COPERTIZ
ActiveSummary
COPERTIZ has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €3.7m and a net result of €1.3m. Equity is growing by ~117% per year across the filed fiscal years. Its solvency ranks better than 76% of 143 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability100=
Solvency99▲+5
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €320,000 at 30 days acceptable
Liquidity ample (current ratio 3.98 against 3.35 in 2023; short-term debt: 22.7% and cash: 19.1% of total assets), and 26.4% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 20
Relative position
BE, all sectors
reference
Manufacture of chemicals and chemical products (NACE 20)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
73.6%
Return on assets
25.1%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 04-07-2025, 27 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
27 d early
2023
41 d early
2022
14 d early
2021
34 d early
2020
19 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 19 days before the deadline; the sector median for financial year 2024 is 22 days before the deadline, and 27% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
In the rankings
#8 company by equity in Bree, Manufacturing sector
Equity
€3.7m▲ 51.7%
2023 · €2.5m
Total assets
€5.1m▲ 42.9%
2023 · €3.5m
Net result
€1.3m▼ 35.7%
2023 · €2.0m
Working capital
€3.4m▲ 45.9%
2023 · €2.3m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 20, Manufacture of chemicals and chemical products, 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
Line20202021202220232024
Operating result€55,409-€218,775▲ 295%€149,765▼ 31.5%€2.7m▲ 1,697%€1.7m▼ 38.5%
Net result€43,943within the sector's middle half-€120,536within the sector's middle half▲ 174%€161,799within the sector's middle half▲ 34.2%€2.0mabove the sector's middle half▲ 1,122%€1.3mabove the sector's middle half▼ 35.7%
Equity€200,090within the sector's middle half-€320,626within the sector's middle half▲ 60.2%€482,425within the sector's middle half▲ 50.5%€2.5mabove the sector's middle half▲ 410%€3.7mabove the sector's middle half▲ 51.7%
Total assets€1.6mwithin the sector's middle half-€1.6mwithin the sector's middle half▲ 0.6%€2.7mwithin the sector's middle half▲ 74.2%€3.5mwithin the sector's middle half▲ 29.8%€5.1mabove the sector's middle half▲ 42.9%
Debt€1.3m-€1.2m▼ 8.2%€2.2m▲ 81.3%€1.1m▼ 51.9%€1.3m▲ 23.5%
Working capital€216,457within the sector's middle half-€312,808within the sector's middle half▲ 44.5%€347,014within the sector's middle half▲ 10.9%€2.3mabove the sector's middle half▲ 577%€3.4mabove the sector's middle half▲ 45.9%
Solvency12.8%below the sector's middle half-20.4%within the sector's middle half▲ 7.6pp17.6%below the sector's middle half▼ 2.8pp69.3%within the sector's middle half▲ 51.7pp73.6%above the sector's middle half▲ 4.2pp
Current ratio1.17below the sector's middle half-1.26within the sector's middle half▲ 0.091.16below the sector's middle half▼ 0.093.35within the sector's middle half▲ 2.193.98above the sector's middle half▲ 0.63
Return on assets (ROA)2.8%within the sector's middle half-7.7%within the sector's middle half▲ 4.9pp5.9%within the sector's middle half▼ 1.8pp55.7%above the sector's middle half▲ 49.8pp25.1%above the sector's middle half▼ 30.7pp
Staff (FTE)5.1within the sector's middle half-4.2within the sector's middle half▼ 17.6%4.4within the sector's middle half▲ 4.8%5.5within the sector's middle half▲ 25.0%7.2within the sector's middle half▲ 30.9%
above
within
below
the middle half (P25 to P75) of NACE 20, Manufacture of chemicals and chemical products, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 39% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €5.1m
Fixed assets
€494,155 ▲ 147%
Current assets
€4.6m ▲ 36.7%
Equity and liabilities €5.1m
Equity
€3.7m ▲ 51.7%
Provisions
€15,000 =
Debt
€1.3m ▲ 23.5%
Debt's share of the balance-sheet total falls from 30.3% to 26.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€1.8m▼
2023 · €2.8m
Cash flow
€1.4m▼
2023 · €2.0m
Quick ratio
2.76▲
2023 · 1.69
Debt to equity
0.36▼
2023 · 0.44
ROE
34.1%▼
2023 · 80.4%
Interest coverage
27.59▲
2023 · 20.06
Debt ≤ 1 year
€1.1m▲
2023 · €1.0m
Debt > 1 year
€174,526▲
2023 · €67,861
Income taxes
€434,108▼
2023 · €704,464
Staff costs
€259,708▼
2023 · €261,959
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,970 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.5%
went bankrupt
3.4%
stopped otherwise
95%
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 0.6% 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 26,970 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €47,200 | €1.5m | €7,000 | ▼ 99.5% |
| Remuneration, social security and pensions62 | - | €193,422 | €174,533 | €261,959 | €259,708 | ▼ 0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €115,856 | €22,913 | €38,287 | €70,686 | €105,711 | ▲ 49.6% |
| Other operating charges640/8 | - | €85,519 | €54,631 | €71,514 | €27,629 | ▼ 61.4% |
| Gross operating margin9900 | €464,574 | €520,628 | €417,216 | €3.1m | €2.0m | ▼ 33.8% |
| Operating profit (loss)9901 | €55,409 | €218,775 | €149,765 | €2.7m | €1.7m | ▼ 38.5% |
| Financial income75/76B | - | €34,321 | €114,691 | €128,100 | €114,209 | ▼ 10.8% |
| Recurring financial income75 | €40,611 | €34,321 | €114,691 | €128,100 | €114,209 | ▼ 10.8% |
| Financial charges65/66B | - | €87,485 | €65,655 | €137,673 | €63,812 | ▼ 53.6% |
| Recurring financial charges65 | €59,057 | €84,421 | €65,636 | €137,673 | €63,812 | ▼ 53.6% |
| Non-recurring financial charges66B | - | €3,064 | €19 | - | - | - |
| Profit (loss) for the period before taxes9903 | €36,964 | €165,611 | €198,802 | €2.7m | €1.7m | ▼ 36.4% |
| Income taxes67/77 | -€6,980 | €45,075 | €37,003 | €704,464 | €434,108 | ▼ 38.4% |
| Profit (loss) for the period9904 | €43,943 | €120,536 | €161,799 | €2.0m | €1.3m | ▼ 35.7% |
| Profit (loss) for the period to be appropriated9905 | €43,943 | €120,536 | €161,799 | €2.0m | €1.3m | ▼ 35.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.6m | €1.6m | €2.7m | €3.5m | €5.1m | ▲ 42.9% |
| Fixed assets21/28 | €54,116 | €35,615 | €248,281 | €199,694 | €494,155 | ▲ 147% |
| Intangible fixed assets21 | - | €3,863 | €2,134 | €404 | - | - |
| Tangible fixed assets22/27 | €53,511 | €31,147 | €245,542 | €199,053 | €493,919 | ▲ 148% |
| Plant, machinery and equipment23 | - | €12,177 | €61,264 | €56,323 | €117,573 | ▲ 109% |
| Furniture and vehicles24 | - | €3,298 | €1,979 | €2,791 | €35,169 | ▲ 1,160% |
| Leasing and similar rights25 | - | €15,672 | €182,299 | €139,939 | €288,573 | ▲ 106% |
| Other tangible fixed assets26 | - | - | - | - | €52,603 | - |
| Financial fixed assets28 | €605 | €605 | €605 | €236 | €236 | = |
| Current assets29/58 | €1.5m | €1.5m | €2.5m | €3.3m | €4.6m | ▲ 36.7% |
| Stocks and contracts in progress3 | €345,068 | €472,441 | €1.7m | €1.7m | €1.4m | ▼ 15.2% |
| Stocks30/36 | - | €472,441 | €1.7m | €1.7m | €1.4m | ▼ 15.2% |
| Amounts receivable within one year40/41 | €806,142 | €848,035 | €718,405 | €864,545 | €1.2m | ▲ 37.2% |
| Trade receivables40 | - | €628,372 | €458,291 | €638,275 | €978,601 | ▲ 53.3% |
| Other amounts receivable41 | - | €219,663 | €260,114 | €226,270 | €207,631 | ▼ 8.2% |
| Current investments50/53 | - | - | - | - | €1.0m | - |
| Cash at bank and in hand54/58 | €353,528 | €207,027 | €107,320 | €823,033 | €967,471 | ▲ 17.5% |
| Deferred charges and accrued income490/1 | - | €6,169 | €9,336 | €6,913 | €3,894 | ▼ 43.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.6m | €1.6m | €2.7m | €3.5m | €5.1m | ▲ 42.9% |
| Equity10/15 | €200,090 | €320,626 | €482,425 | €2.5m | €3.7m | ▲ 51.7% |
| Contributions10/11 | - | €12,428 | €12,428 | €12,428 | €12,428 | = |
| Reserves13 | €187,661 | €308,198 | €469,996 | €2.4m | €3.7m | ▲ 51.9% |
| Non-distributable reserves130/1 | - | €1,243 | - | - | - | - |
| Reserves not available under the articles1311 | - | €1,243 | - | - | - | - |
| Distributable reserves133 | - | €306,955 | €469,996 | €2.4m | €3.7m | ▲ 51.9% |
| Provisions and deferred taxes16 | €15,000 | €15,000 | €15,000 | €15,000 | €15,000 | = |
| Provisions for liabilities and charges160/5 | - | €15,000 | €15,000 | €15,000 | €15,000 | = |
| Other liabilities and charges164/5 | - | €15,000 | €15,000 | €15,000 | €15,000 | = |
| Amounts payable17/49 | €1.3m | €1.2m | €2.2m | €1.1m | €1.3m | ▲ 23.5% |
| Amounts payable after more than one year17 | €55,483 | €12,797 | €97,871 | €67,861 | €174,526 | ▲ 157% |
| Financial debts170/4 | - | €12,797 | €97,871 | €67,861 | €174,526 | ▲ 157% |
| Amounts payable within one year42/48 | €1.3m | €1.2m | €2.1m | €1.0m | €1.1m | ▲ 14.9% |
| Current portion of amounts payable after more than one year42 | - | €42,686 | €29,216 | €30,010 | €65,881 | ▲ 120% |
| Financial debts43 | - | €406,333 | €1.3m | - | - | - |
| Credit institutions430/8 | - | €406,333 | €1.3m | - | - | - |
| Trade debts44 | €628,422 | €674,082 | €810,241 | €490,381 | €583,126 | ▲ 18.9% |
| Suppliers440/4 | - | €674,082 | €810,241 | €490,381 | €583,126 | ▲ 18.9% |
| Taxes, remuneration and social security45 | - | €47,763 | €48,071 | €479,368 | €500,590 | ▲ 4.4% |
| Taxes450/3 | - | €43,157 | €37,721 | €449,464 | €475,720 | ▲ 5.8% |
| Remuneration and social security454/9 | - | €4,606 | €10,350 | €29,904 | €24,871 | ▼ 16.8% |
| Other amounts payable47/48 | - | €50,000 | €719 | €634 | - | - |
| Accrued charges and deferred income492/3 | - | - | - | €6,248 | €2,355 | ▼ 62.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €43,943 | €120,536 | €161,799 | €2.0m | €1.3m | ▼ 35.7% |
| + Depreciation and write-downs630 | €115,856 | €22,913 | €38,287 | €70,686 | €105,711 | ▲ 49.6% |
| Operating cash flow (approximation) | €159,799 | €143,449 | €200,086 | €2.0m | €1.4m | ▼ 32.8% |
| Investment in fixed assets (approximation) | - | -€4,412 | -€250,953 | -€22,099 | -€400,172 | ▼ 1,711% |
| Change in cash | - | -€146,501 | -€99,707 | €715,713 | €144,438 | ▼ 79.8% |
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
25-09
State Gazette act
Permanent representatives: Koen Feyaerts and Tom De CeusterAppointment: Immodec NV (non-statutory director) · Power of attorney14 facts ▸
State Gazette act
Permanent representatives: Koen Feyaerts and Tom De Ceuster
Appointment: Immodec NV (non-statutory director) · Power of attorney14 facts ▸
- General meeting, 25-06-2026
- Permanent representative, Koen Feyaerts (permanent representative)
- Director appointment, Immodec NV (non-statutory director)
- Permanent representative, Tom De Ceuster (permanent representative)
- Power of attorney
- Power of attorney, Jasper Willems
- Power of attorney, Eva Van Haudt
- Power of attorney, Otto Pieters
- Power of attorney, Maud van Hoorn
- Power of attorney, Jolien Vekemans
- Power of attorney
- Power of attorney
- +2 further facts in this act
2025
04-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
20-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2020net €2.0m ▲1,122%
Operating result €2.7m, net result €2.0m, both a record.
31-12
Financial
Liquidity triplescurrent ratio 3.35
Current ratio from 1.16 to 3.35; short-term debt falls from €2.1m to €1.0m.
31-12
Financial
Equity above €2mEq €2.5m ▲410%
4 profitable years in a row build equity to €2.5m.
17-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
19-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 19 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 3 acts read
About the unread acts
Of the 3 Belgian State Gazette acts we know for this company, 1 has been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 director, last change in 2026
Board 1
IMMODEC
CurrentNon-statutory director · since 25-06-2026 · Public limited company · perm. rep.: Tom De Ceuster
Permanent representatives 1
Tom De Ceuster
CurrentPermanent representative · since 25-06-2026 · for IMMODEC
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
2 of this company's 3 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Bree · 1 establishment unit since 2020
Ground area
5,004 m²
Building footprint
674 m²
Volume, LiDAR
6 m³
Parcel 72403A0435/00P002, Flanders · tallest building 4.4 m. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
COPERTIZ
since 20202.297.648.896
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72403A0435/00P002 | Flanders | 5,004 m² | 1 · 674 m² | 4.4 m |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Mandate history
1 person since 2026, 1 in office
- Board
| Name | Functions and periods |
|---|---|
| IMMODEC |
|
Structure & network
Owners and holdings
1 ownerOwners 1
-
39.8%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, scroll to zoom.
Public money · subsidies and aid
Flemish government
2023 to 2025 · 3 entries · 222,404 EUR awarded · 94,413 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 213,404 EUR | 85,000 EUR |
| 2024 | 1 | 9,000 EUR | 9,000 EUR |
| 2023 | 1 | 0 EUR | 413 EUR |
Recognitions · licences · registrations
Food safety, FASFC
1 siteBree2.297.648.896
Legal Entity Identifier
875500JEW0SN43A1EV12
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Of 106 companies in sector 20140 we hold annual accounts for 93. 56 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
Founded31-12-2019
Fiscal year end31-12
Activities, NACEBEL 2025
20140Manufacture of chemicals and chemical products
20150Manufacture of chemicals and chemical products
08920Other mining and quarrying
38210Materials recovery from waste
38330Waste collection, recovery and disposal activities
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0740719219
Registered
26-11-2025
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.