COBALTS
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 27-06-2026 at the NBB all 2 filings
Every figure per financial year
The operating result for 2025 is a profit of €10,186, after a loss of €1,176 in 2024.
Investments
| Item | 2024 | 2025 |
|---|---|---|
| Intangible fixed assets | €1,057 | - |
| Depreciation and write-downs of the year | €443 | €211 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Turnover70 | - | €177,254 | - |
| Goods, raw materials, services and sundry goods60/61 | €732 | €166,060 | ▲ 227× |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €443 | €211 | ▼ 52.3% |
| Other operating charges640/8 | - | €797 | - |
| Gross operating margin9900 | -€732 | €11,194 | - |
| Operating profit (loss)9901 | -€1,176 | €10,186 | - |
| Financial charges65/66B | €48 | €2,377 | ▲ 50× |
| Recurring financial charges65 | €48 | €2,377 | ▲ 50× |
| Profit (loss) for the period before taxes9903 | -€1,223 | €7,809 | - |
| Profit (loss) for the period9904 | -€1,223 | €7,809 | - |
| Profit (loss) for the period to be appropriated9905 | -€1,223 | €7,809 | - |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €5,355 | €30,754 | ▲ 474% |
| Fixed assets21/28 | €614 | €402 | ▼ 34.5% |
| Intangible fixed assets21 | €614 | €402 | ▼ 34.5% |
| Current assets29/58 | €4,741 | €30,351 | ▲ 540% |
| Amounts receivable within one year40/41 | €1,600 | €9,350 | ▲ 484% |
| Trade receivables40 | €1,600 | €9,350 | ▲ 484% |
| Cash at bank and in hand54/58 | €3,141 | €20,895 | ▲ 565% |
| Deferred charges and accrued income490/1 | - | €107 | - |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €5,355 | €30,754 | ▲ 474% |
| Equity10/15 | €3,777 | €11,586 | ▲ 207% |
| Contributions10/11 | €5,000 | €5,000 | = |
| Profit (loss) carried forward14 | -€1,223 | €6,586 | - |
| Amounts payable17/49 | €1,578 | €19,168 | ▲ 12× |
| Amounts payable after more than one year17 | - | €9,447 | - |
| Financial debts170/4 | - | €9,447 | - |
| Amounts payable within one year42/48 | €1,578 | €9,720 | ▲ 516% |
| Current portion of amounts payable after more than one year42 | - | €8,463 | - |
| Trade debts44 | €1,378 | €1,049 | ▼ 23.9% |
| Suppliers440/4 | €1,378 | €1,049 | ▼ 23.9% |
| Taxes, remuneration and social security45 | - | €8 | - |
| Taxes450/3 | - | €8 | - |
| Other amounts payable47/48 | €200 | €200 | = |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€1,223 | €7,809 | - |
| + Depreciation and write-downs630 | €443 | €211 | ▼ 52.3% |
| Operating cash flow (approximation) | -€780 | €8,020 | - |
| Investment in fixed assets (approximation) | - | €0 | - |
| Change in cash | - | €17,754 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 39,278 companies had the same profile as COBALTS has now. Two years later, 95.9% were still going and 1.8% had gone bankrupt.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
That fits the bankruptcy probability of COBALTS itself: 1.1% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 39,278 companies, not a prediction for COBALTS. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.