COPHA
ActiveSummary
The computed 12-month bankruptcy probability of COPHA is 3.7% (moderate). The 2025 annual accounts show equity of €80,293 and a net result of €36,511. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 93% of 13560 sector peers (fiscal year 2025). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+95
Solvency100▲+19
Growth78=
Track record100
Bankruptcy probability, 12 months
3.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €6,000 at 30 days acceptable
Liquidity ample (current ratio 6.31 against 2.02 in 2024; short-term debt: 15.8% and cash: 94.7% of total assets), and 15.8% of the assets are financed with debt.
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Signals
Seven 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
Food and beverage service activities (NACE 56)
about 206% more 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 2025Solvency, return and age of the figures
Solvency
84.2%
Return on assets
38.3%
Age of the figures
9 mo
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 · 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
19202122232425
2019 to 2025 · latest year €80,293
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 · 7 filingsDeviation from the deadline
2025
31 d late
2024
30 d late
2023
29 d late
2022
31 d late
2021
25 d late
2020
31 d late
2019
31 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 30 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 52% of the sector filed late.
Checked, nothing found (2)
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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
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Financials · fiscal year 2025, micro schema
Equity
€80,293▲ 83.4%
2024 · €43,782
Total assets
€95,367▲ 21.0%
2024 · €78,846
Net result
€36,511
2024 · -€8,383
Working capital
€80,009▲ 123%
2024 · €35,881
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€15,200€63,979▲ 321%-€4,498-€8,832▼ 96.4%€50,804
Net result€24,765€52,702▲ 113%-€5,819-€8,383▼ 44.1%€36,511
Equity€5,282€57,984▲ 998%€52,165▼ 10.0%€43,782▼ 16.1%€80,293▲ 83.4%
Total assets€45,742▲ 56.4%€97,507▲ 113%€103,138▲ 5.8%€78,846▼ 23.6%€95,367▲ 21.0%
Debt€40,460▼ 17.0%€39,523▼ 2.3%€50,973▲ 29.0%€35,064▼ 31.2%€15,074▼ 57.0%
Working capital€6,715€49,539▲ 638%€45,232▼ 8.7%€35,881▼ 20.7%€80,009▲ 123%
Staff (FTE)3.8▲ 31.0%4.4▲ 15.8%8.7▲ 97.7%9▲ 3.4%11▲ 22.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €50,804 after a loss of €8,832 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €95,367
Fixed assets
€284 ▼ 96.4%
Current assets
€95,083 ▲ 34.0%
Equity and liabilities €95,367
Equity
€80,293 ▲ 83.4%
Debt
€15,074 ▼ 57.0%
Debt's share of the balance-sheet total falls from 44.5% to 15.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€52,267▲
2024 · -€5,409
Cash flow
€37,974▲
2024 · -€4,959
Current ratio
6.31▲
2024 · 2.02
Debt to equity
0.19▼
2024 · 0.80
ROE
45.5%▲
2024 · -19.1%
ROA
38.3%▲
2024 · -10.6%
Interest coverage
26.70▲
2024 · -33.83
Debt ≤ 1 year
€15,074▼
2024 · €35,064
Income taxes
€15,580▲
2024 · €660
Staff costs
€103,806▼
2024 · €110,174
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,776 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 97% are still going.
- Small
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.5%
went bankrupt
2.6%
stopped otherwise
97%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 3.7% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 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% | 1.6% |
| 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 74% 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 6,776 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €110 | €5,323 | - | €2,960 | - |
| Remuneration, social security and pensions62 | €48,125 | €75,877 | €109,510 | €110,174 | €103,806 | ▼ 5.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,807 | €4,561 | €4,659 | €3,423 | €1,463 | ▼ 57.3% |
| Other operating charges640/8 | €842 | €1,311 | €1,231 | €1,138 | €931 | ▼ 18.2% |
| Non-recurring operating charges66A | - | - | - | - | €6,154 | - |
| Gross operating margin9900 | €68,974 | €145,728 | €110,903 | €105,903 | €163,158 | ▲ 54.1% |
| Operating profit (loss)9901 | €15,200 | €63,979 | -€4,498 | -€8,832 | €50,804 | ▲ 675% |
| Financial income75/76B | €10,574 | €6 | €429 | €1,393 | €3,521 | ▲ 153% |
| Recurring financial income75 | €74 | €6 | €429 | €758 | €534 | ▼ 29.5% |
| Non-recurring financial income76B | €10,500 | - | - | €635 | €2,986 | ▲ 370% |
| Financial charges65/66B | €893 | €1,227 | €1,631 | €283 | €2,234 | ▲ 689% |
| Recurring financial charges65 | €893 | €477 | €366 | €160 | €1,958 | ▲ 1,124% |
| Non-recurring financial charges66B | - | €750 | €1,265 | €123 | €277 | ▲ 124% |
| Profit (loss) for the period before taxes9903 | €24,882 | €62,757 | -€5,700 | -€7,723 | €52,091 | ▲ 775% |
| Income taxes67/77 | €116 | €10,055 | €119 | €660 | €15,580 | ▲ 2,260% |
| Profit (loss) for the period9904 | €24,765 | €52,702 | -€5,819 | -€8,383 | €36,511 | ▲ 536% |
| Profit (loss) for the period to be appropriated9905 | €24,765 | €52,702 | -€5,819 | -€8,383 | €36,511 | ▲ 536% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €45,742 | €97,507 | €103,138 | €78,846 | €95,367 | ▲ 21.0% |
| Fixed assets21/28 | €7,682 | €8,444 | €7,050 | €7,901 | €284 | ▼ 96.4% |
| Tangible fixed assets22/27 | €7,682 | €8,444 | €7,050 | €7,901 | €284 | ▼ 96.4% |
| Plant, machinery and equipment23 | €5,300 | €4,699 | €3,394 | €6,154 | - | - |
| Furniture and vehicles24 | €2,382 | €3,745 | €3,657 | €1,747 | €284 | ▼ 83.8% |
| Current assets29/58 | €38,059 | €89,063 | €96,087 | €70,945 | €95,083 | ▲ 34.0% |
| Amounts receivable within one year40/41 | €68 | €449 | €12,260 | €7,073 | €4,732 | ▼ 33.1% |
| Trade receivables40 | €68 | - | €8,470 | €2,896 | €4,732 | ▲ 63.4% |
| Other amounts receivable41 | - | €449 | €3,790 | €4,178 | - | - |
| Cash at bank and in hand54/58 | €35,642 | €86,440 | €83,285 | €61,919 | €90,277 | ▲ 45.8% |
| Deferred charges and accrued income490/1 | €2,350 | €2,174 | €542 | €1,953 | €74 | ▼ 96.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €45,742 | €97,507 | €103,138 | €78,846 | €95,367 | ▲ 21.0% |
| Equity10/15 | €5,282 | €57,984 | €52,165 | €43,782 | €80,293 | ▲ 83.4% |
| Contributions10/11 | €18,550 | €18,550 | €18,550 | €18,550 | €18,550 | = |
| Profit (loss) carried forward14 | -€13,268 | €39,434 | €33,615 | €25,232 | €61,743 | ▲ 145% |
| Amounts payable17/49 | €40,460 | €39,523 | €50,973 | €35,064 | €15,074 | ▼ 57.0% |
| Amounts payable after more than one year17 | €9,116 | - | - | - | - | - |
| Financial debts170/4 | €9,116 | - | - | - | - | - |
| Amounts payable within one year42/48 | €31,344 | €39,523 | €50,855 | €35,064 | €15,074 | ▼ 57.0% |
| Current portion of amounts payable after more than one year42 | €8,884 | €9,116 | - | - | - | - |
| Financial debts43 | - | €2,745 | €521 | €27 | €274 | ▲ 916% |
| Credit institutions430/8 | - | €2,745 | €521 | €27 | €274 | ▲ 916% |
| Trade debts44 | €6,529 | €4,911 | €11,702 | €11,334 | €6,866 | ▼ 39.4% |
| Suppliers440/4 | €6,529 | €4,911 | €11,702 | €11,334 | €6,866 | ▼ 39.4% |
| Taxes, remuneration and social security45 | €9,332 | €19,852 | €37,052 | €23,353 | €7,766 | ▼ 66.7% |
| Taxes450/3 | €4,806 | €13,327 | €17,562 | €9,978 | €3,180 | ▼ 68.1% |
| Remuneration and social security454/9 | €4,526 | €6,524 | €19,490 | €13,375 | €4,586 | ▼ 65.7% |
| Other amounts payable47/48 | €6,599 | €2,900 | €1,581 | €350 | €168 | ▼ 52.0% |
| Accrued charges and deferred income492/3 | - | - | €117 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €24,765 | €52,702 | -€5,819 | -€8,383 | €36,511 | ▲ 536% |
| + Depreciation and write-downs630 | €4,807 | €4,561 | €4,659 | €3,423 | €1,463 | ▼ 57.3% |
| Operating cash flow (approximation) | €29,572 | €57,263 | -€1,160 | -€4,959 | €37,974 | ▲ 866% |
| Investment in fixed assets (approximation) | - | -€5,323 | -€3,265 | -€4,274 | €6,154 | ▲ 244% |
| Change in cash | - | €50,798 | -€3,155 | -€21,366 | €28,358 | ▲ 233% |
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
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Back to profitnet €36,511
Net result €36,511 after 2 loss-making years.
31-12
Financial
Liquidity triplescurrent ratio 6.31
Current ratio from 2.02 to 6.31; short-term debt falls from €35,064 to €15,074.
30-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 30 days late
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Highest result since 2019net €52,702 ▲113%
Operating result €63,979, net result €52,702, both a record.
25-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 25 days late
2021
31-12
Financial
Back to profitnet €24,765
Net result €24,765 after 2 loss-making years.
31-12
Financial
Liquidity doublescurrent ratio 1.21
Current ratio from 0.55 to 1.21; short-term debt falls from €31,580 to €31,344.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Weakest financial yearnet -€28,895
Net result drops to -€28,895, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 acts for this company are 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, Sint-Gillis (bij-Brussel) · 2 establishment units since 2018
Ground area
120 m²
Building footprint
94 m²
Volume, LiDAR
1,304 m³
Parcel 21013B0386/00W007, Brussels · tallest building 17.6 m, ±5 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
2 establishment units
COPHA
since 20182.280.114.959
THE WILD LAB
since 20212.322.413.194
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21013B0386/00W007 | Brussels | 120 m² | 1 · 94 m² | 17.6 m · 5 fl. |
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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteSint-Gillis2.280.114.959
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Of 21,859 companies in sector 56112 we hold annual accounts for 9,779. 8,036 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
Founded31-08-2018
Fiscal year end31-12
Activities, NACEBEL 2025
56112Limited-service restaurants, excluding mobile food services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0701930206
Also
9925:BE0701930206
Registered
16-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.