COTTENIER - VERSTRAETE
ActiveSummary
COTTENIER - VERSTRAETE has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €17k and a net result of €3k. Equity is shrinking by ~8.7% per year across the filed fiscal years. Its solvency ranks better than 37% of 6162 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
60
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability70▼-3
Solvency32▲+2
Growth58=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity short (current ratio 0.34 against 0.16 in 2023; short-term debt: 17% and cash: 3.6% of total assets), and 92.7% of the assets are financed with debt.
Credit advice 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 · 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
7.3%
Return on assets
1.4%
Age of the figures
21 mo
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
31 d early
2022
60 d late
2021
20 d early
2020
51 d late
2019
13 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€17k▲ 23.4%
2023 · €13k
2018: €20k
2019: €46k
2020: €46k
2021: €17k
2022: €24k
2023: €13k
2018 → 2024
Total assets
€227k▼ 13.8%
2023 · €264k
2018: €365k
2019: €348k
2020: €318k
2021: €268k
2022: €304k
2023: €264k
2018 → 2024
Net result
€3k▼ 65.0%
2023 · €9k
2018: €-5k
2019: €26k
2020: €-57
2021: €11k
2022: €8k
2023: €9k
2018 → 2024
Working capital
€-25k▲ 30.4%
2023 · €-36k
2018: €-36k
2019: €48k
2020: €27k
2021: €-20k
2022: €-5k
2023: €-36k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€46k-€17k▼ 62.9%€24k▲ 44.3%€13k▼ 45.0%€17k▲ 23.4%
Operating result€13k-€22k▲ 75.2%€18k▼ 20.0%€20k▲ 15.0%€15k▼ 24.1%
Net result€-57-€11k€8k▼ 33.4%€9k▲ 19.9%€3k▼ 65.0%
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 2024; 2024 is 24% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €227k
Fixed assets
€214k ▼ 16.6%
Current assets
€13k ▲ 88.6%
Equity and liabilities €227k
Equity
€17k ▲ 23.4%
Debt
€211k ▼ 15.8%
Debt's share of the balance-sheet total falls from 94.9% to 92.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€58k▼
2023 · €62k
Cash flow
€46k▼
2023 · €51k
Current ratio
0.34▲
2023 · 0.16
Debt to equity
12.71▼
2023 · 18.62
ROE
19.0%▼
2023 · 67.0%
ROA
1.4%▼
2023 · 3.4%
Interest coverage
6.91▲
2023 · 6.03
Debt ≤ 1 year
€39k▼
2023 · €43k
Debt > 1 year
€172k▼
2023 · €206k
Income taxes
€4k▲
2023 · €1k
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 · 41 lines
Balance sheet
Code20232024
Assets
Total assets20/58€264k€227k▼
Fixed assets21/28€257k€214k▼
Tangible fixed assets22/27€257k€214k▼
Land and buildings22€255k€213k▼
Plant, machinery and equipment23€2k€761▼
Current assets29/58€7k€13k▲
Amounts receivable within one year40/41-€3k
Other amounts receivable41-€3k
Cash at bank and in hand54/58€5k€8k▲
Deferred charges and accrued income490/1€2k€2k▲
Equity and liabilities
Total equity and liabilities10/49€264k€227k▼
Equity10/15€13k€17k▲
Contributions10/11€65k€65k=
Profit (loss) carried forward14€-52k€-48k▲
Amounts payable17/49€250k€211k▼
Amounts payable after more than one year17€206k€172k▼
Financial debts170/4€206k€172k▼
Amounts payable within one year42/48€43k€39k▼
Current portion of amounts payable after more than one year42€34k€34k▲
Financial debts43-€3k
Credit institutions430/8-€3k
Trade debts44€2k€747▼
Suppliers440/4€2k€747▼
Taxes, remuneration and social security45€1k€513▼
Taxes450/3€1k€513▼
Other amounts payable47/48€7k-
Accrued charges and deferred income492/3€905€311▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€42k€43k▲
Other operating charges640/8€6k€7k▲
Gross operating margin9900€69k€65k▼
Operating profit (loss)9901€20k€15k▼
Financial income75/76B€0€7▲
Recurring financial income75€0€7▲
Financial charges65/66B€10k€8k▼
Recurring financial charges65€10k€8k▼
Profit (loss) for the period before taxes9903€10k€7k▼
Income taxes67/77€1k€4k▲
Profit (loss) for the period9904€9k€3k▼
Profit (loss) for the period to be appropriated9905€9k€3k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-52k€-48k▲
Profit (loss) brought forward from the previous period14P€-61k€-52k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
29-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 60 days late
2024
30-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 60 days late
2022
11-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €11k
Net result €11k after one loss-making year.
20-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 51 days late
2020
13-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 13 days late
2019
31-12
Financial
Back to profitnet €26k
Net result €26k after one loss-making year.
31-12
Financial
Liquidity times 13current ratio 2.54
Current ratio from 0.20 to 2.54; short-term debt falls from €45k to €31k.
04-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
27-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 58 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
2016
19-09
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 50 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, Kortrijk · 1 establishment unit since 2009
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.
Oude Ieperseweg(Heu) 808501 KortrijkGround area
3,347 m²
Building footprint
495 m²
Volume, LiDAR
2,393 m³
Parcel 34016C0753/00F000, Flanders · tallest building 9.2 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
COTTENIER - VERSTRAETE
since 20092.180.506.451
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34016C0753/00F000 | Flanders | 3,347 m² | 1 · 495 m² | 9.2 m · 1 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
2023 · 1 entry · 216 EUR awarded · 216 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 216 EUR | 216 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Similar companies · same sector, comparable size
AGENCE GPP
BE 0543.843.663
Rixensart · Eq €16,583
L'HISTOIRE D'EAU
BE 0843.139.440
Aalst · Eq €16,549
CRC
BE 0811.140.328
Tremelo · Eq €16,532
BATISSERVICES
BE 0804.538.190
Zaventem · Eq €16,504
VIPISCINE
BE 0503.946.276
Brussel · Eq €16,674
Of 6,710 companies in sector 96230 we hold annual accounts for 628. 448 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
Founded27-07-2009
Fiscal year end31-12
Activities, NACEBEL 2025
96230Day spas, saunas and steam baths
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.