Cofina
ActiveCofina has been active since 1977 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €384k and a net result of €5k. Equity remains stable across the filed fiscal years (±0.4% per year). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
75
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability20▼-80
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity ample (current ratio 11.82 against 11.54 in 2024; short-term debt: 8.2% and cash: 59.8% of total assets), and 8.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
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
91.8%
Return on assets
1.3%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €384k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 10 filingsDeviation from the deadline
2025
31 d late
2024
29 d late
2023
29 d late
2022
31 d late
2021
31 d late
2020
31 d late
2019
27 d late
← before the deadline
after the deadline →
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
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€384k▲ 1.4%
2024 · €378k
2018: €218k
2019: €199k
2020: €186k
2021: €179k
2022: €156k
2023: €177k
2024: €378k
2018 → 2025
Total assets
€418k▲ 1.2%
2024 · €413k
2018: €234k
2019: €220k
2020: €195k
2021: €193k
2022: €176k
2023: €190k
2024: €413k
2018 → 2025
Net result
€5k▼ 97.3%
2024 · €201k
2018: €-25k
2019: €-18k
2020: €-14k
2021: €-7k
2022: €-22k
2023: €21k
2024: €201k
2018 → 2025
Working capital
€371k▲ 1.6%
2024 · €366k
2018: €168k
2019: €165k
2020: €160k
2021: €163k
2022: €142k
2023: €164k
2024: €366k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€179k-€156k▼ 12.6%€177k▲ 13.2%€378k▲ 114%€384k▲ 1.4%
Operating result€-7k-€-22k▼ 208%€22k€285k▲ 1,180%€-7k
Net result€-7k-€-22k▼ 217%€21k€201k▲ 875%€5k▼ 97.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €7k after €285k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €418k
Fixed assets
€12k▼ 2.6%
Current assets
€406k▲ 1.3%
Equity and liabilities €418k
Equity
€384k▲ 1.4%
Debt
€34k▼ 1.1%
The debt ratio falls from 8.4% to 8.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€-7k▼
2024 · €285k
Cash flow
€6k▼
2024 · €202k
Solvency
91.8%▲
2024 · 91.6%
Current ratio
11.82▲
2024 · 11.54
Quick ratio
11.82▲
2024 · 11.54
Debt / equity
0.09▼
2024 · 0.09
ROE
1.4%▼
2024 · 53.2%
ROA
1.3%▼
2024 · 48.8%
Interest coverage
-90.38▼
2024 · 3985.13
Debt
€34k▼
2024 · €35k
Debt ≤ 1 year
€34k▼
2024 · €35k
Income taxes
€3k▼
2024 · €88k
Staff costs
€0▲
2024 · €-6k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€413k€418k▲
Fixed assets21/28€13k€12k▼
Tangible fixed assets22/27€13k€12k▼
Land and buildings22€13k€12k▼
Current assets29/58€400k€406k▲
Amounts receivable after more than one year29€46k€50k▲
Other amounts receivable291€46k€50k▲
Amounts receivable within one year40/41€4k€5k▲
Trade receivables40€4k€4k▲
Other amounts receivable41-€1k
Current investments50/53€333k€100k▼
Cash at bank and in hand54/58€17k€250k▲
Deferred charges and accrued income490/1€891€526▼
Equity and liabilities
Total equity and liabilities10/49€413k€418k▲
Equity10/15€378k€384k▲
Contributions10/11€31k€31k=
Reserves13€347k€353k▲
Non-distributable reserves130/1€3k€3k=
Reserves not available under the articles1311€3k€3k=
Distributable reserves133€344k€349k▲
Profit (loss) carried forward14€128€129▲
Amounts payable17/49€35k€34k▼
Amounts payable within one year42/48€35k€34k▼
Trade debts44€2k€4k▲
Suppliers440/4€2k€4k▲
Taxes, remuneration and social security45€33k€30k▼
Taxes450/3€33k€30k▼
Remuneration and social security454/9€0-
Other amounts payable47/48€350€215▼
Income statement
Code20242025
Non-recurring operating income76A€289k€0▼
Remuneration, social security and pensions62€-6k€0▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€323€323=
Other operating charges640/8€3k€2k▼
Gross operating margin9900€282k€-4k▼
Operating profit (loss)9901€285k€-7k▼
Financial income75/76B€4k€15k▲
Recurring financial income75€4k€15k▲
Financial charges65/66B€72€73▲
Recurring financial charges65€72€73▲
Profit (loss) for the period before taxes9903€289k€8k▼
Income taxes67/77€88k€3k▼
Profit (loss) for the period9904€201k€5k▼
Profit (loss) for the period to be appropriated9905€201k€5k▼
Appropriation of the result
Profit (loss) to be appropriated9906€201k€5k▼
Profit (loss) brought forward from the previous period14P€56€128▲
Transfer to equity691/2€201k€5k▼
To other reserves6921€201k€5k▼
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Highest result since 2018net €201k ▲875%
Operating result €285k, net result €201k, both a record.
31-12
Financial
Equity above €200kEq €378k ▲114%
2 profitable years in a row build equity to €378k.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
31-12
Financial
Back to profitnet €21k
Net result €21k after 5 loss-making years.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
27-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 27 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Menen · 1 establishment unit since 1985
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Ieperstraat 1118930 MenenGround area
159 m²
Building footprint
112 m²
Volume, LiDAR
999 m³
Parcel 34027E1009/00Z087, Flanders · tallest building 12.0 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Cofina
since 19852.139.716.763
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34027E1009/00Z087 | Flanders | 159 m² | 1 · 112 m² | 12.0 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded27-04-1977
Fiscal year end31-12
Sources
Crossroads Bank for EnterprisesNational Bank · 48 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.