COAR
ActiveCOAR has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-12k) and a net result of €-816. Equity is shrinking by ~7.1% per year across the filed fiscal years. Its solvency ranks better than 5% of 827 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.5% (low).
Checked score
Score 2025
24
/ 100
Critical
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability11▼-89
Solvency0=
Growth32=
Track record100
Bankruptcy probability, 12 months
1.5%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.54 against 0.62 in 2024; short-term debt: 177.8% and cash: 0.3% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
-87.7%
Return on assets
-6%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Sector 41
higher
← 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
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
192022232425
2019 to 2025 · latest year €-12k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 18-08-2026, 18 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 · 10 filingsDeviation from the deadline
2025
18 d late
2024
14 d late
2023
26 d late
2022
53 d late
2020
146 d late
2019
63 d late
2017
61 d late
← before the deadline
after the deadline →
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
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-816
2024 · €5k
2019: €9k
2020: €-9k
2022: €-5k
2023: €6k
2024: €5k
2019 → 2025
Working capital
€-11k▼ 4.2%
2024 · €-11k
2019: €-82k
2020: €-11k
2022: €-21k
2023: €-14k
2024: €-11k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202022202320242025Trend
Equity€-10k-€-22k▼ 118%€-16k▲ 27.3%€-11k▲ 29.5%€-12k▼ 7.3%
Operating result€-8k-€-5k▲ 38.5%€6k€5k▼ 17.1%€-439
Net result€-9k-€-5k▲ 41.0%€6k€5k▼ 21.3%€-816
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €439 after €5k in 2024.
Balance-sheet composition
Assets €14k
Fixed assets
€450
Current assets
€13k
Key figures and ratios
EBITDA
€-289
Cash flow
€-666
Solvency
-87.7%▼
2024 · -62.0%
Current ratio
0.54▼
2024 · 0.62
Quick ratio
0.54▼
2024 · 0.62
Debt / equity
-2.14▲
2024 · -2.61
ROA
-6.0%▼
2024 · 26.0%
Interest coverage
-1.34
Debt
€26k▼
2024 · €29k
Debt ≤ 1 year
€24k▼
2024 · €28k
Income taxes
€162▲
2024 · €161
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€18k€14k▼
Formation expenses20€600-
Fixed assets21/28-€450
Tangible fixed assets22/27-€450
Plant, machinery and equipment23-€450
Current assets29/58€17k€13k▼
Amounts receivable within one year40/41€14k€12k▼
Trade receivables40€14k€9k▼
Other amounts receivable41-€4k
Cash at bank and in hand54/58€205€40▼
Deferred charges and accrued income490/1€4k€680▼
Equity and liabilities
Total equity and liabilities10/49€18k€14k▼
Equity10/15€-11k€-12k▼
Contributions10/11€7k€7k=
Capital10€7k€7k=
Issued capital100€19k€19k=
Uncalled capital101€12k€12k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Legal reserve130€2k€2k=
Profit (loss) carried forward14€-20k€-21k▼
Amounts payable17/49€29k€26k▼
Amounts payable within one year42/48€28k€24k▼
Trade debts44€3k€4k▲
Suppliers440/4€3k€4k▲
Taxes, remuneration and social security45€5k€4k▼
Taxes450/3€5k€4k▼
Other amounts payable47/48€20k€17k▼
Accrued charges and deferred income492/3€1k€1k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€150
Other operating charges640/8€3k€3k▼
Gross operating margin9900€8k€2k▼
Operating profit (loss)9901€5k€-439▼
Financial charges65/66B€90€215▲
Recurring financial charges65€90€215▲
Profit (loss) for the period before taxes9903€5k€-654▼
Income taxes67/77€161€162▲
Profit (loss) for the period9904€5k€-816▼
Profit (loss) for the period to be appropriated9905€5k€-816▼
Appropriation of the result
Profit (loss) to be appropriated9906€-20k€-21k▼
Profit (loss) brought forward from the previous period14P€-25k€-20k▲
The notes to these accounts (4 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
18-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 18 days late
2025
14-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 14 days late
2024
26-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 26 days late
2023
31-12
Financial
Back to profitnet €6k
Net result €6k after 2 loss-making years.
22-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 53 days late
2021
24-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 146 days late
2020
31-12
Financial
Weakest financial yearnet €-9k ▼194%
Net result drops to €-9k, the lowest in the series; recovery starts the following year.
02-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 63 days late
2018
30-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 61 days late
2017
30-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 61 days late
2016
28-12
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 150 days late
2015
02-11
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 94 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
8 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, Antwerpen
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.
Lichtenberglaan 212660 AntwerpenGround area
463 m²
Building footprint
398 m²
Parcel 11382A0369/00X007, Flanders. Linked by address, not a title deed.
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11382A0369/00X007 | Flanders | 463 m² | 1 · 398 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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AB PROJECT
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AMZ Invest
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BOUWZAAM
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DO HAB
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Affligem · Eq €8k
Of 29,803 companies in sector 41001 we hold annual accounts for 16,040. 8,342 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded17-08-2010
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
Sources
Crossroads Bank for EnterprisesNational Bank · 13 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.