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KOUTER

Active
Private limited companyfounded 2009active for 16 yearsRobert Schumanplein 2-4, 1040 Brussel, Belgium151 active companies are registered at this addressKBO/BCE: BE 0820.702.152
Summary

The computed 12-month bankruptcy probability of KOUTER is 2.5% (moderate). The 2025 annual accounts show equity of €275,362 and a net result of €7.4m. Equity remains stable across the filed financial years (±0.9% per year). Its solvency ranks better than 11% of 2,547 sector peers (NACE 71, financial year 2025). The company has been active since 2009 and the Belgian Official Gazette contains no insolvency or warning signals.

Financials · financial year 2025, abbreviated format

Turnover
€650,528
EBIT margin
92.9%
Net result
€7.4m
2024 · -€531,157
Working capital
€8.4m
2024 · -€5.9m
Trend over the years

2021 to 2025, 5 financial years 2019 to 2025, 6 financial years

The operating result returns to profit in 2025: €7.4m after a loss of €526,274 in 2024, the highest result in the available series.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result€7.4m 2025 Net result€7.4m 2025

Use the arrow keys on the chart for the figures per year.

Sector: the middle half of NACE 71, Architectural and engineering activities; technical testing and analysis: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).

Every figure with its change against the financial year before
favourable unfavourable
Line201920212022202320242025
Turnover€0.7m
Operating result€1.8m--€7.3m-€0.6m€0.1m▼ 82.4%-€0.5m€7.4m
Net result€1.8m--€7.4mbelow the sector's middle half-€0.6mabove the sector's middle half€0.1mwithin the sector's middle half▼ 82.6%-€0.5mbelow the sector's middle half€7.4mabove the sector's middle half
EBIT margin92.9%
Equity€0.2m--€7.3mbelow the sector's middle half--€6.7mbelow the sector's middle half▲ 8.3%-€6.6mbelow the sector's middle half▲ 1.6%-€7.1mbelow the sector's middle half▼ 8.1%€0.3mwithin the sector's middle half
Total assets€2.1m-€8.2mabove the sector's middle half-€5.7mabove the sector's middle half▼ 30.7%€4.6mabove the sector's middle half▼ 19.7%€5.2mabove the sector's middle half▲ 13.3%€11.5mabove the sector's middle half▲ 122%
Debt€1.9m-€15.5m-€12.3m▼ 20.2%€11.1m▼ 9.9%€12.3m▲ 10.2%€11.2m▼ 8.8%
Working capital€0.2m--€2.1mbelow the sector's middle half--€2.7mbelow the sector's middle half▼ 28.1%-€4.0mbelow the sector's middle half▼ 44.6%-€5.9mbelow the sector's middle half▼ 48.8%€8.4mabove the sector's middle half
Solvency8.0%--88.5%below the sector's middle half--117.2%below the sector's middle half▼ 28.7pp-143.6%below the sector's middle half▼ 26.5pp-137.1%below the sector's middle half▲ 6.6pp2.4%below the sector's middle half▲ 139.5pp
Current ratio1.09-0.79below the sector's middle half-0.67below the sector's middle half▼ 0.120.53below the sector's middle half▼ 0.140.47below the sector's middle half▼ 0.073.80above the sector's middle half▲ 3.33
Return on assets (ROA)88.6%--90.5%below the sector's middle half-10.6%within the sector's middle half▲ 101.1pp2.3%within the sector's middle half▼ 8.3pp-10.3%below the sector's middle half▼ 12.6pp64.3%above the sector's middle half▲ 74.5pp
Staff (FTE)0below the sector's middle half0below the sector's middle half
above within below the middle half of NACE 71, Architectural and engineering activities; technical testing and analysis: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Balance-sheet composition
Equity and liabilities €11.5m
Equity €275,362
Debt €11.2m
Debt finances 97.6% of the balance-sheet total.
Key figures and ratios
2025 value · change against 2024
Quick ratio
3.80▲
2024 · 0.47
Debt to equity
40.61
Debt ≤ 1 year
€3.0m▼
2024 · €11.1m
Debt > 1 year
€8.2m
A ratio outside any meaningful range has been withheld (balance sheet total €11.5m, equity €275,362).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 166 companies that looked in July 2024 the way this one looks now, 1.2% went bankrupt within 24 months and 97.0% are still going.

  • Medium-sized
  • solvency under 10%
  • a profit of 5% of the balance sheet or more
  • without age
1.2% went bankrupt
1.8% stopped otherwise
97.0% still going

For this company itself Checked computes a higher bankruptcy probability: 2.5% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 0.9%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 166 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 47 lines
Balance sheet Code20242025
Assets
Total assets20/58€5.2m€11.5m▲
Fixed assets21/28€300-
Financial fixed assets28€300-
Current assets29/58€5.2m€11.5m▲
Amounts receivable after more than one year29€4.6m€4.2m▼
Other amounts receivable291€4.6m€4.2m▼
Stocks and contracts in progress3€1€1=
Stocks30/36€1€1=
Amounts receivable within one year40/41€0.6m€7.3m▲
Trade receivables40€0.04m€6.8m▲
Other amounts receivable41€0.5m€0.5m▼
Cash at bank and in hand54/58€365€423▲
Deferred charges and accrued income490/1€0.01m€0.01m▼
Equity and liabilities
Total equity and liabilities10/49€5.2m€11.5m▲
Equity10/15-€7.1m€0.3m▲
Contributions10/11€0.08m€0.08m=
Reserves13€0.09m€0.09m=
Non-distributable reserves130/1€0.008m€0.008m=
Reserves not available under the articles1311€0.008m€0.008m=
Distributable reserves133€0.08m€0.08m=
Profit (loss) carried forward14-€7.3m€0.1m▲
Amounts payable17/49€12.3m€11.2m▼
Amounts payable after more than one year17-€8.2m
Financial debts170/4-€8.2m
Amounts payable within one year42/48€11.1m€3.0m▼
Trade debts44€11.0m€2.9m▼
Suppliers440/4€11.0m€2.9m▼
Taxes, remuneration and social security45€0.001m€0.002m▲
Taxes450/3€0.001m€0.002m▲
Other amounts payable47/48€0.1m€0.08m▼
Accrued charges and deferred income492/3€1.2m€32▼
Income statement Code20242025
Non-recurring operating income76A-€2.3m
Other operating charges640/8€2.5m€0.002m▼
Non-recurring operating charges66A€0€1.9m▲
Gross operating margin9900€2.0m€9.3m▲
Operating profit (loss)9901-€0.5m€7.4m▲
Financial income75/76B€0.01m€0.01m▼
Recurring financial income75€0.01m€0.01m▼
Financial charges65/66B€0.02m€0.07m▲
Recurring financial charges65€0.02m€0.07m▲
Profit (loss) for the period before taxes9903-€0.5m€7.4m▲
Income taxes67/77€0.001m-
Profit (loss) for the period9904-€0.5m€7.4m▲
Profit (loss) for the period to be appropriated9905-€0.5m€7.4m▲
Appropriation of the result
Profit (loss) to be appropriated9906-€7.3m€0.1m▲
Profit (loss) brought forward from the previous period14P-€6.7m-€7.3m▼
Social balance sheet
Average headcount (FTE)90870.0-

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line201920212022202320242025Change
Turnover70--€0.7m----
Non-recurring operating income76A-----€2.3m-
Goods, raw materials, services and sundry goods60/61--€0.05m----
Other operating charges640/8--€0.001m€0.001m€2.5m€0.002m▼ 99.9%
Non-recurring operating charges66A---€0.4m€0€1.9m-
Gross operating margin9900€1.9m-€7.3m€0.6m€0.5m€2.0m€9.3m▲ 377%
Operating profit (loss)9901€1.8m-€7.3m€0.6m€0.1m-€0.5m€7.4m-
Financial income75/76B--€0€2€0.01m€0.01m▼ 19.8%
Recurring financial income75€182€0.003m€0€2€0.01m€0.01m▼ 19.8%
Financial charges65/66B--€0.002m€0.001m€0.02m€0.07m▲ 311%
Recurring financial charges65€25€0.02m€0.002m€0.001m€0.02m€0.07m▲ 311%
Profit (loss) for the period before taxes9903€1.8m-€7.4m€0.6m€0.1m-€0.5m€7.4m-
Income taxes67/77€0.005m€0.07m€0-€0.001m--
Profit (loss) for the period9904€1.8m-€7.4m€0.6m€0.1m-€0.5m€7.4m-
Profit (loss) for the period to be appropriated9905€1.8m-€7.4m€0.6m€0.1m-€0.5m€7.4m-
Line201920212022202320242025Change
Assets
Total assets20/58€2.1m€8.2m€5.7m€4.6m€5.2m€11.5m▲ 122%
Fixed assets21/28€300€300€300€300€300--
Financial fixed assets28€300€300€300€300€300--
Current assets29/58€2.1m€8.2m€5.7m€4.6m€5.2m€11.5m▲ 122%
Amounts receivable after more than one year29--€4.8m€4.1m€4.6m€4.2m▼ 8.7%
Other amounts receivable291--€4.8m€4.1m€4.6m€4.2m▼ 8.7%
Stocks and contracts in progress3€0.1m€1€1€1€1€1=
Stocks30/36--€1€1€1€1=
Amounts receivable within one year40/41€1.9m€1.5m€0.9m€0.5m€0.6m€7.3m▲ 12×
Trade receivables40--€0.02m€303€0.04m€6.8m▲ 159×
Other amounts receivable41--€0.9m€0.5m€0.5m€0.5m▼ 5.5%
Cash at bank and in hand54/58€0.001m€0.003m€0.005m€0.007m€365€423▲ 15.8%
Deferred charges and accrued income490/1----€0.01m€0.01m▼ 19.8%
Equity and liabilities
Total equity and liabilities10/49€2.1m€8.2m€5.7m€4.6m€5.2m€11.5m▲ 122%
Equity10/15€0.2m-€7.3m-€6.7m-€6.6m-€7.1m€0.3m-
Contributions10/11€0.08m-€0.08m€0.08m€0.08m€0.08m=
Reserves13€0.09m€0.09m€0.09m€0.09m€0.09m€0.09m=
Non-distributable reserves130/1--€0.008m€0.008m€0.008m€0.008m=
Reserves not available under the articles1311--€0.008m€0.008m€0.008m€0.008m=
Distributable reserves133--€0.08m€0.08m€0.08m€0.08m=
Profit (loss) carried forward14€0.003m-€7.4m-€6.8m-€6.7m-€7.3m€0.1m-
Amounts payable17/49€1.9m€15.5m€12.3m€11.1m€12.3m€11.2m▼ 8.8%
Amounts payable after more than one year17-----€8.2m-
Financial debts170/4-----€8.2m-
Amounts payable within one year42/48€1.9m€10.4m€8.4m€8.5m€11.1m€3.0m▼ 72.8%
Trade debts44€0.04m€8.2m€8.2m€8.2m€11.0m€2.9m▼ 73.3%
Suppliers440/4--€8.2m€8.2m€11.0m€2.9m▼ 73.3%
Taxes, remuneration and social security45--€0.05m€0€0.001m€0.002m▲ 255%
Taxes450/3--€0.05m€0€0.001m€0.002m▲ 255%
Other amounts payable47/48--€0.2m€0.3m€0.1m€0.08m▼ 26.1%
Accrued charges and deferred income492/3--€3.9m€2.6m€1.2m€32▼ 100.0%
Line201920212022202320242025Change
Profit (loss) for the period9904€1.8m-€7.4m€0.6m€0.1m-€0.5m€7.4m-
Operating cash flow (approximation)€1.8m-€7.4m€0.6m€0.1m-€0.5m€7.4m-
Investment in fixed assets (approximation)--€0€0€0--
Change in cash--€0.002m€0.002m-€0.006m€58-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Latest 10 of 14 filings with the National Bank
Financial year Type Filed Reference
31-03-2025 abbreviated format 28-10-2025 2025-00555356
31-03-2024 abbreviated format 07-11-2024 2024-00530384
31-03-2023 abbreviated format 31-10-2023 2023-00498933
31-03-2022 abbreviated format 23-12-2022 2022-20544866
31-03-2021 abbreviated format 04-03-2022 2022-07000119
30-06-2019 abbreviated format 11-09-2019 2019-64000525
30-06-2018 abbreviated format 17-01-2019 2019-01700254
30-06-2017 abbreviated format 09-01-2018 2018-01000292
30-06-2016 abbreviated format 05-01-2017 2017-00200276
30-06-2015 abbreviated format 17-07-2015 2015-31200596

Show all 14 filings

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