CO-EDIL
ActiveSummary
CO-EDIL has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €74,734 and a net result of -€626. Equity remains stable across the filed fiscal years (±1.3% per year). Its solvency ranks better than 91% of 2438 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability36▲+4
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,500 at 30 days acceptable
Liquidity ample (current ratio 8.6 against 8.39 in 2023; short-term debt: 11.6% and cash: 0.7% of total assets), and 11.6% of the assets are financed with debt.
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Signals
Five 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 25
Relative position
BE, all sectors
reference
Manufacture of fabricated metal products, except machinery and equipment (NACE 25)
about 50% more 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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
88.4%
Return on assets
-0.7%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-09-2025, 60 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
not confirmed
2024
60 d late
2023
210 d late
2022
18 d early
2021
18 d early
2020
23 d early
2019
108 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 53 days after 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 (1)
History
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Financials · fiscal year 2024, micro schema
In the rankings
#9 oldest company in Morlanwelz, Manufacturing sector
Turnover
€13,103
EBIT margin
73.9%
Net result
-€626▲ 68.6%
2023 · -€1,994
Working capital
€74,734▼ 0.8%
2023 · €75,360
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 25, Manufacture of fabricated metal products, except machinery and equipment, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€13,103
Operating result€9,683-€2,503€1,323-€1,953-€561▲ 71.3%
Net result€9,641within the sector's middle half▲ 973%-€2,546below the sector's middle half€900within the sector's middle half-€1,994below the sector's middle half-€626below the sector's middle half▲ 68.6%
EBIT margin73.9%
Equity€79,000within the sector's middle half▲ 13.9%€76,454within the sector's middle half▼ 3.2%€77,354within the sector's middle half▲ 1.2%€75,360within the sector's middle half▼ 2.6%€74,734within the sector's middle half▼ 0.8%
Total assets€79,014below the sector's middle half▼ 4.2%€80,059below the sector's middle half▲ 1.3%€85,216below the sector's middle half▲ 6.4%€85,558within the sector's middle half▲ 0.4%€84,573within the sector's middle half▼ 1.2%
Debt€14▼ 99.9%€3,605▲ 25,613%€7,862▲ 118%€10,198▲ 29.7%€9,839▼ 3.5%
Working capital€79,000within the sector's middle half▼ 4.2%€76,454within the sector's middle half▼ 3.2%€77,354within the sector's middle half▲ 1.2%€75,360within the sector's middle half▼ 2.6%€74,734within the sector's middle half▼ 0.8%
Solvency100.0%above the sector's middle half▲ 15.9pp95.5%above the sector's middle half▼ 4.5pp90.8%above the sector's middle half▼ 4.7pp88.1%above the sector's middle half▼ 2.7pp88.4%above the sector's middle half▲ 0.3pp
Current ratio22.21above the sector's middle half10.84above the sector's middle half▼ 11.378.39above the sector's middle half▼ 2.458.60above the sector's middle half▲ 0.21
Return on assets (ROA)12.2%within the sector's middle half▲ 11.1pp-3.2%below the sector's middle half▼ 15.4pp1.1%within the sector's middle half▲ 4.2pp-2.3%below the sector's middle half▼ 3.4pp-0.7%below the sector's middle half▲ 1.6pp
above
within
below
the middle half (P25 to P75) of NACE 25, Manufacture of fabricated metal products, except machinery and equipment, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €561 in 2024 against €1,953 in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €84,573
Equity
€74,734 ▼ 0.8%
Debt
€9,839 ▼ 3.5%
Debt's share of the balance-sheet total falls from 11.9% to 11.6%. Equity and debt are lower.
Key figures and ratios
Debt to equity
0.13▼
2023 · 0.14
ROE
-0.8%▲
2023 · -2.6%
Debt ≤ 1 year
€9,839▼
2023 · €10,198
Staff costs
€0
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 12,321 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 90% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a small loss
0.7%
went bankrupt
8.6%
stopped otherwise
90%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 0.9% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 12,321 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €13,103 | - | - | - | - | - |
| Non-recurring operating income76A | - | €400 | €2,500 | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €2,790 | €446 | €1,569 | €561 | ▼ 64.2% |
| Remuneration, social security and pensions62 | - | - | - | - | €0 | - |
| Other operating charges640/8 | - | €113 | €731 | €384 | - | - |
| Gross operating margin9900 | €10,264 | -€2,390 | €2,054 | -€1,569 | -€561 | ▲ 64.2% |
| Operating profit (loss)9901 | €9,683 | -€2,503 | €1,323 | -€1,953 | -€561 | ▲ 71.3% |
| Financial income75/76B | - | - | - | - | €0 | - |
| Recurring financial income75 | - | - | - | - | €0 | - |
| Financial charges65/66B | - | €43 | €423 | €41 | €65 | ▲ 58.5% |
| Recurring financial charges65 | €42 | €43 | €50 | €41 | €65 | ▲ 58.5% |
| Non-recurring financial charges66B | - | - | €373 | - | - | - |
| Profit (loss) for the period before taxes9903 | €9,641 | -€2,546 | €900 | -€1,994 | -€626 | ▲ 68.6% |
| Profit (loss) for the period9904 | €9,641 | -€2,546 | €900 | -€1,994 | -€626 | ▲ 68.6% |
| Profit (loss) for the period to be appropriated9905 | €9,641 | -€2,546 | €900 | -€1,994 | -€626 | ▲ 68.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €79,014 | €80,059 | €85,216 | €85,558 | €84,573 | ▼ 1.2% |
| Intangible fixed assets21 | - | €0 | - | - | - | - |
| Current assets29/58 | €79,014 | €80,059 | €85,216 | €85,558 | €84,573 | ▼ 1.2% |
| Amounts receivable within one year40/41 | €75,888 | €76,118 | €75,511 | €75,782 | €75,862 | ▲ 0.1% |
| Trade receivables40 | - | €75,288 | €75,288 | €75,288 | €75,288 | = |
| Other amounts receivable41 | - | €830 | €223 | €494 | €574 | ▲ 16.2% |
| Cash at bank and in hand54/58 | €3,125 | €3,641 | €1,608 | €1,679 | €614 | ▼ 63.4% |
| Deferred charges and accrued income490/1 | - | €300 | €8,097 | €8,097 | €8,097 | = |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €79,014 | €80,059 | €85,216 | €85,558 | €84,573 | ▼ 1.2% |
| Equity10/15 | €79,000 | €76,454 | €77,354 | €75,360 | €74,734 | ▼ 0.8% |
| Contributions10/11 | €46,000 | €46,000 | €46,000 | €46,000 | €46,000 | = |
| Capital10 | - | €46,000 | €46,000 | €46,000 | €46,000 | = |
| Issued capital100 | - | €46,000 | €46,000 | €46,000 | €46,000 | = |
| Reserves13 | €4,600 | €4,600 | €4,600 | €4,600 | €4,600 | = |
| Non-distributable reserves130/1 | - | €4,600 | €4,600 | €4,600 | €4,600 | = |
| Legal reserve130 | - | €4,600 | €4,600 | €4,600 | €4,600 | = |
| Profit (loss) carried forward14 | €28,400 | €25,854 | €26,754 | €24,760 | €24,134 | ▼ 2.5% |
| Amounts payable17/49 | €14 | €3,605 | €7,862 | €10,198 | €9,839 | ▼ 3.5% |
| Amounts payable within one year42/48 | €14 | €3,605 | €7,862 | €10,198 | €9,839 | ▼ 3.5% |
| Trade debts44 | €14 | €22 | €240 | €576 | €217 | ▼ 62.3% |
| Suppliers440/4 | - | €22 | €240 | €576 | €217 | ▼ 62.3% |
| Taxes, remuneration and social security45 | - | €83 | - | - | - | - |
| Taxes450/3 | - | €83 | - | - | - | - |
| Other amounts payable47/48 | - | €3,500 | €7,622 | €9,622 | €9,622 | = |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €9,641 | -€2,546 | €900 | -€1,994 | -€626 | ▲ 68.6% |
| Operating cash flow (approximation) | €9,641 | -€2,546 | €900 | -€1,994 | -€626 | ▲ 68.6% |
| Change in cash | - | €516 | -€2,033 | €71 | -€1,065 | ▼ 1,600% |
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
2025
29-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 60 days late
26-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 210 days late
2023
13-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €900
Net result €900 after one loss-making year.
13-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
08-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €9,641 ▲973%
Operating result €9,683, net result €9,641, both a record.
16-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 108 days late
18-02
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 202 days late
2019
31-12
Financial
Back to profitnet €899
Net result €899 after one loss-making year.
31-12
Financial
Liquidity times 1870current ratio 6140.94
Current ratio from 3.28 to 6140.94; short-term debt falls from €35,717 to €13.
2018
09-11
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 101 days late
04-02
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 553 days late
13-01
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 166 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Morlanwelz · 1 establishment unit since 2005
Ground area
740 m²
Building footprint
197 m²
Volume, LiDAR
1,088 m³
Parcel 56057A0267/00D007, Wallonia · tallest building 7.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
CO-EDIL
since 20052.146.876.650
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 56057A0267/00D007 | Wallonia | 740 m² | 1 · 197 m² | 7.5 m · 2 fl. |
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.
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Of 559 companies in sector 25999 we hold annual accounts for 354. 203 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
Founded22-04-2005
Fiscal year end31-12
Activities, NACEBEL 2025
25999Manufacture of fabricated metal products, except machinery and equipment
41001General construction of residential buildings
41003General construction of other non-residential buildings
43410Roofing work
43990Other specialised construction activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0873392057
Also
9925:BE0873392057
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.