COPAL HOLDING
InactiveInactive; last annual accounts for fiscal year 2022.
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 30-11-2023, 3 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 7 filingsPosition against the passed deadline
30-11-2023 close30-06-2024 deadline30-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 30-11-2022 was due by 30-06-2023 and was filed on 13-05-2023, 48 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
48 d early
2021
44 d early
2020
49 d early
2019
31 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 4 accounts on average 43 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
Financials · fiscal year 2022, full schema
Turnover
€1.3m▼ 13.8%
2019 · €1.5m
EBIT margin
37.7%▼ 0.5pp
2019 · 38.2%
Net result
€18.0m▼ 84.6%
2021 · €116.8m
Working capital
-€681,690▲ 97.2%
2021 · -€24.7m
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
Line20182019202020212022
Turnover€1.6m-€1.5m=€1.3m▼ 13.8%
Operating result€570,382-€591,397▲ 3.7%€502,965▼ 15.0%€18,101▼ 96.4%-€19,951
Net result€7.8m--€1.4m-€211,298▲ 84.9%€116.8m€18.0m▼ 84.6%
EBIT margin36.8%-38.2%▲ 1.4pp37.7%▼ 0.5pp
Equity€137.0m-€135.6m▼ 1.0%€214.8m▲ 58.5%€306.6m▲ 42.7%€324.6m▲ 5.9%
Total assets€192.5m-€191.6m▼ 0.5%€221.0m▲ 15.3%€332.7m▲ 50.6%€325.3m▼ 2.2%
Debt€55.5m-€56.0m▲ 0.9%€6.1m▼ 89.1%€26.0m▲ 325%€684,846▼ 97.4%
Working capital€880,902-€286,504▼ 67.5%-€4.7m-€24.7m▼ 423%-€681,690▲ 97.2%
Why a figure moved sharply
- 2020 Net result +85% on 2019. This fiscal year ran 11 months, the previous one 12.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2022: a loss of €19,951 after €18,101 in 2021, the lowest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €325.3m
Fixed assets
€325.3m ▼ 2.1%
Current assets
€3,157 ▼ 99.1%
Equity and liabilities €325.3m
Equity
€324.6m ▲ 5.9%
Debt
€684,846 ▼ 97.4%
Debt's share of the balance-sheet total falls from 7.8% to 0.2%. Equity is higher and debt is lower.
Key figures and ratios
Current ratio
0.00▼
2021 · 0.01
Debt to equity
0.00▼
2021 · 0.08
ROE
5.5%▼
2021 · 38.1%
ROA
5.5%▼
2021 · 35.1%
Debt ≤ 1 year
€684,846▼
2021 · €25.0m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €23,200 | - | - |
| Turnover70 | €1.6m | €1.5m | €1.3m | - | - | - |
| Other operating income74 | - | - | - | €23,200 | - | - |
| Operating charges60/66A | - | - | - | €5,099 | €19,951 | ▲ 291% |
| Services and other goods61 | - | - | - | €4,120 | €18,921 | ▲ 359% |
| Other operating charges640/8 | - | - | - | €979 | €1,030 | ▲ 5.2% |
| Operating profit (loss)9901 | €570,382 | €591,397 | €502,965 | €18,101 | -€19,951 | ▼ 210% |
| Financial income75/76B | - | - | - | €116.8m | €18.0m | ▼ 84.6% |
| Recurring financial income75 | €9.9m | €19,482 | - | €116.8m | €18.0m | ▼ 84.6% |
| Income from financial fixed assets750 | - | - | - | €116.7m | €18.0m | ▼ 84.6% |
| Income from current assets751 | - | - | - | €50,994 | €26,722 | ▼ 47.6% |
| Financial charges65/66B | - | - | - | €864 | €3,837 | ▲ 344% |
| Recurring financial charges65 | €2.6m | €2.0m | €714,263 | €864 | €3,837 | ▲ 344% |
| Debt charges650 | €2.6m | €2.0m | €714,058 | €304 | €3,203 | ▲ 953% |
| Other financial charges652/9 | - | - | - | €560 | €634 | ▲ 13.1% |
| Profit (loss) for the period before taxes9903 | €7.8m | -€1.4m | -€211,298 | €116.8m | €18.0m | ▼ 84.6% |
| Profit (loss) for the period9904 | €7.8m | -€1.4m | -€211,298 | €116.8m | €18.0m | ▼ 84.6% |
| Profit (loss) for the period to be appropriated9905 | €7.8m | -€1.4m | -€211,298 | €116.8m | €18.0m | ▼ 84.6% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €192.5m | €191.6m | €221.0m | €332.7m | €325.3m | ▼ 2.2% |
| Fixed assets21/28 | €191.2m | €191.2m | €220.6m | €332.3m | €325.3m | ▼ 2.1% |
| Financial fixed assets28 | €191.2m | €191.2m | €220.6m | €332.3m | €325.3m | ▼ 2.1% |
| Affiliated companies280/1 | - | - | - | €332.3m | €325.3m | ▼ 2.1% |
| Participating interests280 | - | - | - | €325.3m | €325.3m | = |
| Amounts receivable281 | - | - | - | €7.0m | - | - |
| Current assets29/58 | €1.3m | €383,460 | €390,803 | €339,803 | €3,157 | ▼ 99.1% |
| Amounts receivable within one year40/41 | €152,656 | €236,388 | €324,078 | €201,501 | €3,157 | ▼ 98.4% |
| Other amounts receivable41 | - | - | - | €201,501 | €3,157 | ▼ 98.4% |
| Cash at bank and in hand54/58 | €185,773 | €145,943 | €66,724 | €108,339 | - | - |
| Deferred charges and accrued income490/1 | - | - | - | €29,963 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €192.5m | €191.6m | €221.0m | €332.7m | €325.3m | ▼ 2.2% |
| Equity10/15 | €137.0m | €135.6m | €214.8m | €306.6m | €324.6m | ▲ 5.9% |
| Contributions10/11 | €129.3m | €129.3m | €213.8m | €213.9m | €213.9m | = |
| Capital10 | - | - | - | €213.8m | €213.8m | = |
| Issued capital100 | - | - | - | €213.8m | €213.8m | = |
| Outside capital11 | - | - | - | €127,225 | €127,225 | = |
| Share premium1100/10 | - | - | - | €127,225 | €127,225 | = |
| Reserves13 | €390,502 | €390,502 | €390,502 | €6.2m | €7.1m | ▲ 14.4% |
| Non-distributable reserves130/1 | - | - | - | €6.2m | €7.1m | ▲ 14.4% |
| Legal reserve130 | - | - | - | €6.2m | €7.1m | ▲ 14.4% |
| Profit (loss) carried forward14 | €7.2m | €5.8m | €546,862 | €86.5m | €103.6m | ▲ 19.8% |
| Amounts payable17/49 | €55.5m | €56.0m | €6.1m | €26.0m | €684,846 | ▼ 97.4% |
| Amounts payable after more than one year17 | €55.1m | €55.9m | €1.0m | €1.0m | - | - |
| Financial debts170/4 | - | - | - | €1.0m | - | - |
| Other loans174 | - | - | - | €1.0m | - | - |
| Amounts payable within one year42/48 | €415,084 | €96,957 | €5.1m | €25.0m | €684,846 | ▼ 97.3% |
| Financial debts43 | - | - | - | - | €668,833 | - |
| Credit institutions430/8 | - | - | - | - | €668,833 | - |
| Trade debts44 | €114,568 | €96,473 | €99,871 | €4,853 | €16,014 | ▲ 230% |
| Suppliers440/4 | - | - | - | €4,853 | €16,014 | ▲ 230% |
| Other amounts payable47/48 | - | - | - | €25.0m | - | - |
| Accrued charges and deferred income492/3 | - | - | - | €19,574 | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €7.8m | -€1.4m | -€211,298 | €116.8m | €18.0m | ▼ 84.6% |
| Operating cash flow (approximation) | €7.8m | -€1.4m | -€211,298 | €116.8m | €18.0m | ▼ 84.6% |
| Investment in fixed assets (approximation) | - | €0 | -€29.4m | -€111.8m | €7.0m | ▲ 106% |
| Change in cash | - | -€39,830 | -€79,219 | €41,615 | - | - |
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
2023
13-05
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
17-05
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
30-11
Financial
Back to profitnet €116.8m
Net result €116.8m after 2 loss-making years.
30-11
Financial
Equity above €250mEq €306.6m ▲42.7%
Equity rises from €214.8m to €306.6m.
12-05
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Weakest financial yearnet -€1.4m
Net result drops to -€1.4m, the lowest in the series.
25-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
25-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
24-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 25 acts read
About the unread acts
We know of 25 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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Structure & network
Owners and holdings
1 owner · 1 holding · 4 subsidiaries in the treeChain of control
- COPAL INVEST
- COPAL HOLDING
Highest known parent: COPAL INVEST. The sources do not say who stands above it.
Owners 1
- COPAL INVESTparent100%
Holdings 1
-
100%
All subsidiaries, including indirect ones 4
Companies in which this company or one of its subsidiaries holds more than half, or which it consolidates according to the LEI register.
CID LINES 100%3 subsidiaries
- Cid Lines ooo 100%
- Cid Lines spzoo 100%
- Meratech Rus group ooo 100%
According to the annual accounts to 30-11-2022 of COPAL HOLDING and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Recognitions · licences · registrations
Legal Entity Identifier
549300N3ZEGVZTTUVS64