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Advanced Coatings & Construction Solutions

Active Cooperative companyfounded 1988active for 38 yearsAllée de l'Innovation 1, 4000 LiègeKBO/BCE: BE 0434.800.025 subsidiary of CENTRE DE RECHERCHES METALLURGIQUES - CENTRUM VOOR RESEARCH IN DE METALLURGIE#3 employer in Liège, Professional and technical services sector

Lifetime

18 annual accounts with figures on one time axis, 37 filings since 1989
Turnoverpeak €19.7m (2010)
€17.1m▼ 0.2%
Resultlowest -€480,745 (2017)
€440,965▲ 31.9%
Equitypeak €10.6m (2025)
€10.6m▲ 4.3%
Debts
€7.3m▼ 9.8%
Staffpeak 103.6 FTE (2018)
85.9 FTE▼ 0.7%
Board54 names since 2005all names
10 directorsJean-Christophe KENNEL and 9 others
Owners6 names in the annual accounts
90%CENTRE DE RECHERCHES METALLURGIQUES - CENTRUM VOOR RESEARCH IN DE METALLURGIE and 2 others
Documentsfilings and deeds
18-05-202674 days before the deadline
2025financial year
Result from €334,241 to €440,9652 directors appointed, 1 statutory auditor reappointed 29-07Cash from €1.5m to €3.5m

Key points

from the 2025 annual accounts

Equity

€10.6m ▲ 4.3%

Advanced Coatings & Construction Solutions has made a profit without a break since 2018.

Result

€440,965 ▲ 31.9%
€334,0002024€441,0002025

The result rose in 2025 from €334,241 to €440,965.

Payment terms

181 days to suppliers
Suppliers
176 to 181
Customers
122 to 85

Advanced Coatings & Construction Solutions pays its suppliers 5 days later than in 2024. Customers pay 37 days earlier.

Filings

37 annual accounts since 1989
AprilJune31 JulyOctober1990200020102020

The last five annual accounts were filed 74 to 124 days before the end of the period.

Board

1 joined · 1 left

Board changed. Latest change 09-02-2026 · 9 in office.

Position in the sector

€10.6m

More equity than 82% of companies in research and development. Sector median €1.3m · 239 companies.

Checked score

95
Excellent
Financially stronger than 58% of medium-sized companies in research and development (NACE 72)
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: 0.1% across 48 companies (NACE 72, medium-sized).

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 01-2025 03-2025: < 0.1%● unchanged vs 02-2025 04-2025: < 0.1%● unchanged vs 03-2025lowest value 05-2025: 0.1%▲ +0.1 percentage points vs 04-2025highest value 06-2025: 0.1%● unchanged vs 05-2025highest value 07-2025: 0.1%● unchanged vs 06-2025highest value 08-2025: 0.1%● unchanged vs 07-2025highest value 09-2025: 0.1%● unchanged vs 08-2025highest value 10-2025: 0.1%● unchanged vs 09-2025highest value 11-2025: 0.1%● unchanged vs 10-2025highest value 12-2025: 0.1%● unchanged vs 11-2025highest value 01-2026: 0.1%● unchanged vs 12-2025highest value 02-2026: 0.1%● unchanged vs 01-2026 03-2026: 0.1%● unchanged vs 02-2026 04-2026: 0.1%● unchanged 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 strength
Strong

Solvency
84+3equity 59.1% of total assets
Liquidity
58+15short-term debt 35.8% · cash 19.3%
Profitability
62+3return on assets 2.5%

Score breakdown

raises risk
Legal form: cooperative company
lowers risk
Liquidity: current ratio 2.07, cash €3.5m
Founded in 1988
Equity €10.6m (59.1% of total assets)
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 72, medium-sized). It does better than 62% of them on solvency, 74% on liquidity, 49% on profitability and 48% on growth.

The bankruptcy probability was computed on 05-11-2026 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, 1,887 companies had the same profile as Advanced Coatings & Construction Solutions has now. Each dot stands for 5 companies, two years later.

97.9%
were still trading
2.0%
stopped another way
0.1%
went bankrupt
  • Medium-sized
  • 20 years or older
  • solvency 30% or more
  • a profit under 5% of the balance sheet

That fits the bankruptcy probability of Advanced Coatings & Construction Solutions 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.

The companies in ten equal groups, from the lowest to the highest expected share
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 1,887 companies, not a prediction for Advanced Coatings & Construction Solutions. 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 €1,000,000 on 30-day terms is acceptable

Liquidity is ample, with a current ratio of 2.07 (2.05 in 2024), above the usual 1.5. Short-term debt is 35.8% and cash 19.3% of total assets. 40.9% of the assets are financed with debt and provisions.

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskraises riskneutral
lowers risk · Liquidity: current ratio 2.07, cash €3.5m
NBB · annual accounts
lowers risk · Founded in 1988
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
lowers risk · Equity €10.6m (59.1% of total assets)
NBB · annual accounts
raises risk · Legal form: cooperative company
KBO
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 18-05-2026, 74 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
74 days early
2024
121 days early
2023
124 days early
2022
118 days early
2021
122 days early
2020
121 days early
2019
98 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 111 days before the deadline. In the sector (NACE 72), the median for financial year 2024 was 13 days before the deadline, and 32% 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 1 April (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
06-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

GV
Gerhardus VAN DEN BERG
Chair
GL
Director
ES
Director
GE
Director
RP
Director
BT
Auditor, Christophe HABETS
and 4 others

Shares in 1 company, Surfaces & Advanced Material Coatings

Board & ownership

Recent changes

1 director appointed, 2 resignations Appointment: Olivier BRUN · Resignations: N. VAN BOCKESTAL (administrateur représentant la région wallonne) and C. DATH (administrateur représentant la région wallonne) · Gazette deed
2 directors appointed, 1 statutory auditor reappointed Appointments: Nicolas VANBOCKESTAL and Catherine DATH · Reappointment: Baker Tilly Audit, Comptabilité, Conseil SRL (statutory auditor) · General meeting of 29-03-2024 · Gazette deed
Purpose change · Legal-form change “La constitution et la gestion d'un patrimoine immobilier;toutes les opérations relatives aux biens immobiliers…” (deed in French) · Legal-form conversion: from coöperatieve vennootschap met beperkte aansprakelijkheid to cooperative company · General meeting of 20-12-2023 · Gazette deed
New establishment in Liège Advanced Coatings & Construction Solutions scrl - MBTech, Avenue Pré-Aily 20
All 75 events

Comparable companies

same main activity, similar in size and age
Company Turnover EBIT margin Solvency Staff
Advanced Coatings & Construction Solutions Liège €17.1m 2.7% 59.1% 85.9
BODEMKUNDIGE DIENST VAN BELGIE - SERVICE PEDOLOGIQUE DE BELGIQUE Leuven €12.5m 5.1% 83.7% 132.6
UNISENSOR Seraing €12.5m 10.5% 71.7% 59.1
CER-Groupe Marche-en-Famenne €22.4m 3.8% 66.6% 150.6
WITTEVEEN+BOS BELGIUM Antwerp €40.9m 3.7% 45.6% 174.2
PAREXEL BELGIUM Wavre €13.1m 4.8% 63.8% 63.1
OYSTERSHELL Merelbeke-Melle €39.8m 17.9% 46.0% 37.6
-10%0%10%20%€5,000€50,000€500,000€5m€50m€500mAdvanced Coatings & Construction SolutionsEBIT margin

Grey: the largest companies of the sector (research and development (NACE 72)), without their names. Blue: the sector peers from the table.

These companies have the same main activity as Advanced Coatings & Construction Solutions: other research and development on natural sciences (NACE 72109). They are comparable in size and age: total assets between €6.8m and €34m, founded between 1979 and 2001.

Official details

Source: KBO
Status
Active since 01-07-1988Normal situation
Activity
Other research and development on natural sciencesNACE 72109and 1 other
Joint committee
210White-collar workers in the steel industry · annual accounts 2025
Establishment units
2.039.634.8364000 Liège, since 10-08-1988
2.153.258.8544400 Flémalle, since 01-01-1994and 5 others
Financial year end
31 December
Peppol
Reachable
Company details

Annual accounts 2025

Total assets
€18.0m▼ 2.0%
Employeeson 31-12-2025
88▼ 2.2%
Filing
Filed on 18-05-2026, 74 days before the end of the filing period
Financials

Insights on Advanced Coatings & Construction Solutions

Advanced Coatings & Construction Solutions has been active since 1988 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €10.6m and a net result of €440,965.

Equity has been growing by about 3.4% per year since 2018. Its solvency ranks better than 55% of 240 sector peers (NACE 72, financial year 2025).

The computed 12-month bankruptcy probability is 0.1% (very low).

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 Advanced Coatings & Construction Solutions

What is the company number of Advanced Coatings & Construction Solutions?
The company number of Advanced Coatings & Construction Solutions is 0434.800.025. The VAT number is the same number with BE in front: BE 0434.800.025.
Where is Advanced Coatings & Construction Solutions based?
The registered office is at Allée de l'Innovation 1, 4000 Liège.Company details
What does Advanced Coatings & Construction Solutions do?
According to the KBO register, the main activity is other research and development on natural sciences (NACE 72109).
What is the legal form of Advanced Coatings & Construction Solutions?
Advanced Coatings & Construction Solutions is a cooperative company (CV).
When was Advanced Coatings & Construction Solutions founded?
Advanced Coatings & Construction Solutions was founded on 01-07-1988.
Is Advanced Coatings & Construction Solutions still active?
Yes, Advanced Coatings & Construction Solutions is an active enterprise in the KBO register.
How many employees does Advanced Coatings & Construction Solutions have?
Advanced Coatings & Construction Solutions had an average of 85.9 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
Which joint committee does Advanced Coatings & Construction Solutions fall under?
In its 2025 annual accounts, Advanced Coatings & Construction Solutions states joint committee 210 (White-collar workers in the steel industry).
What is the turnover of Advanced Coatings & Construction Solutions?
The turnover of Advanced Coatings & Construction Solutions was €17.1m in financial year 2025, according to the filed annual accounts.
Is Advanced Coatings & Construction Solutions profitable?
In financial year 2025, Advanced Coatings & Construction Solutions made a profit of €440,965.
Where can I find the annual accounts of Advanced Coatings & Construction Solutions?
Advanced Coatings & Construction Solutions filed 37 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of Advanced Coatings & Construction Solutions due?
Advanced Coatings & Construction Solutions must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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