Cool Technics
ActiveFinancials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 30-04-2026 PDF all 4 filings
Turnover
≈ €280,000
Estimated: probably between €220,000 and €410,000
Total assets
€300,656▲ 24.2%
2024 · €242,109
Net result
€43,667▲ 24.3%
2024 · €35,143
Working capital
€115,131▲ 50.0%
2024 · €76,767
Multi-year overview
2022 to 2025, 4 financial yearsOperating result
€65,339
▲ 24.3%
2025
20222025
Net result
€43,667
▲ 24.3%
2025
middle half of the sector
20222025
Equity
€126,786
▲ 52.5%
2025
middle half of the sector
20222025
Total assets
€300,656
▲ 24.2%
2025
middle half of the sector
20222025
Debt
€173,870
▲ 9.4%
2025
20222025
Working capital
€115,131
▲ 50.0%
2025
middle half of the sector
20222025
Solvency
42.2%
▲ 7.8pp
2025
middle half of the sector
20222025
Current ratio
1.66
▲ 0.14
2025
middle half of the sector
20222025
Return on assets (ROA)
14.5%
=
2025
highest quarter of the sector
20222025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2022202320242025
Operating result€27,891-€36,460▲ 30.7%€52,575▲ 44.2%€65,339▲ 24.3%
Net result€18,518within the sector's middle half-€24,458within the sector's middle half▲ 32.1%€35,143within the sector's middle half▲ 43.7%€43,667within the sector's middle half▲ 24.3%
Equity€23,518below the sector's middle half-€47,976below the sector's middle half▲ 104%€83,119below the sector's middle half▲ 73.3%€126,786within the sector's middle half▲ 52.5%
Total assets€208,087below the sector's middle half-€204,827below the sector's middle half▼ 1.6%€242,109below the sector's middle half▲ 18.2%€300,656within the sector's middle half▲ 24.2%
Debt€184,570-€156,851▼ 15.0%€158,991▲ 1.4%€173,870▲ 9.4%
Working capital-€15,960below the sector's middle half-€20,685below the sector's middle half€76,767within the sector's middle half▲ 271%€115,131within the sector's middle half▲ 50.0%
Solvency11.3%below the sector's middle half-23.4%below the sector's middle half▲ 12.1pp34.3%within the sector's middle half▲ 10.9pp42.2%within the sector's middle half▲ 7.8pp
Current ratio0.91below the sector's middle half-1.13below the sector's middle half▲ 0.221.52within the sector's middle half▲ 0.391.66within the sector's middle half▲ 0.14
Return on assets (ROA)8.9%within the sector's middle half-11.9%within the sector's middle half▲ 3.0pp14.5%above the sector's middle half▲ 2.6pp14.5%above the sector's middle half=
above
within
below
The sector band is the middle half of the companies in Specialised construction activities (NACE 43). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 24% higher than in 2024 and the highest since 2022. It is the third rise in a row.
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €300,656
Fixed assets
€11,655 ▼ 36.7%
Current assets
€289,002 ▲ 29.2%
Equity and liabilities €300,656
Equity
€126,786 ▲ 52.5%
Debt
€173,870 ▲ 9.4%
Debt's share of the balance-sheet total falls from 65.7% to 57.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€74,380▲
2024 · €61,460
Cash flow
€52,708▲
2024 · €44,028
Debt to equity
1.37▼
2024 · 1.91
ROE
34.4%▼
2024 · 42.3%
Interest coverage
over 100
2024 · over 100
Debt ≤ 1 year
€173,870▲
2024 · €146,937
Income taxes
€22,311▲
2024 · €17,436
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Tangible fixed assets | €36,300 | - | - | €2,289 |
| Intangible fixed assets | €10,000 | - | - | - |
| Depreciation and write-downs of the year | €6,823 | €8,885 | €8,885 | €9,041 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2023 to 2024 · 2 entries · €383 awarded · €371 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2024 | 1 | €0 | €371 |
| 2023 | 1 | €383 | €0 |
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €2,484 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,823 | €8,885 | €8,885 | €9,041 | ▲ 1.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €2,308 | - |
| Other operating charges640/8 | €662 | €1,566 | €927 | €1,828 | ▲ 97.2% |
| Gross operating margin9900 | €35,376 | €46,911 | €62,387 | €78,515 | ▲ 25.9% |
| Operating profit (loss)9901 | €27,891 | €36,460 | €52,575 | €65,339 | ▲ 24.3% |
| Financial income75/76B | €6 | €403 | €86 | €679 | ▲ 691% |
| Recurring financial income75 | €6 | €403 | €86 | €679 | ▲ 691% |
| Financial charges65/66B | €47 | €145 | €82 | €40 | ▼ 50.7% |
| Recurring financial charges65 | €47 | €145 | €82 | €40 | ▼ 50.7% |
| Profit (loss) for the period before taxes9903 | €27,851 | €36,717 | €52,579 | €65,978 | ▲ 25.5% |
| Income taxes67/77 | €9,333 | €12,259 | €17,436 | €22,311 | ▲ 28.0% |
| Profit (loss) for the period9904 | €18,518 | €24,458 | €35,143 | €43,667 | ▲ 24.3% |
| Profit (loss) for the period to be appropriated9905 | €18,518 | €24,458 | €35,143 | €43,667 | ▲ 24.3% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €208,087 | €204,827 | €242,109 | €300,656 | ▲ 24.2% |
| Fixed assets21/28 | €39,477 | €27,291 | €18,406 | €11,655 | ▼ 36.7% |
| Intangible fixed assets21 | €9,301 | €8,301 | €7,301 | €6,301 | ▼ 13.7% |
| Tangible fixed assets22/27 | €30,176 | €18,990 | €11,105 | €5,353 | ▼ 51.8% |
| Plant, machinery and equipment23 | €8,253 | €5,753 | €3,253 | €753 | ▼ 76.8% |
| Furniture and vehicles24 | €21,923 | €13,236 | €7,851 | €2,466 | ▼ 68.6% |
| Other tangible fixed assets26 | - | - | - | €2,134 | - |
| Current assets29/58 | €168,610 | €177,536 | €223,704 | €289,002 | ▲ 29.2% |
| Amounts receivable within one year40/41 | €38,938 | €15,204 | €17,717 | €33,692 | ▲ 90.2% |
| Trade receivables40 | €26,408 | €10,327 | €10,392 | €8,832 | ▼ 15.0% |
| Other amounts receivable41 | €12,530 | €4,877 | €7,325 | €24,861 | ▲ 239% |
| Current investments50/53 | - | - | - | €10,228 | - |
| Cash at bank and in hand54/58 | €126,580 | €160,711 | €204,729 | €244,168 | ▲ 19.3% |
| Deferred charges and accrued income490/1 | €3,092 | €1,621 | €1,257 | €913 | ▼ 27.4% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €208,087 | €204,827 | €242,109 | €300,656 | ▲ 24.2% |
| Equity10/15 | €23,518 | €47,976 | €83,119 | €126,786 | ▲ 52.5% |
| Contributions10/11 | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Reserves13 | €18,518 | €42,976 | €78,119 | €121,786 | ▲ 55.9% |
| Distributable reserves133 | €18,518 | €42,976 | €78,119 | €121,786 | ▲ 55.9% |
| Amounts payable17/49 | €184,570 | €156,851 | €158,991 | €173,870 | ▲ 9.4% |
| Amounts payable within one year42/48 | €184,570 | €156,851 | €146,937 | €173,870 | ▲ 18.3% |
| Trade debts44 | €62,707 | €44,855 | €41,183 | €31,345 | ▼ 23.9% |
| Suppliers440/4 | €62,707 | €44,855 | €41,183 | €31,345 | ▼ 23.9% |
| Advances received on contracts in progress46 | €32,337 | €23,817 | €10,973 | €7,284 | ▼ 33.6% |
| Taxes, remuneration and social security45 | €9,333 | €6,959 | €15,195 | €42,850 | ▲ 182% |
| Taxes450/3 | €9,333 | €5,259 | €15,195 | €42,850 | ▲ 182% |
| Remuneration and social security454/9 | - | €1,700 | - | - | - |
| Other amounts payable47/48 | €80,192 | €81,220 | €79,586 | €92,391 | ▲ 16.1% |
| Accrued charges and deferred income492/3 | - | - | €12,054 | - | - |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €18,518 | €24,458 | €35,143 | €43,667 | ▲ 24.3% |
| + Depreciation and write-downs630 | €6,823 | €8,885 | €8,885 | €9,041 | ▲ 1.8% |
| Operating cash flow (approximation) | €25,340 | €33,343 | €44,028 | €52,708 | ▲ 19.7% |
| Investment in fixed assets (approximation) | - | €3,301 | €0 | -€2,289 | - |
| Change in cash | - | €34,130 | €44,019 | €39,439 | ▼ 10.4% |
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, 39,278 companies had the same profile as Cool Technics has now. Two years later, 95.8% were still going and 1.8% had gone bankrupt.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
95.8%
was still going
2.3%
stopped otherwise
1.8%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of Cool Technics itself is lower: 0.2% within 12 months. It rests on far more data about Cool Technics than the profile alone.
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 39,278 companies, not a prediction for Cool Technics. 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.