COFIMA
InactiveFinancials · financial year 2025, micro format
Turnover
€9,947▲ 19.7%
2019 · €8,306
EBIT margin
Not meaningful: turnover is only a small part of operating income
Net result
-€29,964
2024 · €38,063
Working capital
-€174,637▲ 19.8%
2024 · -€217,649
Trend over the years
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result falls in 2025; 2025 is 17% below 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Turnover€9,947
2020
Operating result€32,078
2025
Net result-€29,964
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€52,198
2025
Equity-€175,141
2025
Debt€227,339
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€174,637
2025
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Turnover€8,306-€9,947▲ 19.7%
Operating result-€17,806--€11,408▲ 35.9%-€15,740▼ 38.0%-€6,531▲ 58.5%€31,630€38,766▲ 22.6%€32,078▼ 17.3%
Net result-€18,473--€12,091▲ 34.5%-€16,257▼ 34.5%-€7,169▲ 55.9%€31,091€38,063▲ 22.4%-€29,964
Equity-€178,814--€190,905▼ 6.8%-€207,162▼ 8.5%-€214,331▼ 3.5%-€183,240▲ 14.5%-€145,177▲ 20.8%-€175,141▼ 20.6%
Total assets€104,113-€101,682▼ 2.3%€98,698▼ 2.9%€91,241▼ 7.6%€120,929▲ 32.5%€120,349▼ 0.5%€52,198▼ 56.6%
Debt€282,927-€292,587▲ 3.4%€305,860▲ 4.5%€305,572▼ 0.1%€304,169▼ 0.5%€265,526▼ 12.7%€227,339▼ 14.4%
Working capital-€277,798--€280,844▼ 1.1%-€290,287▼ 3.4%-€288,166▲ 0.7%-€256,177▲ 11.1%-€217,649▲ 15.0%-€174,637▲ 19.8%
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €52,198
Fixed assets
€644 ▼ 99.1%
Current assets
€51,554 ▲ 7.7%
Equity and liabilities
Equity-€175,141
Debt€227,339
Equity is negative: debt (€227,339) exceeds the balance-sheet total (€52,198).
Key figures and ratios
EBITDA
€32,542▼
2024 · €39,231
Cash flow
-€29,499▼
2024 · €38,528
Solvency
-335.5%▼
2024 · -120.6%
Current ratio
0.23▲
2024 · 0.18
ROA
-57.4%▼
2024 · 31.6%
Interest coverage
over 100▲
2024 · 97.83
Debt ≤ 1 year
€226,192▼
2024 · €265,526
Income taxes
€386▲
2024 · €302
No debt to equity: equity is negative, so debt divided by equity means nothing.
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 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Turnover70 | €8,306 | €9,947 | - | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,749 | €9,789 | €9,137 | €9,280 | €908 | €465 | €465 | = |
| Other operating charges640/8 | - | - | - | €863 | €373 | €965 | €1,262 | ▲ 30.7% |
| Non-recurring operating charges66A | - | - | - | - | - | - | €194 | - |
| Gross operating margin9900 | -€7,103 | -€96 | -€5,756 | €3,613 | €32,911 | €40,196 | €33,997 | ▼ 15.4% |
| Operating profit (loss)9901 | -€17,806 | -€11,408 | -€15,740 | -€6,531 | €31,630 | €38,766 | €32,078 | ▼ 17.3% |
| Financial income75/76B | - | - | - | - | - | €0 | - | - |
| Recurring financial income75 | €0 | €0 | €0 | - | - | €0 | - | - |
| Financial charges65/66B | - | - | - | €372 | €249 | €401 | €61,655 | ▲ 154× |
| Recurring financial charges65 | €234 | €322 | €175 | €372 | €249 | €401 | €291 | ▼ 27.3% |
| Non-recurring financial charges66B | - | - | - | - | - | - | €61,364 | - |
| Profit (loss) for the period before taxes9903 | -€18,040 | -€11,730 | -€15,914 | -€6,903 | €31,381 | €38,365 | -€29,578 | - |
| Income taxes67/77 | €434 | €362 | €343 | €266 | €290 | €302 | €386 | ▲ 28.0% |
| Profit (loss) for the period9904 | -€18,473 | -€12,091 | -€16,257 | -€7,169 | €31,091 | €38,063 | -€29,964 | - |
| Profit (loss) for the period to be appropriated9905 | -€18,473 | -€12,091 | -€16,257 | -€7,169 | €31,091 | €38,063 | -€29,964 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €104,113 | €101,682 | €98,698 | €91,241 | €120,929 | €120,349 | €52,198 | ▼ 56.6% |
| Fixed assets21/28 | €98,985 | €89,939 | €83,125 | €73,845 | €72,937 | €72,472 | €644 | ▼ 99.1% |
| Tangible fixed assets22/27 | €27,373 | €18,327 | €11,513 | €2,233 | €1,325 | €861 | €396 | ▼ 54.0% |
| Furniture and vehicles24 | - | - | - | €2,233 | €1,325 | €861 | €396 | ▼ 54.0% |
| Financial fixed assets28 | €71,612 | €71,612 | €71,612 | €71,612 | €71,612 | €71,612 | €248 | ▼ 99.7% |
| Current assets29/58 | €5,128 | €11,743 | €15,573 | €17,396 | €47,992 | €47,877 | €51,554 | ▲ 7.7% |
| Amounts receivable within one year40/41 | €1,582 | €5,990 | €12,454 | €15,080 | €46,078 | €45,801 | €48,739 | ▲ 6.4% |
| Trade receivables40 | - | - | - | €13,769 | €46,078 | €45,800 | €48,739 | ▲ 6.4% |
| Other amounts receivable41 | - | - | - | €1,311 | €0 | €1 | - | - |
| Cash at bank and in hand54/58 | €1,541 | €3,496 | €898 | €468 | €844 | €936 | €2,416 | ▲ 158% |
| Deferred charges and accrued income490/1 | - | - | - | €1,848 | €1,069 | €1,140 | €400 | ▼ 64.9% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €104,113 | €101,682 | €98,698 | €91,241 | €120,929 | €120,349 | €52,198 | ▼ 56.6% |
| Equity10/15 | -€178,814 | -€190,905 | -€207,162 | -€214,331 | -€183,240 | -€145,177 | -€175,141 | ▼ 20.6% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | - | - | - | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | - | - | - | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Reserves13 | €410 | €410 | €410 | €410 | €410 | €410 | €410 | = |
| Non-distributable reserves130/1 | - | - | - | €410 | €410 | €410 | €410 | = |
| Legal reserve130 | - | - | - | €410 | €410 | €410 | €410 | = |
| Profit (loss) carried forward14 | -€241,223 | -€253,315 | -€269,572 | -€276,741 | -€245,650 | -€207,587 | -€237,551 | ▼ 14.4% |
| Amounts payable17/49 | €282,927 | €292,587 | €305,860 | €305,572 | €304,169 | €265,526 | €227,339 | ▼ 14.4% |
| Amounts payable within one year42/48 | €282,927 | €292,587 | €305,860 | €305,562 | €304,169 | €265,526 | €226,192 | ▼ 14.8% |
| Trade debts44 | €3,576 | €1,621 | €3,265 | €78 | €1,165 | - | €485 | - |
| Suppliers440/4 | - | - | - | €78 | €1,165 | - | €485 | - |
| Taxes, remuneration and social security45 | - | - | - | €235 | €964 | €3,942 | €2,156 | ▼ 45.3% |
| Taxes450/3 | - | - | - | €235 | €964 | €3,942 | €2,156 | ▼ 45.3% |
| Other amounts payable47/48 | - | - | - | €305,249 | €302,040 | €261,584 | €223,552 | ▼ 14.5% |
| Accrued charges and deferred income492/3 | - | - | - | €10 | €0 | - | €1,147 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€18,473 | -€12,091 | -€16,257 | -€7,169 | €31,091 | €38,063 | -€29,964 | - |
| + Depreciation and write-downs630 | €9,749 | €9,789 | €9,137 | €9,280 | €908 | €465 | €465 | = |
| Operating cash flow (approximation) | -€8,725 | -€2,303 | -€7,120 | €2,111 | €31,999 | €38,528 | -€29,499 | - |
| Investment in fixed assets (approximation) | - | -€743 | -€2,323 | €0 | €0 | €0 | €71,364 | - |
| Change in cash | - | €1,955 | -€2,598 | -€430 | €376 | €92 | €1,480 | ▲ 16× |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 32 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-06-2025 | micro format | 26-11-2025 | 2025-00570704 |
| 30-06-2024 | micro format | 07-01-2025 | 2025-00631042 |
| 30-06-2023 | micro format | 22-01-2024 | 2024-00007911 |
| 30-06-2022 | micro format | 24-01-2023 | 2023-00015075 |
| 30-06-2021 | micro format | 26-01-2022 | 2022-01900226 |
| 30-06-2020 | micro format | 30-12-2020 | 2020-77600298 |
| 30-06-2019 | micro format | 29-01-2020 | 2020-02900110 |
| 30-06-2018 | micro format | 21-12-2018 | 2018-75600213 |
| 30-06-2017 | micro format | 29-01-2018 | 2018-02600088 |
| 30-06-2016 | full format | 31-01-2017 | 2017-03300553 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.