COBEA
ActiveSummary
COBEA has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €74,673 and a net result of -€5,219. Equity is shrinking by ~6.1% per year across the filed fiscal years. Its solvency ranks better than 60% of 2386 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability25▼-47
Solvency96▲+3
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5,000 at 30 days acceptable
Liquidity short (current ratio 0.83 against 1.0 in 2024; short-term debt: 29.3% and cash: 1.6% of total assets), and 29.3% 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
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 86
Relative position
BE, all sectors
reference
Human health activities (NACE 86)
about 87% fewer 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
70.7%
Return on assets
-4.9%
Age of the figures
9 mo
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 30-06-2026, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
31 d early
2024
31 d early
2023
29 d late
2022
60 d late
2021
30 d late
2020
30 d late
2019
91 d late
← 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 25 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% 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 30 August (5 of the last 5 filed years within 61 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€74,673▼ 6.5%
2024 · €79,892
Total assets
€105,563▼ 10.7%
2024 · €118,216
Net result
-€5,219
2024 · €3,463
Working capital
-€5,236▼ 30,734%
2024 · -€17
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 86, Human health activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€1,837-€1,395-€28,076▼ 1,912%€3,613-€5,114
Net result-€2,106below the sector's middle half▲ 72.6%-€1,732below the sector's middle half▲ 17.8%-€28,162below the sector's middle half▼ 1,526%€3,463below the sector's middle half-€5,219below the sector's middle half
Equity€106,323within the sector's middle half▼ 1.9%€104,591within the sector's middle half▼ 1.6%€76,429within the sector's middle half▼ 26.9%€79,892within the sector's middle half▲ 4.5%€74,673below the sector's middle half▼ 6.5%
Total assets€122,320below the sector's middle half▼ 5.1%€112,096below the sector's middle half▼ 8.4%€79,632below the sector's middle half▼ 29.0%€118,216below the sector's middle half▲ 48.5%€105,563below the sector's middle half▼ 10.7%
Debt€15,997▼ 22.0%€7,505▼ 53.1%€3,203▼ 57.3%€38,324▲ 1,096%€30,890▼ 19.4%
Working capital€27,809within the sector's middle half▼ 6.7%€33,082within the sector's middle half▲ 19.0%€15,628below the sector's middle half▼ 52.8%-€17below the sector's middle half-€5,236below the sector's middle half▼ 30,734%
Solvency86.9%above the sector's middle half▲ 2.8pp93.3%above the sector's middle half▲ 6.4pp96.0%above the sector's middle half▲ 2.7pp67.6%within the sector's middle half▼ 28.4pp70.7%within the sector's middle half▲ 3.2pp
Current ratio2.98within the sector's middle half▼ 0.766.59above the sector's middle half▲ 3.615.88within the sector's middle half▼ 0.711.00below the sector's middle half▼ 4.880.83below the sector's middle half▼ 0.17
Return on assets (ROA)-1.7%below the sector's middle half▲ 4.2pp-1.5%below the sector's middle half▲ 0.2pp-35.4%below the sector's middle half▼ 33.8pp2.9%below the sector's middle half▲ 38.3pp-4.9%below the sector's middle half▼ 7.9pp
above
within
below
the middle half (P25 to P75) of NACE 86, Human health activities, 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 turns negative in 2025: a loss of €5,114 after €3,613 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €105,563
Fixed assets
€79,909 =
Current assets
€25,654 ▼ 33.0%
Equity and liabilities €105,563
Equity
€74,673 ▼ 6.5%
Debt
€30,890 ▼ 19.4%
Debt's share of the balance-sheet total falls from 32.4% to 29.3%. Equity and debt are lower.
Key figures and ratios
Debt to equity
0.41▼
2024 · 0.48
ROE
-7.0%▼
2024 · 4.3%
Debt ≤ 1 year
€30,890▼
2024 · €38,324
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €28,403 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,803 | €7,359 | €7,339 | €397 | - | - |
| Other operating charges640/8 | €1,711 | €2,077 | €2,347 | €1,990 | €1,057 | ▼ 46.9% |
| Gross operating margin9900 | €11,351 | €8,041 | -€18,390 | €6,000 | -€4,057 | ▼ 168% |
| Operating profit (loss)9901 | €1,837 | -€1,395 | -€28,076 | €3,613 | -€5,114 | ▼ 242% |
| Financial income75/76B | - | €10 | €46 | €8 | - | - |
| Recurring financial income75 | - | €10 | €4 | €8 | - | - |
| Non-recurring financial income76B | - | - | €42 | - | - | - |
| Financial charges65/66B | €378 | €245 | €132 | €155 | €104 | ▼ 32.8% |
| Recurring financial charges65 | €378 | €245 | €132 | €155 | €104 | ▼ 32.8% |
| Profit (loss) for the period before taxes9903 | €1,459 | -€1,630 | -€28,162 | €3,466 | -€5,219 | ▼ 251% |
| Income taxes67/77 | €3,565 | €102 | - | €2 | - | - |
| Profit (loss) for the period9904 | -€2,106 | -€1,732 | -€28,162 | €3,463 | -€5,219 | ▼ 251% |
| Transfer from tax-exempt reserves789 | €14,910 | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €12,804 | -€1,732 | -€28,162 | €3,463 | -€5,219 | ▼ 251% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €122,320 | €112,096 | €79,632 | €118,216 | €105,563 | ▼ 10.7% |
| Fixed assets21/28 | €80,457 | €73,098 | €60,801 | €79,909 | €79,909 | = |
| Tangible fixed assets22/27 | €25,921 | €18,561 | €11,222 | - | - | - |
| Plant, machinery and equipment23 | €25,921 | €18,561 | €11,222 | - | - | - |
| Financial fixed assets28 | €54,537 | €54,537 | €49,579 | €79,909 | €79,909 | = |
| Current assets29/58 | €41,863 | €38,998 | €18,831 | €38,307 | €25,654 | ▼ 33.0% |
| Amounts receivable within one year40/41 | €1,036 | €1,714 | €2,107 | - | €23,972 | - |
| Trade receivables40 | - | €12 | - | - | - | - |
| Other amounts receivable41 | €1,036 | €1,702 | €2,107 | - | €23,972 | - |
| Cash at bank and in hand54/58 | €26,424 | €23,326 | €9,678 | €38,220 | €1,682 | ▼ 95.6% |
| Deferred charges and accrued income490/1 | €14,402 | €13,957 | €7,046 | €88 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €122,320 | €112,096 | €79,632 | €118,216 | €105,563 | ▼ 10.7% |
| Equity10/15 | €106,323 | €104,591 | €76,429 | €79,892 | €74,673 | ▼ 6.5% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | €18,600 | €18,600 | - | - | - | - |
| Issued capital100 | €18,600 | €18,600 | - | - | - | - |
| Outside capital11 | - | - | €18,600 | €18,600 | €18,600 | = |
| Other1109/19 | - | - | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €65,793 | €65,793 | €65,793 | €65,793 | €65,793 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Legal reserve130 | €1,860 | - | - | - | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | €63,933 | €63,933 | €63,933 | €63,933 | €63,933 | = |
| Profit (loss) carried forward14 | €21,930 | €20,198 | -€7,965 | -€4,501 | -€9,720 | ▼ 116% |
| Amounts payable17/49 | €15,997 | €7,505 | €3,203 | €38,324 | €30,890 | ▼ 19.4% |
| Amounts payable after more than one year17 | €1,943 | - | - | - | - | - |
| Financial debts170/4 | €1,943 | - | - | - | - | - |
| Amounts payable within one year42/48 | €14,054 | €5,915 | €3,203 | €38,324 | €30,890 | ▼ 19.4% |
| Current portion of amounts payable after more than one year42 | €7,680 | €1,943 | - | - | - | - |
| Trade debts44 | €2,472 | - | €3,160 | - | - | - |
| Suppliers440/4 | €2,472 | - | €3,160 | - | - | - |
| Taxes, remuneration and social security45 | €3,901 | €3,972 | €43 | - | - | - |
| Taxes450/3 | €3,901 | €3,972 | €43 | - | - | - |
| Other amounts payable47/48 | - | - | - | €38,324 | €30,890 | ▼ 19.4% |
| Accrued charges and deferred income492/3 | - | €1,590 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€2,106 | -€1,732 | -€28,162 | €3,463 | -€5,219 | ▼ 251% |
| + Depreciation and write-downs630 | €7,803 | €7,359 | €7,339 | €397 | - | - |
| Operating cash flow (approximation) | €5,696 | €5,627 | -€20,823 | €3,860 | -€5,219 | ▼ 235% |
| Investment in fixed assets (approximation) | - | €0 | €4,958 | -€19,505 | €0 | ▲ 100% |
| Change in cash | - | -€3,098 | -€13,648 | €28,541 | -€36,537 | ▼ 228% |
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
10-07
State Gazette act
RestructuringDeclaration · Merger · Shareholding34 facts ▸
State Gazette act
Restructuring
Declaration · Merger · Shareholding34 facts ▸
- General meeting, 18-06-2026
- Declaration, dispense de lecture du projet de fusion, plus d'un mois avant la date de la présente assemblée
- Declaration, accomplissement des formalités préalables, articles 12:50, 12:51 et 12:52 du Code des Sociétés et des associations
- Declaration, cadre légal de la fusion, articles 12:50 à 12:58 du Code des sociétés et des associations
- Declaration, caractère idoine des objets sociaux
- Merger, absorption, dissolution sans liquidation
- Shareholding, fonds propres
- Share cancellation, fusion sans création de nouvelles actions, article 3:77 de l'arrêté royal d'exécution du Code des sociétés et des associations
- Declaration, absence d'avantage particulier, article 12:50, 4° du Code des sociétés et des associations
- Transfer of a branch of activity or universality, universality, intégralité du patrimoine, tant activement que passivement
- Declaration, absence de rapport révisoral
- Transfer of a branch of activity or universality, 18-06-2026
- +22 further facts in this act
30-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €3,463
Net result €3,463 after 5 loss-making years.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
31-12
Financial
Weakest financial yearnet -€28,162
Net result drops to -€28,162, the lowest in the series; recovery starts the following year.
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 60 days late
2022
31-12
Financial
Liquidity doublescurrent ratio 6.59
Current ratio from 2.98 to 6.59; short-term debt falls from €14,054 to €5,915.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 27 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
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.
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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, Wavre · 1 establishment unit since 1999
Ground area
2,236 m²
Building footprint
237 m²
Volume, LiDAR
2,593 m³
2 parcels, Brussels, Wallonia · tallest building 20.0 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
Helmetseplein 11, 1030 Schaarbeek
since 19992.228.622.015
2 parcels
Wallonia
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25772H0095/00A004 | Wallonia | 2,126 m² | 1 · 138 m² | 8.2 m · 2 fl. |
| 21902A0240/00D008 | Brussels | 110 m² | 1 · 98 m² | 20.0 m · 6 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.
Articles of association
Purpose
Conclure tous achats, ventes, locations, mises en gage, prêts, ouvertures, de crédits, constitutions d'hypothèques ou échanges, renoncer au bénéfice d'une renonciation à accession…
Full purpose (7 activities)
- Conclure tous achats, ventes, locations, mises en gage, prêts, ouvertures, de crédits, constitutions d'hypothèques ou échanges, renoncer au bénéfice d'une renonciation à accession, ou conclure tous contrats d'entreprises et d'une façon générale réaliser ou faire réaliser tout projet immobilier sous tous ses aspects.
- Elle peut donner des garanties pour compte de tiers.
- Elle dispose, d'une manière générale, d'une pleine capacité juridique pour accomplir tous les actes et opérations ayant un rapport direct ou indirect avec son objet ou qui seraient de nature à faciliter directement ou indirectement, entièrement ou partiellement, la réalisation de cet objet.
- Elle peut s'intéresser par voie d'association, d'apport, de fusion, d'intervention financière ou autrement dans toutes sociétés, associations ou entreprises dont l'objet est identique, analogue ou connexe au sien ou susceptible de favoriser le développement de son entreprise ou de constituer pour elle une source de débouchés.
- Elle peut exercer les fonctions d'administrateur ou liquidateur dans d'autres sociétés.
- La société peut se porter garant ou fournir des sûretés réelles pour des sociétés ou des personnes privées, au sens le plus large.
- Au cas où la prestation de certains actes serait soumise à des conditions préalables d'accès à la profession, la société subordonnera son action, en ce qui concerne la prestation de ces actes, à la réalisation de ces conditions.
Other statement
6 provisions in the deed
Legal form clause
Other provisions
Viendra aux droits et obligations de la société absorbée en matière de taxe sur la valeur ajoutée, propriété et jouissance des biens transférés
État des biens transférés, aucun recours contre la société absorbée
Transfert des dettes, sans qu'il puisse en résulter novation
Sûretés réelles et personnelles, ne seront pas affectées par la présente opération de fusion
Au jour de la réalisation effective de la fusion
Les litiges et actions généralement quelconques, judiciaires ou non, tant en demandant qu'en défendant, litiges et actions
Compteurs et installations, Les compteurs, conduites, canalisations, appareils et autres installations généralement quelconques placés dans les droits immobilie…
Démolition et construction, la société absorbée et le notaire soussigné étant dispensés de délivrer les renseignements urbanistiques s'appliquant au bien ci-des…
2 more provisions in the deed, see the deed of 10-07-2026
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2022 list no shareholders, and no other source names one.
Holdings 1
-
100%
According to the 2022 annual accounts of COBEA 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
No current directors or connected companies found in the register.
Acquisitions and mergers
1 transactionTook over:COBEA S.C.
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Of 699 companies in sector 86910 we hold annual accounts for 522. 304 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
Founded18-03-1999
Fiscal year end31-12
Legal name FR
IMAGERIE MEDICALE HELMET
Abbreviation FR
I.M.H.
Activities, NACEBEL 2025
86910Medical imaging and medical laboratories
E-invoicing
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Register as of 30 September 2026 · Peppol Directory
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