COPROLOC
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 30-01-2026 PDF all 36 filings
Turnover
≈ €180,000
Estimated: probably between €110,000 and €330,000
Total assets
€335,413▲ 14.0%
2024 · €294,167
Net result
€18,129▼ 4.0%
2024 · €18,887
Working capital
€275,340▲ 14.9%
2024 · €239,676
In the rankings
#1 company by equity in Pepinster, Administrative and support services sector#1 oldest company in Pepinster, Administrative and support services sector#3 company by total assets in Pepinster, Administrative and support services sector
Multi-year overview
2019 to 2025, 7 financial yearsOperating result
€26,209
▼ 4.4%
2025
20192025
Net result
€18,129
▼ 4.0%
2025
middle half of the sector
20192025
Equity
€300,789
▲ 6.4%
2025
highest quarter of the sector
20192025
Total assets
€335,413
▲ 14.0%
2025
middle half of the sector
20192025
Debt
€34,624
▲ 201%
2025
20192025
Working capital
€275,340
▲ 14.9%
2025
highest quarter of the sector
20192025
Solvency
89.7%
▼ 6.4pp
2025
highest quarter of the sector
20192025
Current ratio
8.95
▼ 12.88
2025
highest quarter of the sector
20192025
Return on assets (ROA)
5.4%
▼ 1.0pp
2025
middle half of the sector
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result€11,443-€19,439▲ 69.9%€21,244▲ 9.3%€12,332▼ 42.0%€28,836▲ 134%€27,423▼ 4.9%€26,209▼ 4.4%
Net result€7,613-€13,721within the sector's middle half▲ 80.2%€15,339within the sector's middle half▲ 11.8%€8,784within the sector's middle half▼ 42.7%€20,060within the sector's middle half▲ 128%€18,887within the sector's middle half▼ 5.8%€18,129within the sector's middle half▼ 4.0%
Equity€205,869-€219,590above the sector's middle half▲ 6.7%€234,929above the sector's middle half▲ 7.0%€243,713above the sector's middle half▲ 3.7%€263,773above the sector's middle half▲ 8.2%€282,660above the sector's middle half▲ 7.2%€300,789above the sector's middle half▲ 6.4%
Total assets€217,310-€222,988within the sector's middle half▲ 2.6%€243,030within the sector's middle half▲ 9.0%€247,060within the sector's middle half▲ 1.7%€267,380within the sector's middle half▲ 8.2%€294,167within the sector's middle half▲ 10.0%€335,413within the sector's middle half▲ 14.0%
Debt€8,913-€1,713▼ 80.8%€7,259▲ 324%€3,347▼ 53.9%€3,607▲ 7.8%€11,507▲ 219%€34,624▲ 201%
Working capital€179,885-€202,267above the sector's middle half▲ 12.4%€206,546above the sector's middle half▲ 2.1%€165,660above the sector's middle half▼ 19.8%€203,255above the sector's middle half▲ 22.7%€239,676above the sector's middle half▲ 17.9%€275,340above the sector's middle half▲ 14.9%
Solvency94.7%-98.5%above the sector's middle half▲ 3.7pp96.7%above the sector's middle half▼ 1.8pp98.6%above the sector's middle half▲ 2.0pp98.7%above the sector's middle half=96.1%above the sector's middle half▼ 2.6pp89.7%above the sector's middle half▼ 6.4pp
Current ratio21.18-29.45above the sector's middle half50.50above the sector's middle half▲ 21.0457.35above the sector's middle half▲ 6.8521.83above the sector's middle half▼ 35.528.95above the sector's middle half▼ 12.88
Return on assets (ROA)3.5%-6.2%within the sector's middle half▲ 2.6pp6.3%within the sector's middle half▲ 0.2pp3.6%within the sector's middle half▼ 2.8pp7.5%within the sector's middle half▲ 3.9pp6.4%within the sector's middle half▼ 1.1pp5.4%within the sector's middle half▼ 1.0pp
above
within
below
The sector band is the middle half of the companies in Rental and leasing activities (NACE 77). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 4% lower than in 2024. It is the second fall in a row.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €335,413
Fixed assets
€25,449 ▼ 40.8%
Current assets
€309,964 ▲ 23.4%
Equity and liabilities €335,413
Equity
€300,789 ▲ 6.4%
Debt
€34,624 ▲ 201%
Debt's share of the balance-sheet total rises from 3.9% to 10.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€43,744▼
2024 · €44,958
Cash flow
€35,664▼
2024 · €36,422
Debt to equity
0.12▲
2024 · 0.04
ROE
6.0%▼
2024 · 6.7%
Interest coverage
over 100
2024 · over 100
Debt ≤ 1 year
€34,624▲
2024 · €11,507
Income taxes
€9,340▼
2024 · €9,449
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 30-06-2022 | 30-06-2023 | 30-06-2024 | 30-06-2025 |
|---|---|---|---|---|
| Tangible fixed assets | €66,186 | - | - | - |
| Depreciation and write-downs of the year | €17,359 | €17,535 | €17,535 | €17,535 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €15,083 | €9,504 | €11,270 | €17,359 | €17,535 | €17,535 | €17,535 | = |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €0 | - | - | - | - |
| Other operating charges640/8 | - | - | - | €2,491 | €1,482 | €1,893 | €1,897 | ▲ 0.2% |
| Gross operating margin9900 | €26,365 | €29,998 | €26,605 | €32,181 | €47,852 | €46,851 | €45,641 | ▼ 2.6% |
| Operating profit (loss)9901 | €11,443 | €19,439 | €21,244 | €12,332 | €28,836 | €27,423 | €26,209 | ▼ 4.4% |
| Financial income75/76B | - | - | - | €631 | €663 | €920 | €1,317 | ▲ 43.1% |
| Recurring financial income75 | €619 | €596 | €1,217 | €631 | €663 | €920 | €1,317 | ▲ 43.1% |
| Financial charges65/66B | - | - | - | €184 | €129 | €7 | €57 | ▲ 750% |
| Recurring financial charges65 | €114 | €74 | €78 | €184 | €129 | €7 | €57 | ▲ 750% |
| Profit (loss) for the period before taxes9903 | €11,948 | €19,961 | €22,383 | €12,779 | €29,369 | €28,336 | €27,469 | ▼ 3.1% |
| Transfer from deferred taxes780 | - | - | - | €843 | €0 | - | - | - |
| Income taxes67/77 | €5,599 | €7,083 | €7,886 | €4,837 | €9,309 | €9,449 | €9,340 | ▼ 1.2% |
| Profit (loss) for the period9904 | €7,613 | €13,721 | €15,339 | €8,784 | €20,060 | €18,887 | €18,129 | ▼ 4.0% |
| Transfer from tax-exempt reserves789 | - | - | - | €1,637 | €0 | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €10,068 | €15,358 | €16,976 | €10,421 | €20,060 | €18,887 | €18,129 | ▼ 4.0% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €217,310 | €222,988 | €243,030 | €247,060 | €267,380 | €294,167 | €335,413 | ▲ 14.0% |
| Fixed assets21/28 | €28,512 | €19,008 | €29,225 | €78,053 | €60,518 | €42,983 | €25,449 | ▼ 40.8% |
| Tangible fixed assets22/27 | €28,512 | €19,008 | €29,225 | €78,053 | €60,518 | €42,983 | €25,449 | ▼ 40.8% |
| Furniture and vehicles24 | - | - | - | €78,053 | €60,518 | €42,983 | €25,449 | ▼ 40.8% |
| Current assets29/58 | €188,798 | €203,980 | €213,805 | €169,007 | €206,862 | €251,183 | €309,964 | ▲ 23.4% |
| Amounts receivable within one year40/41 | €41,356 | €43,380 | €30,989 | €65,108 | €54,125 | €60,195 | €45,316 | ▼ 24.7% |
| Trade receivables40 | - | - | - | €16,383 | €19,979 | €18,803 | €3,597 | ▼ 80.9% |
| Other amounts receivable41 | - | - | - | €48,725 | €34,146 | €41,392 | €41,719 | ▲ 0.8% |
| Current investments50/53 | €45,689 | €45,688 | €45,668 | €29,648 | €29,652 | €29,865 | €30,073 | ▲ 0.7% |
| Cash at bank and in hand54/58 | €98,084 | €111,185 | €134,256 | €69,863 | €117,399 | €154,603 | €227,794 | ▲ 47.3% |
| Deferred charges and accrued income490/1 | - | - | - | €4,387 | €5,685 | €6,520 | €6,782 | ▲ 4.0% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €217,310 | €222,988 | €243,030 | €247,060 | €267,380 | €294,167 | €335,413 | ▲ 14.0% |
| Equity10/15 | €205,869 | €219,590 | €234,929 | €243,713 | €263,773 | €282,660 | €300,789 | ▲ 6.4% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | - | - | - | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | - | - | - | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Reserves13 | €142,810 | €156,173 | €171,037 | €179,400 | €198,900 | €217,700 | €235,800 | ▲ 8.3% |
| Non-distributable reserves130/1 | - | - | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Legal reserve130 | - | - | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Tax-exempt reserves132 | - | - | - | €0 | - | - | - | - |
| Distributable reserves133 | - | - | - | €173,200 | €192,700 | €211,500 | €229,600 | ▲ 8.6% |
| Profit (loss) carried forward14 | €1,059 | €1,417 | €1,892 | €2,313 | €2,873 | €2,960 | €2,989 | ▲ 1.0% |
| Provisions and deferred taxes16 | €2,528 | €1,685 | €843 | €0 | - | - | - | - |
| Deferred taxes168 | - | - | - | €0 | - | - | - | - |
| Amounts payable17/49 | €8,913 | €1,713 | €7,259 | €3,347 | €3,607 | €11,507 | €34,624 | ▲ 201% |
| Amounts payable within one year42/48 | €8,913 | €1,713 | €7,259 | €3,347 | €3,607 | €11,507 | €34,624 | ▲ 201% |
| Trade debts44 | €614 | €1,273 | €327 | €3,347 | €2,360 | €528 | €24,033 | ▲ 46× |
| Suppliers440/4 | - | - | - | €3,347 | €2,360 | €528 | €24,033 | ▲ 46× |
| Taxes, remuneration and social security45 | - | - | - | €0 | €1,247 | €10,979 | €10,592 | ▼ 3.5% |
| Taxes450/3 | - | - | - | €0 | €1,247 | €10,979 | €10,592 | ▼ 3.5% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €7,613 | €13,721 | €15,339 | €8,784 | €20,060 | €18,887 | €18,129 | ▼ 4.0% |
| + Depreciation and write-downs630 | €15,083 | €9,504 | €11,270 | €17,359 | €17,535 | €17,535 | €17,535 | = |
| Operating cash flow (approximation) | €22,696 | €23,225 | €26,609 | €26,143 | €37,595 | €36,422 | €35,664 | ▼ 2.1% |
| Investment in fixed assets (approximation) | - | €0 | -€21,488 | -€66,186 | €0 | €0 | €0 | - |
| Change in cash | - | €13,101 | €23,071 | -€64,394 | €47,536 | €37,205 | €73,190 | ▲ 96.7% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 31,368 companies had the same profile as COPROLOC has now. Two years later, 93.5% were still going and 0.5% had gone bankrupt.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
93.5%
was still going
5.9%
stopped otherwise
0.5%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of COPROLOC itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 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 31,368 companies, not a prediction for COPROLOC. 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.
Latest 10 of 36 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | micro format | 30-01-2026 | 2026-00022044 | |
| 30-06-2024 | micro format | 30-01-2025 | 2025-00020490 | |
| 30-06-2023 | micro format | 22-12-2023 | 2023-00537807 | |
| 30-06-2022 | micro format | 28-12-2022 | 2022-20549025 | |
| 30-06-2021 | micro format | 20-12-2021 | 2021-80900268 | |
| 30-06-2020 | micro format | 22-10-2020 | 2020-62700141 | |
| 30-06-2019 | micro format | 30-10-2019 | 2019-72200512 | |
| 30-06-2018 | micro format | 23-10-2018 | 2018-70000175 | |
| 30-06-2017 | micro format | 28-10-2017 | 2017-68800103 | |
| 30-06-2016 | full format | 08-11-2016 | 2016-67700310 |