Equity
Debts exceed assets in financial year 2025.
Debts exceed assets in financial year 2025.
Every financial year from 2023 to 2025 closed with a loss. 2024 was the heaviest.
Of this, €67.0m falls due within a year.
Colisée Belgium pays its suppliers 360 days later than in 2024.
Short-term debts rose from €17.7m to €67.0m.
Lower net result than 95% of companies in residential care. Sector median €23,409 · 699 companies.
Negative equity caps the score at 59.
The dashed line is the sector median: < 0.1% across 95 companies (NACE 87, large).
About 7 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 87, large). It does better than 2% of them on solvency, 22% on liquidity, 2% on profitability and 2% on growth.
The bankruptcy probability was computed on 07-11-2026 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 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% 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).
Liquidity is insufficient, with a current ratio of 0.18 (0.97 in 2024), below 1. Short-term debt is 31.8% and cash 0% of total assets. Equity is negative.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 6 accounts on average 22 days before the deadline. In the sector (NACE 87), the median for financial year 2024 was 27 days before the deadline, and 25% of those companies filed late.
Shares in 2 companies, Armonea Deutschland GmbH and ARMONEA
Board & ownership| Company | ||||
|---|---|---|---|---|
| Colisée Belgium Sint-Gillis (bij-Brussel) | - | - | -35.8% | - |
| Care-Ion Anderlecht | €1.7m | 38.9% | 28.7% | - |
| Integro Hasselt | €63.7m | 4.3% | 42.6% | 813.5 |
| Woonzorgnet-Dijleland Leuven | €29.4m | -1.0% | 45.0% | 366.1 |
| WOONZORGNETWERK SPIRIT Jabbeke | €24.1m | 0.7% | 53.8% | 297.6 |
| Vulpia Vlaanderen Brasschaat | €198.2m | 0.8% | 0.9% | 1,902.1 |
| Association Intercommunale Générations THIERACHE Chimay | €11.5m | -7.2% | 48.9% | 172.6 |
These companies have the same main activity as Colisée Belgium: residential care activities (NACE 87101). They are comparable in size and age: total assets between €41m and €119m, founded between 2012 and 2019.
Colisée Belgium has existed since 2019. The balance sheet total fell from €330.8m in 2021 to €210.6m in 2025.
Solvency fell in 2025 from 1.8% to -35.8% because of the loss.
Colisée International, Société de droit Français holds all the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
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