2004 figures too old to scoreTurnover not published (abbreviated format)
Bankruptcy probability
No current score
Checked score
The higher the Checked score (0 to 100), the smaller the chance that the company goes bankrupt within twelve months. That chance sets the band, from Critical to Excellent, and within the band how the company does against its sector peers counts too. With a low score, agree a shorter payment term, an advance or security.
Figures too old
The latest figures are for FY 2004. They are too old for a current score.
Bankruptcy probability: High
Filing: Filed more than 90 days late
Filing: Five or more annual filings are missing. This points to a standstill, not an imminent failure.
Bankruptcy probability within 12 months
Bankruptcy probability
It is the chance that the company goes bankrupt within twelve months, estimated from the registers, the annual accounts and the Belgian Official Gazette. At 0.2%, about 2 in 1,000 comparable companies go bankrupt. The higher it is, the shorter the payment term to agree.
13.6% High
0%0.5%1.5%4%10%≥ 25%
About 1 in 7 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months12-2024: 1.9%01-2025: 1.9%● unchanged vs 12-202402-2025: 1.9%● unchanged vs 01-202503-2025: 1.9%● unchanged vs 02-202504-2025: 1.9%● unchanged vs 03-202505-2025: 1.9%● unchanged vs 04-202506-2025: 1.9%● unchanged vs 05-202507-2025: 1.9%● unchanged vs 06-202508-2025: 1.9%● unchanged vs 07-202509-2025: 1.8%▼ -0.1 percentage points vs 08-2025lowest value10-2025: 1.8%● unchanged vs 09-2025lowest value11-2025: 1.8%● unchanged vs 10-2025lowest value12-2025: 1.8%● unchanged vs 11-2025lowest value01-2026: 1.8%● unchanged vs 12-2025lowest value02-2026: 1.8%● unchanged vs 01-2026lowest value03-2026: 1.8%● unchanged vs 02-2026lowest value04-2026: 1.8%● unchanged vs 03-2026lowest value05-2026: 1.8%● unchanged vs 04-2026lowest value06-2026: 1.8%● unchanged vs 05-2026lowest value07-2026: 1.8%● unchanged vs 06-2026lowest value08-2026: 1.8%● unchanged vs 07-2026lowest value09-2026: 1.9%▲ +0.1 percentage points vs 08-202610-2026: 13.6%▲ +11.7 percentage points vs 09-2026highest value11-2026: 13.6%● unchanged vs 10-2026highest value
Financial strength, FY 2004
Financial strength
Financial strength measures the balance sheet and the results with three figures out of 100 from the latest annual accounts: solvency, liquidity and profitability. It does not directly set the Checked score's band. How the company does against its sector peers on these and on growth does count for its place within the band.
Weak
0equity -72.5% of total assets
0short-term debt 172.5% · cash 0.1%
0return on assets -64.2%
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31-12-2005 year end31-07-2006 deadline10-11-2026 today
raises risk · 2004 accounts filed 737 days late
The financial year that closed on 31-12-2004 was due by 31-07-2005 and was filed on 07-08-2007, 737 days past the deadline. Measured on financial year 2023: of the companies more than 90 days late, 5.61% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers.
The computed 12-month bankruptcy probability of CO3 is 13.6% (high). The latest annual accounts of CO3 were filed more than 90 days after the deadline.
The 2004 annual accounts show negative equity (-€21,883) and a net result of -€19,372. The company has been active since 2001 and the Belgian Official Gazette contains no insolvency or warning signals.