COOL SOLUTIONS
ActiveSummary
COOL SOLUTIONS has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.8m and a net result of €762,439. Equity remains stable across the filed fiscal years (±2.2% per year). Its solvency ranks better than 44% of 736 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability69▲+6
Solvency55▲+9
Growth66▲+15
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €110,000 at 30 days acceptable
Liquidity tight (current ratio 1.26 against 1.01 in 2023; short-term debt: 69.1% and cash: 11.2% of total assets), and 69.8% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+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 52
Relative position
BE, all sectors
reference
Warehousing and support activities for transportation (NACE 52)
about 72% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
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 2024Solvency, return and age of the figures
Solvency
30.2%
Return on assets
12.6%
Age of the figures
21 mo
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €1.8m
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 24-06-2025, 37 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
37 d early
2023
42 d early
2022
47 d early
2021
73 d early
2020
47 d early
2019
36 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 47 days before the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Is the workforce growing, and do people stay?Employer check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Public money
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, full schema
Turnover
€26.4m▲ 9.5%
2023 · €24.2m
EBIT margin
4.0%▲ 2.3pp
2023 · 1.6%
Net result
€762,439▲ 161%
2023 · €291,597
Working capital
€1.1m▲ 3,559%
2023 · €30,272
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 52, Warehousing and support activities for transportation, 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
Line20202021202220232024
Turnover€21.6m▼ 11.3%€22.4m▲ 3.6%€24.7m▲ 10.2%€24.2m▼ 2.1%€26.4m▲ 9.5%
Operating result€518,969▲ 76.7%€1.3m▲ 153%€396,448▼ 69.8%€398,073▲ 0.4%€1.1m▲ 165%
Net result€368,489within the sector's middle half▲ 118%€931,740above the sector's middle half▲ 153%€278,302within the sector's middle half▼ 70.1%€291,597within the sector's middle half▲ 4.8%€762,439above the sector's middle half▲ 161%
EBIT margin2.4%▲ 1.2pp5.9%▲ 3.5pp1.6%▼ 4.3pp1.6%=4.0%▲ 2.3pp
Equity€1.8mwithin the sector's middle half▲ 26.1%€1.6mwithin the sector's middle half▼ 8.7%€1.4mwithin the sector's middle half▼ 16.7%€1.1mwithin the sector's middle half▼ 20.9%€1.8mwithin the sector's middle half▲ 71.1%
Total assets€7.4mwithin the sector's middle half▼ 12.4%€7.4mwithin the sector's middle half▲ 0.5%€6.0mwithin the sector's middle half▼ 19.5%€5.1mwithin the sector's middle half▼ 14.5%€6.1mwithin the sector's middle half▲ 19.2%
Debt€5.6m▼ 20.2%€5.8m▲ 3.5%€4.6m▼ 20.3%€4.0m▼ 12.6%€4.2m▲ 5.3%
Working capital-€557,343below the sector's middle half▲ 68.0%-€581,476below the sector's middle half▼ 4.3%-€147,983within the sector's middle half▲ 74.6%€30,272within the sector's middle half€1.1mwithin the sector's middle half▲ 3,559%
Solvency24.2%within the sector's middle half▲ 7.4pp22.0%within the sector's middle half▼ 2.2pp22.8%within the sector's middle half▲ 0.8pp21.1%within the sector's middle half▼ 1.7pp30.2%within the sector's middle half▲ 9.2pp
Current ratio0.86within the sector's middle half▲ 0.210.88within the sector's middle half▲ 0.020.97within the sector's middle half▲ 0.081.01within the sector's middle half▲ 0.041.26within the sector's middle half▲ 0.26
Return on assets (ROA)5.0%within the sector's middle half▲ 3.0pp12.6%above the sector's middle half▲ 7.6pp4.7%within the sector's middle half▼ 7.9pp5.7%within the sector's middle half▲ 1.1pp12.6%above the sector's middle half▲ 6.8pp
Staff (FTE)12.7within the sector's middle half▲ 3.3%13.1within the sector's middle half▲ 3.1%13.3within the sector's middle half▲ 1.5%12.5within the sector's middle half▼ 6.0%13.5within the sector's middle half▲ 8.0%
above
within
below
the middle half (P25 to P75) of NACE 52, Warehousing and support activities for transportation, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 165% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €6.1m
Fixed assets
€766,550 ▼ 29.2%
Current assets
€5.3m ▲ 32.2%
Equity and liabilities €6.1m
Equity
€1.8m ▲ 71.1%
Debt
€4.2m ▲ 5.3%
Debt's share of the balance-sheet total falls from 78.9% to 69.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€1.2m▲
2023 · €978,916
Cash flow
€888,461▲
2023 · €872,440
Debt to equity
2.31▼
2023 · 3.75
ROE
41.5%▲
2023 · 27.2%
Interest coverage
379.36▲
2023 · 59.67
Debt ≤ 1 year
€4.2m▲
2023 · €4.0m
Debt > 1 year
€13,982▼
2023 · €39,619
Income taxes
€287,321▲
2023 · €115,895
Staff costs
€994,482▲
2023 · €910,285
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,129 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.7%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.5% 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 20,129 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | €22.6m | €24.8m | €24.2m | €26.5m | ▲ 9.4% |
| Turnover70 | €21.6m | €22.4m | €24.7m | €24.2m | €26.4m | ▲ 9.5% |
| Other operating income74 | - | €31,272 | €20,550 | €25,832 | €21,397 | ▼ 17.2% |
| Non-recurring operating income76A | - | €158,872 | €90,887 | €23,997 | €5,000 | ▼ 79.2% |
| Operating charges60/66A | - | €21.3m | €24.4m | €23.8m | €25.4m | ▲ 6.8% |
| Goods for resale, raw materials and consumables60 | - | €18.5m | €21.5m | €21.0m | €23.1m | ▲ 9.8% |
| Purchases600/8 | - | €18.5m | €21.5m | €21.0m | €23.1m | ▲ 9.8% |
| Services and other goods61 | - | €1.0m | €1.3m | €1.3m | €1.2m | ▼ 6.1% |
| Remuneration, social security and pensions62 | - | €807,157 | €892,814 | €910,285 | €994,482 | ▲ 9.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1.1m | €923,745 | €711,910 | €580,843 | €126,022 | ▼ 78.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | -€694 | €850 | - | - |
| Other operating charges640/8 | - | €7,813 | €10,185 | €5,094 | €4,391 | ▼ 13.8% |
| Non-recurring operating charges66A | - | €67 | - | - | - | - |
| Operating profit (loss)9901 | €518,969 | €1.3m | €396,448 | €398,073 | €1.1m | ▲ 165% |
| Financial income75/76B | - | €20,012 | €26,733 | €25,824 | €49,640 | ▲ 92.2% |
| Recurring financial income75 | €32,410 | €20,012 | €26,733 | €25,824 | €49,640 | ▲ 92.2% |
| Income from financial fixed assets750 | - | - | - | - | €3 | - |
| Income from current assets751 | - | - | - | - | €12,438 | - |
| Other financial income752/9 | - | €20,012 | €26,733 | €25,824 | €37,199 | ▲ 44.0% |
| Financial charges65/66B | - | €52,240 | €27,632 | €16,405 | €56,068 | ▲ 242% |
| Recurring financial charges65 | €47,012 | €52,240 | €27,632 | €16,405 | €56,068 | ▲ 242% |
| Debt charges650 | €42,165 | €27,000 | €27,632 | €16,405 | €3,116 | ▼ 81.0% |
| Other financial charges652/9 | - | €25,239 | - | - | €52,952 | - |
| Profit (loss) for the period before taxes9903 | €504,368 | €1.3m | €395,549 | €407,492 | €1.0m | ▲ 158% |
| Income taxes67/77 | €135,878 | €349,660 | €117,246 | €115,895 | €287,321 | ▲ 148% |
| Taxes670/3 | - | €349,660 | €117,246 | €115,895 | €287,321 | ▲ 148% |
| Profit (loss) for the period9904 | €368,489 | €931,740 | €278,302 | €291,597 | €762,439 | ▲ 161% |
| Transfer to tax-exempt reserves689 | - | €168,400 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €368,489 | €763,340 | €278,302 | €291,597 | €762,439 | ▲ 161% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €7.4m | €7.4m | €6.0m | €5.1m | €6.1m | ▲ 19.2% |
| Fixed assets21/28 | €3.9m | €3.1m | €1.8m | €1.1m | €766,550 | ▼ 29.2% |
| Intangible fixed assets21 | €46,370 | €37,031 | €27,775 | €18,519 | €9,263 | ▼ 50.0% |
| Tangible fixed assets22/27 | €2.3m | €1.4m | €862,408 | €307,024 | €355,125 | ▲ 15.7% |
| Land and buildings22 | - | €101,751 | €99,608 | €94,938 | €87,722 | ▼ 7.6% |
| Plant, machinery and equipment23 | - | €528 | €34,858 | €29,752 | €44,677 | ▲ 50.2% |
| Furniture and vehicles24 | - | €157,526 | €174,270 | €143,071 | €222,726 | ▲ 55.7% |
| Leasing and similar rights25 | - | €1.2m | €553,672 | €39,263 | - | - |
| Financial fixed assets28 | €1.5m | €1.6m | €940,372 | €756,412 | €402,162 | ▼ 46.8% |
| Affiliated companies280/1 | - | €1.6m | €934,080 | €750,120 | €395,870 | ▼ 47.2% |
| Amounts receivable281 | - | €1.6m | €934,080 | €750,120 | €395,870 | ▼ 47.2% |
| Other financial fixed assets284/8 | - | €6,292 | €6,292 | €6,292 | €6,292 | = |
| Shares284 | - | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Amounts receivable and cash guarantees285/8 | - | €1,292 | €1,292 | €1,292 | €1,292 | = |
| Current assets29/58 | €3.5m | €4.3m | €4.1m | €4.0m | €5.3m | ▲ 32.2% |
| Amounts receivable within one year40/41 | €3.2m | €2.8m | €2.8m | €2.8m | €4.0m | ▲ 43.2% |
| Trade receivables40 | - | €2.7m | €2.8m | €2.7m | €3.9m | ▲ 45.4% |
| Other amounts receivable41 | - | €91,296 | €89,455 | €94,971 | €75,446 | ▼ 20.6% |
| Current investments50/53 | - | - | - | €72,500 | €500,000 | ▲ 590% |
| Other investments51/53 | - | - | - | €72,500 | €500,000 | ▲ 590% |
| Cash at bank and in hand54/58 | €246,641 | €1.5m | €1.2m | €1.0m | €679,404 | ▼ 34.0% |
| Deferred charges and accrued income490/1 | - | €102,248 | €96,624 | €96,189 | €98,558 | ▲ 2.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €7.4m | €7.4m | €6.0m | €5.1m | €6.1m | ▲ 19.2% |
| Equity10/15 | €1.8m | €1.6m | €1.4m | €1.1m | €1.8m | ▲ 71.1% |
| Contributions10/11 | €61,500 | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Capital10 | - | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Issued capital100 | - | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Reserves13 | €1.3m | €1.5m | €1.2m | €1.0m | €1.0m | = |
| Non-distributable reserves130/1 | - | €6,150 | €6,150 | €6,150 | €6,150 | = |
| Legal reserve130 | - | €6,150 | €6,150 | €6,150 | €6,150 | = |
| Tax-exempt reserves132 | - | €987,200 | €987,200 | €987,200 | €987,200 | = |
| Distributable reserves133 | - | €474,468 | €202,770 | €17,757 | €17,757 | = |
| Profit (loss) carried forward14 | €422,050 | €98,390 | €98,390 | - | €762,439 | - |
| Amounts payable17/49 | €5.6m | €5.8m | €4.6m | €4.0m | €4.2m | ▲ 5.3% |
| Amounts payable after more than one year17 | €1.5m | €860,536 | €326,021 | €39,619 | €13,982 | ▼ 64.7% |
| Financial debts170/4 | - | €860,536 | €326,021 | €39,619 | €13,982 | ▼ 64.7% |
| Leasing and similar obligations172 | - | €751,440 | €193,355 | - | - | - |
| Credit institutions173 | - | €109,096 | €132,666 | €39,619 | €13,982 | ▼ 64.7% |
| Amounts payable within one year42/48 | €4.1m | €4.9m | €4.3m | €4.0m | €4.2m | ▲ 5.4% |
| Current portion of amounts payable after more than one year42 | - | €649,689 | €591,113 | €286,402 | €25,619 | ▼ 91.1% |
| Financial debts43 | - | €235,686 | - | - | - | - |
| Credit institutions430/8 | - | €23 | - | - | - | - |
| Other loans439 | - | €235,663 | - | - | - | - |
| Trade debts44 | €3.0m | €2.7m | €2.9m | €3.0m | €4.0m | ▲ 33.8% |
| Suppliers440/4 | - | €2.7m | €2.9m | €3.0m | €4.0m | ▲ 33.8% |
| Taxes, remuneration and social security45 | - | €214,390 | €229,856 | €130,713 | €171,219 | ▲ 31.0% |
| Taxes450/3 | - | €124,779 | €142,688 | €17,246 | €56,662 | ▲ 229% |
| Remuneration and social security454/9 | - | €89,611 | €87,168 | €113,467 | €114,556 | ▲ 1.0% |
| Other amounts payable47/48 | - | €1.1m | €550,000 | €575,000 | - | - |
| Accrued charges and deferred income492/3 | - | - | €540 | - | €25,198 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €368,489 | €931,740 | €278,302 | €291,597 | €762,439 | ▲ 161% |
| + Depreciation and write-downs630 | €1.1m | €923,745 | €711,910 | €580,843 | €126,022 | ▼ 78.3% |
| Operating cash flow (approximation) | €1.4m | €1.9m | €990,212 | €872,440 | €888,461 | ▲ 1.8% |
| Investment in fixed assets (approximation) | - | -€135,297 | €527,255 | €167,757 | €189,383 | ▲ 12.9% |
| Change in cash | - | €1.2m | -€280,671 | -€149,817 | -€350,498 | ▼ 134% |
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
2025
24-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
19-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
14-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
19-05
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Highest result since 2018net €931,740 ▲153%
Operating result €1.3m, net result €931,740, both a record.
14-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
25-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Weakest financial yearnet €169,114 ▼41.4%
Net result drops to €169,114, the lowest in the series; recovery starts the following year.
19-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
14-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
09-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
07-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 18 acts read
About the unread acts
We know of 18 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
18 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, Oostende · 1 establishment unit since 2002
Ground area
1.5 ha
Building footprint
2,083 m²
Volume, LiDAR
18,545 m³
Parcel 35026D0220/00F000, Flanders · tallest building 10.4 m, ±3 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
COOL SOLUTIONS NV
since 20022.114.587.627
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35026D0220/00F000 | Flanders | 1.5 ha | 1 · 2,083 m² | 10.4 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.
Structure & network
Owners and holdings
1 ownerChain of control
- CERIZO
- COOL SOLUTIONS
Highest known parent: CERIZO. The sources do not say who stands above it.
Owners 1
- CERIZOparentSourceaccounts CERIZO 202499%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 52 EUR awarded · 52 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 52 EUR | 52 EUR |
Recognitions · licences · registrations
Food safety, FASFC
1 siteOostende2.114.587.627
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Of 3,187 companies in sector 52250 we hold annual accounts for 1,963. 1,051 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded09-10-2002
Fiscal year end31-12
Activities, NACEBEL 2025
52250Logistics services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0478522972
Registered
26-08-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.