Copinel
ActiveSummary
The computed 12-month bankruptcy probability of Copinel is 1.8% (moderate). The 2025 annual accounts show negative equity (€-20k) and a net result of €-22k. Equity is shrinking by ~350.5% per year across the filed fiscal years. Its solvency ranks better than 15% of 2318 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-53
Solvency0▼-27
Growth32=
Track record94
Bankruptcy probability, 12 months
1.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.12 against 0.28 in 2024; short-term debt: 78.9% and cash: 5% of total assets), and equity is negative.
Credit check for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 93
Relative position
BE, all sectors
reference
Sports, amusement and recreation activities (NACE 93)
about 50% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-37.4%
Return on assets
-41%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
232425
2023 to 2025 · latest year €-20k
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 27-02-2026, 154 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
154 d early
2024
7 d early
2023
37 d early
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-20k
2024 · €2k
2023: €3khighest in 3 years
2024: €2k▼ -42.6% vs 2023
2025: €-20k▼ -1147% vs 2024lowest in 3 years
2023 → 2025
Total assets
€54k▼ 36.2%
2024 · €85k
2023: €29klowest in 3 years
2024: €85k▲ +197% vs 2023highest in 3 years
2025: €54k▼ -36.2% vs 2024
2023 → 2025
Net result
€-22k▼ 1,445%
2024 · €-1k
2023: €386highest in 3 years
2024: €-1k▼ -474% vs 2023
2025: €-22k▼ -1445% vs 2024lowest in 3 years
2023 → 2025
Working capital
€-38k▼ 32.5%
2024 · €-28k
2023: €-21khighest in 3 years
2024: €-28k▼ -32.5% vs 2023
2025: €-38k▼ -32.5% vs 2024lowest in 3 years
2023 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€3k-€2k▼ 42.6%€-20k
2023: €3khighest in 3 years
2024: €2k▼ -42.6% vs 2023
2025: €-20k▼ -1147% vs 2024lowest in 3 years
Operating result€545-€2k▲ 215%€-18k
2023: €545
2024: €2k▲ +215% vs 2023highest in 3 years
2025: €-18k▼ -1124% vs 2024lowest in 3 years
Net result€386-€-1k€-22k▼ 1,445%
2023: €386highest in 3 years
2024: €-1k▼ -474% vs 2023
2025: €-22k▼ -1445% vs 2024lowest in 3 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €18k after €2k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €54k
Fixed assets
€49k ▼ 33.9%
Current assets
€5k ▼ 51.8%
Key figures and ratios
EBITDA
€-6k▼
2024 · €15k
Cash flow
€-10k▼
2024 · €12k
Solvency
-37.4%▼
2024 · 2.3%
Current ratio
0.12▼
2024 · 0.28
Quick ratio
0.11▼
2024 · 0.27
Debt to equity
-3.67▼
2024 · 42.88
ROA
-41.0%▼
2024 · -1.7%
Interest coverage
-1.17▼
2024 · 4.42
Debt
€75k▼
2024 · €83k
Debt ≤ 1 year
€43k▲
2024 · €39k
Debt > 1 year
€32k▼
2024 · €44k
Staff costs
€7k▲
2024 · €5k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 43 lines
Balance sheet
Code20242025
Assets
Total assets20/58€85k€54k▼
Fixed assets21/28€74k€49k▼
Intangible fixed assets21€45k€34k▼
Tangible fixed assets22/27€20k€5k▼
Furniture and vehicles24€20k€5k▼
Financial fixed assets28€9k€9k=
Current assets29/58€11k€5k▼
Stocks and contracts in progress3€250€480▲
Stocks30/36€250€480▲
Amounts receivable within one year40/41€36€288▲
Trade receivables40-€247
Other amounts receivable41€36€41▲
Cash at bank and in hand54/58€7k€3k▼
Deferred charges and accrued income490/1€4k€2k▼
Equity and liabilities
Total equity and liabilities10/49€85k€54k▼
Equity10/15€2k€-20k▼
Contributions10/11€3k€3k=
Profit (loss) carried forward14€-1k€-23k▼
Amounts payable17/49€83k€75k▼
Amounts payable after more than one year17€44k€32k▼
Financial debts170/4€44k€32k▼
Amounts payable within one year42/48€39k€43k▲
Current portion of amounts payable after more than one year42€11k€12k▲
Trade debts44€7k€19k▲
Suppliers440/4€7k€19k▲
Taxes, remuneration and social security45€752€2k▲
Taxes450/3€83€2k▲
Remuneration and social security454/9€669-
Other amounts payable47/48€21k€10k▼
Income statement
Code20242025
Remuneration, social security and pensions62€5k€7k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14k€12k▼
Other operating charges640/8€5k€12k▲
Gross operating margin9900€25k€13k▼
Operating profit (loss)9901€2k€-18k▼
Financial income75/76B€309€235▼
Recurring financial income75€309€235▼
Financial charges65/66B€3k€5k▲
Recurring financial charges65€3k€5k▲
Profit (loss) for the period before taxes9903€-1k€-22k▼
Profit (loss) for the period9904€-1k€-22k▼
Profit (loss) for the period to be appropriated9905€-1k€-22k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-1k€-23k▼
Profit (loss) brought forward from the previous period14P€386€-1k▼
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €5k | €7k | ▲ 39.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3k | €14k | €12k | ▼ 13.2% |
| Other operating charges640/8 | €149 | €5k | €12k | ▲ 144% |
| Gross operating margin9900 | €4k | €25k | €13k | ▼ 49.2% |
| Operating profit (loss)9901 | €545 | €2k | €-18k | ▼ 1,124% |
| Financial income75/76B | - | €309 | €235 | ▼ 23.8% |
| Recurring financial income75 | - | €309 | €235 | ▼ 23.8% |
| Financial charges65/66B | €10 | €3k | €5k | ▲ 42.0% |
| Recurring financial charges65 | €10 | €3k | €5k | ▲ 42.0% |
| Profit (loss) for the period before taxes9903 | €535 | €-1k | €-22k | ▼ 1,445% |
| Income taxes67/77 | €149 | - | - | - |
| Profit (loss) for the period9904 | €386 | €-1k | €-22k | ▼ 1,445% |
| Profit (loss) for the period to be appropriated9905 | €386 | €-1k | €-22k | ▼ 1,445% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €29k | €85k | €54k | ▼ 36.2% |
| Formation expenses20 | €407 | - | - | - |
| Fixed assets21/28 | €24k | €74k | €49k | ▼ 33.9% |
| Intangible fixed assets21 | - | €45k | €34k | ▼ 23.7% |
| Tangible fixed assets22/27 | €24k | €20k | €5k | ▼ 73.0% |
| Furniture and vehicles24 | €24k | €20k | €5k | ▼ 73.0% |
| Financial fixed assets28 | - | €9k | €9k | = |
| Current assets29/58 | €4k | €11k | €5k | ▼ 51.8% |
| Stocks and contracts in progress3 | - | €250 | €480 | ▲ 91.8% |
| Stocks30/36 | - | €250 | €480 | ▲ 91.8% |
| Amounts receivable within one year40/41 | €100 | €36 | €288 | ▲ 696% |
| Trade receivables40 | €100 | - | €247 | - |
| Other amounts receivable41 | - | €36 | €41 | ▲ 13.1% |
| Cash at bank and in hand54/58 | €3k | €7k | €3k | ▼ 58.5% |
| Deferred charges and accrued income490/1 | €1k | €4k | €2k | ▼ 56.3% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €29k | €85k | €54k | ▼ 36.2% |
| Equity10/15 | €3k | €2k | €-20k | ▼ 1,147% |
| Contributions10/11 | €3k | €3k | €3k | = |
| Profit (loss) carried forward14 | €386 | €-1k | €-23k | ▼ 2,109% |
| Amounts payable17/49 | €25k | €83k | €75k | ▼ 10.3% |
| Amounts payable after more than one year17 | - | €44k | €32k | ▼ 27.5% |
| Financial debts170/4 | - | €44k | €32k | ▼ 27.5% |
| Amounts payable within one year42/48 | €25k | €39k | €43k | ▲ 8.8% |
| Current portion of amounts payable after more than one year42 | - | €11k | €12k | ▲ 7.5% |
| Trade debts44 | €1k | €7k | €19k | ▲ 193% |
| Suppliers440/4 | €1k | €7k | €19k | ▲ 193% |
| Taxes, remuneration and social security45 | €1k | €752 | €2k | ▲ 147% |
| Taxes450/3 | €1k | €83 | €2k | ▲ 2,146% |
| Remuneration and social security454/9 | - | €669 | - | - |
| Other amounts payable47/48 | €23k | €21k | €10k | ▼ 53.5% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €386 | €-1k | €-22k | ▼ 1,445% |
| + Depreciation and write-downs630 | €3k | €14k | €12k | ▼ 13.2% |
| Operating cash flow (approximation) | €4k | €12k | €-10k | ▼ 186% |
| Investment in fixed assets (approximation) | - | €-63k | €13k | ▲ 121% |
| Change in cash | - | €4k | €-4k | ▼ 202% |
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
27-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €-22k
Net result drops to €-22k, the lowest in the series.
24-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
24-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Anderlues · 2 establishment units since 2023
Ground area
4,496 m²
Building footprint
1,220 m²
Volume, LiDAR
6,139 m³
2 parcels, Wallonia · tallest building 16.3 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
Copinel
since 20232.346.440.391
Copinel
since 20242.359.791.056
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 55020C0135/00T003 | Wallonia | 3,837 m² | 1 · 1,159 m² | 16.3 m · 2 fl. |
| 56001A0234/00T000 | Wallonia | 659 m² | 1 · 61 m² | 11.6 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 3,875 companies in sector 93199 we hold annual accounts for 605. 158 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
Founded12-06-2023
Fiscal year end31-12
Activities, NACEBEL 2025
93199Other sports activities
93299Other amusement and recreation activities
82300Organisation of conventions and trade shows
86995Nutrition and dietetics services
90391Promotion and organisation of arts and performing arts events
Contact
Website
www.copinel.be
E-mail
info@copinel.com
Scores and ratios are computed by Checked and are not a credit decision.