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Generated 08-08-2026
Active BE 0435.472.689Public limited company

CO-ORDINATION

Hamstraat 132 ·1180 Ukkel, Belgium· 37 yrs active
Sector: Advertising & market research (73110)
Conclusion Checked

The computed 12-month bankruptcy probability of CO-ORDINATION is 1.3% (low). The 2022 annual accounts show negative equity (€-4k) and a net result of €15k. Its solvency ranks better than 9% of 91 sector peers (fiscal year 2022). The company has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 2 annual accounts.
Key figures
Equity €-4k
Net result €15k
Better than sector 9%
Active 37 yrs
Snowflake analysis 5 axes · computed by Checked
Health26Profitability67Solvency41Growth38Stability100
54 / 100

Mixed profile: strong on stability, weaker on health.

Health 26
Profitability 67
Solvency 41
Growth 38
Stability 100
Bankruptcy probability (12 mo) Checked model v1 · free
1.3% Low
0%0,5%1,5%4%10%≥25%
Annual accounts: weaker financial profile +Higher-failure-rate region +Long track record −

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based
0 / 100
Low risk
Trust signals 3 signals
Long-established
Founded in 1988, 37 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad.
Administratively compliant
No FOD Economie strikeouts (UBO, accounts, address, activity).
Administrative Flags 0 events
No administrative flags
Health barometer FY 2022 · computed
26 / 100 Weak
050100

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.
Financial overview10 NBB filings
Annual accounts filed on 29-09-2023 with the NBB · fiscal year 2022 · volledig
€0€100k€200kRevenue 2019: €231k€231kOperating result 2019: €12k€12kNet result 2019: €10k€10kRevenue 2022: €54k€54kOperating result 2022: €15k€15kNet result 2022: €15k€15k20192022
RevenueOperating resultNet result
Sector comparison
Fiscal year 2022 · NACE 73, Advertising & market research · compared within the same schema type (full schema)
Metric This company Sector median Position in the sector
Solvency -19.2% 39.2%
better than 9% of 91 sector peers
Net result €15k €31k
better than 39% of 92 sector peers
Equity €-4k €111k
better than 14% of 92 sector peers
Gross operating margin €25k €53k
better than 30% of 82 sector peers
Staff costs €275 €130k
higher than 5% of 44 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Revenue
€54k
-76.5% 19-22
EBITDA
€23k
+15.2% 19-22
Net profit
€15k
+55.4% 19-22
Cash flow
€23k
+25.1% 19-22
Total assets
€21k
-82.6% 19-22
Equity
€-4k
- 19-22
Working capital
€-4k
+49.7% 19-22
Employees (FTE)
1
- 19-22
Staff costs
€275
-99.5% 19-22
Debt
€25k
-76.7% 19-22
Debt ≤ 1y
€25k
-76.6% 19-22
Current ratio
0.83
-10.2% 19-22
Quick ratio
0.83
-4.2% 19-22
Solvency
-19.2%
- 19-22
Debt / equity
-6.22
- 19-22
ROE
-380.4%
- 19-22
ROA
72.9%
+793.5% 19-22
Net margin
28.2%
+560.7% 19-22
EBITDA margin
43.2%
+389.7% 19-22
Interest coverage
436.96
+2994.7% 19-22
Figures by fiscal year
Fiscal year2022
Revenue€54k
EBITDA€23k
Net profit€15k
Cash flow€23k
Staff costs€275
Income taxes-
Dividends-
Total assets€21k
Equity€-4k
Debt€25k
of which ≤ 1y€25k
of which > 1y-
Working capital€-4k
Employees (FTE)-
Ratios (computed)
2022
Current ratio0.83
Quick ratio0.83
Working capital ratio-20.8%
Solvency-19.2%
Debt / equity-6.22
Long-term debt ratio-
Interest coverage436.96
Gross margin45.8%
Net margin28.2%
ROA72.9%
ROE-380.4%
EBITDA margin43.2%
Days sales outstanding117d
Days payable outstanding20d
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2022
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2022
Balance sheet, Assets
TOTAL ASSETS 20/58€21k
Fixed assets 21/28€343
Tangible fixed assets 22/27€318
Financial fixed assets 28€25
Current assets 29/58€21k
Amounts receivable within one year 40/41€17k
Cash & bank 54/58€3k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€21k
Equity 10/15€-4k
Contributions / capital 10/11€62k
Reserves 13€606k
Accumulated profits (losses) 14€-672k
Amounts payable 17/49€25k
Amounts payable within one year 42/48€25k
Trade debts payable within one year 44€2k
Income statement
Turnover 70€54k
Gross operating margin 9900€25k
Operating result 9901€15k
Financial charges 65€54
Result before taxes 9903€15k
Net result for the period 9904€15k
Result to be appropriated 9905€15k
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Ratios computed by Checked.
Directors & mandates 2 directors
Current directors & mandates
  • Mieke DEFUSTER
    Managing director
    State Gazette act 26019700 (09-02-2026)
    Current
    09-02-2026 → present
  • COERTEN Jacques
    Director
    State Gazette act 23473849 (22-12-2023)
    Current
    14-12-2023 → present
    3 events
    • 22-12-2023 Mandate renewed· Director
    • 22-12-2023 Mandate renewed· Managing director
    • 14-12-2023 Appointed· Managing director
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.
Legal Structure
NACE primary Advertising & market research(73110)
Legal form Public limited company(014)
Incorporation30-09-1988
StatusActive
Postal code1180
Establishment units 1 location
CO ORDINATION
Hamstraat 124, 1180 UkkelVervaardiging van producten van rubber
since 19882.040.784.384
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Brussels 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21614H0005/00D033 Brussels 1.1 ha 2 · 1,353 m² 19.2 m · 6 fl.
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates 12 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2026
09-02-2026
State Gazette act Director changes
v3.2
2023
22-12-2023
State Gazette act Statutes amendment
v3.2
29-09-2023
NBB filing Annual accounts filed
fiscal year 2022 · volledig
2020
22-10-2020
NBB filing Annual accounts filed
fiscal year 2019 · volledig
2018
24-10-2018
NBB filing Annual accounts filed
fiscal year 2017 · volledig
2016
28-01-2016
NBB filing Annual accounts filed
fiscal year 2013 · volledig
28-01-2016
NBB filing Annual accounts filed
fiscal year 2012 · volledig
2015
30-09-2015
NBB filing Annual accounts filed
fiscal year 2014 · volledig
2011
31-08-2011
NBB filing Annual accounts filed
fiscal year 2010 · volledig
2010
31-08-2010
NBB filing Annual accounts filed
fiscal year 2009 · volledig
2009
19-08-2009
NBB filing Annual accounts filed
fiscal year 2008 · volledig
2008
05-08-2008
NBB filing Annual accounts filed
fiscal year 2007 · volledig
Belgisch Staatsblad, acts 2 acts
All acts · 2 updated 6 months ago
2026
09-02-2026 Mieke DEFUSTER appointed as managing director Director changes
  • Mieke DEFUSTER, Gedelegeerd bestuurder
Summary: v3.2
Technical details 
{
  "events": [
    {
      "kind": "director_in",
      "role": "gedelegeerd_bestuurder",
      "person": {
        "rrn": null,
        "name": "Mieke DEFUSTER",
        "address": null,
        "birth_date": null
      },
      "evidence_quote": "L\u0027assembl\u00E9e d\u00E9cide la nomination de Madame Mieke DEFUSTER, num\u00E9ro national tant qu\u0027administrateur-d\u00E9l\u00E9gu\u00E9."
    }
  ],
  "schema": "v3.2",
  "act_meta": {
    "model_id": 36,
    "extractor": "constrained-core-35b"
  },
  "subject_company": {
    "kbo": "0435.472.689",
    "name_full": "CO-ORDINATION",
    "legal_form": "SA"
  }
}
2023
22-12-2023 Articles of association amended Statutes amendment
Summary: v3.2
Technical details 
{
  "schema": "v3.2",
  "act_meta": {
    "model_id": 36,
    "extractor": "constrained-core-35b"
  },
  "statute_change": {
    "name_change": false,
    "seat_change": false,
    "object_change": true,
    "effective_date": "2023-12-14",
    "legal_form_change": false
  },
  "bedrijfsrevisor": null,
  "subject_company": {
    "kbo": "0435.472.689",
    "name_full": "CO-ORDINATION",
    "legal_form": "SA"
  },
  "signature_regime": "solo",
  "special_mandates": [],
  "governance_change": {
    "admin_delegated_added": [
      {
        "name": "COERTEN Jacques",
        "quote": "d\u2019appeler \u00E0 la fonction d\u2019administrateur d\u00E9l\u00E9gu\u00E9 Monsieur COERTEN Jacques, pr\u00E9nomm\u00E9, ici pr\u00E9sente et qui accepte.",
        "excluded_powers": null
      }
    ]
  }
}
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Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
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Company registry (CBE) Crossroads Bank
Activities
Reclamebureaus73110Activiteiten van reclamebureaus73110Publiciteitsagentschappen74401
Primary activity highlighted.
Names & trade names
Legal nameFR CO-ORDINATION
Registered office
Hamstraat 132 bus A3
1180 Ukkel, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
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Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative