Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
-
Tight liquidity NBB
Cash and receivables cover 56 % of short-term debt in 2025; threshold 65 %.
-
Shrinking team NBB
FTE fell two years in a row, from 57.4 to 49.1.
-
Busy address KBO
49 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
COIL from Brussel, company number BE0448204633, closed financial year 2025 with a result of € -4 million after tax. For that financial year COIL recorded revenue of € 19.1 million and equity of € 8.1 million. Compared with financial year 2024, the result moved from € -2.9 million to € -4 million. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on June 9, 2026.
€ 8.1 million
▼ 25% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -4 million
▼ 38 % more loss than in 2024
Profit after tax over the fiscal year.
€ 1.3 million
▲ 178% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -7.1 million.
People and assets in 2025
49.1
▼ 5.4 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 3.8 million
▼ 5% vs 2024
€ 77,700 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 16,804
▲ 25% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 3.1 million
▲ 9% vs 2024
€ 149,873 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 4.1 million
▲ 47% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 90 days on average.
€ 830,075
▼ 5% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 26,525,360 | € 21,751,700 | € 21,976,929 | € 19,088,090 | ▼ 13% |
| Profit after taxes | € -748,153 | € -932,039 | € -2,895,304 | € -4,001,812 | ▼ € 1.1 million |
| Equity | € 14,597,526 | € 13,665,487 | € 10,770,183 | € 8,068,370 | ▼ 25% |
| Total debts | € 6,666,735 | € 7,050,212 | € 6,817,058 | € 8,218,532 | ▲ 21% |
| Cash | € 882,875 | € 142,356 | € 461,394 | € 1,282,378 | ▲ 178% |
| Land & buildings | € 955,706 | € 894,403 | € 842,781 | € 793,975 | ▼ 6% |
| Retained profit | € 698,073 | € -233,966 | € -3,129,270 | € -7,131,083 | ▼ € 4 million |
| Dividend | € 2,792,071 | € 0 | € 0 | € 0 | |
| Bank debt | € 3,772,769 | € 2,664,574 | € 2,873,421 | € 3,124,266 | ▲ 9% |
| Balance sheet total | € 21,482,735 | € 20,925,073 | € 17,773,970 | € 16,457,469 | ▼ 7% |
| Employees (FTE) | 54.9 | 57.4 | 54.5 | 49.1 | ▼ 5.4 |
Key figures of COIL, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to COIL?
What happened at COIL in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Christopher Clarke stepped down as director. NBB
- CBP Holding stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 4 million. Source: NBB ↗
- EMC Surface Technologies Limited stepped down as director. NBB
- Christopher Clarke became a director. NBB
- Patrick Chassagne stepped down as director. NBB
- CBP Holding became a director. NBB
- Finance & Management International stepped down as director. NBB
In short
From € 748,153 loss in 2022 to € 4 million loss in 2025.
Paid € 11,358 in corporate taxes since 2022.
Paid out € 2.8 million in dividends to the owners in total.
Pays suppliers within 90 days on average.
Management
The shares are held by EMC Surface Technologies Limited (36.9%), James Clarke (18.6%), Finance & Management International N.V. (18%), FLOAT FREE (15.1%), Jean Schroyen (5.8%) and Jan Robeyns (5.6%). It owns 100% of Coil GmbH itself.
Directors
According to the 2025 annual accounts
Christopher Clarke
Director
since 2025 · until 2031
Patrick Chassagne
Director
since 2022 · until 2025
Director · represented by Patrick Chassagne
since 2025 · until 2031
Finance & Management International
Managing director · represented by Timothy Hutton
since 2022 · until 2025
Tom Frost
Director
since 2024 · until 2025
EMC Surface Technologies Limited
Managing director · represented by James Clarke
since 2020 · until 2026
Shareholders
EMC Surface Technologies Limited
36.9%
James Clarke
18.6%
FLOAT FREE
15.1%
Jean Schroyen
5.8%
Jan Robeyns
5.6%
Laurent Maes
Participations
Coil GmbH
100%
Establishments
Establishment units
Physical locations of this company
Drukpersstraat 4
1000 Brussel
Roosveld 5
3400 Landen
Active since 29 November 1993
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 49 companies are registered at this address.
All companies at this address →Grada
Société de Gestion patrimoniale et financière
€ 557,981 gross margin · 2026
Schalbroek
€ -20,347 gross margin · 2025
Immobilière du Boulevard
€ 31,024 gross margin · 2025
Société anonyme belge de la Forêt du Paular
€ -93,395 gross margin · 2025
+44 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
COMBELL-AS, BE
Domain
Domain
coil.be
Registered
1997-07-08
Website info
Features
Security
Details
- Company number
- 0448.204.633
- VAT number
- BE 0448.204.633
- Registered office
- Drukpersstraat 4, 1000 Brussel
- Names & denominations
- COIL
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 9 September 1992
- Peppol
- Active · Active since 31 Oct 2025
- Contact
- coil.be
- Activities · NACE
Coating van metalen
Oppervlaktebehandeling en bekleding van metaal
Oppervlaktebehandeling van metalen