CO-NO
ActiveSummary
The computed 12-month bankruptcy probability of CO-NO is 3.0% (moderate). The 2025 annual accounts show equity of €50k and a net result of €-7k. Equity is growing by ~67.8% per year across the filed fiscal years. Its solvency ranks better than 14% of 7777 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
47
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability66▼-18
Solvency38▼-1
Growth78=
Track record94
Bankruptcy probability, 12 months
3.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity short (current ratio 0.92 against 0.95 in 2024; short-term debt: 65% and cash: 14.3% of total assets), and 86.8% 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.
+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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
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
13.2%
Return on assets
-1.9%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 7777 sector peers (2025).
NBB · sector comparisonPosition among 7777 sector peers
Solvency
better than 14%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 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 · 4 filingsDeviation from the deadline
2025
28 d late
2024
57 d late
2023
30 d late
2022
32 d late
← 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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€50k▼ 12.5%
2024 · €57k
2022: €-16k
2023: €5k
2024: €57k
2022 → 2025
Total assets
€377k▼ 10.7%
2024 · €423k
2022: €145k
2023: €257k
2024: €423k
2022 → 2025
Net result
€-7k
2024 · €53k
2022: €-19k
2023: €20k
2024: €53k
2022 → 2025
Working capital
€-18k▼ 7.1%
2024 · €-17k
2022: €-98k
2023: €-19k
2024: €-17k
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€-16k-€5k€57k▲ 1,165%€50k▼ 12.5%
Operating result€-17k-€25k€71k▲ 180%€-615
Net result€-19k-€20k€53k▲ 156%€-7k
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 €615 after €71k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €377k
Fixed assets
€151k ▲ 22.2%
Current assets
€227k ▼ 24.2%
Equity and liabilities €377k
Equity
€50k ▼ 12.5%
Debt
€327k ▼ 10.4%
Debt's share of the balance-sheet total rises from 86.5% to 86.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
€46k▼
2024 · €95k
Cash flow
€40k▼
2024 · €77k
Current ratio
0.92▼
2024 · 0.95
Debt to equity
6.56▲
2024 · 6.41
ROE
-14.3%▼
2024 · 92.1%
ROA
-1.9%▼
2024 · 12.4%
Interest coverage
7.01▼
2024 · 20.98
Debt ≤ 1 year
€245k▼
2024 · €317k
Debt > 1 year
€82k▲
2024 · €47k
Income taxes
€20▼
2024 · €14k
Staff costs
€111k▲
2024 · €33k
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 · 51 lines
Balance sheet
Code20242025
Assets
Total assets20/58€423k€377k▼
Formation expenses20-€0
Fixed assets21/28€123k€151k▲
Tangible fixed assets22/27€123k€151k▲
Plant, machinery and equipment23€60k€53k▼
Furniture and vehicles24€63k€98k▲
Current assets29/58€299k€227k▼
Amounts receivable within one year40/41€278k€171k▼
Trade receivables40€244k€142k▼
Other amounts receivable41€34k€29k▼
Cash at bank and in hand54/58€15k€54k▲
Deferred charges and accrued income490/1€6k€2k▼
Equity and liabilities
Total equity and liabilities10/49€423k€377k▼
Equity10/15€57k€50k▼
Contributions10/11€3k€3k=
Outside capital11-€3k
Other1109/19-€3k
Reserves13€54k€47k▼
Distributable reserves133€54k€47k▼
Amounts payable17/49€366k€327k▼
Amounts payable after more than one year17€47k€82k▲
Financial debts170/4€47k€82k▲
Amounts payable within one year42/48€317k€245k▼
Current portion of amounts payable after more than one year42€10k€24k▲
Financial debts43€1k€2k▲
Credit institutions430/8€1k€2k▲
Trade debts44€227k€167k▼
Suppliers440/4€227k€167k▼
Advances received on contracts in progress46€5k€5k=
Taxes, remuneration and social security45€18k€4k▼
Taxes450/3€17k€3k▼
Remuneration and social security454/9€1k€534▼
Other amounts payable47/48€55k€44k▼
Accrued charges and deferred income492/3€2k€67▼
Income statement
Code20242025
Remuneration, social security and pensions62€33k€111k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€24k€47k▲
Other operating charges640/8€2k€3k▲
Gross operating margin9900€131k€160k▲
Operating profit (loss)9901€71k€-615▼
Financial income75/76B€6€123▲
Recurring financial income75€6€123▲
Financial charges65/66B€5k€7k▲
Recurring financial charges65€5k€7k▲
Profit (loss) for the period before taxes9903€66k€-7k▼
Income taxes67/77€14k€20▼
Profit (loss) for the period9904€53k€-7k▼
Profit (loss) for the period to be appropriated9905€53k€-7k▼
Appropriation of the result
Profit (loss) to be appropriated9906€53k€-7k▼
Transfer from equity791/2-€7k
Transfer to equity691/2€53k-
To other reserves6921€53k-
The notes to these accounts (8 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
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 28 days late
2025
26-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 57 days late
2024
31-12
Financial
Highest result since 2022net €53k ▲156%
Operating result €71k, net result €53k, both a record.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Back to profitnet €20k
Net result €20k after one loss-making year.
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 32 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Hannut · 1 establishment unit since 2022
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.
Rue Zénobe Gramme 344280 HannutGround area
2,044 m²
Building footprint
118 m²
Volume, LiDAR
936 m³
2 parcels, Wallonia · tallest building 10.2 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Rue de Namur 43, 4280 Hannut
since 20222.330.263.068
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 64034B1009/00W000 | Wallonia | 1,124 m² | - | - |
| 64034A0378/00B000 | Wallonia | 920 m² | 1 · 118 m² | 10.2 m · 3 fl. |
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
BICCONSTRUCT
BE 0502.602.134
Machelen (Brab.) · Eq €49,922
JEROEN D'HONT
BE 0874.876.256
Zele · Eq €49,906
GHYCO
BE 0877.015.206
Wellen · Eq €49,942
SOUBRY LORENZO
BE 0552.539.120
Kuurne · Eq €49,975
TOP CLASSE
BE 0892.124.836
Anderlecht · Eq €49,981
Of 15,529 companies in sector 43990 we hold annual accounts for 7,423. 6,088 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded30-03-2022
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
43990Other specialised construction activities
43230Insulation installation
43350Other building finishing work
43910Bricklaying and masonry work
70200Business and other management consultancy
81100Combined facilities support activities
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.