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Copex

Dissolution or liquidation
Private limited companyfounded 2018Parklaan 46, 2300 Turnhout, BelgiumKBO/BCE: BE 0699.587.556
CopexDissolution or liquidation

Financials · financial year 2025, abbreviated format

Annual accounts 2025 filed on 15-07-2026 at the NBB all 7 filings

Equity
-€509,046▼ 189%
2024 · -€175,866
Total assets
€475,061▼ 76.4%
2024 · €2.0m
Net result
-€333,179▼ 62.2%
2024 · -€205,407
Working capital
-€518,816▼ 133%
2024 · -€222,508
Trend over the years

2021 to 2025, 5 financial years 2019 to 2025, 7 financial years

The operating result for 2025 is a loss of €331,075, larger than the loss of €201,594 in 2024. It is the lowest result since 2021.

Operating result-€0.3m 2025 Net result-€0.3m 2025

Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.

Use the arrow keys on the chart for the figures per year.

The sector band is the middle half of the companies in Wholesale trade (NACE 46). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio, return on assets (ROA) and staff (FTE).

Every figure with its change against the financial year before
favourable unfavourable
Line2019202020212022202320242025
Operating result€0.03m--€0.009m€0.1m€0.03m▼ 81.5%-€0.1m-€0.2m▼ 87.8%-€0.3m▼ 64.2%
Net result€0.02m--€0.01mbelow the sector's middle half€0.1mwithin the sector's middle half€0.01mwithin the sector's middle half▼ 87.9%-€0.1mbelow the sector's middle half-€0.2mbelow the sector's middle half▼ 81.8%-€0.3mbelow the sector's middle half▼ 62.2%
Equity€0.04m-€0.03mbelow the sector's middle half▼ 30.2%€0.1mbelow the sector's middle half▲ 367%€0.1mbelow the sector's middle half▲ 9.5%€0.03mbelow the sector's middle half▼ 79.3%-€0.2mbelow the sector's middle half-€0.5mbelow the sector's middle half▼ 189%
Total assets€0.7m-€1.0mwithin the sector's middle half▲ 51.1%€1.7mwithin the sector's middle half▲ 65.2%€2.0mwithin the sector's middle half▲ 17.9%€2.3mwithin the sector's middle half▲ 15.6%€2.0mwithin the sector's middle half▼ 12.9%€0.5mwithin the sector's middle half▼ 76.4%
Debt€0.6m-€1.0m▲ 56.2%€1.6m▲ 56.8%€1.9m▲ 18.6%€2.3m▲ 22.9%€2.2m▼ 4.1%€1.0m▼ 55.0%
Working capital€0.04m-€0.02mbelow the sector's middle half▼ 50.9%€0.05mbelow the sector's middle half▲ 167%€0.07mwithin the sector's middle half▲ 39.7%-€0.03mbelow the sector's middle half-€0.2mbelow the sector's middle half▼ 786%-€0.5mbelow the sector's middle half▼ 133%
Solvency5.9%-2.7%below the sector's middle half▼ 3.2pp7.7%below the sector's middle half▲ 5.0pp7.1%below the sector's middle half▼ 0.5pp1.3%below the sector's middle half▼ 5.8pp-8.7%below the sector's middle half▼ 10.0pp-107.2%below the sector's middle half▼ 98.4pp
Current ratio1.06-1.02below the sector's middle half▼ 0.041.03below the sector's middle half▲ 0.011.04below the sector's middle half▲ 0.010.99below the sector's middle half▼ 0.050.90below the sector's middle half▼ 0.090.47below the sector's middle half▼ 0.43
Return on assets (ROA)2.6%--1.2%below the sector's middle half▼ 3.8pp6.0%within the sector's middle half▲ 7.2pp0.6%below the sector's middle half▼ 5.4pp-4.9%below the sector's middle half▼ 5.5pp-10.2%below the sector's middle half▼ 5.3pp-70.1%below the sector's middle half▼ 59.9pp
Staff (FTE)1.5-2.1within the sector's middle half▲ 40.0%3.1within the sector's middle half▲ 47.6%3.8within the sector's middle half▲ 22.6%3.4within the sector's middle half▼ 10.5%3.4within the sector's middle half=0.9below the sector's middle half▼ 73.5%
above within below The sector band is the middle half of the companies in Wholesale trade (NACE 46). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin are not published. The abbreviated format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €475,061
Fixed assets €9,771 ▼ 79.1%
Current assets €465,290 ▼ 76.3%
Equity and liabilities
Equity-€509,046
Debt€984,107
Equity is negative. Debt (€984,107) exceeds the balance-sheet total (€475,061).
Key figures and ratios
2025 value · change against 2024
EBITDA
-€328,299▼
2024 · -€182,401
Cash flow
-€330,403▼
2024 · -€186,215
Quick ratio
0.44▲
2024 · 0.18
Interest coverage
-144.47▼
2024 · -53.95
Debt ≤ 1 year
€984,107▼
2024 · €2.2m
Income taxes
€42▼
2024 · €474
Staff costs
€105,340▼
2024 · €312,852
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Subsidies and aid

Flemish government

2024 · 1 entry · €203 awarded · €203 paid
Schemes
1 entry · €203 · €203 paid · Fonds voor Innoveren en Ondernemen
Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 46 lines

Source: Annual accounts 2025 at the NBB, filed on 15-07-2026.

Balance sheet Code20242025
Assets
Total assets20/58€2.0m€0.5m▼
Fixed assets21/28€0.05m€0.01m▼
Tangible fixed assets22/27€0.05m€0.01m▼
Plant, machinery and equipment23€0.03m-
Furniture and vehicles24€0.01m€0.01m▼
Current assets29/58€2.0m€0.5m▼
Stocks and contracts in progress3€1.6m€0.03m▼
Stocks30/36€1.6m€0.03m▼
Amounts receivable within one year40/41€0.3m€0.1m▼
Trade receivables40€0.3m€0.1m▼
Other amounts receivable41€0.001m€0.004m▲
Cash at bank and in hand54/58€0.1m€0.3m▲
Deferred charges and accrued income490/1€0.006m€0.004m▼
Equity and liabilities
Total equity and liabilities10/49€2.0m€0.5m▼
Equity10/15-€0.2m-€0.5m▼
Contributions10/11€0.02m€0.02m=
Reserves13€0.007m€0.007m=
Distributable reserves133€0.007m€0.007m=
Profit (loss) carried forward14-€0.2m-€0.5m▼
Amounts payable17/49€2.2m€1.0m▼
Amounts payable within one year42/48€2.2m€1.0m▼
Trade debts44€2.1m€1.0m▼
Suppliers440/4€2.1m€1.0m▼
Advances received on contracts in progress46€408-
Taxes, remuneration and social security45€0.06m€0.006m▼
Taxes450/3€0.03m€0.006m▼
Remuneration and social security454/9€0.03m-
Income statement Code20242025
Non-recurring operating income76A-€0.001m
Remuneration, social security and pensions62€0.3m€0.1m▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.02m€0.003m▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€0.003m€0.006m▲
Other operating charges640/8€0.008m€0.01m▲
Non-recurring operating charges66A€376-
Gross operating margin9900€0.1m-€0.2m▼
Operating profit (loss)9901-€0.2m-€0.3m▼
Financial income75/76B€42€210▲
Recurring financial income75€42€210▲
Financial charges65/66B€0.003m€0.002m▼
Recurring financial charges65€0.003m€0.002m▼
Profit (loss) for the period before taxes9903-€0.2m-€0.3m▼
Income taxes67/77€474€42▼
Profit (loss) for the period9904-€0.2m-€0.3m▼
Profit (loss) for the period to be appropriated9905-€0.2m-€0.3m▼
Appropriation of the result
Profit (loss) to be appropriated9906-€0.2m-€0.5m▼
Profit (loss) brought forward from the previous period14P--€0.2m
Social balance sheet
Average headcount (FTE)90873.40.9▼

The notes to these accounts have 7 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.

Line2019202020212022202320242025Change
Non-recurring operating income76A--€2,773-€2,708-€1,220-
Remuneration, social security and pensions62--€236,351€260,491€296,952€312,852€105,340▼ 66.3%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11,807€5,362€7,148€18,213€20,330€19,193€2,777▼ 85.5%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4----€3,026-€2,620€6,424-
Other operating charges640/8--€3,475€4,430€5,400€8,294€9,513▲ 14.7%
Non-recurring operating charges66A-----€376--
Gross operating margin9900€239,944€180,916€383,913€308,463€218,346€136,500-€207,021-
Operating profit (loss)9901€28,389-€8,525€136,938€25,331-€107,361-€201,594-€331,075▼ 64.2%
Financial income75/76B--€52€155€61€42€210▲ 400%
Recurring financial income75€160€183€52€155€61€42€210▲ 400%
Financial charges65/66B--€3,028€3,986€4,796€3,381€2,272▼ 32.8%
Recurring financial charges65€3,004€2,572€3,028€3,986€4,796€3,381€2,272▼ 32.8%
Profit (loss) for the period before taxes9903€25,544-€10,914€133,962€21,500-€112,096-€204,933-€333,137▼ 62.6%
Income taxes67/77€8,015€1,125€31,709€9,139€867€474€42▼ 91.1%
Profit (loss) for the period9904€17,529-€12,039€102,253€12,360-€112,962-€205,407-€333,179▼ 62.2%
Profit (loss) for the period to be appropriated9905€17,529-€12,039€102,253€12,360-€112,962-€205,407-€333,179▼ 62.2%
Line2019202020212022202320242025Change
Assets
Total assets20/58€0.7m€1.0m€1.7m€2.0m€2.3m€2.0m€0.5m▼ 76.4%
Fixed assets21/28€0.008m€0.01m€0.08m€0.07m€0.05m€0.05m€0.01m▼ 79.1%
Tangible fixed assets22/27€0.008m€0.01m€0.08m€0.07m€0.05m€0.05m€0.01m▼ 79.1%
Plant, machinery and equipment23--€0.08m€0.07m€0.05m€0.03m--
Furniture and vehicles24--€0.003m€0.009m€0.006m€0.01m€0.01m▼ 32.7%
Current assets29/58€0.7m€1.0m€1.6m€1.9m€2.3m€2.0m€0.5m▼ 76.3%
Stocks and contracts in progress3€0.3m€0.5m€0.9m€1.5m€1.6m€1.6m€0.03m▼ 97.8%
Stocks30/36--€0.9m€1.5m€1.6m€1.6m€0.03m▼ 97.8%
Amounts receivable within one year40/41€0.09m€0.09m€0.2m€0.3m€0.3m€0.3m€0.1m▼ 47.0%
Trade receivables40--€0.2m€0.2m€0.3m€0.3m€0.1m▼ 48.4%
Other amounts receivable41--€460€0.07m€0.03m€0.001m€0.004m▲ 575%
Cash at bank and in hand54/58€0.3m€0.4m€0.6m€0.1m€0.3m€0.1m€0.3m▲ 118%
Deferred charges and accrued income490/1--€0.005m€0.009m€0.009m€0.006m€0.004m▼ 38.1%
Equity and liabilities
Total equity and liabilities10/49€0.7m€1.0m€1.7m€2.0m€2.3m€2.0m€0.5m▼ 76.4%
Equity10/15€0.04m€0.03m€0.1m€0.1m€0.03m-€0.2m-€0.5m▼ 189%
Contributions10/11€0.02m-€0.02m€0.02m€0.02m€0.02m€0.02m=
Reserves13€0.02m€0.005m€0.1m€0.1m€0.007m€0.007m€0.007m=
Non-distributable reserves130/1--€0.002m€0.002m----
Reserves not available under the articles1311--€0.002m€0.002m----
Distributable reserves133--€0.1m€0.1m€0.007m€0.007m€0.007m=
Profit (loss) carried forward14------€0.2m-€0.5m▼ 162%
Amounts payable17/49€0.6m€1.0m€1.6m€1.9m€2.3m€2.2m€1.0m▼ 55.0%
Amounts payable within one year42/48€0.6m€1.0m€1.6m€1.9m€2.3m€2.2m€1.0m▼ 55.0%
Trade debts44€0.6m€1.0m€1.5m€1.8m€2.2m€2.1m€1.0m▼ 54.1%
Suppliers440/4--€1.5m€1.8m€2.2m€2.1m€1.0m▼ 54.1%
Advances received on contracts in progress46--€0.003m€0.006m€81€408--
Taxes, remuneration and social security45--€0.1m€0.07m€0.06m€0.06m€0.006m▼ 89.0%
Taxes450/3--€0.05m€0.01m€0.02m€0.03m€0.006m▼ 75.4%
Remuneration and social security454/9--€0.05m€0.06m€0.04m€0.03m--
Other amounts payable47/48--€0.002m€34----
Line2019202020212022202320242025Change
Profit (loss) for the period9904€17,529-€12,039€102,253€12,360-€112,962-€205,407-€333,179▼ 62.2%
+ Depreciation and write-downs630€11,807€5,362€7,148€18,213€20,330€19,193€2,777▼ 85.5%
Operating cash flow (approximation)€29,336-€6,677€109,401€30,573-€92,633-€186,215-€330,403▼ 77.4%
Investment in fixed assets (approximation)--€7,312-€79,144-€11,376€0-€11,182€34,094-
Change in cash-€44,055€192,457-€418,825€150,429-€166,551€157,316-

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

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Filings with the National Bank (7)
Financial year Type Filed Reference Document
31-12-2025 abbreviated format 15-07-2026 2026-00294261 NBB
31-12-2024 abbreviated format 23-07-2025 2025-00296458 PDF
31-12-2023 abbreviated format 11-07-2024 2024-00233694 PDF
31-12-2022 abbreviated format 27-06-2023 2023-00160157 PDF
31-12-2021 abbreviated format 11-07-2022 2022-20167506 PDF
31-12-2020 abbreviated format 30-06-2021 2021-26900510 PDF
31-12-2019 abbreviated format 09-07-2020 2020-28400560 PDF