Financials
- Financial year
- 2024
- Turnover
- €88.3m
- Loss
- -€8.5m
- Solvency
- -10.2%
Turnover▲ 33.7%
Net result
20222024
Cobra Belgium
ActiveSummary
The computed 12-month bankruptcy probability of Cobra Belgium is 1.7% (moderate). The 2024 annual accounts show negative equity (-€7.9m) and a net result of -€8.5m. Equity is shrinking by about 704% per year across the filed financial years. The company has been active since 2022 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Activity
Engineering and related technical consultancy, excluding land surveyors
NACE 71121
9th largest company by total assets in the Brussels-Capital Region, Architecture and engineering sector1 site
Size
€88.3mturnover 2024
- Staff
- 35 FTE
- Equity
- -€7.9m
- Loss
- -€8.5m
Structure
- Parent
- COBRA INSTALACIONES Y SERVICIOS · 100%
Auditor: Ernst et Young Reviseurs d'Entreprises2025 accounts not filed, 89 days past the deadline1 of 3 deeds summarised
Why 53raises risk1 financial year not filed after the legal deadline; last filed accounts filed 357 days late; 3 of the last 3 lateFigures for financial year 2024 (filed 25-07-2026)Loss of €8.5m (financial year 2024)lowers riskSector: Architectural and engineering activities; technical testing and analysis (NACE 71)Show the evidence
Checked score
Score 2024
53
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 26% of its sector peers (NACE 71, small)
Financial strength · tick = 2023
Weak
Solvency
15-11
equity -10.2% of total assets
Liquidity
50=
short-term debt 99.1% · cash 85.5%
Profitability
10-29
return on assets -10.9%
Bankruptcy probability, 12 months
1.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 1.3%
12-2024: 1.3%● unchanged vs 11-2024
01-2025: 1.3%● unchanged vs 12-2024
02-2025: 1.3%● unchanged vs 01-2025
03-2025: 1.3%● unchanged vs 02-2025
04-2025: 1.3%● unchanged vs 03-2025
05-2025: 2.0%▲ +0.7 percentage points vs 04-2025
06-2025: 2.0%● unchanged vs 05-2025
07-2025: 2.0%● unchanged vs 06-2025
08-2025: 2.7%▲ +0.7 percentage points vs 07-2025highest value
09-2025: 2.7%● unchanged vs 08-2025highest value
10-2025: 1.9%▼ -0.8 percentage points vs 09-2025
11-2025: 1.8%▼ -0.1 percentage points vs 10-2025
12-2025: 2.0%▲ +0.2 percentage points vs 11-2025
01-2026: 2.3%▲ +0.3 percentage points vs 12-2025
02-2026: 2.3%● unchanged vs 01-2026
03-2026: 2.3%● unchanged vs 02-2026
04-2026: 2.0%▼ -0.3 percentage points vs 03-2026
05-2026: 2.0%● unchanged vs 04-2026
06-2026: 2.0%● unchanged vs 05-2026
07-2026: 2.0%● unchanged vs 06-2026
08-2026: 1.0%▼ -1.0 percentage point vs 07-2026lowest value
09-2026: 1.1%▲ +0.1 percentage points vs 08-2026
10-2026: 1.7%▲ +0.6 percentage points vs 09-2026
No credit on open account
Liquidity tight (current ratio 1.01, compared with 1.01 in 2023, below the usual 1.5; short-term debt: 99.1% and cash: 85.5% of total assets), and equity is negative.
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 71, small): better than 6% on solvency, 48% on liquidity, 9% on profitability and 43% on growth.
The bankruptcy probability was computed on 27-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
Six signals.
lowers riskraises risk
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 89 days later.
NBB · 3 filingsPosition against the passed deadline
31-12-2025 year end31-07-2026 deadline28-10-2026 today
raises risk · 2024 accounts filed 357 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 23-07-2026, 357 days past the deadline. Measured on financial year 2023: of the companies more than 90 days late, 5.61% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers.
NBB · 3 filingsDeviation from the deadline
2025
not filed
2024
357 days late
2023
418 days late
2022
633 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 469 days after the deadline; the sector median (NACE 71) for financial year 2024 is 8 days before the deadline, and 34% of those companies filed late.
Searched, nothing found (1)
- Reappointment: ERNST & Young Réviseurs d’Entreprises…Capital increase · Share issue…
- Annual accounts filedfinancial year 2024 · unclassified…
- Annual accounts filedfinancial year 2023 · unclassified…
Key points
- Risk: Negative equityfinancial year 2024: debts exceed assets -€7.9m View
- Caution: From profit to loss in 2024after €570,279 in 2023 -€8.5m View
- Caution: 2025 accounts not fileddeadline was 31-07-2026 89 days past the deadline View
- Positive: 9th largest company by total assets in the Brussels-Capital Region, Architecture and…in the Checked rankings No. 9 View
- Known shareholderslargest: COBRA INSTALACIONES Y… 100% 100% View
By topic
Board & ownership
- Largest shareholder
- COBRA INSTALACIONES Y SERVICIOS · 100%
- Known shareholders
- 100%
- Auditor
- Ernst et Young Reviseurs…
Timeline
- Events
- 7
- Since
- 2023
- 24-04-2025Annual accounts filed
- 31-12-2024Weakest financial year
- 31-12-2023Back to profit
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Engineering and related technical consultancy, excluding land surveyorsNACE 71121
- Founded
- 15-04-2022
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
Key facts about Cobra Belgium
- What is the company number of Cobra Belgium?
- 0784.883.814. In Belgium the VAT number is the company number with BE in front: BE 0784.883.814.
- Where is Cobra Belgium based?
- The registered office is at Louizalaan 65, 1050 Elsene.Company details
- What does Cobra Belgium do?
- According to the KBO register, the main activity is engineering and related technical consultancy, excluding land surveyors (NACE 71121).
- What is the legal form of Cobra Belgium?
- Private limited company (BV).
- When was Cobra Belgium founded?
- On 15-04-2022.
- Is Cobra Belgium still active?
- Yes, Cobra Belgium is an active enterprise in the KBO register.
- How many employees does Cobra Belgium have?
- On average 35 full-time equivalents in financial year 2024, according to the filed annual accounts.Financials
- What is the turnover of Cobra Belgium?
- €88.3m in financial year 2024, according to the filed annual accounts.
- Is Cobra Belgium profitable?
- In financial year 2024, Cobra Belgium made a loss of €8.5m.
- Where can I find the annual accounts of Cobra Belgium?
- Cobra Belgium filed 3 annual accounts with the National Bank of Belgium, the latest for financial year 2024.
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