COBROU
ActiveSummary
COBROU has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €58,876 and a net result of €13,007. Equity is growing by ~48% per year across the filed fiscal years. Its solvency ranks better than 31% of 19375 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability72▲+3
Solvency35▲+3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,000 at 30 days only on tighter terms
Liquidity short (current ratio 0.05 against 0.06 in 2023; short-term debt: 25% and cash: 0.7% of total assets), and 89.6% of the assets are financed with debt.
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Signals
Seven 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 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← 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 2024Solvency, return and age of the figures
Solvency
10.4%
Return on assets
2.3%
Age of the figures
24 mo
raises risk · Annual accounts not filed
The financial year that closed on 30-09-2025 was due at the National Bank by 30-04-2026. Nothing is on record, 151 days later.
NBB · 10 filingsPosition against the passed deadline
30-09-2025 close30-04-2026 deadline28-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2024 was due by 30-04-2025 and was filed on 05-03-2025, 56 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
56 d early
2023
33 d early
2022
38 d early
2021
30 d early
2020
24 d early
2019
35 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 36 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Turnover
€113,749
EBIT margin
-10.1%
Net result
€13,007▲ 375%
2023 · €2,736
Working capital
-€134,229▲ 0.3%
2023 · -€134,612
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate 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
Line20202021202220232024
Turnover€113,749
Operating result-€11,492€116,428€32,392▼ 72.2%€16,341▼ 49.6%€27,953▲ 71.1%
Net result-€31,362below the sector's middle half€102,860above the sector's middle half€12,936within the sector's middle half▼ 87.4%€2,736within the sector's middle half▼ 78.9%€13,007within the sector's middle half▲ 375%
EBIT margin-10.1%
Equity-€72,662below the sector's middle half▼ 75.9%€30,198within the sector's middle half€43,134within the sector's middle half▲ 42.8%€45,870within the sector's middle half▲ 6.3%€58,876within the sector's middle half▲ 28.4%
Total assets€837,781within the sector's middle half▼ 1.4%€885,058within the sector's middle half▲ 5.6%€685,575within the sector's middle half▼ 22.5%€615,624within the sector's middle half▼ 10.2%€568,625within the sector's middle half▼ 7.6%
Debt€910,443▲ 2.2%€854,860▼ 6.1%€642,441▼ 24.8%€569,755▼ 11.3%€509,749▼ 10.5%
Working capital-€229,875below the sector's middle half▼ 93.2%-€134,381below the sector's middle half▲ 41.5%-€101,421below the sector's middle half▲ 24.5%-€134,612below the sector's middle half▼ 32.7%-€134,229below the sector's middle half▲ 0.3%
Solvency-8.7%below the sector's middle half▼ 3.8pp3.4%below the sector's middle half▲ 12.1pp6.3%within the sector's middle half▲ 2.9pp7.5%within the sector's middle half▲ 1.2pp10.4%within the sector's middle half▲ 2.9pp
Current ratio0.19below the sector's middle half▼ 0.280.56within the sector's middle half▲ 0.370.19below the sector's middle half▼ 0.360.06below the sector's middle half▼ 0.140.05below the sector's middle half=
Return on assets (ROA)-3.7%below the sector's middle half▼ 7.5pp11.6%above the sector's middle half▲ 15.4pp1.9%within the sector's middle half▼ 9.7pp0.4%within the sector's middle half▼ 1.4pp2.3%within the sector's middle half▲ 1.8pp
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 71% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €568,625
Fixed assets
€560,875 ▼ 7.6%
Current assets
€7,749 ▼ 7.9%
Equity and liabilities €568,625
Equity
€58,876 ▲ 28.4%
Debt
€509,749 ▼ 10.5%
Debt's share of the balance-sheet total falls from 92.5% to 89.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€81,125▲
2023 · €70,196
Cash flow
€66,178▲
2023 · €56,591
Debt to equity
8.66▼
2023 · 12.42
ROE
22.1%▲
2023 · 6.0%
Interest coverage
7.96▲
2023 · 6.23
Debt ≤ 1 year
€141,979▼
2023 · €143,030
Debt > 1 year
€358,295▼
2023 · €422,858
Income taxes
€4,777▲
2023 · €2,338
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 4,678 companies that looked in July 2024 the way this one looks now, 0.9% went bankrupt within 24 months and 97% are still going.
- Small
- 20 years or older
- solvency 10 to 30%
- a profit under 5% of the balance sheet
0.9%
went bankrupt
1.9%
stopped otherwise
97%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% 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 497,662 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% | 1.7% |
| 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 75% 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 4,678 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €113,749 | - | - | - | - | - |
| Non-recurring operating income76A | - | - | €0 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €76,798 | €61,574 | €53,855 | €53,855 | €53,171 | ▼ 1.3% |
| Other operating charges640/8 | - | - | €8,212 | €9,968 | €10,674 | ▲ 7.1% |
| Gross operating margin9900 | €73,721 | €187,205 | €94,459 | €80,164 | €91,799 | ▲ 14.5% |
| Operating profit (loss)9901 | -€11,492 | €116,428 | €32,392 | €16,341 | €27,953 | ▲ 71.1% |
| Financial income75/76B | - | - | €0 | - | €21 | - |
| Recurring financial income75 | €15 | €501 | €0 | - | €21 | - |
| Financial charges65/66B | - | - | €13,647 | €11,267 | €10,191 | ▼ 9.6% |
| Recurring financial charges65 | €19,543 | €13,670 | €13,647 | €11,267 | €10,191 | ▼ 9.6% |
| Profit (loss) for the period before taxes9903 | -€31,020 | €103,260 | €18,745 | €5,074 | €17,783 | ▲ 250% |
| Income taxes67/77 | €342 | €400 | €5,809 | €2,338 | €4,777 | ▲ 104% |
| Profit (loss) for the period9904 | -€31,362 | €102,860 | €12,936 | €2,736 | €13,007 | ▲ 375% |
| Profit (loss) for the period to be appropriated9905 | -€31,362 | €102,860 | €12,936 | €2,736 | €13,007 | ▲ 375% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €837,781 | €885,058 | €685,575 | €615,624 | €568,625 | ▼ 7.6% |
| Fixed assets21/28 | €784,768 | €714,916 | €661,061 | €607,207 | €560,875 | ▼ 7.6% |
| Tangible fixed assets22/27 | €784,768 | €714,916 | €661,061 | €607,207 | €560,875 | ▼ 7.6% |
| Land and buildings22 | - | - | €658,861 | €607,207 | €555,552 | ▼ 8.5% |
| Furniture and vehicles24 | - | - | €2,200 | €0 | €5,323 | - |
| Current assets29/58 | €53,013 | €170,142 | €24,514 | €8,418 | €7,749 | ▼ 7.9% |
| Cash at bank and in hand54/58 | €47,734 | €165,124 | €19,496 | €3,268 | €3,857 | ▲ 18.0% |
| Deferred charges and accrued income490/1 | - | - | €5,017 | €5,149 | €3,892 | ▼ 24.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €837,781 | €885,058 | €685,575 | €615,624 | €568,625 | ▼ 7.6% |
| Equity10/15 | -€72,662 | €30,198 | €43,134 | €45,870 | €58,876 | ▲ 28.4% |
| Contributions10/11 | €63,000 | €63,000 | €63,000 | €63,000 | €63,000 | = |
| Capital10 | - | - | €63,000 | €63,000 | €63,000 | = |
| Issued capital100 | - | - | €63,000 | €63,000 | €63,000 | = |
| Profit (loss) carried forward14 | -€135,662 | -€32,802 | -€19,866 | -€17,130 | -€4,124 | ▲ 75.9% |
| Amounts payable17/49 | €910,443 | €854,860 | €642,441 | €569,755 | €509,749 | ▼ 10.5% |
| Amounts payable after more than one year17 | €625,066 | €540,881 | €507,374 | €422,858 | €358,295 | ▼ 15.3% |
| Financial debts170/4 | - | - | €457,374 | €372,858 | €288,295 | ▼ 22.7% |
| Other amounts payable178/9 | - | - | €50,000 | €50,000 | €70,000 | ▲ 40.0% |
| Amounts payable within one year42/48 | €282,888 | €304,523 | €125,935 | €143,030 | €141,979 | ▼ 0.7% |
| Current portion of amounts payable after more than one year42 | - | - | €85,530 | €86,573 | €86,655 | ▲ 0.1% |
| Trade debts44 | €81,901 | €103,220 | €5,702 | €13,514 | €6,995 | ▼ 48.2% |
| Suppliers440/4 | - | - | €5,702 | €13,514 | €6,995 | ▼ 48.2% |
| Taxes, remuneration and social security45 | - | - | €5,800 | €2,300 | €4,700 | ▲ 104% |
| Taxes450/3 | - | - | €5,800 | €2,300 | €4,700 | ▲ 104% |
| Other amounts payable47/48 | - | - | €28,903 | €40,642 | €43,628 | ▲ 7.3% |
| Accrued charges and deferred income492/3 | - | - | €9,132 | €3,867 | €9,475 | ▲ 145% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€31,362 | €102,860 | €12,936 | €2,736 | €13,007 | ▲ 375% |
| + Depreciation and write-downs630 | €76,798 | €61,574 | €53,855 | €53,855 | €53,171 | ▼ 1.3% |
| Operating cash flow (approximation) | €45,436 | €164,434 | €66,791 | €56,591 | €66,178 | ▲ 16.9% |
| Investment in fixed assets (approximation) | - | €8,278 | €0 | €0 | -€6,840 | - |
| Change in cash | - | €117,390 | -€145,628 | -€16,228 | €589 | ▲ 104% |
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
2025
05-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
28-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
23-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Back to profitnet €102,860
Net result €102,860 after one loss-making year.
06-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Weakest financial yearnet -€31,362
Net result drops to -€31,362, the lowest in the series; recovery starts the following year.
26-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-09
Financial
Back to profitnet €32,065
Net result €32,065 after one loss-making year.
28-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
03-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
31-03
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
2015
27-03
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 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
8 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, Frameries · 1 establishment unit since 2003
Ground area
1,656 m²
Building footprint
136 m²
Volume, LiDAR
984 m³
Parcel 53045C1274/00P002, Wallonia · tallest building 9.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
COBROU
since 20032.133.285.762
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 53045C1274/00P002 | Wallonia | 1,656 m² | 1 · 136 m² | 9.5 m · 2 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 9,146 companies in sector 68201 we hold annual accounts for 6,775. 3,556 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
Founded15-09-2003
Fiscal year end30-09
Activities, NACEBEL 2025
68201Renting and operating of own or leased residential real estate, excluding social housing
42220Construction of utility projects for electricity and telecommunications
43990Other specialised construction activities
71121Engineering and related technical consultancy, excluding land surveyors
E-invoicing
Reachable via Peppol
Peppol ID
0208:0860483931
Also
9925:BE0860483931
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.