COFIEMO
InactiveInactive; last annual accounts for fiscal year 2023.
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 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
31-12-2024 close31-07-2025 deadline28-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 15-05-2024, 77 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
77 d early
2022
17 d early
2021
40 d early
2020
43 d early
2019
39 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 5 accounts on average 43 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
Financials · fiscal year 2023, micro schema
Equity
€26,068▼ 36.0%
2022 · €40,701
Total assets
€26,760▼ 35.4%
2022 · €41,442
Net result
-€14,634▼ 192%
2022 · -€5,012
Working capital
€26,131▼ 35.9%
2022 · €40,765
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
Line20192020202120222023
Operating result-€4,515-€1,607▲ 64.4%-€8,462▼ 426%-€5,553▲ 34.4%-€14,626▼ 163%
Net result-€2,944€368-€7,064-€5,012▲ 29.1%-€14,634▼ 192%
Equity€52,409▼ 5.3%€52,777▲ 0.7%€45,713▼ 13.4%€40,701▼ 11.0%€26,068▼ 36.0%
Total assets€68,676▼ 11.8%€69,369▲ 1.0%€62,145▼ 10.4%€41,442▼ 33.3%€26,760▼ 35.4%
Debt€16,267▼ 27.8%€16,591▲ 2.0%€16,432▼ 1.0%€740▼ 95.5%€693▼ 6.4%
Working capital€52,464▼ 5.3%€52,832▲ 0.7%€45,770▼ 13.4%€40,765▼ 10.9%€26,131▼ 35.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €14,626 in 2023 against €5,553 in 2022; the loss grows and 2023 has the lowest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Equity and liabilities €26,760
Equity
€26,068 ▼ 36.0%
Debt
€693 ▼ 6.4%
Debt's share of the balance-sheet total rises from 1.8% to 2.6%. Equity and debt are lower.
Key figures and ratios
Current ratio
42.55▼
2022 · 61.25
Debt to equity
0.03▲
2022 · 0.02
ROE
-56.1%▼
2022 · -12.3%
ROA
-54.7%▼
2022 · -12.1%
Debt ≤ 1 year
€629▼
2022 · €677
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | - | €459 | €460 | €499 | ▲ 8.7% |
| Gross operating margin9900 | -€4,061 | -€1,151 | -€8,004 | -€5,094 | -€14,127 | ▼ 177% |
| Operating profit (loss)9901 | -€4,515 | -€1,607 | -€8,462 | -€5,553 | -€14,626 | ▼ 163% |
| Financial income75/76B | - | - | €1,542 | €739 | €100 | ▼ 86.5% |
| Recurring financial income75 | €1,716 | €2,111 | €1,542 | €739 | €100 | ▼ 86.5% |
| Financial charges65/66B | - | - | €144 | €198 | €107 | ▼ 45.9% |
| Recurring financial charges65 | €145 | €135 | €144 | €198 | €107 | ▼ 45.9% |
| Profit (loss) for the period before taxes9903 | -€2,944 | €368 | -€7,064 | -€5,012 | -€14,634 | ▼ 192% |
| Profit (loss) for the period9904 | -€2,944 | €368 | -€7,064 | -€5,012 | -€14,634 | ▼ 192% |
| Profit (loss) for the period to be appropriated9905 | -€2,944 | €368 | -€7,064 | -€5,012 | -€14,634 | ▼ 192% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €68,676 | €69,369 | €62,145 | €41,442 | €26,760 | ▼ 35.4% |
| Current assets29/58 | €68,676 | €69,369 | €62,145 | €41,442 | €26,760 | ▼ 35.4% |
| Amounts receivable within one year40/41 | €64,664 | €65,760 | €61,392 | €15,122 | €15,076 | ▼ 0.3% |
| Trade receivables40 | - | - | - | - | €5,000 | - |
| Other amounts receivable41 | - | - | €61,392 | €15,122 | €10,076 | ▼ 33.4% |
| Cash at bank and in hand54/58 | €3,977 | €3,573 | €717 | €26,284 | €11,685 | ▼ 55.5% |
| Deferred charges and accrued income490/1 | - | - | €36 | €36 | €0 | ▼ 100% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €68,676 | €69,369 | €62,145 | €41,442 | €26,760 | ▼ 35.4% |
| Equity10/15 | €52,409 | €52,777 | €45,713 | €40,701 | €26,068 | ▼ 36.0% |
| Contributions10/11 | €18,592 | - | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €33,817 | €34,185 | €27,121 | €22,109 | €7,763 | ▼ 64.9% |
| Non-distributable reserves130/1 | - | - | €1,859 | €1,859 | €1,859 | = |
| Reserves not available under the articles1311 | - | - | €1,859 | €1,859 | €1,859 | = |
| Distributable reserves133 | - | - | €25,262 | €20,250 | €5,903 | ▼ 70.8% |
| Profit (loss) carried forward14 | - | - | - | - | -€287 | - |
| Amounts payable17/49 | €16,267 | €16,591 | €16,432 | €740 | €693 | ▼ 6.4% |
| Amounts payable within one year42/48 | €16,212 | €16,537 | €16,375 | €677 | €629 | ▼ 7.0% |
| Trade debts44 | - | €243 | €0 | €569 | €516 | ▼ 9.3% |
| Suppliers440/4 | - | - | €0 | €569 | €516 | ▼ 9.3% |
| Other amounts payable47/48 | - | - | €16,375 | €108 | €113 | ▲ 4.7% |
| Accrued charges and deferred income492/3 | - | - | €57 | €64 | €64 | = |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€2,944 | €368 | -€7,064 | -€5,012 | -€14,634 | ▼ 192% |
| Operating cash flow (approximation) | -€2,944 | €368 | -€7,064 | -€5,012 | -€14,634 | ▼ 192% |
| Change in cash | - | -€404 | -€2,856 | €25,567 | -€14,599 | ▼ 157% |
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
2024
15-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet -€14,634
Net result drops to -€14,634, the lowest in the series.
14-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Liquidity times 16current ratio 61.25
Current ratio from 3.80 to 61.25; short-term debt falls from €16,375 to €677.
21-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
18-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €368
Net result €368 after one loss-making year.
22-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
26-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
20-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
18-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
26-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 26 days late
2015
09-07
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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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Structure & network
Owners and holdings
1 ownerOwners 1
-
33.33%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. 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 fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.