COPENAUT-CAI
ActiveCOPENAUT-CAI has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €36k and a net result of €4k. Equity remains stable across the filed fiscal years (±0.9% per year). Its solvency ranks better than 70% of 3619 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.5% (low).
Checked score
Score 2025
62
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability55▼-10
Solvency75▲+16
Growth51▼-1
Track record100
Bankruptcy probability, 12 months
1.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity tight (current ratio 1.39 against 1.11 in 2024; short-term debt: 42.4% of total assets), and 50% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Sector 56
higher
← 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
50%
Return on assets
5.5%
Age of the figures
9 mo
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 €36k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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
31 d late
2024
9 d early
2023
77 d late
2022
30 d late
2021
78 d late
2020
55 d late
2019
24 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€202k▼ 1.9%
2024 · €206k
2018: €151k
2019: €200k
2020: €192k
2021: €163k
2022: €181k
2023: €224k
2024: €206k
2018 → 2025
EBIT margin
1.1%▼ 0.5pp
2024 · 1.6%
2018: 14.7%
2019: 16.8%
2020: 18.8%
2021: 6.2%
2022: -10.5%
2023: -7.8%
2024: 1.6%
2018 → 2025
Net result
€4k▲ 774%
2024 · €452
2018: €20k
2019: €25k
2020: €27k
2021: €7k
2022: €-28k
2023: €-17k
2024: €452
2018 → 2025
Working capital
€12k▲ 108%
2024 · €6k
2018: €37k
2019: €34k
2020: €51k
2021: €56k
2022: €15k
2023: €2k
2024: €6k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€163k-€181k▲ 11.1%€224k▲ 24.0%€206k▼ 8.0%€202k▼ 1.9%
Equity€77k-€49k▼ 36.5%€32k▼ 35.5%€32k▲ 1.4%€36k▲ 12.3%
Operating result€10k-€-19k€-17k▲ 7.8%€3k€2k▼ 32.4%
Net result€7k-€-28k€-17k▲ 38.1%€452€4k▲ 774%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 32% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €72k
Fixed assets
€30k▼ 16.3%
Current assets
€42k▼ 26.5%
Equity and liabilities €72k
Equity
€36k▲ 12.3%
Debt
€36k▼ 41.0%
The debt ratio falls from 65.5% to 50.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€11k▼
2024 · €19k
Cash flow
€13k▼
2024 · €16k
Solvency
50.0%▲
2024 · 34.5%
Current ratio
1.39▲
2024 · 1.11
Quick ratio
0.94▲
2024 · 0.73
Debt / equity
1.00▼
2024 · 1.90
ROE
10.9%▲
2024 · 1.4%
ROA
5.5%▲
2024 · 0.5%
Interest coverage
4.28▼
2024 · 7.05
Debt
€36k▼
2024 · €61k
Debt ≤ 1 year
€31k▼
2024 · €52k
Debt > 1 year
€5k▼
2024 · €9k
Income taxes
€168▼
2024 · €230
Staff costs
€8k▲
2024 · €8k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€93k€72k▼
Fixed assets21/28€36k€30k▼
Tangible fixed assets22/27€35k€30k▼
Plant, machinery and equipment23€33k€26k▼
Furniture and vehicles24€3k€4k▲
Financial fixed assets28€50€50=
Current assets29/58€58k€42k▼
Stocks and contracts in progress3€20k€14k▼
Stocks30/36€20k€14k▼
Amounts receivable within one year40/41€36k€28k▼
Other amounts receivable41€36k€28k▼
Cash at bank and in hand54/58€2k-
Deferred charges and accrued income490/1-€361
Equity and liabilities
Total equity and liabilities10/49€93k€72k▼
Equity10/15€32k€36k▲
Contributions10/11€20k€20k=
Reserves13€52k€52k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€50k€50k=
Profit (loss) carried forward14€-40k€-36k▲
Amounts payable17/49€61k€36k▼
Amounts payable after more than one year17€9k€5k▼
Financial debts170/4€9k€5k▼
Amounts payable within one year42/48€52k€31k▼
Current portion of amounts payable after more than one year42€3k€4k▲
Financial debts43€7k€455▼
Credit institutions430/8€7k€455▼
Trade debts44€18k€3k▼
Suppliers440/4€18k€3k▼
Taxes, remuneration and social security45€21k€22k▲
Taxes450/3€21k€22k▲
Remuneration and social security454/9€780€419▼
Other amounts payable47/48€1k€1k=
Income statement
Code20242025
Turnover70€206k€202k▼
Non-recurring operating income76A-€2k
Goods, raw materials, services and sundry goods60/61€176k€183k▲
Remuneration, social security and pensions62€8k€8k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€16k€9k▼
Other operating charges640/8€3k€2k▼
Gross operating margin9900€30k€21k▼
Operating profit (loss)9901€3k€2k▼
Financial income75/76B€36€4k▲
Recurring financial income75€36€73▲
Non-recurring financial income76B-€4k
Financial charges65/66B€3k€3k▼
Recurring financial charges65€3k€3k▼
Profit (loss) for the period before taxes9903€682€4k▲
Income taxes67/77€230€168▼
Profit (loss) for the period9904€452€4k▲
Profit (loss) for the period to be appropriated9905€452€4k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-40k€-36k▲
Profit (loss) brought forward from the previous period14P€-41k€-40k▲
Social balance
Average headcount (FTE)9087-1.0
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
22-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Back to profitnet €452
Net result €452 after 2 loss-making years.
16-10
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 77 days late
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 30 days late
2022
31-12
Financial
Weakest financial yearnet €-28k ▼508%
Net result drops to €-28k, the lowest in the series; recovery starts the following year.
17-10
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 78 days late
2021
24-09
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 55 days late
2020
31-12
Financial
Highest result since 2018net €27k ▲8.6%
Operating result €36k, net result €27k, both a record.
31-12
Financial
Liquidity doublescurrent ratio 2.83
Current ratio from 1.38 to 2.83; short-term debt falls from €89k to €28k.
07-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
24-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 29 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 30 days late
Financial 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
Registered office, Merbes-le-Château · 1 establishment unit since 2010
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.
Rue de Falimont(LAB) 16567 Merbes-le-ChâteauGround area
285 m²
Building footprint
350 m²
Volume, LiDAR
2,171 m³
Parcel 56038A0322/00W000, Wallonia · tallest building 11.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Le pré en bulles
since 20102.192.911.662
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 56038A0322/00W000 | Wallonia | 285 m² | 1 · 350 m² | 11.0 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteMerbes-le-Château2.192.911.662
Similar companies · same sector, comparable size
She Rolls Food Truck
BE 1014.264.167
Wemmel · Eq €36k
BIE MATIES
BE 0799.144.990
Jabbeke · Eq €36k
L'EXTRA FRITES
BE 0889.532.362
Tournai · Eq €36k
CAMI DELICES
BE 0895.924.959
Brussel · Eq €36k
Het Koffekoekske
BE 0684.848.308
Schilde · Eq €36k
Of 21,904 companies in sector 56112 we hold annual accounts for 9,781. 8,450 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded21-10-2010
Fiscal year end31-12
Activities, NACEBEL
56101Full-service restaurants
56102Limited-service restaurants
56111Full-service restaurants
56112Limited-service restaurants, excluding mobile food services
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.