COPARFIM
ActiveSummary
COPARFIM has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €4.0m and a net result of -€104,488. Equity remains stable across the filed fiscal years (±1.1% per year). Its solvency ranks better than 75% of 4814 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability24=
Solvency89▼-3
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €240,000 at 30 days acceptable
Liquidity short (current ratio 0.07 against 0.84 in 2023; short-term debt: 33% and cash: 2.1% of total assets), and 35.9% of the assets are financed with debt.
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Signals
Seven 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 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← 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
64.1%
Return on assets
-1.7%
Age of the figures
21 mo
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €4.0m
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-06-2025, 32 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
32 d early
2023
31 d early
2022
34 d early
2021
32 d early
2020
58 d early
2019
49 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 39 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€104,488▼ 166%
2023 · -€39,263
Working capital
-€1.9m▼ 787%
2023 · -€216,080
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result-€150,478▼ 268%-€73,084▲ 51.4%€447,905-€6,158€26,166
Net result-€45,635below the sector's middle half▲ 17.0%-€42,597below the sector's middle half▲ 6.7%€247,751above the sector's middle half-€39,263below the sector's middle half-€104,488below the sector's middle half▼ 166%
Equity€3.0mabove the sector's middle half▼ 1.6%€3.0mabove the sector's middle half▼ 1.4%€3.1mabove the sector's middle half▲ 6.4%€3.1mabove the sector's middle half▼ 1.2%€4.0mabove the sector's middle half▲ 28.8%
Total assets€3.6mwithin the sector's middle half▼ 6.1%€3.4mwithin the sector's middle half▼ 6.2%€3.6mwithin the sector's middle half▲ 4.5%€4.6mwithin the sector's middle half▲ 30.0%€6.2mwithin the sector's middle half▲ 35.1%
Debt€609,393▼ 23.6%€426,429▼ 30.0%€243,638▼ 42.9%€1.3m▲ 453%€2.1m▲ 54.4%
Working capital€1.1m▼ 7.4%€1.0m▼ 4.1%€650,057▼ 36.6%-€216,080-€1.9m▼ 787%
Solvency82.6%above the sector's middle half▲ 3.8pp86.9%above the sector's middle half▲ 4.3pp88.4%above the sector's middle half▲ 1.5pp67.2%above the sector's middle half▼ 21.2pp64.1%within the sector's middle half▼ 3.1pp
Staff (FTE)1within the sector's middle half=0below the sector's middle half▼ 100%
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €26,166 after a loss of €6,158 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €6.2m
Fixed assets
€6.1m ▲ 73.6%
Current assets
€141,242 ▼ 87.3%
Equity and liabilities €6.2m
Equity
€4.0m ▲ 28.8%
Provisions
€160,071 ▼ 4.9%
Debt
€2.1m ▲ 54.4%
Debt's share of the balance-sheet total rises from 29.2% to 33.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€121,698▲
2023 · €50,958
Cash flow
-€8,956▼
2023 · €17,853
Current ratio
0.07▼
2023 · 0.84
Debt to equity
0.52▲
2023 · 0.43
ROE
-2.6%▼
2023 · -1.3%
ROA
-1.7%▼
2023 · -0.8%
Interest coverage
0.88▲
2023 · 0.72
Debt ≤ 1 year
€2.1m▲
2023 · €1.3m
Debt > 1 year
€18,480=
2023 · €18,480
Income taxes
€532▼
2023 · €1,173
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 825 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 96% are still going.
- Medium-sized
- 20 years or older
- solvency 30% or more
- a small loss
0.6%
went bankrupt
2.8%
stopped otherwise
96%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 825 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €39,500 | €660,263 | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €84,596 | €68,840 | €65,670 | €102,130 | ▲ 55.5% |
| Remuneration, social security and pensions62 | - | €358 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €156,145 | €147,320 | €104,451 | €57,116 | €95,532 | ▲ 67.3% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | - | -€3,250 | - |
| Other operating charges640/8 | - | €19,939 | €5,287 | €6,276 | €6,269 | ▼ 0.1% |
| Non-recurring operating charges66A | - | - | €209,215 | - | - | - |
| Gross operating margin9900 | €84,929 | €94,533 | €766,858 | €57,234 | €124,717 | ▲ 118% |
| Operating profit (loss)9901 | -€150,478 | -€73,084 | €447,905 | -€6,158 | €26,166 | ▲ 525% |
| Financial income75/76B | - | €46,750 | €65,700 | €38,623 | €3,954 | ▼ 89.8% |
| Recurring financial income75 | €177,284 | €46,750 | €65,700 | €38,623 | €3,954 | ▼ 89.8% |
| Financial charges65/66B | - | €11,399 | €114,883 | €70,555 | €139,078 | ▲ 97.1% |
| Recurring financial charges65 | €46,548 | €11,399 | €114,883 | €70,555 | €139,078 | ▲ 97.1% |
| Profit (loss) for the period before taxes9903 | -€19,742 | -€37,733 | €398,722 | -€38,090 | -€108,958 | ▼ 186% |
| Transfer from deferred taxes780 | - | €839 | €16,787 | - | €5,002 | - |
| Transfer to deferred taxes680 | - | - | €165,073 | - | - | - |
| Income taxes67/77 | €26,792 | €5,703 | €2,685 | €1,173 | €532 | ▼ 54.6% |
| Profit (loss) for the period9904 | -€45,635 | -€42,597 | €247,751 | -€39,263 | -€104,488 | ▼ 166% |
| Transfer from tax-exempt reserves789 | - | €3,357 | €47,050 | - | €15,005 | - |
| Transfer to tax-exempt reserves689 | - | - | €495,220 | - | - | - |
| Profit (loss) for the period to be appropriated9905 | -€42,038 | -€39,240 | -€200,419 | -€39,263 | -€89,483 | ▼ 128% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.6m | €3.4m | €3.6m | €4.6m | €6.2m | ▲ 35.1% |
| Formation expenses20 | €1,154 | €577 | €0 | - | €975 | - |
| Fixed assets21/28 | €2.3m | €2.2m | €2.8m | €3.5m | €6.1m | ▲ 73.6% |
| Intangible fixed assets21 | €200,199 | €101,081 | €582 | €182 | - | - |
| Tangible fixed assets22/27 | €684,508 | €639,737 | €1.3m | €2.1m | €4.6m | ▲ 126% |
| Land and buildings22 | - | €589,085 | €1.3m | €2.0m | €4.6m | ▲ 127% |
| Plant, machinery and equipment23 | - | €50,652 | - | - | - | - |
| Furniture and vehicles24 | - | - | €17,775 | €14,145 | €10,805 | ▼ 23.6% |
| Financial fixed assets28 | €1.5m | €1.5m | €1.5m | €1.5m | €1.5m | = |
| Current assets29/58 | €1.3m | €1.2m | €779,228 | €1.1m | €141,242 | ▼ 87.3% |
| Amounts receivable within one year40/41 | €20,698 | €16,282 | €16,008 | €10,003 | €1,316 | ▼ 86.8% |
| Trade receivables40 | - | €14,871 | €9,271 | €4,675 | €1,310 | ▼ 72.0% |
| Other amounts receivable41 | - | €1,411 | €6,737 | €5,328 | €6 | ▼ 99.9% |
| Current investments50/53 | €807,096 | €833,255 | €686,881 | €795,218 | €1,766 | ▼ 99.8% |
| Cash at bank and in hand54/58 | €450,153 | €358,252 | €75,220 | €301,042 | €133,268 | ▼ 55.7% |
| Deferred charges and accrued income490/1 | - | €1,153 | €1,119 | €2,358 | €4,892 | ▲ 107% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.6m | €3.4m | €3.6m | €4.6m | €6.2m | ▲ 35.1% |
| Equity10/15 | €3.0m | €3.0m | €3.1m | €3.1m | €4.0m | ▲ 28.8% |
| Contributions10/11 | €105,746 | €105,746 | €105,746 | €105,746 | €1.1m | ▲ 946% |
| Capital10 | - | €105,746 | €105,746 | €105,746 | €139,795 | ▲ 32.2% |
| Issued capital100 | - | €105,746 | €105,746 | €105,746 | €139,795 | ▲ 32.2% |
| Outside capital11 | - | - | - | - | €965,951 | - |
| Share premium1100/10 | - | - | - | - | €965,951 | - |
| Reserves13 | €80,983 | €77,625 | €525,795 | €525,795 | €510,790 | ▼ 2.9% |
| Non-distributable reserves130/1 | - | €10,575 | €10,575 | €10,575 | €10,575 | = |
| Legal reserve130 | - | €10,575 | €10,575 | €10,575 | €10,575 | = |
| Tax-exempt reserves132 | - | €47,050 | €495,220 | €495,220 | €480,215 | ▼ 3.0% |
| Distributable reserves133 | - | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Profit (loss) carried forward14 | €2.8m | €2.7m | €2.5m | €2.5m | €2.4m | ▼ 3.6% |
| Investment grants15 | - | €58,999 | - | - | - | - |
| Provisions and deferred taxes16 | €20,877 | €20,037 | €168,323 | €168,323 | €160,071 | ▼ 4.9% |
| Provisions for liabilities and charges160/5 | - | €3,250 | €3,250 | €3,250 | - | - |
| Pensions and similar obligations160 | - | €3,250 | €3,250 | €3,250 | - | - |
| Deferred taxes168 | - | €16,787 | €165,073 | €165,073 | €160,071 | ▼ 3.0% |
| Amounts payable17/49 | €609,393 | €426,429 | €243,638 | €1.3m | €2.1m | ▲ 54.4% |
| Amounts payable after more than one year17 | €389,997 | €237,177 | €114,096 | €18,480 | €18,480 | = |
| Financial debts170/4 | - | €237,177 | €108,816 | - | - | - |
| Other amounts payable178/9 | - | - | €5,280 | €18,480 | €18,480 | = |
| Amounts payable within one year42/48 | €219,396 | €183,211 | €129,171 | €1.3m | €2.1m | ▲ 55.4% |
| Current portion of amounts payable after more than one year42 | - | €152,820 | €128,361 | €108,816 | - | - |
| Trade debts44 | €4,377 | €32 | €475 | €691 | €3,428 | ▲ 396% |
| Suppliers440/4 | - | €32 | €475 | €691 | €3,428 | ▲ 396% |
| Taxes, remuneration and social security45 | - | €359 | €335 | €284 | - | - |
| Taxes450/3 | - | €359 | €335 | €284 | - | - |
| Other amounts payable47/48 | - | €30,000 | - | €1.2m | €2.1m | ▲ 69.1% |
| Accrued charges and deferred income492/3 | - | €6,041 | €371 | €4,985 | €4,818 | ▼ 3.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€45,635 | -€42,597 | €247,751 | -€39,263 | -€104,488 | ▼ 166% |
| + Depreciation and write-downs630 | €156,145 | €147,320 | €104,451 | €57,116 | €95,532 | ▲ 67.3% |
| Operating cash flow (approximation) | €110,510 | €104,723 | €352,202 | €17,853 | -€8,956 | ▼ 150% |
| Investment in fixed assets (approximation) | - | -€3,271 | -€688,990 | -€792,988 | -€2.7m | ▼ 238% |
| Change in cash | - | -€91,901 | -€283,032 | €225,822 | -€167,774 | ▼ 174% |
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
2025
29-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Weakest financial yearnet -€104,488
Net result drops to -€104,488, the lowest in the series.
30-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
27-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Back to profitnet €247,751
Net result €247,751 after 3 loss-making years.
29-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
03-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
12-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
24-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
19-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
21-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
27-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 14 acts read
About the unread acts
We know of 14 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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Directors · office · real estate
Directors
14 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Namur · 1 establishment unit since 1994
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.
Av. du Bourg. Jean Materne(JB) 143-1455100 Namur1 establishment unit
COPARFIM
since 19942.065.455.642
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2024 list no shareholders, and no other source names one.
Holdings 1
- COFRABELFRSourceown accounts 20240.97%
According to the 2024 annual accounts of COPARFIM 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.
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Of 9,146 companies in sector 68201 we hold annual accounts for 6,775. 3,454 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded27-10-1993
Fiscal year end31-12
Activities, NACEBEL 2025
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
Contact
Website
www.buro-namur.beNamur
Phone
081/32.60.00Namur
E-invoicing
Reachable via Peppol
Peppol ID
0208:0451485213
Also
9925:BE0451485213
Registered
05-01-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.