COCKPIT
ActiveSummary
COCKPIT has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €98,607 and a net result of -€17,582. Equity is growing by ~18.4% per year across the filed fiscal years. Its solvency ranks better than 95% of 8190 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-88
Solvency100=
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6,000 at 30 days acceptable
short-term debt: 0.1% and cash: 30% of total assets, and 0.1% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four 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 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 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 · 10 filingsDeviation from the deadline
2025
27 d late
2024
15 d early
2023
20 d late
2022
14 d early
2021
31 d early
2020
37 d early
2019
28 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 11 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% 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 17 July (4 of the last 5 filed years within 35 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€17,582
2024 · €19,151
Working capital
€82,009▼ 16.6%
2024 · €98,313
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€27,332▲ 579%€44,781▲ 63.8%€40,463▼ 9.6%€27,474▼ 32.1%-€18,860
Net result€19,212within the sector's middle half▲ 61.8%€30,980above the sector's middle half▲ 61.3%€26,990above the sector's middle half▼ 12.9%€19,151within the sector's middle half▼ 29.0%-€17,582below the sector's middle half
Equity€64,631below the sector's middle half▲ 7.0%€95,610within the sector's middle half▲ 47.9%€105,727within the sector's middle half▲ 10.6%€116,189within the sector's middle half▲ 9.9%€98,607within the sector's middle half▼ 15.1%
Total assets€86,887below the sector's middle half▲ 13.2%€123,839within the sector's middle half▲ 42.5%€119,650within the sector's middle half▼ 3.4%€127,230within the sector's middle half▲ 6.3%€98,716below the sector's middle half▼ 22.4%
Debt€22,256▲ 36.0%€28,229▲ 26.8%€13,923▼ 50.7%€11,041▼ 20.7%€109▼ 99.0%
Working capital€62,160below the sector's middle half▲ 8.5%€91,751within the sector's middle half▲ 47.6%€98,957within the sector's middle half▲ 7.9%€98,313within the sector's middle half▼ 0.7%€82,009within the sector's middle half▼ 16.6%
Solvency74.4%above the sector's middle half▼ 4.3pp77.2%above the sector's middle half▲ 2.8pp88.4%above the sector's middle half▲ 11.2pp91.3%above the sector's middle half▲ 3.0pp99.9%above the sector's middle half▲ 8.6pp
Current ratio3.79above the sector's middle half▼ 0.714.25above the sector's middle half▲ 0.468.11above the sector's middle half▲ 3.869.90above the sector's middle half▲ 1.80
Return on assets (ROA)22.1%above the sector's middle half▲ 6.6pp25.0%above the sector's middle half▲ 2.9pp22.6%above the sector's middle half▼ 2.5pp15.1%above the sector's middle half▼ 7.5pp-17.8%below the sector's middle half▼ 32.9pp
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €18,860 after €27,474 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €98,716
Fixed assets
€16,598 ▼ 7.1%
Current assets
€82,118 ▼ 24.9%
Equity and liabilities €98,716
Equity
€98,607 ▼ 15.1%
Debt
€109 ▼ 99.0%
Debt's share of the balance-sheet total falls from 8.7% to 0.1%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€16,161▼
2024 · €29,800
Cash flow
-€14,883▼
2024 · €21,477
Debt to equity
0.00▼
2024 · 0.10
ROE
-17.8%▼
2024 · 16.5%
Interest coverage
-90.79▼
2024 · 161.08
Debt ≤ 1 year
€109▼
2024 · €11,041
Income taxes
-€870▼
2024 · €10,000
A ratio outside any meaningful range has been withheld (balance sheet total €98,716, equity €98,607).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 4,805 companies that looked in July 2024 the way this one looks now, 2.0% went bankrupt within 24 months and 88% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
2.0%
went bankrupt
9.8%
stopped otherwise
88%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.0% 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 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 4,805 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,495 | €2,112 | €1,058 | €2,326 | €2,699 | ▲ 16.0% |
| Other operating charges640/8 | €843 | €1,278 | €3,153 | €1,484 | €2,666 | ▲ 79.6% |
| Gross operating margin9900 | €29,670 | €48,171 | €44,674 | €31,284 | -€13,495 | ▼ 143% |
| Operating profit (loss)9901 | €27,332 | €44,781 | €40,463 | €27,474 | -€18,860 | ▼ 169% |
| Financial income75/76B | €856 | €856 | €856 | €1,862 | €586 | ▼ 68.5% |
| Recurring financial income75 | €856 | €856 | €856 | €1,862 | €586 | ▼ 68.5% |
| Financial charges65/66B | €112 | €157 | €217 | €185 | €178 | ▼ 3.8% |
| Recurring financial charges65 | €112 | €157 | €217 | €185 | €178 | ▼ 3.8% |
| Profit (loss) for the period before taxes9903 | €28,076 | €45,480 | €41,102 | €29,151 | -€18,452 | ▼ 163% |
| Income taxes67/77 | €8,864 | €14,500 | €14,112 | €10,000 | -€870 | ▼ 109% |
| Profit (loss) for the period9904 | €19,212 | €30,980 | €26,990 | €19,151 | -€17,582 | ▼ 192% |
| Profit (loss) for the period to be appropriated9905 | €19,212 | €30,980 | €26,990 | €19,151 | -€17,582 | ▼ 192% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €86,887 | €123,839 | €119,650 | €127,230 | €98,716 | ▼ 22.4% |
| Fixed assets21/28 | €2,471 | €3,859 | €6,770 | €17,876 | €16,598 | ▼ 7.1% |
| Intangible fixed assets21 | €816 | €612 | €442 | €272 | €102 | ▼ 62.5% |
| Tangible fixed assets22/27 | €1,655 | €3,247 | €6,328 | €7,604 | €6,496 | ▼ 14.6% |
| Furniture and vehicles24 | €1,655 | €3,247 | €6,328 | €7,604 | €6,496 | ▼ 14.6% |
| Financial fixed assets28 | - | - | - | €10,000 | €10,000 | = |
| Current assets29/58 | €84,416 | €119,980 | €112,880 | €109,354 | €82,118 | ▼ 24.9% |
| Amounts receivable after more than one year29 | €17,500 | €17,500 | €17,500 | €17,500 | €0 | ▼ 100% |
| Other amounts receivable291 | €17,500 | €17,500 | €17,500 | €17,500 | €0 | ▼ 100% |
| Amounts receivable within one year40/41 | €43,643 | €59,992 | €79,543 | €54,667 | €52,473 | ▼ 4.0% |
| Trade receivables40 | €42,714 | €58,915 | €54,543 | €9,392 | €9,267 | ▼ 1.3% |
| Other amounts receivable41 | €929 | €1,077 | €25,000 | €45,275 | €43,206 | ▼ 4.6% |
| Cash at bank and in hand54/58 | €20,751 | €39,965 | €13,611 | €33,373 | €29,645 | ▼ 11.2% |
| Deferred charges and accrued income490/1 | €2,522 | €2,523 | €2,226 | €3,814 | €0 | ▼ 100% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €86,887 | €123,839 | €119,650 | €127,230 | €98,716 | ▼ 22.4% |
| Equity10/15 | €64,631 | €95,610 | €105,727 | €116,189 | €98,607 | ▼ 15.1% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Outside capital11 | €6,200 | - | €6,200 | €6,200 | €6,200 | = |
| Share premium1100/10 | €6,200 | - | - | - | - | - |
| Other1109/19 | - | - | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €41,638 | €72,538 | €99,438 | €109,748 | €109,748 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | €39,778 | €70,678 | €97,578 | €107,888 | €107,888 | = |
| Profit (loss) carried forward14 | €16,793 | €16,872 | €89 | €241 | -€17,341 | ▼ 7,295% |
| Amounts payable17/49 | €22,256 | €28,229 | €13,923 | €11,041 | €109 | ▼ 99.0% |
| Amounts payable within one year42/48 | €22,256 | €28,229 | €13,923 | €11,041 | €109 | ▼ 99.0% |
| Trade debts44 | €4,499 | €6,023 | €357 | €272 | - | - |
| Suppliers440/4 | €4,499 | €6,023 | €357 | €272 | - | - |
| Taxes, remuneration and social security45 | €17,562 | €19,096 | €12,551 | €2,514 | €109 | ▼ 95.7% |
| Taxes450/3 | €17,562 | €19,096 | €12,551 | €2,514 | €109 | ▼ 95.7% |
| Other amounts payable47/48 | €195 | €3,110 | €1,015 | €8,255 | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €19,212 | €30,980 | €26,990 | €19,151 | -€17,582 | ▼ 192% |
| + Depreciation and write-downs630 | €1,495 | €2,112 | €1,058 | €2,326 | €2,699 | ▲ 16.0% |
| Operating cash flow (approximation) | €20,707 | €33,092 | €28,048 | €21,477 | -€14,883 | ▼ 169% |
| Investment in fixed assets (approximation) | - | -€3,500 | -€3,969 | -€13,432 | -€1,421 | ▲ 89.4% |
| Change in cash | - | €19,214 | -€26,354 | €19,762 | -€3,728 | ▼ 119% |
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
2026
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 27 days late
2025
31-12
Financial
Weakest financial yearnet -€17,582
Net result drops to -€17,582, the lowest in the series.
31-12
Financial
Liquidity times 76current ratio 753.38
Current ratio from 9.90 to 753.38; short-term debt falls from €11,041 to €109.
16-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
20-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 20 days late
2023
31-12
Financial
Equity above €100,000Eq €105,727 ▲10.6%
6 profitable years in a row build equity to €105,727.
17-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €30,980 ▲61.3%
Operating result €44,781, net result €30,980, both a record.
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
24-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
03-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
25-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 25 days late
2018
29-05
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
13-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Elsene · 1 establishment unit since 2007
Ground area
240 m²
Building footprint
94 m²
Volume, LiDAR
1,452 m³
Parcel 21447B0313/00S011, Brussels · tallest building 19.5 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
Camille Lemonnierstraat 45, 1050 Elsene
since 20072.159.220.988
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21447B0313/00S011 | Brussels | 240 m² | 1 · 94 m² | 19.5 m · 5 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 6,138 companies in sector 46190 we hold annual accounts for 2,574. 1,975 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
Founded25-01-2007
Fiscal year end31-12
Activities, NACEBEL 2025
46190Agents in non-specialised wholesale trade
68110Buying and selling of own real estate
68201Renting and operating of own or leased residential real estate, excluding social housing
69209Other tax advisory services
73300Public relations and communication consultancy
81100Combined facilities support activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0886720352
Also
9925:BE0886720352
Registered
08-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.