Equity
€444,000 ▲ 5.4%
KUSTVERTIER paid out €40,646 in dividends. That is 64% of the 2025 profit.
KUSTVERTIER
Lifetime
12 annual accounts with figures on one time axispeak €350,254 (2025)
€350,254▲ 11.5%
peak €78,050 (2021)
€63,197▲ 21.9%
peak €444,000 (2025)
€444,000▲ 5.4%
€558,058▲ 12.5%
peak 0.7 FTE (2020)
-not published
Board1 name since 2021
1 directorDEBANDT Olivier
Documentsfilings and deeds
02-07-202629 days before the deadline
2025micro format
Dividend €40,646Investments €192,888
Key points
from the 2025 annual accountsTurnover
≈ €1.4m estimated
The micro format states no turnover.
Investments
€192,888 3.0 × depreciation
Green is investment, beige is depreciation. Land and buildings stand 49.8% higher than in 2024.
Staff
5 employees on 31-12-2025
In 2025, 73 people joined and 73 left.
Filings
12 annual accounts since 2014
The last five annual accounts were filed 24 to 155 days before the end of the period.
Position in the sector
€444,000
More equity than 95% of companies in retail trade. Sector median €40,998 · 22,960 companies.
Checked score
95
Excellent
Financially stronger than 63% of micro companies in retail trade (NACE 47)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.6% across 40,271 companies (NACE 47, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025highest value
03-2025: 0.1%● unchanged vs 02-2025
04-2025: < 0.1%▼ -0.1 percentage points vs 03-2025
05-2025: < 0.1%● unchanged vs 04-2025
06-2025: < 0.1%● unchanged vs 05-2025lowest value
07-2025: < 0.1%● unchanged vs 06-2025lowest value
08-2025: < 0.1%● unchanged vs 07-2025lowest value
09-2025: < 0.1%● unchanged vs 08-2025lowest value
10-2025: < 0.1%● unchanged vs 09-2025lowest value
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%▲ +0.1 percentage points 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 06-2026
08-2026: 0.1%● unchanged vs 07-2026
09-2026: 0.1%● unchanged vs 08-2026
10-2026: 0.1%● unchanged vs 09-2026
11-2026: 0.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Sector: Retail trade (NACE 47)
lowers risk
Size: total assets €1.0m
Liquidity: current ratio 1.62, cash €258,264
Figures for financial year 2025 (filed on 02-07-2026)
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 47, micro). It does better than 59% of them on solvency, 77% on liquidity, 65% on profitability and 52% on growth.
The bankruptcy probability was computed on 08-11-2026 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, 34,693 companies had the same profile as KUSTVERTIER has now. Each dot stands for 87 companies, two years later.
95.3%
were still trading
3.9%
stopped another way
0.7%
went bankrupt
That fits the bankruptcy probability of KUSTVERTIER itself: 0.1% within 12 months.
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 34,693 companies, not a prediction for KUSTVERTIER. 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 €40,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.62 (1.83 in 2024), above the usual 1.5. Short-term debt is 28.6% and cash 25.8% of total assets. However, 55.7% 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
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 02-07-2026, 29 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
29 days early
2024
155 days early
2023
110 days early
2022
24 days early
2021
25 days early
2020
8 days early
2019
21 days early
← 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 53 days before the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% 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 2 July (4 of the last 5 accounts filed within 80 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0534822861
Environmental permit granted
Nieuwbouw van bijgebouwen, niet-overdekte lage constructies en andere handelingen · Koksijde
Resignation: DEBANDT Olivier (director)
Reappointment: DEBANDT Olivier (director) · Director discharge: DEBANDT Olivier · General meeting of 26-10-2023 · Gazette deed
Environmental permit granted
Gevel-, dak-, instandhoudings- en renovatiewerken binnen een gebouw, zonder volume- of oppervlaktewijziging · Koksijde
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| KUSTVERTIER Koksijde | €1.0m | €350,254 | 44.3% | - |
| MLG Groep Wevelgem | €0.9m | €337,582 | 28.8% | - |
| Fietsen de Leemhoek Maaseik | €0.9m | €303,947 | 37.0% | 4.7 |
| IMMAS Nieuwpoort | €1.0m | €254,532 | 46.5% | - |
| THE BIKE FACTORY Heusden-Zolder | €1.0m | €310,681 | 56.2% | 2.9 |
| DHOLLANDER KRISTOF Stekene | €0.9m | €360,982 | 73.2% | 4 |
| DE COUREUR Meise | €1.1m | €261,238 | 46.9% | 0 |
These companies have the same main activity as KUSTVERTIER: retail sale of bicycles (NACE 47632). They are comparable in size and age: total assets between €900,000 and €1.1m, founded between 2009 and 2014.
Official details
Source: KBO- Status
- Active since 30-05-2013Normal situation
- Activity
- Retail sale of bicyclesNACE 47632and 3 others
- Joint committees
- 149.04Metal trade
- 200Auxiliary committee for white-collar workers · annual accounts 2025
- Establishment units
- 2.219.429.2848670 Koksijde, since 30-05-2013
- 2.219.429.3838670 Koksijde, since 30-05-2013and 2 others
- Financial year end
- 31 December
- Peppol
- Reachable since 24-07-2026
Annual accounts 2025
- €1.0m▲ 9.2%
- Employeeson 31-12-2025
- 5=
- Filing
- Filed on 02-07-2026, 29 days before the end of the filing period
Insights on KUSTVERTIER
KUSTVERTIER files the micro format. That format states no turnover. The gross margin rose from €150,345 in 2014 to €350,254 in 2025.
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 KUSTVERTIER
- What is the company number of KUSTVERTIER?
- The company number of KUSTVERTIER is 0534.822.861. The VAT number is the same number with BE in front: BE 0534.822.861.
- Where is KUSTVERTIER based?
- The registered office is at Robert Vandammestraat 228, 8670 Koksijde.Company details
- What does KUSTVERTIER do?
- According to the KBO register, the main activity is retail sale of bicycles (NACE 47632).
- What is the legal form of KUSTVERTIER?
- KUSTVERTIER is a private limited company (BV).
- When was KUSTVERTIER founded?
- KUSTVERTIER was founded on 30-05-2013.
- Is KUSTVERTIER still active?
- Yes, KUSTVERTIER is an active enterprise in the KBO register.
- How many employees does KUSTVERTIER have?
- KUSTVERTIER had an average of 3.8 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does KUSTVERTIER fall under?
- In its 2025 annual accounts, KUSTVERTIER states joint committees 149.04 (Metal trade) and 200 (Auxiliary committee for white-collar workers).
- What is the turnover of KUSTVERTIER?
- The turnover in financial year 2025 is ≈ €1.4m. This figure is estimated from the gross margin of €350,254 and 69 comparable companies (NACE 47). It probably lies between €790,000 and €2.1m.
- Is KUSTVERTIER profitable?
- In financial year 2025, KUSTVERTIER made a profit of €63,197.
- Where can I find the annual accounts of KUSTVERTIER?
- KUSTVERTIER filed 12 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of KUSTVERTIER due?
- KUSTVERTIER must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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