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COPS

Active
Private limited company (pre-2019)founded 2004active for 22 yearsKBO/BCE: BE 0864.964.242
Summary

The computed 12-month bankruptcy probability of COPS is 19.0% (high). For COPS, at least two filing cycles of the annual accounts are missing. The 2021 annual accounts show negative equity (-€78,128) and a net result of -€33,908. Equity is shrinking by about 39% per year across the filed financial years. The company has been active since 2004 and the Belgian Official Gazette contains no insolvency signals. The KBO does carry 1 administrative register entry (see administrative flags).

Financials · financial year 2021, micro format

2022 annual accounts not yet filed, deadline passed on 31 July 2023 Financial year closed on 31 December 2022; filing due at the latest 7 months after the close (Companies Code art. 3:10). 4 financial years without a filing since the last one filed. Source: NBB filings, as of 29 October 2026.

Equity
-€78,128▼ 76.7%
2020 · -€44,220
Total assets
€18,507▲ 16.5%
2020 · €15,893
Net result
-€33,908▼ 192%
2020 · -€11,618
Working capital
-€92,986▼ 62.4%
2020 · -€57,261
Trend over the years

2018 to 2021, 4 financial years 2018 to 2021, 4 financial years

The operating result stays negative: a loss of €33,671 in 2021 against €11,220 in 2020; the loss grows and 2021 has the lowest result in the available series.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result-€33,671 2021 Net result-€33,908 2021

Use the arrow keys on the chart for the figures per year.

Every figure with its change against the financial year before
favourable unfavourable
Line2018201920202021
Operating result-€13,986--€9,653▲ 31.0%-€11,220▼ 16.2%-€33,671▼ 200%
Net result-€14,036--€9,782▲ 30.3%-€11,618▼ 18.8%-€33,908▼ 192%
Equity-€22,819--€32,601▼ 42.9%-€44,220▼ 35.6%-€78,128▼ 76.7%
Total assets€13,061-€9,445▼ 27.7%€15,893▲ 68.3%€18,507▲ 16.5%
Debt€35,880-€42,046▲ 17.2%€60,112▲ 43.0%€96,635▲ 60.8%
Working capital-€35,440--€41,836▼ 18.0%-€57,261▼ 36.9%-€92,986▼ 62.4%
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €18,507
Fixed assets €14,858 ▲ 13.9%
Current assets €3,649 ▲ 28.0%
Equity and liabilities
Equity-€78,128
Debt€96,635
Equity is negative: debt (€96,635) exceeds the balance-sheet total (€18,507).
Key figures and ratios
2021 value · change against 2020
EBITDA
-€27,180▼
2020 · -€6,295
Cash flow
-€27,417▼
2020 · -€6,693
Solvency
-422.1%▼
2020 · -278.2%
Current ratio
0.04▼
2020 · 0.05
ROA
-183.2%▼
2020 · -73.1%
Interest coverage
-226.50
Debt ≤ 1 year
€96,635▲
2020 · €60,112
Income taxes
€117▼
2020 · €265
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2021 against 2020 · 39 lines
Balance sheet Code20202021
Assets
Total assets20/58€15,893€18,507▲
Fixed assets21/28€13,041€14,858▲
Tangible fixed assets22/27€12,678€14,495▲
Plant, machinery and equipment23-€2,764
Furniture and vehicles24-€4,918
Other tangible fixed assets26-€6,813
Financial fixed assets28€363€363=
Current assets29/58€2,851€3,649▲
Amounts receivable within one year40/41€2,471€2,995▲
Trade receivables40-€2,856
Other amounts receivable41-€139
Cash at bank and in hand54/58€380€654▲
Equity and liabilities
Total equity and liabilities10/49€15,893€18,507▲
Equity10/15-€44,220-€78,128▼
Contributions10/11-€11,250
Reserves13€247€247=
Non-distributable reserves130/1-€247
Reserves not available under the articles1311-€247
Profit (loss) carried forward14-€55,717-€89,625▼
Amounts payable17/49€60,112€96,635▲
Amounts payable within one year42/48€60,112€96,635▲
Trade debts44€595€3,747▲
Suppliers440/4-€3,747
Taxes, remuneration and social security45-€1,282
Taxes450/3-€282
Remuneration and social security454/9-€1,000
Other amounts payable47/48-€91,607
Income statement Code20202021
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4,925€6,491▲
Other operating charges640/8-€2,040
Gross operating margin9900-€5,383-€25,140▼
Operating profit (loss)9901-€11,220-€33,671▼
Financial charges65/66B-€120
Recurring financial charges65€133€120▼
Profit (loss) for the period before taxes9903-€11,353-€33,791▼
Income taxes67/77€265€117▼
Profit (loss) for the period9904-€11,618-€33,908▼
Profit (loss) for the period to be appropriated9905-€11,618-€33,908▼
Appropriation of the result
Profit (loss) to be appropriated9906--€89,625
Profit (loss) brought forward from the previous period14P--€55,717

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2018201920202021Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3,386€3,386€4,925€6,491▲ 31.8%
Other operating charges640/8---€2,040-
Gross operating margin9900-€9,125-€5,386-€5,383-€25,140▼ 367%
Operating profit (loss)9901-€13,986-€9,653-€11,220-€33,671▼ 200%
Financial charges65/66B---€120-
Recurring financial charges65-€79€133€120▼ 10.0%
Profit (loss) for the period before taxes9903-€13,986-€9,732-€11,353-€33,791▼ 198%
Income taxes67/77€50€50€265€117▼ 55.9%
Profit (loss) for the period9904-€14,036-€9,782-€11,618-€33,908▼ 192%
Profit (loss) for the period to be appropriated9905-€14,036-€9,782-€11,618-€33,908▼ 192%
Line2018201920202021Change
Assets
Total assets20/58€13,061€9,445€15,893€18,507▲ 16.5%
Fixed assets21/28€12,621€9,235€13,041€14,858▲ 13.9%
Tangible fixed assets22/27€12,258€8,872€12,678€14,495▲ 14.3%
Plant, machinery and equipment23---€2,764-
Furniture and vehicles24---€4,918-
Other tangible fixed assets26---€6,813-
Financial fixed assets28€363€363€363€363=
Current assets29/58€440€210€2,851€3,649▲ 28.0%
Amounts receivable within one year40/41-€41€2,471€2,995▲ 21.2%
Trade receivables40---€2,856-
Other amounts receivable41---€139-
Cash at bank and in hand54/58€440€168€380€654▲ 72.1%
Equity and liabilities
Total equity and liabilities10/49€13,061€9,445€15,893€18,507▲ 16.5%
Equity10/15-€22,819-€32,601-€44,220-€78,128▼ 76.7%
Contributions10/11€11,250€11,250-€11,250-
Reserves13€247€247€247€247=
Non-distributable reserves130/1---€247-
Reserves not available under the articles1311---€247-
Profit (loss) carried forward14-€34,316-€44,098-€55,717-€89,625▼ 60.9%
Amounts payable17/49€35,880€42,046€60,112€96,635▲ 60.8%
Amounts payable within one year42/48€35,880€42,046€60,112€96,635▲ 60.8%
Trade debts44-€1,943€595€3,747▲ 530%
Suppliers440/4---€3,747-
Taxes, remuneration and social security45---€1,282-
Taxes450/3---€282-
Remuneration and social security454/9---€1,000-
Other amounts payable47/48---€91,607-
Line2018201920202021Change
Profit (loss) for the period9904-€14,036-€9,782-€11,618-€33,908▼ 192%
+ Depreciation and write-downs630€3,386€3,386€4,925€6,491▲ 31.8%
Operating cash flow (approximation)-€10,650-€6,396-€6,693-€27,417▼ 310%
Investment in fixed assets (approximation)-€0-€8,731-€8,309▲ 4.8%
Change in cash--€272€212€274▲ 29.3%

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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Latest 10 of 17 filings with the National Bank
Financial year Type Filed Reference
31-12-2021 micro format 22-09-2022 2022-20441241
31-12-2020 micro format 07-07-2021 2021-33000471
31-12-2019 micro format 16-06-2020 2020-17200048
31-12-2018 micro format 21-08-2019 2019-49200107
31-12-2017 micro format 13-09-2018 2018-63100069
31-12-2016 micro format 08-09-2017 2017-60600243
31-12-2015 full format 30-08-2016 2016-57800275
31-12-2014 full format 28-08-2015 2015-52600255
31-12-2013 full format 29-08-2014 2014-52100077
31-12-2012 full format 29-09-2013 2013-60400584

Show all 17 filings

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.