Financials
- Fiscal year
- 2025
- Total assets
- €502,404
- Loss
- -€177,635
- Solvency
- 25.4%
Total assets▼ 31.2%
Net result
20192025
COBALT B2B
ActiveSummary
The annual accounts of COBALT B2B for fiscal year 2025 show a net loss of 58% of the equity at the start of that year. The 2025 annual accounts show equity of €127,602 and a net result of -€177,635. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 37% of 11293 sector peers (fiscal year 2025). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.8% (low).
Overview
What they do
Retail sale of motor vehicle parts and accessories
NACE 47820NACE 45320
1 site
How big
€502,404total assets 2025
- Equity
- €127,602
- Loss
- -€177,635
Turnover not published (abridged schema)
Who decides
- Largest shareholder
- Aviothic · 50%
Accounts on time1 of 6 deeds read
Why 53Capped at 59: a net loss of at least half of total assets or of the equity at the start of the financial year- Loss of €177,635, the second in a row (FY 2025)- Sector Retail trade (NACE 47)+ Size: total assets €502,404+ Figures for FY 2025 (filed 30-04-2026)Show the evidence
Checked score
Score 2025
53
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 19% of its sector peers (NACE 47, micro)
Performance against the sector, not lower risk
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59. Every signal that weighs is under Signals.
Financial strength · tick = 2024
Weak
Solvency
50-17
equity 25.4% of total assets
Liquidity
22-36
short-term debt 73.8% · cash 9.2%
Profitability
0=
return on assets -35.4%
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
About 8 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 0.2%
12-2024: 0.2%▼ -7.1% vs 11-2024lowest value
01-2025: 0.2%▲ +13.6% vs 12-2024
02-2025: 0.2%▲ +9.1% vs 01-2025
03-2025: 0.3%▲ +19.7% vs 02-2025
04-2025: 0.3%▲ +21.6% vs 03-2025
05-2025: 0.4%▲ +12.0% vs 04-2025
06-2025: 0.4%● 0.0% vs 05-2025
07-2025: 0.4%● 0.0% vs 06-2025
08-2025: 0.4%● 0.0% vs 07-2025
09-2025: 0.4%● 0.0% vs 08-2025
10-2025: 0.4%● 0.0% vs 09-2025
11-2025: 0.4%● 0.0% vs 10-2025
12-2025: 0.4%▲ +0.5% vs 11-2025
01-2026: 0.4%▲ +13.9% vs 12-2025
02-2026: 0.4%▼ -2.8% vs 01-2026
03-2026: 0.4%▲ +7.2% vs 02-2026
04-2026: 0.5%▲ +14.9% vs 03-2026
05-2026: 0.8%▲ +52.7% vs 04-2026highest value
06-2026: 0.8%● 0.0% vs 05-2026highest value
07-2026: 0.8%● 0.0% vs 06-2026highest value
08-2026: 0.8%● 0.0% vs 07-2026highest value
09-2026: 0.8%● 0.0% vs 08-2026highest value
10-2026: 0.8%● 0.0% vs 09-2026highest value
- Loss of €177,635, the second in a row (FY 2025) raises the probability
- Size: total assets €502,404 lowers the probability for this profile
- Sector Retail trade (NACE 47) raises the probability
- Figures for FY 2025 (filed 30-04-2026) lowers the probability
Credit up to €6,000 at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity tight (current ratio 1.3 against 1.69 in 2024; short-term debt: 73.8% and cash: 9.2% of total assets), and 74.6% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 47, micro). Better than this share of them on solvency 41%, liquidity 20%, profitability 6%, growth against the median 10%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610020317, computed on 02-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
19202122232425
2019 to 2025 · latest year -€177,635
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 30-04-2026, 0 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
on the day
2024
on the day
2023
7 d early
2022
44 d early
2021
1 d early
2020
1 d early
2019
on the day
← 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 8 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 29 April (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 close02-10-2026 today30-04-2027 deadline
- Resignation: BV LHOMAX (non-statutory director)Permanent representatives: David Lhoir and…
- Annual accounts filedfiscal year 2025 · abbreviated…
- Annual accounts filedfiscal year 2024 · abbreviated…
Key points
- Risk: 3 loss-making years in a rowloss fiscal year 2025 -€177,635 View
- Caution: Among the weakest 5% on net resultsector median €28,692 · 11,279 companies -€177,635 View
- Caution: Equity fell in 2025from €305,237 to €127,602 ▼ 58.2% View
- Positive: Always filed on timeaccounts within the deadline every year 8 years View
- A director leftlatest change 04-11-2025 · 0 in office 1 left View
By topic
Board & ownership
- Largest shareholder
- Aviothic · 50%
Timeline
- Events
- 16
- Since
- 2018
- Next accounts
- by 30-04-2027
- 21-05-2026Resignation: BV LHOMAX (non-statutory director)
- 30-04-2026Annual accounts filed
- 30-04-2025Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Retail sale of motor vehicle parts and accessoriesNACE 47820
- Founded
- 03-08-2016
- Year ends
- 30-09
- Peppol
- Reachable for e-invoices
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