LE COUDMAIN
ActiveSummary
LE COUDMAIN has been active since 1985 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €288k and a net result of €3k. Equity is growing by ~4.3% per year across the filed fiscal years. Its solvency ranks better than 16% of 837 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability66▼-7
Solvency35▼-17
Growth68▼-10
Track record100
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €19k at 30 days acceptable
Liquidity tight (current ratio 1.05 against 1.69 in 2024; short-term debt: 28.7% and cash: 10.9% of total assets), and 90.4% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← 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
9.6%
Return on assets
0.1%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 837 sector peers (2025).
NBB · sector comparisonPosition among 837 sector peers
Solvency
better than 16%
← weakest
strongest →
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 24-07-2026, 7 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
7 d early
2024
22 d early
2023
8 d late
2022
59 d early
2021
71 d early
2020
37 d late
2019
88 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, full schema
Turnover
€778k▲ 38.4%
2018 · €563k
2018: €563k
2025: €778k
2018 → 2025
EBIT margin
1.3%▲ 11.7pp
2018 · -10.4%
2018: -10.4%
2025: 1.3%
2018 → 2025
Net result
€3k▼ 91.6%
2024 · €34k
2018: €-85klowest in 8 years
2019: €4k▲ +104% vs 2018
2020: €4k▲ +1.6% vs 2019
2021: €6k▲ +69.6% vs 2020
2022: €-72k▼ -1253% vs 2021
2023: €91k▲ +227% vs 2022highest in 8 years
2024: €34k▼ -62.6% vs 2023
2025: €3k▼ -91.6% vs 2024
2018 → 2025
Working capital
€42k▼ 88.4%
2024 · €366k
2018: €187k
2019: €230k▲ +23.0% vs 2018
2020: €412k▲ +78.8% vs 2019
2021: €425k▲ +3.1% vs 2020highest in 8 years
2022: €194k▼ -54.3% vs 2021
2023: €393k▲ +102% vs 2022
2024: €366k▼ -6.9% vs 2023
2025: €42k▼ -88.4% vs 2024lowest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€778k
Equity€255k-€175k▼ 31.3%€259k▲ 47.8%€285k▲ 10.1%€288k▲ 1.0%
2021: €255k
2022: €175k▼ -31.3% vs 2021lowest in 5 years
2023: €259k▲ +47.8% vs 2022
2024: €285k▲ +10.1% vs 2023
2025: €288k▲ +1.0% vs 2024highest in 5 years
Operating result€12k-€-66k€99k€40k▼ 59.2%€10k▼ 75.5%
2021: €12k
2022: €-66k▼ -669% vs 2021lowest in 5 years
2023: €99k▲ +250% vs 2022highest in 5 years
2024: €40k▼ -59.2% vs 2023
2025: €10k▼ -75.5% vs 2024
Net result€6k-€-72k€91k€34k▼ 62.6%€3k▼ 91.6%
2021: €6k
2022: €-72k▼ -1253% vs 2021lowest in 5 years
2023: €91k▲ +227% vs 2022highest in 5 years
2024: €34k▼ -62.6% vs 2023
2025: €3k▼ -91.6% vs 2024
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 76% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.01M
Fixed assets
€2.10M ▲ 1,109%
Current assets
€905k ▲ 1.0%
Equity and liabilities €3.01M
Equity
€288k ▲ 1.0%
Provisions
€155k =
Debt
€2.56M ▲ 307%
Debt's share of the balance-sheet total rises from 58.9% to 85.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€79k▼
2024 · €163k
Cash flow
€72k▼
2024 · €157k
Current ratio
1.05▼
2024 · 1.69
Quick ratio
1.04▼
2024 · 1.67
Debt to equity
8.90▲
2024 · 2.21
ROE
1.0%▼
2024 · 12.0%
ROA
0.1%▼
2024 · 3.2%
Interest coverage
11.30▼
2024 · 26.78
Debt ≤ 1 year
€862k▲
2024 · €530k
Debt > 1 year
€1.67M▲
2024 · €49k
Staff costs
€2.03M▲
2024 · €1.74M
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 · 59 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.07M€3.01M▲
Fixed assets21/28€174k€2.10M▲
Intangible fixed assets21€6k€4k▼
Tangible fixed assets22/27€167k€2.10M▲
Land and buildings22-€1.96M
Plant, machinery and equipment23€28k€31k▲
Furniture and vehicles24€138k€111k▼
Other tangible fixed assets26€0-
Financial fixed assets28€472€472=
Current assets29/58€896k€905k▲
Stocks and contracts in progress3€12k€11k▼
Stocks30/36€12k€11k▼
Amounts receivable within one year40/41€443k€547k▲
Trade receivables40€90k€104k▲
Other amounts receivable41€353k€444k▲
Cash at bank and in hand54/58€419k€327k▼
Deferred charges and accrued income490/1€22k€19k▼
Equity and liabilities
Total equity and liabilities10/49€1.07M€3.01M▲
Equity10/15€285k€288k▲
Contributions10/11€1k€1k=
Capital10€1k€1k=
Profit (loss) carried forward14€284k€287k▲
Investment grants15€0-
Provisions and deferred taxes16€155k€155k=
Provisions for liabilities and charges160/5€155k€155k=
Other liabilities and charges164/5€155k€155k=
Amounts payable17/49€630k€2.56M▲
Amounts payable after more than one year17€49k€1.67M▲
Financial debts170/4€49k€1.67M▲
Amounts payable within one year42/48€530k€862k▲
Current portion of amounts payable after more than one year42€33k€63k▲
Financial debts43-€106k
Credit institutions430/8-€106k
Trade debts44€133k€251k▲
Suppliers440/4€133k€251k▲
Advances received on contracts in progress46€47k€105k▲
Taxes, remuneration and social security45€184k€208k▲
Taxes450/3€1k€858▼
Remuneration and social security454/9€183k€207k▲
Accrued charges and deferred income492/3€50k€35k▼
Income statement
Code20242025
Turnover70-€778k
Goods, raw materials, services and sundry goods60/61-€890k
Remuneration, social security and pensions62€1.74M€2.03M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€123k€69k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€21k€25k▲
Other operating charges640/8€8k€7k▼
Non-recurring operating charges66A-€41k
Gross operating margin9900€1.94M€2.18M▲
Operating profit (loss)9901€40k€10k▼
Financial income75/76B€20€29▲
Recurring financial income75€20€29▲
Financial charges65/66B€6k€7k▲
Recurring financial charges65€6k€7k▲
Profit (loss) for the period before taxes9903€34k€3k▼
Profit (loss) for the period9904€34k€3k▼
Profit (loss) for the period to be appropriated9905€34k€3k▼
Appropriation of the result
Profit (loss) to be appropriated9906€284k€287k▲
Profit (loss) brought forward from the previous period14P€250k€284k▲
Social balance
Average headcount (FTE)908752.029.2▼
The notes to these accounts (19 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 |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | - | €778k | - |
| Non-recurring operating income76A | €789 | €9k | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | - | €890k | - |
| Remuneration, social security and pensions62 | €1.52M | €1.71M | €1.67M | €1.74M | €2.03M | ▲ 16.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €39k | €59k | €76k | €123k | €69k | ▼ 43.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €-20k | €17k | €7k | €21k | €25k | ▲ 16.5% |
| Other operating charges640/8 | €37k | €6k | €11k | €8k | €7k | ▼ 16.4% |
| Non-recurring operating charges66A | - | €63 | €8 | - | €41k | - |
| Gross operating margin9900 | €1.58M | €1.70M | €1.89M | €1.94M | €2.18M | ▲ 12.5% |
| Operating profit (loss)9901 | €12k | €-66k | €99k | €40k | €10k | ▼ 75.5% |
| Financial income75/76B | €275 | €19 | €77 | €20 | €29 | ▲ 50.1% |
| Recurring financial income75 | €275 | €19 | €77 | €20 | €29 | ▲ 50.1% |
| Financial charges65/66B | €6k | €6k | €7k | €6k | €7k | ▲ 14.9% |
| Recurring financial charges65 | €6k | €6k | €7k | €6k | €7k | ▲ 14.9% |
| Profit (loss) for the period before taxes9903 | €6k | €-72k | €91k | €34k | €3k | ▼ 91.6% |
| Profit (loss) for the period9904 | €6k | €-72k | €91k | €34k | €3k | ▼ 91.6% |
| Profit (loss) for the period to be appropriated9905 | €6k | €-72k | €91k | €34k | €3k | ▼ 91.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.08M | €954k | €1.03M | €1.07M | €3.01M | ▲ 181% |
| Fixed assets21/28 | €152k | €218k | €197k | €174k | €2.10M | ▲ 1,109% |
| Intangible fixed assets21 | - | €12k | €9k | €6k | €4k | ▼ 41.6% |
| Tangible fixed assets22/27 | €151k | €206k | €188k | €167k | €2.10M | ▲ 1,157% |
| Land and buildings22 | - | - | - | - | €1.96M | - |
| Plant, machinery and equipment23 | €38k | €34k | €25k | €28k | €31k | ▲ 7.5% |
| Furniture and vehicles24 | €114k | €133k | €105k | €138k | €111k | ▼ 20.0% |
| Other tangible fixed assets26 | - | €39k | €57k | €0 | - | - |
| Financial fixed assets28 | €472 | €472 | €472 | €472 | €472 | = |
| Current assets29/58 | €928k | €737k | €837k | €896k | €905k | ▲ 1.0% |
| Stocks and contracts in progress3 | €11k | €13k | €13k | €12k | €11k | ▼ 2.5% |
| Stocks30/36 | €11k | €13k | €13k | €12k | €11k | ▼ 2.5% |
| Amounts receivable within one year40/41 | €624k | €516k | €594k | €443k | €547k | ▲ 23.5% |
| Trade receivables40 | €167k | €118k | €119k | €90k | €104k | ▲ 14.8% |
| Other amounts receivable41 | €458k | €398k | €475k | €353k | €444k | ▲ 25.7% |
| Cash at bank and in hand54/58 | €277k | €179k | €200k | €419k | €327k | ▼ 22.0% |
| Deferred charges and accrued income490/1 | €17k | €29k | €30k | €22k | €19k | ▼ 14.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.08M | €954k | €1.03M | €1.07M | €3.01M | ▲ 181% |
| Equity10/15 | €255k | €175k | €259k | €285k | €288k | ▲ 1.0% |
| Contributions10/11 | - | - | - | €1k | €1k | = |
| Capital10 | - | - | - | €1k | €1k | = |
| Profit (loss) carried forward14 | €230k | €159k | €250k | €284k | €287k | ▲ 1.0% |
| Investment grants15 | €23k | €15k | €8k | €0 | - | - |
| Provisions and deferred taxes16 | €222k | €135k | €155k | €155k | €155k | = |
| Provisions for liabilities and charges160/5 | €222k | €135k | €155k | €155k | €155k | = |
| Other liabilities and charges164/5 | €222k | €135k | €155k | €155k | €155k | = |
| Amounts payable17/49 | €603k | €644k | €621k | €630k | €2.56M | ▲ 307% |
| Amounts payable after more than one year17 | €53k | €57k | €46k | €49k | €1.67M | ▲ 3,268% |
| Financial debts170/4 | €53k | €57k | €46k | €49k | €1.67M | ▲ 3,268% |
| Amounts payable within one year42/48 | €503k | €542k | €444k | €530k | €862k | ▲ 62.6% |
| Current portion of amounts payable after more than one year42 | €23k | €28k | €29k | €33k | €63k | ▲ 91.1% |
| Financial debts43 | €60k | €157k | €60k | - | €106k | - |
| Credit institutions430/8 | €60k | €157k | €60k | - | €106k | - |
| Trade debts44 | €125k | €101k | €74k | €133k | €251k | ▲ 89.6% |
| Suppliers440/4 | €125k | €101k | €74k | €133k | €251k | ▲ 89.6% |
| Advances received on contracts in progress46 | - | - | - | €47k | €105k | ▲ 125% |
| Taxes, remuneration and social security45 | €281k | €190k | €165k | €184k | €208k | ▲ 12.8% |
| Taxes450/3 | €45k | €990 | €2k | €1k | €858 | ▼ 21.6% |
| Remuneration and social security454/9 | €236k | €189k | €163k | €183k | €207k | ▲ 13.0% |
| Accrued charges and deferred income492/3 | €47k | €45k | €130k | €50k | €35k | ▼ 29.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €6k | €-72k | €91k | €34k | €3k | ▼ 91.6% |
| + Depreciation and write-downs630 | €39k | €59k | €76k | €123k | €69k | ▼ 43.7% |
| Operating cash flow (approximation) | €45k | €-13k | €167k | €157k | €72k | ▼ 54.1% |
| Investment in fixed assets (approximation) | - | €-125k | €-55k | €-99k | €-2.00M | ▼ 1,915% |
| Change in cash | - | €-98k | €22k | €219k | €-92k | ▼ 142% |
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
24-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
09-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
08-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 8 days late
2023
31-12
Financial
Back to profitnet €91k
Net result €91k after one loss-making year.
31-12
Financial
Equity above €200kEq €259k ▲47.8%
Equity rises from €175k to €259k.
02-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
21-05
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
06-09
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 37 days late
2020
27-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 88 days late
2019
31-12
Financial
Back to profitnet €4k
Net result €4k after one loss-making year.
07-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
26-03
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 60 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 23 acts read
About the unread acts
We know of 23 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
23 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, Seraing · 1 establishment unit since 1985
Ground area
5,400 m²
Building footprint
1,741 m²
Parcel 62353D0354/00X000, Wallonia. Linked by address, not a title deed.
11
companies at this address
See who is registered here
1 establishment unit
LE COUDMAIN
since 19852.153.398.317
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62353D0354/00X000 | Wallonia | 5,400 m² | 1 · 1,741 m² | - |
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.
Recognitions · licences · registrations
Recognised contractor
17 categoriesLE COUDMAIN ASBL42718
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ENTREPRISE GENERALE DE CONSTRUCTION ROUARD AUGUSTIN
BE 0635.673.068
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RENOVEX
BE 0479.733.195
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JOURET.PRO
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Of 29,779 companies in sector 41001 we hold annual accounts for 16,044. 11,103 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formNon-profit association
Founded11-10-1985
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
85592Vocational training
85599Other education
Scores and ratios are computed by Checked and are not a credit decision.