CO-PILOT
ActiveSummary
CO-PILOT has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €240k and a net result of €146k. Equity is growing by ~19.3% per year across the filed fiscal years. Its solvency ranks better than 44% of 31791 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+8
Solvency73▲+33
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €19k at 30 days acceptable
Liquidity ample (current ratio 2.55 against 0.96 in 2024; short-term debt: 17.8% and cash: 7% of total assets), but 51.7% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
48.3%
Return on assets
29.4%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 13-05-2026, 79 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
79 d early
2024
31 d early
2023
41 d early
2022
32 d early
2021
9 d early
2020
7 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€240k▲ 156%
2024 · €94k
2020: €64klowest in 6 years
2021: €156k▲ +143% vs 2020
2022: €189k▲ +21.4% vs 2021
2023: €277k▲ +46.7% vs 2022highest in 6 years
2024: €94k▼ -66.1% vs 2023
2025: €240k▲ +156% vs 2024
2020 → 2025
Total assets
€497k▼ 22.3%
2024 · €640k
2020: €100klowest in 6 years
2021: €452k▲ +352% vs 2020
2022: €517k▲ +14.6% vs 2021
2023: €542k▲ +4.7% vs 2022
2024: €640k▲ +18.1% vs 2023highest in 6 years
2025: €497k▼ -22.3% vs 2024
2020 → 2025
Net result
€146k▲ 25.3%
2024 · €117k
2020: €61k
2021: €92k▲ +49.5% vs 2020
2022: €33k▼ -63.6% vs 2021lowest in 6 years
2023: €88k▲ +165% vs 2022
2024: €117k▲ +31.9% vs 2023
2025: €146k▲ +25.3% vs 2024highest in 6 years
2020 → 2025
Working capital
€137k
2024 · €-13k
2020: €61k
2021: €57k▼ -5.8% vs 2020
2022: €75k▲ +30.1% vs 2021
2023: €166k▲ +122% vs 2022highest in 6 years
2024: €-13k▼ -108% vs 2023lowest in 6 years
2025: €137k▲ +1129% vs 2024
2020 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€156k-€189k▲ 21.4%€277k▲ 46.7%€94k▼ 66.1%€240k▲ 156%
2021: €156k
2022: €189k▲ +21.4% vs 2021
2023: €277k▲ +46.7% vs 2022highest in 5 years
2024: €94k▼ -66.1% vs 2023lowest in 5 years
2025: €240k▲ +156% vs 2024
Operating result€122k-€43k▼ 64.9%€116k▲ 171%€147k▲ 27.1%€189k▲ 27.9%
2021: €122k
2022: €43k▼ -64.9% vs 2021lowest in 5 years
2023: €116k▲ +171% vs 2022
2024: €147k▲ +27.1% vs 2023
2025: €189k▲ +27.9% vs 2024highest in 5 years
Net result€92k-€33k▼ 63.6%€88k▲ 165%€117k▲ 31.9%€146k▲ 25.3%
2021: €92k
2022: €33k▼ -63.6% vs 2021lowest in 5 years
2023: €88k▲ +165% vs 2022
2024: €117k▲ +31.9% vs 2023
2025: €146k▲ +25.3% vs 2024highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 28% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €497k
Fixed assets
€271k ▼ 4.8%
Current assets
€226k ▼ 36.4%
Equity and liabilities €497k
Equity
€240k ▲ 156%
Debt
€257k ▼ 52.9%
Debt's share of the balance-sheet total falls from 85.3% to 51.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€202k▲
2024 · €162k
Cash flow
€160k▲
2024 · €131k
Current ratio
2.55▲
2024 · 0.96
Debt to equity
1.07▼
2024 · 5.81
ROE
60.9%▼
2024 · 124.1%
ROA
29.4%▲
2024 · 18.2%
Interest coverage
41.45▲
2024 · 29.35
Debt ≤ 1 year
€88k▼
2024 · €368k
Debt > 1 year
€168k▼
2024 · €178k
Income taxes
€51k▲
2024 · €42k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 53 lines
Balance sheet
Code20242025
Assets
Total assets20/58€640k€497k▼
Fixed assets21/28€285k€271k▼
Tangible fixed assets22/27€285k€271k▼
Land and buildings22€259k€252k▼
Furniture and vehicles24€8k€5k▼
Other tangible fixed assets26€17k€15k▼
Financial fixed assets28€336€336=
Current assets29/58€355k€226k▼
Amounts receivable within one year40/41€333k€174k▼
Trade receivables40-€2k
Other amounts receivable41€333k€172k▼
Current investments50/53-€15k
Cash at bank and in hand54/58€21k€35k▲
Deferred charges and accrued income490/1€1k€2k▲
Equity and liabilities
Total equity and liabilities10/49€640k€497k▼
Equity10/15€94k€240k▲
Contributions10/11€3k€3k=
Reserves13€90k€230k▲
Distributable reserves133€90k€230k▲
Profit (loss) carried forward14€921€7k▲
Amounts payable17/49€546k€257k▼
Amounts payable after more than one year17€178k€168k▼
Financial debts170/4€178k€168k▼
Amounts payable within one year42/48€368k€88k▼
Current portion of amounts payable after more than one year42€10k€10k▲
Financial debts43€234-
Credit institutions430/8€234-
Trade debts44€5k€6k▲
Suppliers440/4€5k€6k▲
Taxes, remuneration and social security45€53k€72k▲
Taxes450/3€53k€72k▲
Other amounts payable47/48€300k-
Accrued charges and deferred income492/3-€1k
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15k€14k▼
Other operating charges640/8€126€1k▲
Non-recurring operating charges66A-€12
Gross operating margin9900€162k€204k▲
Operating profit (loss)9901€147k€189k▲
Financial income75/76B€17k€14k▼
Recurring financial income75€17k€14k▼
Financial charges65/66B€6k€5k▼
Recurring financial charges65€6k€5k▼
Profit (loss) for the period before taxes9903€159k€197k▲
Income taxes67/77€42k€51k▲
Profit (loss) for the period9904€117k€146k▲
Profit (loss) for the period to be appropriated9905€117k€146k▲
Appropriation of the result
Profit (loss) to be appropriated9906€117k€147k▲
Profit (loss) brought forward from the previous period14P€401€921▲
Transfer from equity791/2€300k-
Transfer to equity691/2€116k€140k▲
To other reserves6921€116k€140k▲
Profit to be distributed694/7€300k-
Return on contributions (dividend)694€300k-
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5k | €13k | €15k | €15k | €14k | ▼ 8.6% |
| Other operating charges640/8 | €772 | €174 | €620 | €126 | €1k | ▲ 1,046% |
| Non-recurring operating charges66A | - | - | - | - | €12 | - |
| Gross operating margin9900 | €128k | €56k | €131k | €162k | €204k | ▲ 25.4% |
| Operating profit (loss)9901 | €122k | €43k | €116k | €147k | €189k | ▲ 27.9% |
| Financial income75/76B | €5k | €9k | €10k | €17k | €14k | ▼ 17.8% |
| Recurring financial income75 | €5k | €9k | €10k | €17k | €14k | ▼ 17.8% |
| Financial charges65/66B | €7k | €4k | €4k | €6k | €5k | ▼ 11.8% |
| Recurring financial charges65 | €7k | €4k | €4k | €6k | €5k | ▼ 11.8% |
| Profit (loss) for the period before taxes9903 | €120k | €48k | €123k | €159k | €197k | ▲ 24.5% |
| Income taxes67/77 | €29k | €15k | €35k | €42k | €51k | ▲ 22.2% |
| Profit (loss) for the period9904 | €92k | €33k | €88k | €117k | €146k | ▲ 25.3% |
| Profit (loss) for the period to be appropriated9905 | €92k | €33k | €88k | €117k | €146k | ▲ 25.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €452k | €517k | €542k | €640k | €497k | ▼ 22.3% |
| Fixed assets21/28 | €315k | €312k | €299k | €285k | €271k | ▼ 4.8% |
| Tangible fixed assets22/27 | €315k | €312k | €299k | €285k | €271k | ▼ 4.8% |
| Land and buildings22 | €281k | €274k | €266k | €259k | €252k | ▼ 2.8% |
| Furniture and vehicles24 | €11k | €15k | €13k | €8k | €5k | ▼ 43.4% |
| Other tangible fixed assets26 | €22k | €23k | €20k | €17k | €15k | ▼ 15.2% |
| Financial fixed assets28 | €336 | €336 | €336 | €336 | €336 | = |
| Current assets29/58 | €137k | €206k | €243k | €355k | €226k | ▼ 36.4% |
| Amounts receivable within one year40/41 | €106k | €180k | €218k | €333k | €174k | ▼ 47.6% |
| Trade receivables40 | €14k | - | €1k | - | €2k | - |
| Other amounts receivable41 | €92k | €180k | €217k | €333k | €172k | ▼ 48.4% |
| Current investments50/53 | - | - | - | - | €15k | - |
| Cash at bank and in hand54/58 | €30k | €24k | €25k | €21k | €35k | ▲ 66.8% |
| Deferred charges and accrued income490/1 | €1k | €1k | - | €1k | €2k | ▲ 16.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €452k | €517k | €542k | €640k | €497k | ▼ 22.3% |
| Equity10/15 | €156k | €189k | €277k | €94k | €240k | ▲ 156% |
| Contributions10/11 | €3k | €3k | €3k | €3k | €3k | = |
| Reserves13 | - | €186k | €274k | €90k | €230k | ▲ 156% |
| Distributable reserves133 | - | €186k | €274k | €90k | €230k | ▲ 156% |
| Profit (loss) carried forward14 | €153k | €58 | €401 | €921 | €7k | ▲ 656% |
| Amounts payable17/49 | €296k | €328k | €264k | €546k | €257k | ▼ 52.9% |
| Amounts payable after more than one year17 | €217k | €198k | €188k | €178k | €168k | ▼ 5.7% |
| Financial debts170/4 | €217k | €198k | €188k | €178k | €168k | ▼ 5.7% |
| Amounts payable within one year42/48 | €79k | €131k | €77k | €368k | €88k | ▼ 76.0% |
| Current portion of amounts payable after more than one year42 | - | €9k | €10k | €10k | €10k | ▲ 1.5% |
| Financial debts43 | €2k | €991 | €442 | €234 | - | - |
| Credit institutions430/8 | €2k | €991 | €442 | €234 | - | - |
| Trade debts44 | €16k | €4k | €4k | €5k | €6k | ▲ 36.0% |
| Suppliers440/4 | €16k | €4k | €4k | €5k | €6k | ▲ 36.0% |
| Taxes, remuneration and social security45 | €61k | €117k | €63k | €53k | €72k | ▲ 34.8% |
| Taxes450/3 | €61k | €117k | €63k | €53k | €72k | ▲ 34.8% |
| Other amounts payable47/48 | - | - | - | €300k | - | - |
| Accrued charges and deferred income492/3 | - | - | - | - | €1k | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €92k | €33k | €88k | €117k | €146k | ▲ 25.3% |
| + Depreciation and write-downs630 | €5k | €13k | €15k | €15k | €14k | ▼ 8.6% |
| Operating cash flow (approximation) | €97k | €47k | €103k | €131k | €160k | ▲ 21.5% |
| Investment in fixed assets (approximation) | - | €-10k | €-2k | €-625 | €12 | ▲ 102% |
| Change in cash | - | €-5k | €61 | €-4k | €14k | ▲ 482% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
13-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2020net €146k ▲25.3%
Operating result €189k, net result €146k, both a record.
31-12
Financial
Liquidity triplescurrent ratio 2.55
Current ratio from 0.96 to 2.55; short-term debt falls from €368k to €88k.
31-12
Financial
Equity above €200kEq €240k ▲156%
6 profitable years in a row build equity to €240k.
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
20-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity doublescurrent ratio 3.16
Current ratio from 1.57 to 3.16; short-term debt falls from €131k to €77k.
31-12
Financial
Equity above €200kEq €277k ▲46.7%
4 profitable years in a row build equity to €277k.
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €33k ▼63.6%
Net result drops to €33k, the lowest in the series; recovery starts the following year.
22-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €150kEq €156k ▲143%
2 profitable years in a row build equity to €156k.
07-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 7 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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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, Waregem · 1 establishment unit since 2019
Ground area
691 m²
Building footprint
122 m²
Volume, LiDAR
668 m³
Parcel 34452B0328/00F000, Flanders · tallest building 8.4 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
CO-PILOT
since 20192.295.938.530
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34452B0328/00F000 | Flanders | 691 m² | 1 · 122 m² | 8.4 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
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 82,553 companies in sector 70200 we hold annual accounts for 52,585. 39,090 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded12-11-2019
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.