Starting capital
€6.0m 6,000,000 shares
COBELLIVING
Overview
Lifetime
1 annual account with figurespeak -€66,629 (2025)
-€66,629
lowest -€123,498 (2025)
-€123,498
peak €5.9m (2025)
€5.9m
€2.0m
Board2 names since 2024
2 directorsDE BAERE Frédéric Jean Roland and 1 other
Documentsfilings and deeds
07-07-202624 days before the deadline
2025abbreviated format
Loss of €123,498First year with figures
Key points
from the 2025 annual accountsAt the same address
31 companies
Position in the sector
-€123,498
Lower net result than 90% of companies in real estate. Sector median €9,997 · 11,290 companies.
Turnover not published (abbreviated format)
Checked score
95
Excellent
Financially stronger than 61% of small companies in real estate (NACE 68)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 6,995 companies (NACE 68, small).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2025: 0.7%
01-2026: 0.7%● unchanged vs 12-2025
02-2026: 0.7%● unchanged vs 01-2026
03-2026: 0.8%▲ +0.1 percentage points vs 02-2026
04-2026: 0.8%● unchanged vs 03-2026
05-2026: 0.9%▲ +0.1 percentage points vs 04-2026
06-2026: 1.0%▲ +0.1 percentage points vs 05-2026
07-2026: 1.0%● unchanged vs 06-2026highest value
08-2026: < 0.1%▼ -1.0 percentage point vs 07-2026
09-2026: < 0.1%● unchanged vs 08-2026lowest value
10-2026: < 0.1%● unchanged vs 09-2026
11-2026: < 0.1%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
Founded in 2024
lowers risk
Size: total assets €7.9m
Sector: Real estate activities (NACE 68)
Figures for financial year 2025 (filed on 07-07-2026)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, small). It does better than 84% of them on solvency, 89% on liquidity and 10% on profitability.
The bankruptcy probability was computed on 08-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 1,274 companies had the same profile as COBELLIVING has now. Each dot stands for 4 companies, two years later.
95.0%
were still trading
4.2%
stopped another way
0.7%
went bankrupt
That fits the bankruptcy probability of COBELLIVING itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,274 companies, not a prediction for COBELLIVING. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €550,000 on 30-day terms, only on tighter conditions: young company (under 3 years) without a track record
Liquidity is ample, with a current ratio of 23.5, above the usual 1.5. Short-term debt is 0.5% and cash 9.9% of total assets. 25.7% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 · 1 filingDeviation from the deadline
2025
24 days early
← before the deadline
after the deadline →
Searched, nothing found (1)
Recent changes
Incorporation
Founding capital of €6,000,000, 6,000,000 shares, €1,000,000 paid up · Founder: L’ETOILE DU NORD FONCIERE · Appointments: DE BAERE Frédéric Jean Roland (director) and URBANIK Pierre Casimir Marcel (director) · published on 08-11-2024 · Gazette deed
First establishment
Tervurenlaan 242, Woluwe-Saint-Pierre
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| COBELLIVING Woluwe-Saint-Pierre | €7.9m | -€66,629 | 74.3% | - |
| MALEA-STRIMA Brussels | €9.0m | -€188,287 | -7.2% | - |
| R-Nest Wemmel | €6.8m | -€47,753 | 88.6% | - |
| Annabelle PAULS Investment & Service Waimes | €8.2m | -€5,941 | 99.9% | - |
| STARING REAL ESTATE Anderlecht | €6.0m | -€18,332 | -1.8% | - |
| Avenue Louise 418 Ixelles | €8.0m | -€74,902 | 40.8% | - |
| SCHUTTERSHOF Budgethuur Hasselt | €6.7m | -€25,429 | 24.4% | - |
These companies have the same main activity as COBELLIVING: renting and operating of own or leased residential real estate, excluding social housing (NACE 68201). They are comparable in size and age: total assets between €6m and €9m, founded between 2024 and 2025.
Official details
Source: KBO- Status
- Active since 06-11-2024Normal situation
- Registered office
- 32 active companies are registered at this addressSource: KBO register, as of 9 November 2026.
- Activity
- Renting and operating of own or leased residential real estate, excluding social housingNACE 68201
- Establishment unit
- 2.368.930.6341150 Woluwe-Saint-Pierre, since 06-11-2024
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Annual accounts 2025
- -€66,629
- €123,498
- €5.9m
- €7.9m
- Filing
- Filed on 07-07-2026, 24 days before the end of the filing period
Insights on COBELLIVING
COBELLIVING has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €5.9m and a net result of -€123,498.
Its solvency ranks better than 82% of 11,299 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
abbreviated format, filed on 07-07-2026, 24 days before the deadline-€66,629
-€97,693
-€123,498
€917,751
74.3%
23.50
Turnover and EBIT margin are not published. The abbreviated format does not require them.
Balance sheet
balance sheet total €7.9m on 31-12-2025What the company ownsHow it is paid for
Position in the sector
74.3%
Higher than 82% of 11,299 companies in 2025.
23.50
Higher than 95% of 10,851 companies in 2025.
-1.6%
Higher than 27% of 11,184 companies in 2025.
COBELLIVING
Middle half of the sector
80% of the sector
Abbreviated accounts in real estate (NACE 68)
Net result: bottom quarter · Equity: top quarter · Balance sheet total: top quarter · Working capital: top quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 |
|---|---|---|
| Balance sheet: assets | ||
20/58 |
7.9m | |
21/28 |
7.0m | |
22/27 |
7.0m | |
22 |
4.4m | |
27 |
2.6m | |
29/58 |
958,540 | |
40/41 |
170,398 | |
40 |
170,398 | |
54/58 |
784,015 | |
490/1 |
4,126 | |
| Balance sheet: equity and liabilities | ||
10/49 |
7.9m | |
10/15 |
5.9m | |
10/11 |
6.0m | |
14 |
-123,498 | |
17/49 |
2.0m | |
17 |
2.0m | |
170/4 |
2.0m | |
42/48 |
40,788 | |
44 |
40,715 | |
440/4 |
40,715 | |
45 |
73 | |
450/3 |
73 | |
| Income statement | ||
9900 |
-66,629 | |
630 |
19,558 | |
640/8 |
11,506 | |
9901 |
-97,693 | |
75/76B |
1 | |
76B |
1 | |
65/66B |
25,805 | |
65 |
25,805 | |
9903 |
-123,498 | |
9904 |
-123,498 | |
9905 |
-123,498 | |
| Appropriation of the result | ||
9906 |
-123,498 | |
14P |
0 | |
| Document | ||
The notes to these accounts have 13 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 07-07-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 07-07-2026 | 2026-00263178 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 |
|---|---|---|
| -78,135 | ||
| -103,940 | ||
| 7.0m | ||
| 917,751 | ||
| 74.3% | ||
| 23.50 | ||
| 0.35 | ||
| -2.1% | ||
| -1.6% | ||
| -3.03 |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Securities and guarantees
on own assets and for others| Item | 2025 |
|---|---|
| Debts secured on the company's own assets | €2.0m |
Source: notes to the 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
fixed assets acquired| Item | 2025 |
|---|---|
| Tangible fixed assets | €7.0m |
| €19,558 |
Source: notes to the 2025 annual accounts (statement of fixed assets)
Insights on COBELLIVING
Debt's share of the balance-sheet total is 25.7%.
Board & ownership
Board
2 directors, since incorporationDirector (not named in the articles)
since 06-11-2024
term without a fixed end
listed in the 2025 annual accounts, filed on 07-07-2026
Director (not named in the articles)
since 06-11-2024
term without a fixed end
listed in the 2025 annual accounts, filed on 07-07-2026
- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- “Article 11. Pouvoirs de l’organe d’administration S’il n’y a qu’un seul administrateur, la totalité des pouvoirs d’administration lui est…”deed of 08-11-2024
Mandates through the years
2 names, the dashed line is todayDE BAERE Frédéric Jean Roland
Director (not named in the articles)
Director (not named in the articles)
URBANIK Pierre Casimir Marcel
Director (not named in the articles)
Director (not named in the articles)
Board
Mandates as a list
- DE BAERE Frédéric Jean Roland
- Director (not named in the articles), from 06-11-2024 to date
- URBANIK Pierre Casimir Marcel
- Director (not named in the articles), from 06-11-2024 to date
Control
Capital
- Contribution
- €6,000,000
- Shares
- 6,000,000
- Contribution per share
- €1
- Equity per share
- €0.98 in 2025
- Source
- deed of 08-11-2024
Articles of association
deed of 08-11-2024 (in French)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Second Monday of June
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
Shareholders
At incorporation
deed of 08-11-2024 ↗
- L’ETOILE DU NORD FONCIERE (BE 0648.718.380) 6,000,000 shares (100%) · €6,000,000 in cash
Network & group
No group
COBELLIVING has no parent and no holdings in its annual accounts. COBELLIVING shares no director with another company.
At the same address
Tervurenlaan 242A, 1150 Woluwe-Saint-Pierre · 31 other companies| KanAm Grund Kapitalverwaltungsgesellschaft mbh
establishment since 12-12-2006 · founded in 2004 |
turnover €21.2m (2019) 0886.580.295 |
| KANAM GRUND LE CORREGE
registered office since 17-12-2019 · founded in 2019 |
total assets €37.6m (2025) 0739.696.561 |
| Monteco
registered office since 20-12-2021 · founded in 2021 · group ACKERMANS & VAN HAAREN |
total assets €33.5m (2025) 0778.841.803 |
| SOUTH CRYSTAL PROPCO
registered office since 03-09-2020 · founded in 2020 |
total assets €29.8m (2025) 0753.647.933 |
| HOTELS BY C
registered office since 17-02-2017 · founded in 2017 |
total assets €29.5m (2025) 0671.581.181 |
| CLD Maasmechelen 1
registered office since 30-11-2023 · founded in 2023 |
total assets €28.2m (2025) 1002.867.855 |
| BUNTO
registered office since 07-04-2023 · founded in 2023 |
total assets €22.8m (2025) 0800.584.946 |
| CER III Belgium 01
registered office since 22-07-2020 · founded in 2020 |
total assets €22.3m (2025) 0750.903.031 |
| SANOMIX
registered office since 20-05-2003 · founded in 2003 |
total assets €18.0m (2025) 0479.602.345 |
| ADP16 Brussels
registered office since 12-05-2011 · founded in 2011 |
total assets €15.2m (2025) 0836.244.720 |
Timeline
Timeline
3 events since 2024Filings
Establishments
202420252026
2026
Annual accounts 2025 filed NBBabbreviated format · 24 days before the deadline
2024
IncorporationFounding capital of €6,000,000, 6,000,000 shares, €1,000,000 paid up · Founder: L’ETOILE DU NORD FONCIERE · Appointments: DE BAERE Frédéric Jean Roland (director) and URBANIK Pierre Casimir Marcel (director) · published on 08-11-20245 points ▸
- Founding capital, €6,000,000, 6,000,000 shares
- Founder, L’ETOILE DU NORD FONCIERE
- Registered office clause, avenue de Tervueren 242A, 1150 Woluwe-Saint-Pierre
- Director appointment, DE BAERE Frédéric Jean Roland (director (not named in the articles))
- Director appointment, URBANIK Pierre Casimir Marcel (director (not named in the articles))
- The deed holds 9 more points.
First establishment Tervurenlaan 242, Woluwe-Saint-Pierre
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
Company details
Identity
- Enterprise number
- 1015.934.547
- VAT number
- BE 1015.934.547
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 06-11-2024
- Financial year
- ends on 31 December
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Second Monday of Junedeed of 08-11-2024 (in French)
- Peppol
- Not found in the Peppol Directory
- Name
- COBELLIVING in French
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 08-11-2024 (in French)
Activities
NACEBEL 202568201
Renting and operating of own or leased residential real estate, excluding social housing main activity
Codes under NACEBEL 2008
68201
Real estate activities main activity
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “L’acquisition,la vente,la location et la prise à bail de tous biens meubles ou immeubles bâtis ou non bâtis,fonds de commerce,la gérance…”deed of 08-11-2024 (in French)
5 activities
- L’acquisition,la vente,la location et la prise à bail de tous biens meubles ou immeubles bâtis ou non bâtis,fonds de commerce,la gérance immobilière,la promotion immobilière et,plus généralement,toutes transactions immobilières
- La prise de participations au capital de toutes sociétés existantes ou nouvelles et la gestion de ces participations
- L’administration ou l’exploitation par bail,location ou autrement des biens immobiliers susvisés et de tous les immeubles dont la Société pourrait devenir propriétaire ultérieurement par voie d’acquisition,d’échange,d’apports en société ou autrement
- L’emprunt de tous fonds nécessaires à la réalisation de cet objet notamment par prêt,opérations de crédit-bail ou autrement
- Et plus généralement toutes opérations industrielles,commerciales,financières,mobilières ou immobilières pouvant se rattacher directement ou indirectement à l'objet social ci-dessus spécifié ou à tout autre objet similaire ou connexe
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Tervurenlaan 242A registered office 1150 Woluwe-Saint-Pierre | ||
| Tervurenlaan 242 1150 Woluwe-Saint-Pierre | 06-11-2024 | 2.368.930.634 |
Buildings and parcels at the address
- Ground area
- 984 m²
- Buildings
- 330 m²
- Volume, LiDAR
- 8,223 m³
- Tallest building
- 29.4 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 21019A0199/02B002 | 984 m² | 1 · 330 m² | 29.4 m · 9 |