COËX
ActiveSummary
COËX has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €209k and a net result of €57k. Equity is growing by ~12.3% per year across the filed fiscal years. Its solvency ranks better than 66% of 394 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability92▲+17
Solvency94▲+5
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €17k at 30 days acceptable
Liquidity ample (current ratio 4.51 against 3.18 in 2024; short-term debt: 18.3% and cash: 13.3% of total assets), and 31.4% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
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
68.6%
Return on assets
18.7%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 20-04-2026, 102 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
102 d early
2024
27 d late
2023
28 d late
2022
31 d late
2021
31 d late
2020
27 d late
2019
90 d late
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€209k▲ 7.3%
2024 · €195k
Total assets
€304k=
2024 · €304k
Net result
€57k▲ 259%
2024 · €16k
Working capital
€196k▼ 3.2%
2024 · €202k
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
Line20212022202320242025
Operating result€91k▲ 61.9%€46k▼ 49.6%€62k▲ 35.5%€23k▼ 63.1%€81k▲ 253%
Net result€63k▲ 59.8%€31k▼ 49.7%€43k▲ 35.6%€16k▼ 63.0%€57k▲ 259%
Equity€186k▲ 43.9%€208k▲ 11.9%€234k▲ 12.5%€195k▼ 17.0%€209k▲ 7.3%
Total assets€309k▲ 53.2%€294k▼ 5.0%€324k▲ 10.2%€304k▼ 6.0%€304k=
Debt€123k▲ 69.9%€85k▼ 30.6%€89k▲ 4.7%€110k▲ 23.0%€96k▼ 13.0%
Working capital€186k▲ 44.1%€204k▲ 10.0%€231k▲ 12.9%€202k▼ 12.2%€196k▼ 3.2%
Staff (FTE)1.2=1.4▲ 16.7%1.1▼ 21.4%1.1=1▼ 9.1%
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 2025; 2025 is 253% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €304k
Fixed assets
€53k ▲ 483%
Current assets
€252k ▼ 14.8%
Equity and liabilities €304k
Equity
€209k ▲ 7.3%
Debt
€96k ▼ 13.0%
Debt's share of the balance-sheet total falls from 36.1% to 31.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€92k▲
2024 · €29k
Cash flow
€68k▲
2024 · €22k
Current ratio
4.51▲
2024 · 3.18
Quick ratio
4.21▲
2024 · 2.97
Debt to equity
0.46▼
2024 · 0.56
ROE
27.2%▲
2024 · 8.1%
ROA
18.7%▲
2024 · 5.2%
Interest coverage
59.56▼
2024 · 74.61
Debt ≤ 1 year
€56k▼
2024 · €93k
Debt > 1 year
€39k
Income taxes
€23k▲
2024 · €8k
Staff costs
€59k▼
2024 · €62k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €55k | €69k | €63k | €62k | €59k | ▼ 4.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7k | €8k | €10k | €6k | €11k | ▲ 90.6% |
| Other operating charges640/8 | €2k | €2k | €2k | €1k | €2k | ▲ 47.8% |
| Gross operating margin9900 | €156k | €126k | €137k | €92k | €153k | ▲ 66.5% |
| Operating profit (loss)9901 | €91k | €46k | €62k | €23k | €81k | ▲ 253% |
| Financial income75/76B | €708 | €247 | €187 | €700 | €248 | ▼ 64.6% |
| Recurring financial income75 | €708 | €247 | €187 | €700 | €248 | ▼ 64.6% |
| Financial charges65/66B | €2k | €1k | €1k | €386 | €2k | ▲ 302% |
| Recurring financial charges65 | €2k | €1k | €1k | €386 | €2k | ▲ 302% |
| Profit (loss) for the period before taxes9903 | €90k | €45k | €61k | €23k | €80k | ▲ 243% |
| Income taxes67/77 | €27k | €13k | €19k | €8k | €23k | ▲ 208% |
| Profit (loss) for the period9904 | €63k | €31k | €43k | €16k | €57k | ▲ 259% |
| Transfer from tax-exempt reserves789 | €7k | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €69k | €31k | €43k | €16k | €57k | ▲ 259% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €309k | €294k | €324k | €304k | €304k | = |
| Fixed assets21/28 | €16k | €17k | €15k | €9k | €53k | ▲ 483% |
| Tangible fixed assets22/27 | €15k | €16k | €14k | €8k | €52k | ▲ 546% |
| Plant, machinery and equipment23 | €1k | €463 | €2k | €2k | €1k | ▼ 27.2% |
| Furniture and vehicles24 | - | €7k | €9k | €5k | €50k | ▲ 896% |
| Other tangible fixed assets26 | €14k | €8k | €2k | €1k | €770 | ▼ 39.7% |
| Financial fixed assets28 | €1k | €1k | €1k | €1k | €1k | = |
| Current assets29/58 | €293k | €277k | €309k | €295k | €252k | ▼ 14.8% |
| Amounts receivable after more than one year29 | €12k | €14k | €14k | €14k | €0 | ▼ 100% |
| Other amounts receivable291 | €12k | €14k | €14k | €14k | €0 | ▼ 100% |
| Stocks and contracts in progress3 | €25k | €29k | €28k | €19k | €17k | ▼ 13.9% |
| Stocks30/36 | €25k | €29k | €28k | €19k | €17k | ▼ 13.9% |
| Amounts receivable within one year40/41 | €96k | €65k | €97k | €84k | €104k | ▲ 23.5% |
| Trade receivables40 | €65k | €47k | €86k | €67k | €94k | ▲ 40.0% |
| Other amounts receivable41 | €31k | €18k | €11k | €17k | €10k | ▼ 40.8% |
| Current investments50/53 | €7k | €19k | €58k | €83k | €86k | ▲ 3.6% |
| Cash at bank and in hand54/58 | €131k | €131k | €100k | €86k | €40k | ▼ 52.9% |
| Deferred charges and accrued income490/1 | €22k | €19k | €13k | €9k | €5k | ▼ 45.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €309k | €294k | €324k | €304k | €304k | = |
| Equity10/15 | €186k | €208k | €234k | €195k | €209k | ▲ 7.3% |
| Contributions10/11 | €19k | €19k | €19k | €100 | €100 | = |
| Reserves13 | €168k | €190k | €216k | €194k | €209k | ▲ 7.3% |
| Tax-exempt reserves132 | €7k | €7k | €7k | €7k | €7k | = |
| Distributable reserves133 | €161k | €183k | €209k | €188k | €202k | ▲ 7.6% |
| Profit (loss) carried forward14 | - | - | €0 | €0 | €0 | - |
| Amounts payable17/49 | €123k | €85k | €89k | €110k | €96k | ▼ 13.0% |
| Amounts payable after more than one year17 | €14k | €7k | €0 | - | €39k | - |
| Financial debts170/4 | €14k | €7k | €0 | - | €39k | - |
| Amounts payable within one year42/48 | €107k | €73k | €78k | €93k | €56k | ▼ 40.1% |
| Current portion of amounts payable after more than one year42 | €7k | €7k | €7k | €0 | €10k | - |
| Financial debts43 | €5k | €5k | €5k | €0 | - | - |
| Credit institutions430/8 | €5k | €5k | €5k | €0 | - | - |
| Other loans439 | - | - | €0 | - | - | - |
| Trade debts44 | €70k | €36k | €45k | €42k | €13k | ▼ 69.7% |
| Suppliers440/4 | €70k | €36k | €45k | €42k | €13k | ▼ 69.7% |
| Advances received on contracts in progress46 | €125 | €125 | €0 | - | - | - |
| Taxes, remuneration and social security45 | €19k | €19k | €12k | €13k | €12k | ▼ 6.7% |
| Taxes450/3 | €14k | €14k | €6k | €5k | €3k | ▼ 48.8% |
| Remuneration and social security454/9 | €6k | €5k | €6k | €8k | €10k | ▲ 19.3% |
| Other amounts payable47/48 | €6k | €6k | €10k | €38k | €20k | ▼ 46.0% |
| Accrued charges and deferred income492/3 | €1k | €5k | €11k | €17k | €1k | ▼ 92.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €63k | €31k | €43k | €16k | €57k | ▲ 259% |
| + Depreciation and write-downs630 | €7k | €8k | €10k | €6k | €11k | ▲ 90.6% |
| Operating cash flow (approximation) | €70k | €40k | €53k | €22k | €68k | ▲ 214% |
| Investment in fixed assets (approximation) | - | €-9k | €-8k | €0 | €-55k | - |
| Change in cash | - | €280 | €-31k | €-14k | €-45k | ▼ 224% |
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
20-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Equity above €200kEq €209k ▲7.3%
8 profitable years in a row build equity to €209k.
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
2024
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Equity above €200kEq €208k ▲11.9%
5 profitable years in a row build equity to €208k.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Highest result since 2018net €63k ▲59.8%
Operating result €91k, net result €63k, both a record.
31-12
Financial
Equity above €150kEq €186k ▲43.9%
4 profitable years in a row build equity to €186k.
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 27 days late
2020
31-12
Financial
Equity above €100kEq €129k ▲40.5%
3 profitable years in a row build equity to €129k.
29-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 90 days late
Show earlier events
2019
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 26 days late
2018
19-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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, Sint-Gillis-Waas · 1 establishment unit since 2005
Ground area
958 m²
Building footprint
177 m²
Volume, LiDAR
935 m³
Parcel 46020C0503/00C000, Flanders · tallest building 9.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
COËX BVBA
since 20052.145.374.932
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46020C0503/00C000 | Flanders | 958 m² | 1 · 177 m² | 9.0 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.
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 51 EUR awarded| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 51 EUR | 0 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Similar companies · same sector, comparable size
GEMA COOL
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BUSSCHAERT KOELTECHNIEK
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CLIM-ECO
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LG MONTAGE ET CONSTRUCTION
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Of 461 companies in sector 28250 we hold annual accounts for 286. 222 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
Founded10-12-2004
Fiscal year end31-12
Activities, NACEBEL 2025
28250Manufacture of machinery and equipment not elsewhere classified
Contact
Website
www.coexcool.be
E-mail
kurt.van.streydonck@telenet.be
Phone
0473.39.43.98
Website
www.coex-koeltechniek.beSint-Gillis-Waas
E-mail
info@coexcool.beSint-Gillis-Waas
Scores and ratios are computed by Checked and are not a credit decision.