COSTERMANS
ActiveSummary
COSTERMANS has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €327,381 and a net result of -€78,537. Equity is shrinking by ~5.4% per year across the filed fiscal years. Its solvency ranks better than 49% of 1765 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability7▼-3
Solvency66▼-1
Growth32=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €17,000 at 30 days acceptable
Liquidity short (current ratio 0.85 against 1.33 in 2024; short-term debt: 55.6% and cash: 9.7% of total assets), and 59.3% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 01
Relative position
BE, all sectors
reference
Crop and animal production, hunting and related service activities (NACE 01)
about 70% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€78,537
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 20-07-2026, 11 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
11 d early
2024
34 d early
2023
34 d early
2022
17 d late
2021
30 d late
2020
32 d late
2019
32 d 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 5 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 37% of the sector filed late.
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. Usually files around 20 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€327,381▼ 19.3%
2024 · €405,918
Total assets
€804,663▼ 16.3%
2024 · €961,019
Net result
-€78,537▼ 7.5%
2024 · -€73,051
Working capital
-€68,809
2024 · €120,012
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 01, Crop and animal production, hunting and related service activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€198,206▼ 136%€22,266€145,824▲ 555%-€55,679-€62,715▼ 12.6%
Net result-€202,356below the sector's middle half▼ 132%€14,240within the sector's middle half€139,643within the sector's middle half▲ 881%-€73,051below the sector's middle half-€78,537below the sector's middle half▼ 7.5%
Equity€325,086within the sector's middle half▼ 38.4%€339,326within the sector's middle half▲ 4.4%€478,969within the sector's middle half▲ 41.2%€405,918within the sector's middle half▼ 15.3%€327,381within the sector's middle half▼ 19.3%
Total assets€1.2mwithin the sector's middle half▲ 39.1%€1.3mwithin the sector's middle half▲ 6.3%€1.2mwithin the sector's middle half▼ 1.4%€961,019within the sector's middle half▼ 23.1%€804,663within the sector's middle half▼ 16.3%
Debt€867,486▲ 163%€927,959▲ 7.0%€770,385▼ 17.0%€555,100▼ 27.9%€477,282▼ 14.0%
Working capital-€45,310within the sector's middle half€290,801within the sector's middle half€250,078within the sector's middle half▼ 14.0%€120,012within the sector's middle half▼ 52.0%-€68,809below the sector's middle half
Solvency27.3%within the sector's middle half▼ 34.3pp26.8%within the sector's middle half▼ 0.5pp38.3%within the sector's middle half▲ 11.6pp42.2%within the sector's middle half▲ 3.9pp40.7%within the sector's middle half▼ 1.6pp
Current ratio0.92within the sector's middle half▼ 0.381.78within the sector's middle half▲ 0.871.54within the sector's middle half▼ 0.241.33within the sector's middle half▼ 0.210.85below the sector's middle half▼ 0.49
Return on assets (ROA)-17.0%below the sector's middle half▼ 6.8pp1.1%within the sector's middle half▲ 18.1pp11.2%within the sector's middle half▲ 10.1pp-7.6%below the sector's middle half▼ 18.8pp-9.8%below the sector's middle half▼ 2.2pp
Staff (FTE)7.3within the sector's middle half▼ 3.9%6.7within the sector's middle half▼ 8.2%7.8within the sector's middle half▲ 16.4%8.4above the sector's middle half▲ 7.7%7.8above the sector's middle half▼ 7.1%
above
within
below
the middle half (P25 to P75) of NACE 01, Crop and animal production, hunting and related service activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €62,715 in 2025 against €55,679 in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €804,663
Fixed assets
€426,191 ▼ 11.6%
Current assets
€378,473 ▼ 21.0%
Equity and liabilities €804,663
Equity
€327,381 ▼ 19.3%
Debt
€477,282 ▼ 14.0%
Debt's share of the balance-sheet total rises from 57.8% to 59.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€5,560▼
2024 · €2,480
Cash flow
-€21,382▼
2024 · -€14,892
Quick ratio
0.71▼
2024 · 1.20
Debt to equity
1.46▲
2024 · 1.37
ROE
-24.0%▼
2024 · -18.0%
Interest coverage
-0.31▼
2024 · 0.12
Debt ≤ 1 year
€447,282▲
2024 · €358,873
Debt > 1 year
€30,000▲
2024 · €25,000
Income taxes
€176▼
2024 · €317
Staff costs
€254,877▼
2024 · €255,542
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,915 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 91% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a small loss
1.1%
went bankrupt
7.8%
stopped otherwise
91%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 6,915 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €2,374 | - | - | - | €95,396 | - |
| Remuneration, social security and pensions62 | €277,354 | €169,587 | €224,665 | €255,542 | €254,877 | ▼ 0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €38,270 | €58,286 | €58,059 | €58,159 | €57,155 | ▼ 1.7% |
| Other operating charges640/8 | €10,565 | €10,547 | €14,009 | €13,842 | €13,841 | = |
| Non-recurring operating charges66A | - | - | €765 | €0 | €1 | - |
| Gross operating margin9900 | €127,983 | €260,686 | €443,323 | €271,865 | €263,159 | ▼ 3.2% |
| Operating profit (loss)9901 | -€198,206 | €22,266 | €145,824 | -€55,679 | -€62,715 | ▼ 12.6% |
| Financial income75/76B | €5,043 | €3,327 | €7,871 | €3,058 | €2,360 | ▼ 22.8% |
| Recurring financial income75 | €5,043 | €3,327 | €3,254 | €3,058 | €2,360 | ▼ 22.8% |
| Non-recurring financial income76B | - | - | €4,617 | €0 | - | - |
| Financial charges65/66B | €8,959 | €11,070 | €13,748 | €20,112 | €18,006 | ▼ 10.5% |
| Recurring financial charges65 | €8,959 | €11,070 | €13,748 | €20,112 | €18,006 | ▼ 10.5% |
| Profit (loss) for the period before taxes9903 | -€202,122 | €14,523 | €139,946 | -€72,734 | -€78,361 | ▼ 7.7% |
| Income taxes67/77 | €234 | €283 | €303 | €317 | €176 | ▼ 44.5% |
| Profit (loss) for the period9904 | -€202,356 | €14,240 | €139,643 | -€73,051 | -€78,537 | ▼ 7.5% |
| Profit (loss) for the period to be appropriated9905 | -€202,356 | €14,240 | €139,643 | -€73,051 | -€78,537 | ▼ 7.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.2m | €1.3m | €1.2m | €961,019 | €804,663 | ▼ 16.3% |
| Fixed assets21/28 | €676,434 | €605,715 | €540,293 | €482,133 | €426,191 | ▼ 11.6% |
| Intangible fixed assets21 | €30,457 | €1 | €1 | €1 | €0 | ▼ 100% |
| Tangible fixed assets22/27 | €642,817 | €602,554 | €537,132 | €478,972 | €423,051 | ▼ 11.7% |
| Land and buildings22 | €393,574 | €393,574 | €393,000 | €393,000 | €393,000 | = |
| Plant, machinery and equipment23 | €236,266 | €199,191 | €144,132 | €85,972 | €30,051 | ▼ 65.0% |
| Furniture and vehicles24 | €12,977 | €9,789 | €0 | - | - | - |
| Financial fixed assets28 | €3,160 | €3,160 | €3,160 | €3,160 | €3,140 | ▼ 0.6% |
| Current assets29/58 | €516,139 | €661,570 | €709,061 | €478,885 | €378,473 | ▼ 21.0% |
| Amounts receivable after more than one year29 | €97,111 | €89,444 | €81,778 | €74,111 | €66,444 | ▼ 10.3% |
| Other amounts receivable291 | €97,111 | €89,444 | €81,778 | €74,111 | €66,444 | ▼ 10.3% |
| Stocks and contracts in progress3 | €58,944 | €72,459 | €45,861 | €49,740 | €62,017 | ▲ 24.7% |
| Stocks30/36 | €58,944 | €72,459 | €45,861 | €49,740 | €62,017 | ▲ 24.7% |
| Amounts receivable within one year40/41 | €298,104 | €130,929 | €312,325 | €68,911 | €141,207 | ▲ 105% |
| Trade receivables40 | €268,990 | €111,993 | €292,622 | €52,314 | €126,253 | ▲ 141% |
| Other amounts receivable41 | €29,115 | €18,937 | €19,703 | €16,597 | €14,954 | ▼ 9.9% |
| Cash at bank and in hand54/58 | €13,714 | €85,704 | €244,188 | €88,041 | €78,391 | ▼ 11.0% |
| Deferred charges and accrued income490/1 | €48,265 | €283,034 | €24,909 | €198,082 | €30,414 | ▼ 84.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.2m | €1.3m | €1.2m | €961,019 | €804,663 | ▼ 16.3% |
| Equity10/15 | €325,086 | €339,326 | €478,969 | €405,918 | €327,381 | ▼ 19.3% |
| Contributions10/11 | €152,000 | €152,000 | €152,000 | €152,000 | €152,000 | = |
| Revaluation surpluses12 | €282,622 | €282,622 | €282,622 | €282,622 | €282,622 | = |
| Reserves13 | €15,200 | €15,200 | €15,200 | €15,200 | €15,200 | = |
| Non-distributable reserves130/1 | €15,200 | €15,200 | €15,200 | €0 | - | - |
| Reserves not available under the articles1311 | €15,200 | €15,200 | €15,200 | €0 | - | - |
| Distributable reserves133 | - | - | - | €15,200 | €15,200 | = |
| Profit (loss) carried forward14 | -€124,736 | -€110,496 | €29,147 | -€43,904 | -€122,441 | ▼ 179% |
| Amounts payable17/49 | €867,486 | €927,959 | €770,385 | €555,100 | €477,282 | ▼ 14.0% |
| Amounts payable after more than one year17 | €295,000 | €251,467 | €100,000 | €25,000 | €30,000 | ▲ 20.0% |
| Financial debts170/4 | €295,000 | €251,467 | €100,000 | €25,000 | €30,000 | ▲ 20.0% |
| Amounts payable within one year42/48 | €561,449 | €370,769 | €458,984 | €358,873 | €447,282 | ▲ 24.6% |
| Current portion of amounts payable after more than one year42 | €50,000 | €125,000 | €150,000 | €75,000 | €25,000 | ▼ 66.7% |
| Financial debts43 | €200,000 | €200,000 | €200,000 | €200,000 | €200,000 | = |
| Credit institutions430/8 | €200,000 | €200,000 | €200,000 | €200,000 | €200,000 | = |
| Trade debts44 | €273,255 | €11,335 | €66,288 | €47,543 | €156,672 | ▲ 230% |
| Suppliers440/4 | €273,255 | €11,335 | €66,288 | €47,543 | €156,672 | ▲ 230% |
| Taxes, remuneration and social security45 | €37,704 | €32,049 | €40,311 | €34,574 | €44,826 | ▲ 29.7% |
| Taxes450/3 | €6,874 | €8,304 | €7,522 | €617 | €11,052 | ▲ 1,693% |
| Remuneration and social security454/9 | €30,830 | €23,745 | €32,789 | €33,957 | €33,774 | ▼ 0.5% |
| Other amounts payable47/48 | €490 | €2,385 | €2,385 | €1,756 | €20,784 | ▲ 1,083% |
| Accrued charges and deferred income492/3 | €11,037 | €305,723 | €211,401 | €171,228 | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€202,356 | €14,240 | €139,643 | -€73,051 | -€78,537 | ▼ 7.5% |
| + Depreciation and write-downs630 | €38,270 | €58,286 | €58,059 | €58,159 | €57,155 | ▼ 1.7% |
| Operating cash flow (approximation) | -€164,086 | €72,526 | €197,702 | -€14,892 | -€21,382 | ▼ 43.6% |
| Investment in fixed assets (approximation) | - | €12,432 | €7,364 | €0 | -€1,213 | - |
| Change in cash | - | €71,990 | €158,484 | -€156,147 | -€9,650 | ▲ 93.8% |
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
20-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
17-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 17 days late
2022
31-12
Financial
Back to profitnet €14,240
Net result €14,240 after 2 loss-making years.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 30 days late
2021
31-12
Financial
Weakest financial yearnet -€202,356
Net result drops to -€202,356, the lowest in the series; recovery starts the following year.
01-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 32 days late
2020
29-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Equity above €500,000Eq €614,661 ▲48.5%
2 profitable years in a row build equity to €614,661.
15-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 30 days late
2017
24-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 24 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Berlaar · 1 establishment unit since 2006
Ground area
862 m²
Building footprint
283 m²
Volume, LiDAR
1,156 m³
Parcel 12002D0654/00M000, Flanders · tallest building 7.3 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Brandestraat 45, 2590 Berlaar
since 20062.158.111.527
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12002D0654/00M000 | Flanders | 862 m² | 1 · 283 m² | 7.3 m · 1 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.
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 4,996 EUR awarded · 4,996 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 4,996 EUR | 4,996 EUR |
Recognitions · licences · registrations
Food safety, FASFC
1 siteBerlaar2.158.111.527
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Of 3,623 companies in sector 01130 we hold annual accounts for 789. 595 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
Founded06-12-2006
Fiscal year end31-12
Activities, NACEBEL 2025
01130Growing of vegetables, melons, roots and tubers
E-invoicing
Reachable via Peppol
Peppol ID
0208:0885687006
Also
9925:BE0885687006
Registered
21-05-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.