COBRA
ActiveSummary
COBRA has been active since 1984 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €311,513 and a net result of €11,172. Equity is growing by ~4.6% per year across the filed fiscal years. Its solvency ranks better than 95% of 1532 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability46▲+4
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25,000 at 30 days acceptable
Liquidity ample (current ratio 19.27 against 34.09 in 2024; short-term debt: 5.2% and cash: 91.6% of total assets), and 5.2% of the assets are financed with debt.
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Signals
Five 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 77
Relative position
BE, all sectors
reference
Rental and leasing activities (NACE 77)
about 44% more 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
94.8%
Return on assets
3.4%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 17-12-2025, 45 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
45 d early
2024
55 d early
2023
5 d late
2022
20 d early
2021
40 d early
2020
19 d early
2019
43 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 31 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 38% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close27-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
In the rankings
#1 oldest company in Grez-Doiceau, Administrative and support services sector#7 company by equity in Grez-Doiceau, Administrative and support services sector
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€11,172▲ 102%
2024 · €5,531
Working capital
€311,363▲ 3.7%
2024 · €300,191
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 77, Rental and leasing 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€36,859▲ 359%€18,776▼ 49.1%€13,930▼ 25.8%€7,135▼ 48.8%€14,735▲ 107%
Net result€26,540within the sector's middle half▲ 289%€13,327within the sector's middle half▼ 49.8%€10,249within the sector's middle half▼ 23.1%€5,531within the sector's middle half▼ 46.0%€11,172within the sector's middle half▲ 102%
Equity€271,234within the sector's middle half▲ 10.8%€284,561above the sector's middle half▲ 4.9%€294,810above the sector's middle half▲ 3.6%€300,341above the sector's middle half▲ 1.9%€311,513above the sector's middle half▲ 3.7%
Total assets€290,262below the sector's middle half▲ 6.7%€300,776within the sector's middle half▲ 3.6%€305,803within the sector's middle half▲ 1.7%€309,413within the sector's middle half▲ 1.2%€328,553within the sector's middle half▲ 6.2%
Debt€19,028▼ 30.2%€16,215▼ 14.8%€10,994▼ 32.2%€9,072▼ 17.5%€17,040▲ 87.8%
Working capital€271,084▲ 10.9%€284,411▲ 4.9%€294,660▲ 3.6%€300,191▲ 1.9%€311,363▲ 3.7%
Solvency93.4%above the sector's middle half▲ 3.5pp94.6%above the sector's middle half▲ 1.2pp96.4%above the sector's middle half▲ 1.8pp97.1%above the sector's middle half▲ 0.7pp94.8%above the sector's middle half▼ 2.3pp
Staff (FTE)2below the sector's middle half▼ 9.1%2=1
above
within
below
the middle half (P25 to P75) of NACE 77, Rental and leasing activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 107% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €328,553
Fixed assets
€150 =
Current assets
€328,403 ▲ 6.2%
Equity and liabilities €328,553
Equity
€311,513 ▲ 3.7%
Debt
€17,040 ▲ 87.8%
Debt's share of the balance-sheet total rises from 2.9% to 5.2%. Equity and debt are higher.
Key figures and ratios
Current ratio
19.27▼
2024 · 34.09
Debt to equity
0.05▲
2024 · 0.03
ROE
3.6%▲
2024 · 1.8%
ROA
3.4%▲
2024 · 1.8%
Debt ≤ 1 year
€17,040▲
2024 · €9,072
Income taxes
€4,545▲
2024 · €2,081
Staff costs
€2,889▼
2024 · €38,130
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 16,986 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are 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%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% 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 16,986 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 | - | €42,740 | €49,676 | €38,130 | €2,889 | ▼ 92.4% |
| Other operating charges640/8 | - | €457 | €191 | €46 | €97 | ▲ 113% |
| Gross operating margin9900 | €79,045 | €61,973 | €63,796 | €45,310 | €17,722 | ▼ 60.9% |
| Operating profit (loss)9901 | €36,859 | €18,776 | €13,930 | €7,135 | €14,735 | ▲ 107% |
| Financial income75/76B | - | €1 | €471 | €664 | €1,036 | ▲ 56.1% |
| Recurring financial income75 | €595 | €1 | €471 | €664 | €1,036 | ▲ 56.1% |
| Financial charges65/66B | - | €250 | €192 | €186 | €53 | ▼ 71.3% |
| Recurring financial charges65 | €164 | €250 | €192 | €186 | €53 | ▼ 71.3% |
| Profit (loss) for the period before taxes9903 | €37,290 | €18,527 | €14,209 | €7,613 | €15,718 | ▲ 106% |
| Income taxes67/77 | €10,750 | €5,200 | €3,960 | €2,081 | €4,545 | ▲ 118% |
| Profit (loss) for the period9904 | €26,540 | €13,327 | €10,249 | €5,531 | €11,172 | ▲ 102% |
| Profit (loss) for the period to be appropriated9905 | €26,540 | €13,327 | €10,249 | €5,531 | €11,172 | ▲ 102% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €290,262 | €300,776 | €305,803 | €309,413 | €328,553 | ▲ 6.2% |
| Fixed assets21/28 | €150 | €150 | €150 | €150 | €150 | = |
| Financial fixed assets28 | €150 | €150 | €150 | €150 | €150 | = |
| Current assets29/58 | €290,112 | €300,626 | €305,653 | €309,263 | €328,403 | ▲ 6.2% |
| Amounts receivable within one year40/41 | €92,175 | €62,173 | €69,565 | €63,624 | €26,326 | ▼ 58.6% |
| Trade receivables40 | - | €55,192 | €61,822 | €55,881 | €18,582 | ▼ 66.7% |
| Other amounts receivable41 | - | €6,981 | €7,743 | €7,743 | €7,743 | = |
| Cash at bank and in hand54/58 | €197,229 | €236,872 | €235,225 | €244,692 | €301,080 | ▲ 23.0% |
| Deferred charges and accrued income490/1 | - | €1,581 | €863 | €947 | €998 | ▲ 5.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €290,262 | €300,776 | €305,803 | €309,413 | €328,553 | ▲ 6.2% |
| Equity10/15 | €271,234 | €284,561 | €294,810 | €300,341 | €311,513 | ▲ 3.7% |
| Contributions10/11 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Capital10 | - | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Issued capital100 | - | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Non-distributable reserves130/1 | - | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Legal reserve130 | - | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Profit (loss) carried forward14 | €250,783 | €264,110 | €274,358 | €279,890 | €291,062 | ▲ 4.0% |
| Amounts payable17/49 | €19,028 | €16,215 | €10,994 | €9,072 | €17,040 | ▲ 87.8% |
| Amounts payable within one year42/48 | €19,028 | €16,215 | €10,994 | €9,072 | €17,040 | ▲ 87.8% |
| Trade debts44 | €5,401 | €9,228 | €4,200 | €3,840 | €11,486 | ▲ 199% |
| Suppliers440/4 | - | €9,228 | €4,200 | €3,840 | €11,486 | ▲ 199% |
| Taxes, remuneration and social security45 | - | €6,117 | €5,924 | €4,362 | €4,684 | ▲ 7.4% |
| Taxes450/3 | - | €4,953 | €4,356 | €2,930 | €4,684 | ▲ 59.9% |
| Remuneration and social security454/9 | - | €1,164 | €1,568 | €1,432 | - | - |
| Other amounts payable47/48 | - | €870 | €870 | €870 | €870 | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €26,540 | €13,327 | €10,249 | €5,531 | €11,172 | ▲ 102% |
| Operating cash flow (approximation) | €26,540 | €13,327 | €10,249 | €5,531 | €11,172 | ▲ 102% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €39,643 | -€1,647 | €9,467 | €56,388 | ▲ 496% |
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
2025
17-12
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
07-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
05-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 5 days late
2023
11-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
22-12
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
30-06
Financial
Highest result since 2019net €26,540 ▲289%
Operating result €36,859, net result €26,540, both a record.
12-01
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2019
19-12
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2018
27-12
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2017
12-12
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
02-02
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 2 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Grez-Doiceau · 1 establishment unit since 1998
Ground area
5,310 m²
Building footprint
618 m²
Volume, LiDAR
771 m³
2 parcels, Wallonia · tallest building 6.4 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Chaussée de Namur 98, 5030 Gembloux
since 19982.025.895.181
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25001B0318/00X000 | Wallonia | 4,265 m² | 1 · 158 m² | 6.3 m · 2 fl. |
| 92053B0055/00F024 | Wallonia | 1,045 m² | 1 · 461 m² | - |
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 361 companies in sector 77120 we hold annual accounts for 234. 164 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
Founded13-11-1984
Fiscal year end30-06
Activities, NACEBEL 2025
41001General construction of residential buildings
77120Rental and leasing activities
49410Freight transport by road
E-invoicing
Reachable via Peppol
Peppol ID
0208:0426424866
Also
9925:BE0426424866
Registered
27-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.