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COPRHA

Active
Public limited companyfounded 199134 yrs activeRue du Manège 65, 6640 Vaux-sur-Sûre, BelgiumKBO/BCE: BE 0445.476.854
Summary

COPRHA has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €206,758 and a net result of -€1,490. Equity is growing by ~6% per year across the filed fiscal years. Its solvency ranks better than 88% of 2033 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Checked score

Score 2025
Axes · tick = 2024
Profitability36▲+1
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €15,000 at 30 days acceptable
Liquidity ample (current ratio 5.92 against 6.13 in 2024; short-term debt: 16.6% and cash: 7.4% of total assets), and 16.6% of the assets are financed with debt.
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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 34 years 0 40 y
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filings
Deviation from the deadline
2025
31 d late
2024
61 d late
2023
30 d late
2022
31 d late
2021
36 d late
2020
163 d late
2019
92 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 63 days after the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 33% of the sector filed late.

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. Usually files around 31 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

COPRHA was incorporated on 16 October 1991.1 Total assets went from EUR 257,785 in 2018 to EUR 247,990 in 2025 and headcount from 5.4 full-time equivalents in 2018 to 1.4 in 2021.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018, 2021 and 2025

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Financials · fiscal year 2025, abbreviated schema

Equity
€206,758▼ 0.7%
2024 · €208,248
Total assets
€247,990=
2024 · €248,067
Net result
-€1,490▲ 43.5%
2024 · -€2,640
Working capital
€202,903▼ 0.7%
2024 · €204,393
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Operating result€103,572▲ 532%€18,460▼ 82.2%-€3,299€545-€456
Net result€87,688above the sector's middle half▲ 601%€10,993within the sector's middle half▼ 87.5%-€6,463below the sector's middle half-€2,640below the sector's middle half▲ 59.2%-€1,490below the sector's middle half▲ 43.5%
Equity€206,358above the sector's middle half▲ 73.9%€217,351above the sector's middle half▲ 5.3%€210,888above the sector's middle half▼ 3.0%€208,248above the sector's middle half▼ 1.3%€206,758within the sector's middle half▼ 0.7%
Total assets€258,308within the sector's middle half▲ 8.9%€262,601within the sector's middle half▲ 1.7%€248,635within the sector's middle half▼ 5.3%€248,067within the sector's middle half▼ 0.2%€247,990within the sector's middle half=
Debt€51,951▼ 56.2%€45,250▼ 12.9%€37,747▼ 16.6%€39,819▲ 5.5%€41,232▲ 3.5%
Working capital€201,388above the sector's middle half▲ 75.9%€212,939above the sector's middle half▲ 5.7%€207,033above the sector's middle half▼ 2.8%€204,393above the sector's middle half▼ 1.3%€202,903within the sector's middle half▼ 0.7%
Solvency79.9%above the sector's middle half▲ 29.9pp82.8%above the sector's middle half▲ 2.9pp84.8%above the sector's middle half▲ 2.0pp83.9%above the sector's middle half▼ 0.9pp83.4%above the sector's middle half▼ 0.6pp
Current ratio4.88above the sector's middle half▲ 2.915.71above the sector's middle half▲ 0.836.48above the sector's middle half▲ 0.786.13above the sector's middle half▼ 0.355.92above the sector's middle half▼ 0.21
Return on assets (ROA)33.9%above the sector's middle half▲ 28.7pp4.2%within the sector's middle half▼ 29.8pp-2.6%below the sector's middle half▼ 6.8pp-1.1%below the sector's middle half▲ 1.5pp-0.6%below the sector's middle half▲ 0.5pp
Staff (FTE)1.4▼ 64.1%
above within below the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€50,000€0€50,000€100,000Operating result 2021: €103,572€103,572Net result 2021: €87,688€87,688Operating result 2022: €18,460€18,460Net result 2022: €10,993€10,993Operating result 2023: -€3,299-€3,299Net result 2023: -€6,463-€6,463Operating result 2024: €545€545Net result 2024: -€2,640-€2,640Operating result 2025: -€456-€456Net result 2025: -€1,490-€1,49020212022202320242025-€8,000-€6,000-€4,000-€2,000€0Operating result 2023: -€3,299-€3,300Net result 2023: -€6,463-€6,460Operating result 2024: €545€545Net result 2024: -€2,640-€2,640Operating result 2025: -€456-€456Net result 2025: -€1,490-€1,490202320242025
The operating result turns negative in 2025: a loss of €456 after €545 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €247,990
Fixed assets €3,855 =
Current assets €244,136 =
Equity and liabilities €247,990
Equity €206,758 ▼ 0.7%
Debt €41,232 ▲ 3.5%
Debt's share of the balance-sheet total rises from 16.1% to 16.6%. Equity is lower and debt is higher.
Key figures and ratios
2025 value · change against 2024
Debt to equity
0.20▲
2024 · 0.19
ROE
-0.7%▲
2024 · -1.3%
Debt ≤ 1 year
€41,232▲
2024 · €39,819
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 12,321 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 90% are still going.

  • Micro
  • 20 years or older
  • solvency 30% or more
  • a small loss
0.7% went bankrupt
8.6% stopped otherwise
90% still going

A further 0.5% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.1% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.9%
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% 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 12,321 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.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 33 lines
Balance sheet Code20242025
Assets
Total assets20/58€248,067€247,990=
Fixed assets21/28€3,855€3,855=
Financial fixed assets28€3,855€3,855=
Current assets29/58€244,212€244,136=
Amounts receivable within one year40/41€230,537€225,828▼
Trade receivables40€99,120€94,411▼
Other amounts receivable41€131,417€131,417=
Cash at bank and in hand54/58€13,676€18,308▲
Equity and liabilities
Total equity and liabilities10/49€248,067€247,990=
Equity10/15€208,248€206,758▼
Contributions10/11€62,000€62,000=
Capital10€62,000€62,000=
Issued capital100€62,000€62,000=
Reserves13€61,976€61,976=
Non-distributable reserves130/1€6,200€6,200=
Legal reserve130€6,200€6,200=
Distributable reserves133€55,776€55,776=
Profit (loss) carried forward14€84,272€82,782▼
Amounts payable17/49€39,819€41,232▲
Amounts payable within one year42/48€39,819€41,232▲
Taxes, remuneration and social security45€22,861€24,274▲
Taxes450/3€22,861€24,274▲
Other amounts payable47/48€16,958€16,958=
Income statement Code20242025
Other operating charges640/8€2,931€400▼
Gross operating margin9900€3,476-€56▼
Operating profit (loss)9901€545-€456▼
Financial charges65/66B€3,184€1,034▼
Recurring financial charges65€3,184€1,034▼
Profit (loss) for the period before taxes9903-€2,640-€1,490▲
Profit (loss) for the period9904-€2,640-€1,490▲
Profit (loss) for the period to be appropriated9905-€2,640-€1,490▲
Appropriation of the result
Profit (loss) to be appropriated9906€84,272€82,782▼
Profit (loss) brought forward from the previous period14P€86,912€84,272▼

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Remuneration, social security and pensions62€37,039-€180----
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€912€557€557---
Other operating charges640/8€5,192€653€384€2,931€400▼ 86.4%
Gross operating margin9900€146,715€19,491-€2,357€3,476-€56▼ 102%
Operating profit (loss)9901€103,572€18,460-€3,299€545-€456▼ 184%
Financial income75/76B€250€46----
Recurring financial income75€250€46----
Financial charges65/66B€3,454€3,442€3,164€3,184€1,034▼ 67.5%
Recurring financial charges65€3,454€3,442€3,164€3,184€1,034▼ 67.5%
Profit (loss) for the period before taxes9903€100,367€15,064-€6,463-€2,640-€1,490▲ 43.5%
Income taxes67/77€12,680€4,070----
Profit (loss) for the period9904€87,688€10,993-€6,463-€2,640-€1,490▲ 43.5%
Profit (loss) for the period to be appropriated9905€87,688€10,993-€6,463-€2,640-€1,490▲ 43.5%
Line20212022202320242025Change
Assets
Total assets20/58€258,308€262,601€248,635€248,067€247,990=
Fixed assets21/28€4,970€4,412€3,855€3,855€3,855=
Tangible fixed assets22/27€1,115€557----
Furniture and vehicles24€1,115€557----
Financial fixed assets28€3,855€3,855€3,855€3,855€3,855=
Current assets29/58€253,339€258,189€244,781€244,212€244,136=
Amounts receivable within one year40/41€178,442€191,582€231,240€230,537€225,828▼ 2.0%
Trade receivables40€97,026€90,166€99,823€99,120€94,411▼ 4.8%
Other amounts receivable41€81,417€101,417€131,417€131,417€131,417=
Cash at bank and in hand54/58€74,896€66,607€13,541€13,676€18,308▲ 33.9%
Equity and liabilities
Total equity and liabilities10/49€258,308€262,601€248,635€248,067€247,990=
Equity10/15€206,358€217,351€210,888€208,248€206,758▼ 0.7%
Contributions10/11€62,000€62,000€62,000€62,000€62,000=
Capital10€62,000€62,000€62,000€62,000€62,000=
Issued capital100€62,000€62,000€62,000€62,000€62,000=
Reserves13€61,976€61,976€61,976€61,976€61,976=
Non-distributable reserves130/1€6,200€6,200€6,200€6,200€6,200=
Legal reserve130€6,200€6,200€6,200€6,200€6,200=
Distributable reserves133€55,776€55,776€55,776€55,776€55,776=
Profit (loss) carried forward14€82,382€93,375€86,912€84,272€82,782▼ 1.8%
Amounts payable17/49€51,951€45,250€37,747€39,819€41,232▲ 3.5%
Amounts payable within one year42/48€51,951€45,250€37,747€39,819€41,232▲ 3.5%
Trade debts44€1,107€1,398----
Suppliers440/4€1,107€1,398----
Taxes, remuneration and social security45€36,638€29,124€20,789€22,861€24,274▲ 6.2%
Taxes450/3€36,475€29,124€20,789€22,861€24,274▲ 6.2%
Remuneration and social security454/9€163-----
Other amounts payable47/48€14,205€14,728€16,958€16,958€16,958=
Line20212022202320242025Change
Profit (loss) for the period9904€87,688€10,993-€6,463-€2,640-€1,490▲ 43.5%
+ Depreciation and write-downs630€912€557€557---
Operating cash flow (approximation)€88,600€11,551-€5,906-€2,640-€1,490▲ 43.5%
Investment in fixed assets (approximation)-€0€0€0€0-
Change in cash--€8,290-€53,066€135€4,632▲ 3,326%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
31-08
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
30-09
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
30-08
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-08
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
05-09
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 36 days late
10-01
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 163 days late
2021
31-12
Financial Highest result since 2018net €87,688 ▲601%
Operating result €103,572, net result €87,688, both a record.
31-12
Financial Liquidity doublescurrent ratio 4.88
Current ratio from 1.97 to 4.88; short-term debt falls from €118,537 to €51,951.
31-12
Financial Equity above €200,000Eq €206,358 ▲73.9%
2 profitable years in a row build equity to €206,358.
2020
31-12
Financial Back to profitnet €12,502
Net result €12,502 after one loss-making year.
31-10
NBB filing Annual accounts filed
fiscal year 2019 · micro schema · 92 days late
2019
31-12
Financial Weakest financial yearnet -€27,340
Net result drops to -€27,340, the lowest in the series; recovery starts the following year.
Show earlier events
16-12
NBB filing Annual accounts filed
fiscal year 2018 · micro schema · 138 days late
15-05
NBB filing Annual accounts filed
fiscal year 2017 · micro schema · 288 days late
2017
20-09
NBB filing Annual accounts filed
fiscal year 2016 · full schema · 51 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts

We know of 7 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
7 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, Vaux-sur-Sûre · 1 establishment unit since 2013
exact location from the address register On OpenStreetMap
Ground area
1,858 m²
Building footprint
176 m²
Volume, LiDAR
1,162 m³
Parcel 82031C1328/00M000, Wallonia · tallest building 9.4 m, ±2 floors. Linked by address, not a title deed.
4 companies at this address See who is registered here
1 establishment unit
Le Dressing
Weyler, Zone artisanale 2, 6700 ArlonJoinery installation
since 20132.218.086.825
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
82031C1328/00M000 Wallonia 1,858 m² 1 · 176 m² 9.4 m · 2 fl.
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Structure & network

Owners and holdings

1 owner

Chain of control

  1. MAPI HOLDING 100%
  2. COPRHA

Highest known parent: MAPI HOLDING. The sources do not say who stands above it.

Owners 1

Holdings 0

No holding stated in the accounts, acts or LEI register we read.

According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Recognitions · licences · registrations

Recognised contractor

1 category
COPRHA SA40396
category D5, class 1
decision 14-05-2025

Similar companies · same sector, comparable size

Of 3,924 companies in sector 71112 we hold annual accounts for 1,296. 948 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPublic limited company
Founded16-10-1991
Fiscal year end31-12
Activities, NACEBEL 2025
71112Activities of interior architects
46190Agents in non-specialised wholesale trade
E-invoicing
Reachable via Peppol
Peppol ID 0208:0445476854
Also 9925:BE0445476854
Registered 05-01-2026

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 29 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.