COPAN
ActiveFinancials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 01-06-2026 PDF all 3 filings
Equity
€1.0m▼ 0.5%
2024 · €1.0m
Total assets
€1.0m▼ 42.9%
2024 · €1.8m
Net result
-€4,840▼ 11.0%
2024 · -€4,361
Working capital
€142,477▼ 84.5%
2024 · €919,294
Multi-year overview
2023 to 2025, 3 financial yearsOperating result
-€5,361
▼ 1.6%
2025
20232025
Net result
-€4,840
▼ 11.0%
2025
20232025
Equity
€1.0m
▼ 0.5%
2025
20232025
Total assets
€1.0m
▼ 42.9%
2025
20232025
Debt
€29,413
▼ 96.4%
2025
20232025
Working capital
€142,477
▼ 84.5%
2025
20232025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line202320242025
Operating result-€0.006m--€0.005m▲ 13.0%-€0.005m▼ 1.6%
Net result€0.02m--€0.004m-€0.005m▼ 11.0%
Equity€1.0m-€1.0m▼ 0.4%€1.0m▼ 0.5%
Total assets€1.8m-€1.8m▲ 3.5%€1.0m▼ 42.9%
Debt€0.7m-€0.8m▲ 8.9%€0.03m▼ 96.4%
Working capital€0.8m-€0.9m▲ 21.1%€0.1m▼ 84.5%
The operating result for 2025 is a loss of €5,361, larger than the loss of €5,274 in 2024.
Turnover and EBIT margin are not published. The abbreviated format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.0m
Fixed assets
€900,000 =
Current assets
€144,292 ▼ 84.5%
Equity and liabilities €1.0m
Equity
€1.0m ▼ 0.5%
Debt
€29,413 ▼ 96.4%
Debt's share of the balance-sheet total falls from 44.2% to 2.8%. Equity and debt are lower.
Key figures and ratios
Current ratio
79.50▼
2024 · 97.37
Debt to equity
0.03▼
2024 · 0.79
ROE
-0.5%▼
2024 · -0.4%
ROA
-0.5%▼
2024 · -0.2%
Debt ≤ 1 year
€1,815▼
2024 · €9,539
Debt > 1 year
€27,598▼
2024 · €799,575
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2023 | 2024 | 2025 |
|---|---|---|---|
| Financial fixed assets | €1.0m | - | - |
| Depreciation and write-downs of the year | €3,481 | €0 | - |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,481 | €0 | - | - |
| Other operating charges640/8 | €300 | €341 | €1,243 | ▲ 265% |
| Gross operating margin9900 | -€2,284 | -€4,933 | -€4,118 | ▲ 16.5% |
| Operating profit (loss)9901 | -€6,065 | -€5,274 | -€5,361 | ▼ 1.6% |
| Financial income75/76B | €38,212 | €30,531 | €28,164 | ▼ 7.8% |
| Recurring financial income75 | €38,212 | €30,531 | €28,164 | ▼ 7.8% |
| Financial charges65/66B | €39 | €29,619 | €27,643 | ▼ 6.7% |
| Recurring financial charges65 | €39 | €29,619 | €27,643 | ▼ 6.7% |
| Profit (loss) for the period before taxes9903 | €32,107 | -€4,361 | -€4,840 | ▼ 11.0% |
| Income taxes67/77 | €8,027 | €0 | - | - |
| Profit (loss) for the period9904 | €24,080 | -€4,361 | -€4,840 | ▼ 11.0% |
| Profit (loss) for the period to be appropriated9905 | €24,080 | -€4,361 | -€4,840 | ▼ 11.0% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €1.8m | €1.8m | €1.0m | ▼ 42.9% |
| Fixed assets21/28 | €1.0m | €0.9m | €0.9m | = |
| Financial fixed assets28 | €1.0m | €0.9m | €0.9m | = |
| Current assets29/58 | €0.8m | €0.9m | €0.1m | ▼ 84.5% |
| Amounts receivable after more than one year29 | €0.7m | €0.9m | €0.1m | ▼ 88.9% |
| Other amounts receivable291 | €0.7m | €0.9m | €0.1m | ▼ 88.9% |
| Amounts receivable within one year40/41 | €0.04m | €0.03m | €0 | ▼ 100% |
| Other amounts receivable41 | €0.04m | €0.03m | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €0.006m | €0.003m | €0.02m | ▲ 510% |
| Deferred charges and accrued income490/1 | - | - | €0.03m | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €1.8m | €1.8m | €1.0m | ▼ 42.9% |
| Equity10/15 | €1.0m | €1.0m | €1.0m | ▼ 0.5% |
| Contributions10/11 | €1.0m | €1.0m | €1.0m | = |
| Capital10 | €1.0m | €1.0m | €1.0m | = |
| Issued capital100 | €1.0m | €1.0m | €1.0m | = |
| Reserves13 | €0.02m | €0.02m | €0.01m | ▼ 24.5% |
| Distributable reserves133 | €0.02m | €0.02m | €0.01m | ▼ 24.5% |
| Amounts payable17/49 | €0.7m | €0.8m | €0.03m | ▼ 96.4% |
| Amounts payable after more than one year17 | €0.7m | €0.8m | €0.03m | ▼ 96.5% |
| Other amounts payable178/9 | €0.7m | €0.8m | €0.03m | ▼ 96.5% |
| Amounts payable within one year42/48 | €0.008m | €0.01m | €0.002m | ▼ 81.0% |
| Trade debts44 | - | €0.002m | €0.002m | ▲ 20.0% |
| Suppliers440/4 | - | €0.002m | €0.002m | ▲ 20.0% |
| Taxes, remuneration and social security45 | €0.008m | €0.008m | €0 | ▼ 100% |
| Taxes450/3 | €0.008m | €0.008m | €0 | ▼ 100% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €24,080 | -€4,361 | -€4,840 | ▼ 11.0% |
| + Depreciation and write-downs630 | €3,481 | €0 | - | - |
| Operating cash flow (approximation) | €27,562 | -€4,361 | -€4,840 | ▼ 11.0% |
| Investment in fixed assets (approximation) | - | €100,000 | €0 | ▼ 100% |
| Change in cash | - | -€3,805 | €13,483 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.