Result
-€228,386 -€228,386
From profit to loss in 2025, after a profit of €286,136 in 2024.
KOZIEL
Lifetime
20 annual accounts with figures on one time axis, 25 filings since 2001peak €3.5m (2019)
€1.4m▼ 14.3%
lowest -€1.8m (2018)
-€228,386▼ €514,521
peak €690,380 (2024)
€457,062▼ 33.8%
€1.9m▼ 3.4%
peak 28.7 FTE (2018)
-not published
Board1 name since 2016
1 directorOPERIS
Owners
via 100%OPERIS
Documentsfilings and deeds
05-08-20265 days late
2025abbreviated format
Gross margin from €1.6m to €1.4mLoss of €228,386Equity from €690,380 to €457,062Cash from €32,480 to €4,656
Key points
from the 2025 annual accountsDebts
€1.9m 81% of the balance sheet
Financial debts 13%Suppliers 69%Taxes and wages 14%Other 3%
Of this, €1.9m falls due within a year.
Position in the sector
-€228,386
Lower net result than 95% of companies in specialised construction. Sector median €26,646 · 9,965 companies.
2025 accounts filed 5 days after the deadline
Checked score
48
Fair
Financially stronger than 11% of small companies in specialised construction (NACE 43)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
3.0% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.3% across 2,647 companies (NACE 43, small).
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 5.7%
01-2025: 5.7%● unchanged vs 12-2024
02-2025: 5.7%● unchanged vs 01-2025
03-2025: 6.4%▲ +0.7 percentage points vs 02-2025
04-2025: 6.4%● unchanged vs 03-2025
05-2025: 6.4%● unchanged vs 04-2025highest value
06-2025: 6.4%● unchanged vs 05-2025
07-2025: 0.9%▼ -5.5 percentage points vs 06-2025
08-2025: 0.9%● unchanged vs 07-2025
09-2025: 0.9%● unchanged vs 08-2025
10-2025: 0.9%● unchanged vs 09-2025
11-2025: 0.9%● unchanged vs 10-2025
12-2025: 0.9%● unchanged vs 11-2025
01-2026: 0.9%● unchanged vs 12-2025lowest value
02-2026: 0.9%● unchanged vs 01-2026
03-2026: 1.1%▲ +0.2 percentage points vs 02-2026
04-2026: 1.1%● unchanged vs 03-2026
05-2026: 1.2%▲ +0.1 percentage points vs 04-2026
06-2026: 1.4%▲ +0.2 percentage points vs 05-2026
07-2026: 1.4%● unchanged vs 06-2026
08-2026: 2.7%▲ +1.3 percentage points vs 07-2026
09-2026: 3.0%▲ +0.3 percentage points vs 08-2026
10-2026: 3.0%● unchanged vs 09-2026
11-2026: 3.0%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Judicial reorganisation on record (4 publications, latest 23-12-2019)
Liquidity: current ratio 1.12, cash €4,656, halved
Loss of €228,386 (financial year 2025)
lowers risk
Size: total assets €2.4m
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 43, small). It does better than 20% of them on solvency, 3% on liquidity, 15% on profitability and 8% 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 moderate class on 30-06-2025, 2.4% 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, 2,507 companies had the same profile as KOZIEL has now. Each dot stands for 7 companies, two years later.
96.4%
were still trading
1.8%
stopped another way
1.6%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of KOZIEL itself is higher: 3.0% within 12 months. It rests on far more data about KOZIEL 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 2,507 companies, not a prediction for KOZIEL. 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 €21,000 on 30-day terms, only on tighter conditions: judicial reorganisation (WER Book XX) on file
Liquidity is tight, with a current ratio of 1.12 (1.17 in 2024), below the usual 1.5. Short-term debt is 78.3% and cash 0.2% of total assets. 81% 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 risk
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 9973 sector peers (2025).
NBB · sector comparisonPosition among 9973 sector peers
Solvency
better than 20%
← weakest
strongest →
raises risk · 2025 accounts filed 5 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 05-08-2026, 5 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
5 days late
2024
38 days early
2023
29 days late
2022
31 days late
2021
11 days late
2020
31 days late
2019
83 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 22 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% 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 11 August (4 of the last 5 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
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0471674772
1 manager resigning, 1 director reappointed
Resignation: OPERIS (manager) · Reappointment: OPERIS (director) · Permanent representative: ERNOTTE Jonathan · General meeting of 28-12-2023 · Gazette deed
Plan homologation
Enterprise Court of Liège · judgment of 17-12-2019 · Judicial reorganisation
Extension
Enterprise Court of Liège · collective agreement · judgment of 17-09-2019 · Judicial reorganisation
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| KOZIEL Visé | €2.4m | €1.4m | 19.0% | - |
| RÖHL Bullange | €2.4m | €1.7m | 47.3% | 21.7 |
| BUYSSE & CO Sombreffe | €2.5m | €1.5m | 30.5% | 20.5 |
| GREEFS EN ZONEN Essen | €2.7m | €1.2m | 42.9% | 8.3 |
| C.S.D. TERRASSEMENT Charleroi | €2.0m | €1.5m | 10.9% | - |
| TERRAPLANT Chimay | €3.0m | €1.2m | 52.6% | 8.9 |
| ELAUT - MORTIER Oosterzele | €2.1m | €1.1m | 79.8% | 7.7 |
These companies have the same main activity as KOZIEL: site preparation (NACE 43120). They are comparable in size and age: total assets between €2m and €3m, founded between 1998 and 2002.
Official details
Source: KBO- Status
- Active since 12-04-2000Normal situation
- Activity
- Site preparationNACE 43120
- Joint committees
- 124Construction
- 200Auxiliary committee for white-collar workers · annual accounts 2024
- Establishment unit
- 2.098.560.6534600 Visé, since 29-06-2000
- Financial year end
- 31 December
- Peppol
- Reachable since 11-12-2025
Annual accounts 2025
- ≈ €3.9mestimated
- €2.4m▼ 11.2%
- Employeeson 31-12-2025
- 21=
- Filing
- Filed on 05-08-2026
Insights on KOZIEL
KOZIEL files the abbreviated format. That format states no turnover. The gross margin rose from €157,299 in 2006 to €1.4m in 2025.
OPERIS holds all the shares.
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 KOZIEL
- What is the company number of KOZIEL?
- The company number of KOZIEL is 0471.674.772. The VAT number is the same number with BE in front: BE 0471.674.772.
- Where is KOZIEL based?
- The registered office is at Rue de Jupille 47, 4600 Visé.Company details
- What does KOZIEL do?
- According to the KBO register, the main activity is site preparation (NACE 43120).
- What is the legal form of KOZIEL?
- KOZIEL is a private limited company (BV).
- When was KOZIEL founded?
- KOZIEL was founded on 12-04-2000.
- Is KOZIEL still active?
- Yes, KOZIEL is an active enterprise in the KBO register.
- How many employees does KOZIEL have?
- KOZIEL had an average of 22.5 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does KOZIEL fall under?
- In its 2024 annual accounts, KOZIEL states joint committees 124 (Construction) and 200 (Auxiliary committee for white-collar workers).
- What is the turnover of KOZIEL?
- The turnover in financial year 2025 is ≈ €3.9m. This figure is estimated from the gross margin of €1.4m and 67 comparable companies (NACE 43). It probably lies between €3.0m and €5.2m.
- Is KOZIEL profitable?
- In financial year 2025, KOZIEL made a loss of €228,386.
- Where can I find the annual accounts of KOZIEL?
- KOZIEL filed 25 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of KOZIEL due?
- KOZIEL must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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