COBBAUT
ActiveSummary
COBBAUT has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €183,011 and a net result of -€12,086. Equity is shrinking by ~4.8% per year across the filed fiscal years. Its solvency ranks better than 95% of 2601 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability61▼-3
Solvency100=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €15,000 at 30 days acceptable
Liquidity ample (current ratio 42.88 against 43.88 in 2024; short-term debt: 2% and cash: 80.7% of total assets), and 2% 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
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 95
Relative position
BE, all sectors
reference
Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles (NACE 95)
about 19% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 -€12,086
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 12-08-2026, 12 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
12 d late
2024
12 d late
2023
20 d late
2022
22 d late
2021
18 d late
2020
32 d early
2019
36 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 2 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 47% 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 18 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Public money How does this company compare with its sector?Sector benchmark
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€183,011▼ 6.2%
2024 · €195,097
Total assets
€186,681▼ 6.0%
2024 · €198,521
Net result
-€12,086▼ 69.9%
2024 · -€7,113
Working capital
€153,693▲ 4.7%
2024 · €146,816
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 95, Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles, 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
Operating result€45,503▲ 40.7%€24,774▼ 45.6%-€23,804-€926▲ 96.1%-€12,556▼ 1,256%
Net result€45,522above the sector's middle half▲ 67.0%€24,646above the sector's middle half▼ 45.9%-€31,138below the sector's middle half-€7,113below the sector's middle half▲ 77.2%-€12,086below the sector's middle half▼ 69.9%
Equity€238,702above the sector's middle half▲ 23.6%€263,348above the sector's middle half▲ 10.3%€202,210above the sector's middle half▼ 23.2%€195,097above the sector's middle half▼ 3.5%€183,011above the sector's middle half▼ 6.2%
Total assets€247,081within the sector's middle half▲ 23.6%€269,274within the sector's middle half▲ 9.0%€202,408within the sector's middle half▼ 24.8%€198,521within the sector's middle half▼ 1.9%€186,681within the sector's middle half▼ 6.0%
Debt€8,379▲ 24.3%€5,926▼ 29.3%€198▼ 96.7%€3,424▲ 1,629%€3,670▲ 7.2%
Working capital€173,244above the sector's middle half▲ 1.7%€211,823above the sector's middle half▲ 22.3%€134,302above the sector's middle half▼ 36.6%€146,816above the sector's middle half▲ 9.3%€153,693above the sector's middle half▲ 4.7%
Solvency96.6%above the sector's middle half=97.8%above the sector's middle half▲ 1.2pp99.9%above the sector's middle half▲ 2.1pp98.3%above the sector's middle half▼ 1.6pp98.0%above the sector's middle half▼ 0.2pp
Current ratio21.68above the sector's middle half▼ 4.6036.74above the sector's middle half▲ 15.0743.88above the sector's middle half42.88above the sector's middle half▼ 1.00
Return on assets (ROA)18.4%above the sector's middle half▲ 4.8pp9.2%within the sector's middle half▼ 9.3pp-15.4%below the sector's middle half▼ 24.5pp-3.6%below the sector's middle half▲ 11.8pp-6.5%below the sector's middle half▼ 2.9pp
above
within
below
the middle half (P25 to P75) of NACE 95, Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €12,556 in 2025 against €926 in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €186,681
Fixed assets
€29,318 ▼ 39.3%
Current assets
€157,363 ▲ 4.7%
Equity and liabilities €186,681
Equity
€183,011 ▼ 6.2%
Debt
€3,670 ▲ 7.2%
Debt's share of the balance-sheet total rises from 1.7% to 2.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€8,790▼
2024 · €19,320
Cash flow
€9,260▼
2024 · €13,133
Quick ratio
42.81▼
2024 · 43.78
Debt to equity
0.02▲
2024 · 0.02
ROE
-6.6%▼
2024 · -3.6%
Interest coverage
65.60▼
2024 · 145.26
Debt ≤ 1 year
€3,670▲
2024 · €3,424
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 12,321 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 90% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a small loss
0.6%
went bankrupt
8.5%
stopped otherwise
90%
still going
A further 0.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% 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 12,321 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12,970 | €13,933 | €16,617 | €20,246 | €21,346 | ▲ 5.4% |
| Other operating charges640/8 | €3,831 | €3,164 | €2,599 | €2,818 | €2,992 | ▲ 6.2% |
| Gross operating margin9900 | €62,304 | €41,871 | -€4,588 | €22,138 | €11,782 | ▼ 46.8% |
| Operating profit (loss)9901 | €45,503 | €24,774 | -€23,804 | -€926 | -€12,556 | ▼ 1,256% |
| Financial income75/76B | €19 | - | - | €600 | €604 | ▲ 0.7% |
| Recurring financial income75 | €19 | - | - | €600 | €604 | ▲ 0.7% |
| Financial charges65/66B | - | €128 | €129 | €133 | €134 | ▲ 0.8% |
| Recurring financial charges65 | - | €128 | €129 | €133 | €134 | ▲ 0.8% |
| Profit (loss) for the period before taxes9903 | €45,522 | €24,646 | -€23,933 | -€459 | -€12,086 | ▼ 2,533% |
| Income taxes67/77 | - | - | €7,205 | €6,654 | - | - |
| Profit (loss) for the period9904 | €45,522 | €24,646 | -€31,138 | -€7,113 | -€12,086 | ▼ 69.9% |
| Profit (loss) for the period to be appropriated9905 | €45,522 | €24,646 | -€31,138 | -€7,113 | -€12,086 | ▼ 69.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €247,081 | €269,274 | €202,408 | €198,521 | €186,681 | ▼ 6.0% |
| Fixed assets21/28 | €65,458 | €51,525 | €67,908 | €48,281 | €29,318 | ▼ 39.3% |
| Tangible fixed assets22/27 | €65,458 | €51,525 | €67,908 | €48,281 | €29,318 | ▼ 39.3% |
| Plant, machinery and equipment23 | €20,541 | €17,608 | €14,742 | €12,714 | €12,268 | ▼ 3.5% |
| Furniture and vehicles24 | €44,917 | €33,917 | €53,166 | €35,567 | €17,050 | ▼ 52.1% |
| Current assets29/58 | €181,623 | €217,749 | €134,500 | €150,240 | €157,363 | ▲ 4.7% |
| Amounts receivable after more than one year29 | - | €5,000 | €5,000 | - | - | - |
| Trade receivables290 | - | €5,000 | - | - | - | - |
| Other amounts receivable291 | - | - | €5,000 | - | - | - |
| Stocks and contracts in progress3 | €150 | €150 | €150 | €332 | €232 | ▼ 30.1% |
| Stocks30/36 | €150 | €150 | €150 | €332 | €232 | ▼ 30.1% |
| Amounts receivable within one year40/41 | €22,972 | €18,377 | €14,650 | €7,907 | €6,511 | ▼ 17.7% |
| Trade receivables40 | €21,539 | €16,944 | €13,886 | €7,727 | €6,150 | ▼ 20.4% |
| Other amounts receivable41 | €1,433 | €1,433 | €764 | €180 | €361 | ▲ 101% |
| Current investments50/53 | €101,000 | €101,000 | €100,000 | - | - | - |
| Cash at bank and in hand54/58 | €57,501 | €93,222 | €14,700 | €142,001 | €150,620 | ▲ 6.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €247,081 | €269,274 | €202,408 | €198,521 | €186,681 | ▼ 6.0% |
| Equity10/15 | €238,702 | €263,348 | €202,210 | €195,097 | €183,011 | ▼ 6.2% |
| Contributions10/11 | €100,000 | €100,000 | €70,000 | €70,000 | €70,000 | = |
| Capital10 | €100,000 | €100,000 | - | - | - | - |
| Issued capital100 | €100,000 | €100,000 | - | - | - | - |
| Reserves13 | €47,500 | €64,500 | €64,500 | €64,500 | €64,500 | = |
| Non-distributable reserves130/1 | €10,000 | €10,000 | - | - | - | - |
| Legal reserve130 | €10,000 | €10,000 | - | - | - | - |
| Tax-exempt reserves132 | - | - | - | €64,500 | - | - |
| Distributable reserves133 | €37,500 | €54,500 | €64,500 | - | €64,500 | - |
| Profit (loss) carried forward14 | €91,202 | €98,848 | €67,710 | €60,597 | €48,511 | ▼ 19.9% |
| Amounts payable17/49 | €8,379 | €5,926 | €198 | €3,424 | €3,670 | ▲ 7.2% |
| Amounts payable within one year42/48 | €8,379 | €5,926 | €198 | €3,424 | €3,670 | ▲ 7.2% |
| Trade debts44 | €264 | - | €198 | €88 | - | - |
| Suppliers440/4 | €264 | - | €198 | €88 | - | - |
| Taxes, remuneration and social security45 | €8,115 | €5,926 | - | €3,336 | €3,670 | ▲ 10.0% |
| Taxes450/3 | €8,115 | €5,926 | - | €3,336 | €3,670 | ▲ 10.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €45,522 | €24,646 | -€31,138 | -€7,113 | -€12,086 | ▼ 69.9% |
| + Depreciation and write-downs630 | €12,970 | €13,933 | €16,617 | €20,246 | €21,346 | ▲ 5.4% |
| Operating cash flow (approximation) | €58,492 | €38,579 | -€14,521 | €13,133 | €9,260 | ▼ 29.5% |
| Investment in fixed assets (approximation) | - | €0 | -€33,000 | -€619 | -€2,383 | ▼ 285% |
| Change in cash | - | €35,721 | -€78,522 | €127,301 | €8,619 | ▼ 93.2% |
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
02-09
State Gazette act
Permanent representative: Iris CarsauRegistered-office move · Power of attorney3 facts ▸
State Gazette act
Permanent representative: Iris Carsau
Registered-office move · Power of attorney3 facts ▸
- Registered-office move, Churchillsteenweg 87-89 9320 Erembodegem
- Power of attorney
- Permanent representative, Iris Carsau (permanent representative)
12-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 12 days late
2025
12-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 12 days late
2024
20-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 20 days late
2023
31-12
Financial
Weakest financial yearnet -€31,138
Net result drops to -€31,138, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity times 18current ratio 679.29
Current ratio from 36.74 to 679.29; short-term debt falls from €5,926 to €198.
22-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 22 days late
2022
18-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 18 days late
2021
31-12
Financial
Highest result since 2018net €45,522 ▲67%
Operating result €45,503, net result €45,522, both a record.
31-12
Financial
Equity above €200,000Eq €238,702 ▲23.6%
3 profitable years in a row build equity to €238,702.
29-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
25-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Show earlier events
2019
31-12
Financial
Back to profitnet €9,775
Net result €9,775 after one loss-making year.
03-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
25-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
28-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 6 acts read
About the unread acts
Of the 6 Belgian State Gazette acts we know for this company, 1 has been read. The other 5 have not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
6 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Aalst · 1 establishment unit since 1992
Ground area
669 m²
Building footprint
279 m²
Volume, LiDAR
1,384 m³
2 parcels, Flanders · tallest building 10.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Churchillsteenweg 87-89, 9320 Aalst
since 19922.055.728.423
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41342B1184/00S000 | Flanders | 463 m² | 1 · 151 m² | 10.4 m · 1 fl. |
| 41342B1214/00G000 | Flanders | 205 m² | 1 · 127 m² | 8.3 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2023 to 2025 · 2 entries · 329 EUR awarded · 329 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 53 EUR | 53 EUR |
| 2023 | 1 | 276 EUR | 276 EUR |
Similar companies · same sector, comparable size
FRASNES MOTORS
BE 0469.573.040
Couvin · Eq €182,808
MICHIELS S. GARAGE
BE 0792.544.240
Charleroi · Eq €183,275
CROES.C
BE 1002.597.839
Saint-Ghislain · Eq €183,338
SPEED ROAD
BE 0715.838.323
Lasne · Eq €182,614
GVR DESSEL
BE 0688.935.471
Dessel · Eq €182,465
Of 7,378 companies in sector 95311 we hold annual accounts for 2,962. 2,335 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
Founded15-11-1991
Fiscal year end31-12
Activities, NACEBEL 2025
95311General maintenance and repair of cars and light vans (up to 3.5 tonnes)
E-invoicing
Reachable via Peppol
Peppol ID
0208:0445725094
Also
9925:BE0445725094
Registered
13-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.