COEPA
ActiveCOEPA has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (€-57k) and a net result of €-9k. Equity is shrinking by ~33.6% per year across the filed fiscal years. Its solvency ranks better than 10% of 2091 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2024
7
/ 100
Critical▼ -9 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability82▲+82
Solvency35=
Growth32▼-26
Stability100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.59 against 0.59 in 2023), and equity is negative.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
-59.8%
Return on assets
-9.9%
Age of the figures
20 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 10
Relative position
BE, all sectors
reference
Sector 10
higher
← 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 · Negative equity
Equity is negative for financial year 2024: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year -€57k
neutral · A punctual record breaks
This company filed 4 consecutive financial years on time. The year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 06-08-2025, 6 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
6 d late
2023
66 d early
2022
1 d early
2021
4 d early
2020
on the day
2019
122 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-9k
2023 · €46k
2018: €-2k
2019: €-20k
2020: €-113k
2021: €-55k
2022: €-10k
2023: €46k
2018 → 2024
Working capital
€-62k▼ 15.7%
2023 · €-54k
2018: €71k
2019: €64k
2020: €-38k
2021: €-90k
2022: €-98k
2023: €-54k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€-29k-€-84k▼ 188%€-93k▼ 11.6%€-47k▲ 49.3%€-57k▼ 19.7%
Operating result€-112k-€-54k▲ 52.2%€-8k▲ 85.1%€24k€-7k
Net result€-113k-€-55k▲ 51.5%€-10k▲ 82.2%€46k€-9k
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €7k after €24k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €95k
Fixed assets
€6k▼ 9.1%
Current assets
€89k▲ 12.3%
Key figures and ratios
EBITDA
€-7k▼
2023 · €25k
Cash flow
€-9k▼
2023 · €47k
Solvency
-59.8%▼
2023 · -55.3%
Current ratio
0.59▼
2023 · 0.59
Quick ratio
0.54=
2023 · 0.54
Debt / equity
-2.67▲
2023 · -2.81
ROE
16.5%▲
2023 · -97.4%
ROA
-9.9%▼
2023 · 53.8%
Interest coverage
-2.99▼
2023 · 9.49
Debt
€151k▲
2023 · €133k
Debt ≤ 1 year
€151k▲
2023 · €133k
Staff costs
€39k▼
2023 · €65k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€86k€95k▲
Fixed assets21/28€7k€6k▼
Tangible fixed assets22/27€2k€1k▼
Plant, machinery and equipment23€767€517▼
Furniture and vehicles24€309€154▼
Other tangible fixed assets26€760€570▼
Financial fixed assets28€5k€5k=
Current assets29/58€79k€89k▲
Stocks and contracts in progress3€8k€8k=
Stocks30/36€8k€8k=
Amounts receivable within one year40/41€56k€72k▲
Trade receivables40€10k€24k▲
Other amounts receivable41€46k€48k▲
Cash at bank and in hand54/58€14k€9k▼
Deferred charges and accrued income490/1€2k-
Equity and liabilities
Total equity and liabilities10/49€86k€95k▲
Equity10/15€-47k€-57k▼
Contributions10/11€62k€62k=
Reserves13€6k€6k=
Non-distributable reserves130/1€6k€6k=
Reserves not available under the articles1311€6k€6k=
Profit (loss) carried forward14€-116k€-125k▼
Amounts payable17/49€133k€151k▲
Amounts payable within one year42/48€133k€151k▲
Trade debts44€7k€26k▲
Suppliers440/4€7k€26k▲
Taxes, remuneration and social security45€57k€64k▲
Taxes450/3€51k€48k▼
Remuneration and social security454/9€6k€15k▲
Other amounts payable47/48€70k€62k▼
Accrued charges and deferred income492/3€0€295▲
Income statement
Code20232024
Remuneration, social security and pensions62€65k€39k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€536€594▲
Other operating charges640/8€365€150▼
Gross operating margin9900€90k€33k▼
Operating profit (loss)9901€24k€-7k▼
Financial income75/76B€25k-
Recurring financial income75€13-
Non-recurring financial income76B€25k-
Financial charges65/66B€3k€2k▼
Recurring financial charges65€3k€2k▼
Profit (loss) for the period before taxes9903€46k€-9k▼
Profit (loss) for the period9904€46k€-9k▼
Profit (loss) for the period to be appropriated9905€46k€-9k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-116k€-125k▼
Profit (loss) brought forward from the previous period14P€-162k€-116k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
06-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 6 days late
2024
26-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €46k
Net result €46k after 5 loss-making years.
30-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
27-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Weakest financial yearnet €-113k
Net result drops to €-113k, the lowest in the series; recovery starts the following year.
30-11
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 122 days late
2019
15-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 15 days late
2018
16-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 16 days late
2017
06-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 6 days late
2016
24-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 24 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Grâce-Hollogne · 1 establishment unit since 2000
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.
Rue du Travail 12/14460 Grâce-HollogneGround area
2,625 m²
Building footprint
1,029 m²
Volume, LiDAR
7,448 m³
Parcel 62046A0024/00K002, Wallonia · tallest building 8.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
FROMAGERIE CO & PA
since 20002.096.795.748
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62046A0024/00K002 | Wallonia | 2,625 m² | 1 · 1,029 m² | 8.1 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.
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Of 271 companies in sector 10510 we hold annual accounts for 121. 64 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded15-06-2000
Fiscal year end31-12
Activities, NACEBEL
10510Manufacture of food products
Sources
Crossroads Bank for EnterprisesNational Bank · 25 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.