COFISCAL
ActiveSummary
COFISCAL has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €201k and a net result of €-11k. Equity remains stable across the filed fiscal years (±2.1% per year). Its solvency ranks better than 38% of 12738 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability24▼-23
Solvency68▼-16
Growth32▼-46
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €12k at 30 days acceptable
Liquidity tight (current ratio 1.12 against 2.04 in 2024; short-term debt: 44.7% and cash: 16.3% of total assets), and 56.8% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 69
Relative position
BE, all sectors
reference
Legal and accounting activities (NACE 69)
about 77% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
29 d late
2023
31 d late
2022
30 d late
2021
51 d late
2020
31 d late
2019
116 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€201k▼ 26.5%
2024 · €274k
2018: €219k
2019: €223k▲ +2.2% vs 2018
2020: €193k▼ -13.6% vs 2019lowest in 8 years
2021: €245k▲ +26.8% vs 2020
2022: €236k▼ -3.6% vs 2021
2023: €244k▲ +3.3% vs 2022
2024: €274k▲ +12.4% vs 2023highest in 8 years
2025: €201k▼ -26.5% vs 2024
2018 → 2025
Total assets
€466k▼ 0.3%
2024 · €467k
2018: €361k
2019: €432k▲ +19.6% vs 2018
2020: €353k▼ -18.2% vs 2019lowest in 8 years
2021: €403k▲ +14.2% vs 2020
2022: €427k▲ +5.8% vs 2021
2023: €407k▼ -4.6% vs 2022
2024: €467k▲ +14.7% vs 2023highest in 8 years
2025: €466k▼ -0.3% vs 2024
2018 → 2025
Net result
€-11k
2024 · €38k
2018: €9k
2019: €35k▲ +311% vs 2018
2020: €-25k▼ -172% vs 2019lowest in 8 years
2021: €33k▲ +231% vs 2020
2022: €-5k▼ -114% vs 2021
2023: €19k▲ +512% vs 2022
2024: €38k▲ +103% vs 2023highest in 8 years
2025: €-11k▼ -129% vs 2024
2018 → 2025
Working capital
€25k▼ 79.7%
2024 · €122k
2018: €54k
2019: €4k▼ -92.5% vs 2018lowest in 8 years
2020: €22k▲ +452% vs 2019
2021: €61k▲ +171% vs 2020
2022: €90k▲ +49.0% vs 2021
2023: €89k▼ -1.3% vs 2022
2024: €122k▲ +36.6% vs 2023highest in 8 years
2025: €25k▼ -79.7% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€245k-€236k▼ 3.6%€244k▲ 3.3%€274k▲ 12.4%€201k▼ 26.5%
2021: €245k
2022: €236k▼ -3.6% vs 2021
2023: €244k▲ +3.3% vs 2022
2024: €274k▲ +12.4% vs 2023highest in 5 years
2025: €201k▼ -26.5% vs 2024lowest in 5 years
Operating result€74k-€20k▼ 72.7%€105k▲ 420%€126k▲ 19.3%€87k▼ 31.1%
2021: €74k
2022: €20k▼ -72.7% vs 2021lowest in 5 years
2023: €105k▲ +420% vs 2022
2024: €126k▲ +19.3% vs 2023highest in 5 years
2025: €87k▼ -31.1% vs 2024
Net result€33k-€-5k€19k€38k▲ 103%€-11k
2021: €33k
2022: €-5k▼ -114% vs 2021
2023: €19k▲ +512% vs 2022
2024: €38k▲ +103% vs 2023highest in 5 years
2025: €-11k▼ -129% vs 2024lowest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 31% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €466k
Fixed assets
€233k ▲ 2.0%
Current assets
€233k ▼ 2.5%
Equity and liabilities €466k
Equity
€201k ▼ 26.5%
Provisions
€55k ▼ 21.0%
Debt
€209k ▲ 69.4%
Debt's share of the balance-sheet total rises from 26.4% to 44.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€91k▼
2024 · €129k
Cash flow
€-7k▼
2024 · €42k
Current ratio
1.12▼
2024 · 2.04
Debt to equity
1.04▲
2024 · 0.45
ROE
-5.5%▼
2024 · 13.9%
ROA
-2.4%▼
2024 · 8.2%
Interest coverage
0.95▼
2024 · 2.17
Debt ≤ 1 year
€208k▲
2024 · €117k
Income taxes
€2k▼
2024 · €28k
Staff costs
€240k▲
2024 · €174k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 61 lines
Balance sheet
Code20242025
Assets
Total assets20/58€467k€466k▼
Fixed assets21/28€228k€233k▲
Tangible fixed assets22/27€8k€13k▲
Furniture and vehicles24€8k€11k▲
Other tangible fixed assets26-€2k
Financial fixed assets28€220k€220k=
Current assets29/58€239k€233k▼
Amounts receivable after more than one year29€65k€50k▼
Other amounts receivable291€65k€50k▼
Amounts receivable within one year40/41€133k€88k▼
Trade receivables40€70k€38k▼
Other amounts receivable41€63k€50k▼
Cash at bank and in hand54/58€31k€76k▲
Deferred charges and accrued income490/1€10k€19k▲
Equity and liabilities
Total equity and liabilities10/49€467k€466k▼
Equity10/15€274k€201k▼
Contributions10/11€6k€6k=
Reserves13€93k€31k▼
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€91k€30k▼
Profit (loss) carried forward14€175k€164k▼
Provisions and deferred taxes16€70k€55k▼
Provisions for liabilities and charges160/5€70k€55k▼
Other liabilities and charges164/5€70k€55k▼
Amounts payable17/49€124k€209k▲
Amounts payable after more than one year17€6k-
Financial debts170/4€6k-
Amounts payable within one year42/48€117k€208k▲
Current portion of amounts payable after more than one year42€7k€6k▼
Financial debts43€5k-
Credit institutions430/8€5k-
Trade debts44€12k€13k▲
Suppliers440/4€12k€13k▲
Taxes, remuneration and social security45€43k€69k▲
Taxes450/3€30k€33k▲
Remuneration and social security454/9€13k€36k▲
Other amounts payable47/48€50k€120k▲
Accrued charges and deferred income492/3€260€1k▲
Income statement
Code20242025
Remuneration, social security and pensions62€174k€240k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€4k▲
Provisions for liabilities and charges: additions (uses and reversals)635/8€10k€-15k▼
Other operating charges640/8€2k€4k▲
Gross operating margin9900€315k€320k▲
Operating profit (loss)9901€126k€87k▼
Financial income75/76B€0€0=
Recurring financial income75€0€0=
Financial charges65/66B€59k€96k▲
Recurring financial charges65€59k€96k▲
Profit (loss) for the period before taxes9903€66k€-9k▼
Income taxes67/77€28k€2k▼
Profit (loss) for the period9904€38k€-11k▼
Profit (loss) for the period to be appropriated9905€38k€-11k▼
Appropriation of the result
Profit (loss) to be appropriated9906€212k€164k▼
Profit (loss) brought forward from the previous period14P€174k€175k▲
Transfer from equity791/2-€62k
Transfer to equity691/2€30k-
To other reserves6921€30k-
Profit to be distributed694/7€8k€62k▲
Return on contributions (dividend)694-€62k
Directors or managers695€8k-
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €23k | - | - | - |
| Remuneration, social security and pensions62 | €83k | €152k | €173k | €174k | €240k | ▲ 37.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €17k | €18k | €3k | €3k | €4k | ▲ 25.4% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | €53k | €6k | €10k | €-15k | ▼ 246% |
| Other operating charges640/8 | €3k | €1k | €8k | €2k | €4k | ▲ 128% |
| Gross operating margin9900 | €178k | €245k | €295k | €315k | €320k | ▲ 1.5% |
| Operating profit (loss)9901 | €74k | €20k | €105k | €126k | €87k | ▼ 31.1% |
| Financial income75/76B | €1k | €1k | €95 | €0 | €0 | = |
| Recurring financial income75 | €1k | €1k | €95 | €0 | €0 | = |
| Financial charges65/66B | €5k | €5k | €72k | €59k | €96k | ▲ 61.3% |
| Recurring financial charges65 | €5k | €5k | €72k | €59k | €96k | ▲ 61.3% |
| Profit (loss) for the period before taxes9903 | €71k | €17k | €34k | €66k | €-9k | ▼ 114% |
| Income taxes67/77 | €38k | €22k | €15k | €28k | €2k | ▼ 94.0% |
| Profit (loss) for the period9904 | €33k | €-5k | €19k | €38k | €-11k | ▼ 129% |
| Profit (loss) for the period to be appropriated9905 | €33k | €-5k | €19k | €38k | €-11k | ▼ 129% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €403k | €427k | €407k | €467k | €466k | ▼ 0.3% |
| Fixed assets21/28 | €240k | €226k | €228k | €228k | €233k | ▲ 2.0% |
| Tangible fixed assets22/27 | €20k | €6k | €8k | €8k | €13k | ▲ 54.2% |
| Furniture and vehicles24 | €4k | €6k | €8k | €8k | €11k | ▲ 32.4% |
| Leasing and similar rights25 | €16k | - | - | - | - | - |
| Other tangible fixed assets26 | - | - | - | - | €2k | - |
| Financial fixed assets28 | €220k | €220k | €220k | €220k | €220k | = |
| Current assets29/58 | €164k | €201k | €179k | €239k | €233k | ▼ 2.5% |
| Amounts receivable after more than one year29 | €65k | €65k | €65k | €65k | €50k | ▼ 23.1% |
| Other amounts receivable291 | €65k | €65k | €65k | €65k | €50k | ▼ 23.1% |
| Amounts receivable within one year40/41 | €90k | €117k | €101k | €133k | €88k | ▼ 33.9% |
| Trade receivables40 | €61k | €66k | €77k | €70k | €38k | ▼ 46.1% |
| Other amounts receivable41 | €30k | €51k | €24k | €63k | €50k | ▼ 20.4% |
| Cash at bank and in hand54/58 | €6k | €6k | €5k | €31k | €76k | ▲ 146% |
| Deferred charges and accrued income490/1 | €2k | €13k | €8k | €10k | €19k | ▲ 87.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €403k | €427k | €407k | €467k | €466k | ▼ 0.3% |
| Equity10/15 | €245k | €236k | €244k | €274k | €201k | ▼ 26.5% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Reserves13 | €60k | €63k | €63k | €93k | €31k | ▼ 66.2% |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | €60k | €62k | €62k | €91k | €30k | ▼ 67.6% |
| Profit (loss) carried forward14 | €179k | €166k | €174k | €175k | €164k | ▼ 6.3% |
| Provisions and deferred taxes16 | - | €53k | €60k | €70k | €55k | ▼ 21.0% |
| Provisions for liabilities and charges160/5 | - | €53k | €60k | €70k | €55k | ▼ 21.0% |
| Other liabilities and charges164/5 | - | €53k | €60k | €70k | €55k | ▼ 21.0% |
| Amounts payable17/49 | €159k | €138k | €104k | €124k | €209k | ▲ 69.4% |
| Amounts payable after more than one year17 | €51k | €27k | €13k | €6k | - | - |
| Financial debts170/4 | €51k | €27k | €13k | €6k | - | - |
| Amounts payable within one year42/48 | €103k | €111k | €90k | €117k | €208k | ▲ 77.8% |
| Current portion of amounts payable after more than one year42 | €28k | €26k | €9k | €7k | €6k | ▼ 12.6% |
| Financial debts43 | €13k | €12k | €13k | €5k | - | - |
| Credit institutions430/8 | €13k | €12k | €13k | €5k | - | - |
| Trade debts44 | €6k | €24k | €17k | €12k | €13k | ▲ 8.8% |
| Suppliers440/4 | €6k | €24k | €17k | €12k | €13k | ▲ 8.8% |
| Taxes, remuneration and social security45 | €57k | €48k | €46k | €43k | €69k | ▲ 60.6% |
| Taxes450/3 | €44k | €34k | €22k | €30k | €33k | ▲ 9.0% |
| Remuneration and social security454/9 | €13k | €14k | €24k | €13k | €36k | ▲ 180% |
| Other amounts payable47/48 | - | - | €6k | €50k | €120k | ▲ 139% |
| Accrued charges and deferred income492/3 | €5k | - | €364 | €260 | €1k | ▲ 381% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €33k | €-5k | €19k | €38k | €-11k | ▼ 129% |
| + Depreciation and write-downs630 | €17k | €18k | €3k | €3k | €4k | ▲ 25.4% |
| Operating cash flow (approximation) | €50k | €13k | €21k | €42k | €-7k | ▼ 116% |
| Investment in fixed assets (approximation) | - | €-4k | €-5k | €-4k | €-9k | ▼ 139% |
| Change in cash | - | €-150 | €-1k | €26k | €45k | ▲ 73.4% |
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
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Highest result since 2018net €38k ▲103%
Operating result €126k, net result €38k, both a record.
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
2023
31-12
Financial
Back to profitnet €19k
Net result €19k after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
20-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 51 days late
2021
31-12
Financial
Back to profitnet €33k
Net result €33k after one loss-making year.
31-12
Financial
Equity above €200kEq €245k ▲26.8%
Equity rises from €193k to €245k.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Weakest financial yearnet €-25k
Net result drops to €-25k, the lowest in the series; recovery starts the following year.
24-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 116 days late
Show earlier events
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 59 days late
2017
17-10
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 78 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
6 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, Gembloux · 2 establishment units since 2004
Ground area
3,465 m²
Building footprint
343 m²
Volume, LiDAR
1,806 m³
2 parcels, Wallonia · tallest building 11.0 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
COFISCAL
since 20042.143.606.958
COFISCAL
since 20192.293.467.010
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25006B0099/00E000 | Wallonia | 2,441 m² | 1 · 203 m² | 11.0 m · 3 fl. |
| 92255C0204/00C002 | Wallonia | 1,024 m² | 1 · 140 m² | - |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
2549007DRGYVWUEA9E25
Similar companies · same sector, comparable size
société patrimoniale Geron, Bastin & associés
BE 0403.954.916
Liège · Eq €201,461
ZF OFFICE
BE 0883.035.540
Sint-Pieters-Leeuw · Eq €201,515
AMFICO
BE 0892.769.291
Zedelgem · Eq €201,523
ACCOUNTANTSKANTOOR DE GEYTER
BE 0428.935.384
Zulte · Eq €201,279
FISCLOUD
BE 0723.902.288
Leuven · Eq €201,536
Of 12,173 companies in sector 69201 we hold annual accounts for 7,638. 6,388 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded15-11-2004
Fiscal year end31-12
Activities, NACEBEL 2025
69201Certified accountants and tax accountants
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.