COBEFI
ActiveSummary
COBEFI has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.45M and a net result of €7k. Equity is growing by ~2.6% per year across the filed fiscal years. Its solvency ranks better than 57% of 218 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability34▼-4
Solvency66▲+1
Growth52=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €140k at 30 days acceptable
Liquidity short (current ratio 0.18 against 0.14 in 2024; short-term debt: 20.9% and cash: 0.5% of total assets), and 59.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
40.8%
Return on assets
0.1%
Age of the figures
9 mo
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 38
Relative position
BE, all sectors
reference
Waste collection, recovery and disposal activities (NACE 38)
about 10% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 07-07-2026, 24 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
24 d early
2024
24 d early
2023
21 d early
2022
35 d early
2021
34 d early
2020
33 d early
2019
23 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€7k▲ 17.6%
2024 · €6k
2018: €96k
2019: €92k▼ -4.6% vs 2018
2020: €32k▼ -65.1% vs 2019
2021: €148k▲ +364% vs 2020highest in 8 years
2022: €64k▼ -56.5% vs 2021
2023: €66k▲ +2.6% vs 2022
2024: €6k▼ -91.5% vs 2023lowest in 8 years
2025: €7k▲ +17.6% vs 2024
2018 → 2025
Working capital
€-1.03M▲ 16.4%
2024 · €-1.23M
2018: €-1.76M
2019: €-1.80M▼ -2.3% vs 2018lowest in 8 years
2020: €-1.76M▲ +2.5% vs 2019
2021: €-1.50M▲ +14.9% vs 2020
2022: €-1.29M▲ +14.0% vs 2021
2023: €-1.15M▲ +11.1% vs 2022
2024: €-1.23M▼ -7.3% vs 2023
2025: €-1.03M▲ +16.4% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€2.31M-€2.37M▲ 2.8%€2.44M▲ 2.8%€2.44M▲ 0.2%€2.45M▲ 0.3%
2021: €2.31Mlowest in 5 years
2022: €2.37M▲ +2.8% vs 2021
2023: €2.44M▲ +2.8% vs 2022
2024: €2.44M▲ +0.2% vs 2023
2025: €2.45M▲ +0.3% vs 2024highest in 5 years
Operating result€254k-€208k▼ 18.2%€206k▼ 0.7%€139k▼ 32.7%€172k▲ 23.5%
2021: €254khighest in 5 years
2022: €208k▼ -18.2% vs 2021
2023: €206k▼ -0.7% vs 2022
2024: €139k▼ -32.7% vs 2023lowest in 5 years
2025: €172k▲ +23.5% vs 2024
Net result€148k-€64k▼ 56.5%€66k▲ 2.6%€6k▼ 91.5%€7k▲ 17.6%
2021: €148khighest in 5 years
2022: €64k▼ -56.5% vs 2021
2023: €66k▲ +2.6% vs 2022
2024: €6k▼ -91.5% vs 2023lowest in 5 years
2025: €7k▲ +17.6% vs 2024
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 23% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €6.01M
Fixed assets
€5.78M ▼ 1.9%
Current assets
€231k ▲ 15.0%
Equity and liabilities €6.01M
Equity
€2.45M ▲ 0.3%
Provisions
€337k ▼ 0.5%
Debt
€3.22M ▼ 2.6%
Debt's share of the balance-sheet total falls from 54.3% to 53.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€286k▲
2024 · €272k
Cash flow
€121k▼
2024 · €139k
Current ratio
0.18▲
2024 · 0.14
Quick ratio
0.12▲
2024 · 0.08
Debt to equity
1.31▼
2024 · 1.35
ROE
0.3%▲
2024 · 0.2%
ROA
0.1%▲
2024 · 0.1%
Interest coverage
1.83▼
2024 · 2.29
Debt ≤ 1 year
€1.26M▼
2024 · €1.43M
Debt > 1 year
€1.96M▲
2024 · €1.88M
Income taxes
€11k▼
2024 · €16k
Staff costs
€110k▲
2024 · €105k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 57 lines
Balance sheet
Code20242025
Assets
Total assets20/58€6.09M€6.01M▼
Fixed assets21/28€5.89M€5.78M▼
Tangible fixed assets22/27€1.80M€1.69M▼
Land and buildings22€1.68M€1.60M▼
Furniture and vehicles24€122k€85k▼
Financial fixed assets28€4.09M€4.09M=
Current assets29/58€201k€231k▲
Stocks and contracts in progress3€82k€82k=
Stocks30/36€82k€82k=
Amounts receivable within one year40/41€87k€114k▲
Trade receivables40€77k€92k▲
Other amounts receivable41€10k€21k▲
Cash at bank and in hand54/58€25k€31k▲
Deferred charges and accrued income490/1€7k€5k▼
Equity and liabilities
Total equity and liabilities10/49€6.09M€6.01M▼
Equity10/15€2.44M€2.45M▲
Contributions10/11€1.38M€1.38M=
Reserves13€1.06M€1.07M▲
Tax-exempt reserves132€26k€20k▼
Distributable reserves133€1.04M€1.05M▲
Provisions and deferred taxes16€339k€337k▼
Provisions for liabilities and charges160/5€330k€330k=
Pensions and similar obligations160€330k€330k=
Deferred taxes168€9k€7k▼
Amounts payable17/49€3.31M€3.22M▼
Amounts payable after more than one year17€1.88M€1.96M▲
Financial debts170/4€143k€52k▼
Other amounts payable178/9€1.73M€1.91M▲
Amounts payable within one year42/48€1.43M€1.26M▼
Current portion of amounts payable after more than one year42€92k€91k▼
Trade debts44€35k€14k▼
Suppliers440/4€35k€14k▼
Taxes, remuneration and social security45€66k€54k▼
Taxes450/3€49k€38k▼
Remuneration and social security454/9€17k€16k▼
Other amounts payable47/48€1.24M€1.10M▼
Income statement
Code20242025
Non-recurring operating income76A€272€0▼
Remuneration, social security and pensions62€105k€110k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€133k€114k▼
Other operating charges640/8€16k€15k▼
Non-recurring operating charges66A€0-
Gross operating margin9900€394k€411k▲
Operating profit (loss)9901€139k€172k▲
Financial income75/76B€130€0▼
Recurring financial income75€130€0▼
Financial charges65/66B€119k€156k▲
Recurring financial charges65€119k€156k▲
Profit (loss) for the period before taxes9903€20k€15k▼
Transfer from deferred taxes780€2k€2k▲
Income taxes67/77€16k€11k▼
Profit (loss) for the period9904€6k€7k▲
Transfer from tax-exempt reserves789€5k€5k▲
Profit (loss) for the period to be appropriated9905€11k€12k▲
Appropriation of the result
Profit (loss) to be appropriated9906€11k€12k▲
Transfer to equity691/2€11k€12k▲
To other reserves6921€11k€12k▲
Social balance
Average headcount (FTE)90871.61.6=
The notes to these accounts (23 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €272 | €0 | ▼ 100% |
| Remuneration, social security and pensions62 | €41k | €86k | €70k | €105k | €110k | ▲ 4.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €83k | €84k | €87k | €133k | €114k | ▼ 14.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €-147 | €0 | - | - | - | - |
| Other operating charges640/8 | €14k | €13k | €20k | €16k | €15k | ▼ 3.5% |
| Non-recurring operating charges66A | - | - | €9k | €0 | - | - |
| Gross operating margin9900 | €392k | €391k | €392k | €394k | €411k | ▲ 4.3% |
| Operating profit (loss)9901 | €254k | €208k | €206k | €139k | €172k | ▲ 23.5% |
| Financial income75/76B | €50k | €2k | €12 | €130 | €0 | ▼ 100% |
| Recurring financial income75 | €50k | €2k | €12 | €130 | €0 | ▼ 100% |
| Financial charges65/66B | €123k | €122k | €116k | €119k | €156k | ▲ 31.0% |
| Recurring financial charges65 | €123k | €122k | €116k | €119k | €156k | ▲ 31.0% |
| Profit (loss) for the period before taxes9903 | €181k | €88k | €91k | €20k | €15k | ▼ 22.6% |
| Transfer from deferred taxes780 | €2k | €2k | €2k | €2k | €2k | ▲ 7.7% |
| Income taxes67/77 | €35k | €25k | €26k | €16k | €11k | ▼ 33.7% |
| Profit (loss) for the period9904 | €148k | €64k | €66k | €6k | €7k | ▲ 17.6% |
| Transfer from tax-exempt reserves789 | €5k | €5k | €5k | €5k | €5k | ▲ 7.7% |
| Profit (loss) for the period to be appropriated9905 | €153k | €70k | €71k | €11k | €12k | ▲ 13.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €6.12M | €6.11M | €5.95M | €6.09M | €6.01M | ▼ 1.3% |
| Fixed assets21/28 | €5.76M | €5.67M | €5.61M | €5.89M | €5.78M | ▼ 1.9% |
| Tangible fixed assets22/27 | €1.67M | €1.58M | €1.53M | €1.80M | €1.69M | ▼ 6.1% |
| Land and buildings22 | €1.64M | €1.57M | €1.52M | €1.68M | €1.60M | ▼ 4.4% |
| Furniture and vehicles24 | €24k | €17k | €11k | €122k | €85k | ▼ 29.8% |
| Financial fixed assets28 | €4.09M | €4.09M | €4.09M | €4.09M | €4.09M | = |
| Current assets29/58 | €363k | €436k | €335k | €201k | €231k | ▲ 15.0% |
| Stocks and contracts in progress3 | €204k | €219k | €82k | €82k | €82k | = |
| Stocks30/36 | €204k | €219k | €82k | €82k | €82k | = |
| Amounts receivable within one year40/41 | €125k | €196k | €209k | €87k | €114k | ▲ 31.1% |
| Trade receivables40 | €68k | €137k | €208k | €77k | €92k | ▲ 20.6% |
| Other amounts receivable41 | €57k | €58k | €282 | €10k | €21k | ▲ 112% |
| Cash at bank and in hand54/58 | €27k | €16k | €41k | €25k | €31k | ▲ 21.4% |
| Deferred charges and accrued income490/1 | €7k | €5k | €3k | €7k | €5k | ▼ 32.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €6.12M | €6.11M | €5.95M | €6.09M | €6.01M | ▼ 1.3% |
| Equity10/15 | €2.31M | €2.37M | €2.44M | €2.44M | €2.45M | ▲ 0.3% |
| Contributions10/11 | €1.38M | €1.38M | €1.38M | €1.38M | €1.38M | = |
| Reserves13 | €926k | €990k | €1.06M | €1.06M | €1.07M | ▲ 0.6% |
| Non-distributable reserves130/1 | €65k | €65k | €0 | - | - | - |
| Reserves not available under the articles1311 | €65k | €65k | €0 | - | - | - |
| Tax-exempt reserves132 | €40k | €35k | €30k | €26k | €20k | ▼ 20.8% |
| Distributable reserves133 | €820k | €890k | €1.03M | €1.04M | €1.05M | ▲ 1.2% |
| Provisions and deferred taxes16 | €343k | €342k | €340k | €339k | €337k | ▼ 0.5% |
| Provisions for liabilities and charges160/5 | €330k | €330k | €330k | €330k | €330k | = |
| Pensions and similar obligations160 | €330k | €330k | €330k | €330k | €330k | = |
| Deferred taxes168 | €13k | €12k | €10k | €9k | €7k | ▼ 20.8% |
| Amounts payable17/49 | €3.47M | €3.39M | €3.17M | €3.31M | €3.22M | ▼ 2.6% |
| Amounts payable after more than one year17 | €1.61M | €1.67M | €1.69M | €1.88M | €1.96M | ▲ 4.6% |
| Financial debts170/4 | €288k | €217k | €145k | €143k | €52k | ▼ 63.3% |
| Other amounts payable178/9 | €1.32M | €1.45M | €1.55M | €1.73M | €1.91M | ▲ 10.2% |
| Amounts payable within one year42/48 | €1.86M | €1.72M | €1.48M | €1.43M | €1.26M | ▼ 12.0% |
| Current portion of amounts payable after more than one year42 | €70k | €71k | €72k | €92k | €91k | ▼ 1.8% |
| Trade debts44 | €26k | €69k | €27k | €35k | €14k | ▼ 60.0% |
| Suppliers440/4 | €26k | €69k | €27k | €35k | €14k | ▼ 60.0% |
| Taxes, remuneration and social security45 | €62k | €88k | €86k | €66k | €54k | ▼ 18.3% |
| Taxes450/3 | €62k | €82k | €77k | €49k | €38k | ▼ 22.5% |
| Remuneration and social security454/9 | €826 | €6k | €10k | €17k | €16k | ▼ 6.3% |
| Other amounts payable47/48 | €1.70M | €1.49M | €1.29M | €1.24M | €1.10M | ▼ 11.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €148k | €64k | €66k | €6k | €7k | ▲ 17.6% |
| + Depreciation and write-downs630 | €83k | €84k | €87k | €133k | €114k | ▼ 14.6% |
| Operating cash flow (approximation) | €231k | €148k | €153k | €139k | €121k | ▼ 13.3% |
| Investment in fixed assets (approximation) | - | €0 | €-28k | €-407k | €-4k | ▲ 99.1% |
| Change in cash | - | €-11k | €25k | €-16k | €5k | ▲ 134% |
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
07-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
07-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Weakest financial yearnet €6k ▼91.5%
Net result drops to €6k, the lowest in the series; recovery starts the following year.
10-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
26-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Highest result since 2018net €148k ▲364%
Net result €148k, the highest in the series.
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
08-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
02-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
27-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
28-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
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.
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 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Thuin · 1 establishment unit since 2007
Ground area
1,420 m²
Building footprint
361 m²
Volume, LiDAR
2,284 m³
Parcel 56009A0294/00E000, Wallonia · tallest building 8.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Rue Fievez(BIE) 1, 6533 Thuin
since 20072.159.704.802
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 56009A0294/00E000 | Wallonia | 1,420 m² | 1 · 361 m² | 8.7 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
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
viabuild special services
BE 0427.211.061
Puurs-Sint-Amands · Eq €2,424,250
Intercommunale Vereniging voor de Ophaling van Afvalstoffen in de Gemeenten van de vroegere randfederatie Tervuren
BE 0219.198.818
Hoeilaart · Eq €2,420,635
ACHENE RECYCLAGE
BE 0477.656.308
Ciney · Eq €2,634,367
Transnubel
BE 0406.950.632
Sint-Joost-ten-Node · Eq €2,184,960
VINDEVOGEL INVEST
BE 0892.266.079
Oudenaarde · Eq €2,777,270
Of 61 companies in sector 38320 we hold annual accounts for 47. 25 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
Founded18-01-2007
Fiscal year end31-12
Activities, NACEBEL 2025
38320Waste collection, recovery and disposal activities
68122Development of non-residential building projects
23630Manufacture of other non-metallic mineral products
38330Waste collection, recovery and disposal activities
39000Remediation activities and other waste management service activities
Contact
Phone
071559111Thuin
Scores and ratios are computed by Checked and are not a credit decision.