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COART

Active
Private limited companyfounded 1989active for 36 yearsTruilingenstraat 21, 3800 Sint-Truiden, BelgiumKBO/BCE: BE 0439.366.844
Summary

COART has been active since 1989 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €73,045 and a net result of €739. Equity is growing by about 7% per year across the filed financial years. Its solvency ranks better than 24% of 34,747 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 0.8% (low).

Risk analysisFollow ReportCompare
COARTActiveChecked score 68/100
Risk analysis ReportCompare

Overview

Activity
Joinery installation
NACE 43320
1 site
Size
€319,816total assets 2025
Equity
€73,045
Profit
€739
Turnover not published (micro format)
Financial health
68 Healthy Checked score 2025
Bankruptcy probabilitywithin 12 months
0.8%
Structure
2025 accounts 18 days early1 of 2 deeds summarised
Why 68raises riskSector: Specialised construction activities (NACE 43)Liquidity: current ratio 1.14lowers riskSize: total assets €319,816Founded in 1989Show the evidence

Checked score

Score 2025
68 / 100
Healthy
Probability in this band: 0.55% to 1.5%
Financially better than 42% of its sector peers (NACE 43, micro)
Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Strong
Solvency 48+6
equity 22.8% of total assets
Liquidity 80+30
short-term debt 26.0%
Profitability 59-3
return on assets 0.2%
Bankruptcy probability, 12 months
0.8% Low
0%0.5%1.5%4%10%≥ 25%

About 8 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (47,644 companies, NACE 43, micro)
Last 24 months 11-2024: 0.5% 12-2024: 0.5%● unchanged vs 11-2024 01-2025: 0.5%● unchanged vs 12-2024 02-2025: 0.5%● unchanged vs 01-2025 03-2025: 0.5%● unchanged vs 02-2025 04-2025: 0.5%● unchanged vs 03-2025 05-2025: 0.6%▲ +0.1 percentage points vs 04-2025 06-2025: 0.5%▼ -0.1 percentage points vs 05-2025 07-2025: 0.8%▲ +0.3 percentage points vs 06-2025highest value 08-2025: 0.2%▼ -0.6 percentage points vs 07-2025lowest value 09-2025: 0.2%● unchanged vs 08-2025lowest value 10-2025: 0.2%● unchanged vs 09-2025lowest value 11-2025: 0.2%● unchanged vs 10-2025lowest value 12-2025: 0.2%● unchanged vs 11-2025lowest value 01-2026: 0.2%● unchanged vs 12-2025lowest value 02-2026: 0.2%● unchanged vs 01-2026 03-2026: 0.2%● unchanged vs 02-2026 04-2026: 0.3%▲ +0.1 percentage points vs 03-2026 05-2026: 0.3%● unchanged vs 04-2026 06-2026: 0.3%● unchanged vs 05-2026 07-2026: 0.3%● unchanged vs 06-2026 08-2026: 0.8%▲ +0.5 percentage points vs 07-2026 09-2026: 0.8%● unchanged vs 08-2026 10-2026: 0.8%● unchanged vs 09-2026
Credit of up to €4,500 on 30-day terms is acceptable
Liquidity tight (current ratio 1.14, compared with 1.07 in 2024, below the usual 1.5; short-term debt: 26% of total assets), and 77.2% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro): better than 24% on solvency, 78% on liquidity, 28% on profitability and 38% on growth.

The bankruptcy probability was computed on 27-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.
lowers riskraises riskneutral
raises risk · Sector: Specialised construction activities (NACE 43)
KBO
raises risk · Liquidity: current ratio 1.14
NBB · annual accounts
lowers risk · Size: total assets €319,816
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
lowers risk · Founded in 1989
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 34747 sector peers (2025).
NBB · sector comparison
Position among 34747 sector peers
Solvency
better than 24%
← weakest strongest →
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 13-07-2026, 18 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
18 days early
2024
17 days early
2023
27 days early
2022
21 days early
2021
25 days early
2020
30 days early
2019
28 days late
← 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 16 days before the deadline; the sector median (NACE 43) for financial year 2024 is 1 day before the deadline, and 43% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 10 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
28-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · micro…
  2. Annual accounts filedfinancial year 2024 · micro…
  3. Annual accounts filedfinancial year 2023 · micro…

Key points

  • Positive: Filed on time since financial year 2020accounts within the deadline every year 6 years View
  • Positive: 5 profitable years in a rowprofit 2025: €739 5 years View
  • Active since 1989founded 28-12-1989 36 years View

By topic

Financials

Financial year
2025
Total assets
€319,816
Profit
€739
Solvency
22.8%
Total assets▼ 24.2%
Net result
20182025
Go to Financials

Board & ownership

Board
2 members
  • COART,Yves Ernest AugustinDirector
  • COART,Laurens Kathleen BartDirector
Go to Board & ownership

Timeline

Events
40
Since
1991
Next accounts
by 31-07-2027
  1. 10-07-2023Annual accounts filed
  2. 27-04-2023Resignation: COART,Laurens Kathleen Bart (manager)
  3. 31-12-2022Liquidity more than doubled
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Joinery installationNACE 43320
Founded
28-12-1989
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
30
Who signs
Each director alone
Annual meeting
Second Saturday of June at 18:30
Purpose
“Onderneming voor timmer & schrijnwerk,interieurinrichting. Het commercialiseren,leveren en…” (deed in Dutch)
Go to Articles of association

Key facts about COART

What is the company number of COART?
0439.366.844. In Belgium the VAT number is the company number with BE in front: BE 0439.366.844.
Where is COART based?
The registered office is at Truilingenstraat 21, 3800 Sint-Truiden.Company details
What does COART do?
According to the KBO register, the main activity is joinery installation (NACE 43320).
What is the legal form of COART?
Private limited company (BV).
When was COART founded?
On 28-12-1989.
Is COART still active?
Yes, COART is an active enterprise in the KBO register.
What is the turnover of COART?
Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.Financials
Is COART profitable?
In financial year 2025, COART made a profit of €739.
Where can I find the annual accounts of COART?
COART filed 36 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of COART due?
By 31-07-2027, for financial year 2026.Timeline

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