COBATEC
ActiveSummary
The annual accounts of COBATEC for fiscal year 2025 show a net loss of 82% of the equity at the start of that year. The 2025 annual accounts show equity of €36,267 and a net result of -€161,465. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 9% of 7930 sector peers (fiscal year 2025). The company has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability1=
Solvency28▼-13
Growth52=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 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 1.32 against 1.6 in 2024; short-term debt: 52.1% and cash: 8.9% of total assets), and 96.9% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Seven 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 · 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 2025Solvency, return and age of the figures
Solvency
3.1%
Return on assets
-13.9%
Age of the figures
9 mo
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 -€161,465
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 9% of 7930 sector peers (2025).
NBB · sector comparisonPosition among 7930 sector peers
Solvency
better than 9%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 03-09-2026, 34 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
34 d late
2024
61 d late
2023
12 d late
2022
158 d late
2021
60 d early
2020
64 d early
2019
78 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 9 days after 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.
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Turnover
€1.5m
EBIT margin
-24.4%
Net result
-€161,465▲ 11.0%
2024 · -€181,460
Working capital
€192,692▼ 37.7%
2024 · €309,082
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€1.5m
Operating result€27,262▼ 36.2%€139,074▲ 410%-€371,668-€138,810▲ 62.7%-€126,693▲ 8.7%
Net result€28,140within the sector's middle half▼ 32.8%€77,494within the sector's middle half▲ 175%-€382,776below the sector's middle half-€181,460below the sector's middle half▲ 52.6%-€161,465below the sector's middle half▲ 11.0%
EBIT margin-24.4%
Equity€85,550within the sector's middle half▲ 29.8%€163,045within the sector's middle half▲ 90.6%-€220,808below the sector's middle half€197,732within the sector's middle half€36,267below the sector's middle half▼ 81.7%
Total assets€800,037within the sector's middle half▲ 88.5%€1.2mwithin the sector's middle half▲ 44.9%€1.2mwithin the sector's middle half▲ 3.2%€1.3mwithin the sector's middle half▲ 5.0%€1.2mwithin the sector's middle half▼ 7.7%
Debt€714,486▲ 99.3%€996,533▲ 39.5%€1.4m▲ 42.3%€1.1m▼ 25.3%€1.1m▲ 6.1%
Working capital€50,595within the sector's middle half▼ 57.4%€24,191within the sector's middle half▼ 52.2%-€131,850below the sector's middle half€309,082within the sector's middle half€192,692within the sector's middle half▼ 37.7%
Solvency10.7%below the sector's middle half▼ 4.8pp14.1%below the sector's middle half▲ 3.4pp-18.4%below the sector's middle half▼ 32.5pp15.7%below the sector's middle half▲ 34.2pp3.1%below the sector's middle half▼ 12.6pp
Current ratio1.22within the sector's middle half▼ 0.631.04below the sector's middle half▼ 0.180.84below the sector's middle half▼ 0.201.60within the sector's middle half▲ 0.771.32within the sector's middle half▼ 0.29
Return on assets (ROA)3.5%within the sector's middle half▼ 6.3pp6.7%within the sector's middle half▲ 3.2pp-32.0%below the sector's middle half▼ 38.7pp-14.4%below the sector's middle half▲ 17.5pp-13.9%below the sector's middle half▲ 0.5pp
Staff (FTE)5within the sector's middle half▲ 16.3%7.3within the sector's middle half▲ 46.0%15.7within the sector's middle half▲ 115%7within the sector's middle half▼ 55.4%8.4within the sector's middle half▲ 20.0%
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.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €126,693 in 2025 against €138,810 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.2m
Fixed assets
€362,715 ▼ 16.9%
Current assets
€797,915 ▼ 2.8%
Equity and liabilities €1.2m
Equity
€36,267 ▼ 81.7%
Debt
€1.1m ▲ 6.1%
Debt's share of the balance-sheet total rises from 84.3% to 96.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€53,187▲
2024 · -€59,807
Cash flow
-€87,959▲
2024 · -€102,457
Quick ratio
1.15▼
2024 · 1.43
Debt to equity
31.00▲
2024 · 5.36
ROE
-445.2%▼
2024 · -91.8%
Interest coverage
-1.31▲
2024 · -1.40
Debt ≤ 1 year
€605,223▲
2024 · €511,881
Debt > 1 year
€513,420▼
2024 · €547,234
Income taxes
€945▼
2024 · €10,000
Staff costs
€534,500▼
2024 · €608,046
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 644 companies that looked in July 2024 the way this one looks now, 3.0% went bankrupt within 24 months and 90% are still going.
- Micro
- 10 to 20 years old
- solvency under 10%
- a loss of 10% of the balance sheet or more
3.0%
went bankrupt
5.4%
stopped otherwise
90%
still going
A further 2.0% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.1% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 644 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 |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | €1.5m | - | - | - |
| Non-recurring operating income76A | €10,812 | - | - | €21,141 | €50,307 | ▲ 138% |
| Goods, raw materials, services and sundry goods60/61 | - | - | €861,007 | - | - | - |
| Remuneration, social security and pensions62 | €203,990 | €352,528 | €1.0m | €608,046 | €534,500 | ▼ 12.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €56,841 | €57,051 | €68,634 | €79,003 | €73,506 | ▼ 7.0% |
| Other operating charges640/8 | €1,080 | €1,279 | €4,230 | €4,506 | €8,382 | ▲ 86.0% |
| Non-recurring operating charges66A | €10,284 | €15 | - | €13,948 | €3,644 | ▼ 73.9% |
| Gross operating margin9900 | €299,456 | €549,947 | €720,775 | €566,693 | €493,338 | ▼ 12.9% |
| Operating profit (loss)9901 | €27,262 | €139,074 | -€371,668 | -€138,810 | -€126,693 | ▲ 8.7% |
| Financial income75/76B | €18,892 | €313 | €2,367 | €10,013 | €6,751 | ▼ 32.6% |
| Recurring financial income75 | €18,892 | €313 | €2,367 | €10,013 | €6,751 | ▼ 32.6% |
| Financial charges65/66B | €17,688 | €21,893 | €33,373 | €42,663 | €40,578 | ▼ 4.9% |
| Recurring financial charges65 | €17,688 | €14,535 | €32,773 | €42,663 | €40,578 | ▼ 4.9% |
| Non-recurring financial charges66B | €0 | €7,357 | €600 | - | - | - |
| Profit (loss) for the period before taxes9903 | €28,466 | €117,494 | -€402,674 | -€171,460 | -€160,520 | ▲ 6.4% |
| Income taxes67/77 | €326 | €40,000 | -€19,898 | €10,000 | €945 | ▼ 90.5% |
| Profit (loss) for the period9904 | €28,140 | €77,494 | -€382,776 | -€181,460 | -€161,465 | ▲ 11.0% |
| Profit (loss) for the period to be appropriated9905 | €28,140 | €77,494 | -€382,776 | -€181,460 | -€161,465 | ▲ 11.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €800,037 | €1.2m | €1.2m | €1.3m | €1.2m | ▼ 7.7% |
| Fixed assets21/28 | €521,275 | €491,443 | €511,911 | €436,221 | €362,715 | ▼ 16.9% |
| Intangible fixed assets21 | - | €20,477 | €26,921 | €17,262 | €7,231 | ▼ 58.1% |
| Tangible fixed assets22/27 | €521,275 | €470,966 | €484,990 | €418,959 | €355,484 | ▼ 15.2% |
| Land and buildings22 | €467,691 | €423,691 | €382,428 | €338,140 | €293,877 | ▼ 13.1% |
| Plant, machinery and equipment23 | €1,468 | €3,592 | €3,621 | €2,453 | €1,484 | ▼ 39.5% |
| Furniture and vehicles24 | €52,116 | €43,683 | €98,941 | €78,366 | €60,123 | ▼ 23.3% |
| Current assets29/58 | €278,762 | €668,135 | €684,890 | €820,963 | €797,915 | ▼ 2.8% |
| Stocks and contracts in progress3 | €48,183 | €133,979 | €185,004 | €91,132 | €99,708 | ▲ 9.4% |
| Stocks30/36 | €48,183 | €133,979 | €185,004 | €91,132 | €99,708 | ▲ 9.4% |
| Amounts receivable within one year40/41 | €155,957 | €389,665 | €397,232 | €622,581 | €585,963 | ▼ 5.9% |
| Trade receivables40 | €116,823 | €359,511 | €354,642 | €594,486 | €551,964 | ▼ 7.2% |
| Other amounts receivable41 | €39,133 | €30,154 | €42,590 | €28,095 | €34,000 | ▲ 21.0% |
| Cash at bank and in hand54/58 | €72,603 | €141,403 | €97,881 | €75,088 | €103,231 | ▲ 37.5% |
| Deferred charges and accrued income490/1 | €2,019 | €3,088 | €4,773 | €32,162 | €9,013 | ▼ 72.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €800,037 | €1.2m | €1.2m | €1.3m | €1.2m | ▼ 7.7% |
| Equity10/15 | €85,550 | €163,045 | -€220,808 | €197,732 | €36,267 | ▼ 81.7% |
| Contributions10/11 | €14,010 | €14,010 | €14,010 | €614,010 | €614,010 | = |
| Outside capital11 | - | €14,010 | - | - | - | - |
| Other1109/19 | - | €14,010 | - | - | - | - |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €68,603 | €146,098 | -€236,678 | -€418,138 | -€579,603 | ▼ 38.6% |
| Investment grants15 | €1,077 | €1,077 | €0 | - | - | - |
| Amounts payable17/49 | €714,486 | €996,533 | €1.4m | €1.1m | €1.1m | ▲ 6.1% |
| Amounts payable after more than one year17 | €483,547 | €352,590 | €580,230 | €547,234 | €513,420 | ▼ 6.2% |
| Financial debts170/4 | €483,547 | €352,590 | €580,230 | €547,234 | €513,420 | ▼ 6.2% |
| Amounts payable within one year42/48 | €228,167 | €643,943 | €816,739 | €511,881 | €605,223 | ▲ 18.2% |
| Current portion of amounts payable after more than one year42 | €28,408 | €35,298 | €178,001 | €154,653 | €53,258 | ▼ 65.6% |
| Trade debts44 | €183,310 | €268,342 | €192,647 | €113,909 | €146,077 | ▲ 28.2% |
| Suppliers440/4 | €183,310 | €268,342 | €192,647 | €113,909 | €146,077 | ▲ 28.2% |
| Taxes, remuneration and social security45 | €8,453 | €40,303 | €150,491 | €114,132 | €41,124 | ▼ 64.0% |
| Taxes450/3 | €104 | €39,986 | €35,330 | €23,154 | €19,943 | ▼ 13.9% |
| Remuneration and social security454/9 | €8,349 | €317 | €115,161 | €90,978 | €21,182 | ▼ 76.7% |
| Other amounts payable47/48 | €7,996 | €300,000 | €295,600 | €129,187 | €364,764 | ▲ 182% |
| Accrued charges and deferred income492/3 | €2,772 | - | €20,639 | €337 | €5,720 | ▲ 1,597% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €28,140 | €77,494 | -€382,776 | -€181,460 | -€161,465 | ▲ 11.0% |
| + Depreciation and write-downs630 | €56,841 | €57,051 | €68,634 | €79,003 | €73,506 | ▼ 7.0% |
| Operating cash flow (approximation) | €84,981 | €134,545 | -€314,142 | -€102,457 | -€87,959 | ▲ 14.2% |
| Investment in fixed assets (approximation) | - | -€27,219 | -€89,102 | -€3,313 | -€0 | ▲ 100.0% |
| Change in cash | - | €68,800 | -€43,522 | -€22,793 | €28,143 | ▲ 223% |
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
03-09
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 34 days late
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 61 days late
2024
31-12
Financial
Equity above €150,000Eq €197,732
Equity rises from -€220,808 to €197,732.
12-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 12 days late
05-01
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 158 days late
2023
31-12
Financial
Weakest financial yearnet -€382,776
Net result drops to -€382,776, the lowest in the series; recovery starts the following year.
2022
31-12
Financial
Highest result since 2018net €77,494 ▲175%
Operating result €139,074, net result €77,494, both a record.
31-12
Financial
Equity above €150,000Eq €163,045 ▲90.6%
4 profitable years in a row build equity to €163,045.
01-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
28-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
14-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €21,338
Net result €21,338 after one loss-making year.
Show earlier events
29-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
28-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
Financial milestoneNBB 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, La Louvière · 1 establishment unit since 2011
Ground area
188 m²
Building footprint
115 m²
Parcel 55020C0140/02A009, Wallonia. Linked by address, not a title deed.
1 establishment unit
COBATEC
since 20112.203.115.072
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 55020C0140/02A009 | Wallonia | 188 m² | 1 · 115 m² | - |
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.
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Of 22,831 companies in sector 43211 we hold annual accounts for 10,335. 8,225 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
Founded06-10-2011
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
Contact
Website
www.cobatec.beLa Louvière
E-mail
romina.mangione@cobatec.beLa Louvière
Phone
0498-194190La Louvière
E-invoicing
Reachable via Peppol
Peppol ID
0208:0840029502
Registered
27-03-2026
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.