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KOUTERS

Active
Public limited companyfounded 20215 yrs activeEedverbondkaai 242, 9000 Gent, BelgiumKBO/BCE: BE 0770.760.119
Summary

KOUTERS has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €31,805 and a net result of -€3,474. Equity is shrinking by ~14.2% per year across the filed fiscal years. Its solvency ranks better than 20% of 4613 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability36▼-3
Solvency31▼-1
Growth58=
Track record94
Bankruptcy probability, 12 months
0.7% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days only on tighter terms
Liquidity tight (current ratio 1.06 against 1.07 in 2024; short-term debt: 93.9% and cash: 0.4% of total assets), and 93.9% of the assets are financed with debt.
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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 5 years 0 10 y
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
6.1%
Return on assets
-0.7%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 4613 sector peers (2025).
NBB · sector comparison
Position among 4613 sector peers
Solvency
better than 20%
← weakest strongest →
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 04-08-2026, 4 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 4 filings
Deviation from the deadline
2025
4 d late
2024
34 d early
2023
28 d early
2022
3 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 4 accounts on average 15 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 16 July (4 of the last 4 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · 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

History

On 5 July 2021, KOUTERS was incorporated as a Public limited company.1 Total assets went from EUR 692,194 in 2022 to EUR 521,952 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2022 and 2025

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Financials · fiscal year 2025, full schema

Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€3,474
2024 · €3,310
Working capital
€31,805▼ 9.8%
2024 · €35,279
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line2022202320242025
Operating result-€383,891--€26,455▲ 93.1%€3,338-€3,434
Net result-€691,536below the sector's middle half--€26,494below the sector's middle half▲ 96.2%€3,310within the sector's middle half-€3,474within the sector's middle half
Equity€58,464below the sector's middle half-€31,969below the sector's middle half▼ 45.3%€35,279below the sector's middle half▲ 10.4%€31,805below the sector's middle half▼ 9.8%
Total assets€692,194within the sector's middle half-€561,597below the sector's middle half▼ 18.9%€524,661below the sector's middle half▼ 6.6%€521,952below the sector's middle half▼ 0.5%
Debt€633,730-€529,628▼ 16.4%€489,382▼ 7.6%€490,147▲ 0.2%
Working capital€58,464within the sector's middle half-€31,969within the sector's middle half▼ 45.3%€35,279within the sector's middle half▲ 10.4%€31,805within the sector's middle half▼ 9.8%
Solvency8.4%below the sector's middle half-5.7%below the sector's middle half▼ 2.8pp6.7%below the sector's middle half▲ 1.0pp6.1%below the sector's middle half▼ 0.6pp
Current ratio1.09within the sector's middle half-1.06within the sector's middle half▼ 0.031.07within the sector's middle half▲ 0.011.06within the sector's middle half▼ 0.01
Return on assets (ROA)-99.9%below the sector's middle half--4.7%below the sector's middle half▲ 95.2pp0.6%within the sector's middle half▲ 5.3pp-0.7%within the sector's middle half▼ 1.3pp
Staff (FTE)3.2within the sector's middle half-0within the sector's middle half▼ 100%
above within below the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
-€800,000-€600,000-€400,000-€200,000€0Operating result 2022: -€383,891-€383,891Net result 2022: -€691,536-€691,536Operating result 2023: -€26,455-€26,455Net result 2023: -€26,494-€26,494Operating result 2024: €3,338€3,338Net result 2024: €3,310€3,310Operating result 2025: -€3,434-€3,434Net result 2025: -€3,474-€3,4742022202320242025-€30,000-€20,000-€10,000€0Operating result 2023: -€26,455-€26,500Net result 2023: -€26,494-€26,500Operating result 2024: €3,338€3,340Net result 2024: €3,310€3,310Operating result 2025: -€3,434-€3,430Net result 2025: -€3,474-€3,470202320242025
The operating result turns negative in 2025: a loss of €3,434 after €3,338 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €521,952
Equity €31,805 ▼ 9.8%
Debt €490,147 ▲ 0.2%
Debt's share of the balance-sheet total rises from 93.3% to 93.9%. Equity is lower and debt is higher.
Key figures and ratios
2025 value · change against 2024
Debt to equity
15.41▲
2024 · 13.87
ROE
-10.9%▼
2024 · 9.4%
Debt ≤ 1 year
€490,147▲
2024 · €489,382
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 819 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 95% are still going.

  • Small
  • 5 to 10 years old
  • solvency under 10%
  • a small loss
1.8% went bankrupt
3.3% stopped otherwise
95% still going

A further 0.2% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.7% 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 497,338 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% 1.9%
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% 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 819 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 · 30 lines
Balance sheet Code20242025
Assets
Total assets20/58€524,661€521,952▼
Current assets29/58€524,661€521,952▼
Amounts receivable within one year40/41€521,704€519,883▼
Trade receivables40€0-
Other amounts receivable41€521,704€519,883▼
Cash at bank and in hand54/58€2,957€2,068▼
Equity and liabilities
Total equity and liabilities10/49€524,661€521,952▼
Equity10/15€35,279€31,805▼
Contributions10/11€750,000€750,000=
Capital10€750,000€750,000=
Issued capital100€750,000€750,000=
Profit (loss) carried forward14-€714,721-€718,195▼
Amounts payable17/49€489,382€490,147▲
Amounts payable within one year42/48€489,382€490,147▲
Trade debts44€4,235€0▼
Suppliers440/4€4,235€0▼
Other amounts payable47/48€485,147€490,147▲
Income statement Code20242025
Remuneration, social security and pensions62€0-
Other operating charges640/8€1,529€1,439▼
Gross operating margin9900€4,867-€1,995▼
Operating profit (loss)9901€3,338-€3,434▼
Financial income75/76B€15€0▼
Recurring financial income75€15€0▼
Financial charges65/66B€44€40▼
Recurring financial charges65€44€40▼
Profit (loss) for the period before taxes9903€3,310-€3,474▼
Profit (loss) for the period9904€3,310-€3,474▼
Profit (loss) for the period to be appropriated9905€3,310-€3,474▼
Appropriation of the result
Profit (loss) to be appropriated9906-€714,721-€718,195▼
Profit (loss) brought forward from the previous period14P-€718,031-€714,721▲

The notes to these accounts (2 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2022202320242025Change
Non-recurring operating income76A€26,983€0---
Remuneration, social security and pensions62€186,207-€167€0--
Other operating charges640/8€12,013€2,462€1,529€1,439▼ 5.9%
Non-recurring operating charges66A€653€0---
Gross operating margin9900-€185,018-€24,160€4,867-€1,995▼ 141%
Operating profit (loss)9901-€383,891-€26,455€3,338-€3,434▼ 203%
Financial income75/76B€366€0€15€0▼ 100%
Recurring financial income75€366€0€15€0▼ 100%
Financial charges65/66B€308,011€39€44€40▼ 7.1%
Recurring financial charges65€308,011€39€44€40▼ 7.1%
Profit (loss) for the period before taxes9903-€691,536-€26,494€3,310-€3,474▼ 205%
Profit (loss) for the period9904-€691,536-€26,494€3,310-€3,474▼ 205%
Profit (loss) for the period to be appropriated9905-€691,536-€26,494€3,310-€3,474▼ 205%
Line2022202320242025Change
Assets
Total assets20/58€692,194€561,597€524,661€521,952▼ 0.5%
Current assets29/58€692,194€561,597€524,661€521,952▼ 0.5%
Amounts receivable within one year40/41€611,992€548,389€521,704€519,883▼ 0.3%
Trade receivables40€73,868€8,685€0--
Other amounts receivable41€538,125€539,704€521,704€519,883▼ 0.3%
Cash at bank and in hand54/58€80,202€13,208€2,957€2,068▼ 30.1%
Equity and liabilities
Total equity and liabilities10/49€692,194€561,597€524,661€521,952▼ 0.5%
Equity10/15€58,464€31,969€35,279€31,805▼ 9.8%
Contributions10/11€750,000€750,000€750,000€750,000=
Capital10€750,000€750,000€750,000€750,000=
Issued capital100€750,000€750,000€750,000€750,000=
Profit (loss) carried forward14-€691,536-€718,031-€714,721-€718,195▼ 0.5%
Amounts payable17/49€633,730€529,628€489,382€490,147▲ 0.2%
Amounts payable within one year42/48€633,730€529,628€489,382€490,147▲ 0.2%
Trade debts44€95,220€31,607€4,235€0▼ 100%
Suppliers440/4€95,220€31,607€4,235€0▼ 100%
Other amounts payable47/48€538,511€498,020€485,147€490,147▲ 1.0%
Line2022202320242025Change
Profit (loss) for the period9904-€691,536-€26,494€3,310-€3,474▼ 205%
Operating cash flow (approximation)-€691,536-€26,494€3,310-€3,474▼ 205%
Change in cash--€66,994-€10,251-€889▲ 91.3%

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

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
04-08
NBB filing Annual accounts filed
fiscal year 2025 · full schema · 4 days late
2025
27-06
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial Back to profitnet €3,310
Net result €3,310 after 2 loss-making years.
03-07
NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
28-07
NBB filing Annual accounts filed
fiscal year 2022 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts

We know of 4 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
4 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, Gent · 1 establishment unit since 2021
seat establishment The establishment unit on the map
Ground area
1,794 m²
Building footprint
901 m²
Volume, LiDAR
8,077 m³
Parcel 44809I0826/00R000, Flanders · tallest building 20.2 m, ±1 floor. Linked by address, not a title deed.
40 companies at this address See who is registered here
1 establishment unit
KOUTERS
Eedverbondkaai 242, 9000 GentConstruction of residential and non-residential buildings
since 20212.319.140.039
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
44809I0826/00R000 Flanders 1,794 m² 1 · 901 m² 20.1 m · 1 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.

Structure & network

Owners and holdings

1 owner · 1 holding

Chain of control

  1. STARCK 51%
  2. KOUTERS

Highest known parent: STARCK. The sources do not say who stands above it.

Owners 1

Holdings 1

According to the 2025 annual accounts of KOUTERS and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Similar companies · same sector, comparable size

Of 11,757 companies in sector 68310 we hold annual accounts for 6,914. 4,451 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
Founded05-07-2021
Fiscal year end31-12
Activities, NACEBEL 2025
68310Real estate agency activities
E-invoicing
Reachable via Peppol
Peppol ID 0208:0770760119
Also 9925:BE0770760119
Registered 24-11-2023

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 29 September 2026 · Peppol Directory

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