COFISK
ActiveSummary
COFISK has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €219,435 and a net result of €31,478. Equity is growing by ~7.1% per year across the filed fiscal years. Its solvency ranks better than 19% of 12788 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability50▲+7
Solvency43▲+1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €14,000 at 30 days acceptable
Liquidity tight (current ratio 1.08 against 1.52 in 2024; short-term debt: 15.5% and cash: 6.5% of total assets), and 81.7% of the assets are financed with debt.
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Signals
Seven 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
18.3%
Return on assets
2.6%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 12788 sector peers (2025).
NBB · sector comparisonPosition among 12788 sector peers
Solvency
better than 19%
← weakest
strongest →
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 19-04-2026, 103 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
103 d early
2024
96 d early
2023
99 d early
2022
20 d late
2021
34 d early
2020
12 d late
2019
28 d late
← 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 39 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% 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.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€219,435▲ 11.5%
2024 · €196,841
Total assets
€1.2m▲ 1.6%
2024 · €1.2m
Net result
€31,478▲ 49.2%
2024 · €21,092
Working capital
€15,465▼ 84.5%
2024 · €99,674
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€28,464▼ 34.1%€15,118▼ 46.9%€41,526▲ 175%€63,012▲ 51.7%€71,146▲ 12.9%
Net result€14,971▼ 37.0%€3,350▼ 77.6%€18,495▲ 452%€21,092▲ 14.0%€31,478▲ 49.2%
Equity€167,687▲ 4.8%€166,497▼ 0.7%€160,234▼ 3.8%€196,841▲ 22.8%€219,435▲ 11.5%
Total assets€797,082▲ 4.9%€772,128▼ 3.1%€1.1m▲ 48.1%€1.2m▲ 3.3%€1.2m▲ 1.6%
Debt€629,394▲ 5.0%€587,588▼ 6.6%€983,398▲ 67.4%€984,512▲ 0.1%€981,054▼ 0.4%
Working capital€114,171▲ 5.7%€134,304▲ 17.6%€64,417▼ 52.0%€99,674▲ 54.7%€15,465▼ 84.5%
Staff (FTE)3.3▼ 17.5%4.6▲ 39.4%4.9▲ 6.5%4.5▼ 8.2%5.6▲ 24.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 13% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.2m
Fixed assets
€998,359 ▲ 12.2%
Current assets
€202,130 ▼ 30.6%
Equity and liabilities €1.2m
Equity
€219,435 ▲ 11.5%
Debt
€981,054 ▼ 0.4%
Debt's share of the balance-sheet total falls from 83.3% to 81.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€113,993▲
2024 · €101,865
Cash flow
€74,325▲
2024 · €59,945
Current ratio
1.08▼
2024 · 1.52
Debt to equity
4.47▼
2024 · 5.00
ROE
14.3%▲
2024 · 10.7%
ROA
2.6%▲
2024 · 1.8%
Interest coverage
3.30▲
2024 · 2.70
Debt ≤ 1 year
€186,665▼
2024 · €191,551
Debt > 1 year
€779,502▼
2024 · €792,075
Income taxes
€13,653▲
2024 · €8,783
Staff costs
€245,605▲
2024 · €176,840
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,972 companies that looked in July 2024 the way this one looks now, 1.2% went bankrupt within 24 months and 96% are still going.
- Micro
- 20 years or older
- solvency 10 to 30%
- a profit under 5% of the balance sheet
1.2%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 3,972 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €10,739 | - | - |
| Remuneration, social security and pensions62 | €124,510 | €172,751 | €154,916 | €176,840 | €245,605 | ▲ 38.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €49,229 | €37,806 | €39,977 | €38,853 | €42,847 | ▲ 10.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €5,120 | €2,523 | €2,127 | €7,209 | ▲ 239% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | €18,043 | -€18,043 | - | - | - |
| Other operating charges640/8 | €3,142 | €6,214 | €52,418 | €4,910 | €5,644 | ▲ 14.9% |
| Non-recurring operating charges66A | - | - | - | - | €14,000 | - |
| Gross operating margin9900 | €205,345 | €255,052 | €273,316 | €285,742 | €386,451 | ▲ 35.2% |
| Operating profit (loss)9901 | €28,464 | €15,118 | €41,526 | €63,012 | €71,146 | ▲ 12.9% |
| Financial income75/76B | €10,182 | €8,869 | €6,674 | €4,634 | €8,512 | ▲ 83.7% |
| Recurring financial income75 | €10,182 | €8,869 | €6,674 | €4,634 | €8,512 | ▲ 83.7% |
| Financial charges65/66B | €19,215 | €17,656 | €19,972 | €37,770 | €34,527 | ▼ 8.6% |
| Recurring financial charges65 | €19,215 | €17,656 | €19,972 | €37,770 | €34,527 | ▼ 8.6% |
| Profit (loss) for the period before taxes9903 | €19,431 | €6,330 | €28,228 | €29,876 | €45,131 | ▲ 51.1% |
| Income taxes67/77 | €4,460 | €2,980 | €9,734 | €8,783 | €13,653 | ▲ 55.4% |
| Profit (loss) for the period9904 | €14,971 | €3,350 | €18,495 | €21,092 | €31,478 | ▲ 49.2% |
| Profit (loss) for the period to be appropriated9905 | €14,971 | €3,350 | €18,495 | €21,092 | €31,478 | ▲ 49.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €797,082 | €772,128 | €1.1m | €1.2m | €1.2m | ▲ 1.6% |
| Fixed assets21/28 | €618,811 | €584,299 | €939,243 | €890,129 | €998,359 | ▲ 12.2% |
| Intangible fixed assets21 | €8,865 | €7,186 | €3,135 | €152 | - | - |
| Tangible fixed assets22/27 | €609,896 | €577,063 | €936,057 | €889,926 | €998,309 | ▲ 12.2% |
| Land and buildings22 | €583,340 | €560,108 | €914,379 | €881,024 | €847,668 | ▼ 3.8% |
| Furniture and vehicles24 | €7,033 | €2,074 | €10,883 | €79 | €19,311 | ▲ 24,482% |
| Other tangible fixed assets26 | €19,523 | €14,882 | €10,796 | €8,824 | €131,329 | ▲ 1,388% |
| Financial fixed assets28 | €50 | €50 | €50 | €50 | €50 | = |
| Current assets29/58 | €178,270 | €187,829 | €204,389 | €291,225 | €202,130 | ▼ 30.6% |
| Amounts receivable within one year40/41 | €134,334 | €150,485 | €163,761 | €207,390 | €120,203 | ▼ 42.0% |
| Trade receivables40 | €58,246 | €54,821 | €28,130 | €47,294 | €61,316 | ▲ 29.6% |
| Other amounts receivable41 | €76,089 | €95,664 | €135,631 | €160,096 | €58,887 | ▼ 63.2% |
| Cash at bank and in hand54/58 | €41,063 | €35,826 | €33,198 | €77,370 | €77,739 | ▲ 0.5% |
| Deferred charges and accrued income490/1 | €2,873 | €1,518 | €7,430 | €6,465 | €4,188 | ▼ 35.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €797,082 | €772,128 | €1.1m | €1.2m | €1.2m | ▲ 1.6% |
| Equity10/15 | €167,687 | €166,497 | €160,234 | €196,841 | €219,435 | ▲ 11.5% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €105,872 | €105,872 | €102,000 | €104,000 | €105,000 | ▲ 1.0% |
| Distributable reserves133 | €105,872 | €105,872 | €102,000 | €104,000 | €105,000 | ▲ 1.0% |
| Profit (loss) carried forward14 | -€33,060 | -€29,710 | -€28,344 | -€27,252 | -€26,774 | ▲ 1.8% |
| Investment grants15 | €76,276 | €71,736 | €67,978 | €101,493 | €122,609 | ▲ 20.8% |
| Provisions and deferred taxes16 | - | €18,043 | - | - | - | - |
| Provisions for liabilities and charges160/5 | - | €18,043 | - | - | - | - |
| Other liabilities and charges164/5 | - | €18,043 | - | - | - | - |
| Amounts payable17/49 | €629,394 | €587,588 | €983,398 | €984,512 | €981,054 | ▼ 0.4% |
| Amounts payable after more than one year17 | €565,209 | €533,831 | €842,539 | €792,075 | €779,502 | ▼ 1.6% |
| Financial debts170/4 | €565,209 | €533,831 | €842,539 | €792,075 | €779,502 | ▼ 1.6% |
| Amounts payable within one year42/48 | €64,099 | €53,525 | €139,972 | €191,551 | €186,665 | ▼ 2.6% |
| Current portion of amounts payable after more than one year42 | €31,624 | €31,378 | €48,435 | €50,464 | €61,815 | ▲ 22.5% |
| Financial debts43 | €1,678 | €1,680 | €1,707 | €1,710 | €1,702 | ▼ 0.5% |
| Credit institutions430/8 | €1,678 | €1,680 | €1,707 | €1,710 | €1,702 | ▼ 0.5% |
| Trade debts44 | €1,205 | €2,256 | €7,534 | €991 | €6,522 | ▲ 558% |
| Suppliers440/4 | €1,205 | €2,256 | €7,534 | €991 | €6,522 | ▲ 558% |
| Taxes, remuneration and social security45 | €18,976 | €18,136 | €32,386 | €59,605 | €69,066 | ▲ 15.9% |
| Taxes450/3 | €4,934 | €2,829 | €8,442 | €35,607 | €31,063 | ▼ 12.8% |
| Remuneration and social security454/9 | €14,043 | €15,306 | €23,944 | €23,998 | €38,003 | ▲ 58.4% |
| Other amounts payable47/48 | €10,616 | €75 | €49,910 | €78,781 | €47,561 | ▼ 39.6% |
| Accrued charges and deferred income492/3 | €87 | €232 | €887 | €887 | €14,887 | ▲ 1,579% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €14,971 | €3,350 | €18,495 | €21,092 | €31,478 | ▲ 49.2% |
| + Depreciation and write-downs630 | €49,229 | €37,806 | €39,977 | €38,853 | €42,847 | ▲ 10.3% |
| Operating cash flow (approximation) | €64,200 | €41,156 | €58,471 | €59,945 | €74,325 | ▲ 24.0% |
| Investment in fixed assets (approximation) | - | -€3,294 | -€394,920 | €10,261 | -€151,077 | ▼ 1,572% |
| Change in cash | - | -€5,237 | -€2,628 | €44,172 | €369 | ▼ 99.2% |
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
27-07
State Gazette act
Incorporation · Founder
Founding capital · First fiscal year
19-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
20-03
State Gazette act
Incorporation · Founder
Founding capital · Bank account
2025
31-12
Financial
Equity above €200,000Eq €219,435 ▲11.5%
8 profitable years in a row build equity to €219,435.
26-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
23-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
20-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 20 days late
2022
31-12
Financial
Weakest financial yearnet €3,350 ▼77.6%
Net result drops to €3,350, the lowest in the series; recovery starts the following year.
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
12-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 12 days late
2020
31-12
Financial
Equity above €150,000Eq €160,044 ▲11.4%
3 profitable years in a row build equity to €160,044.
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 28 days late
Show earlier events
2019
31-12
Financial
Highest result since 2018net €34,578 ▲80.6%
Net result €34,578, the highest in the series.
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 27 days late
2018
24-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 24 days late
2017
15-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 15 days late
Financial milestoneState Gazette actNBB 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.
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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, Brussel · 2 establishment units since 2010
Ground area
4,885 m²
Building footprint
2,229 m²
Volume, LiDAR
34,905 m³
Parcel 21815D0137/00Z005, Brussels · tallest building 19.8 m, ±5 floors. Linked by address, not a title deed.
6
companies at this address
See who is registered here
2 establishment units
Steenbakkerijstraat 46, 1020 Brussel
since 20102.227.700.317
COFISK - MOLE 169
since 20162.254.468.753
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21815D0137/00Z005 | Brussels | 4,885 m² | 1 · 2,229 m² | 19.8 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.
Recognitions · licences · registrations
Legal Entity Identifier
2549003OWVNQUO0M9T90
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Inclusief
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Of 12,174 companies in sector 69201 we hold annual accounts for 7,638. 6,302 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
Founded09-09-2004
Fiscal year end31-12
Activities, NACEBEL 2025
69201Certified accountants and tax accountants
Contact
E-mail
info@cofisk.beBrussel
E-invoicing
Reachable via Peppol
Peppol ID
0208:0867176238
Also
9925:BE0867176238
Registered
12-10-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.