COOL GRAY
ActiveCOOL GRAY has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €14k and a net result of €3k. Equity is shrinking by ~14.1% per year across the filed fiscal years. Its solvency ranks better than 95% of 8968 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
91
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability87▲+87
Solvency100=
Growth58=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity ample (current ratio 29.98 against 8.05 in 2023; short-term debt: 3.3% of total assets), and 3.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five 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 · 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
96.7%
Return on assets
19.6%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 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
29 d late
2023
40 d late
2022
63 d late
2020
109 d late
2019
104 d late
2018
61 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€14k▲ 25.4%
2023 · €11k
2018: €43k
2019: €19k
2020: €14k
2022: €13k
2023: €11k
2018 → 2024
Total assets
€14k▲ 13.6%
2023 · €13k
2018: €58k
2019: €38k
2020: €33k
2022: €28k
2023: €13k
2018 → 2024
Net result
€3k
2023 · €-2k
2018: €-41k
2019: €-24k
2020: €-5k
2022: €3k
2023: €-2k
2018 → 2024
Working capital
€14k▲ 25.4%
2023 · €11k
2018: €42k
2019: €18k
2020: €13k
2022: €13k
2023: €11k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020202220232024Trend
Equity€19k-€14k▼ 27.6%€13k▼ 3.1%€11k▼ 16.3%€14k▲ 25.4%
Operating result€-18k-€-3k▲ 82.1%€4k€-1k€837
Net result€-24k-€-5k▲ 78.2%€3k€-2k€3k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €837 after a loss of €1k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €14k
Equity
€14k▲ 25.4%
Debt
€477▼ 69.5%
The debt ratio falls from 12.4% to 3.3%. Equity is higher and debt is lower.
Key figures and ratios
Solvency
96.7%▲
2023 · 87.6%
Current ratio
29.98▲
2023 · 8.05
Quick ratio
29.98▲
2023 · 8.05
Debt / equity
0.03▼
2023 · 0.14
ROE
20.3%▲
2023 · -19.5%
ROA
19.6%▲
2023 · -17.0%
Debt
€477▼
2023 · €2k
Debt ≤ 1 year
€477▼
2023 · €2k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€13k€14k▲
Current assets29/58€13k€14k▲
Amounts receivable within one year40/41€13k€14k▲
Other amounts receivable41€13k€14k▲
Deferred charges and accrued income490/1€37-
Equity and liabilities
Total equity and liabilities10/49€13k€14k▲
Equity10/15€11k€14k▲
Contributions10/11€19k€19k=
Outside capital11€19k€19k=
Other1109/19€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€-9k€-7k▲
Amounts payable17/49€2k€477▼
Amounts payable within one year42/48€2k€477▼
Financial debts43€1k€243▼
Credit institutions430/8€1k€243▼
Taxes, remuneration and social security45€234€234=
Taxes450/3€234€234=
Income statement
Code20232024
Other operating charges640/8€867-
Gross operating margin9900€-394€837▲
Operating profit (loss)9901€-1k€837▲
Financial income75/76B-€2k
Recurring financial income75-€2k
Financial charges65/66B€885€13▼
Recurring financial charges65€885€13▼
Profit (loss) for the period before taxes9903€-2k€3k▲
Profit (loss) for the period9904€-2k€3k▲
Profit (loss) for the period to be appropriated9905€-2k€3k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-9k€-7k▲
Profit (loss) brought forward from the previous period14P€-7k€-9k▼
The notes to these accounts (2 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Back to profitnet €3k
Net result €3k after one loss-making year.
31-12
Financial
Liquidity quadruplescurrent ratio 29.98
Current ratio from 8.05 to 29.98; short-term debt falls from €2k to €477.
09-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 40 days late
2023
31-12
Financial
Liquidity quadruplescurrent ratio 8.05
Current ratio from 1.88 to 8.05; short-term debt falls from €15k to €2k.
02-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 63 days late
2022
31-12
Financial
Back to profitnet €3k
Net result €3k after 3 loss-making years.
2021
17-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 109 days late
2020
12-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 104 days late
2019
30-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 61 days late
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 29 days late
2017
14-11
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 106 days late
2016
07-10
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 68 days late
2015
28-09
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 59 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Héron · 1 establishment unit since 1995
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 Cortil Stiennon 64217 HéronGround area
2,395 m²
Building footprint
88 m²
Volume, LiDAR
668 m³
Parcel 61028F0025/00T003, Wallonia · tallest building 9.0 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
COOL GRAY SPRL
since 19952.037.526.768
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 61028F0025/00T003 | Wallonia | 2,395 m² | 1 · 87 m² | 8.9 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 9,863 companies in sector 73110 we hold annual accounts for 3,755. 2,331 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded28-03-1988
Fiscal year end31-12
Activities, NACEBEL
73110Advertising agencies
74401
Sources
Crossroads Bank for EnterprisesNational Bank · 35 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.