COBALD
ActiveSummary
COBALD has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €276k and a net result of €57k. Equity is growing by ~17.1% per year across the filed fiscal years. Its solvency ranks better than 67% of 11389 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability85▼-5
Solvency88▼-12
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €23k at 30 days acceptable
Liquidity ample (current ratio 2.67 against 19.46 in 2024; short-term debt: 37.4% and cash: 87.6% of total assets), and 37.4% 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 · 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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
62.6%
Return on assets
13%
Age of the figures
18 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 22-09-2025, 39 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
39 d early
2024
27 d early
2023
49 d early
2022
35 d early
2021
4 d early
2020
16 d late
2019
37 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close25-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, micro schema
Equity
€276k▼ 25.2%
2024 · €369k
2019: €121klowest in 7 years
2020: €171k▲ +40.7% vs 2019
2021: €224k▲ +31.4% vs 2020
2022: €260k▲ +15.8% vs 2021
2023: €304k▲ +17.0% vs 2022
2024: €369k▲ +21.2% vs 2023highest in 7 years
2025: €276k▼ -25.2% vs 2024
2019 → 2025
Total assets
€441k▲ 13.5%
2024 · €388k
2019: €153klowest in 7 years
2020: €205k▲ +33.7% vs 2019
2021: €258k▲ +25.5% vs 2020
2022: €278k▲ +7.9% vs 2021
2023: €323k▲ +16.2% vs 2022
2024: €388k▲ +20.2% vs 2023
2025: €441k▲ +13.5% vs 2024highest in 7 years
2019 → 2025
Net result
€57k▼ 11.1%
2024 · €65k
2019: €25klowest in 7 years
2020: €49k▲ +98.5% vs 2019
2021: €54k▲ +8.6% vs 2020
2022: €35k▼ -34.1% vs 2021
2023: €44k▲ +25.1% vs 2022
2024: €65k▲ +45.9% vs 2023highest in 7 years
2025: €57k▼ -11.1% vs 2024
2019 → 2025
Working capital
€275k▼ 25.1%
2024 · €367k
2019: €115klowest in 7 years
2020: €160k▲ +38.8% vs 2019
2021: €217k▲ +35.5% vs 2020
2022: €254k▲ +17.3% vs 2021
2023: €301k▲ +18.4% vs 2022
2024: €367k▲ +22.0% vs 2023highest in 7 years
2025: €275k▼ -25.1% vs 2024
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€224k-€260k▲ 15.8%€304k▲ 17.0%€369k▲ 21.2%€276k▼ 25.2%
2021: €224klowest in 5 years
2022: €260k▲ +15.8% vs 2021
2023: €304k▲ +17.0% vs 2022
2024: €369k▲ +21.2% vs 2023highest in 5 years
2025: €276k▼ -25.2% vs 2024
Operating result€75k-€52k▼ 30.4%€59k▲ 12.3%€90k▲ 53.1%€80k▼ 11.4%
2021: €75k
2022: €52k▼ -30.4% vs 2021lowest in 5 years
2023: €59k▲ +12.3% vs 2022
2024: €90k▲ +53.1% vs 2023highest in 5 years
2025: €80k▼ -11.4% vs 2024
Net result€54k-€35k▼ 34.1%€44k▲ 25.1%€65k▲ 45.9%€57k▼ 11.1%
2021: €54k
2022: €35k▼ -34.1% vs 2021lowest in 5 years
2023: €44k▲ +25.1% vs 2022
2024: €65k▲ +45.9% vs 2023highest in 5 years
2025: €57k▼ -11.1% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 11% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €441k
Fixed assets
€710 ▼ 46.2%
Current assets
€440k ▲ 13.7%
Equity and liabilities €441k
Equity
€276k ▼ 25.2%
Debt
€165k ▲ 729%
Debt's share of the balance-sheet total rises from 5.1% to 37.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€80k▼
2024 · €93k
Cash flow
€58k▼
2024 · €67k
Current ratio
2.67▼
2024 · 19.46
Debt to equity
0.60▲
2024 · 0.05
ROE
20.8%▲
2024 · 17.5%
ROA
13.0%▼
2024 · 16.6%
Interest coverage
44.78▼
2024 · 66.19
Debt ≤ 1 year
€165k▲
2024 · €20k
Income taxes
€21k▼
2024 · €24k
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 · 48 lines
Balance sheet
Code20242025
Assets
Total assets20/58€388k€441k▲
Fixed assets21/28€1k€710▼
Tangible fixed assets22/27€1k€710▼
Plant, machinery and equipment23€1k€561▼
Furniture and vehicles24€243€149▼
Current assets29/58€387k€440k▲
Stocks and contracts in progress3€375-
Stocks30/36€375-
Amounts receivable within one year40/41€52k€51k▼
Trade receivables40€48k€50k▲
Other amounts receivable41€5k€1k▼
Cash at bank and in hand54/58€332k€386k▲
Deferred charges and accrued income490/1€2k€3k▲
Equity and liabilities
Total equity and liabilities10/49€388k€441k▲
Equity10/15€369k€276k▼
Contributions10/11€20k€20k=
Reserves13€271k€255k▼
Distributable reserves133€271k€255k▼
Profit (loss) carried forward14€77k€704▼
Amounts payable17/49€20k€165k▲
Amounts payable within one year42/48€20k€165k▲
Current portion of amounts payable after more than one year42€5k-
Trade debts44€6k€5k▼
Suppliers440/4€6k€5k▼
Taxes, remuneration and social security45€9k€9k▲
Taxes450/3€9k€7k▼
Remuneration and social security454/9-€3k
Other amounts payable47/48-€150k
Income statement
Code20242025
Non-recurring operating income76A€7k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€610▼
Other operating charges640/8€975€797▼
Gross operating margin9900€94k€81k▼
Operating profit (loss)9901€90k€80k▼
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€1k€2k▲
Recurring financial charges65€1k€2k▲
Profit (loss) for the period before taxes9903€89k€78k▼
Income taxes67/77€24k€21k▼
Profit (loss) for the period9904€65k€57k▼
Profit (loss) for the period to be appropriated9905€65k€57k▼
Appropriation of the result
Profit (loss) to be appropriated9906€141k€134k▼
Profit (loss) brought forward from the previous period14P€77k€77k▲
Transfer from equity791/2-€74k
Transfer to equity691/2€65k€57k▼
To other reserves6921€65k€57k▼
Profit to be distributed694/7-€150k
Return on contributions (dividend)694-€150k
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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €826 | - | €7k | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5k | €3k | €3k | €3k | €610 | ▼ 77.9% |
| Other operating charges640/8 | - | €949 | €766 | €975 | €797 | ▼ 18.2% |
| Gross operating margin9900 | €81k | €56k | €62k | €94k | €81k | ▼ 13.4% |
| Operating profit (loss)9901 | €75k | €52k | €59k | €90k | €80k | ▼ 11.4% |
| Financial income75/76B | - | - | €34 | €0 | - | - |
| Recurring financial income75 | €24 | - | €34 | €0 | - | - |
| Financial charges65/66B | - | €307 | €491 | €1k | €2k | ▲ 28.1% |
| Recurring financial charges65 | €346 | €307 | €491 | €1k | €2k | ▲ 28.1% |
| Profit (loss) for the period before taxes9903 | €75k | €52k | €58k | €89k | €78k | ▼ 12.0% |
| Income taxes67/77 | €21k | €17k | €14k | €24k | €21k | ▼ 14.5% |
| Profit (loss) for the period9904 | €54k | €35k | €44k | €65k | €57k | ▼ 11.1% |
| Profit (loss) for the period to be appropriated9905 | €54k | €35k | €44k | €65k | €57k | ▼ 11.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €258k | €278k | €323k | €388k | €441k | ▲ 13.5% |
| Fixed assets21/28 | €8k | €6k | €3k | €1k | €710 | ▼ 46.2% |
| Tangible fixed assets22/27 | €8k | €6k | €3k | €1k | €710 | ▼ 46.2% |
| Plant, machinery and equipment23 | - | €5k | €3k | €1k | €561 | ▼ 47.9% |
| Furniture and vehicles24 | - | €432 | €337 | €243 | €149 | ▼ 38.8% |
| Current assets29/58 | €250k | €272k | €320k | €387k | €440k | ▲ 13.7% |
| Stocks and contracts in progress3 | €751 | €751 | €375 | €375 | - | - |
| Stocks30/36 | - | €751 | €375 | €375 | - | - |
| Amounts receivable within one year40/41 | €43k | €28k | €41k | €52k | €51k | ▼ 2.3% |
| Trade receivables40 | - | €27k | €36k | €48k | €50k | ▲ 4.8% |
| Other amounts receivable41 | - | €953 | €5k | €5k | €1k | ▼ 74.9% |
| Cash at bank and in hand54/58 | €205k | €242k | €277k | €332k | €386k | ▲ 16.2% |
| Deferred charges and accrued income490/1 | - | €1k | €2k | €2k | €3k | ▲ 23.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €258k | €278k | €323k | €388k | €441k | ▲ 13.5% |
| Equity10/15 | €224k | €260k | €304k | €369k | €276k | ▼ 25.2% |
| Contributions10/11 | €19k | €19k | €19k | €20k | €20k | = |
| Capital10 | - | €19k | €19k | - | - | - |
| Issued capital100 | - | €19k | €19k | - | - | - |
| Reserves13 | €130k | €165k | €209k | €271k | €255k | ▼ 6.2% |
| Non-distributable reserves130/1 | - | €2k | €2k | - | - | - |
| Legal reserve130 | - | €2k | €2k | - | - | - |
| Distributable reserves133 | - | €163k | €207k | €271k | €255k | ▼ 6.2% |
| Profit (loss) carried forward14 | €76k | €76k | €77k | €77k | €704 | ▼ 99.1% |
| Amounts payable17/49 | €33k | €18k | €19k | €20k | €165k | ▲ 729% |
| Amounts payable within one year42/48 | €33k | €18k | €19k | €20k | €165k | ▲ 729% |
| Current portion of amounts payable after more than one year42 | - | €3k | €3k | €5k | - | - |
| Trade debts44 | €15k | €3k | €5k | €6k | €5k | ▼ 4.6% |
| Suppliers440/4 | - | €3k | €5k | €6k | €5k | ▼ 4.6% |
| Taxes, remuneration and social security45 | - | €12k | €11k | €9k | €9k | ▲ 2.4% |
| Taxes450/3 | - | €9k | €8k | €9k | €7k | ▼ 29.7% |
| Remuneration and social security454/9 | - | €3k | €3k | - | €3k | - |
| Other amounts payable47/48 | - | - | - | - | €150k | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €54k | €35k | €44k | €65k | €57k | ▼ 11.1% |
| + Depreciation and write-downs630 | €5k | €3k | €3k | €3k | €610 | ▼ 77.9% |
| Operating cash flow (approximation) | €59k | €38k | €47k | €67k | €58k | ▼ 13.8% |
| Investment in fixed assets (approximation) | - | €-471 | €0 | €-1k | €0 | ▲ 100% |
| Change in cash | - | €37k | €35k | €55k | €54k | ▼ 1.9% |
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
2025
22-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
04-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
31-03
Financial
Highest result since 2019net €65k ▲45.9%
Operating result €90k, net result €65k, both a record.
2023
12-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
26-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
27-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
31-03
Financial
Equity above €200kEq €224k ▲31.4%
3 profitable years in a row build equity to €224k.
2020
16-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 16 days late
31-03
Financial
Equity above €150kEq €171k ▲40.7%
2 profitable years in a row build equity to €171k.
2019
24-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
18-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
02-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
14-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 acts for this company are 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, Leuven · 1 establishment unit since 1987
Ground area
308 m²
Building footprint
73 m²
Volume, LiDAR
523 m³
Parcel 24483E0057/00T003, Flanders · tallest building 10.1 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Cobald
since 19872.030.875.736
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24483E0057/00T003 | Flanders | 308 m² | 1 · 73 m² | 10.1 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.
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Of 1,743 companies in sector 46150 we hold annual accounts for 758. 509 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
Founded24-05-1987
Fiscal year end31-03
Activities, NACEBEL 2025
46150Agents in the wholesale of furniture, household goods and hardware
Scores and ratios are computed by Checked and are not a credit decision.