KöTTERMANN
ActiveSummary
KöTTERMANN has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €200,000 and a net result of €563,240. Equity remains stable across the filed fiscal years (±0% per year). Its solvency ranks better than 14% of 9086 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability100=
Solvency34▼-3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11,000 at 30 days acceptable
Liquidity tight (current ratio 1.07 against 1.12 in 2023; short-term debt: 91.1% and cash: 8.3% of total assets), and 91.1% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 9086 sector peers (2024).
NBB · sector comparisonPosition among 9086 sector peers
Solvency
better than 14%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 18-06-2025, 43 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
43 d early
2023
40 d early
2022
27 d early
2021
13 d early
2020
51 d early
2019
12 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 27 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
Equity
€200,000=
2023 · €200,000
Total assets
€2.3m▲ 35.1%
2023 · €1.7m
Net result
€563,240▼ 0.5%
2023 · €565,952
Working capital
€153,883▼ 9.5%
2023 · €170,018
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€251,000▲ 11.8%€346,971▲ 38.2%€804,736▲ 132%€777,467▼ 3.4%€782,102▲ 0.6%
Net result€181,205above the sector's middle half▲ 19.4%€250,823above the sector's middle half▲ 38.4%€591,458above the sector's middle half▲ 136%€565,952above the sector's middle half▼ 4.3%€563,240above the sector's middle half▼ 0.5%
Equity€468,750within the sector's middle half▲ 60.2%€523,573within the sector's middle half▲ 11.7%€200,000within the sector's middle half▼ 61.8%€200,000within the sector's middle half=€200,000within the sector's middle half=
Total assets€1.1mwithin the sector's middle half▲ 1.1%€1.1mwithin the sector's middle half▲ 7.2%€1.4mwithin the sector's middle half▲ 28.2%€1.7mwithin the sector's middle half▲ 15.3%€2.3mwithin the sector's middle half▲ 35.1%
Debt€583,967▼ 22.0%€605,300▲ 3.7%€1.2m▲ 106%€1.5m▲ 17.7%€2.1m▲ 39.9%
Working capital€406,707within the sector's middle half▲ 75.3%€470,667within the sector's middle half▲ 15.7%€156,560within the sector's middle half▼ 66.7%€170,018within the sector's middle half▲ 8.6%€153,883within the sector's middle half▼ 9.5%
Solvency44.5%within the sector's middle half▲ 16.4pp46.4%within the sector's middle half▲ 1.9pp13.8%below the sector's middle half▼ 32.6pp12.0%below the sector's middle half▼ 1.8pp8.9%below the sector's middle half▼ 3.1pp
Current ratio1.70within the sector's middle half▲ 0.391.78within the sector's middle half▲ 0.081.13below the sector's middle half▼ 0.651.12below the sector's middle half▼ 0.011.07below the sector's middle half▼ 0.04
Return on assets (ROA)17.2%above the sector's middle half▲ 2.6pp22.2%above the sector's middle half▲ 5.0pp40.9%above the sector's middle half▲ 18.7pp33.9%above the sector's middle half▼ 6.9pp25.0%above the sector's middle half▼ 8.9pp
Staff (FTE)3.9within the sector's middle half▲ 21.9%3.8within the sector's middle half▼ 2.6%4.2within the sector's middle half▲ 10.5%4.8within the sector's middle half▲ 14.3%4.8within the sector's middle half=
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 1% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.3m
Fixed assets
€46,143 ▲ 43.6%
Current assets
€2.2m ▲ 34.9%
Equity and liabilities €2.3m
Equity
€200,000 =
Debt
€2.1m ▲ 39.9%
Debt's share of the balance-sheet total rises from 88.0% to 91.1%. Debt is higher.
Key figures and ratios
EBITDA
€800,477▲
2023 · €789,365
Cash flow
€581,614▲
2023 · €577,849
Quick ratio
0.99▼
2023 · 1.05
Debt to equity
10.27▲
2023 · 7.34
ROE
281.6%▼
2023 · 283.0%
Interest coverage
35.32▼
2023 · 51.06
Debt ≤ 1 year
€2.1m▲
2023 · €1.5m
Income taxes
€196,328▲
2023 · €196,092
Staff costs
€345,260▲
2023 · €343,518
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 928 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency under 10%
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
4.5%
stopped otherwise
93%
still going
A further 0.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 928 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €277,404 | €289,538 | €343,518 | €345,260 | ▲ 0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €16,185 | €18,111 | €18,876 | €11,898 | €18,375 | ▲ 54.4% |
| Other operating charges640/8 | - | €5,628 | €5,650 | €6,601 | €7,237 | ▲ 9.6% |
| Gross operating margin9900 | €587,098 | €648,114 | €1.1m | €1.1m | €1.2m | ▲ 1.2% |
| Operating profit (loss)9901 | €251,000 | €346,971 | €804,736 | €777,467 | €782,102 | ▲ 0.6% |
| Financial income75/76B | - | €35 | €2 | €37 | €129 | ▲ 247% |
| Recurring financial income75 | - | €35 | €2 | €37 | €129 | ▲ 247% |
| Financial charges65/66B | - | €6,829 | €7,535 | €15,461 | €22,663 | ▲ 46.6% |
| Recurring financial charges65 | €5,796 | €6,829 | €7,535 | €15,461 | €22,663 | ▲ 46.6% |
| Profit (loss) for the period before taxes9903 | €245,204 | €340,178 | €797,203 | €762,044 | €759,568 | ▼ 0.3% |
| Income taxes67/77 | €63,999 | €89,355 | €205,745 | €196,092 | €196,328 | ▲ 0.1% |
| Profit (loss) for the period9904 | €181,205 | €250,823 | €591,458 | €565,952 | €563,240 | ▼ 0.5% |
| Profit (loss) for the period to be appropriated9905 | €181,205 | €250,823 | €591,458 | €565,952 | €563,240 | ▼ 0.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.1m | €1.1m | €1.4m | €1.7m | €2.3m | ▲ 35.1% |
| Fixed assets21/28 | €62,185 | €52,906 | €44,032 | €32,141 | €46,143 | ▲ 43.6% |
| Tangible fixed assets22/27 | €46,383 | €34,858 | €28,230 | €16,332 | €30,286 | ▲ 85.4% |
| Plant, machinery and equipment23 | - | €8,962 | €80 | - | €16,511 | - |
| Furniture and vehicles24 | - | €12,721 | €18,947 | €11,104 | €10,639 | ▼ 4.2% |
| Other tangible fixed assets26 | - | €13,176 | €9,202 | €5,228 | €3,136 | ▼ 40.0% |
| Financial fixed assets28 | €15,803 | €18,048 | €15,803 | €15,809 | €15,856 | ▲ 0.3% |
| Current assets29/58 | €990,532 | €1.1m | €1.4m | €1.6m | €2.2m | ▲ 34.9% |
| Stocks and contracts in progress3 | €38,477 | €139,758 | €231,053 | €99,942 | €176,053 | ▲ 76.2% |
| Stocks30/36 | - | €10,872 | €8,970 | €21,259 | €11,944 | ▼ 43.8% |
| Contracts in progress37 | - | €128,886 | €222,083 | €78,683 | €164,109 | ▲ 109% |
| Amounts receivable within one year40/41 | €688,392 | €579,345 | €968,856 | €1.3m | €1.8m | ▲ 44.1% |
| Trade receivables40 | - | €568,550 | €953,789 | €1.3m | €1.8m | ▲ 44.2% |
| Other amounts receivable41 | - | €10,795 | €15,067 | €3,986 | €3,919 | ▼ 1.7% |
| Cash at bank and in hand54/58 | €248,593 | €352,252 | €198,568 | €252,579 | €187,140 | ▼ 25.9% |
| Deferred charges and accrued income490/1 | - | €4,611 | €4,348 | €8,709 | €7,748 | ▼ 11.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.1m | €1.1m | €1.4m | €1.7m | €2.3m | ▲ 35.1% |
| Equity10/15 | €468,750 | €523,573 | €200,000 | €200,000 | €200,000 | = |
| Contributions10/11 | - | €200,000 | €200,000 | €200,000 | €200,000 | = |
| Reserves13 | €268,750 | €78,750 | - | - | - | - |
| Distributable reserves133 | - | €78,750 | - | - | - | - |
| Profit (loss) carried forward14 | -€56,939 | €244,823 | - | - | - | - |
| Amounts payable17/49 | €583,967 | €605,300 | €1.2m | €1.5m | €2.1m | ▲ 39.9% |
| Amounts payable within one year42/48 | €583,825 | €605,300 | €1.2m | €1.5m | €2.1m | ▲ 40.1% |
| Financial debts43 | - | - | - | - | €550,000 | - |
| Other loans439 | - | - | - | - | €550,000 | - |
| Trade debts44 | €400,849 | €112,515 | €160,945 | €350,035 | €351,944 | ▲ 0.5% |
| Suppliers440/4 | - | €112,515 | €160,945 | €350,035 | €351,944 | ▲ 0.5% |
| Advances received on contracts in progress46 | - | €357,911 | €331,857 | €342,467 | €250,768 | ▼ 26.8% |
| Taxes, remuneration and social security45 | - | €128,874 | €162,004 | €207,150 | €337,240 | ▲ 62.8% |
| Taxes450/3 | - | €95,429 | €121,204 | €160,408 | €300,736 | ▲ 87.5% |
| Remuneration and social security454/9 | - | €33,445 | €40,800 | €46,742 | €36,505 | ▼ 21.9% |
| Other amounts payable47/48 | - | €6,000 | €591,458 | €565,952 | €563,240 | ▼ 0.5% |
| Accrued charges and deferred income492/3 | - | - | €593 | €2,160 | €26 | ▼ 98.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €181,205 | €250,823 | €591,458 | €565,952 | €563,240 | ▼ 0.5% |
| + Depreciation and write-downs630 | €16,185 | €18,111 | €18,876 | €11,898 | €18,375 | ▲ 54.4% |
| Operating cash flow (approximation) | €197,390 | €268,934 | €610,334 | €577,849 | €581,614 | ▲ 0.7% |
| Investment in fixed assets (approximation) | - | -€8,832 | -€10,002 | -€7 | -€32,376 | ▼ 473,932% |
| Change in cash | - | €103,659 | -€153,684 | €54,010 | -€65,439 | ▼ 221% |
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
18-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
21-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
04-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Highest result since 2018net €591,458 ▲136%
Operating result €804,736, net result €591,458, both a record.
18-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Equity above €500,000Eq €523,573 ▲11.7%
4 profitable years in a row build equity to €523,573.
10-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
12-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 12 days late
2019
31-12
Financial
Equity above €200,000Eq €292,545 ▲104%
2 profitable years in a row build equity to €292,545.
18-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
21-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
05-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
14-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 18 acts read
About the unread acts
We know of 18 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
18 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, Mechelen · 1 establishment unit since 1993
Ground area
3,044 m²
Building footprint
550 m²
Volume, LiDAR
9,842 m³
Parcel 12402A0019/00P000, Flanders · tallest building 21.0 m, ±6 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
KOTTERMANN
since 19932.062.237.519
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12402A0019/00P000 | Flanders | 3,044 m² | 1 · 550 m² | 21.0 m · 6 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.
Similar companies · same sector, comparable size
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BE 0775.433.440
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TECHTOB
BE 0468.464.666
Ledegem · Eq €198,587
SCIENCE ET MEDECINE
BE 0451.433.347
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SURGEONSPLACE.COM
BE 0545.827.611
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Of 1,903 companies in sector 46460 we hold annual accounts for 1,126. 688 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
Founded06-05-1993
Fiscal year end31-12
Activities, NACEBEL 2025
46460Wholesale of pharmaceutical and medical goods
46649Wholesale of other machinery and equipment
46472Wholesale trade
47551Retail sale of household furniture
E-invoicing
Reachable via Peppol
Peppol ID
0208:0450060994
Also
9925:BE0450060994
Registered
28-11-2024
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.