Financials
Financial year 2024
KOKKINOS from Denderleeuw, company number BE0474780851, closed financial year 2024 with a result of € 36,313 after tax. For that financial year KOKKINOS recorded a gross margin of € 159,174 and equity of € 940,039. Compared with financial year 2023, the result moved from € 668,646 to € 36,313. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on October 27, 2025.
€ 940,039
▲ 4% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 36,313
▼ 95% vs 2023
Profit after tax over the fiscal year.
€ 34,580
▲ 2% vs 2023
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2024. Retained profit grew to € 921,439.
People and assets in 2024
€ 3,335
▼ 84% vs 2023
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
Debts at end 2024
€ 1.2 million
▲ 3% vs 2023
€ 87,028 is repaid this year. At this pace the long-term loan is gone in ≈ 14 years.
€ 162,626
▲ 39% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 80,652
▲ 73% vs 2023
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|
| Gross margin | € 229,242 | € 1,156,545 | € 159,174 | ▼ 86% |
| Profit after taxes | € 2,909 | € 668,646 | € 36,313 | ▼ 95% |
| Equity | € 235,081 | € 903,726 | € 940,039 | ▲ 4% |
| Total debts | € 2,225,814 | € 1,529,415 | € 1,657,184 | ▲ 8% |
| Cash | € 24,052 | € 33,760 | € 34,580 | ▲ 2% |
| Land & buildings | € 1,679,134 | € 1,412,542 | € 1,709,758 | ▲ 21% |
| Retained profit | € 216,481 | € 885,126 | € 921,439 | ▲ 4% |
| Bank debt | € 1,660,049 | € 1,195,844 | € 1,231,919 | ▲ 3% |
| Balance sheet total | € 2,460,895 | € 2,649,602 | € 2,804,228 | ▲ 6% |
Key figures of KOKKINOS, fiscal years 2022 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to KOKKINOS?
What happened at KOKKINOS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: profit of € 36,313 (▼ 95% vs 2023). filed late Source: NBB ↗
- New establishment in Denderleeuw. KBO
- Start of the company according to the CBE. KBO
In short
From € 2,909 profit in 2022 to € 36,313 profit in 2024.
Paid € 124,994 in corporate taxes since 2022.
Best year ever: 2023, with € 668,646 profit.
Management
Behind KOKKINOS are Siegid Michiels and Jarne Van Der Straeten. Jarne Van Der Straeten is also behind TRIKUBIC and Kenny Michel Cordy.
Directors
According to the 2024 annual accounts
Siegid Michiels
Director
Establishments
Establishment units
Physical locations of this company
Bakergemveldbaan 11
9472 Denderleeuw
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
- 0474.780.851
- VAT number
- BE 0474.780.851
- Registered office
- Bakergemveldbaan 11, 9472 Denderleeuw
- Names & denominations
- KOKKINOS
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 14 May 2001
- Peppol
- Active · Active since 2 Dec 2025
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