KOZA
ActiveSummary
KOZA has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €200k and a net result of €-29k. Equity remains stable across the filed fiscal years (±0.4% per year). Its solvency ranks better than 91% of 36375 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability3▼-73
Solvency100=
Growth32▼-46
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11k at 30 days acceptable
Liquidity ample (current ratio 6.9 against 13.76 in 2023; short-term debt: 14.4% and cash: 2.4% of total assets), and 14.4% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more 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
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 2024Solvency, return and age of the figures
Solvency
85.6%
Return on assets
-12.6%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-08-2025, 30 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
30 d late
2023
167 d late
2022
28 d late
2021
31 d late
2020
30 d late
2019
70 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€200k▼ 12.8%
2023 · €230k
2018: €209k
2019: €209k▲ +0.2% vs 2018
2020: €207k▼ -1.0% vs 2019
2021: €211k▲ +1.9% vs 2020
2022: €216k▲ +2.4% vs 2021
2023: €230k▲ +6.4% vs 2022highest in 7 years
2024: €200k▼ -12.8% vs 2023lowest in 7 years
2018 → 2024
Total assets
€234k▼ 5.5%
2023 · €248k
2018: €221k
2019: €232k▲ +4.6% vs 2018
2020: €209k▼ -9.8% vs 2019lowest in 7 years
2021: €263k▲ +25.6% vs 2020highest in 7 years
2022: €220k▼ -16.2% vs 2021
2023: €248k▲ +12.5% vs 2022
2024: €234k▼ -5.5% vs 2023
2018 → 2024
Net result
€-29k
2023 · €14k
2018: €39
2019: €461▲ +1081% vs 2018
2020: €-2k▼ -564% vs 2019
2021: €4k▲ +287% vs 2020
2022: €5k▲ +24.4% vs 2021
2023: €14k▲ +176% vs 2022highest in 7 years
2024: €-29k▼ -314% vs 2023lowest in 7 years
2018 → 2024
Working capital
€199k▼ 13.0%
2023 · €228k
2018: €192klowest in 7 years
2019: €201k▲ +4.6% vs 2018
2020: €203k▲ +1.0% vs 2019
2021: €207k▲ +2.0% vs 2020
2022: €212k▲ +2.4% vs 2021
2023: €228k▲ +7.7% vs 2022highest in 7 years
2024: €199k▼ -13.0% vs 2023
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€207k-€211k▲ 1.9%€216k▲ 2.4%€230k▲ 6.4%€200k▼ 12.8%
2020: €207k
2021: €211k▲ +1.9% vs 2020
2022: €216k▲ +2.4% vs 2021
2023: €230k▲ +6.4% vs 2022highest in 5 years
2024: €200k▼ -12.8% vs 2023lowest in 5 years
Operating result€-2k-€6k€7k▲ 24.4%€21k▲ 208%€-29k
2020: €-2k
2021: €6k▲ +398% vs 2020
2022: €7k▲ +24.4% vs 2021
2023: €21k▲ +208% vs 2022highest in 5 years
2024: €-29k▼ -238% vs 2023lowest in 5 years
Net result€-2k-€4k€5k▲ 24.4%€14k▲ 176%€-29k
2020: €-2k
2021: €4k▲ +287% vs 2020
2022: €5k▲ +24.4% vs 2021
2023: €14k▲ +176% vs 2022highest in 5 years
2024: €-29k▼ -314% vs 2023lowest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €29k after €21k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €234k
Fixed assets
€2k ▲ 15.6%
Current assets
€233k ▼ 5.6%
Equity and liabilities €234k
Equity
€200k ▼ 12.8%
Debt
€34k ▲ 88.2%
Debt's share of the balance-sheet total rises from 7.2% to 14.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-28k▼
2023 · €24k
Cash flow
€-28k▼
2023 · €16k
Current ratio
6.90▼
2023 · 13.76
Debt to equity
0.17▲
2023 · 0.08
ROE
-14.7%▼
2023 · 6.0%
ROA
-12.6%▼
2023 · 5.6%
Interest coverage
-307.08▼
2023 · 134.54
Debt ≤ 1 year
€34k▲
2023 · €18k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 40 lines
Balance sheet
Code20232024
Assets
Total assets20/58€248k€234k▼
Fixed assets21/28€1k€2k▲
Tangible fixed assets22/27€830€1k▲
Plant, machinery and equipment23€830€1k▲
Financial fixed assets28€500€500=
Current assets29/58€246k€233k▼
Amounts receivable within one year40/41€234k€227k▼
Trade receivables40€185k€176k▼
Other amounts receivable41€49k€51k▲
Cash at bank and in hand54/58€12k€6k▼
Equity and liabilities
Total equity and liabilities10/49€248k€234k▼
Equity10/15€230k€200k▼
Contributions10/11€17k€17k=
Reserves13€213k€183k▼
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€211k€181k▼
Amounts payable17/49€18k€34k▲
Amounts payable within one year42/48€18k€34k▲
Trade debts44€8k€26k▲
Suppliers440/4€8k€26k▲
Taxes, remuneration and social security45€9k€7k▼
Taxes450/3€9k€7k▼
Income statement
Code20232024
Non-recurring operating income76A-€1k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€1k▼
Other operating charges640/8€1k€126▼
Gross operating margin9900€25k€-28k▼
Operating profit (loss)9901€21k€-29k▼
Financial income75/76B€4€0▼
Recurring financial income75€4€0▼
Financial charges65/66B€176€92▼
Recurring financial charges65€176€92▼
Profit (loss) for the period before taxes9903€21k€-29k▼
Income taxes67/77€7k-
Profit (loss) for the period9904€14k€-29k▼
Profit (loss) for the period to be appropriated9905€14k€-29k▼
Appropriation of the result
Profit (loss) to be appropriated9906€14k€-29k▼
Transfer from equity791/2-€29k
Transfer to equity691/2€14k-
To other reserves6921€14k-
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €1k | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7k | €1k | €1k | €3k | €1k | ▼ 58.2% |
| Other operating charges640/8 | - | €760 | €1k | €1k | €126 | ▼ 91.5% |
| Non-recurring operating charges66A | - | €15k | - | - | - | - |
| Gross operating margin9900 | €6k | €23k | €9k | €25k | €-28k | ▼ 212% |
| Operating profit (loss)9901 | €-2k | €6k | €7k | €21k | €-29k | ▼ 238% |
| Financial income75/76B | - | €1 | €394 | €4 | €0 | ▼ 99.5% |
| Recurring financial income75 | €3 | €1 | €394 | €4 | €0 | ▼ 99.5% |
| Financial charges65/66B | - | €96 | €101 | €176 | €92 | ▼ 47.7% |
| Recurring financial charges65 | €170 | €96 | €101 | €176 | €92 | ▼ 47.7% |
| Profit (loss) for the period before taxes9903 | €-2k | €5k | €7k | €21k | €-29k | ▼ 240% |
| Income taxes67/77 | €116 | €1k | €2k | €7k | - | - |
| Profit (loss) for the period9904 | €-2k | €4k | €5k | €14k | €-29k | ▼ 314% |
| Profit (loss) for the period to be appropriated9905 | €-2k | €4k | €5k | €14k | €-29k | ▼ 314% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €209k | €263k | €220k | €248k | €234k | ▼ 5.5% |
| Fixed assets21/28 | €4k | €4k | €4k | €1k | €2k | ▲ 15.6% |
| Tangible fixed assets22/27 | €3k | €3k | €3k | €830 | €1k | ▲ 24.9% |
| Plant, machinery and equipment23 | - | €3k | €3k | €830 | €1k | ▲ 24.9% |
| Financial fixed assets28 | €500 | €500 | €500 | €500 | €500 | = |
| Current assets29/58 | €205k | €259k | €216k | €246k | €233k | ▼ 5.6% |
| Amounts receivable within one year40/41 | €204k | €240k | €211k | €234k | €227k | ▼ 3.2% |
| Trade receivables40 | - | €176k | €165k | €185k | €176k | ▼ 4.8% |
| Other amounts receivable41 | - | €65k | €46k | €49k | €51k | ▲ 3.1% |
| Cash at bank and in hand54/58 | €1k | €18k | €5k | €12k | €6k | ▼ 53.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €209k | €263k | €220k | €248k | €234k | ▼ 5.5% |
| Equity10/15 | €207k | €211k | €216k | €230k | €200k | ▼ 12.8% |
| Contributions10/11 | - | €17k | €17k | €17k | €17k | = |
| Reserves13 | €192k | €194k | €199k | €213k | €183k | ▼ 13.8% |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | - | €192k | €197k | €211k | €181k | ▼ 14.0% |
| Profit (loss) carried forward14 | €-2k | - | - | - | - | - |
| Amounts payable17/49 | €2k | €52k | €4k | €18k | €34k | ▲ 88.2% |
| Amounts payable within one year42/48 | €2k | €52k | €4k | €18k | €34k | ▲ 88.2% |
| Trade debts44 | €1k | €50k | €2k | €8k | €26k | ▲ 213% |
| Suppliers440/4 | - | €50k | €2k | €8k | €26k | ▲ 213% |
| Taxes, remuneration and social security45 | - | €1k | €2k | €9k | €7k | ▼ 23.3% |
| Taxes450/3 | - | €1k | €2k | €9k | €7k | ▼ 23.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-2k | €4k | €5k | €14k | €-29k | ▼ 314% |
| + Depreciation and write-downs630 | €7k | €1k | €1k | €3k | €1k | ▼ 58.2% |
| Operating cash flow (approximation) | €5k | €5k | €6k | €16k | €-28k | ▼ 274% |
| Investment in fixed assets (approximation) | - | €-1k | €-1k | €0 | €-1k | - |
| Change in cash | - | €17k | €-14k | €7k | €-6k | ▼ 190% |
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
2025
30-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 30 days late
14-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 167 days late
2024
31-12
Financial
Weakest financial yearnet €-29k
Net result drops to €-29k, the lowest in the series.
2023
31-12
Financial
Highest result since 2018net €14k ▲176%
Operating result €21k, net result €14k, both a record.
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 28 days late
2022
31-12
Financial
Liquidity times 11current ratio 53.00
Current ratio from 5.02 to 53.00; short-term debt falls from €52k to €4k.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Back to profitnet €4k
Net result €4k after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
31-12
Financial
Liquidity times 10current ratio 102.88
Current ratio from 9.95 to 102.88; short-term debt falls from €22k to €2k.
09-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 70 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
Show earlier events
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
2016
26-09
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 57 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Ternat · 1 establishment unit since 2007
Ground area
902 m²
Building footprint
191 m²
Volume, LiDAR
1,387 m³
2 parcels, Flanders · tallest building 11.4 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
KOZA
since 20072.164.271.423
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23084A0519/00W000 | Flanders | 820 m² | 1 · 133 m² | 11.4 m · 3 fl. |
| 23086A0354/00K002 | Flanders | 82 m² | 1 · 58 m² | 10.3 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 15,529 companies in sector 43990 we hold annual accounts for 7,420. 5,844 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded27-07-2007
Fiscal year end31-12
Activities, NACEBEL 2025
43990Other specialised construction activities
43110Demolition
43120Site preparation
Scores and ratios are computed by Checked and are not a credit decision.