Coolsaet Engineering
ActiveSummary
Coolsaet Engineering has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €483k and a net result of €38k. Equity is growing by ~10.6% per year across the filed fiscal years. Its solvency ranks better than 45% of 681 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability53▲+16
Solvency66▲+1
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity short (current ratio 0.1 against 0.52 in 2024; short-term debt: 13.4% and cash: 0.8% of total assets), and 58.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 58
Relative position
BE, all sectors
reference
Publishing activities (NACE 58)
about 30% fewer 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 2025Solvency, return and age of the figures
Solvency
41.4%
Return on assets
3.2%
Age of the figures
9 mo
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 17-05-2026, 75 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
75 d early
2024
31 d early
2023
31 d late
2022
31 d early
2021
61 d late
2020
31 d early
2019
17 d early
← 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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€483k▼ 4.4%
2024 · €506k
2019: €108klowest in 7 years
2020: €301k▲ +180% vs 2019
2021: €442k▲ +46.8% vs 2020
2022: €543k▲ +22.8% vs 2021highest in 7 years
2023: €506k▼ -6.9% vs 2022
2024: €506k● +0.0% vs 2023
2025: €483k▼ -4.4% vs 2024
2019 → 2025
Total assets
€1.17M▼ 7.3%
2024 · €1.26M
2019: €496klowest in 7 years
2020: €1.66M▲ +235% vs 2019
2021: €1.64M▼ -1.3% vs 2020
2022: €1.67M▲ +1.6% vs 2021highest in 7 years
2023: €1.44M▼ -13.6% vs 2022
2024: €1.26M▼ -12.5% vs 2023
2025: €1.17M▼ -7.3% vs 2024
2019 → 2025
Net result
€38k▲ 2,101%
2024 · €2k
2019: €15k
2020: €195k▲ +1206% vs 2019highest in 7 years
2021: €143k▼ -27.0% vs 2020
2022: €103k▼ -28.0% vs 2021
2023: €21k▼ -79.1% vs 2022
2024: €2k▼ -92.0% vs 2023lowest in 7 years
2025: €38k▲ +2101% vs 2024
2019 → 2025
Working capital
€-141k▼ 174%
2024 · €-51k
2019: €-57k
2020: €-40k▲ +30.6% vs 2019
2021: €-53k▼ -35.4% vs 2020
2022: €-39k▲ +27.0% vs 2021highest in 7 years
2023: €-53k▼ -36.3% vs 2022
2024: €-51k▲ +3.5% vs 2023
2025: €-141k▼ -174% vs 2024lowest in 7 years
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€442k-€543k▲ 22.8%€506k▼ 6.9%€506k=€483k▼ 4.4%
2021: €442klowest in 5 years
2022: €543k▲ +22.8% vs 2021highest in 5 years
2023: €506k▼ -6.9% vs 2022
2024: €506k● +0.0% vs 2023
2025: €483k▼ -4.4% vs 2024
Operating result€208k-€159k▼ 23.7%€90k▼ 43.0%€61k▼ 32.5%€100k▲ 63.7%
2021: €208khighest in 5 years
2022: €159k▼ -23.7% vs 2021
2023: €90k▼ -43.0% vs 2022
2024: €61k▼ -32.5% vs 2023lowest in 5 years
2025: €100k▲ +63.7% vs 2024
Net result€143k-€103k▼ 28.0%€21k▼ 79.1%€2k▼ 92.0%€38k▲ 2,101%
2021: €143khighest in 5 years
2022: €103k▼ -28.0% vs 2021
2023: €21k▼ -79.1% vs 2022
2024: €2k▼ -92.0% vs 2023lowest in 5 years
2025: €38k▲ +2101% vs 2024
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 64% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.17M
Fixed assets
€1.15M ▼ 4.3%
Current assets
€16k ▼ 70.9%
Equity and liabilities €1.17M
Equity
€483k ▼ 4.4%
Debt
€684k ▼ 9.2%
Debt's share of the balance-sheet total falls from 59.8% to 58.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
€152k▲
2024 · €113k
Cash flow
€89k▲
2024 · €53k
Current ratio
0.10▼
2024 · 0.52
Debt to equity
1.42▼
2024 · 1.49
ROE
7.8%▲
2024 · 0.3%
ROA
3.2%▲
2024 · 0.1%
Interest coverage
3.66▲
2024 · 2.15
Debt ≤ 1 year
€157k▲
2024 · €107k
Debt > 1 year
€527k▼
2024 · €646k
Income taxes
€21k▲
2024 · €7k
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 · 45 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.26M€1.17M▼
Fixed assets21/28€1.20M€1.15M▼
Tangible fixed assets22/27€1.20M€1.15M▼
Land and buildings22€1.20M€1.15M▼
Current assets29/58€56k€16k▼
Amounts receivable within one year40/41€12k€4k▼
Trade receivables40€3k€4k▲
Other amounts receivable41€9k€16▼
Cash at bank and in hand54/58€42k€9k▼
Deferred charges and accrued income490/1€2k€3k▲
Equity and liabilities
Total equity and liabilities10/49€1.26M€1.17M▼
Equity10/15€506k€483k▼
Contributions10/11€17k€17k=
Reserves13€469k€445k▼
Non-distributable reserves130/1€2k-
Reserves not available under the articles1311€2k-
Distributable reserves133€468k€445k▼
Profit (loss) carried forward14€20k€21k▲
Amounts payable17/49€753k€684k▼
Amounts payable after more than one year17€646k€527k▼
Financial debts170/4€646k€527k▼
Amounts payable within one year42/48€107k€157k▲
Current portion of amounts payable after more than one year42€73k€67k▼
Financial debts43€4k€11▼
Credit institutions430/8€4k€11▼
Taxes, remuneration and social security45€30k€34k▲
Taxes450/3€30k€34k▲
Other amounts payable47/48€551€56k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€52k€52k=
Other operating charges640/8€32k€32k▲
Gross operating margin9900€144k€184k▲
Operating profit (loss)9901€61k€100k▲
Financial charges65/66B€52k€41k▼
Recurring financial charges65€52k€41k▼
Profit (loss) for the period before taxes9903€9k€59k▲
Income taxes67/77€7k€21k▲
Profit (loss) for the period9904€2k€38k▲
Profit (loss) for the period to be appropriated9905€2k€38k▲
Appropriation of the result
Profit (loss) to be appropriated9906€21k€57k▲
Profit (loss) brought forward from the previous period14P€20k€20k=
Transfer from equity791/2-€60k
Transfer to equity691/2€41€36k▲
To other reserves6921€41€36k▲
Profit to be distributed694/7€2k€60k▲
Return on contributions (dividend)694€2k€60k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €16k | €0 | - | - | - |
| Remuneration, social security and pensions62 | €316k | €472k | €313k | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €73k | €70k | €53k | €52k | €52k | = |
| Other operating charges640/8 | €13k | €16k | €22k | €32k | €32k | ▲ 1.1% |
| Non-recurring operating charges66A | - | - | €70k | - | - | - |
| Gross operating margin9900 | €610k | €716k | €549k | €144k | €184k | ▲ 27.2% |
| Operating profit (loss)9901 | €208k | €159k | €90k | €61k | €100k | ▲ 63.7% |
| Financial charges65/66B | €47k | €43k | €58k | €52k | €41k | ▼ 21.1% |
| Recurring financial charges65 | €47k | €43k | €56k | €52k | €41k | ▼ 21.1% |
| Non-recurring financial charges66B | - | - | €2k | - | - | - |
| Profit (loss) for the period before taxes9903 | €161k | €116k | €33k | €9k | €59k | ▲ 585% |
| Income taxes67/77 | €18k | €13k | €11k | €7k | €21k | ▲ 206% |
| Profit (loss) for the period9904 | €143k | €103k | €21k | €2k | €38k | ▲ 2,101% |
| Profit (loss) for the period to be appropriated9905 | €143k | €103k | €21k | €2k | €38k | ▲ 2,101% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.64M | €1.67M | €1.44M | €1.26M | €1.17M | ▼ 7.3% |
| Fixed assets21/28 | €1.46M | €1.39M | €1.25M | €1.20M | €1.15M | ▼ 4.3% |
| Tangible fixed assets22/27 | €1.46M | €1.39M | €1.25M | €1.20M | €1.15M | ▼ 4.3% |
| Land and buildings22 | €1.34M | €1.29M | €1.25M | €1.20M | €1.15M | ▼ 4.3% |
| Plant, machinery and equipment23 | €114k | €97k | - | - | - | - |
| Furniture and vehicles24 | €11k | €1k | - | - | - | - |
| Current assets29/58 | €178k | €279k | €184k | €56k | €16k | ▼ 70.9% |
| Amounts receivable within one year40/41 | €101k | €190k | €127k | €12k | €4k | ▼ 65.6% |
| Trade receivables40 | €69k | €133k | - | €3k | €4k | ▲ 20.8% |
| Other amounts receivable41 | €32k | €57k | €127k | €9k | €16 | ▼ 99.8% |
| Cash at bank and in hand54/58 | €71k | €67k | €55k | €42k | €9k | ▼ 78.0% |
| Deferred charges and accrued income490/1 | €6k | €22k | €2k | €2k | €3k | ▲ 35.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.64M | €1.67M | €1.44M | €1.26M | €1.17M | ▼ 7.3% |
| Equity10/15 | €442k | €543k | €506k | €506k | €483k | ▼ 4.4% |
| Contributions10/11 | €19k | €19k | €17k | €17k | €17k | = |
| Capital10 | €19k | - | - | - | - | - |
| Issued capital100 | €19k | - | - | - | - | - |
| Reserves13 | €402k | €503k | €469k | €469k | €445k | ▼ 5.1% |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | - | - |
| Legal reserve130 | €2k | - | - | - | - | - |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | - | - |
| Distributable reserves133 | €400k | €501k | €468k | €468k | €445k | ▼ 4.8% |
| Profit (loss) carried forward14 | €22k | €22k | €20k | €20k | €21k | ▲ 8.4% |
| Amounts payable17/49 | €1.20M | €1.12M | €933k | €753k | €684k | ▼ 9.2% |
| Amounts payable after more than one year17 | €966k | €804k | €695k | €646k | €527k | ▼ 18.4% |
| Financial debts170/4 | €966k | €804k | €695k | €646k | €527k | ▼ 18.4% |
| Amounts payable within one year42/48 | €231k | €318k | €237k | €107k | €157k | ▲ 46.4% |
| Current portion of amounts payable after more than one year42 | €161k | €162k | €94k | €73k | €67k | ▼ 7.9% |
| Financial debts43 | - | - | €3k | €4k | €11 | ▼ 99.7% |
| Credit institutions430/8 | - | - | €3k | €4k | €11 | ▼ 99.7% |
| Trade debts44 | €59k | €91k | €85k | - | - | - |
| Suppliers440/4 | €59k | €91k | €85k | - | - | - |
| Taxes, remuneration and social security45 | €5k | €65k | €56k | €30k | €34k | ▲ 13.8% |
| Taxes450/3 | €5k | €65k | €34k | €30k | €34k | ▲ 13.8% |
| Remuneration and social security454/9 | - | - | €22k | - | - | - |
| Other amounts payable47/48 | €6k | - | €193 | €551 | €56k | ▲ 10,011% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €143k | €103k | €21k | €2k | €38k | ▲ 2,101% |
| + Depreciation and write-downs630 | €73k | €70k | €53k | €52k | €52k | = |
| Operating cash flow (approximation) | €215k | €173k | €75k | €53k | €89k | ▲ 67.2% |
| Investment in fixed assets (approximation) | - | €5k | €78k | €0 | €0 | - |
| Change in cash | - | €-4k | €-13k | €-13k | €-33k | ▼ 151% |
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
Next filing, fiscal year 2026, expected by
2026
17-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet €2k ▼92%
Net result drops to €2k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 31 days late
2023
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Equity above €500kEq €543k ▲22.8%
4 profitable years in a row build equity to €543k.
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 61 days late
2021
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2019net €195k ▲1,206%
Operating result €268k, net result €195k, both a record.
31-12
Financial
Equity above €200kEq €301k ▲180%
2 profitable years in a row build equity to €301k.
2019
14-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
27-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
26-09
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.
0 of 9 acts read
About the unread acts
We know of 9 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
9 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, Aalst · 1 establishment unit since 2006
Ground area
907 m²
Building footprint
115 m²
Volume, LiDAR
551 m³
Parcel 41047B0146/00X000, Flanders · tallest building 5.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
COOLSAET ENGINEERING
since 20062.155.644.460
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41047B0146/00X000 | Flanders | 907 m² | 1 · 115 m² | 5.8 m · 2 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.
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 1,183 EUR awarded · 1,183 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 1,183 EUR | 1,183 EUR |
Schemes
Subsidies voor internationaal ondernemen
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Of 1,287 companies in sector 58290 we hold annual accounts for 592. 397 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded30-05-2006
Fiscal year end31-12
Activities, NACEBEL 2025
58290Other software publishing
Scores and ratios are computed by Checked and are not a credit decision.