Equity
€36,141 from €288,829 in 2022
Equity fell by 87% in 2 years.
COLIFT
Lifetime
5 annual accounts with figures on one time axispeak €273,848 (2024)
€273,848▲ 27.7%
peak €143,959 (2021)
€107,193▲ 7.1%
peak €288,829 (2022)
€36,141▼ 75.7%
€401,236▲ 20.5%
Board1 name since 2020
1 directorMOHAMAD Akram
Documentsfilings and deeds
31-10-202592 days late
2024micro format
Gross margin from €214,447 to €273,848Dividend €260,000Equity from €148,947 to €36,141Debts from €332,968 to €401,236Cash from €33,914 to €18,124
Key points
from the 2024 annual accountsTurnover
≈ €600,000 estimated
The micro format states no turnover.
Debts
€401,236 92% of the balance sheet
Financial debts 0%Suppliers 28%Taxes and wages 7%Other 65%
Of this, €399,555 falls due within a year.
Filings
5 annual accounts 103 days past the deadline
2025 accounts not filed: deadline was 31-07-2026.
Starting capital
€2,000 100 shares
Position in the sector
8.3%
Lower solvency than 86% of companies in specialised construction. Sector median 46.6% · 35,957 companies.
Checked score
37
Weak
Financially stronger than 27% of micro companies in specialised construction (NACE 43)
Probability in this band: 4.2% to 15.0%
Bankruptcy probability within 12 months
4.6% Elevated
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 47,696 companies (NACE 43, micro).
About 5 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 2.2%
01-2025: 2.2%● unchanged vs 12-2024
02-2025: 2.2%● unchanged vs 01-2025
03-2025: 2.2%● unchanged vs 02-2025
04-2025: 2.2%● unchanged vs 03-2025lowest value
05-2025: 2.3%▲ +0.1 percentage points vs 04-2025
06-2025: 2.4%▲ +0.1 percentage points vs 05-2025
07-2025: 2.3%▼ -0.1 percentage points vs 06-2025
08-2025: 2.8%▲ +0.5 percentage points vs 07-2025
09-2025: 2.9%▲ +0.1 percentage points vs 08-2025
10-2025: 4.0%▲ +1.1 percentage points vs 09-2025
11-2025: 2.9%▼ -1.1 percentage points vs 10-2025
12-2025: 3.0%▲ +0.1 percentage points vs 11-2025
01-2026: 3.0%● unchanged vs 12-2025
02-2026: 3.0%● unchanged vs 01-2026
03-2026: 3.0%● unchanged vs 02-2026
04-2026: 2.7%▼ -0.3 percentage points vs 03-2026
05-2026: 2.9%▲ +0.2 percentage points vs 04-2026
06-2026: 2.8%▼ -0.1 percentage points vs 05-2026
07-2026: 2.7%▼ -0.1 percentage points vs 06-2026
08-2026: 3.1%▲ +0.4 percentage points vs 07-2026
09-2026: 3.2%▲ +0.1 percentage points vs 08-2026
10-2026: 4.6%▲ +1.4 percentage points vs 09-2026
11-2026: 4.6%● unchanged vs 10-2026highest value
Financial strengthWeak
Score breakdown
raises risk
1 financial year not filed after the legal deadline; last filed accounts filed 92 days late; 3 of the last 3 accounts late
Figures for financial year 2024 (filed on 31-10-2025)
Founded in 2020
lowers risk
Size: total assets €437,377
Calculation
The band follows from the bankruptcy probability. 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 43, micro). It does better than 13% of them on solvency, 4% on liquidity, 85% on profitability and 6% on growth.
The bankruptcy probability was computed on 10-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2024.
Of the companies with a bankruptcy probability in the elevated class on 30-06-2025, 6.3% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 2,153 companies had the same profile as COLIFT has now. Each dot stands for 6 companies, two years later.
96.0%
were still trading
2.2%
stopped another way
1.7%
went bankrupt
The bankruptcy probability of COLIFT itself is higher: 4.6% within 12 months. It rests on far more data about COLIFT than the profile alone.
Test of the method
The method was tested on the 497,448 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 2,153 companies, not a prediction for COLIFT. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €1,000 on 30-day terms, only on tighter conditions: elevated estimated bankruptcy probability calls for adjusted credit terms
Liquidity is tight, with a current ratio of 1.04 (1.36 in 2023), below the usual 1.5. Short-term debt is 91.4% and cash 4.1% of total assets. 91.7% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Seven signals.
lowers riskraises risk
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 13% of 35957 sector peers (2024).
NBB · sector comparisonPosition among 35957 sector peers
Solvency
better than 13%
← weakest
strongest →
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 103 days later.
NBB · 5 filingsPosition against the passed deadline
31-12-2025 year end31-07-2026 deadline11-11-2026 today
raises risk · 2024 accounts filed 92 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-10-2025, 92 days past the deadline. Measured on financial year 2023: of the companies more than 90 days late, 5.61% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers.
NBB · 5 filingsDeviation from the deadline
2025
not filed
2024
92 days late
2023
85 days late
2022
32 days late
2021
117 days late
2020
61 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 5 accounts on average 77 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (1)
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0740939448
Incorporation
Founding capital of €2,000, 100 shares · Founder: MOHAMAD Akram · Appointment: MOHAMAD Akram (director) · published on 10-01-2020 · Gazette deed
First establishment
Drève du Château 10, Morlanwelz
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| COLIFT Morlanwelz | €437,377 | €273,848 | 8.3% | - |
| DBG Réfrigération Châtelet | €536,494 | €266,782 | 44.5% | - |
| MKR Projects Meerhout | €429,948 | €238,779 | 72.6% | - |
| K.N.I. ELEKTRO Heusden-Zolder | €445,030 | €243,925 | 47.8% | - |
| POOT Dendermonde | €456,456 | €290,006 | 68.2% | - |
| AnB-Systems Heusden-Zolder | €478,000 | €259,540 | 95.1% | - |
| KAPPATECH Grimbergen | €480,369 | €231,929 | 72.6% | - |
These companies have the same main activity as COLIFT: general electrical installation work (NACE 43211). They are comparable in size and age: total assets between €430,000 and €536,000, founded between 2019 and 2020.
Official details
Source: KBO- Status
- Active since 08-01-2020Normal situation
- Activity
- General electrical installation workNACE 43211and 5 others
- Establishment unit
- 2.298.555.4517140 Morlanwelz, since 08-01-2020
- Financial year end
- 31 December
- Peppol
- Reachable since 20-11-2020
Insights on COLIFT
COLIFT files the micro format. That format states no turnover. The gross margin rose from €68,654 in 2020 to €273,848 in 2024.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about COLIFT
- What is the company number of COLIFT?
- The company number of COLIFT is 0740.939.448. The VAT number is the same number with BE in front: BE 0740.939.448.
- Where is COLIFT based?
- The registered office is at Rue de la Rosière 2, 7141 Morlanwelz.Company details
- What does COLIFT do?
- According to the KBO register, the main activity is general electrical installation work (NACE 43211).
- What is the legal form of COLIFT?
- COLIFT is a private limited company (BV).
- When was COLIFT founded?
- COLIFT was founded on 08-01-2020.
- Is COLIFT still active?
- Yes, COLIFT is an active enterprise in the KBO register.
- How many employees does COLIFT have?
- COLIFT had an average of 1.5 full-time equivalents in financial year 2024, according to the filed annual accounts.Financials
- What is the turnover of COLIFT?
- The turnover in financial year 2024 is ≈ €600,000. This figure is estimated from the gross margin of €273,848 and 35 comparable companies (NACE 43211). It probably lies between €520,000 and €750,000.
- Is COLIFT profitable?
- In financial year 2024, COLIFT made a profit of €107,193.
- Where can I find the annual accounts of COLIFT?
- COLIFT filed 5 annual accounts with the National Bank of Belgium, the latest for financial year 2024.
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can trust this company with building work.Contractor check Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark
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