KOTHAÏ
ActiveSummary
The computed 12-month bankruptcy probability of KOTHAÏ is 3.0% (moderate). The 2024 annual accounts show equity of €37k and a net result of €243. Equity is growing by ~6% per year across the filed fiscal years. Its solvency ranks better than 77% of 18936 sector peers (fiscal year 2024). The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability69▼-13
Solvency86▼-2
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
3.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity ample (current ratio 1.75 against 1.66 in 2023; short-term debt: 38.8% and cash: 18.4% of total assets), and 39% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+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 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
61%
Return on assets
0.4%
Age of the figures
21 mo
neutral · A punctual record breaks
This company filed 6 consecutive financial years on time. The year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 20-08-2025, 20 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 7 filingsDeviation from the deadline
2025
not confirmed
2024
20 d late
2023
50 d early
2022
56 d early
2021
52 d early
2020
52 d early
2019
53 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€37k▼ 20.9%
2023 · €47k
Total assets
€60k▼ 17.8%
2023 · €73k
Net result
€243▼ 97.0%
2023 · €8k
Working capital
€18k▼ 0.4%
2023 · €18k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€27k▲ 53.6%€22k▼ 20.1%€-10k€11k€3k▼ 68.9%
Net result€24k▲ 87.5%€18k▼ 24.5%€-7k€8k€243▼ 97.0%
Equity€49k▲ 57.3%€52k▲ 6.0%€45k▼ 13.4%€47k▲ 4.4%€37k▼ 20.9%
Total assets€62k▼ 5.3%€112k▲ 80.6%€83k▼ 26.3%€73k▼ 10.9%€60k▼ 17.8%
Debt€13k▼ 61.4%€60k▲ 353%€38k▼ 37.3%€27k▼ 29.0%€24k▼ 12.2%
Working capital€38k▲ 195%€27k▼ 27.6%€21k▼ 22.5%€18k▼ 15.8%€18k▼ 0.4%
Staff (FTE)2▼ 4.8%3.8▲ 90.0%2.8▼ 26.3%4.5▲ 60.7%3.2▼ 28.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 69% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €60k
Fixed assets
€19k ▼ 33.4%
Current assets
€41k ▼ 7.6%
Equity and liabilities €60k
Equity
€37k ▼ 20.9%
Debt
€24k ▼ 12.2%
Debt's share of the balance-sheet total rises from 36.6% to 39.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
€13k▼
2023 · €20k
Cash flow
€10k▼
2023 · €17k
Current ratio
1.75▲
2023 · 1.66
Quick ratio
1.28▼
2023 · 1.31
Debt to equity
0.64▲
2023 · 0.58
ROE
0.7%▼
2023 · 17.1%
ROA
0.4%▼
2023 · 10.8%
Interest coverage
8.99▼
2023 · 12.09
Debt ≤ 1 year
€23k▼
2023 · €27k
Income taxes
€2k▲
2023 · €2k
Staff costs
€44k▼
2023 · €47k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €40k | €43k | €47k | €44k | ▼ 6.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7k | €9k | €12k | €9k | €10k | ▲ 7.5% |
| Other operating charges640/8 | - | €2k | €1k | €1k | €1k | ▼ 16.8% |
| Gross operating margin9900 | €73k | €73k | €47k | €69k | €58k | ▼ 15.1% |
| Operating profit (loss)9901 | €27k | €22k | €-10k | €11k | €3k | ▼ 68.9% |
| Financial income75/76B | - | €245 | €5k | - | €0 | - |
| Recurring financial income75 | €59 | €245 | €2 | - | €0 | - |
| Non-recurring financial income76B | - | - | €5k | - | - | - |
| Financial charges65/66B | - | €1k | €2k | €2k | €1k | ▼ 12.3% |
| Recurring financial charges65 | €962 | €1k | €2k | €2k | €1k | ▼ 12.3% |
| Profit (loss) for the period before taxes9903 | €26k | €21k | €-7k | €9k | €2k | ▼ 78.9% |
| Income taxes67/77 | €3k | €3k | €218 | €2k | €2k | ▲ 16.2% |
| Profit (loss) for the period9904 | €24k | €18k | €-7k | €8k | €243 | ▼ 97.0% |
| Profit (loss) for the period to be appropriated9905 | €24k | €18k | €-7k | €8k | €243 | ▼ 97.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €62k | €112k | €83k | €73k | €60k | ▼ 17.8% |
| Fixed assets21/28 | €11k | €44k | €33k | €29k | €19k | ▼ 33.4% |
| Tangible fixed assets22/27 | €11k | €44k | €33k | €29k | €19k | ▼ 33.4% |
| Furniture and vehicles24 | - | €41k | €33k | €25k | €16k | ▼ 35.2% |
| Other tangible fixed assets26 | - | €2k | - | €4k | €3k | ▼ 21.4% |
| Current assets29/58 | €51k | €68k | €50k | €45k | €41k | ▼ 7.6% |
| Stocks and contracts in progress3 | €7k | €9k | €10k | €9k | €11k | ▲ 18.2% |
| Stocks30/36 | - | €9k | €10k | €9k | €11k | ▲ 18.2% |
| Amounts receivable within one year40/41 | €12k | €2k | €3k | €6k | €12k | ▲ 112% |
| Trade receivables40 | - | €1k | €240 | €414 | €3k | ▲ 512% |
| Other amounts receivable41 | - | €527 | €2k | €5k | €10k | ▲ 81.5% |
| Cash at bank and in hand54/58 | €28k | €50k | €29k | €23k | €11k | ▼ 50.7% |
| Deferred charges and accrued income490/1 | - | €7k | €9k | €7k | €7k | ▼ 2.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €62k | €112k | €83k | €73k | €60k | ▼ 17.8% |
| Equity10/15 | €49k | €52k | €45k | €47k | €37k | ▼ 20.9% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €27k | €27k | €25k | €25k | €18k | ▼ 28.2% |
| Non-distributable reserves130/1 | - | €2k | €2k | - | - | - |
| Reserves not available under the articles1311 | - | €2k | €2k | - | - | - |
| Distributable reserves133 | - | €25k | €23k | €25k | €18k | ▼ 28.2% |
| Profit (loss) carried forward14 | €3k | €6k | €1k | €3k | €392 | ▼ 87.6% |
| Amounts payable17/49 | €13k | €60k | €38k | €27k | €24k | ▼ 12.2% |
| Amounts payable after more than one year17 | - | €19k | €9k | - | - | - |
| Financial debts170/4 | - | €19k | €9k | - | - | - |
| Amounts payable within one year42/48 | €13k | €41k | €29k | €27k | €23k | ▼ 12.3% |
| Current portion of amounts payable after more than one year42 | - | €10k | €10k | €9k | - | - |
| Trade debts44 | €4k | €6k | €2k | €2k | €5k | ▲ 122% |
| Suppliers440/4 | - | €6k | €2k | €2k | €5k | ▲ 122% |
| Taxes, remuneration and social security45 | - | €10k | €8k | €9k | €8k | ▼ 12.7% |
| Taxes450/3 | - | €2k | €2k | €3k | €2k | ▼ 26.9% |
| Remuneration and social security454/9 | - | €8k | €6k | €6k | €5k | ▼ 4.2% |
| Other amounts payable47/48 | - | €15k | €8k | €6k | €10k | ▲ 70.7% |
| Accrued charges and deferred income492/3 | - | - | - | €118 | €123 | ▲ 4.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €24k | €18k | €-7k | €8k | €243 | ▼ 97.0% |
| + Depreciation and write-downs630 | €7k | €9k | €12k | €9k | €10k | ▲ 7.5% |
| Operating cash flow (approximation) | €31k | €26k | €5k | €17k | €10k | ▼ 41.5% |
| Investment in fixed assets (approximation) | - | €-41k | €-1k | €-5k | €0 | ▲ 100% |
| Change in cash | - | €22k | €-22k | €-6k | €-11k | ▼ 86.4% |
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
20-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 20 days late
2024
11-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €8k
Net result €8k after one loss-making year.
05-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €-7k
Net result drops to €-7k, the lowest in the series; recovery starts the following year.
09-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
09-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €24k ▲87.5%
Operating result €27k, net result €24k, both a record.
31-12
Financial
Liquidity triplescurrent ratio 3.83
Current ratio from 1.37 to 3.83; short-term debt falls from €35k to €13k.
08-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
12-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Perwez · 2 establishment units since 2017
Ground area
1,919 m²
Building footprint
265 m²
Volume, LiDAR
889 m³
2 parcels, Wallonia · tallest building 13.4 m, ±4 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
2 establishment units
KOTHAÏ
since 20172.270.297.470
CAFEIN BRUNCH
since 20262.385.259.593
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25084C0491/00T000 | Wallonia | 1,421 m² | 1 · 185 m² | - |
| 25084B0611/00M002 | Wallonia | 497 m² | 1 · 80 m² | 13.4 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
2 sitesPerwez2.270.297.470
Perwez2.385.259.593
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Of 20,501 companies in sector 56111 we hold annual accounts for 11,452. 9,642 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
Founded28-09-2017
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
Scores and ratios are computed by Checked and are not a credit decision.