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COPERNIC

Active Private limited companyfounded 1992active for 34 yearsHogebomendaal 5, 1000 BrusselsKBO/BCE: BE 0448.266.692
COPERNIC
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Overview

Lifetime

20 annual accounts with figures on one time axis, 32 filings since 1993
peak €428,583 (2009)
€204,440▲ 15.0%
lowest -€84,694 (2011)
€33,178▲ 104%
peak €615,675 (2016)
€272,738▲ 13.8%
€1.8m▼ 2.0%
peak 0.1 FTE (2006)
-not published
Board2 names since 2014
1 directorPierre NICAISE
Owners
  
Documentsfilings and deeds
17-06-202644 days before the deadline
2025micro format
Gross margin from €177,716 to €204,440Result from €16,257 to €33,178Equity from €239,560 to €272,738Cash from €1,620 to €3,024

Key points

from the 2025 annual accounts

Equity

€272,738 from €615,675 in 2016

Equity fell by 56% in 9 years.

Turnover

≈ €350,000 estimated

The micro format states no turnover.

Debts

€1.8m 84% of the balance sheet
Financial debts 87%Taxes and wages 0%Other 12%

Of this, €344,540 falls due within a year.

Investments

€27,955 0.2 × depreciation
20212022202320242025

Green is investment, beige is depreciation.

Filings

32 annual accounts since 1993
AprilJune31 JulyOctober200020102020

The last five annual accounts were filed 33 to 48 days before the end of the period.

Position in the sector

12.4%

Lower solvency than 81% of companies in head offices and management consultancy. Sector median 55.5% · 39,364 companies.

Checked score

91
Excellent
Financially stronger than 45% of small companies in head offices and management consultancy (NACE 70)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 0.1% across 4,522 companies (NACE 70, small).

About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: 0.3% 01-2025: 0.3%● unchanged vs 12-2024 02-2025: 0.3%● unchanged vs 01-2025 03-2025: 0.3%● unchanged vs 02-2025 04-2025: 0.3%● unchanged vs 03-2025 05-2025: 0.3%● unchanged vs 04-2025 06-2025: 0.3%● unchanged vs 05-2025 07-2025: 0.2%▼ -0.1 percentage points vs 06-2025 08-2025: 0.2%● unchanged vs 07-2025 09-2025: 0.2%● unchanged vs 08-2025 10-2025: 0.2%● unchanged vs 09-2025 11-2025: 0.2%● unchanged vs 10-2025 12-2025: 0.2%● unchanged vs 11-2025 01-2026: 0.2%● unchanged vs 12-2025 02-2026: 0.2%● unchanged vs 01-2026 03-2026: 0.2%● unchanged vs 02-2026 04-2026: 0.2%● unchanged vs 03-2026 05-2026: 0.2%● unchanged vs 04-2026 06-2026: 0.2%● unchanged vs 05-2026 07-2026: 0.3%▲ +0.1 percentage points vs 06-2026 08-2026: 0.6%▲ +0.3 percentage points vs 07-2026 09-2026: 0.7%▲ +0.1 percentage points vs 08-2026highest value 10-2026: 0.1%▼ -0.6 percentage points vs 09-2026lowest value 11-2026: 0.1%● unchanged vs 10-2026lowest value

Financial strength
Average

37+1equity 12.4% of total assets
47+1short-term debt 15.7% · cash 0.1%
71+1return on assets 1.5%

Score breakdown

raises risk
Liquidity: current ratio 0.84, cash €3,024
Equity €272,738 (12.4% of total assets)
lowers risk
Size: total assets €2.2m
Founded in 1992
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 70, small). It does better than 15% of them on solvency, 36% on liquidity, 59% on profitability and 69% on growth.

The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

The probability rests on the annual accounts with balance sheet date 31-12-2025.

Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

Comparable companies, two years later

In July 2024, 4,685 companies had the same profile as COPERNIC has now. Each dot stands for 12 companies, two years later.

97.0%
were still trading
1.9%
stopped another way
1.1%
went bankrupt
  • Small
  • 20 years or older
  • solvency 10 to 30%
  • a profit under 5% of the balance sheet

That fits the bankruptcy probability of COPERNIC itself: 0.1% within 12 months.

Test of the method

The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.

The companies in ten equal groups, from the lowest to the highest expected share
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 0.9%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.

This is an observation about 4,685 companies, not a prediction for COPERNIC. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.

Credit verdict

Credit of up to €24,000 on 30-day terms is acceptable

Liquidity is insufficient, with a current ratio of 0.84 (0.59 in 2024), below 1. Short-term debt is 15.7% and cash 0.1% of total assets. 87.6% of the assets are financed with debt and provisions.

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Six signals.
lowers riskraises riskneutral
lowers risk · Size: total assets €2.2m
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
raises risk · Liquidity: current ratio 0.84, cash €3,024
NBB · annual accounts
raises risk · Equity €272,738 (12.4% of total assets)
NBB · annual accounts
lowers risk · Founded in 1992
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 39364 sector peers (2025).
NBB · sector comparison
Position among 39364 sector peers
Solvency
better than 18%
← weakest strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 17-06-2026, 44 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
44 days early
2024
41 days early
2023
33 days early
2022
48 days early
2021
37 days early
2020
40 days early
2019
46 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 41 days before the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 20 June (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

PN
Pierre NICAISE
Director, since 19-11-2014
Board & ownership

Recent changes

Registered in the Peppol Directory Reachable for e-invoices through 0208:0448266692
Appointment: Pierre NICAISE (statutory director) “Dénomination; Durée; Date de l'assemblée générale; Exercice social” (deed in French) · Legal-form conversion: from private limited company (pre-2019) to private limited company · Gazette deed
Resignation: Martine DUPONT (manager) Director discharge: Martine DUPONT (manager) · General meeting of 01-06-2018 · Gazette deed
First establishment Hogebomendaal 5, Brussels
All 44 events

Comparable companies

same main activity, similar in size and age
Company
COPERNIC Brussels €2.2m €204,440 12.4% -
OVSG PLUS Brussels €2.1m €238,215 76.6% 2.3
FACE A FACE CONSULTING Uccle €2.4m €213,525 25.3% 0.5
FUND CONSULTING & MANAGEMENT Watermael-Boitsfort €2.4m €194,149 91.2% -
THEMA Ixelles €2.1m €221,670 86.0% -
PARTECK Watermael-Boitsfort €1.8m €193,367 10.7% -
JEROME COPPEE Watermael-Boitsfort €1.7m €200,751 70.1% -

These companies have the same main activity as COPERNIC: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €1.7m and €2.4m, founded between 1989 and 1996.

Official details

Source: KBO
Status
Active since 05-10-1992Normal situation
Activity
Business and other management consultancyNACE 70200
Establishment unit
2.059.124.7101000 Brussels, since 30-08-1996
Financial year end
31 December
Peppol
Reachable since 16-12-2024
Company details

Annual accounts 2025

€204,440▲ 15.0%
€33,178▲ 104%
€272,738▲ 13.8%
€2.2m▼ 0.5%
Filing
Filed on 17-06-2026, 44 days before the end of the filing period
Financials

Insights on COPERNIC

COPERNIC files the micro format. That format states no turnover. The gross margin fell from €238,547 in 2006 to €204,440 in 2025.

The balance sheet grew most from 2008 to 2009 through fixed assets, financed with long-term debt.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2025

micro format, filed on 17-06-2026, 44 days before the deadline
€204,440
▲ 15.0%
€68,913
▲ 60.2%
€187,644
▲ 16.4%
€151,908
▲ 13.0%
12.4%
▲ 1.6 percentage points
0.84
▲ 0.26

Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.

Turnover ≈ €350,000. Estimated: probably between €290,000 and €410,000.

Money flows

no detail for 2025

Balance sheet

balance sheet total €2.2m on 31-12-2025
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

Compare with sector

12.4%

Higher than 18% of 39,364 companies in 2025.

0.84

Higher than 19% of 38,048 companies in 2025.

1.5%

Higher than 23% of 38,520 companies in 2025.

COPERNIC Middle half of the sector 80% of the sector Micro accounts in head offices and management consultancy (NACE 70)

Net result: middle half · Equity: top quarter · Balance sheet total: top quarter · Working capital: bottom quarter

Staff

Staff costs divided by the average number of full-time equivalents.

people who joined people who left

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend20252024202320222021202020192018201720162015201420132012201120102009200820072006
Balance sheet: assets
20/58 2.2m2.2m2.1m2.1m2.1m2.2m2.5m2.4m2.5m2.6m2.7m2.8m3.0m3.1m3.3m3.3m4.1m2.7m2.7m2.7m
21/28 1.9m2.0m2.0m2.0m2.1m2.2m2.5m2.4m2.5m2.6m2.7m2.8m2.9m3.1m3.2m3.3m3.4m2.6m2.7m2.6m
22/27 1.9m2.0m2.0m2.0m2.1m2.2m2.5m2.4m2.5m2.6m2.7m2.8m2.9m3.1m3.2m3.3m3.4m2.6m2.7m2.6m
22 1.8m1.9m1.9m2.0m2.0m2.1m2.4m2.3m2.4m2.5m2.5m2.6m2.7m2.8m2.9m3.0m3.1m2.1m2.2m2.1m
23 58,85372,20363,11450,14246,25343,12061,60876,04295,52297,729104,278129,854181,862248,171307,370294,739339,289397,672461,087453,607
24 11,18516,48611,5738,0877,1895,9816,0267,81210,18712,56115,60822,86230,96939,54947,38758,12448,39933,91838,38546,453
28 ---------3,1603,1603,1603,1603,160---1,280--
29/58 290,828205,628119,02658,8045,83511,3984,2594,8032,3618,7278,38936,07461,42814,57535,67623,251663,899166,54422,35394,703
3 -----------------145,000--
30/36 -----------------145,000--
40/41 284,808201,301117,00942,7853,7385,0662,5482,864-4,2146,09718,4049,38312,06429,0187,874660,84917,61910,61665,141
40 6,6703,2552,88424,5673,7385,0662,5122,388-2,3646,09718,3969,38310,56829,0027,865660,84917,59910,61665,141
41 278,138198,046114,12518,218--36476-1,850-9-1,496169-20--
54/58 3,0241,62018714,360-4,276256--2,189-15,89650,2298383,68615,3775783,37011,73729,562
490/1 2,9962,7071,8291,6592,0972,0561,4551,9382,3612,3242,2911,7731,8161,6742,972-2,472555--
Balance sheet: equity and liabilities
10/49 2.2m2.2m2.1m2.1m2.1m2.2m2.5m2.4m2.5m2.6m2.7m2.8m3.0m3.1m3.3m3.3m4.1m2.7m2.7m2.7m
10/15 272,738239,560223,304173,260109,507166,66991,722264,895249,046615,675574,094581,596452,627405,501419,357504,052384,651329,146405,645416,295
10/11 50,00050,00050,00050,00050,000200,000-400,000400,000700,000700,000700,000500,000500,000500,000500,000300,000300,000300,000300,000
100 -------400,000400,000700,000700,000700,000500,000500,000500,000500,000300,000300,000300,000300,000
11 ------200,000-------------
1100/10 ------200,000-------------
13 216,991185,931179,872193,812207,752221,693235,633249,574263,514277,454291,395305,335319,276333,216347,157361,097375,037234,241243,539264,768
132 151,991165,931179,872193,812207,752221,693235,633249,574263,514277,454291,395305,335319,276333,216347,157361,097375,037234,241243,539264,768
133 65,00020,000------------------
14 5,7473,629-6,568-70,552-148,246-255,024-343,911-384,679-414,468-361,780-417,300-423,739-366,649-427,715-427,799-357,045-290,387-205,094-137,894-148,473
16 78,26485,44292,62099,799106,977114,155121,333128,511135,690142,868150,046157,224164,403171,581178,759185,937193,116120,616125,404136,335
168 78,26485,44292,62099,799106,977114,155121,333128,511135,690142,868150,046157,224164,403171,581178,759185,937193,116120,616125,404136,335
17/49 1.8m1.9m1.8m1.8m1.9m1.9m2.3m2.0m2.1m1.8m2.0m2.1m2.4m2.5m2.7m2.7m3.5m2.3m2.2m2.2m
17 1.4m1.5m1.4m1.4m1.5m1.7m1.8m1.7m1.4m1.3m1.4m1.3m1.2m1.2m1.5m1.7m1.6m1.8m885,5741.6m
170/4 1.4m1.5m1.4m1.4m1.5m1.7m1.8m1.7m1.4m1.3m1.0m799,738682,859716,8311.0m1.2m1.3m1.5m606,0561.3m
178/9 ----------350,000500,000500,000500,000500,000500,000279,518279,518279,518279,518
42/48 344,540350,630325,218321,952333,733177,022445,315218,319721,235548,747568,627753,3211.2m1.3m1.1m950,1701.9m492,0341.3m541,877
42 118,561116,576103,950102,382100,83899,31797,81996,343105,75396,25994,42492,624166,771294,426160,974158,273151,682154,8641.1m83,081
43 190,000190,000190,000190,000169,40140,000190,0003,414450,177450,000451,340450,000751,000760,185761,239751,0001.4m145,000--
430/8 190,000190,000190,000190,000169,40140,000190,0003,414450,177450,000451,340450,000751,000760,185761,239751,0001.4m145,000--
44 -4,252-25,7481,1171,6378,0533,8274,2781,5456,43119,20716,14119,34814,1458,58636,2586,6326,00652,890
440/4 -4,252-25,7481,1171,6378,0533,8274,2781,5456,43119,20716,14119,34814,1458,58636,2586,6326,00652,890
45 5,72925,80131,2683,8222,0853,6344,673-2,401-5355,01314,7877,1975,1546,56811,14214,71412,39215,536
450/3 5,72925,80131,2683,8222,0853,6344,673-2,401-5355,01314,7877,1975,1546,56811,14214,71412,39215,270
454/9 -------------------266
47/48 30,25014,000--60,29232,434144,771114,735158,62694415,898186,478208,897200,423193,87125,742251,404170,824105,018390,369
492/3 78,30868,54366,49754,06050,53747,61339,71834,80524,84311,58722,42931,46635,65030,00030,03232,40124,78116,77116,77139,010
Income statement
70 -----------------114,922109,978-
76A ----8,68523,3146,500------2,3391518,5603,946-04,620
9900 204,440177,716211,200188,126214,606209,652193,453167,99885,086193,351188,046172,748301,845249,953192,525190,060428,583200,387178,724238,547
60/61 -----------------44,52136,692-
62 ------------------273,334
630 118,730118,186103,92898,60396,279102,853136,558106,174105,719111,511143,819165,093164,127164,909166,056158,547184,873134,161133,947130,934
640/8 16,79716,51115,94014,52414,16615,04213,99213,63013,37413,13712,16912,14712,18411,52012,11414,24417,82920,7639,36832,778
66A ---------276---------50
9901 68,91343,01991,33274,999104,16191,75842,90348,195-34,00768,42632,057-4,492125,53573,52414,35517,269225,88045,46235,38171,502
75/76B 8,1684,8242,714-----5-34018273,769779143379157
75 8,1684,8242,714-----5-34018273,769779143379157
65/66B 29,01925,52928,61518,42418,50123,98923,25439,52439,80534,02446,74073,75785,60396,924110,147113,683101,887126,89257,31372,298
65 29,01925,52928,61518,42418,50123,98923,25439,52439,80534,02446,74073,75785,60396,924110,147113,683101,887126,89257,31372,298
9903 48,06222,31465,43256,57585,65967,76919,6498,671-73,80734,402-14,680-78,20939,949-21,034-91,872-87,777127,948-81,287-21,5533,931
780 7,1787,1787,1787,1787,178---------------
67/77 22,06313,23522,566-------0-2-1--56-287
9904 33,17816,25750,04463,75392,83874,94726,82715,849-66,62941,580-7,502-71,03047,125-13,856-84,694-80,59955,505-76,499-10,64914,855
789 13,94013,94013,94013,94013,94013,94013,94013,94013,94013,94013,94013,94013,94013,94013,94013,94013,9409,29821,22921,229
689 ----------------154,737---
9905 47,11830,19763,98477,694106,77888,88740,76829,790-52,68955,5216,439-57,09061,06684-70,754-66,659-85,292-67,20110,58036,084
Appropriation of the result
9906 50,74723,629-6,568-70,552-148,246-255,024-343,911-384,679-414,468-361,780-417,300-423,739-366,649-427,715-427,799-357,045-290,387-205,094-137,894-148,473
14P 3,629-6,568-70,552-148,246-255,024---------------
691/2 45,00020,000------------------
6921 45,00020,000------------------
Social balance sheet
9087 -------------------0.1
Hours worked1013 -------------------305
Document PDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDF

The accounts for 12 older financial years (1993-2005) were filed as documents without figures as data, scans for example.

The notes to these accounts have 8 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 17-06-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank
Financial year Type Filed Reference Document
31-12-2025 micro format 17-06-2026 2026-00185015 PDF
31-12-2024 micro format 20-06-2025 2025-00161705 PDF
31-12-2023 micro format 28-06-2024 2024-00178805 PDF
31-12-2022 micro format 13-06-2023 2023-00137331 PDF
31-12-2021 micro format 24-06-2022 2022-20097236 PDF
31-12-2020 micro format 21-06-2021 2021-22300531 PDF
31-12-2019 micro format 15-06-2020 2020-17100173 PDF
31-12-2018 micro format 11-06-2019 2019-17100282 PDF
31-12-2017 micro format 23-07-2018 2018-36100432 PDF
31-12-2016 full format 27-06-2017 2017-22400148 PDF
31-12-2015 full format 24-06-2016 2016-24300058 PDF
31-12-2014 full format 10-06-2015 2015-16500515 PDF
31-12-2013 full format 20-06-2014 2014-19000252 PDF
31-12-2012 full format 27-06-2013 2013-21900190 PDF
31-12-2011 full format 29-08-2012 2012-46700001 PDF
31-12-2010 full format 18-07-2011 2011-30500150 PDF
31-12-2009 full format 13-08-2010 2010-40400490 PDF
31-12-2008 full format 26-08-2009 2009-63400269 PDF
31-12-2007 full format 22-07-2008 2008-44200347 PDF
31-12-2006 full format 23-07-2007 2007-43600019 PDF
31-12-2005 full format 28-07-2006 2006-54802000 PDF
31-12-2004 full format 14-07-2005 2005-47403343 PDF
31-12-2003 full format 26-07-2004 2004-50303997 PDF
31-12-2002 full format 01-10-2003 2003-71502867 PDF
30-06-2001 full format 18-02-2002 2002-04404527 PDF
30-06-2000 full format 16-01-2001 2001-01502570 PDF
30-06-1999 full format 24-01-2000 2000-02101512 PDF
30-06-1998 full format 20-01-1999 1999-01303306 PDF
31-12-1996 full format 20-06-1997 1997-17504007 PDF
31-12-1995 full format 01-07-1996 1996-25100770 PDF
31-12-1994 full format 21-06-1995 1995-26404823 PDF
31-12-1993 full format 16-06-1994 1994-15304069 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend20252024202320222021202020192018201720162015201420132012201120102009200820072006
187,644161,205195,260173,602200,439194,611179,461154,36871,713179,938175,876160,601289,661238,433180,411175,816410,753179,624169,328202,436
151,908134,442153,972162,356189,116177,800163,385122,02339,090153,092136,31794,062211,252151,05381,36277,948240,37857,662123,298145,789
27,955149,62159,32519,06916,299-186,824217,970016,81717,59526,66920,6584,91716,71383,63039,4021.4m21,370162,373342,228
1,4041,432-14,173--4,020------34,33349,391-2,848-11,69114,799-2,792-8,367-17,825-
-53,712-145,002-206,192-263,148-327,897-165,624-441,057-213,516-718,874-540,021-560,238-717,248-1.1m-1.3m-1.1m-926,918-1.2m-325,490-1.2m-447,174
-----------------39.6%32.2%-
12.4%10.9%10.7%8.4%5.2%7.6%3.7%11.1%10.0%23.8%21.4%20.6%15.1%13.1%12.8%15.1%9.4%12.1%15.1%15.2%
0.840.590.370.180.020.060.010.020.000.020.010.050.050.010.030.020.350.340.020.17
0.840.590.370.180.020.060.010.020.000.020.010.050.050.010.030.020.350.040.020.17
6.777.867.9410.3917.2011.4324.597.518.442.973.403.585.256.246.385.279.176.905.325.24
12.2%6.8%22.4%36.8%84.8%45.0%29.2%6.0%-26.8%6.8%-1.3%-12.2%10.4%-3.4%-20.2%-16.0%14.4%-23.2%-2.6%3.6%
1.5%0.7%2.4%3.1%4.4%3.4%1.1%0.7%-2.7%1.6%-0.3%-2.5%1.6%-0.4%-2.6%-2.4%1.4%-2.8%-0.4%0.5%
6.476.316.829.4210.83---------------
-----------------56 days35 days-
-----------------54 days60 days-

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Investments

fixed assets acquired
Item20252024202320222021
Tangible fixed assets€27,955€149,621€59,325€19,069€16,299
€118,730€118,186€103,928€98,603€96,279

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Insights on COPERNIC

The operating result for 2025 is 60% higher than in 2024. It is a recovery after the fall in 2024.

Debt's share of the balance-sheet total falls from 85.3% to 84.0%. Equity is higher and debt is lower.

Board & ownership

Board

1 director, last change in 2020
Pierre NICAISE
Statutory director
since 19-11-2014 term without a fixed end
listed in the 2025 annual accounts, filed on 17-06-2026

Office holders in the KBO →

Mandates through the years

2 names, the dashed line is today
Pierre NICAISE
Statutory director
Martine DUPONT
Manager
BoardEarliermandate already running before its first mention
Mandates as a list
  • Pierre NICAISE
    • Statutory director, from 19-11-2014 to date
  • Martine DUPONT
    • Manager, until 31-12-2017

See the board, name and registered office on a given date →

Control

See the annual accounts at the National Bank and the publications in the Belgian Official Gazette.

Capital

Contribution
€50,000
Source
2025 annual accounts

Articles of association

deed of 13-02-2020 (in French)
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
Board ruleThese rules set how the board is made up, meets and takes decisions.
At least 1 director
Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
“Cession entre vifs ou transmission pour cause de mort,à peine de nullité, moitié au moins des actionnaires possédant les trois quarts au…”
“Cession d'actions entre vifs, 9 TER”
“9 QUATER, acquérir eux-mêmes les actions ou lever leur opposition”
“9 SEXIES, organe d'administration aussitôt”
Membership ruleThe articles set who can become a member or partner, and on what terms.
“Inscription dans le registre des actions, six premiers mois de l'exercice social”
“Justes motifs, trois quarts des voix présentes ou représentées”
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
1 June at 18:00

Network & group

No group

COPERNIC has no parent and no holdings in its annual accounts. Pierre NICAISE is the only director. COPERNIC shares no director with another company.

At the same address

Hogebomendaal 5, 1000 Brussels · 4 other companies
Pierre NICAISE
registered office since 12-06-2014 · founded in 2014
 total assets €2.8m (2025)
0553.757.459
P. NICAISE
registered office since 30-11-2023 · founded in 2023
 total assets €212,398 (2025)
1002.865.875
Nicaise, Pierre (sole trader)
establishment since 05-03-2019
 founded in 2019
0721.860.934
Dupont, Martine (sole trader)
establishment since 13-11-2013
 founded in 2013
0541.886.342

Timeline

Timeline

44 events since 1992

Deadline for the 2026 accounts: 31-07-2027

2026
Annual accounts 2025 filed NBBmicro format · 44 days before the deadline
2025
Annual accounts 2024 filed PDFmicro format · 41 days before the deadline
2024
Registered in the Peppol Directory Reachable for e-invoices through 0208:0448266692
Annual accounts 2023 filed PDFmicro format · 33 days before the deadline
2023
Annual accounts 2022 filed PDFmicro format · 48 days before the deadline
2022
Annual accounts 2021 filed PDFmicro format · 37 days before the deadline
2021
Highest result from 2006 to 2025 net €92,838 ▲23.9% The net result of €92,838 is the highest of those years.
Annual accounts 2020 filed PDFmicro format · 40 days before the deadline
2020
Annual accounts 2019 filed PDFmicro format · 46 days before the deadline
Appointment: Pierre NICAISE (statutory director)“Dénomination; Durée; Date de l'assemblée générale; Exercice social” (deed in French) · Legal-form conversion: from private limited company (pre-2019) to private limited company3 points ▸
  • Legal-form conversion, from private limited company (pre-2019) to private limited company
  • Purpose change, “Dénomination; Durée; Date de l'assemblée générale; Exercice social” (deed in French)
  • Director appointment, Pierre NICAISE (statutory director)
  • The deed holds 8 more points.

Open the deed in the Belgian Official Gazette

2019
Annual accounts 2018 filed PDFmicro format · 50 days before the deadline
Resignation: Martine DUPONT (manager)Director discharge: Martine DUPONT (manager) · General meeting of 01-06-20183 points ▸

Open the deed in the Belgian Official Gazette

2018
Back to profit net €15,849 The net result is €15,849, after one loss-making year.
Annual accounts 2017 filed PDFmicro format · 8 days before the deadline
2017
Annual accounts 2016 filed PDFfull format · 34 days before the deadline
2016
Back to profit net €41,580 The net result is €41,580, after 2 loss-making years.
Annual accounts 2015 filed PDFfull format · 37 days before the deadline
2015
Annual accounts 2014 filed PDFfull format · 51 days before the deadline
2014
Annual accounts 2013 filed PDFfull format · 41 days before the deadline
2013
Back to profit net €47,125 The net result is €47,125, after 3 loss-making years.
Annual accounts 2012 filed PDFfull format · 34 days before the deadline
2012
Annual accounts 2011 filed PDFfull format · 29 days late
2011
Weakest financial year net -€84,694 The net result drops to -€84,694, the lowest from 2006 to 2025. It recovers the following year.
Annual accounts 2010 filed PDFfull format · 13 days before the deadline
2010
Equity above €500,000 equity €504,052 ▲31% Equity rises from €384,651 to €504,052.
Annual accounts 2009 filed PDFfull format · 13 days late
2009
Back to profit net €55,505 The net result is €55,505, after 2 loss-making years.
Annual accounts 2008 filed PDFfull format · 26 days late
2008
Annual accounts 2007 filed PDFfull format · 9 days before the deadline
2007
Annual accounts 2006 filed PDFfull format · 8 days before the deadline
2006
Annual accounts 2005 filed PDFfull format
2005
Annual accounts 2004 filed PDFfull format
2004
Annual accounts 2003 filed PDFfull format
2003
Annual accounts 2002 filed PDFfull format
2002
Annual accounts 2001 filed PDFfull format
2001
Annual accounts 2000 filed PDFfull format
2000
Annual accounts 1999 filed PDFfull format
1999
Annual accounts 1998 filed PDFfull format
1997
Annual accounts 1996 filed PDFfull format
1996
First establishment Hogebomendaal 5, Brussels
Annual accounts 1995 filed PDFfull format
1995
Annual accounts 1994 filed PDFfull format
1994
Annual accounts 1993 filed PDFfull format
1992
Incorporation KBO

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

COPERNIC was incorporated on 5 October 1992.1 Total assets went from €2.4m in 2018 to €2.2m in 2025.2

  1. 1KBO register
  2. 2National Bank, annual accounts 2018 and 2025

Company details

Identity

Enterprise number
0448.266.692
VAT number
BE 0448.266.692
Peppol ID
0208:0448266692
Other Peppol ID
9925:BE0448266692
Legal form
Private limited company
Status
Active, normal situation
Founded
05-10-1992
Financial year
ends on 31 December
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
1 June at 18:00
deed of 13-02-2020 (in French)
Peppol
Reachable since 16-12-2024Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
COPERNIC in French
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 13-02-2020 (in French)
Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Région de Bruxelles-Capitale”
deed of 13-02-2020 (in French)

Activities

NACEBEL 2025
70200 Business and other management consultancy main activity
Codes under NACEBEL 2008
70220 Business consulting main activity
Codes under NACEBEL 2003
74142 main activity
PurposeThe purpose describes the activities the company may carry out under its articles.
“L'organisation et la promotion d'expositions,la promotion des artistes; L'exploitation de toutes galeries d'art; L'achat,la revente,le…”
6 activities
  1. L'organisation et la promotion d'expositions,la promotion des artistes
  2. L'exploitation de toutes galeries d'art
  3. L'achat,la revente,le dépôt,le courtage,l'importation et l'exportation d'oeuvres d'art
  4. La vente,la publication de tous catalogues,affiches,l'exploitation de tous moyens de communication
  5. Exercer toutes activités ou fournir tous moyens notamment dans les domaines juridiques et de l'organisation tendant à favoriser l'exercice de la profession de notaire
  6. Constitution et la gestion d'un patrimoine immobilier et la location financement de biens immeubles aux tiers,l'acquisition par l'achat ou autrement,la vente,l'échange,la construction,la transformation,l'amélioration,l'équipement,l'aménagement,l'embellissement,l'entretien,la location,la prise en location,le lotissement,la prospection et l'exploitation de biens immobiliers,ainsi que toutes opérations qui,directement ou indirectement sont en relation avec cet objet et qui sont de nature à favoriser l'accroissement et le rapport d'un patrimoine immobilier,de même que se porter caution pour la bonne fin d'engagements pris par des tiers qui auraient la jouissance de ces biens immobiliers
deed of 13-02-2020 (in French)

Registered office and establishments

1 establishment
Establishment Since Unit number
Hogebomendaal 5 registered office 1000 Brussels 68201 Renting and operating of own or leased residential real estate, excluding social housing 30-08-1996 2.059.124.710

Buildings and parcels at the address

Ground area
950 m²
Buildings
207 m²
Volume, LiDAR
1,822 m³
Tallest building
12.5 m
Buildings to scale, each on its own parcel
207 m², 12.5 m 207 m², 12.5 m

Location

registered office establishment The establishment unit on the map
5 companies at this address See who is registered here

Parcels

Cadastral parcelArea Buildings Height / floors
21822R0505/00C000950 m² 1 · 207 m² 12.5 m · 3

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