Coeo
ActiveSummary
Coeo has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.8m and a net result of €364,516. Equity is growing by ~56.2% per year across the filed fiscal years. Its solvency ranks better than 71% of 2300 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability72▼-28
Solvency92▼-8
Growth78=
Track record94
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €130,000 at 30 days acceptable
Liquidity ample (current ratio 1.56 against 10.08 in 2024; short-term debt: 16.5% and cash: 17.8% of total assets), and 32.8% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Office administrative, office support and other business support activities (NACE 82)
about 37% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
67.2%
Return on assets
13.8%
Age of the figures
9 mo
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-08-2026, 26 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 4 filingsDeviation from the deadline
2025
26 d late
2024
65 d early
2023
117 d early
2022
129 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 71 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% 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.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€1.8m▲ 25.9%
2024 · €1.4m
Total assets
€2.6m▲ 46.8%
2024 · €1.8m
Net result
€364,516▼ 43.1%
2024 · €640,952
Working capital
€242,574▼ 58.5%
2024 · €584,384
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2022202320242025
Operating result€37,629-€1.1m▲ 2,728%€884,836▼ 16.9%€455,967▼ 48.5%
Net result€27,609-€738,838▲ 2,576%€640,952▼ 13.2%€364,516▼ 43.1%
Equity€28,609-€767,447▲ 2,583%€1.4m▲ 83.5%€1.8m▲ 25.9%
Total assets€518,114-€1.1m▲ 117%€1.8m▲ 59.5%€2.6m▲ 46.8%
Debt€406,075-€175,879▼ 56.7%€164,841▼ 6.3%€608,748▲ 269%
Working capital€115,818-€479,876▲ 314%€584,384▲ 21.8%€242,574▼ 58.5%
Staff (FTE)0.8-15.1▲ 1,788%16.4▲ 8.6%17.8▲ 8.5%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 48% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.6m
Fixed assets
€2.0m ▲ 70.7%
Current assets
€678,119 ▲ 4.5%
Equity and liabilities €2.6m
Equity
€1.8m ▲ 25.9%
Provisions
€255,415 ▲ 14.6%
Debt
€608,748 ▲ 269%
Debt's share of the balance-sheet total rises from 9.2% to 23.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€528,063▼
2024 · €956,598
Cash flow
€436,612▼
2024 · €712,715
Current ratio
1.56▼
2024 · 10.08
Debt to equity
0.34▲
2024 · 0.12
ROE
20.6%▼
2024 · 45.5%
ROA
13.8%▼
2024 · 35.7%
Interest coverage
-12.81▼
2024 · 743.32
Debt ≤ 1 year
€435,545▲
2024 · €64,384
Debt > 1 year
€56,177▲
2024 · €615
Income taxes
€132,674▼
2024 · €247,858
Staff costs
€644,665▲
2024 · €542,233
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €139,626 | €730,964 | €542,233 | €644,665 | ▲ 18.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10,938 | €69,039 | €71,762 | €72,096 | ▲ 0.5% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | -€3,110 | €99,110 | €40,341 | €32,534 | ▼ 19.4% |
| Other operating charges640/8 | - | €300 | €936 | €1,072 | ▲ 14.5% |
| Non-recurring operating charges66A | €64,017 | €20,331 | €443,670 | €144,290 | ▼ 67.5% |
| Gross operating margin9900 | €249,100 | €2.0m | €2.0m | €1.4m | ▼ 31.9% |
| Operating profit (loss)9901 | €37,629 | €1.1m | €884,836 | €455,967 | ▼ 48.5% |
| Financial income75/76B | - | €539 | €5,262 | €0 | ▼ 100.0% |
| Recurring financial income75 | - | €539 | €5,262 | €0 | ▼ 100.0% |
| Financial charges65/66B | €520 | €5,429 | €1,287 | -€41,223 | ▼ 3,303% |
| Recurring financial charges65 | €520 | €5,429 | €1,287 | -€41,223 | ▼ 3,303% |
| Profit (loss) for the period before taxes9903 | €37,109 | €1.1m | €888,811 | €497,190 | ▼ 44.1% |
| Income taxes67/77 | €9,500 | €320,534 | €247,858 | €132,674 | ▼ 46.5% |
| Profit (loss) for the period9904 | €27,609 | €738,838 | €640,952 | €364,516 | ▼ 43.1% |
| Profit (loss) for the period to be appropriated9905 | €27,609 | €738,838 | €640,952 | €364,516 | ▼ 43.1% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €518,114 | €1.1m | €1.8m | €2.6m | ▲ 46.8% |
| Fixed assets21/28 | €331,657 | €512,986 | €1.1m | €2.0m | ▲ 70.7% |
| Intangible fixed assets21 | €302,552 | €239,955 | €177,358 | €114,761 | ▼ 35.3% |
| Tangible fixed assets22/27 | €17,105 | €22,170 | €25,272 | €20,567 | ▼ 18.6% |
| Other tangible fixed assets26 | €17,105 | €22,170 | €25,272 | €20,567 | ▼ 18.6% |
| Financial fixed assets28 | €12,000 | €250,861 | €944,723 | €1.8m | ▲ 93.0% |
| Current assets29/58 | €186,457 | €612,880 | €648,768 | €678,119 | ▲ 4.5% |
| Amounts receivable within one year40/41 | €4,475 | €104,102 | €213,927 | €201,843 | ▼ 5.6% |
| Trade receivables40 | - | €59,778 | €85,132 | €178,235 | ▲ 109% |
| Other amounts receivable41 | €4,475 | €44,324 | €128,795 | €23,608 | ▼ 81.7% |
| Cash at bank and in hand54/58 | €176,661 | €505,814 | €424,761 | €468,584 | ▲ 10.3% |
| Deferred charges and accrued income490/1 | €5,321 | €2,964 | €10,080 | €7,692 | ▼ 23.7% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €518,114 | €1.1m | €1.8m | €2.6m | ▲ 46.8% |
| Equity10/15 | €28,609 | €767,447 | €1.4m | €1.8m | ▲ 25.9% |
| Contributions10/11 | €1,000 | €1,000 | €1,000 | €1,000 | = |
| Profit (loss) carried forward14 | €27,609 | €766,447 | €1.4m | €1.8m | ▲ 25.9% |
| Provisions and deferred taxes16 | €83,430 | €182,540 | €222,881 | €255,415 | ▲ 14.6% |
| Provisions for liabilities and charges160/5 | €83,430 | €182,540 | €222,881 | €255,415 | ▲ 14.6% |
| Other liabilities and charges164/5 | €83,430 | €182,540 | €222,881 | €255,415 | ▲ 14.6% |
| Amounts payable17/49 | €406,075 | €175,879 | €164,841 | €608,748 | ▲ 269% |
| Amounts payable after more than one year17 | €301,889 | €2,189 | €615 | €56,177 | ▲ 9,032% |
| Financial debts170/4 | €301,889 | €2,189 | €615 | €56,177 | ▲ 9,032% |
| Amounts payable within one year42/48 | €70,639 | €133,004 | €64,384 | €435,545 | ▲ 576% |
| Trade debts44 | €5,456 | €30,056 | €34,881 | €217,248 | ▲ 523% |
| Suppliers440/4 | €5,456 | €30,056 | €34,881 | €217,248 | ▲ 523% |
| Taxes, remuneration and social security45 | €65,183 | €102,948 | €29,503 | €154,740 | ▲ 424% |
| Taxes450/3 | €20,877 | €47,034 | €29 | €28,132 | ▲ 95,652% |
| Remuneration and social security454/9 | €44,306 | €55,914 | €29,474 | €126,609 | ▲ 330% |
| Other amounts payable47/48 | - | - | - | €63,556 | - |
| Accrued charges and deferred income492/3 | €33,546 | €40,686 | €99,841 | €117,026 | ▲ 17.2% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €27,609 | €738,838 | €640,952 | €364,516 | ▼ 43.1% |
| + Depreciation and write-downs630 | €10,938 | €69,039 | €71,762 | €72,096 | ▲ 0.5% |
| Operating cash flow (approximation) | €38,547 | €807,877 | €712,715 | €436,612 | ▼ 38.7% |
| Investment in fixed assets (approximation) | - | -€250,368 | -€706,129 | -€883,702 | ▼ 25.1% |
| Change in cash | - | €329,153 | -€81,053 | €43,823 | ▲ 154% |
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
Next filing, fiscal year 2026, expected by
2026
26-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 26 days late
2025
27-05
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Liquidity doublescurrent ratio 10.08
Current ratio from 4.61 to 10.08; short-term debt falls from €133,004 to €64,384.
31-12
Financial
Equity above €1mEq €1.4m ▲83.5%
3 profitable years in a row build equity to €1.4m.
05-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2022net €738,838 ▲2,576%
Operating result €1.1m, net result €738,838, both a record.
31-12
Financial
Equity above €500,000Eq €767,447 ▲2,583%
2 profitable years in a row build equity to €767,447.
24-03
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
5 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, Gent · 1 establishment unit since 2023
Ground area
1,046 m²
Building footprint
797 m²
Volume, LiDAR
9,335 m³
Parcel 44816K0535/00G009, Flanders · tallest building 15.4 m, ±5 floors. Linked by address, not a title deed.
19
companies at this address
See who is registered here
1 establishment unit
Coeo
since 20232.350.683.053
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44816K0535/00G009 | Flanders | 1,046 m² | 1 · 797 m² | 15.4 m · 5 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.
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Of 150 companies in sector 82910 we hold annual accounts for 78. 33 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
Founded28-07-2022
Fiscal year end31-12
Activities, NACEBEL 2025
82910Office administrative, office support and other business support activities
Contact
Website
www.coeo-incasso.be
E-mail
info@coeo-incasso.be
E-invoicing
Reachable via Peppol
Peppol ID
0208:0788981865
Registered
09-10-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.