Summary
COFIDIS is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €858.7m and a net result of €28.3m. Equity remains stable across the filed fiscal years (±2.4% per year). Its solvency ranks better than 42% of 2413 sector peers (fiscal year 2025). The company has been active since 1967 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
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 01-06-2026, 60 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
60 d early
2024
44 d early
2023
48 d early
2022
54 d early
2021
51 d early
2020
53 d early
2019
32 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 49 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
In the rankings
#1 employer in Hainaut, Finance and insurance sector#1 company by total assets in Tournai#1 company by equity in Tournai
Equity
€858.7m▲ 3.4%
2024 · €830.4m
Net result
€28.3m▼ 2.6%
2024 · €29.1m
Total assets
€1.66bn▲ 8.2%
2024 · €1.54bn
Solvency
51.7%▼ 2.4pp
2024 · 54.1%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€25.5m▼ 1.8%€26.4m▲ 3.2%€29.5m▲ 12.1%€32.1m▲ 8.6%€35.5m▲ 10.7%
Operating result-€56.0m▲ 3.1%-€64.8m▼ 15.7%-€66.3m▼ 2.2%-€79.2m▼ 19.4%-€95.7m▼ 20.8%
Net result€14.7mabove the sector's middle half▲ 43.3%€15.2mabove the sector's middle half▲ 2.8%€24.3mabove the sector's middle half▲ 60.6%€29.1mabove the sector's middle half▲ 19.5%€28.3mabove the sector's middle half▼ 2.6%
Equity€761.8mabove the sector's middle half▲ 2.0%€777.0mabove the sector's middle half▲ 2.0%€801.3mabove the sector's middle half▲ 3.1%€830.4mabove the sector's middle half▲ 3.6%€858.7mabove the sector's middle half▲ 3.4%
Total assets€995.3mabove the sector's middle half▲ 8.5%€1.16bnabove the sector's middle half▲ 16.4%€1.33bnabove the sector's middle half▲ 15.1%€1.54bnabove the sector's middle half▲ 15.2%€1.66bnabove the sector's middle half▲ 8.2%
Debt€230.7m▲ 37.9%€379.4m▲ 64.4%€530.8m▲ 39.9%€704.0m▲ 32.6%€802.5m▲ 14.0%
Working capital€875.1m▲ 5.9%€1.04bn▲ 19.1%€1.11bn▲ 6.6%€1.26bn▲ 13.2%€1.26bn▼ 0.1%
Solvency76.5%within the sector's middle half▼ 4.9pp67.1%within the sector's middle half▼ 9.5pp60.1%within the sector's middle half▼ 7.0pp54.1%within the sector's middle half▼ 6.0pp51.7%within the sector's middle half▼ 2.4pp
Staff (FTE)375.1above the sector's middle half▲ 2.3%388.8above the sector's middle half▲ 3.7%395.2above the sector's middle half▲ 1.6%400.1above the sector's middle half▲ 1.2%433.4above the sector's middle half▲ 8.3%
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €95.7m in 2025 against €79.2m in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.66bn
Fixed assets
€12.7m ▼ 2.6%
Current assets
€1.65bn ▲ 8.3%
Equity and liabilities €1.66bn
Equity
€858.7m ▲ 3.4%
Provisions
€1.3m ▼ 18.9%
Debt
€802.5m ▲ 14.0%
Debt's share of the balance-sheet total rises from 45.8% to 48.3%. Equity and debt are higher.
Key figures and ratios
ROE
3.3%▼
2024 · 3.5%
ROA
1.7%▼
2024 · 1.9%
Debt ≤ 1 year
€394.3m▲
2024 · €265.6m
Debt > 1 year
€403.1m▼
2024 · €433.2m
Income taxes
€10.4m▲
2024 · €9.6m
Staff costs
€36.1m▲
2024 · €32.6m
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 | €30.7m | €32.8m | €38.8m | €43.2m | €49.5m | ▲ 14.5% |
| Turnover70 | €25.5m | €26.4m | €29.5m | €32.1m | €35.5m | ▲ 10.7% |
| Other operating income74 | €5.2m | €6.4m | €9.2m | €11.1m | €14.0m | ▲ 25.3% |
| Operating charges60/66A | €86.7m | €97.6m | €105.1m | €122.4m | €145.2m | ▲ 18.6% |
| Services and other goods61 | €37.9m | €41.4m | €42.8m | €49.2m | €53.1m | ▲ 8.0% |
| Remuneration, social security and pensions62 | €27.8m | €29.6m | €33.0m | €32.6m | €36.1m | ▲ 10.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €839,206 | €832,194 | €841,017 | €834,276 | €806,844 | ▼ 3.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €3.3m | €5.5m | -€726,814 | €2.9m | €12.3m | ▲ 318% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | -€195,024 | -€680,706 | -€354,085 | -€107,981 | -€297,113 | ▼ 175% |
| Other operating charges640/8 | €17.1m | €20.9m | €29.4m | €37.0m | €43.1m | ▲ 16.7% |
| Operating profit (loss)9901 | -€56.0m | -€64.8m | -€66.3m | -€79.2m | -€95.7m | ▼ 20.8% |
| Financial income75/76B | €77.5m | €88.2m | €117.7m | €150.5m | €164.6m | ▲ 9.4% |
| Recurring financial income75 | €77.5m | €88.2m | €117.7m | €150.5m | €164.6m | ▲ 9.4% |
| Income from current assets751 | €77.1m | €86.9m | €109.4m | €138.1m | €156.0m | ▲ 13.0% |
| Other financial income752/9 | €441,082 | €1.3m | €8.3m | €12.4m | €8.6m | ▼ 31.2% |
| Financial charges65/66B | €803,432 | €3.0m | €19.6m | €32.7m | €30.2m | ▼ 7.7% |
| Recurring financial charges65 | €803,432 | €3.0m | €19.6m | €32.7m | €30.0m | ▼ 8.2% |
| Debt charges650 | €420,482 | €2.0m | €15.3m | €23.6m | €20.2m | ▼ 14.6% |
| Other financial charges652/9 | €382,950 | €970,090 | €4.3m | €9.0m | €9.8m | ▲ 8.7% |
| Non-recurring financial charges66B | - | - | - | - | €150,180 | - |
| Profit (loss) for the period before taxes9903 | €20.7m | €20.3m | €31.8m | €38.6m | €38.7m | ▲ 0.2% |
| Income taxes67/77 | €5.9m | €5.2m | €7.5m | €9.6m | €10.4m | ▲ 8.8% |
| Taxes670/3 | €5.9m | €5.2m | €7.6m | €9.6m | €10.4m | ▲ 8.8% |
| Tax adjustments and reversals of tax provisions77 | - | - | €41,458 | - | - | - |
| Profit (loss) for the period9904 | €14.7m | €15.2m | €24.3m | €29.1m | €28.3m | ▼ 2.6% |
| Transfer from tax-exempt reserves789 | €747,100 | €1.6m | €719,910 | €3.1m | €968,588 | ▼ 68.7% |
| Transfer to tax-exempt reserves689 | €2.0m | €2.0m | €997,770 | €997,770 | €997,770 | = |
| Profit (loss) for the period to be appropriated9905 | €13.5m | €14.7m | €24.1m | €31.2m | €28.3m | ▼ 9.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €995.3m | €1.16bn | €1.33bn | €1.54bn | €1.66bn | ▲ 8.2% |
| Fixed assets21/28 | €14.7m | €14.1m | €13.5m | €13.0m | €12.7m | ▼ 2.6% |
| Intangible fixed assets21 | €18,208 | €11,840 | €6,114 | €2,432 | €933 | ▼ 61.6% |
| Tangible fixed assets22/27 | €14.6m | €14.0m | €13.5m | €12.8m | €12.7m | ▼ 0.8% |
| Land and buildings22 | €14.6m | €13.8m | €13.1m | €12.4m | €12.3m | ▼ 0.6% |
| Plant, machinery and equipment23 | €5,928 | €4,128 | €99,033 | €88,198 | €78,048 | ▼ 11.5% |
| Furniture and vehicles24 | €38,560 | €210,598 | €275,228 | €251,464 | €234,097 | ▼ 6.9% |
| Financial fixed assets28 | €16,976 | €16,976 | €16,976 | €245,696 | €3,839 | ▼ 98.4% |
| Affiliated companies280/1 | €1 | €1 | €1 | €228,721 | €1 | ▼ 100.0% |
| Participating interests280 | €1 | €1 | €1 | €228,721 | €1 | ▼ 100.0% |
| Other financial fixed assets284/8 | €16,975 | €16,975 | €16,975 | €16,975 | €3,838 | ▼ 77.4% |
| Amounts receivable and cash guarantees285/8 | €16,975 | €16,975 | €16,975 | €16,975 | €3,838 | ▼ 77.4% |
| Current assets29/58 | €980.6m | €1.14bn | €1.32bn | €1.52bn | €1.65bn | ▲ 8.3% |
| Amounts receivable after more than one year29 | €589.8m | €706.5m | €817.3m | €941.7m | €1.04bn | ▲ 10.5% |
| Trade receivables290 | €589.8m | €706.5m | €817.3m | €941.7m | €1.04bn | ▲ 10.5% |
| Amounts receivable within one year40/41 | €365.0m | €402.8m | €459.5m | €508.5m | €552.2m | ▲ 8.6% |
| Trade receivables40 | €363.5m | €400.4m | €456.3m | €503.8m | €547.5m | ▲ 8.7% |
| Other amounts receivable41 | €1.4m | €2.5m | €3.2m | €4.7m | €4.7m | ▲ 0.6% |
| Cash at bank and in hand54/58 | €6.9m | €9.6m | €10.2m | €34.5m | €16.4m | ▼ 52.6% |
| Deferred charges and accrued income490/1 | €19.0m | €25.4m | €33.2m | €38.2m | €40.4m | ▲ 5.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €995.3m | €1.16bn | €1.33bn | €1.54bn | €1.66bn | ▲ 8.2% |
| Equity10/15 | €761.8m | €777.0m | €801.3m | €830.4m | €858.7m | ▲ 3.4% |
| Contributions10/11 | €460.0m | €460.0m | €460.0m | €460.0m | €460.0m | = |
| Capital10 | €460.0m | €460.0m | €460.0m | €460.0m | €460.0m | = |
| Issued capital100 | €460.0m | €460.0m | €460.0m | €460.0m | €460.0m | = |
| Reserves13 | €301.8m | €317.0m | €341.3m | €370.4m | €398.8m | ▲ 7.7% |
| Non-distributable reserves130/1 | €14.1m | €14.8m | €16.0m | €17.6m | €19.0m | ▲ 8.1% |
| Legal reserve130 | €14.1m | €14.8m | €16.0m | €17.6m | €19.0m | ▲ 8.1% |
| Other1319 | €29 | €29 | €29 | €29 | €29 | = |
| Tax-exempt reserves132 | €5.6m | €6.0m | €6.3m | €4.2m | €4.2m | ▲ 1.2% |
| Distributable reserves133 | €282.2m | €296.2m | €319.1m | €348.7m | €375.6m | ▲ 7.7% |
| Provisions and deferred taxes16 | €2.7m | €2.0m | €1.7m | €1.6m | €1.3m | ▼ 18.9% |
| Provisions for liabilities and charges160/5 | €2.7m | €2.0m | €1.7m | €1.6m | €1.3m | ▼ 18.9% |
| Pensions and similar obligations160 | €1.6m | €1.7m | €1.5m | €1.4m | €1.3m | ▼ 12.4% |
| Other liabilities and charges164/5 | €1.1m | €375,533 | €144,158 | €144,158 | €24,158 | ▼ 83.2% |
| Amounts payable17/49 | €230.7m | €379.4m | €530.8m | €704.0m | €802.5m | ▲ 14.0% |
| Amounts payable after more than one year17 | €124.7m | €275.2m | €317.1m | €433.2m | €403.1m | ▼ 6.9% |
| Financial debts170/4 | €124.0m | €274.0m | €316.0m | €432.0m | €402.0m | ▼ 6.9% |
| Credit institutions173 | €124.0m | €274.0m | €316.0m | €432.0m | €402.0m | ▼ 6.9% |
| Trade debts175 | - | €1.2m | €1.1m | €1.2m | €1.1m | ▼ 1.8% |
| Suppliers1750 | - | €1.2m | €1.1m | €1.2m | €1.1m | ▼ 1.8% |
| Other amounts payable178/9 | €739,950 | - | - | - | - | - |
| Amounts payable within one year42/48 | €105.5m | €102.4m | €209.3m | €265.6m | €394.3m | ▲ 48.5% |
| Current portion of amounts payable after more than one year42 | €52.0m | €9.0m | €30.0m | €114.0m | €194.2m | ▲ 70.3% |
| Financial debts43 | €31.0m | €67.0m | €152.0m | €123.0m | €170.0m | ▲ 38.2% |
| Credit institutions430/8 | €31.0m | €67.0m | €152.0m | €123.0m | €170.0m | ▲ 38.2% |
| Trade debts44 | €9.7m | €10.1m | €12.9m | €13.9m | €12.5m | ▼ 9.7% |
| Suppliers440/4 | €9.7m | €10.1m | €12.9m | €13.9m | €12.5m | ▼ 9.7% |
| Taxes, remuneration and social security45 | €7.0m | €6.7m | €8.4m | €9.8m | €12.3m | ▲ 25.7% |
| Taxes450/3 | €1.5m | €140,694 | €1.3m | €3.4m | €5.2m | ▲ 52.1% |
| Remuneration and social security454/9 | €5.5m | €6.6m | €7.1m | €6.3m | €7.1m | ▲ 11.4% |
| Other amounts payable47/48 | €5.8m | €9.6m | €6.0m | €4.9m | €5.3m | ▲ 7.8% |
| Accrued charges and deferred income492/3 | €445,339 | €1.8m | €4.4m | €5.3m | €5.1m | ▼ 4.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €14.7m | €15.2m | €24.3m | €29.1m | €28.3m | ▼ 2.6% |
| + Depreciation and write-downs630 | €839,206 | €832,194 | €841,017 | €834,276 | €806,844 | ▼ 3.3% |
| Operating cash flow (approximation) | €15.6m | €16.0m | €25.2m | €29.9m | €29.1m | ▼ 2.6% |
| Investment in fixed assets (approximation) | - | -€211,823 | -€297,179 | -€326,642 | -€464,395 | ▼ 42.2% |
| Change in cash | - | €2.7m | €675,923 | €24.3m | -€18.1m | ▼ 175% |
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
01-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
17-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Highest result since 2018net €29.1m ▲19.5%
Net result €29.1m, the highest in the series.
13-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
07-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
10-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
08-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Weakest financial yearnet €10.3m ▼35.7%
Net result drops to €10.3m, the lowest in the series; recovery starts the following year.
29-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
26-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
12-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
07-06
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 33 acts read
About the unread acts
We know of 33 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
33 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, Tournai · 1 establishment unit since 1986
Ground area
577 m²
Building footprint
138 m²
Volume, LiDAR
699 m³
Parcel 57060A0261/00N000, Wallonia · tallest building 6.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Chaussée de Lille(OR) 422, 7501 Tournai
since 19862.019.243.555
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 57060A0261/00N000 | Wallonia | 577 m² | 1 · 138 m² | 6.5 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
5493000TKYNTN72V4W49
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Of 61 companies in sector 64921 we hold annual accounts for 39. 3 are within a factor 10 of this equity. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded06-06-1967
Fiscal year end31-12
Abbreviation FR
Alfigen
Activities, NACEBEL 2025
64921Financial service activities, except insurance and pension funding
66220Insurance agents and brokers
E-invoicing
Reachable via Peppol
Peppol ID
0208:0400359283
Registered
21-01-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.