COPHY
ActiveSummary
The computed 12-month bankruptcy probability of COPHY is 2.7% (moderate). The 2025 annual accounts show negative equity (-€15,626) and a net result of -€1,339. Equity is shrinking by about 24% per year across the filed financial years. The company has been active since 2011 and the Belgian Official Gazette contains no insolvency or warning signals.
Financials · financial year 2025, full format
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
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result is -€1,338 in 2025, compared with €2,144 in 2023. Comparable figures for the intervening years are unavailable.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result-€1,338
2025
Net result-€1,339
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€14,372
2024
Equity-€15,626
2025
Debt€15,626
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€14,287
2024
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€6,978--€10,268-€7,867▲ 23.4%-€8,989▼ 14.3%€454€2,144▲ 372%-€1,338
Net result€6,578--€10,798-€8,230▲ 23.8%-€12,069▼ 46.6%€423€2,141▲ 406%-€1,339
Equity€14,246-€3,448▼ 75.8%-€4,782-€16,851▼ 252%-€16,428▲ 2.5%-€14,287▲ 13.0%-€14,287=-€15,626▼ 9.4%
Total assets€39,650-€19,145▼ 51.7%€9,577▼ 50.0%€4,761▼ 50.3%€6,657▲ 39.8%€16,505▲ 148%€14,372▼ 12.9%
Debt€25,404-€15,697▼ 38.2%€14,359▼ 8.5%€21,612▲ 50.5%€23,085▲ 6.8%€30,792▲ 33.4%€28,659▼ 6.9%€15,626▼ 45.5%
Working capital€2,810--€3,838-€9,607▼ 150%-€2,107▲ 78.1%€4,312-€14,287-€14,287=
Key figures and ratios
Debt ≤ 1 year
€15,626▼
2024 · €28,659
Income taxes
€1
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 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,217 | €9,351 | €6,274 | €4,707 | €2,816 | €105 | - | - | - |
| Other operating charges640/8 | - | €1,704 | €961 | €1,415 | €462 | €1,500 | - | €1,041 | - |
| Non-recurring operating charges66A | - | - | - | - | - | €351 | - | - | - |
| Gross operating margin9900 | €15,832 | €787 | -€632 | -€2,867 | €3,732 | €4,100 | - | -€297 | - |
| Operating profit (loss)9901 | €6,978 | -€10,268 | -€7,867 | -€8,989 | €454 | €2,144 | - | -€1,338 | - |
| Financial income75/76B | - | - | €10 | - | - | - | - | - | - |
| Recurring financial income75 | - | - | €10 | - | - | - | - | - | - |
| Financial charges65/66B | - | €506 | €335 | €184 | €39 | - | - | - | - |
| Recurring financial charges65 | €365 | €506 | €335 | €184 | €39 | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €6,613 | -€10,774 | -€8,192 | -€9,173 | €415 | €2,144 | - | -€1,338 | - |
| Income taxes67/77 | €35 | €24 | €38 | €2,896 | -€8 | €3 | - | €1 | - |
| Profit (loss) for the period9904 | €6,578 | -€10,798 | -€8,230 | -€12,069 | €423 | €2,141 | - | -€1,339 | - |
| Profit (loss) for the period to be appropriated9905 | €6,578 | -€10,798 | -€8,230 | -€12,069 | €423 | €2,141 | - | -€1,339 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €39,650 | €19,145 | €9,577 | €4,761 | €6,657 | €16,505 | €14,372 | - | - |
| Fixed assets21/28 | €23,077 | €13,727 | €7,452 | €2,746 | €456 | - | - | - | - |
| Tangible fixed assets22/27 | €23,077 | €13,727 | €7,452 | €2,746 | €456 | - | - | - | - |
| Furniture and vehicles24 | - | €13,727 | €7,452 | €2,746 | €456 | - | - | - | - |
| Current assets29/58 | €16,573 | €5,418 | €2,125 | €2,015 | €6,201 | €16,505 | €14,372 | - | - |
| Amounts receivable within one year40/41 | €15,247 | €5,288 | €1,995 | €883 | €5,992 | €16,352 | €13,691 | - | - |
| Trade receivables40 | - | €5,288 | €1,634 | €883 | €5,064 | €16,352 | €13,691 | - | - |
| Other amounts receivable41 | - | - | €361 | - | €928 | - | - | - | - |
| Cash at bank and in hand54/58 | €1,220 | €24 | €24 | €1,026 | €103 | €47 | €595 | - | - |
| Deferred charges and accrued income490/1 | - | €106 | €106 | €106 | €106 | €106 | €86 | - | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €39,650 | €19,145 | €9,577 | €4,761 | €6,657 | €16,505 | €14,372 | €0 | ▼ 100% |
| Equity10/15 | €14,246 | €3,448 | -€4,782 | -€16,851 | -€16,428 | -€14,287 | -€14,287 | -€15,626 | ▼ 9.4% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | - | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Issued capital100 | - | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Legal reserve130 | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | -€6,214 | -€17,012 | -€25,242 | -€37,311 | -€36,888 | -€34,747 | -€34,747 | -€36,086 | ▼ 3.9% |
| Amounts payable17/49 | €25,404 | €15,697 | €14,359 | €21,612 | €23,085 | €30,792 | €28,659 | €15,626 | ▼ 45.5% |
| Amounts payable after more than one year17 | €11,641 | €6,441 | €2,627 | - | - | - | - | - | - |
| Financial debts170/4 | - | €6,441 | €2,627 | - | - | - | - | - | - |
| Amounts payable within one year42/48 | €13,763 | €9,256 | €11,732 | €4,122 | €1,889 | €30,792 | €28,659 | €15,626 | ▼ 45.5% |
| Current portion of amounts payable after more than one year42 | - | €5,534 | €3,814 | €2,627 | - | - | - | - | - |
| Trade debts44 | €6,484 | €509 | €654 | €1,313 | €366 | - | - | - | - |
| Suppliers440/4 | - | €509 | €654 | €1,313 | €366 | - | - | - | - |
| Taxes, remuneration and social security45 | - | €226 | €14 | €182 | €1,523 | €2,776 | €253 | - | - |
| Taxes450/3 | - | €226 | €14 | €182 | €1,523 | €2,776 | €253 | - | - |
| Other amounts payable47/48 | - | €2,987 | €7,250 | - | - | €28,016 | €28,406 | €15,626 | ▼ 45.0% |
| Accrued charges and deferred income492/3 | - | - | - | €17,490 | €21,196 | - | - | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €6,578 | -€10,798 | -€8,230 | -€12,069 | €423 | €2,141 | - | -€1,339 | - |
| + Depreciation and write-downs630 | €7,217 | €9,351 | €6,274 | €4,707 | €2,816 | €105 | - | - | - |
| Operating cash flow (approximation) | €13,795 | -€1,447 | -€1,956 | -€7,362 | €3,239 | €2,246 | - | -€1,339 | - |
| Investment in fixed assets (approximation) | - | -€1 | €1 | -€1 | -€526 | - | - | - | - |
| Change in cash | - | -€1,196 | €0 | €1,002 | -€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.
Latest 10 of 15 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | full format | 08-07-2026 | 2026-00268058 |
| 31-12-2024 | full format | 13-01-2026 | 2026-00010999 |
| 31-12-2023 | full format | 13-01-2026 | 2026-00010998 |
| 31-12-2022 | full format | 13-01-2026 | 2026-00010997 |
| 31-12-2021 | full format | 27-09-2023 | 2023-00455678 |
| 31-12-2020 | full format | 28-10-2021 | 2021-76600526 |
| 31-12-2019 | full format | 30-11-2020 | 2020-73100196 |
| 31-12-2018 | full format | 15-10-2019 | 2019-70000452 |
| 31-12-2017 | full format | 26-09-2018 | 2018-68200310 |
| 31-12-2016 | full format | 06-03-2018 | 2018-06300438 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.