KOUFRAN
ActiveKOUFRAN has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-14k) and a net result of €-5k. Equity is shrinking by ~35.7% per year across the filed fiscal years. Its solvency ranks better than 7% of 18024 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
15
/ 100
Critical▲ +8 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency33▼-1
Growth22=
Stability100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.3 against 0.53 in 2024), and equity is negative.
Credit advice for your own amount and term
Signals
Nine signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 2025Solvency, return and age of the figures
Solvency
-191.2%
Return on assets
-72.2%
Age of the figures
8 mo
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 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
Equity is negative for financial year 2025: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€14k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 21-05-2026, 71 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
71 d early
2024
56 d early
2023
57 d early
2022
94 d early
2021
69 d early
2020
57 d early
2019
67 d early
← 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
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€342k▼ 15.3%
2019 · €404k
2018: €427k
2019: €404k
2018 → 2020
EBIT margin
-13.7%▼ 18.8pp
2019 · 5.1%
2018: 4.2%
2019: 5.1%
2018 → 2020
Net result
€-5k▲ 84.0%
2024 · €-32k
2018: €12k
2019: €14k
2020: €-55k
2021: €-457
2022: €-8k
2023: €-22k
2024: €-32k
2018 → 2025
Working capital
€-14k▼ 34.3%
2024 · €-11k
2018: €135k
2019: €140k
2020: €36k
2021: €37k
2022: €28k
2023: €16k
2024: €-11k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€53k-€46k▼ 14.1%€24k▼ 48.5%€-8k€-14k▼ 60.7%
Operating result€867-€-7k€-21k▼ 203%€-31k▼ 44.5%€-5k▲ 84.7%
Net result€-457-€-8k▼ 1,549%€-22k▼ 195%€-32k▼ 44.2%€-5k▲ 84.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €5k in 2025 against €31k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €7k
Fixed assets
€846▼ 63.1%
Current assets
€6k▼ 47.7%
Key figures and ratios
EBITDA
€-3k▲
2024 · €-28k
Cash flow
€-4k▲
2024 · €-29k
Solvency
-191.2%▼
2024 · -59.3%
Current ratio
0.30▼
2024 · 0.53
Quick ratio
0.30▼
2024 · 0.53
Debt / equity
-1.52▲
2024 · -2.69
ROE
37.8%▼
2024 · 378.8%
ROA
-72.2%▲
2024 · -224.6%
Interest coverage
-8.19▲
2024 · -60.49
Debt
€21k▼
2024 · €23k
Debt ≤ 1 year
€21k▼
2024 · €23k
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€14k€7k▼
Fixed assets21/28€2k€846▼
Tangible fixed assets22/27€2k€338▼
Land and buildings22€2k€314▼
Plant, machinery and equipment23€24€24=
Financial fixed assets28€508€508=
Current assets29/58€12k€6k▼
Stocks and contracts in progress3€0-
Stocks30/36€0-
Amounts receivable within one year40/41€713-
Trade receivables40€713-
Cash at bank and in hand54/58€11k€6k▼
Deferred charges and accrued income490/1€173-
Equity and liabilities
Total equity and liabilities10/49€14k€7k▼
Equity10/15€-8k€-14k▼
Contributions10/11€112k€112k=
Capital10€112k€112k=
Issued capital100€112k€112k=
Profit (loss) carried forward14€-120k€-125k▼
Amounts payable17/49€23k€21k▼
Amounts payable within one year42/48€23k€21k▼
Current portion of amounts payable after more than one year42€0-
Trade debts44€1k€1k▼
Suppliers440/4€1k€1k▼
Taxes, remuneration and social security45€308€913▲
Taxes450/3€308€913▲
Other amounts payable47/48€21k€19k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€1k▼
Other operating charges640/8€2k€873▼
Gross operating margin9900€-27k€-2k▲
Operating profit (loss)9901€-31k€-5k▲
Financial income75/76B€33-
Recurring financial income75€33-
Financial charges65/66B€468€401▼
Recurring financial charges65€468€401▼
Profit (loss) for the period before taxes9903€-31k€-5k▲
Income taxes67/77€634-
Profit (loss) for the period9904€-32k€-5k▲
Profit (loss) for the period to be appropriated9905€-32k€-5k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-120k€-125k▼
Profit (loss) brought forward from the previous period14P€-88k€-120k▼
The notes to these accounts (4 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
21-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
05-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
04-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
28-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
23-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
04-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €-55k ▼494%
Net result drops to €-55k, the lowest in the series; recovery starts the following year.
25-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Highest result since 2018net €14k ▲15%
Operating result €21k, net result €14k, both a record.
28-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
04-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
22-05
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Incourt · 1 establishment unit since 1993
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.
Rue de Patruange 171315 IncourtGround area
3,601 m²
Building footprint
754 m²
2 parcels, Wallonia. Linked by address, not a title deed.
1 establishment unit
ALPHA
since 19932.064.671.229
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25035A0222/00B000 | Wallonia | 2,028 m² | 1 · 667 m² | - |
| 25093B0289/00S000 | Wallonia | 1,573 m² | 1 · 86 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels 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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BJC Consult SRL
BE 0888.555.236
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TOENDRA
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HEJJ
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Soignies · Eq €24k
Of 2,588 companies in sector 47551 we hold annual accounts for 1,701. 944 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded23-11-1993
Fiscal year end31-12
Activities, NACEBEL
47551Retail sale of household furniture
47591Retail trade
52441
47540Retail sale of electrical household appliances
47552Retail sale of lighting equipment
47592Retail trade
52442
52450
Sources
Crossroads Bank for EnterprisesNational Bank · 32 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.