Coffeeworks
ActiveSummary
The computed 12-month bankruptcy probability of Coffeeworks is 2.0% (moderate). The 2025 annual accounts show equity of €70,991 and a net result of €21,837. Equity is growing by about 31% per year across the filed financial years. Its solvency ranks better than 35% of 22,650 sector peers (NACE 47, financial year 2025). The company has been active since 2022 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
- Equity
- €70,991
- Profit
- €21,837
Why 54raises riskFounded in 2022Last filed accounts filed 31 days late; 1 of the last 3 late1 change of registered office in 24 monthslowers riskFigures for financial year 2025 (filed 01-09-2026)Show the evidence
Checked score
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 47, micro): better than 32% on solvency, 40% on liquidity, 61% on profitability and 85% on growth.
The bankruptcy probability was computed on 30-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 3 accounts on average 30 days after the deadline; the sector median (NACE 47) for financial year 2024 is on the deadline day, and 47% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Registered officeRegistered-office move
- Highest result from 2023 to 2025net €21,837 ▲153%
Financials · financial year 2025, micro format
2025 annual accounts filed late (31 days) Filed on 31 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00477680.
2023 to 2025, 3 financial years
The operating result recovers in 2025; 2025 is 82% above 2024 and is the highest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 47, Retail trade: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 7,976 companies that looked in July 2024 the way this one looks now, 3.6% went bankrupt within 24 months and 94.4% are still going.
- Micro
- 2 to 5 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.0% 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 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 7,976 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.
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14,077 | €18,269 | €19,135 | ▲ 4.7% |
| Other operating charges640/8 | €547 | €280 | €390 | ▲ 39.3% |
| Gross operating margin9900 | €36,232 | €37,152 | €53,472 | ▲ 43.9% |
| Operating profit (loss)9901 | €21,608 | €18,603 | €33,948 | ▲ 82.5% |
| Financial income75/76B | €37 | €159 | €766 | ▲ 382% |
| Recurring financial income75 | €37 | €159 | €766 | ▲ 382% |
| Financial charges65/66B | €6,117 | €7,890 | €7,352 | ▼ 6.8% |
| Recurring financial charges65 | €6,117 | €7,890 | €7,352 | ▼ 6.8% |
| Profit (loss) for the period before taxes9903 | €15,527 | €10,872 | €27,362 | ▲ 152% |
| Income taxes67/77 | €14 | €2,231 | €5,524 | ▲ 148% |
| Profit (loss) for the period9904 | €15,513 | €8,641 | €21,837 | ▲ 153% |
| Profit (loss) for the period to be appropriated9905 | €15,513 | €8,641 | €21,837 | ▲ 153% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €405,503 | €437,391 | €433,004 | ▼ 1.0% |
| Formation expenses20 | €933 | €700 | €467 | ▼ 33.3% |
| Fixed assets21/28 | €247,594 | €236,057 | €223,756 | ▼ 5.2% |
| Intangible fixed assets21 | €27,000 | €24,000 | €21,000 | ▼ 12.5% |
| Tangible fixed assets22/27 | €220,594 | €212,057 | €202,756 | ▼ 4.4% |
| Land and buildings22 | €189,605 | €181,823 | €174,041 | ▼ 4.3% |
| Plant, machinery and equipment23 | €4,955 | €10,722 | €14,788 | ▲ 37.9% |
| Furniture and vehicles24 | €26,034 | €19,512 | €13,927 | ▼ 28.6% |
| Current assets29/58 | €156,976 | €200,635 | €208,782 | ▲ 4.1% |
| Stocks and contracts in progress3 | €22,500 | €32,000 | €33,500 | ▲ 4.7% |
| Stocks30/36 | €22,500 | €32,000 | €33,500 | ▲ 4.7% |
| Amounts receivable within one year40/41 | €115,944 | €107,417 | €126,050 | ▲ 17.3% |
| Trade receivables40 | €90,896 | €99,385 | €123,282 | ▲ 24.0% |
| Other amounts receivable41 | €25,048 | €8,032 | €2,769 | ▼ 65.5% |
| Cash at bank and in hand54/58 | €18,331 | €60,816 | €47,321 | ▼ 22.2% |
| Deferred charges and accrued income490/1 | €201 | €402 | €1,911 | ▲ 376% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €405,503 | €437,391 | €433,004 | ▼ 1.0% |
| Equity10/15 | €40,513 | €49,154 | €70,991 | ▲ 44.4% |
| Contributions10/11 | €25,000 | €25,000 | €25,000 | = |
| Profit (loss) carried forward14 | €15,513 | €24,154 | €45,991 | ▲ 90.4% |
| Amounts payable17/49 | €364,990 | €388,237 | €362,013 | ▼ 6.8% |
| Amounts payable after more than one year17 | €179,936 | €168,033 | €155,586 | ▼ 7.4% |
| Financial debts170/4 | €179,936 | €168,033 | €155,586 | ▼ 7.4% |
| Amounts payable within one year42/48 | €175,445 | €213,647 | €193,249 | ▼ 9.5% |
| Current portion of amounts payable after more than one year42 | €11,383 | €11,903 | €12,447 | ▲ 4.6% |
| Trade debts44 | €30,711 | €73,612 | €60,189 | ▼ 18.2% |
| Suppliers440/4 | €30,711 | €73,612 | €60,189 | ▼ 18.2% |
| Taxes, remuneration and social security45 | €14 | €14 | €8,202 | ▲ 588× |
| Taxes450/3 | €14 | €14 | €8,202 | ▲ 588× |
| Other amounts payable47/48 | €133,338 | €128,119 | €112,411 | ▼ 12.3% |
| Accrued charges and deferred income492/3 | €9,608 | €6,557 | €13,178 | ▲ 101% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €15,513 | €8,641 | €21,837 | ▲ 153% |
| + Depreciation and write-downs630 | €14,077 | €18,269 | €19,135 | ▲ 4.7% |
| Operating cash flow (approximation) | €29,591 | €26,910 | €40,972 | ▲ 52.3% |
| Investment in fixed assets (approximation) | - | -€6,732 | -€6,834 | ▼ 1.5% |
| Change in cash | - | €42,485 | -€13,495 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (3)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 31-08-2026 | 2026-00477680 |
| 31-12-2024 | micro format | 30-08-2025 | 2025-00475116 |
| 31-12-2023 | micro format | 30-08-2024 | 2024-00446314 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| VAN DER BORGHT Harold William Leopold Albert Emiel |
|
Owners and capital
Capital and shareholders
- VAN DER BORGHT Harold William Leopold Albert Emiel 1,000 shares (100%) · €25,000
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
- 27-12-2022 Incorporation · €25,000 · 1,000 shares
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Coffeeworks was incorporated on 22 December 2022 as a private limited company by one natural person, with a starting capital of €25,000.12 The registered office was moved to Torhout in 2026.3 Since 2022, VAN DER BORGHT Harold William Leopold Albert Emiel has served as director of the company.2 Total assets went from €405,503 in 2023 to €433,004 in 2025.4
Acts, filings and financial milestones
28-01
Gazette deed
Registered officeRegistered-office move2 facts ▸
- Board meeting, 12-11-2025
- Registered-office move, Industrielaan 33 L,8820 Torhout
27-12
Gazette deed
IncorporationAppointment: VAN DER BORGHT Harold William Leopold Albert Emiel (director) · Founder · Founding capital9 facts ▸
- Founder, VAN DER BORGHT Harold William Leopold Albert Emiel
- Incorporation, 22-12-2022
- Founding capital, €25,000
- Bank account, 25000, “vennootschap in oprichting” (deed in Dutch)
- Other provision, “beschikking over gestort bedrag”, 25000 (deed in Dutch)
- Registered office clause, “8020 Oostkamp,Wollestraat 30” (deed in Dutch)
- Board rule, 1
- Director appointment, VAN DER BORGHT Harold William Leopold Albert Emiel (director (not named in the articles))
- Pre-incorporation commitments
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
2 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 31522B0506/00S000 | Flanders | 1,282 m² | - | - |
| 31022C0968/00B000 | Flanders | 921 m² | 1 · 176 m² | 5.2 m · 1 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “De aan- en verkoop, groot- en kleinhandel, huur en verhuur, leasing, plaatsing, onderhoud en herstel van koffiemachines, automaten…” (deed in Dutch)
10 activities (deed in Dutch)
- De aan- en verkoop, groot- en kleinhandel, huur en verhuur, leasing, plaatsing, onderhoud en herstel van koffiemachines, automaten, ijsmachines, vaatwasmachines, groot keukenmateriaal, kookvuren, werktafels, fruitpersen, vendingapparatuur, koffiemolens en, meer algemeen, alle apparatuur in dat verband, gebruikt in de horecasector
- De aan- en verkoop van wisselstukken en onderhoudsproducten die nodig zijn bij koffiemachines, automaten, ijsmachines, vaatwasmachines, groot keukenmateriaal, kookvuren, werktafels, fruitpersen, vendingapparatuur, koffiemolens en, meer algemeen, alle apparatuur in dat verband, gebruikt in de horecasector
- De aan- en verkoop, groot- en kleinhandel van koffie, koffiebonen, thee, ingrediënten en andere dranken, alsook alle aanverwante producten
- Het ontwerpen, bouwen, inrichten, uitbaten, kopen en verkopen, huren en verhuren, alsook leasen, van foodtrucks of verplaatsbare kramen voor culinaire manifestaties, feestlocaties, bedrijfsfeesten, privéfeesten, vergader- en tentoonstellingsruimten, seminaries, conferenties en andere bijeenkomsten of plechtigheden
- Het analyseren, behandelen, aanpassen, verbeteren en/of zuiveren van water
- Het uitoefenen van een leidinggevende of adviesfunctie binnen een onderneming of organisatie
- Het ter beschikking stellen van management; het voeren van bedrijfsmanagement in de meest ruime zin van het woord, daarin begrepen het uitoefenen van de functie van bestuurder of vereffenaar van vennootschappen. Dit alles voor alle handels-, nijverheids- of andere ondernemingen, bestaande onder om het even welke vorm, en dit zonder enige beperking.
- Het verlenen van bijstand en hulp onder hun meest verscheidene vormen aan derden, en dit op het vlak van organisatie, informatisering, enzovoort; het verlenen van adviezen en intellectuele hulp en administratieve hulp, het uitvoeren in verband met hetgeen voorafgaat, van concrete projecten, opleidingen en trainingen, het dienstbetoon inzake organisatie en toepassing van de meest verscheidene wetgevingen.
- Het aanleggen, oordeelkundig uitbouwen en beheren van een onroerend vermogen, alle verrichtingen met betrekking tot onroerende goederen en onroerende zakelijke rechten zoals de huurfinanciering van onroerende goederen aan derden, onroerende leasing, het aankopen, verkopen, ruilen, bouwen, verbouwen, onderhouden, verhuren, huren, verkavelen, prospecteren en uitbaten van onroerende goederen; de vennootschap mag tevens de bedrijvigheden coördineren die betrekking hebben op de gehele en gedeeltelijke uitvoering van voltooiingwerken door onderaannemers
- Het aanleggen, oordeelkundig uitbouwen en beheren van een roerend vermogen, alle verrichtingen met betrekking tot roerende goederen en rechten, van welke aard ook, zoals het verwerven door inschrijving of aankoop en het beheren van aandelen, obligaties, kasbons of andere roerende waarden, van welke vorm ook, van Belgische of buitenlandse, bestaande of nog op te richten rechtspersonen en ondernemingen.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- Coffeeworks
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest, overbrenging naar om het even welke plaats in het tweetalig gebied Brussel Hoofdstad of in het Nederlands taalgebied door…” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Each director alone“Het bestuursorgaan mag bijzondere volmachten verlenen aan één of meer personen. De vennootschap wordt geldig vertegenwoordigd door deze…”
Full text
Het bestuursorgaan mag bijzondere volmachten verlenen aan één of meer personen. De vennootschap wordt geldig vertegenwoordigd door deze bijzondere volmachtdragers binnen de grenzen van hun volmacht. Wanneer de vennootschap optreedt als bestuurder van andere vennootschappen, wordt de vennootschap enkel rechtsgeldig vertegenwoordigd door de vaste vertegenwoordiger die alleen handelt. Vergoeding van de bestuurders Het mandaat van de bestuurder(s) is onbezoldigd tenzij de algemene vergadering er anders over beslist.
- Board ruleHow the board is made up, meets and takes decisions.
- “Bestuursorgaan, natuurlijke personen of rechtspersonen,al dan niet aandeelhouder” (deed in Dutch)“Zonder opzeggingstermijn, ad nutum bij besluit algemene vergadering” (deed in Dutch)2 more provisions on this in the deed
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- 15 June at 15:00
Oversight and winding up
- Statutory auditorA statutory auditor is a registered auditor who checks the accounts; small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor