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COOR SERVICE MANAGEMENT

Active
Public limited companyfounded 2003active for 23 yearsPantserschipstraat 181, 9000 Gent, Belgium11 active companies are registered at this addressKBO/BCE: BE 0480.088.929
Summary

COOR SERVICE MANAGEMENT has been active since 2003 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €5.2m and a net result of €783,106. Equity is growing by about 7% per year across the filed financial years. Its solvency ranks better than 60% of 190 sector peers (NACE 33, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).

Risk analysisFollow ReportCompare
COOR SERVICE MANAGEMENTActiveChecked score 97/100
Risk analysis ReportCompare

Overview

Activity
Repair and maintenance of machinery
NACE 33120
5th largest employer in East Flanders, Repair and installation of machinery sector1 site
Size
€12.7mturnover 2025
Staff
72.8 FTE
Equity
€5.2m
Profit
€783,106
Financial health
97 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
< 0.1%
Structure
Parent
Coor Service Management AB · 99.8%
Holdings
2
Auditor: BV PwC Bedrijfsrevisoren2025 accounts 26 days early7 of 23 deeds summarised
Why 97lowers riskLiquidity: current ratio 2.11, cash €5.7mFounded in 2003Size: turnover €12.7m, 72.8 FTE, total assets €9.4mEquity €5.2m (55.6% of total assets)Show the evidence

Checked score

Score 2025
97 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 78% of its sector peers (NACE 33, medium-sized)
Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Strong
Solvency 81+14
equity 55.6% of total assets
Liquidity 79+9
short-term debt 44.4% · cash 60.2%
Profitability 69+1
return on assets 8.3%
Bankruptcy probability, 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%

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

Sector median 0.5% (35 companies, NACE 33, medium-sized)
Last 24 months 11-2024: < 0.1% 12-2024: < 0.1%● unchanged vs 11-2024 01-2025: < 0.1%● unchanged vs 12-2024 02-2025: < 0.1%● unchanged vs 01-2025 03-2025: < 0.1%● unchanged vs 02-2025 04-2025: < 0.1%● unchanged vs 03-2025lowest value 05-2025: < 0.1%● unchanged vs 04-2025 06-2025: < 0.1%● unchanged vs 05-2025 07-2025: < 0.1%● unchanged vs 06-2025 08-2025: < 0.1%● unchanged vs 07-2025 09-2025: < 0.1%● unchanged vs 08-2025 10-2025: < 0.1%● unchanged vs 09-2025 11-2025: < 0.1%● unchanged vs 10-2025 12-2025: < 0.1%● unchanged vs 11-2025 01-2026: < 0.1%● unchanged vs 12-2025 02-2026: < 0.1%● unchanged vs 01-2026 03-2026: < 0.1%● unchanged vs 02-2026 04-2026: < 0.1%● unchanged vs 03-2026 05-2026: < 0.1%● unchanged vs 04-2026 06-2026: < 0.1%● unchanged vs 05-2026 07-2026: < 0.1%● unchanged vs 06-2026highest value 08-2026: < 0.1%● unchanged vs 07-2026 09-2026: < 0.1%● unchanged vs 08-2026 10-2026: < 0.1%● unchanged vs 09-2026
Credit of up to €500,000 on 30-day terms is acceptable
Liquidity ample (current ratio 2.11, compared with 1.61 in 2024, above the usual 1.5; short-term debt: 44.4% and cash: 60.2% of total assets), and 44.4% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 33, medium-sized): better than 88% on solvency, 99% on liquidity, 56% on profitability and 68% on growth.

The bankruptcy probability was computed on 30-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.
lowers riskneutral
lowers risk · Liquidity: current ratio 2.11, cash €5.7m
NBB · annual accounts
lowers risk · Founded in 2003
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
lowers risk · Size: turnover €12.7m, 72.8 FTE, total assets €9.4m
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
lowers risk · Equity €5.2m (55.6% 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 05-07-2026, 26 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
26 days early
2024
28 days late
2023
28 days early
2022
19 days early
2021
2 days early
2020
25 days early
2019
15 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 12 days before the deadline; the sector median (NACE 33) for financial year 2024 is 3 days before the deadline, and 39% 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 12 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
31-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Capital & shares · RestructuringMerger · Shareholding · Share…
  2. Annual accounts filedfinancial year 2025 · full…
  3. RestructuringMerger · Shareholding · Accounting…

Key points

  • Positive: 5th largest employer in East Flanders, Repair and installation of machinery sectorin the Checked rankings No. 5 View
  • Positive: 8 profitable years in a rowprofit 2025: €783,106 8 years View
  • Merger with ADDICI SECURITYmerger on 28-09-2026 2026 View
  • A director leftlatest change 12-12-2025 · 3 in office 1 left View
  • Known shareholderslargest: Coor Service Management… 99.8% 100% View

By topic

Financials

Financial year
2025
Turnover
€12.7m
Profit
€783,106
Solvency
55.6%
Turnover▲ 4.7%
Net result
20182025
Go to Financials

Board & ownership

Board
3 members
Largest shareholder
Coor Service Management AB · 99.8%
Known shareholders
100%
Auditor
BV PwC Bedrijfsrevisoren
  • Andreas EngdahlDirector
  • Joeri VanderweeManaging director
  • Markus DanielsonDirector
Go to Board & ownership

Timeline

Events
33
Since
2005
Next accounts
by 31-07-2027
  1. 31-12-2025Equity above €5m
  2. 12-12-2025Reappointment: PwC Bedrijfsrevisoren BV (statutory auditor)
  3. 28-08-2025Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Repair and maintenance of machineryNACE 33120
Founded
18-04-2003
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
14
Annual meeting
Last Friday of June at 14:00
Purpose
“De studiën, de organisatie, het beheer en de uitvoering van installatie-, aanpassings-…” (deed in Dutch)
Go to Articles of association

Key facts about COOR SERVICE MANAGEMENT

What is the company number of COOR SERVICE MANAGEMENT?
0480.088.929. In Belgium the VAT number is the company number with BE in front: BE 0480.088.929.
Where is COOR SERVICE MANAGEMENT based?
The registered office is at Pantserschipstraat 181, 9000 Gent.Company details
What does COOR SERVICE MANAGEMENT do?
According to the KBO register, the main activity is repair and maintenance of machinery (NACE 33120).
What is the legal form of COOR SERVICE MANAGEMENT?
Public limited company (NV).
When was COOR SERVICE MANAGEMENT founded?
On 18-04-2003.
Is COOR SERVICE MANAGEMENT still active?
Yes, COOR SERVICE MANAGEMENT is an active enterprise in the KBO register.
How many employees does COOR SERVICE MANAGEMENT have?
On average 72.8 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of COOR SERVICE MANAGEMENT?
€12.7m in financial year 2025, according to the filed annual accounts.
Is COOR SERVICE MANAGEMENT profitable?
In financial year 2025, COOR SERVICE MANAGEMENT made a profit of €783,106.
Where can I find the annual accounts of COOR SERVICE MANAGEMENT?
COOR SERVICE MANAGEMENT filed 22 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of COOR SERVICE MANAGEMENT due?
By 31-07-2027, for financial year 2026.Timeline

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How much credit can you give this customer, and on what payment terms?Credit check What should you check before you do business with this company?Supplier due diligence Is the workforce growing, and do people stay?Employer check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What support did similar companies receive that this one did not?Subsidies

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