CO'PAIN
ActiveCO'PAIN has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €129k and a net result of €-12k. Equity remains stable across the filed fiscal years (±1.6% per year). Its solvency ranks better than 44% of 13009 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-94
Solvency46▼-9
Growth52=
Stability100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity ample (current ratio 1.55 against 1.89 in 2024), but 76.5% 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 10
Relative position
BE, all sectors
reference
Sector 10
higher
← fewer bankruptcies
more bankruptcies →
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-08-2026, 30 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
30 d late
2024
31 d late
2023
75 d late
2022
77 d late
2021
23 d late
2020
20 d late
2019
38 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
12-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€129k▼ 8.7%
2024 · €141k
2018: €106k
2019: €130k
2020: €131k
2021: €156k
2022: €97k
2023: €115k
2024: €141k
2018 → 2025
Total assets
€550k▼ 6.9%
2024 · €590k
2018: €631k
2019: €637k
2020: €604k
2021: €756k
2022: €612k
2023: €599k
2024: €590k
2018 → 2025
Net result
€-12k
2024 · €26k
2018: €36k
2019: €35k
2020: €102
2021: €26k
2022: €-60k
2023: €18k
2024: €26k
2018 → 2025
Working capital
€67k▼ 29.0%
2024 · €94k
2018: €77k
2019: €136k
2020: €166k
2021: €6k
2022: €58k
2023: €61k
2024: €94k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€156k-€97k▼ 38.2%€115k▲ 19.0%€141k▲ 23.0%€129k▼ 8.7%
Operating result€41k-€-48k€32k€40k▲ 25.0%€-482
Net result€26k-€-60k€18k€26k▲ 44.2%€-12k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €482 after €40k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €550k
Fixed assets
€363k▼ 7.1%
Current assets
€187k▼ 6.5%
Equity and liabilities €550k
Equity
€129k▼ 8.7%
Debt
€421k▼ 6.3%
The debt ratio rises from 76.0% to 76.5%: equity shrinks faster than debt is paid down.
Key figures and ratios
EBITDA
€81k▼
2024 · €112k
Cash flow
€69k▼
2024 · €99k
Solvency
23.5%▼
2024 · 24.0%
Current ratio
1.55▼
2024 · 1.89
Quick ratio
1.34▼
2024 · 1.78
Debt / equity
3.26▲
2024 · 3.18
ROE
-9.6%▼
2024 · 18.7%
ROA
-2.2%▼
2024 · 4.5%
Interest coverage
6.87▼
2024 · 8.42
Debt
€421k▼
2024 · €449k
Debt ≤ 1 year
€120k▲
2024 · €106k
Debt > 1 year
€298k▼
2024 · €340k
Income taxes
€147▲
2024 · €138
Staff costs
€197k▲
2024 · €164k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€590k€550k▼
Fixed assets21/28€391k€363k▼
Tangible fixed assets22/27€391k€363k▼
Plant, machinery and equipment23€154k€128k▼
Furniture and vehicles24€402€1k▲
Leasing and similar rights25€211k€194k▼
Other tangible fixed assets26€25k€41k▲
Financial fixed assets28€110€110=
Current assets29/58€200k€187k▼
Stocks and contracts in progress3€11k€25k▲
Stocks30/36€11k€25k▲
Amounts receivable within one year40/41€74k€51k▼
Trade receivables40€51k€41k▼
Other amounts receivable41€23k€9k▼
Cash at bank and in hand54/58€110k€109k▼
Deferred charges and accrued income490/1€4k€2k▼
Equity and liabilities
Total equity and liabilities10/49€590k€550k▼
Equity10/15€141k€129k▼
Contributions10/11€20k€20k=
Reserves13€136k€136k=
Distributable reserves133€136k€136k=
Profit (loss) carried forward14€-15k€-27k▼
Amounts payable17/49€449k€421k▼
Amounts payable after more than one year17€340k€298k▼
Financial debts170/4€313k€268k▼
Other amounts payable178/9€27k€30k▲
Amounts payable within one year42/48€106k€120k▲
Current portion of amounts payable after more than one year42€45k€46k▲
Trade debts44€36k€36k▲
Suppliers440/4€36k€36k▲
Taxes, remuneration and social security45€25k€38k▲
Taxes450/3€49€1k▲
Remuneration and social security454/9€25k€37k▲
Other amounts payable47/48€10€0▼
Accrued charges and deferred income492/3€3k€3k=
Income statement
Code20242025
Non-recurring operating income76A-€140
Remuneration, social security and pensions62€164k€197k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€72k€81k▲
Other operating charges640/8€4k€4k▲
Gross operating margin9900€280k€283k▲
Operating profit (loss)9901€40k€-482▼
Financial income75/76B€1€37▲
Recurring financial income75€1€37▲
Financial charges65/66B€13k€12k▼
Recurring financial charges65€13k€12k▼
Profit (loss) for the period before taxes9903€27k€-12k▼
Income taxes67/77€138€147▲
Profit (loss) for the period9904€26k€-12k▼
Profit (loss) for the period to be appropriated9905€26k€-12k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-15k€-27k▼
Profit (loss) brought forward from the previous period14P€-41k€-15k▲
The notes to these accounts (19 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 30 days late
2025
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2024
14-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 75 days late
2023
31-12
Financial
Back to profitnet €18k
Net result €18k after one loss-making year.
31-12
Financial
Equity above €100kEq €115k ▲19%
Equity rises from €97k to €115k.
16-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 77 days late
2022
31-12
Financial
Weakest financial yearnet €-60k ▼332%
Net result drops to €-60k, the lowest in the series; recovery starts the following year.
23-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 23 days late
2021
31-12
Financial
Equity above €150kEq €156k ▲19.8%
4 profitable years in a row build equity to €156k.
20-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 20 days late
2020
23-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
08-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
22-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
29-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
under verification, no change since 2023
This board is reconstructed from a single act (23486139). A Gazette act generally publishes only CHANGES, not a full roll call, so directors unchanged since then may be missing here. The KBO register holds the complete list of function holders.
LEPEZ Cathérine
CurrentDirector · since 28-12-2023
VANDENBERGHE Maarten
CurrentDirector · since 28-12-2023
VANDENBERGHE Nicolas
CurrentDirector · since 28-12-2023
28-12-2023
LEPEZ Cathérine: Resigned as Director
28-12-2023
LEPEZ Cathérine: Appointed as Director
28-12-2023
VANDENBERGHE Maarten: Resigned as Director
28-12-2023
VANDENBERGHE Maarten: Appointed as Director
28-12-2023
VANDENBERGHE Nicolas: Resigned as Director
28-12-2023
VANDENBERGHE Nicolas: Appointed as Director
Location & real-estate footprint
Registered office, Anzegem · 1 establishment unit since 2005
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.
Kerkstraat 348570 AnzegemGround area
628 m²
Building footprint
511 m²
Volume, LiDAR
1,859 m³
Parcel 34002C0115/00H000, Flanders · tallest building 8.6 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
CO'PAIN
since 20052.147.368.083
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34002C0115/00H000 | Flanders | 628 m² | 1 · 511 m² | 8.6 m · 1 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.
Similar companies · same sector, comparable size
ACR Petitjean
BE 0726.790.217
Gedinne · Eq €129k
WILLIAM JACOBS
BE 0461.718.713
Wingene · Eq €129k
AMMAR
BE 0568.644.286
Gent · Eq €129k
PATISSERIE VAEL
BE 0422.853.583
Zele · Eq €129k
Patisserie Mario
BE 0841.964.750
Mol · Eq €128k
Of 4,201 companies in sector 10712 we hold annual accounts for 1,851. 1,572 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded09-05-2005
Fiscal year end31-12
Activities, NACEBEL
10712Artisanal bread and fresh pastry making
55302
56102Limited-service restaurants
56112Limited-service restaurants, excluding mobile food services
47241Retail sale of bread and pastry (bakery outlets)
47271Retail trade
47291Retail trade
47300Retail sale of automotive fuel
Sources
Crossroads Bank for EnterprisesNational Bank · 20 filingsAddress and cadastre registers
Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.