CORAMTEC
ActiveSummary
The computed 12-month bankruptcy probability of CORAMTEC is 2.5% (moderate). The 2024 annual accounts show equity of €14k and a net result of €-5k. Equity is growing by ~7.9% per year across the filed fiscal years. Its solvency ranks better than 90% of 36375 sector peers (fiscal year 2024). The company has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability0▼-100
Solvency100=
Growth85=
Track record100
Bankruptcy probability, 12 months
2.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity ample (current ratio 6.64 against 8.75 in 2023; short-term debt: 15.1% and cash: 10.3% of total assets), and 15.1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
84.9%
Return on assets
-33.1%
Age of the figures
21 mo
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-09-2025, 60 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
60 d late
2023
56 d late
2022
47 d early
2021
9 d late
2020
22 d early
2019
28 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Turnover
€30k▼ 32.5%
2020 · €44k
2018: €16k
2019: €14k▼ -11.1% vs 2018lowest in 4 years
2020: €44k▲ +219% vs 2019highest in 4 years
2021: €30k▼ -32.5% vs 2020
2018 → 2021
EBIT margin
29.8%▲ 39.2pp
2020 · -9.4%
2018: -47.9%lowest in 4 years
2019: 1.9%▲ +104% vs 2018
2020: -9.4%▼ -600% vs 2019
2021: 29.8%▲ +419% vs 2020highest in 4 years
2018 → 2021
Net result
€-5k
2023 · €6k
2018: €-11klowest in 7 years
2019: €113▲ +101% vs 2018
2020: €-4k▼ -3914% vs 2019
2021: €9k▲ +302% vs 2020highest in 7 years
2022: €-1k▼ -115% vs 2021
2023: €6k▲ +562% vs 2022
2024: €-5k▼ -190% vs 2023
2018 → 2024
Working capital
€14k▼ 28.1%
2023 · €19k
2019: €10k
2020: €4k▼ -58.4% vs 2019lowest in 6 years
2021: €13k▲ +223% vs 2020
2022: €13k▼ -5.3% vs 2021
2023: €19k▲ +49.8% vs 2022highest in 6 years
2024: €14k▼ -28.1% vs 2023
2019 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€44k-€30k▼ 32.5%
2020: €44k
2021: €30k▼ -32.5% vs 2020
Equity€6k-€14k▲ 152%€13k▼ 8.9%€19k▲ 45.3%€14k▼ 28.1%
2020: €6klowest in 5 years
2021: €14k▲ +152% vs 2020
2022: €13k▼ -8.9% vs 2021
2023: €19k▲ +45.3% vs 2022highest in 5 years
2024: €14k▼ -28.1% vs 2023
Operating result€-4k-€9k€-2k€7k€-5k
2020: €-4k
2021: €9k▲ +315% vs 2020highest in 5 years
2022: €-2k▼ -117% vs 2021
2023: €7k▲ +533% vs 2022
2024: €-5k▼ -181% vs 2023lowest in 5 years
Net result€-4k-€9k€-1k€6k€-5k
2020: €-4k
2021: €9k▲ +302% vs 2020highest in 5 years
2022: €-1k▼ -115% vs 2021
2023: €6k▲ +562% vs 2022
2024: €-5k▼ -190% vs 2023lowest in 5 years
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €5k after €7k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €16k
Equity
€14k ▼ 28.1%
Debt
€2k ▼ 1.1%
Debt's share of the balance-sheet total rises from 11.4% to 15.1%. Equity and debt are lower.
Key figures and ratios
Current ratio
6.64▼
2023 · 8.75
Quick ratio
5.03▼
2023 · 8.75
Debt to equity
0.18▲
2023 · 0.13
ROE
-39.0%▼
2023 · 31.2%
ROA
-33.1%▼
2023 · 27.6%
Debt ≤ 1 year
€2k▼
2023 · €2k
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 · 2024 against 2023 · 36 lines
Balance sheet
Code20232024
Assets
Total assets20/58€22k€16k▼
Current assets29/58€22k€16k▼
Stocks and contracts in progress3-€4k
Stocks30/36-€4k
Amounts receivable within one year40/41€17k€11k▼
Trade receivables40€10k€6k▼
Other amounts receivable41€7k€5k▼
Cash at bank and in hand54/58€4k€2k▼
Equity and liabilities
Total equity and liabilities10/49€22k€16k▼
Equity10/15€19k€14k▼
Contributions10/11€6k€6k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€11k€6k▼
Amounts payable17/49€2k€2k▼
Amounts payable within one year42/48€2k€2k▼
Trade debts44€2k€2k▲
Suppliers440/4€2k€2k▲
Advances received on contracts in progress46€60-
Taxes, remuneration and social security45€705€705=
Taxes450/3€705€705=
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€390-
Other operating charges640/8€2k€5k▲
Gross operating margin9900€9k€-501▼
Operating profit (loss)9901€7k€-5k▼
Financial income75/76B-€299
Recurring financial income75-€299
Financial charges65/66B-€267
Recurring financial charges65-€267
Profit (loss) for the period before taxes9903€7k€-5k▼
Income taxes67/77€705-
Profit (loss) for the period9904€6k€-5k▼
Profit (loss) for the period to be appropriated9905€6k€-5k▼
Appropriation of the result
Profit (loss) to be appropriated9906€11k€6k▼
Profit (loss) brought forward from the previous period14P€5k€11k▲
The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €44k | €30k | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €19k | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €190 | €580 | €580 | €390 | - | - |
| Other operating charges640/8 | - | €1k | €177 | €2k | €5k | ▲ 166% |
| Gross operating margin9900 | €-4k | €11k | €-778 | €9k | €-501 | ▼ 106% |
| Operating profit (loss)9901 | €-4k | €9k | €-2k | €7k | €-5k | ▼ 181% |
| Financial income75/76B | - | €9 | €425 | - | €299 | - |
| Recurring financial income75 | - | €9 | €425 | - | €299 | - |
| Financial charges65/66B | - | €230 | €177 | - | €267 | - |
| Recurring financial charges65 | €149 | €230 | €177 | - | €267 | - |
| Profit (loss) for the period before taxes9903 | €-4k | €9k | €-1k | €7k | €-5k | ▼ 180% |
| Income taxes67/77 | - | - | - | €705 | - | - |
| Profit (loss) for the period9904 | €-4k | €9k | €-1k | €6k | €-5k | ▼ 190% |
| Profit (loss) for the period to be appropriated9905 | €-4k | €9k | €-1k | €6k | €-5k | ▼ 190% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €24k | €20k | €14k | €22k | €16k | ▼ 25.0% |
| Fixed assets21/28 | €2k | €970 | €390 | - | - | - |
| Tangible fixed assets22/27 | €2k | €970 | €390 | - | - | - |
| Furniture and vehicles24 | - | €970 | €390 | - | - | - |
| Current assets29/58 | €22k | €19k | €14k | €22k | €16k | ▼ 25.0% |
| Stocks and contracts in progress3 | - | - | - | - | €4k | - |
| Stocks30/36 | - | - | - | - | €4k | - |
| Amounts receivable within one year40/41 | €16k | €10k | €12k | €17k | €11k | ▼ 39.0% |
| Trade receivables40 | - | €7k | €5k | €10k | €6k | ▼ 38.7% |
| Other amounts receivable41 | - | €2k | €7k | €7k | €5k | ▼ 39.5% |
| Cash at bank and in hand54/58 | €6k | €9k | €2k | €4k | €2k | ▼ 60.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €24k | €20k | €14k | €22k | €16k | ▼ 25.0% |
| Equity10/15 | €6k | €14k | €13k | €19k | €14k | ▼ 28.1% |
| Contributions10/11 | - | €6k | €6k | €6k | €6k | = |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €-2k | €6k | €5k | €11k | €6k | ▼ 48.7% |
| Amounts payable17/49 | €18k | €5k | €1k | €2k | €2k | ▼ 1.1% |
| Amounts payable within one year42/48 | €18k | €5k | €1k | €2k | €2k | ▼ 1.1% |
| Trade debts44 | €8k | €5k | €1k | €2k | €2k | ▲ 1.9% |
| Suppliers440/4 | - | €5k | €1k | €2k | €2k | ▲ 1.9% |
| Advances received on contracts in progress46 | - | - | - | €60 | - | - |
| Taxes, remuneration and social security45 | - | - | - | €705 | €705 | = |
| Taxes450/3 | - | - | - | €705 | €705 | = |
| Other amounts payable47/48 | - | €425 | - | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-4k | €9k | €-1k | €6k | €-5k | ▼ 190% |
| + Depreciation and write-downs630 | €190 | €580 | €580 | €390 | - | - |
| Operating cash flow (approximation) | €-4k | €9k | €-706 | €6k | €-5k | ▼ 184% |
| Investment in fixed assets (approximation) | - | €0 | €0 | - | - | - |
| Change in cash | - | €3k | €-7k | €2k | €-3k | ▼ 229% |
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
2025
29-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 60 days late
2024
25-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 56 days late
2023
31-12
Financial
Back to profitnet €6k
Net result €6k after one loss-making year.
14-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Liquidity triplescurrent ratio 12.56
Current ratio from 3.60 to 12.56; short-term debt falls from €5k to €1k.
09-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 9 days late
2021
31-12
Financial
Back to profitnet €9k
Net result €9k after one loss-making year.
31-12
Financial
Liquidity triplescurrent ratio 3.60
Current ratio from 1.23 to 3.60; short-term debt falls from €18k to €5k.
09-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 28 days late
2019
31-12
Financial
Back to profitnet €113
Net result €113 after one loss-making year.
20-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
Show earlier events
2018
26-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
04-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
01-02
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 185 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, Sint-Jans-Molenbeek · 1 establishment unit since 2013
Ground area
258 m²
Building footprint
234 m²
Volume, LiDAR
3,487 m³
2 parcels, Brussels · tallest building 22.3 m, ±7 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
CORAMTEC
since 20132.216.719.026
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21492B0026/00S003 | Brussels | 205 m² | 1 · 178 m² | 18.9 m · 5 fl. |
| 21523B0937/00W030 | Brussels | 53 m² | 1 · 56 m² | 22.3 m · 7 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 9,528 companies in sector 43222 we hold annual accounts for 5,663. 2,990 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)
Founded25-01-2013
Fiscal year end31-12
Activities, NACEBEL 2025
43222Installation of electric heating, air conditioning, cooling and ventilation
43221Plumbing work
Scores and ratios are computed by Checked and are not a credit decision.