COPIC
ActiveFrom the official registers: KBO 2 annual accounts at the National Bank publications in the Belgian Official Gazette
Summary
The computed 12-month bankruptcy probability of COPIC is 3.0% (moderate). The 2025 annual accounts show equity of €4,126 and a net result of €470. Its solvency ranks better than 23% of 9,368 sector peers (NACE 41, financial year 2025). The company has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Official details
KBO- Status
- Active since 25-06-2024 Normal situation
- Legal form
- Private limited company
- Registered office
- J.B. Devlemincklaan 6/A, 1930 Zaventem
- Activity
- General construction of residential buildings NACE 41001and 4 others
- Establishment unit
- 2.361.044.138 1930 Zaventem, since 01-07-2024
- Financial year end
- 31 December
- Peppol
- Reachable since 15-08-2025
How it is doing
- Bankruptcy probabilitywithin 12 months
- 3.0%
- Gross margin
- €37,273
- ▲ 68.1%
- Turnover
- ≈ €260,000
- estimated
- Profit
- €470
- ▲ 201%
- Equity
- €4,126
- ▲ 12.9%
- Total assets
- €24,871
- ▲ 69.7%
- Staff
- ≈ 0.8 FTE
- estimated
Why 50raises riskFounded in 2024Sector: Construction of residential and non-residential buildings (NACE 41)Size: total assets €24,871lowers riskLiquidity: current ratio 1.00, cash €3,689Show the evidence
Checked score
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 41, micro): better than 23% on solvency, 30% on liquidity, 44% on profitability and 57% on growth.
The bankruptcy probability was computed on 31-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 2 accounts on average 15 days after the deadline; the sector median (NACE 41) for financial year 2024 is on the deadline day, and 46% of those companies filed late.
Searched, nothing found (2)
Financials · financial year 2025, micro format
Annual accounts 2025
- Financial year ended
- 31-12-2025
- Filed on
- 31-07-2026
- Format
- micro format
- Reference
- 2026-00374113
2024 to 2025, 2 financial years
The operating result rises in 2025; 2025 is 9.2 times 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 41, Construction of residential and non-residential buildings: 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).
Peer companies
Historical observationOf the 2,542 companies that looked in July 2024 the way this one looks now, 3.5% went bankrupt within 24 months and 94.9% are still going.
- Micro
- 2 to 5 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 3.0% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 2,542 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.
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Remuneration, social security and pensions62 | €21,530 | €32,908 | ▲ 52.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €84 | €2,091 | ▲ 25× |
| Other operating charges640/8 | €387 | €744 | ▲ 92.1% |
| Gross operating margin9900 | €22,168 | €37,273 | ▲ 68.1% |
| Operating profit (loss)9901 | €167 | €1,529 | ▲ 817% |
| Financial charges65/66B | €11 | €472 | ▲ 45× |
| Recurring financial charges65 | €11 | €472 | ▲ 45× |
| Profit (loss) for the period before taxes9903 | €156 | €1,057 | ▲ 576% |
| Income taxes67/77 | - | €587 | - |
| Profit (loss) for the period9904 | €156 | €470 | ▲ 201% |
| Profit (loss) for the period to be appropriated9905 | €156 | €470 | ▲ 201% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €14,658 | €24,871 | ▲ 69.7% |
| Fixed assets21/28 | €433 | €8,920 | ▲ 21× |
| Tangible fixed assets22/27 | €433 | €8,920 | ▲ 21× |
| Furniture and vehicles24 | €433 | €8,920 | ▲ 21× |
| Current assets29/58 | €14,225 | €15,951 | ▲ 12.1% |
| Stocks and contracts in progress3 | €10,000 | €10,895 | ▲ 9.0% |
| Stocks30/36 | €10,000 | €10,895 | ▲ 9.0% |
| Amounts receivable within one year40/41 | €48 | €1,232 | ▲ 26× |
| Trade receivables40 | €48 | €291 | ▲ 506% |
| Other amounts receivable41 | - | €941 | - |
| Cash at bank and in hand54/58 | €4,177 | €3,689 | ▼ 11.7% |
| Deferred charges and accrued income490/1 | - | €135 | - |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €14,658 | €24,871 | ▲ 69.7% |
| Equity10/15 | €3,656 | €4,126 | ▲ 12.9% |
| Contributions10/11 | €3,500 | €3,500 | = |
| Profit (loss) carried forward14 | €156 | €626 | ▲ 301% |
| Amounts payable17/49 | €11,001 | €20,745 | ▲ 88.6% |
| Amounts payable after more than one year17 | - | €4,774 | - |
| Financial debts170/4 | - | €4,774 | - |
| Amounts payable within one year42/48 | €11,001 | €15,972 | ▲ 45.2% |
| Financial debts43 | - | €4,253 | - |
| Credit institutions430/8 | - | €4,253 | - |
| Trade debts44 | €4,726 | €3,831 | ▼ 18.9% |
| Suppliers440/4 | €4,726 | €3,831 | ▼ 18.9% |
| Taxes, remuneration and social security45 | €5,163 | €6,616 | ▲ 28.2% |
| Taxes450/3 | €664 | €365 | ▼ 45.0% |
| Remuneration and social security454/9 | €4,499 | €6,251 | ▲ 38.9% |
| Other amounts payable47/48 | €1,112 | €1,271 | ▲ 14.3% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €156 | €470 | ▲ 201% |
| + Depreciation and write-downs630 | €84 | €2,091 | ▲ 25× |
| Operating cash flow (approximation) | €241 | €2,561 | ▲ 964% |
| Investment in fixed assets (approximation) | - | -€10,579 | - |
| Change in cash | - | -€488 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| KURENT Marjan |
|
| ARHAR Bogdan |
|
How the board is organised
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Each director alone
- Board ruleHow the board is made up, meets and takes decisions.
- “Natuurlijke personen of rechtspersonen, met of zonder beperking van duur”“Al dan niet ten kosteloze titel, algemene kosten”
Oversight and winding up
- Statutory auditorA statutory auditor is a registered auditor who checks the accounts; small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Vormen vereist voor statutenwijziging, Artikel 22”
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Krachtens statuten, Artikel 23”
Articles of association, deed of 27-06-2024
Owners and capital
Capital and shareholders
- KURENT Marjan 100 shares (100%) · €3,500
- 27-06-2024 Incorporation · €3,500 · 100 shares
Shares according to the articles of association
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Op naam, Artikel 8”
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Helft overdrager,helft koper(s) naar evenredigheid verworven aantal bij meerdere kopers, prijs in oorspronkelijke bekendmaking,of bij…”
- Share issue ruleHow and by whom new shares can be issued.
- “Orgaan dat overgaat tot uitgifte, Artikel 7”
Other provisionsRules from the articles on subjects other than the board, the shares, the purpose and the meetings.
Articles of association, deed of 27-06-2024 (in Dutch)
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
15-05
Gazette deed
Resignation: ARHAR Bogdan (director)Permanent representative: Vincent BERCHEM3 facts ▸
- General meeting, 31-12-2025
- Director resignation, ARHAR Bogdan (director)
- Permanent representative, Vincent BERCHEM
27-06
Gazette deed
IncorporationAppointments: KURENT Marjan (director) and ARHAR Bogdan (director) · Registered office clause · Board rule11 facts ▸
- Registered office clause, “1930 Zaventem,J.B.Develmincklaan 6 bus A032” (deed in Dutch)
- Other provision, “in opmaak, website en e-mail” (deed in Dutch)
- Board rule, 2
- Director appointment, KURENT Marjan (director (not named in the articles))
- Director appointment, ARHAR Bogdan (director (not named in the articles))
- Incorporation, “COPIC” (deed in Dutch)
- Founder, KURENT Marjan (comparant)
- Founding capital, €3,500
- Other provision, “statuten, comparanten verklaren statuten als volgt” (deed in Dutch)
- Capital
- Pre-incorporation commitments, “takeover, verbintenissen,verplichtingen en activiteiten in naam en voor rekening van vennootschap in oprichting” (deed in Dutch)
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
Register details
Who it is
KBO recordWhere it is based
What it does
NACEBEL 2025Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 1010.755.935
Financial year and general meeting
Accounts at the NBBScores and ratios are computed by Checked and are not a credit decision.
Purpose, financial year and meetings according to the articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Een algemeen bouwbedrijf (schilderen,verbouwing,herstellingen,metsen,dakwerk,elektriciteitswerken); Bouwwerken – verbouwings- en…”
5 activities
- Een algemeen bouwbedrijf (schilderen,verbouwing,herstellingen,metsen,dakwerk,elektriciteitswerken);
- Bouwwerken – verbouwings- en verfraaiiingswerken.
- Bijstand aan algemene bouwondernemingen.
- Stedenbouwkundige werken,het ontwerpen van gebouwen,
- Ondermeer verfwerken,metselwerken,werktuigkunde,elektriciteit,dakwerken; bouwmaterialen,elektrisch en elektronisch materiaal,materiaal voor sanitair en loodgieterij.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- COPIC
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest, Artikel 2”
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Last Friday of June at 18:00
Articles of association, deed of 27-06-2024 (in Dutch)
Environmental permits: No permit applications found in Flanders.
Sites & property
1 establishment unit
Buildings and parcels at the address
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 23772C0228/00K000 | Flanders | 725 m² | 1 · 582 m² | 17.3 m · 5 |