COFIDEL
ActiveSummary
COFIDEL has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €93k and a net result of €32k. Equity is growing by ~24.6% per year across the filed fiscal years. Its solvency ranks better than 76% of 15367 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability100▲+3
Solvency100▲+12
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days acceptable
Liquidity ample (current ratio 4.93 against 2.69 in 2023; short-term debt: 20.2% and cash: 10% of total assets), and 20.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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 69
Relative position
BE, all sectors
reference
Legal and accounting activities (NACE 69)
about 77% 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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 06-07-2025, 25 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
25 d early
2023
21 d late
2022
17 d late
2021
21 d late
2020
61 d late
2019
60 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€93k▲ 52.3%
2023 · €61k
2018: €22klowest in 7 years
2019: €25k▲ +12.4% vs 2018
2020: €26k▲ +4.9% vs 2019
2021: €34k▲ +27.6% vs 2020
2022: €39k▲ +15.4% vs 2021
2023: €61k▲ +56.1% vs 2022
2024: €93k▲ +52.3% vs 2023highest in 7 years
2018 → 2024
Total assets
€116k▲ 20.9%
2023 · €96k
2018: €62klowest in 7 years
2019: €64k▲ +2.8% vs 2018
2020: €68k▲ +6.3% vs 2019
2021: €70k▲ +3.1% vs 2020
2022: €82k▲ +17.7% vs 2021
2023: €96k▲ +16.8% vs 2022
2024: €116k▲ +20.9% vs 2023highest in 7 years
2018 → 2024
Net result
€32k▲ 45.4%
2023 · €22k
2018: €5k
2019: €3k▼ -43.8% vs 2018
2020: €1k▼ -55.7% vs 2019lowest in 7 years
2021: €7k▲ +494% vs 2020
2022: €5k▼ -28.9% vs 2021
2023: €22k▲ +321% vs 2022
2024: €32k▲ +45.4% vs 2023highest in 7 years
2018 → 2024
Working capital
€92k▲ 54.9%
2023 · €59k
2018: €8klowest in 7 years
2019: €17k▲ +104% vs 2018
2020: €24k▲ +40.9% vs 2019
2021: €30k▲ +28.9% vs 2020
2022: €37k▲ +21.9% vs 2021
2023: €59k▲ +60.9% vs 2022
2024: €92k▲ +54.9% vs 2023highest in 7 years
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€26k-€34k▲ 27.6%€39k▲ 15.4%€61k▲ 56.1%€93k▲ 52.3%
2020: €26klowest in 5 years
2021: €34k▲ +27.6% vs 2020
2022: €39k▲ +15.4% vs 2021
2023: €61k▲ +56.1% vs 2022
2024: €93k▲ +52.3% vs 2023highest in 5 years
Operating result€4k-€11k▲ 209%€8k▼ 25.9%€31k▲ 273%€45k▲ 44.5%
2020: €4klowest in 5 years
2021: €11k▲ +209% vs 2020
2022: €8k▼ -25.9% vs 2021
2023: €31k▲ +273% vs 2022
2024: €45k▲ +44.5% vs 2023highest in 5 years
Net result€1k-€7k▲ 494%€5k▼ 28.9%€22k▲ 321%€32k▲ 45.4%
2020: €1klowest in 5 years
2021: €7k▲ +494% vs 2020
2022: €5k▼ -28.9% vs 2021
2023: €22k▲ +321% vs 2022
2024: €32k▲ +45.4% vs 2023highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 45% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €116k
Fixed assets
€523 ▼ 62.0%
Current assets
€115k ▲ 22.1%
Equity and liabilities €116k
Equity
€93k ▲ 52.3%
Debt
€23k ▼ 33.3%
Debt's share of the balance-sheet total falls from 36.6% to 20.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€46k▲
2023 · €33k
Cash flow
€33k▲
2023 · €23k
Current ratio
4.93▲
2023 · 2.69
Debt to equity
0.25▼
2023 · 0.58
ROE
34.3%▼
2023 · 36.0%
ROA
27.4%▲
2023 · 22.8%
Interest coverage
737.04▼
2023 · 798.74
Debt ≤ 1 year
€23k▼
2023 · €35k
Income taxes
€13k▲
2023 · €9k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 41 lines
Balance sheet
Code20232024
Assets
Total assets20/58€96k€116k▲
Fixed assets21/28€1k€523▼
Intangible fixed assets21€116€16▼
Tangible fixed assets22/27€1k€508▼
Furniture and vehicles24€1k€508▼
Current assets29/58€95k€115k▲
Amounts receivable within one year40/41€47k€49k▲
Trade receivables40€47k€49k▲
Current investments50/53€20k€50k▲
Cash at bank and in hand54/58€23k€12k▼
Deferred charges and accrued income490/1€5k€5k▼
Equity and liabilities
Total equity and liabilities10/49€96k€116k▲
Equity10/15€61k€93k▲
Contributions10/11€10k€10k=
Reserves13€51k€82k▲
Distributable reserves133€51k€82k▲
Amounts payable17/49€35k€23k▼
Amounts payable within one year42/48€35k€23k▼
Trade debts44€6k€5k▼
Suppliers440/4€6k€5k▼
Taxes, remuneration and social security45€19k€13k▼
Taxes450/3€19k€13k▼
Other amounts payable47/48€10k€6k▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€855▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€2k€-2k▼
Other operating charges640/8€2k€1k▼
Gross operating margin9900€37k€45k▲
Operating profit (loss)9901€31k€45k▲
Financial income75/76B-€73
Recurring financial income75-€73
Financial charges65/66B€41€62▲
Recurring financial charges65€41€62▲
Profit (loss) for the period before taxes9903€31k€45k▲
Income taxes67/77€9k€13k▲
Profit (loss) for the period9904€22k€32k▲
Profit (loss) for the period to be appropriated9905€22k€32k▲
Appropriation of the result
Profit (loss) to be appropriated9906€22k€32k▲
Transfer from equity791/2€980-
Transfer to equity691/2€23k€32k▲
To contributions691€980-
To other reserves6921€22k€32k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €2k | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6k | €1k | €1k | €2k | €855 | ▼ 44.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €2k | €-2k | ▼ 200% |
| Other operating charges640/8 | - | €1k | €1k | €2k | €1k | ▼ 50.2% |
| Gross operating margin9900 | €12k | €16k | €11k | €37k | €45k | ▲ 22.0% |
| Operating profit (loss)9901 | €4k | €11k | €8k | €31k | €45k | ▲ 44.5% |
| Financial income75/76B | - | - | - | - | €73 | - |
| Recurring financial income75 | - | - | - | - | €73 | - |
| Financial charges65/66B | - | €490 | €269 | €41 | €62 | ▲ 52.1% |
| Recurring financial charges65 | €772 | €490 | €269 | €41 | €62 | ▲ 52.1% |
| Profit (loss) for the period before taxes9903 | €3k | €11k | €8k | €31k | €45k | ▲ 44.7% |
| Income taxes67/77 | €2k | €3k | €3k | €9k | €13k | ▲ 43.2% |
| Profit (loss) for the period9904 | €1k | €7k | €5k | €22k | €32k | ▲ 45.4% |
| Profit (loss) for the period to be appropriated9905 | €1k | €7k | €5k | €22k | €32k | ▲ 45.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €68k | €70k | €82k | €96k | €116k | ▲ 20.9% |
| Fixed assets21/28 | €3k | €3k | €2k | €1k | €523 | ▼ 62.0% |
| Intangible fixed assets21 | €1k | €816 | €466 | €116 | €16 | ▼ 86.5% |
| Tangible fixed assets22/27 | €2k | €3k | €2k | €1k | €508 | ▼ 59.8% |
| Furniture and vehicles24 | - | €3k | €2k | €1k | €508 | ▼ 59.8% |
| Current assets29/58 | €65k | €66k | €80k | €95k | €115k | ▲ 22.1% |
| Amounts receivable within one year40/41 | €32k | €60k | €52k | €47k | €49k | ▲ 4.6% |
| Trade receivables40 | - | €60k | €52k | €47k | €49k | ▲ 4.6% |
| Other amounts receivable41 | - | €356 | - | - | - | - |
| Current investments50/53 | €81 | €81 | €81 | €20k | €50k | ▲ 150% |
| Cash at bank and in hand54/58 | €29k | €2k | €24k | €23k | €12k | ▼ 48.4% |
| Deferred charges and accrued income490/1 | - | €4k | €4k | €5k | €5k | ▼ 8.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €68k | €70k | €82k | €96k | €116k | ▲ 20.9% |
| Equity10/15 | €26k | €34k | €39k | €61k | €93k | ▲ 52.3% |
| Contributions10/11 | - | €9k | €9k | €10k | €10k | = |
| Reserves13 | €17k | €24k | €30k | €51k | €82k | ▲ 62.9% |
| Non-distributable reserves130/1 | - | €980 | €980 | - | - | - |
| Reserves not available under the articles1311 | - | €980 | €980 | - | - | - |
| Distributable reserves133 | - | €23k | €29k | €51k | €82k | ▲ 62.9% |
| Amounts payable17/49 | €41k | €36k | €43k | €35k | €23k | ▼ 33.3% |
| Amounts payable within one year42/48 | €41k | €36k | €43k | €35k | €23k | ▼ 33.3% |
| Trade debts44 | €4k | €5k | €5k | €6k | €5k | ▼ 20.0% |
| Suppliers440/4 | - | €5k | €5k | €6k | €5k | ▼ 20.0% |
| Taxes, remuneration and social security45 | - | €18k | €18k | €19k | €13k | ▼ 33.6% |
| Taxes450/3 | - | €18k | €18k | €19k | €13k | ▼ 33.6% |
| Other amounts payable47/48 | - | €14k | €20k | €10k | €6k | ▼ 40.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1k | €7k | €5k | €22k | €32k | ▲ 45.4% |
| + Depreciation and write-downs630 | €6k | €1k | €1k | €2k | €855 | ▼ 44.1% |
| Operating cash flow (approximation) | €7k | €9k | €7k | €23k | €33k | ▲ 39.5% |
| Investment in fixed assets (approximation) | - | €-2k | €0 | €-908 | €0 | ▲ 100% |
| Change in cash | - | €-27k | €22k | €-1k | €-11k | ▼ 750% |
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
2025
06-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €32k ▲45.4%
Operating result €45k, net result €32k, both a record.
21-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 21 days late
2023
17-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 17 days late
2022
21-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 21 days late
2021
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 61 days late
2020
31-12
Financial
Weakest financial yearnet €1k ▼55.7%
Net result drops to €1k, the lowest in the series; recovery starts the following year.
29-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 60 days late
2019
17-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 17 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
13-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 13 days late
2016
23-09
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 54 days late
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, Beauvechain · 1 establishment unit since 2011
Ground area
1,190 m²
Building footprint
82 m²
Parcel 25073A0034/00H000, Wallonia. Linked by address, not a title deed.
1 establishment unit
Rue Valise, Nodebais 2, 1320 Beauvechain
since 20112.195.081.294
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25073A0034/00H000 | Wallonia | 1,190 m² | 1 · 82 m² | - |
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 12,173 companies in sector 69201 we hold annual accounts for 7,638. 6,455 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
Founded29-12-2010
Fiscal year end31-12
Activities, NACEBEL 2025
69201Certified accountants and tax accountants
Scores and ratios are computed by Checked and are not a credit decision.