ACTIVE

KO'BALT

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Financial year 2025 · closed on 31/12/2025

Net result

56,3 k €

-35.6% YoY

Gross margin

311,1 k €

+12.0% YoY

Equity

543 k €

-3.7% YoY

What does KO'BALT do?

KO'BALT is a Private limited company incorporated in 2002. Its main activity is: Management consultancy activities. Its registered office is in Brasschaat.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0476.927.719

Incorporation

19/02/2002

Legal form

Private limited company

Registered office

Vriesedonklei 19
2930 Brasschaat · FlandreSee on map

Contributed capital

18 600,00 €

Latest accounts

31/12/2025

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 74142Specialised design activities

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	311,1 k €	+12.0%	277,9 k €	+2.0%	272,3 k €	+67.1%	163 k €	-15.8%	193,5 k €	-19.0%	238,8 k €	+73.9%	137,3 k €	-5.1%	144,7 k €	+7.0%	135,2 k €	+31.6%	102,7 k €	+4.7%	98,2 k €	+237%	29,1 k €	-66.3%	86,4 k €	-37.0%	137 k €	+34.1%	102,2 k €	+88.0%	54,3 k €	+4.3%	52,1 k €	+42.2%	36,7 k €	-30.8%	52,9 k €	+14.3%	46,3 k €
EBITDA	200,4 k €	-18.0%	244,4 k €	-3.7%	253,7 k €	+80.1%	140,9 k €	-17.5%	170,8 k €	-20.5%	214,8 k €	+67.2%	128,5 k €	-5.7%	136,2 k €	+7.7%	126,4 k €	+34.7%	93,8 k €	-1.3%	95 k €	+264%	26,1 k €	-68.9%	83,9 k €	-36.8%	132,8 k €	+30.2%	102 k €	+88.4%	54,1 k €	+4.0%	52,1 k €	+42.3%	36,6 k €	-30.8%	52,9 k €	+18.1%	44,7 k €
Operating result	86,8 k €	-35.0%	133,4 k €	-0.7%	134,4 k €	+257%	37,6 k €	-51.7%	78 k €	-37.0%	123,8 k €	+232%	37,3 k €	-17.7%	45,4 k €	+27.9%	35,5 k €	+224%	11 k €	-41.6%	18,8 k €	+208%	6,1 k €	-90.4%	63,6 k €	-43.5%	112,7 k €	+57.8%	71,4 k €	+91.1%	37,4 k €	+8.5%	34,4 k €	+75.0%	19,7 k €	-45.2%	35,9 k €	+35.0%	26,6 k €
Net result	56,3 k €	-35.6%	87,5 k €	+2.2%	85,6 k €	+25.9%	68 k €	+54.8%	43,9 k €	-41.0%	74,4 k €	+497%	12,5 k €	-15.9%	14,8 k €	+157%	5,8 k €	+137%	-15,5 k €	-187%	17,9 k €	+871%	-2,3 k €	-106%	38,4 k €	-74.3%	149,7 k €	+383%	31 k €	+27.1%	24,4 k €	+17.7%	20,7 k €	+181%	7,4 k €	-62.4%	19,6 k €	+49.1%	13,1 k €
Balance sheet
Equity	543 k €	-3.7%	563,9 k €	+14.7%	491,7 k €	+13.4%	433,7 k €	+12.2%	386,5 k €	+12.8%	342,6 k €	+27.7%	268,2 k €	+4.9%	255,7 k €	+6.8%	239,4 k €	+2.5%	233,6 k €	-6.2%	249,1 k €	+7.7%	231,2 k €	-1.0%	233,5 k €	+20.6%	193,7 k €	+176%	70,1 k €	-45.7%	129,2 k €	+23.3%	104,8 k €	+24.8%	84 k €	+9.6%	76,6 k €	+34.4%	57 k €
Total assets	1,5 M €	+67.0%	922,2 k €	-16.6%	1,1 M €	-0.6%	1,1 M €	-0.1%	1,1 M €	-4.7%	1,2 M €	+1.9%	1,1 M €	-4.2%	1,2 M €	-8.9%	1,3 M €	-2.5%	1,3 M €	+0.8%	1,3 M €	+189%	463,2 k €	+3.9%	445,9 k €	-12.7%	510,7 k €	+35.8%	375,9 k €	+125%	167,4 k €	-21.0%	211,8 k €	+16.2%	182,3 k €	-12.6%	208,7 k €	-6.8%	223,9 k €
Cash	61,9 k €	-29.2%	87,4 k €	-35.9%	136,2 k €	+32.8%	102,6 k €	-5.1%	108,1 k €	+265%	29,6 k €	+390%	6 k €	-20.2%	7,6 k €	-33.9%	11,5 k €	-50.7%	23,3 k €	-11.1%	26,2 k €	+456%	4,7 k €	-73.1%	17,5 k €	-85.4%	120 k €		–		1,3 k €		–		10,3 k €	+15.9%	8,9 k €	-17.5%	10,8 k €
Debts	989,9 k €	+183%	349,6 k €	-42.1%	604 k €	-9.5%	667,4 k €	-6.2%	711,7 k €	-12.1%	810,1 k €	-5.8%	859,8 k €	-7.1%	925,5 k €	-12.3%	1,1 M €	-2.8%	1,1 M €	+1.7%	1,1 M €	+412%	208,7 k €	+11.2%	187,7 k €	-35.0%	288,8 k €	-5.6%	305,8 k €	+700%	38,2 k €	-64.3%	107 k €	+11.2%	96,2 k €	-27.1%	132,1 k €	-20.5%	166,2 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 4 ended

Active mandates

BARENT BULCKE

Director

Active

SIGRID CUSTERS

Director

Active

Ended mandates

Barent Bulcke

Mandate

Ended

Barent Bulcke

Manager

Ended

Sigrid Custers

Mandate

Ended

Sigrid Custers

Manager

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	24/08/2026	22/08/2025	29/08/2024	28/08/2023	26/09/2022	24/08/2021
General meeting	30/04/2026	30/04/2025	30/04/2024	30/04/2023	14/05/2022	14/05/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	30/04/2026	24/08/2026	Dutch	PDF
Abridged model	31/12/2024	30/04/2025	22/08/2025	Dutch	PDF
Abridged model	31/12/2023	30/04/2024	29/08/2024	Dutch	PDF
Abridged model	31/12/2022	30/04/2023	28/08/2023	Dutch	PDF
Abridged model	31/12/2021	14/05/2022	26/09/2022	Dutch	PDF
Abridged model	31/12/2020	14/05/2021	24/08/2021	Dutch	PDF
Abridged model	31/12/2019	21/05/2020	28/08/2020	Dutch	PDF
Abridged model	31/12/2018	30/06/2019	30/08/2019	Dutch	PDF
Abridged model	31/12/2017	30/06/2018	30/08/2018	Dutch	PDF
Abridged model	31/12/2016	30/06/2017	28/08/2017	Dutch	PDF
Abridged model	31/12/2015	30/04/2016	17/08/2016	Dutch	PDF
Abridged model	31/12/2014	30/04/2015	09/06/2015	Dutch	PDF
Abridged model	31/12/2013	30/04/2014	25/06/2014	Dutch	PDF
Abridged model	31/12/2012	20/05/2013	11/06/2013	Dutch	PDF
Abridged model	31/12/2011	21/05/2012	31/08/2012	Dutch	PDF
Abridged model	31/12/2010	30/04/2011	05/05/2011	Dutch	PDF
Abridged model	31/12/2009	30/04/2010	17/05/2010	Dutch	PDF
Abridged model	31/12/2008	30/04/2009	09/06/2009	Dutch	PDF
Abridged model	31/12/2007	30/06/2008	08/07/2008	Dutch	PDF
Abridged model	31/12/2006	30/04/2007	23/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 k€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 4 ended

Active mandates

BARENT BULCKE

Director

Active

SIGRID CUSTERS

Director

Active

Ended mandates

Barent Bulcke

Mandate

Ended

Barent Bulcke

Manager

Ended

Sigrid Custers

Mandate

Ended

Sigrid Custers

Manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates16/10/2020
WIJZIGING RECHTSVORM - MAATSCHAPPELIJKE ZETEL - DOEL - ONTSLAGEN - BENOEMINGEN
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 202556,3 k €↓
2024
Annual accounts 202487,5 k €↑
2023
Annual accounts 202385,6 k €↑
2022
Annual accounts 202268 k €↑
2021
Annual accounts 202143,9 k €↓
2020
Annual accounts 202074,4 k €↑
2019
Annual accounts 201912,5 k €↓
2018
Annual accounts 201814,8 k €↑
2017
Annual accounts 20175,8 k €↑
2016
Annual accounts 2016-15,5 k €↓
2015
Annual accounts 201517,9 k €↑
2014
Annual accounts 2014-2,3 k €↓
2013
Annual accounts 201338,4 k €↓
2012
Annual accounts 2012149,7 k €↑
2011
Annual accounts 201131 k €↑
2010
Annual accounts 201024,4 k €↑
2009
Annual accounts 200920,7 k €↑
2008
Annual accounts 20087,4 k €↓
2007
Annual accounts 200719,6 k €↑
2006
Annual accounts 200613,1 k €
19/02/2002
IncorporationPrivate limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

KO'BALT

Overview

What does KO'BALT do?

Trend over 20 financial years

Indicative valuation

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline