COBAT CONSTRUCTIONS
ActiveSummary
COBAT CONSTRUCTIONS has been active since 1985 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €324,085 and a net result of -€18,972. Equity is growing by ~6.7% per year across the filed fiscal years. Its solvency ranks better than 14% of 7940 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability18▲+7
Solvency38▼-4
Growth65=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13,000 at 30 days only on tighter terms
Liquidity tight (current ratio 1.15 against 1.21 in 2024; short-term debt: 87% and cash: 8.8% of total assets), and 87% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · 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
1819202122232425
2018 to 2025 · latest year -€18,972
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 7940 sector peers (2025).
NBB · sector comparisonPosition among 7940 sector peers
Solvency
better than 14%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 17-07-2026, 14 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
14 d early
2024
22 d early
2023
33 d early
2022
46 d early
2021
45 d early
2020
23 d early
2019
22 d early
← 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 29 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 29 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
In the rankings
#1 oldest company in Neufchâteau, Construction sector#5 company by total assets in Neufchâteau, Construction sector#8 company by equity in Neufchâteau, Construction sector
Turnover
€7.9m▲ 0.4%
2019 · €7.8m
EBIT margin
-1.1%▼ 0.7pp
2019 · -0.3%
Net result
-€18,972▲ 84.4%
2024 · -€121,648
Working capital
€323,418▼ 5.5%
2024 · €342,148
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover
Operating result€485,235€1,583▼ 99.7%-€48,246-€119,174▼ 147%-€15,256▲ 87.2%
Net result€483,110above the sector's middle half-€26,303below the sector's middle half-€50,933below the sector's middle half▼ 93.6%-€121,648below the sector's middle half▼ 139%-€18,972below the sector's middle half▲ 84.4%
EBIT margin
Equity€541,941within the sector's middle half▲ 821%€515,638within the sector's middle half▼ 4.9%€464,705within the sector's middle half▼ 9.9%€343,057within the sector's middle half▼ 26.2%€324,085within the sector's middle half▼ 5.5%
Total assets€5.0mabove the sector's middle half▲ 35.0%€3.2mabove the sector's middle half▼ 37.4%€1.5mwithin the sector's middle half▼ 52.0%€2.0mwithin the sector's middle half▲ 29.9%€2.5mabove the sector's middle half▲ 26.7%
Debt€4.5m▲ 22.4%€2.6m▼ 41.4%€1.1m▼ 60.2%€1.6m▲ 54.7%€2.2m▲ 33.5%
Working capital€530,633above the sector's middle half▲ 922%€508,513above the sector's middle half▼ 4.2%€461,470within the sector's middle half▼ 9.3%€342,148within the sector's middle half▼ 25.9%€323,418within the sector's middle half▼ 5.5%
Solvency10.7%below the sector's middle half▲ 9.2pp16.3%below the sector's middle half▲ 5.6pp30.7%within the sector's middle half▲ 14.3pp17.4%below the sector's middle half▼ 13.2pp13.0%below the sector's middle half▼ 4.4pp
Current ratio1.12below the sector's middle half▲ 0.101.19within the sector's middle half▲ 0.071.44within the sector's middle half▲ 0.251.21within the sector's middle half▼ 0.231.15within the sector's middle half▼ 0.06
Return on assets (ROA)9.6%within the sector's middle half▲ 12.6pp-0.8%below the sector's middle half▼ 10.4pp-3.4%below the sector's middle half▼ 2.5pp-6.2%below the sector's middle half▼ 2.8pp-0.8%below the sector's middle half▲ 5.4pp
Staff (FTE)5.6within the sector's middle half▲ 16.7%4.3within the sector's middle half▼ 23.2%3.2below the sector's middle half▼ 25.6%3below the sector's middle half▼ 6.3%2.8within the sector's middle half▼ 6.7%
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Why a figure moved sharply
- 2025 Net result +84% on 2024. The accounts now follow the abbreviated schema, last year the full schema.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €15,256 in 2025 against €119,174 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.5m
Fixed assets
€667 ▼ 26.6%
Current assets
€2.5m ▲ 26.7%
Equity and liabilities €2.5m
Equity
€324,085 ▼ 5.5%
Debt
€2.2m ▲ 33.5%
Debt's share of the balance-sheet total rises from 82.6% to 87.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€15,015▲
2024 · -€116,703
Cash flow
-€18,730▲
2024 · -€119,177
Debt to equity
6.70▲
2024 · 4.74
ROE
-5.9%▲
2024 · -35.5%
Interest coverage
-3.99▲
2024 · -42.38
Debt ≤ 1 year
€2.2m▲
2024 · €1.6m
Income taxes
€0▼
2024 · €0
Staff costs
€199,911▼
2024 · €207,699
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,450 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 10 to 30%
- a small loss
1.5%
went bankrupt
5.0%
stopped otherwise
93%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 2,450 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €34,900 | €3,860 | €70,347 | ▲ 1,722% |
| Remuneration, social security and pensions62 | €305,463 | €232,543 | €220,959 | €207,699 | €199,911 | ▼ 3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11,282 | €7,778 | €6,286 | €2,471 | €242 | ▼ 90.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €10,095 | - | - | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | - | -€10,095 | - |
| Other operating charges640/8 | €9,098 | €2,085 | €1,927 | €1,339 | €10,946 | ▲ 718% |
| Gross operating margin9900 | €811,079 | €243,989 | €191,021 | €92,334 | €185,747 | ▲ 101% |
| Operating profit (loss)9901 | €485,235 | €1,583 | -€48,246 | -€119,174 | -€15,256 | ▲ 87.2% |
| Financial income75/76B | €8,263 | €5,429 | €171 | €280 | €47 | ▼ 83.3% |
| Recurring financial income75 | €8,263 | €5,429 | €171 | €280 | €47 | ▼ 83.3% |
| Financial charges65/66B | €10,379 | €3,315 | €2,857 | €2,754 | €3,762 | ▲ 36.6% |
| Recurring financial charges65 | €10,379 | €3,315 | €2,857 | €2,754 | €3,762 | ▲ 36.6% |
| Profit (loss) for the period before taxes9903 | €483,120 | €3,697 | -€50,932 | -€121,648 | -€18,972 | ▲ 84.4% |
| Income taxes67/77 | €10 | €30,000 | €0 | €0 | €0 | ▼ 16.1% |
| Profit (loss) for the period9904 | €483,110 | -€26,303 | -€50,933 | -€121,648 | -€18,972 | ▲ 84.4% |
| Transfer from tax-exempt reserves789 | €108,500 | €106,800 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €591,610 | €80,497 | -€50,933 | -€121,648 | -€18,972 | ▲ 84.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €5.0m | €3.2m | €1.5m | €2.0m | €2.5m | ▲ 26.7% |
| Fixed assets21/28 | €17,300 | €9,521 | €3,235 | €909 | €667 | ▼ 26.6% |
| Tangible fixed assets22/27 | €17,022 | €9,244 | €2,958 | €632 | €390 | ▼ 38.3% |
| Land and buildings22 | €385 | €193 | - | - | - | - |
| Furniture and vehicles24 | €7,372 | €3,230 | €580 | €632 | €390 | ▼ 38.3% |
| Leasing and similar rights25 | €9,265 | €5,821 | €2,378 | €0 | - | - |
| Financial fixed assets28 | €277 | €277 | €277 | €277 | €277 | = |
| Current assets29/58 | €5.0m | €3.1m | €1.5m | €2.0m | €2.5m | ▲ 26.7% |
| Amounts receivable within one year40/41 | €4.9m | €3.1m | €1.5m | €2.0m | €2.3m | ▲ 16.5% |
| Trade receivables40 | €4.8m | €3.0m | €114,000 | €595,832 | €749,431 | ▲ 25.8% |
| Other amounts receivable41 | €88,637 | €57,717 | €1.4m | €1.4m | €1.5m | ▲ 12.5% |
| Cash at bank and in hand54/58 | €98,215 | €47,676 | €46,918 | €10,984 | €218,493 | ▲ 1,889% |
| Deferred charges and accrued income490/1 | €4,850 | €5,145 | - | €4,385 | €100 | ▼ 97.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €5.0m | €3.2m | €1.5m | €2.0m | €2.5m | ▲ 26.7% |
| Equity10/15 | €541,941 | €515,638 | €464,705 | €343,057 | €324,085 | ▼ 5.5% |
| Contributions10/11 | €45,000 | €45,000 | €45,000 | €49,500 | €49,500 | = |
| Reserves13 | €496,941 | €470,638 | €419,705 | €293,557 | €274,585 | ▼ 6.5% |
| Non-distributable reserves130/1 | €4,500 | €4,500 | €4,500 | - | - | - |
| Reserves not available under the articles1311 | €4,500 | €4,500 | €4,500 | - | - | - |
| Tax-exempt reserves132 | €106,800 | - | - | - | - | - |
| Distributable reserves133 | €385,641 | €466,138 | €415,205 | €293,557 | €274,585 | ▼ 6.5% |
| Amounts payable17/49 | €4.5m | €2.6m | €1.1m | €1.6m | €2.2m | ▲ 33.5% |
| Amounts payable after more than one year17 | €5,992 | €2,397 | - | - | - | - |
| Financial debts170/4 | €5,992 | €2,397 | - | - | - | - |
| Amounts payable within one year42/48 | €4.5m | €2.6m | €1.1m | €1.6m | €2.2m | ▲ 33.5% |
| Current portion of amounts payable after more than one year42 | €4,982 | €3,572 | €2,397 | €0 | - | - |
| Financial debts43 | €3,760 | - | - | - | - | - |
| Credit institutions430/8 | €3,760 | - | - | - | - | - |
| Trade debts44 | €754,439 | €634,604 | €1.0m | €1.6m | €2.2m | ▲ 34.0% |
| Suppliers440/4 | €754,439 | €634,604 | €1.0m | €1.6m | €2.2m | ▲ 34.0% |
| Taxes, remuneration and social security45 | €20,567 | - | €316 | €13,893 | €10,380 | ▼ 25.3% |
| Taxes450/3 | €1,510 | - | - | €591 | - | - |
| Remuneration and social security454/9 | €19,056 | - | €316 | €13,302 | €10,380 | ▼ 22.0% |
| Other amounts payable47/48 | €3.7m | €2.0m | - | €0 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €483,110 | -€26,303 | -€50,933 | -€121,648 | -€18,972 | ▲ 84.4% |
| + Depreciation and write-downs630 | €11,282 | €7,778 | €6,286 | €2,471 | €242 | ▼ 90.2% |
| Operating cash flow (approximation) | €494,392 | -€18,525 | -€44,646 | -€119,177 | -€18,730 | ▲ 84.3% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€145 | -€0 | ▲ 100.0% |
| Change in cash | - | -€50,539 | -€758 | -€35,934 | €207,509 | ▲ 677% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
17-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
09-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
15-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
16-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Back to profitnet €483,110
Net result €483,110 after 3 loss-making years.
31-12
Financial
Equity above €500,000Eq €541,941 ▲821%
Equity rises from €58,831 to €541,941.
08-07
NBB filing
Annual accounts filed
fiscal year 2020 · unclassified schema
2020
09-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 30 days late
2018
31-12
State Gazette act
General meeting · Capital increase
Share issue · Bank account
06-11
State Gazette act
General meeting · Capital increase
Share issue · Bank account
Show earlier events
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 31 days late
08-06
State Gazette act
General meeting · Registered-office move
Capital · Capital increase
2017
09-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
22-02
State Gazette act
General meeting · Capital increase
Share issue · Bank account
2016
12-04
State Gazette act
General meeting · Director appointment
Mandate compensation · Director reappointment
2015
07-12
State Gazette act
General meeting · Capital increase
Capital · Statutes amendment
2014
18-12
State Gazette act
General meeting · Name change
Capital · Corporate purpose
2013
05-02
State Gazette act
General meeting · Director reappointment
Mandate compensation · Permanent representative
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 10 acts read
About the unread acts
We know of 10 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
10 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, Neufchâteau · 1 establishment unit since 1985
Ground area
5,905 m²
Building footprint
553 m²
Volume, LiDAR
4,040 m³
Parcel 84043A0064/00S000, Wallonia · tallest building 8.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Chemin de la Terre Franche, NEU 100, 6840 Neufchâteau
since 19852.028.561.097
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 84043A0064/00S000 | Wallonia | 5,905 m² | 1 · 553 m² | 8.5 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
1 ownerChain of control
- Gofflot Invest
- HABITAT + MANAGEMENT
- COBAT CONSTRUCTIONS
Highest known parent: Gofflot Invest. The sources do not say who stands above it.
Owners 1
-
100%
Holdings 0
The accounts to 31-12-2025 list no holdings, and no other source names one.
According to the 2025 annual accounts of COBAT CONSTRUCTIONS and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
The group is listed under Ownership & control below; here you explore it as a network.
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Ownership & control
1 board mandateBoard mandates of this companythis company sits on their board1
1 location
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Of 8,578 companies in sector 43410 we hold annual accounts for 4,369. 3,273 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded02-12-1985
Fiscal year end31-12
Activities, NACEBEL 2025
43350Other building finishing work
43410Roofing work
41001General construction of residential buildings
E-invoicing
Reachable via Peppol
Peppol ID
0208:0428188187
Also
9925:BE0428188187
Registered
26-03-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.