COOLTECSYSTEMS
ActiveSummary
COOLTECSYSTEMS has been active since 2003 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €504,316 and a net result of €70,039. Equity has been growing by about 32% per year since 2018. Its solvency ranks better than 84% of 34,972 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 16-12-2003 Normal situation
- Activity
- Other construction installation NACE 43240and 2 others
- Establishment unit
- 2.134.632.280 8310 Brugge, since 16-12-2003
- Financial year end
- 31 December
- Peppol
- Reachable since 21-05-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.1%
- Turnover
- €509,800
- ▼ 15.0%
- Profit
- €70,039
- ▼ 28.6%
- Equity
- €504,316
- ▲ 9.1%
- Total assets
- €645,064
- ▲ 15.7%
- Staff
- ≈ 0.2 FTE
- estimated
Score breakdownraises riskSize: turnover €509,800, total assets €645,064Sector: Specialised construction activities (NACE 43)lowers riskLiquidity: current ratio 3.42, cash €326,909Equity €504,316 (78.2% of total assets)Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 43, micro). It does better than 90% of them on solvency, 90% on liquidity, 73% on profitability and 41% on growth.
The bankruptcy probability was computed on 03-11-2026 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.
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).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 6 days before the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 30-06-2026 at the NBB all 22 filings
Every figure per financial year
The operating result for 2025 is 30% lower than in 2024 and the lowest since 2021.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €116,098 | - | €61,472 | €4,329 |
| Depreciation and write-downs of the year | €30,196 | €30,483 | €36,441 | €32,520 | €41,900 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | - | €485,107 | €526,311 | €599,741 | €509,800 | ▼ 15.0% |
| Non-recurring operating income76A | - | - | - | - | €37,603 | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | - | €389,666 | €380,636 | €396,851 | €368,545 | ▼ 7.1% |
| Remuneration, social security and pensions62 | - | - | - | - | - | €763 | €5,122 | €5,040 | ▼ 1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €29,608 | €31,346 | €31,346 | €30,196 | €30,483 | €36,441 | €32,520 | €41,900 | ▲ 28.8% |
| Other operating charges640/8 | - | - | - | €2,075 | €1,948 | €2,021 | €2,198 | €2,419 | ▲ 10.1% |
| Gross operating margin9900 | €29,315 | €49,945 | €73,298 | €150,244 | €136,383 | €175,606 | €181,025 | €148,458 | ▼ 18.0% |
| Operating profit (loss)9901 | -€1,850 | €16,807 | €40,040 | €117,973 | €103,952 | €136,380 | €141,185 | €99,099 | ▼ 29.8% |
| Financial income75/76B | - | - | - | €97 | €38 | €581 | €1,104 | €1,313 | ▲ 19.0% |
| Recurring financial income75 | €844 | €105 | €11 | €97 | €38 | €581 | €1,104 | €1,313 | ▲ 19.0% |
| Financial charges65/66B | - | - | - | €2,250 | €1,319 | €3,061 | €2,859 | €1,714 | ▼ 40.1% |
| Recurring financial charges65 | €2,801 | €2,440 | €3,181 | €2,250 | €1,319 | €3,061 | €2,859 | €1,714 | ▼ 40.1% |
| Profit (loss) for the period before taxes9903 | -€3,807 | €14,472 | €36,869 | €115,820 | €102,671 | €133,900 | €139,430 | €98,698 | ▼ 29.2% |
| Income taxes67/77 | €268 | €4,342 | €8,816 | €31,561 | €28,257 | €38,882 | €41,315 | €28,659 | ▼ 30.6% |
| Profit (loss) for the period9904 | -€4,075 | €10,131 | €28,054 | €84,259 | €74,414 | €95,019 | €98,115 | €70,039 | ▼ 28.6% |
| Profit (loss) for the period to be appropriated9905 | -€4,075 | €10,131 | €28,054 | €84,259 | €74,414 | €95,019 | €98,115 | €70,039 | ▼ 28.6% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €455,753 | €456,846 | €457,479 | €661,051 | €492,162 | €477,945 | €557,724 | €645,064 | ▲ 15.7% |
| Fixed assets21/28 | €228,208 | €208,046 | €176,700 | €146,504 | €216,209 | €179,767 | €208,719 | €171,148 | ▼ 18.0% |
| Intangible fixed assets21 | €62,308 | €62,308 | €62,308 | - | - | - | - | - | - |
| Tangible fixed assets22/27 | €165,899 | €145,738 | €114,391 | €146,504 | €216,209 | €179,767 | €208,719 | €171,148 | ▼ 18.0% |
| Land and buildings22 | - | - | - | €112,030 | €105,951 | €99,873 | €96,005 | €89,705 | ▼ 6.6% |
| Plant, machinery and equipment23 | - | - | - | €30,000 | €26,480 | €21,178 | €17,094 | €15,536 | ▼ 9.1% |
| Furniture and vehicles24 | - | - | - | €4,474 | €76,412 | €58,716 | €95,620 | €65,908 | ▼ 31.1% |
| Leasing and similar rights25 | - | - | - | - | €7,365 | - | - | - | - |
| Current assets29/58 | €227,545 | €248,800 | €280,779 | €514,547 | €275,953 | €298,177 | €349,006 | €473,916 | ▲ 35.8% |
| Stocks and contracts in progress3 | €24,205 | €16,154 | €15,096 | €32,492 | €32,492 | €55,933 | €24,687 | €20,356 | ▼ 17.5% |
| Stocks30/36 | - | - | - | €32,492 | €32,492 | €29,467 | €24,687 | €20,356 | ▼ 17.5% |
| Contracts in progress37 | - | - | - | - | - | €26,466 | - | - | - |
| Amounts receivable within one year40/41 | €63,098 | €66,254 | €42,481 | €113,468 | €35,334 | €19,909 | €50,910 | €125,248 | ▲ 146% |
| Trade receivables40 | - | - | - | €113,454 | €34,089 | €18,621 | €50,860 | €103,498 | ▲ 103% |
| Other amounts receivable41 | - | - | - | €14 | €1,245 | €1,288 | €49 | €21,750 | ▲ 442× |
| Cash at bank and in hand54/58 | €98,946 | €162,830 | €220,078 | €368,587 | €204,529 | €219,509 | €269,568 | €326,909 | ▲ 21.3% |
| Deferred charges and accrued income490/1 | - | - | - | - | €3,598 | €2,827 | €3,841 | €1,403 | ▼ 63.5% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €455,753 | €456,846 | €457,479 | €661,051 | €492,162 | €477,945 | €557,724 | €645,064 | ▲ 15.7% |
| Equity10/15 | €90,486 | €100,616 | €128,670 | €207,929 | €280,743 | €374,162 | €462,277 | €504,316 | ▲ 9.1% |
| Contributions10/11 | €6,200 | €6,200 | - | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €42,233 | €52,233 | €80,233 | €159,233 | €232,047 | €325,465 | €413,580 | €455,620 | ▲ 10.2% |
| Non-distributable reserves130/1 | - | - | - | €11,547 | €11,547 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €11,547 | €11,547 | - | - | - | - |
| Distributable reserves133 | - | - | - | €147,686 | €220,500 | €325,465 | €413,580 | €455,620 | ▲ 10.2% |
| Profit (loss) carried forward14 | €42,053 | €42,183 | €42,237 | €42,496 | €42,496 | €42,496 | €42,496 | €42,496 | = |
| Amounts payable17/49 | €365,267 | €356,230 | €328,809 | €453,121 | €211,419 | €103,783 | €95,448 | €140,748 | ▲ 47.5% |
| Amounts payable after more than one year17 | €151,932 | €134,889 | €117,479 | €105,965 | €116,908 | €47,781 | €27,246 | €2,228 | ▼ 91.8% |
| Financial debts170/4 | - | - | - | €105,965 | €116,908 | €47,781 | €27,246 | €2,228 | ▼ 91.8% |
| Amounts payable within one year42/48 | €213,335 | €213,516 | €209,989 | €281,392 | €94,510 | €56,002 | €68,202 | €138,521 | ▲ 103% |
| Current portion of amounts payable after more than one year42 | - | - | - | €12,579 | €22,182 | €19,128 | €20,535 | €25,018 | ▲ 21.8% |
| Trade debts44 | €30,773 | €24,622 | €10,889 | €30,181 | €62,697 | €21,172 | €13,544 | €65,823 | ▲ 386% |
| Suppliers440/4 | - | - | - | €30,181 | €62,697 | €21,172 | €13,544 | €65,823 | ▲ 386% |
| Advances received on contracts in progress46 | - | - | - | €7,630 | - | - | - | - | - |
| Taxes, remuneration and social security45 | - | - | - | €70,629 | €4,725 | €10,644 | €21,845 | €18,845 | ▼ 13.7% |
| Taxes450/3 | - | - | - | €66,186 | €4,725 | €10,644 | €21,845 | €18,845 | ▼ 13.7% |
| Remuneration and social security454/9 | - | - | - | €4,443 | - | - | - | - | - |
| Other amounts payable47/48 | - | - | - | €160,373 | €4,906 | €5,059 | €12,279 | €28,834 | ▲ 135% |
| Accrued charges and deferred income492/3 | - | - | - | €65,764 | - | - | - | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€4,075 | €10,131 | €28,054 | €84,259 | €74,414 | €95,019 | €98,115 | €70,039 | ▼ 28.6% |
| + Depreciation and write-downs630 | €29,608 | €31,346 | €31,346 | €30,196 | €30,483 | €36,441 | €32,520 | €41,900 | ▲ 28.8% |
| Operating cash flow (approximation) | €25,532 | €41,477 | €59,400 | €114,456 | €104,897 | €131,460 | €130,635 | €111,939 | ▼ 14.3% |
| Investment in fixed assets (approximation) | - | -€11,185 | €0 | €0 | -€100,188 | €0 | -€61,472 | -€4,329 | ▲ 93.0% |
| Change in cash | - | €63,883 | €57,248 | €148,509 | -€164,058 | €14,980 | €50,059 | €57,341 | ▲ 14.5% |
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, 20,136 companies had the same profile as COOLTECSYSTEMS has now. Two years later, 95.0% were still going and 0.2% had gone bankrupt.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
That fits the bankruptcy probability of COOLTECSYSTEMS itself: 0.1% within 12 months.
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 20,136 companies, not a prediction for COOLTECSYSTEMS. 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.
Latest 10 of 22 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 30-06-2026 | 2026-00242246 | |
| 31-12-2024 | micro format | 30-06-2025 | 2025-00222424 | |
| 31-12-2023 | micro format | 27-08-2024 | 2024-00374444 | |
| 31-12-2022 | micro format | 03-08-2023 | 2023-00309998 | |
| 31-12-2021 | micro format | 17-06-2022 | 2022-20069722 | |
| 31-12-2020 | micro format | 06-10-2021 | 2021-71200340 | |
| 31-12-2019 | micro format | 29-06-2020 | 2020-22100202 | |
| 31-12-2018 | micro format | 05-08-2019 | 2019-44100367 | |
| 31-12-2017 | micro format | 21-08-2018 | 2018-47400446 | |
| 31-12-2016 | micro format | 21-09-2017 | 2017-62000572 |
Board & ownership
Directors
Owners and capital
Capital transactions
- 06-11-2023 Converted to unavailable equity · €18,600
Articles of association
Board and representation
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “11, één of meer bestuurders”
Capital, shares and profit
- Kind of sharesThe articles set which classes of shares exist and what rights each class carries.
- “Op naam, 8”
- Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
- “Procedure- en expertisekosten helft overdrager helft koper(s) naar evenredigheid verworven aantal bij meer kopers, geen beroep op rechter…”
Articles of association, deed of 06-11-2023 (in Dutch)
Network & group
COOLTECSYSTEMS shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of COOLTECSYSTEMS. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
06-11
Gazette deed
Amendment of the articles · Legal-form change · Resignations & appointmentsCapital conversion · Reserve release · Kind of shares6 points ▸
- General meeting, 26-10-2023
- Amendment of the articles, mentioned 2 times in the deed
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Reserve release, “deze middelen en eventuele toekomstige nieuwe inbrengen, opheffen statutair onbeschikbare eigen vermogensrekening en beschikbaar maken voor uitkering” (deed in Dutch)
- Other provision, “binnen grenzen Wetboek van vennootschappen en verenigingen, uitkeringen uit winst lopende boekjaar of uit winst voorgaande boekjaar voor goedkeuring jaarrekenin…” (deed in Dutch)
- Kind of shares, “vergoeding voor inbrengen”, 100 (deed in Dutch)
Show earlier events
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Codes under NACEBEL 2003
46 activities
- A) installatie van gasleidingen voor horeca- en huishoudapparaten
- B) installatie van elektriciteitsvoorzieningen voor horeca- en huishoudapparaten
- C) installatie van waterafvoersystemen voor horeca- en huishoudapparaten
- D) installatie van watertoevoersystemen voor horeca- en huishoudapparaten
- Puntjes a, b, c en d omvatten zowel de verkoop, montage als werkuren van deze nutsvoorzieningen, we spreken hier over het installeren van buizen, afsluitkranen, enz.
- E) leveren en plaatsen van horeca- en huishoudapparatuur
- F) leveren en plaatsen van dampkappen voor horeca en huishoud
- Puntje f omvat het ophangen van dampkap alsook de installatie van het buizennetwerk met bijhorende motoren en bekabeling + verlichting.
- G) leveren en plaatsen van alle types vaatwassystemen zowel voor horeca als huishoud
- H) leveren en plaatsen van alle types barapparatuur voor horecasector, o.a. ijsblokmachines, flessenkoelers, glazenwassers, espressomachines, enz.
- I) leveren/ plaatsing/ montage van alle inox meubilair (ook maatwerk)
- J) leveren/ plaatsing/ montage van airco installaties alle types
- K) leveren/plaatsen/ montage van warmtepompen alle types (ook zwembaden)
- L) leveren/plaatsen/ montage van complete waterinstallatie zwembaden omvat filtersysteem, pomp, chloor- en PHinstallatie en alle nodige randonderdelen.
- Loodgieterswerk en installatie van verwarming, klimaatregeling en ventilatie in ruime zin
- Ontwerpen/ activeren website’s en webshop
- Marketeer
- Evenementen organisator
- Communicatie en public relations
- De vervaardiging en installatie van industriële machines, apparaten en toestellen voor de koeltechniek;
- De vervaardiging van koeltoonbanken
- De vervaardiging van machines en apparaten voor de klimaatregeling in besloten ruimten (airconditioning);
- De vervaardiging van warmtewisselaars;
- De vervaardiging van ventilatoren voor niet-huishoudelijk gebruik;
- De installatie in gebouwen en andere bouwwerken van: apparatuur (inclusief regelapparatuur) en leidingen voor verwarming, ventilatie, koeling en klimaatregeling, uitgezonderd activiteiten van installateur van verwarming met gas met individuele toestellen en installateur van centrale verwarming;
- De vervaardiging van toestellen voor het filteren of zuiveren van vloeistoffen, lucht of andere gassen;
- De vervaardiging van luchtfilters en brandstoffilters voor motoren;
- De vervaardiging van koelkasten en vrieskasten, vaatwasmachines en droogtoestellen;
- De vervaardiging van elektrische ovens, microgolfovens, fornuizen, komforen, broodroosters, koffie- en theezetapparaten, elektrische braadpannen, en kooppotten, grilleerapparaten, verwarmingsweerstanden, enz.;
- Onderneming voor het bouwen van koelkamers, kluizen, enz.;
- Onderneming voor de installatie van elektrische bedrading en toebehoren;
- Onderneming voor de installatie van hulpvoedingssystemen (generatoraggregaten);
- Onderneming voor de installatie van de bedrading voor telefooninstallaties en computersystemen;
- Onderneming voor de installatie van elektrische verwarmingsinstallaties;
- Het aanbrengen in gebouwen van andere bouwwerken van: thermisch isolatiemateriaal, isolatiemateriaal tegen geluid en trillingen;
- Isolatiewerkzaamheden aan verwarmingsleidingen en leidingen van koelsystemen;
- De isolatie van koelkamers en -pakhuizen;
- De groothandel in elektrische huishoudelijke apparaten;
- De kleinhandel in elektrische huishoudapparaten;
- De reparatie van elektrische huishoudapparaten;
- De groothandel in overige machines en uitrusting voor industrieel gebruik, n.e.g.;
- De reparatie van machines en uitrusting voor industrieel gebruik;
- De groothandel in winkeluitrusting (toonbanken, etalagepoppen, enz.);
- De groothandel in materieel en benodigdheden voor hotels, cafés, en restaurants;
- De installatie van airconditioning in motorvoertuigen;
- Disc-jockey.
Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0862.209.343
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 31029B0466/00A003 | Flanders | 2,030 m² | 1 · 222 m² | 9.3 m · 2 |