COBOSYSTEMS
ActiveSummary
COBOSYSTEMS has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €427,672 and a net result of €4,450. Equity is growing by ~6.2% per year across the filed fiscal years. Its solvency ranks better than 85% of 147 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability41▼-31
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30,000 at 30 days acceptable
Liquidity ample (current ratio 3.79 against 4.18 in 2024; short-term debt: 21.6% of total assets), and 22.9% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 58
Relative position
BE, all sectors
reference
Publishing activities (NACE 58)
about 30% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
77.1%
Return on assets
0.8%
Age of the figures
9 mo
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 30-07-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
6 d early
2023
on the day
2022
4 d early
2021
26 d early
2020
25 d early
2019
32 d early
← 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 13 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 37% 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
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€4,450▼ 88.2%
2024 · €37,772
Working capital
€334,164▲ 2.4%
2024 · €326,191
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€24,907▼ 37.8%€40,602▲ 63.0%-€12,908€43,902€10,406▼ 76.3%
Net result€23,930▼ 36.0%€41,406▲ 73.0%-€12,510€37,772€4,450▼ 88.2%
Equity€356,554▲ 7.2%€397,960▲ 11.6%€385,450▼ 3.1%€423,222▲ 9.8%€427,672▲ 1.1%
Total assets€470,507▼ 1.9%€509,462▲ 8.3%€521,298▲ 2.3%€545,689▲ 4.7%€554,421▲ 1.6%
Debt€113,953▼ 22.4%€111,501▼ 2.2%€135,848▲ 21.8%€122,468▼ 9.8%€126,749▲ 3.5%
Working capital€344,889▲ 7.6%€353,119▲ 2.4%€386,501▲ 9.5%€326,191▼ 15.6%€334,164▲ 2.4%
Staff (FTE)1=1=1=1=1=
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 76% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €554,421
Fixed assets
€100,277 ▼ 14.2%
Current assets
€454,144 ▲ 5.9%
Equity and liabilities €554,421
Equity
€427,672 ▲ 1.1%
Debt
€126,749 ▲ 3.5%
Debt's share of the balance-sheet total rises from 22.4% to 22.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€27,006▼
2024 · €60,502
Cash flow
€21,050▼
2024 · €54,372
Current ratio
3.79▼
2024 · 4.18
Debt to equity
0.30▲
2024 · 0.29
ROE
1.0%▼
2024 · 8.9%
ROA
0.8%▼
2024 · 6.9%
Interest coverage
2.56▼
2024 · 5.32
Debt ≤ 1 year
€119,980▲
2024 · €102,621
Debt > 1 year
€6,770▼
2024 · €19,846
Income taxes
€446▲
2024 · €414
Staff costs
€96,151▲
2024 · €89,490
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €77,554 | €78,642 | €85,824 | €89,490 | €96,151 | ▲ 7.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €25,000 | €25,000 | €25,000 | €16,600 | €16,600 | = |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | -€910 | -€124 | €0 | - | - | - |
| Other operating charges640/8 | €348 | €348 | €1,729 | €387 | €400 | ▲ 3.2% |
| Gross operating margin9900 | €126,898 | €144,467 | €99,645 | €150,379 | €123,557 | ▼ 17.8% |
| Operating profit (loss)9901 | €24,907 | €40,602 | -€12,908 | €43,902 | €10,406 | ▼ 76.3% |
| Financial income75/76B | €5,267 | €6,042 | €6,889 | €5,656 | €5,023 | ▼ 11.2% |
| Recurring financial income75 | €5,267 | €6,042 | €6,889 | €5,656 | €5,023 | ▼ 11.2% |
| Financial charges65/66B | €6,024 | €5,005 | €6,254 | €11,371 | €10,533 | ▼ 7.4% |
| Recurring financial charges65 | €6,024 | €5,005 | €6,254 | €11,371 | €10,533 | ▼ 7.4% |
| Profit (loss) for the period before taxes9903 | €24,149 | €41,639 | -€12,273 | €38,186 | €4,896 | ▼ 87.2% |
| Income taxes67/77 | €219 | €233 | €238 | €414 | €446 | ▲ 7.6% |
| Profit (loss) for the period9904 | €23,930 | €41,406 | -€12,510 | €37,772 | €4,450 | ▼ 88.2% |
| Profit (loss) for the period to be appropriated9905 | €23,930 | €41,406 | -€12,510 | €37,772 | €4,450 | ▼ 88.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €470,507 | €509,462 | €521,298 | €545,689 | €554,421 | ▲ 1.6% |
| Fixed assets21/28 | €50,477 | €58,477 | €33,477 | €116,877 | €100,277 | ▼ 14.2% |
| Intangible fixed assets21 | €50,000 | €58,000 | €33,000 | €116,400 | €99,800 | ▼ 14.3% |
| Financial fixed assets28 | €477 | €477 | €477 | €477 | €477 | = |
| Current assets29/58 | €420,030 | €450,985 | €487,821 | €428,812 | €454,144 | ▲ 5.9% |
| Amounts receivable within one year40/41 | €419,390 | €450,348 | €487,347 | €428,104 | €453,435 | ▲ 5.9% |
| Trade receivables40 | €139,487 | €134,675 | €119,973 | €105,186 | €98,444 | ▼ 6.4% |
| Other amounts receivable41 | €279,903 | €315,673 | €367,375 | €322,918 | €354,991 | ▲ 9.9% |
| Deferred charges and accrued income490/1 | €640 | €637 | €474 | €708 | €709 | ▲ 0.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €470,507 | €509,462 | €521,298 | €545,689 | €554,421 | ▲ 1.6% |
| Equity10/15 | €356,554 | €397,960 | €385,450 | €423,222 | €427,672 | ▲ 1.1% |
| Contributions10/11 | €1.4m | €1.4m | €1.4m | €1.4m | €1.4m | = |
| Capital10 | €1.4m | €1.4m | €1.4m | €1.4m | €1.4m | = |
| Issued capital100 | €1.4m | €1.4m | €1.4m | €1.4m | €1.4m | = |
| Reserves13 | €22,815 | €22,815 | €22,815 | €22,815 | €22,815 | = |
| Non-distributable reserves130/1 | €22,815 | €22,815 | €22,815 | €22,815 | €22,815 | = |
| Legal reserve130 | €22,815 | €22,815 | €22,815 | €22,815 | €22,815 | = |
| Profit (loss) carried forward14 | -€1.1m | -€1.0m | -€1.1m | -€1.0m | -€1.0m | ▲ 0.4% |
| Amounts payable17/49 | €113,953 | €111,501 | €135,848 | €122,468 | €126,749 | ▲ 3.5% |
| Amounts payable after more than one year17 | €38,811 | €13,636 | €34,528 | €19,846 | €6,770 | ▼ 65.9% |
| Financial debts170/4 | €38,811 | €13,636 | €34,528 | €19,846 | €6,770 | ▼ 65.9% |
| Amounts payable within one year42/48 | €75,141 | €97,865 | €101,320 | €102,621 | €119,980 | ▲ 16.9% |
| Current portion of amounts payable after more than one year42 | €24,514 | €25,175 | €23,354 | €14,681 | €13,077 | ▼ 10.9% |
| Financial debts43 | €25,959 | €28,776 | €27,921 | €29,641 | €29,988 | ▲ 1.2% |
| Credit institutions430/8 | €25,959 | €28,776 | €27,921 | €29,641 | €29,988 | ▲ 1.2% |
| Trade debts44 | €2,128 | €4,115 | €5,698 | €4,138 | €2,571 | ▼ 37.9% |
| Suppliers440/4 | €2,128 | €4,115 | €5,698 | €4,138 | €2,571 | ▼ 37.9% |
| Taxes, remuneration and social security45 | €22,540 | €39,799 | €44,348 | €54,161 | €74,344 | ▲ 37.3% |
| Taxes450/3 | €10,800 | €19,657 | €21,536 | €29,577 | €40,956 | ▲ 38.5% |
| Remuneration and social security454/9 | €11,740 | €20,142 | €22,811 | €24,583 | €33,387 | ▲ 35.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €23,930 | €41,406 | -€12,510 | €37,772 | €4,450 | ▼ 88.2% |
| + Depreciation and write-downs630 | €25,000 | €25,000 | €25,000 | €16,600 | €16,600 | = |
| Operating cash flow (approximation) | €48,930 | €66,406 | €12,490 | €54,372 | €21,050 | ▼ 61.3% |
| Investment in fixed assets (approximation) | - | -€33,000 | €0 | -€100,000 | €0 | ▲ 100% |
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
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
25-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Back to profitnet €37,772
Net result €37,772 after one loss-making year.
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Weakest financial yearnet -€12,510
Net result drops to -€12,510, the lowest in the series; recovery starts the following year.
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
05-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
06-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
29-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
10-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
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, Elsene · 1 establishment unit since 2003
Ground area
266 m²
Building footprint
265 m²
Volume, LiDAR
3,746 m³
Parcel 21807G0211/00W012, Brussels · tallest building 34.0 m, ±5 floors. Linked by address, not a title deed.
493
companies at this address
See who is registered here
1 establishment unit
COBOSYSTEMS
since 20032.130.151.375
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21807G0211/00W012 | Brussels | 266 m² | 1 · 265 m² | 34.0 m · 5 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.
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Of 1,289 companies in sector 58290 we hold annual accounts for 594. 408 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded06-07-1989
Fiscal year end31-12
Activities, NACEBEL 2025
58290Other software publishing
62200Computer consultancy and computer facilities management
Scores and ratios are computed by Checked and are not a credit decision.