COFCOM
InactiveOverview
Activity
Activity not known
Size
€220,842total assets 2022
- Staff
- 3 FTE
- Equity
- €41,332
- Profit
- €19,224
Turnover not published (micro format)
Financial health
Inactive: no score
Structure
- Parent
- STYLE COFFEE · 100%
1 of 6 deeds read
Signalsraises riskTwo or more financial years not filedneutralLatest accounts filed on timeShow the evidence
Signals
Two signals.
raises riskneutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2023, 3 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2023 year end31-07-2024 deadline22-10-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 31-05-2023, 61 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
not filed
2022
61 days early
2021
58 days early
2020
39 days early
2019
45 days early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 4 accounts on average 51 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (1)
- Restructuring · End & cessationMerger · Accounting effect ·…
- Annual accounts filedfinancial year 2022 · micro…
- Back to profitnet €19,224
Financials · financial year 2022, micro format
Equity
€41,332▲ 87.0%
2021 · €22,108
Total assets
€220,842▲ 3.7%
2021 · €212,920
Net result
€19,224
2021 · -€16,010
Working capital
€6,171
2021 · -€15,397
Trend over the years
2018 to 2022, 5 financial years 2018 to 2022, 5 financial years
The operating result returns to profit in 2022: €23,715 after a loss of €15,588 in 2021.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€23,715
2022
Net result€19,224
2022
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€220,842
2022
Equity€41,332
2022
Debt€179,510
2022
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€6,171
2022
Average staff in full-time equivalents (FTE).
Staff (FTE)3
2022
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022
Operating result€908-€62,785▲ 6,813%€2,195▼ 96.5%-€15,588€23,715
Net result-€3,546-€37,636€1,277▼ 96.6%-€16,010€19,224
Equity-€796-€36,840€38,117▲ 3.5%€22,108▼ 42.0%€41,332▲ 87.0%
Total assets€261,116-€218,841▼ 16.2%€122,013▼ 44.2%€212,920▲ 74.5%€220,842▲ 3.7%
Debt€261,912-€182,001▼ 30.5%€83,896▼ 53.9%€190,812▲ 127%€179,510▼ 5.9%
Working capital-€54,902-€9,419€26,441▲ 181%-€15,397€6,171
Staff (FTE)4.8-3▼ 37.5%2▼ 33.3%2.9▲ 45.0%3▲ 3.4%
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €220,842
Fixed assets
€40,958 ▼ 15.7%
Current assets
€179,885 ▲ 9.5%
Equity and liabilities €220,842
Equity
€41,332 ▲ 87.0%
Debt
€179,510 ▼ 5.9%
Debt's share of the balance-sheet total falls from 89.6% to 81.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€35,198▲
2021 · -€7,492
Cash flow
€30,707▲
2021 · -€7,914
Current ratio
1.04▲
2021 · 0.91
Quick ratio
0.29▼
2021 · 0.31
Debt to equity
4.34▼
2021 · 8.63
ROE
46.5%▲
2021 · -72.4%
ROA
8.7%▲
2021 · -7.5%
Interest coverage
over 100▲
2021 · -28.18
Debt ≤ 1 year
€173,714▼
2021 · €179,728
Debt > 1 year
€5,797▼
2021 · €11,084
Income taxes
€4,243▲
2021 · €195
Staff costs
€166,606▲
2021 · €88,073
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €794 | - | - |
| Remuneration, social security and pensions62 | - | - | - | €88,073 | €166,606 | ▲ 89.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €34,278 | €28,331 | €14,493 | €8,096 | €11,483 | ▲ 41.8% |
| Other operating charges640/8 | - | - | - | €4,514 | €1,667 | ▼ 63.1% |
| Non-recurring operating charges66A | - | - | - | €106 | €845 | ▲ 697% |
| Gross operating margin9900 | €295,739 | €273,154 | €89,725 | €85,200 | €204,317 | ▲ 140% |
| Operating profit (loss)9901 | €908 | €62,785 | €2,195 | -€15,588 | €23,715 | - |
| Financial income75/76B | - | - | - | €39 | €17 | ▼ 57.4% |
| Recurring financial income75 | €0 | €1,374 | €13 | €39 | €17 | ▼ 57.4% |
| Financial charges65/66B | - | - | - | €266 | €265 | ▼ 0.5% |
| Recurring financial charges65 | €883 | €468 | €273 | €266 | €265 | ▼ 0.5% |
| Profit (loss) for the period before taxes9903 | €25 | €63,691 | €1,935 | -€15,815 | €23,467 | - |
| Income taxes67/77 | €3,571 | €26,055 | €658 | €195 | €4,243 | ▲ 2,079% |
| Profit (loss) for the period9904 | -€3,546 | €37,636 | €1,277 | -€16,010 | €19,224 | - |
| Profit (loss) for the period to be appropriated9905 | -€3,546 | €37,524 | €1,277 | -€16,010 | €19,224 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €261,116 | €218,841 | €122,013 | €212,920 | €220,842 | ▲ 3.7% |
| Fixed assets21/28 | €66,324 | €27,421 | €11,676 | €48,589 | €40,958 | ▼ 15.7% |
| Tangible fixed assets22/27 | €66,324 | €27,421 | €11,676 | €48,589 | €40,958 | ▼ 15.7% |
| Plant, machinery and equipment23 | - | - | - | €11,201 | €11,625 | ▲ 3.8% |
| Furniture and vehicles24 | - | - | - | €37,387 | €29,333 | ▼ 21.5% |
| Current assets29/58 | €194,792 | €191,420 | €110,337 | €164,331 | €179,885 | ▲ 9.5% |
| Stocks and contracts in progress3 | €117,527 | €102,520 | €70,053 | €109,470 | €130,102 | ▲ 18.8% |
| Stocks30/36 | - | - | - | €109,470 | €130,102 | ▲ 18.8% |
| Amounts receivable within one year40/41 | €62,218 | €61,645 | €24,339 | €46,480 | €45,597 | ▼ 1.9% |
| Trade receivables40 | - | - | - | €30,852 | €44,504 | ▲ 44.2% |
| Other amounts receivable41 | - | - | - | €15,627 | €1,093 | ▼ 93.0% |
| Cash at bank and in hand54/58 | €15,046 | €21,680 | €12,780 | €5,415 | €729 | ▼ 86.5% |
| Deferred charges and accrued income490/1 | - | - | - | €2,967 | €3,456 | ▲ 16.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €261,116 | €218,841 | €122,013 | €212,920 | €220,842 | ▲ 3.7% |
| Equity10/15 | -€796 | €36,840 | €38,117 | €22,108 | €41,332 | ▲ 87.0% |
| Contributions10/11 | €35,600 | €35,600 | €35,600 | €35,600 | €35,600 | = |
| Capital10 | - | - | - | €35,600 | €35,600 | = |
| Issued capital100 | - | - | - | €35,600 | €35,600 | = |
| Reserves13 | €60,184 | €60,297 | €60,297 | €60,297 | €60,297 | = |
| Non-distributable reserves130/1 | - | - | - | €8,060 | €8,060 | = |
| Legal reserve130 | - | - | - | €8,060 | €8,060 | = |
| Tax-exempt reserves132 | - | - | - | €8,297 | €8,297 | = |
| Distributable reserves133 | - | - | - | €43,940 | €43,940 | = |
| Profit (loss) carried forward14 | -€96,580 | -€59,057 | -€57,779 | -€73,789 | -€54,565 | ▲ 26.1% |
| Amounts payable17/49 | €261,912 | €182,001 | €83,896 | €190,812 | €179,510 | ▼ 5.9% |
| Amounts payable after more than one year17 | €12,218 | - | - | €11,084 | €5,797 | ▼ 47.7% |
| Financial debts170/4 | - | - | - | €11,084 | €5,797 | ▼ 47.7% |
| Amounts payable within one year42/48 | €249,694 | €182,001 | €83,896 | €179,728 | €173,714 | ▼ 3.3% |
| Current portion of amounts payable after more than one year42 | - | - | - | €5,612 | €5,287 | ▼ 5.8% |
| Trade debts44 | €104,840 | €97,835 | €58,715 | €168,272 | €84,256 | ▼ 49.9% |
| Suppliers440/4 | - | - | - | €168,272 | €84,256 | ▼ 49.9% |
| Taxes, remuneration and social security45 | - | - | - | €5,844 | €19,803 | ▲ 239% |
| Taxes450/3 | - | - | - | €853 | €3,757 | ▲ 341% |
| Remuneration and social security454/9 | - | - | - | €4,991 | €16,046 | ▲ 221% |
| Other amounts payable47/48 | - | - | - | - | €64,367 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€3,546 | €37,636 | €1,277 | -€16,010 | €19,224 | - |
| + Depreciation and write-downs630 | €34,278 | €28,331 | €14,493 | €8,096 | €11,483 | ▲ 41.8% |
| Operating cash flow (approximation) | €30,732 | €65,967 | €15,770 | -€7,914 | €30,707 | - |
| Investment in fixed assets (approximation) | - | €10,572 | €1,252 | -€45,009 | -€3,852 | ▲ 91.4% |
| Change in cash | - | €6,634 | -€8,899 | -€7,366 | -€4,685 | ▲ 36.4% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 33 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2022 | micro format | 31-05-2023 | 2023-00102571 |
| 31-12-2021 | micro format | 03-06-2022 | 2022-20051807 |
| 31-12-2020 | micro format | 22-06-2021 | 2021-23100200 |
| 31-12-2019 | micro format | 16-06-2020 | 2020-17500534 |
| 31-12-2018 | micro format | 24-06-2019 | 2019-22500263 |
| 31-12-2017 | micro format | 22-08-2018 | 2018-48400564 |
| 31-12-2016 | abbreviated format | 24-05-2017 | 2017-13500503 |
| 31-12-2015 | abbreviated format | 02-06-2016 | 2016-15200222 |
| 31-12-2014 | abbreviated format | 01-06-2015 | 2015-14600103 |
| 31-12-2013 | abbreviated format | 10-06-2014 | 2014-16600557 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Directors
No directors read yet: 1 of 6 Gazette acts processed. See the directors and other office holders in the KBO →
Owners and capital
Owners
2 ownersChain of control
- STYLE COFFEE
- COFCOM
Highest known parent: STYLE COFFEE. The sources do not say who stands above it.
Owners 2
-
100%
- Fredy Heyvaertnatural personSourceown accounts 2017100%
Sources: the companies' annual accounts, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Group and network
Connections & network
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Acquisitions and mergers
1 transactionTaken over by:STYLE COFFEE
Acts, filings and financial milestones
2024
26-01
Gazette deed
Restructuring · End & cessationMerger · Accounting effect · Shareholding9 facts ▸
Gazette deed
Restructuring · End & cessation
Merger · Accounting effect · Shareholding9 facts ▸
- General meeting, 18-10-2023
- Merger, “fusie door overneming, artikel 12:7 Wetboek van vennootschappen en verenigingen” (deed in Dutch)
- Other provision, “formaliteiten fusie, enige aandeelhouder” (deed in Dutch)
- Other provision, “verzaking tussentijdse cijfers, tussentijdse cijfers niet meer dan 3 maanden voor datum fusievoorstel” (deed in Dutch)
- Merger, “goedkeuring fusievoorstel, ontbinding zonder vereffening en fusie door overneming” (deed in Dutch)
- Accounting effect, 01-01-2023
- Shareholding, “artikel 12:57 Wetboek van vennootschappen en verenigingen” (deed in Dutch)
- Other provision, “geen toekenning aandelen, alle aandelen opgeslorpte vennootschap behoren aan overnemende vennootschap” (deed in Dutch)
- Other provision, “fiscale verklaringen fusie, artikelen 117 en 120 Wetboek van Registratierechten-artikelen 2.9.1.0.3-2.10.1.0.3 en 2.11.1.0.2 Vlaamse Codex Fiscaliteit-artikel 2…” (deed in Dutch)
2023
31-05
NBB filing
Annual accounts filed
financial year 2022 · micro format
2022
31-12
Financial
Back to profitnet €19,224
Net result €19,224 after one loss-making year.
03-06
NBB filing
Annual accounts filed
financial year 2021 · micro format
2021
31-12
Financial
Weakest financial yearnet -€16,010
Net result drops to -€16,010, the lowest in the series.
22-06
NBB filing
Annual accounts filed
financial year 2020 · micro format
2020
16-06
NBB filing
Annual accounts filed
financial year 2019 · micro format
2019
31-12
Financial
Back to profitnet €37,636
Net result €37,636 after one loss-making year.
24-06
NBB filing
Annual accounts filed
financial year 2018 · micro format
2018
22-08
NBB filing
Annual accounts filed
financial year 2017 · micro format · 22 days late
2017
24-05
NBB filing
Annual accounts filed
financial year 2016 · abbreviated format
2016
02-06
NBB filing
Annual accounts filed
financial year 2015 · abbreviated format
2015
01-06
NBB filing
Annual accounts filed
financial year 2014 · abbreviated format
2014
10-06
NBB filing
Annual accounts filed
financial year 2013 · abbreviated format
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.Of the 33 annual accounts filed, the latest 10 are here; all 33 are under Financials.
1 of 6 deeds read
About the unread acts
Of the 6 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 5 have not been read yet: what they contain is neither established nor disproved here.
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Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.