Financials
- Fiscal year
- 2025
- Total assets
- €441,696
- Profit
- €1,682
- Solvency
- -30.1%
Total assets▲ 7.3%
Net result
20202025
ANTWERP COATING
ActiveSummary
ANTWERP COATING has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€133,130) and a net result of €1,682. Equity is shrinking by ~11.4% per year across the filed fiscal years. Its solvency ranks better than 5% of 1212 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Overview
Activity
Coating of metals
NACE 25510Manufacture of fabricated metal products, except machinery and equipment NACE 25610
1 site
Size
€441,696total assets 2025
- Equity
- -€133,130
- Profit
- €1,682
Turnover not published (abridged schema)
Structure
Accounts on time0 of 2 deeds read
Why 54Capped at 59: negative equity- Negative equity -€133,130- Sector Manufacture of fabricated metal products, except machinery and equipment (NACE 25)- Founded in 2019+ Size: total assets €441,696Show the evidence
Checked score
Score 2025
54
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 21% of its sector peers (NACE 25, micro)
Performance against the sector, not lower risk
Negative equity caps the score at 59. Every signal that weighs is under Signals.
Financial strength · tick = 2024
Weak
Solvency
0=
equity -30.1% of total assets
Liquidity
20+7
short-term debt 76.0% · cash 9.3%
Profitability
67+57
return on assets 0.4%
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 2.1%
12-2024: 2.1%▼ -0.6% vs 11-2024
01-2025: 2.1%● 0.0% vs 12-2024
02-2025: 2.0%▼ -2.8% vs 01-2025
03-2025: 2.0%▼ -3.6% vs 02-2025
04-2025: 2.0%▲ +4.5% vs 03-2025
05-2025: 2.7%▲ +31.8% vs 04-2025highest value
06-2025: 1.8%▼ -33.2% vs 05-2025
07-2025: 1.7%▼ -3.5% vs 06-2025
08-2025: 1.7%● 0.0% vs 07-2025
09-2025: 1.7%● 0.0% vs 08-2025
10-2025: 1.7%● 0.0% vs 09-2025
11-2025: 1.7%● 0.0% vs 10-2025
12-2025: 1.7%▼ -2.1% vs 11-2025
01-2026: 1.7%▲ +1.0% vs 12-2025
02-2026: 1.7%▼ -2.2% vs 01-2026
03-2026: 1.6%▼ -2.9% vs 02-2026
04-2026: 1.7%▲ +5.7% vs 03-2026
05-2026: 2.3%▲ +35.6% vs 04-2026
06-2026: 1.0%▼ -57.8% vs 05-2026
07-2026: 1.0%● 0.0% vs 06-2026
08-2026: 1.0%● 0.0% vs 07-2026
09-2026: 1.0%● 0.0% vs 08-2026
10-2026: 1.0%▼ -0.7% vs 09-2026lowest value
- Size: total assets €441,696 lowers the probability for this profile
- Negative equity -€133,130 raises the probability
- Sector Manufacture of fabricated metal products, except machinery and equipment (NACE 25) raises the probability
- Founded in 2019 raises the probability for this profile
No credit on open account
Liquidity short (current ratio 0.27 against 0.14 in 2024; short-term debt: 76% and cash: 9.3% of total assets), and equity is negative.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 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% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 25, micro). Better than this share of them on solvency 3%, liquidity 11%, profitability 33%, growth against the median 40%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 04-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 1212 sector peers (2025).
NBB · sector comparisonPosition among 1212 sector peers
Solvency
better than 5%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 30-04-2026, 0 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
on the day
2024
on the day
2023
25 d early
2022
4 d early
2021
30 d early
2020
28 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 5 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 26 April (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 close04-10-2026 today30-04-2027 deadline
- Annual accounts filedfiscal year 2025 · abbreviated…
- Back to profitnet €1,682
- Annual accounts filedfiscal year 2024 · abbreviated…
Key points
By topic
Timeline
- Events
- 7
- Since
- 2021
- Next accounts
- by 30-04-2027
- 30-04-2026Annual accounts filed
- 30-09-2025Back to profit
- 30-04-2025Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Coating of metalsNACE 25510
- Founded
- 18-04-2019
- Year ends
- 30-09
- Peppol
- Reachable for e-invoices
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