COBECO
ActiveCOBECO has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €113k and a net result of €19k. Equity is growing by ~22.6% per year across the filed fiscal years. Its solvency ranks better than 85% of 11209 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
87
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability87▼-6
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9k at 30 days acceptable
Liquidity ample (current ratio 6.73 against 6.53 in 2024; short-term debt: 10% and cash: 25.9% of total assets), and 14.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 · 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
85.3%
Return on assets
14.6%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-08-2026, 30 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
30 d late
2024
on the day
2023
111 d late
2022
99 d late
2021
60 d late
2020
31 d late
2019
61 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
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€113k▲ 20.7%
2024 · €93k
2018: €27k
2019: €31k
2020: €42k
2021: €38k
2022: €47k
2023: €71k
2024: €93k
2018 → 2025
Total assets
€132k▲ 13.7%
2024 · €116k
2018: €76k
2019: €73k
2020: €83k
2021: €73k
2022: €75k
2023: €101k
2024: €116k
2018 → 2025
Net result
€19k▼ 14.7%
2024 · €23k
2018: €-2k
2019: €3k
2020: €12k
2021: €15k
2022: €10k
2023: €25k
2024: €23k
2018 → 2025
Working capital
€76k▲ 16.5%
2024 · €65k
2018: €12k
2019: €14k
2020: €25k
2021: €18k
2022: €25k
2023: €48k
2024: €65k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€38k-€47k▲ 21.9%€71k▲ 52.5%€93k▲ 30.6%€113k▲ 20.7%
Operating result€27k-€19k▼ 28.7%€43k▲ 123%€36k▼ 14.4%€31k▼ 14.8%
Net result€15k-€10k▼ 31.3%€25k▲ 148%€23k▼ 10.8%€19k▼ 14.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 15% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €132k
Fixed assets
€43k▲ 9.6%
Current assets
€89k▲ 15.9%
Equity and liabilities €132k
Equity
€113k▲ 20.7%
Debt
€19k▼ 14.9%
The debt ratio falls from 19.6% to 14.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€36k▼
2024 · €39k
Cash flow
€24k▼
2024 · €25k
Solvency
85.3%▲
2024 · 80.4%
Current ratio
6.73▲
2024 · 6.53
Quick ratio
6.73▲
2024 · 6.53
Debt / equity
0.17▼
2024 · 0.24
ROE
17.2%▼
2024 · 24.3%
ROA
14.6%▼
2024 · 19.5%
Interest coverage
45.13▲
2024 · 19.93
Debt
€19k▼
2024 · €23k
Debt ≤ 1 year
€13k▲
2024 · €12k
Debt > 1 year
€6k▼
2024 · €11k
Income taxes
€11k▼
2024 · €12k
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€116k€132k▲
Fixed assets21/28€39k€43k▲
Tangible fixed assets22/27€39k€43k▲
Land and buildings22€36k€34k▼
Plant, machinery and equipment23€0€0=
Furniture and vehicles24€3k€9k▲
Current assets29/58€77k€89k▲
Amounts receivable within one year40/41€266€4k▲
Trade receivables40€266€4k▲
Current investments50/53€37k€49k▲
Cash at bank and in hand54/58€38k€34k▼
Deferred charges and accrued income490/1€2k€2k▲
Equity and liabilities
Total equity and liabilities10/49€116k€132k▲
Equity10/15€93k€113k▲
Reserves13€93k€113k▲
Tax-exempt reserves132€19k€19k=
Distributable reserves133€75k€94k▲
Amounts payable17/49€23k€19k▼
Amounts payable after more than one year17€11k€6k▼
Financial debts170/4€11k€6k▼
Amounts payable within one year42/48€12k€13k▲
Current portion of amounts payable after more than one year42€5k€5k▲
Trade debts44€591€1k▲
Suppliers440/4€591€1k▲
Taxes, remuneration and social security45€3k€2k▼
Taxes450/3€3k€2k▼
Other amounts payable47/48€4k€5k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€5k▲
Other operating charges640/8€1k€2k▲
Gross operating margin9900€40k€37k▼
Operating profit (loss)9901€36k€31k▼
Financial income75/76B€0€0▼
Recurring financial income75€0€0▼
Financial charges65/66B€2k€790▼
Recurring financial charges65€2k€790▼
Profit (loss) for the period before taxes9903€34k€30k▼
Income taxes67/77€12k€11k▼
Profit (loss) for the period9904€23k€19k▼
Profit (loss) for the period to be appropriated9905€23k€19k▼
Appropriation of the result
Profit (loss) to be appropriated9906€23k€19k▼
Transfer to equity691/2€22k€19k▼
To other reserves6921€22k€19k▼
Profit to be distributed694/7€800-
Return on contributions (dividend)694€800-
The notes to these accounts (5 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
30-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 30 days late
2025
31-12
Financial
Equity above €100kEq €113k ▲20.7%
7 profitable years in a row build equity to €113k.
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
19-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 111 days late
2023
31-12
Financial
Highest result since 2018net €25k ▲148%
Operating result €43k, net result €25k, both a record.
07-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 99 days late
2022
29-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 60 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
30-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 61 days late
2019
31-12
Financial
Back to profitnet €3k
Net result €3k after one loss-making year.
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
30-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 61 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Berlaar · 1 establishment unit since 2002
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.
Stationsstraat 2172590 BerlaarGround area
424 m²
Building footprint
190 m²
Volume, LiDAR
1,174 m³
Parcel 12002D0165/00Y004, Flanders · tallest building 10.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Stationsstraat 217, 2590 Berlaar
since 20022.101.696.327
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12002D0165/00Y004 | Flanders | 424 m² | 1 · 189 m² | 10.3 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.
Similar companies · same sector, comparable size
ARIVIC
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VDH-Machines
BE 0845.345.201
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JAN HUYGHE
BE 0477.633.245
Ronse · Eq €112k
MOORS DRILLING
BE 0475.656.029
Beauraing · Eq €112k
HUBIN Instruments & Services
BE 0810.634.443
Pepinster · Eq €111k
Of 1,075 companies in sector 46140 we hold annual accounts for 644. 505 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded05-02-2002
Fiscal year end31-12
Activities, NACEBEL
46140Agents in the wholesale of industrial machinery, ships and aircraft
Sources
Crossroads Bank for EnterprisesNational Bank · 24 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.