COBEN
ActiveSummary
The computed 12-month bankruptcy probability of COBEN is 8.4% (elevated). The 2025 annual accounts show negative equity (-€3,218) and a net result of -€32,182. Equity is growing by ~29.3% per year across the filed fiscal years. Its solvency ranks better than 24% of 13617 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability4▼-76
Solvency23▼-17
Growth32▼-46
Track record100
Bankruptcy probability, 12 months
8.4%
Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.84 against 0.99 in 2024; short-term debt: 42.2% and cash: 11.7% of total assets), and equity is negative.
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Signals
Six signals. The signal on the left, the evidence on the right.
+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 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-2.2%
Return on assets
-22.3%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
202122232425
2020 to 2025 · latest year -€3,218
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 13-07-2026, 18 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
18 d early
2024
30 d early
2023
1 d early
2022
14 d late
2021
12 d late
2020
26 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 1 day after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 53% of the sector filed late.
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. Usually files around 31 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€3,218
2024 · €26,095
Total assets
€144,430▼ 15.9%
2024 · €171,652
Net result
-€32,182
2024 · €15,197
Working capital
-€9,776▼ 1,381%
2024 · -€660
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€5,333€3,687▼ 30.9%€10,012▲ 172%€23,153▲ 131%-€29,874
Net result€11,179within the sector's middle half€4,626within the sector's middle half▼ 58.6%€8,464within the sector's middle half▲ 83.0%€15,197within the sector's middle half▲ 79.5%-€32,182below the sector's middle half
Equity€12,809within the sector's middle half▲ 686%€17,435within the sector's middle half▲ 36.1%€25,899within the sector's middle half▲ 48.5%€26,095within the sector's middle half▲ 0.8%-€3,218below the sector's middle half
Total assets€147,850within the sector's middle half▼ 3.0%€160,398within the sector's middle half▲ 8.5%€175,876within the sector's middle half▲ 9.6%€171,652within the sector's middle half▼ 2.4%€144,430within the sector's middle half▼ 15.9%
Debt€135,041▼ 10.4%€142,963▲ 5.9%€149,978▲ 4.9%€145,557▼ 2.9%€147,648▲ 1.4%
Working capital€14,057within the sector's middle half▲ 858%-€3,537within the sector's middle half€2,184within the sector's middle half-€660within the sector's middle half-€9,776within the sector's middle half▼ 1,381%
Solvency8.7%within the sector's middle half▲ 7.6pp10.9%within the sector's middle half▲ 2.2pp14.7%within the sector's middle half▲ 3.9pp15.2%within the sector's middle half▲ 0.5pp-2.2%below the sector's middle half▼ 17.4pp
Current ratio1.86within the sector's middle half▲ 0.790.91within the sector's middle half▼ 0.951.07within the sector's middle half▲ 0.150.99within the sector's middle half▼ 0.080.84within the sector's middle half▼ 0.15
Return on assets (ROA)7.6%within the sector's middle half▲ 19.6pp2.9%within the sector's middle half▼ 4.7pp4.8%within the sector's middle half▲ 1.9pp8.9%within the sector's middle half▲ 4.0pp-22.3%below the sector's middle half▼ 31.1pp
Staff (FTE)0.31▲ 233%1=1=
above
within
below
the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €29,874 after €23,153 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €144,430
Fixed assets
€93,262 ▼ 23.1%
Current assets
€51,167 ▲ 1.5%
Key figures and ratios
EBITDA
€1,194▼
2024 · €55,446
Cash flow
-€1,115▼
2024 · €47,489
Debt to equity
-45.88▼
2024 · 5.58
Interest coverage
0.50▼
2024 · 10.43
Debt ≤ 1 year
€60,944▲
2024 · €51,086
Debt > 1 year
€86,304▼
2024 · €94,470
Income taxes
€141▼
2024 · €2,643
Staff costs
€46,006▲
2024 · €35,517
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,010 companies that looked in July 2024 the way this one looks now, 7.9% went bankrupt within 24 months and 83% are still going.
- Micro
- 5 to 10 years old
- negative equity
- a loss of 10% of the balance sheet or more
7.9%
went bankrupt
8.4%
stopped otherwise
83%
still going
A further 0.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 8.4% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 6,010 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €1,886 | €16,788 | €35,517 | €46,006 | ▲ 29.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €20,905 | €23,693 | €29,410 | €32,292 | €31,068 | ▼ 3.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €451 | €0 | - | - | - |
| Other operating charges640/8 | €3,547 | €1,488 | €1,400 | €1,805 | €1,808 | ▲ 0.2% |
| Gross operating margin9900 | €29,785 | €31,205 | €57,609 | €92,768 | €49,008 | ▼ 47.2% |
| Operating profit (loss)9901 | €5,333 | €3,687 | €10,012 | €23,153 | -€29,874 | ▼ 229% |
| Financial income75/76B | €8,060 | €4,004 | €2,094 | €0 | €200 | - |
| Recurring financial income75 | €8,060 | €4,004 | €2,094 | €0 | €200 | - |
| Financial charges65/66B | €2,037 | €2,930 | €3,516 | €5,314 | €2,367 | ▼ 55.5% |
| Recurring financial charges65 | €2,037 | €2,930 | €3,516 | €5,314 | €2,367 | ▼ 55.5% |
| Profit (loss) for the period before taxes9903 | €11,356 | €4,761 | €8,590 | €17,839 | -€32,041 | ▼ 280% |
| Income taxes67/77 | €178 | €135 | €126 | €2,643 | €141 | ▼ 94.7% |
| Profit (loss) for the period9904 | €11,179 | €4,626 | €8,464 | €15,197 | -€32,182 | ▼ 312% |
| Profit (loss) for the period to be appropriated9905 | €11,179 | €4,626 | €8,464 | €15,197 | -€32,182 | ▼ 312% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €147,850 | €160,398 | €175,876 | €171,652 | €144,430 | ▼ 15.9% |
| Fixed assets21/28 | €117,489 | €123,851 | €140,371 | €121,226 | €93,262 | ▼ 23.1% |
| Intangible fixed assets21 | €17,389 | €14,264 | €11,139 | €8,014 | €4,889 | ▼ 39.0% |
| Tangible fixed assets22/27 | €94,490 | €109,377 | €129,023 | €113,002 | €88,164 | ▼ 22.0% |
| Plant, machinery and equipment23 | €15,292 | €27,115 | €25,195 | €25,514 | €22,752 | ▼ 10.8% |
| Furniture and vehicles24 | €61,855 | €49,073 | €34,808 | €26,058 | €14,281 | ▼ 45.2% |
| Other tangible fixed assets26 | €17,343 | €33,189 | €69,020 | €61,430 | €51,131 | ▼ 16.8% |
| Financial fixed assets28 | €5,610 | €210 | €210 | €210 | €210 | = |
| Current assets29/58 | €30,361 | €36,548 | €35,505 | €50,426 | €51,167 | ▲ 1.5% |
| Stocks and contracts in progress3 | €7,500 | €9,435 | €1,441 | €9,802 | €0 | ▼ 100% |
| Stocks30/36 | €7,500 | €9,435 | €1,441 | €9,802 | €0 | ▼ 100% |
| Amounts receivable within one year40/41 | €1,345 | €5,652 | €4,098 | €2,570 | €1,281 | ▼ 50.2% |
| Trade receivables40 | - | €624 | €2,917 | €1,452 | €0 | ▼ 100% |
| Other amounts receivable41 | €1,345 | €5,028 | €1,181 | €1,118 | €1,281 | ▲ 14.6% |
| Current investments50/53 | €8,000 | €14,000 | €20,000 | €26,000 | €32,194 | ▲ 23.8% |
| Cash at bank and in hand54/58 | €12,849 | €5,758 | €5,499 | €9,569 | €16,848 | ▲ 76.1% |
| Deferred charges and accrued income490/1 | €668 | €1,703 | €4,467 | €2,485 | €844 | ▼ 66.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €147,850 | €160,398 | €175,876 | €171,652 | €144,430 | ▼ 15.9% |
| Equity10/15 | €12,809 | €17,435 | €25,899 | €26,095 | -€3,218 | ▼ 112% |
| Contributions10/11 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Profit (loss) carried forward14 | -€7,191 | -€2,565 | €5,899 | €6,095 | -€26,087 | ▼ 528% |
| Investment grants15 | - | - | - | - | €2,869 | - |
| Amounts payable17/49 | €135,041 | €142,963 | €149,978 | €145,557 | €147,648 | ▲ 1.4% |
| Amounts payable after more than one year17 | €118,737 | €102,879 | €116,656 | €94,470 | €86,304 | ▼ 8.6% |
| Financial debts170/4 | €118,737 | €102,879 | €116,656 | €94,470 | €86,304 | ▼ 8.6% |
| Amounts payable within one year42/48 | €16,304 | €40,084 | €33,322 | €51,086 | €60,944 | ▲ 19.3% |
| Current portion of amounts payable after more than one year42 | €7,732 | €7,858 | €13,604 | €14,572 | €8,166 | ▼ 44.0% |
| Trade debts44 | €3,626 | €15,915 | €12,792 | €8,326 | €16,194 | ▲ 94.5% |
| Suppliers440/4 | €3,626 | €15,915 | €12,792 | €8,326 | €16,194 | ▲ 94.5% |
| Taxes, remuneration and social security45 | €3,162 | €3,830 | €6,926 | €15,439 | €12,290 | ▼ 20.4% |
| Taxes450/3 | €144 | €135 | €2,316 | €9,099 | €4,630 | ▼ 49.1% |
| Remuneration and social security454/9 | €3,018 | €3,695 | €4,610 | €6,340 | €7,660 | ▲ 20.8% |
| Other amounts payable47/48 | €1,784 | €12,482 | €0 | €12,750 | €24,293 | ▲ 90.5% |
| Accrued charges and deferred income492/3 | - | - | - | - | €400 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €11,179 | €4,626 | €8,464 | €15,197 | -€32,182 | ▼ 312% |
| + Depreciation and write-downs630 | €20,905 | €23,693 | €29,410 | €32,292 | €31,068 | ▼ 3.8% |
| Operating cash flow (approximation) | €32,084 | €28,320 | €37,873 | €47,489 | -€1,115 | ▼ 102% |
| Investment in fixed assets (approximation) | - | -€30,055 | -€45,930 | -€13,147 | -€3,104 | ▲ 76.4% |
| Change in cash | - | -€7,091 | -€259 | €4,070 | €7,279 | ▲ 78.8% |
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
13-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet -€32,182
Net result drops to -€32,182, the lowest in the series.
01-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2020net €15,197 ▲79.5%
Operating result €23,153, net result €15,197, both a record.
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
14-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 14 days late
2022
12-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 12 days late
2021
31-12
Financial
Back to profitnet €11,179
Net result €11,179 after one loss-making year.
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 26 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Oudergem · 1 establishment unit since 2019
Ground area
164 m²
Building footprint
91 m²
Volume, LiDAR
579 m³
Parcel 21332B0060/00R015, Brussels · tallest building 10.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Coben
since 20192.291.803.558
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21332B0060/00R015 | Brussels | 164 m² | 1 · 91 m² | 10.6 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteOudergem2.291.803.558
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Of 20,509 companies in sector 56111 we hold annual accounts for 11,464. 9,268 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
Founded26-07-2019
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
E-invoicing
Reachable via Peppol
Peppol ID
0208:0731627151
Also
9925:BE0731627151
Registered
06-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.