COBOVA
ActiveCOBOVA has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-54k) and a net result of €-17k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 14% of 3098 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
20
/ 100
Critical▲ +4 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+100
Solvency33=
Growth32▼-26
Stability100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.1 against 0.44 in 2024), and equity is negative.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 01
Relative position
BE, all sectors
reference
Sector 01
lower
← 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 · 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
-7.7%
Return on assets
-2.4%
Age of the figures
8 mo
raises risk · Negative equity
Equity is negative for financial year 2025: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€54k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
28 d late
2024
28 d late
2023
30 d late
2022
30 d late
2021
31 d late
2020
29 d late
2019
27 d late
← before the deadline
after the deadline →
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
13-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-54k▼ 45.9%
2024 · €-37k
2018: €79k
2019: €120k
2020: €177k
2021: €159k
2022: €66k
2023: €-163k
2024: €-37k
2018 → 2025
Total assets
€706k▼ 24.8%
2024 · €939k
2018: €686k
2019: €1.11M
2020: €1.08M
2021: €1.06M
2022: €1.12M
2023: €1.12M
2024: €939k
2018 → 2025
Net result
€-17k
2024 · €126k
2018: €1k
2019: €42k
2020: €57k
2021: €-18k
2022: €-93k
2023: €-229k
2024: €126k
2018 → 2025
Working capital
€-435k▼ 30.0%
2024 · €-335k
2018: €-84k
2019: €-355k
2020: €-339k
2021: €-301k
2022: €-250k
2023: €-492k
2024: €-335k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€159k-€66k▼ 58.4%€-163k€-37k▲ 77.2%€-54k▼ 45.9%
Operating result€-11k-€-81k▼ 648%€-210k▼ 159%€148k€11k▼ 92.6%
Net result€-18k-€-93k▼ 420%€-229k▼ 147%€126k€-17k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 93% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €706k
Fixed assets
€657k▼ 1.9%
Current assets
€48k▼ 82.0%
Key figures and ratios
EBITDA
€74k▼
2024 · €221k
Cash flow
€46k▼
2024 · €199k
Solvency
-7.7%▼
2024 · -4.0%
Current ratio
0.10▼
2024 · 0.44
Quick ratio
0.09▼
2024 · 0.44
Debt / equity
-13.98▲
2024 · -26.18
ROE
31.4%▲
2024 · -338.1%
ROA
-2.4%▼
2024 · 13.4%
Interest coverage
2.66▼
2024 · 10.22
Debt
€760k▼
2024 · €976k
Debt ≤ 1 year
€483k▼
2024 · €603k
Debt > 1 year
€276k▼
2024 · €373k
Income taxes
€230▼
2024 · €251
Staff costs
€5k▲
2024 · €4k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€939k€706k▼
Fixed assets21/28€670k€657k▼
Tangible fixed assets22/27€670k€656k▼
Land and buildings22€611k€599k▼
Plant, machinery and equipment23€528€8k▲
Furniture and vehicles24€59k€49k▼
Financial fixed assets28-€2k
Current assets29/58€268k€48k▼
Stocks and contracts in progress3€3k€3k=
Stocks30/36€3k€3k=
Amounts receivable within one year40/41€95k€11k▼
Trade receivables40€91k€10k▼
Other amounts receivable41€4k€562▼
Cash at bank and in hand54/58€169k€32k▼
Deferred charges and accrued income490/1€1k€3k▲
Equity and liabilities
Total equity and liabilities10/49€939k€706k▼
Equity10/15€-37k€-54k▼
Contributions10/11€19k€19k=
Reserves13€157k€157k=
Distributable reserves133€157k€157k=
Profit (loss) carried forward14€-213k€-230k▼
Amounts payable17/49€976k€760k▼
Amounts payable after more than one year17€373k€276k▼
Financial debts170/4€373k€276k▼
Amounts payable within one year42/48€603k€483k▼
Current portion of amounts payable after more than one year42€31k€53k▲
Financial debts43€175k€100k▼
Credit institutions430/8€175k€100k▼
Trade debts44€109k€31k▼
Suppliers440/4€109k€31k▼
Taxes, remuneration and social security45€877€3k▲
Taxes450/3€653€3k▲
Remuneration and social security454/9€224€376▲
Other amounts payable47/48€287k€296k▲
Accrued charges and deferred income492/3€0-
Income statement
Code20242025
Remuneration, social security and pensions62€4k€5k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€73k€63k▼
Other operating charges640/8€9k€12k▲
Gross operating margin9900€234k€90k▼
Operating profit (loss)9901€148k€11k▼
Financial income75/76B€0€119▲
Recurring financial income75€0€119▲
Financial charges65/66B€22k€28k▲
Recurring financial charges65€22k€28k▲
Profit (loss) for the period before taxes9903€126k€-17k▼
Income taxes67/77€251€230▼
Profit (loss) for the period9904€126k€-17k▼
Profit (loss) for the period to be appropriated9905€126k€-17k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-213k€-230k▼
Profit (loss) brought forward from the previous period14P€-339k€-213k▲
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
31-12
Financial
Back to profitnet €126k
Net result €126k after 3 loss-making years.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Weakest financial yearnet €-229k
Net result drops to €-229k, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
29-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 29 days late
2020
31-12
Financial
Equity above €150kEq €177k ▲47.1%
3 profitable years in a row build equity to €177k.
27-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 27 days late
2019
31-12
Financial
Equity above €100kEq €120k ▲52.9%
2 profitable years in a row build equity to €120k.
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
11-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 42 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Zonnebeke · 2 establishment units since 2002
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Grote Molenstraat 248980 ZonnebekeGround area
1.3 ha
Building footprint
648 m²
Volume, LiDAR
2,868 m³
3 parcels, Flanders · tallest building 12.2 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
Frezenbergstraat 98, 8980 Zonnebeke
since 20022.114.626.130
COBOVA
since 20192.287.531.895
3 parcels
Flanders
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 33037C0162/00R000 | Flanders | 9,678 m² | 1 · 233 m² | 7.0 m · 2 fl. |
| 33037D0886/00S000 | Flanders | 3,214 m² | 1 · 199 m² | 8.2 m · 1 fl. |
| 33037D0768/00Z000 | Flanders | 216 m² | 1 · 216 m² | 12.2 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 2
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2024 to 2025 · 5 entries · 149,703 EUR awarded · 149,703 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 3 | 2,936 EUR | 2,936 EUR |
| 2024 | 2 | 146,767 EUR | 146,767 EUR |
Schemes
Vergoeding voor vrijwillige stopzetting van varkensstallen
Subsidie in het kader van land- en tuinbouwbeleid
Retroactieve investeringspremie voor eigenaars van zonnepanelen na afschaffing van terugdraaiende teller
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Similar companies · same sector, comparable size
STRAKOVA
BE 0880.843.835
Ardooie · Eq €66k
FERME BOIS DE FONTAINE
BE 0888.291.554
Lobbes · Eq €66k
PORKABRE
BE 0475.424.120
Poperinge · Eq €65k
COLIN & CO
BE 0542.815.859
Heist-op-den-Berg · Eq €67k
BEMACO
BE 0478.865.145
Kinrooi · Eq €68k
Of 585 companies in sector 01462 we hold annual accounts for 211. 140 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded19-08-2002
Fiscal year end31-12
Activities, NACEBEL
01462Crop and animal production, hunting and related service activities
55203Holiday cottages, homes and apartments
Sources
Crossroads Bank for EnterprisesNational Bank · 23 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryPhone:0496/68.49.07