KOULAL
InactiveKOULAL was declared bankrupt on 28-11-2023 (Ondernemingsrechtbank Brussel); the bankruptcy was closed for insufficient assets by judgment of 30-09-2025, published in the Belgian State Gazette on 08-10-2025.
Summary
Inactive; last annual accounts for fiscal year 2021.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2022, 4 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2022 close31-07-2023 deadline24-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 01-08-2022, 1 day 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
not filed
2022
not filed
2021
1 d late
2020
90 d late
2019
122 d late
← before the deadline
after the deadline →
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Address struck
Financials · fiscal year 2021, micro schema
Equity
€22k▲ 230%
2020 · €7k
2018: €24k
2019: €25k
2020: €7k
2018 → 2021
Total assets
€31k▲ 145%
2020 · €13k
2018: €37k
2019: €38k
2020: €13k
2018 → 2021
Net result
€15k
2020 · €-18k
2018: €13k
2019: €655
2020: €-18k
2018 → 2021
Working capital
€22k▲ 230%
2020 · €7k
2018: €23k
2019: €25k
2020: €7k
2018 → 2021
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2018201920202021Trend
Equity€24k-€25k▲ 2.7%€7k▼ 72.9%€22k▲ 230%
Operating result€13k-€621▼ 95.2%€-17k€16k
Net result€13k-€655▼ 94.9%€-18k€15k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2021: €16k after a loss of €17k in 2020, the highest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Equity and liabilities €31k
Equity
€22k ▲ 230%
Debt
€9k ▲ 48.3%
Debt's share of the balance-sheet total falls from 46.9% to 28.5%. Equity and debt are higher.
Key figures and ratios
Current ratio
3.51▲
2020 · 2.13
Quick ratio
2.72▲
2020 · 1.26
Debt to equity
0.40
ROE
69.7%▲
2020 · -268.5%
ROA
49.8%▲
2020 · -142.5%
Debt ≤ 1 year
€9k▲
2020 · €6k
Income taxes
€188▼
2020 · €956
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 · 2021 against 2020 · 35 lines
Balance sheet
Code20202021
Assets
Total assets20/58€13k€31k▲
Current assets29/58€13k€31k▲
Stocks and contracts in progress3€5k€7k▲
Stocks30/36-€7k
Amounts receivable within one year40/41€4k€19k▲
Trade receivables40-€17k
Other amounts receivable41-€2k
Cash at bank and in hand54/58€3k€4k▲
Equity and liabilities
Total equity and liabilities10/49€13k€31k▲
Equity10/15€7k€22k▲
Contributions10/11€19k€19k=
Capital10-€19k
Issued capital100-€19k
Reserves13€561€561=
Non-distributable reserves130/1-€561
Legal reserve130-€561
Profit (loss) carried forward14€-12k€3k▲
Amounts payable17/49€6k€9k▲
Amounts payable within one year42/48€6k€9k▲
Trade debts44€6k€7k▲
Suppliers440/4-€7k
Taxes, remuneration and social security45-€1k
Taxes450/3-€1k
Income statement
Code20202021
Other operating charges640/8-€1k
Gross operating margin9900€-15k€17k▲
Operating profit (loss)9901€-17k€16k▲
Recurring financial income75€166-
Financial charges65/66B-€305
Recurring financial charges65€89€305▲
Profit (loss) for the period before taxes9903€-17k€15k▲
Income taxes67/77€956€188▼
Profit (loss) for the period9904€-18k€15k▲
Profit (loss) for the period to be appropriated9905€-18k€15k▲
Appropriation of the result
Profit (loss) to be appropriated9906-€3k
Profit (loss) brought forward from the previous period14P-€-12k
Timeline · acts, filings and financial milestones
2025
08-10
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Brussel · KOULAL BV FRANCOIS DEGREEFSTRAAT 10, 1030 Schaarbeek · event 30-09-2025
07-05
KBO administration
Address struck
2023
04-12
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · KOULAL BV FRANCOIS DEGREEFSTRAAT 10, 1030 Schaarbeek · event 28-11-2023
2022
01-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 1 day late
2021
31-12
Financial
Back to profitnet €15k
Net result €15k after one loss-making year.
29-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 90 days late
2020
31-12
Financial
Weakest financial yearnet €-18k ▼2832%
Net result drops to €-18k, the lowest in the series.
30-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 122 days late
2019
30-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 122 days late
2018
15-12
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 137 days late
2016
19-10
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 80 days late
2015
31-10
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 92 days late
Show earlier events
2014
28-08
NBB filing
Annual accounts filed
fiscal year 2013 · full schema · 28 days late
2013
02-08
NBB filing
Annual accounts filed
fiscal year 2012 · full schema · 2 days late
2012
14-08
NBB filing
Annual accounts filed
fiscal year 2011 · full schema · 14 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 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
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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | STEVEN NYSTEN PEGASUSLAAN 5, 1831 DIEGEM- |
28-11-2023 → 30-09-2025 |
Company data · Crossroads Bank
Identification
Legal formSPRL
Fiscal year end31-12
Sources
Crossroads Bank for EnterprisesNational Bank · 19 filings
Scores and ratios are computed by Checked and are not a credit decision.