Active BE 0461.215.501Public limited company

COBARDI

Rue de la Sidérurgie 2 ·6031 Charleroi, Belgium· 29 yrs active

Sector: Algemene bouw van residentiële gebouwen (41001)

Conclusion Checked

The KBO register records legal situation 050 for COBARDI (Register: open bankruptcy); this is today's state according to the register itself, which carries no start date. The 2019 annual accounts show negative equity (€-266k) and a net result of €-431k.

Based on the State Gazette, CBE and 2 annual accounts.

Key figures

Equity	€-266k
Net result	€-431k
Staff (FTE)	59.7
Active	29 yrs

Snowflake analysis 5 of 5 axes measured · computed by Checked

21 / 100

Fragile profile, watch health in particular.

All 5 axes are computed from data Checked has read.

Health 0

Profitability 35

Solvency 38

Growth 32

Stability 0

Bankruptcy probability (12 mo) Checked model v1 · free

Bankruptcy opened

A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.

Risk Assessment rule-based

0 / 100

Low riskRegister: open bankruptcy

This score counts publications in the Belgian State Gazette only. The KBO register additionally records legal situation 050 for this company; it does not feed the figure above.

Trust signals 1 signals

Register: open bankruptcy

The KBO register records legal situation 050 for this company. This is today's state according to the register itself; the register carries no start date.

Administrative Flags 0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Health barometer FY 2019 · computed

0 / 100 Critical

050100

Computed from 6 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

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Computed by Checked from the NBB filing for FY 2019 and the legal situation the KBO register itself records. Indicative, not credit advice.

Financial overview10 NBB filings

Annual accounts filed on 09-09-2020 with the NBB · fiscal year 2019 · volledig

RevenueOperating resultNet result

Revenue

€10.91M

- 18-19

EBITDA

€-842k

+59.2% 18-19

Net profit

€-431k

- 18-19

Cash flow

€-279k

- 18-19

Total assets

€3.78M

-44.1% 18-19

Equity

€-266k

- 18-19

Working capital

€-1.22M

-712.8% 18-19

Employees (FTE)

60

-22.6% 18-19

Income taxes

€5k

+123.4% 18-19

Debt

€4.04M

-32.9% 18-19

Debt ≤ 1y

€3.99M

-33.0% 18-19

Debt > 1y

€52k

-29.4% 18-19

Current ratio

0.70

-28.7% 18-19

Quick ratio

0.70

-28.7% 18-19

Solvency

-7.0%

- 18-19

Debt / equity

-0.20

- 18-19

ROE

162.0%

+110.9% 18-19

ROA

-11.4%

- 18-19

Net margin

-3.9%

- 18-19

EBITDA margin

-7.7%

- 18-19

Interest coverage

-34.18

- 18-19

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2019
Deposit	volledig
Revenue	€10.91M
EBITDA	€-842k
Net profit	€-431k
Cash flow	€-279k
Staff costs	-
Income taxes	€5k
Dividends	-
Total assets	€3.78M
Equity	€-266k
Debt	€4.04M
of which ≤ 1y	€3.99M
of which > 1y	€52k
Working capital	€-1.22M
Employees (FTE)	59.7

Ratios (computed)

	2019
Current ratio	0.70
Quick ratio	0.70
Working capital ratio	-32.2%
Solvency	-7.0%
Debt / equity	-0.20
Long-term debt ratio	-0.20
Interest coverage	-34.18
Gross margin	-
Net margin	-3.9%
ROA	-11.4%
ROE	162.0%
EBITDA margin	-7.7%
Days sales outstanding	67d
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2019

Assets

Fixed assets €655k · 19.1% Current assets €2.78M · 80.9%

Full annual accounts

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2019
Balance sheet, Assets
TOTAL ASSETS	20/58	€3.78M
Fixed assets	21/28	€655k
Formation expenses	20	€349k
Intangible fixed assets	21	€7k
Tangible fixed assets	22/27	€279k
Financial fixed assets	28	€370k
Current assets	29/58	€2.78M
Amounts receivable within one year	40/41	€2.00M
Cash & bank	54/58	€688k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€3.78M
Equity	10/15	€-266k
Contributions / capital	10/11	€111k
Reserves	13	€40k
Accumulated profits (losses)	14	€-431k
Amounts payable	17/49	€4.04M
Amounts payable after one year	17	€52k
Amounts payable within one year	42/48	€3.99M
Trade debts payable within one year	44	€3.05M
Income statement
Turnover	70	€10.91M
Operating result	9901	€-994k
Financial income	75	€33k
Financial charges	65	€30k
Result before taxes	9903	€-991k
Income taxes	67/77	€5k
Net result for the period	9904	€-995k
Result to be appropriated	9905	€-995k

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Ratios computed by Checked.

Legal Structure

NACE primary	Algemene bouw van residentiële gebouwen(41001)
Legal form	Public limited company(014)
Incorporation	28-07-1997
Status	Active
Postal code	6031

Establishment units 1 location

COBARDI

Rue de la Sidérurgie 2, 6031 Charleroide vervaardiging van lichtreclames, verlichte aanwijzingsborden, enz.

since 19972.083.417.270

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Wallonia 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
52047B0096/00B008	Wallonia	325 m²	1 · 63 m²	8.5 m · 2 fl.

Methodology

via registered seat: 1

1 of 1 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Updates 10 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2020

09-09-2020