COPRODUCT
ActiveSummary
COPRODUCT has been active since 1989 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€12,755) and a net result of -€10,070. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 11,720 sector peers (NACE 71, financial year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Overview
- Equity
- -€12,755
- Loss
- -€10,070
Why 52raises riskCapped at 59: negative equity1 change of registered office in 24 monthsLoss of €10,070, the second in a row (financial year 2025)Negative equity -€12,755lowers riskSize: total assets €13,995Show the evidence
Checked score
About 1 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 71, micro): better than 3% on solvency, 4% on liquidity, 4% on profitability and 1% on growth.
The bankruptcy probability was computed on 25-10-2026 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 7 accounts on average 21 days after the deadline; the sector median (NACE 71) for financial year 2024 is 8 days before the deadline, and 34% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Registered officeRegistered-office move
- Annual accounts filedfinancial year 2024 · full…
Financials · financial year 2025, micro format
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result stays negative: a loss of €7,419 in 2025 against €12,809 in 2024; the loss shrinks.
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 71, Architectural and engineering activities; technical testing and analysis: 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 6,621 companies that looked in July 2024 the way this one looks now, 4.5% went bankrupt within 24 months and 84.4% are still going.
- Micro
- 20 years or older
- negative equity
- a loss of 10% of the balance sheet or more
A further 1.0% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.1% 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 497,475 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 6,621 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 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €24,891 | €18,273 | €13,662 | €12,918 | €7,321 | €9,780 | €7,968 | €7,216 | ▼ 9.4% |
| Other operating charges640/8 | - | - | - | €2,705 | €2,055 | €1,782 | €1,891 | €1,695 | ▼ 10.4% |
| Non-recurring operating charges66A | - | - | - | - | - | €198 | - | - | - |
| Gross operating margin9900 | €29,066 | €16,558 | €16,960 | €23,896 | €22,417 | €14,699 | -€2,949 | €1,492 | - |
| Operating profit (loss)9901 | €1,854 | -€5,603 | €1,169 | €8,273 | €13,041 | €2,939 | -€12,809 | -€7,419 | ▲ 42.1% |
| Financial income75/76B | - | - | - | €0 | €2 | - | €21 | €13 | ▼ 39.5% |
| Recurring financial income75 | €1 | €0 | €0 | €0 | €2 | - | €21 | €13 | ▼ 39.5% |
| Financial charges65/66B | - | - | - | €2,188 | €1,430 | €1,364 | €2,269 | €2,380 | ▲ 4.9% |
| Recurring financial charges65 | €2,513 | €2,118 | €1,867 | €2,188 | €1,430 | €1,364 | €2,269 | €2,380 | ▲ 4.9% |
| Profit (loss) for the period before taxes9903 | -€658 | -€7,720 | -€697 | €6,085 | €11,612 | €1,575 | -€15,058 | -€9,787 | ▲ 35.0% |
| Income taxes67/77 | €114 | €233 | €232 | €289 | -€40 | €1,400 | €855 | €283 | ▼ 66.9% |
| Profit (loss) for the period9904 | -€772 | -€7,953 | -€930 | €5,797 | €11,652 | €175 | -€15,912 | -€10,070 | ▲ 36.7% |
| Profit (loss) for the period to be appropriated9905 | -€772 | -€7,953 | -€930 | €5,797 | €11,652 | €175 | -€15,912 | -€10,070 | ▲ 36.7% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €47,525 | €30,503 | €23,177 | €44,605 | €45,517 | €44,122 | €24,422 | €13,995 | ▼ 42.7% |
| Fixed assets21/28 | €40,871 | €23,307 | €13,566 | €28,824 | €24,172 | €25,912 | €17,765 | €11,853 | ▼ 33.3% |
| Tangible fixed assets22/27 | €40,736 | €23,172 | €13,431 | €28,689 | €24,037 | €25,777 | €17,630 | €11,718 | ▼ 33.5% |
| Plant, machinery and equipment23 | - | - | - | €3,304 | €4,597 | €2,862 | €2,053 | €1,561 | ▼ 24.0% |
| Furniture and vehicles24 | - | - | - | €22,594 | €17,434 | €21,692 | €15,139 | €10,157 | ▼ 32.9% |
| Other tangible fixed assets26 | - | - | - | €2,791 | €2,007 | €1,223 | €438 | - | - |
| Financial fixed assets28 | €135 | €135 | €135 | €135 | €135 | €135 | €135 | €135 | = |
| Current assets29/58 | €6,654 | €7,196 | €9,611 | €15,782 | €21,345 | €18,210 | €6,657 | €2,142 | ▼ 67.8% |
| Amounts receivable within one year40/41 | €4,754 | €5,073 | €7,483 | €4,869 | €18,920 | €12,163 | €3,888 | €1,125 | ▼ 71.1% |
| Trade receivables40 | - | - | - | €745 | €5,927 | €1,345 | €345 | €345 | = |
| Other amounts receivable41 | - | - | - | €4,123 | €12,993 | €10,817 | €3,542 | €780 | ▼ 78.0% |
| Cash at bank and in hand54/58 | €1,422 | €1,453 | €1,250 | €10,709 | €1,745 | €5,516 | €2,498 | €893 | ▼ 64.2% |
| Deferred charges and accrued income490/1 | - | - | - | €204 | €679 | €531 | €272 | €124 | ▼ 54.4% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €47,525 | €30,503 | €23,177 | €44,605 | €45,517 | €44,122 | €24,422 | €13,995 | ▼ 42.7% |
| Equity10/15 | €4,487 | -€3,467 | -€4,396 | €1,400 | €13,053 | €13,227 | -€2,685 | -€12,755 | ▼ 375% |
| Contributions10/11 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Capital10 | - | - | - | €18,592 | €18,592 | - | - | - | - |
| Issued capital100 | - | - | - | €18,592 | €18,592 | - | - | - | - |
| Reserves13 | €899 | €899 | €899 | €899 | €899 | €899 | €899 | €899 | = |
| Non-distributable reserves130/1 | - | - | - | €899 | €899 | €899 | €899 | €899 | = |
| Legal reserve130 | - | - | - | €899 | €899 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | - | - | €899 | €899 | - | - |
| Other1319 | - | - | - | - | - | - | - | €899 | - |
| Profit (loss) carried forward14 | -€15,004 | -€22,957 | -€23,887 | -€18,090 | -€6,438 | -€6,263 | -€22,176 | -€32,245 | ▼ 45.4% |
| Amounts payable17/49 | €43,038 | €33,970 | €27,573 | €43,205 | €32,464 | €30,894 | €27,107 | €26,750 | ▼ 1.3% |
| Amounts payable after more than one year17 | €3,686 | - | - | €12,480 | €3,991 | €3,406 | €268 | - | - |
| Financial debts170/4 | - | - | - | €12,480 | €3,991 | €3,406 | €268 | - | - |
| Amounts payable within one year42/48 | €37,552 | €33,070 | €27,573 | €30,725 | €28,474 | €26,588 | €26,839 | €26,750 | ▼ 0.3% |
| Current portion of amounts payable after more than one year42 | - | - | - | €8,337 | €8,489 | €6,976 | €3,137 | €268 | ▼ 91.4% |
| Financial debts43 | - | - | - | €15,118 | €8,163 | €11,532 | €20,082 | €24,254 | ▲ 20.8% |
| Credit institutions430/8 | - | - | - | €15,118 | €8,163 | €11,532 | €20,082 | €24,254 | ▲ 20.8% |
| Trade debts44 | €6,079 | €5,495 | €3,280 | €6,671 | €11,821 | €8,081 | €2,158 | €1,727 | ▼ 20.0% |
| Suppliers440/4 | - | - | - | €6,671 | €11,821 | €8,081 | €2,158 | €1,727 | ▼ 20.0% |
| Advances received on contracts in progress46 | - | - | - | - | - | - | - | €500 | - |
| Taxes, remuneration and social security45 | - | - | - | €600 | - | - | €1,461 | - | - |
| Taxes450/3 | - | - | - | €600 | - | - | €1,461 | - | - |
| Accrued charges and deferred income492/3 | - | - | - | - | - | €900 | €0 | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€772 | -€7,953 | -€930 | €5,797 | €11,652 | €175 | -€15,912 | -€10,070 | ▲ 36.7% |
| + Depreciation and write-downs630 | €24,891 | €18,273 | €13,662 | €12,918 | €7,321 | €9,780 | €7,968 | €7,216 | ▼ 9.4% |
| Operating cash flow (approximation) | €24,119 | €10,319 | €12,732 | €18,715 | €18,974 | €9,955 | -€7,944 | -€2,854 | ▲ 64.1% |
| Investment in fixed assets (approximation) | - | -€709 | -€3,921 | -€28,176 | -€2,670 | -€11,520 | €179 | -€1,304 | - |
| Change in cash | - | €30 | -€202 | €9,458 | -€8,963 | €3,771 | -€3,018 | -€1,605 | ▲ 46.8% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 37 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 25-07-2026 | 2026-00331369 |
| 31-12-2024 | full format | 22-10-2025 | 2025-00547068 |
| 31-12-2023 | micro format | 30-08-2024 | 2024-00406584 |
| 31-12-2022 | micro format | 28-07-2023 | 2023-00284268 |
| 31-12-2021 | micro format | 04-08-2022 | 2022-20268383 |
| 31-12-2020 | micro format | 22-07-2021 | 2021-38800471 |
| 31-12-2019 | micro format | 18-09-2020 | 2020-54200179 |
| 31-12-2018 | micro format | 29-08-2019 | 2019-56400360 |
| 31-12-2017 | micro format | 28-08-2018 | 2018-53600192 |
| 31-12-2016 | micro format | 23-08-2017 | 2017-47300158 |
Similar companies · same sector and region
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| MIESSE Yves,Jean-François,Ghislain |
|
Owners and capital
Capital and shareholders
- MIESSE Yves,Jean-François,Ghislain 400 shares
- DAMBOIS Sabine,Lucienne,Marie-Louise 350 shares
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
- 13-12-2023 Converted to unavailable equity
- 13-12-2023 Converted to unavailable equity · €19,491.01
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
01-04
Gazette deed
Registered officeRegistered-office move3 facts ▸
- Registered-office move, 6181 Gouy-lez-Piéton, Fond des Rys 6
- Board meeting, “conseil” (deed in French)
- General meeting
13-12
Gazette deed
Resignation: MIESSE Yves,Jean-François,Ghislain (director)Reappointment: MIESSE Yves,Jean-François,Ghislain (director) · Shareholding · Purpose change16 facts ▸
- General meeting, 11-12-2023
- Shareholding, 11-12-2023, “actions” (deed in French) (2 times)
- Other provision, 750, “totalité actions émises” (deed in French)
- Other provision, “régime matrimonial, communauté” (deed in French)
- Other provision, “état matrimonial, mariée avec monsieur Miesse,précité” (deed in French)
- Purpose change
- Other provision, “unanimité, adaptation statuts au CSA” (deed in French)
- Legal-form conversion, “société à responsabilité limitée” (deed in French)
- Capital conversion, “compte de capitaux propres statutairement indisponible” (deed in French)
- Amendment of the articles
- Capital
- Capital conversion, “compte de capitaux propres indisponible” (deed in French)
- +4 further facts in this act
Show earlier events
About the unread acts
Of the 4 Belgian Official Gazette deeds we know for this company, 2 have been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 26 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
2 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 52031B0336/00P000 | Wallonia | 549 m² | 1 · 100 m² | 11.2 m · 3 |
| 52031B0315/00B004 | Wallonia | 546 m² | 1 · 64 m² | 12.3 m · 3 |
How the parcels are linked
Articles of association
What the company does
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- COPRODUCT
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région wallonne, sièges administratifs,agences,ateliers,dépôts et succursales en Belgique et à l’étranger par simple décision organe…” (deed in French)
Capital, shares and profit
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Toutes_cessions_entre_vifs_onéreux_gratuit_volontaires_forcées_exclusion_retrait_usufruit_nue-propriété_pleine_propriété_actions_autres_titr…” (deed in French)“Librement, 14.2” (deed in French)“Actions appartenant a actionnaire, 14.4” (deed in French)“Droit autres actionnaires reclamer dommage plus eleve, 14.5” (deed in French)“14.6, declaration transfert inscrite registre relative aux titres” (deed in French)“14.7, cession action non liberee” (deed in French)1 more provision on this in the deed
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Formes modifications aux statuts, 43” (deed in French)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Quelque cause et moment, 44” (deed in French)1 more provision on this in the deed