Losses
-€170,562 in three years
Every financial year from 2023 to 2025 closed with a loss. 2024 was the heaviest.
COPARFIM
Lifetime
20 annual accounts with figures on one time axis, 32 filings since 1994peak €766,858 (2022)
€284,351▲ 128%
lowest -€104,488 (2024)
-€26,811▲ €77,677
peak €4.0m (2024)
€4.0m▼ 0.7%
€2.1m▼ 0.2%
peak 1 FTE (2018)
-not published
Board4 names since 2018
3 directorsRAICK Claude Léonard Valentin and 2 others
Owners4 names in the annual accounts
Documentsfilings and deeds
30-06-202631 days before the deadline
2025financial year
Gross margin from €124,717 to €284,351Loss of €26,811Cash from €133,268 to €208,218
Key points
from the 2025 annual accountsInvestments
€29,964 0.2 × depreciation
Green is investment, beige is depreciation.
Filings
32 annual accounts since 1994
The last five annual accounts were filed 31 to 34 days before the end of the period.
Checked score
93
Excellent
Financially stronger than 44% of small companies in real estate (NACE 68)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 6,995 companies (NACE 68, small).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%lowest value
01-2025: < 0.1%● unchanged vs 12-2024lowest value
02-2025: < 0.1%● unchanged vs 01-2025
03-2025: < 0.1%● unchanged vs 02-2025
04-2025: < 0.1%● unchanged vs 03-2025
05-2025: < 0.1%● unchanged vs 04-2025
06-2025: < 0.1%● unchanged vs 05-2025
07-2025: 0.1%▲ +0.1 percentage points vs 06-2025
08-2025: < 0.1%▼ -0.1 percentage points vs 07-2025
09-2025: < 0.1%● unchanged vs 08-2025
10-2025: < 0.1%● unchanged vs 09-2025
11-2025: < 0.1%● unchanged vs 10-2025
12-2025: < 0.1%● unchanged vs 11-2025
01-2026: < 0.1%● unchanged vs 12-2025
02-2026: < 0.1%● unchanged vs 01-2026
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: < 0.1%● unchanged vs 03-2026
05-2026: 0.1%▲ +0.1 percentage points vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: 0.1%● unchanged vs 07-2026
09-2026: 0.2%▲ +0.1 percentage points vs 08-2026highest value
10-2026: < 0.1%▼ -0.2 percentage points vs 09-2026
11-2026: < 0.1%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
Liquidity: current ratio 0.10, cash €208,218
lowers risk
Size: total assets €6.2m
Figures for financial year 2025 (filed on 30-06-2026)
Legal form: public limited company
Calculation
The band follows from the bankruptcy probability. 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 68, small). It does better than 78% of them on solvency, 34% on liquidity, 25% on profitability and 39% on growth.
The bankruptcy probability was computed on 10-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 830 companies had the same profile as COPARFIM has now. Each dot stands for 3 companies, two years later.
96.5%
were still trading
2.9%
stopped another way
0.6%
went bankrupt
That fits the bankruptcy probability of COPARFIM itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 830 companies, not a prediction for COPARFIM. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €360,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.1 (0.07 in 2024), below 1. Short-term debt is 33.2% and cash 3.4% of total assets. 36% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 30-06-2026, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
31 days early
2024
32 days early
2023
31 days early
2022
34 days early
2021
32 days early
2020
58 days early
2019
49 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 38 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 29 June (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- CLAUDE RAICK 85.41%annual accounts 2020
- CAROLINE RAICK 6.58%annual accounts 2020
- MICHAEL RAICK 6.58%annual accounts 2020
Shares in 1 company, COFRABEL
Board & ownershipRecent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0451485213
Capital increase of €1,000,000
RAICK Claude Léonard Valentin holds 2,987 shares · NICOLAY France Denise Raymonde Marie holds 50 shares · RAICK Michaël Laurent Daniel is a shareholder · General meeting of 31-10-2024 · Gazette deed
Amendment of the articles · Resignations & appointments
Reappointments: RAICK Claude Léonard Valentin, RAICK Michaël Laurent Daniel and RAICK Caroline Céline Michèle · NICOLAY France Denise Raymonde Marie holds 50 shares · RAICK Michaël Laurent Daniel is a shareholder · General meeting of 13-06-2022 · Gazette deed
1 director appointed, 1 resignation, 2 reappointments
Resignation: Codata Services · Appointment: Caroline RAICK · Reappointments: Claude RAICK and Michael RAICK · General meeting of 03-05-2021 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| COPARFIM Namur | €6.2m | €284,351 | 64.0% | - |
| KLF - INVEST Sint-Niklaas | €6.2m | €270,834 | 22.5% | - |
| ANPA Geraardsbergen | €6.4m | €290,860 | 69.5% | - |
| Celis Beheer Sint-Truiden | €6.3m | €271,913 | 51.6% | - |
| PELGRIMS Begijnendijk | €5.7m | €299,773 | 17.0% | - |
| CLODIMA Ostend | €5.8m | €312,837 | 87.4% | - |
| De Hoprank Laarne | €6.4m | €241,123 | 62.9% | - |
These companies have the same main activity as COPARFIM: renting and operating of own or leased residential real estate, excluding social housing (NACE 68201). They are comparable in size and age: total assets between €5.7m and €6.4m, founded between 1990 and 1994.
Official details
Source: KBO- Status
- Active since 27-10-1993Normal situation
- Activity
- Renting and operating of own or leased residential real estate, excluding social housingNACE 68201and 1 other
- Establishment unit
- 2.065.455.6425100 Namur, since 02-02-1994
- Financial year end
- 31 December
- Peppol
- Reachable since 05-01-2026
Annual accounts 2025
- ≈ €320,000estimated
- €6.2m▼ 0.6%
- Filing
- Filed on 30-06-2026, 31 days before the end of the filing period
Insights on COPARFIM
COPARFIM has existed since 1993. The gross margin fell from €766,858 in 2022 to €57,234 in 2023.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about COPARFIM
- What is the company number of COPARFIM?
- The company number of COPARFIM is 0451.485.213. The VAT number is the same number with BE in front: BE 0451.485.213.
- Where is COPARFIM based?
- The registered office is at Av. du Bourg. Jean Materne 143-145, 5100 Namur.Company details
- What does COPARFIM do?
- According to the KBO register, the main activity is renting and operating of own or leased residential real estate, excluding social housing (NACE 68201).
- What is the legal form of COPARFIM?
- COPARFIM is a public limited company (NV).
- When was COPARFIM founded?
- COPARFIM was founded on 27-10-1993.
- Is COPARFIM still active?
- Yes, COPARFIM is an active enterprise in the KBO register.
- How many employees does COPARFIM have?
- COPARFIM had an average of 1 full-time equivalents in financial year 2020, according to the filed annual accounts.Financials
- What is the turnover of COPARFIM?
- The turnover in financial year 2025 is ≈ €320,000. This figure is estimated from the gross margin of €284,351 and 38 comparable companies (NACE 68201). It probably lies between €290,000 and €350,000.
- Is COPARFIM profitable?
- In financial year 2025, COPARFIM made a loss of €26,811.
- Where can I find the annual accounts of COPARFIM?
- COPARFIM filed 32 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of COPARFIM due?
- COPARFIM must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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