COBECO
ActiveCOBECO has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €518k and a net result of €-49k. Equity is shrinking by ~12% per year across the filed fiscal years. Its solvency ranks better than 91% of 2172 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
67
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability9▲+4
Solvency100=
Growth58=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity ample (current ratio 7.37 against 5.09 in 2024; short-term debt: 11.5% and cash: 33% of total assets), and 14.3% of the assets are financed with debt.
Credit advice for your own amount and term
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 41
Relative position
BE, all sectors
reference
Sector 41
higher
← 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
85.7%
Return on assets
-8%
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 €-49k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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
31 d late
2024
60 d late
2023
29 d late
2022
25 d late
2021
31 d late
2020
17 d late
2019
19 d late
← before the deadline
after the deadline →
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
20-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€518k▼ 8.6%
2024 · €567k
2018: €1.05M
2019: €1.05M
2020: €898k
2021: €670k
2022: €525k
2023: €658k
2024: €567k
2018 → 2025
Total assets
€605k▼ 14.2%
2024 · €705k
2018: €1.30M
2019: €1.24M
2020: €1.03M
2021: €863k
2022: €753k
2023: €880k
2024: €705k
2018 → 2025
Net result
€-49k▲ 46.9%
2024 · €-91k
2018: €-97k
2019: €4k
2020: €-153k
2021: €-227k
2022: €-145k
2023: €184k
2024: €-91k
2018 → 2025
Working capital
€443k▼ 5.3%
2024 · €468k
2018: €987k
2019: €911k
2020: €711k
2021: €494k
2022: €355k
2023: €382k
2024: €468k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€670k-€525k▼ 21.7%€658k▲ 25.4%€567k▼ 13.9%€518k▼ 8.6%
Operating result€-235k-€-156k▲ 33.8%€163k€-22k€-48k▼ 116%
Net result€-227k-€-145k▲ 36.1%€184k€-91k€-49k▲ 46.9%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €48k in 2025 against €22k in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €605k
Fixed assets
€92k▼ 24.7%
Current assets
€513k▼ 11.9%
Equity and liabilities €605k
Equity
€518k▼ 8.6%
Debt
€86k▼ 37.2%
The debt ratio falls from 19.6% to 14.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-17k▼
2024 · €18k
Cash flow
€-17k▲
2024 · €-51k
Solvency
85.7%▲
2024 · 80.4%
Current ratio
7.37▲
2024 · 5.09
Quick ratio
3.23▲
2024 · 3.05
Debt / equity
0.17▼
2024 · 0.24
ROE
-9.4%▲
2024 · -16.1%
ROA
-8.0%▲
2024 · -13.0%
Interest coverage
-14.26▼
2024 · 0.26
Debt
€86k▼
2024 · €138k
Debt ≤ 1 year
€70k▼
2024 · €114k
Debt > 1 year
€17k▼
2024 · €24k
Staff costs
€87k▼
2024 · €119k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€705k€605k▼
Fixed assets21/28€123k€92k▼
Tangible fixed assets22/27€123k€92k▼
Land and buildings22€70k€56k▼
Plant, machinery and equipment23€19k€11k▼
Furniture and vehicles24€33k€25k▼
Financial fixed assets28€124€124=
Current assets29/58€582k€513k▼
Stocks and contracts in progress3€234k€288k▲
Stocks30/36€234k€288k▲
Amounts receivable within one year40/41€72k€18k▼
Trade receivables40€72k€18k▼
Other amounts receivable41€299€62▼
Cash at bank and in hand54/58€272k€199k▼
Deferred charges and accrued income490/1€4k€7k▲
Equity and liabilities
Total equity and liabilities10/49€705k€605k▼
Equity10/15€567k€518k▼
Contributions10/11€600k€600k=
Reserves13€505k€505k=
Tax-exempt reserves132€455€455=
Distributable reserves133€505k€505k=
Profit (loss) carried forward14€-538k€-586k▼
Amounts payable17/49€138k€86k▼
Amounts payable after more than one year17€24k€17k▼
Financial debts170/4€24k€17k▼
Amounts payable within one year42/48€114k€70k▼
Current portion of amounts payable after more than one year42€7k€7k▲
Trade debts44€71k€57k▼
Suppliers440/4€71k€57k▼
Taxes, remuneration and social security45€2k€439▼
Taxes450/3-€439
Remuneration and social security454/9€2k-
Other amounts payable47/48€35k€6k▼
Accrued charges and deferred income492/3-€148
Income statement
Code20242025
Remuneration, social security and pensions62€119k€87k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€40k€31k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€14k-
Other operating charges640/8€16k€4k▼
Gross operating margin9900€167k€73k▼
Operating profit (loss)9901€-22k€-48k▼
Financial income75/76B-€1k
Recurring financial income75-€1k
Financial charges65/66B€69k€1k▼
Recurring financial charges65€69k€1k▼
Profit (loss) for the period before taxes9903€-91k€-49k▲
Profit (loss) for the period9904€-91k€-49k▲
Profit (loss) for the period to be appropriated9905€-91k€-49k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-538k€-586k▼
Profit (loss) brought forward from the previous period14P€-446k€-538k▼
Social balance
Average headcount (FTE)90873.02.0▼
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
29-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 60 days late
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 29 days late
2023
31-12
Financial
Back to profitnet €184k
Net result €184k after 3 loss-making years.
25-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 25 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
31-12
Financial
Weakest financial yearnet €-227k
Net result drops to €-227k, the lowest in the series; recovery starts the following year.
17-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 17 days late
2020
19-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 19 days late
2019
31-12
Financial
Back to profitnet €4k
Net result €4k after one loss-making year.
08-09
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 39 days late
2018
01-10
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 62 days late
2017
25-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 56 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Aalst · 1 establishment unit since 1991
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Gustaaf Papestraat 519300 AalstGround area
3,036 m²
Building footprint
1,627 m²
Volume, LiDAR
10,208 m³
Parcel 41002B0205/02G002, Flanders · tallest building 26.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
COBECO
since 19912.054.760.403
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41002B0205/02G002 | Flanders | 3,036 m² | 1 · 1,627 m² | 26.2 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel 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
2022 to 2025 · 4 entries · 2,973 EUR awarded · 2,899 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,383 EUR | 1,353 EUR |
| 2024 | 1 | 839 EUR | 898 EUR |
| 2023 | 1 | 283 EUR | 180 EUR |
| 2022 | 1 | 468 EUR | 468 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Recognised contractor
13 categoriesCOBECO BV19245
Similar companies · same sector, comparable size
DELERS INVEST
BE 0715.530.594
Wemmel · Eq €518k
CELES-TECH
BE 0554.935.614
Colfontaine · Eq €518k
ALVEBO
BE 0477.259.794
Lier · Eq €519k
IMMOBOIS.BE
BE 0897.944.341
Bastogne · Eq €518k
APK Drilling
BE 0415.591.649
Diest · Eq €519k
Of 29,801 companies in sector 41001 we hold annual accounts for 16,041. 9,090 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded11-10-1991
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
43320Joinery installation
45211
45421
46130Agents in the wholesale of timber and building materials
Sources
Crossroads Bank for EnterprisesNational Bank · 34 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.