KOUGROUP

Bankruptcy closed

Private limited companyfounded 2021KBO/BCE: BE 0765.552.011

Summary

KOUGROUP was declared bankrupt on 01-04-2025 (Ondernemingsrechtbank Brussel); the bankruptcy was closed for insufficient assets by judgment of 22-07-2026, published in the Belgian State Gazette on 29-07-2026. The 2022 annual accounts show equity of €87k and a net result of €28k.

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Signals

Two signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Bankruptcy closed

The Belgian State Gazette published the closure of the bankruptcy. The latest notice is dated 29-07-2026. The KBO register has not yet processed that closure. The register usually follows the Staatsblad later, so the newer publication in the Staatsblad prevails.

Belgian State Gazette

Filed after the deadline

The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 31-08-2023, 31 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 · 2 filings

Deviation from the deadline

2025

not confirmed

2024

not filed

2023

not filed

2022

31 d late

2021

122 d late

← before the deadline after the deadline →

Checked, nothing found (1)

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2022, micro schema

Equity

€87k▲ 47.5%

2021 · €59k

2021: €59k

2021 → 2022

Total assets

€319k▼ 12.1%

2021 · €363k

2021: €363k

2021 → 2022

Net result

€28k▼ 3.3%

2021 · €29k

2021: €29k

2021 → 2022

Working capital

€25k

2021 · €-20k

2021: €-20k

2021 → 2022

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022Trend

Equity€59k-€87k▲ 47.5%

Operating result€36k-€35k▼ 2.3%

Net result€29k-€28k▼ 3.3%

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 2022; 2022 is 2% below 2021.

Balance-sheet composition

2022 in colour, 2021 as the grey bar beneath

Assets €319k

19.5%

80.5%

Fixed assets €62k ▼ 21.4%

Current assets €257k ▼ 9.6%

Equity and liabilities €319k

27.2%

72.8%

Equity €87k ▲ 47.5%

Debt €232k ▼ 23.7%

Debt's share of the balance-sheet total falls from 83.8% to 72.8%. Equity is higher and debt is lower.

Key figures and ratios

2022 value · change against 2021

EBITDA

€52k▲

2021 · €42k

Cash flow

€45k▲

2021 · €35k

Current ratio

1.11▲

2021 · 0.93

Quick ratio

0.31▼

2021 · 0.41

Debt to equity

2.67▼

2021 · 5.16

ROE

32.2%▼

2021 · 49.1%

ROA

8.8%▲

2021 · 8.0%

Interest coverage

449.62▼

2021 · 464.41

Debt ≤ 1 year

€232k▼

2021 · €304k

Income taxes

€9k▲

2021 · €7k

Staff costs

€10k

Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Filed annual accounts As filed with the NBB · 2022 against 2021 · 38 lines

Balance sheet Code20212022

Assets

Total assets20/58€363k€319k▼

Fixed assets21/28€79k€62k▼

Tangible fixed assets22/27€79k€62k▼

Plant, machinery and equipment23€11k€8k▼

Furniture and vehicles24€69k€54k▼

Current assets29/58€284k€257k▼

Stocks and contracts in progress3€160k€185k▲

Stocks30/36€160k€185k▲

Amounts receivable within one year40/41€120k€72k▼

Trade receivables40€118k€71k▼

Other amounts receivable41€2k€996▼

Cash at bank and in hand54/58€4k€201▼

Deferred charges and accrued income490/1€28-

Equity and liabilities

Total equity and liabilities10/49€363k€319k▼

Equity10/15€59k€87k▲

Contributions10/11€30k€30k=

Profit (loss) carried forward14€29k€57k▲

Amounts payable17/49€304k€232k▼

Amounts payable within one year42/48€304k€232k▼

Trade debts44€290k€215k▼

Suppliers440/4€290k€215k▼

Taxes, remuneration and social security45€14k€17k▲

Taxes450/3€14k€17k▲

Other amounts payable47/48-€216

Income statement Code20212022

Remuneration, social security and pensions62-€10k

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€17k▲

Gross operating margin9900€42k€62k▲

Operating profit (loss)9901€36k€35k▼

Financial income75/76B€312€1k▲

Recurring financial income75€312€1k▲

Financial charges65/66B€90€116▲

Recurring financial charges65€90€116▲

Profit (loss) for the period before taxes9903€36k€37k▲

Income taxes67/77€7k€9k▲

Profit (loss) for the period9904€29k€28k▼

Profit (loss) for the period to be appropriated9905€29k€28k▼

Appropriation of the result

Profit (loss) to be appropriated9906€29k€57k▲

Profit (loss) brought forward from the previous period14P-€29k

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 4Signals 2Filings 2

2026

29-07

Bankruptcy Bankruptcy closure (insufficient assets)

Ondernemingsrechtbank Brussel · KOUGROUP BV EXCELSIORLAAN 71, 1930 ZAVENTEM · event 22-07-2026

2025

07-04

Bankruptcy Opening

Ondernemingsrechtbank Brussel · KOUGROUP BV EXCELSIOR- LAAN 71, 1930 ZAVENTEM · event 01-04-2025

2023

31-08

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 31 days late

2022

30-11

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 122 days late

SignalNBB filing

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

1 establishment unit since 2021

establishment The establishment unit on the map

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.

Ground area

5,436 m²

Building footprint

1,487 m²

Volume, LiDAR

14,271 m³

Parcel 23094D0036/00W000, Flanders · tallest building 12.6 m, ±3 floors. Linked by address, not a title deed.

1 establishment unit

Establishment

General construction of buildings

since 20212.316.161.446

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
23094D0036/00W000	Flanders	5,436 m²	1 · 1,487 m²	12.6 m · 3 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.

Insolvency mandates

1 mandate

Role	Name	Tenure
Curator	Ilse VAN DE MIEROP WOLSTRAAT 68-70, 1000 BRUSSEL 1	01-04-2025 → 22-07-2026

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Of 1,719 companies in sector 47521 we hold annual accounts for 1,288. 799 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded23-03-2021

Fiscal year end31-12

Activities, NACEBEL 2025

47521Retail sale of hardware, building materials, paint and glass (general range)

49200Land transport and transport via pipelines

68203Renting and operating of own or leased non-residential real estate, excluding land

68204Real estate activities

Sources

Crossroads Bank for EnterprisesNational Bank · 2 filingsAddress and cadastre registers

Scores and ratios are computed by Checked and are not a credit decision.