COCONUT EXCLUSIVE

Active

Private limited companyfounded 200224 yrs activeWetstraat 64, 8792 Waregem, BelgiumKBO/BCE: BE 0477.266.625

Summary

The computed 12-month bankruptcy probability of COCONUT EXCLUSIVE is 1.7% (moderate). The 2024 annual accounts show equity of €47k and a net result of €-15k. Equity is growing by ~4.7% per year across the filed fiscal years. Its solvency ranks better than 75% of 18941 sector peers (fiscal year 2024). The company has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

53 / 100

Fair

The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability0▼-10

Solvency83▼-14

Growth52=

Track record100

Bankruptcy probability, 12 months

1.7% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €2.5k at 30 days acceptable

Liquidity ample (current ratio 1.7 against 2.91 in 2023; short-term debt: 41.6% and cash: 65.2% of total assets), and 41.6% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Five signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 56

Relative position

BE, all sectors

reference

Sector 56

higher

← fewer bankruptcies more bankruptcies →

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

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 2024

Solvency, return and age of the figures

Solvency

58.4%

Return on assets

-18.5%

Age of the figures

21 mo

Persistent losses

Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.

NBB · annual accounts 2024

Net result per financial year

18192021222324

2018 to 2024 · latest year €-15k

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 18-06-2025, 43 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

not confirmed

2024

43 d early

2023

47 d early

2022

42 d early

2021

33 d early

2020

43 d early

2019

30 d early

← before the deadline after the deadline →

Checked, nothing found (1)

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Equity

€47k▼ 48.5%

2023 · €92k

2018: €45k 2019: €74k 2020: €93k 2021: €95k 2022: €120k 2023: €92k

2018 → 2024

Total assets

€81k▼ 36.3%

2023 · €127k

2018: €53k 2019: €105k 2020: €106k 2021: €115k 2022: €126k 2023: €127k

2018 → 2024

Net result

€-15k▼ 74.3%

2023 · €-9k

2018: €26k 2019: €47k 2020: €18k 2021: €15k 2022: €25k 2023: €-9k

2018 → 2024

Working capital

€23k▼ 65.1%

2023 · €67k

2018: €35k 2019: €64k 2020: €73k 2021: €68k 2022: €98k 2023: €67k

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€93k-€95k▲ 2.4%€120k▲ 26.6%€92k▼ 23.7%€47k▼ 48.5%

Operating result€26k-€22k▼ 16.2%€37k▲ 71.8%€-9k€-15k▼ 74.8%

Net result€18k-€15k▼ 18.3%€25k▲ 68.3%€-9k€-15k▼ 74.3%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result stays negative: a loss of €15k in 2024 against €9k in 2023; the loss grows and 2024 has the lowest result in the available series.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €81k

29.5%

70.5%

Fixed assets €24k ▼ 3.4%

Current assets €57k ▼ 44.2%

Equity and liabilities €81k

58.4%

41.6%

Equity €47k ▼ 48.5%

Debt €34k ▼ 4.4%

Debt's share of the balance-sheet total rises from 27.7% to 41.6%. Equity and debt are lower.

Key figures and ratios

2024 value · change against 2023

EBITDA

€-8k▼

2023 · €-2k

Cash flow

€-8k▼

2023 · €-2k

Current ratio

1.70▼

2023 · 2.91

Debt to equity

0.71▲

2023 · 0.38

ROE

-31.6%▼

2023 · -9.3%

ROA

-18.5%▼

2023 · -6.7%

Interest coverage

-121.78▼

2023 · -36.63

Debt ≤ 1 year

€34k▼

2023 · €35k

Staff costs

€562▼

2023 · €751

Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Filed annual accounts As filed with the NBB · 2024 against 2023 · 43 lines

Balance sheet Code20232024

Assets

Total assets20/58€127k€81k▼

Fixed assets21/28€25k€24k▼

Intangible fixed assets21€1k€1k▼

Tangible fixed assets22/27€23k€23k▼

Plant, machinery and equipment23€10k€10k▼

Furniture and vehicles24€13k€11k▼

Other tangible fixed assets26-€2k

Current assets29/58€102k€57k▼

Amounts receivable within one year40/41€2k€4k▲

Trade receivables40€2k€3k▲

Other amounts receivable41€307€1k▲

Cash at bank and in hand54/58€99k€53k▼

Deferred charges and accrued income490/1€681€96▼

Equity and liabilities

Total equity and liabilities10/49€127k€81k▼

Equity10/15€92k€47k▼

Contributions10/11€10k€10k=

Reserves13€88k€59k▼

Distributable reserves133€88k€59k▼

Profit (loss) carried forward14€-7k€-22k▼

Amounts payable17/49€35k€34k▼

Amounts payable within one year42/48€35k€34k▼

Trade debts44€11k€351▼

Suppliers440/4€11k€351▼

Taxes, remuneration and social security45€1k€1k▲

Taxes450/3€1k€1k▲

Other amounts payable47/48€23k€32k▲

Income statement Code20232024

Remuneration, social security and pensions62€751€562▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€7k▲

Other operating charges640/8€560€524▼

Gross operating margin9900€-1k€-7k▼

Operating profit (loss)9901€-9k€-15k▼

Financial income75/76B€9€11▲

Recurring financial income75€9€11▲

Financial charges65/66B€66€63▼

Recurring financial charges65€66€63▼

Profit (loss) for the period before taxes9903€-9k€-15k▼

Profit (loss) for the period9904€-9k€-15k▼

Profit (loss) for the period to be appropriated9905€-9k€-15k▼

Appropriation of the result

Profit (loss) to be appropriated9906€-9k€-22k▼

Profit (loss) brought forward from the previous period14P-€-7k

Transfer from equity791/2€22k€30k▲

Profit to be distributed694/7€20k€30k▲

Return on contributions (dividend)694€20k€30k▲

The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 15Financial 5Filings 10

2025

18-06

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

31-12

Financial Weakest financial yearnet €-15k

Net result drops to €-15k, the lowest in the series.

14-06

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

19-06

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

2022

31-12

Financial Liquidity quadruplescurrent ratio 19.87

Current ratio from 4.42 to 19.87; short-term debt falls from €20k to €5k.

31-12

Financial Equity above €100kEq €120k ▲26.6%

5 profitable years in a row build equity to €120k.

28-06

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

2021

18-06

NBB filing Annual accounts filed

fiscal year 2020 · micro schema

2020

31-12

Financial Liquidity doublescurrent ratio 6.64

Current ratio from 3.10 to 6.64; short-term debt falls from €31k to €13k.

01-07

NBB filing Annual accounts filed

fiscal year 2019 · micro schema

2019

31-12

Financial Highest result since 2018net €47k ▲83.3%

Operating result €54k, net result €47k, both a record.

26-07

NBB filing Annual accounts filed

fiscal year 2018 · micro schema

Show earlier events

2018

03-07

NBB filing Annual accounts filed

fiscal year 2017 · micro schema

2017

03-07

NBB filing Annual accounts filed

fiscal year 2016 · micro schema

2016

28-07

NBB filing Annual accounts filed

fiscal year 2015 · abbreviated schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

4 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, Waregem · 1 establishment unit since 2002

establishment The establishment unit on the map

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.

Wetstraat 648792 Waregem

Ground area

1,652 m²

Building footprint

263 m²

Volume, LiDAR

1,053 m³

Parcel 34010B0141/00H000, Flanders · tallest building 6.8 m, ±1 floor. Linked by address, not a title deed.

1 establishment unit

COCONUT BVBA

Wetstraat 64, 8792 WaregemFood and beverage service activities

since 20022.095.931.359

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
34010B0141/00H000	Flanders	1,652 m²	1 · 263 m²	6.8 m · 1 fl.

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.

Similar companies · same sector, comparable size

VOITURON'S LUXURY CERCLE

Zaventem · Eq €47,254

Of 14,018 companies in sector 56301 we hold annual accounts for 4,891. 4,070 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded04-04-2002

Fiscal year end31-12

Activities, NACEBEL 2025

56301Cafés and bars

Sources

Crossroads Bank for EnterprisesNational Bank · 22 filingsAddress and cadastre registers

Scores and ratios are computed by Checked and are not a credit decision.