COPHY
ActiveSummary
The computed 12-month bankruptcy probability of COPHY is 3.5% (moderate). The 2025 annual accounts show negative equity (-€15,626) and a net result of -€1,339. Equity is shrinking by ~23.5% per year across the filed fiscal years. The company has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
No current score
Insufficient figures
A score requires measurable solvency, liquidity and profitability. Missing figures are not a judgement about the company.
Axes · tick = 2024
Profitability-
Solvency-
Growth32=
Track record100
Bankruptcy probability, 12 months
3.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€15,626
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 08-07-2026, 23 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
23 d early
2024
166 d late
2023
531 d late
2022
897 d late
2021
423 d late
2020
89 d late
2019
122 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 315 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were 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
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€1,339
2023 · €2,141
Working capital
-€14,287=
2023 · -€14,287
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-€8,989▼ 14.3%€454€2,144▲ 372%-€1,338
Net result-€12,069▼ 46.6%€423€2,141▲ 406%-€1,339
Equity-€16,851▼ 252%-€16,428▲ 2.5%-€14,287▲ 13.0%-€14,287=-€15,626▼ 9.4%
Total assets€4,761▼ 50.3%€6,657▲ 39.8%€16,505▲ 148%€14,372▼ 12.9%
Debt€21,612▲ 50.5%€23,085▲ 6.8%€30,792▲ 33.4%€28,659▼ 6.9%€15,626▼ 45.5%
Working capital-€2,107▲ 78.1%€4,312-€14,287-€14,287=
Result per fiscal year
Operating resultNet result
The operating result is -€1,338 in 2025, compared with €2,144 in 2023. Comparable figures for the intervening years are unavailable.
Key figures and ratios
Debt to equity
-1.00▲
2024 · -2.01
Debt ≤ 1 year
€15,626▼
2024 · €28,659
Income taxes
€1
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,707 | €2,816 | €105 | - | - | - |
| Other operating charges640/8 | €1,415 | €462 | €1,500 | - | €1,041 | - |
| Non-recurring operating charges66A | - | - | €351 | - | - | - |
| Gross operating margin9900 | -€2,867 | €3,732 | €4,100 | - | -€297 | - |
| Operating profit (loss)9901 | -€8,989 | €454 | €2,144 | - | -€1,338 | - |
| Financial charges65/66B | €184 | €39 | - | - | - | - |
| Recurring financial charges65 | €184 | €39 | - | - | - | - |
| Profit (loss) for the period before taxes9903 | -€9,173 | €415 | €2,144 | - | -€1,338 | - |
| Income taxes67/77 | €2,896 | -€8 | €3 | - | €1 | - |
| Profit (loss) for the period9904 | -€12,069 | €423 | €2,141 | - | -€1,339 | - |
| Profit (loss) for the period to be appropriated9905 | -€12,069 | €423 | €2,141 | - | -€1,339 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €4,761 | €6,657 | €16,505 | €14,372 | - | - |
| Fixed assets21/28 | €2,746 | €456 | - | - | - | - |
| Tangible fixed assets22/27 | €2,746 | €456 | - | - | - | - |
| Furniture and vehicles24 | €2,746 | €456 | - | - | - | - |
| Current assets29/58 | €2,015 | €6,201 | €16,505 | €14,372 | - | - |
| Amounts receivable within one year40/41 | €883 | €5,992 | €16,352 | €13,691 | - | - |
| Trade receivables40 | €883 | €5,064 | €16,352 | €13,691 | - | - |
| Other amounts receivable41 | - | €928 | - | - | - | - |
| Cash at bank and in hand54/58 | €1,026 | €103 | €47 | €595 | - | - |
| Deferred charges and accrued income490/1 | €106 | €106 | €106 | €86 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €4,761 | €6,657 | €16,505 | €14,372 | €0 | ▼ 100% |
| Equity10/15 | -€16,851 | -€16,428 | -€14,287 | -€14,287 | -€15,626 | ▼ 9.4% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Issued capital100 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Legal reserve130 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | -€37,311 | -€36,888 | -€34,747 | -€34,747 | -€36,086 | ▼ 3.9% |
| Amounts payable17/49 | €21,612 | €23,085 | €30,792 | €28,659 | €15,626 | ▼ 45.5% |
| Amounts payable within one year42/48 | €4,122 | €1,889 | €30,792 | €28,659 | €15,626 | ▼ 45.5% |
| Current portion of amounts payable after more than one year42 | €2,627 | - | - | - | - | - |
| Trade debts44 | €1,313 | €366 | - | - | - | - |
| Suppliers440/4 | €1,313 | €366 | - | - | - | - |
| Taxes, remuneration and social security45 | €182 | €1,523 | €2,776 | €253 | - | - |
| Taxes450/3 | €182 | €1,523 | €2,776 | €253 | - | - |
| Other amounts payable47/48 | - | - | €28,016 | €28,406 | €15,626 | ▼ 45.0% |
| Accrued charges and deferred income492/3 | €17,490 | €21,196 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€12,069 | €423 | €2,141 | - | -€1,339 | - |
| + Depreciation and write-downs630 | €4,707 | €2,816 | €105 | - | - | - |
| Operating cash flow (approximation) | -€7,362 | €3,239 | €2,246 | - | -€1,339 | - |
| Investment in fixed assets (approximation) | - | -€526 | - | - | - | - |
| Change in cash | - | -€923 | -€56 | €548 | - | - |
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
08-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
13-01
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 166 days late
13-01
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 531 days late
13-01
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 897 days late
2023
27-09
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 423 days late
2022
31-12
Financial
Back to profitnet €423
Net result €423 after 3 loss-making years.
31-12
Financial
Liquidity times 7current ratio 3.28
Current ratio from 0.49 to 3.28; short-term debt falls from €4,122 to €1,889.
2021
31-12
Financial
Weakest financial yearnet -€12,069
Net result drops to -€12,069, the lowest in the series; recovery starts the following year.
28-10
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 89 days late
2020
30-11
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 122 days late
2019
15-10
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 76 days late
2018
26-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 57 days late
06-03
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 218 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
1 act for this company is 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, Elsene · 1 establishment unit since 2011
Ground area
123 m²
Building footprint
92 m²
Volume, LiDAR
1,176 m³
Parcel 21446D0014/00F002, Brussels · tallest building 18.3 m, ±5 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Boondaalse Steenweg 554, 1050 Elsene
since 20112.195.466.920
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21446D0014/00F002 | Brussels | 123 m² | 1 · 92 m² | 18.3 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.
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded24-01-2011
Fiscal year end31-12
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
What can you do?
Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.
If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.