COBIMO
ActiveSummary
COBIMO has been active since 1994 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.1m and a net result of €42,677. Equity has been growing by about 11% per year since 2019. Its solvency ranks better than 60% of 5,036 sector peers (NACE 47, financial year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 17-10-1994 Normal situation
- Activity
- Retail sale of watches and jewellery NACE 47770
- Joint committee
- 201 Paritair Comité voor de zelfstandige kleinhandel · annual accounts 2024
- Establishment units
- 2.069.438.580 1050 Elsene, since 20-12-1994
- 2.247.346.478 1040 Etterbeek, since 01-09-1995and 1 other
- Financial year end
- 31 December
- Peppol
- Reachable since 14-02-2025
Board and ownership
Board
- COSYNS Emmanuel Jacques MarcelChair
- COSYNS Léa Elodie GéraldineDirector · since 04-10-2022
- COSYNS Olivia Ingrid GéraldineDirector · since 04-10-2022
- Holdings
- Shares in 1 company JOAILLERIE SCHEPENS
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.6%
Annual accounts 2025
- Gross margin
- €506,991
- ▲ 75.4%
- Turnover
- ≈ €1.8m
- estimated
- Profit
- €42,677
- Equity
- €1.1m
- ▲ 4.2%
- Total assets
- €2.3m
- ▼ 16.1%
- Employees on 31-12-2025
- 4
- ▼ 20.0%
- 2025 accounts filed 90 days after the deadline
Filed on 29-10-2026
Score breakdownraises riskLast filed accounts filed 90 days late; 3 of the last 3 accounts lateLiquidity: current ratio 1.56, cash €35,501lowers riskFounded in 1994Size: 4.1 FTE, total assets €2.3mShow the evidence
Checked score
Score 2025
70
/ 100
Healthy
Probability in this band: 0.55% to 1.5%
Financially stronger than 45% of micro companies in retail trade (NACE 47)
Financial strength · tick: 2024
Average
Solvency
70+9
equity 45.1% of total assets
Liquidity
28+6
short-term debt 48.6% · cash 1.5%
Profitability
66+50
return on assets 1.8%
Bankruptcy probability within 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.7%
01-2025: 0.7%● unchanged vs 12-2024
02-2025: 0.7%● unchanged vs 01-2025
03-2025: 0.8%▲ +0.1 percentage points vs 02-2025
04-2025: 0.8%● unchanged vs 03-2025
05-2025: 0.8%● unchanged vs 04-2025
06-2025: 0.8%● unchanged vs 05-2025
07-2025: 1.1%▲ +0.3 percentage points vs 06-2025
08-2025: 1.8%▲ +0.7 percentage points vs 07-2025
09-2025: 2.0%▲ +0.2 percentage points vs 08-2025
10-2025: 2.8%▲ +0.8 percentage points vs 09-2025highest value
11-2025: 1.4%▼ -1.4 percentage points vs 10-2025
12-2025: 1.4%● unchanged vs 11-2025
01-2026: 1.4%● unchanged vs 12-2025
02-2026: 1.4%● unchanged vs 01-2026
03-2026: 1.6%▲ +0.2 percentage points vs 02-2026
04-2026: 1.6%● unchanged vs 03-2026
05-2026: 1.6%● unchanged vs 04-2026
06-2026: 1.5%▼ -0.1 percentage points vs 05-2026
07-2026: 1.6%▲ +0.1 percentage points vs 06-2026
08-2026: 2.5%▲ +0.9 percentage points vs 07-2026
09-2026: 2.8%▲ +0.3 percentage points vs 08-2026
10-2026: 0.6%▼ -2.2 percentage points vs 09-2026lowest value
11-2026: 0.6%● unchanged vs 10-2026lowest value
Credit of up to €70,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.56 (1.08 in 2024), above the usual 1.5. Short-term debt is 48.6% and cash 1.5% of total assets. However, 54.9% of the assets are financed with debt and provisions.
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 47, micro). It does better than 60% of them on solvency, 25% on liquidity, 47% on profitability and 50% on growth.
The bankruptcy probability was computed on 01-11-2026 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.
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).
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 risk
raises risk · 2025 accounts filed 90 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-10-2026, 90 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
90 days late
2024
92 days late
2023
92 days late
2022
18 days late
2022
101 days early
2021
38 days early
2020
1 day early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 22 days after the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 30 October (3 of the last 4 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
02-11-2026 today31-12-2026 year end31-07-2027 deadline
Financials
Financials · financial year 2025, full format
2025 annual accounts filed 90 days after the deadline Filed on 29 October 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00594144.
Annual accounts 2025 filed on 29-10-2026 at the NBB all 31 filings
Turnover
≈ €1.8m
Estimated: probably between €1.4m and €3.0m
EBIT margin
Not included in this filing
Net result
€42,677
2024 · -€96,933
Working capital
€634,516▲ 386%
2024 · €130,528
Trend over the years
2022 to 2025, 5 financial years 2019 to 2025, 8 financial years
Several financial years end in the same calendar year, so there is no annual trend.
Operating result€0.1m
2025
Net result€0.04m
2025
Total assets€2.3m
2025
Equity€1.1m
2025
Debt€1.3m
2025
Working capital€0.6m
2025
Return on assets (ROA)1.8%
2025
Solvency45.1%
2025
Current ratio1.56
2025
Staff (FTE)4.1
2025
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Average staff per financial year, in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Retail trade (NACE 47). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio, return on assets (ROA) and staff (FTE).
Every figure with its change against the financial year before
favourable
unfavourable
Line20192020202120222022202320242025
Operating result€0.09m-€0.1m▲ 10.3%€0.1m▲ 33.3%€0.2m▲ 81.4%€0.3m-€0.2m▼ 26.7%-€0.05m€0.1m
Net result€0.03m-€0.03m▲ 13.1%€0.07mwithin the sector's middle half▲ 133%€0.1mabove the sector's middle half▲ 93.8%€0.2mabove the sector's middle half-€0.1mwithin the sector's middle half▼ 32.9%-€0.1mbelow the sector's middle half€0.04mwithin the sector's middle half
Equity€0.6m-€0.6m▲ 5.1%€0.7mabove the sector's middle half▲ 11.4%€0.8mabove the sector's middle half▲ 19.8%€1.0mabove the sector's middle half-€1.1mabove the sector's middle half▲ 10.3%€1.0mabove the sector's middle half▼ 8.8%€1.1mwithin the sector's middle half▲ 4.2%
Total assets€2.5m-€2.5m▼ 2.7%€2.5mabove the sector's middle half▲ 3.2%€2.6mabove the sector's middle half▲ 3.4%€2.8mabove the sector's middle half-€2.9mabove the sector's middle half▲ 4.4%€2.8mabove the sector's middle half▼ 5.0%€2.3mwithin the sector's middle half▼ 16.1%
Debt€1.9m-€1.8m▼ 5.2%€1.8m▲ 0.3%€1.8m▼ 3.0%€1.8m-€1.8m▲ 1.1%€1.8m▼ 2.7%€1.3m▼ 27.7%
Working capital-€0.06m--€0.08m▼ 35.0%-€0.04mbelow the sector's middle half▲ 58.2%-€0.04mbelow the sector's middle half▼ 0.2%€0.09mwithin the sector's middle half-€0.2mwithin the sector's middle half▲ 60.6%€0.1mwithin the sector's middle half▼ 14.1%€0.6mwithin the sector's middle half▲ 386%
Solvency23.9%-25.8%▲ 1.9pp27.8%within the sector's middle half▲ 2.1pp32.3%within the sector's middle half▲ 4.4pp35.8%within the sector's middle half-37.8%within the sector's middle half▲ 2.0pp36.3%within the sector's middle half▼ 1.5pp45.1%within the sector's middle half▲ 8.8pp
Current ratio0.96-0.95▼ 0.010.98below the sector's middle half▲ 0.030.98below the sector's middle half=1.06within the sector's middle half-1.08within the sector's middle half▲ 0.031.08within the sector's middle half=1.56within the sector's middle half▲ 0.48
Return on assets (ROA)1.1%-1.3%▲ 0.2pp2.8%within the sector's middle half▲ 1.6pp5.3%within the sector's middle half▲ 2.5pp5.5%within the sector's middle half-3.5%within the sector's middle half▼ 2.0pp-3.5%below the sector's middle half▼ 7.0pp1.8%within the sector's middle half▲ 5.3pp
Staff (FTE)7.5-6.9▼ 8.0%5.8within the sector's middle half▼ 15.9%6.4within the sector's middle half▲ 10.3%7.2within the sector's middle half-6.3within the sector's middle half▼ 12.5%5.2within the sector's middle half▼ 17.5%4.1within the sector's middle half▼ 21.2%
above
within
below
The sector band is the middle half of the companies in Retail trade (NACE 47). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.3m
Fixed assets
€562,177 ▼ 46.9%
Current assets
€1.8m ▲ 2.9%
Equity and liabilities €2.3m
Equity
€1.1m ▲ 4.2%
Debt
€1.3m ▼ 27.7%
Debt's share of the balance-sheet total falls from 63.7% to 54.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€293,685▲
2024 · €7,414
Cash flow
€237,851▲
2024 · -€41,538
Quick ratio
0.22▲
2024 · 0.14
Debt to equity
1.22▼
2024 · 1.75
ROE
4.1%▲
2024 · -9.6%
Interest coverage
5.44▲
2024 · 0.14
Debt ≤ 1 year
€1.1m▼
2024 · €1.6m
Debt > 1 year
€146,193▼
2024 · €181,015
Income taxes
€4,532▲
2024 · -€420
Staff costs
€201,389▼
2024 · €277,127
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 28-02-2022 | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 7 | 8 | 5 | 5 | 4 |
| full-time | 6 | 6 | 3 | 4 | 2 |
| part-time | 1 | 2 | 2 | 1 | 2 |
| in full-time equivalents | 6.8 | 7.1 | 4.7 | 4.4 | 3.5 |
| Average over the year, in full-time equivalents | 6.4 | 7.2 | 6.3 | 5.2 | 4.1 |
| On a permanent contract | 5 | 5 | 2 | 3 | 3 |
| Joined | 6 | 2 | 6 | 9 | 11 |
| Left | 6 | 1 | 9 | 10 | 12 |
Source: social balance sheet in the 2022 to 2025 annual accounts
Overdue debts
| Item | 28-02-2022 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Overdue tax debts | - | - | €4,449 | - | - |
| Overdue social security (RSZ) debts | - | - | €11,479 | - | - |
Source: notes to the 2022 to 2025 annual accounts (statement of debts)
Securities and guarantees
| Item | 28-02-2022 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Debts secured on the company's own assets | - | - | €85,349 | - | - |
| Pledge on the business | €200,000 | €200,000 | €200,000 | - | - |
| Mandates to pledge the business | - | - | €475,000 | - | - |
| Carrying value of the other pledged assets | - | - | €733,500 | - | - |
Source: notes to the 2022 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 28-02-2022 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €91,398 | €2,855 | €38,196 | €140,338 | - |
| Intangible fixed assets | - | - | - | - | €432,541 |
| Depreciation and write-downs of the year | €53,041 | €47,807 | €49,241 | €55,395 | €195,174 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Comparable companies
These companies have the same main activity as COBIMO: retail sale of watches and jewellery (NACE 47770). They are comparable in size and age: total assets between €1.7m and €3.6m, founded between 1976 and 2001.
| Company | Founded | Total assets | Equity | Gross margin | Turnover | Net result | FTE | Financial year |
|---|---|---|---|---|---|---|---|---|
| COBIMO Elsene | 1994 | €2.3m | €1.1m | €0.5m | - | €0.04m | 4.1 | 2025 |
| TEOMAN Schaarbeek | 1997 | €2.6m | €0.7m | €0.6m | - | €0.3m | 5.5 | 2025 |
| AERNOUTS ORBI BIJOUX Bastogne | 1984 | €2.5m | €1.7m | €0.7m | €1.9m | €0.3m | 4.8 | 2025 |
| BIJOUTERIES DAVID DOUTREPONT & Cie Verviers | 1999 | €1.7m | €1.6m | €0.7m | - | €0.3m | 4.9 | 2025 |
| LE COLLECTION'HEURE Elsene | 2001 | €3.6m | €1.0m | €0.5m | - | €0.2m | 3.5 | 2025 |
| JUWELENCENTRUM LUYTEN Turnhout | 1976 | €2.2m | €1.3m | €0.6m | - | €0.2m | 3.6 | 2025 |
| G. Piron Liège | 1979 | €3.1m | €0.4m | €0.4m | - | -€0.003m | 3.5 | 2025 |
They were chosen from the 969 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
Companies with the same profile, two years later
Historical observationIn July 2024, 17,041 companies had the same profile as COBIMO has now. Two years later, 0.5% had gone bankrupt and 94.3% were still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.5%
went bankrupt
4.9%
stopped otherwise
94.3%
was still going
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of COBIMO itself: 0.6% within 12 months.
Test of the method
The method was tested on the 497,446 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 17,041 companies, not a prediction for COBIMO. 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.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €248,691 | €234,977 | €297,774 | €277,127 | €201,389 | ▼ 27.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €53,146 | €51,685 | €46,245 | €53,041 | €47,807 | €49,241 | €55,395 | €195,174 | ▲ 252% |
| Other operating charges640/8 | - | - | - | €2,150 | €3,448 | €7,457 | €4,547 | €11,917 | ▲ 162% |
| Non-recurring operating charges66A | - | - | - | - | - | €2,356 | - | - | - |
| Gross operating margin9900 | €441,898 | €448,181 | €384,263 | €548,240 | €548,820 | €549,251 | €289,088 | €506,991 | ▲ 75.4% |
| Operating profit (loss)9901 | €91,601 | €100,999 | €134,677 | €244,357 | €262,589 | €192,423 | -€47,981 | €98,511 | - |
| Financial income75/76B | - | - | - | €3 | €545 | €1,781 | €2,268 | €2,724 | ▲ 20.1% |
| Recurring financial income75 | €373 | €462 | €832 | €3 | €545 | €1,781 | €2,268 | €2,724 | ▲ 20.1% |
| Financial charges65/66B | - | - | - | €40,597 | €41,722 | €45,893 | €51,640 | €54,027 | ▲ 4.6% |
| Recurring financial charges65 | €60,619 | €60,768 | €42,492 | €40,597 | €41,722 | €45,859 | €51,640 | €54,027 | ▲ 4.6% |
| Non-recurring financial charges66B | - | - | - | - | - | €33 | - | - | - |
| Profit (loss) for the period before taxes9903 | €31,354 | €40,693 | €93,017 | €203,763 | €221,412 | €148,311 | -€97,353 | €47,209 | - |
| Income taxes67/77 | €3,916 | €9,661 | €20,577 | €63,377 | €68,085 | €45,416 | -€420 | €4,532 | - |
| Profit (loss) for the period9904 | €27,438 | €31,032 | €72,441 | €140,386 | €153,327 | €102,895 | -€96,933 | €42,677 | - |
| Profit (loss) for the period to be appropriated9905 | €27,438 | €31,032 | €72,441 | €140,386 | €153,327 | €102,895 | -€96,933 | €42,677 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €2.5m | €2.5m | €2.5m | €2.6m | €2.8m | €2.9m | €2.8m | €2.3m | ▼ 16.1% |
| Fixed assets21/28 | €1.0m | €1.0m | €1.0m | €1.0m | €1.0m | €1.0m | €1.1m | €0.6m | ▼ 46.9% |
| Intangible fixed assets21 | €0.008m | - | - | - | - | - | - | €0.4m | - |
| Tangible fixed assets22/27 | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.2m | €0.3m | €0.2m | ▼ 46.6% |
| Plant, machinery and equipment23 | - | - | - | €0.02m | €0.01m | €0.01m | €0.008m | €0.005m | ▼ 36.4% |
| Furniture and vehicles24 | - | - | - | €0.01m | €0.01m | €0.006m | €0.002m | €204 | ▼ 91.3% |
| Other tangible fixed assets26 | - | - | - | €0.3m | €0.2m | €0.2m | €0.3m | €0.2m | ▼ 46.5% |
| Financial fixed assets28 | €0.7m | €0.7m | €0.7m | €0.7m | €0.7m | €0.7m | €0.7m | - | - |
| Current assets29/58 | €1.5m | €1.5m | €1.5m | €1.6m | €1.8m | €1.9m | €1.7m | €1.8m | ▲ 2.9% |
| Stocks and contracts in progress3 | €1.4m | €1.3m | €1.4m | €1.5m | €1.7m | €1.7m | €1.5m | €1.5m | ▲ 1.7% |
| Stocks30/36 | - | - | - | €1.5m | €1.7m | €1.7m | €1.5m | €1.5m | ▲ 1.7% |
| Amounts receivable within one year40/41 | €0.009m | €0.06m | €0.02m | €0.006m | - | €0.06m | €0.1m | €0.2m | ▲ 63.4% |
| Trade receivables40 | - | - | - | €0.006m | - | €0.002m | €0.05m | €0.03m | ▼ 40.5% |
| Other amounts receivable41 | - | - | - | - | - | €0.06m | €0.05m | €0.1m | ▲ 173% |
| Cash at bank and in hand54/58 | €0.01m | €0.04m | €0.1m | €0.06m | €0.07m | €0.1m | €0.04m | €0.04m | ▼ 15.6% |
| Deferred charges and accrued income490/1 | - | - | - | €0.02m | €0.01m | €0.09m | €0.08m | €0.04m | ▼ 44.0% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €2.5m | €2.5m | €2.5m | €2.6m | €2.8m | €2.9m | €2.8m | €2.3m | ▼ 16.1% |
| Equity10/15 | €0.6m | €0.6m | €0.7m | €0.8m | €1.0m | €1.1m | €1.0m | €1.1m | ▲ 4.2% |
| Contributions10/11 | €0.1m | €0.1m | - | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Capital10 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Issued capital100 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Reserves13 | €0.3m | €0.3m | €0.3m | €0.4m | €0.5m | €0.5m | €0.5m | €0.6m | ▲ 7.9% |
| Non-distributable reserves130/1 | - | - | - | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | = |
| Legal reserve130 | - | - | - | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | = |
| Distributable reserves133 | - | - | - | €0.4m | €0.5m | €0.5m | €0.5m | €0.6m | ▲ 8.0% |
| Profit (loss) carried forward14 | €0.2m | €0.3m | €0.3m | €0.3m | €0.4m | €0.4m | €0.3m | €0.3m | = |
| Amounts payable17/49 | €1.9m | €1.8m | €1.8m | €1.8m | €1.8m | €1.8m | €1.8m | €1.3m | ▼ 27.7% |
| Amounts payable after more than one year17 | €0.4m | €0.3m | €0.2m | €0.1m | €0.08m | €0.02m | €0.2m | €0.1m | ▼ 19.2% |
| Financial debts170/4 | - | - | - | €0.1m | €0.08m | €0.02m | €0.2m | €0.1m | ▼ 19.2% |
| Amounts payable within one year42/48 | €1.6m | €1.6m | €1.6m | €1.6m | €1.7m | €1.8m | €1.6m | €1.1m | ▼ 28.7% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.1m | €0.09m | €0.07m | €0.05m | €0.03m | ▼ 33.1% |
| Financial debts43 | - | - | - | €0.1m | €0.06m | €0.2m | €0.3m | €0.2m | ▼ 8.1% |
| Credit institutions430/8 | - | - | - | €0.1m | €0.06m | €0.2m | €0.3m | €0.2m | ▼ 8.1% |
| Trade debts44 | €0.5m | €0.5m | €0.6m | €0.8m | €0.9m | €0.9m | €0.9m | €0.7m | ▼ 19.9% |
| Suppliers440/4 | - | - | - | €0.8m | €0.9m | €0.9m | €0.9m | €0.7m | ▼ 19.9% |
| Taxes, remuneration and social security45 | - | - | - | €0.09m | €0.1m | €0.2m | €0.05m | €0.08m | ▲ 57.7% |
| Taxes450/3 | - | - | - | €0.06m | €0.1m | €0.09m | €0.02m | €0.06m | ▲ 201% |
| Remuneration and social security454/9 | - | - | - | €0.03m | €0.03m | €0.07m | €0.03m | €0.01m | ▼ 47.3% |
| Other amounts payable47/48 | - | - | - | €0.5m | €0.5m | €0.5m | €0.3m | €0.08m | ▼ 77.4% |
| Line | 2019 | 2020 | 2021 | 2022 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €27,438 | €31,032 | €72,441 | €140,386 | €153,327 | €102,895 | -€96,933 | €42,677 | - |
| + Depreciation and write-downs630 | €53,146 | €51,685 | €46,245 | €53,041 | €47,807 | €49,241 | €55,395 | €195,174 | ▲ 252% |
| Operating cash flow (approximation) | €80,584 | €82,718 | €118,686 | €193,428 | €201,133 | €152,136 | -€41,538 | €237,851 | - |
| Investment in fixed assets (approximation) | - | -€6,083 | -€41,338 | -€91,398 | - | -€34,499 | -€140,338 | €300,959 | - |
| Change in cash | - | €34,605 | €65,369 | -€52,878 | - | €43,654 | -€71,459 | -€6,538 | ▲ 90.9% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 31 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 29-10-2026 | 2026-00594144 | NBB |
| 31-12-2024 | full format | 31-10-2025 | 2025-00556458 | |
| 31-12-2023 | full format | 31-10-2024 | 2024-00522207 | |
| 31-12-2022 | full format | 18-08-2023 | 2023-00334087 | |
| 28-02-2022 | full format | 21-06-2022 | 2022-20075494 | |
| 28-02-2021 | full format | 23-08-2021 | 2021-51100137 | |
| 29-02-2020 | full format | 29-09-2020 | 2020-56200133 | |
| 28-02-2019 | full format | 20-08-2019 | 2019-47400313 | |
| 28-02-2018 | full format | 31-08-2018 | 2018-54700187 | |
| 28-02-2017 | full format | 30-08-2017 | 2017-50400507 |
Board & ownership
Directors
Directors
3 directors, 1 in day-to-day management, last change in 2022
Board 3
COSYNS Emmanuel Jacques Marcel
Current
Chair · appointed in the act of 26-10-2022 · Director (not named in the articles) · since 15-06-2018 · earlier director, until 26-10-2022 · also on the board of 1 other company · listed in the 2025 annual accounts, filed on 29-10-2026
COSYNS Léa Elodie Géraldine
Current
Director (not named in the articles) · since 04-10-2022 · also on the board of 1 other company · listed in the 2025 annual accounts, filed on 29-10-2026
COSYNS Olivia Ingrid Géraldine
Current
Director (not named in the articles) · since 04-10-2022 · also on the board of 1 other company · listed in the 2025 annual accounts, filed on 29-10-2026
Day-to-day management 1
COSYNS Emmanuel Jacques Marcel
Current
Managing director · appointed in the act of 26-10-2022
Owners and capital
Capital transactions
Capital over time
- 13-06-2025 Capital stated in 2 acts · €124,000 · 300 shares
Mandate history
4 people, 3 in office
- Board
- Day-to-day management
- began earlier
| Name | Functions and periods |
|---|---|
| COSYNS Emmanuel Jacques Marcel |
|
| COSYNS Léa Elodie Géraldine |
|
| COSYNS Olivia Ingrid Géraldine |
|
| COSYNS Gerald Jacques Marcel Georges |
|
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “3”
Articles of association, deed of 26-10-2022 (in French)
Network & group
Holdings and subsidiaries
1 holdingHoldings 1
- JOAILLERIE SCHEPENSsubsidiaryEquity €311,419 Loss of €8,105 in 2024 (loss of €4,383 in 2023)100%
Acquisitions and mergers
1 transactionTook over:JOAILLERIE SCHEPENS
Companies at the same address
8 other companies- DreamLife Management Establishment · since 2016 0652694291
- FLUORESCENCE Registered office · since 1987 0431486979
- CONTACT INTERIM Registered office · since 1984 0425774867
- Daniel de Duve Developments Registered office · since 1976 0416942325
- Monte Cristo Registered office · since 1968 0400884073
- Immoba Registered office · since 1968 0405901448
- Services de Développement Urbain Daniel de Duve (A l'Etranger, l'Abréviation : S.D.U., Daniel de Duve, Developments) Registered office · since 1968 0400473012
- Ligue Belge Contre le Racisme Registered office · since 1939 0410106694
Connections & network
1 connected companyThe connected companies are in the list below.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, zoom with the mouse wheel.
Linked via shared directors
EC INVEST
via COSYNS Emmanuel Jacques Marcel, COSYNS Léa Elodie Géraldine and COSYNS Olivia Ingrid Géraldine · Director (not named in the articles)
→
Timeline
Acts, filings and financial milestones
Deadline for the 2026 accounts:
2026
29-10
full format · 90 days late
2025
31-12
Financial
Back to profitnet €42,677
The net result is €42,677, after one loss-making year.
31-10
full format · 92 days late
04-08
Gazette deed
Merger: COBIMO takes over JOAILLERIE SCHEPENSPermanent representative: Lucie Ars · Shareholding · Power of attorney9 points ▸
Gazette deed
Merger: COBIMO takes over JOAILLERIE SCHEPENS
Permanent representative: Lucie Ars · Shareholding · Power of attorney9 points ▸
- General meeting, 02-07-2025
- Merger, “fusion par absorption, intégralité du patrimoine actif et passif” (deed in French)
- The company holds all the shares of JOAILLERIE SCHEPENS
- Permanent representative, Lucie Ars (representative)
- Other provision, “NOTALEX, collaboratrice de l'étude des Notaires associés” (deed in French)
- Other provision, “totalité du patrimoine actif et passif de la société anonyme JOAILLERIE SCHEPENS, déclaration du transfert” (deed in French)
- Other provision, “constatations, l'ensemble du patrimoine actif et passif de la société anonyme est transféré à la société anonyme COBIMO, société absorbante” (deed in French)
- Power of attorney
- Power of attorney, Tijl DE TROYER
13-06
Gazette deed
Merger proposal: COBIMO takes over JOAILLERIE SCHEPENSPermanent representative: Emmanuel COSYNS · Shareholding · Incorporation26 points ▸
Gazette deed
Merger proposal: COBIMO takes over JOAILLERIE SCHEPENS
Permanent representative: Emmanuel COSYNS · Shareholding · Incorporation26 points ▸
- Board meeting, 27-05-2025
- The company holds all the shares of JOAILLERIE SCHEPENS, mentioned 2 times in the deed
- Merger, “fusion par absorption assimilée, dépôt par chaque société au greffe du tribunal d'entreprise compétent au moins six semaines avant” (deed in French)
- Other provision, “absence d'attribution d'actions et de soulte” (deed in French)
- Board meeting, “rédige le projet de fusion conformément à l'article 12:50 CSA en concertation, Deuxième résolution” (deed in French)
- Board meeting, “approuve unanimement et signe le projet de fusion, par et pour chaque société” (deed in French)
- Other provision, “motivation de la fusion par absorption, simplification juridique,financière et administrative,économies d'échelle,neutralité fiscale” (deed in French)
- Other provision, “avantage fiscal de l'opération” (deed in French)
- Incorporation, 12-07-1982
- Registered office clause, “Rue au Beurre 35-37,1000 Bruxelles” (deed in French)
- Legal form clause, “société anonyme” (deed in French), mentioned 2 times in the deed
- Capital, €62,000
- The act holds 14 more points.
2024
31-12
Financial
Weakest financial yearnet -€96,933
The net result drops to -€96,933, the lowest from 2019 to 2025. It recovers the following year.
31-10
full format · 92 days late
2023
18-08
full format · 18 days late
2022
31-12
Financial
Highest result from 2019 to 2025net €153,327 ▲9.2%
The operating result of €262,589 and the net result of €153,327 are both a record.
31-12
Financial
Equity above €1mequity €1.0m ▲18.1%
With a profit in every financial year since 2019, equity grows to €1.0m.
26-10
Gazette deed
Resignations: COSYNS Gerald Jacques Marcel Georges (director) and COSYNS Emmanuel Jacques Marcel (director)Appointments: COSYNS Emmanuel Jacques Marcel, COSYNS Léa Elodie Géraldine and COSYNS Olivia Ingrid Géraldine · Amendment of the articles · Capital15 points ▸
Gazette deed
Resignations: COSYNS Gerald Jacques Marcel Georges (director) and COSYNS Emmanuel Jacques Marcel (director)
Appointments: COSYNS Emmanuel Jacques Marcel, COSYNS Léa Elodie Géraldine and COSYNS Olivia Ingrid Géraldine · Amendment of the articles · Capital15 points ▸
- General meeting, 04-10-2022
- Other provision, “soumission au Code des sociétés et des associations”, 01-01-2020 (deed in French)
- Amendment of the articles
- Capital, €124,000
- Registered office clause, “Bruxelles (1050 Bruxelles),avenue de la Toison d'Or 17/A” (deed in French)
- Director resignation, COSYNS Gerald Jacques Marcel Georges (director)
- Director resignation, COSYNS Emmanuel Jacques Marcel (director)
- Director discharge, COSYNS Gerald Jacques Marcel Georges (director)
- Director discharge, COSYNS Emmanuel Jacques Marcel (director)
- Director appointment, COSYNS Emmanuel Jacques Marcel (director (not named in the articles))
- Director appointment, COSYNS Léa Elodie Géraldine (director (not named in the articles))
- Director appointment, COSYNS Olivia Ingrid Géraldine (director (not named in the articles))
- The act holds 3 more points.
21-06
full format · 101 days before the deadline
Show earlier events
2021
23-08
full format · 38 days before the deadline
2020
29-09
full format · 1 day before the deadline
2019
20-08
full format · 41 days before the deadline
2018
31-08
full format · 30 days before the deadline
2017
30-08
full format · 31 days before the deadline
1994
08-11
Gazette deed
Incorporation
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordName
COBIMO in French
Enterprise number
0453.613.174
Legal form
Public limited company
Status
Active, normale toestand
Founded
17-10-1994
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 26-10-2022 (in French)Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Région de Bruxelles-Capitale, sièges administratifs,agences,ateliers,dépôts,succursales en Belgique et à l'étranger et sièges d'exploitation…”
deed of 26-10-2022 (in French)Registered office and establishments
Registered office
Gulden-Vlieslaan 17A, 1050 Elsene, Belgium
Establishment units
COSYNS BIJOUTERIE, Gulden-Vlieslaan 17 A, 1050 Elsene since 20-12-1994 · unit number 2.069.438.580
COSYNS BIJOUTERIE, Tongerenstraat 22, 1040 Etterbeek since 01-09-1995 · unit number 2.247.346.478
COSYNS BIJOUTERIE, Boterstraat 35-37, 1000 Brussel since 16-11-2016 · unit number 2.259.963.210
Website
www.cosyns.be
E-mail
info@cosyns.be
Activities
NACEBEL 2025VAT activities
47770
Retail sale of watches and jewellery main activity
Social security (RSZ) activities
47770
Retail sale of watches and jewellery main activity
Codes under NACEBEL 2008
VAT activities
47770
Retail trade main activity
Social security (RSZ) activities
47770
Retail trade main activity
Codes under NACEBEL 2003
VAT activities
52484
main activity
Social security (RSZ) activities
52484
main activity
Joint committee
201 Paritair Comité voor de zelfstandige kleinhandel annual accounts 2024
PurposeThe purpose describes the activities the company may carry out under its articles.
deed of 13-06-2025 (in French)
“Le commerce de détail en bijouterie,horlogerie et joaillerie; Elle peut en outre faire toutes opérations…”
3 activities
- Le commerce de détail en bijouterie,horlogerie et joaillerie.
- Elle peut en outre faire toutes opérations commerciales,industrielles,mobilière,immobilières ou financières se rattachant directement ou indirectement à son objet social ou pouvant en faciliter la réalisation.
- Elle peut notamment s'intéresser par voie d'apport,de fusion,de souscription,d'intervention financière ou par tout autre mode dans des sociétés ou entreprises ayant,en tout ou en partie,un objet similaire ou connexe au sien ou susceptible d'en favoriser l'extension ou le développement et accepter tous mandats d'administrateurs dans de telles sociétés.
Invoicing and payment
VAT number
BE 0453.613.174
Financial year and general meeting
Accounts at the NBBFinancial year end
31-12
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Second Tuesday of June at 18:00
deed of 13-06-2025 (in French)Sites & property
Location
Buildings and parcels at the addresses
Ground area
5,952 m²
Building footprint
5,910 m²
Building volume
110,678 m³
Tallest building: 41.5 m.
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21009A0403/00C002 | Brussels | 5,711 m² | 1 · 5,711 m² | 41.5 m · 6 |
| 21005A0570/00B005 | Brussels | 132 m² | 1 · 103 m² | 15.7 m · 4 |
| 21004A0351/00C000 | Brussels | 109 m² | 1 · 97 m² | 16.5 m · 5 |
1 of these parcels carries protected heritage. Expect extra rules on renovation or sale.