Result
€1.9m ▼ 82.1%
The result fell in 2025 from €10.3m to €1.9m.
COMPAGNIE BELGE DE PARTICIPATIONS INDUSTRIELLES ET IMMOBILIERES
Heads the group
COMPAGNIE BELGE DE PARTICIPATIONS INDUSTRIELLES ET IMMOBILIERES
22 companies in 2 countries
See the group
Lifetime
19 annual accounts with figures on one time axis, 20 filings since 2006peak €2.8m (2013)
€878,429▲ 539%
lowest -€1.2m (2013)
€1.9m▼ 82.1%
peak €29.9m (2025)
€29.9m▲ 6.6%
€15.1m▼ 8.1%
peak 8.1 FTE (2025)
8.1 FTE▲ 5.2%
Board7 names since 2016
4 directorsAurore GROSJEAN and 3 others
Owners6 names in the annual accounts
Documentsfilings and deeds
25-08-202625 days late
2025financial year
Gross margin from €137,446 to €878,429Result from €10.3m to €1.9m1 director appointed, 2 resignations, 4 reappointments 31-12Investments €5.9m
Key points
from the 2025 annual accountsInvestments
€5.9m 15.6 × depreciation
Green is investment, beige is depreciation.
Liquidity
0.09 was 0.60 in 2024
Short-term debts fell from €9.7m to €9.3m.
Filings
20 annual accounts 21 filings since 2006
Five of the last ten came late. The 2023 accounts came latest: 69 days after the end of the period.
Group
20 companies controlled
Heads a group.
Board
1 joined · 2 left
Board changed. Latest change 31-12-2025 · 4 in office.
Checked score
82
Excellent
Financially stronger than 39% of micro companies in head offices and management consultancy (NACE 70)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 48,570 companies (NACE 70, micro).
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
10-2025: 0.4%
11-2025: 0.4%● unchanged vs 10-2025
12-2025: 0.4%● unchanged vs 11-2025
01-2026: 0.4%● unchanged vs 12-2025
02-2026: 0.4%● unchanged vs 01-2026lowest value
03-2026: 0.4%● unchanged vs 02-2026
04-2026: 0.4%● unchanged vs 03-2026
05-2026: 0.4%● unchanged vs 04-2026
06-2026: 0.4%● unchanged vs 05-2026
07-2026: 0.4%● unchanged vs 06-2026
08-2026: 0.7%▲ +0.3 percentage points vs 07-2026highest value
09-2026: 0.4%▼ -0.3 percentage points vs 08-2026
10-2026: 0.4%● unchanged vs 09-2026
11-2026: 0.4%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
Liquidity: current ratio 0.09, cash €353,501
Last filed accounts filed 25 days late; 2 of the last 3 accounts late
lowers risk
Size: 8.1 FTE, total assets €45.0m
Equity €29.9m (66.5% of total assets)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 70, micro). It does better than 62% of them on solvency, 24% on liquidity, 17% on profitability and 53% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 17,041 companies had the same profile as COMPAGNIE BELGE DE PARTICIPATIONS INDUSTRIELLES ET IMMOBILIERES has now. Each dot stands for 43 companies, two years later.
94.4%
were still trading
4.9%
stopped another way
0.5%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of COMPAGNIE BELGE DE PARTICIPATIONS INDUSTRIELLES ET IMMOBILIERES itself: 0.4% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 17,041 companies, not a prediction for COMPAGNIE BELGE DE PARTICIPATIONS INDUSTRIELLES ET IMMOBILIERES. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €2,450,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.09 (0.6 in 2024), below 1. Short-term debt is 20.7% and cash 0.8% of total assets. 33.5% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1920212222232425
2019 to 2025 · latest year €29.9m
raises risk · 2025 accounts filed 25 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-08-2026, 25 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
25 days late
2024
48 days late
2023
69 days late
2022
27 days early
2022
18 days early
2021
25 days early
2020
9 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 12 days after the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 6 September (3 of the last 4 accounts filed within 33 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- Aurore GROSJEAN 0.01%annual accounts 2022
- Charlotte GROSJEAN 0.01%annual accounts 2022
- Guillaume GROSJEAN 0.01%annual accounts 2022
Shares in 8 companies, including ACIERS GROSJEAN and COMET RECHERCHES ET DEVELOPPEMENTS
Board & ownershipRecent changes
1 director appointed, 2 resignations, 4 reappointments
Resignations: Joël BLAVIER and Cathy Kretschmer · Reappointments: Philippe GROSJEAN, Aurore GROSJEAN, Maxime GROSJEAN and Charlotte GROSJEAN · Appointment: Philippe GROSJEAN (chair and managing director) · General meeting of 07-10-2025 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0869734860
1 director appointed, 5 resignations, 5 reappointments
Resignations: Philippe GROSJEAN, Aurore GROSJEAN, Maxime GROSJEAN, Cathy KRETSCHMER and Charlotte GROSJEAN · Reappointments: Philippe GROSJEAN, Aurore GROSJEAN, Maxime GROSJEAN, Cathy KRETSCHMER and Charlotte GROSJEAN · Appointment: Joël BLAVIER · Gazette deed
Resignation: Guillaume GROSJEAN (director)
Appointment: Charlotte GROSJEAN (director) · General meeting of 22-10-2020 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| COMPAGNIE BELGE DE PARTICIPATIONS INDUSTRIELLES ET IMMOBILIERES Châtelet | €45.0m | €0.9m | 66.5% | 8.1 |
| J.B.T. Holding Malle | €52.1m | €0.7m | 97.6% | 4.3 |
| D.D.D. CONSULT Deerlijk | €21.8m | €0.9m | 97.0% | 7.7 |
| Richardson Sales Performance Zaventem | €26.6m | €1.2m | 21.8% | 6.3 |
| I CAN Keerbergen | €25.6m | €0.7m | 96.5% | 5.3 |
| D.P. DISTRIBUTION Mechelen | €36.9m | €1.3m | 65.0% | 4.3 |
| MEDIGROUP Anderlecht | €30.2m | €0.7m | 78.5% | 14.1 |
These companies have the same main activity as COMPAGNIE BELGE DE PARTICIPATIONS INDUSTRIELLES ET IMMOBILIERES: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €22m and €52m, founded between 1999 and 2010.
Official details
Source: KBO- Status
- Active since 28-10-2004Normal situation
- Registered office
- 15 active companies are registered at this address1 started in the 12 months before. Source: KBO register, as of 10 November 2026.
- Activity
- Business and other management consultancyNACE 70200and 3 others
- Joint committees
- 145Horticulture
- 323Building management, estate agents and domestic staff · annual accounts 2025
- Establishment units
- 2.229.624.1826200 Châtelet, since 28-10-2004
- 2.229.624.3806280 Gerpinnes, since 07-11-2008
- Financial year end
- 31 December
- Peppol
- Reachable since 19-11-2025
Annual accounts 2025
- ≈ €1.3mestimated
- €45.0m▲ 1.2%
- Employeeson 31-12-2025
- 9▼ 10.0%
- Filing
- Filed on 25-08-2026
Companies linked to COMPAGNIE BELGE DE PARTICIPATIONS INDUSTRIELLES ET IMMOBILIERES
Subsidiaries and holdings
- COMET TYRE RECYCLING100%
- IMMO AZUR100%
- RECYMET100%
- Rivage et Entrepôts de Châtelineau100%
- COMETSAMBRE85.93%
- COMET TRAITEMENTS85.47%
Insights on COMPAGNIE BELGE DE PARTICIPATIONS INDUSTRIELLES ET IMMOBILIERES
COMPAGNIE BELGE DE PARTICIPATIONS INDUSTRIELLES ET IMMOBILIERES has existed since 2004. The gross margin fell from €2.0m in 2023 to €137,446 in 2024.
In December 2025, the Official Gazette published the appointment of Philippe GROSJEAN as managing director.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about COMPAGNIE BELGE DE PARTICIPATIONS INDUSTRIELLES ET IMMOBILIERES
- What is the company number of COMPAGNIE BELGE DE PARTICIPATIONS INDUSTRIELLES ET IMMOBILIERES?
- The company number of COMPAGNIE BELGE DE PARTICIPATIONS INDUSTRIELLES ET IMMOBILIERES is 0869.734.860. The VAT number is the same number with BE in front: BE 0869.734.860.
- Where is COMPAGNIE BELGE DE PARTICIPATIONS INDUSTRIELLES ET IMMOBILIERES based?
- The registered office is at Rivage de Boubier 25, 6200 Châtelet.Company details
- What does COMPAGNIE BELGE DE PARTICIPATIONS INDUSTRIELLES ET IMMOBILIERES do?
- According to the KBO register, the main activity is business and other management consultancy (NACE 70200).
- What is the legal form of COMPAGNIE BELGE DE PARTICIPATIONS INDUSTRIELLES ET IMMOBILIERES?
- COMPAGNIE BELGE DE PARTICIPATIONS INDUSTRIELLES ET IMMOBILIERES is a public limited company (NV).
- When was COMPAGNIE BELGE DE PARTICIPATIONS INDUSTRIELLES ET IMMOBILIERES founded?
- COMPAGNIE BELGE DE PARTICIPATIONS INDUSTRIELLES ET IMMOBILIERES was founded on 28-10-2004.
- Is COMPAGNIE BELGE DE PARTICIPATIONS INDUSTRIELLES ET IMMOBILIERES still active?
- Yes, COMPAGNIE BELGE DE PARTICIPATIONS INDUSTRIELLES ET IMMOBILIERES is an active enterprise in the KBO register.
- How many employees does COMPAGNIE BELGE DE PARTICIPATIONS INDUSTRIELLES ET IMMOBILIERES have?
- COMPAGNIE BELGE DE PARTICIPATIONS INDUSTRIELLES ET IMMOBILIERES had an average of 8.1 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does COMPAGNIE BELGE DE PARTICIPATIONS INDUSTRIELLES ET IMMOBILIERES fall under?
- In its 2025 annual accounts, COMPAGNIE BELGE DE PARTICIPATIONS INDUSTRIELLES ET IMMOBILIERES states joint committees 145 (Horticulture) and 323 (Building management, estate agents and domestic staff).
- What is the turnover of COMPAGNIE BELGE DE PARTICIPATIONS INDUSTRIELLES ET IMMOBILIERES?
- The turnover in financial year 2025 is ≈ €1.3m. This figure is estimated from the gross margin of €878,429 and 74 comparable companies (NACE 70200). It probably lies between €1.0m and €2.4m. In financial year 2024 turnover was €1.0m.
- Is COMPAGNIE BELGE DE PARTICIPATIONS INDUSTRIELLES ET IMMOBILIERES profitable?
- In financial year 2025, COMPAGNIE BELGE DE PARTICIPATIONS INDUSTRIELLES ET IMMOBILIERES made a profit of €1.9m.
- Where can I find the annual accounts of COMPAGNIE BELGE DE PARTICIPATIONS INDUSTRIELLES ET IMMOBILIERES?
- COMPAGNIE BELGE DE PARTICIPATIONS INDUSTRIELLES ET IMMOBILIERES filed 21 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of COMPAGNIE BELGE DE PARTICIPATIONS INDUSTRIELLES ET IMMOBILIERES due?
- COMPAGNIE BELGE DE PARTICIPATIONS INDUSTRIELLES ET IMMOBILIERES must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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