Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 18 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
KOENIG from Heist-op-den-Berg, company number BE0442566458, closed financial year 2025 with a result of € -526,340 after tax. For that financial year KOENIG recorded revenue of € 340,740 and equity of € 602,345. Compared with financial year 2024, the result moved from € 63,955 to € -526,340. The company made a loss. The company holds a healthy buffer. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 31, 2026.
€ 602,345
▼ 44% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -526,340
▼ still € 63,955 profit in 2024
Profit after tax over the fiscal year.
€ 18,336
▼ 23% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 440,345.
Debts at end 2025
€ 6 million
▲ 1% vs 2024
€ 281,566 is repaid this year. At this pace the long-term loan is gone in ≈ 18 years.
€ 134,770
▲ 105% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 202 days on average.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | - | € 338,400 | € 494,419 | € 340,740 | ▼ 31% |
| Gross margin | € 70,232 | - | - | - | |
| Profit after taxes | € 49,985 | € -78,111 | € 63,955 | € -526,340 | ▼ € 590,295 |
| Equity | € 1,082,841 | € 1,004,730 | € 1,068,685 | € 602,345 | ▼ 44% |
| Total debts | € 7,504,091 | € 7,904,617 | € 7,829,845 | € 8,200,126 | ▲ 5% |
| Cash | € 286,714 | € 79,910 | € 23,854 | € 18,336 | ▼ 23% |
| Land & buildings | € 451,225 | € 745,952 | € 736,117 | € 710,153 | ▼ 4% |
| Retained profit | € 980,841 | € 902,730 | € 966,685 | € 440,345 | ▼ 54% |
| Bank debt | € 7,150,000 | € 7,494,987 | € 5,896,474 | € 5,976,215 | ▲ 1% |
| Balance sheet total | € 8,586,932 | € 8,909,347 | € 8,898,530 | € 8,802,471 | ▼ 1% |
Key figures of KOENIG, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to KOENIG?
What happened at KOENIG in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Kathleen Van Bael stepped down as director. NBB
- VI.SI. Comm V. stepped down as director. NBB
- Haqua bv stepped down as director. NBB
- Cedefra Holding bv stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 526,340 (▼ € 590,295 vs 2024). filed late Source: NBB ↗
- Kathleen Van Bael became a director. NBB
- Haqua bv became a director. NBB
- VI.SI. Comm V. became a director. NBB
In short
From € 49,985 profit in 2022 to € 526,340 loss in 2025.
Paid € 15,888 in corporate taxes since 2022.
Best year ever: 2024, with € 63,955 profit.
Management
The shares are held by Cedefra Holding bv (18.2%), Top Interior Group nv (18.2%), Bermaso nv (18.2%), Pieter Nauwelaers (18.2%), Alima Invest bv (11.5%) and Jan Verbrugge Invest SD bv (4.6%). It owns 100% of Kovera Sint Joris Winge and 100% of Kovera Geel itself.
Directors
According to the 2025 annual accounts
since 2025 · until 2031
Director · represented by Frank Reekmans
Also active at: HOF TER BEUKEN, GROEP A.X., Amerikalei, IIP6 DEVELOPMENT, STALPO, STANDING BOUWPARTNERS, WOLF INVEST, ELEANOR België +4 more
since 2022 · until 2031
Managing director · represented by Nauwelaers Pieter
since 2025 · until 2031
Managing director · represented by Tom Fransen
Also active at: KOVERA GEEL, GeoCalor, Kovera Sint Joris Winge, Industrie Beyntel 3A, CONCREATE, FRANSEN GROUP, Grondmaatschappij Ensor - Edegem, CEDE Projects +3 more
since 2022 · until 2031
Shareholders
18.2%
18.2%
18.2%
Pieter Nauwelaers
18.2%
11.5%
Kathleen Van Bael · director
4.6%
Christiaan Koenig
4.6%
2.2%
Participations
100%
Establishments
Establishment units
Physical locations of this company
Mechelsesteenweg 76 box C
2220 Heist-op-den-Berg
Mechelsesteenweg 76 C
2220 Heist-op-den-Berg
Active since 12 April 1991
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0442.566.458
- VAT number
- BE 0442.566.458
- Registered office
- Mechelsesteenweg 76 bus C, 2220 Heist-op-den-Berg
- Names & denominations
- KOENIG
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 15 January 1991
- Peppol
- Active · Active since 20 Nov 2020
- Activities · NACE
Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen