COBALT PARTNERS

Active

Private limited companyfounded 20206 yrs activeBredabaan 859, 2930 Brasschaat, BelgiumKBO/BCE: BE 0743.675.244

Summary

COBALT PARTNERS has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (€-626k) and a net result of €-490k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 9% of 19357 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.1% (low).

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Checked score

Score 2024

24 / 100

Critical

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability0▼-28

Solvency1▼-19

Growth32=

Track record100

Bankruptcy probability, 12 months

1.1% Low

0%0.5%1.5%4%10%≥ 25%

No credit on open account

Liquidity tight (current ratio 1.07 against 1.31 in 2023; short-term debt: 93.3% and cash: 0% of total assets), and equity is negative.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Five signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Lower-failure-rate sector

In this sector companies fail less often than the Belgian average.

Gazette · bankruptcies per sector, NACE 68

Relative position

BE, all sectors

reference

Sector 68

lower

← fewer bankruptcies more bankruptcies →

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 2024

Solvency, return and age of the figures

Solvency

-24.3%

Return on assets

-19.1%

Age of the figures

21 mo

Negative equity

The 2024 annual accounts show negative equity and a net loss.

NBB · annual accounts 2024

Equity per financial year

2021222324

2020 to 2024 · latest year €-626k

Filed more than 90 days late

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 18-11-2025, 110 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.

NBB · 5 filings

Deviation from the deadline

2025

not confirmed

2024

110 d late

2023

265 d late

2022

79 d late

2021

61 d late

2020

31 d late

← before the deadline after the deadline →

Checked, nothing found (1)

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Equity

€-626k▼ 361%

2023 · €-136k

2020: €20k 2021: €2k 2022: €-37k 2023: €-136k

2020 → 2024

Total assets

€2.57M=

2023 · €2.57M

2020: €2.46M 2021: €2.46M 2022: €2.59M 2023: €2.57M

2020 → 2024

Net result

€-490k▼ 399%

2023 · €-98k

2020: €15 2021: €-18k 2022: €-39k 2023: €-98k

2020 → 2024

Working capital

€173k▼ 71.7%

2023 · €611k

2020: €756k 2021: €730k 2022: €707k 2023: €611k

2020 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€20k-€2k▼ 91.5%€-37k€-136k▼ 263%€-626k▼ 361%

Operating result€22k-€10k▼ 54.8%€-6k€-8k▼ 48.7%€-187k▼ 2,158%

Net result€15-€-18k€-39k▼ 114%€-98k▼ 151%€-490k▼ 399%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result stays negative: a loss of €187k in 2024 against €8k in 2023; the loss grows and 2024 has the lowest result in the available series.

Key figures and ratios

2024 value · change against 2023

Solvency

-24.3%▼

2023 · -5.3%

Current ratio

1.07▼

2023 · 1.31

Quick ratio

0.01▼

2023 · 0.01

Debt to equity

-5.11▲

2023 · -19.94

ROA

-19.1%▼

2023 · -3.8%

Debt

€3.20M▲

2023 · €2.71M

Debt ≤ 1 year

€2.40M▲

2023 · €1.96M

Debt > 1 year

€718k=

2023 · €718k

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 · 2024 against 2023 · 35 lines

Balance sheet Code20232024

Assets

Total assets20/58€2.57M€2.57M=

Current assets29/58€2.57M€2.57M=

Stocks and contracts in progress3€2.56M€2.56M=

Stocks30/36€2.56M€2.56M=

Amounts receivable within one year40/41€14k€14k▼

Trade receivables40€10k€10k=

Other amounts receivable41€4k€4k▼

Cash at bank and in hand54/58-€19

Deferred charges and accrued income490/1-€1k

Equity and liabilities

Total equity and liabilities10/49€2.57M€2.57M=

Equity10/15€-136k€-626k▼

Contributions10/11€20k€20k=

Profit (loss) carried forward14€-156k€-646k▼

Amounts payable17/49€2.71M€3.20M▲

Amounts payable after more than one year17€718k€718k=

Financial debts170/4€718k€718k=

Amounts payable within one year42/48€1.96M€2.40M▲

Financial debts43€1.75M€2.02M▲

Credit institutions430/8€1.75M€2.02M▲

Trade debts44€190k€351k▲

Suppliers440/4€190k€351k▲

Other amounts payable47/48€21k€26k▲

Accrued charges and deferred income492/3€28k€81k▲

Income statement Code20232024

Other operating charges640/8€17k€179k▲

Gross operating margin9900€8k€-8k▼

Operating profit (loss)9901€-8k€-187k▼

Financial income75/76B-€85

Recurring financial income75-€85

Financial charges65/66B€90k€303k▲

Recurring financial charges65€90k€303k▲

Profit (loss) for the period before taxes9903€-98k€-490k▼

Profit (loss) for the period9904€-98k€-490k▼

Profit (loss) for the period to be appropriated9905€-98k€-490k▼

Appropriation of the result

Profit (loss) to be appropriated9906€-156k€-646k▼

Profit (loss) brought forward from the previous period14P€-57k€-156k▼

The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 6Financial 1Filings 5

2025

18-11

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 110 days late

22-04

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 265 days late

2024

31-12

Financial Weakest financial yearnet €-490k

Net result drops to €-490k, the lowest in the series.

2023

18-10

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 79 days late

2022

30-09

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 61 days late

2021

31-08

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 31 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

1 act for this company is 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, Brasschaat · 1 establishment unit since 2020

establishment The establishment unit on the map

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.

Bredabaan 8592930 Brasschaat

Ground area

2,624 m²

Building footprint

588 m²

Parcel 11008H0250/00S000, Flanders. Linked by address, not a title deed.

1 establishment unit

COBALT PARTNERS

Bredabaan 859, 2930 BrasschaatReal estate development

since 20202.300.637.684

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
11008H0250/00S000	Flanders	2,624 m²	1 · 588 m²	-

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.

Similar companies · same sector, comparable size

LES FRITERIES ENTRE NOUS

Schaarbeek · Eq €1,816

Of 9,140 companies in sector 68201 we hold annual accounts for 6,769. 552 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded14-02-2020

Fiscal year end31-12

Activities, NACEBEL 2025

68201Renting and operating of own or leased residential real estate, excluding social housing

68203Renting and operating of own or leased non-residential real estate, excluding land

Sources

Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers

Scores and ratios are computed by Checked and are not a credit decision.