6k▲
Profit (loss) for the period before taxes9903€-18k€-20k▼
Profit (loss) for the period9904€-18k€-20k▼
Profit (loss) for the period to be appropriated9905€-18k€-20k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-166k€-186k▼
Profit (loss) brought forward from the previous period14P€-148k€-166k▼
Social balance
Average headcount (FTE)90872.7-
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
10-02
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · KOSTA BV BERGENSE- STEENWEG 65/65F, 1600 SINT-PIETERS-LEEUW · event 04-02-2025
2024
16-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 16 days late
2023
31-12
Financial
Weakest financial yearnet €-20k
Net result drops to €-20k, the lowest in the series.
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
25-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
31-12
Financial
Back to profitnet €13k
Net result €13k after 2 loss-making years.
06-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 98 days late
2019
24-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 55 days late
2018
27-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 58 days late
2017
28-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
29-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
2015
29-07
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Sint-Pieters-Leeuw · 1 establishment unit since 2013
Ground area
7.7 ha
Building footprint
2.8 ha
Parcel 23077A0147/00P000, Flanders. Linked by address, not a title deed.
1 establishment unit
THE BREAK
since 20132.217.432.767
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23077A0147/00P000 | Flanders | 7.7 ha | 1 · 2.8 ha | - |
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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | Dirk DE MAESENEER PEGASUSLAAN 5, 1831 DIEGEM- |
04-02-2025 → present |
Public money · subsidies and aid
Flemish government
2024 · 1 entry · 2,000 EUR awarded · 2,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 2,000 EUR | 2,000 EUR |
Schemes
Hinderpremie bij openbare werken
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded29-10-2012
Fiscal year end31-12
Sources
Crossroads Bank for EnterprisesNational Bank · 11 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryPhone:0477/266311