Equity
€724,179 ▲ 36.8%
COORDINAT-ED paid out €110,000 in dividends. That is 36% of the 2025 profit.
COORDINAT-ED
Lifetime
19 annual accounts with figures on one time axis, 31 filings since 1994peak €1.5m (2025)
€1.5m▲ 17.6%
lowest -€198,819 (2019)
€304,921▲ 506%
peak €724,179 (2025)
€724,179▲ 36.8%
€2.1m▲ 15.3%
peak 14.8 FTE (2023)
13.5 FTE▼ 4.9%
Board2 names since 2013
2 directorsLUBARIS and 1 other
Owners
100%SIMECO
Documentsfilings and deeds
19-12-202543 days before the deadline
2025abbreviated format
Gross margin from €1.3m to €1.5mResult from €50,310 to €304,921Dividend €110,000Equity from €529,258 to €724,179Debts from €1.9m to €2.1mCash from €91,686 to €662,094
Key points
from the 2025 annual accountsResult
€304,921 ▲ 506%
The result rose in 2025 from €50,310 to €304,921.
Turnover
≈ €2.6m estimated
The abbreviated format states no turnover.
Debts
€2.1m 75% of the balance sheet
Financial debts 34%Suppliers 49%Taxes and wages 7%Other 9%
Of this, €2.0m falls due within a year.
Filings
31 annual accounts since 1994
The last five annual accounts were filed 0 to 50 days before the end of the period.
Position in the sector
€304,921
Higher net result than 93% of companies in construction of buildings. Sector median €19,043 · 2,810 companies.
Checked score
89
Excellent
Financially stronger than 66% of small companies in construction of buildings (NACE 41)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.4% across 911 companies (NACE 41, small).
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.1%
01-2025: 1.2%▲ +0.1 percentage points vs 12-2024
02-2025: 1.6%▲ +0.4 percentage points vs 01-2025
03-2025: 1.6%● unchanged vs 02-2025
04-2025: 1.6%● unchanged vs 03-2025
05-2025: 1.6%● unchanged vs 04-2025
06-2025: 1.6%● unchanged vs 05-2025
07-2025: 1.6%● unchanged vs 06-2025
08-2025: 1.6%● unchanged vs 07-2025
09-2025: 1.6%● unchanged vs 08-2025
10-2025: 1.7%▲ +0.1 percentage points vs 09-2025
11-2025: 2.0%▲ +0.3 percentage points vs 10-2025highest value
12-2025: 2.0%● unchanged vs 11-2025
01-2026: 0.5%▼ -1.5 percentage points vs 12-2025
02-2026: 0.2%▼ -0.3 percentage points vs 01-2026
03-2026: 0.2%● unchanged vs 02-2026
04-2026: 0.2%● unchanged vs 03-2026
05-2026: 0.2%● unchanged vs 04-2026lowest value
06-2026: 0.2%● unchanged vs 05-2026lowest value
07-2026: 0.2%● unchanged vs 06-2026lowest value
08-2026: 0.2%● unchanged vs 07-2026lowest value
09-2026: 0.3%▲ +0.1 percentage points vs 08-2026
10-2026: 0.3%● unchanged vs 09-2026
11-2026: 0.3%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
Sector: Construction of residential and non-residential buildings (NACE 41)
lowers risk
Founded in 1993
Liquidity: current ratio 1.30, cash €662,094
Profit of €304,921 (financial year 2025)
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 41, small). It does better than 41% of them on solvency, 49% on liquidity, 85% on profitability and 88% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 30-06-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
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).
Comparable companies, two years later
In July 2024, 2,613 companies had the same profile as COORDINAT-ED has now. Each dot stands for 7 companies, two years later.
97.3%
were still trading
2.0%
stopped another way
0.7%
went bankrupt
That fits the bankruptcy probability of COORDINAT-ED itself: 0.3% within 12 months.
Test of the method
The method was tested on the 497,447 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 2,613 companies, not a prediction for COORDINAT-ED. 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.
Credit verdict
Credit of up to €60,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.3 (1.26 in 2024), below the usual 1.5. Short-term debt is 70.8% and cash 23.1% of total assets. 74.7% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 19-12-2025, 43 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
43 days early
2024
21 days early
2023
on the day
2022
50 days early
2021
42 days early
2020
47 days early
2019
4 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 30 days before the deadline. In the sector (NACE 41), the median for financial year 2024 was on the deadline day, and 46% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 20 December (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-06-2026 year end10-11-2026 today31-01-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0451296656
Registered office moved within Mechelen
New registered office: Battelsesteenweg 458, 2800 Mechelen · Previous registered office: Frans Halsvest 51, 2800 Mechelen · Board meeting of 19-12-2023 · Gazette deed
First establishment
Battelsesteenweg 458, Mechelen
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| COORDINAT-ED Mechelen | €2.9m | €1.5m | 25.3% | 13.5 |
| VAN DEN BERGH BOUW Essen | €3.0m | €1.5m | 56.0% | 15.2 |
| NATURHOME-BELGIQUE Gouvy | €2.8m | €1.5m | 57.1% | 11.5 |
| BOUWPROJECTEN BRUYNEN Merksplas | €2.6m | €1.2m | 53.2% | 11.9 |
| Van Haellewijn Antwerp | €2.5m | €1.1m | 31.5% | 13.4 |
| Bouwbedrijf Weckx-Van Pellicom Bornem | €3.4m | €1.2m | 58.6% | 15.9 |
| HADIBOUW Herentals | €2.4m | €1.1m | 42.4% | 12.9 |
These companies have the same main activity as COORDINAT-ED: general construction of residential buildings (NACE 41001). They are comparable in size and age: total assets between €2.4m and €3.4m, founded between 1988 and 1995.
Official details
Source: KBO- Status
- Active since 03-11-1993Normal situation
- Activity
- General construction of residential buildingsNACE 41001and 1 other
- Joint committees
- 124Construction
- 200Auxiliary committee for white-collar workers · annual accounts 30-06-2025
- Establishment unit
- 2.148.784.4812800 Mechelen, since 01-05-2005
- Financial year end
- 30 June
- Peppol
- Reachable since 27-03-2026
Annual accounts to 30-06-2025
- €2.9m▲ 20.0%
- Employeeson 30-06-2025
- 14▲ 7.7%
- Filing
- Filed on 19-12-2025, 43 days before the end of the filing period
Insights on COORDINAT-ED
COORDINAT-ED files the abbreviated format. That format states no turnover. The gross margin rose from €243,751 in 2007 to €1.5m in 2025.
SIMECO holds all the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about COORDINAT-ED
- What is the company number of COORDINAT-ED?
- The company number of COORDINAT-ED is 0451.296.656. The VAT number is the same number with BE in front: BE 0451.296.656.
- Where is COORDINAT-ED based?
- The registered office is at Battelsesteenweg 458, 2800 Mechelen.Company details
- What does COORDINAT-ED do?
- According to the KBO register, the main activity is general construction of residential buildings (NACE 41001).
- What is the legal form of COORDINAT-ED?
- COORDINAT-ED is a private limited company (BV).
- When was COORDINAT-ED founded?
- COORDINAT-ED was founded on 03-11-1993.
- Is COORDINAT-ED still active?
- Yes, COORDINAT-ED is an active enterprise in the KBO register.
- How many employees does COORDINAT-ED have?
- COORDINAT-ED had an average of 13.5 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does COORDINAT-ED fall under?
- In its 30-06-2025 annual accounts, COORDINAT-ED states joint committees 124 (Construction) and 200 (Auxiliary committee for white-collar workers).
- What is the turnover of COORDINAT-ED?
- The turnover in financial year 2025 is ≈ €2.6m. This figure is estimated from the gross margin of €1.5m and 1,585 comparable companies of the same size. It probably lies between €1.8m and €4.3m. It is a rough estimate.
- Is COORDINAT-ED profitable?
- In financial year 2025, COORDINAT-ED made a profit of €304,921.
- Where can I find the annual accounts of COORDINAT-ED?
- COORDINAT-ED filed 31 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of COORDINAT-ED due?
- COORDINAT-ED must file the annual accounts for financial year 2026 by 31-01-2027.Timeline
Next steps
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