Financials
- Fiscal year
- 2025
- Turnover
- €41,959
- Loss
- -€25,356
- Solvency
- 25.4%
Turnover▲ 511%
Net result
20232025
Cockpit²
ActiveSummary
The annual accounts of Cockpit² for fiscal year 2025 show a net loss of 52% of total assets and of 67% of the equity at the start of that year. The 2025 annual accounts show equity of €12,469 and a net result of -€25,356. Equity is shrinking by ~14.7% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2027. Its solvency ranks better than 34% of 1920 sector peers (fiscal year 2025). The company has been active since 1959 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 1.4% (low).
Overview
Activity
Public relations and communication consultancy
NACE 73300NACE 70210
#3 oldest company in the province of Liège, Advertising and market research sector1 site
Size
€41,959turnover 2025
- Equity
- €12,469
- Loss
- -€25,356
Structure
- Board
- 1 member
Accounts filed 30 d late1 of 5 deeds read
Why 53Capped at 59: a net loss of at least half of total assets or of the equity at the start of the financial year- Loss of €25,356 (FY 2025)- Latest accounts 30 days late; 2 of the last 3 late- Liquidity: current ratio 4.66, cash €700, halved+ Size: turnover €41,959, total assets €49,166Show the evidence
Checked score
Score 2025
53
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 18% of its sector peers (NACE 73, micro)
Performance against the sector, not lower risk
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59. Every signal that weighs is under Signals.
Financial strength · tick = 2024
Weak
Solvency
50-16
equity 25.4% of total assets
Liquidity
45-11
short-term debt 21.1% · cash 1.4%
Profitability
0-36
return on assets -51.6%
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 1.9%
12-2024: 1.9%● 0.0% vs 11-2024
01-2025: 1.9%▲ +2.0% vs 12-2024
02-2025: 1.9%● 0.0% vs 01-2025
03-2025: 1.9%● 0.0% vs 02-2025
04-2025: 2.0%▲ +1.2% vs 03-2025
05-2025: 2.0%● 0.0% vs 04-2025
06-2025: 1.9%▼ -5.8% vs 05-2025
07-2025: 2.0%▲ +8.3% vs 06-2025
08-2025: 2.4%▲ +20.5% vs 07-2025highest value
09-2025: 0.3%▼ -85.6% vs 08-2025
10-2025: 0.3%● 0.0% vs 09-2025
11-2025: 0.3%● 0.0% vs 10-2025
12-2025: 0.3%● 0.0% vs 11-2025
01-2026: 0.3%▼ -1.7% vs 12-2025
02-2026: 0.3%▼ -2.3% vs 01-2026
03-2026: 0.3%▼ -1.5% vs 02-2026lowest value
04-2026: 0.3%▲ +2.7% vs 03-2026
05-2026: 0.3%▲ +0.9% vs 04-2026
06-2026: 0.3%▼ -1.2% vs 05-2026
07-2026: 0.4%▲ +5.4% vs 06-2026
08-2026: 0.7%▲ +93.2% vs 07-2026
09-2026: 1.4%▲ +107% vs 08-2026
10-2026: 1.4%● 0.0% vs 09-2026
- Loss of €25,356 (FY 2025) raises the probability
- Latest accounts 30 days late; 2 of the last 3 late raises the probability
- Liquidity: current ratio 4.66, cash €700, halved raises the probability
- Size: turnover €41,959, total assets €49,166 lowers the probability for this profile
Credit up to €500 at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity ample (current ratio 4.66 against 4.66 in 2024; short-term debt: 21.1% and cash: 1.4% of total assets), but 74.6% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 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% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 73, micro). Better than this share of them on solvency 30%, liquidity 28%, profitability 6%, growth against the median 10%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-08-2026, 30 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 · 9 filingsDeviation from the deadline
2025
30 d late
2024
31 d late
2023
58 d late
2021
26 d late
2020
116 d late
2019
356 d late
2018
29 d late
← 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 92 days after the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 31 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
03-10-2026 today31-12-2026 close31-07-2027 deadline
- Appointment: Christian RENAULT (sole director)Statutes amendment · Name change…
- Annual accounts filedfiscal year 2025 · abbreviated…
- Weakest financial yearnet -€25,356
Key points
By topic
Board & ownership
- Board
- 1 member
Go to Board & ownership
Timeline
- Events
- 15
- Since
- 2017
- Next accounts
- by 31-07-2027
- 02-10-2026Appointment: Christian RENAULT (sole director)
- 30-08-2026Annual accounts filed
- 31-12-2025Weakest financial year
Company details
- Sites
- 1
- Legal form
- Public limited company
- Activity
- Public relations and communication consultancyNACE 73300
- Founded
- 19-03-1959
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
Articles of association
- Provisions read
- 55
- Annual meeting
- First Friday of June at 17:00
- Purpose
- La gestion et le conseil aux entreprises - liées ou non – pour l’organisation de leur…
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