Co-Laden
ActiveSummary
The annual accounts of Co-Laden for fiscal year 2025 show a net loss of 80% of the equity at the start of that year. The 2025 annual accounts show equity of €8,666 and a net result of -€35,685. Equity is shrinking by ~47.1% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 19% of 94 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability1▲+1
Solvency29▼-12
Growth32=
Track record94
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.02 against 0.03 in 2024; short-term debt: 96.5% and cash: 0.5% of total assets), and 96.5% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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 2025Solvency, return and age of the figures
Solvency
3.5%
Return on assets
-14.4%
Age of the figures
12 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 29
Relative position
BE, all sectors
reference
Manufacture of motor vehicles, trailers and semi-trailers (NACE 29)
about 8% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
22232425
2022 to 2025 · latest year -€35,685
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 94 sector peers (2025).
NBB · sector comparisonPosition among 94 sector peers
Solvency
better than 19%
← 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 15-04-2026, 15 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
15 d early
2024
30 d early
2023
53 d early
2022
30 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 32 days before the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 36% 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 31 March (4 of the last 4 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today30-09-2026 close30-04-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Public money How does this company compare with its sector?Sector benchmark
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€8,666▼ 80.5%
2024 · €44,351
Total assets
€247,260▼ 8.5%
2024 · €270,314
Net result
-€35,685▲ 16.4%
2024 · -€42,663
Working capital
-€233,581▼ 6.3%
2024 · -€219,675
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 29, Manufacture of motor vehicles, trailers and semi-trailers, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2022202320242025
Operating result-€7,815-€1,134-€41,938-€34,521▲ 17.7%
Net result€36,461above the sector's middle half-€552within the sector's middle half▼ 98.5%-€42,663below the sector's middle half-€35,685below the sector's middle half▲ 16.4%
Equity€86,461within the sector's middle half-€87,014within the sector's middle half▲ 0.6%€44,351within the sector's middle half▼ 49.0%€8,666below the sector's middle half▼ 80.5%
Total assets€182,277within the sector's middle half-€325,615within the sector's middle half▲ 78.6%€270,314within the sector's middle half▼ 17.0%€247,260within the sector's middle half▼ 8.5%
Debt€95,816-€238,602▲ 149%€225,963▼ 5.3%€238,594▲ 5.6%
Working capital-€46,698below the sector's middle half--€172,694below the sector's middle half▼ 270%-€219,675below the sector's middle half▼ 27.2%-€233,581below the sector's middle half▼ 6.3%
Solvency47.4%within the sector's middle half-26.7%within the sector's middle half▼ 20.7pp16.4%within the sector's middle half▼ 10.3pp3.5%below the sector's middle half▼ 12.9pp
Current ratio0.48below the sector's middle half-0.28below the sector's middle half▼ 0.200.03below the sector's middle half▼ 0.250.02below the sector's middle half▼ 0.01
Return on assets (ROA)20.0%above the sector's middle half-0.2%within the sector's middle half▼ 19.8pp-15.8%below the sector's middle half▼ 16.0pp-14.4%below the sector's middle half▲ 1.4pp
above
within
below
the middle half (P25 to P75) of NACE 29, Manufacture of motor vehicles, trailers and semi-trailers, 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 €34,521 in 2025 against €41,938 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €247,260
Fixed assets
€242,247 ▼ 8.2%
Current assets
€5,013 ▼ 20.3%
Equity and liabilities €247,260
Equity
€8,666 ▼ 80.5%
Debt
€238,594 ▲ 5.6%
Debt's share of the balance-sheet total rises from 83.6% to 96.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€3,227▲
2024 · -€13,796
Cash flow
-€4,391▲
2024 · -€14,520
Debt to equity
27.53▲
2024 · 5.09
ROE
-411.8%▼
2024 · -96.2%
Interest coverage
-2.77▲
2024 · -18.52
Debt ≤ 1 year
€238,594▲
2024 · €225,963
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 759 companies that looked in July 2024 the way this one looks now, 7.5% went bankrupt within 24 months and 86% are still going.
- Micro
- 2 to 5 years old
- solvency under 10%
- a loss of 10% of the balance sheet or more
7.5%
went bankrupt
4.5%
stopped otherwise
86%
still going
A further 1.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 1.4% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 759 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 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,557 | €18,621 | €28,142 | €31,295 | ▲ 11.2% |
| Other operating charges640/8 | €220 | €617 | €62 | €62 | = |
| Gross operating margin9900 | -€3,038 | €20,372 | -€13,734 | -€3,165 | ▲ 77.0% |
| Operating profit (loss)9901 | -€7,815 | €1,134 | -€41,938 | -€34,521 | ▲ 17.7% |
| Financial income75/76B | €50,000 | €19 | €21 | €2 | ▼ 90.1% |
| Recurring financial income75 | €50,000 | €19 | €21 | €2 | ▼ 90.1% |
| Financial charges65/66B | €0 | €545 | €745 | €1,166 | ▲ 56.5% |
| Recurring financial charges65 | €0 | €545 | €745 | €1,166 | ▲ 56.5% |
| Profit (loss) for the period before taxes9903 | €42,185 | €608 | -€42,663 | -€35,685 | ▲ 16.4% |
| Income taxes67/77 | €5,724 | €55 | - | - | - |
| Profit (loss) for the period9904 | €36,461 | €552 | -€42,663 | -€35,685 | ▲ 16.4% |
| Profit (loss) for the period to be appropriated9905 | €36,461 | €552 | -€42,663 | -€35,685 | ▲ 16.4% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €182,277 | €325,615 | €270,314 | €247,260 | ▼ 8.5% |
| Fixed assets21/28 | €139,160 | €259,707 | €264,026 | €242,247 | ▼ 8.2% |
| Intangible fixed assets21 | €138,410 | €236,604 | €242,178 | €222,555 | ▼ 8.1% |
| Tangible fixed assets22/27 | - | €21,553 | €19,397 | €17,242 | ▼ 11.1% |
| Plant, machinery and equipment23 | - | €21,553 | €19,397 | €17,242 | ▼ 11.1% |
| Financial fixed assets28 | €750 | €1,550 | €2,450 | €2,450 | = |
| Current assets29/58 | €43,118 | €65,908 | €6,288 | €5,013 | ▼ 20.3% |
| Amounts receivable within one year40/41 | €21,469 | €3,880 | €609 | €1,289 | ▲ 112% |
| Trade receivables40 | - | - | €478 | €111 | ▼ 76.8% |
| Other amounts receivable41 | €21,469 | €3,880 | €131 | €1,178 | ▲ 798% |
| Cash at bank and in hand54/58 | €19,645 | €59,977 | €4,248 | €1,136 | ▼ 73.3% |
| Deferred charges and accrued income490/1 | €2,004 | €2,051 | €1,431 | €2,589 | ▲ 80.9% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €182,277 | €325,615 | €270,314 | €247,260 | ▼ 8.5% |
| Equity10/15 | €86,461 | €87,014 | €44,351 | €8,666 | ▼ 80.5% |
| Contributions10/11 | €50,000 | €50,000 | €50,000 | €50,000 | = |
| Reserves13 | €36,461 | €37,014 | €37,014 | €37,014 | = |
| Distributable reserves133 | €36,461 | €37,014 | €37,014 | €37,014 | = |
| Profit (loss) carried forward14 | - | - | -€42,663 | -€78,348 | ▼ 83.6% |
| Amounts payable17/49 | €95,816 | €238,602 | €225,963 | €238,594 | ▲ 5.6% |
| Amounts payable within one year42/48 | €89,816 | €238,602 | €225,963 | €238,594 | ▲ 5.6% |
| Trade debts44 | €66,666 | €21,261 | €3,078 | €4,701 | ▲ 52.8% |
| Suppliers440/4 | €66,666 | €21,261 | €3,078 | €4,701 | ▲ 52.8% |
| Taxes, remuneration and social security45 | €5,724 | €55 | €206 | €403 | ▲ 95.5% |
| Taxes450/3 | €5,724 | €55 | €206 | €403 | ▲ 95.5% |
| Other amounts payable47/48 | €17,426 | €217,285 | €222,679 | €233,490 | ▲ 4.9% |
| Accrued charges and deferred income492/3 | €6,000 | - | - | - | - |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €36,461 | €552 | -€42,663 | -€35,685 | ▲ 16.4% |
| + Depreciation and write-downs630 | €4,557 | €18,621 | €28,142 | €31,295 | ▲ 11.2% |
| Operating cash flow (approximation) | €41,018 | €19,173 | -€14,520 | -€4,391 | ▲ 69.8% |
| Investment in fixed assets (approximation) | - | -€139,169 | -€32,461 | -€9,516 | ▲ 70.7% |
| Change in cash | - | €40,332 | -€55,728 | -€3,113 | ▲ 94.4% |
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
15-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Weakest financial yearnet -€42,663
Net result drops to -€42,663, the lowest in the series; recovery starts the following year.
08-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
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, Hasselt · 1 establishment unit since 2021
Ground area
5,413 m²
Building footprint
1,479 m²
Volume, LiDAR
15,491 m³
Parcel 71326F0010/00C003, Flanders · tallest building 20.9 m, ±4 floors. Linked by address, not a title deed.
181
companies at this address
See who is registered here
1 establishment unit
Archie
since 20212.323.252.047
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71326F0010/00C003 | Flanders | 5,413 m² | 1 · 1,479 m² | 20.9 m · 4 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.
Public money · subsidies and aid
Flemish government
2022 to 2023 · 3 entries · 50,750 EUR awarded · 50,750 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 2 | 750 EUR | 25,750 EUR |
| 2022 | 1 | 50,000 EUR | 25,000 EUR |
Similar companies · same sector, comparable size
DirtBeatz
BE 1027.551.286
Zonhoven · Eq €6,834
Bekaert-Muylle
BE 0412.862.088
Jabbeke · Eq €12,368
Effitrax
BE 0680.440.845
Kortrijk · Eq €14,401
LUMINATE PRODUCTIONS
BE 0431.477.477
Antwerpen · Eq €17,369
NAHIZA
BE 1010.518.680
Halle · Eq €21,158
Of 94 companies in sector 29310 we hold annual accounts for 71. 15 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
Founded14-10-2021
Fiscal year end30-09
Activities, NACEBEL 2025
29310Manufacture of motor vehicles, trailers and semi-trailers
26400Manufacture of computer, electronic and optical products
27900Manufacture of electrical equipment
43211General electrical installation work
46643Wholesale of electrical equipment, including installation materials
52210Service activities incidental to land transportation
E-invoicing
Reachable via Peppol
Peppol ID
0208:0775725232
Also
9925:BE0775725232
Registered
24-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.