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Coating Solutions

Active
Private limited company (pre-2019)· 10 yrs active
Open bankruptcy
KBO/BCE: BE 0652.812.671
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Age10 yrs

Summary

Conclusion

the dossier summarised in one paragraph

A bankruptcy procedure is open for Coating Solutions according to publications in the Belgian State Gazette. The 2020 annual accounts show equity of €342 and a net result of €-31k.

Based on the State Gazette, CBE and 3 annual accounts.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

Bankruptcy opened

A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.

Insolvency timeline

1 events
28-02-2024
Bankruptcy Opening
Date: 20-02-2024 · Ondernemingsrechtbank Gent, afdeling Gent · COATING SOLUTIONS BV TOLHUISLAAN 168, 9000 GENT · Publications in State Gazette ↗

Signals

Insufficient current data: the most recent filed accounts (financial year 2020) are too old to derive current signals.

Trust signals

2 signals
Register: open bankruptcy
The KBO register records legal situation 050 for this company. This is today's state according to the register itself; the register carries no start date.
Open bankruptcy
Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.

Administrative Flags

No administrative flags

Financials

TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€-31k-65.5%
Working capital€2k
Directors1

Annual accounts & ratios

Source: NBB · 2020
Annual accounts filed on 06-05-2021 with the NBB · fiscal year 2020 · micro
€-40k€-20k€0€20kOperating result 2018: €27k€27kNet result 2018: €26k€26kOperating result 2019: €-18k€-18kNet result 2019: €-19k€-19kOperating result 2020: €6k€6kNet result 2020: €-31k€-31k201820192020
Operating resultNet result
EBITDA
€-18k
- 18-20
Net profit
€-31k
-65.5% 18-20
Cash flow
€-19k
- 18-20
Total assets
€342
-99.5% 18-20
Equity
€342
-86.3% 18-20
Working capital
€2k
- 18-20
Employees (FTE)
5
- 18-20
Income taxes
€0
- 18-20
Dividends
€10k
-55.6% 18-20
Debt
€64k
-20.6% 18-20
Debt ≤ 1y
€64k
-20.6% 18-20
Current ratio
1.04
+38.6% 18-20
Quick ratio
0.87
+15.5% 18-20
Solvency
100.0%
+2542.9% 18-20
ROE
-8981.9%
-1109.3% 18-20
ROA
-8981.9%
-31859.9% 18-20
Figures by fiscal year
Fiscal year2020
Revenue-
EBITDA-
Net profit€-31k
Cash flow-
Staff costs-
Income taxes-
Dividends-
Total assets€342
Equity€342
Debt-
of which ≤ 1y-
of which > 1y-
Working capital-
Employees (FTE)-
Ratios (computed)
2020
Current ratio-
Quick ratio-
Working capital ratio-
Solvency100.0%
Debt / equity-
Long-term debt ratio-
Interest coverage-
Gross margin-
Net margin-
ROA-8981.9%
ROE-8981.9%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2020
Balance sheet, Assets
TOTAL ASSETS 20/58€342
Current assets 29/58€342
Amounts receivable within one year 40/41€342
Cash & bank 54/58€0
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€342
Equity 10/15€342
Contributions / capital 10/11€6k
Reserves 13€25k
Accumulated profits (losses) 14€-31k
Income statement
Gross operating margin 9900€14k
Operating result 9901€6k
Financial charges 65€5k
Result before taxes 9903€-2k
Net result for the period 9904€-2k
Result to be appropriated 9905€-2k
You're seeing the latest fiscal year only. Unlock 2 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.

Health barometer

FY 2020 · computed
0 / 100 Critical
050100
Computed from 3 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Unlock the full score breakdown, per-year score history and the indicative credit limit with Plus.

See plans →
Computed by Checked from the NBB filing for FY 2020 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.

Directors

Directors & mandates

No directors on record

No directors or mandates are on record for this company in the CBE. Not every legal form publishes directors; if they appear in the Belgian State Gazette later, they show up here automatically.

Insolvency mandates

1 mandate
Role Name Tenure Source
Curator CATHARINA JANSSENS
FORTLAAN 77, 9000 GENT-
20-02-2024 → present Belgian State Gazette

Legal Structure

NACE primary -
Legal form Private limited company (pre-2019)(015)
Incorporation25-04-2016
StatusActive
Postal code-
First BS signal 28-02-2024
Latest BS signal 28-02-2024

Structure & network

Company structure: linked entities

1 linked entity
Coating SolutionsBE 0652.812.671CATHARINA JANSSENSReceiver ↔ 55DSRCoSequana MedicalZahra
Mandates
1 of these mandate-holders are active on other cases, click any red card to open that KBO.

Locations & real estate

Establishment units

1 location
Coating Solutions
Laagstraat 36, 9140 TemseVervaardiging van metalen constructiewerken of gebinten voor de bouw
since 20162.253.585.261
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels2
Ground area4,918 m²
Buildings2
Building footprint1,631 m²
Volume (LiDAR)10,163 m³
Tallest building13.0 m · ±3 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
46025B0192/00A000 Flanders 4,699 m² 1 · 1,498 m² 8.1 m · 2 fl.
44021A1839/00S002 Flanders 220 m² 1 · 133 m² 13.0 m · 3 fl.
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.

Publications

Lifecycle & Insolvency Signals

1 event from the State Gazette
28-02-2024
Bankruptcy Opening
Date: 20-02-2024 · Ondernemingsrechtbank Gent, afdeling Gent · COATING SOLUTIONS BV TOLHUISLAAN 168, 9000 GENT · Publications in State Gazette ↗

Time machine: BS events + macro context

2021-2026
COVID lockdownEnergiecrisisECB hikes2021202220232024202520262024-02-28 · Bankruptcy · Opening
Macro context
2020-Q2/Q3 COVID lockdown
2022 energy crisis
2023-2024 ECB rate hikes
Legend
Bankruptcy
Interim / reorg
KBO event

Belgian State Gazette · acts

No structured acts for this company yet

That means one of two things: the company has published no company deeds, or its deeds are still queued for reading. The insolvency signals above come from a separate source and are complete.

Analysis

Snowflake analysis

financial profile on 5 axes
Health0Profitability0Solvency100Growth32Stability0
26 / 100

Fragile profile, watch health in particular.

All 5 axes are computed from data Checked has read.

Health 0
Profitability 0
Solvency 100
Growth 32
Stability 0

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Credit advice

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Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.

Company registry

Company registry (CBE)

Crossroads Bank
Names & trade names
Legal nameNL Coating Solutions
AbbreviationNL C.S.
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.