Financials
- Fiscal year
- 2024
- Total assets
- €63,450
- Profit
- €25,202
- Solvency
- -80.4%
Total assets▲ 29.8%
Net result
20182024
CoWelCo
ActiveSummary
The computed 12-month bankruptcy probability of CoWelCo is 4.8% (elevated). The 2024 annual accounts show negative equity (-€50,983) and a net result of €25,202. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 10% of 15874 sector peers (fiscal year 2024). The company has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals.
Overview
Activity
Agents in the wholesale of industrial machinery, ships and aircraft
NACE 46140
1 site
Size
€63,450total assets 2024
- Equity
- -€50,983
- Profit
- €25,202
Turnover not published (abridged schema)
Structure
Accounts 66 d overdue0 of 4 deeds read
Why 39- 1 change of registered office in 24 months- Figures for FY 2024 (filed 03-09-2025)- 1 financial year not filed after the legal deadline; latest accounts 34 days late; 2 of the last 3 late+ Founded in 2008Show the evidence
Checked score
Score 2024
39
/ 100
Weak
Probability in this band: 4.2% to 15.0%
Better than 57% of its sector peers (NACE 46, micro)
Performance against the sector, not lower risk
Financial strength · tick = 2023
Average
Solvency
0=
equity -80.4% of total assets
Liquidity
44-6
short-term debt 23.4% · cash 2.2%
Profitability
100=
return on assets 39.7%
Bankruptcy probability, 12 months
4.8%
Elevated
0%0.5%1.5%4%10%≥ 25%
About 5 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 8.1%
12-2024: 8.1%● 0.0% vs 11-2024
01-2025: 12.2%▲ +49.8% vs 12-2024highest value
02-2025: 12.2%● 0.0% vs 01-2025highest value
03-2025: 12.2%● 0.0% vs 02-2025highest value
04-2025: 12.2%● 0.0% vs 03-2025highest value
05-2025: 5.0%▼ -59.3% vs 04-2025
06-2025: 4.7%▼ -4.7% vs 05-2025
07-2025: 4.9%▲ +2.5% vs 06-2025
08-2025: 5.7%▲ +17.3% vs 07-2025
09-2025: 6.3%▲ +11.3% vs 08-2025
10-2025: 2.0%▼ -67.9% vs 09-2025
11-2025: 2.0%● 0.0% vs 10-2025
12-2025: 2.0%● 0.0% vs 11-2025
01-2026: 2.0%● 0.0% vs 12-2025
02-2026: 2.0%● 0.0% vs 01-2026
03-2026: 2.0%▼ -3.3% vs 02-2026lowest value
04-2026: 2.1%▲ +6.9% vs 03-2026
05-2026: 2.5%▲ +18.3% vs 04-2026
06-2026: 2.4%▼ -3.0% vs 05-2026
07-2026: 2.5%▲ +4.2% vs 06-2026
08-2026: 3.1%▲ +25.1% vs 07-2026
09-2026: 3.6%▲ +15.3% vs 08-2026
10-2026: 4.8%▲ +31.5% vs 09-2026
- 1 change of registered office in 24 months raises the probability
- Figures for FY 2024 (filed 03-09-2025) raises the probability
- Founded in 2008 lowers the probability for this profile
- 1 financial year not filed after the legal deadline; latest accounts 34 days late; 2 of the last 3 late raises the probability
No credit on open account
Liquidity ample (current ratio 3.99 against 3.09 in 2023; short-term debt: 23.4% and cash: 2.2% of total assets), but equity is negative.
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 46, micro). Better than this share of them on solvency 6%, liquidity 43%, profitability 95%, growth against the median 83%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 04-10-2026. 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
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 15874 sector peers (2024).
NBB · sector comparisonPosition among 15874 sector peers
Solvency
better than 10%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 03-09-2025, 34 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
34 d late
2023
266 d late
2021
47 d early
2020
235 d late
2019
600 d late
2018
99 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 198 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (1)
- Annual accounts filedfiscal year 2024 · micro…
- Annual accounts filedfiscal year 2023 · micro…
- Highest result since 2018net €40,751 ▲97.1%
Key points
By topic
Timeline
- Events
- 14
- Since
- 2016
- 03-09-2025Annual accounts filed
- 23-04-2025Annual accounts filed
- 31-12-2023Highest result since 2018
Company details
- Sites
- 1
- Legal form
- Public limited company
- Activity
- Agents in the wholesale of industrial machinery, ships…NACE 46140
- Founded
- 19-05-2008
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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