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Kroko

Active
Public limited companyfounded 1961active for 65 yearsDoornikserijksweg(Bel) 10, 8510 Kortrijk, BelgiumKBO/BCE: BE 0405.347.558
Summary

Kroko has been active since 1961 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €4.5m and a net result of €1.6m. Equity remains stable across the filed financial years (±1.5% per year). Its solvency ranks better than 49% of 191 sector peers (NACE 13, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).

Overview

Activity
Manufacture of textiles
NACE 13960Manufacture of fabricated metal products, except machinery and equipment NACE 25991Manufacture of fabricated metal products, except machinery and equipment NACE 25999
5th oldest company in Kortrijk, Manufacturing sector1 site
Size
€15.3mturnover 2025
Staff
39.7 FTE
Equity
€4.5m
Profit
€1.6m
Financial health
96 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
< 0.1%
Structure
Holdings
1
  • FONDARTManaging director · permanent representative Deplancke Hildegarde
  • IMMO - SOBEKManaging director · permanent representative Dejagere Stijn
Auditor: Moore AuditAccounts 1 day early1 of 14 deeds read
Why 96raises riskFigures for financial year 2025 (filed 30-10-2025)lowers riskLiquidity: current ratio 2.01, cash €1.1mFounded in 1961Size: turnover €15.3m, 39.7 FTE, total assets €8.4mShow the evidence

Checked score

Score 2025
96 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 68% of its sector peers (NACE 13, small)
Financial strength · tick = 2024
Strong
Solvency 78+2
equity 53.2% of total assets
Liquidity 44+2
short-term debt 46.3% · cash 13.4%
Profitability 87-5
return on assets 19.1%
Bankruptcy probability, 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (110 companies, NACE 13, small)
Last 24 months 11-2024: 0.1%highest value 12-2024: < 0.1%▼ -0.1 percentage points vs 11-2024 01-2025: < 0.1%● unchanged vs 12-2024 02-2025: < 0.1%● unchanged vs 01-2025 03-2025: < 0.1%● unchanged vs 02-2025 04-2025: < 0.1%● unchanged vs 03-2025 05-2025: < 0.1%● unchanged vs 04-2025 06-2025: < 0.1%● unchanged vs 05-2025 07-2025: < 0.1%● unchanged vs 06-2025 08-2025: < 0.1%● unchanged vs 07-2025 09-2025: < 0.1%● unchanged vs 08-2025 10-2025: < 0.1%● unchanged vs 09-2025 11-2025: < 0.1%● unchanged vs 10-2025 12-2025: < 0.1%● unchanged vs 11-2025 01-2026: < 0.1%● unchanged vs 12-2025 02-2026: < 0.1%● unchanged vs 01-2026 03-2026: < 0.1%● unchanged vs 02-2026 04-2026: < 0.1%● unchanged vs 03-2026 05-2026: < 0.1%● unchanged vs 04-2026 06-2026: < 0.1%● unchanged vs 05-2026 07-2026: < 0.1%● unchanged vs 06-2026lowest value 08-2026: < 0.1%● unchanged vs 07-2026 09-2026: < 0.1%● unchanged vs 08-2026 10-2026: < 0.1%● unchanged vs 09-2026
Credit of up to €420,000 on 30-day terms is acceptable
Liquidity ample (current ratio 2.01, compared with 1.91 in 2024, above the usual 1.5; short-term debt: 46.3% and cash: 13.4% of total assets), and 46.8% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 13, small): better than 58% on solvency, 51% on liquidity, 91% on profitability and 74% on growth.

The bankruptcy probability was computed on 12-10-2026 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.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.
lowers riskraises riskneutral
lowers risk · Liquidity: current ratio 2.01, cash €1.1m
NBB · annual accounts
lowers risk · Founded in 1961
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
lowers risk · Size: turnover €15.3m, 39.7 FTE, total assets €8.4m
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
raises risk · Figures for financial year 2025 (filed 30-10-2025)
NBB · annual accounts
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025
Equity per financial year
19202122232425
2019 to 2025 · latest year €4.5m
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 30-10-2025, 1 day ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
1 day early
2024
on the day
2023
on the day
2022
27 days early
2021
32 days early
2020
26 days early
2019
45 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 19 days before the deadline; the sector median (NACE 13) for financial year 2024 is 13 days before the deadline, and 32% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 31-03-2026 is due by 31-10-2026. Nothing is late today. The company usually files around 30 October (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
31-03-2026 year end13-10-2026 today31-10-2026 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Reappointments: FONDART NV, IMMO SOBEK NV…Appointments: FONDART NV (managing director)…
  2. Annual accounts filedfinancial year 2025 · full…
  3. Annual accounts filedfinancial year 2024 · full…

Key points

  • Positive: 5th oldest company in Kortrijk, Manufacturing sectorin the Checked rankings No. 5 View
  • Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View
  • Positive: 7 profitable years in a rowprofit 2025: €1.6m 7 years View
  • Active since 1961founded 12-01-1961 65 years View

By topic

Financials

Financial year
2025
Turnover
€15.3m
Profit
€1.6m
Solvency
53.2%
Turnover▲ 4.0%
Net result
20192025
Go to Financials

Board & ownership

Board
2 members
Auditor
Moore Audit
  • FONDARTManaging director
  • IMMO - SOBEKManaging director
Go to Board & ownership

Timeline

Events
51
Since
1978
Next accounts
by 31-10-2026
  1. 31-03-2024Highest result from 2019 to 2025
  2. 31-10-2023Annual accounts filed
  3. 04-10-2022Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Manufacture of textilesNACE 13960
Founded
12-01-1961
Year ends
31-03
Peppol
Reachable for e-invoices
Go to Company details

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