COOL SOLUTIONS
ActiveFinancials · financial year 2025, full format
Annual accounts 2025 filed on 19-06-2026 at the NBB all 23 filings
Every figure per financial year
The operating result for 2025 is 97% higher than in 2024 and the highest since 2021. It is the third rise in a row, after the fall in 2022.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 14 | 13 | 13 | 16 | 17 |
| full-time | 11 | 9 | 10 | 13 | 14 |
| part-time | 3 | 4 | 3 | 3 | 3 |
| in full-time equivalents | 13.4 | 12 | 12.2 | 15.2 | 16.2 |
| Average over the year, in full-time equivalents | 13.1 | 13.3 | 12.5 | 13.5 | 15.8 |
| On a permanent contract | 14 | 12 | 12 | 15 | 16 |
| Joined | 3 | 3 | 2 | 4 | 2 |
| Left | 2 | 4 | 2 | 1 | 1 |
| Agency workers, average number | 0.2 | - | 0.1 | 0.4 | - |
| Training hours | 4 | - | 16 | - | - |
Source: social balance sheet in the 2021 to 2025 annual accounts
Securities and guarantees
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Debts secured on the company's own assets | €1.5m | - | - | - | - |
| Pledge on the business | €2.8m | €2.8m | €2.8m | €1.3m | €1.3m |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €23,913 | €151,456 | €17,643 | €164,867 | €9,506 |
| Depreciation and write-downs of the year | €923,745 | €711,910 | €580,843 | €126,022 | €90,331 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Auditor
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Fee for the audit | €5,276 | €5,628 | €5,653 | €6,192 | €6,675 |
Source: notes to the 2021 to 2025 annual accounts (relations with the auditor)
Subsidies and aid
Flemish government
2022 · 1 entry · €52 awarded · €52 paid| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €22.6m | €24.8m | €24.2m | €26.5m | €32.5m | ▲ 22.8% |
| Turnover70 | €22.8m | €24.4m | €21.6m | €22.4m | €24.7m | €24.2m | €26.4m | €32.4m | ▲ 22.5% |
| Other operating income74 | - | - | - | €0.03m | €0.02m | €0.03m | €0.02m | €0.07m | ▲ 220% |
| Non-recurring operating income76A | - | - | - | €0.2m | €0.09m | €0.02m | €0.005m | €0.03m | ▲ 567% |
| Operating charges60/66A | - | - | - | €21.3m | €24.4m | €23.8m | €25.4m | €30.4m | ▲ 19.7% |
| Goods for resale, raw materials and consumables60 | - | - | - | €18.5m | €21.5m | €21.0m | €23.1m | €28.0m | ▲ 21.3% |
| Purchases600/8 | - | - | - | €18.5m | €21.5m | €21.0m | €23.1m | €28.0m | ▲ 21.3% |
| Services and other goods61 | - | - | - | €1.0m | €1.3m | €1.3m | €1.2m | €1.0m | ▼ 15.3% |
| Remuneration, social security and pensions62 | - | - | - | €0.8m | €0.9m | €0.9m | €1.0m | €1.3m | ▲ 29.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.8m | €1.1m | €1.1m | €0.9m | €0.7m | €0.6m | €0.1m | €0.09m | ▼ 28.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | -€0.001m | €0.001m | - | €0.009m | - |
| Other operating charges640/8 | - | - | - | €0.008m | €0.01m | €0.005m | €0.004m | €0.004m | ▼ 17.8% |
| Non-recurring operating charges66A | - | - | - | €67 | - | - | - | €0.001m | - |
| Operating profit (loss)9901 | €0.4m | €0.3m | €0.5m | €1.3m | €0.4m | €0.4m | €1.1m | €2.1m | ▲ 97.3% |
| Financial income75/76B | - | - | - | €0.02m | €0.03m | €0.03m | €0.05m | €0.2m | ▲ 244% |
| Recurring financial income75 | €0.01m | €0.01m | €0.03m | €0.02m | €0.03m | €0.03m | €0.05m | €0.2m | ▲ 244% |
| Income from financial fixed assets750 | - | - | - | - | - | - | €3 | - | - |
| Income from current assets751 | - | - | - | - | - | - | €0.01m | €0.02m | ▲ 57.2% |
| Other financial income752/9 | - | - | - | €0.02m | €0.03m | €0.03m | €0.04m | €0.2m | ▲ 306% |
| Financial charges65/66B | - | - | - | €0.05m | €0.03m | €0.02m | €0.06m | €0.1m | ▲ 147% |
| Recurring financial charges65 | €0.04m | €0.06m | €0.05m | €0.05m | €0.03m | €0.02m | €0.06m | €0.1m | ▲ 75.9% |
| Debt charges650 | €0.03m | €0.05m | €0.04m | €0.03m | €0.03m | €0.02m | €0.003m | €0.005m | ▲ 55.8% |
| Other financial charges652/9 | - | - | - | €0.03m | - | - | €0.05m | €0.09m | ▲ 77.1% |
| Non-recurring financial charges66B | - | - | - | - | - | - | - | €0.04m | - |
| Profit (loss) for the period before taxes9903 | €0.4m | €0.2m | €0.5m | €1.3m | €0.4m | €0.4m | €1.0m | €2.1m | ▲ 102% |
| Income taxes67/77 | €0.09m | €0.07m | €0.1m | €0.3m | €0.1m | €0.1m | €0.3m | €0.6m | ▲ 111% |
| Taxes670/3 | - | - | - | €0.3m | €0.1m | €0.1m | €0.3m | €0.6m | ▲ 111% |
| Tax adjustments and reversals of tax provisions77 | - | - | - | - | - | - | - | €336 | - |
| Profit (loss) for the period9904 | €0.3m | €0.2m | €0.4m | €0.9m | €0.3m | €0.3m | €0.8m | €1.5m | ▲ 98.1% |
| Transfer from tax-exempt reserves789 | - | - | - | - | - | - | - | €0.2m | - |
| Transfer to tax-exempt reserves689 | - | - | - | €0.2m | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €0.2m | €0.04m | €0.4m | €0.8m | €0.3m | €0.3m | €0.8m | €1.7m | ▲ 120% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €6.2m | €8.4m | €7.4m | €7.4m | €6.0m | €5.1m | €6.1m | €6.2m | ▲ 2.7% |
| Fixed assets21/28 | €3.0m | €5.0m | €3.9m | €3.1m | €1.8m | €1.1m | €0.8m | €0.3m | ▼ 64.2% |
| Intangible fixed assets21 | €0.07m | €0.06m | €0.05m | €0.04m | €0.03m | €0.02m | €0.009m | €7 | ▼ 99.9% |
| Tangible fixed assets22/27 | €2.4m | €3.3m | €2.3m | €1.4m | €0.9m | €0.3m | €0.4m | €0.3m | ▼ 24.6% |
| Land and buildings22 | - | - | - | €0.1m | €0.1m | €0.09m | €0.09m | €0.08m | ▼ 10.0% |
| Plant, machinery and equipment23 | - | - | - | €0.001m | €0.03m | €0.03m | €0.04m | €0.03m | ▼ 29.7% |
| Furniture and vehicles24 | - | - | - | €0.2m | €0.2m | €0.1m | €0.2m | €0.2m | ▼ 29.3% |
| Leasing and similar rights25 | - | - | - | €1.2m | €0.6m | €0.04m | - | - | - |
| Financial fixed assets28 | €0.6m | €1.6m | €1.5m | €1.6m | €0.9m | €0.8m | €0.4m | €0.006m | ▼ 98.4% |
| Affiliated companies280/1 | - | - | - | €1.6m | €0.9m | €0.8m | €0.4m | - | - |
| Amounts receivable281 | - | - | - | €1.6m | €0.9m | €0.8m | €0.4m | - | - |
| Other financial fixed assets284/8 | - | - | - | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Shares284 | - | - | - | €0.005m | €0.005m | €0.005m | €0.005m | €0.005m | = |
| Amounts receivable and cash guarantees285/8 | - | - | - | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | = |
| Current assets29/58 | €3.2m | €3.3m | €3.5m | €4.3m | €4.1m | €4.0m | €5.3m | €6.0m | ▲ 12.4% |
| Amounts receivable within one year40/41 | €2.9m | €3.0m | €3.2m | €2.8m | €2.8m | €2.8m | €4.0m | €4.1m | ▲ 1.9% |
| Trade receivables40 | - | - | - | €2.7m | €2.8m | €2.7m | €3.9m | €4.1m | ▲ 2.7% |
| Other amounts receivable41 | - | - | - | €0.09m | €0.09m | €0.09m | €0.08m | €0.05m | ▼ 37.3% |
| Current investments50/53 | - | - | - | - | - | €0.07m | €0.5m | €0.8m | ▲ 50.0% |
| Other investments51/53 | - | - | - | - | - | €0.07m | €0.5m | €0.8m | ▲ 50.0% |
| Cash at bank and in hand54/58 | €0.2m | €0.2m | €0.2m | €1.5m | €1.2m | €1.0m | €0.7m | €1.0m | ▲ 52.5% |
| Deferred charges and accrued income490/1 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | €0.07m | ▼ 25.9% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €6.2m | €8.4m | €7.4m | €7.4m | €6.0m | €5.1m | €6.1m | €6.2m | ▲ 2.7% |
| Equity10/15 | €1.2m | €1.4m | €1.8m | €1.6m | €1.4m | €1.1m | €1.8m | €1.8m | ▲ 0.6% |
| Contributions10/11 | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Capital10 | - | - | - | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Issued capital100 | - | - | - | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Reserves13 | €1.2m | €1.3m | €1.3m | €1.5m | €1.2m | €1.0m | €1.0m | €1.0m | = |
| Non-distributable reserves130/1 | - | - | - | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Legal reserve130 | - | - | - | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Tax-exempt reserves132 | - | - | - | €1.0m | €1.0m | €1.0m | €1.0m | €0.8m | ▼ 17.1% |
| Distributable reserves133 | - | - | - | €0.5m | €0.2m | €0.02m | €0.02m | €0.2m | ▲ 948% |
| Profit (loss) carried forward14 | €0.01m | €0.05m | €0.4m | €0.1m | €0.1m | - | €0.8m | €0.8m | ▲ 1.4% |
| Provisions and deferred taxes16 | €0.3m | - | - | - | - | - | - | - | - |
| Amounts payable17/49 | €4.7m | €7.0m | €5.6m | €5.8m | €4.6m | €4.0m | €4.2m | €4.4m | ▲ 3.7% |
| Amounts payable after more than one year17 | €1.2m | €1.9m | €1.5m | €0.9m | €0.3m | €0.04m | €0.01m | €0.001m | ▼ 92.4% |
| Financial debts170/4 | - | - | - | €0.9m | €0.3m | €0.04m | €0.01m | €0.001m | ▼ 92.4% |
| Leasing and similar obligations172 | - | - | - | €0.8m | €0.2m | - | - | - | - |
| Credit institutions173 | - | - | - | €0.1m | €0.1m | €0.04m | €0.01m | €0.001m | ▼ 92.4% |
| Amounts payable within one year42/48 | €3.5m | €5.1m | €4.1m | €4.9m | €4.3m | €4.0m | €4.2m | €4.4m | ▲ 4.6% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.6m | €0.6m | €0.3m | €0.03m | €0.01m | ▼ 49.6% |
| Financial debts43 | - | - | - | €0.2m | - | - | - | - | - |
| Credit institutions430/8 | - | - | - | €23 | - | - | - | - | - |
| Other loans439 | - | - | - | €0.2m | - | - | - | - | - |
| Trade debts44 | €1.9m | €2.9m | €3.0m | €2.7m | €2.9m | €3.0m | €4.0m | €4.0m | ▲ 0.4% |
| Suppliers440/4 | - | - | - | €2.7m | €2.9m | €3.0m | €4.0m | €4.0m | ▲ 0.4% |
| Taxes, remuneration and social security45 | - | - | - | €0.2m | €0.2m | €0.1m | €0.2m | €0.3m | ▲ 93.9% |
| Taxes450/3 | - | - | - | €0.1m | €0.1m | €0.02m | €0.06m | €0.2m | ▲ 179% |
| Remuneration and social security454/9 | - | - | - | €0.09m | €0.09m | €0.1m | €0.1m | €0.2m | ▲ 51.9% |
| Other amounts payable47/48 | - | - | - | €1.1m | €0.6m | €0.6m | - | €0.03m | - |
| Accrued charges and deferred income492/3 | - | - | - | - | €0.001m | - | €0.03m | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.3m | €0.2m | €0.4m | €0.9m | €0.3m | €0.3m | €0.8m | €1.5m | ▲ 98.1% |
| + Depreciation and write-downs630 | €0.8m | €1.1m | €1.1m | €0.9m | €0.7m | €0.6m | €0.1m | €0.09m | ▼ 28.3% |
| Operating cash flow (approximation) | €1.1m | €1.3m | €1.4m | €1.9m | €1.0m | €0.9m | €0.9m | €1.6m | ▲ 80.2% |
| Investment in fixed assets (approximation) | - | -€3.2m | €0.1m | -€0.1m | €0.5m | €0.2m | €0.2m | €0.4m | ▲ 112% |
| Change in cash | - | €0.04m | €0.002m | €1.2m | -€0.3m | -€0.1m | -€0.4m | €0.4m | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 2,613 companies had the same profile as COOL SOLUTIONS has now. Two years later, 97.3% were still going and 0.7% had gone bankrupt.
- Small
- 20 years or older
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
That fits the bankruptcy probability of COOL SOLUTIONS itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 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 2,613 companies, not a prediction for COOL SOLUTIONS. 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.
Latest 10 of 23 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 19-06-2026 | 2026-00184842 | |
| 31-12-2024 | full format | 24-06-2025 | 2025-00183696 | |
| 31-12-2023 | full format | 19-06-2024 | 2024-00155801 | |
| 31-12-2022 | full format | 14-06-2023 | 2023-00125500 | |
| 31-12-2021 | full format | 19-05-2022 | 2022-20029722 | |
| 31-12-2020 | full format | 14-06-2021 | 2021-19900021 | |
| 31-12-2019 | full format | 25-06-2020 | 2020-20900533 | |
| 31-12-2018 | full format | 19-06-2019 | 2019-20600158 | |
| 31-12-2017 | full format | 14-06-2018 | 2018-19100069 | |
| 31-12-2016 | full format | 09-06-2017 | 2017-16500282 |