COLE K
ActiveSummary
COLE K has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €11k and a net result of €4k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 27% of 11389 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability47▲+15
Solvency37=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity tight (current ratio 1.37 against 1.24 in 2024; short-term debt: 73.1% and cash: 8.6% of total assets), and 87.8% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €11k
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 30-01-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
8 d early
2023
1 d early
2022
on the day
2021
3 d early
2020
2 d early
2019
on the day
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close25-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€11k▲ 58.5%
2024 · €7k
Total assets
€93k▲ 62.3%
2024 · €57k
Net result
€4k▲ 3,408%
2024 · €119
Working capital
€25k▲ 125%
2024 · €11k
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€5k▼ 69.6%€4k▼ 16.5%€20k▲ 351%€3k▼ 86.7%€9k▲ 236%
Net result€2k▼ 84.3%€717▼ 58.2%€13k▲ 1,697%€119▼ 99.1%€4k▲ 3,408%
Equity€-7k▲ 20.6%€-6k▲ 10.8%€7k€7k▲ 1.7%€11k▲ 58.5%
Total assets€24k▼ 30.3%€34k▲ 38.9%€47k▲ 39.8%€57k▲ 21.1%€93k▲ 62.3%
Debt€31k▼ 28.4%€40k▲ 28.3%€40k▲ 1.3%€50k▲ 24.5%€81k▲ 62.9%
Working capital€9k▼ 9.2%€5k▼ 38.8%€15k▲ 172%€11k▼ 25.6%€25k▲ 125%
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 236% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €93k
Fixed assets
€244 ▼ 53.5%
Current assets
€92k ▲ 63.4%
Equity and liabilities €93k
Equity
€11k ▲ 58.5%
Debt
€81k ▲ 62.9%
Debt's share of the balance-sheet total rises from 87.5% to 87.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€9k▲
2024 · €3k
Cash flow
€4k▲
2024 · €400
Current ratio
1.37▲
2024 · 1.24
Debt to equity
7.21▲
2024 · 7.02
ROE
36.9%▲
2024 · 1.7%
ROA
4.5%▲
2024 · 0.2%
Interest coverage
2.77▲
2024 · 1.60
Debt ≤ 1 year
€68k▲
2024 · €46k
Debt > 1 year
€13k▲
2024 · €4k
Income taxes
€3k▲
2024 · €2k
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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €657 | €511 | €281 | €281 | €281 | = |
| Other operating charges640/8 | - | €763 | €900 | €2k | €3k | ▲ 59.4% |
| Gross operating margin9900 | €7k | €6k | €21k | €5k | €12k | ▲ 155% |
| Operating profit (loss)9901 | €5k | €4k | €20k | €3k | €9k | ▲ 236% |
| Financial income75/76B | - | €278 | €348 | €1k | €2k | ▲ 48.4% |
| Recurring financial income75 | €1k | €278 | €348 | €1k | €2k | ▲ 48.4% |
| Financial charges65/66B | - | €2k | €2k | €2k | €3k | ▲ 81.5% |
| Recurring financial charges65 | €2k | €2k | €2k | €2k | €3k | ▲ 81.5% |
| Profit (loss) for the period before taxes9903 | €4k | €3k | €18k | €2k | €7k | ▲ 261% |
| Income taxes67/77 | €2k | €2k | €5k | €2k | €3k | ▲ 63.6% |
| Profit (loss) for the period9904 | €2k | €717 | €13k | €119 | €4k | ▲ 3,408% |
| Profit (loss) for the period to be appropriated9905 | €2k | €717 | €13k | €119 | €4k | ▲ 3,408% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €24k | €34k | €47k | €57k | €93k | ▲ 62.3% |
| Fixed assets21/28 | €474 | €1k | €806 | €525 | €244 | ▼ 53.5% |
| Tangible fixed assets22/27 | €474 | €1k | €806 | €525 | €244 | ▼ 53.5% |
| Plant, machinery and equipment23 | - | €1k | €806 | €525 | €244 | ▼ 53.5% |
| Current assets29/58 | €24k | €33k | €46k | €56k | €92k | ▲ 63.4% |
| Amounts receivable after more than one year29 | - | €9k | €9k | €9k | €9k | = |
| Other amounts receivable291 | - | €9k | €9k | €9k | €9k | = |
| Amounts receivable within one year40/41 | €13k | €21k | €29k | €43k | €71k | ▲ 65.5% |
| Trade receivables40 | - | €21k | €17k | €20k | €40k | ▲ 103% |
| Other amounts receivable41 | - | €0 | €12k | €23k | €32k | ▲ 34.5% |
| Cash at bank and in hand54/58 | €442 | €1k | €7k | €2k | €8k | ▲ 326% |
| Deferred charges and accrued income490/1 | - | €841 | €1k | €3k | €4k | ▲ 61.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €24k | €34k | €47k | €57k | €93k | ▲ 62.3% |
| Equity10/15 | €-7k | €-6k | €7k | €7k | €11k | ▲ 58.5% |
| Contributions10/11 | - | €12k | €12k | €12k | €12k | = |
| Reserves13 | €2k | €2k | €2k | €2k | €6k | ▲ 224% |
| Non-distributable reserves130/1 | - | €2k | €2k | €0 | - | - |
| Reserves not available under the articles1311 | - | €2k | €2k | €0 | - | - |
| Distributable reserves133 | - | - | - | €2k | €6k | ▲ 224% |
| Profit (loss) carried forward14 | €-21k | €-20k | €-7k | €-7k | €-7k | = |
| Amounts payable17/49 | €31k | €40k | €40k | €50k | €81k | ▲ 62.9% |
| Amounts payable after more than one year17 | €16k | €12k | €8k | €4k | €13k | ▲ 224% |
| Financial debts170/4 | - | €12k | €8k | €4k | €13k | ▲ 224% |
| Amounts payable within one year42/48 | €15k | €27k | €32k | €46k | €68k | ▲ 48.5% |
| Current portion of amounts payable after more than one year42 | - | €4k | €4k | €4k | €2k | ▼ 54.4% |
| Financial debts43 | - | - | - | €2k | €0 | ▼ 100% |
| Credit institutions430/8 | - | - | - | €2k | €0 | ▼ 100% |
| Trade debts44 | €8k | €13k | €18k | €30k | €37k | ▲ 23.3% |
| Suppliers440/4 | - | €13k | €18k | €30k | €37k | ▲ 23.3% |
| Taxes, remuneration and social security45 | - | €11k | €9k | €9k | €28k | ▲ 221% |
| Taxes450/3 | - | €11k | €9k | €9k | €28k | ▲ 221% |
| Other amounts payable47/48 | - | €0 | €0 | - | - | - |
| Accrued charges and deferred income492/3 | - | €250 | €250 | €250 | €250 | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2k | €717 | €13k | €119 | €4k | ▲ 3,408% |
| + Depreciation and write-downs630 | €657 | €511 | €281 | €281 | €281 | = |
| Operating cash flow (approximation) | €2k | €1k | €13k | €400 | €4k | ▲ 1,012% |
| Investment in fixed assets (approximation) | - | €-1k | €0 | €0 | €0 | - |
| Change in cash | - | €736 | €6k | €-5k | €6k | ▲ 217% |
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
State Gazette act
Registered officeRegistered-office move1 fact ▸
State Gazette act
Registered office
Registered-office move1 fact ▸
- Registered-office move, Mertens en Torfsstraat 1/401 2018 Antwerpen
30-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
23-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
Financial
Highest result since 2019net €13k ▲1,697%
Operating result €20k, net result €13k, both a record.
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
28-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
29-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-06
Financial
Back to profitnet €11k
Net result €11k after one loss-making year.
31-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
29-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
27-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 4 acts read
About the unread acts
Of the 4 Belgian State Gazette acts we know for this company, 1 has been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Antwerpen · 1 establishment unit since 2008
Ground area
207 m²
Building footprint
190 m²
Volume, LiDAR
3,432 m³
Parcel 11810K2754/00B004, Flanders · tallest building 20.0 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
Arterior
since 20082.175.801.357
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11810K2754/00B004 | Flanders | 207 m² | 1 · 189 m² | 19.9 m · 6 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.
Articles of association
Other provisions of the articles (7)
- Power of attorney: Kelly Verpoorten
- Power of attorney: Sara Heemskerk
- Power of attorney: Sandy Van de Leur
- Power of attorney: Kristel Van Gysel
- Power of attorney: Héloïse Debrandt
- Power of attorney: Viktorija Coric
- Other statement
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Of 1,135 companies in sector 46130 we hold annual accounts for 646. 305 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
Founded26-12-2008
Fiscal year end30-06
Activities, NACEBEL 2025
46130Agents in the wholesale of timber and building materials
Scores and ratios are computed by Checked and are not a credit decision.