COFIMMO
ActiveSummary
COFIMMO has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €5.1m and a net result of -€226,680. Equity remains stable across the filed fiscal years (±1.3% per year). Its solvency ranks better than 85% of 9354 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability14▼-9
Solvency100=
Growth47▼-17
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €360,000 at 30 days acceptable
Liquidity short (current ratio 0.17; short-term debt: 17.6% of total assets), and 19.2% 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
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
80.8%
Return on assets
-3.6%
Age of the figures
9 mo
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 15-07-2026, 16 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
16 d early
2024
31 d early
2023
33 d early
2022
31 d early
2021
52 d early
2020
8 d early
2019
70 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 14 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% 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. Usually files around 30 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check Which other companies belong to the same group?COFINPAR · 19 companies How does this company compare with its sector?Sector benchmark
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, abbreviated schema
Turnover
€17,515▲ 0.7%
2019 · €17,398
EBIT margin
-38.0%▲ 5.5pp
2019 · -43.6%
Net result
-€226,680
2024 · €194,840
Working capital
-€929,116
2024 · €2.4m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate 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
Turnover
Operating result-€84,857▼ 1,173%-€80,908▲ 4.7%-€11,616▲ 85.6%-€13,173▼ 13.4%-€216,740▼ 1,545%
Net result-€49,116below the sector's middle half-€43,593below the sector's middle half▲ 11.2%€194,822above the sector's middle half€194,840above the sector's middle half=-€226,680below the sector's middle half
EBIT margin
Equity€5.0mabove the sector's middle half€5.0mabove the sector's middle half▼ 0.9%€5.2mabove the sector's middle half▲ 3.9%€5.4mabove the sector's middle half▲ 3.8%€5.1mabove the sector's middle half▼ 4.2%
Total assets€5.2mwithin the sector's middle half▼ 2.1%€5.1mwithin the sector's middle half▼ 1.1%€5.4mwithin the sector's middle half▲ 5.1%€5.5mwithin the sector's middle half▲ 2.1%€6.4mabove the sector's middle half▲ 15.7%
Debt€12,568▼ 79.2%€10,976▼ 12.7%€88,148▲ 703%€17,298▼ 80.4%€1.1m▲ 6,389%
Working capital€3.3mabove the sector's middle half▼ 35.7%€2.7mabove the sector's middle half▼ 16.4%€2.6mabove the sector's middle half▼ 4.8%€2.4mabove the sector's middle half▼ 7.3%-€929,116below the sector's middle half
Solvency96.9%above the sector's middle half97.1%above the sector's middle half▲ 0.2pp96.1%above the sector's middle half▼ 1.1pp97.6%above the sector's middle half▲ 1.6pp80.8%above the sector's middle half▼ 16.8pp
Current ratio30.51above the sector's middle half0.17below the sector's middle half
Return on assets (ROA)-0.9%within the sector's middle half▼ 1.6pp-0.8%within the sector's middle half▲ 0.1pp3.6%within the sector's middle half▲ 4.5pp3.5%within the sector's middle half▼ 0.1pp-3.6%below the sector's middle half▼ 7.1pp
Staff (FTE)0below the sector's middle half0within the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, 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 €216,740 in 2025 against €13,173 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 €6.4m
Fixed assets
€6.2m ▲ 101%
Current assets
€193,283 ▼ 92.0%
Equity and liabilities €6.4m
Equity
€5.1m ▼ 4.2%
Provisions
€100,931 ▼ 10.4%
Debt
€1.1m ▲ 6,389%
Debt's share of the balance-sheet total rises from 0.3% to 17.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€21,413▼
2024 · -€12,840
Cash flow
-€31,353▼
2024 · €195,174
Debt to equity
0.22▲
2024 · 0.00
ROE
-4.4%▼
2024 · 3.6%
Interest coverage
-35.71▼
2024 · -17.68
Debt ≤ 1 year
€1.1m▲
2024 · €17,298
Income taxes
-€42▼
2024 · €864
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 119 companies that looked in July 2024 the way this one looks now, 0% went bankrupt within 24 months and 95% are still going.
- Medium-sized
- 5 to 10 years old
- solvency 30% or more
- a small loss
0%
went bankrupt
5.0%
stopped otherwise
95%
still going
For this company itself Checked computes a higher bankruptcy probability: 0.6% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 119 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €30,000 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €66,638 | €57,423 | €333 | €333 | €195,327 | ▲ 58,504% |
| Other operating charges640/8 | €5,265 | €7,764 | €6,021 | €4,738 | €9,236 | ▲ 94.9% |
| Gross operating margin9900 | -€12,953 | -€15,720 | -€5,262 | -€8,102 | -€12,177 | ▼ 50.3% |
| Operating profit (loss)9901 | -€84,857 | -€80,908 | -€11,616 | -€13,173 | -€216,740 | ▼ 1,545% |
| Financial income75/76B | €24,511 | €26,275 | €198,717 | €197,893 | €50,776 | ▼ 74.3% |
| Recurring financial income75 | €24,511 | €26,275 | €198,717 | €197,893 | €50,776 | ▼ 74.3% |
| Financial charges65/66B | €480 | €670 | €844 | €726 | €72,469 | ▲ 9,880% |
| Recurring financial charges65 | €480 | €670 | €844 | €726 | €600 | ▼ 17.4% |
| Non-recurring financial charges66B | - | - | - | - | €71,869 | - |
| Profit (loss) for the period before taxes9903 | -€60,826 | -€55,302 | €186,257 | €183,994 | -€238,432 | ▼ 230% |
| Transfer from deferred taxes780 | €11,710 | €11,710 | €11,710 | €11,710 | €11,710 | = |
| Income taxes67/77 | €0 | - | €3,145 | €864 | -€42 | ▼ 105% |
| Profit (loss) for the period9904 | -€49,116 | -€43,593 | €194,822 | €194,840 | -€226,680 | ▼ 216% |
| Transfer from tax-exempt reserves789 | €27,270 | €27,270 | €27,270 | €27,270 | €27,270 | = |
| Profit (loss) for the period to be appropriated9905 | -€21,846 | -€16,323 | €222,092 | €222,110 | -€199,410 | ▼ 190% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €5.2m | €5.1m | €5.4m | €5.5m | €6.4m | ▲ 15.7% |
| Fixed assets21/28 | €1.9m | €2.4m | €2.7m | €3.1m | €6.2m | ▲ 101% |
| Tangible fixed assets22/27 | €653,316 | €1.1m | €1.5m | €1.8m | €5.0m | ▲ 173% |
| Land and buildings22 | €599,516 | €599,183 | €595,709 | €595,375 | €2.2m | ▲ 270% |
| Furniture and vehicles24 | €3,800 | - | - | - | - | - |
| Assets under construction and advance payments27 | €50,000 | €535,900 | €854,827 | €1.2m | €2.8m | ▲ 127% |
| Financial fixed assets28 | €1.3m | €1.3m | €1.3m | €1.2m | €1.2m | ▼ 5.8% |
| Current assets29/58 | €3.3m | €2.7m | €2.7m | €2.4m | €193,283 | ▼ 92.0% |
| Amounts receivable within one year40/41 | €3.2m | €2.7m | €2.7m | €2.4m | €170,973 | ▼ 92.9% |
| Trade receivables40 | €5,040 | €17,751 | €16,364 | €20,809 | €16,650 | ▼ 20.0% |
| Other amounts receivable41 | €3.2m | €2.7m | €2.7m | €2.4m | €154,323 | ▼ 93.5% |
| Deferred charges and accrued income490/1 | €52,356 | €18,227 | €18,895 | €27,668 | €22,310 | ▼ 19.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €5.2m | €5.1m | €5.4m | €5.5m | €6.4m | ▲ 15.7% |
| Equity10/15 | €5.0m | €5.0m | €5.2m | €5.4m | €5.1m | ▼ 4.2% |
| Contributions10/11 | €1.9m | €1.9m | €1.9m | €1.9m | €1.9m | = |
| Revaluation surpluses12 | €15,156 | €11,367 | €7,578 | €3,789 | €0 | ▼ 100% |
| Reserves13 | €826,353 | €802,873 | €779,392 | €755,911 | €732,430 | ▼ 3.1% |
| Non-distributable reserves130/1 | €189,561 | €189,561 | €189,561 | €189,561 | €189,561 | = |
| Reserves not available under the articles1311 | €189,561 | €189,561 | €189,561 | €189,561 | €189,561 | = |
| Tax-exempt reserves132 | €370,675 | €343,405 | €316,135 | €288,865 | €261,596 | ▼ 9.4% |
| Distributable reserves133 | €266,117 | €269,906 | €273,696 | €277,485 | €281,274 | ▲ 1.4% |
| Profit (loss) carried forward14 | €2.3m | €2.3m | €2.5m | €2.7m | €2.5m | ▼ 7.3% |
| Investment grants15 | €147 | €77 | €6 | €0 | - | - |
| Provisions and deferred taxes16 | €147,770 | €136,060 | €124,350 | €112,641 | €100,931 | ▼ 10.4% |
| Deferred taxes168 | €147,770 | €136,060 | €124,350 | €112,641 | €100,931 | ▼ 10.4% |
| Amounts payable17/49 | €12,568 | €10,976 | €88,148 | €17,298 | €1.1m | ▲ 6,389% |
| Amounts payable within one year42/48 | €12,568 | €10,976 | €88,148 | €17,298 | €1.1m | ▲ 6,389% |
| Trade debts44 | €2,456 | €10,976 | €84,879 | €17,141 | €48,432 | ▲ 183% |
| Suppliers440/4 | €2,456 | €10,976 | €84,879 | €17,141 | €48,432 | ▲ 183% |
| Taxes, remuneration and social security45 | €10,112 | - | €3,145 | €32 | €0 | ▼ 100% |
| Taxes450/3 | €10,112 | - | €3,145 | €32 | €0 | ▼ 100% |
| Other amounts payable47/48 | - | - | €124 | €124 | €1.1m | ▲ 864,259% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€49,116 | -€43,593 | €194,822 | €194,840 | -€226,680 | ▼ 216% |
| + Depreciation and write-downs630 | €66,638 | €57,423 | €333 | €333 | €195,327 | ▲ 58,504% |
| Operating cash flow (approximation) | €17,523 | €13,831 | €195,155 | €195,174 | -€31,353 | ▼ 116% |
| Investment in fixed assets (approximation) | - | -€539,190 | -€315,786 | -€374,156 | -€3.3m | ▼ 781% |
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
15-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet -€226,680
Net result drops to -€226,680, the lowest in the series.
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Highest result since 2019net €194,840 ▲0%
Net result €194,840, the highest in the series.
31-12
Financial
Liquidity times 5current ratio 140.37
Current ratio from 30.51 to 140.37; short-term debt falls from €88,148 to €17,298.
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Back to profitnet €194,822
Net result €194,822 after 2 loss-making years.
31-12
Financial
Equity above €5mEq €5.2m ▲3.9%
Equity rises from €5.0m to €5.2m.
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
09-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Liquidity triplescurrent ratio 261.26
Current ratio from 85.15 to 261.26; short-term debt falls from €60,475 to €12,568.
23-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Liquidity doublescurrent ratio 85.15
Current ratio from 38.38 to 85.15; short-term debt falls from €134,357 to €60,475.
09-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 70 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Namur · 1 establishment unit since 2019
Ground area
7,915 m²
Building footprint
358 m²
Volume, LiDAR
5,004 m³
Parcel 92067C0296/00F000, Wallonia · tallest building 16.7 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
Chaussée de Liège(JB) 205, 5100 Namur
since 20192.293.200.952
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92067C0296/00F000 | Wallonia | 7,915 m² | 1 · 358 m² | 16.7 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.
Structure & network
Part of the group
COFINPAR
19 companies
Group, risk and exposure
Owners and holdings
1 owner · 2 holdingsChain of control
- COFINPAR
- COFIMMO
Highest known parent: COFINPAR. The sources do not say who stands above it.
Owners 1
- COFINPARparent99.99%
Holdings 2
-
100%
-
100%
According to the 2025 annual accounts of COFIMMO and those 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.
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Of 12,041 companies in sector 68203 we hold annual accounts for 6,007. 2,627 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
Founded06-08-2019
Fiscal year end31-12
Activities, NACEBEL 2025
68203Renting and operating of own or leased non-residential real estate, excluding land
68122Development of non-residential building projects
E-invoicing
Reachable via Peppol
Peppol ID
0208:0731908352
Registered
05-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.