COFILER
ActiveSummary
COFILER has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €53,826 and a net result of -€4,941. Equity is growing by ~13.5% per year across the filed fiscal years. Its solvency ranks better than 36% of 3330 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability47▼-33
Solvency53▼-4
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,500 at 30 days acceptable
Liquidity ample (current ratio 2.73 against 1.97 in 2024; short-term debt: 25% and cash: 33.5% of total assets), but 72.5% of the assets are financed with debt.
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Signals
Five 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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
27.5%
Return on assets
-2.5%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 03-08-2026, 3 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 9 filingsDeviation from the deadline
2025
3 d late
2024
on the day
2023
5 d late
2022
7 d early
2021
3 d early
2020
4 d early
2019
24 d late
← 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 3 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% 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
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€53,826▼ 8.4%
2024 · €58,768
Total assets
€195,410▲ 5.3%
2024 · €185,526
Net result
-€4,941
2024 · €16,936
Working capital
€84,672▲ 19.4%
2024 · €70,895
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 69, Legal and accounting activities, 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
Operating result-€275€10,671€39,614▲ 271%€32,544▼ 17.8%€9,158▼ 71.9%
Net result-€5,857below the sector's middle half€7,740within the sector's middle half€32,371within the sector's middle half▲ 318%€16,936within the sector's middle half▼ 47.7%-€4,941below the sector's middle half
Equity€32,172below the sector's middle half▼ 15.4%€39,913within the sector's middle half▲ 24.1%€72,284below the sector's middle half▲ 81.1%€58,768within the sector's middle half▼ 18.7%€53,826below the sector's middle half▼ 8.4%
Total assets€136,065within the sector's middle half▼ 10.0%€135,792within the sector's middle half▼ 0.2%€160,860below the sector's middle half▲ 18.5%€185,526within the sector's middle half▲ 15.3%€195,410below the sector's middle half▲ 5.3%
Debt€85,692▼ 9.7%€77,679▼ 9.4%€70,376▼ 9.4%€108,559▲ 54.3%€123,383▲ 13.7%
Working capital€62,169within the sector's middle half▼ 11.1%€69,568within the sector's middle half▲ 11.9%€100,163within the sector's middle half▲ 44.0%€70,895within the sector's middle half▼ 29.2%€84,672within the sector's middle half▲ 19.4%
Solvency23.6%below the sector's middle half▼ 1.5pp29.4%within the sector's middle half▲ 5.7pp44.9%within the sector's middle half▲ 15.5pp31.7%below the sector's middle half▼ 13.3pp27.5%within the sector's middle half▼ 4.1pp
Current ratio3.32within the sector's middle half▼ 0.313.63within the sector's middle half▲ 0.314.73above the sector's middle half▲ 1.111.97within the sector's middle half▼ 2.762.73within the sector's middle half▲ 0.76
Return on assets (ROA)-4.3%below the sector's middle half▼ 8.6pp5.7%within the sector's middle half▲ 10.0pp20.1%above the sector's middle half▲ 14.4pp9.1%within the sector's middle half▼ 11.0pp-2.5%below the sector's middle half▼ 11.7pp
Staff (FTE)0.6▲ 500%0.4▼ 33.3%0.6below the sector's middle half▲ 50.0%0.6=0.3below the sector's middle half▼ 50.0%
above
within
below
the middle half (P25 to P75) of NACE 69, Legal and accounting activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 72% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €195,410
Fixed assets
€61,802 ▲ 48.8%
Current assets
€133,608 ▼ 7.2%
Equity and liabilities €195,410
Equity
€53,826 ▼ 8.4%
Provisions
€18,200 =
Debt
€123,383 ▲ 13.7%
Debt's share of the balance-sheet total rises from 58.5% to 63.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€24,888▼
2024 · €42,178
Cash flow
€10,789▼
2024 · €26,570
Debt to equity
2.29▲
2024 · 1.85
ROE
-9.2%▼
2024 · 28.8%
Interest coverage
3.82▼
2024 · 9.58
Debt ≤ 1 year
€48,936▼
2024 · €73,105
Debt > 1 year
€74,447▲
2024 · €35,454
Income taxes
€8,834▼
2024 · €11,518
Staff costs
€10,166▲
2024 · €5,626
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,448 companies that looked in July 2024 the way this one looks now, 1.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 10 to 30%
- a small loss
1.4%
went bankrupt
5.0%
stopped otherwise
93%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 2,448 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €5,273 | €1,742 | €3,547 | €5,626 | €10,166 | ▲ 80.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,551 | €7,341 | €7,284 | €9,634 | €15,730 | ▲ 63.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | -€2,474 | -€4,856 | - | - |
| Other operating charges640/8 | €1,800 | €2,017 | €6,882 | €5,714 | €5,955 | ▲ 4.2% |
| Gross operating margin9900 | €14,349 | €21,772 | €54,853 | €48,662 | €41,009 | ▼ 15.7% |
| Operating profit (loss)9901 | -€275 | €10,671 | €39,614 | €32,544 | €9,158 | ▼ 71.9% |
| Financial income75/76B | €1,974 | €2,182 | €592 | €312 | €1,259 | ▲ 303% |
| Recurring financial income75 | €1,974 | €2,182 | €592 | €312 | €1,259 | ▲ 303% |
| Financial charges65/66B | €4,371 | €4,116 | €3,553 | €4,403 | €6,524 | ▲ 48.2% |
| Recurring financial charges65 | €4,371 | €4,116 | €3,553 | €4,403 | €6,524 | ▲ 48.2% |
| Profit (loss) for the period before taxes9903 | -€2,671 | €8,736 | €36,653 | €28,454 | €3,893 | ▼ 86.3% |
| Income taxes67/77 | €3,185 | €996 | €4,282 | €11,518 | €8,834 | ▼ 23.3% |
| Profit (loss) for the period9904 | -€5,857 | €7,740 | €32,371 | €16,936 | -€4,941 | ▼ 129% |
| Profit (loss) for the period to be appropriated9905 | -€5,857 | €7,740 | €32,371 | €16,936 | -€4,941 | ▼ 129% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €136,065 | €135,792 | €160,860 | €185,526 | €195,410 | ▲ 5.3% |
| Fixed assets21/28 | €47,090 | €39,748 | €33,864 | €41,526 | €61,802 | ▲ 48.8% |
| Tangible fixed assets22/27 | €46,850 | €39,508 | €33,624 | €41,286 | €61,287 | ▲ 48.4% |
| Land and buildings22 | €45,078 | €38,639 | €32,199 | €25,759 | €19,319 | ▼ 25.0% |
| Plant, machinery and equipment23 | €1,413 | €870 | €326 | €1,462 | €1,312 | ▼ 10.3% |
| Furniture and vehicles24 | €358 | - | €1,099 | €14,065 | €40,656 | ▲ 189% |
| Financial fixed assets28 | €240 | €240 | €240 | €240 | €515 | ▲ 115% |
| Current assets29/58 | €88,975 | €96,044 | €126,995 | €144,000 | €133,608 | ▼ 7.2% |
| Amounts receivable after more than one year29 | €56,000 | €47,000 | €38,000 | €29,000 | €2,700 | ▼ 90.7% |
| Other amounts receivable291 | €56,000 | €47,000 | €38,000 | €29,000 | €2,700 | ▼ 90.7% |
| Amounts receivable within one year40/41 | €22,836 | €30,718 | €45,700 | €46,719 | €63,331 | ▲ 35.6% |
| Trade receivables40 | €19,542 | €27,714 | €39,574 | €40,111 | €51,527 | ▲ 28.5% |
| Other amounts receivable41 | €3,294 | €3,004 | €6,125 | €6,609 | €11,804 | ▲ 78.6% |
| Cash at bank and in hand54/58 | €10,139 | €18,208 | €42,788 | €66,196 | €65,418 | ▼ 1.2% |
| Deferred charges and accrued income490/1 | - | €118 | €508 | €2,085 | €2,159 | ▲ 3.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €136,065 | €135,792 | €160,860 | €185,526 | €195,410 | ▲ 5.3% |
| Equity10/15 | €32,172 | €39,913 | €72,284 | €58,768 | €53,826 | ▼ 8.4% |
| Contributions10/11 | €18,592 | €18,592 | €20,452 | - | - | - |
| Outside capital11 | €18,592 | €18,592 | €20,452 | - | - | - |
| Other1109/19 | €18,592 | €18,592 | €20,452 | - | - | - |
| Reserves13 | €27,455 | €34,455 | €46,595 | €50,595 | €50,595 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | - | - | - | - |
| Tax-exempt reserves132 | €9,595 | €9,595 | €9,595 | €9,595 | €9,595 | = |
| Distributable reserves133 | €16,000 | €23,000 | €37,000 | €41,000 | €41,000 | = |
| Profit (loss) carried forward14 | -€13,875 | -€13,134 | €5,236 | €8,172 | €3,231 | ▼ 60.5% |
| Provisions and deferred taxes16 | €18,200 | €18,200 | €18,200 | €18,200 | €18,200 | = |
| Provisions for liabilities and charges160/5 | €18,200 | €18,200 | €18,200 | €18,200 | €18,200 | = |
| Pensions and similar obligations160 | €18,200 | €18,200 | €18,200 | €18,200 | €18,200 | = |
| Amounts payable17/49 | €85,692 | €77,679 | €70,376 | €108,559 | €123,383 | ▲ 13.7% |
| Amounts payable after more than one year17 | €58,887 | €51,204 | €43,544 | €35,454 | €74,447 | ▲ 110% |
| Financial debts170/4 | €58,887 | €51,204 | €43,544 | €35,454 | €74,447 | ▲ 110% |
| Amounts payable within one year42/48 | €26,806 | €26,476 | €26,832 | €73,105 | €48,936 | ▼ 33.1% |
| Current portion of amounts payable after more than one year42 | €12,424 | €10,683 | €10,660 | €14,090 | €23,447 | ▲ 66.4% |
| Trade debts44 | €2,478 | €804 | €1,047 | €10,151 | €2,175 | ▼ 78.6% |
| Suppliers440/4 | €2,478 | €804 | €1,047 | €10,151 | €2,175 | ▼ 78.6% |
| Taxes, remuneration and social security45 | €11,904 | €12,461 | €15,125 | €21,212 | €23,314 | ▲ 9.9% |
| Taxes450/3 | €11,570 | €12,364 | €14,533 | €21,212 | €22,119 | ▲ 4.3% |
| Remuneration and social security454/9 | €335 | €97 | €592 | - | €1,195 | - |
| Other amounts payable47/48 | - | €2,528 | - | €27,652 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€5,857 | €7,740 | €32,371 | €16,936 | -€4,941 | ▼ 129% |
| + Depreciation and write-downs630 | €7,551 | €7,341 | €7,284 | €9,634 | €15,730 | ▲ 63.3% |
| Operating cash flow (approximation) | €1,694 | €15,082 | €39,654 | €26,570 | €10,789 | ▼ 59.4% |
| Investment in fixed assets (approximation) | - | €0 | -€1,400 | -€17,295 | -€36,006 | ▼ 108% |
| Change in cash | - | €8,069 | €24,580 | €23,408 | -€778 | ▼ 103% |
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
03-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 3 days late
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
27-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 5 days late
05-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 5 days late
2023
31-12
Financial
Highest result since 2018net €32,371 ▲318%
Operating result €39,614, net result €32,371, both a record.
24-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €7,740
Net result €7,740 after one loss-making year.
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
27-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
24-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 24 days late
2019
31-12
Financial
Back to profitnet €8,435
Net result €8,435 after one loss-making year.
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
26-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Jette · 1 establishment unit since 2008
Ground area
406 m²
Building footprint
381 m²
Volume, LiDAR
4,694 m³
Parcel 21464D0102/00H003, Brussels · tallest building 17.1 m, ±5 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
-
since 20082.283.725.438
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21464D0102/00H003 | Brussels | 406 m² | 1 · 381 m² | 17.1 m · 5 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.
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Of 12,174 companies in sector 69201 we hold annual accounts for 7,641. 6,027 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
Founded25-11-1999
Fiscal year end31-12
Activities, NACEBEL 2025
69201Certified accountants and tax accountants
E-invoicing
Reachable via Peppol
Peppol ID
0208:0467520697
Also
9925:BE0467520697
Registered
16-12-2025
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.