COB 23
COB 23 has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €133k and a net result of €6k. Equity is growing by ~7.2% per year across the filed fiscal years. Its solvency ranks better than 77% of 2211 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
| Equity | €133k |
| Net result | €6k |
| Better than sector | 77% |
| Active | 9 yrs |
Mixed profile: strong on stability, weaker on profitability.
All 5 axes are computed from data Checked has read.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 74.5% | 41.3% | |
| Net result | €6k | €21k | |
| Equity | €133k | €214k | |
| Gross operating margin | €14k | €84k | |
| Total assets | €179k | €734k |
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Deposit | abbreviated schema | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - | - |
| EBITDA | €12k | €17k | €15k | €12k | €11k |
| Net profit | €6k | €9k | €8k | €6k | €4k |
| Cash flow | €8k | €11k | €9k | €7k | €6k |
| Staff costs | - | - | - | - | - |
| Income taxes | €3k | €4k | €4k | €3k | €3k |
| Dividends | - | - | - | - | - |
| Total assets | €179k | €184k | €180k | €183k | €194k |
| Equity | €133k | €128k | €118k | €110k | €104k |
| Debt | €46k | €56k | €62k | €73k | €89k |
| of which ≤ 1y | €46k | €51k | €45k | €44k | €49k |
| of which > 1y | - | €5k | €17k | €29k | €40k |
| Working capital | €-30k | €-32k | €-21k | €-19k | €-14k |
| Employees (FTE) | - | - | - | - | - |
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Current ratio | 0.34 | 0.37 | 0.53 | 0.57 | 0.71 |
| Quick ratio | 0.34 | 0.37 | 0.53 | 0.57 | 0.71 |
| Working capital ratio | -16.8% | -17.5% | -11.7% | -10.3% | -7.3% |
| Solvency | 74.5% | 69.4% | 65.7% | 60.2% | 53.9% |
| Debt / equity | 0.34 | 0.44 | 0.52 | 0.66 | 0.85 |
| Long-term debt ratio | - | 0.04 | 0.14 | 0.26 | 0.38 |
| Interest coverage | 10.82 | 13.50 | 9.17 | 5.81 | 4.87 |
| Gross margin | - | - | - | - | - |
| Net margin | - | - | - | - | - |
| ROA | 3.2% | 5.2% | 4.5% | 3.0% | 2.2% |
| ROE | 4.3% | 7.4% | 6.9% | 5.0% | 4.0% |
| EBITDA margin | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Full annual accounts (24 line items)
| Line item | Code | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €179k | €184k | €180k | €183k | €194k |
| Fixed assets | 21/28 | €163k | €165k | €156k | €157k | €159k |
| Tangible fixed assets | 22/27 | €8k | €9k | €511 | €2k | €3k |
| Financial fixed assets | 28 | €156k | €156k | €156k | €156k | €156k |
| Current assets | 29/58 | €16k | €19k | €24k | €25k | €35k |
| Amounts receivable within one year | 40/41 | €9k | €8k | €9k | €9k | €9k |
| Cash & bank | 54/58 | €5k | €9k | €15k | €16k | €26k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €179k | €184k | €180k | €183k | €194k |
| Equity | 10/15 | €133k | €128k | €118k | €110k | €104k |
| Contributions / capital | 10/11 | €19k | €19k | €19k | €19k | €19k |
| Reserves | 13 | €2k | €2k | €2k | €2k | €2k |
| Accumulated profits (losses) | 14 | €113k | €107k | €98k | €90k | €84k |
| Amounts payable | 17/49 | €46k | €56k | €62k | €73k | €89k |
| Amounts payable after one year | 17 | - | €5k | €17k | €29k | €40k |
| Amounts payable within one year | 42/48 | €46k | €51k | €45k | €44k | €49k |
| Trade debts payable within one year | 44 | €941 | €480 | €28 | €853 | €3k |
| Income statement | ||||||
| Gross operating margin | 9900 | €14k | €17k | €15k | €12k | €12k |
| Operating result | 9901 | €10k | €15k | €13k | €10k | €9k |
| Financial income | 75 | - | - | - | - | €13 |
| Financial charges | 65 | €1k | €1k | €2k | €2k | €2k |
| Result before taxes | 9903 | €9k | €14k | €12k | €8k | €7k |
| Income taxes | 67/77 | €3k | €4k | €4k | €3k | €3k |
| Net result for the period | 9904 | €6k | €9k | €8k | €6k | €4k |
| Result to be appropriated | 9905 | €6k | €9k | €8k | €6k | €4k |
-
COBUT Laurent Michel Maurice GhislainDirector (executive)State Gazette act 23422754 (09-11-2023)Current09-11-2023 → present
Former directors (1)
-
Neusy SigndManaging directorState Gazette act 23154199 (04-12-2023)Former- → 04-12-2023
| NACE primary | Office administrative and support services(82100) |
| Legal form | Private limited company(610) |
| Incorporation | 08-02-2017 |
| Status | Active |
| Postal code | 1190 |
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21384D0087/00T008 | Brussels | 710 m² | 1 · 710 m² | 14.6 m · 3 fl. |
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
04-12-2023 Neusy Signd resigns as managing director
- Neusy Signd, Gedelegeerd bestuurder
Technical details
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}09-11-2023 COBUT Laurent Michel Maurice Ghislain appointed as director (executive)
- COBUT Laurent Michel Maurice Ghislain, Directeur
Technical details
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"notary": {
"name": "Quentin VANHALEWYN",
"firm_city": null,
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},
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{
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{
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"exp\u00E9dition de l\u2019acte",
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}| Legal nameFR | COB 23 |