COLIWAL
ActiveSummary
COLIWAL has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (€-4k) and a net result of €-26k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 14% of 6537 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2024
39
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability43▼-18
Solvency25▼-1
Growth55▼-17
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.87 against 0.94 in 2023; short-term debt: 87.6% and cash: 1.6% of total assets), and equity is negative.
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 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
-0.1%
Return on assets
-0.9%
Age of the figures
21 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
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €-4k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 25-08-2025, 25 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
not confirmed
2024
25 d late
2023
112 d late
2022
280 d late
2021
351 d late
2020
142 d late
2019
264 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, full schema
Turnover
€3.77M▲ 9.4%
2023 · €3.45M
2018: €761k
2019: €1.00M
2020: €1.18M
2021: €2.39M
2022: €3.42M
2023: €3.45M
2018 → 2024
EBIT margin
0.6%▼ 3.1pp
2023 · 3.7%
2018: 3.5%
2019: -6.8%
2020: 4.8%
2021: 1.2%
2022: -2.1%
2023: 3.7%
2018 → 2024
Net result
€-26k
2023 · €76k
2018: €19k
2019: €-70k
2020: €56k
2021: €8k
2022: €-89k
2023: €76k
2018 → 2024
Working capital
€-338k▼ 57.6%
2023 · €-214k
2018: €109k
2019: €-18k
2020: €195k
2021: €-88k
2022: €-280k
2023: €-214k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€1.18M-€2.39M▲ 103%€3.42M▲ 42.8%€3.45M▲ 0.9%€3.77M▲ 9.4%
Equity€100k-€36k▼ 64.3%€-54k€22k€-4k
Operating result€57k-€30k▼ 47.6%€-71k€127k€21k▼ 83.5%
Net result€56k-€8k▼ 85.6%€-89k€76k€-26k
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 83% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.94M
Fixed assets
€703k ▼ 3.7%
Current assets
€2.23M ▼ 29.4%
Key figures and ratios
EBITDA
€65k▼
2023 · €169k
Cash flow
€18k▼
2023 · €118k
Solvency
-0.1%▼
2023 · 0.6%
Current ratio
0.87▼
2023 · 0.94
Quick ratio
0.84▼
2023 · 0.90
ROA
-0.9%▼
2023 · 1.9%
Interest coverage
4.09▼
2023 · 9.59
Debt
€2.94M▼
2023 · €3.87M
Debt ≤ 1 year
€2.57M▼
2023 · €3.38M
Debt > 1 year
€328k▼
2023 · €469k
Income taxes
€31k▼
2023 · €33k
Staff costs
€79k▲
2023 · €69k
A ratio outside any meaningful range has been withheld (balance sheet total €2.94M, equity €-4k).
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 · 2024 against 2023 · 54 lines
Balance sheet
Code20232024
Assets
Total assets20/58€3.89M€2.94M▼
Fixed assets21/28€730k€703k▼
Tangible fixed assets22/27€729k€702k▼
Land and buildings22€567k€551k▼
Plant, machinery and equipment23€15k€11k▼
Furniture and vehicles24€10k€6k▼
Other tangible fixed assets26€137k€133k▼
Financial fixed assets28€930€930=
Current assets29/58€3.16M€2.23M▼
Stocks and contracts in progress3€124k€70k▼
Stocks30/36€124k€70k▼
Amounts receivable within one year40/41€2.98M€2.11M▼
Trade receivables40€2.84M€2.10M▼
Other amounts receivable41€142k€6k▼
Cash at bank and in hand54/58€49k€48k▼
Deferred charges and accrued income490/1€7k€5k▼
Equity and liabilities
Total equity and liabilities10/49€3.89M€2.94M▼
Equity10/15€22k€-4k▼
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€1k€-24k▼
Amounts payable17/49€3.87M€2.94M▼
Amounts payable after more than one year17€469k€328k▼
Financial debts170/4€469k€328k▼
Amounts payable within one year42/48€3.38M€2.57M▼
Current portion of amounts payable after more than one year42€57k€56k▼
Trade debts44€3.27M€2.42M▼
Suppliers440/4€200k€197k▼
Bills of exchange payable441€3.07M€2.23M▼
Taxes, remuneration and social security45€50k€88k▲
Taxes450/3€40k€73k▲
Remuneration and social security454/9€10k€16k▲
Other amounts payable47/48-€3k
Accrued charges and deferred income492/3€25k€41k▲
Income statement
Code20232024
Turnover70€3.45M€3.77M▲
Goods, raw materials, services and sundry goods60/61€3.18M€3.03M▼
Remuneration, social security and pensions62€69k€79k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€43k€44k▲
Other operating charges640/8€26k€45k▲
Gross operating margin9900€265k€189k▼
Operating profit (loss)9901€127k€21k▼
Financial income75/76B€8-
Recurring financial income75€8-
Financial charges65/66B€18k€16k▼
Recurring financial charges65€18k€16k▼
Profit (loss) for the period before taxes9903€109k€5k▼
Income taxes67/77€33k€31k▼
Profit (loss) for the period9904€76k€-26k▼
Profit (loss) for the period to be appropriated9905€76k€-26k▼
Appropriation of the result
Profit (loss) to be appropriated9906€1k€-24k▼
Profit (loss) brought forward from the previous period14P€-74k€1k▲
Social balance
Average headcount (FTE)90872.52.7▲
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
25-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 25 days late
2024
20-11
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 112 days late
06-05
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 280 days late
2023
31-12
Financial
Back to profitnet €76k
Net result €76k after one loss-making year.
17-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 351 days late
2022
31-12
Financial
Weakest financial yearnet €-89k ▼1207%
Net result drops to €-89k, the lowest in the series; recovery starts the following year.
2021
20-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 142 days late
21-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 264 days late
2020
31-12
Financial
Back to profitnet €56k
Net result €56k after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 2.16
Current ratio from 0.94 to 2.16; short-term debt falls from €283k to €168k.
2019
09-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 70 days late
2018
28-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
15-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
17-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
8 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, Charleroi · 1 establishment unit since 2018
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.
Rue de la Villette 326001 CharleroiGround area
2,719 m²
Parcel 52028A0057/02_000, Wallonia. Linked by address, not a title deed.
1 establishment unit
COLIWAL SPRL
since 20182.287.620.581
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52028A0057/02_000indicative | Wallonia | 2,719 m² | - | - |
Linked by address, not proof of ownership
Methodology
via establishment units: 1
0 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
MOM
BE 0713.721.743
Antwerpen · Eq €21,682
KISADO
BE 0881.960.919
Hasselt · Eq €22,296
PALITS
BE 0537.940.917
Antwerpen · Eq €22,469
RYAN
BE 0744.382.552
Lasne · Eq €22,489
ROAD & DOGAN
BE 0888.419.535
Gent · Eq €22,490
Of 1,266 companies in sector 47300 we hold annual accounts for 945. 556 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded14-05-2012
Fiscal year end31-12
Activities, NACEBEL 2025
47300Retail sale of automotive fuel
77120Rental and leasing activities
Sources
Crossroads Bank for EnterprisesNational Bank · 12 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.