COBIBE
ActiveSummary
The computed 12-month bankruptcy probability of COBIBE is 2.8% (moderate). The 2025 annual accounts show negative equity (-€8,473) and a net result of -€2,777. Equity is growing by ~16.1% per year across the filed fiscal years. Its solvency ranks better than 5% of 7930 sector peers (fiscal year 2025). The company has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-12
Solvency0▼-15
Growth52=
Track record100
Bankruptcy probability, 12 months
2.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.52 against 0.9 in 2024; short-term debt: 187.9% and cash: 18.8% of total assets), and equity is negative.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
-87.9%
Return on assets
-28.8%
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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€8,473
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 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
30 d late
2023
58 d late
2022
31 d late
2021
2 d early
2020
27 d late
2019
61 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 29 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% 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 30 August (4 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, abbreviated schema
Turnover
€363,968
EBIT margin
3.0%
Net result
-€2,777▲ 14.7%
2024 · -€3,255
Working capital
-€8,723▼ 35.7%
2024 · -€6,430
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction 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
Turnover
Operating result€1,915▼ 83.1%€9,870▲ 416%-€7,246-€224▲ 96.9%-€2,015▼ 801%
Net result-€2,526below the sector's middle half€10,150within the sector's middle half-€2,225below the sector's middle half-€3,255below the sector's middle half▼ 46.3%-€2,777below the sector's middle half▲ 14.7%
EBIT margin
Equity-€17,476below the sector's middle half▼ 16.9%-€7,327below the sector's middle half▲ 58.1%-€2,441below the sector's middle half▲ 66.7%-€5,696below the sector's middle half▼ 133%-€8,473below the sector's middle half▼ 48.7%
Total assets€34,249below the sector's middle half▼ 58.7%€71,376below the sector's middle half▲ 108%€81,368below the sector's middle half▲ 14.0%€55,647below the sector's middle half▼ 31.6%€9,636below the sector's middle half▼ 82.7%
Debt€51,726▼ 47.1%€78,702▲ 52.2%€83,809▲ 6.5%€61,343▼ 26.8%€18,109▼ 70.5%
Working capital-€21,245below the sector's middle half▲ 10.2%-€3,188below the sector's middle half▲ 85.0%€6,096below the sector's middle half-€6,430below the sector's middle half-€8,723below the sector's middle half▼ 35.7%
Solvency-51.0%below the sector's middle half▼ 33.0pp-10.3%below the sector's middle half▲ 40.8pp-3.0%below the sector's middle half▲ 7.3pp-10.2%below the sector's middle half▼ 7.2pp-87.9%below the sector's middle half▼ 77.7pp
Current ratio0.55below the sector's middle half▼ 0.190.95below the sector's middle half▲ 0.411.08below the sector's middle half▲ 0.130.90below the sector's middle half▼ 0.190.52below the sector's middle half▼ 0.38
Return on assets (ROA)-7.4%below the sector's middle half▼ 10.9pp14.2%above the sector's middle half▲ 21.6pp-2.7%below the sector's middle half▼ 17.0pp-5.8%below the sector's middle half▼ 3.1pp-28.8%below the sector's middle half▼ 23.0pp
Staff (FTE)3within the sector's middle half▲ 11.1%3within the sector's middle half=3within the sector's middle half=2within the sector's middle half▼ 33.3%0below the sector's middle half▼ 100%
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €2,015 in 2025 against €224 in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €9,636
Fixed assets
€250 ▼ 65.9%
Current assets
€9,386 ▼ 82.9%
Key figures and ratios
EBITDA
-€1,531▼
2024 · €283
Cash flow
-€2,293▲
2024 · -€2,749
Debt to equity
-2.14▲
2024 · -10.77
Interest coverage
-2.01▼
2024 · 0.08
Debt ≤ 1 year
€18,109▼
2024 · €61,343
Income taxes
€0▼
2024 · €1,581
Staff costs
€0▼
2024 · €126,525
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,622 companies that looked in July 2024 the way this one looks now, 4.6% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- negative equity
- a loss of 10% of the balance sheet or more
4.6%
went bankrupt
10.0%
stopped otherwise
84%
still going
A further 1.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.8% 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 6,622 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 | €156,194 | €168,420 | €142,917 | €126,525 | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,006 | €3,674 | €506 | €506 | €484 | ▼ 4.4% |
| Other operating charges640/8 | €2,301 | €25 | €422 | €244 | €247 | ▲ 1.3% |
| Non-recurring operating charges66A | €0 | €960 | €170 | €2,708 | €13 | ▼ 99.5% |
| Gross operating margin9900 | €168,416 | €182,949 | €136,769 | €129,759 | -€1,272 | ▼ 101% |
| Operating profit (loss)9901 | €1,915 | €9,870 | -€7,246 | -€224 | -€2,015 | ▼ 801% |
| Financial income75/76B | €1 | €6,390 | €5,897 | €1,943 | €0 | ▼ 100% |
| Recurring financial income75 | €1 | €55 | €179 | €0 | €0 | ▼ 100% |
| Non-recurring financial income76B | - | €6,335 | €5,718 | €1,943 | €0 | ▼ 100% |
| Financial charges65/66B | €3,107 | €2,347 | €876 | €3,394 | €761 | ▼ 77.6% |
| Recurring financial charges65 | €3,107 | €2,347 | €876 | €3,394 | €761 | ▼ 77.6% |
| Profit (loss) for the period before taxes9903 | -€1,192 | €13,913 | -€2,225 | -€1,674 | -€2,777 | ▼ 65.9% |
| Income taxes67/77 | €1,335 | €3,763 | €0 | €1,581 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | -€2,526 | €10,150 | -€2,225 | -€3,255 | -€2,777 | ▲ 14.7% |
| Profit (loss) for the period to be appropriated9905 | -€2,526 | €10,150 | -€2,225 | -€3,255 | -€2,777 | ▲ 14.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €34,249 | €71,376 | €81,368 | €55,647 | €9,636 | ▼ 82.7% |
| Fixed assets21/28 | €8,589 | €4,914 | €1,240 | €734 | €250 | ▼ 65.9% |
| Tangible fixed assets22/27 | €8,339 | €4,664 | €990 | €484 | €0 | ▼ 100% |
| Plant, machinery and equipment23 | €2,003 | €1,496 | €990 | €484 | €0 | ▼ 100% |
| Furniture and vehicles24 | €0 | - | - | - | - | - |
| Leasing and similar rights25 | €6,336 | €3,168 | €0 | - | - | - |
| Financial fixed assets28 | €250 | €250 | €250 | €250 | €250 | = |
| Current assets29/58 | €25,661 | €66,461 | €80,127 | €54,913 | €9,386 | ▼ 82.9% |
| Amounts receivable within one year40/41 | €11,315 | €44,536 | €79,401 | €54,203 | €7,571 | ▼ 86.0% |
| Trade receivables40 | €3,295 | €43,041 | €79,401 | €51,451 | €3,679 | ▼ 92.8% |
| Other amounts receivable41 | €8,019 | €1,495 | €0 | €2,752 | €3,892 | ▲ 41.4% |
| Cash at bank and in hand54/58 | €10,624 | €21,651 | €726 | €710 | €1,815 | ▲ 156% |
| Deferred charges and accrued income490/1 | €3,722 | €274 | €0 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €34,249 | €71,376 | €81,368 | €55,647 | €9,636 | ▼ 82.7% |
| Equity10/15 | -€17,476 | -€7,327 | -€2,441 | -€5,696 | -€8,473 | ▼ 48.7% |
| Contributions10/11 | €12,500 | €12,500 | €12,500 | €12,500 | €12,500 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | -€31,836 | -€21,687 | -€16,801 | -€20,056 | -€22,833 | ▼ 13.8% |
| Amounts payable17/49 | €51,726 | €78,702 | €83,809 | €61,343 | €18,109 | ▼ 70.5% |
| Amounts payable after more than one year17 | €4,820 | €1,943 | €0 | - | - | - |
| Financial debts170/4 | €4,820 | €1,943 | €0 | - | - | - |
| Amounts payable within one year42/48 | €46,906 | €69,649 | €74,032 | €61,343 | €18,109 | ▼ 70.5% |
| Current portion of amounts payable after more than one year42 | €0 | €2,876 | €1,943 | €0 | - | - |
| Financial debts43 | €2,597 | - | - | - | - | - |
| Other loans439 | €2,597 | - | - | - | - | - |
| Trade debts44 | €2,716 | €13,234 | €20,436 | €7,732 | €0 | ▼ 100% |
| Suppliers440/4 | €2,716 | €13,234 | €20,436 | €7,732 | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | €8,085 | €12,953 | €5,659 | €1,929 | €1,929 | = |
| Taxes450/3 | €2,003 | €5,498 | €3,919 | €1,929 | €1,929 | = |
| Remuneration and social security454/9 | €6,082 | €7,455 | €1,740 | €0 | - | - |
| Other amounts payable47/48 | €33,508 | €40,585 | €45,994 | €51,682 | €16,180 | ▼ 68.7% |
| Accrued charges and deferred income492/3 | - | €7,110 | €9,777 | €0 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€2,526 | €10,150 | -€2,225 | -€3,255 | -€2,777 | ▲ 14.7% |
| + Depreciation and write-downs630 | €8,006 | €3,674 | €506 | €506 | €484 | ▼ 4.4% |
| Operating cash flow (approximation) | €5,480 | €13,824 | -€1,718 | -€2,749 | -€2,293 | ▲ 16.6% |
| Investment in fixed assets (approximation) | - | €0 | €3,168 | €0 | €0 | - |
| Change in cash | - | €11,027 | -€20,925 | -€17 | €1,106 | ▲ 6,657% |
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
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 30 days late
2024
31-12
Financial
Weakest financial yearnet -€3,255
Net result drops to -€3,255, the lowest in the series; recovery starts the following year.
27-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 58 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
2022
31-12
Financial
Back to profitnet €10,150
Net result €10,150 after one loss-making year.
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 27 days late
2020
31-12
Financial
Back to profitnet €2,958
Net result €2,958 after one loss-making year.
30-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 61 days late
2019
22-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 22 days late
2018
04-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
26-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
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, Brussel · 1 establishment unit since 2005
Ground area
2,224 m²
Building footprint
440 m²
Volume, LiDAR
12,565 m³
Parcel 21805E0463/00Z002, Brussels · tallest building 34.3 m, ±10 floors. Linked by address, not a title deed.
1 establishment unit
COBIBA BVBA
since 20052.147.155.277
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21805E0463/00Z002indicative | Brussels | 2,224 m² | 1 · 440 m² | 34.3 m · 10 fl. |
Linked by address, not proof of ownership
Good to know
0 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 15,524 companies in sector 43990 we hold annual accounts for 7,427. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded25-05-2005
Fiscal year end31-12
Activities, NACEBEL 2025
43990Other specialised construction activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0874042848
Also
9925:BE0874042848
Registered
24-09-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.