Financials
- Financial year
- 2025
- Total assets
- €6.3m
- Loss
- -€512,828
- Solvency
- 30.8%
Total assets▲ 44.5%
Net result
20182025
COFISAF HOLDING
ActiveSummary
COFISAF HOLDING has been active since 1998 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.9m and a net result of -€512,828. Equity remains stable across the filed financial years (±0.1% per year). Its solvency ranks better than 30% of 3,844 sector peers (NACE 70, financial year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Overview
Activity
Business and other management consultancy
NACE 70200Activities of holding companies NACE 64210
1 site
Size
€6.3mtotal assets 2025
- Staff
- 1 FTE
- Equity
- €1.9m
- Loss
- -€512,828
Structure
- Holdings
- 2
- SAFARIAN JessicaManaging director
- SAFARIAN RanjiDirector
Accounts 23 days early4 of 18 deeds read
Why 65raises riskLiquidity: current ratio 0.25, cash €6,611Loss of €512,828, the second in a row (financial year 2025)1 change of registered office in 24 monthslowers riskSector: Activities of head offices; management consultancy activities (NACE 70)Show the evidence
Checked score
Score 2025
65
/ 100
Healthy
Probability in this band: 0.55% to 1.5%
Financially better than 18% of its sector peers (NACE 70, micro)
Financial strength · tick = 2024
Weak
Solvency
56-25
equity 30.8% of total assets
Liquidity
27-16
short-term debt 47.7% · cash 0.1%
Profitability
9-8
return on assets -8.2%
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
About 9 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: < 0.1%lowest value
12-2024: < 0.1%● unchanged vs 11-2024lowest value
01-2025: < 0.1%● unchanged vs 12-2024lowest value
02-2025: < 0.1%● unchanged vs 01-2025
03-2025: < 0.1%● unchanged vs 02-2025
04-2025: < 0.1%● unchanged vs 03-2025
05-2025: < 0.1%● unchanged vs 04-2025
08-2026: 0.9%highest value
09-2026: 0.9%● unchanged vs 08-2026
10-2026: 0.9%● unchanged vs 09-2026
Credit of up to €120,000 on 30-day terms is acceptable
Liquidity insufficient (current ratio 0.25, compared with 0.33 in 2024, below 1; short-term debt: 47.7% and cash: 0.1% of total assets), and 69.2% of the assets are financed with debt and provisions.
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 70, micro): better than 31% on solvency, 11% on liquidity, 10% on profitability and 22% on growth.
The bankruptcy probability was computed on 23-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
Six signals.
lowers riskraises riskneutral
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€512,828
neutral · Latest accounts filed on time
The financial year that closed on 30-12-2025 was due by 30-07-2026 and was filed on 07-07-2026, 23 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
23 days early
2024
75 days early
2023
22 days early
2022
30 days early
2021
31 days early
2020
42 days early
2019
45 days 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 38 days before the deadline; the sector median (NACE 70) for financial year 2024 is 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 30-12-2026 and is due by 30-07-2027. Nothing is late today. The company usually files around 30 June (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsWhere today falls in the filing period
23-10-2026 today30-12-2026 year end30-07-2027 deadline
- Resignation: EUFUNDING CONSULT SRL (director and…Appointment: SAFARIAN Jessica (director and…
- Annual accounts filedfinancial year 2025 · full…
- Weakest financial yearnet -€512,828
Key points
- Caution: Result fell in 2025from -€72,215 to -€512,828 ▼ 610% View
- Caution: Among the weakest 7% on net resultsector median €55,142 · 3,843 companies -€512,828 View
- Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View
- Caution: 2 loss-making years in a rowloss financial year 2025 -€512,828 View
- Board changedlatest change 13-07-2026 · 2 in office 1 joined · 1 left View
By topic
Board & ownership
- Board
- 2 members
- SAFARIAN JessicaManaging director
- SAFARIAN RanjiDirector
Network & group
- Subsidiaries
- 2
2 subsidiaries
Timeline
- Events
- 34
- Since
- 2000
- Next accounts
- by 30-07-2027
- 15-10-2025Permanent representatives: ANDREEVA Tatyana and Jessica Safarian
- 24-06-2025Reappointments: SAFARIAN Jessica (director) and SAFARIAN Ranji…
- 16-05-2025Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Public limited company
- Activity
- Business and other management consultancyNACE 70200
- Founded
- 28-07-1998
- Year ends
- 30-12
- Peppol
- Reachable for e-invoices
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