COART

Active

Private limited companyfounded 1989active for 36 yearsTruilingenstraat 21, 3800 Sint-Truiden, BelgiumKBO/BCE: BE 0439.366.844

From the official registers: KBO 36 annual accounts at the National Bank publications in the Belgian Official Gazette

Summary

COART has been active since 1989 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €73,045 and a net result of €739. Equity is growing by about 7% per year across the filed financial years. Its solvency ranks better than 24% of 34,855 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 0.8% (low).

Risk analysisFollow Report Compare

COARTActiveChecked score 68/100

Risk analysis Report Compare

Official details

KBO

Status: Active since 28-12-1989 Normal situation
Legal form: Private limited company
Registered office: Truilingenstraat 21, 3800 Sint-Truiden
Activity: Joinery installation NACE 43320and 2 others
Establishment unit: 2.046.783.835 3800 Sint-Truiden, since 23-01-1990
Financial year end: 31 December
Peppol: Reachable since 12-05-2025

Company details

Who decides

Board

COART,Yves Ernest AugustinDirector
COART,Laurens Kathleen BartDirector

Board & ownership

How it is doing

68 Healthy Checked score 2025

Bankruptcy probabilitywithin 12 months: 0.8%

Annual accounts 2025

Gross margin: €66,457; ▲ 3.8%
Turnover: ≈ €270,000; estimated
Profit: €739; ▼ 89.9%
Equity: €73,045; ▲ 1.0%
Total assets: €319,816; ▼ 24.2%

2025 accounts 18 days early

Filed on 13-07-2026at the National Bank

Financials

Why 68raises riskSector: Specialised construction activities (NACE 43)Liquidity: current ratio 1.14lowers riskSize: total assets €319,816Founded in 1989Show the evidence

Checked score

Score 2025

68 / 100

Healthy

Probability in this band: 0.55% to 1.5%

Financially better than 42% of its sector peers (NACE 43, micro)

Every signal that counts is listed under Signals.

Financial strength · tick = 2024

Strong

Solvency 48+6

equity 22.8% of total assets

Liquidity 80+30

short-term debt 26.0%

Profitability 59-3

return on assets 0.2%

Bankruptcy probability, 12 months

0.8% Low

0%0.5%1.5%4%10%≥ 25%

About 8 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (47,675 companies, NACE 43, micro)

Last 24 months 11-2024: 0.5% 12-2024: 0.5%● unchanged vs 11-2024 01-2025: 0.5%● unchanged vs 12-2024 02-2025: 0.5%● unchanged vs 01-2025 03-2025: 0.5%● unchanged vs 02-2025 04-2025: 0.5%● unchanged vs 03-2025 05-2025: 0.6%▲ +0.1 percentage points vs 04-2025 06-2025: 0.5%▼ -0.1 percentage points vs 05-2025 07-2025: 0.8%▲ +0.3 percentage points vs 06-2025highest value 08-2025: 0.2%▼ -0.6 percentage points vs 07-2025lowest value 09-2025: 0.2%● unchanged vs 08-2025lowest value 10-2025: 0.2%● unchanged vs 09-2025lowest value 11-2025: 0.2%● unchanged vs 10-2025lowest value 12-2025: 0.2%● unchanged vs 11-2025lowest value 01-2026: 0.2%● unchanged vs 12-2025lowest value 02-2026: 0.2%● unchanged vs 01-2026 03-2026: 0.2%● unchanged vs 02-2026 04-2026: 0.3%▲ +0.1 percentage points vs 03-2026 05-2026: 0.3%● unchanged vs 04-2026 06-2026: 0.3%● unchanged vs 05-2026 07-2026: 0.3%● unchanged vs 06-2026 08-2026: 0.8%▲ +0.5 percentage points vs 07-2026 09-2026: 0.8%● unchanged vs 08-2026 10-2026: 0.8%● unchanged vs 09-2026

Credit of up to €4,500 on 30-day terms is acceptable

Liquidity tight (current ratio 1.14, compared with 1.07 in 2024, below the usual 1.5; short-term debt: 26% of total assets), and 77.2% of the assets are financed with debt and provisions.

How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

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%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro): better than 24% on solvency, 78% on liquidity, 28% on profitability and 38% on growth.

The bankruptcy probability was computed on 31-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.

lowers riskraises riskneutral

Sector: Specialised construction activities (NACE 43)

KBO

Liquidity: current ratio 1.14

NBB · annual accounts

Size: total assets €319,816

Companies of this size fail less often; how much that weighs depends on the rest of its profile.

NBB · annual accounts

Founded in 1989

Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.

KBO

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 34855 sector peers (2025).

NBB · sector comparison

Position among 34855 sector peers

Solvency

better than 24%

← weakest strongest →

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 13-07-2026, 18 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

18 days early

2024

17 days early

2023

27 days early

2022

21 days early

2021

25 days early

2020

30 days early

2019

28 days late

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 16 days before the deadline; the sector median (NACE 43) for financial year 2024 is 1 day before the deadline, and 43% of those companies filed late.

Searched, nothing found (2)

Next filing not due yet

The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 10 July (5 of the last 5 filed years within 30 days of that day).

Companies Code · seven months

Where today falls in the filing period

01-11-2026 today31-12-2026 year end31-07-2027 deadline

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

Key points

Positive: Filed on time since financial year 2020accounts within the deadline every year 6 years View
Positive: 5 profitable years in a rowprofit 2025: €739 5 years View

Documents

Key facts about COART

What is the company number of COART?: 0439.366.844. In Belgium the VAT number is the company number with BE in front: BE 0439.366.844.
Where is COART based?: The registered office is at Truilingenstraat 21, 3800 Sint-Truiden.Company details
What does COART do?: According to the KBO register, the main activity is joinery installation (NACE 43320).
What is the legal form of COART?: Private limited company (BV).
When was COART founded?: On 28-12-1989.
Is COART still active?: Yes, COART is an active enterprise in the KBO register.
What is the turnover of COART?: ≈ €270,000 in financial year 2025. Estimated from the gross margin of €66,457: probably between €200,000 and €410,000, based on 37 comparable companies, NACE 43320.Financials
Is COART profitable?: In financial year 2025, COART made a profit of €739.
Where can I find the annual accounts of COART?: COART filed 36 annual accounts with the National Bank of Belgium, the latest for financial year 2025.Annual accounts at the National Bank
When are the next annual accounts of COART due?: By 31-07-2027, for financial year 2026.Timeline

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Overview