COLED Projects
ActiveSummary
COLED Projects has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €18,600 and a net result of €68,307. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 18% of 9511 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency40▼-15
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days acceptable
Liquidity tight (current ratio 1.12 against 1.31 in 2024; short-term debt: 84.6% and cash: 75.6% of total assets), and 85% of the assets are financed with debt.
Credit check for your own amount and term
Open the credit simulator : see how the verdict changes with amount, term and advance.
Signals
Five 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 →
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
15%
Return on assets
55.2%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 9511 sector peers (2025).
NBB · sector comparisonPosition among 9511 sector peers
Solvency
better than 18%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 13-03-2026, 140 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
140 d early
2024
83 d early
2023
35 d early
2022
41 d early
2021
on the day
2020
on the day
2019
on the day
← 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 43 days before 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
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
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 How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed Roughly what is this company worth?Value indication
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Turnover
€30,291
EBIT margin
30.5%
Net result
€68,307▲ 10.4%
2024 · €61,893
Working capital
€12,339▼ 35.2%
2024 · €19,054
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
Turnover
Operating result-€112,857▼ 885%€19,327€56,727▲ 194%€67,124▲ 18.3%€92,509▲ 37.8%
Net result-€116,430▼ 884%€16,135€53,701▲ 233%€61,893▲ 15.3%€68,307▲ 10.4%
EBIT margin
Equity-€116,020-€99,886▲ 13.9%-€33,784▲ 66.2%€26,390€18,600▼ 29.5%
Total assets€41,603▲ 3.0%€36,908▼ 11.3%€49,068▲ 32.9%€87,997▲ 79.3%€123,765▲ 40.6%
Debt€157,623▲ 294%€136,793▼ 13.2%€82,852▼ 39.4%€61,607▼ 25.6%€105,165▲ 70.7%
Working capital-€22,571-€38,914▼ 72.4%-€3,197▲ 91.8%€19,054€12,339▼ 35.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 38% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €123,765
Fixed assets
€6,708 ▼ 8.6%
Current assets
€117,057 ▲ 45.1%
Equity and liabilities €123,765
Equity
€18,600 ▼ 29.5%
Debt
€105,165 ▲ 70.7%
Debt's share of the balance-sheet total rises from 70.0% to 85.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€94,401▲
2024 · €67,952
Cash flow
€70,200▲
2024 · €62,721
Current ratio
1.12▼
2024 · 1.31
Quick ratio
1.11▼
2024 · 1.30
Debt to equity
5.65▲
2024 · 2.33
ROE
367.2%▲
2024 · 234.5%
ROA
55.2%▼
2024 · 70.3%
Interest coverage
19.50▼
2024 · 28.35
Debt ≤ 1 year
€104,717▲
2024 · €61,607
Income taxes
€19,361▲
2024 · €2,835
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 | - | - | - | €10,629 | €0 | ▼ 100% |
| Remuneration, social security and pensions62 | - | €0 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €75 | €498 | €829 | €1,892 | ▲ 128% |
| Other operating charges640/8 | €101 | €450 | €493 | €505 | €636 | ▲ 25.8% |
| Gross operating margin9900 | -€112,756 | €19,852 | €57,718 | €68,458 | €95,037 | ▲ 38.8% |
| Operating profit (loss)9901 | -€112,857 | €19,327 | €56,727 | €67,124 | €92,509 | ▲ 37.8% |
| Financial income75/76B | €0 | €20 | €0 | €0 | €0 | ▼ 97.1% |
| Recurring financial income75 | €0 | €20 | €0 | €0 | €0 | ▼ 97.1% |
| Financial charges65/66B | €3,245 | €2,920 | €2,763 | €2,397 | €4,840 | ▲ 102% |
| Recurring financial charges65 | €3,245 | €2,920 | €2,763 | €2,397 | €4,840 | ▲ 102% |
| Profit (loss) for the period before taxes9903 | -€116,102 | €16,428 | €53,964 | €64,727 | €87,668 | ▲ 35.4% |
| Income taxes67/77 | €329 | €293 | €263 | €2,835 | €19,361 | ▲ 583% |
| Profit (loss) for the period9904 | -€116,430 | €16,135 | €53,701 | €61,893 | €68,307 | ▲ 10.4% |
| Profit (loss) for the period to be appropriated9905 | -€116,430 | €16,135 | €53,701 | €61,893 | €68,307 | ▲ 10.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €41,603 | €36,908 | €49,068 | €87,997 | €123,765 | ▲ 40.6% |
| Fixed assets21/28 | - | €1,420 | €922 | €7,336 | €6,708 | ▼ 8.6% |
| Tangible fixed assets22/27 | - | €1,420 | €922 | €7,336 | €6,708 | ▼ 8.6% |
| Plant, machinery and equipment23 | - | €1,420 | €922 | €424 | €1,231 | ▲ 191% |
| Furniture and vehicles24 | - | - | - | €6,912 | €5,477 | ▼ 20.8% |
| Current assets29/58 | €41,603 | €35,487 | €48,146 | €80,661 | €117,057 | ▲ 45.1% |
| Stocks and contracts in progress3 | - | - | - | €315 | €315 | = |
| Stocks30/36 | - | - | - | €315 | €315 | = |
| Amounts receivable within one year40/41 | €29,018 | €15,613 | €20,355 | €23,655 | €21,948 | ▼ 7.2% |
| Trade receivables40 | €28,924 | €15,518 | €20,355 | €21,690 | €19,982 | ▼ 7.9% |
| Other amounts receivable41 | €95 | €95 | €0 | €1,965 | €1,965 | = |
| Cash at bank and in hand54/58 | €11,575 | €17,846 | €26,659 | €55,484 | €93,573 | ▲ 68.6% |
| Deferred charges and accrued income490/1 | €1,009 | €2,029 | €1,131 | €1,208 | €1,221 | ▲ 1.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €41,603 | €36,908 | €49,068 | €87,997 | €123,765 | ▲ 40.6% |
| Equity10/15 | -€116,020 | -€99,886 | -€33,784 | €26,390 | €18,600 | ▼ 29.5% |
| Contributions10/11 | €6,200 | €6,200 | €18,600 | €18,600 | €18,600 | = |
| Outside capital11 | €6,200 | - | - | - | - | - |
| Other1109/19 | €6,200 | - | - | - | - | - |
| Reserves13 | €6,040 | €0 | - | - | - | - |
| Distributable reserves133 | €6,040 | €0 | - | - | - | - |
| Profit (loss) carried forward14 | -€128,260 | -€106,086 | -€52,384 | €7,790 | €0 | ▼ 100% |
| Amounts payable17/49 | €157,623 | €136,793 | €82,852 | €61,607 | €105,165 | ▲ 70.7% |
| Amounts payable after more than one year17 | €93,450 | €62,392 | €31,509 | €0 | - | - |
| Financial debts170/4 | €93,450 | €62,392 | €31,509 | €0 | - | - |
| Amounts payable within one year42/48 | €64,173 | €74,402 | €51,343 | €61,607 | €104,717 | ▲ 70.0% |
| Current portion of amounts payable after more than one year42 | €28,876 | €30,268 | €30,882 | €31,509 | €0 | ▼ 100% |
| Trade debts44 | €3,594 | €5,358 | €1,959 | €5,250 | €2,219 | ▼ 57.7% |
| Suppliers440/4 | €3,594 | €5,358 | €1,959 | €5,250 | €2,219 | ▼ 57.7% |
| Taxes, remuneration and social security45 | €13,085 | €21,975 | €12,399 | €16,601 | €20,764 | ▲ 25.1% |
| Taxes450/3 | €9,816 | €21,975 | €12,399 | €16,601 | €20,764 | ▲ 25.1% |
| Remuneration and social security454/9 | €3,269 | €0 | - | - | - | - |
| Other amounts payable47/48 | €18,619 | €16,800 | €6,103 | €8,247 | €81,734 | ▲ 891% |
| Accrued charges and deferred income492/3 | - | - | - | - | €448 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€116,430 | €16,135 | €53,701 | €61,893 | €68,307 | ▲ 10.4% |
| + Depreciation and write-downs630 | - | €75 | €498 | €829 | €1,892 | ▲ 128% |
| Operating cash flow (approximation) | -€116,430 | €16,209 | €54,200 | €62,721 | €70,200 | ▲ 11.9% |
| Investment in fixed assets (approximation) | - | - | €0 | -€7,242 | -€1,265 | ▲ 82.5% |
| Change in cash | - | €6,270 | €8,813 | €28,825 | €38,089 | ▲ 32.1% |
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
13-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2019net €68,307 ▲10.4%
Operating result €92,509, net result €68,307, both a record.
09-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
26-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
20-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €16,135
Net result €16,135 after 2 loss-making years.
31-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet -€116,430
Net result drops to -€116,430, the lowest in the series; recovery starts the following year.
31-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneNBB 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.
Have them read with priority
Sign in to place this company at the front of the reading queue.
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, Mol · 1 establishment unit since 2019
Ground area
1,243 m²
Building footprint
249 m²
Parcel 13435D0763/00D004, Flanders. Linked by address, not a title deed.
1 establishment unit
COLED Projects
since 20192.284.966.840
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13435D0763/00D004 | Flanders | 1,243 m² | 1 · 249 m² | - |
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.
Similar companies · same sector, comparable size
AVLOP
BE 0548.762.850
Lille · Eq €18,600
Prieur Expertise Automobile
BE 0646.840.342
Charleroi · Eq €18,600
SF CONSULTEX
BE 0676.976.262
Ukkel · Eq €18,600
BEPROMA
BE 0720.674.366
Maaseik · Eq €18,600
Xenadvies BVE
BE 0700.385.035
Kalmthout · Eq €18,550
Of 2,143 companies in sector 71209 we hold annual accounts for 1,086. 620 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
Founded29-01-2019
Fiscal year end31-12
Activities, NACEBEL 2025
71209Other technical testing and analysis
70200Business and other management consultancy
74999Other professional, scientific and technical activities
Contact
Phone
000000000Mol
Scores and ratios are computed by Checked and are not a credit decision.