COORDINATES
ActiveSummary
COORDINATES has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €129k and a net result of €-1k. Equity is growing by ~3.3% per year across the filed fiscal years. Its solvency ranks better than 66% of 11389 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability27▼-5
Solvency87▼-12
Growth52=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9k at 30 days acceptable
Liquidity ample (current ratio 3.86 against 7.12 in 2024; short-term debt: 25.8% and cash: 51.3% of total assets), and 38.1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 02-04-2026, 120 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
120 d early
2024
17 d early
2023
54 d late
2022
13 d early
2021
31 d early
2020
15 d early
2019
89 d late
← 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
€129k▼ 14.7%
2024 · €151k
2018: €116klowest in 8 years
2019: €130k▲ +12.2% vs 2018
2020: €135k▲ +3.5% vs 2019
2021: €155k▲ +15.0% vs 2020
2022: €161k▲ +4.0% vs 2021highest in 8 years
2023: €151k▼ -6.3% vs 2022
2024: €151k▼ -0.1% vs 2023
2025: €129k▼ -14.7% vs 2024
2018 → 2025
Total assets
€208k▲ 1.4%
2024 · €205k
2018: €200k
2019: €188k▼ -6.0% vs 2018
2020: €183k▼ -2.5% vs 2019lowest in 8 years
2021: €194k▲ +5.8% vs 2020
2022: €207k▲ +7.0% vs 2021
2023: €199k▼ -4.3% vs 2022
2024: €205k▲ +3.4% vs 2023
2025: €208k▲ +1.4% vs 2024highest in 8 years
2018 → 2025
Net result
€-1k▼ 523%
2024 · €-171
2018: €3k
2019: €14k▲ +451% vs 2018
2020: €10k▼ -32.1% vs 2019
2021: €20k▲ +111% vs 2020highest in 8 years
2022: €6k▼ -69.1% vs 2021
2023: €-10k▼ -262% vs 2022lowest in 8 years
2024: €-171▲ +98.3% vs 2023
2025: €-1k▼ -523% vs 2024
2018 → 2025
Working capital
€154k▼ 12.1%
2024 · €175k
2018: €145klowest in 8 years
2019: €156k▲ +7.4% vs 2018
2020: €161k▲ +3.3% vs 2019
2021: €177k▲ +10.0% vs 2020
2022: €182k▲ +2.9% vs 2021highest in 8 years
2023: €179k▼ -1.8% vs 2022
2024: €175k▼ -2.2% vs 2023
2025: €154k▼ -12.1% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€155k-€161k▲ 4.0%€151k▼ 6.3%€151k▼ 0.1%€129k▼ 14.7%
2021: €155k
2022: €161k▲ +4.0% vs 2021highest in 5 years
2023: €151k▼ -6.3% vs 2022
2024: €151k▼ -0.1% vs 2023
2025: €129k▼ -14.7% vs 2024lowest in 5 years
Operating result€33k-€10k▼ 68.2%€-8k€2k€666▼ 56.2%
2021: €33khighest in 5 years
2022: €10k▼ -68.2% vs 2021
2023: €-8k▼ -178% vs 2022lowest in 5 years
2024: €2k▲ +119% vs 2023
2025: €666▼ -56.2% vs 2024
Net result€20k-€6k▼ 69.1%€-10k€-171▲ 98.3%€-1k▼ 523%
2021: €20khighest in 5 years
2022: €6k▼ -69.1% vs 2021
2023: €-10k▼ -262% vs 2022lowest in 5 years
2024: €-171▲ +98.3% vs 2023
2025: €-1k▼ -523% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 56% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €208k
Fixed assets
€855 ▼ 53.9%
Current assets
€207k ▲ 1.9%
Equity and liabilities €208k
Equity
€129k ▼ 14.7%
Provisions
€25k =
Debt
€54k ▲ 85.7%
Debt's share of the balance-sheet total rises from 14.3% to 26.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€2k▼
2024 · €3k
Cash flow
€-64▼
2024 · €828
Current ratio
3.86▼
2024 · 7.12
Debt to equity
0.42▲
2024 · 0.19
ROE
-0.8%▼
2024 · -0.1%
ROA
-0.5%▼
2024 · -0.1%
Interest coverage
1.07▼
2024 · 1.60
Debt ≤ 1 year
€54k▲
2024 · €29k
Income taxes
€171▼
2024 · €175
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 · 46 lines
Balance sheet
Code20242025
Assets
Total assets20/58€205k€208k▲
Fixed assets21/28€2k€855▼
Tangible fixed assets22/27€2k€855▼
Plant, machinery and equipment23€828€425▼
Furniture and vehicles24€1k€430▼
Current assets29/58€203k€207k▲
Amounts receivable within one year40/41€112k€100k▼
Trade receivables40€112k€100k▼
Cash at bank and in hand54/58€91k€107k▲
Deferred charges and accrued income490/1-€206
Equity and liabilities
Total equity and liabilities10/49€205k€208k▲
Equity10/15€151k€129k▼
Contributions10/11€65k€65k=
Reserves13€82k€61k▼
Non-distributable reserves130/1€8k€8k=
Reserves not available under the articles1311€8k€8k=
Distributable reserves133€74k€53k▼
Profit (loss) carried forward14€4k€3k▼
Provisions and deferred taxes16€25k€25k=
Provisions for liabilities and charges160/5€25k€25k=
Other liabilities and charges164/5€25k€25k=
Amounts payable17/49€29k€54k▲
Amounts payable within one year42/48€29k€54k▲
Trade debts44€1k€45▼
Suppliers440/4€1k€45▼
Taxes, remuneration and social security45€4k€8k▲
Taxes450/3€4k€8k▲
Other amounts payable47/48€24k€45k▲
Accrued charges and deferred income492/3€733€719▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€998€998=
Other operating charges640/8€10k€10k▼
Gross operating margin9900€13k€12k▼
Operating profit (loss)9901€2k€666▼
Financial income75/76B€59€0▼
Recurring financial income75€59€0▼
Financial charges65/66B€2k€2k▼
Recurring financial charges65€2k€2k▼
Profit (loss) for the period before taxes9903€5€-891▼
Income taxes67/77€175€171▼
Profit (loss) for the period9904€-171€-1k▼
Profit (loss) for the period to be appropriated9905€-171€-1k▼
Appropriation of the result
Profit (loss) to be appropriated9906€4k€3k▼
Profit (loss) brought forward from the previous period14P€4k€4k▼
Transfer from equity791/2-€21k
Profit to be distributed694/7-€21k
Return on contributions (dividend)694-€21k
The notes to these accounts (5 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 | - | €9k | €0 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €598 | €1k | €1k | €998 | €998 | = |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €24k | €0 | - | - | - | - |
| Other operating charges640/8 | €20k | €10k | €10k | €10k | €10k | ▼ 1.8% |
| Gross operating margin9900 | €77k | €22k | €3k | €13k | €12k | ▼ 8.1% |
| Operating profit (loss)9901 | €33k | €10k | €-8k | €2k | €666 | ▼ 56.2% |
| Financial income75/76B | €199 | €370 | €0 | €59 | €0 | ▼ 100.0% |
| Recurring financial income75 | €199 | €370 | €0 | €59 | €0 | ▼ 100.0% |
| Financial charges65/66B | €6k | €2k | €2k | €2k | €2k | ▼ 1.2% |
| Recurring financial charges65 | €6k | €2k | €2k | €2k | €2k | ▼ 1.2% |
| Profit (loss) for the period before taxes9903 | €27k | €9k | €-10k | €5 | €-891 | ▼ 19,350% |
| Income taxes67/77 | €7k | €3k | €176 | €175 | €171 | ▼ 2.2% |
| Profit (loss) for the period9904 | €20k | €6k | €-10k | €-171 | €-1k | ▼ 523% |
| Profit (loss) for the period to be appropriated9905 | €20k | €6k | €-10k | €-171 | €-1k | ▼ 523% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €194k | €207k | €199k | €205k | €208k | ▲ 1.4% |
| Fixed assets21/28 | €4k | €4k | €3k | €2k | €855 | ▼ 53.9% |
| Tangible fixed assets22/27 | €4k | €4k | €3k | €2k | €855 | ▼ 53.9% |
| Plant, machinery and equipment23 | €750 | €2k | €1k | €828 | €425 | ▼ 48.7% |
| Furniture and vehicles24 | €3k | €2k | €2k | €1k | €430 | ▼ 58.0% |
| Current assets29/58 | €190k | €203k | €196k | €203k | €207k | ▲ 1.9% |
| Amounts receivable after more than one year29 | €0 | €25k | €0 | - | - | - |
| Trade receivables290 | €0 | - | - | - | - | - |
| Other amounts receivable291 | - | €25k | €0 | - | - | - |
| Amounts receivable within one year40/41 | €104k | €100k | €115k | €112k | €100k | ▼ 10.4% |
| Trade receivables40 | €104k | €100k | €115k | €112k | €100k | ▼ 10.4% |
| Other amounts receivable41 | €14 | €0 | - | - | - | - |
| Cash at bank and in hand54/58 | €86k | €78k | €81k | €91k | €107k | ▲ 16.8% |
| Deferred charges and accrued income490/1 | €0 | - | - | - | €206 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €194k | €207k | €199k | €205k | €208k | ▲ 1.4% |
| Equity10/15 | €155k | €161k | €151k | €151k | €129k | ▼ 14.7% |
| Contributions10/11 | €65k | €65k | €65k | €65k | €65k | = |
| Reserves13 | €75k | €82k | €82k | €82k | €61k | ▼ 25.9% |
| Non-distributable reserves130/1 | €8k | €8k | €8k | €8k | €8k | = |
| Reserves not available under the articles1311 | €8k | €8k | €8k | €8k | €8k | = |
| Distributable reserves133 | €68k | €74k | €74k | €74k | €53k | ▼ 28.6% |
| Profit (loss) carried forward14 | €15k | €15k | €4k | €4k | €3k | ▼ 24.7% |
| Provisions and deferred taxes16 | €25k | €25k | €25k | €25k | €25k | = |
| Provisions for liabilities and charges160/5 | €25k | €25k | €25k | €25k | €25k | = |
| Pensions and similar obligations160 | €25k | €25k | €0 | - | - | - |
| Other liabilities and charges164/5 | - | - | €25k | €25k | €25k | = |
| Amounts payable17/49 | €14k | €21k | €22k | €29k | €54k | ▲ 85.7% |
| Amounts payable within one year42/48 | €13k | €21k | €17k | €29k | €54k | ▲ 87.9% |
| Trade debts44 | €3k | €13k | €2k | €1k | €45 | ▼ 96.8% |
| Suppliers440/4 | €3k | €13k | €2k | €1k | €45 | ▼ 96.8% |
| Taxes, remuneration and social security45 | €9k | €4k | €6k | €4k | €8k | ▲ 126% |
| Taxes450/3 | €9k | €4k | €6k | €4k | €8k | ▲ 126% |
| Other amounts payable47/48 | €1k | €5k | €10k | €24k | €45k | ▲ 92.9% |
| Accrued charges and deferred income492/3 | €481 | €0 | €5k | €733 | €719 | ▼ 1.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €20k | €6k | €-10k | €-171 | €-1k | ▼ 523% |
| + Depreciation and write-downs630 | €598 | €1k | €1k | €998 | €998 | = |
| Operating cash flow (approximation) | €21k | €8k | €-9k | €828 | €-64 | ▼ 108% |
| Investment in fixed assets (approximation) | - | €-2k | €0 | €0 | €0 | - |
| Change in cash | - | €-8k | €3k | €10k | €15k | ▲ 49.3% |
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
02-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
14-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
23-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 54 days late
2023
31-12
Financial
Weakest financial yearnet €-10k
Net result drops to €-10k, the lowest in the series; recovery starts the following year.
18-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €20k ▲111%
Operating result €33k, net result €20k, both a record.
31-12
Financial
Equity above €150kEq €155k ▲15%
4 profitable years in a row build equity to €155k.
16-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
28-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 89 days late
2019
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Mechelen · 1 establishment unit since 2004
Ground area
287 m²
Building footprint
96 m²
Volume, LiDAR
575 m³
Parcel 12403E0135/00S000, Flanders · tallest building 8.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
COORDINATES
since 20042.291.077.840
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12403E0135/00S000 | Flanders | 287 m² | 1 · 96 m² | 8.7 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.
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Of 2,121 companies in sector 46500 we hold annual accounts for 1,403. 1,051 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 (pre-2019)
Founded13-10-2004
Fiscal year end31-12
Activities, NACEBEL 2025
46500Wholesale of information and communication equipment
47400Retail sale of information and communication equipment
62200Computer consultancy and computer facilities management
Scores and ratios are computed by Checked and are not a credit decision.