Equity
Debts exceed assets in financial year 2025.
Debts exceed assets in financial year 2025.
Of this, €39,886 falls due within a year.
Less equity than 95% of companies in personal services. Sector median €15,333 · 5,742 companies.
Negative equity caps the score at 59.
The dashed line is the sector median: 0.7% across 7,627 companies (NACE 96, micro).
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 96, micro). It does better than 23% of them on solvency, 71% on liquidity, 46% on profitability and 46% on growth.
The bankruptcy probability was computed on 04-11-2026 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.
The probability rests on the annual accounts with balance sheet date 30-09-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
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).
In July 2024, 519 companies had the same profile as COCLI has now. Each dot stands for 2 companies, two years later.
Another 1.7% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of COCLI itself is lower: 0.3% within 12 months. It rests on far more data about COCLI than the profile alone.
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 519 companies, not a prediction for COCLI. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Liquidity is ample, with a current ratio of 1.79 (1.55 in 2024), above the usual 1.5. Short-term debt is 7.4% and cash 12.7% of total assets. However, equity is negative.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average on the deadline day. In the sector (NACE 96), the median for financial year 2024 was on the deadline day, and 48% of those companies filed late.
| Company | Total assets | Gross margin | Solvency | Staff |
|---|---|---|---|---|
| COCLI Ostend | €537,345 | €59,720 | -19.4% | - |
| Selfwash Ostend | €501,163 | €39,870 | 8.7% | - |
| DE WASPOORT Harelbeke | €691,963 | €75,295 | 6.4% | - |
| BUSINESS CONNEXION Woluwe-Saint-Pierre | €460,595 | €39,927 | -26.2% | - |
| BADER.MA Anderlecht | €392,909 | €45,362 | 3.4% | - |
| Top Cleaning Group Oudenaarde | €353,009 | €61,250 | 68.0% | - |
| NETWASH EXPRESS Koksijde | €535,718 | €113,462 | 30.5% | - |
These companies have the same main activity as COCLI: launderettes and laundries for private customers (NACE 96102). They are comparable in size and age: total assets between €353,000 and €692,000, founded between 1999 and 2007.
COCLI files the micro format. That format states no turnover. The gross margin rose from €2,348 in 2007 to €59,720 in 2025.
The balance sheet grew most from 2011 to 2013 through fixed assets.
In June 2024, the Official Gazette published the appointment of COORNAERT Bob as managing director.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
See how customers, suppliers and banks see your own company and what to improve first.
If something looks wrong or is missing, please tell us.