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COATINC NINOVE

Active
Public limited companyfounded 1982active for 43 yearsPamelstraat-Oost 500, 9400 Ninove, BelgiumKBO/BCE: BE 0423.584.152
Summary

COATINC NINOVE has been active since 1982 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €7.3m and a net result of €474,019. Equity has been stable since 2018 (±0.5% per year). Its solvency ranks better than 66% of 830 sector peers (NACE 25, financial year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).

Risk analysisFollow ReportCompare
COATINC NINOVEActiveChecked score 88/100
Risk analysis ReportCompare

Overview

Official details

Source: KBO
Status
Active since 10-11-1982 Normal situation
Activity
Machining of metals NACE 25530and 1 other
Joint committees
209 Paritair Comité voor de bedienden der metaalfabrikatennijverheid
111 Paritair Comité voor de metaal-, machine- en elektrische bouw · annual accounts 2025
Establishment unit
2.006.242.387 9400 Ninove, since 01-07-1982
Financial year end
31 December
Peppol
Reachable since 19-12-2025
Company details

Board and ownership

Board
and 1 other
Auditor
Grant Thornton CVBA
Shareholders
  • The Coatinc Company Holding B.V.LEI register
Holdings
Shares in 3 companies including COATINC NINOCOAT and COATINC LENSSEN
Board & ownership

Financial position

88 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.3%
Annual accounts 2025
Turnover
€20.2m
▲ 19.6%
Profit
€474,019
▲ 136%
Equity
€7.3m
▲ 6.9%
Total assets
€12.4m
▲ 5.4%
Employees on 31-12-2025
105
▲ 8.2%
Filed on 11-06-2026, 50 days before the deadline
Financials
Score breakdownraises riskLiquidity: current ratio 1.00, cash €101,071, halvedSector: Manufacture of fabricated metal products, except machinery and equipment (NACE 25)lowers riskFounded in 1982Equity €7.3m (58.7% of total assets)Show the evidence

Checked score

Score 2025
88 / 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 57% of medium-sized companies in fabricated metal products (NACE 25)
Every signal that counts is listed under Signals.
Financial strength · tick: 2024
Strong
Solvency 84+1
equity 58.7% of total assets
Liquidity 35-3
short-term debt 36.2% · cash 0.8%
Profitability 65+7
return on assets 3.8%
Bankruptcy probability within 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%

About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (132 companies, NACE 25, medium-sized)
Last 24 months 12-2024: 0.2% 01-2025: 0.2%● unchanged vs 12-2024 02-2025: 0.2%● unchanged vs 01-2025 03-2025: 0.2%● unchanged vs 02-2025 04-2025: 0.1%▼ -0.1 percentage points vs 03-2025lowest value 05-2025: 0.2%▲ +0.1 percentage points vs 04-2025 06-2025: 0.2%● unchanged vs 05-2025 07-2025: 0.3%▲ +0.1 percentage points vs 06-2025 08-2025: 0.3%● unchanged vs 07-2025 09-2025: 0.3%● unchanged vs 08-2025 10-2025: 0.3%● unchanged vs 09-2025 11-2025: 0.3%● unchanged vs 10-2025 12-2025: 0.3%● unchanged vs 11-2025 01-2026: 0.3%● unchanged vs 12-2025 02-2026: 0.3%● unchanged vs 01-2026 03-2026: 0.3%● unchanged vs 02-2026 04-2026: 0.3%● unchanged vs 03-2026 05-2026: 0.3%● unchanged vs 04-2026 06-2026: 0.3%● unchanged vs 05-2026highest value 07-2026: 0.3%● unchanged vs 06-2026 08-2026: 0.3%● unchanged vs 07-2026 09-2026: 0.3%● unchanged vs 08-2026 10-2026: 0.3%● unchanged vs 09-2026 11-2026: 0.3%● unchanged vs 10-2026
Credit of up to €600,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 1.0 (0.98 in 2024), below 1. Short-term debt is 36.2% and cash 0.8% of total assets. 41.3% of the assets are financed with debt and provisions.
Calculation

The band follows from the bankruptcy probability. 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 25, medium-sized). It does better than 75% of them on solvency, 32% on liquidity, 45% on profitability and 75% on growth.

The bankruptcy probability was computed on 01-11-2026 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. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Six signals.
lowers riskraises riskneutral
raises risk · Liquidity: current ratio 1.00, cash €101,071, halved
NBB · annual accounts
lowers risk · Founded in 1982
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
lowers risk · Equity €7.3m (58.7% of total assets)
NBB · annual accounts
raises risk · Sector: Manufacture of fabricated metal products, except machinery and equipment (NACE 25)
KBO
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025
Equity per financial year
1819202122232425
2018 to 2025 · latest year €7.3m
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 11-06-2026, 50 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
50 days early
2024
38 days early
2023
57 days early
2022
31 days early
2021
33 days early
2020
39 days early
2019
44 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 42 days before the deadline. In the sector (NACE 25), the median for financial year 2024 was 7 days before the deadline, and 35% 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 23 June (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
02-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Positive: Result rose in 2025from €200,901 to €474,019 ▲ 136% View
  • Positive: 3rd largest employer in Ninove, Manufacturing sectorin the Checked rankings No. 3 View
  • Positive: 5 years of growth in a rowturnover 2025: €20.2m 5 years View
  • Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View

Recent changes

  1. · Gazette deed Reappointment: Grant Thornton CVBA (statutory auditor)Permanent representative: M.F.G. Miclotte
  2. · Gazette deed Reappointment: Management en Advies Ten Berg BV (managing director)Permanent representatives: M.F.G. Miclotte and Ph. J.J. Dupont
  3. · Gazette deed Reappointment: Management en Advies Dupont-Thiry BV (managing director)Permanent representatives: Ph.J.J. Dupont and M.F.G Miclotte
All 35 events

Companies linked to COATINC NINOVE

Comparable companies

These companies have the same main activity as COATINC NINOVE: machining of metals (NACE 25530). They are comparable in size and age: total assets between €10m and €18m, founded between 1973 and 1988.

CompanyTotal assetsTurnover
COATINC NINOVE Ninove€12.4m€20.2m
PolyVision Genk€14.8m€30.5m
JAEGERSON Beernem€10.3m€16.0m
JONCKHEERE SUBCONTRACTING Roeselare€15.8m€29.2m
METAALCONSTRUCTIE VANDERSCHEUREN Diksmuide€10.5m€13.0m
Capaul Eupen€18.2m€18.1m
HEGGE TOELEVERING Hamont-Achel€10.1m€12.5m
Full comparison

Key facts about COATINC NINOVE
What is the company number of COATINC NINOVE?
The company number of COATINC NINOVE is 0423.584.152. The VAT number is the same number with BE in front: BE 0423.584.152.
Where is COATINC NINOVE based?
The registered office is at Pamelstraat-Oost 500, 9400 Ninove.Company details
What does COATINC NINOVE do?
According to the KBO register, the main activity is machining of metals (NACE 25530).
What is the legal form of COATINC NINOVE?
The legal form of COATINC NINOVE is Public limited company (NV).
When was COATINC NINOVE founded?
COATINC NINOVE was founded on 10-11-1982.
Is COATINC NINOVE still active?
Yes, COATINC NINOVE is an active enterprise in the KBO register.
How many employees does COATINC NINOVE have?
COATINC NINOVE had an average of 96.2 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
Which joint committee does COATINC NINOVE fall under?
In its 2025 annual accounts, COATINC NINOVE states joint committees 209 (Paritair Comité voor de bedienden der metaalfabrikatennijverheid) and 111 (Paritair Comité voor de metaal-, machine- en elektrische bouw).
What is the turnover of COATINC NINOVE?
The turnover of COATINC NINOVE was €20.2m in financial year 2025, according to the filed annual accounts.
Is COATINC NINOVE profitable?
In financial year 2025, COATINC NINOVE made a profit of €474,019.
Where can I find the annual accounts of COATINC NINOVE?
COATINC NINOVE filed 44 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of COATINC NINOVE due?
COATINC NINOVE must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

Next steps

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