Summary
COFIR is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €70.6m and a net result of €3.9m. Equity is growing by ~9.2% per year across the filed fiscal years. Its solvency ranks better than 87% of 2445 sector peers (fiscal year 2025). The company has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
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 04-06-2026, 57 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
57 d early
2024
55 d early
2023
54 d early
2022
53 d early
2021
58 d early
2020
57 d early
2019
53 d early
← 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 55 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% 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 6 June (5 of the last 5 filed years within 30 days of that day).
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, full schema
Equity
€70.6m▲ 2.1%
2024 · €69.2m
Net result
€3.9m▲ 126%
2024 · €1.7m
Total assets
€73.2m▲ 2.1%
2024 · €71.7m
Solvency
96.5%=
2024 · 96.5%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, 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-€124,354-€157,737▼ 26.8%-€134,873▲ 14.5%-€159,817▼ 18.5%-€220,381▼ 37.9%
Net result€11.1mabove the sector's middle half▲ 372%€4.0mabove the sector's middle half▼ 63.9%€9.2mabove the sector's middle half▲ 128%€1.7mabove the sector's middle half▼ 80.9%€3.9mabove the sector's middle half▲ 126%
Equity€62.2mabove the sector's middle half▲ 21.8%€64.2mabove the sector's middle half▲ 3.2%€69.9mabove the sector's middle half▲ 9.0%€69.2mabove the sector's middle half▼ 1.1%€70.6mabove the sector's middle half▲ 2.1%
Total assets€63.7mabove the sector's middle half▲ 12.8%€66.7mabove the sector's middle half▲ 4.7%€73.3mabove the sector's middle half▲ 9.9%€71.7mabove the sector's middle half▼ 2.3%€73.2mabove the sector's middle half▲ 2.1%
Debt€1.5m▼ 71.4%€2.6m▲ 65.1%€3.4m▲ 33.2%€2.5m▼ 26.4%€2.6m▲ 2.0%
Working capital€6.9mabove the sector's middle half▼ 13.5%€4.8mabove the sector's middle half▼ 29.8%€10.9mabove the sector's middle half▲ 125%€9.7mabove the sector's middle half▼ 10.7%€8.8mabove the sector's middle half▼ 9.1%
Solvency97.6%above the sector's middle half▲ 7.2pp96.2%above the sector's middle half▼ 1.4pp95.4%above the sector's middle half▼ 0.8pp96.5%above the sector's middle half▲ 1.1pp96.5%above the sector's middle half=
Current ratio2.90within the sector's middle half4.19above the sector's middle half▲ 1.284.87above the sector's middle half▲ 0.684.45above the sector's middle half▼ 0.42
Return on assets (ROA)17.4%above the sector's middle half▲ 13.3pp6.0%within the sector's middle half▼ 11.4pp12.5%above the sector's middle half▲ 6.5pp2.4%within the sector's middle half▼ 10.1pp5.4%within the sector's middle half▲ 3.0pp
Staff (FTE)0.3below the sector's middle half=0.3below the sector's middle half=0.3below the sector's middle half=0.2below the sector's middle half▼ 33.3%0.2below the sector's middle half=
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, 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 €220,381 in 2025 against €159,817 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 €73.2m
Fixed assets
€61.8m ▲ 3.9%
Current assets
€11.4m ▼ 6.8%
Equity and liabilities €73.2m
Equity
€70.6m ▲ 2.1%
Debt
€2.6m ▲ 2.0%
Debt's share of the balance-sheet total stays at 3.5%.
Key figures and ratios
ROE
5.6%▲
2024 · 2.5%
Debt ≤ 1 year
€2.6m▲
2024 · €2.5m
Income taxes
€282,833
Staff costs
€9,667▲
2024 · €9,469
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €8,859 | €9,784 | €9,709 | €9,469 | €9,667 | ▲ 2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €41,332 | €48,921 | €50,337 | €51,446 | €51,443 | = |
| Other operating charges640/8 | €14,745 | €26,611 | €20,177 | €20,886 | €69,016 | ▲ 230% |
| Gross operating margin9900 | -€59,419 | -€72,422 | -€54,649 | -€78,017 | -€90,255 | ▼ 15.7% |
| Operating profit (loss)9901 | -€124,354 | -€157,737 | -€134,873 | -€159,817 | -€220,381 | ▼ 37.9% |
| Financial income75/76B | €11.3m | €4.5m | €10.8m | €1.9m | €4.5m | ▲ 135% |
| Recurring financial income75 | €5.4m | €3.2m | €9.0m | €1.7m | €3.8m | ▲ 125% |
| Non-recurring financial income76B | €5.9m | €1.2m | €1.7m | €253,265 | €751,054 | ▲ 197% |
| Financial charges65/66B | €37,749 | €209,054 | €1.5m | €30,731 | €94,089 | ▲ 206% |
| Recurring financial charges65 | €37,749 | €209,054 | €360 | €30,731 | €94,089 | ▲ 206% |
| Non-recurring financial charges66B | - | - | €1.5m | - | - | - |
| Profit (loss) for the period before taxes9903 | €11.1m | €4.1m | €9.1m | €1.7m | €4.2m | ▲ 142% |
| Income taxes67/77 | - | €86,978 | -€86,978 | - | €282,833 | - |
| Profit (loss) for the period9904 | €11.1m | €4.0m | €9.2m | €1.7m | €3.9m | ▲ 126% |
| Profit (loss) for the period to be appropriated9905 | €11.1m | €4.0m | €9.2m | €1.7m | €3.9m | ▲ 126% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €63.7m | €66.7m | €73.3m | €71.7m | €73.2m | ▲ 2.1% |
| Fixed assets21/28 | €56.8m | €59.4m | €59.1m | €59.5m | €61.8m | ▲ 3.9% |
| Tangible fixed assets22/27 | €1.2m | €1.2m | €1.2m | €1.1m | €1.1m | ▼ 4.5% |
| Land and buildings22 | €1.1m | €1.2m | €1.1m | €1.1m | €1.0m | ▼ 4.1% |
| Furniture and vehicles24 | €59,538 | €56,067 | €49,730 | €46,283 | €39,721 | ▼ 14.2% |
| Assets under construction and advance payments27 | €13,411 | - | - | - | - | - |
| Financial fixed assets28 | €55.6m | €58.2m | €57.9m | €58.3m | €60.7m | ▲ 4.1% |
| Current assets29/58 | €6.9m | €7.4m | €14.3m | €12.2m | €11.4m | ▼ 6.8% |
| Amounts receivable within one year40/41 | €202,407 | €694 | €13,188 | €12,960 | €73,456 | ▲ 467% |
| Trade receivables40 | €198,282 | €694 | €5,916 | €449 | €480 | ▲ 6.9% |
| Other amounts receivable41 | €4,125 | - | €7,272 | €12,511 | €72,976 | ▲ 483% |
| Current investments50/53 | €320,600 | €6.4m | €14.2m | €12.1m | €11.0m | ▼ 9.2% |
| Cash at bank and in hand54/58 | €6.4m | €984,622 | €57,422 | €72,835 | €263,910 | ▲ 262% |
| Deferred charges and accrued income490/1 | €1,278 | €1,772 | €3,065 | €4,856 | €32,193 | ▲ 563% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €63.7m | €66.7m | €73.3m | €71.7m | €73.2m | ▲ 2.1% |
| Equity10/15 | €62.2m | €64.2m | €69.9m | €69.2m | €70.6m | ▲ 2.1% |
| Contributions10/11 | €37.2m | €37.2m | €37.2m | €37.2m | €37.2m | = |
| Capital10 | €37.2m | €37.2m | €37.2m | €37.2m | €37.2m | = |
| Issued capital100 | €37.2m | €37.2m | €37.2m | €37.2m | €37.2m | = |
| Reserves13 | €1.3m | €1.5m | €1.9m | €2.0m | €2.2m | ▲ 9.7% |
| Non-distributable reserves130/1 | €1.3m | €1.5m | €1.9m | €2.0m | €2.2m | ▲ 9.7% |
| Legal reserve130 | €1.3m | €1.5m | €1.9m | €2.0m | €2.2m | ▲ 9.7% |
| Profit (loss) carried forward14 | €23.7m | €25.5m | €30.8m | €30.0m | €31.2m | ▲ 4.2% |
| Amounts payable17/49 | €1.5m | €2.6m | €3.4m | €2.5m | €2.6m | ▲ 2.0% |
| Amounts payable after more than one year17 | €1.5m | - | - | - | - | - |
| Financial debts170/4 | €1.5m | - | - | - | - | - |
| Amounts payable within one year42/48 | €20,412 | €2.5m | €3.4m | €2.5m | €2.6m | ▲ 2.0% |
| Current portion of amounts payable after more than one year42 | - | €1.5m | - | - | - | - |
| Trade debts44 | €19,361 | €3,105 | €3,300 | €4,359 | €9,580 | ▲ 120% |
| Suppliers440/4 | €19,361 | €3,105 | €3,300 | €4,359 | €9,580 | ▲ 120% |
| Taxes, remuneration and social security45 | €1,051 | €30,190 | €1,424 | €1,338 | €45,045 | ▲ 3,267% |
| Taxes450/3 | - | €29,153 | - | - | €43,643 | - |
| Remuneration and social security454/9 | €1,051 | €1,037 | €1,424 | €1,338 | €1,401 | ▲ 4.7% |
| Other amounts payable47/48 | - | €1.0m | €3.4m | €2.5m | €2.5m | = |
| Accrued charges and deferred income492/3 | €29,275 | €24,474 | €2,777 | €697 | €850 | ▲ 21.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €11.1m | €4.0m | €9.2m | €1.7m | €3.9m | ▲ 126% |
| + Depreciation and write-downs630 | €41,332 | €48,921 | €50,337 | €51,446 | €51,443 | = |
| Operating cash flow (approximation) | €11.2m | €4.1m | €9.2m | €1.8m | €4.0m | ▲ 122% |
| Investment in fixed assets (approximation) | - | -€2.6m | €246,521 | -€454,937 | -€2.4m | ▼ 422% |
| Change in cash | - | -€5.4m | -€927,200 | €15,413 | €191,075 | ▲ 1,140% |
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
04-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
06-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
07-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
08-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
03-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Highest result since 2018net €11.1m ▲372%
Net result €11.1m, the highest in the series.
31-12
Financial
Liquidity times 78current ratio 337.89
Current ratio from 4.34 to 337.89; short-term debt falls from €2.4m to €20,412.
04-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Liquidity times 11current ratio 4.34
Current ratio from 0.40 to 4.34; short-term debt falls from €3.4m to €2.4m.
31-12
Financial
Equity above €50mEq €51.1m ▲48.1%
3 profitable years in a row build equity to €51.1m.
08-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Weakest financial yearnet €666,503 ▼12.8%
Net result drops to €666,503, the lowest in the series; recovery starts the following year.
Show earlier events
10-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
04-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
10-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 17 acts read
About the unread acts
We know of 17 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
17 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, Brussel · 1 establishment unit since 2007
Ground area
167 m²
Building footprint
122 m²
Volume, LiDAR
1,745 m³
Parcel 21822R0337/00K000, Brussels · tallest building 19.2 m, ±5 floors. Linked by address, not a title deed.
10
companies at this address
See who is registered here
1 establishment unit
COFIR
since 20072.166.749.574
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21822R0337/00K000 | Brussels | 167 m² | 1 · 122 m² | 19.2 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
Owners and holdings
5 holdingsOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 5
-
100%
-
25.53%
-
22.7%
-
15.13%
-
10%
According to the 2025 annual accounts of COFIR 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.
Recognitions · licences · registrations
Legal Entity Identifier
967600M5O1NFFSXXP587
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Of 24,729 companies in sector 64210 we hold annual accounts for 19,800. 2,244 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded19-10-2007
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
E-invoicing
Not found in the Peppol register
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If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.