COEXIN
ActiveSummary
COEXIN has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €154,862 and a net result of €44,459. Equity remains stable across the filed fiscal years (±0.2% per year). Its solvency ranks better than 61% of 9557 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability92▲+6
Solvency90▼-10
Growth58▼-20
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13,000 at 30 days acceptable
Liquidity ample (current ratio 2.34 against 3.82 in 2024; short-term debt: 35.1% and cash: 37.6% of total assets), and 35.1% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer bankruptcies
← 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
64.9%
Return on assets
18.6%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 09-09-2026, 40 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
40 d late
2024
25 d early
2023
24 d early
2022
40 d late
2021
34 d early
2020
9 d early
2019
57 d late
← 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 6 days after the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 33% 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
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€154,862▼ 17.8%
2024 · €188,493
Total assets
€238,578▲ 2.9%
2024 · €231,954
Net result
€44,459▲ 40.5%
2024 · €31,647
Working capital
€111,914▼ 8.6%
2024 · €122,392
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€51,780▲ 37.6%€22,694▼ 56.2%€15,221▼ 32.9%€46,664▲ 207%€56,247▲ 20.5%
Net result€34,148within the sector's middle half▲ 16.7%€14,659within the sector's middle half▼ 57.1%€9,696within the sector's middle half▼ 33.9%€31,647within the sector's middle half▲ 226%€44,459above the sector's middle half▲ 40.5%
Equity€187,136above the sector's middle half▼ 12.3%€187,895above the sector's middle half▲ 0.4%€180,990above the sector's middle half▼ 3.7%€188,493above the sector's middle half▲ 4.1%€154,862within the sector's middle half▼ 17.8%
Total assets€269,885within the sector's middle half▲ 21.6%€215,679within the sector's middle half▼ 20.1%€207,750within the sector's middle half▼ 3.7%€231,954within the sector's middle half▲ 11.7%€238,578within the sector's middle half▲ 2.9%
Debt€82,750▲ 848%€27,784▼ 66.4%€26,760▼ 3.7%€43,462▲ 62.4%€83,716▲ 92.6%
Working capital€44,870within the sector's middle half▼ 5.0%€73,634within the sector's middle half▲ 64.1%€90,638within the sector's middle half▲ 23.1%€122,392above the sector's middle half▲ 35.0%€111,914above the sector's middle half▼ 8.6%
Solvency69.3%within the sector's middle half▼ 26.7pp87.1%above the sector's middle half▲ 17.8pp87.1%above the sector's middle half=81.3%above the sector's middle half▼ 5.9pp64.9%within the sector's middle half▼ 16.4pp
Current ratio1.54within the sector's middle half▼ 4.873.65within the sector's middle half▲ 2.114.39above the sector's middle half▲ 0.743.82within the sector's middle half▼ 0.572.34within the sector's middle half▼ 1.48
Return on assets (ROA)12.7%within the sector's middle half▼ 0.5pp6.8%within the sector's middle half▼ 5.9pp4.7%within the sector's middle half▼ 2.1pp13.6%within the sector's middle half▲ 9.0pp18.6%within the sector's middle half▲ 5.0pp
Staff (FTE)2.1=2▼ 4.8%2.1▲ 5.0%1.1▼ 47.6%2▲ 81.8%
above
within
below
the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the 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 21% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €238,578
Fixed assets
€42,947 ▼ 35.0%
Current assets
€195,631 ▲ 18.0%
Equity and liabilities €238,578
Equity
€154,862 ▼ 17.8%
Debt
€83,716 ▲ 92.6%
Debt's share of the balance-sheet total rises from 18.7% to 35.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€81,085▲
2024 · €72,401
Cash flow
€69,297▲
2024 · €57,385
Quick ratio
2.17▼
2024 · 3.27
Debt to equity
0.54▲
2024 · 0.23
ROE
28.7%▲
2024 · 16.8%
Interest coverage
35.22▼
2024 · 243.05
Debt ≤ 1 year
€83,716▲
2024 · €43,462
Income taxes
€15,959▲
2024 · €15,540
Staff costs
€31,667▼
2024 · €59,635
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,679 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
3.8%
stopped otherwise
95%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 34,679 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €69,060 | €72,638 | €85,527 | €59,635 | €31,667 | ▼ 46.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €34,162 | €28,005 | €25,845 | €25,737 | €24,837 | ▼ 3.5% |
| Other operating charges640/8 | €2,678 | €1,764 | €3,974 | €3,765 | €8,224 | ▲ 118% |
| Gross operating margin9900 | €157,680 | €125,100 | €130,567 | €135,800 | €120,976 | ▼ 10.9% |
| Operating profit (loss)9901 | €51,780 | €22,694 | €15,221 | €46,664 | €56,247 | ▲ 20.5% |
| Financial income75/76B | €610 | €600 | €622 | €822 | €6,473 | ▲ 688% |
| Recurring financial income75 | €610 | €600 | €622 | €822 | €6,473 | ▲ 688% |
| Financial charges65/66B | €236 | €231 | €267 | €298 | €2,302 | ▲ 673% |
| Recurring financial charges65 | €236 | €231 | €267 | €298 | €2,302 | ▲ 673% |
| Profit (loss) for the period before taxes9903 | €52,154 | €23,063 | €15,576 | €47,188 | €60,418 | ▲ 28.0% |
| Income taxes67/77 | €18,006 | €8,404 | €5,880 | €15,540 | €15,959 | ▲ 2.7% |
| Profit (loss) for the period9904 | €34,148 | €14,659 | €9,696 | €31,647 | €44,459 | ▲ 40.5% |
| Profit (loss) for the period to be appropriated9905 | €34,148 | €14,659 | €9,696 | €31,647 | €44,459 | ▲ 40.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €269,885 | €215,679 | €207,750 | €231,954 | €238,578 | ▲ 2.9% |
| Fixed assets21/28 | €142,265 | €114,260 | €90,352 | €66,101 | €42,947 | ▼ 35.0% |
| Tangible fixed assets22/27 | €138,605 | €110,600 | €86,692 | €62,441 | €39,287 | ▼ 37.1% |
| Plant, machinery and equipment23 | €135,777 | €110,290 | €85,212 | €61,606 | €37,499 | ▼ 39.1% |
| Furniture and vehicles24 | €2,829 | €311 | €1,480 | €835 | €1,789 | ▲ 114% |
| Financial fixed assets28 | €3,660 | €3,660 | €3,660 | €3,660 | €3,660 | = |
| Current assets29/58 | €127,620 | €101,418 | €117,398 | €165,854 | €195,631 | ▲ 18.0% |
| Stocks and contracts in progress3 | €34,735 | €33,725 | €30,134 | €23,786 | €14,289 | ▼ 39.9% |
| Stocks30/36 | €34,735 | €33,725 | €30,134 | €23,786 | €14,289 | ▼ 39.9% |
| Amounts receivable within one year40/41 | €10,702 | €10,040 | €16,467 | €11,388 | €8,364 | ▼ 26.6% |
| Trade receivables40 | €4,905 | €2,778 | €2,288 | €1,707 | €2,492 | ▲ 46.0% |
| Other amounts receivable41 | €5,797 | €7,262 | €14,179 | €9,681 | €5,871 | ▼ 39.4% |
| Current investments50/53 | - | - | - | - | €80,009 | - |
| Cash at bank and in hand54/58 | €79,408 | €57,171 | €70,001 | €127,343 | €89,748 | ▼ 29.5% |
| Deferred charges and accrued income490/1 | €2,775 | €483 | €796 | €3,337 | €3,221 | ▼ 3.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €269,885 | €215,679 | €207,750 | €231,954 | €238,578 | ▲ 2.9% |
| Equity10/15 | €187,136 | €187,895 | €180,990 | €188,493 | €154,862 | ▼ 17.8% |
| Contributions10/11 | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €152,601 | €153,701 | €147,396 | €155,498 | €122,458 | ▼ 21.2% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | - | - | - | - |
| Distributable reserves133 | €150,741 | €151,841 | €147,396 | €155,498 | €122,458 | ▼ 21.2% |
| Profit (loss) carried forward14 | €18,535 | €18,794 | €18,794 | €18,794 | €18,804 | = |
| Investment grants15 | €3,600 | €3,000 | €2,400 | €1,800 | €1,200 | ▼ 33.3% |
| Amounts payable17/49 | €82,750 | €27,784 | €26,760 | €43,462 | €83,716 | ▲ 92.6% |
| Amounts payable within one year42/48 | €82,750 | €27,784 | €26,760 | €43,462 | €83,716 | ▲ 92.6% |
| Trade debts44 | €2,785 | €2,745 | €3,805 | €1,527 | €2,774 | ▲ 81.6% |
| Suppliers440/4 | €2,785 | €2,745 | €3,805 | €1,527 | €2,774 | ▲ 81.6% |
| Taxes, remuneration and social security45 | €12,546 | €10,451 | €5,627 | €1,069 | €506 | ▼ 52.7% |
| Taxes450/3 | €8,053 | €8,093 | €1,425 | €1,023 | €452 | ▼ 55.9% |
| Remuneration and social security454/9 | €4,493 | €2,357 | €4,202 | €46 | €54 | ▲ 18.9% |
| Other amounts payable47/48 | €67,418 | €14,588 | €17,328 | €40,865 | €80,437 | ▲ 96.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €34,148 | €14,659 | €9,696 | €31,647 | €44,459 | ▲ 40.5% |
| + Depreciation and write-downs630 | €34,162 | €28,005 | €25,845 | €25,737 | €24,837 | ▼ 3.5% |
| Operating cash flow (approximation) | €68,310 | €42,664 | €35,540 | €57,385 | €69,297 | ▲ 20.8% |
| Investment in fixed assets (approximation) | - | €0 | -€1,936 | -€1,486 | -€1,684 | ▼ 13.3% |
| Change in cash | - | -€22,237 | €12,831 | €57,342 | -€37,595 | ▼ 166% |
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
09-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 40 days late
2025
31-12
Financial
Highest result since 2018net €44,459 ▲40.5%
Operating result €56,247, net result €44,459, both a record.
06-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
07-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €9,696 ▼33.9%
Net result drops to €9,696, the lowest in the series; recovery starts the following year.
09-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 40 days late
2022
31-12
Financial
Liquidity doublescurrent ratio 3.65
Current ratio from 1.54 to 3.65; short-term debt falls from €82,750 to €27,784.
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
22-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Liquidity times 6current ratio 6.41
Current ratio from 1.09 to 6.41; short-term debt falls from €43,662 to €8,732.
31-12
Financial
Equity above €200,000Eq €213,270 ▲15.5%
3 profitable years in a row build equity to €213,270.
26-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 57 days late
Show earlier events
2019
08-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
11-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Mons · 3 establishment units since 2015
Ground area
340 m²
Building footprint
231 m²
Volume, LiDAR
3,195 m³
3 parcels, Wallonia · tallest building 16.8 m, ±5 floors. Linked by address, not a title deed.
3 establishment units
COEXIN
since 20152.259.353.890
Le cours du Malt
since 20172.271.191.157
Le Cours du Malt
since 20172.271.191.256
3 parcels
Wallonia
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 53053D0222/00N010 | Wallonia | 165 m² | 1 · 54 m² | 12.8 m · 4 fl. |
| 53403E0859/00W000 | Wallonia | 110 m² | 1 · 118 m² | 16.8 m · 5 fl. |
| 53403E0906/00H000indicative | Wallonia | 65 m² | 1 · 59 m² | 15.9 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
2 of 3 parcels 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
2 sitesMons2.271.191.157
Mons2.271.191.256
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Of 11,577 companies in sector 71121 we hold annual accounts for 6,570. 5,224 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
Founded17-04-2009
Fiscal year end31-12
Activities, NACEBEL 2025
11050Manufacture of beer
71121Engineering and related technical consultancy, excluding land surveyors
46643Wholesale of electrical equipment, including installation materials
46645Wholesale trade
46647Wholesale trade
46649Wholesale of other machinery and equipment
70200Business and other management consultancy
Contact
E-mail
coexin@msm.comMons
Phone
0473/705721Mons
E-invoicing
Reachable via Peppol
Peppol ID
0208:0811289588
Also
9925:BE0811289588
Registered
18-12-2025
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.