COOLS VEEGWERKEN
ActiveSummary
COOLS VEEGWERKEN has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €678k and a net result of €-115k. Equity is growing by ~9.4% per year across the filed fiscal years. Its solvency ranks better than 65% of 1202 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
51
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability7▼-60
Solvency80▼-17
Growth52=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity ample (current ratio 2.32 against 3.49 in 2024; short-term debt: 38.3% and cash: 3.3% of total assets), and 45.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four 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 81
Relative position
BE, all sectors
reference
Sector 81
higher
← 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
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-115k
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 01-06-2026, 60 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
60 d early
2024
45 d early
2023
44 d early
2022
13 d early
2021
97 d early
2020
52 d late
2019
41 d late
← before the deadline
after the deadline →
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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€678k▼ 14.5%
2024 · €793k
2018: €403k
2019: €469k
2020: €592k
2021: €613k
2022: €636k
2023: €807k
2024: €793k
2018 → 2025
Total assets
€1.24M▲ 13.1%
2024 · €1.09M
2018: €1.15M
2019: €611k
2020: €934k
2021: €908k
2022: €793k
2023: €1.02M
2024: €1.09M
2018 → 2025
Net result
€-115k▼ 700%
2024 · €-14k
2018: €189k
2019: €106k
2020: €163k
2021: €62k
2022: €22k
2023: €171k
2024: €-14k
2018 → 2025
Working capital
€624k▼ 4.5%
2024 · €653k
2018: €357k
2019: €218k
2020: €346k
2021: €229k
2022: €367k
2023: €630k
2024: €653k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€613k-€636k▲ 3.6%€807k▲ 27.0%€793k▼ 1.8%€678k▼ 14.5%
Operating result€81k-€41k▼ 49.8%€226k▲ 451%€-27k€-126k▼ 369%
Net result€62k-€22k▼ 63.7%€171k▲ 666%€-14k€-115k▼ 700%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €126k in 2025 against €27k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.24M
Fixed assets
€139k ▼ 22.0%
Current assets
€1.10M ▲ 19.9%
Equity and liabilities €1.24M
Equity
€678k ▼ 14.5%
Debt
€559k ▲ 85.7%
Debt's share of the balance-sheet total rises from 27.5% to 45.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-35k▼
2024 · €56k
Cash flow
€-24k▼
2024 · €68k
Current ratio
2.32▼
2024 · 3.49
Quick ratio
2.30▼
2024 · 3.27
Debt to equity
0.82▲
2024 · 0.38
ROE
-17.0%▼
2024 · -1.8%
ROA
-9.3%▼
2024 · -1.3%
Interest coverage
-3.80▼
2024 · 8.17
Debt ≤ 1 year
€474k▲
2024 · €263k
Debt > 1 year
€77k▲
2024 · €30k
Income taxes
€0▲
2024 · €0
Staff costs
€451k▲
2024 · €370k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 58 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.09M€1.24M▲
Fixed assets21/28€178k€139k▼
Tangible fixed assets22/27€170k€137k▼
Land and buildings22€47k€54k▲
Plant, machinery and equipment23€76k€28k▼
Furniture and vehicles24€46k€15k▼
Leasing and similar rights25-€39k
Financial fixed assets28€8k€2k▼
Current assets29/58€916k€1.10M▲
Stocks and contracts in progress3€56k€6k▼
Stocks30/36-€6k
Contracts in progress37€56k€0▼
Amounts receivable within one year40/41€823k€1.05M▲
Trade receivables40€161k€159k▼
Other amounts receivable41€662k€886k▲
Cash at bank and in hand54/58€33k€40k▲
Deferred charges and accrued income490/1€3k€6k▲
Equity and liabilities
Total equity and liabilities10/49€1.09M€1.24M▲
Equity10/15€793k€678k▼
Contributions10/11€19k€19k=
Reserves13€774k€659k▼
Tax-exempt reserves132€4k€1k▼
Distributable reserves133€770k€658k▼
Amounts payable17/49€301k€559k▲
Amounts payable after more than one year17€30k€77k▲
Financial debts170/4€30k€77k▲
Amounts payable within one year42/48€263k€474k▲
Current portion of amounts payable after more than one year42€30k€23k▼
Financial debts43€10k€8k▼
Credit institutions430/8€10k€8k▼
Trade debts44€157k€375k▲
Suppliers440/4€157k€375k▲
Taxes, remuneration and social security45€65k€68k▲
Taxes450/3€31k€4k▼
Remuneration and social security454/9€35k€64k▲
Accrued charges and deferred income492/3€8k€8k▲
Income statement
Code20242025
Non-recurring operating income76A€0-
Remuneration, social security and pensions62€370k€451k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€82k€91k▲
Other operating charges640/8€8k€7k▼
Non-recurring operating charges66A€1k€2k▲
Gross operating margin9900€435k€425k▼
Operating profit (loss)9901€-27k€-126k▼
Financial income75/76B€20k€20k▲
Recurring financial income75€20k€20k▲
Financial charges65/66B€8k€9k▲
Recurring financial charges65€7k€9k▲
Non-recurring financial charges66B€776€0▼
Profit (loss) for the period before taxes9903€-14k€-115k▼
Income taxes67/77€0€0▲
Profit (loss) for the period9904€-14k€-115k▼
Transfer from tax-exempt reserves789€3k€3k=
Profit (loss) for the period to be appropriated9905€-12k€-112k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-12k€-112k▼
Transfer from equity791/2€12k€112k▲
Transfer to equity691/2€0-
To other reserves6921€0-
Social balance
Average headcount (FTE)90875.26.2▲
The notes to these accounts (17 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
01-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet €-115k
Net result drops to €-115k, the lowest in the series.
16-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
17-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
18-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Liquidity doublescurrent ratio 4.35
Current ratio from 2.15 to 4.35; short-term debt falls from €199k to €110k.
25-04
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
21-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 52 days late
2020
31-12
Financial
Equity above €500kEq €592k ▲26.1%
3 profitable years in a row build equity to €592k.
10-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 41 days late
2019
26-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
26-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
27-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Maldegem · 1 establishment unit since 1994
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Krommewege 319990 MaldegemGround area
1.3 ha
Building footprint
4,482 m²
Volume, LiDAR
30,446 m³
2 parcels, Flanders · tallest building 9.7 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
COOLS VEEGWERKEN
since 19942.045.101.775
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 43010C0318/00D000 | Flanders | 9,829 m² | 1 · 3,185 m² | 9.7 m · 3 fl. |
| 36011E0511/00E000 | Flanders | 3,615 m² | 1 · 1,297 m² | 6.8 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 900 EUR awarded · 900 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 900 EUR | 900 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 1,706 companies in sector 81230 we hold annual accounts for 473. 262 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded15-09-1989
Fiscal year end31-12
Activities, NACEBEL 2025
81230Other cleaning activities
Sources
Crossroads Bank for EnterprisesNational Bank · 36 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.