COBOL
ActiveSummary
The computed 12-month bankruptcy probability of COBOL is 1.5% (moderate). The 2025 annual accounts show negative equity (-€14,600) and a net result of -€6,670. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 6% of 28184 sector peers (fiscal year 2025). The company has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability5▼-81
Solvency0▼-15
Growth58=
Track record100
Bankruptcy probability, 12 months
1.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.8 against 0.91 in 2024; short-term debt: 124.8% and cash: 59.8% 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 · 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 →
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
-24.8%
Return on assets
-11.3%
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 · 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 -€14,600
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 · 10 filingsDeviation from the deadline
2025
18 d early
2024
34 d early
2023
30 d early
2022
34 d early
2021
27 d early
2020
39 d late
2019
60 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 6 days before 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.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
-€14,600▼ 84.1%
2024 · -€7,929
Total assets
€58,812▼ 23.5%
2024 · €76,902
Net result
-€6,670
2024 · €10,891
Working capital
-€14,600▼ 84.1%
2024 · -€7,929
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
Operating result-€13,113▲ 25.9%€9,774€3,055▼ 68.7%€11,221▲ 267%-€6,363
Net result-€13,703below the sector's middle half▲ 25.9%€9,079within the sector's middle half€2,645within the sector's middle half▼ 70.9%€10,891within the sector's middle half▲ 312%-€6,670below the sector's middle half
Equity-€30,544below the sector's middle half▼ 81.4%-€21,465below the sector's middle half▲ 29.7%-€18,820below the sector's middle half▲ 12.3%-€7,929below the sector's middle half▲ 57.9%-€14,600below the sector's middle half▼ 84.1%
Total assets€28,517below the sector's middle half▼ 38.6%€35,077below the sector's middle half▲ 23.0%€21,216below the sector's middle half▼ 39.5%€76,902within the sector's middle half▲ 262%€58,812below the sector's middle half▼ 23.5%
Debt€59,061▼ 6.6%€56,542▼ 4.3%€40,036▼ 29.2%€84,831▲ 112%€73,412▼ 13.5%
Working capital-€35,874▼ 59.1%-€24,882▲ 30.6%-€19,175▲ 22.9%-€7,929▲ 58.6%-€14,600▼ 84.1%
Solvency-107.1%below the sector's middle half▼ 70.8pp-61.2%below the sector's middle half▲ 45.9pp-88.7%below the sector's middle half▼ 27.5pp-10.3%below the sector's middle half▲ 78.4pp-24.8%below the sector's middle half▼ 14.5pp
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 micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €6,363 after €11,221 in 2024.
Key figures and ratios
EBITDA
-€6,363▼
2024 · €11,576
Cash flow
-€6,670▼
2024 · €11,246
Current ratio
0.80▼
2024 · 0.91
Quick ratio
0.60▼
2024 · 0.67
Debt to equity
-5.03▲
2024 · -10.70
ROA
-11.3%▼
2024 · 14.2%
Interest coverage
-45.04▼
2024 · 67.29
Debt ≤ 1 year
€73,412▼
2024 · €84,831
Income taxes
€170▼
2024 · €178
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,943 companies that looked in July 2024 the way this one looks now, 5.5% went bankrupt within 24 months and 85% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a loss of 10% of the balance sheet or more
5.5%
went bankrupt
8.1%
stopped otherwise
85%
still going
A further 1.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.5% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 6,943 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,252 | €5,607 | €5,250 | €355 | €0 | ▼ 100% |
| Other operating charges640/8 | €1,024 | €1,065 | €1,435 | €1,319 | €1,253 | ▼ 5.0% |
| Gross operating margin9900 | -€6,838 | €16,446 | €9,740 | €12,895 | -€5,110 | ▼ 140% |
| Operating profit (loss)9901 | -€13,113 | €9,774 | €3,055 | €11,221 | -€6,363 | ▼ 157% |
| Financial income75/76B | €9 | €0 | €124 | €19 | €4 | ▼ 80.1% |
| Recurring financial income75 | €9 | €0 | €124 | €19 | €4 | ▼ 80.1% |
| Financial charges65/66B | €399 | €520 | €361 | €172 | €141 | ▼ 17.9% |
| Recurring financial charges65 | €399 | €520 | €361 | €172 | €141 | ▼ 17.9% |
| Profit (loss) for the period before taxes9903 | -€13,503 | €9,253 | €2,818 | €11,068 | -€6,501 | ▼ 159% |
| Income taxes67/77 | €200 | €174 | €173 | €178 | €170 | ▼ 4.4% |
| Profit (loss) for the period9904 | -€13,703 | €9,079 | €2,645 | €10,891 | -€6,670 | ▼ 161% |
| Profit (loss) for the period to be appropriated9905 | -€13,703 | €9,079 | €2,645 | €10,891 | -€6,670 | ▼ 161% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €28,517 | €35,077 | €21,216 | €76,902 | €58,812 | ▼ 23.5% |
| Fixed assets21/28 | €11,212 | €5,605 | €355 | €0 | - | - |
| Tangible fixed assets22/27 | €11,212 | €5,605 | €355 | €0 | - | - |
| Plant, machinery and equipment23 | €1,189 | €772 | €355 | €0 | - | - |
| Furniture and vehicles24 | €10,024 | €4,833 | €0 | - | - | - |
| Current assets29/58 | €17,305 | €29,472 | €20,861 | €76,902 | €58,812 | ▼ 23.5% |
| Stocks and contracts in progress3 | €346 | €10,251 | €5,401 | €20,269 | €14,429 | ▼ 28.8% |
| Stocks30/36 | €346 | €1,630 | €1,475 | €6,927 | €7,729 | ▲ 11.6% |
| Contracts in progress37 | €0 | €8,621 | €3,926 | €13,342 | €6,700 | ▼ 49.8% |
| Amounts receivable within one year40/41 | €4,991 | €9,180 | €8,433 | €6,330 | €9,189 | ▲ 45.2% |
| Trade receivables40 | €4,991 | €5,706 | €7,485 | €6,011 | €8,563 | ▲ 42.4% |
| Other amounts receivable41 | €0 | €3,474 | €948 | €319 | €627 | ▲ 96.7% |
| Cash at bank and in hand54/58 | €11,967 | €10,040 | €7,026 | €50,303 | €35,194 | ▼ 30.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €28,517 | €35,077 | €21,216 | €76,902 | €58,812 | ▼ 23.5% |
| Equity10/15 | -€30,544 | -€21,465 | -€18,820 | -€7,929 | -€14,600 | ▼ 84.1% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €350 | €350 | €350 | €350 | €350 | = |
| Non-distributable reserves130/1 | €350 | €350 | €0 | - | - | - |
| Reserves not available under the articles1311 | €350 | €350 | €0 | - | - | - |
| Distributable reserves133 | - | - | €350 | €350 | €350 | = |
| Profit (loss) carried forward14 | -€49,494 | -€40,415 | -€37,770 | -€26,879 | -€33,550 | ▼ 24.8% |
| Amounts payable17/49 | €59,061 | €56,542 | €40,036 | €84,831 | €73,412 | ▼ 13.5% |
| Amounts payable after more than one year17 | €5,883 | €2,188 | €0 | - | - | - |
| Financial debts170/4 | €5,883 | €2,188 | €0 | - | - | - |
| Amounts payable within one year42/48 | €53,179 | €54,354 | €40,036 | €84,831 | €73,412 | ▼ 13.5% |
| Current portion of amounts payable after more than one year42 | €3,625 | €3,695 | €2,188 | €0 | - | - |
| Trade debts44 | €392 | €261 | €2,358 | €7,138 | €3,935 | ▼ 44.9% |
| Suppliers440/4 | €392 | €261 | €2,358 | €7,138 | €3,935 | ▼ 44.9% |
| Advances received on contracts in progress46 | - | - | - | €34,500 | €34,500 | = |
| Taxes, remuneration and social security45 | €1,639 | €497 | €491 | €7,748 | €1,204 | ▼ 84.5% |
| Taxes450/3 | €1,639 | €497 | €491 | €7,748 | €1,204 | ▼ 84.5% |
| Remuneration and social security454/9 | €0 | - | - | - | - | - |
| Other amounts payable47/48 | €47,522 | €49,902 | €35,000 | €35,446 | €33,773 | ▼ 4.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€13,703 | €9,079 | €2,645 | €10,891 | -€6,670 | ▼ 161% |
| + Depreciation and write-downs630 | €5,252 | €5,607 | €5,250 | €355 | €0 | ▼ 100% |
| Operating cash flow (approximation) | -€8,452 | €14,686 | €7,895 | €11,246 | -€6,670 | ▼ 159% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | - | - |
| Change in cash | - | -€1,927 | -€3,014 | €43,276 | -€15,109 | ▼ 135% |
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
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €10,891 ▲312%
Operating result €11,221, net result €10,891, both a record.
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
27-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €9,079
Net result €9,079 after 2 loss-making years.
04-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
08-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 39 days late
2020
29-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 60 days late
2019
31-12
Financial
Back to profitnet €336
Net result €336 after one loss-making year.
21-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 21 days late
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 29 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
5 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, Wavre · 1 establishment unit since 2010
Ground area
592 m²
Building footprint
246 m²
Volume, LiDAR
1,847 m³
2 parcels, Wallonia · tallest building 10.6 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Rue des Combattants 141, 1301 Wavre
since 20102.193.770.509
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25006A0019/00S000 | Wallonia | 305 m² | 1 · 192 m² | 9.3 m · 2 fl. |
| 25006D0108/00G005 | Wallonia | 286 m² | 1 · 55 m² | 10.6 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 15,521 companies in sector 43990 we hold annual accounts for 7,420. 1,103 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
Founded30-11-2010
Fiscal year end31-12
Activities, NACEBEL 2025
43990Other specialised construction activities
43240Other construction installation
43310Plastering work
43320Joinery installation
43350Other building finishing work
E-invoicing
Reachable via Peppol
Peppol ID
0208:0831532302
Also
9925:BE0831532302
Registered
10-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.