Age45 yrs
Real estate2 parcels · 721 m²
Summary
Conclusion
the dossier summarised in one paragraphA bankruptcy procedure is open for Copa Cinco 5 according to publications in the Belgian State Gazette. The 2024 annual accounts show negative equity (€-129k) and a net result of €-37k.
Based on the State Gazette, CBE and 6 annual accounts.
Bankruptcy probability (12 mo)
Checked model v1 · free for everyoneBankruptcy opened
A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.
Insolvency timeline
1 events18-12-2024
Bankruptcy
Opening
Signals
1 signal · with evidenceNegative equity
Equity is negative for financial year 2024: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).
View the annual accounts 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 30-09-2024 was due by 30-04-2025 and was filed on 05-12-2024, 146 days ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.
Filing behaviour not assessed
The register records an open bankruptcy. From that point the trustee files and the ordinary seven-month rhythm no longer governs. The register carries no start date, so we cannot tell which filings fall before it: we show the facts and do not assess the behaviour.
How we compute the deadline
This company changed its financial year: its two most recent filings do not close on the same date. Each filed year keeps its own exact deadline, but we project no following year on 30-09, because adding twelve months right after a change is unreliable. 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 30-09-2024, that is 30-04-2025.
Deadline per financial year
| Year closed | Due by | Filed | Variance | Reference |
|---|---|---|---|---|
| 30-09-2024 | 30-04-2025 | 05-12-2024 | 146 d early | 2024-00613509 |
| 31-12-2022 | 31-07-2023 | 28-09-2023 | 59 d late | 2023-00457165 |
| 31-12-2021 | 31-07-2022 | 30-08-2022 | 30 d late | 2022-20341487 |
| 31-12-2020 | 31-07-2021 | 26-08-2021 | 26 d late | 2021-53300328 |
| 31-12-2019 | 31-07-2020 | 01-09-2020 | 32 d late | 2020-48200493 |
| 31-12-2018 | 31-07-2019 | 28-08-2019 | 28 d late | 2019-52100044 |
| 31-12-2017 | 31-07-2018 | 27-09-2018 | 58 d late | 2018-64900264 |
| 31-12-2016 | 31-07-2017 | 29-08-2017 | 29 d late | 2017-49100047 |
| 31-12-2015 | 31-07-2016 | 13-07-2016 | 18 d early | 2016-29800512 |
| 31-12-2014 | 31-07-2015 | 27-08-2015 | 27 d late | 2015-47400580 |
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 signalsRegister: open bankruptcy
The KBO register records legal situation 050 for this company. This is today's state according to the register itself; the register carries no start date.
Open bankruptcy
Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.
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.
Financials
TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€-37k-1992.7%
Working capital€-129k-39.7%
Directors1
Annual accounts & ratios
Source: NBB · 2024Annual accounts filed on 05-12-2024 with the NBB · fiscal year 2024 · micro
Sector comparison
Fiscal year 2024 · NACE 56, Food & beverage service · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | -68035.0% | 19.3% | |
| Net result | €-37k | €4k | |
| Equity | €-129k | €14k | |
| Gross operating margin | €10k | €52k | |
| Staff costs | €45k | €49k |
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).
P5
Stable position over 2020-2024
· n=1436-5650
P8
Weakening position over 2020-2024
· n=1428-5638
P5
Stable position over 2020-2024
· n=1440-5662
P23
Weakening position over 2020-2024
· n=1422-5624
Describes the position versus peers, not a forecast.
€6k
-
18-24
€-37k
-1992.7%
18-24
€-178k
+3.0%
18-24
€190
+29.0%
18-24
€-129k
-39.7%
18-24
€-129k
-39.7%
18-24
3
-
18-24
€45k
-
18-24
Show 8 other metrics
€130k
+39.7%
18-24
€130k
+39.7%
18-24
0.00
-7.6%
18-24
0.00
-7.6%
18-24
-68035.0%
-8.2%
18-24
-1.00
0.0%
18-24
28.4%
+1398.1%
18-24
-19331.3%
-1521.6%
18-24
Figures by fiscal year
| Fiscal year | 2024 |
|---|---|
| Deposit | micro |
| Revenue | - |
| EBITDA | - |
| Net profit | €-37k |
| Cash flow | - |
| Staff costs | €45k |
| Income taxes | - |
| Dividends | - |
| Total assets | €190 |
| Equity | €-129k |
| Debt | €130k |
| of which ≤ 1y | €130k |
| of which > 1y | - |
| Working capital | €-129k |
| Employees (FTE) | 3.0 |
Ratios (computed)
| 2024 | |
|---|---|
| Current ratio | 0.00 |
| Quick ratio | 0.00 |
| Working capital ratio | -68035.0% |
| Solvency | -68035.0% |
| Debt / equity | -1.00 |
| Long-term debt ratio | - |
| Interest coverage | - |
| Gross margin | - |
| Net margin | - |
| ROA | -19331.3% |
| ROE | 28.4% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Full annual accounts (19 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €190 |
| Current assets | 29/58 | €190 |
| Amounts receivable within one year | 40/41 | €80 |
| Cash & bank | 54/58 | €110 |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €190 |
| Equity | 10/15 | €-129k |
| Contributions / capital | 10/11 | €19k |
| Reserves | 13 | €59k |
| Accumulated profits (losses) | 14 | €-207k |
| Amounts payable | 17/49 | €130k |
| Amounts payable within one year | 42/48 | €130k |
| Trade debts payable within one year | 44 | €52k |
| Income statement | ||
| Gross operating margin | 9900 | €10k |
| Operating result | 9901 | €-36k |
| Financial income | 75 | €11 |
| Financial charges | 65 | €578 |
| Result before taxes | 9903 | €-37k |
| Net result for the period | 9904 | €-37k |
| Result to be appropriated | 9905 | €-37k |
This table shows the latest fiscal year. 4 prior years, with figures and ratios, belong to a paid plan.
See plans →
Ratios computed by Checked.
Health barometer
FY 2024 · computed0
/ 100
Critical
Computed from 4 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.
See plans →Computed by Checked from the NBB filing for FY 2024 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.
Directors
Directors & mandates
Not yet read from the acts
4 acts for this company are in the Belgian State Gazette, of which we have read 0. This is therefore not a statement about the company: we have not extracted its directors from those acts yet.
Insolvency mandates
1 mandate| Role | Name | Tenure | Source |
|---|---|---|---|
| Curator | HEIDI DE CAUWER HOUTEN SCHOEN 14, 9100 SINT-
NIKLAAS |
11-12-2024 → present | Belgian State Gazette |
Legal Structure
| NACE primary | Activiteiten van eetgelegenheden met beperkte bediening, muv mobiele eetgelegenheden(56112) |
| Legal form | Private limited company(610) |
| Incorporation | 01-01-1981 |
| Status | Active |
| Postal code | 9140 |
| First BS signal | 18-12-2024 |
| Latest BS signal | 18-12-2024 |
Structure & network
Ownership & control
No ownership or control structure found in the sources.
For this we read shareholding and parent/subsidiary relations from the acts in the Belgian State Gazette, plus the board seats that legal entities hold in one another. Nothing of the sort is published for this company, which is common: most Belgian companies do not publish a shareholding structure.
1 court or liquidation mandate is on record for this company. Such a mandate is a fact about the company itself, not about a tie to another one: two bankruptcies handled by the same receiver are two separate cases. They are listed under Directors & mandates.
Locations & real estate
Registered office
on the map · from the address registerEstablishment units
1 locationcopa cinco
since 19812.021.699.239
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels2
Ground area721 m²
Buildings2
Building footprint345 m²
Volume (LiDAR)3,105 m³
Tallest building15.6 m · ±5 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.
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46025B1037/00K003 | Flanders | 540 m² | 1 · 176 m² | 10.1 m · 1 fl. |
| 46302D0594/00C000 | Flanders | 182 m² | 1 · 169 m² | 15.6 m · 5 fl. |
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Publications
Lifecycle & Insolvency Signals
1 event from the State Gazette18-12-2024
Bankruptcy
Opening
Time machine: BS events + macro context
2021-2026Macro context
2020-Q2/Q3 COVID lockdown
2022 energy crisis
2023-2024 ECB rate hikes
Legend
Bankruptcy
Interim / reorg
KBO event
Belgisch Staatsblad · acts
1 acts Address history · 1
06-12-2023
Registered-office move
All acts · 1
updated 2 years ago
2023
06-12-2023 Registered office moved to Temse
Analysis
Financial profile
5 of 5 axes measured38
/ 100
Fragile profile, watch health in particular.
All 5 axes are computed from data Checked has read.
Health
0
Profitability
100
Solvency
33
Growth
58
Stability
0
Credit advice
verdict per customer and amountSimilar
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We hold annual accounts for 2,996 of the 21,773 companies in this sector. 1,666 of them are within a factor 10 of this company's equity.
Company registry
Company registry (CBE)
Crossroads BankActivities
Eetgelegenheden met beperkte bediening56102Activiteiten van eetgelegenheden met beperkte bediening, muv mobiele eetgelegenheden56112Catering56210Catering van evenementen56210
Primary activity highlighted.
Names & trade names
| Legal nameNL | Copa Cinco 5 |
Registered office
Hermelgem 27
9140 Temse, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.