COPAVER
ActiveSummary
COPAVER has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €72,254 and a net result of €27,520. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 25% of 4613 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability50▼-23
Solvency36▼-64
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,500 at 30 days acceptable
Liquidity tight (current ratio 1.01 against 3.13 in 2024; short-term debt: 88.6% and cash: 1% of total assets), and 88.6% of the assets are financed with debt.
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Signals
Eight 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
11.4%
Return on assets
4.4%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 25% of 4613 sector peers (2025).
NBB · sector comparisonPosition among 4613 sector peers
Solvency
better than 25%
← weakest
strongest →
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €72,254
neutral · A punctual record breaks
This company filed 9 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 16-09-2026, 47 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
47 d late
2024
198 d early
2023
198 d early
2022
175 d early
2021
177 d early
2020
31 d early
2019
94 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 118 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 (2)
neutral · 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. Usually files around 4 February (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Is the workforce growing, and do people stay?Employer check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, full schema
In the rankings
#5 employer in La Bruyère
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€27,520▲ 1,248%
2024 · €2,041
Working capital
€7,505▼ 76.9%
2024 · €32,511
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
Line20212022202320242025
Operating result-€48,687-€4,286▲ 91.2%€5,254€1,113▼ 78.8%€17,041▲ 1,431%
Net result€229,325above the sector's middle half▲ 173%-€3,670within the sector's middle half€5,104within the sector's middle half€2,041within the sector's middle half▼ 60.0%€27,520within the sector's middle half▲ 1,248%
Equity€41,258below the sector's middle half€37,589below the sector's middle half▼ 8.9%€42,692below the sector's middle half▲ 13.6%€44,734below the sector's middle half▲ 4.8%€72,254below the sector's middle half▲ 61.5%
Total assets€49,126below the sector's middle half▲ 1,527%€39,286below the sector's middle half▼ 20.0%€49,916below the sector's middle half▲ 27.1%€60,034below the sector's middle half▲ 20.3%€632,485below the sector's middle half▲ 954%
Debt€7,867▼ 95.9%€1,697▼ 78.4%€7,224▲ 326%€15,301▲ 112%€560,231▲ 3,561%
Working capital€40,771within the sector's middle half€37,101within the sector's middle half▼ 9.0%€42,205within the sector's middle half▲ 13.8%€32,511within the sector's middle half▼ 23.0%€7,505within the sector's middle half▼ 76.9%
Solvency84.0%above the sector's middle half95.7%above the sector's middle half▲ 11.7pp85.5%above the sector's middle half▼ 10.2pp74.5%above the sector's middle half▼ 11.0pp11.4%below the sector's middle half▼ 63.1pp
Current ratio6.19above the sector's middle half23.03above the sector's middle half▲ 16.846.85above the sector's middle half▼ 16.183.13within the sector's middle half▼ 3.731.01within the sector's middle half▼ 2.11
Return on assets (ROA)466.8%above the sector's middle half-9.3%below the sector's middle half▼ 476.2pp10.2%above the sector's middle half▲ 19.6pp3.4%within the sector's middle half▼ 6.8pp4.4%within the sector's middle half▲ 1.0pp
Staff (FTE)21.9above the sector's middle half
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 recovers in 2025; 2025 is 1,431% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €632,485
Fixed assets
€64,761 ▲ 429%
Current assets
€567,723 ▲ 1,088%
Equity and liabilities €632,485
Equity
€72,254 ▲ 61.5%
Debt
€560,231 ▲ 3,561%
Debt's share of the balance-sheet total rises from 25.5% to 88.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€22,529▲
2024 · €1,346
Cash flow
€33,008▲
2024 · €2,275
Quick ratio
0.99▼
2024 · 3.13
Debt to equity
7.75▲
2024 · 0.34
ROE
38.1%▲
2024 · 4.6%
Interest coverage
3.05▼
2024 · 8.98
Debt ≤ 1 year
€560,218▲
2024 · €15,288
Income taxes
€8,730
Staff costs
€677,279
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 4,105 companies that looked in July 2024 the way this one looks now, 0.9% went bankrupt within 24 months and 98% are still going.
- Small
- 10 to 20 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
0.9%
went bankrupt
0.9%
stopped otherwise
98%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% 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 4,105 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | - | €677,279 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | €234 | €5,488 | ▲ 2,249% |
| Other operating charges640/8 | - | - | €94 | - | €101 | - |
| Gross operating margin9900 | -€48,601 | -€4,286 | €5,348 | €1,346 | €699,909 | ▲ 51,883% |
| Operating profit (loss)9901 | -€48,687 | -€4,286 | €5,254 | €1,113 | €17,041 | ▲ 1,431% |
| Financial income75/76B | - | €893 | - | €1,078 | €26,597 | ▲ 2,366% |
| Recurring financial income75 | €3,324 | €893 | - | €1,078 | €26,597 | ▲ 2,366% |
| Financial charges65/66B | - | €277 | €150 | €150 | €7,388 | ▲ 4,825% |
| Recurring financial charges65 | €312 | €277 | €150 | €150 | €7,388 | ▲ 4,825% |
| Profit (loss) for the period before taxes9903 | €229,325 | -€3,670 | €5,104 | €2,041 | €36,250 | ▲ 1,676% |
| Income taxes67/77 | - | - | - | - | €8,730 | - |
| Profit (loss) for the period9904 | €229,325 | -€3,670 | €5,104 | €2,041 | €27,520 | ▲ 1,248% |
| Profit (loss) for the period to be appropriated9905 | €229,325 | -€3,670 | €5,104 | €2,041 | €27,520 | ▲ 1,248% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €49,126 | €39,286 | €49,916 | €60,034 | €632,485 | ▲ 954% |
| Fixed assets21/28 | €500 | €500 | €500 | €12,236 | €64,761 | ▲ 429% |
| Tangible fixed assets22/27 | - | - | - | €11,736 | €64,261 | ▲ 448% |
| Land and buildings22 | - | - | - | €11,736 | €46,688 | ▲ 298% |
| Furniture and vehicles24 | - | - | - | - | €17,573 | - |
| Financial fixed assets28 | €500 | €500 | €500 | €500 | €500 | = |
| Current assets29/58 | €48,626 | €38,786 | €49,416 | €47,799 | €567,723 | ▲ 1,088% |
| Stocks and contracts in progress3 | - | - | - | - | €13,972 | - |
| Stocks30/36 | - | - | - | - | €13,972 | - |
| Amounts receivable within one year40/41 | €48,008 | €38,664 | €49,011 | €47,730 | €547,441 | ▲ 1,047% |
| Trade receivables40 | - | €11,979 | €38,720 | €16,335 | €14,043 | ▼ 14.0% |
| Other amounts receivable41 | - | €26,685 | €10,291 | €31,395 | €533,398 | ▲ 1,599% |
| Cash at bank and in hand54/58 | €618 | €121 | €405 | €69 | €6,311 | ▲ 9,033% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €49,126 | €39,286 | €49,916 | €60,034 | €632,485 | ▲ 954% |
| Equity10/15 | €41,258 | €37,589 | €42,692 | €44,734 | €72,254 | ▲ 61.5% |
| Contributions10/11 | €50,000 | €50,000 | €50,000 | €50,000 | €50,000 | = |
| Capital10 | - | €50,000 | €50,000 | €50,000 | €50,000 | = |
| Issued capital100 | - | €50,000 | €50,000 | €50,000 | €50,000 | = |
| Profit (loss) carried forward14 | -€8,742 | -€12,411 | -€7,308 | -€5,266 | €22,254 | ▲ 523% |
| Amounts payable17/49 | €7,867 | €1,697 | €7,224 | €15,301 | €560,231 | ▲ 3,561% |
| Amounts payable within one year42/48 | €7,855 | €1,684 | €7,211 | €15,288 | €560,218 | ▲ 3,564% |
| Trade debts44 | €7,855 | €1,684 | €3,647 | €15,288 | €483,321 | ▲ 3,061% |
| Suppliers440/4 | - | €1,684 | €3,647 | €15,288 | €483,321 | ▲ 3,061% |
| Advances received on contracts in progress46 | - | - | - | - | €10,340 | - |
| Taxes, remuneration and social security45 | - | - | - | - | €66,470 | - |
| Taxes450/3 | - | - | - | - | €14,399 | - |
| Remuneration and social security454/9 | - | - | - | - | €52,071 | - |
| Other amounts payable47/48 | - | - | €3,564 | - | €87 | - |
| Accrued charges and deferred income492/3 | - | €13 | €13 | €13 | €13 | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €229,325 | -€3,670 | €5,104 | €2,041 | €27,520 | ▲ 1,248% |
| + Depreciation and write-downs630 | - | - | - | €234 | €5,488 | ▲ 2,249% |
| Operating cash flow (approximation) | €229,325 | -€3,670 | €5,104 | €2,275 | €33,008 | ▲ 1,351% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€11,969 | -€58,014 | ▼ 385% |
| Change in cash | - | -€496 | €284 | -€336 | €6,241 | ▲ 1,958% |
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
Next filing, fiscal year 2026, expected by
2026
16-09
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 47 days late
2025
14-01
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
15-01
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Back to profitnet €5,104
Net result €5,104 after one loss-making year.
06-02
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Liquidity quadruplescurrent ratio 23.03
Current ratio from 6.19 to 23.03; short-term debt falls from €7,855 to €1,684.
04-02
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Highest result since 2018net €229,325 ▲173%
Net result €229,325, the highest in the series.
31-12
Financial
Liquidity times 392current ratio 6.19
Current ratio from 0.02 to 6.19; short-term debt falls from €191,073 to €7,855.
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Back to profitnet €83,940
Net result €83,940 after 2 loss-making years.
28-04
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
Show earlier events
2019
29-03
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
23-03
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
22-03
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 3 acts read
About the unread acts
We know of 3 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
3 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, La Bruyère · 2 establishment units since 2011
Ground area
4,176 m²
Building footprint
267 m²
Volume, LiDAR
1,846 m³
2 parcels, Wallonia · tallest building 9.8 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
COPAVER
since 20112.200.107.973
Rue Notre-Dame du Vivier(MD) 153, 5024 Namur
since 20252.369.674.960
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92036C0001/00A004 | Wallonia | 3,431 m² | 1 · 193 m² | 9.8 m · 3 fl. |
| 92083A0196/00F002 ProtectedMonument |
Wallonia | 745 m² | 1 · 74 m² | 7.6 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 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: expect extra rules on renovation or sale.
Recognitions · licences · registrations
Food safety, FASFC
1 siteNamur2.369.674.960
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Of 7,326 companies in sector 68110 we hold annual accounts for 5,390. 3,518 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded24-05-2011
Fiscal year end31-12
Activities, NACEBEL 2025
56112Limited-service restaurants, excluding mobile food services
68110Buying and selling of own real estate
E-invoicing
Reachable via Peppol
Peppol ID
0208:0836492762
Also
9925:BE0836492762
Registered
16-10-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.