CO.2
ActiveSummary
CO.2 has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €138k and a net result of €-45k. Equity is growing by ~7.5% per year across the filed fiscal years. Its solvency ranks better than 70% of 31791 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-74
Solvency100▲+13
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days acceptable
Liquidity ample (current ratio 2.36 against 2.57 in 2024; short-term debt: 25.4% and cash: 8.4% of total assets), and 25.4% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← 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 · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 09-07-2026, 22 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
22 d early
2024
24 d early
2023
19 d early
2022
17 d early
2021
23 d early
2020
22 d early
2019
18 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€138k▼ 24.8%
2024 · €184k
2018: €85klowest in 8 years
2019: €117k▲ +38.5% vs 2018
2020: €158k▲ +34.9% vs 2019
2021: €216k▲ +36.2% vs 2020
2022: €218k▲ +1.2% vs 2021highest in 8 years
2023: €198k▼ -9.2% vs 2022
2024: €184k▼ -7.3% vs 2023
2025: €138k▼ -24.8% vs 2024
2018 → 2025
Total assets
€185k▼ 37.7%
2024 · €297k
2018: €193k
2019: €204k▲ +5.9% vs 2018
2020: €251k▲ +23.2% vs 2019
2021: €379k▲ +50.5% vs 2020highest in 8 years
2022: €354k▼ -6.6% vs 2021
2023: €321k▼ -9.3% vs 2022
2024: €297k▼ -7.3% vs 2023
2025: €185k▼ -37.7% vs 2024lowest in 8 years
2018 → 2025
Net result
€-45k
2024 · €13k
2018: €28k
2019: €33k▲ +18.3% vs 2018
2020: €41k▲ +25.4% vs 2019
2021: €57k▲ +40.1% vs 2020highest in 8 years
2022: €20k▼ -65.9% vs 2021
2023: €11k▼ -43.2% vs 2022
2024: €13k▲ +18.4% vs 2023
2025: €-45k▼ -446% vs 2024lowest in 8 years
2018 → 2025
Working capital
€64k▼ 44.5%
2024 · €115k
2018: €93k
2019: €119k▲ +28.8% vs 2018
2020: €164k▲ +37.1% vs 2019
2021: €206k▲ +25.8% vs 2020highest in 8 years
2022: €197k▼ -4.1% vs 2021
2023: €153k▼ -22.4% vs 2022
2024: €115k▼ -24.8% vs 2023
2025: €64k▼ -44.5% vs 2024lowest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€216k-€218k▲ 1.2%€198k▼ 9.2%€184k▼ 7.3%€138k▼ 24.8%
2021: €216k
2022: €218k▲ +1.2% vs 2021highest in 5 years
2023: €198k▼ -9.2% vs 2022
2024: €184k▼ -7.3% vs 2023
2025: €138k▼ -24.8% vs 2024lowest in 5 years
Operating result€87k-€33k▼ 62.5%€13k▼ 60.8%€18k▲ 44.2%€-43k
2021: €87khighest in 5 years
2022: €33k▼ -62.5% vs 2021
2023: €13k▼ -60.8% vs 2022
2024: €18k▲ +44.2% vs 2023
2025: €-43k▼ -332% vs 2024lowest in 5 years
Net result€57k-€20k▼ 65.9%€11k▼ 43.2%€13k▲ 18.4%€-45k
2021: €57khighest in 5 years
2022: €20k▼ -65.9% vs 2021
2023: €11k▼ -43.2% vs 2022
2024: €13k▲ +18.4% vs 2023
2025: €-45k▼ -446% vs 2024lowest in 5 years
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €43k after €18k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €185k
Fixed assets
€74k ▼ 31.9%
Current assets
€111k ▼ 41.1%
Equity and liabilities €185k
Equity
€138k ▼ 24.8%
Debt
€47k ▼ 58.7%
Debt's share of the balance-sheet total falls from 38.2% to 25.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-16k▼
2024 · €46k
Cash flow
€-18k▼
2024 · €40k
Current ratio
2.36▼
2024 · 2.57
Debt to equity
0.34▼
2024 · 0.62
ROE
-32.9%▼
2024 · 7.2%
ROA
-24.6%▼
2024 · 4.4%
Interest coverage
-4.27▼
2024 · 18.72
Debt ≤ 1 year
€47k▼
2024 · €73k
Debt > 1 year
€0▼
2024 · €41k
Income taxes
€212▼
2024 · €6k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 53 lines
Balance sheet
Code20242025
Assets
Total assets20/58€297k€185k▼
Fixed assets21/28€109k€74k▼
Tangible fixed assets22/27€109k€74k▼
Land and buildings22€37k€0▼
Plant, machinery and equipment23€13k€21k▲
Furniture and vehicles24€60k€53k▼
Financial fixed assets28€21€21=
Current assets29/58€188k€111k▼
Amounts receivable after more than one year29€0-
Other amounts receivable291€0-
Amounts receivable within one year40/41€113k€43k▼
Trade receivables40€75k€31k▼
Other amounts receivable41€38k€12k▼
Current investments50/53€46k€46k▲
Cash at bank and in hand54/58€24k€15k▼
Deferred charges and accrued income490/1€5k€6k▲
Equity and liabilities
Total equity and liabilities10/49€297k€185k▼
Equity10/15€184k€138k▼
Contributions10/11€13k€13k=
Reserves13€171k€170k▼
Distributable reserves133€171k€170k▼
Profit (loss) carried forward14€0€-45k▼
Amounts payable17/49€114k€47k▼
Amounts payable after more than one year17€41k€0▼
Financial debts170/4€41k€0▼
Amounts payable within one year42/48€73k€47k▼
Current portion of amounts payable after more than one year42€18k€9k▼
Trade debts44€18k€4k▼
Suppliers440/4€18k€4k▼
Taxes, remuneration and social security45€6k€109▼
Taxes450/3€6k€109▼
Other amounts payable47/48€32k€34k▲
Income statement
Code20242025
Non-recurring operating income76A€427€10k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€27k€27k▼
Other operating charges640/8€3k€1k▼
Non-recurring operating charges66A€0€739▲
Gross operating margin9900€48k€-14k▼
Operating profit (loss)9901€18k€-43k▼
Financial income75/76B€3k€1k▼
Recurring financial income75€3k€1k▼
Financial charges65/66B€2k€4k▲
Recurring financial charges65€2k€4k▲
Profit (loss) for the period before taxes9903€19k€-45k▼
Income taxes67/77€6k€212▼
Profit (loss) for the period9904€13k€-45k▼
Profit (loss) for the period to be appropriated9905€13k€-45k▼
Appropriation of the result
Profit (loss) to be appropriated9906€13k€-45k▼
Profit (loss) brought forward from the previous period14P€0-
Transfer from equity791/2€28k€635▼
Transfer to equity691/2€13k€0▼
To other reserves6921€13k€0▼
Profit to be distributed694/7€28k€0▼
Return on contributions (dividend)694€28k€0▼
The notes to these accounts (15 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €2k | €0 | - | €427 | €10k | ▲ 2,275% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12k | €21k | €14k | €27k | €27k | ▼ 0.2% |
| Other operating charges640/8 | €1k | €993 | €1k | €3k | €1k | ▼ 55.5% |
| Non-recurring operating charges66A | - | - | €15k | €0 | €739 | - |
| Gross operating margin9900 | €100k | €54k | €43k | €48k | €-14k | ▼ 129% |
| Operating profit (loss)9901 | €87k | €33k | €13k | €18k | €-43k | ▼ 332% |
| Financial income75/76B | €2k | €3k | €4k | €3k | €1k | ▼ 58.4% |
| Recurring financial income75 | €2k | €3k | €4k | €3k | €1k | ▼ 58.4% |
| Financial charges65/66B | €3k | €6k | €709 | €2k | €4k | ▲ 51.5% |
| Recurring financial charges65 | €3k | €6k | €709 | €2k | €4k | ▲ 51.5% |
| Profit (loss) for the period before taxes9903 | €86k | €30k | €16k | €19k | €-45k | ▼ 340% |
| Income taxes67/77 | €28k | €11k | €5k | €6k | €212 | ▼ 96.3% |
| Profit (loss) for the period9904 | €57k | €20k | €11k | €13k | €-45k | ▼ 446% |
| Profit (loss) for the period to be appropriated9905 | €57k | €20k | €11k | €13k | €-45k | ▼ 446% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €379k | €354k | €321k | €297k | €185k | ▼ 37.7% |
| Fixed assets21/28 | €102k | €96k | €103k | €109k | €74k | ▼ 31.9% |
| Tangible fixed assets22/27 | €102k | €96k | €103k | €109k | €74k | ▼ 32.0% |
| Land and buildings22 | €41k | €35k | €30k | €37k | €0 | ▼ 100% |
| Plant, machinery and equipment23 | - | - | - | €13k | €21k | ▲ 71.6% |
| Furniture and vehicles24 | €62k | €61k | €73k | €60k | €53k | ▼ 11.7% |
| Financial fixed assets28 | - | €21 | €21 | €21 | €21 | = |
| Current assets29/58 | €276k | €257k | €218k | €188k | €111k | ▼ 41.1% |
| Amounts receivable after more than one year29 | €50k | €45k | €45k | €0 | - | - |
| Other amounts receivable291 | €50k | €45k | €45k | €0 | - | - |
| Amounts receivable within one year40/41 | €84k | €102k | €85k | €113k | €43k | ▼ 61.8% |
| Trade receivables40 | €74k | €80k | €70k | €75k | €31k | ▼ 58.8% |
| Other amounts receivable41 | €10k | €23k | €15k | €38k | €12k | ▼ 67.7% |
| Current investments50/53 | €14k | €24k | €43k | €46k | €46k | ▲ 0.7% |
| Cash at bank and in hand54/58 | €124k | €81k | €40k | €24k | €15k | ▼ 36.8% |
| Deferred charges and accrued income490/1 | €4k | €5k | €5k | €5k | €6k | ▲ 24.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €379k | €354k | €321k | €297k | €185k | ▼ 37.7% |
| Equity10/15 | €216k | €218k | €198k | €184k | €138k | ▼ 24.8% |
| Contributions10/11 | €13k | €13k | €13k | €13k | €13k | = |
| Reserves13 | €202k | €201k | €185k | €171k | €170k | ▼ 0.4% |
| Non-distributable reserves130/1 | €4k | €4k | €0 | - | - | - |
| Reserves not available under the articles1311 | €4k | €4k | €0 | - | - | - |
| Distributable reserves133 | €198k | €198k | €185k | €171k | €170k | ▼ 0.4% |
| Profit (loss) carried forward14 | €1k | €4k | €0 | €0 | €-45k | - |
| Amounts payable17/49 | €163k | €136k | €123k | €114k | €47k | ▼ 58.7% |
| Amounts payable after more than one year17 | €92k | €75k | €58k | €41k | €0 | ▼ 100% |
| Financial debts170/4 | €92k | €75k | €58k | €41k | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €71k | €60k | €65k | €73k | €47k | ▼ 35.7% |
| Current portion of amounts payable after more than one year42 | €29k | €27k | €17k | €18k | €9k | ▼ 50.1% |
| Trade debts44 | €4k | €6k | €7k | €18k | €4k | ▼ 77.3% |
| Suppliers440/4 | €4k | €6k | €7k | €18k | €4k | ▼ 77.3% |
| Taxes, remuneration and social security45 | €35k | €6k | €5k | €6k | €109 | ▼ 98.2% |
| Taxes450/3 | €35k | €6k | €5k | €6k | €109 | ▼ 98.2% |
| Other amounts payable47/48 | €4k | €21k | €35k | €32k | €34k | ▲ 7.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €57k | €20k | €11k | €13k | €-45k | ▼ 446% |
| + Depreciation and write-downs630 | €12k | €21k | €14k | €27k | €27k | ▼ 0.2% |
| Operating cash flow (approximation) | €69k | €40k | €25k | €40k | €-18k | ▼ 146% |
| Investment in fixed assets (approximation) | - | €-15k | €-21k | €-33k | €8k | ▲ 124% |
| Change in cash | - | €-43k | €-41k | €-16k | €-9k | ▲ 43.3% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
09-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €-45k
Net result drops to €-45k, the lowest in the series.
07-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
12-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
14-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
08-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €57k ▲40.1%
Operating result €87k, net result €57k, both a record.
31-12
Financial
Equity above €200kEq €216k ▲36.2%
4 profitable years in a row build equity to €216k.
09-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €150kEq €158k ▲34.9%
3 profitable years in a row build equity to €158k.
13-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Equity above €100kEq €117k ▲38.5%
2 profitable years in a row build equity to €117k.
Show earlier events
12-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
13-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
12-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
6 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, Gent · 1 establishment unit since 2006
Ground area
779 m²
Parcel 44809I0372/00D002, Flanders. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
CO.2 C.V.O.A
since 20062.156.883.783
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44809I0372/00D002 | Flanders | 779 m² | - | - |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 1,258 EUR awarded · 1,258 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,258 EUR | 1,258 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 82,553 companies in sector 70200 we hold annual accounts for 52,585. 40,878 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded01-08-2006
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
74140Other specialised design activities
74201Photography, excluding press photography
Scores and ratios are computed by Checked and are not a credit decision.