Financials
- Fiscal year
- 2025
- Total assets
- €4.9m
- Profit
- €1.2m
- Solvency
- 86.9%
Total assets▲ 11.3%
Net result
20182025
Coudenys
ActiveSummary
Coudenys has been active since 1971 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €4.3m and a net result of €1.2m. Equity is growing by ~23.4% per year across the filed fiscal years. Its solvency ranks better than 88% of 105 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).
Overview
Activity
Water transport
NACE 50300Telecommunications resale and intermediation services NACE 61200
#3 oldest company in West Flanders, Water transport sector1 site
Size
€4.9mtotal assets 2025
- Staff
- 6.2 FTE
- Equity
- €4.3m
- Profit
- €1.2m
Turnover not published (abridged schema)
Structure
- Board
- 3 members
Accounts 92 d early1 of 5 deeds read
Why 98+ Liquidity: current ratio 7.95, cash €2.3m+ Founded in 1971+ Equity €4.3m (86.9% of total assets)+ Size: 6.2 FTE, total assets €4.9mShow the evidence
Checked score
Score 2025
98
/ 100
Excellent
Probability in this band: under 0.55%
Better than 86% of its sector peers (NACE 50, micro)
Performance against the sector, not lower risk
Financial strength · tick = 2024
Strong
Solvency
100=
equity 86.9% of total assets
Liquidity
99+1
short-term debt 11.3% · cash 47.7%
Profitability
100=
return on assets 25.1%
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: < 0.1%highest value
12-2024: < 0.1%● 0.0% vs 11-2024highest value
01-2025: < 0.1%● 0.0% vs 12-2024highest value
02-2025: < 0.1%● 0.0% vs 01-2025highest value
03-2025: < 0.1%● 0.0% vs 02-2025highest value
04-2025: < 0.1%● 0.0% vs 03-2025highest value
05-2025: < 0.1%▼ -5.0% vs 04-2025
06-2025: < 0.1%● 0.0% vs 05-2025
07-2025: < 0.1%● 0.0% vs 06-2025
08-2025: < 0.1%● 0.0% vs 07-2025
09-2025: < 0.1%● 0.0% vs 08-2025
10-2025: < 0.1%● 0.0% vs 09-2025
11-2025: < 0.1%● 0.0% vs 10-2025
12-2025: < 0.1%● 0.0% vs 11-2025
01-2026: < 0.1%▼ -5.3% vs 12-2025lowest value
02-2026: < 0.1%● 0.0% vs 01-2026lowest value
03-2026: < 0.1%● 0.0% vs 02-2026lowest value
04-2026: < 0.1%▲ +5.6% vs 03-2026
05-2026: < 0.1%▲ +5.3% vs 04-2026highest value
06-2026: < 0.1%● 0.0% vs 05-2026highest value
07-2026: < 0.1%● 0.0% vs 06-2026highest value
08-2026: < 0.1%● 0.0% vs 07-2026highest value
09-2026: < 0.1%● 0.0% vs 08-2026highest value
10-2026: < 0.1%● 0.0% vs 09-2026highest value
- Liquidity: current ratio 7.95, cash €2.3m lowers the probability
- Founded in 1971 lowers the probability for this profile
- Equity €4.3m (86.9% of total assets) lowers the probability
- Size: 6.2 FTE, total assets €4.9m lowers the probability for this profile
Credit up to €410,000 at 30 days acceptable
Liquidity ample (current ratio 7.95 against 6.6 in 2024; short-term debt: 11.3% and cash: 47.7% of total assets), and 13.1% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 50, micro). Better than this share of them on solvency 88%, liquidity 93%, profitability 94%, growth against the median 71%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 06-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
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 30-04-2026, 92 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
92 d early
2024
97 d early
2023
84 d early
2022
82 d early
2021
93 d early
2020
43 d early
2019
121 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 87 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 41% 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 30 April (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
07-10-2026 today31-12-2026 close31-07-2027 deadline
- Permanent representative: Coudenys LucAppointments: Coudenys Kevin, DYNASTY COUDENYS…
- Annual accounts filedfiscal year 2025 · abbreviated…
- Highest result since 2018net €1.2m ▲11%
Key points
- Positive: Among the best 5% on net resultsector median €46,232 · 105 companies €1.2m View
- New directorslatest change 28-05-2026 · 3 in office 3 joined View
- Positive: Always filed on timeaccounts within the deadline every year 8 years View
- Positive: 5 profitable years in a rowprofit 2025: €1.2m 5 years View
- Active since 1971founded 01-04-1971 55 years View
By topic
Board & ownership
- Board
- 3 members
Go to Board & ownership
Timeline
- Events
- 16
- Since
- 2017
- Next accounts
- by 31-07-2027
- 28-05-2026Permanent representative: Coudenys Luc
- 30-04-2026Annual accounts filed
- 31-12-2025Highest result since 2018
Company details
- Sites
- 1
- Legal form
- Public limited company
- Activity
- Water transportNACE 50300
- Founded
- 01-04-1971
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
Articles of association
- Provisions read
- 31
- Who signs
- A managing director alone, or each director alone
- Annual meeting
- Last Saturday of March at 11:00
- Purpose
- De uitbating van motorboten en pleziervaartuigen; Het uitbaten onder gelijk welke vorm van…
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