Copex
Dissolution or liquidationThe KBO register currently lists the legal status of Copex as dissolution or liquidation, with no start date. Dissolved on 27-08-2026, in liquidation; liquidator: Heylen, Michael Renaat Hendrika Joanna.
Summary
The 2025 annual accounts show negative equity (-€509,046) and a net result of -€333,179.
Financials · financial year 2025, abbreviated format
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 stays negative: a loss of €331,075 in 2025 against €201,594 in 2024; the loss grows and 2025 has the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result-€0.3m
2025
Net result-€0.3m
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€0.5m
2025
Equity-€0.5m
2025
Debt€1.0m
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€0.5m
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)-70.1%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency-107.2%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio0.47
2025
Average staff in full-time equivalents (FTE).
Staff (FTE)0.9
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 46, Wholesale trade: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), 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 middle half of NACE 46, Wholesale trade: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin 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
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
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| 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% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| 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 | - | - | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| 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 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (7)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | abbreviated format | 15-07-2026 | 2026-00294261 |
| 31-12-2024 | abbreviated format | 23-07-2025 | 2025-00296458 |
| 31-12-2023 | abbreviated format | 11-07-2024 | 2024-00233694 |
| 31-12-2022 | abbreviated format | 27-06-2023 | 2023-00160157 |
| 31-12-2021 | abbreviated format | 11-07-2022 | 2022-20167506 |
| 31-12-2020 | abbreviated format | 30-06-2021 | 2021-26900510 |
| 31-12-2019 | abbreviated format | 09-07-2020 | 2020-28400560 |
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Of the 1,111 active companies whose main activity is agents in the wholesale of timber and building materials (NACE 46130), figures are known for 661. 120 are within a factor 10 of this headcount. These 5 are the closest to it. See the whole sector
Subsidies and aid
Flemish government
2024 · 1 entry · €203 awarded · €203 paidPublic contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.