COBALD
ActiveCOBALD 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 11297 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
85
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
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 advice for your own amount and term
Signals
Six 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
Sector 46
higher
← 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 →
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 close22-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, micro schema
Equity
€276k▼ 25.2%
2024 · €369k
2019: €121k
2020: €171k
2021: €224k
2022: €260k
2023: €304k
2024: €369k
2019 → 2025
Total assets
€441k▲ 13.5%
2024 · €388k
2019: €153k
2020: €205k
2021: €258k
2022: €278k
2023: €323k
2024: €388k
2019 → 2025
Net result
€57k▼ 11.1%
2024 · €65k
2019: €25k
2020: €49k
2021: €54k
2022: €35k
2023: €44k
2024: €65k
2019 → 2025
Working capital
€275k▼ 25.1%
2024 · €367k
2019: €115k
2020: €160k
2021: €217k
2022: €254k
2023: €301k
2024: €367k
2019 → 2025
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%
Operating result€75k-€52k▼ 30.4%€59k▲ 12.3%€90k▲ 53.1%€80k▼ 11.4%
Net result€54k-€35k▼ 34.1%€44k▲ 25.1%€65k▲ 45.9%€57k▼ 11.1%
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%
The debt ratio 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
Solvency
62.6%▼
2024 · 94.9%
Current ratio
2.67▼
2024 · 19.46
Quick ratio
2.67▼
2024 · 19.44
Debt / 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
€165k▲
2024 · €20k
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 / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
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.
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.
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
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.
Spaarstraat 613010 LeuvenGround 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
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.
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KENNIS D. MEUBLES
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Of 1,745 companies in sector 46150 we hold annual accounts for 757. 506 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded24-05-1987
Fiscal year end31-03
Activities, NACEBEL
46150Agents in the wholesale of furniture, household goods and hardware
51150
Sources
Crossroads Bank for EnterprisesNational Bank · 38 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.