COA
ActiveSummary
COA has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €546,020 and a net result of €139,872. Equity is growing by ~43% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability86▼-5
Solvency79▲+7
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40,000 at 30 days acceptable
Liquidity tight (current ratio 1.38 against 0.98 in 2023; short-term debt: 21.6% and cash: 8.8% of total assets), and 46.4% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer 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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 15-06-2026, 46 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
46 d early
2024
42 d early
2023
47 d early
2022
19 d early
2021
16 d early
2020
27 d late
2019
17 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 23 days before the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 33% of the sector filed late.
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. Usually files around 19 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2024, micro schema
Equity
€546,020▲ 25.1%
2023 · €436,358
Total assets
€1.0m▲ 9.5%
2023 · €929,655
Net result
€139,872▼ 17.1%
2023 · €168,631
Working capital
€83,587
2023 · -€3,850
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, 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
Line20202021202220232024
Operating result€58,393▲ 12.0%€55,100▼ 5.6%€157,587▲ 186%€190,498▲ 20.9%€204,155▲ 7.2%
Net result€36,132above the sector's middle half▲ 19.6%€31,337within the sector's middle half▼ 13.3%€146,760above the sector's middle half▲ 368%€168,631above the sector's middle half▲ 14.9%€139,872above the sector's middle half▼ 17.1%
Equity€131,183within the sector's middle half▲ 38.0%€147,024within the sector's middle half▲ 12.1%€278,041above the sector's middle half▲ 89.1%€436,358above the sector's middle half▲ 56.9%€546,020above the sector's middle half▲ 25.1%
Total assets€381,276above the sector's middle half▲ 4.1%€429,055above the sector's middle half▲ 12.5%€860,013above the sector's middle half▲ 100%€929,655above the sector's middle half▲ 8.1%€1.0mabove the sector's middle half▲ 9.5%
Debt€250,093▼ 7.8%€282,031▲ 12.8%€581,972▲ 106%€493,297▼ 15.2%€471,801▼ 4.4%
Working capital-€43,543below the sector's middle half▲ 11.6%-€76,756below the sector's middle half▼ 76.3%-€118,441below the sector's middle half▼ 54.3%-€3,850below the sector's middle half▲ 96.7%€83,587within the sector's middle half
Solvency34.4%within the sector's middle half▲ 8.5pp34.3%within the sector's middle half▼ 0.1pp32.3%within the sector's middle half▼ 1.9pp46.9%within the sector's middle half▲ 14.6pp53.6%within the sector's middle half▲ 6.7pp
Current ratio0.57below the sector's middle half▲ 0.210.25below the sector's middle half▼ 0.320.25below the sector's middle half▲ 0.010.98below the sector's middle half▲ 0.721.38within the sector's middle half▲ 0.40
Return on assets (ROA)9.5%within the sector's middle half▲ 1.2pp7.3%within the sector's middle half▼ 2.2pp17.1%within the sector's middle half▲ 9.8pp18.1%within the sector's middle half▲ 1.1pp13.7%within the sector's middle half▼ 4.4pp
above
within
below
the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, 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
After the dip in 2021 the operating result has climbed three years in a row; 2024 is 7% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.0m
Fixed assets
€714,333 ▼ 6.6%
Current assets
€303,488 ▲ 84.3%
Equity and liabilities €1.0m
Equity
€546,020 ▲ 25.1%
Debt
€471,801 ▼ 4.4%
Debt's share of the balance-sheet total falls from 53.1% to 46.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€261,802▲
2023 · €248,366
Cash flow
€197,519▼
2023 · €226,499
Debt to equity
0.86▼
2023 · 1.13
ROE
25.6%▼
2023 · 38.6%
Interest coverage
22.27▲
2023 · 18.87
Debt ≤ 1 year
€219,901▲
2023 · €168,501
Debt > 1 year
€251,900▼
2023 · €324,795
Income taxes
€59,245▲
2023 · €58,503
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,811 companies that looked in July 2024 the way this one looks now, 0.3% went bankrupt within 24 months and 97% are still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.3%
went bankrupt
3.2%
stopped otherwise
97%
still going
For this company itself Checked computes a bankruptcy probability of 0.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 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% | 1.9% |
| 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 17,811 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €15,810 | €36,494 | €49,326 | €57,868 | €57,647 | ▼ 0.4% |
| Other operating charges640/8 | - | €1,242 | €2,495 | €2,392 | €2,440 | ▲ 2.0% |
| Gross operating margin9900 | €76,639 | €92,837 | €209,408 | €250,758 | €264,242 | ▲ 5.4% |
| Operating profit (loss)9901 | €58,393 | €55,100 | €157,587 | €190,498 | €204,155 | ▲ 7.2% |
| Financial income75/76B | - | €0 | €49,805 | €49,801 | €6,717 | ▼ 86.5% |
| Recurring financial income75 | €0 | €0 | €49,805 | €49,801 | €6,717 | ▼ 86.5% |
| Financial charges65/66B | - | €3,718 | €6,450 | €13,164 | €11,755 | ▼ 10.7% |
| Recurring financial charges65 | €3,272 | €3,718 | €6,450 | €13,164 | €11,755 | ▼ 10.7% |
| Profit (loss) for the period before taxes9903 | €55,122 | €51,382 | €200,942 | €227,134 | €199,117 | ▼ 12.3% |
| Income taxes67/77 | €18,989 | €20,045 | €54,182 | €58,503 | €59,245 | ▲ 1.3% |
| Profit (loss) for the period9904 | €36,132 | €31,337 | €146,760 | €168,631 | €139,872 | ▼ 17.1% |
| Profit (loss) for the period to be appropriated9905 | €36,132 | €31,337 | €146,760 | €168,631 | €139,872 | ▼ 17.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €381,276 | €429,055 | €860,013 | €929,655 | €1.0m | ▲ 9.5% |
| Fixed assets21/28 | €324,710 | €404,147 | €819,923 | €765,004 | €714,333 | ▼ 6.6% |
| Tangible fixed assets22/27 | €174,710 | €254,147 | €669,923 | €615,004 | €564,333 | ▼ 8.2% |
| Land and buildings22 | - | €157,328 | €588,734 | €556,665 | €524,597 | ▼ 5.8% |
| Plant, machinery and equipment23 | - | - | €6,897 | €8,306 | €7,377 | ▼ 11.2% |
| Furniture and vehicles24 | - | €96,819 | €74,293 | €50,033 | €32,359 | ▼ 35.3% |
| Financial fixed assets28 | €150,000 | €150,000 | €150,000 | €150,000 | €150,000 | = |
| Current assets29/58 | €56,566 | €24,908 | €40,090 | €164,651 | €303,488 | ▲ 84.3% |
| Amounts receivable within one year40/41 | €41,385 | €13,059 | €6,520 | €9,796 | €5,068 | ▼ 48.3% |
| Trade receivables40 | - | €1,655 | €1,600 | €1,538 | €934 | ▼ 39.3% |
| Other amounts receivable41 | - | €11,404 | €4,920 | €8,258 | €4,134 | ▼ 49.9% |
| Current investments50/53 | - | - | - | - | €200,000 | - |
| Cash at bank and in hand54/58 | €13,707 | €9,955 | €31,139 | €151,570 | €89,468 | ▼ 41.0% |
| Deferred charges and accrued income490/1 | - | €1,893 | €2,430 | €3,285 | €8,951 | ▲ 172% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €381,276 | €429,055 | €860,013 | €929,655 | €1.0m | ▲ 9.5% |
| Equity10/15 | €131,183 | €147,024 | €278,041 | €436,358 | €546,020 | ▲ 25.1% |
| Contributions10/11 | - | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €118,783 | €134,624 | €265,641 | €423,958 | €533,620 | ▲ 25.9% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | €132,764 | €263,781 | €422,098 | €531,760 | ▲ 26.0% |
| Profit (loss) carried forward14 | - | €0 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €250,093 | €282,031 | €581,972 | €493,297 | €471,801 | ▼ 4.4% |
| Amounts payable after more than one year17 | €149,984 | €180,368 | €423,441 | €324,795 | €251,900 | ▼ 22.4% |
| Financial debts170/4 | - | €180,368 | €423,441 | €324,795 | €251,900 | ▼ 22.4% |
| Amounts payable within one year42/48 | €100,109 | €101,663 | €158,531 | €168,501 | €219,901 | ▲ 30.5% |
| Current portion of amounts payable after more than one year42 | - | €67,530 | €99,237 | €98,645 | €72,895 | ▼ 26.1% |
| Trade debts44 | €15,279 | €6,201 | €17,855 | €10,800 | €5,625 | ▼ 47.9% |
| Suppliers440/4 | - | €6,201 | €17,855 | €10,800 | €5,625 | ▼ 47.9% |
| Taxes, remuneration and social security45 | - | €12,466 | €9,601 | €34,471 | €85,639 | ▲ 148% |
| Taxes450/3 | - | €12,194 | €9,601 | €34,471 | €85,639 | ▲ 148% |
| Remuneration and social security454/9 | - | €272 | €0 | - | - | - |
| Other amounts payable47/48 | - | €15,466 | €31,838 | €24,585 | €55,742 | ▲ 127% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €36,132 | €31,337 | €146,760 | €168,631 | €139,872 | ▼ 17.1% |
| + Depreciation and write-downs630 | €15,810 | €36,494 | €49,326 | €57,868 | €57,647 | ▼ 0.4% |
| Operating cash flow (approximation) | €51,942 | €67,831 | €196,086 | €226,499 | €197,519 | ▼ 12.8% |
| Investment in fixed assets (approximation) | - | -€115,932 | -€465,102 | -€2,948 | -€6,976 | ▼ 137% |
| Change in cash | - | -€3,751 | €21,184 | €120,431 | -€62,102 | ▼ 152% |
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
15-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
19-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €500,000Eq €546,020 ▲25.1%
7 profitable years in a row build equity to €546,020.
14-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €168,631 ▲14.9%
Net result €168,631, the highest in the series.
12-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €200,000Eq €278,041 ▲89.1%
5 profitable years in a row build equity to €278,041.
15-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 27 days late
2020
31-12
Financial
Equity above €100,000Eq €131,183 ▲38%
3 profitable years in a row build equity to €131,183.
14-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
08-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
02-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
25-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 25 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, Tournai · 1 establishment unit since 2009
Ground area
1,734 m²
Building footprint
476 m²
Volume, LiDAR
2,619 m³
Parcel 57081I0421/00V000, Wallonia · tallest building 8.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
COA
since 20092.239.488.686
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 57081I0421/00V000 | Wallonia | 1,733 m² | 1 · 476 m² | 8.1 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.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2024 list no shareholders, and no other source names one.
Holdings 1
-
17.7%
According to the 2024 annual accounts of COA and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 1,758 companies in sector 71122 we hold annual accounts for 771. 520 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 (pre-2019)
Founded06-02-2009
Fiscal year end31-12
Activities, NACEBEL 2025
71122Land surveying
55204Guest rooms (bed and breakfast)
56220Contract catering and other food service activities
71121Engineering and related technical consultancy, excluding land surveyors
74999Other professional, scientific and technical activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0809652169
Also
9925:BE0809652169
Registered
11-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.