Equity
€58,799 from €128,624 in 2021
Equity fell by 54% in 4 years.
Coupon Solutions
Lifetime
6 annual accounts with figures on one time axispeak €11,127 (2020)
-€2,671▼ €1,631
lowest -€20,444 (2023)
-€10,880▲ €8,047
peak €128,624 (2021)
€58,799▼ 15.6%
€7,597▲ 5.2%
Board5 names since 2018
4 directorsDe Troyer Pieter and 3 others
Documentsfilings and deeds
31-08-202631 days late
2025micro format
Gross margin from -€1,040 to -€2,671Loss of €10,880Equity from €69,679 to €58,799
Key points
from the 2025 annual accountsLosses
-€76,349 in five years
Every financial year from 2021 to 2025 closed with a loss. 2023 was the heaviest.
Position in the sector
-€10,880
Lower net result than 90% of companies in computer programming and consultancy. Sector median €28,568 · 21,212 companies.
2025 accounts filed 31 days after the deadlineTurnover not published (micro format)
Checked score
88
Excellent
Financially stronger than 52% of micro companies in computer programming and consultancy (NACE 62)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 25,932 companies (NACE 62, micro).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025
08-2025: 0.1%● unchanged vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025lowest value
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: 0.1%● unchanged vs 07-2026
09-2026: 0.2%▲ +0.1 percentage points vs 08-2026highest value
10-2026: 0.2%● unchanged vs 09-2026
11-2026: 0.2%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
1 change of registered office in 24 months
Last filed accounts filed 31 days late; 2 of the last 3 accounts late
lowers risk
Liquidity: current ratio 7.39, cash €46,773
Sector: Computer programming, consultancy and related activities (NACE 62)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 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% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 62, micro). It does better than 85% of them on solvency, 91% on liquidity, 5% on profitability and 27% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 3,591 companies had the same profile as Coupon Solutions has now. Each dot stands for 9 companies, two years later.
87.3%
were still trading
9.4%
stopped another way
3.0%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of Coupon Solutions itself is lower: 0.2% within 12 months. It rests on far more data about Coupon Solutions than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 3,591 companies, not a prediction for Coupon Solutions. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €5,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 7.39 (8.17 in 2024), above the usual 1.5. Short-term debt is 11.4% and cash 70.4% of total assets. 11.4% of the assets are financed with debt and provisions.
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Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
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
202122232425
2020 to 2025 · latest year -€10,880
raises risk · 2025 accounts filed 31 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 6 filingsDeviation from the deadline
2025
31 days late
2024
26 days late
2023
31 days late
2022
61 days late
2021
177 days late
2020
30 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 6 accounts on average 59 days after the deadline. In the sector (NACE 62), the median for financial year 2024 was 9 days before the deadline, and 33% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 1 September (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- DE TROYER Pieter 361 sharesdeed of 09-06-2021
- SERGEANT Maxim Carlos Leon 57 sharesdeed of 09-06-2021
- VAN MELCKEBEKE Robrecht 86 sharesdeed of 09-06-2021
Recent changes
Registered office moved from Herzele to Zottegem
New registered office: Provinciebaan 351, 9620 Zottegem · Previous registered office: Speteveld 65, 9550 Herzele · General meeting of 15-05-2026 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0699848664
3 directors appointed
DE PAEPE Lieven, Van Der Gucht Bas and VAN MELCKEBEKE Robrecht · General meeting of 11-02-2023 · Gazette deed
Capital increase of €95,000 to €135,000
Capital from €40,000 to €135,000, 338 new shares · DE TROYER Pieter holds 361 shares · SERGEANT Maxim Carlos Leon holds 57 shares · General meeting of 02-06-2021 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Coupon Solutions Zottegem | €66,396 | -€2,671 | 88.6% | - |
| SFINX PRODUCTIONS Wortegem-Petegem | €63,567 | -€5,684 | -206.2% | - |
| HVH Services Dendermonde | €53,253 | €352 | 38.8% | - |
| OKESO Woluwe-Saint-Pierre | €71,989 | -€45,229 | 21.5% | - |
| Nubo Ixelles | €63,224 | -€2,141 | 85.0% | - |
| GENETO Beersel | €70,882 | -€3,615 | 67.5% | - |
| PRISM3 Chaudfontaine | €66,942 | -€13,757 | -601.2% | 6.7 |
These companies have the same main activity as Coupon Solutions: computer programming (NACE 62100). They are comparable in size and age: total assets between €53,300 and €72,000, founded between 2017 and 2019.
Official details
Source: KBO- Status
- Active since 11-07-2018Normal situation
- Activity
- Computer programmingNACE 62100
- Establishment unit
- 2.277.751.9219550 Herzele, since 11-07-2018
- Financial year end
- 31 December
- Peppol
- Reachable since 14-12-2025
Insights on Coupon Solutions
Coupon Solutions files the micro format. That format states no turnover. The gross margin fell from €11,127 in 2020 to -€2,671 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Coupon Solutions
- What is the company number of Coupon Solutions?
- The company number of Coupon Solutions is 0699.848.664. The VAT number is the same number with BE in front: BE 0699.848.664.
- Where is Coupon Solutions based?
- The registered office is at Provinciebaan 351, 9620 Zottegem.Company details
- What does Coupon Solutions do?
- According to the KBO register, the main activity is computer programming (NACE 62100).
- What is the legal form of Coupon Solutions?
- Coupon Solutions is a private limited company (BV).
- When was Coupon Solutions founded?
- Coupon Solutions was founded on 11-07-2018.
- Is Coupon Solutions still active?
- Yes, Coupon Solutions is an active enterprise in the KBO register.
- What is the turnover of Coupon Solutions?
- The annual accounts for financial year 2025 state no turnover. The micro format does not require it.Financials
- Is Coupon Solutions profitable?
- In financial year 2025, Coupon Solutions made a loss of €10,880.
- Where can I find the annual accounts of Coupon Solutions?
- Coupon Solutions filed 6 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Coupon Solutions due?
- Coupon Solutions must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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