COLTIM
ActiveSummary
The computed 12-month bankruptcy probability of COLTIM is 2.4% (moderate). The 2025 annual accounts show negative equity (-€19,048) and a net result of €11,609. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 14% of 13560 sector peers (fiscal year 2025). The company has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability73▼-2
Solvency0=
Growth56=
Track record100
Bankruptcy probability, 12 months
2.4%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.58 against 0.42 in 2024; short-term debt: 139% and cash: 29.5% of total assets), and equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-52.3%
Return on assets
31.8%
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 14% of 13560 sector peers (2025).
NBB · sector comparisonPosition among 13560 sector peers
Solvency
better than 14%
← 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 11-06-2026, 50 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
50 d early
2024
7 d early
2023
57 d late
2022
60 d late
2021
72 d late
2020
27 d late
2019
60 d late
← 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 31 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 52% 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
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€457,961▲ 4.8%
2024 · €437,123
EBIT margin
3.5%▲ 0.6pp
2024 · 2.9%
Net result
€11,609▲ 23.1%
2024 · €9,428
Working capital
-€21,031▲ 34.8%
2024 · -€32,275
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€327,427▲ 4.1%€334,832▲ 2.3%€399,704▲ 19.4%€437,123▲ 9.4%€457,961▲ 4.8%
Operating result€21,021▲ 7.4%-€52,311€878€12,738▲ 1,351%€15,953▲ 25.2%
Net result€19,534within the sector's middle half▲ 21.2%-€46,882below the sector's middle half-€3,449within the sector's middle half▲ 92.6%€9,428within the sector's middle half€11,609within the sector's middle half▲ 23.1%
EBIT margin6.4%▲ 0.2pp-15.6%▼ 22.0pp0.2%▲ 15.8pp2.9%▲ 2.7pp3.5%▲ 0.6pp
Equity€10,246within the sector's middle half-€36,636below the sector's middle half-€40,085below the sector's middle half▼ 9.4%-€30,657below the sector's middle half▲ 23.5%-€19,048below the sector's middle half▲ 37.9%
Total assets€46,272within the sector's middle half▲ 148%€39,145below the sector's middle half▼ 15.4%€29,964below the sector's middle half▼ 23.5%€34,014below the sector's middle half▲ 13.5%€36,450below the sector's middle half▲ 7.2%
Debt€36,026▲ 29.0%€75,781▲ 110%€70,049▼ 7.6%€64,671▼ 7.7%€55,498▼ 14.2%
Working capital€3,426-€50,396-€38,774▲ 23.1%-€32,275▲ 16.8%-€21,031▲ 34.8%
Solvency22.1%within the sector's middle half▲ 72.0pp-93.6%below the sector's middle half▼ 115.7pp-133.8%below the sector's middle half▼ 40.2pp-90.1%below the sector's middle half▲ 43.6pp-52.3%below the sector's middle half▲ 37.9pp
Staff (FTE)11.4▲ 40.0%1.8▲ 28.6%1.8=
above
within
below
the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 25% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €36,450
Fixed assets
€6,820 ▼ 36.0%
Current assets
€29,630 ▲ 26.9%
Key figures and ratios
EBITDA
€19,791▲
2024 · €16,676
Cash flow
€15,447▲
2024 · €13,366
Current ratio
0.58▲
2024 · 0.42
Quick ratio
0.42▲
2024 · 0.21
Debt to equity
-2.91▼
2024 · -2.11
ROA
31.8%▲
2024 · 27.7%
Interest coverage
4.82▼
2024 · 5.43
Debt ≤ 1 year
€50,661▼
2024 · €55,631
Debt > 1 year
€4,837▼
2024 · €9,040
Income taxes
€256▼
2024 · €257
Staff costs
€96,663▲
2024 · €84,342
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,640 companies that looked in July 2024 the way this one looks now, 2.7% went bankrupt within 24 months and 92% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a profit of 5% of the balance sheet or more
2.7%
went bankrupt
4.9%
stopped otherwise
92%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.4% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 3,640 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €327,427 | €334,832 | €399,704 | €437,123 | €457,961 | ▲ 4.8% |
| Non-recurring operating income76A | €1,225 | - | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | €279,714 | €354,703 | €335,428 | €334,105 | €341,203 | ▲ 2.1% |
| Remuneration, social security and pensions62 | €25,732 | €30,259 | €57,146 | €84,342 | €96,663 | ▲ 14.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,539 | €2,041 | €3,540 | €3,938 | €3,838 | ▼ 2.5% |
| Other operating charges640/8 | €140 | €140 | €2,712 | €2,000 | €304 | ▼ 84.8% |
| Non-recurring operating charges66A | €506 | - | - | - | - | - |
| Gross operating margin9900 | €48,938 | -€19,871 | €64,276 | €103,018 | €116,758 | ▲ 13.3% |
| Operating profit (loss)9901 | €21,021 | -€52,311 | €878 | €12,738 | €15,953 | ▲ 25.2% |
| Financial income75/76B | €3 | €7,338 | - | €17 | €20 | ▲ 17.6% |
| Recurring financial income75 | €3 | €4 | - | €17 | €20 | ▲ 17.6% |
| Non-recurring financial income76B | - | €7,334 | - | - | - | - |
| Financial charges65/66B | €1,210 | €1,661 | €3,181 | €3,070 | €4,108 | ▲ 33.8% |
| Recurring financial charges65 | €1,210 | €1,661 | €3,181 | €3,070 | €4,108 | ▲ 33.8% |
| Profit (loss) for the period before taxes9903 | €19,814 | -€46,634 | -€2,303 | €9,685 | €11,865 | ▲ 22.5% |
| Income taxes67/77 | €280 | €248 | €1,146 | €257 | €256 | ▼ 0.4% |
| Profit (loss) for the period9904 | €19,534 | -€46,882 | -€3,449 | €9,428 | €11,609 | ▲ 23.1% |
| Profit (loss) for the period to be appropriated9905 | €19,534 | -€46,882 | -€3,449 | €9,428 | €11,609 | ▲ 23.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €46,272 | €39,145 | €29,964 | €34,014 | €36,450 | ▲ 7.2% |
| Fixed assets21/28 | €7,320 | €14,285 | €13,097 | €10,658 | €6,820 | ▼ 36.0% |
| Intangible fixed assets21 | €2,683 | €1,983 | €1,283 | €583 | - | - |
| Tangible fixed assets22/27 | €4,417 | €12,082 | €11,594 | €9,855 | €6,600 | ▼ 33.0% |
| Land and buildings22 | €194 | €144 | €93 | €42 | - | - |
| Plant, machinery and equipment23 | €4,223 | €3,411 | €4,775 | €4,888 | €3,476 | ▼ 28.9% |
| Furniture and vehicles24 | - | €8,527 | €6,726 | €4,925 | €3,124 | ▼ 36.6% |
| Financial fixed assets28 | €220 | €220 | €220 | €220 | €220 | = |
| Current assets29/58 | €38,952 | €24,860 | €16,867 | €23,356 | €29,630 | ▲ 26.9% |
| Stocks and contracts in progress3 | €5,467 | €9,872 | €10,686 | €11,895 | €8,170 | ▼ 31.3% |
| Stocks30/36 | €5,467 | €9,872 | €10,686 | €11,895 | €8,170 | ▼ 31.3% |
| Amounts receivable within one year40/41 | - | €9,006 | €628 | €5,247 | €10,703 | ▲ 104% |
| Trade receivables40 | - | €9,006 | - | - | €259 | - |
| Other amounts receivable41 | - | - | €628 | €5,247 | €10,444 | ▲ 99.0% |
| Cash at bank and in hand54/58 | €33,485 | €5,982 | €5,553 | €6,214 | €10,757 | ▲ 73.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €46,272 | €39,145 | €29,964 | €34,014 | €36,450 | ▲ 7.2% |
| Equity10/15 | €10,246 | -€36,636 | -€40,085 | -€30,657 | -€19,048 | ▲ 37.9% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | - | €4,046 | €4,046 | €4,046 | €4,046 | = |
| Distributable reserves133 | - | €4,046 | €4,046 | €4,046 | €4,046 | = |
| Profit (loss) carried forward14 | €4,046 | -€46,882 | -€50,331 | -€40,903 | -€29,294 | ▲ 28.4% |
| Amounts payable17/49 | €36,026 | €75,781 | €70,049 | €64,671 | €55,498 | ▼ 14.2% |
| Amounts payable after more than one year17 | - | - | €13,008 | €9,040 | €4,837 | ▼ 46.5% |
| Financial debts170/4 | - | - | €13,008 | €9,040 | €4,837 | ▼ 46.5% |
| Amounts payable within one year42/48 | €35,526 | €75,256 | €55,641 | €55,631 | €50,661 | ▼ 8.9% |
| Current portion of amounts payable after more than one year42 | - | - | €3,745 | €3,967 | €4,204 | ▲ 6.0% |
| Trade debts44 | €30,896 | €64,053 | €46,405 | €44,982 | €33,105 | ▼ 26.4% |
| Suppliers440/4 | €30,896 | €64,053 | €46,405 | €44,982 | €33,105 | ▼ 26.4% |
| Taxes, remuneration and social security45 | €1,148 | €3,068 | €5,472 | €6,682 | €13,352 | ▲ 99.8% |
| Taxes450/3 | €217 | €2,001 | €2,036 | €3,229 | €3,660 | ▲ 13.3% |
| Remuneration and social security454/9 | €931 | €1,067 | €3,436 | €3,453 | €9,692 | ▲ 181% |
| Other amounts payable47/48 | €3,482 | €8,135 | €19 | - | - | - |
| Accrued charges and deferred income492/3 | €500 | €525 | €1,400 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €19,534 | -€46,882 | -€3,449 | €9,428 | €11,609 | ▲ 23.1% |
| + Depreciation and write-downs630 | €1,539 | €2,041 | €3,540 | €3,938 | €3,838 | ▼ 2.5% |
| Operating cash flow (approximation) | €21,073 | -€44,841 | €91 | €13,366 | €15,447 | ▲ 15.6% |
| Investment in fixed assets (approximation) | - | -€9,006 | -€2,352 | -€1,499 | €0 | ▲ 100% |
| Change in cash | - | -€27,503 | -€429 | €661 | €4,543 | ▲ 587% |
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
11-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
24-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €9,428
Net result €9,428 after 2 loss-making years.
26-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 57 days late
2023
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 60 days late
2022
31-12
Financial
Weakest financial yearnet -€46,882
Net result drops to -€46,882, the lowest in the series; recovery starts the following year.
11-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 72 days late
2021
31-12
Financial
Highest result since 2018net €19,534 ▲21.2%
Operating result €21,021, net result €19,534, both a record.
31-12
Financial
Liquidity triplescurrent ratio 1.10
Current ratio from 0.37 to 1.10.
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 27 days late
2020
31-12
Financial
Back to profitnet €16,119
Net result €16,119 after one loss-making year.
29-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 60 days late
Show earlier events
2019
24-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
02-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
29-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
5 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, Celles (lez-Tournai) · 1 establishment unit since 2015
Ground area
1,204 m²
Building footprint
121 m²
Volume, LiDAR
957 m³
Parcel 57023A0354/00V000, Wallonia · tallest building 10.3 m, ±3 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
FRITERIE LE MARECHAL
since 20152.247.496.730
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 57023A0354/00V000 | Wallonia | 1,203 m² | 1 · 121 m² | 10.3 m · 3 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteCelles (Ht.)2.247.496.730
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Of 21,859 companies in sector 56112 we hold annual accounts for 9,782. 6,961 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
Founded18-11-2015
Fiscal year end31-12
Activities, NACEBEL 2025
56112Limited-service restaurants, excluding mobile food services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0642983009
Registered
27-03-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.