COOREVITS
COOREVITS has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.24M and a net result of €496k. Equity is growing by ~18.3% per year across the filed fiscal years. Its solvency ranks better than 68% of 976 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
| Equity | €2.24M |
| Net result | €496k |
| Staff (FTE) | 8 |
| Better than sector | 68% |
Exceptional profile, strong across almost every axis.
All 5 axes are computed from data Checked has read.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 54.6% | 32.3% | |
| Net result | €496k | €6k | |
| Equity | €2.24M | €65k | |
| Gross operating margin | €1.62M | €128k | |
| Staff costs | €434k | €180k |
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Deposit | abbreviated schema | abbreviated schema | abbreviated schema | abbreviated schema |
| Revenue | - | - | - | - |
| EBITDA | €1.17M | €849k | €674k | €668k |
| Net profit | €496k | €373k | €328k | €333k |
| Cash flow | €894k | €645k | €508k | €497k |
| Staff costs | €434k | €370k | €233k | €246k |
| Income taxes | €233k | €174k | €142k | €152k |
| Dividends | - | €190k | €95k | €100k |
| Total assets | €4.10M | €3.89M | €3.56M | €2.90M |
| Equity | €2.24M | €1.74M | €1.56M | €1.33M |
| Debt | €1.86M | €2.15M | €2.00M | €1.57M |
| of which ≤ 1y | €398k | €533k | €414k | €385k |
| of which > 1y | €1.46M | €1.62M | €1.59M | €1.18M |
| Working capital | €1.86M | €1.29M | €965k | €870k |
| Employees (FTE) | 8.0 | 5.2 | 4.0 | 4.5 |
| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Current ratio | 5.67 | 3.42 | 3.33 | 3.26 |
| Quick ratio | 5.47 | 3.30 | 3.20 | 3.14 |
| Working capital ratio | 45.3% | 33.2% | 27.1% | 30.0% |
| Solvency | 54.6% | 44.7% | 43.7% | 45.8% |
| Debt / equity | 0.83 | 1.23 | 1.29 | 1.19 |
| Long-term debt ratio | 0.65 | 0.93 | 1.02 | 0.89 |
| Interest coverage | 20.40 | 18.25 | 26.82 | 34.31 |
| Gross margin | - | - | - | - |
| Net margin | - | - | - | - |
| ROA | 12.1% | 9.6% | 9.2% | 11.5% |
| ROE | 22.2% | 21.4% | 21.0% | 25.1% |
| EBITDA margin | - | - | - | - |
| Days sales outstanding | - | - | - | - |
| Days payable outstanding | - | - | - | - |
| Inventory turnover | - | - | - | - |
| Days inventory (DSI) | - | - | - | - |
Full annual accounts (27 line items)
| Line item | Code | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Balance sheet, Assets | |||||
| TOTAL ASSETS | 20/58 | €4.10M | €3.89M | €3.56M | €2.90M |
| Fixed assets | 21/28 | €1.85M | €2.07M | €2.19M | €1.64M |
| Intangible fixed assets | 21 | €114k | €187k | - | - |
| Tangible fixed assets | 22/27 | €1.73M | €1.88M | €1.51M | €971k |
| Financial fixed assets | 28 | - | - | €672k | €672k |
| Current assets | 29/58 | €2.26M | €1.83M | €1.38M | €1.26M |
| Stocks & contracts in progress | 3 | €78k | €67k | €54k | €47k |
| Amounts receivable within one year | 40/41 | €210k | €207k | €332k | €188k |
| Investments | 50/53 | €1.28M | €817k | €632k | €372k |
| Cash & bank | 54/58 | €677k | €722k | €361k | €639k |
| Balance sheet, Equity & liabilities | |||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €4.10M | €3.89M | €3.56M | €2.90M |
| Equity | 10/15 | €2.24M | €1.74M | €1.56M | €1.33M |
| Contributions / capital | 10/11 | €19k | €19k | €19k | €19k |
| Reserves | 13 | €2.02M | €1.52M | €1.34M | €1.11M |
| Accumulated profits (losses) | 14 | €203k | €203k | €200k | €197k |
| Amounts payable | 17/49 | €1.86M | €2.15M | €2.00M | €1.57M |
| Amounts payable after one year | 17 | €1.46M | €1.62M | €1.59M | €1.18M |
| Amounts payable within one year | 42/48 | €398k | €533k | €414k | €385k |
| Trade debts payable within one year | 44 | €97k | €121k | €85k | €97k |
| Income statement | |||||
| Gross operating margin | 9900 | €1.62M | €1.24M | €987k | €927k |
| Operating result | 9901 | €767k | €577k | €494k | €504k |
| Financial income | 75 | €20k | €17k | €1k | €617 |
| Financial charges | 65 | €57k | €47k | €25k | €19k |
| Result before taxes | 9903 | €730k | €547k | €470k | €485k |
| Income taxes | 67/77 | €233k | €174k | €142k | €152k |
| Net result for the period | 9904 | €496k | €373k | €328k | €333k |
| Result to be appropriated | 9905 | €496k | €373k | €328k | €333k |
-
Current01-08-2024 → present
2 events
- 02-08-2024 Appointed· Director
- 01-08-2024 Appointed· Managing director
-
Elwo Services BVLegal entityDirector· perm. rep.: Jonas WoutersState Gazette act 24086946 (10-06-2024)Current01-03-2024 → present
-
Frederik WilleDirectorState Gazette act 24086946 (10-06-2024)Current01-03-2024 → present
2 events
- 01-03-2024 Resigned· Director
- 01-03-2024 Appointed· Director
-
Jan CoorevitsDirectorState Gazette act 24086946 (10-06-2024)Current01-03-2024 → present
3 events
- 02-08-2024 Resigned· Director
- 01-03-2024 Resigned· Director
- 01-03-2024 Appointed· Director
-
Tiva Support VOFLegal entityDirector· perm. rep.: Ivo TerlaekenState Gazette act 24086946 (10-06-2024)Current01-03-2024 → present
Former directors (3)
-
Greta TerlaekenDirectorState Gazette act 24086946 (10-06-2024)Former- → 01-03-2024
-
Ivo TerlaekenDirectorState Gazette act 24086946 (10-06-2024)Former- → 01-03-2024
-
Mieke WilleDirectorState Gazette act 24086946 (10-06-2024)Former- → 01-03-2024
| NACE primary | Funeral services(96301) |
| Legal form | Private limited company(610) |
| Incorporation | 30-12-1993 |
| Status | Active |
| Postal code | 3090 |
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23062N0036/00X021 | Flanders | 2,533 m² | 1 · 674 m² | 10.7 m · 1 fl. |
| 24052B0042/00B000 | Flanders | 2,522 m² | 1 · 444 m² | 7.5 m · 2 fl. |
We know of 7 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
18-09-2024 4 directors appointed, 1 resigning
- 5DVM, Bestuurder
- 5DVM, Gedelegeerd bestuurder
- Matthias Vleminckx, Dagelijks bestuur
- Kevin Vleminckx, Dagelijks bestuur
- COOREVITS Jan, Bestuurder
Technical details
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"eer uitgifte van het proces-verbaal",
"de geco\u00F6rdineerde tekst van statuten"
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}19-06-2024 Publication in the Belgian Official Gazette, Miscellaneous
Technical details
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}10-06-2024 6 directors appointed, 5 resigning
- Jan Coorevits, Bestuurder
- Ivo Terlaeken, Bestuurder
- Frederik Wille, Bestuurder
- Jonas Wouters, Bestuurder
- Jan Coorevits, Gedelegeerd bestuurder
- Jan Coorevits, Voorzitter
- Jan Coorevits, Bestuurder
- Ivo Terlaeken, Bestuurder
Technical details
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}| Legal nameNL | COOREVITS |