Summary
Conclusion
the dossier summarised in one paragraphThe computed 12-month bankruptcy probability of COIMBRA GROUP is < 0.1% (very low). The 2025 annual accounts show equity of €776k and a net result of €-39k. Equity is growing by ~17.3% per year across the filed fiscal years. Its solvency ranks better than 74% of 40 sector peers (fiscal year 2025). The company has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals.
Based on the State Gazette, CBE and 5 annual accounts.
Signals
1 signal · with evidenceGrowing equity
Equity grew over 2022-2025. Profits are largely retained rather than distributed.
View the equity trend Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.
Filing behaviour
From the deposit records, complete market-wideLatest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 03-07-2026, 28 days ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.
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.
How we compute the deadline
The year end is derived from 5 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2025, that is 31-07-2026.
Deadline per financial year
| Year closed | Due by | Filed | Variance | Reference |
|---|---|---|---|---|
| 31-12-2025 | 31-07-2026 | 03-07-2026 | 28 d early | 2026-00245134 |
| 31-12-2023 | 31-07-2024 | 03-07-2024 | 28 d early | 2024-00208789 |
| 31-12-2022 | 31-07-2023 | 29-06-2023 | 32 d early | 2023-00171379 |
| 31-12-2021 | 31-07-2022 | 27-09-2022 | 58 d late | 2022-20438742 |
| 31-12-2020 | 31-07-2021 | 13-07-2021 | 18 d early | 2021-35100030 |
Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.
Trust signals
2 signalsLong-established
Founded in 2002, 24 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Bankruptcy probability (12 mo)
Checked model v1 · free for everyone< 0.1%
Very low
0%0,5%1,5%4%10%≥25%
Lower-risk legal form
−Lower-failure-rate sector
−Higher-failure-rate region
+
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
Financials
TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€-39k
Working capital€807k+26.7%
Annual accounts & ratios
Source: NBB · 2025Annual accounts filed on 03-07-2026 with the NBB · fiscal year 2025 · micro
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing
Equity: growth of ~17.3%/year over 5 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2025 · NACE 94 · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 85.9% | 72.4% | |
| Net result | €-39k | €12k | |
| Equity | €776k | €139k | |
| Gross operating margin | €477k | €135k | |
| Total assets | €904k | €213k |
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Sector position over time
Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).
P74
Improving position over 2020-2025
· n=32-79
P15
Improving position over 2020-2025
· n=33-78
P85
Improving position over 2020-2025
· n=32-79
P79
Improving position over 2020-2025
· n=34-80
Describes the position versus peers, not a forecast.
€-43k
-
20-25
€-39k
-
20-25
€-37k
-
20-25
€904k
+33.5%
20-25
€776k
+23.9%
20-25
€807k
+26.7%
20-25
3
-20.0%
20-25
€518k
+73.8%
20-25
€117k
+205.5%
20-25
€89k
+134.2%
20-25
10.04
-43.3%
20-25
10.04
-43.3%
20-25
85.9%
-7.2%
20-25
0.15
+146.6%
20-25
-5.0%
-
20-25
-4.3%
-
20-25
-215.05
-
20-25
Figures by fiscal year
| Fiscal year | 2025 |
|---|---|
| Deposit | micro |
| Revenue | - |
| EBITDA | €-43k |
| Net profit | €-39k |
| Cash flow | €-37k |
| Staff costs | €518k |
| Income taxes | - |
| Dividends | - |
| Total assets | €904k |
| Equity | €776k |
| Debt | €117k |
| of which ≤ 1y | €89k |
| of which > 1y | - |
| Working capital | €807k |
| Employees (FTE) | - |
Ratios (computed)
| 2025 | |
|---|---|
| Current ratio | 10.04 |
| Quick ratio | 10.04 |
| Working capital ratio | 89.3% |
| Solvency | 85.9% |
| Debt / equity | 0.15 |
| Long-term debt ratio | - |
| Interest coverage | -215.05 |
| Gross margin | - |
| Net margin | - |
| ROA | -4.3% |
| ROE | -5.0% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Balance-sheet composition 2025
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €904k |
| Fixed assets | 21/28 | €7k |
| Tangible fixed assets | 22/27 | €7k |
| Financial fixed assets | 28 | €120 |
| Current assets | 29/58 | €896k |
| Amounts receivable within one year | 40/41 | €57k |
| Cash & bank | 54/58 | €838k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €904k |
| Equity | 10/15 | €776k |
| Reserves | 13 | €776k |
| Provisions & deferred taxes | 16 | €10k |
| Amounts payable | 17/49 | €117k |
| Amounts payable within one year | 42/48 | €89k |
| Trade debts payable within one year | 44 | €9k |
| Income statement | ||
| Gross operating margin | 9900 | €477k |
| Operating result | 9901 | €-45k |
| Financial income | 75 | €6k |
| Financial charges | 65 | €200 |
| Result before taxes | 9903 | €-39k |
| Net result for the period | 9904 | €-39k |
| Result to be appropriated | 9905 | €-39k |
You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan.
See plans →
Ratios computed by Checked.
Health barometer
FY 2025 · computed55
/ 100
Fair
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Unlock the full score breakdown, per-year score history and the indicative credit limit from Kantoor S.
See plans →Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Directors
Directors & mandates
25 directorsCurrent directors & mandates
-
Current13-06-2025 → present
3 events
- 13-06-2025 Resigned· Director
- 13-06-2025 Appointed· Director
- 14-09-2021 Appointed· Director
-
Current13-06-2025 → present
4 events
- 13-06-2025 Resigned· Director
- 13-06-2025 Appointed· Director
- 14-09-2021 Mandate renewed· Director
- 09-06-2017 Appointed· Director
-
Current13-06-2025 → present
2 events
- 13-06-2025 Resigned· Director
- 13-06-2025 Appointed· Director
-
Current13-06-2025 → present
-
Current07-06-2024 → present
-
Current14-09-2021 → present
-
Current09-04-2021 → present
-
Current09-04-2021 → present
-
Current09-06-2017 → present
2 events
- 14-09-2021 Mandate renewed· Director
- 09-06-2017 Appointed· Director
-
Current10-06-2016 → present
2 events
- 09-04-2021 Mandate renewed· Director
- 10-06-2016 Appointed· Director
-
Current10-06-2016 → present
3 events
- 07-06-2024 Appointed· Director
- 09-04-2021 Mandate renewed· Director
- 10-06-2016 Appointed· Director
Historic, not recently confirmed (5)
These mandates remain open in the register but have not been confirmed by a new act in over six years. They do not count as active directors.
-
Not recently confirmedlast confirmed in an act from 2018
-
Not recently confirmedlast confirmed in an act from 2018
-
Not recently confirmedlast confirmed in an act from 2007
-
Not recently confirmedlast confirmed in an act from 2007
-
Not recently confirmedlast confirmed in an act from 2007
Former directors (9)
-
Former- → 09-04-2021
-
Former13-06-2014 → 01-06-2018
2 events
- 01-06-2018 Resigned· Director
- 13-06-2014 Mandate renewed· Director
-
Former- → 09-06-2017
-
Former- → 09-06-2017
-
Former13-06-2014 → 10-06-2016
2 events
- 10-06-2016 Resigned· Director
- 13-06-2014 Appointed· Director
-
Former- → 10-06-2016
-
Former- → 13-06-2014
-
Former- → 01-06-2007
-
Former- → 01-06-2007
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.
Insolvency mandates
No insolvency mandates (liquidators, administrators) on record for this company.
Legal Structure
| NACE primary | Verenigingen op het vlak van ontwikkelingssamenwerking(94995) |
| Legal form | Non-profit association(017) |
| Incorporation | 04-02-2002 |
| Status | Active |
| Postal code | 1000 |
Structure & network
Connections & network
7 connected companiesNetwork connections
Shared address
→
Shared address
→
Shared address
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Shared address
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Shared address
→
Shared address
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Shared address
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Connections derived from shared directors, addresses, shareholders and group structure in the Belgian State Gazette.
Locations & real estate
Registered office
from the Crossroads BankCannot 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.
Egmontstraat 111000 BrusselEstablishment units
1 locationCOIMBRA GROUP
since 20022.158.685.708
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area1,190 m²
Buildings1
Building footprint501 m²
Volume (LiDAR)9,009 m³
Tallest building25.9 m · ±6 fl.
Real-estate footprint
Source: CBE × cadastre · address linkingParcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21805E0528/00Y000 | Brussels | 1,190 m² | 1 · 501 m² | 25.9 m · 6 fl. |
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Publications
Lifecycle & Insolvency Signals
No insolvency signals in the Belgian State Gazette
Belgisch Staatsblad · acts
13 acts Address history · 1
06-11-2006
v3.2
All acts · 13
updated 3 months ago
2026
23-04-2026 Act object · Board meeting · Officer resignation · Officer appointment
- Filing: 2026-04-16 · COIMBRA GROUP
- Publication: 2026-04-23 · COIMBRA GROUP
- Act object: Fin de mandats d'administrateurs · COIMBRA GROUP
- Board meeting: 2026-04-09 · COIMBRA GROUP
- Officer resignation: 2026-03-12 · Eva Voldřichová-Beránková
- Officer appointment: président · THILLY Ludovic
- Officer appointment: administrateur · BUSSE Beatrix
- Officer appointment: administrateur · DONOGHUE Danny
- Officer appointment: administrateur · FORLINO Antonella
- Officer appointment: administrateur · MALEC Dorota
- Officer appointment: administrateur · NORÉN Coco
- Officer appointment: administrateur · POPA Nicoleta
- Officer appointment: administrateur · RAMALHO-SANTOS João
- Officer appointment: administrateur · YILDIZ SADAK Efrem
- Officer appointment: Déléguée à la gestion journalière · Emmanuelle Gardan
Summary:
Act object · Board meeting · Officer resignation · Officer appointment
2025
10-07-2025 4 directors appointed, 3 resigning
- BUSSE Beatrix, Bestuurder
- DONOGHUE Daniel, Bestuurder
- NOREN Coco, Bestuurder
- POPA Nicoleta, Bestuurder
- BUSSE Beatrix, Bestuurder
- DONOGHUE Daniel, Bestuurder
- NOREN Coco, Bestuurder
Summary:
v3.2
06-02-2025 Change in the board of directors
Summary:
v3.2
2024
05-07-2024 2 directors appointed
2023
24-11-2023 Change in the board of directors
Summary:
v3.2
2021
14-09-2021 2 directors appointed, 2 reappointed
- Beatrix BUSSE, Bestuurder
- Coco Jeanette Victoria Mi-Hwa NORÉN, Bestuurder
- Daniel DONOGHUE, Bestuurder
- Luca VERZICHELLI, Bestuurder
Summary:
v3.2
09-04-2021 2 directors appointed, 1 resigning, 2 reappointed
- Cláudia Margarida Gonçalves Cavadas, Bestuurder
- Elmer Sterken, Bestuurder
- Joaquim Ramos de Carvalho, Bestuurder
- Ludovic Thilly, Bestuurder
- Lenka Rovna, Bestuurder
Summary:
v3.2
2018
14-11-2018 2 directors appointed, 1 resigning
- Dorota Malec, Bestuurder
- Efrem Yildiz Sadak, Bestuurder
- Henri Luchian, Bestuurder
Summary:
v3.2
2017
14-08-2017 2 directors appointed, 2 resigning
- Donoghue, Daniel, Bestuurder
- Verzichelli, Luca, Bestuurder
- Kelly, Dorothy, Bestuurder
- Martin, Alessandro, Bestuurder
Summary:
v3.2
2016
13-10-2016 2 directors appointed, 2 resigning
- Monsieur Ludovic Thilly, Bestuurder
- Madame Lenka Rovna, Bestuurder
- Madame Çiğdem Kayacan, Bestuurder
- Madame Hiltraud Casper-Hehne, Bestuurder
Summary:
v3.2
2014
05-08-2014 1 director appointed, 1 resigning, 1 reappointed
- Hiltraud Casper-Hehne, Bestuurder
- Frans Zwarts, Bestuurder
- Henri Luchian, Bestuurder
Summary:
v3.2
2007
09-08-2007 3 directors appointed, 2 resigning
- Anne Lonsdale, Bestuurder
- Mar Campins Eritja, Bestuurder
- Luigi Donà dalle Rose, Bestuurder
- Roberta Maierhofer, Bestuurder
- Timothy Jones, Bestuurder
Summary:
v3.2
2006
06-11-2006 Registered office moved within Bruxelles
- Rue de Stassart 119, 1050 Bruxelles → rue d'Egmont 11, 1000 Bruxelles
Summary:
v3.2
Analysis
Snowflake analysis
financial profile on 5 axes61
/ 100
Strong profile, led by solvency.
All 5 axes are computed from data Checked has read.
Health
55
Profitability
0
Solvency
100
Growth
52
Stability
100
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verdict per customer and amountSimilar
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Company registry
Company registry (CBE)
Crossroads BankActivities
Beroepsorganisaties91120Beroepsorganisaties94120Activiteiten van beroepsorganisaties94120Verenigingen op het vlak van ontwikkelingssamenwerking94995Verenigingen op het vlak van ontwikkelingssamenwerking94995
Primary activity highlighted.
Names & trade names
| Legal nameFR | COIMBRA GROUP |
| AbbreviationFR | C.G. |
Registered office
Egmontstraat 11
1000 Brussel, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.