B-COAT
ActiveB-COAT has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €467k and a net result of €-357k. Equity is growing by ~4.3% per year across the filed fiscal years. Its solvency ranks better than 46% of 7971 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
42
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-27
Solvency66▲+18
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €19k at 30 days only on tighter terms
Liquidity ample (current ratio 1.59 against 0.82 in 2024; short-term debt: 59.4% and cash: 0.3% of total assets), but 59.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
61 d late
2023
29 d late
2022
30 d late
2021
44 d late
2020
129 d late
2019
91 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€467k▼ 43.3%
2024 · €825k
2018: €552k
2019: €626k
2020: €727k
2021: €772k
2022: €1.03M
2023: €802k
2024: €825k
2018 → 2025
Total assets
€1.15M▼ 67.6%
2024 · €3.55M
2018: €2.30M
2019: €3.22M
2020: €3.64M
2021: €4.26M
2022: €4.60M
2023: €3.33M
2024: €3.55M
2018 → 2025
Net result
€-357k
2024 · €23k
2018: €40k
2019: €74k
2020: €101k
2021: €45k
2022: €253k
2023: €159k
2024: €23k
2018 → 2025
Working capital
€402k
2024 · €-477k
2018: €-239k
2019: €-662k
2020: €-690k
2021: €-304k
2022: €-751k
2023: €-436k
2024: €-477k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€772k-€1.03M▲ 32.7%€802k▼ 21.8%€825k▲ 2.8%€467k▼ 43.3%
Operating result€154k-€423k▲ 176%€323k▼ 23.7%€-30k€-327k▼ 992%
Net result€45k-€253k▲ 460%€159k▼ 37.0%€23k▼ 85.7%€-357k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €327k in 2025 against €30k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.15M
Fixed assets
€65k▼ 95.2%
Current assets
€1.08M▼ 50.3%
Equity and liabilities €1.15M
Equity
€467k▼ 43.3%
Debt
€683k▼ 75.0%
The debt ratio falls from 76.8% to 59.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-312k▼
2024 · €79k
Cash flow
€-342k▼
2024 · €132k
Solvency
40.6%▲
2024 · 23.2%
Current ratio
1.59▲
2024 · 0.82
Quick ratio
1.35▲
2024 · 0.68
Debt / equity
1.46▼
2024 · 3.31
ROE
-76.5%▼
2024 · 2.8%
ROA
-31.1%▼
2024 · 0.6%
Interest coverage
-7.25▼
2024 · 0.89
Debt
€683k▼
2024 · €2.73M
Debt ≤ 1 year
€683k▼
2024 · €2.66M
Income taxes
€-13k▼
2024 · €9k
Staff costs
€322k▼
2024 · €629k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€3.55M€1.15M▼
Fixed assets21/28€1.37M€65k▼
Intangible fixed assets21€442-
Tangible fixed assets22/27€434k€65k▼
Plant, machinery and equipment23€400k€30k▼
Furniture and vehicles24€20k€27k▲
Leasing and similar rights25€9k€5k▼
Other tangible fixed assets26€5k€4k▼
Financial fixed assets28€934k-
Current assets29/58€2.18M€1.08M▼
Stocks and contracts in progress3€386k€160k▼
Stocks30/36€386k€160k▼
Amounts receivable within one year40/41€1.68M€915k▼
Trade receivables40€1.28M€626k▼
Other amounts receivable41€397k€289k▼
Cash at bank and in hand54/58€50k€4k▼
Deferred charges and accrued income490/1€72k€6k▼
Equity and liabilities
Total equity and liabilities10/49€3.55M€1.15M▼
Equity10/15€825k€467k▼
Contributions10/11€50k€50k=
Reserves13€180k€180k=
Distributable reserves133€180k€180k=
Profit (loss) carried forward14€595k€237k▼
Amounts payable17/49€2.73M€683k▼
Amounts payable after more than one year17€67k-
Financial debts170/4€67k-
Amounts payable within one year42/48€2.66M€683k▼
Current portion of amounts payable after more than one year42-€424k
Financial debts43€744k-
Credit institutions430/8€744k-
Trade debts44€795k€122k▼
Suppliers440/4€795k€122k▼
Taxes, remuneration and social security45€466k€18k▼
Taxes450/3€35k€13k▼
Remuneration and social security454/9€431k€5k▼
Other amounts payable47/48€656k€119k▼
Income statement
Code20242025
Non-recurring operating income76A-€102k
Remuneration, social security and pensions62€629k€322k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€109k€15k▼
Other operating charges640/8€71k€35k▼
Non-recurring operating charges66A-€88k
Gross operating margin9900€779k€133k▼
Operating profit (loss)9901€-30k€-327k▼
Financial income75/76B€151k€119▼
Recurring financial income75€151k€119▼
Financial charges65/66B€89k€43k▼
Recurring financial charges65€89k€43k▼
Profit (loss) for the period before taxes9903€32k€-370k▼
Income taxes67/77€9k€-13k▼
Profit (loss) for the period9904€23k€-357k▼
Profit (loss) for the period to be appropriated9905€23k€-357k▼
Appropriation of the result
Profit (loss) to be appropriated9906€595k€237k▼
Profit (loss) brought forward from the previous period14P€572k€595k▲
Social balance
Average headcount (FTE)90878.44.6▼
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
31-12
Financial
Weakest financial yearnet €-357k ▼1670%
Net result drops to €-357k, the lowest in the series.
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 61 days late
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 29 days late
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 30 days late
2022
31-12
Financial
Highest result since 2018net €253k ▲460%
Operating result €423k, net result €253k, both a record.
31-12
Financial
Equity above €1MEq €1.03M ▲32.7%
5 profitable years in a row build equity to €1.03M.
13-09
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 44 days late
2021
07-12
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 129 days late
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 91 days late
2019
02-05
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 30 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Londerzeel · 2 establishment units since 2010
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Stuikberg 1001840 LonderzeelGround area
5,465 m²
Building footprint
587 m²
Volume, LiDAR
2,353 m³
2 parcels, Flanders · tallest building 8.1 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
Stuikberg 100, 1840 Londerzeel
since 20102.190.362.344
B-COAT
since 20142.229.512.831
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11622C0556/00W002 | Flanders | 3,065 m² | 1 · 347 m² | 8.1 m · 2 fl. |
| 23045B0425/00L002 | Flanders | 2,400 m² | 1 · 240 m² | 5.3 m |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
DISTRIPAINTS
BE 0475.560.910
Kontich · Eq €474k
SOGESTIS
BE 0451.710.489
Vorst · Eq €456k
Behang en Decor DE LENTE
BE 0417.902.130
Heist-op-den-Berg · Eq €481k
ZICHT-WINDOW FASHION
BE 0839.356.836
Sint-Katelijne-Waver · Eq €447k
COTESE
BE 0808.959.709
Dendermonde · Eq €494k
Of 230 companies in sector 46833 we hold annual accounts for 143. 113 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded28-07-2010
Fiscal year end31-12
Activities, NACEBEL
20300Manufacture of chemicals and chemical products
46833Wholesale trade
63920Other information service activities
63990Computing infrastructure, data processing, hosting and other information service activities
70200Business and other management consultancy
70220Business consulting
73110Advertising agencies
74202Other professional, scientific and technical activities
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.