Cocotine Coffee
ActiveSummary
The computed 12-month bankruptcy probability of Cocotine Coffee is 4.3% (elevated). The 2024 annual accounts show equity of €27k and a net result of €5k. Equity is growing by ~24% per year across the filed fiscal years. Its solvency ranks better than 56% of 18936 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability51▲+10
Solvency61▲+7
Growth78=
Track record100
Bankruptcy probability, 12 months
4.3%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days only on tighter terms
Liquidity tight (current ratio 1.28 against 1.44 in 2023; short-term debt: 27.5% and cash: 28.7% of total assets), and 64% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · 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
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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 2024Solvency, return and age of the figures
Solvency
36%
Return on assets
6.5%
Age of the figures
24 mo
raises risk · Annual accounts not filed
The financial year that closed on 30-09-2025 was due at the National Bank by 30-04-2026. Nothing is on record, 148 days later.
NBB · 4 filingsPosition against the passed deadline
30-09-2025 close30-04-2026 deadline25-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 30-09-2024 was due by 30-04-2025 and was filed on 30-06-2025, 61 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 · 4 filingsDeviation from the deadline
2025
not filed
2024
61 d late
2023
123 d late
2022
on the day
2021
19 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€27k▲ 21.9%
2023 · €22k
2021: €11klowest in 4 years
2022: €21k▲ +101% vs 2021
2023: €22k▲ +5.8% vs 2022
2024: €27k▲ +21.9% vs 2023highest in 4 years
2021 → 2024
Total assets
€76k▼ 2.7%
2023 · €78k
2021: €19klowest in 4 years
2022: €36k▲ +95.4% vs 2021
2023: €78k▲ +114% vs 2022highest in 4 years
2024: €76k▼ -2.7% vs 2023
2021 → 2024
Net result
€5k▲ 303%
2023 · €1k
2021: €-9klowest in 4 years
2022: €11k▲ +211% vs 2021highest in 4 years
2023: €1k▼ -88.4% vs 2022
2024: €5k▲ +303% vs 2023
2021 → 2024
Working capital
€6k▼ 33.2%
2023 · €9k
2021: €11k
2022: €24k▲ +126% vs 2021highest in 4 years
2023: €9k▼ -64.2% vs 2022
2024: €6k▼ -33.2% vs 2023lowest in 4 years
2021 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2021202220232024Trend
Equity€11k-€21k▲ 101%€22k▲ 5.8%€27k▲ 21.9%
2021: €11klowest in 4 years
2022: €21k▲ +101% vs 2021
2023: €22k▲ +5.8% vs 2022
2024: €27k▲ +21.9% vs 2023highest in 4 years
Operating result€-8k-€11k€4k▼ 67.2%€10k▲ 171%
2021: €-8klowest in 4 years
2022: €11k▲ +233% vs 2021highest in 4 years
2023: €4k▼ -67.2% vs 2022
2024: €10k▲ +171% vs 2023
Net result€-9k-€11k€1k▼ 88.4%€5k▲ 303%
2021: €-9klowest in 4 years
2022: €11k▲ +211% vs 2021highest in 4 years
2023: €1k▼ -88.4% vs 2022
2024: €5k▲ +303% vs 2023
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 171% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €76k
Fixed assets
€49k =
Current assets
€27k ▼ 7.4%
Equity and liabilities €76k
Equity
€27k ▲ 21.9%
Debt
€48k ▼ 12.6%
Debt's share of the balance-sheet total falls from 71.3% to 64.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€10k
Cash flow
€5k
Current ratio
1.28▼
2023 · 1.44
Quick ratio
1.09▼
2023 · 1.24
Debt to equity
1.78▼
2023 · 2.49
ROE
18.2%▲
2023 · 5.5%
ROA
6.5%▲
2023 · 1.6%
Interest coverage
2.93
Debt ≤ 1 year
€21k▲
2023 · €20k
Debt > 1 year
€28k▼
2023 · €35k
Income taxes
€1k
Staff costs
€20k▼
2023 · €23k
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 · 47 lines
Balance sheet
Code20232024
Assets
Total assets20/58€78k€76k▼
Formation expenses20€10-
Fixed assets21/28€49k€49k=
Tangible fixed assets22/27€49k€49k=
Plant, machinery and equipment23€1k€1k=
Furniture and vehicles24€48k€48k=
Financial fixed assets28€400€400=
Current assets29/58€29k€27k▼
Stocks and contracts in progress3€4k€4k▲
Stocks30/36€4k€4k▲
Amounts receivable within one year40/41€7k€960▼
Other amounts receivable41€7k€960▼
Cash at bank and in hand54/58€18k€22k▲
Equity and liabilities
Total equity and liabilities10/49€78k€76k▼
Equity10/15€22k€27k▲
Contributions10/11€20k€20k=
Reserves13€7k€7k=
Tax-exempt reserves132€7k€7k=
Profit (loss) carried forward14€-5k€-292▲
Amounts payable17/49€55k€48k▼
Amounts payable after more than one year17€35k€28k▼
Financial debts170/4€35k€28k▼
Amounts payable within one year42/48€20k€21k▲
Current portion of amounts payable after more than one year42€7k€8k▲
Trade debts44€10k€6k▼
Suppliers440/4€10k€6k▼
Taxes, remuneration and social security45€2k€4k▲
Taxes450/3€426€2k▲
Remuneration and social security454/9€2k€2k▼
Other amounts payable47/48-€4k
Income statement
Code20232024
Goods, raw materials, services and sundry goods60/61€55k€47k▼
Remuneration, social security and pensions62€23k€20k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€10
Other operating charges640/8€5k€2k▼
Gross operating margin9900€31k€32k▲
Operating profit (loss)9901€4k€10k▲
Financial income75/76B€0€143▲
Recurring financial income75€0€20▲
Non-recurring financial income76B-€123
Financial charges65/66B€2k€3k▲
Recurring financial charges65€2k€3k▲
Profit (loss) for the period before taxes9903€1k€6k▲
Income taxes67/77-€1k
Profit (loss) for the period9904€1k€5k▲
Profit (loss) for the period to be appropriated9905€1k€5k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-5k€-292▲
Profit (loss) brought forward from the previous period14P€-6k€-5k▲
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Non-recurring operating income76A | €7k | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €47k | €55k | €47k | ▼ 15.6% |
| Remuneration, social security and pensions62 | €7k | €16k | €23k | €20k | ▼ 9.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2k | €3k | - | €10 | - |
| Other operating charges640/8 | €352 | - | €5k | €2k | ▼ 53.9% |
| Gross operating margin9900 | €1k | €29k | €31k | €32k | ▲ 3.0% |
| Operating profit (loss)9901 | €-8k | €11k | €4k | €10k | ▲ 171% |
| Financial income75/76B | €17 | €7 | €0 | €143 | ▲ 119,475% |
| Recurring financial income75 | €17 | €7 | €0 | €20 | ▲ 16,925% |
| Non-recurring financial income76B | - | - | - | €123 | - |
| Financial charges65/66B | €1k | €172 | €2k | €3k | ▲ 41.7% |
| Recurring financial charges65 | €1k | €172 | €2k | €3k | ▲ 41.7% |
| Profit (loss) for the period before taxes9903 | €-9k | €11k | €1k | €6k | ▲ 425% |
| Income taxes67/77 | - | - | - | €1k | - |
| Profit (loss) for the period9904 | €-9k | €11k | €1k | €5k | ▲ 303% |
| Profit (loss) for the period to be appropriated9905 | €-9k | €11k | €1k | €5k | ▲ 303% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €19k | €36k | €78k | €76k | ▼ 2.7% |
| Formation expenses20 | €2k | €10 | €10 | - | - |
| Fixed assets21/28 | €5k | €4k | €49k | €49k | = |
| Tangible fixed assets22/27 | €5k | €4k | €49k | €49k | = |
| Plant, machinery and equipment23 | €1k | €1k | €1k | €1k | = |
| Furniture and vehicles24 | €4k | €3k | €48k | €48k | = |
| Financial fixed assets28 | - | - | €400 | €400 | = |
| Current assets29/58 | €12k | €33k | €29k | €27k | ▼ 7.4% |
| Stocks and contracts in progress3 | - | €4k | €4k | €4k | ▲ 3.3% |
| Stocks30/36 | - | €4k | €4k | €4k | ▲ 3.3% |
| Amounts receivable within one year40/41 | €2k | €16k | €7k | €960 | ▼ 86.1% |
| Trade receivables40 | €962 | €1k | - | - | - |
| Other amounts receivable41 | €692 | €15k | €7k | €960 | ▼ 86.1% |
| Cash at bank and in hand54/58 | €10k | €13k | €18k | €22k | ▲ 20.7% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €19k | €36k | €78k | €76k | ▼ 2.7% |
| Equity10/15 | €11k | €21k | €22k | €27k | ▲ 21.9% |
| Contributions10/11 | €20k | €20k | €20k | €20k | = |
| Capital10 | €20k | - | - | - | - |
| Issued capital100 | €20k | - | - | - | - |
| Reserves13 | €7k | €7k | €7k | €7k | = |
| Tax-exempt reserves132 | €7k | €7k | €7k | €7k | = |
| Profit (loss) carried forward14 | €-17k | €-6k | €-5k | €-292 | ▲ 94.3% |
| Amounts payable17/49 | €8k | €15k | €55k | €48k | ▼ 12.6% |
| Amounts payable after more than one year17 | €7k | €7k | €35k | €28k | ▼ 22.0% |
| Financial debts170/4 | - | €7k | €35k | €28k | ▼ 22.0% |
| Other amounts payable178/9 | €7k | - | - | - | - |
| Amounts payable within one year42/48 | €1k | €8k | €20k | €21k | ▲ 3.9% |
| Current portion of amounts payable after more than one year42 | - | - | €7k | €8k | ▲ 6.0% |
| Trade debts44 | €1k | €6k | €10k | €6k | ▼ 45.9% |
| Suppliers440/4 | €1k | €6k | €10k | €6k | ▼ 45.9% |
| Taxes, remuneration and social security45 | - | €3k | €2k | €4k | ▲ 62.2% |
| Taxes450/3 | - | €1k | €426 | €2k | ▲ 434% |
| Remuneration and social security454/9 | - | €2k | €2k | €2k | ▼ 17.6% |
| Other amounts payable47/48 | - | - | - | €4k | - |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-9k | €11k | €1k | €5k | ▲ 303% |
| + Depreciation and write-downs630 | €2k | €3k | - | €10 | - |
| Operating cash flow (approximation) | €-8k | €14k | €1k | €5k | ▲ 304% |
| Investment in fixed assets (approximation) | - | €-2k | €-45k | €-10 | ▲ 100.0% |
| Change in cash | - | €3k | €5k | €4k | ▼ 27.1% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 123 days late
2023
30-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Back to profitnet €11k
Net result €11k after one loss-making year.
11-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Gent · 1 establishment unit since 2020
Ground area
280 m²
Building footprint
165 m²
Volume, LiDAR
1,005 m³
Parcel 44021A3636/00C000, Flanders · tallest building 11.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Cocotine Coffee
since 20202.300.691.530
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44021A3636/00C000 | Flanders | 280 m² | 1 · 165 m² | 11.5 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteGent2.300.691.530
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Of 21,853 companies in sector 56112 we hold annual accounts for 9,776. 8,335 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded14-02-2020
Fiscal year end30-09
Activities, NACEBEL 2025
56112Limited-service restaurants, excluding mobile food services
56301Cafés and bars
Scores and ratios are computed by Checked and are not a credit decision.