COPIN
ActiveCOPIN has been active since 1983 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €716k and a net result of €136k. Equity is growing by ~4.3% per year across the filed fiscal years. Its solvency ranks better than 95% of 1633 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
93
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability92=
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €65k at 30 days acceptable
Liquidity ample (current ratio 32.62 against 4.05 in 2024; short-term debt: 2.4% and cash: 51.7% of total assets), and 2.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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
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
97.6%
Return on assets
18.6%
Age of the figures
9 mo
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 29-06-2026, 32 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
32 d early
2024
31 d early
2023
29 d early
2022
33 d early
2021
32 d early
2020
30 d early
2019
31 d early
← before the deadline
after the deadline →
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
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€716k▲ 23.6%
2024 · €579k
2018: €508k
2019: €486k
2020: €461k
2021: €455k
2022: €445k
2023: €536k
2024: €579k
2018 → 2025
Total assets
€733k▲ 9.1%
2024 · €672k
2018: €508k
2019: €600k
2020: €579k
2021: €569k
2022: €569k
2023: €579k
2024: €672k
2018 → 2025
Net result
€136k▲ 10.7%
2024 · €123k
2018: €-6k
2019: €80k
2020: €75k
2021: €94k
2022: €99k
2023: €121k
2024: €123k
2018 → 2025
Working capital
€547k▲ 94.7%
2024 · €281k
2018: €161k
2019: €137k
2020: €125k
2021: €129k
2022: €130k
2023: €229k
2024: €281k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€455k-€445k▼ 2.2%€536k▲ 20.4%€579k▲ 8.1%€716k▲ 23.6%
Operating result€130k-€140k▲ 7.5%€163k▲ 16.3%€161k▼ 0.9%€178k▲ 10.5%
Net result€94k-€99k▲ 5.5%€121k▲ 22.0%€123k▲ 2.0%€136k▲ 10.7%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 10% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €733k
Fixed assets
€168k▼ 43.5%
Current assets
€565k▲ 51.2%
Equity and liabilities €733k
Equity
€716k▲ 23.6%
Debt
€17k▼ 81.3%
The debt ratio falls from 13.7% to 2.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€190k▲
2024 · €173k
Cash flow
€148k▲
2024 · €135k
Solvency
97.6%▲
2024 · 86.3%
Current ratio
32.62▲
2024 · 4.05
Quick ratio
32.62▲
2024 · 4.05
Debt / equity
0.02▼
2024 · 0.16
ROE
19.1%▼
2024 · 21.3%
ROA
18.6%▲
2024 · 18.4%
Interest coverage
393.21▼
2024 · 408.89
Debt
€17k▼
2024 · €92k
Debt ≤ 1 year
€17k▼
2024 · €92k
Income taxes
€49k▲
2024 · €45k
Staff costs
€4k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€672k€733k▲
Fixed assets21/28€298k€168k▼
Tangible fixed assets22/27€177k€168k▼
Land and buildings22€174k€164k▼
Plant, machinery and equipment23€1k€1k▼
Furniture and vehicles24€1k€3k▲
Financial fixed assets28€121k€500▼
Current assets29/58€373k€565k▲
Amounts receivable within one year40/41€56k€173k▲
Trade receivables40€18k€21k▲
Other amounts receivable41€38k€153k▲
Current investments50/53€200k€0▼
Cash at bank and in hand54/58€106k€379k▲
Deferred charges and accrued income490/1€11k€12k▲
Equity and liabilities
Total equity and liabilities10/49€672k€733k▲
Equity10/15€579k€716k▲
Contributions10/11€74k€74k=
Capital10€74k€74k=
Issued capital100€74k€74k=
Reserves13€505k€641k▲
Non-distributable reserves130/1€7k€7k=
Legal reserve130€7k€7k=
Tax-exempt reserves132€97k€160k▲
Distributable reserves133€400k€474k▲
Profit (loss) carried forward14€157€157=
Amounts payable17/49€92k€17k▼
Amounts payable within one year42/48€92k€17k▼
Trade debts44€2k€3k▲
Suppliers440/4€2k€3k▲
Taxes, remuneration and social security45€15k€15k=
Taxes450/3€15k€14k▼
Remuneration and social security454/9-€208
Other amounts payable47/48€76k€0▼
Accrued charges and deferred income492/3€28€0▼
Income statement
Code20242025
Remuneration, social security and pensions62-€4k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11k€11k▲
Other operating charges640/8€3k€3k▲
Gross operating margin9900€176k€197k▲
Operating profit (loss)9901€161k€178k▲
Financial income75/76B€7k€8k▲
Recurring financial income75€7k€8k▲
Financial charges65/66B€422€483▲
Recurring financial charges65€422€483▲
Profit (loss) for the period before taxes9903€168k€185k▲
Income taxes67/77€45k€49k▲
Profit (loss) for the period9904€123k€136k▲
Transfer to tax-exempt reserves689€59k€63k▲
Profit (loss) for the period to be appropriated9905€64k€73k▲
Appropriation of the result
Profit (loss) to be appropriated9906€64k€73k▲
Profit (loss) brought forward from the previous period14P€0€157▲
Transfer from equity791/2€80k€0▼
Transfer to equity691/2€64k€73k▲
To other reserves6921€64k€73k▲
Profit to be distributed694/7€80k€0▼
Return on contributions (dividend)694€80k€0▼
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
29-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2018net €136k ▲10.7%
Operating result €178k, net result €136k, both a record.
31-12
Financial
Liquidity times 8current ratio 32.62
Current ratio from 4.05 to 32.62; short-term debt falls from €92k to €17k.
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
02-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity triplescurrent ratio 6.31
Current ratio from 2.04 to 6.31; short-term debt falls from €124k to €43k.
31-12
Financial
Equity above €500kEq €536k ▲20.4%
5 profitable years in a row build equity to €536k.
28-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
29-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
01-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €80k
Net result €80k after one loss-making year.
27-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
27-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Elsene · 1 establishment unit since 1995
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Majoor René Dubreucqstraat 201050 ElseneGround area
132 m²
Building footprint
76 m²
Volume, LiDAR
1,040 m³
Parcel 21009A0873/00T009, Brussels · tallest building 18.5 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
Majoor René Dubreucqstraat 20, 1050 Elsene
since 19952.102.407.296
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21009A0873/00T009 | Brussels | 132 m² | 1 · 76 m² | 18.5 m · 5 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
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Verian Group Belgium SA
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BB CONSULTING
BE 0477.469.335
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B SOLUTIONS INGENIEURS
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MATTINVEST
BE 0873.466.489
Elsene · Eq €723k
Of 2,715 companies in sector 73200 we hold annual accounts for 1,785. 1,196 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded26-10-1983
Fiscal year end31-12
Activities, NACEBEL
73200Market research and public opinion polling
74131
69201Accountants
69209Other tax advisory services
70200Business and other management consultancy
70220Business consulting
74124
74142
Sources
Crossroads Bank for EnterprisesNational Bank · 43 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:herve.camerlynck@kallergon.eu
Phone:0475545359