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COENECO

Active
Public limited companyfounded 198540 yrs activeKiezelweg 25, 3620 Lanaken, BelgiumKBO/BCE: BE 0428.173.836
Summary

COENECO has been active since 1985 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.5m and a net result of €65,793. Equity remains stable across the filed fiscal years (±0.9% per year). Its solvency ranks better than 41% of 10466 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).

Risk analysisWatch ReportCompare
COENECOActiveChecked score 94/100
Risk analysis ReportCompare

Overview

Activity
Development of residential building projects
NACE 68121Real estate development NACE 41101NACE 70111
#1 company by total assets in Lanaken, Real estate sector1 site
Size
€11.2mtotal assets 2025
Equity
€2.5m
Profit
€65,793
Turnover not published (abridged schema)
Financial health
94 Excellent Checked score 2025
Bankruptcy chance 12 m
< 0.1%
Structure
Accounts filed 27 d late0 of 4 deeds read
Why 94- Liquidity: current ratio 2.87, cash €103,210, halved+ Size: total assets €11.2m+ Figures for FY 2025 (filed 27-08-2026)+ Founded in 1985Show the evidence

Checked score

Score 2025
94 / 100
Excellent
Probability in this band: under 0.55%
Better than 56% of its sector peers (NACE 68, medium-sized)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Average
Solvency 47+1
equity 22.3% of total assets
Liquidity 51-7
short-term debt 3.8% · cash 0.9%
Profitability 48+3
return on assets 0.6%
Bankruptcy probability, 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%

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

Sector median 0.1% (1,712 companies)
Last 24 months 11-2024: < 0.1%lowest value 12-2024: < 0.1%● 0.0% vs 11-2024lowest value 01-2025: < 0.1%● 0.0% vs 12-2024lowest value 02-2025: < 0.1%● 0.0% vs 01-2025lowest value 03-2025: < 0.1%● 0.0% vs 02-2025lowest value 04-2025: < 0.1%▲ +2.2% vs 03-2025 05-2025: < 0.1%▲ +4.3% vs 04-2025 06-2025: 0.1%▲ +10.4% vs 05-2025 07-2025: 0.1%▲ +54.7% vs 06-2025 08-2025: < 0.1%▼ -40.2% vs 07-2025 09-2025: < 0.1%● 0.0% vs 08-2025 10-2025: < 0.1%● 0.0% vs 09-2025 11-2025: < 0.1%● 0.0% vs 10-2025 12-2025: < 0.1%● 0.0% vs 11-2025 01-2026: < 0.1%● 0.0% vs 12-2025 02-2026: < 0.1%● 0.0% vs 01-2026 03-2026: 0.1%▲ +2.0% vs 02-2026 04-2026: 0.1%▲ +8.0% vs 03-2026 05-2026: 0.1%▲ +13.0% vs 04-2026 06-2026: 0.1%▲ +14.8% vs 05-2026 07-2026: 0.1%▲ +27.1% vs 06-2026 08-2026: 0.2%▲ +121% vs 07-2026highest value 09-2026: < 0.1%▼ -75.6% vs 08-2026 10-2026: < 0.1%● 0.0% vs 09-2026
  • Size: total assets €11.2m lowers the probability for this profile
  • Liquidity: current ratio 2.87, cash €103,210, halved raises the probability
  • Figures for FY 2025 (filed 27-08-2026) lowers the probability
  • Founded in 1985 lowers the probability for this profile
Credit up to €230,000 at 30 days acceptable
Liquidity ample (current ratio 2.87 against 2.62 in 2024; short-term debt: 3.8% and cash: 0.9% of total assets), but 77.7% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 68, medium-sized). Better than this share of them on solvency 45%, liquidity 67%, profitability 56%, growth against the median 56%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Size: total assets €11.2m
In the bankruptcy model this factor lowers the probability for this profile.
NBB · annual accounts
raises risk · Liquidity: current ratio 2.87, cash €103,210, halved
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
lowers risk · Figures for FY 2025 (filed 27-08-2026)
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
lowers risk · Founded in 1985
In the bankruptcy model this factor lowers the probability for this profile.
KBO
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 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 · 10 filings
Deviation from the deadline
2025
27 d late
2024
19 d early
2023
30 d late
2022
31 d late
2021
20 d early
2020
26 d late
2019
1 d early
← 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 11 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 27 August (4 of the last 5 filed years within 46 days of that day).
Companies Code · seven months
Position in the running window
03-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · 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
  1. Annual accounts filedfiscal year 2025 · abbreviated…
  2. Annual accounts filedfiscal year 2024 · micro…
  3. Back to profitnet €49,443

Key points

  • Positive: Company by total assets in Lanaken, Real estate…in the Checked rankings #1 View
  • Active since 1985founded 23-12-1985 40 years View
  • Total assets 20256 fiscal years filed €11.2m View

By topic

Financials

Fiscal year
2025
Total assets
€11.2m
Profit
€65,793
Solvency
22.3%
Total assets▼ 2.5%
Net result
20182025
Go to Financials

Timeline

Events
14
Since
2017
Next accounts
by 31-07-2027
  1. 27-08-2026Annual accounts filed
  2. 12-07-2025Annual accounts filed
  3. 31-12-2024Back to profit
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Development of residential building projectsNACE 68121
Founded
23-12-1985
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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