DE COENE
ActiveDE COENE has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €838k and a net result of €55k. Equity is growing by ~9.1% per year across the filed fiscal years. Its solvency ranks better than 92% of 27450 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
73
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability52▲+1
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €60k at 30 days acceptable
Liquidity ample (current ratio 23.9 against 26.43 in 2024; short-term debt: 4.2% and cash: 7.6% of total assets), and 12% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
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
88%
Return on assets
5.8%
Age of the figures
9 mo
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
neutral · Filed after the deadline
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. 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
31 d late
2024
29 d late
2023
92 d late
2022
31 d late
2021
75 d late
2020
90 d late
2019
98 d late
← before the deadline
after the deadline →
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
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€838k▲ 7.1%
2024 · €783k
2018: €421k
2019: €455k
2020: €558k
2021: €621k
2022: €699k
2023: €733k
2024: €783k
2018 → 2025
Total assets
€952k▲ 6.8%
2024 · €891k
2018: €609k
2019: €680k
2020: €747k
2021: €829k
2022: €894k
2023: €839k
2024: €891k
2018 → 2025
Net result
€55k▲ 11.1%
2024 · €50k
2018: €60k
2019: €34k
2020: €103k
2021: €63k
2022: €78k
2023: €34k
2024: €50k
2018 → 2025
Working capital
€912k▲ 6.6%
2024 · €856k
2018: €532k
2019: €617k
2020: €691k
2021: €753k
2022: €823k
2023: €805k
2024: €856k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€621k-€699k▲ 12.6%€733k▲ 4.8%€783k▲ 6.8%€838k▲ 7.1%
Operating result€86k-€107k▲ 25.1%€50k▼ 53.4%€69k▲ 38.3%€76k▲ 10.3%
Net result€63k-€78k▲ 24.5%€34k▼ 57.0%€50k▲ 48.7%€55k▲ 11.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 10% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €952k
Equity
€838k▲ 7.1%
Provisions
€74k=
Debt
€40k▲ 15.0%
The debt ratio rises from 3.9% to 4.2%. Equity and debt are higher.
Key figures and ratios
Solvency
88.0%▲
2024 · 87.8%
Current ratio
23.90▼
2024 · 26.43
Quick ratio
23.90▼
2024 · 26.43
Debt / equity
0.05▲
2024 · 0.04
ROE
6.6%▲
2024 · 6.4%
ROA
5.8%▲
2024 · 5.6%
Debt
€40k▲
2024 · €35k
Debt ≤ 1 year
€40k▲
2024 · €34k
Income taxes
€20k▲
2024 · €19k
Staff costs
€26k▲
2024 · €25k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€891k€952k▲
Fixed assets21/28€2k-
Financial fixed assets28€2k-
Current assets29/58€890k€952k▲
Amounts receivable within one year40/41€828k€879k▲
Trade receivables40€13k€9k▼
Other amounts receivable41€815k€871k▲
Cash at bank and in hand54/58€61k€72k▲
Deferred charges and accrued income490/1€490€478▼
Equity and liabilities
Total equity and liabilities10/49€891k€952k▲
Equity10/15€783k€838k▲
Contributions10/11€26k€26k=
Reserves13€3k€3k=
Non-distributable reserves130/1€3k€3k=
Reserves not available under the articles1311€3k€3k=
Profit (loss) carried forward14€754k€809k▲
Provisions and deferred taxes16€74k€74k=
Provisions for liabilities and charges160/5€74k€74k=
Other liabilities and charges164/5€74k€74k=
Amounts payable17/49€35k€40k▲
Amounts payable within one year42/48€34k€40k▲
Financial debts43€5k-
Credit institutions430/8€5k-
Trade debts44€5k€7k▲
Suppliers440/4€5k€7k▲
Taxes, remuneration and social security45€24k€33k▲
Taxes450/3€24k€32k▲
Remuneration and social security454/9-€1k
Accrued charges and deferred income492/3€979-
Income statement
Code20242025
Remuneration, social security and pensions62€25k€26k▲
Other operating charges640/8€2k€2k▼
Gross operating margin9900€96k€104k▲
Operating profit (loss)9901€69k€76k▲
Financial charges65/66B€438€698▲
Recurring financial charges65€438€698▲
Profit (loss) for the period before taxes9903€69k€76k▲
Income taxes67/77€19k€20k▲
Profit (loss) for the period9904€50k€55k▲
Profit (loss) for the period to be appropriated9905€50k€55k▲
Appropriation of the result
Profit (loss) to be appropriated9906€754k€809k▲
Profit (loss) brought forward from the previous period14P€704k€754k▲
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
28-08
State Gazette act
Registered officeGeneral meeting · Registered-office move2 facts ▸
State Gazette act
Registered office
General meeting · Registered-office move2 facts ▸
- General meeting, 2026-08-20
- Registered-office move, Luchthavenlaan 27, 1800 Vilvoorde
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 92 days late
2023
31-12
Financial
Weakest financial yearnet €34k ▼57%
Net result drops to €34k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity doublescurrent ratio 25.96
Current ratio from 12.86 to 25.96; short-term debt falls from €69k to €32k.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
14-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 75 days late
2021
29-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 90 days late
2020
31-12
Financial
Highest result since 2018net €103k ▲207%
Net result €103k, the highest in the series.
31-12
Financial
Equity above €500kEq €558k ▲22.7%
3 profitable years in a row build equity to €558k.
06-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 98 days late
2019
23-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 54 days late
2018
21-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 52 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Vilvoorde · 1 establishment unit since 2005
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.
Luchthavenlaan 271800 VilvoordeGround area
1,543 m²
Building footprint
1,509 m²
Volume, LiDAR
15,462 m³
2 parcels, Flanders · tallest building 13.1 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
DE COENE
since 20052.145.867.157
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23644H0058/00L000 | Flanders | 1,375 m² | 1 · 1,372 m² | 13.1 m · 4 fl. |
| 23018C0124/00G002 | Flanders | 168 m² | 1 · 137 m² | 9.9 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 7,036 companies in sector 43221 we hold annual accounts for 3,468. 1,829 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded11-03-2005
Fiscal year end31-12
Activities, NACEBEL
43221Plumbing work
45332
Sources
Crossroads Bank for EnterprisesNational Bank · 21 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.