COBACO
ActiveSummary
COBACO has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€136,200) and a net result of -€68,273. Equity is growing by ~10% per year across the filed fiscal years. Its solvency ranks better than 5% of 9537 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-46
Solvency0=
Growth58=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.56 against 0.74 in 2024; short-term debt: 113.2% and cash: 6.8% of total assets), and equity is negative.
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Signals
Five 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 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-54.9%
Return on assets
-27.5%
Age of the figures
15 mo
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
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
18202122232425
2018 to 2025 · latest year -€136,200
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 12-01-2026, 19 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
19 d early
2024
on the day
2023
on the day
2022
6 d early
2021
3 d early
2020
3 d early
2018
1 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 5 days before the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close27-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€136,200▼ 101%
2024 · -€67,927
Total assets
€247,873▼ 1.7%
2024 · €252,122
Net result
-€68,273
2024 · €495
Working capital
-€122,862▼ 96.2%
2024 · -€62,613
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€30,541€55,604▲ 82.1%€77,988▲ 40.3%€6,684▼ 91.4%-€58,691
Net result€23,700€49,305▲ 108%€73,080▲ 48.2%€495▼ 99.3%-€68,273
Equity-€190,807▲ 11.0%-€141,502▲ 25.8%-€68,422▲ 51.6%-€67,927▲ 0.7%-€136,200▼ 101%
Total assets€124,293▼ 6.3%€125,342▲ 0.8%€111,215▼ 11.3%€252,122▲ 127%€247,873▼ 1.7%
Debt€315,101▼ 9.2%€266,844▼ 15.3%€179,636▼ 32.7%€320,049▲ 78.2%€384,074▲ 20.0%
Working capital-€174,847▲ 33.9%-€151,827▲ 13.2%-€91,440▲ 39.8%-€62,613▲ 31.5%-€122,862▼ 96.2%
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 €58,691 after €6,684 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €247,873
Fixed assets
€90,058 ▲ 18.6%
Current assets
€157,816 ▼ 10.4%
Key figures and ratios
EBITDA
-€35,796▼
2024 · €22,126
Cash flow
-€45,379▼
2024 · €15,936
Solvency
-54.9%▼
2024 · -26.9%
Current ratio
0.56▼
2024 · 0.74
Quick ratio
0.54▼
2024 · 0.71
Debt to equity
-2.82▲
2024 · -4.71
ROA
-27.5%▼
2024 · 0.2%
Interest coverage
-2.83▼
2024 · 3.19
Debt ≤ 1 year
€280,677▲
2024 · €238,795
Debt > 1 year
€101,702▲
2024 · €80,116
Income taxes
€84▲
2024 · €1
Staff costs
€11,375
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,943 companies that looked in July 2024 the way this one looks now, 5.5% went bankrupt within 24 months and 85% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a loss of 10% of the balance sheet or more
5.5%
went bankrupt
8.1%
stopped otherwise
85%
still going
A further 1.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.4% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 6,943 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.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €684 | €0 | - | - |
| Remuneration, social security and pensions62 | - | - | - | - | €11,375 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12,018 | €10,193 | €13,072 | €15,442 | €22,895 | ▲ 48.3% |
| Other operating charges640/8 | - | €4,927 | €2,332 | €1,731 | €1,795 | ▲ 3.7% |
| Non-recurring operating charges66A | - | €0 | €268 | €0 | - | - |
| Gross operating margin9900 | €75,322 | €70,724 | €93,661 | €23,856 | -€22,626 | ▼ 195% |
| Operating profit (loss)9901 | €30,541 | €55,604 | €77,988 | €6,684 | -€58,691 | ▼ 978% |
| Financial income75/76B | - | €55 | €338 | €741 | €3,145 | ▲ 324% |
| Recurring financial income75 | €1 | €55 | €338 | €741 | €3,145 | ▲ 324% |
| Financial charges65/66B | - | €6,354 | €5,246 | €6,930 | €12,644 | ▲ 82.5% |
| Recurring financial charges65 | €6,842 | €6,354 | €5,246 | €6,930 | €12,644 | ▲ 82.5% |
| Profit (loss) for the period before taxes9903 | €23,700 | €49,305 | €73,080 | €495 | -€68,189 | ▼ 13,866% |
| Income taxes67/77 | - | - | - | €1 | €84 | ▲ 12,442% |
| Profit (loss) for the period9904 | €23,700 | €49,305 | €73,080 | €495 | -€68,273 | ▼ 13,902% |
| Profit (loss) for the period to be appropriated9905 | €23,700 | €49,305 | €73,080 | €495 | -€68,273 | ▼ 13,902% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €124,293 | €125,342 | €111,215 | €252,122 | €247,873 | ▼ 1.7% |
| Fixed assets21/28 | €71,051 | €85,229 | €71,307 | €75,940 | €90,058 | ▲ 18.6% |
| Tangible fixed assets22/27 | €64,901 | €75,579 | €67,807 | €72,440 | €86,558 | ▲ 19.5% |
| Plant, machinery and equipment23 | - | €53,314 | €44,870 | €56,192 | €66,055 | ▲ 17.6% |
| Furniture and vehicles24 | - | €1,464 | €987 | €628 | €512 | ▼ 18.5% |
| Leasing and similar rights25 | - | €17,633 | €19,588 | €14,066 | €19,243 | ▲ 36.8% |
| Other tangible fixed assets26 | - | €3,169 | €2,362 | €1,554 | €747 | ▼ 51.9% |
| Financial fixed assets28 | €6,150 | €9,650 | €3,500 | €3,500 | €3,500 | = |
| Current assets29/58 | €53,242 | €40,113 | €39,907 | €176,182 | €157,816 | ▼ 10.4% |
| Stocks and contracts in progress3 | - | - | - | €7,492 | €6,732 | ▼ 10.1% |
| Stocks30/36 | - | - | - | €7,492 | €6,732 | ▼ 10.1% |
| Amounts receivable within one year40/41 | €25,824 | €33,046 | €34,368 | €142,229 | €131,007 | ▼ 7.9% |
| Trade receivables40 | - | €32,122 | €23,373 | €70,328 | €13 | ▼ 100.0% |
| Other amounts receivable41 | - | €924 | €10,995 | €71,901 | €130,993 | ▲ 82.2% |
| Cash at bank and in hand54/58 | €27,358 | €4,257 | €4,277 | €25,205 | €16,796 | ▼ 33.4% |
| Deferred charges and accrued income490/1 | - | €2,811 | €1,262 | €1,256 | €3,281 | ▲ 161% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €124,293 | €125,342 | €111,215 | €252,122 | €247,873 | ▼ 1.7% |
| Equity10/15 | -€190,807 | -€141,502 | -€68,422 | -€67,927 | -€136,200 | ▼ 101% |
| Contributions10/11 | - | €400,000 | €400,000 | €400,000 | €400,000 | = |
| Profit (loss) carried forward14 | -€590,807 | -€541,502 | -€468,422 | -€467,927 | -€536,200 | ▼ 14.6% |
| Amounts payable17/49 | €315,101 | €266,844 | €179,636 | €320,049 | €384,074 | ▲ 20.0% |
| Amounts payable after more than one year17 | €81,766 | €71,765 | €46,038 | €80,116 | €101,702 | ▲ 26.9% |
| Financial debts170/4 | - | €39,615 | €46,038 | €80,116 | €101,702 | ▲ 26.9% |
| Other amounts payable178/9 | - | €32,150 | - | - | - | - |
| Amounts payable within one year42/48 | €228,089 | €191,941 | €131,347 | €238,795 | €280,677 | ▲ 17.5% |
| Current portion of amounts payable after more than one year42 | - | €28,792 | €32,328 | €40,318 | €87,410 | ▲ 117% |
| Financial debts43 | - | €1,181 | €71 | €0 | - | - |
| Credit institutions430/8 | - | €1,181 | €71 | €0 | - | - |
| Trade debts44 | €26,175 | €37,584 | €27,429 | €125,829 | €68,947 | ▼ 45.2% |
| Suppliers440/4 | - | €37,584 | €27,429 | €125,829 | €68,947 | ▼ 45.2% |
| Taxes, remuneration and social security45 | - | €8,605 | €6,541 | €0 | €7,619 | - |
| Taxes450/3 | - | €8,605 | €6,541 | €0 | €5,195 | - |
| Remuneration and social security454/9 | - | - | - | - | €2,424 | - |
| Other amounts payable47/48 | - | €115,779 | €64,979 | €72,648 | €116,702 | ▲ 60.6% |
| Accrued charges and deferred income492/3 | - | €3,138 | €2,251 | €1,139 | €1,695 | ▲ 48.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €23,700 | €49,305 | €73,080 | €495 | -€68,273 | ▼ 13,902% |
| + Depreciation and write-downs630 | €12,018 | €10,193 | €13,072 | €15,442 | €22,895 | ▲ 48.3% |
| Operating cash flow (approximation) | €35,718 | €59,498 | €86,153 | €15,936 | -€45,379 | ▼ 385% |
| Investment in fixed assets (approximation) | - | -€24,371 | €849 | -€20,075 | -€37,013 | ▼ 84.4% |
| Change in cash | - | -€23,101 | €20 | €20,928 | -€8,410 | ▼ 140% |
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
01-09
State Gazette act
Resignation: Yves D'heedene (director)Power of attorney4 facts ▸
State Gazette act
Resignation: Yves D'heedene (director)
Power of attorney4 facts ▸
- Director resignation, Yves D'heedene (director)
- Power of attorney, Camille Duysburgh
- Power of attorney, Jorn Peyskens
- Director resignation, Yves D'heedene (day-to-day manager)
12-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
Financial
Highest result since 2018net €73,080 ▲48.2%
Operating result €77,988, net result €73,080, both a record.
25-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
28-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
Financial
Back to profitnet €23,700
Net result €23,700 after 2 loss-making years.
28-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2019
29-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
07-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 7 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 7 acts read
About the unread acts
Of the 7 Belgian State Gazette acts we know for this company, 1 has been read. The other 6 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
no sitting director, last change in 2026
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Not every act has been read: a resignation may be missing here
6 of this company's 7 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Oudenaarde · 1 establishment unit since 2014
Ground area
810 m²
Building footprint
230 m²
Volume, LiDAR
1,710 m³
Parcel 45502A0747/00Z000, Flanders · tallest building 14.8 m, ±3 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
COBACO
since 20142.239.304.584
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45502A0747/00Z000 | Flanders | 810 m² | 1 · 230 m² | 14.8 m · 3 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.
Mandate history
1 person since 2026, 0 in office
- Board
- Day-to-day management
- began earlier
| Name | Functions and periods |
|---|---|
| Yves D'heedene |
|
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 3,924 companies in sector 71112 we hold annual accounts for 1,294. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded08-12-2014
Fiscal year end30-06
Activities, NACEBEL 2025
71112Activities of interior architects
77399Renting and leasing of other machinery, equipment and tangible goods
10720Manufacture of food products
E-invoicing
Reachable via Peppol
Peppol ID
0208:0506620607
Also
9925:BE0506620607
Registered
25-11-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.