COHERENCE
ActiveSummary
COHERENCE has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €503,872 and a net result of €211,438. Equity is growing by ~21.7% per year across the filed fiscal years. Its solvency ranks better than 78% of 1061 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency90▲+31
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40,000 at 30 days acceptable
Liquidity ample (current ratio 2.2 against 1.23 in 2024; short-term debt: 32.1% and cash: 20.6% of total assets), and 34.8% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
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
65.2%
Return on assets
27.3%
Age of the figures
9 mo
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
neutral · A punctual record breaks
This company filed 5 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 10 filingsDeviation from the deadline
2025
31 d late
2024
112 d early
2023
15 d early
2022
on the day
2021
27 d early
2020
9 d early
2019
25 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 15 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 48% 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
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file What other support did companies like this one receive, and it did not?Subsidy mirror How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
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Financials · fiscal year 2025, abbreviated schema
Equity
€503,872▲ 72.3%
2024 · €292,434
Total assets
€773,290▼ 10.5%
2024 · €864,472
Net result
€211,438▼ 14.0%
2024 · €245,861
Working capital
€298,342▲ 143%
2024 · €122,786
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€312,286▲ 137%€423,296▲ 35.5%€297,944▼ 29.6%€336,369▲ 12.9%€288,174▼ 14.3%
Net result€238,309▲ 134%€326,762▲ 37.1%€220,370▼ 32.6%€245,861▲ 11.6%€211,438▼ 14.0%
Equity€318,558▲ 76.7%€645,320▲ 103%€346,572▼ 46.3%€292,434▼ 15.6%€503,872▲ 72.3%
Total assets€392,686▲ 48.6%€819,038▲ 109%€727,684▼ 11.2%€864,472▲ 18.8%€773,290▼ 10.5%
Debt€74,128▼ 11.8%€173,718▲ 134%€381,112▲ 119%€572,038▲ 50.1%€269,419▼ 52.9%
Working capital€242,798▲ 122%€506,203▲ 108%€153,795▼ 69.6%€122,786▼ 20.2%€298,342▲ 143%
Staff (FTE)000
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 14% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €773,290
Fixed assets
€226,684 ▲ 8.9%
Current assets
€546,606 ▼ 16.7%
Equity and liabilities €773,290
Equity
€503,872 ▲ 72.3%
Debt
€269,419 ▼ 52.9%
Debt's share of the balance-sheet total falls from 66.2% to 34.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€311,349▼
2024 · €360,365
Cash flow
€234,613▼
2024 · €269,858
Current ratio
2.20▲
2024 · 1.23
Debt to equity
0.53▼
2024 · 1.96
ROE
42.0%▼
2024 · 84.1%
ROA
27.3%▼
2024 · 28.4%
Interest coverage
73.77▲
2024 · 49.45
Debt ≤ 1 year
€248,264▼
2024 · €533,558
Income taxes
€74,811▼
2024 · €85,560
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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €1,653 | €0 | - | €17,500 | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €24,072 | €25,261 | €30,200 | €23,996 | €23,175 | ▼ 3.4% |
| Other operating charges640/8 | €916 | €1,169 | €937 | €1,021 | €507 | ▼ 50.3% |
| Non-recurring operating charges66A | - | - | - | - | €10,026 | - |
| Gross operating margin9900 | €337,275 | €449,726 | €329,082 | €361,386 | €321,883 | ▼ 10.9% |
| Operating profit (loss)9901 | €312,286 | €423,296 | €297,944 | €336,369 | €288,174 | ▼ 14.3% |
| Financial income75/76B | €660 | €3,695 | €4,448 | €2,340 | €2,295 | ▼ 1.9% |
| Recurring financial income75 | €660 | €3,695 | €4,448 | €2,340 | €2,295 | ▼ 1.9% |
| Financial charges65/66B | €846 | €1,337 | €914 | €7,287 | €4,221 | ▼ 42.1% |
| Recurring financial charges65 | €846 | €1,337 | €914 | €7,287 | €4,221 | ▼ 42.1% |
| Profit (loss) for the period before taxes9903 | €312,100 | €425,654 | €301,479 | €331,422 | €286,249 | ▼ 13.6% |
| Income taxes67/77 | €73,791 | €98,892 | €81,109 | €85,560 | €74,811 | ▼ 12.6% |
| Profit (loss) for the period9904 | €238,309 | €326,762 | €220,370 | €245,861 | €211,438 | ▼ 14.0% |
| Transfer from tax-exempt reserves789 | €0 | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €238,309 | €326,762 | €220,370 | €245,861 | €211,438 | ▼ 14.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €392,686 | €819,038 | €727,684 | €864,472 | €773,290 | ▼ 10.5% |
| Fixed assets21/28 | €75,760 | €139,117 | €192,777 | €208,128 | €226,684 | ▲ 8.9% |
| Intangible fixed assets21 | €0 | - | - | - | €14,857 | - |
| Tangible fixed assets22/27 | €74,935 | €139,117 | €175,277 | €173,128 | €156,827 | ▼ 9.4% |
| Land and buildings22 | €17,914 | €88,055 | €138,110 | €140,245 | €133,922 | ▼ 4.5% |
| Plant, machinery and equipment23 | €18,104 | €16,793 | €12,384 | €16,486 | €12,997 | ▼ 21.2% |
| Furniture and vehicles24 | €20,125 | €21,261 | €17,559 | €11,141 | €6,454 | ▼ 42.1% |
| Other tangible fixed assets26 | €18,792 | €13,008 | €7,224 | €5,257 | €3,455 | ▼ 34.3% |
| Financial fixed assets28 | €825 | €0 | €17,500 | €35,000 | €55,000 | ▲ 57.1% |
| Current assets29/58 | €316,926 | €679,921 | €534,907 | €656,344 | €546,606 | ▼ 16.7% |
| Amounts receivable within one year40/41 | €180,846 | €506,270 | €319,417 | €271,299 | €377,443 | ▲ 39.1% |
| Trade receivables40 | €170,561 | €393,641 | €319,047 | €266,840 | €308,506 | ▲ 15.6% |
| Other amounts receivable41 | €10,285 | €112,630 | €371 | €4,459 | €68,937 | ▲ 1,446% |
| Cash at bank and in hand54/58 | €130,130 | €159,256 | €200,351 | €372,074 | €159,505 | ▼ 57.1% |
| Deferred charges and accrued income490/1 | €5,950 | €14,395 | €15,139 | €12,971 | €9,658 | ▼ 25.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €392,686 | €819,038 | €727,684 | €864,472 | €773,290 | ▼ 10.5% |
| Equity10/15 | €318,558 | €645,320 | €346,572 | €292,434 | €503,872 | ▲ 72.3% |
| Contributions10/11 | €18,550 | €18,550 | €18,550 | €18,550 | €18,550 | = |
| Reserves13 | €300,008 | €626,770 | €328,022 | €273,884 | €485,322 | ▲ 77.2% |
| Non-distributable reserves130/1 | €147 | €147 | €0 | - | - | - |
| Reserves not available under the articles1311 | €147 | €147 | €0 | - | - | - |
| Tax-exempt reserves132 | €15,584 | €15,584 | €15,584 | €15,584 | €15,584 | = |
| Distributable reserves133 | €284,276 | €611,039 | €312,439 | €258,300 | €469,738 | ▲ 81.9% |
| Profit (loss) carried forward14 | €0 | €0 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €74,128 | €173,718 | €381,112 | €572,038 | €269,419 | ▼ 52.9% |
| Amounts payable within one year42/48 | €74,128 | €173,718 | €381,112 | €533,558 | €248,264 | ▼ 53.5% |
| Financial debts43 | €2,590 | €1,680 | €6,968 | €3,666 | €3,985 | ▲ 8.7% |
| Credit institutions430/8 | €2,590 | €1,680 | €6,968 | €3,666 | €3,985 | ▲ 8.7% |
| Trade debts44 | €46,270 | €118,506 | €94,719 | €120,880 | €215,125 | ▲ 78.0% |
| Suppliers440/4 | €46,270 | €118,506 | €94,719 | €120,880 | €215,125 | ▲ 78.0% |
| Taxes, remuneration and social security45 | €25,268 | €53,532 | €50,846 | €48,234 | €29,155 | ▼ 39.6% |
| Taxes450/3 | €25,268 | €53,532 | €50,846 | €47,705 | €29,155 | ▼ 38.9% |
| Remuneration and social security454/9 | - | - | - | €528 | €0 | ▼ 100% |
| Other amounts payable47/48 | - | - | €228,579 | €360,778 | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | - | - | - | €38,480 | €21,154 | ▼ 45.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €238,309 | €326,762 | €220,370 | €245,861 | €211,438 | ▼ 14.0% |
| + Depreciation and write-downs630 | €24,072 | €25,261 | €30,200 | €23,996 | €23,175 | ▼ 3.4% |
| Operating cash flow (approximation) | €262,382 | €352,024 | €250,570 | €269,858 | €234,613 | ▼ 13.1% |
| Investment in fixed assets (approximation) | - | -€88,618 | -€83,860 | -€39,347 | -€41,731 | ▼ 6.1% |
| Change in cash | - | €29,126 | €41,095 | €171,724 | -€212,569 | ▼ 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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
31-12
Financial
Equity above €500,000Eq €503,872 ▲72.3%
8 profitable years in a row build equity to €503,872.
10-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
16-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €326,762 ▲37.1%
Operating result €423,296, net result €326,762, both a record.
31-12
Financial
Equity above €500,000Eq €645,320 ▲103%
5 profitable years in a row build equity to €645,320.
04-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €200,000Eq €318,558 ▲76.7%
4 profitable years in a row build equity to €318,558.
22-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €150,000Eq €180,248 ▲130%
3 profitable years in a row build equity to €180,248.
25-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 25 days late
Show earlier events
2019
10-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 71 days late
2018
26-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 57 days late
2017
27-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 58 days late
2016
12-04
State Gazette act
Merger · Accounting effect
Corporate purpose · Power of attorney
12-04
State Gazette act
Merger · Accounting effect
Corporate purpose · Power of attorney
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
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, Gent · 1 establishment unit since 2015
Ground area
858 m²
Building footprint
162 m²
Volume, LiDAR
863 m³
Parcel 44038A0428/00Z000, Flanders · tallest building 7.1 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
COHERENCE
since 20152.242.909.125
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44038A0428/00Z000 | Flanders | 858 m² | 1 · 162 m² | 7.1 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
2022 to 2025 · 3 entries · 3,198 EUR awarded · 3,198 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 750 EUR | 1,308 EUR |
| 2024 | 1 | 1,188 EUR | 630 EUR |
| 2022 | 1 | 1,260 EUR | 1,260 EUR |
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Of 6,999 companies in sector 96999 we hold annual accounts for 602. 310 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
Founded17-02-2015
Fiscal year end31-12
Activities, NACEBEL 2025
96999Other personal services
62200Computer consultancy and computer facilities management
70200Business and other management consultancy
73300Public relations and communication consultancy
85599Other education
86995Nutrition and dietetics services
Scores and ratios are computed by Checked and are not a credit decision.