COFIDEC
ActiveSummary
COFIDEC has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €4.6m and a net result of -€335,468. Equity remains stable across the filed fiscal years (±1.5% per year). Its solvency ranks better than 58% of 3200 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability58▼-22
Solvency87▼-13
Growth50=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10,000 at 30 days acceptable
Liquidity short (current ratio 0.68 against 3.85 in 2024; short-term debt: 29.3% and cash: 0.6% of total assets), and 37.9% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
62.1%
Return on assets
-4.5%
Age of the figures
9 mo
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 10-07-2026, 21 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
21 d early
2024
24 d early
2023
19 d early
2022
13 d early
2021
18 d early
2020
4 d early
2019
21 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
In the rankings
#8 company by equity in Schaarbeek, Professional and technical services sector#9 company by total assets in Schaarbeek, Professional and technical services sector
Turnover
€109,829▲ 3.2%
2024 · €106,380
EBIT margin
98.7%▼ 23.4pp
2024 · 122.0%
Net result
-€335,468
2024 · €76,220
Working capital
-€698,141
2024 · €652,803
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€90,240▲ 0.4%€94,932▲ 5.2%€102,252▲ 7.7%€106,380▲ 4.0%€109,829▲ 3.2%
Operating result€76,721▼ 29.1%€100,487▲ 31.0%€125,943▲ 25.3%€129,828▲ 3.1%€108,359▼ 16.5%
Net result€70,956▲ 24.3%€80,466▲ 13.4%€73,056▼ 9.2%€76,220▲ 4.3%-€335,468
EBIT margin85.0%▼ 35.3pp105.9%▲ 20.8pp123.2%▲ 17.3pp122.0%▼ 1.1pp98.7%▼ 23.4pp
Equity€4.8m▲ 1.5%€4.9m▲ 1.7%€4.9m▲ 1.5%€5.0m▲ 1.0%€4.6m▼ 6.7%
Total assets€6.1m▼ 1.8%€6.0m▼ 1.3%€6.1m▲ 0.7%€6.0m▼ 1.0%€7.5m▲ 24.3%
Debt€1.3m▼ 12.1%€1.2m▼ 11.8%€1.1m▼ 2.5%€1.0m▼ 9.6%€2.8m▲ 173%
Working capital€746,332▲ 2.4%€765,971▲ 2.6%€697,749▼ 8.9%€652,803▼ 6.4%-€698,141
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 17% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €7.5m
Fixed assets
€6.0m ▲ 16.5%
Current assets
€1.5m ▲ 69.3%
Equity and liabilities €7.5m
Equity
€4.6m ▼ 6.7%
Debt
€2.8m ▲ 173%
Debt's share of the balance-sheet total rises from 17.3% to 37.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€224,430▼
2024 · €246,074
Cash flow
-€219,398▼
2024 · €192,466
Current ratio
0.68▼
2024 · 3.85
Debt to equity
0.61▲
2024 · 0.21
ROE
-7.2%▼
2024 · 1.5%
ROA
-4.5%▼
2024 · 1.3%
Interest coverage
2.94▼
2024 · 8.85
Debt ≤ 1 year
€2.2m▲
2024 · €229,060
Debt > 1 year
€627,875▼
2024 · €807,094
Income taxes
€8,011▼
2024 · €25,980
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | €254,973 | €259,791 | €286,449 | €300,819 | €317,090 | ▲ 5.4% |
| Turnover70 | €90,240 | €94,932 | €102,252 | €106,380 | €109,829 | ▲ 3.2% |
| Other operating income74 | €164,733 | €164,859 | €184,197 | €194,439 | €207,260 | ▲ 6.6% |
| Operating charges60/66A | €178,252 | €159,304 | €160,506 | €170,991 | €208,730 | ▲ 22.1% |
| Services and other goods61 | €29,740 | €30,232 | €18,683 | €24,431 | €61,540 | ▲ 152% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €105,247 | €104,003 | €113,302 | €116,246 | €116,071 | ▼ 0.2% |
| Other operating charges640/8 | €43,264 | €25,069 | €28,521 | €30,314 | €31,120 | ▲ 2.7% |
| Operating profit (loss)9901 | €76,721 | €100,487 | €125,943 | €129,828 | €108,359 | ▼ 16.5% |
| Financial income75/76B | €79,238 | €34,877 | €2,455 | €188 | €300,500 | ▲ 159,825% |
| Recurring financial income75 | €79,238 | €34,877 | €2,455 | €188 | €300,500 | ▲ 159,825% |
| Income from financial fixed assets750 | €35,000 | €24,000 | - | - | €300,500 | - |
| Income from current assets751 | €44,185 | €10,859 | €2,455 | €188 | - | - |
| Other financial income752/9 | €54 | €18 | - | - | - | - |
| Financial charges65/66B | €71,652 | €35,936 | €28,816 | €27,816 | €736,317 | ▲ 2,547% |
| Recurring financial charges65 | €71,652 | €35,936 | €28,816 | €27,816 | €76,317 | ▲ 174% |
| Debt charges650 | €28,943 | €25,830 | €25,460 | €27,816 | €76,317 | ▲ 174% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651 | €41,000 | €7,535 | -€48,535 | - | - | - |
| Other financial charges652/9 | €1,709 | €2,572 | €51,891 | - | - | - |
| Non-recurring financial charges66B | - | - | - | - | €660,000 | - |
| Profit (loss) for the period before taxes9903 | €84,307 | €99,428 | €99,582 | €102,200 | -€327,458 | ▼ 420% |
| Income taxes67/77 | €13,351 | €18,962 | €26,526 | €25,980 | €8,011 | ▼ 69.2% |
| Taxes670/3 | €13,351 | €18,962 | €26,526 | €25,980 | €8,011 | ▼ 69.2% |
| Profit (loss) for the period9904 | €70,956 | €80,466 | €73,056 | €76,220 | -€335,468 | ▼ 540% |
| Profit (loss) for the period to be appropriated9905 | €70,956 | €80,466 | €73,056 | €76,220 | -€335,468 | ▼ 540% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €6.1m | €6.0m | €6.1m | €6.0m | €7.5m | ▲ 24.3% |
| Fixed assets21/28 | €5.2m | €5.1m | €5.2m | €5.1m | €6.0m | ▲ 16.5% |
| Tangible fixed assets22/27 | €2.4m | €2.3m | €2.4m | €2.4m | €2.3m | ▼ 4.5% |
| Land and buildings22 | €2.4m | €2.3m | €2.4m | €2.4m | €2.3m | ▼ 4.9% |
| Plant, machinery and equipment23 | - | - | - | - | €7,684 | - |
| Financial fixed assets28 | €2.7m | €2.7m | €2.7m | €2.7m | €3.7m | ▲ 34.9% |
| Affiliated companies280/1 | €2.3m | €2.3m | €2.3m | €2.3m | €3.7m | ▲ 58.2% |
| Participating interests280 | €2.3m | €2.3m | €2.3m | €2.3m | €3.7m | ▲ 58.2% |
| Companies linked by participating interests282/3 | €421,417 | €421,417 | €421,417 | €421,417 | €26,792 | ▼ 93.6% |
| Participating interests282 | €421,417 | €421,417 | €421,417 | €421,417 | €26,792 | ▼ 93.6% |
| Current assets29/58 | €916,251 | €943,790 | €901,226 | €881,864 | €1.5m | ▲ 69.3% |
| Amounts receivable within one year40/41 | €565,258 | €641,398 | €790,046 | €829,411 | €1.4m | ▲ 73.5% |
| Trade receivables40 | €4,286 | €7,927 | €25,074 | €10,738 | - | - |
| Other amounts receivable41 | €560,971 | €633,471 | €764,971 | €818,672 | €1.4m | ▲ 75.7% |
| Current investments50/53 | €9,000 | €1,465 | - | - | - | - |
| Other investments51/53 | €9,000 | €1,465 | - | - | - | - |
| Cash at bank and in hand54/58 | €337,064 | €272,755 | €69,687 | €37,197 | €47,986 | ▲ 29.0% |
| Deferred charges and accrued income490/1 | €4,929 | €28,171 | €41,493 | €15,256 | €6,694 | ▼ 56.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €6.1m | €6.0m | €6.1m | €6.0m | €7.5m | ▲ 24.3% |
| Equity10/15 | €4.8m | €4.9m | €4.9m | €5.0m | €4.6m | ▼ 6.7% |
| Contributions10/11 | €2.2m | €2.2m | €2.2m | €2.2m | €2.2m | = |
| Capital10 | €2.2m | €2.2m | €2.2m | €2.2m | €2.2m | = |
| Issued capital100 | €2.2m | €2.2m | €2.2m | €2.2m | €2.2m | = |
| Reserves13 | €2.6m | €2.7m | €2.7m | €2.8m | €2.4m | ▼ 12.1% |
| Non-distributable reserves130/1 | €219,503 | €219,503 | €219,503 | €219,503 | €219,503 | = |
| Legal reserve130 | €219,503 | €219,503 | €219,503 | €219,503 | €219,503 | = |
| Distributable reserves133 | €2.4m | €2.4m | €2.5m | €2.6m | €2.2m | ▼ 13.1% |
| Investment grants15 | €18 | - | - | - | - | - |
| Amounts payable17/49 | €1.3m | €1.2m | €1.1m | €1.0m | €2.8m | ▲ 173% |
| Amounts payable after more than one year17 | €1.2m | €998,642 | €943,355 | €807,094 | €627,875 | ▼ 22.2% |
| Financial debts170/4 | €1.2m | €998,642 | €943,355 | €807,094 | €627,875 | ▼ 22.2% |
| Credit institutions173 | €1.2m | €998,642 | €943,355 | €807,094 | €627,875 | ▼ 22.2% |
| Amounts payable within one year42/48 | €169,918 | €177,819 | €203,477 | €229,060 | €2.2m | ▲ 857% |
| Current portion of amounts payable after more than one year42 | €160,188 | €163,630 | €169,813 | €175,038 | €179,219 | ▲ 2.4% |
| Financial debts43 | - | - | - | - | €1.4m | - |
| Credit institutions430/8 | - | - | - | - | €1.4m | - |
| Trade debts44 | €2,325 | €829 | €1,209 | €253 | €35,783 | ▲ 14,072% |
| Suppliers440/4 | €2,325 | €829 | €1,209 | €253 | €35,783 | ▲ 14,072% |
| Taxes, remuneration and social security45 | €7,405 | €13,359 | €32,456 | €28,770 | €16,558 | ▼ 42.4% |
| Taxes450/3 | €7,405 | €13,359 | €32,456 | €28,770 | €16,558 | ▼ 42.4% |
| Other amounts payable47/48 | - | - | - | €25,000 | €583,463 | ▲ 2,234% |
| Accrued charges and deferred income492/3 | €3,083 | €1,900 | €2,019 | €2,168 | €12,903 | ▲ 495% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €70,956 | €80,466 | €73,056 | €76,220 | -€335,468 | ▼ 540% |
| + Depreciation and write-downs630 | €105,247 | €104,003 | €113,302 | €116,246 | €116,071 | ▼ 0.2% |
| Operating cash flow (approximation) | €176,203 | €184,470 | €186,358 | €192,466 | -€219,398 | ▼ 214% |
| Investment in fixed assets (approximation) | - | €0 | -€199,412 | -€76,299 | -€963,063 | ▼ 1,162% |
| Change in cash | - | -€64,310 | -€203,068 | -€32,490 | €10,789 | ▲ 133% |
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
10-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Weakest financial yearnet -€335,468
Net result drops to -€335,468, the lowest in the series.
07-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
12-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
18-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
13-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
27-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
10-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Highest result since 2018net €889,965 ▲42.3%
Operating result €946,937, net result €889,965, both a record.
19-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
16-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
14-06
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 7 acts read
About the unread acts
We know of 7 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
7 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, Schaarbeek · 1 establishment unit since 1988
Ground area
938 m²
Building footprint
196 m²
Volume, LiDAR
1,229 m³
Parcel 21905C0150/00B009, Brussels · tallest building 12.4 m, ±2 floors. Linked by address, not a title deed.
19
companies at this address
See who is registered here
1 establishment unit
Roodebeeklaan 24, 1030 Schaarbeek
since 19882.040.337.392
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21905C0150/00B009 | Brussels | 938 m² | 1 · 195 m² | 12.4 m · 2 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.
Recognitions · licences · registrations
Legal Entity Identifier
967600H6VUF8UAU8WO56
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Of 82,632 companies in sector 70200 we hold annual accounts for 52,587. 11,867 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded05-04-1988
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.