CoFMa
ActiveSummary
CoFMa has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €47k and a net result of €7k. Equity is growing by ~35% per year across the filed fiscal years. Its solvency ranks better than 45% of 37956 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
84
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability78▼-9
Solvency78▲+19
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3.5k at 30 days acceptable
Liquidity ample (current ratio 1.57 against 1.02 in 2023; short-term debt: 46.8% and cash: 45.7% of total assets), and 46.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four 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 70
Relative position
BE, all sectors
reference
Sector 70
lower
← 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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
53.2%
Return on assets
7.5%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
61 d late
2023
61 d late
2022
31 d late
2021
31 d late
2020
30 d late
2019
95 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€47k▲ 16.5%
2023 · €40k
2018: €8k
2019: €19k
2020: €11k
2021: €7k
2022: €24k
2023: €40k
2018 → 2024
Total assets
€88k▼ 24.8%
2023 · €118k
2018: €20k
2019: €37k
2020: €48k
2021: €50k
2022: €89k
2023: €118k
2018 → 2024
Net result
€7k▼ 60.4%
2023 · €17k
2018: €3k
2019: €12k
2020: €-8k
2021: €-4k
2022: €17k
2023: €17k
2018 → 2024
Working capital
€24k▲ 1,284%
2023 · €2k
2018: €3k
2019: €9k
2020: €-7k
2021: €-18k
2022: €-8k
2023: €2k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€11k-€7k▼ 36.6%€24k▲ 251%€40k▲ 71.3%€47k▲ 16.5%
Operating result€-6k-€-736▲ 87.1%€25k€21k▼ 13.6%€9k▼ 58.6%
Net result€-8k-€-4k▲ 53.8%€17k€17k▼ 0.2%€7k▼ 60.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 59% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €88k
Fixed assets
€23k ▼ 39.7%
Current assets
€65k ▼ 17.5%
Equity and liabilities €88k
Equity
€47k ▲ 16.5%
Debt
€41k ▼ 46.4%
Debt's share of the balance-sheet total falls from 65.6% to 46.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€26k▼
2023 · €38k
Cash flow
€23k▼
2023 · €34k
Current ratio
1.57▲
2023 · 1.02
Debt to equity
0.88▼
2023 · 1.91
ROE
14.1%▼
2023 · 41.6%
ROA
7.5%▼
2023 · 14.3%
Interest coverage
253.01▲
2023 · 34.33
Debt ≤ 1 year
€41k▼
2023 · €77k
Income taxes
€2k▼
2023 · €3k
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 · 2024 against 2023 · 42 lines
Balance sheet
Code20232024
Assets
Total assets20/58€118k€88k▼
Fixed assets21/28€39k€23k▼
Tangible fixed assets22/27€39k€23k▼
Plant, machinery and equipment23€10k€7k▼
Furniture and vehicles24€28k€16k▼
Current assets29/58€79k€65k▼
Amounts receivable within one year40/41€31k€22k▼
Trade receivables40€31k€22k▼
Cash at bank and in hand54/58€16k€40k▲
Deferred charges and accrued income490/1€32k€2k▼
Equity and liabilities
Total equity and liabilities10/49€118k€88k▼
Equity10/15€40k€47k▲
Contributions10/11€12k€12k=
Reserves13€23k€23k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€22k€22k=
Profit (loss) carried forward14€5k€11k▲
Amounts payable17/49€77k€41k▼
Amounts payable within one year42/48€77k€41k▼
Trade debts44€50k€20k▼
Suppliers440/4€50k€20k▼
Taxes, remuneration and social security45€19k€8k▼
Taxes450/3€19k€8k▼
Other amounts payable47/48€8k€13k▲
Income statement
Code20232024
Non-recurring operating income76A€370-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€17k€17k▼
Other operating charges640/8€645-
Gross operating margin9900€39k€26k▼
Operating profit (loss)9901€21k€9k▼
Financial income75/76B€28€4▼
Recurring financial income75€28€4▼
Financial charges65/66B€1k€101▼
Recurring financial charges65€1k€101▼
Profit (loss) for the period before taxes9903€20k€9k▼
Income taxes67/77€3k€2k▼
Profit (loss) for the period9904€17k€7k▼
Profit (loss) for the period to be appropriated9905€17k€7k▼
Appropriation of the result
Profit (loss) to be appropriated9906€21k€11k▼
Profit (loss) brought forward from the previous period14P€5k€5k=
Transfer to equity691/2€17k-
To other reserves6921€17k-
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Back to profitnet €17k
Net result €17k after 2 loss-making years.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
31-12
Financial
Weakest financial yearnet €-8k ▼170%
Net result drops to €-8k, the lowest in the series; recovery starts the following year.
03-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 95 days late
2019
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
2018
09-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 9 days late
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
24-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 24 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Boechout
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Appelkantstraat 582530 BoechoutGround area
498 m²
Building footprint
141 m²
Volume, LiDAR
892 m³
Parcel 11004D0299/00K000, Flanders · tallest building 9.0 m, ±2 floors. Linked by address, not a title deed.
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11004D0299/00K000 | Flanders | 498 m² | 1 · 141 m² | 9.0 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2024 · 1 entry · 80 EUR awarded · 80 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 80 EUR | 80 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Similar companies · same sector, comparable size
Salvasan
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KHANBE
BE 0823.855.444
Ukkel · Eq €47,045
HUUS
BE 0560.778.477
Gent · Eq €47,048
VERDETEC
BE 0833.057.972
Nivelles · Eq €47,033
ViVlam
BE 0784.368.427
Sint-Martens-Latem · Eq €47,033
Of 82,562 companies in sector 70200 we hold annual accounts for 52,574. 37,820 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded31-01-2007
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 18 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.