Equity
-€20,345
Debts exceed assets in financial year 2025.
Copinel
Overview
Lifetime
3 annual accounts with figures on one time axispeak €25,025 (2024)
€12,711▼ 49.2%
lowest -€22,288 (2025)
-€22,288▼ €20,846
peak €3,386 (2023)
-€20,345▼ €22,288
€74,740▼ 10.3%
Board3 names since 2023
2 directorsLEGIERSKI Nelson and 1 other
Documentsfilings and deeds
27-02-2026154 days before the deadline
2025micro format
Gross margin from €25,025 to €12,711Loss of €22,288Equity from €1,943 to -€20,345Cash from €6,593 to €2,737
Key points
from the 2025 annual accountsLosses
-€23,730 in two years
The 2024 and 2025 financial years closed with a loss. 2025 was the heaviest.
Turnover
≈ €74,000 estimated
The micro format states no turnover.
Debts
€74,740 137% of the balance sheet
Financial debts 43%Suppliers 26%Taxes and wages 2%Other 29%
Of this, €42,921 falls due within a year.
Starting capital
€3,000 300 shares
Position in the sector
-€22,288
Lower net result than 86% of companies in sports and recreation. Sector median €3,711 · 2,877 companies.
Checked score
53
Fair
Financially stronger than 7% of micro companies in sports and recreation (NACE 93)
Probability in this band: 1.5% to 4.2%
Negative equity caps the score at 59.
Bankruptcy probability within 12 months
1.3% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.3% across 4,271 companies (NACE 93, micro).
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.6%lowest value
01-2025: 0.6%● unchanged vs 12-2024
02-2025: 0.6%● unchanged vs 01-2025
03-2025: 0.6%● unchanged vs 02-2025
04-2025: 0.7%▲ +0.1 percentage points vs 03-2025
05-2025: 0.7%● unchanged vs 04-2025
06-2025: 0.7%● unchanged vs 05-2025
07-2025: 0.8%▲ +0.1 percentage points vs 06-2025
08-2025: 0.9%▲ +0.1 percentage points vs 07-2025
09-2025: 0.9%● unchanged vs 08-2025
10-2025: 0.9%● unchanged vs 09-2025
11-2025: 0.9%● unchanged vs 10-2025
12-2025: 0.9%● unchanged vs 11-2025
01-2026: 0.9%● unchanged vs 12-2025
02-2026: 0.9%● unchanged vs 01-2026
03-2026: 0.9%● unchanged vs 02-2026
04-2026: 1.3%▲ +0.4 percentage points vs 03-2026highest value
05-2026: 1.3%● unchanged vs 04-2026highest value
06-2026: 1.3%● unchanged vs 05-2026highest value
07-2026: 1.3%● unchanged vs 06-2026highest value
08-2026: 1.3%● unchanged vs 07-2026highest value
09-2026: 1.3%● unchanged vs 08-2026highest value
10-2026: 1.3%● unchanged vs 09-2026highest value
11-2026: 1.3%● unchanged vs 10-2026highest value
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: negative equity
Negative equity -€20,345
2 establishment units
lowers risk
Sector: Sports, amusement and recreation activities (NACE 93)
Size: total assets €54,395
Calculation
The band follows from the bankruptcy probability. 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 93, micro). It does better than 9% of them on solvency, 13% on liquidity, 7% on profitability and 1% on growth.
The bankruptcy probability was computed on 10-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 7,639 companies had the same profile as Copinel has now. Each dot stands for 20 companies, two years later.
84.7%
were still trading
5.6%
stopped another way
8.8%
went bankrupt
Another 0.8% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of Copinel itself is lower: 1.3% within 12 months. It rests on far more data about Copinel than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 7,639 companies, not a prediction for Copinel. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
No credit on open account
Liquidity is insufficient, with a current ratio of 0.12 (0.28 in 2024), below 1. Short-term debt is 78.9% and cash 5% of total assets. Equity is negative.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
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 -€20,345
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 days early
2024
7 days early
2023
37 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 3 accounts on average 66 days before the deadline. In the sector (NACE 93), the median for financial year 2024 was 1 day before the deadline, and 42% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 25 June (3 of the last 3 accounts filed within 118 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- Corentin Stilmantdeed of 03-04-2024
- Nelson Legierskideed of 03-04-2024
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0802630656
Resignation: Pierre Hotterbeex (director)
Transfer of shares from Pierre Hotterbeex to Corentin Stilmant · Transfer of shares from Pierre Hotterbeex to Nelson Legierski · Director discharge: Pierre Hotterbeex · General meeting of 23-02-2024 · Gazette deed
New establishment in La Louvière
Chaussée Paul Houtart (H-A) 88
Incorporation
Founding capital of €3,000, 300 shares · Founders: HOTTERBEEX Pierre, LEGIERSKI Nelson and STILMANT Corentin · Appointments: HOTTERBEEX Pierre, LEGIERSKI Nelson and STILMANT Corentin · published on 14-06-2023 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Copinel Anderlues | €54,395 | €12,711 | -37.4% | - |
| YOU ROCK Boortmeerbeek | €59,921 | €17,480 | 73.4% | - |
| BroBender Leuven | €60,249 | €10,292 | 68.7% | - |
| Core-Stability Hechtel-Eksel | €36,218 | €11,901 | 10.5% | - |
| KINESITHERAPIE VAN BRANTEGHEM T. Lokeren | €66,123 | €21,326 | 89.9% | - |
| Marthe Heudens Sporthorses Kortenaken | €61,191 | €22,203 | 53.8% | - |
| J & E REFORMER Merchtem | €57,994 | €15,230 | 34.6% | - |
These companies have the same main activity as Copinel: other sports activities (NACE 93199). They are comparable in size and age: total assets between €36,200 and €66,100, founded between 2022 and 2024.
Official details
Source: KBO- Status
- Active since 12-06-2023Normal situation
- Activity
- Other sports activitiesNACE 93199and 4 others
- Joint committee
- 302Hotels and catering · annual accounts 2025
- Establishment units
- 2.346.440.3916150 Anderlues, since 12-06-2023
- 2.359.791.0567110 La Louvière, since 03-04-2024
- Financial year end
- 31 December
- Peppol
- Reachable since 04-11-2025
Annual accounts 2025
- €12,711▼ 49.2%
- €22,288▲ 15×
- -€20,345
- €54,395▼ 36.2%
- 0.2 FTE▼ 90.0%
- Filing
- Filed on 27-02-2026, 154 days before the end of the filing period
Insights on Copinel
Copinel files the micro format. That format states no turnover. The gross margin rose from €3,925 in 2023 to €12,711 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
micro format, filed on 27-02-2026, 154 days before the deadline€12,711
▼ 49.2%
-€17,597
▼ €19,315
-€22,288
▼ €20,846
-€37,584
▼ €9,224
-37.4%
▼ 39.7 percentage points
0.12
▼ 0.16
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €74,000. Estimated: probably between €33,000 and €180,000.
Balance sheet
balance sheet total €54,395 on 31-12-2025What the company ownsHow it is paid for
in euro
in euro
Position in the sector
-37.4%
Higher than 15% of 2,882 companies in 2025.
0.12
Higher than 9% of 2,767 companies in 2025.
-41.0%
Higher than 7% of 2,791 companies in 2025.
Copinel
Middle half of the sector
80% of the sector
Micro accounts in sports and recreation (NACE 93)
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: middle half
Staff
€34,420
Staff costs divided by the average number of full-time equivalents.
level
people who joined
people who left
In 2025, 54 people joined and 54 left.
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Balance sheet: assets | ||||
20/58 |
54,395 | 85,270 | 28,702 | |
20 |
- | - | 407 | |
21/28 |
49,058 | 74,199 | 24,384 | |
21 |
34,210 | 44,810 | - | |
22/27 |
5,375 | 19,916 | 24,384 | |
24 |
5,375 | 19,916 | 24,384 | |
28 |
9,473 | 9,473 | - | |
29/58 |
5,337 | 11,071 | 3,911 | |
3 |
480 | 250 | - | |
30/36 |
480 | 250 | - | |
40/41 |
288 | 36 | 100 | |
40 |
247 | - | 100 | |
41 |
41 | 36 | - | |
54/58 |
2,737 | 6,593 | 2,807 | |
490/1 |
1,832 | 4,192 | 1,004 | |
| Balance sheet: equity and liabilities | ||||
10/49 |
54,395 | 85,270 | 28,702 | |
10/15 |
-20,345 | 1,943 | 3,386 | |
10/11 |
3,000 | 3,000 | 3,000 | |
14 |
-23,345 | -1,057 | 386 | |
17/49 |
74,740 | 83,326 | 25,317 | |
17 |
31,818 | 43,895 | - | |
170/4 |
31,818 | 43,895 | - | |
42/48 |
42,921 | 39,432 | 25,317 | |
42 |
12,076 | 11,234 | - | |
44 |
19,279 | 6,584 | 1,011 | |
440/4 |
19,279 | 6,584 | 1,011 | |
45 |
1,858 | 752 | 1,309 | |
450/3 |
1,858 | 83 | 1,309 | |
454/9 |
- | 669 | - | |
47/48 |
9,708 | 20,862 | 22,997 | |
| Income statement | ||||
9900 |
12,711 | 25,025 | 3,925 | |
62 |
6,884 | 4,945 | - | |
630 |
11,814 | 13,609 | 3,231 | |
640/8 |
11,610 | 4,753 | 149 | |
9901 |
-17,597 | 1,718 | 545 | |
75/76B |
235 | 309 | - | |
75 |
235 | 309 | - | |
65/66B |
4,926 | 3,469 | 10 | |
65 |
4,926 | 3,469 | 10 | |
9903 |
-22,288 | -1,442 | 535 | |
67/77 |
- | - | 149 | |
9904 |
-22,288 | -1,442 | 386 | |
9905 |
-22,288 | -1,442 | 386 | |
| Appropriation of the result | ||||
9906 |
-23,345 | -1,057 | 386 | |
14P |
-1,057 | 386 | - | |
| Social balance sheet | ||||
9087 |
0.2 | 2 | - | |
Hours worked1013 |
475 | 240 | - | |
| Document | ||||
The notes to these accounts have 12 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 27-02-2026.
Filings
each dot is a set of accounts, on the day it reached the National BankKey figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| -5,783 | 15,327 | 3,776 | ||
| -10,474 | 12,167 | 3,617 | ||
| 272 | 63,016 | 27,046 | ||
| -3,856 | 3,787 | - | ||
| -37,584 | -28,361 | -21,405 | ||
| -37.4% | 2.3% | 11.8% | ||
| 0.12 | 0.28 | 0.15 | ||
| 0.11 | 0.27 | 0.15 | ||
| - | 42.88 | 7.48 | ||
| - | -74.2% | 11.4% | ||
| -41.0% | -1.7% | 1.3% | ||
| -1.17 | 4.42 | over 100 |
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Social balance sheet
| Item | 31-12-2025 | 31-12-2024 |
|---|---|---|
| Employees at the balance-sheet date | - | 2 |
| part-time | - | 2 |
| in full-time equivalents | - | 0.4 |
| 0.2 | 0.4 | |
| Joined | 54 | 6 |
| Left | 54 | 4 |
Source: social balance sheet in the 2024 to 2025 annual accounts
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 |
|---|---|---|---|
| Tangible fixed assets | €272 | €544 | €27,046 |
| Intangible fixed assets | - | €53,000 | - |
| Financial fixed assets | - | €9,473 | - |
| €11,814 | €13,609 | €3,231 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
Insights on Copinel
The operating result for 2025 is a loss of €17,597, after a profit of €1,718 in 2024. It is the lowest result since 2023.
Equity is negative. Debt (€74,740) exceeds the balance-sheet total (€54,395).
Board & ownership
Board
2 directors, no change since 2024Director (not named in the articles)
since 09-06-2023
term without a fixed end
listed in the 2025 annual accounts, filed on 27-02-2026
Director (not named in the articles)
since 09-06-2023
term without a fixed end
listed in the 2025 annual accounts, filed on 27-02-2026
- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- Each director alonedeed of 14-06-2023
Mandates through the years
3 names, the dashed line is todayLEGIERSKI Nelson
Director (not named in the articles)
Director (not named in the articles)
STILMANT Corentin
Director (not named in the articles)
Director (not named in the articles)
HOTTERBEEX Pierre
Director (not named in the articles)
Director (not named in the articles)
BoardEarlier
Mandates as a list
- LEGIERSKI Nelson
- Director (not named in the articles), from 09-06-2023 to date
- STILMANT Corentin
- Director (not named in the articles), from 09-06-2023 to date
- HOTTERBEEX Pierre
- Director (not named in the articles), appointed by deed of 14-06-2023, until 03-04-2024
Control
Shares transferred to
This company
Copinel
Equity -€20,345
Loss €22,288 in 2025
Capital
- Contribution
- €3,000
- Shares
- 300
- Contribution per share
- €10
- Equity per share
- -€67.82 in 2025
- Source
- deed of 14-06-2023
Articles of association
deed of 14-06-2023 (in French)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- At least 1 director
Shareholders
Share transfer
deed of 03-04-2024 ↗
At incorporation
deed of 14-06-2023 ↗
- HOTTERBEEX Pierre 100 shares (33.3%)
- LEGIERSKI Nelson 100 shares (33.3%)
- STILMANT Corentin 100 shares (33.3%)
Network & group
No group
Copinel has no parent and no holdings in its annual accounts. Copinel shares no director with another company.
Timeline
Timeline
9 events since 2023Board
Filings
Financial
Establishments
2023202420252026
Deadline for the 2026 accounts: 31-07-2027
2026
Annual accounts 2025 filed PDFmicro format · 154 days before the deadline
2025
Weakest financial year net -€22,288 The net result drops to -€22,288, the lowest from 2023 to 2025.
Registered in the Peppol Directory Reachable for e-invoices through 0208:0802630656
Annual accounts 2024 filed PDFmicro format · 7 days before the deadline
2024
Annual accounts 2023 filed PDFmicro format · 37 days before the deadline
Resignation: Pierre Hotterbeex (director)Transfer of shares from Pierre Hotterbeex to Corentin Stilmant · Transfer of shares from Pierre Hotterbeex to Nelson Legierski · Director discharge: Pierre Hotterbeex · General meeting of 23-02-20245 points ▸
- General meeting, 23-02-2024
- Share transfer, Pierre Hotterbeex → Corentin Stilmant
- Share transfer, Pierre Hotterbeex → Nelson Legierski
- Director resignation, Pierre Hotterbeex
- Director discharge, Pierre Hotterbeex
New establishment in La Louvière Chaussée Paul Houtart (H-A) 88
2023
IncorporationFounding capital of €3,000, 300 shares · Founders: HOTTERBEEX Pierre, LEGIERSKI Nelson and STILMANT Corentin · Appointments: HOTTERBEEX Pierre, LEGIERSKI Nelson and STILMANT Corentin · published on 14-06-20239 points ▸
- Founder, HOTTERBEEX Pierre
- Founder, LEGIERSKI Nelson
- Founder, STILMANT Corentin
- Founding capital, €3,000, 300 shares
- Registered office clause, rue Chèvremont 53, 6150 Anderlues
- Board rule, 3
- Director appointment, HOTTERBEEX Pierre (director (not named in the articles))
- Director appointment, LEGIERSKI Nelson (director (not named in the articles))
- Director appointment, STILMANT Corentin (director (not named in the articles))
- The deed holds 2 more points.
First establishment Rue de Chèvremont 53, Anderlues
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Identity
- Enterprise number
- 0802.630.656
- VAT number
- BE 0802.630.656
- Peppol ID
- 0208:0802630656
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 12-06-2023
- Financial year
- ends on 31 December
- Website
- www.copinel.be
- Peppol
- Reachable since 04-11-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- Copinel in French
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 14-06-2023 (in French)
Activities
NACEBEL 202593199
Other sports activities main activity
Joint committees annual accounts 2025
JC 302
Hotels and catering
Codes under NACEBEL 2008
93199
Other sports activities main activity
82300
Organisation of conventions and trade shows
86909
Human health activities
90021
Arts creation and performing arts activities
93299
Other amusement and recreation activities
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “L’organisation en Belgique de tout événement, notamment musical, sportif, gastronomique, publicitaire, etc; La société pourra effectuer…”deed of 14-06-2023 (in French)
8 activities
- L’organisation en Belgique de tout événement, notamment musical, sportif, gastronomique, publicitaire, etc.
- La société pourra effectuer toutes activités de cours, ateliers, formations au sens le plus général du terme, la coordination, l’organisation d’événements nationaux et internationaux, anniversaires, divertissements, fêtes en tous genres, week-ends gastronomiques, salons, étude de projets, conférences, réunions, cocktails, banquets, séminaires, concerts, cafés-concerts, théâtres, cabarets, spectacles, soirées, bals, manifestations à thèmes et musicaux ainsi que l’animation musicale par un disc-jockey, incentive, réception, ainsi que toutes activités de décoration, animations, recyclages, formations pour personnes privées ou pour des sociétés, ou de toute autre activité de loisirs ou professionnelle, ceci comprenant entre autres la recherche de clients belges et internationaux, la prospection, l’élaboration de programmes, la mise au point de matériel didactique, la logistique et le suivi.
- Dans ce cadre, la société pourra effectuer l’exploitation de cafétéria et de petite restauration, la fourniture de boissons, la location de différents matériels relatifs à ces activités.
- La société a pour buts l’information et la formation des personnes au moyen de cours, de publication, d’élaboration d’enquêtes, la mise en place de services de nature à améliorer ou à promouvoir la sécurité et la santé des personnes en général.
- Elle dispose, d’une manière générale, d’une pleine capacité juridique pour accomplir tous les actes et opérations ayant un rapport direct ou indirect avec son objet ou qui seraient de nature à faciliter directement ou indirectement, entièrement ou partiellement, la réalisation de cet objet.
- Elle peut s'intéresser par voie d'association, d'apport, de fusion, d'intervention financière ou autrement dans toutes sociétés, associations ou entreprises dont l'objet est identique, analogue ou connexe au sien ou susceptible de favoriser le développement de son entreprise ou de constituer pour elle une source de débouchés.
- Elle peut exercer les fonctions d’administrateur ou liquidateur dans d’autres sociétés.
- La société peut se porter garant ou fournir des sûretés réelles pour des sociétés ou des personnes privées, au sens le plus large.
Registered office and establishments
2 establishments| Establishment | Since | Unit number |
|---|---|---|
| Rue de Chèvremont 53 registered office 6150 Anderlues 82300 Organisation of conventions and trade shows | 12-06-2023 | 2.346.440.391 |
| Chaussée Paul Houtart (H-A) 88 7110 La Louvière 47242 Retail sale of chocolate and confectionery | 03-04-2024 | 2.359.791.056 |
Buildings and parcels at the addresses
- Ground area
- 4,496 m²
- Buildings
- 1,220 m²
- Volume, LiDAR
- 6,139 m³
- Tallest building
- 16.3 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 55020C0135/00T003 | 3,837 m² | 1 · 1,159 m² | 16.3 m · 2 |
| 56001A0234/00T000 | 659 m² | 1 · 61 m² | 11.6 m · 3 |
Contact
E-mail
info@copinel.com