Cofisca
ActiveSummary
Cofisca has been active since 2012 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €167,691 and a net result of €43,880. Equity grew by about 30% per year on average since 2023. In 2025 it fell by 8.8%. Its solvency ranks better than 53% of 15,790 sector peers (NACE 69, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 24-09-2012 Normal situation
- Activity
- Certified accountants and tax accountants NACE 69201
- Joint committee
- 336 Liberal professions · annual accounts 2024
- Establishment units
- 2.213.288.986 4550 Nandrin, since 24-09-2012
- 2.238.462.070 4550 Nandrin, since 01-01-2015
- Financial year end
- 31 December
- Peppol
- Reachable since 02-02-2026
Financial position
- Bankruptcy probabilitywithin 12 months
- < 0.1%
- Gross margin
- €178,620
- ▼ 22.1%
- Turnover
- ≈ €340,000
- estimated
- Profit
- €43,880
- ▼ 48.3%
- Equity
- €167,691
- ▼ 8.8%
- Total assets
- €281,548
- ▲ 10.5%
- Employees on 31-12-2025
- 2
- =
Score breakdownlowers riskSector: Legal and accounting activities (NACE 69)Liquidity: current ratio 2.28, cash €151,206Size: total assets €281,548Equity €167,691 (59.6% of total assets)Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 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 69, micro). It does better than 56% of them on solvency, 72% on liquidity, 48% on profitability and 25% on growth.
The bankruptcy probability was computed on 04-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 3 accounts on average 20 days before the deadline. In the sector (NACE 69), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 02-07-2026 at the NBB all 3 filings
Every figure per financial year
The operating result for 2025 is 48% lower than in 2024 and the lowest since 2023.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Staff
| Item | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|
| Employees at the balance-sheet date | 3 | 2 | 2 |
| full-time | 2 | 2 | 2 |
| part-time | 1 | - | - |
| in full-time equivalents | 2.6 | 2 | 2 |
| Average over the year, in full-time equivalents | 2.6 | 2.1 | 2 |
| On a permanent contract | 2 | 2 | 2 |
| Joined | 2 | 3 | 4 |
| Left | 1 | 4 | 4 |
Source: social balance sheet in the 2023 to 2025 annual accounts
Investments
| Item | 2023 | 2024 | 2025 |
|---|---|---|---|
| Tangible fixed assets | €59,193 | - | €1,599 |
| Depreciation and write-downs of the year | €11,053 | €13,184 | €13,572 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | €99,444 | €100,821 | €105,113 | ▲ 4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11,053 | €13,184 | €13,572 | ▲ 2.9% |
| Other operating charges640/8 | €1,264 | €394 | €357 | ▼ 9.6% |
| Non-recurring operating charges66A | €50 | - | - | - |
| Gross operating margin9900 | €195,384 | €229,257 | €178,620 | ▼ 22.1% |
| Operating profit (loss)9901 | €83,573 | €114,857 | €59,579 | ▼ 48.1% |
| Financial income75/76B | €7 | €868 | €953 | ▲ 9.8% |
| Recurring financial income75 | €7 | €868 | €953 | ▲ 9.8% |
| Financial charges65/66B | €1,310 | €1,378 | €1,023 | ▼ 25.8% |
| Recurring financial charges65 | €1,310 | €1,378 | €1,023 | ▼ 25.8% |
| Profit (loss) for the period before taxes9903 | €82,270 | €114,347 | €59,509 | ▼ 48.0% |
| Income taxes67/77 | €19,151 | €29,471 | €15,628 | ▼ 47.0% |
| Profit (loss) for the period9904 | €63,119 | €84,877 | €43,880 | ▼ 48.3% |
| Profit (loss) for the period to be appropriated9905 | €63,119 | €84,877 | €43,880 | ▼ 48.3% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €266,385 | €254,725 | €281,548 | ▲ 10.5% |
| Fixed assets21/28 | €56,695 | €43,511 | €31,538 | ▼ 27.5% |
| Intangible fixed assets21 | - | - | €0 | - |
| Tangible fixed assets22/27 | €54,895 | €41,711 | €29,738 | ▼ 28.7% |
| Furniture and vehicles24 | €54,895 | €41,711 | €29,738 | ▼ 28.7% |
| Financial fixed assets28 | €1,800 | €1,800 | €1,800 | = |
| Current assets29/58 | €209,690 | €211,215 | €250,010 | ▲ 18.4% |
| Amounts receivable within one year40/41 | €71,075 | €73,397 | €97,902 | ▲ 33.4% |
| Trade receivables40 | €69,675 | €73,397 | €81,102 | ▲ 10.5% |
| Other amounts receivable41 | €1,400 | - | €16,800 | - |
| Cash at bank and in hand54/58 | €138,615 | €137,648 | €151,206 | ▲ 9.9% |
| Deferred charges and accrued income490/1 | - | €170 | €902 | ▲ 431% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €266,385 | €254,725 | €281,548 | ▲ 10.5% |
| Equity10/15 | €98,934 | €183,810 | €167,691 | ▼ 8.8% |
| Contributions10/11 | €18,550 | €18,550 | €18,550 | = |
| Reserves13 | €75,855 | €125,855 | €145,855 | ▲ 15.9% |
| Non-distributable reserves130/1 | €1,855 | €1,855 | €1,855 | = |
| Reserves not available under the articles1311 | €1,855 | €1,855 | €1,855 | = |
| Distributable reserves133 | €74,000 | €124,000 | €144,000 | ▲ 16.1% |
| Profit (loss) carried forward14 | €4,529 | €39,405 | €3,286 | ▼ 91.7% |
| Amounts payable17/49 | €167,451 | €70,915 | €113,858 | ▲ 60.6% |
| Amounts payable after more than one year17 | €24,739 | €14,719 | €4,394 | ▼ 70.1% |
| Financial debts170/4 | €24,739 | €14,719 | €4,394 | ▼ 70.1% |
| Amounts payable within one year42/48 | €142,712 | €56,195 | €109,463 | ▲ 94.8% |
| Current portion of amounts payable after more than one year42 | €9,723 | €10,019 | €10,325 | ▲ 3.1% |
| Trade debts44 | €4,900 | €7,324 | €12,413 | ▲ 69.5% |
| Suppliers440/4 | €4,900 | €7,324 | €12,413 | ▲ 69.5% |
| Taxes, remuneration and social security45 | €16,934 | €25,996 | €13,209 | ▼ 49.2% |
| Taxes450/3 | €4,565 | €13,444 | €7,200 | ▼ 46.4% |
| Remuneration and social security454/9 | €12,369 | €12,552 | €6,010 | ▼ 52.1% |
| Other amounts payable47/48 | €111,156 | €12,856 | €73,516 | ▲ 472% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €63,119 | €84,877 | €43,880 | ▼ 48.3% |
| + Depreciation and write-downs630 | €11,053 | €13,184 | €13,572 | ▲ 2.9% |
| Operating cash flow (approximation) | €74,171 | €98,061 | €57,452 | ▼ 41.4% |
| Investment in fixed assets (approximation) | - | €0 | -€1,599 | - |
| Change in cash | - | -€968 | €13,559 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 34,693 companies had the same profile as Cofisca has now. Two years later, 95.3% were still going and 0.7% had gone bankrupt.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
That fits the bankruptcy probability of Cofisca itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 34,693 companies, not a prediction for Cofisca. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Board & ownership
Directors
Owners and capital
Capital transactions
- 20-12-2023 Converted to available equity · €18,550
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Avec ou sans limitation, expert-comptable fiscaliste et/ou équivalent autre Etat membre”
- Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
- “Qualités d'admission requises par statuts, après agrément organe d'administration”
Articles of association, deed of 20-12-2023 (in French)
Network & group
Cofisca shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of Cofisca. Every other company they run is a node.
Timeline
Deeds, filings and financial milestones
20-12
Gazette deed
Company renamed from COMPTAQUINET to Cofisca“Les services juridiques en rapport avec les activités du professionnel; Fournir des conseils,des consultations…” (deed in French) · Auditor report: €199,096.44 · Legal-form conversion: from general partnership to private limited company5 points ▸
- General meeting, 15-12-2023
- Auditor report, €199,096.44
- Legal-form conversion, from general partnership to private limited company
- Name change, Cofisca
- Accounting effect, 31-10-2023
- The deed holds 7 more points.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
8 activities
- Les services juridiques en rapport avec les activités du professionnel
- Fournir des conseils,des consultations en matière statistique,économique,financière et administrative
- Mener toutes sortes d'études et d'activités à cet égard,à l'exception des conseils en investissement et des activités pour lesquelles une reconnaissance supplémentaire est requise et/ou qui sont réservées par la loi à d'autres professions
- Fournir des conseils et une assistance en matière sociale,notamment l'accomplissement des formalités y relatives tel que le calcul des salaires
- Exercer les activités d'ordre juridique et économique compatibles avec la déontologie de la profession
- Exercer l'activité de syndic immobilier
- Exercer la fonction de liquidateur dans d'autres sociétés
- Exercer des mandats d'administrateurs dans d'autres sociétés inscrites au registre public de l'Institut (ITAA)
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the addresses
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 61053B0034/00W002 | Wallonia | 573 m² | 1 · 61 m² | 10.3 m · 3 |
| 61078E0255/00Y006 | Wallonia | 391 m² | 1 · 84 m² | 9.6 m · 3 |