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ADVANCED COATING

Active
Public limited companyfounded 1996active for 30 yearsRue de l'Avouerie 7, 4000 Liège, Belgium13 active companies are registered at this addressKBO/BCE: BE 0458.085.072
Summary

ADVANCED COATING has been active since 1996 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.5m and a net result of €71,006. Equity remains stable across the filed financial years (±0.5% per year). Its solvency ranks better than 40% of 816 sector peers (NACE 25, financial year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).

Overview

Activity
Coating of metals
NACE 25510
1 site
Size
€3.9mtotal assets 2025
Staff
14.2 FTE
Equity
€1.5m
Profit
€71,006
Financial health
85 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.3%
Structure
Parent
EXPECT · 71.31%
Accounts 3 days early0 of 7 deeds read
Why 85raises riskSector: Manufacture of fabricated metal products, except machinery and equipment (NACE 25)Liquidity: current ratio 0.94, cash €157,778lowers riskFigures for financial year 2025 (filed 28-07-2026)Founded in 1996Show the evidence

Checked score

Score 2025
85 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 39% of its sector peers (NACE 25, small)
Financial strength · tick = 2024
Average
Solvency 63-5
equity 37.9% of total assets
Liquidity 34+5
short-term debt 43.6% · cash 4.0%
Profitability 51+6
return on assets 1.8%
Bankruptcy probability, 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%

About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (747 companies, NACE 25, small)
Last 24 months 11-2024: 0.4% 12-2024: 0.4%● unchanged vs 11-2024 01-2025: 0.4%● unchanged vs 12-2024 02-2025: 0.4%● unchanged vs 01-2025 03-2025: 0.4%● unchanged vs 02-2025 04-2025: 0.5%▲ +0.1 percentage points vs 03-2025 05-2025: 0.5%● unchanged vs 04-2025 06-2025: 0.5%● unchanged vs 05-2025 07-2025: 0.7%▲ +0.2 percentage points vs 06-2025 08-2025: 1.1%▲ +0.4 percentage points vs 07-2025highest value 09-2025: 0.4%▼ -0.7 percentage points vs 08-2025 10-2025: 0.4%● unchanged vs 09-2025 11-2025: 0.4%● unchanged vs 10-2025 12-2025: 0.4%● unchanged vs 11-2025 01-2026: 0.4%● unchanged vs 12-2025 02-2026: 0.4%● unchanged vs 01-2026 03-2026: 0.4%● unchanged vs 02-2026 04-2026: 0.5%▲ +0.1 percentage points vs 03-2026 05-2026: 0.5%● unchanged vs 04-2026 06-2026: 0.5%● unchanged vs 05-2026 07-2026: 0.5%● unchanged vs 06-2026 08-2026: 0.3%▼ -0.2 percentage points vs 07-2026lowest value 09-2026: 0.3%● unchanged vs 08-2026lowest value 10-2026: 0.3%● unchanged vs 09-2026lowest value
Credit of up to €120,000 on 30-day terms is acceptable
Liquidity insufficient (current ratio 0.94, compared with 0.87 in 2024; short-term debt: 43.6% and cash: 4% of total assets), and 62.1% 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 25, small): better than 43% on solvency, 29% on liquidity, 25% on profitability and 58% on growth.

The bankruptcy probability was computed on 11-10-2026 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
raises risk · Sector: Manufacture of fabricated metal products, except machinery and equipment (NACE 25)
KBO
lowers risk · Figures for financial year 2025 (filed 28-07-2026)
NBB · annual accounts
lowers risk · Founded in 1996
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
raises risk · Liquidity: current ratio 0.94, cash €157,778
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
1920212223232425
2019 to 2025 · latest year €1.5m
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 28-07-2026, 3 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
3 days early
2024
30 days late
2023
2 days early
2023
16 days early
2022
8 days early
2021
1 day early
2020
on the day
← 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 on the deadline day; the sector median (NACE 25) for financial year 2024 is 7 days before the deadline, and 35% 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 30 July (3 of the last 3 filed years within 31 days of that day).
Companies Code · seven months
Where today falls in the filing period
12-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · full…
  2. Annual accounts filedfinancial year 2024 · full…
  3. Annual accounts filedfinancial year 2023 · full…

Key points

  • Controlled by EXPECT 71.31% View
  • Active since 1996founded 19-06-1996 30 years View
  • Total assets 20256 financial years filed €3.9m View

By topic

Financials

Financial year
2025
Total assets
€3.9m
Profit
€71,006
Solvency
37.9%
Go to Financials

Timeline

Events
31
Since
1998
Next accounts
by 31-07-2027
  1. 14-11-2023Annual accounts filed
  2. 30-04-2023Back to profit
  3. 22-11-2022Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Coating of metalsNACE 25510
Founded
19-06-1996
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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