COBRA TECHNOLOGY
ActiveCOBRA TECHNOLOGY has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €782k and a net result of €-10k. Equity is growing by ~18.6% per year across the filed fiscal years. Its solvency ranks better than 62% of 397 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
63
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability47▼-27
Solvency75▼-8
Growth52=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45k at 30 days acceptable
Liquidity ample (current ratio 1.91 against 2.34 in 2024; short-term debt: 45.5% and cash: 11.2% of total assets), and 49.7% of the assets are financed with debt.
Credit advice for your own amount and term
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 42
Relative position
BE, all sectors
reference
Sector 42
higher
← 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
50.3%
Return on assets
-0.6%
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 03-07-2026, 28 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
28 d early
2024
92 d late
2023
12 d early
2022
on the day
2021
30 d late
2020
1 d early
2019
91 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
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€782k▼ 1.2%
2024 · €792k
2018: €293k
2019: €293k
2020: €363k
2021: €417k
2022: €545k
2023: €734k
2024: €792k
2018 → 2025
Total assets
€1.55M▲ 14.0%
2024 · €1.36M
2018: €1.63M
2019: €1.61M
2020: €1.38M
2021: €1.13M
2022: €1.05M
2023: €1.46M
2024: €1.36M
2018 → 2025
Net result
€-10k
2024 · €57k
2018: €188k
2019: €-111k
2020: €181k
2021: €54k
2022: €128k
2023: €189k
2024: €57k
2018 → 2025
Working capital
€640k▼ 12.5%
2024 · €732k
2018: €-69k
2019: €-57k
2020: €-118k
2021: €323k
2022: €510k
2023: €672k
2024: €732k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€417k-€545k▲ 30.7%€734k▲ 34.7%€792k▲ 7.8%€782k▼ 1.2%
Operating result€91k-€196k▲ 116%€278k▲ 41.4%€97k▼ 65.0%€13k▼ 86.4%
Net result€54k-€128k▲ 136%€189k▲ 47.7%€57k▼ 69.7%€-10k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 86% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.55M
Fixed assets
€208k▲ 145%
Current assets
€1.35M▲ 5.3%
Equity and liabilities €1.55M
Equity
€782k▼ 1.2%
Debt
€773k▲ 35.0%
The debt ratio rises from 42.0% to 49.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€53k▼
2024 · €119k
Cash flow
€30k▼
2024 · €79k
Solvency
50.3%▼
2024 · 58.0%
Current ratio
1.91▼
2024 · 2.34
Quick ratio
1.40▼
2024 · 2.05
Debt / equity
0.99▲
2024 · 0.72
ROE
-1.3%▼
2024 · 7.2%
ROA
-0.6%▼
2024 · 4.2%
Interest coverage
3.51▼
2024 · 7.76
Debt
€773k▲
2024 · €573k
Debt ≤ 1 year
€707k▲
2024 · €548k
Debt > 1 year
€66k▲
2024 · €25k
Income taxes
€14k▼
2024 · €39k
Staff costs
€934k▲
2024 · €725k
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€1.36M€1.55M▲
Fixed assets21/28€85k€208k▲
Intangible fixed assets21€21k€57k▲
Tangible fixed assets22/27€58k€145k▲
Land and buildings22€4k€2k▼
Plant, machinery and equipment23€9k€11k▲
Furniture and vehicles24€14k€50k▲
Leasing and similar rights25€32k€82k▲
Financial fixed assets28€6k€6k=
Current assets29/58€1.28M€1.35M▲
Stocks and contracts in progress3€155k€358k▲
Stocks30/36€155k€140k▼
Contracts in progress37-€218k
Amounts receivable within one year40/41€860k€810k▼
Trade receivables40€745k€601k▼
Other amounts receivable41€115k€210k▲
Cash at bank and in hand54/58€240k€175k▼
Deferred charges and accrued income490/1€25k€4k▼
Equity and liabilities
Total equity and liabilities10/49€1.36M€1.55M▲
Equity10/15€792k€782k▼
Contributions10/11€102k€102k=
Reserves13€690k€680k▼
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€690k€680k▼
Amounts payable17/49€573k€773k▲
Amounts payable after more than one year17€25k€66k▲
Financial debts170/4€25k€66k▲
Amounts payable within one year42/48€548k€707k▲
Current portion of amounts payable after more than one year42€6k€18k▲
Financial debts43€200k-
Credit institutions430/8€200k-
Trade debts44€186k€282k▲
Suppliers440/4€186k€282k▲
Advances received on contracts in progress46-€149k
Taxes, remuneration and social security45€155k€183k▲
Taxes450/3€81k€66k▼
Remuneration and social security454/9€73k€117k▲
Other amounts payable47/48€1k€75k▲
Accrued charges and deferred income492/3€2€320▲
Income statement
Code20242025
Non-recurring operating income76A€0-
Remuneration, social security and pensions62€725k€934k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€22k€40k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€27k-
Other operating charges640/8€30k€8k▼
Gross operating margin9900€901k€994k▲
Operating profit (loss)9901€97k€13k▼
Financial income75/76B€15k€6k▼
Recurring financial income75€15k€6k▼
Financial charges65/66B€15k€15k▼
Recurring financial charges65€15k€15k▼
Profit (loss) for the period before taxes9903€97k€4k▼
Income taxes67/77€39k€14k▼
Profit (loss) for the period9904€57k€-10k▼
Profit (loss) for the period to be appropriated9905€57k€-10k▼
Appropriation of the result
Profit (loss) to be appropriated9906€57k€-10k▼
Transfer from equity791/2-€10k
Transfer to equity691/2€57k-
To other reserves6921€57k-
Social balance
Average headcount (FTE)908711.312.3▲
The notes to these accounts (13 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
03-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 92 days late
2024
19-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2018net €189k ▲47.7%
Net result €189k, the highest in the series.
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Equity above €500kEq €545k ▲30.7%
3 profitable years in a row build equity to €545k.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 30 days late
2021
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Back to profitnet €181k
Net result €181k after one loss-making year.
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 91 days late
2019
31-12
Financial
Weakest financial yearnet €-111k ▼159%
Net result drops to €-111k, the lowest in the series; recovery starts the following year.
14-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 75 days late
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 59 days late
2017
02-10
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 63 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Erpe-Mere · 1 establishment unit since 2005
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.
Evenbroekveld 99420 Erpe-MereGround area
3,314 m²
Building footprint
1,668 m²
Volume, LiDAR
9,395 m³
Parcel 41016D0938/00F000, Flanders · tallest building 8.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Cobra Technology
since 20052.150.619.464
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41016D0938/00F000 | Flanders | 3,314 m² | 1 · 1,668 m² | 8.0 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel 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
2023 to 2024 · 2 entries · 1,196 EUR awarded · 1,352 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 884 EUR | 1,040 EUR |
| 2023 | 1 | 312 EUR | 312 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Recognised contractor
4 categoriesCOBRA TECHNOLOGY BV35812
Legal Entity Identifier
529900U8D8NHJPN3QF71
Similar companies · same sector, comparable size
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BE 0671.657.395
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Belcotec Technics
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Geel · Eq €778k
VANHULLE
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ELWECO
BE 0436.891.958
Maasmechelen · Eq €769k
Of 1,823 companies in sector 42220 we hold annual accounts for 958. 466 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded08-12-2005
Fiscal year end31-12
Activities, NACEBEL
42220Construction of utility projects for electricity and telecommunications
43211General electrical installation work
43214Specialised construction activities
45215
45310
46140Agents in the wholesale of industrial machinery, ships and aircraft
Sources
Crossroads Bank for EnterprisesNational Bank · 20 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.