COPELLETS
InactiveInactive; last annual accounts for fiscal year 2025. Dissolved without liquidation on 01-07-2025.
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €-107k
neutral · Latest accounts filed on time
The financial year that closed on 17-12-2025 was due by 17-07-2026 and was filed on 09-07-2026, 8 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
8 d early
2024
27 d early
2023
5 d early
2022
31 d late
2021
3 d early
2020
15 d early
2019
27 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-27k▼ 85.1%
2024 · €-14k
2018: €39
2019: €-1k▼ -3459% vs 2018
2020: €4k▲ +371% vs 2019highest in 8 years
2021: €1k▼ -59.6% vs 2020
2022: €-64k▼ -4570% vs 2021lowest in 8 years
2023: €-54k▲ +16.5% vs 2022
2024: €-14k▲ +73.0% vs 2023
2025: €-27k▼ -85.1% vs 2024
2018 → 2025
Working capital
€-110k▼ 31.3%
2024 · €-84k
2018: €55khighest in 8 years
2019: €47k▼ -15.2% vs 2018
2020: €30k▼ -35.4% vs 2019
2021: €43k▲ +42.8% vs 2020
2022: €-18k▼ -142% vs 2021
2023: €-70k▼ -282% vs 2022
2024: €-84k▼ -19.8% vs 2023
2025: €-110k▼ -31.3% vs 2024lowest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€52k-€-12k€-66k▼ 450%€-80k▼ 22.1%€-107k▼ 33.5%
2021: €52khighest in 5 years
2022: €-12k▼ -123% vs 2021
2023: €-66k▼ -450% vs 2022
2024: €-80k▼ -22.1% vs 2023
2025: €-107k▼ -33.5% vs 2024lowest in 5 years
Operating result€6k-€-63k€-52k▲ 16.5%€-25k▲ 52.0%€-26k▼ 4.9%
2021: €6khighest in 5 years
2022: €-63k▼ -1227% vs 2021lowest in 5 years
2023: €-52k▲ +16.5% vs 2022
2024: €-25k▲ +52.0% vs 2023
2025: €-26k▼ -4.9% vs 2024
Net result€1k-€-64k€-54k▲ 16.5%€-14k▲ 73.0%€-27k▼ 85.1%
2021: €1khighest in 5 years
2022: €-64k▼ -4570% vs 2021lowest in 5 years
2023: €-54k▲ +16.5% vs 2022
2024: €-14k▲ +73.0% vs 2023
2025: €-27k▼ -85.1% vs 2024
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €26k in 2025 against €25k in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €6k
Fixed assets
€4k ▼ 11.9%
Current assets
€2k ▼ 88.2%
Key figures and ratios
EBITDA
€-26k▼
2024 · €-24k
Cash flow
€-26k▼
2024 · €-14k
Current ratio
0.02▼
2024 · 0.17
Debt to equity
-1.05▲
2024 · -1.26
ROA
-476.1%▼
2024 · -68.5%
Interest coverage
-57.09▼
2024 · -23.72
Debt
€112k▲
2024 · €101k
Debt ≤ 1 year
€112k▲
2024 · €101k
Staff costs
€33k▼
2024 · €37k
A ratio outside any meaningful range has been withheld (balance sheet total €6k, equity €-107k).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 43 lines
Balance sheet
Code20242025
Assets
Total assets20/58€21k€6k▼
Fixed assets21/28€4k€4k▼
Tangible fixed assets22/27€1k€618▼
Plant, machinery and equipment23€81€0▼
Furniture and vehicles24€815€511▼
Other tangible fixed assets26€213€106▼
Financial fixed assets28€3k€3k=
Current assets29/58€17k€2k▼
Amounts receivable within one year40/41€3k€1k▼
Trade receivables40€3k€861▼
Other amounts receivable41-€248
Cash at bank and in hand54/58€14k€904▼
Equity and liabilities
Total equity and liabilities10/49€21k€6k▼
Equity10/15€-80k€-107k▼
Contributions10/11€25k€25k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€-107k€-134k▼
Amounts payable17/49€101k€112k▲
Amounts payable within one year42/48€101k€112k▲
Trade debts44€2k€8k▲
Suppliers440/4€2k€8k▲
Taxes, remuneration and social security45€8k€14k▲
Taxes450/3€2k€0▼
Remuneration and social security454/9€7k€14k▲
Other amounts payable47/48€90k€90k=
Income statement
Code20242025
Remuneration, social security and pensions62€37k€33k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€678€491▼
Other operating charges640/8€525€11▼
Gross operating margin9900€13k€8k▼
Operating profit (loss)9901€-25k€-26k▼
Financial income75/76B€12k-
Recurring financial income75€0-
Non-recurring financial income76B€12k-
Financial charges65/66B€1k€453▼
Recurring financial charges65€1k€453▼
Profit (loss) for the period before taxes9903€-14k€-27k▼
Profit (loss) for the period9904€-14k€-27k▼
Profit (loss) for the period to be appropriated9905€-14k€-27k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-107k€-134k▼
Profit (loss) brought forward from the previous period14P€-93k€-107k▼
Social balance
Average headcount (FTE)90871.00.4▼
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €37k | €33k | €36k | €37k | €33k | ▼ 9.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2k | €2k | €2k | €678 | €491 | ▼ 27.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €47k | - | - | - |
| Other operating charges640/8 | €5k | €659 | €696 | €525 | €11 | ▼ 97.8% |
| Gross operating margin9900 | €50k | €-27k | €34k | €13k | €8k | ▼ 41.9% |
| Operating profit (loss)9901 | €6k | €-63k | €-52k | €-25k | €-26k | ▼ 4.9% |
| Financial income75/76B | €56 | €20 | €4 | €12k | - | - |
| Recurring financial income75 | €56 | €20 | €4 | €0 | - | - |
| Non-recurring financial income76B | - | - | - | €12k | - | - |
| Financial charges65/66B | €4k | €2k | €1k | €1k | €453 | ▼ 56.0% |
| Recurring financial charges65 | €4k | €2k | €1k | €1k | €453 | ▼ 56.0% |
| Profit (loss) for the period before taxes9903 | €2k | €-64k | €-54k | €-14k | €-27k | ▼ 85.1% |
| Income taxes67/77 | €227 | - | - | - | - | - |
| Profit (loss) for the period9904 | €1k | €-64k | €-54k | €-14k | €-27k | ▼ 85.1% |
| Profit (loss) for the period to be appropriated9905 | €1k | €-64k | €-54k | €-14k | €-27k | ▼ 85.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €143k | €111k | €72k | €21k | €6k | ▼ 73.4% |
| Fixed assets21/28 | €9k | €6k | €5k | €4k | €4k | ▼ 11.9% |
| Tangible fixed assets22/27 | €6k | €3k | €2k | €1k | €618 | ▼ 44.3% |
| Plant, machinery and equipment23 | €3k | €2k | - | €81 | €0 | ▼ 100% |
| Furniture and vehicles24 | €2k | €1k | €1k | €815 | €511 | ▼ 37.3% |
| Other tangible fixed assets26 | €913 | €679 | €446 | €213 | €106 | ▼ 50.0% |
| Financial fixed assets28 | €3k | €3k | €3k | €3k | €3k | = |
| Current assets29/58 | €134k | €105k | €67k | €17k | €2k | ▼ 88.2% |
| Stocks and contracts in progress3 | €130k | €98k | €36k | - | - | - |
| Stocks30/36 | €130k | €98k | €36k | - | - | - |
| Amounts receivable within one year40/41 | €3k | €174 | €7k | €3k | €1k | ▼ 68.0% |
| Trade receivables40 | €3k | €174 | €7k | €3k | €861 | ▼ 75.2% |
| Other amounts receivable41 | - | - | - | - | €248 | - |
| Cash at bank and in hand54/58 | €1k | €7k | €25k | €14k | €904 | ▼ 93.3% |
| Deferred charges and accrued income490/1 | €302 | - | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €143k | €111k | €72k | €21k | €6k | ▼ 73.4% |
| Equity10/15 | €52k | €-12k | €-66k | €-80k | €-107k | ▼ 33.5% |
| Contributions10/11 | €25k | €25k | €25k | €25k | €25k | = |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €25k | €-39k | €-93k | €-107k | €-134k | ▼ 25.0% |
| Amounts payable17/49 | €91k | €123k | €137k | €101k | €112k | ▲ 11.2% |
| Amounts payable within one year42/48 | €91k | €123k | €137k | €101k | €112k | ▲ 11.2% |
| Financial debts43 | €7k | €4k | - | - | - | - |
| Credit institutions430/8 | €7k | €4k | - | - | - | - |
| Trade debts44 | €5k | €21k | €40k | €2k | €8k | ▲ 225% |
| Suppliers440/4 | €5k | €21k | €40k | €2k | €8k | ▲ 225% |
| Taxes, remuneration and social security45 | €7k | €9k | €6k | €8k | €14k | ▲ 71.0% |
| Taxes450/3 | €3k | €2k | €2k | €2k | €0 | ▼ 100% |
| Remuneration and social security454/9 | €4k | €7k | €4k | €7k | €14k | ▲ 116% |
| Other amounts payable47/48 | €72k | €89k | €90k | €90k | €90k | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1k | €-64k | €-54k | €-14k | €-27k | ▼ 85.1% |
| + Depreciation and write-downs630 | €2k | €2k | €2k | €678 | €491 | ▼ 27.6% |
| Operating cash flow (approximation) | €4k | €-62k | €-51k | €-14k | €-26k | ▼ 90.7% |
| Investment in fixed assets (approximation) | - | €0 | €-660 | €-81 | €0 | ▲ 100% |
| Change in cash | - | €6k | €18k | €-11k | €-13k | ▼ 13.8% |
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
2026
09-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
14-01
State Gazette act
Restructuring · End & cessationMerger · Dissolution · Accounting effect8 facts ▸
State Gazette act
Restructuring · End & cessation
Merger · Dissolution · Accounting effect8 facts ▸
- General meeting, 17-12-2025
- Merger, absorption, 01-07-2025
- Dissolution, 01-07-2025
- Accounting effect, 01-07-2025
- Power of attorney, MENCONI Christophe
- Merger project, 18-09-2025
- Share attribution, none
- Accounts preparation, 2025-01-01 to 2025-06-30
2025
04-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
26-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Weakest financial yearnet €-64k
Net result drops to €-64k, the lowest in the series.
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
16-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €4k
Net result €4k after one loss-making year.
27-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 27 days late
2019
23-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 23 days late
2018
24-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
13-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 5 acts read
About the unread acts
Of the 5 Belgian State Gazette acts we know for this company, 1 has been read. The other 4 have not been read yet: what they contain is neither established nor disproved here.
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Structure & network
Acquisitions and mergers
1 transactionTaken over by:MCH TOITURE