COOLTECH
InactiveInactive; last annual accounts for fiscal year 2024.
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Annual accounts not filed
The financial year that closed on 30-06-2025 was due at the National Bank by 31-01-2026. Nothing is on record, 240 days later.
NBB · 10 filingsPosition against the passed deadline
30-06-2025 close31-01-2026 deadline28-09-2026 today
neutral · A punctual record breaks
This company filed 9 consecutive financial years on time. The year that closed on 30-06-2024 was due by 31-01-2025 and was filed on 28-02-2025, 28 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
28 d late
2023
51 d early
2022
60 d early
2021
60 d early
2020
72 d early
2019
51 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 6 accounts on average 44 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
Financials · fiscal year 2024, full schema
Turnover
€17.2m▼ 20.4%
2023 · €21.6m
EBIT margin
-12.9%▼ 14.1pp
2023 · 1.1%
Net result
-€2.3m
2023 · €274,332
Working capital
€507,625▼ 81.5%
2023 · €2.7m
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€17.0m▼ 3.6%€17.5m▲ 3.3%€16.4m▼ 6.2%€21.6m▲ 31.4%€17.2m▼ 20.4%
Operating result€247,622▼ 87.2%€899,461▲ 263%-€458,126€247,010-€2.2m
Net result€199,808▼ 85.6%€719,032▲ 260%-€405,801€274,332-€2.3m
EBIT margin1.5%▼ 9.5pp5.1%▲ 3.7pp-2.8%▼ 7.9pp1.1%▲ 3.9pp-12.9%▼ 14.1pp
Equity€3.9m▲ 5.4%€3.0m▼ 22.7%€2.6m▼ 13.6%€2.9m▲ 10.6%€539,523▼ 81.1%
Total assets€5.8m▲ 5.6%€6.0m▲ 3.1%€6.2m▲ 3.3%€7.2m▲ 16.4%€7.1m▼ 1.3%
Debt€1.8m▲ 9.9%€2.8m▲ 61.5%€3.4m▲ 20.0%€4.1m▲ 21.6%€6.3m▲ 53.8%
Working capital€4.0m▲ 3.3%€3.0m▼ 25.7%€2.6m▼ 13.4%€2.7m▲ 6.5%€507,625▼ 81.5%
Staff (FTE)30.6▼ 42.0%33.7▲ 10.1%35.5▲ 5.3%33.2▼ 6.5%34.4▲ 3.6%
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €2.2m after €247,010 in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €7.1m
Fixed assets
€295,604 ▼ 17.0%
Current assets
€6.8m ▼ 0.4%
Equity and liabilities €7.1m
Equity
€539,523 ▼ 81.1%
Provisions
€230,679 ▲ 4.1%
Debt
€6.3m ▲ 53.8%
Debt's share of the balance-sheet total rises from 57.2% to 89.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€2.1m▼
2023 · €341,214
Cash flow
-€2.2m▼
2023 · €368,536
Current ratio
1.08▼
2023 · 1.66
Quick ratio
0.71▼
2023 · 1.26
Debt to equity
11.77▲
2023 · 1.44
ROE
-430.4%▼
2023 · 9.6%
ROA
-32.6%▼
2023 · 3.8%
Interest coverage
-22.80▼
2023 · 16.83
Debt ≤ 1 year
€6.3m▲
2023 · €4.1m
Income taxes
€4,222▼
2023 · €13,000
Staff costs
€2.4m▲
2023 · €2.4m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | €16.7m | €21.0m | €17.7m | ▼ 15.6% |
| Turnover70 | €17.0m | €17.5m | €16.4m | €21.6m | €17.2m | ▼ 20.4% |
| Change in stocks of work in progress, finished goods and contracts in progress71 | - | - | €53,927 | -€764,455 | €351,370 | ▲ 146% |
| Other operating income74 | - | - | €213,542 | €183,336 | €181,107 | ▼ 1.2% |
| Operating charges60/66A | - | - | €17.2m | €20.8m | €20.0m | ▼ 3.9% |
| Goods for resale, raw materials and consumables60 | - | - | €10.2m | €13.9m | €12.2m | ▼ 12.2% |
| Purchases600/8 | - | - | €10.4m | €14.2m | €12.7m | ▼ 10.2% |
| Change in stocks: decrease (increase)609 | - | - | -€201,864 | -€221,456 | -€479,612 | ▼ 117% |
| Services and other goods61 | - | - | €4.3m | €4.3m | €5.1m | ▲ 19.9% |
| Remuneration, social security and pensions62 | - | - | €2.3m | €2.4m | €2.4m | ▲ 1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,758 | €28,156 | €65,971 | €94,204 | €121,585 | ▲ 29.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €186,270 | €17,902 | -€76,062 | ▼ 525% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | €36,823 | €6,012 | €9,128 | ▲ 51.8% |
| Other operating charges640/8 | - | - | €35,179 | €22,900 | €36,024 | ▲ 57.3% |
| Non-recurring operating charges66A | - | - | €7,733 | €38,189 | €99,117 | ▲ 160% |
| Operating profit (loss)9901 | €247,622 | €899,461 | -€458,126 | €247,010 | -€2.2m | ▼ 1,002% |
| Financial income75/76B | - | - | €80,244 | €66,787 | €12,962 | ▼ 80.6% |
| Recurring financial income75 | €85,797 | €70,642 | €80,244 | €66,787 | €12,962 | ▼ 80.6% |
| Income from current assets751 | - | - | €734 | €36,256 | €4,368 | ▼ 88.0% |
| Other financial income752/9 | - | - | €79,509 | €30,531 | €8,594 | ▼ 71.9% |
| Financial charges65/66B | - | - | €22,041 | €26,466 | €102,671 | ▲ 288% |
| Recurring financial charges65 | €7,968 | €7,222 | €22,041 | €26,466 | €102,671 | ▲ 288% |
| Debt charges650 | - | - | €15,700 | €20,270 | €92,393 | ▲ 356% |
| Other financial charges652/9 | - | - | €6,340 | €6,195 | €10,278 | ▲ 65.9% |
| Profit (loss) for the period before taxes9903 | €325,451 | €962,882 | -€399,923 | €287,332 | -€2.3m | ▼ 907% |
| Income taxes67/77 | €125,643 | €243,849 | €5,877 | €13,000 | €4,222 | ▼ 67.5% |
| Taxes670/3 | - | - | €5,877 | €13,000 | €4,222 | ▼ 67.5% |
| Profit (loss) for the period9904 | €199,808 | €719,032 | -€405,801 | €274,332 | -€2.3m | ▼ 947% |
| Profit (loss) for the period to be appropriated9905 | €199,808 | €719,032 | -€405,801 | €274,332 | -€2.3m | ▼ 947% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €5.8m | €6.0m | €6.2m | €7.2m | €7.1m | ▼ 1.3% |
| Fixed assets21/28 | €111,057 | €228,712 | €253,683 | €356,314 | €295,604 | ▼ 17.0% |
| Intangible fixed assets21 | - | €90,178 | €72,133 | €119,966 | €88,708 | ▼ 26.1% |
| Tangible fixed assets22/27 | €107,057 | €134,034 | €176,971 | €235,769 | €206,817 | ▼ 12.3% |
| Land and buildings22 | - | - | €6,635 | - | - | - |
| Plant, machinery and equipment23 | - | - | €124,391 | €142,594 | €131,833 | ▼ 7.5% |
| Furniture and vehicles24 | - | - | €45,944 | €37,079 | €25,814 | ▼ 30.4% |
| Other tangible fixed assets26 | - | - | - | €56,096 | €49,170 | ▼ 12.3% |
| Financial fixed assets28 | €4,000 | €4,500 | €4,580 | €580 | €80 | ▼ 86.2% |
| Other financial fixed assets284/8 | - | - | €4,580 | €580 | €80 | ▼ 86.2% |
| Amounts receivable and cash guarantees285/8 | - | - | €4,580 | €580 | €80 | ▼ 86.2% |
| Current assets29/58 | €5.7m | €5.8m | €5.9m | €6.9m | €6.8m | ▼ 0.4% |
| Stocks and contracts in progress3 | €577,264 | €634,374 | €1.5m | €1.7m | €2.3m | ▲ 37.7% |
| Stocks30/36 | - | - | €731,967 | €955,769 | €1.4m | ▲ 48.5% |
| Goods purchased for resale34 | - | - | €731,967 | €955,769 | €1.4m | ▲ 48.5% |
| Contracts in progress37 | - | - | €754,765 | €728,085 | €899,765 | ▲ 23.6% |
| Amounts receivable within one year40/41 | €4.3m | €4.4m | €4.4m | €5.2m | €4.5m | ▼ 12.8% |
| Trade receivables40 | - | - | €4.4m | €5.1m | €4.5m | ▼ 11.7% |
| Other amounts receivable41 | - | - | €53,778 | €64,898 | €44 | ▼ 99.9% |
| Cash at bank and in hand54/58 | €712 | €884 | €1,182 | €85 | €351 | ▲ 315% |
| Deferred charges and accrued income490/1 | - | - | €24,558 | €20,983 | €15,499 | ▼ 26.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €5.8m | €6.0m | €6.2m | €7.2m | €7.1m | ▼ 1.3% |
| Equity10/15 | €3.9m | €3.0m | €2.6m | €2.9m | €539,523 | ▼ 81.1% |
| Contributions10/11 | €934,856 | €934,856 | €934,856 | €934,856 | €934,856 | = |
| Capital10 | - | - | €934,856 | €934,856 | €934,856 | = |
| Issued capital100 | - | - | €934,856 | €934,856 | €934,856 | = |
| Reserves13 | €2.9m | €2.1m | €2.1m | €2.1m | €107,689 | ▼ 94.8% |
| Non-distributable reserves130/1 | - | - | €93,486 | €93,486 | €93,486 | = |
| Legal reserve130 | - | - | €93,486 | €93,486 | €93,486 | = |
| Tax-exempt reserves132 | - | - | €14,204 | €14,204 | €14,204 | = |
| Distributable reserves133 | - | - | €2.0m | €2.0m | - | - |
| Profit (loss) carried forward14 | - | - | -€405,801 | -€131,469 | -€503,023 | ▼ 283% |
| Provisions and deferred taxes16 | €193,756 | €178,715 | €215,538 | €221,551 | €230,679 | ▲ 4.1% |
| Provisions for liabilities and charges160/5 | - | - | €215,538 | €221,551 | €230,679 | ▲ 4.1% |
| Other liabilities and charges164/5 | - | - | €215,538 | €221,551 | €230,679 | ▲ 4.1% |
| Amounts payable17/49 | €1.8m | €2.8m | €3.4m | €4.1m | €6.3m | ▲ 53.8% |
| Amounts payable within one year42/48 | €1.7m | €2.8m | €3.4m | €4.1m | €6.3m | ▲ 53.4% |
| Trade debts44 | €802,312 | €1.9m | €1.8m | €2.5m | €2.5m | ▲ 2.0% |
| Suppliers440/4 | - | - | €1.8m | €2.5m | €2.5m | ▲ 2.0% |
| Advances received on contracts in progress46 | - | - | €279,541 | €1.0m | €837,626 | ▼ 17.7% |
| Taxes, remuneration and social security45 | - | - | €143,530 | €319,267 | €424,133 | ▲ 32.8% |
| Taxes450/3 | - | - | €12,614 | €83,007 | €247,166 | ▲ 198% |
| Remuneration and social security454/9 | - | - | €130,916 | €236,260 | €176,967 | ▼ 25.1% |
| Other amounts payable47/48 | - | - | €1.2m | €302,905 | €2.5m | ▲ 734% |
| Accrued charges and deferred income492/3 | - | - | €20,810 | €10,442 | €33,028 | ▲ 216% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €199,808 | €719,032 | -€405,801 | €274,332 | -€2.3m | ▼ 947% |
| + Depreciation and write-downs630 | €5,758 | €28,156 | €65,971 | €94,204 | €121,585 | ▲ 29.1% |
| Operating cash flow (approximation) | €205,566 | €747,188 | -€339,829 | €368,536 | -€2.2m | ▼ 697% |
| Investment in fixed assets (approximation) | - | -€145,811 | -€90,942 | -€196,835 | -€60,875 | ▲ 69.1% |
| Change in cash | - | €172 | €298 | -€1,098 | €266 | ▲ 124% |
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
2025
28-02
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 28 days late
2024
30-06
Financial
Weakest financial yearnet -€2.3m
Net result drops to -€2.3m, the lowest in the series.
2023
11-12
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
30-06
Financial
Back to profitnet €274,332
Net result €274,332 after one loss-making year.
2022
02-12
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2021
02-12
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2020
20-11
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2019
11-12
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
23-01
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2017
28-12
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
19-01
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2015
29-12
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 26 acts read
About the unread acts
We know of 26 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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Structure & network
Owners and holdings
1 ownerOwners 1
- Sourceaccounts SASPUT 202215%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.