Cottenier-Desmedt
ActiveSummary
Cottenier-Desmedt has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €92k and a net result of €8k. Equity is growing by ~31.6% per year across the filed fiscal years. Its solvency ranks better than 19% of 16546 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
65
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability71▼-29
Solvency43▼-57
Growth52▼-26
Track record94
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity short (current ratio 0.49 against 7.66 in 2024; short-term debt: 18.3% and cash: 3.7% of total assets), and 82% 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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 86
Relative position
BE, all sectors
reference
Sector 86
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
18%
Return on assets
1.6%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 16546 sector peers (2025).
NBB · sector comparisonPosition among 16546 sector peers
Solvency
better than 19%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 12-08-2026, 12 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 · 4 filingsDeviation from the deadline
2025
12 d late
2024
29 d early
2023
29 d late
2022
29 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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€92k▼ 50.0%
2024 · €183k
2022: €59k
2023: €113k
2024: €183k
2022 → 2025
Total assets
€510k▲ 118%
2024 · €233k
2022: €76k
2023: €126k
2024: €233k
2022 → 2025
Net result
€8k▼ 89.6%
2024 · €80k
2022: €56k
2023: €55k
2024: €80k
2022 → 2025
Working capital
€-47k
2024 · €164k
2022: €36k
2023: €95k
2024: €164k
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€59k-€113k▲ 91.2%€183k▲ 62.5%€92k▼ 50.0%
Operating result€72k-€71k▼ 0.8%€101k▲ 41.5%€18k▼ 82.4%
Net result€56k-€55k▼ 0.3%€80k▲ 43.7%€8k▼ 89.6%
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 82% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €510k
Fixed assets
€464k ▲ 936%
Current assets
€46k ▼ 75.7%
Equity and liabilities €510k
Equity
€92k ▼ 50.0%
Debt
€418k ▲ 732%
Debt's share of the balance-sheet total rises from 21.5% to 82.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€88k▼
2024 · €113k
Cash flow
€79k▼
2024 · €92k
Current ratio
0.49▼
2024 · 7.66
Debt to equity
4.57▲
2024 · 0.27
ROE
9.1%▼
2024 · 43.5%
ROA
1.6%▼
2024 · 34.1%
Interest coverage
16.93▼
2024 · 85.94
Debt ≤ 1 year
€93k▲
2024 · €25k
Debt > 1 year
€322k▲
2024 · €23k
Income taxes
€4k▼
2024 · €20k
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 · 50 lines
Balance sheet
Code20242025
Assets
Total assets20/58€233k€510k▲
Fixed assets21/28€45k€464k▲
Tangible fixed assets22/27€45k€464k▲
Land and buildings22-€421k
Plant, machinery and equipment23-€11k
Furniture and vehicles24€45k€32k▼
Current assets29/58€189k€46k▼
Amounts receivable within one year40/41€18k€25k▲
Trade receivables40€18k€17k▼
Other amounts receivable41€0€8k▲
Cash at bank and in hand54/58€170k€19k▼
Deferred charges and accrued income490/1€1k€2k▲
Equity and liabilities
Total equity and liabilities10/49€233k€510k▲
Equity10/15€183k€92k▼
Contributions10/11€5k€5k=
Reserves13€178k€87k▼
Distributable reserves133€178k€87k▼
Profit (loss) carried forward14€0€0=
Amounts payable17/49€50k€418k▲
Amounts payable after more than one year17€23k€322k▲
Financial debts170/4€23k€322k▲
Amounts payable within one year42/48€25k€93k▲
Current portion of amounts payable after more than one year42€7k€30k▲
Trade debts44€117€2k▲
Suppliers440/4€117€2k▲
Taxes, remuneration and social security45€7k€1k▼
Taxes450/3€7k€1k▼
Other amounts payable47/48€11k€60k▲
Accrued charges and deferred income492/3€2k€3k▲
Income statement
Code20242025
Non-recurring operating income76A€2k€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12k€70k▲
Other operating charges640/8€902€2k▲
Non-recurring operating charges66A€285€127▼
Gross operating margin9900€115k€90k▼
Operating profit (loss)9901€101k€18k▼
Financial income75/76B€0€0▲
Recurring financial income75€0€0▲
Financial charges65/66B€1k€5k▲
Recurring financial charges65€1k€5k▲
Profit (loss) for the period before taxes9903€100k€13k▼
Income taxes67/77€20k€4k▼
Profit (loss) for the period9904€80k€8k▼
Profit (loss) for the period to be appropriated9905€80k€8k▼
Appropriation of the result
Profit (loss) to be appropriated9906€80k€8k▼
Transfer from equity791/2-€100k
Transfer to equity691/2€70k€8k▼
To other reserves6921€70k€8k▼
Profit to be distributed694/7€9k€100k▲
Return on contributions (dividend)694€2k€100k▲
Directors or managers695€8k€0▼
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
12-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 12 days late
2025
31-12
Financial
Weakest financial yearnet €8k ▼89.6%
Net result drops to €8k, the lowest in the series.
02-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2022net €80k ▲43.7%
Operating result €101k, net result €80k, both a record.
31-12
Financial
Equity above €150kEq €183k ▲62.5%
3 profitable years in a row build equity to €183k.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
31-12
Financial
Liquidity triplescurrent ratio 8.82
Current ratio from 3.34 to 8.82; short-term debt falls from €15k to €12k.
31-12
Financial
Equity above €100kEq €113k ▲91.2%
2 profitable years in a row build equity to €113k.
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Menen · 1 establishment unit since 2022
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Langekeerstraat 498930 MenenGround area
2,275 m²
Building footprint
271 m²
Volume, LiDAR
1,227 m³
Parcel 34024A0505/00Y000, Flanders · tallest building 7.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Cottenier-Desmedt BV
since 20222.325.352.294
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34024A0505/00Y000 | Flanders | 2,275 m² | 1 · 271 m² | 7.4 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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
2022 to 2025 · 3 entries · 2,989 EUR awarded · 3,085 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 623 EUR | 623 EUR |
| 2023 | 1 | 2,009 EUR | 2,105 EUR |
| 2022 | 1 | 357 EUR | 357 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 12,686 companies in sector 86951 we hold annual accounts for 2,142. 1,877 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded09-12-2021
Fiscal year end31-12
Activities, NACEBEL 2025
86951Physiotherapy
93199Other sports activities
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:ellen.desmedt95@hotmail.com