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BE 0893.986.939Coöperatieve vennootschap met beperkte aansprakelijkheid
COBEFERT
Langemarkseweg 9 ·8904 Ieper, Belgium· 18 yrs active
Sector: Waste collection, recovery and disposal activities
(38110)
Conclusion
COBEFERT has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €553k and a net result of €-63k. Equity remains stable across the filed fiscal years (±2.2% per year). Its solvency ranks better than 48% of 238 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Based on the State Gazette, CBE and 5 annual accounts.
Key figures
| Equity | €553k |
| Net result | €-63k |
| Better than sector | 48% |
| Active | 18 yrs |
Financial profile
52
/ 100
Mixed profile: strong on stability, weaker on profitability.
All 5 axes are computed from data Checked has read.
Health
45
Profitability
0
Solvency
81
Growth
32
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Established
Founded in 2007, 18 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
45
/ 100
Fair
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€25k
estimate, not credit advice
Score history
75
2020
79
2021
79
2022
79
2023
45
2024
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 3.02 (≥ 1.5)
+10
Quick ratio
Quick ratio 3.02 (≥ 1.0)
+5
Leverage
Debt/equity 1.58 (< 2.0)
+3
Profitability
Negatieve ROE -11%
-10
Interest coverage
Interest coverage -0.9× (< 1.5×)
-10
Profit trend
Net profit down YoY
-3
Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.
Financial overview
Annual accounts filed on 24-06-2025 with the NBB · fiscal year 2024 · abbreviated schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
stable
Equity: stable across 5 fiscal years (±2.2%/year).
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2024 · NACE 38, Waste collection, recovery and disposal activities · compared within the same schema type (abbreviated schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 37.1% | 38.5% | |
| Net result | €-63k | €66k | |
| Equity | €553k | €797k | |
| Gross operating margin | €-6k | €568k | |
| Total assets | €1.49M | €2.44M |
€-9k
-
20-24
€-63k
-
20-24
€-12k
-
20-24
€1.49M
+2.1%
20-24
€553k
-10.2%
20-24
€852k
+4.5%
20-24
€4k
-9.4%
20-24
€874k
+11.9%
20-24
€422k
-1.7%
20-24
3.02
+4.2%
20-24
3.02
+4.2%
20-24
37.1%
-12.0%
20-24
1.58
+24.6%
20-24
-11.3%
-
20-24
-4.2%
-
20-24
-0.94
-
20-24
Figures by fiscal year and ratios
Change versus the prior fiscal year, coloured by direction (green = favourable).
| Fiscal year | 2024 Δ | 2023 Δ | 2022 Δ | 2021 Δ | 2020 Δ |
|---|---|---|---|---|---|
| Deposit | abbreviated schema | abbreviated schema | abbreviated schema | abbreviated schema | abbreviated schema |
| Revenue | - | - | - | - | - |
| EBITDA | - | -19.4% | -13.5% | -24.0% | - |
| Net profit | - | -37.8% | -20.3% | -92.2% | - |
| Cash flow | - | -23.9% | -13.9% | -75.8% | - |
| Staff costs | - | - | - | - | - |
| Income taxes | - | -9.4% | -19.9% | -39.8% | - |
| Dividends | - | - | - | - | - |
| Total assets | +2.1% | -1.5% | +0.8% | +0.7% | - |
| Equity | -10.2% | +1.8% | +3.0% | +3.9% | - |
| Debt | +11.9% | -4.1% | -0.8% | -1.5% | - |
| of which ≤ 1y | -1.7% | -13.9% | +12.5% | -14.3% | - |
| of which > 1y | - | - | - | - | - |
| Working capital | +4.5% | +13.1% | -1.0% | +15.6% | - |
| Employees (FTE) | - | - | - | - | - |
Ratios (computed)
| 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
| Current ratio | 3.02 | 2.90 | 2.44 | 2.64 | 2.22 |
| Quick ratio | 3.02 | 2.90 | 2.44 | 2.64 | 2.22 |
| Working capital ratio | 57.2% | 55.9% | 48.7% | 49.6% | 43.2% |
| Solvency | 37.1% | 42.2% | 40.8% | 39.9% | 38.7% |
| Debt / equity | 1.58 | 1.27 | 1.35 | 1.40 | - |
| Long-term debt ratio | - | - | - | - | - |
| Interest coverage | -0.94 | 9.94 | 17.34 | 20.09 | - |
| Gross margin | - | - | - | - | - |
| Net margin | - | - | - | - | - |
| ROA | -4.2% | 0.8% | 1.2% | 1.5% | 19.6% |
| ROE | -11.3% | 1.8% | 2.9% | 3.8% | 50.6% |
| EBITDA margin | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Balance-sheet composition 2024
Full annual accounts (24 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €1.49M | €1.46M | €1.48M | €1.47M | €1.46M |
| Fixed assets | 21/28 | €215k | €213k | €260k | €297k | €312k |
| Tangible fixed assets | 22/27 | €215k | €213k | €260k | €297k | €312k |
| Current assets | 29/58 | €1.27M | €1.25M | €1.22M | €1.17M | €1.15M |
| Amounts receivable within one year | 40/41 | €438k | €486k | €531k | €808k | €622k |
| Investments | 50/53 | €600k | - | - | - | - |
| Cash & bank | 54/58 | €235k | €757k | €690k | €362k | €524k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €1.49M | €1.46M | €1.48M | €1.47M | €1.46M |
| Equity | 10/15 | €553k | €615k | €604k | €587k | €564k |
| Contributions / capital | 10/11 | €240k | €240k | €240k | €240k | €240k |
| Reserves | 13 | €39k | €39k | €39k | €39k | €39k |
| Accumulated profits (losses) | 14 | €274k | €337k | €326k | €308k | €286k |
| Provisions & deferred taxes | 16 | €62k | €62k | €62k | €62k | €62k |
| Amounts payable | 17/49 | €874k | €781k | €814k | €820k | €833k |
| Amounts payable within one year | 42/48 | €422k | €430k | €499k | €444k | €518k |
| Trade debts payable within one year | 44 | €201k | €182k | €245k | €212k | €285k |
| Income statement | ||||||
| Gross operating margin | 9900 | €-6k | €73k | €90k | €102k | €134k |
| Operating result | 9901 | €-60k | €22k | €27k | €33k | €51k |
| Financial income | 75 | €7k | €50 | €4 | - | €17 |
| Financial charges | 65 | €10k | €7k | €5k | €5k | €5k |
| Result before taxes | 9903 | €-63k | €15k | €23k | €28k | €46k |
| Income taxes | 67/77 | - | €4k | €5k | €6k | €10k |
| Net result for the period | 9904 | €-63k | €11k | €18k | €22k | €37k |
| Result to be appropriated | 9905 | €-63k | €11k | €18k | €22k | €37k |
Legal Structure
| NACE primary | Waste collection, recovery and disposal activities(38110) |
| Legal form | Coöperatieve vennootschap met beperkte aansprakelijkheid(008) |
| Incorporation | 06-12-2007 |
| Status | Active |
| Postal code | 8904 |
Establishment units
COBEFERT
since 20082.168.769.451
Real-estate footprint
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 38011A0591/00G000 | Flanders | 1.7 ha | 1 · 2,253 m² | 9.5 m · 1 fl. |
| 33003B0301/00X000 | Flanders | 1,179 m² | 1 · 371 m² | 11.8 m · 1 fl. |
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates
2025
24-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet €-63k ▼667%
Net result drops to €-63k, the lowest in the series.
08-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 28 days late
2022
29-09
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 60 days late
2021
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 61 days late
2020
13-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 74 days late
2019
24-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
26-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 57 days late
2017
25-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 56 days late
2016
14-12
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 136 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Credit advice
Company registry (CBE)
Activities
Waste collection, recovery and disposal activities38110
Names & trade names
| Legal nameNL | COBEFERT |
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