KOUNAR
ActiveSummary
KOUNAR has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.14M and a net result of €6k. Equity remains stable across the filed fiscal years (±0.8% per year). Its solvency ranks better than 76% of 114 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability39▼-1
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €90k at 30 days acceptable
Liquidity ample (current ratio 5.38 against 5.6 in 2024; short-term debt: 18.5% of total assets), and 18.6% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 50
Relative position
BE, all sectors
reference
Water transport (NACE 50)
about 39% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
81.4%
Return on assets
0.4%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 27-04-2026, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
3 d early
2024
on the day
2023
32 d early
2022
41 d early
2021
1 d early
2020
38 d early
2019
62 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today30-09-2026 close30-04-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Accepting this client? The AML file with identity, beneficial owners and sanctions lists.AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed Roughly what is this company worth?Value indication
Financials · fiscal year 2025, micro schema
Equity
€1.14M▲ 0.5%
2024 · €1.14M
Total assets
€1.41M▲ 1.5%
2024 · €1.38M
Net result
€6k▼ 49.2%
2024 · €12k
Working capital
€1.14M▲ 0.6%
2024 · €1.14M
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
Line20212022202320242025
Operating result€-3k▲ 52.7%€-1k▲ 66.7%€-3k▼ 173%€-4k▼ 56.6%€-1k▲ 69.5%
Net result€10k€15k▲ 53.8%€-102k€12k€6k▼ 49.2%
Equity€1.21M▲ 0.8%€1.23M▲ 1.2%€1.13M▼ 8.3%€1.14M▲ 1.1%€1.14M▲ 0.5%
Total assets€1.32M▲ 1.7%€1.34M▲ 1.6%€1.36M▲ 1.6%€1.38M▲ 1.6%€1.41M▲ 1.5%
Debt€108k▲ 12.3%€114k▲ 6.0%€238k▲ 108%€247k▲ 3.9%€262k▲ 6.1%
Working capital€1.21M▲ 0.8%€1.23M▲ 1.3%€1.13M▼ 8.5%€1.14M▲ 0.9%€1.14M▲ 0.6%
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 €1k in 2025 against €4k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.41M
Fixed assets
€2k =
Current assets
€1.40M ▲ 1.5%
Equity and liabilities €1.41M
Equity
€1.14M ▲ 0.5%
Debt
€262k ▲ 6.1%
Debt's share of the balance-sheet total rises from 17.8% to 18.6%. Equity and debt are higher.
Key figures and ratios
Current ratio
5.38▼
2024 · 5.60
Debt to equity
0.23▲
2024 · 0.22
ROE
0.5%▼
2024 · 1.1%
ROA
0.4%▼
2024 · 0.9%
Debt ≤ 1 year
€261k▲
2024 · €247k
Income taxes
€5k▲
2024 · €4k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | €1k | €1k | €1k | €1k | €1k | ▲ 3.0% |
| Gross operating margin9900 | €-2k | - | €-2k | €-3k | €-165 | ▲ 95.0% |
| Operating profit (loss)9901 | €-3k | €-1k | €-3k | €-4k | €-1k | ▲ 69.5% |
| Financial income75/76B | €16k | €21k | €21k | €21k | €21k | = |
| Recurring financial income75 | €16k | €21k | €21k | €21k | €21k | = |
| Financial charges65/66B | €30 | €37 | €40 | €39 | €8k | ▲ 21,052% |
| Recurring financial charges65 | €30 | €37 | €40 | €39 | €8k | ▲ 21,052% |
| Profit (loss) for the period before taxes9903 | €13k | €20k | €18k | €17k | €12k | ▼ 30.6% |
| Income taxes67/77 | €4k | €5k | €120k | €4k | €5k | ▲ 20.6% |
| Profit (loss) for the period9904 | €10k | €15k | €-102k | €12k | €6k | ▼ 49.2% |
| Transfer from tax-exempt reserves789 | - | - | €423k | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €10k | €15k | €321k | €12k | €6k | ▼ 49.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.32M | €1.34M | €1.36M | €1.38M | €1.41M | ▲ 1.5% |
| Fixed assets21/28 | €2k | €2k | €2k | €2k | €2k | = |
| Financial fixed assets28 | €2k | €2k | €2k | €2k | €2k | = |
| Current assets29/58 | €1.32M | €1.34M | €1.36M | €1.38M | €1.40M | ▲ 1.5% |
| Amounts receivable within one year40/41 | €1.31M | €1.33M | €1.35M | €1.37M | €1.39M | ▲ 1.6% |
| Other amounts receivable41 | €1.31M | €1.33M | €1.35M | €1.37M | €1.39M | ▲ 1.6% |
| Cash at bank and in hand54/58 | €1 | €1 | €0 | €26 | - | - |
| Deferred charges and accrued income490/1 | €12k | €12k | €12k | €12k | €12k | = |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.32M | €1.34M | €1.36M | €1.38M | €1.41M | ▲ 1.5% |
| Equity10/15 | €1.21M | €1.23M | €1.13M | €1.14M | €1.14M | ▲ 0.5% |
| Contributions10/11 | €200k | €200k | €200k | €200k | €200k | = |
| Capital10 | €200k | €200k | €200k | €200k | €200k | = |
| Issued capital100 | €200k | €200k | €200k | €200k | €200k | = |
| Reserves13 | €1.10M | €1.10M | €683k | €683k | €683k | = |
| Non-distributable reserves130/1 | €17k | €17k | €20k | €20k | €20k | = |
| Legal reserve130 | €17k | €17k | €20k | €20k | €20k | = |
| Tax-exempt reserves132 | €936k | €936k | €513k | €513k | €513k | = |
| Distributable reserves133 | €150k | €150k | €150k | €150k | €150k | = |
| Profit (loss) carried forward14 | €-90k | €-76k | €242k | €254k | €261k | ▲ 2.5% |
| Amounts payable17/49 | €108k | €114k | €238k | €247k | €262k | ▲ 6.1% |
| Amounts payable within one year42/48 | €104k | €109k | €235k | €247k | €261k | ▲ 5.7% |
| Trade debts44 | €5k | €5k | €8k | €11k | €12k | ▲ 2.3% |
| Suppliers440/4 | €5k | €5k | €8k | €11k | €12k | ▲ 2.3% |
| Taxes, remuneration and social security45 | €65k | €69k | €186k | €185k | €179k | ▼ 3.1% |
| Taxes450/3 | €65k | €69k | €186k | €185k | €179k | ▼ 3.1% |
| Other amounts payable47/48 | €34k | €35k | €41k | €50k | €70k | ▲ 38.5% |
| Accrued charges and deferred income492/3 | €4k | €5k | €2k | €184 | €1k | ▲ 545% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €10k | €15k | €-102k | €12k | €6k | ▼ 49.2% |
| Operating cash flow (approximation) | €10k | €15k | €-102k | €12k | €6k | ▼ 49.2% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €0 | €-1 | €26 | - | - |
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
Next filing, fiscal year 2026, expected by
2026
27-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Back to profitnet €12k
Net result €12k after one loss-making year.
29-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Weakest financial yearnet €-102k
Net result drops to €-102k, the lowest in the series; recovery starts the following year.
20-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
29-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Back to profitnet €10k
Net result €10k after one loss-making year.
23-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
28-02
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-09
Financial
Back to profitnet €443k
Net result €443k after one loss-making year.
30-09
Financial
Liquidity times 11current ratio 42.21
Current ratio from 3.69 to 42.21; short-term debt falls from €342k to €30k.
Show earlier events
30-09
Financial
Equity above €1MEq €1.25M ▲54.8%
Equity rises from €809k to €1.25M.
19-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 142 days late
2018
29-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
14-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 9 acts read
About the unread acts
We know of 9 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
9 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, Schilde · 1 establishment unit since 1994
Ground area
1,808 m²
Building footprint
212 m²
Volume, LiDAR
982 m³
Parcel 11041A0477/00H000, Flanders · tallest building 8.4 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
KOUNAR NV
since 19942.102.943.667
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11041A0477/00H000 | Flanders | 1,808 m² | 1 · 212 m² | 8.4 m · 2 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.
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Of 1,337 companies in sector 50400 we hold annual accounts for 394. 292 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded18-11-1992
Fiscal year end30-09
Activities, NACEBEL 2025
50400Inland freight water transport
Scores and ratios are computed by Checked and are not a credit decision.