COENEN-SMEETS
ActiveCOENEN-SMEETS has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €405k and a net result of €87k. Equity remains stable across the filed fiscal years (±2.1% per year). Its solvency ranks better than 67% of 14009 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
78
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability83▲+4
Solvency78▲+4
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity ample (current ratio 3.76 against 3.64 in 2024; short-term debt: 16% and cash: 5.3% of total assets), and 47.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
52.9%
Return on assets
11.3%
Age of the figures
9 mo
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 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €405k
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 filingsDeviation from the deadline
2025
27 d late
2024
14 d late
2023
on the day
2022
46 d early
2021
47 d early
2020
39 d early
2019
31 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€405k▲ 7.5%
2024 · €377k
2018: €313k
2019: €347k
2020: €406k
2021: €383k
2022: €387k
2023: €366k
2024: €377k
2018 → 2025
Total assets
€766k▲ 0.3%
2024 · €764k
2018: €481k
2019: €481k
2020: €557k
2021: €533k
2022: €536k
2023: €790k
2024: €764k
2018 → 2025
Net result
€87k▲ 38.7%
2024 · €62k
2018: €34k
2019: €47k
2020: €58k
2021: €78k
2022: €72k
2023: €26k
2024: €62k
2018 → 2025
Working capital
€338k▲ 5.9%
2024 · €319k
2018: €290k
2019: €328k
2020: €389k
2021: €368k
2022: €372k
2023: €308k
2024: €319k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€383k-€387k▲ 0.9%€366k▼ 5.5%€377k▲ 3.1%€405k▲ 7.5%
Operating result€78k-€101k▲ 29.3%€42k▼ 58.2%€90k▲ 113%€126k▲ 40.5%
Net result€78k-€72k▼ 7.5%€26k▼ 63.8%€62k▲ 139%€87k▲ 38.7%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 41% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €766k
Fixed assets
€306k▼ 5.6%
Current assets
€460k▲ 4.6%
Equity and liabilities €766k
Equity
€405k▲ 7.5%
Debt
€361k▼ 6.8%
The debt ratio falls from 50.7% to 47.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€150k▲
2024 · €120k
Cash flow
€110k▲
2024 · €93k
Solvency
52.9%▲
2024 · 49.3%
Current ratio
3.76▲
2024 · 3.64
Quick ratio
3.76▲
2024 · 3.64
Debt / equity
0.89▼
2024 · 1.03
ROE
21.4%▲
2024 · 16.6%
ROA
11.3%▲
2024 · 8.2%
Interest coverage
10.21▲
2024 · 8.33
Debt
€361k▼
2024 · €387k
Debt ≤ 1 year
€122k▲
2024 · €121k
Debt > 1 year
€237k▼
2024 · €265k
Income taxes
€39k▲
2024 · €22k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€764k€766k▲
Fixed assets21/28€324k€306k▼
Tangible fixed assets22/27€324k€306k▼
Land and buildings22€283k€276k▼
Plant, machinery and equipment23-€690
Furniture and vehicles24€2k-
Leasing and similar rights25€16k€8k▼
Other tangible fixed assets26€23k€20k▼
Current assets29/58€440k€460k▲
Amounts receivable within one year40/41€43k€78k▲
Trade receivables40€21k€22k▲
Other amounts receivable41€22k€56k▲
Current investments50/53€317k€338k▲
Cash at bank and in hand54/58€77k€41k▼
Deferred charges and accrued income490/1€3k€3k▲
Equity and liabilities
Total equity and liabilities10/49€764k€766k▲
Equity10/15€377k€405k▲
Contributions10/11€6k€6k=
Reserves13€371k€399k▲
Distributable reserves133€371k€399k▲
Amounts payable17/49€387k€361k▼
Amounts payable after more than one year17€265k€237k▼
Financial debts170/4€265k€237k▼
Amounts payable within one year42/48€121k€122k▲
Current portion of amounts payable after more than one year42€30k€31k▲
Trade debts44€3k€2k▼
Suppliers440/4€3k€2k▼
Taxes, remuneration and social security45€12k€32k▲
Taxes450/3€12k€32k▲
Other amounts payable47/48€76k€58k▼
Accrued charges and deferred income492/3€841€1k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€30k€24k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-4k€-304▲
Other operating charges640/8€6k€4k▼
Gross operating margin9900€122k€154k▲
Operating profit (loss)9901€90k€126k▲
Financial income75/76B€9k€14k▲
Recurring financial income75€9k€14k▲
Financial charges65/66B€14k€15k▲
Recurring financial charges65€14k€15k▲
Profit (loss) for the period before taxes9903€85k€125k▲
Income taxes67/77€22k€39k▲
Profit (loss) for the period9904€62k€87k▲
Profit (loss) for the period to be appropriated9905€62k€87k▲
Appropriation of the result
Profit (loss) to be appropriated9906€62k€87k▲
Transfer from equity791/2€47k€58k▲
Transfer to equity691/2€59k€87k▲
To other reserves6921€59k€87k▲
Profit to be distributed694/7€51k€58k▲
Return on contributions (dividend)694€47k€58k▲
Directors or managers695€4k-
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 27 days late
2025
31-12
Financial
Highest result since 2018net €87k ▲38.7%
Operating result €126k, net result €87k, both a record.
14-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 14 days late
2024
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €26k ▼63.8%
Net result drops to €26k, the lowest in the series; recovery starts the following year.
15-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
14-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
22-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
18-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
28-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
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, Geetbets · 1 establishment unit since 2003
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.
Ketelstraat 463454 GeetbetsGround area
2,262 m²
Building footprint
462 m²
Volume, LiDAR
2,793 m³
2 parcels, Flanders · tallest building 10.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Coenen-Smeets
since 20032.133.720.282
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24095B0305/00D003 | Flanders | 1,623 m² | 1 · 308 m² | 10.8 m · 2 fl. |
| 24028D0337/00G002 | Flanders | 639 m² | 1 · 153 m² | 7.6 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2024 to 2025 · 2 entries · 310 EUR awarded · 310 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 141 EUR | 141 EUR |
| 2024 | 1 | 169 EUR | 169 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Legal Entity Identifier
529900Z1FINEQNV38Q83
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COGEBRU
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Of 9,139 companies in sector 68201 we hold annual accounts for 6,767. 5,046 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded30-07-2003
Fiscal year end31-12
Activities, NACEBEL
68201Renting and operating of own or leased residential real estate, excluding social housing
70201
64200Holdings
64210Activities of holding companies
68203Renting and operating of own or leased non-residential real estate, excluding land
70200Business and other management consultancy
70203
70220Business consulting
71111Activities of building architects
74142
74151
74201Photography, excluding press photography
74872
82300Organisation of conventions and trade shows
Sources
Crossroads Bank for EnterprisesNational Bank · 22 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.