Equity
€107,948 from €241,084 in 2022
Equity fell by 55% in 3 years.
Kouters Development
Lifetime
4 annual accounts with figures on one time axispeak -€5,303 (2025)
-€5,303▲ €39,110
lowest -€81,519 (2023)
-€6,004▲ €39,609
peak €241,084 (2022)
€107,948▼ 5.3%
€98,376unchanged
Board3 names since 2021
2 directorsGOLES and 1 other
Owners
51%STARCK
Documentsfilings and deeds
04-08-20264 days late
2025financial year
Gross margin from -€44,412 to -€5,303Loss of €6,004Cash from €8,618 to €2,614
Key points
from the 2025 annual accountsLosses
-€142,052 in four years
Every financial year from 2022 to 2025 closed with a loss. 2023 was the heaviest.
At the same address
38 companies
2025 accounts filed 4 days after the deadline
Checked score
82
Excellent
Financially stronger than 37% of micro companies in real estate (NACE 68)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 26,626 companies (NACE 68, micro).
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.1%highest value
01-2025: 1.1%● unchanged vs 12-2024
02-2025: 1.1%● unchanged vs 01-2025
03-2025: 0.9%▼ -0.2 percentage points vs 02-2025
04-2025: 1.0%▲ +0.1 percentage points vs 03-2025
05-2025: 1.0%● unchanged vs 04-2025
06-2025: 1.0%● unchanged vs 05-2025
07-2025: 0.8%▼ -0.2 percentage points vs 06-2025
08-2025: 0.8%● unchanged vs 07-2025
09-2025: 0.8%● unchanged vs 08-2025
10-2025: 0.8%● unchanged vs 09-2025
11-2025: 0.9%▲ +0.1 percentage points vs 10-2025
12-2025: 0.9%● unchanged vs 11-2025
01-2026: 0.9%● unchanged vs 12-2025
02-2026: 0.9%● unchanged vs 01-2026
03-2026: 0.9%● unchanged vs 02-2026
04-2026: 0.4%▼ -0.5 percentage points vs 03-2026
05-2026: 0.4%● unchanged vs 04-2026
06-2026: 0.5%▲ +0.1 percentage points vs 05-2026
07-2026: 0.5%● unchanged vs 06-2026
08-2026: 0.8%▲ +0.3 percentage points vs 07-2026
09-2026: 0.4%▼ -0.4 percentage points vs 08-2026
10-2026: 0.4%● unchanged vs 09-2026lowest value
11-2026: 0.4%● unchanged vs 10-2026lowest value
Financial strengthAverage
Score breakdown
raises risk
Liquidity: current ratio 2.10, cash €2,614, halved
Founded in 2021
lowers risk
Sector: Real estate activities (NACE 68)
Figures for financial year 2025 (filed on 05-08-2026)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, micro). It does better than 66% of them on solvency, 21% on liquidity, 26% on profitability and 34% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 3,440 companies had the same profile as Kouters Development has now. Each dot stands for 9 companies, two years later.
90.1%
were still trading
7.4%
stopped another way
2.3%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of Kouters Development itself is lower: 0.4% within 12 months. It rests on far more data about Kouters Development than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 3,440 companies, not a prediction for Kouters Development. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €8,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.1 (2.16 in 2024), above the usual 1.5. Short-term debt is 47.7% and cash 1.3% of total assets. 47.7% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
22232425
2022 to 2025 · latest year -€6,004
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: of the companies that move to filing 1 to 90 days late, 1.41% are now bankrupt, dissolved or in another special legal status, below the 1.66% of all filers. It is a change in behaviour, not evidence of elevated risk.
NBB · 4 filingsDeviation from the deadline
2025
4 days late
2024
34 days early
2023
28 days early
2022
3 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 4 accounts on average 15 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 16 July (4 of the last 4 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
Recent changes
Registered office moved within Ghent
New registered office: Eedverbondkaai 242 9000 Gent · Previous registered office: Kouter 150 bus 502, 9000 Gent · Permanent representative: Eric De Keyser · Board meeting of 22-12-2023 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0770760515
New managing director
BV STARCK appointed, BV Pauwels resigned · Permanent representatives: Joni Pauwels, Erik De Keyser and Floris De Keyser · General meeting of 07-12-2021 · Gazette deed
Registered office moved from Moerbeke-Waas to Ghent
New registered office: Kouter 150 bus 502, 9000 Gent · Previous registered office: Hospicestraat 66B, 9180 Moerbeke-Waas · Resignation: Pauwels (managing director) · Board meeting of 30-09-2021 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Kouters Development Ghent | €206,324 | -€5,303 | 52.3% | - |
| Ter Veldbloemen Ghent | €166,732 | -€21,168 | 100.0% | - |
| KIRO-PROJECTS Lebbeke | €183,586 | -€3,665 | -29.3% | - |
| Calevoet Development Deinze | €221,491 | -€7,740 | 89.1% | 0 |
| Sanderus Projects Ghent | €256,244 | -€4,788 | -24.5% | - |
| KaH Building Hamont-Achel | €223,717 | -€4,781 | 27.4% | - |
| CASADELIA Manage | €224,962 | -€420 | -5.3% | - |
These companies have the same main activity as Kouters Development: development of residential building projects (NACE 68121). They are comparable in size and age: total assets between €167,000 and €256,000, founded between 2020 and 2021.
Official details
Source: KBO- Status
- Active since 05-07-2021Normal situation
- Registered office
- 39 active companies are registered at this address1 started in the 12 months before. Source: KBO register, as of 9 November 2026.
- Activity
- Development of residential building projectsNACE 68121
- Establishment unit
- 2.319.141.1289000 Ghent, since 05-07-2021
- Financial year end
- 31 December
- Peppol
- Reachable since 24-11-2023
Insights on Kouters Development
Kouters Development has been active since 2021 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €107,948 and a net result of -€6,004.
Equity has been shrinking by about 23% per year since 2022. Its solvency ranks better than 62% of 5,810 sector peers (NACE 68, financial year 2025).
The computed 12-month bankruptcy probability is 0.4% (very low).
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Kouters Development
- What is the company number of Kouters Development?
- The company number of Kouters Development is 0770.760.515. The VAT number is the same number with BE in front: BE 0770.760.515.
- Where is Kouters Development based?
- The registered office is at Eedverbondkaai 242, 9000 Ghent.Company details
- What does Kouters Development do?
- According to the KBO register, the main activity is development of residential building projects (NACE 68121).
- What is the legal form of Kouters Development?
- Kouters Development is a public limited company (NV).
- When was Kouters Development founded?
- Kouters Development was founded on 05-07-2021.
- Is Kouters Development still active?
- Yes, Kouters Development is an active enterprise in the KBO register.
- What is the turnover of Kouters Development?
- The annual accounts for financial year 2025 state no turnover.Financials
- Is Kouters Development profitable?
- In financial year 2025, Kouters Development made a loss of €6,004.
- Where can I find the annual accounts of Kouters Development?
- Kouters Development filed 4 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Kouters Development due?
- Kouters Development must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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