COFINAS
ActiveCOFINAS is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €159k and a net result of €56k. Equity is shrinking by ~4.9% per year across the filed fiscal years. Its solvency ranks better than 52% of 3326 sector peers (fiscal year 2024). The company has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals.
Signals
Two signals. The signal on the left, the evidence on the right.
○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-08-2025, 27 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
not confirmed
2024
27 d late
2023
29 d late
2022
30 d late
2021
26 d late
2020
30 d late
2019
88 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€159k▲ 1.9%
2023 · €156k
2018: €198k
2019: €206k
2020: €194k
2021: €195k
2022: €168k
2023: €156k
2018 → 2024
Net result
€56k▲ 266%
2023 · €15k
2018: €54k
2019: €8k
2020: €18k
2021: €31k
2022: €18k
2023: €15k
2018 → 2024
Total assets
€306k▲ 91.5%
2023 · €160k
2018: €203k
2019: €214k
2020: €201k
2021: €200k
2022: €184k
2023: €160k
2018 → 2024
Solvency
51.9%▼ 45.6pp
2023 · 97.5%
2018: 97.6%
2019: 96.0%
2020: 96.5%
2021: 97.2%
2022: 91.5%
2023: 97.5%
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€0€0
Equity€194k-€195k▲ 0.4%€168k▼ 13.6%€156k▼ 7.5%€159k▲ 1.9%
Operating result€28k-€44k▲ 61.0%€27k▼ 39.7%€21k▼ 20.8%€99k▲ 368%
Net result€18k-€31k▲ 67.1%€18k▼ 43.0%€15k▼ 12.3%€56k▲ 266%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 368% above 2023 and is the highest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €306k
Fixed assets
€209k▲ 13,704%
Current assets
€97k▼ 38.6%
Equity and liabilities €306k
Equity
€159k▲ 1.9%
Debt
€147k▲ 3,604%
The debt ratio rises from 2.5% to 48.1%: debt grows faster than equity.
Key figures and ratios
Solvency
51.9%▼
2023 · 97.5%
ROE
35.6%▲
2023 · 9.9%
ROA
18.4%▲
2023 · 9.7%
Debt
€147k▲
2023 · €4k
Debt ≤ 1 year
€142k▲
2023 · €2k
Income taxes
€28k▲
2023 · €6k
Staff costs
€43k▲
2023 · €17k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€160k€306k▲
Fixed assets21/28€2k€209k▲
Intangible fixed assets21€0€208k▲
Tangible fixed assets22/27€2k€883▼
Plant, machinery and equipment23€0€0=
Furniture and vehicles24€2k€883▼
Current assets29/58€158k€97k▼
Amounts receivable within one year40/41€8k€13k▲
Trade receivables40€1k€13k▲
Other amounts receivable41€6k€0▼
Current investments50/53€25k€0▼
Cash at bank and in hand54/58€126k€84k▼
Deferred charges and accrued income490/1€58€60▲
Equity and liabilities
Total equity and liabilities10/49€160k€306k▲
Equity10/15€156k€159k▲
Contributions10/11€6k€6k=
Reserves13€134k€137k▲
Non-distributable reserves130/1€128k€131k▲
Reserves not available under the articles1311€128k€131k▲
Distributable reserves133€6k€6k=
Profit (loss) carried forward14€15k€15k=
Amounts payable17/49€4k€147k▲
Amounts payable within one year42/48€2k€142k▲
Trade debts44€440€45▼
Suppliers440/4€440€45▼
Taxes, remuneration and social security45€1k€16k▲
Taxes450/3€0€15k▲
Remuneration and social security454/9€1k€2k▲
Other amounts payable47/48€0€126k▲
Accrued charges and deferred income492/3€2k€5k▲
Income statement
Code20232024
Turnover70€0-
Goods, raw materials, services and sundry goods60/61€0-
Remuneration, social security and pensions62€17k€43k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€643€53k▲
Other operating charges640/8-€49
Gross operating margin9900€39k€195k▲
Operating profit (loss)9901€21k€99k▲
Financial income75/76B€599€326▼
Recurring financial income75€599€326▼
Financial charges65/66B€60€15k▲
Recurring financial charges65€60€15k▲
Profit (loss) for the period before taxes9903€22k€84k▲
Income taxes67/77€6k€28k▲
Profit (loss) for the period9904€15k€56k▲
Profit (loss) for the period to be appropriated9905€15k€56k▲
Appropriation of the result
Profit (loss) to be appropriated9906€15k€72k▲
Profit (loss) brought forward from the previous period14P-€15k
Transfer from equity791/2€28k€54k▲
Transfer to equity691/2€0€56k▲
To other reserves6921-€56k
Profit to be distributed694/7€28k€54k▲
Return on contributions (dividend)694€28k€54k▲
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
2024
31-12
Financial
Highest result since 2018net €56k ▲266%
Operating result €99k, net result €56k, both a record.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
31-12
Financial
Liquidity times 7current ratio 91.08
Current ratio from 13.44 to 91.08; short-term debt falls from €14k to €2k.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 26 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
27-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 88 days late
2019
31-12
Financial
Weakest financial yearnet €8k ▼84.9%
Net result drops to €8k, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €200kEq €206k ▲3.7%
2 profitable years in a row build equity to €206k.
20-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 20 days late
2018
13-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 13 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 director, no change since 2023
Georges Henri FOSSOUL
CurrentAdministrateur non statutaire · since 20-12-2023
20-12-2023
Appointed as Administrateur non statutaire
Location & real-estate footprint
Registered office, Huy · 1 establishment unit since 1989
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.
Avenue des Ardennes 304500 HuyGround area
108 m²
Building footprint
105 m²
Volume, LiDAR
1,169 m³
Parcel 61031C0122/00X000, Wallonia · tallest building 12.1 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
GOFINAS
since 19892.042.713.201
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 61031C0122/00X000 | Wallonia | 108 m² | 1 · 105 m² | 12.1 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.
Similar companies · same sector, comparable size
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BE 0462.667.729
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WUYTS
BE 0834.545.339
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ALLIANCE BUSINESS
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A.C.T.A. - Terrasi
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Of 4,666 companies in sector 66220 we hold annual accounts for 3,214. 2,815 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded02-03-1989
Fiscal year end31-12
Activities, NACEBEL
66220Insurance agents and brokers
Sources
Crossroads Bank for EnterprisesNational Bank · 34 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.