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COOLBLUE BELGIË

Active Public limited companyfounded 2004active for 22 yearsBorsbeeksebrug 28, 2600 AntwerpKBO/BCE: BE 0867.686.774 subsidiary of Coolblue Holding BV

Lifetime

20 annual accounts with figures on one time axis, 21 filings since 2005
peak €582.7m (2024)
€577.0m▼ 1.0%
lowest -€80,711 (2006)
€2.2m▲ 24.2%
peak €20.9m (2025)
€20.9m▲ 12.0%
€33.1m▲ 10.6%
peak 394.8 FTE (2022)
163.4 FTE▼ 58.3%
Board5 names since 2019
2 directorsBV COOLBLUE HOLDING and 1 other
Owners5 names in the annual accounts
100%Coolblue Holding BV and 1 other
Documentsfilings and deeds
06-07-202625 days before the deadline
2025financial year
Staff from 391.7 FTE to 163.4 FTEReappointment: BV COOLBLUE HOLDING (director) 21-051 establishment registeredCash from €234,099 to €5.8m

Key points

from the 2025 annual accounts

Equity

€20.9m ▲ 12.0%

COOLBLUE BELGIË has made a profit without a break since 2007.

Staff

163.4 FTE from 394.8 in 2022

Between 2022 and 2025, 59% of the full-time equivalents disappeared.

Filings

21 annual accounts since 2005
AprilJune31 JulyOctober20052010201520202025

The last five annual accounts were filed 20 to 54 days before the end of the period.

Checked score

94
Excellent
Financially stronger than 50% of medium-sized companies in retail trade (NACE 47)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 0.4% across 385 companies (NACE 47, medium-sized).

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: 0.3% 01-2025: 0.3%● unchanged vs 12-2024 02-2025: 0.3%● unchanged vs 01-2025 03-2025: 0.3%● unchanged vs 02-2025 04-2025: 0.3%● unchanged vs 03-2025 05-2025: 0.4%▲ +0.1 percentage points vs 04-2025 06-2025: 0.4%● unchanged vs 05-2025 07-2025: 0.5%▲ +0.1 percentage points vs 06-2025highest value 08-2025: 0.3%▼ -0.2 percentage points vs 07-2025 09-2025: 0.3%● unchanged vs 08-2025 10-2025: 0.3%● unchanged vs 09-2025 11-2025: 0.3%● unchanged vs 10-2025 12-2025: 0.3%● unchanged vs 11-2025 01-2026: 0.3%● unchanged vs 12-2025 02-2026: 0.3%● unchanged vs 01-2026 03-2026: 0.3%● unchanged vs 02-2026 04-2026: 0.3%● unchanged vs 03-2026 05-2026: 0.3%● unchanged vs 04-2026 06-2026: 0.3%● unchanged vs 05-2026 07-2026: 0.3%● unchanged vs 06-2026 08-2026: 0.1%▼ -0.2 percentage points vs 07-2026lowest value 09-2026: 0.1%● unchanged vs 08-2026lowest value 10-2026: 0.1%● unchanged vs 09-2026lowest value 11-2026: 0.1%● unchanged vs 10-2026lowest value

Financial strength
Average

63=equity 38.5% of total assets
32+12short-term debt 59.6% · cash 10.6%
58+1return on assets 4.1%

Score breakdown

raises risk
Sector: Retail trade (NACE 47)
lowers risk
Founded in 2004
Size: turnover €577.0m, 163.4 FTE, total assets €54.3m
Equity €20.9m (38.5% of total assets)
Calculation

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 47, medium-sized). It does better than 64% of them on solvency, 39% on liquidity, 48% on profitability and 50% on growth.

The bankruptcy probability was computed on 08-11-2026 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 very low class on 30-06-2025, 0.1% 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).

Comparable companies, two years later

In July 2024, 1,887 companies had the same profile as COOLBLUE BELGIË has now. Each dot stands for 5 companies, two years later.

97.9%
were still trading
2.0%
stopped another way
0.1%
went bankrupt
  • Medium-sized
  • 20 years or older
  • solvency 30% or more
  • a profit under 5% of the balance sheet

That fits the bankruptcy probability of COOLBLUE BELGIË itself: 0.1% within 12 months.

Test of the method

The method was tested on the 497,447 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.

The companies in ten equal groups, from the lowest to the highest expected share
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 1,887 companies, not a prediction for COOLBLUE BELGIË. 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.

Credit verdict

Credit of up to €1,950,000 on 30-day terms is acceptable

Liquidity is tight, with a current ratio of 1.21 (1.23 in 2024), below the usual 1.5. Short-term debt is 59.6% and cash 10.6% of total assets. 61.5% of the assets are financed with debt and provisions.

Credit check for an amount and term of your choice

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.

Signals

Five signals.
lowers riskraises riskneutral
lowers risk · Founded in 2004
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
lowers risk · Size: turnover €577.0m, 163.4 FTE, total assets €54.3m
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
raises risk · Sector: Retail trade (NACE 47)
KBO
lowers risk · Equity €20.9m (38.5% of total assets)
NBB · annual accounts
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 06-07-2026, 25 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
25 days early
2024
29 days early
2023
34 days early
2022
54 days early
2021
20 days early
2020
38 days early
2019
15 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 31 days before the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 2 July (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

BC
BV COOLBLUE HOLDING
Director, since 22-06-2024
CH
Coolblue Holding B.V.
Director, ZWART Pieter
Board & ownership

Recent changes

2 establishments registered Sint-Niklaas and Charleroi
Environmental permit granted Nieuwe publiciteitsinrichting (met inbegrip van vernieuwen van een bestaande vergunning) · Drogenbos
Environmental permit granted Nieuwe publiciteitsinrichting (met inbegrip van vernieuwen van een bestaande vergunning) · Drogenbos
Environmental permit granted Nieuwe publiciteitsinrichting (met inbegrip van vernieuwen van een bestaande vergunning) · Drogenbos
All 58 events

Comparable companies

same main activity, similar in size and age
Company
COOLBLUE BELGIË Antwerp €577.0m 0.4% 38.5% 163.4
Media Markt Wilrijk-Boortmeerbeek Antwerp €60.5m -0.6% -3.7% 101.1
EGGO GROUP Namur €14.0m 4.1% - 145.6
ELECTRO DEPOT BELGIUM Anderlecht €146.1m 3.9% 27.3% 243.1
FNAC BELGIUM Sint-Pieters-Leeuw €130.0m -8.4% -23.6% 311.2
MEDIA MARKT Bruxelles Rue Neuve - MEDIA MARKT Brussel Nieuwstraat Brussels €40.3m 0.2% 0.6% 69.7
MEDIA MARKT BRAINE - L' ALLEUD Braine-l'Alleud €44.3m 2.9% 1.0% 66.1
-10%0%10%20%€20m€200m€2bnCOOLBLUE BELGIËEBIT margin

Grey: the largest companies of the sector (retail trade (NACE 47)), without their names. Blue: the sector peers from the table.

These companies have the same main activity as COOLBLUE BELGIË: retail sale of electrical household appliances (NACE 47540). They are comparable in size and age: total assets between €9.8m and €61m, founded between 1981 and 2014.

Official details

Source: KBO
Status
Active since 27-09-2004Normal situation
Registered office
20 active companies are registered at this address1 started in the 12 months before. Source: KBO register, as of 9 November 2026.
Activity
Retail sale of electrical household appliancesNACE 47540
Joint committee
311Large retail businesses · annual accounts 2025
Establishment units
2.143.109.8822610 Antwerp, since 07-10-2004
2.218.016.4509040 Ghent, since 28-01-2013and 12 others
Financial year end
31 December
Peppol
Reachable
Company details

Annual accounts 2025

€54.3m▲ 11.3%
Employeeson 31-12-2025
223▼ 53.2%
Filing
Filed on 06-07-2026, 25 days before the end of the filing period
Financials

Insights on COOLBLUE BELGIË

COOLBLUE BELGIË has existed since 2004. Turnover grew from €19.5m in 2009 to €577.0m in 2025 and staff from 19.1 to 163.4 full-time equivalents.

Coolblue Holding BV 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.

Key facts about COOLBLUE BELGIË

What is the company number of COOLBLUE BELGIË?
The company number of COOLBLUE BELGIË is 0867.686.774. The VAT number is the same number with BE in front: BE 0867.686.774.
Where is COOLBLUE BELGIË based?
The registered office is at Borsbeeksebrug 28, 2600 Antwerp.Company details
What does COOLBLUE BELGIË do?
According to the KBO register, the main activity is retail sale of electrical household appliances (NACE 47540).
What is the legal form of COOLBLUE BELGIË?
COOLBLUE BELGIË is a public limited company (NV).
When was COOLBLUE BELGIË founded?
COOLBLUE BELGIË was founded on 27-09-2004.
Is COOLBLUE BELGIË still active?
Yes, COOLBLUE BELGIË is an active enterprise in the KBO register.
How many employees does COOLBLUE BELGIË have?
COOLBLUE BELGIË had an average of 163.4 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
Which joint committee does COOLBLUE BELGIË fall under?
In its 2025 annual accounts, COOLBLUE BELGIË states joint committee 311 (Large retail businesses).
What is the turnover of COOLBLUE BELGIË?
The turnover of COOLBLUE BELGIË was €577.0m in financial year 2025, according to the filed annual accounts.
Is COOLBLUE BELGIË profitable?
In financial year 2025, COOLBLUE BELGIË made a profit of €2.2m.
Where can I find the annual accounts of COOLBLUE BELGIË?
COOLBLUE BELGIË filed 21 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of COOLBLUE BELGIË due?
COOLBLUE BELGIË must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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