COPEA
InactiveCOPEA was declared bankrupt on 08-02-2024 (Ondernemingsrechtbank Leuven); the bankruptcy was closed for insufficient assets by judgment of 24-10-2024, published in the Belgian State Gazette on 30-10-2024.
No longer registered with the KBO; last annual accounts for fiscal year 2022.
Signals
Four 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 31-12-2023, 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 · 10 filingsPosition against the passed deadline
31-12-2023 close31-07-2024 deadline22-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 24-08-2023, 24 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
24 d late
2021
3 d early
2020
9 d late
2019
20 d late
← before the deadline
after the deadline →
Financials · fiscal year 2022, micro schema
Equity
€8k▼ 9.3%
2021 · €9k
2018: €29k
2019: €9k
2020: €8k
2021: €9k
2018 → 2022
Total assets
€20k▲ 0.2%
2021 · €20k
2018: €61k
2019: €20k
2020: €20k
2021: €20k
2018 → 2022
Net result
€-807▼ 37.8%
2021 · €-586
2018: €-13k
2019: €-19k
2020: €-1k
2021: €-586
2018 → 2022
Working capital
€8k▼ 9.3%
2021 · €9k
2018: €9k
2019: €9k
2020: €8k
2021: €9k
2018 → 2022
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20182019202020212022Trend
Equity€29k-€9k▼ 67.7%€8k▼ 12.0%€9k▲ 7.2%€8k▼ 9.3%
Operating result€-13k-€-40k▼ 206%€-1k▲ 97.2%€-579▲ 47.6%€-754▼ 30.2%
Net result€-13k-€-19k▼ 49.1%€-1k▲ 94.3%€-586▲ 47.0%€-807▼ 37.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €754 in 2022 against €579 in 2021; the loss grows.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Equity and liabilities €20k
Equity
€8k▼ 9.3%
Debt
€12k▲ 7.6%
The debt ratio rises from 56.2% to 60.3%. Equity is lower and debt is higher.
Key figures and ratios
Solvency
39.7%▼
2021 · 43.8%
Current ratio
1.66▼
2021 · 1.78
Quick ratio
1.66▼
2021 · 1.78
Debt / equity
1.52▲
2021 · 1.28
ROE
-10.2%▼
2021 · -6.7%
ROA
-4.1%▼
2021 · -3.0%
Debt
€12k▲
2021 · €11k
Debt ≤ 1 year
€12k▲
2021 · €11k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2022 against 2021
Balance sheet
Code20212022
Assets
Total assets20/58€20k€20k▲
Current assets29/58€20k€20k▲
Amounts receivable within one year40/41€20k€20k=
Other amounts receivable41€20k€20k=
Cash at bank and in hand54/58-€42
Equity and liabilities
Total equity and liabilities10/49€20k€20k▲
Equity10/15€9k€8k▼
Contributions10/11€19k€19k=
Outside capital11€19k€19k=
Other1109/19€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€-12k€-13k▼
Amounts payable17/49€11k€12k▲
Amounts payable within one year42/48€11k€12k▲
Financial debts43€5-
Credit institutions430/8€5-
Other amounts payable47/48€11k€12k▲
Income statement
Code20212022
Gross operating margin9900€-579€-754▼
Operating profit (loss)9901€-579€-754▼
Financial charges65/66B€6€53▲
Recurring financial charges65€6€53▲
Profit (loss) for the period before taxes9903€-586€-807▼
Profit (loss) for the period9904€-586€-807▼
Profit (loss) for the period to be appropriated9905€-586€-807▼
Appropriation of the result
Profit (loss) to be appropriated9906€-12k€-13k▼
Profit (loss) brought forward from the previous period14P€-11k€-12k▼
Timeline · acts, filings and financial milestones
2024
30-10
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Leuven · COPEA BV KLAPSTRAAT 52/12, 3071 ERPS-KWERPS · event 24-10-2024
14-02
Bankruptcy
Opening
Ondernemingsrechtbank Leuven · COPEA BV KLAPSTRAAT 52/12, 3071 ERPS-KWERPS · event 08-02-2024
2023
24-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 24 days late
2022
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
09-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 9 days late
2020
20-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 20 days late
2019
31-12
Financial
Weakest financial yearnet €-19k
Net result drops to €-19k, the lowest in the series.
08-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 8 days late
2018
16-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 16 days late
2017
03-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 3 days late
2016
26-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 26 days late
2015
17-08
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 17 days late
2014
13-08
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 13 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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
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.
Insolvency mandates
2 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | ANOUK DE VLEESHOUWER ENGELANDSTRAAT 61,
3290 DIEST |
08-02-2024 → present |
| Curator | ELS VAN ERUM ENGELAND-
STRAAT 61, 3290 DIEST |
08-02-2024 → present |