COURANT & SOLUTIONS
ActiveSummary
COURANT & SOLUTIONS has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €164k and a net result of €35k. Equity is growing by ~10.2% per year across the filed fiscal years. Its solvency ranks better than 60% of 27965 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability84▼-16
Solvency81▲+3
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €12k at 30 days acceptable
Liquidity ample (current ratio 1.64 against 1.15 in 2024; short-term debt: 43.8% and cash: 33.5% of total assets), and 43.8% 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more 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
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
56.2%
Return on assets
12.1%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-08-2026, 30 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
30 d late
2024
44 d early
2023
26 d late
2022
7 d late
2021
31 d late
2020
6 d early
2019
89 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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€164k▲ 12.5%
2024 · €146k
2018: €109k
2019: €54k▼ -50.4% vs 2018
2020: €76k▲ +40.5% vs 2019
2021: €113k▲ +48.5% vs 2020
2022: €67k▼ -40.5% vs 2021
2023: €35k▼ -47.6% vs 2022lowest in 8 years
2024: €146k▲ +315% vs 2023
2025: €164k▲ +12.5% vs 2024highest in 8 years
2018 → 2025
Total assets
€292k▲ 5.4%
2024 · €277k
2018: €194k
2019: €125k▼ -35.6% vs 2018lowest in 8 years
2020: €166k▲ +33.0% vs 2019
2021: €245k▲ +47.5% vs 2020
2022: €160k▼ -35.0% vs 2021
2023: €296k▲ +85.3% vs 2022highest in 8 years
2024: €277k▼ -6.2% vs 2023
2025: €292k▲ +5.4% vs 2024
2018 → 2025
Net result
€35k▼ 68.1%
2024 · €111k
2018: €73k
2019: €-55k▼ -175% vs 2018lowest in 8 years
2020: €22k▲ +140% vs 2019
2021: €37k▲ +68.2% vs 2020
2022: €-46k▼ -224% vs 2021
2023: €86k▲ +287% vs 2022
2024: €111k▲ +29.6% vs 2023highest in 8 years
2025: €35k▼ -68.1% vs 2024
2018 → 2025
Working capital
€82k▲ 324%
2024 · €19k
2018: €66k
2019: €42k▼ -36.8% vs 2018
2020: €55k▲ +31.7% vs 2019
2021: €86k▲ +56.5% vs 2020highest in 8 years
2022: €51k▼ -40.9% vs 2021
2023: €-64k▼ -226% vs 2022lowest in 8 years
2024: €19k▲ +130% vs 2023
2025: €82k▲ +324% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€113k-€67k▼ 40.5%€35k▼ 47.6%€146k▲ 315%€164k▲ 12.5%
2021: €113k
2022: €67k▼ -40.5% vs 2021
2023: €35k▼ -47.6% vs 2022lowest in 5 years
2024: €146k▲ +315% vs 2023
2025: €164k▲ +12.5% vs 2024highest in 5 years
Operating result€56k-€-42k€120k€161k▲ 34.5%€63k▼ 61.2%
2021: €56k
2022: €-42k▼ -175% vs 2021lowest in 5 years
2023: €120k▲ +386% vs 2022
2024: €161k▲ +34.5% vs 2023highest in 5 years
2025: €63k▼ -61.2% vs 2024
Net result€37k-€-46k€86k€111k▲ 29.6%€35k▼ 68.1%
2021: €37k
2022: €-46k▼ -224% vs 2021lowest in 5 years
2023: €86k▲ +287% vs 2022
2024: €111k▲ +29.6% vs 2023highest in 5 years
2025: €35k▼ -68.1% vs 2024
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 61% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €292k
Fixed assets
€82k ▼ 35.0%
Current assets
€210k ▲ 39.5%
Equity and liabilities €292k
Equity
€164k ▲ 12.5%
Debt
€128k ▼ 2.4%
Debt's share of the balance-sheet total falls from 47.3% to 43.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€111k▼
2024 · €198k
Cash flow
€84k▼
2024 · €148k
Current ratio
1.64▲
2024 · 1.15
Quick ratio
1.51▲
2024 · 1.12
Debt to equity
0.78▼
2024 · 0.90
ROE
21.5%▼
2024 · 75.9%
ROA
12.1%▼
2024 · 40.0%
Interest coverage
34.55▼
2024 · 58.55
Debt ≤ 1 year
€128k▼
2024 · €131k
Income taxes
€24k▼
2024 · €47k
Staff costs
€340k▲
2024 · €239k
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 · 46 lines
Balance sheet
Code20242025
Assets
Total assets20/58€277k€292k▲
Fixed assets21/28€127k€82k▼
Tangible fixed assets22/27€126k€82k▼
Plant, machinery and equipment23€10k€9k▼
Furniture and vehicles24€116k€73k▼
Financial fixed assets28€569€569=
Current assets29/58€151k€210k▲
Stocks and contracts in progress3€3k€17k▲
Stocks30/36€3k€17k▲
Amounts receivable within one year40/41€137k€92k▼
Trade receivables40€121k€81k▼
Other amounts receivable41€16k€11k▼
Cash at bank and in hand54/58€8k€98k▲
Deferred charges and accrued income490/1€2k€4k▲
Equity and liabilities
Total equity and liabilities10/49€277k€292k▲
Equity10/15€146k€164k▲
Contributions10/11€20k€20k=
Reserves13-€39k
Distributable reserves133-€39k
Profit (loss) carried forward14€126k€105k▼
Amounts payable17/49€131k€128k▼
Amounts payable within one year42/48€131k€128k▼
Trade debts44€37k€35k▼
Suppliers440/4€37k€35k▼
Taxes, remuneration and social security45€95k€93k▼
Taxes450/3€75k€71k▼
Remuneration and social security454/9€20k€22k▲
Income statement
Code20242025
Remuneration, social security and pensions62€239k€340k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€37k€48k▲
Other operating charges640/8€4k€3k▼
Gross operating margin9900€442k€453k▲
Operating profit (loss)9901€161k€63k▼
Financial income75/76B€1€5▲
Recurring financial income75€1€5▲
Financial charges65/66B€3k€3k▼
Recurring financial charges65€3k€3k▼
Profit (loss) for the period before taxes9903€158k€59k▼
Income taxes67/77€47k€24k▼
Profit (loss) for the period9904€111k€35k▼
Profit (loss) for the period to be appropriated9905€111k€35k▼
Appropriation of the result
Profit (loss) to be appropriated9906€126k€161k▲
Profit (loss) brought forward from the previous period14P€15k€126k▲
Transfer to equity691/2-€39k
To other reserves6921-€39k
Profit to be distributed694/7-€17k
Return on contributions (dividend)694-€17k
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €211k | €303k | €256k | €239k | €340k | ▲ 42.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13k | €4k | €20k | €37k | €48k | ▲ 31.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €41k | - | - | - |
| Other operating charges640/8 | €3k | €2k | €5k | €4k | €3k | ▼ 40.9% |
| Gross operating margin9900 | €283k | €267k | €442k | €442k | €453k | ▲ 2.6% |
| Operating profit (loss)9901 | €56k | €-42k | €120k | €161k | €63k | ▼ 61.2% |
| Financial income75/76B | €15 | €3 | - | €1 | €5 | ▲ 428% |
| Recurring financial income75 | €15 | €3 | - | €1 | €5 | ▲ 428% |
| Financial charges65/66B | €3k | €4k | €5k | €3k | €3k | ▼ 5.2% |
| Recurring financial charges65 | €3k | €4k | €5k | €3k | €3k | ▼ 5.2% |
| Profit (loss) for the period before taxes9903 | €53k | €-45k | €115k | €158k | €59k | ▼ 62.4% |
| Income taxes67/77 | €16k | €341 | €30k | €47k | €24k | ▼ 48.9% |
| Profit (loss) for the period9904 | €37k | €-46k | €86k | €111k | €35k | ▼ 68.1% |
| Profit (loss) for the period to be appropriated9905 | €37k | €-46k | €86k | €111k | €35k | ▼ 68.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €245k | €160k | €296k | €277k | €292k | ▲ 5.4% |
| Fixed assets21/28 | €49k | €20k | €99k | €127k | €82k | ▼ 35.0% |
| Tangible fixed assets22/27 | €48k | €20k | €99k | €126k | €82k | ▼ 35.2% |
| Plant, machinery and equipment23 | €11k | €12k | €12k | €10k | €9k | ▼ 14.1% |
| Furniture and vehicles24 | €37k | €7k | €87k | €116k | €73k | ▼ 37.1% |
| Financial fixed assets28 | €569 | €569 | €569 | €569 | €569 | = |
| Current assets29/58 | €197k | €139k | €196k | €151k | €210k | ▲ 39.5% |
| Stocks and contracts in progress3 | €15k | €18k | €15k | €3k | €17k | ▲ 460% |
| Stocks30/36 | €15k | €18k | €15k | €3k | €17k | ▲ 460% |
| Amounts receivable within one year40/41 | €171k | €109k | €177k | €137k | €92k | ▼ 33.2% |
| Trade receivables40 | €164k | €102k | €161k | €121k | €81k | ▼ 33.4% |
| Other amounts receivable41 | €8k | €6k | €16k | €16k | €11k | ▼ 32.3% |
| Cash at bank and in hand54/58 | €5k | €11k | - | €8k | €98k | ▲ 1,071% |
| Deferred charges and accrued income490/1 | €5k | €2k | €5k | €2k | €4k | ▲ 88.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €245k | €160k | €296k | €277k | €292k | ▲ 5.4% |
| Equity10/15 | €113k | €67k | €35k | €146k | €164k | ▲ 12.5% |
| Contributions10/11 | €20k | €20k | €20k | €20k | €20k | = |
| Reserves13 | - | - | - | - | €39k | - |
| Distributable reserves133 | - | - | - | - | €39k | - |
| Profit (loss) carried forward14 | €93k | €47k | €15k | €126k | €105k | ▼ 16.7% |
| Amounts payable17/49 | €132k | €92k | €260k | €131k | €128k | ▼ 2.4% |
| Amounts payable after more than one year17 | €22k | €4k | - | - | - | - |
| Financial debts170/4 | €22k | €4k | - | - | - | - |
| Amounts payable within one year42/48 | €111k | €88k | €260k | €131k | €128k | ▼ 2.4% |
| Current portion of amounts payable after more than one year42 | €7k | €2k | - | - | - | - |
| Financial debts43 | - | - | €5k | - | - | - |
| Credit institutions430/8 | - | - | €5k | - | - | - |
| Trade debts44 | €63k | €53k | €83k | €37k | €35k | ▼ 4.4% |
| Suppliers440/4 | €63k | €53k | €83k | €37k | €35k | ▼ 4.4% |
| Taxes, remuneration and social security45 | €40k | €34k | €72k | €95k | €93k | ▼ 1.6% |
| Taxes450/3 | €25k | €16k | €47k | €75k | €71k | ▼ 4.8% |
| Remuneration and social security454/9 | €15k | €18k | €25k | €20k | €22k | ▲ 10.2% |
| Other amounts payable47/48 | - | - | €100k | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €37k | €-46k | €86k | €111k | €35k | ▼ 68.1% |
| + Depreciation and write-downs630 | €13k | €4k | €20k | €37k | €48k | ▲ 31.4% |
| Operating cash flow (approximation) | €50k | €-42k | €105k | €148k | €84k | ▼ 43.4% |
| Investment in fixed assets (approximation) | - | €24k | €-99k | €-64k | €-4k | ▲ 94.0% |
| Change in cash | - | €6k | - | - | €90k | - |
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
30-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 30 days late
2025
31-12
Financial
Equity above €150kEq €164k ▲12.5%
3 profitable years in a row build equity to €164k.
17-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €111k ▲29.6%
Operating result €161k, net result €111k, both a record.
31-12
Financial
Equity above €100kEq €146k ▲315%
2 profitable years in a row build equity to €146k.
26-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 26 days late
2023
31-12
Financial
Back to profitnet €86k
Net result €86k after one loss-making year.
07-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 7 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Equity above €100kEq €113k ▲48.5%
2 profitable years in a row build equity to €113k.
25-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €22k
Net result €22k after one loss-making year.
Show earlier events
28-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 89 days late
2019
31-12
Financial
Weakest financial yearnet €-55k
Net result drops to €-55k, the lowest in the series; recovery starts the following year.
04-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 35 days late
2018
10-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 10 days late
2017
11-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 11 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
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, Vorst · 1 establishment unit since 2002
Ground area
396 m²
Building footprint
392 m²
Volume, LiDAR
3,169 m³
Parcel 21384D0126/00A012, Brussels · tallest building 12.1 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
COURANT & SOLUTIONS
since 20022.095.734.389
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21384D0126/00A012 | Brussels | 396 m² | 1 · 392 m² | 12.1 m · 3 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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Recognitions · licences · registrations
Recognised contractor
1 categoryCOURANT & SOLUTIONS SRL35168
Dual-learning approval
2 live approvalsElektrische installaties duaal (so)
Elektrotechnisch installateur (vwo)
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Of 22,815 companies in sector 43211 we hold annual accounts for 10,325. 8,529 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 (pre-2019)
Founded06-03-2002
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
Contact
E-mail
courantetsolutions@gmail.com
Phone
02/377.26.22
Phone
0476/294291Vorst
Scores and ratios are computed by Checked and are not a credit decision.