COOPMAN CONSTRUCT
ActiveSummary
The computed 12-month bankruptcy probability of COOPMAN CONSTRUCT is 24.1% (high). The 2024 annual accounts show negative equity (-€2,720) and a net result of -€1,108. Its solvency ranks better than 5% of 9,985 sector peers (NACE 41, financial year 2024). The company has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals.
Financials · financial year 2024, micro format
2023 to 2024, 2 financial years
The operating result stays negative: a loss of €1,103 in 2024 against €2,436 in 2023; the loss shrinks.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 41, Construction of residential and non-residential buildings: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital.
Peer companies
Historical observationOf the 7,639 companies that looked in July 2024 the way this one looks now, 8.8% went bankrupt within 24 months and 85% are still going.
- Micro
- 2 to 5 years old
- negative equity
- a loss of 10% of the balance sheet or more
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 24.1% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,472 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 7,639 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Remuneration, social security and pensions62 | €29 | - | - |
| Other operating charges640/8 | €279 | - | - |
| Gross operating margin9900 | -€2,128 | -€1,103 | ▲ 48.2% |
| Operating profit (loss)9901 | -€2,436 | -€1,103 | ▲ 54.7% |
| Financial charges65/66B | €69 | €5 | ▼ 93.0% |
| Recurring financial charges65 | €69 | €5 | ▼ 93.0% |
| Profit (loss) for the period before taxes9903 | -€2,505 | -€1,108 | ▲ 55.8% |
| Profit (loss) for the period9904 | -€2,505 | -€1,108 | ▲ 55.8% |
| Profit (loss) for the period to be appropriated9905 | -€2,505 | -€1,108 | ▲ 55.8% |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €965 | €2,251 | ▲ 133% |
| Current assets29/58 | €965 | €2,251 | ▲ 133% |
| Amounts receivable within one year40/41 | €481 | €2,248 | ▲ 367% |
| Other amounts receivable41 | €481 | €2,248 | ▲ 367% |
| Cash at bank and in hand54/58 | €484 | €3 | ▼ 99.4% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €965 | €2,251 | ▲ 133% |
| Equity10/15 | -€1,505 | -€2,720 | ▼ 80.8% |
| Contributions10/11 | €1,000 | €1,000 | = |
| Profit (loss) carried forward14 | -€2,505 | -€3,720 | ▼ 48.5% |
| Amounts payable17/49 | €2,469 | €4,971 | ▲ 101% |
| Amounts payable within one year42/48 | €2,469 | €4,971 | ▲ 101% |
| Trade debts44 | €970 | €251 | ▼ 74.1% |
| Suppliers440/4 | €970 | €251 | ▼ 74.1% |
| Advances received on contracts in progress46 | €1,500 | €1,500 | = |
| Other amounts payable47/48 | - | €3,221 | - |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€2,505 | -€1,108 | ▲ 55.8% |
| Operating cash flow (approximation) | -€2,505 | -€1,108 | ▲ 55.8% |
| Change in cash | - | -€481 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Similar companies · same sector and region
Public contracts: not fully processed yet. The notices from October 2020 to September 2026 are still being read.