B-COOL (0540.683.839): financials and annual accounts

Annual accounts 2025

abbreviated format, filed on 16-07-2026, 15 days before the deadline

Gross margin

€1.4m

▲ 52.3%

Operating result

€1.1m

▲ 138%

Profit

€862,752

▲ 160%

Working capital

€2.2m

▲ 52.6%

Solvency

77.4%

▲ 14.3 percentage points

Current ratio

7.25

▲ 2.94

Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.

Turnover ≈ €2.5m. Estimated: probably between €1.7m and €4.1m.

Balance sheet

balance sheet total €3.2m on 31-12-2025

What the company ownsHow it is paid for

Change in equityin €m

Change in cashin €m

Position in the sector

Compare with sector

Solvency77.4%

Higher than 82% of 478 companies in 2025.

Current ratio7.25

Higher than 89% of 476 companies in 2025.

Return on assets26.6%

Higher than 94% of 477 companies in 2025.

B-COOL Middle half of the sector 80% of the sector Abbreviated accounts in machinery and equipment (NACE 28)

Net result: top quarter · Equity: top quarter · Balance sheet total: top quarter · Working capital: top quarter · Staff: middle half

Staff

Staff cost per FTE€63,763

Staff costs divided by the average number of full-time equivalents.

Joined and left+0

Filed annual accounts

as filed with the National Bank, click a year to choose it

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Balance sheet: assets
Total assets`20/58`	3.2m	2.6m	2.1m	1.8m	1.6m	1.5m	1.3m	572,889	499,369	377,023	320,593	238,376
Fixed assets`21/28`	724,966	757,381	801,907	843,748	897,193	892,921	819,281	24,518	26,390	19,357	17,090	15,636
Tangible fixed assets`22/27`	724,966	757,381	801,907	843,748	897,193	892,921	819,281	24,518	26,390	19,357	17,090	15,636
Land and buildings`22`	614,356	653,529	696,341	742,715	787,991	834,317	782,632	9,565	10,996	12,427	1,487	1,680
Plant, machinery and equipment`23`	33,261	34,834	33,808	39,661	39,977	41,178	24,153	10,655	11,715	5,679	9,008	2,222
Furniture and vehicles`24`	74,415	57,584	51,824	32,938	32,290	17,426	12,496	4,298	3,679	1,251	6,595	11,733
Leasing and similar rights`25`	2,934	11,434	19,934	28,434	36,934	-	-	-	-	-	-	-
Current assets`29/58`	2.5m	1.8m	1.3m	979,071	740,591	623,116	492,620	548,371	472,979	357,666	303,503	222,740
Stocks and contracts in progress`3`	212,539	12,800	16,250	15,765	22,395	50,000	50,000	31,846	6,140	3,750	-	-
Stocks`30/36`	212,539	12,800	16,250	15,765	22,395	50,000	50,000	31,846	6,140	3,750	-	-
Amounts receivable within one year`40/41`	343,103	197,379	257,844	212,682	278,354	177,019	110,311	343,405	222,802	175,905	130,146	98,160
Trade receivables`40`	325,525	181,568	237,607	165,910	245,500	152,520	55,826	277,133	145,708	139,305	86,439	63,422
Other amounts receivable`41`	17,579	15,810	20,238	46,772	32,853	24,499	54,484	66,272	77,094	36,600	43,707	34,738
Current investments`50/53`	1.4m	333,434	-	-	-	-	-	-	-	-	-	-
Cash at bank and in hand`54/58`	514,801	1.3m	1.0m	738,555	429,381	388,098	320,450	167,376	229,145	169,225	169,086	118,091
Deferred charges and accrued income`490/1`	32,852	25,396	16,439	12,069	10,461	7,999	11,859	5,745	14,892	8,785	4,271	6,489
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	3.2m	2.6m	2.1m	1.8m	1.6m	1.5m	1.3m	572,889	499,369	377,023	320,593	238,376
Equity`10/15`	2.5m	1.6m	1.3m	1.0m	862,684	716,263	536,393	434,670	310,858	236,348	159,257	87,516
Contributions`10/11`	12,400	12,400	12,400	12,400	12,400	12,400	12,400	12,400	12,400	12,400	12,400	12,400
Issued capital`100`	-	-	-	-	-	-	18,600	18,600	18,600	18,600	18,600	18,600
Uncalled capital`101`	-	-	-	-	-	-	6,200	6,200	6,200	6,200	6,200	6,200
Reserves`13`	1.8m	1.4m	1.1m	795,234	649,374	502,953	323,083	221,360	93,490	20,610	1,860	1,860
Legal reserve`130`	-	-	-	-	-	-	1,860	1,860	1,860	1,860	1,860	1,860
Tax-exempt reserves`132`	395,350	37,500	58,759	131,930	133,519	195,519	148,869	99,500	66,630	18,750	-	-
Distributable reserves`133`	1.4m	1.4m	1.0m	663,304	515,855	307,434	172,354	120,000	25,000	-	-	-
Profit (loss) carried forward`14`	704,222	199,321	199,321	199,321	200,910	200,910	200,910	200,910	204,968	203,338	144,997	73,256
Amounts payable`17/49`	733,068	962,813	826,315	815,864	775,100	799,774	775,508	138,219	188,511	140,675	161,336	150,859
Amounts payable after more than one year`17`	386,373	432,295	477,455	526,369	581,174	608,483	514,165	-	-	-	-	-
Financial debts`170/4`	386,373	432,295	477,455	526,369	581,174	608,483	514,165	-	-	-	-	-
Amounts payable within one year`42/48`	346,695	428,517	254,430	289,495	193,925	191,291	261,343	138,219	188,511	107,018	161,336	150,859
Current portion of amounts payable after more than one year`42`	175,293	195,160	125,164	116,826	116,020	73,233	82,295	50,000	85,000	30,000	50,000	50,000
Trade debts`44`	52,728	84,161	35,341	144,144	42,725	75,727	153,003	55,201	77,119	36,503	47,954	40,978
Suppliers`440/4`	52,728	84,161	35,341	144,144	42,725	75,727	153,003	55,201	77,119	36,503	47,954	40,978
Advances received on contracts in progress`46`	-	-	-	5,690	12,593	770	-	6,660	29	11,541	-	-
Taxes, remuneration and social security`45`	118,274	147,021	92,312	18,712	9,731	24,596	7,663	6,971	9,133	4,291	13,313	10,073
Taxes`450/3`	96,580	121,632	66,763	2,975	-	13,856	-	-	-	-	-	-
Remuneration and social security`454/9`	21,694	25,389	25,549	15,737	9,731	10,741	7,663	6,971	9,133	4,291	13,313	10,073
Other amounts payable`47/48`	400	2,176	1,613	4,124	12,856	16,964	18,381	19,387	17,229	24,683	50,070	49,809
Accrued charges and deferred income`492/3`	-	102,000	94,430	-	-	-	-	-	-	33,658	-	-
Income statement
Gross operating margin`9900`	1.4m	942,924	770,628	492,483	499,700	479,288	389,077	311,243	226,562	248,328	241,676	278,370
Remuneration, social security and pensions`62`	337,945	292,886	269,548	214,688	201,533	167,170	134,168	127,369	118,631	119,342	127,562	156,780
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	91,984	81,552	77,180	73,334	68,648	53,684	107,324	9,328	8,481	11,059	12,224	11,423
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)`631/4`	-99,908	99,733	-13,848	-23,768	28,610	-1,348	17,004	-	-256	16,350	-	-
Other operating charges`640/8`	10,739	8,449	9,616	27,064	3,590	13,196	6,458	3,052	2,523	2,687	2,922	3,509
Operating profit (loss)`9901`	1.1m	460,304	428,132	201,165	197,320	246,586	124,124	171,494	97,183	98,890	98,968	106,658
Financial income`75/76B`	67,373	41,195	30,947	21,054	23,127	17,397	11,133	11,985	8,939	8,784	7,643	8,118
Recurring financial income`75`	67,373	41,195	30,947	21,054	23,127	17,397	11,133	11,985	8,939	8,784	7,643	8,118
Financial charges`65/66B`	12,336	11,506	11,866	12,373	12,480	14,125	6,529	1,737	646	2,195	865	95
Recurring financial charges`65`	12,336	11,506	11,866	12,373	12,480	14,125	6,529	1,737	646	2,195	865	95
Profit (loss) for the period before taxes`9903`	1.2m	489,993	447,212	209,846	207,967	249,858	128,728	181,743	105,476	105,479	105,745	114,681
Income taxes`67/77`	287,692	157,718	143,013	65,575	61,547	69,988	27,005	57,930	30,966	28,388	34,005	39,564
Profit (loss) for the period`9904`	862,752	332,275	304,199	144,271	146,420	179,870	101,723	123,812	74,510	77,091	71,740	75,116
Transfer from tax-exempt reserves`789`	-	21,259	73,171	1,589	62,000	29,130	-	-	-	-	-	-
Transfer to tax-exempt reserves`689`	357,850	-	-	-	-	75,780	49,369	32,870	47,880	18,750	-	-
Profit (loss) for the period to be appropriated`9905`	504,902	353,534	377,370	145,860	208,420	133,220	52,354	90,942	26,630	58,341	71,740	75,116
Appropriation of the result
Profit (loss) to be appropriated`9906`	704,222	552,855	576,691	346,770	409,330	334,130	253,264	295,910	229,968	203,338	144,997	75,116
Profit (loss) brought forward from the previous period`14P`	199,321	199,321	199,321	200,910	200,910	-	-	-	-	-	-	-
Transfer to equity`691/2`	-	353,534	377,370	147,449	208,420	133,220	52,354	95,000	25,000	-	-	1,860
To the legal reserve`6920`	-	-	-	-	-	-	-	-	-	-	-	1,860
To other reserves`6921`	-	353,534	377,370	147,449	208,420	133,220	52,354	95,000	25,000	-	-	-
Social balance sheet
Average staff (FTE)`9087`	5.3	4.8	4.8	4.3	4.3	3.3	2.5	2.5	2.5	2.5	2.7	2.9
Hours worked`1013`	9,093	8,661	8,045	7,662	7,309	5,844	4,406	4,042	5,325	4,398	4,688	4,852
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The notes to these accounts have 7 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 16-07-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank

Financial year	Type	Filed	Reference	Document
31-12-2025	abbreviated format	16-07-2026	2026-00298660	PDF
31-12-2024	abbreviated format	17-09-2025	2025-00494240	PDF
31-12-2023	abbreviated format	23-09-2024	2024-00467873	PDF
31-12-2022	abbreviated format	11-09-2023	2023-00443260	PDF
31-12-2021	abbreviated format	23-09-2022	2022-20434224	PDF
31-12-2020	abbreviated format	25-10-2021	2021-72700054	PDF
31-12-2019	abbreviated format	02-11-2020	2020-66300263	PDF
31-12-2018	abbreviated format	02-10-2019	2019-67600470	PDF
31-12-2017	micro format	27-09-2018	2018-65400049	PDF
31-12-2016	micro format	22-09-2017	2017-61700402	PDF
31-12-2015	abbreviated format	05-09-2016	2016-59000034	PDF
31-12-2014	abbreviated format	25-09-2015	2015-60300479	PDF

Subsidies and aid

Flemish government 2025, 1 entry, €2,730 awarded, €2,730 paid

Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)

€2,730

Key figures and ratios

per financial year, computed from the annual accounts

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
EBITDA	1.2m	541,856	505,312	274,499	265,968	300,271	231,447	180,823	105,664	109,949	111,192	118,081
Cash flow	954,735	413,827	381,379	217,605	215,068	233,555	209,047	133,141	82,991	88,150	83,965	86,539
Investment in fixed assets	59,569	37,026	35,339	19,889	72,919	127,324	902,087	7,456	15,513	13,326	13,679	27,058
Change in cash	-765,051	234,824	306,474	309,173	41,283	67,648	153,075	-61,770	59,920	139	50,995	-
Working capital	2.2m	1.4m	1.1m	689,576	546,666	431,826	231,277	410,152	284,468	250,648	142,167	71,881
Solvency	77.4%	63.1%	61.3%	55.2%	52.7%	47.2%	40.9%	75.9%	62.3%	62.7%	49.7%	36.7%
Current ratio	7.25	4.31	5.25	3.38	3.82	3.26	1.88	3.97	2.51	3.34	1.88	1.48
Quick ratio	6.64	4.28	5.19	3.33	3.70	3.00	1.69	3.74	2.48	3.31	1.88	1.48
Debt to equity	0.29	0.59	0.63	0.81	0.90	1.12	1.45	0.32	0.61	0.60	1.01	1.72
ROE	34.4%	20.2%	23.2%	14.3%	17.0%	25.1%	19.0%	28.5%	24.0%	32.6%	45.0%	85.8%
ROA	26.6%	12.7%	14.2%	7.9%	8.9%	11.9%	7.8%	21.6%	14.9%	20.4%	22.4%	31.5%
Interest coverage	96.25	47.09	42.58	22.19	21.31	-	-	-	-	-	-	-

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Social balance sheet

Item	31-12-2025	31-12-2024	31-12-2023	31-12-2022	31-12-2021
Employees at the balance-sheet date	5	5	5	5	5
full-time	4	4	4	4	4
part-time	1	1	1	1	1
in full-time equivalents	4.3	4.3	4.3	4.3	4.3
Average over the year, in full-time equivalents	5.3	4.8	4.8	4.3	4.3
On a permanent contract	5	5	5	5	5
Joined	2	3	-	1	2
Left	2	3	-	1	1

Source: social balance sheet in the 2021 to 2025 annual accounts

Investments

fixed assets acquired

Item	2025	2024	2023	2022	2021
Tangible fixed assets	€59,569	€37,026	€35,339	€19,889	€72,919
Depreciation and write-downs of the year	€91,984	€81,552	€77,180	€73,334	€68,648

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Insights on B-COOL

The operating result for 2025 is 138% higher than in 2024 and the highest since 2014. It is the fourth rise in a row, after the fall in 2021.

Debt's share of the balance-sheet total falls from 36.9% to 22.6%. Equity is higher and debt is lower.