COEXPAIR DYNAMICS
ActiveCOEXPAIR DYNAMICS has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.07M and a net result of €165k. Equity is growing by ~21.4% per year across the filed fiscal years. Its solvency ranks better than 68% of 127 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
83
/ 100
Excellent▼ -11 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability40▼-7
Solvency96▼-4
Growth78=
Stability100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €170k at 30 days acceptable
Liquidity ample (current ratio 1.84 against 11.19 in 2024), and 31.1% 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+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 26
Relative position
BE, all sectors
reference
Sector 26
lower
← fewer bankruptcies
more bankruptcies →
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 · 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
68.9%
Return on assets
5.5%
Age of the figures
8 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 31-08-2026, 31 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 · 6 filingsDeviation from the deadline
2025
31 d late
2024
49 d late
2023
31 d late
2022
30 d late
2021
4 d early
2020
30 d late
← 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
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€165k▼ 22.3%
2024 · €213k
2020: €103k
2021: €118k
2022: €7k
2023: €7k
2024: €213k
2020 → 2025
Working capital
€703k▼ 36.6%
2024 · €1.11M
2020: €-25k
2021: €3k
2022: €2.00M
2023: €1.73M
2024: €1.11M
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€322k-€1.76M▲ 446%€2.17M▲ 23.3%€2.26M▲ 4.3%€2.07M▼ 8.3%
Operating result€126k-€-9k€-94k▼ 955%€68k€-147k
Net result€118k-€7k▼ 94.1%€7k▼ 2.6%€213k▲ 3,033%€165k▼ 22.3%
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €147k after €68k in 2024, the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.01M
Fixed assets
€1.47M▲ 12.7%
Current assets
€1.54M▲ 26.8%
Equity and liabilities €3.01M
Equity
€2.07M▼ 8.3%
Provisions
€96k=
Debt
€839k▲ 423%
The debt ratio rises from 6.4% to 27.9%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€1.31M▲
2024 · €1.18M
Cash flow
€1.62M▲
2024 · €1.32M
Solvency
68.9%▼
2024 · 89.8%
Current ratio
1.84▼
2024 · 11.19
Quick ratio
1.84▼
2024 · 11.19
Debt / equity
0.41▲
2024 · 0.07
ROE
8.0%▼
2024 · 9.4%
ROA
5.5%▼
2024 · 8.5%
Interest coverage
107.98▲
2024 · 63.83
Debt
€839k▲
2024 · €161k
Debt ≤ 1 year
€839k▲
2024 · €109k
Income taxes
€16k▲
2024 · €-47k
Staff costs
€475k▲
2024 · €404k
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€2.52M€3.01M▲
Fixed assets21/28€1.30M€1.47M▲
Tangible fixed assets22/27€1.30M€1.47M▲
Plant, machinery and equipment23€168k€1.45M▲
Furniture and vehicles24€1k€14k▲
Leasing and similar rights25-€3k
Assets under construction and advance payments27€1.13M-
Current assets29/58€1.22M€1.54M▲
Amounts receivable within one year40/41€1.12M€1.46M▲
Trade receivables40€941k€1.13M▲
Other amounts receivable41€184k€323k▲
Current investments50/53€0-
Cash at bank and in hand54/58€92k€85k▼
Deferred charges and accrued income490/1€0€729▲
Equity and liabilities
Total equity and liabilities10/49€2.52M€3.01M▲
Equity10/15€2.26M€2.07M▼
Contributions10/11€100k€100k=
Capital10€100k€100k=
Issued capital100€100k€100k=
Reserves13€5k€5k=
Non-distributable reserves130/1€5k€5k=
Legal reserve130€5k€5k=
Profit (loss) carried forward14€398k€525k▲
Investment grants15€1.76M€1.44M▼
Provisions and deferred taxes16€96k€96k=
Provisions for liabilities and charges160/5€96k€96k=
Other liabilities and charges164/5€96k€96k=
Amounts payable17/49€161k€839k▲
Amounts payable within one year42/48€109k€839k▲
Financial debts43-€100k
Credit institutions430/8-€100k
Trade debts44-€259k
Suppliers440/4-€259k
Taxes, remuneration and social security45€49k€69k▲
Taxes450/3€406-
Remuneration and social security454/9€48k€69k▲
Other amounts payable47/48€60k€412k▲
Accrued charges and deferred income492/3€52k-
Income statement
Code20242025
Remuneration, social security and pensions62€404k€475k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1.11M€1.45M▲
Provisions for liabilities and charges: additions (uses and reversals)635/8€96k-
Other operating charges640/8€2k€42k▲
Gross operating margin9900€1.68M€1.82M▲
Operating profit (loss)9901€68k€-147k▼
Financial income75/76B€117k€340k▲
Recurring financial income75€117k€340k▲
Financial charges65/66B€18k€12k▼
Recurring financial charges65€18k€12k▼
Profit (loss) for the period before taxes9903€166k€182k▲
Income taxes67/77€-47k€16k▲
Profit (loss) for the period9904€213k€165k▼
Profit (loss) for the period to be appropriated9905€213k€165k▼
Appropriation of the result
Profit (loss) to be appropriated9906€443k€564k▲
Profit (loss) brought forward from the previous period14P€230k€398k▲
Profit to be distributed694/7€45k€39k▼
Return on contributions (dividend)694€30k€30k=
Employees696€15k€9k▼
Social balance
Average headcount (FTE)90874.84.8=
The notes to these accounts (10 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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 31 days late
2025
18-09
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 49 days late
2024
31-12
Financial
Highest result since 2020net €213k ▲3033%
Net result €213k, the highest in the series.
31-12
Financial
Liquidity times 5current ratio 11.19
Current ratio from 2.46 to 11.19; short-term debt falls from €1.19M to €109k.
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 31 days late
2023
31-12
Financial
Weakest financial yearnet €7k ▼2.6%
Net result drops to €7k, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €2MEq €2.17M ▲23.3%
4 profitable years in a row build equity to €2.17M.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 30 days late
2022
31-12
Financial
Liquidity triplescurrent ratio 3.19
Current ratio from 1.01 to 3.19.
31-12
Financial
Equity above €1MEq €1.76M ▲446%
3 profitable years in a row build equity to €1.76M.
27-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Namur · 1 establishment unit since 2019
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.
Rue des Entrepreneurs(RH) 105020 NamurGround area
4,426 m²
Building footprint
1,190 m²
Volume, LiDAR
4,576 m³
Parcel 92120F0026/00H003, Wallonia · tallest building 9.1 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
COEXPAIR DYNAMICS
since 20192.314.254.704
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92120F0026/00H003 | Wallonia | 4,425 m² | 1 · 1,190 m² | 9.1 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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
Federal government
2023 to 2025 · 3 entries · 1,678,200 EUR in total| Year | Department | Transactions | Amount |
|---|---|---|---|
| 2025 | Defensie | 1 | 348,200 EUR |
| 2024 | Defensie | 1 | 469,400 EUR |
| 2023 | Defensie | 1 | 860,600 EUR |
Budget allocations
Investeringssteun in het kader van de essentiëleveiligheidsbelangen (EVB)
Inkomensoverdracht R&D naar bedrijven
Similar companies · same sector, comparable size
ASSEMBLICS
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N.S.I.
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Antwerpen · Eq €1.59M
Of 147 companies in sector 26200 we hold annual accounts for 85. 38 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded01-07-2019
Fiscal year end31-12
Activities, NACEBEL
26200Manufacture of computer, electronic and optical products
62030Computer programming, consultancy and related activities
62200Computer consultancy and computer facilities management
72101Research and development on biotechnology
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.