Financials
- Fiscal year
- 2024
- Total assets
- €239,433
- Profit
- €109,689
- Solvency
- 13.1%
Total assets▼ 79.9%
Net result
20192024
CO3-DEVELOPMENT
ActiveSummary
The computed 12-month bankruptcy probability of CO3-DEVELOPMENT is 1.9% (moderate). The 2024 annual accounts show equity of €31,408 and a net result of €109,689. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 34% of 19372 sector peers (fiscal year 2024). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Overview
Activity
Development of non-residential building projects
NACE 68122NACE 41102
1 site
Size
€239,433total assets 2024
- Equity
- €31,408
- Profit
- €109,689
Turnover not published (abridged schema)
Structure
- Board
- 1 member
Accounts 63 d overdue1 of 4 deeds read
Why 56- Figures for FY 2024 (filed 08-10-2025)- 1 financial year not filed after the legal deadline; latest accounts 68 days late; 2 of the last 3 late+ Sector Real estate activities (NACE 68)+ Liquidity: current ratio 20.12, cash €42,724Show the evidence
Checked score
Score 2024
56
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 65% of its sector peers (NACE 68, micro)
Performance against the sector, not lower risk
Financial strength · tick = 2023
Average
Solvency
38+20
equity 13.1% of total assets
Liquidity
72-25
short-term debt 5.0% · cash 17.8%
Profitability
66+36
return on assets 45.8%
Bankruptcy probability, 12 months
1.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 8 months
03-2026: 0.6%
04-2026: 0.6%▲ +1.9% vs 03-2026
05-2026: 0.6%▼ -0.5% vs 04-2026
06-2026: 0.6%▼ -1.3% vs 05-2026
07-2026: 0.6%▼ -0.6% vs 06-2026lowest value
08-2026: 0.9%▲ +52.3% vs 07-2026
09-2026: 1.2%▲ +27.5% vs 08-2026
10-2026: 1.9%▲ +58.1% vs 09-2026highest value
- Figures for FY 2024 (filed 08-10-2025) raises the probability
- 1 financial year not filed after the legal deadline; latest accounts 68 days late; 2 of the last 3 late raises the probability
- Sector Real estate activities (NACE 68) lowers the probability
- Liquidity: current ratio 20.12, cash €42,724 lowers the probability
Credit up to €1,500 at 30 days acceptable
Liquidity ample (current ratio 20.12 against 7.88 in 2023; short-term debt: 5% and cash: 17.8% of total assets), but 86.9% of the assets are financed with debt.
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 68, micro). Better than this share of them on solvency 34%, liquidity 81%, profitability 52%, growth against the median 94%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 02-10-2026. 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
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 07-10-2025, 68 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 · 6 filingsDeviation from the deadline
2025
not confirmed
2024
68 d late
2023
21 d late
2022
31 d late
2021
61 d late
2020
59 d late
2019
12 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 42 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (1)
- Resignation: William Vekemans (non-statutory director)Appointment: Ludovic Vekemans (non-statutory director)…
- Annual accounts filedfiscal year 2024 · micro…
- Highest result since 2019net €109,689 ▲933%
Key points
- Positive: Result rose in 2024from €10,622 to €109,689 ▲ 933% View
- Positive: Among the best 8% on net resultsector median €4,436 · 19,358 companies €109,689 View
- Caution: Accounts not fileddeadline was 31-07-2026 63 d late View
- Caution: Board changedlatest change 19-03-2026 · 1 in office 1 joined · 1 left View
By topic
Board & ownership
- Board
- 1 member
Go to Board & ownership
Timeline
- Events
- 13
- Since
- 2020
- 08-06-2026Resignation: William Vekemans (non-statutory director)
- 07-10-2025Annual accounts filed
- 31-12-2024Highest result since 2019
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Development of non-residential building projectsNACE 68122
- Founded
- 18-12-2018
- Year ends
- 31-12
- Peppol
- Not found in the Peppol directory
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