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KOUTER IMMO

Active
Private limited company (pre-2019)founded 2015active for 11 yearsHoge Kouter 38, 9880 Aalter, BelgiumKBO/BCE: BE 0635.869.939
Summary

KOUTER IMMO has been active since 2015 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€5,024) and a net result of €6,560. Equity is growing by about 21% per year across the filed financial years. The computed 12-month bankruptcy probability is 1.1% (low).

Financials · financial year 2025, micro format

2025 annual accounts filed late (69 days) Filed on 8 October 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00551031.

Equity
-€5,024▲ 56.6%
2024 · -€11,584
Total assets
€279,781▼ 9.4%
2024 · €308,978
Net result
€6,560▼ 25.0%
2024 · €8,745
Working capital
-€146,058▼ 4.4%
2024 · -€139,870
Trend over the years

2021 to 2025, 5 financial years 2018 to 2025, 8 financial years

The operating result falls in 2025; 2025 is 21% below 2024.

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

Operating result€10,184 2025 Net result€6,560 2025

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

Every figure with its change against the financial year before
favourable unfavourable
Line20182019202020212022202320242025
Operating result€8,266-€15,021▲ 81.7%€26,128▲ 73.9%€11,041▼ 57.7%€12,008▲ 8.8%€4,354▼ 63.7%€12,852▲ 195%€10,184▼ 20.8%
Net result€1,961--€8,119€19,007€2,722▼ 85.7%€7,030▲ 158%-€604€8,745€6,560▼ 25.0%
Equity-€40,365--€48,484▼ 20.1%-€29,477▲ 39.2%-€26,756▲ 9.2%-€19,726▲ 26.3%-€20,330▼ 3.1%-€11,584▲ 43.0%-€5,024▲ 56.6%
Total assets€408,648-€354,060▼ 13.4%€358,680▲ 1.3%€351,904▼ 1.9%€340,514▼ 3.2%€321,579▼ 5.6%€308,978▼ 3.9%€279,781▼ 9.4%
Debt€449,013-€402,544▼ 10.3%€388,157▼ 3.6%€378,660▼ 2.4%€360,239▼ 4.9%€341,909▼ 5.1%€320,562▼ 6.2%€284,805▼ 11.2%
Working capital-€119,049--€127,555▼ 7.1%-€119,721▲ 6.1%-€124,920▼ 4.3%-€124,821▲ 0.1%-€136,953▼ 9.7%-€139,870▼ 2.1%-€146,058▼ 4.4%
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €279,781
Fixed assets €277,680 ▼ 4.3%
Current assets €2,101 ▼ 88.8%
Equity and liabilities
Equity-€5,024
Debt€284,805
Equity is negative: debt (€284,805) exceeds the balance-sheet total (€279,781).
Key figures and ratios
2025 value · change against 2024
EBITDA
€22,664▼
2024 · €25,332
Cash flow
€19,040▼
2024 · €21,225
Solvency
-1.8%▲
2024 · -3.7%
Current ratio
0.01▼
2024 · 0.12
ROA
2.3%▼
2024 · 2.8%
Interest coverage
6.25▲
2024 · 6.17
Debt ≤ 1 year
€148,159▼
2024 · €158,688
Debt > 1 year
€136,102▼
2024 · €160,110
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 1,379 companies that looked in July 2024 the way this one looks now, 2.4% went bankrupt within 24 months and 94.3% are still going.

  • Micro
  • 10 to 20 years old
  • negative equity
  • a profit under 5% of the balance sheet
2.4% went bankrupt
3.2% stopped otherwise
94.3% still going

A further 0.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 1.1% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,473 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% 1.0%
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 1,379 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 · 35 lines
Balance sheet Code20242025
Assets
Total assets20/58€308,978€279,781▼
Fixed assets21/28€290,160€277,680▼
Tangible fixed assets22/27€290,160€277,680▼
Land and buildings22€290,160€277,680▼
Current assets29/58€18,818€2,101▼
Amounts receivable within one year40/41€14,616-
Other amounts receivable41€14,616-
Cash at bank and in hand54/58€4,202€2,101▼
Equity and liabilities
Total equity and liabilities10/49€308,978€279,781▼
Equity10/15-€11,584-€5,024▲
Contributions10/11€18,550€18,550=
Reserves13€1,855€1,855=
Non-distributable reserves130/1€1,855€1,855=
Reserves not available under the articles1311€1,855€1,855=
Profit (loss) carried forward14-€31,989-€25,429▲
Amounts payable17/49€320,562€284,805▼
Amounts payable after more than one year17€160,110€136,102▼
Financial debts170/4€160,110€136,102▼
Amounts payable within one year42/48€158,688€148,159▼
Current portion of amounts payable after more than one year42€23,552€24,008▲
Trade debts44€542-
Suppliers440/4€542-
Other amounts payable47/48€134,594€124,151▼
Accrued charges and deferred income492/3€1,764€544▼
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12,480€12,480=
Other operating charges640/8€1,905€2,126▲
Gross operating margin9900€27,237€24,790▼
Operating profit (loss)9901€12,852€10,184▼
Financial charges65/66B€4,107€3,624▼
Recurring financial charges65€4,107€3,624▼
Profit (loss) for the period before taxes9903€8,745€6,560▼
Profit (loss) for the period9904€8,745€6,560▼
Profit (loss) for the period to be appropriated9905€8,745€6,560▼
Appropriation of the result
Profit (loss) to be appropriated9906-€31,989-€25,429▲
Profit (loss) brought forward from the previous period14P-€40,735-€31,989▲

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20182019202020212022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€21,012€12,480€12,480€12,480€12,480€12,480€12,480€12,480=
Other operating charges640/8---€3,101€3,257€540€1,905€2,126▲ 11.6%
Gross operating margin9900€33,560€29,198€38,608€26,621€27,745€17,374€27,237€24,790▼ 9.0%
Operating profit (loss)9901€8,266€15,021€26,128€11,041€12,008€4,354€12,852€10,184▼ 20.8%
Financial charges65/66B---€6,325€4,978€4,958€4,107€3,624▼ 11.8%
Recurring financial charges65€6,305€7,814€5,396€6,325€4,978€4,958€4,107€3,624▼ 11.8%
Profit (loss) for the period before taxes9903€1,961€7,208€20,732€4,716€7,030-€604€8,745€6,560▼ 25.0%
Income taxes67/77-€15,326€1,725€1,995-----
Profit (loss) for the period9904€1,961-€8,119€19,007€2,722€7,030-€604€8,745€6,560▼ 25.0%
Profit (loss) for the period to be appropriated9905€1,961-€8,119€19,007€2,722€7,030-€604€8,745€6,560▼ 25.0%
Line20182019202020212022202320242025Change
Assets
Total assets20/58€408,648€354,060€358,680€351,904€340,514€321,579€308,978€279,781▼ 9.4%
Fixed assets21/28€373,575€352,560€340,080€327,600€315,120€302,640€290,160€277,680▼ 4.3%
Tangible fixed assets22/27€373,575€352,560€340,080€327,600€315,120€302,640€290,160€277,680▼ 4.3%
Land and buildings22---€327,600€315,120€302,640€290,160€277,680▼ 4.3%
Current assets29/58€35,073€1,500€18,600€24,304€25,394€18,939€18,818€2,101▼ 88.8%
Amounts receivable within one year40/41€34,116-€18,600€24,217€24,217€18,263€14,616--
Other amounts receivable41---€24,217€24,217€18,263€14,616--
Cash at bank and in hand54/58€957€1,500-€87€1,176€677€4,202€2,101▼ 50.0%
Equity and liabilities
Total equity and liabilities10/49€408,648€354,060€358,680€351,904€340,514€321,579€308,978€279,781▼ 9.4%
Equity10/15-€40,365-€48,484-€29,477-€26,756-€19,726-€20,330-€11,584-€5,024▲ 56.6%
Contributions10/11€18,550€18,550-€18,550€18,550€18,550€18,550€18,550=
Reserves13€1,855€1,855€1,855€1,855€1,855€1,855€1,855€1,855=
Non-distributable reserves130/1---€1,855€1,855€1,855€1,855€1,855=
Reserves not available under the articles1311---€1,855€1,855€1,855€1,855€1,855=
Profit (loss) carried forward14-€60,770-€68,889-€49,882-€47,161-€40,131-€40,735-€31,989-€25,429▲ 20.5%
Amounts payable17/49€449,013€402,544€388,157€378,660€360,239€341,909€320,562€284,805▼ 11.2%
Amounts payable after more than one year17€294,891€273,489€249,836€229,436€206,768€183,662€160,110€136,102▼ 15.0%
Financial debts170/4---€229,436€206,768€183,662€160,110€136,102▼ 15.0%
Amounts payable within one year42/48€154,122€129,055€138,321€149,224€150,214€155,893€158,688€148,159▼ 6.6%
Current portion of amounts payable after more than one year42---€22,238€22,668€23,106€23,552€24,008▲ 1.9%
Trade debts44€4,323€244€1,955€1,616-€723€542--
Suppliers440/4---€1,616-€723€542--
Other amounts payable47/48---€125,370€127,547€132,064€134,594€124,151▼ 7.8%
Accrued charges and deferred income492/3----€3,257€2,354€1,764€544▼ 69.2%
Line20182019202020212022202320242025Change
Profit (loss) for the period9904€1,961-€8,119€19,007€2,722€7,030-€604€8,745€6,560▼ 25.0%
+ Depreciation and write-downs630€21,012€12,480€12,480€12,480€12,480€12,480€12,480€12,480=
Operating cash flow (approximation)€22,974€4,361€31,487€15,202€19,510€11,876€21,225€19,040▼ 10.3%
Investment in fixed assets (approximation)-€8,535€0€0€0€0€0€0-
Change in cash-€543--€1,089-€500€3,525-€2,101-

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

Filings with the National Bank (10)
Financial year Type Filed Reference
31-12-2025 micro format 08-10-2026 2026-00551031
31-12-2024 micro format 27-08-2025 2025-00411376
31-12-2023 micro format 29-08-2024 2024-00405340
31-12-2022 micro format 06-10-2023 2023-00474394
31-12-2021 micro format 23-06-2022 2022-20084713
31-12-2020 micro format 30-08-2021 2021-61600347
31-12-2019 micro format 05-10-2020 2020-59100178
31-12-2018 micro format 01-10-2020 2020-58900483
31-12-2017 abbreviated format 15-07-2019 2019-34600367
31-12-2016 abbreviated format 15-07-2019 2019-33500046

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.