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Colinex

Active
Private limited companyfounded 201313 yrs activeWesterlaan 36, 8790 Waregem, BelgiumKBO/BCE: BE 0537.814.421
Summary

Colinex has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €108,613 and a net result of €241,397. Equity remains stable across the filed fiscal years (±0.7% per year). Its solvency ranks better than 9% of 8593 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).

Risk analysisWatch ReportCompare
ColinexActiveChecked score 69/100
Risk analysis ReportCompare

Overview

Activity
Joinery installation
NACE 43320Painting of buildings NACE 43341
1 site
Size
€2.1mtotal assets 2025
Staff
14 FTE
Equity
€108,613
Profit
€241,397
Turnover not published (abridged schema)
Financial health
69 Healthy Checked score 2025
Bankruptcy chance 12 m
0.6%
Structure
Holdings
1
Accounts filed 20 d late0 of 8 deeds read
Why 69- Equity €108,613 (5.2% of total assets)- Sector Specialised construction activities (NACE 43)+ Founded in 2013+ Figures for FY 2025 (filed 20-08-2026)Show the evidence

Checked score

Score 2025
69 / 100
Healthy
Probability in this band: 0.55% to 1.5%
Better than 35% of its sector peers (NACE 43, small)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Average
Solvency 30-2
equity 5.2% of total assets
Liquidity 32-5
short-term debt 63.6% · cash 12.6%
Profitability 83+23
return on assets 11.6%
Bankruptcy probability, 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%

About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (2,633 companies)
Last 24 months 11-2024: 1.5% 12-2024: 1.5%● 0.0% vs 11-2024 01-2025: 1.4%▼ -0.6% vs 12-2024 02-2025: 1.4%● 0.0% vs 01-2025 03-2025: 1.4%▼ -3.9% vs 02-2025 04-2025: 1.4%▲ +0.1% vs 03-2025 05-2025: 1.0%▼ -27.4% vs 04-2025 06-2025: 1.0%▼ -0.9% vs 05-2025 07-2025: 1.1%▲ +13.4% vs 06-2025 08-2025: 1.7%▲ +45.5% vs 07-2025 09-2025: 2.0%▲ +18.0% vs 08-2025 10-2025: 1.2%▼ -41.2% vs 09-2025 11-2025: 1.2%● 0.0% vs 10-2025 12-2025: 1.2%● 0.0% vs 11-2025 01-2026: 1.2%● 0.0% vs 12-2025 02-2026: 1.2%▲ +4.0% vs 01-2026 03-2026: 1.2%▼ -0.6% vs 02-2026 04-2026: 1.2%▼ -0.6% vs 03-2026 05-2026: 1.2%▼ -0.2% vs 04-2026 06-2026: 1.2%▲ +3.7% vs 05-2026 07-2026: 1.5%▲ +19.7% vs 06-2026 08-2026: 2.4%▲ +66.8% vs 07-2026highest value 09-2026: 0.6%▼ -73.9% vs 08-2026lowest value 10-2026: 0.6%● 0.0% vs 09-2026lowest value
  • Equity €108,613 (5.2% of total assets) raises the probability
  • Sector Specialised construction activities (NACE 43) raises the probability
  • Founded in 2013 lowers the probability for this profile
  • Figures for FY 2025 (filed 20-08-2026) lowers the probability
Credit up to €7,000 at 30 days acceptable
Liquidity short (current ratio 0.89 against 0.87 in 2024; short-term debt: 63.6% and cash: 12.6% of total assets), and 94.8% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 43, small). Better than this share of them on solvency 6%, liquidity 27%, profitability 78%, growth against the median 30%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Equity €108,613 (5.2% of total assets)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Sector Specialised construction activities (NACE 43)
In the bankruptcy model this factor raises the probability.
KBO
lowers risk · Founded in 2013
In the bankruptcy model this factor lowers the probability for this profile.
KBO
lowers risk · Figures for FY 2025 (filed 20-08-2026)
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 9% of 8593 sector peers (2025).
NBB · sector comparison
Position among 8593 sector peers
Solvency
better than 9%
← weakest strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 20-08-2026, 20 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filings
Deviation from the deadline
2025
20 d late
2024
29 d late
2023
30 d late
2022
33 d early
2021
82 d late
2020
30 d late
2019
32 d early
← 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 18 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% 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. Usually files around 29 August (4 of the last 5 filed years within 53 days of that day).
Companies Code · seven months
Position in the running window
03-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2025 · abbreviated…
  2. Annual accounts filedfiscal year 2024 · abbreviated…
  3. Annual accounts filedfiscal year 2023 · abbreviated…

Key points

  • Positive: Result rose in 2025from €20,105 to €241,397 ▲ 1,101% View
  • Caution: Among the weakest 10% on solvencysector median 44.2% · 8,593 companies 5.2% View
  • Positive: 8 profitable years in a rowprofit 2025: €241,397 8 years View

By topic

Financials

Fiscal year
2025
Total assets
€2.1m
Profit
€241,397
Solvency
5.2%
Total assets▲ 41.8%
Net result
20182025
Go to Financials

Timeline

Events
13
Since
2017
Next accounts
by 31-07-2027
  1. 20-08-2026Annual accounts filed
  2. 29-08-2025Annual accounts filed
  3. 30-08-2024Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Joinery installationNACE 43320
Founded
30-08-2013
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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