COPSO
ActiveSummary
COPSO has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €54,617 and a net result of -€7,324. Equity is growing by ~8.7% per year across the filed fiscal years. Its solvency ranks better than 95% of 28254 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability3▼-73
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
1.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,000 at 30 days acceptable
Liquidity ample (current ratio 12.88 against 6.11 in 2024; short-term debt: 7.7% and cash: 94.3% of total assets), and 7.7% 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more 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 dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
92.3%
Return on assets
-12.4%
Age of the figures
9 mo
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 10-07-2026, 21 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
21 d early
2024
71 d early
2023
16 d early
2022
on the day
2021
31 d early
2020
31 d late
2019
100 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 1 day before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% 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 10 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€54,617▼ 11.8%
2024 · €61,941
Total assets
€59,170▼ 19.7%
2024 · €73,711
Net result
-€7,324
2024 · €4,501
Working capital
€54,088▼ 10.0%
2024 · €60,094
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, 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€15,357▼ 37.6%€14,109▼ 8.1%€13,183▼ 6.6%€7,051▼ 46.5%-€7,269
Net result€10,212within the sector's middle half▼ 53.3%€9,527within the sector's middle half▼ 6.7%€8,864within the sector's middle half▼ 7.0%€4,501within the sector's middle half▼ 49.2%-€7,324below the sector's middle half
Equity€48,650within the sector's middle half▼ 4.5%€48,576within the sector's middle half▼ 0.2%€57,440within the sector's middle half▲ 18.2%€61,941within the sector's middle half▲ 7.8%€54,617within the sector's middle half▼ 11.8%
Total assets€70,195within the sector's middle half▼ 16.4%€77,424within the sector's middle half▲ 10.3%€64,968below the sector's middle half▼ 16.1%€73,711within the sector's middle half▲ 13.5%€59,170below the sector's middle half▼ 19.7%
Debt€21,545▼ 34.8%€28,848▲ 33.9%€7,528▼ 73.9%€11,770▲ 56.3%€4,553▼ 61.3%
Working capital€43,834within the sector's middle half▼ 1.9%€43,741within the sector's middle half▼ 0.2%€53,923within the sector's middle half▲ 23.3%€60,094within the sector's middle half▲ 11.4%€54,088within the sector's middle half▼ 10.0%
Solvency69.3%above the sector's middle half▲ 8.6pp62.7%within the sector's middle half▼ 6.6pp88.4%above the sector's middle half▲ 25.7pp84.0%above the sector's middle half▼ 4.4pp92.3%above the sector's middle half▲ 8.3pp
Current ratio3.04within the sector's middle half▲ 0.682.52within the sector's middle half▼ 0.528.16above the sector's middle half▲ 5.656.11above the sector's middle half▼ 2.0612.88above the sector's middle half▲ 6.77
Return on assets (ROA)14.5%within the sector's middle half▼ 11.5pp12.3%within the sector's middle half▼ 2.2pp13.6%within the sector's middle half▲ 1.3pp6.1%within the sector's middle half▼ 7.5pp-12.4%below the sector's middle half▼ 18.5pp
Staff (FTE)
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €7,269 after €7,051 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €59,170
Fixed assets
€529 ▼ 71.3%
Current assets
€58,641 ▼ 18.4%
Equity and liabilities €59,170
Equity
€54,617 ▼ 11.8%
Debt
€4,553 ▼ 61.3%
Debt's share of the balance-sheet total falls from 16.0% to 7.7%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€5,951▼
2024 · €8,368
Cash flow
-€6,006▼
2024 · €5,819
Debt to equity
0.08▼
2024 · 0.19
ROE
-13.4%▼
2024 · 7.3%
Interest coverage
-107.71▼
2024 · 15.97
Debt ≤ 1 year
€4,553▼
2024 · €11,770
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,836 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a loss of 10% of the balance sheet or more
1.5%
went bankrupt
13%
stopped otherwise
84%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.5% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 5,836 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €271 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,195 | €607 | €1,318 | €1,318 | €1,318 | = |
| Other operating charges640/8 | €809 | €470 | €512 | €515 | €571 | ▲ 10.9% |
| Gross operating margin9900 | €17,632 | €15,186 | €15,013 | €8,883 | -€5,380 | ▼ 161% |
| Operating profit (loss)9901 | €15,357 | €14,109 | €13,183 | €7,051 | -€7,269 | ▼ 203% |
| Financial income75/76B | €183 | €284 | €212 | €75 | - | - |
| Recurring financial income75 | €183 | €284 | €212 | €75 | - | - |
| Financial charges65/66B | €186 | €99 | €95 | €524 | €55 | ▼ 89.5% |
| Recurring financial charges65 | €186 | €99 | €95 | €524 | €55 | ▼ 89.5% |
| Profit (loss) for the period before taxes9903 | €15,353 | €14,294 | €13,300 | €6,602 | -€7,324 | ▼ 211% |
| Income taxes67/77 | €5,142 | €4,767 | €4,436 | €2,101 | - | - |
| Profit (loss) for the period9904 | €10,212 | €9,527 | €8,864 | €4,501 | -€7,324 | ▼ 263% |
| Profit (loss) for the period to be appropriated9905 | €10,212 | €9,527 | €8,864 | €4,501 | -€7,324 | ▼ 263% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €70,195 | €77,424 | €64,968 | €73,711 | €59,170 | ▼ 19.7% |
| Fixed assets21/28 | €4,826 | €4,835 | €3,517 | €1,847 | €529 | ▼ 71.3% |
| Tangible fixed assets22/27 | €4,474 | €4,483 | €3,165 | €1,847 | €529 | ▼ 71.3% |
| Plant, machinery and equipment23 | €4,474 | €4,483 | €3,165 | €1,847 | €529 | ▼ 71.3% |
| Financial fixed assets28 | €352 | €352 | €352 | - | - | - |
| Current assets29/58 | €65,369 | €72,589 | €61,451 | €71,864 | €58,641 | ▼ 18.4% |
| Amounts receivable within one year40/41 | €5,683 | €2,652 | €2,346 | €2,927 | €2,829 | ▼ 3.4% |
| Trade receivables40 | €2,733 | €1,028 | €930 | €389 | €930 | ▲ 139% |
| Other amounts receivable41 | €2,951 | €1,624 | €1,416 | €2,539 | €1,899 | ▼ 25.2% |
| Cash at bank and in hand54/58 | €58,144 | €68,328 | €59,105 | €67,029 | €55,811 | ▼ 16.7% |
| Deferred charges and accrued income490/1 | €1,542 | €1,609 | - | €1,908 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €70,195 | €77,424 | €64,968 | €73,711 | €59,170 | ▼ 19.7% |
| Equity10/15 | €48,650 | €48,576 | €57,440 | €61,941 | €54,617 | ▼ 11.8% |
| Contributions10/11 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €30,058 | €29,984 | €38,848 | €43,349 | €43,349 | = |
| Non-distributable reserves130/1 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Reserves not available under the articles1311 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Distributable reserves133 | €28,198 | €28,125 | €36,989 | €41,490 | €41,490 | = |
| Profit (loss) carried forward14 | - | - | - | - | -€7,324 | - |
| Amounts payable17/49 | €21,545 | €28,848 | €7,528 | €11,770 | €4,553 | ▼ 61.3% |
| Amounts payable within one year42/48 | €21,535 | €28,848 | €7,528 | €11,770 | €4,553 | ▼ 61.3% |
| Trade debts44 | €3,633 | €7,781 | €1,628 | €3,176 | €400 | ▼ 87.4% |
| Suppliers440/4 | €3,633 | €7,781 | €1,628 | €3,176 | €400 | ▼ 87.4% |
| Taxes, remuneration and social security45 | €5,402 | €9,909 | €4,436 | €4,436 | - | - |
| Taxes450/3 | €5,402 | €9,909 | €4,436 | €4,436 | - | - |
| Other amounts payable47/48 | €12,500 | €11,157 | €1,464 | €4,158 | €4,153 | ▼ 0.1% |
| Accrued charges and deferred income492/3 | €11 | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €10,212 | €9,527 | €8,864 | €4,501 | -€7,324 | ▼ 263% |
| + Depreciation and write-downs630 | €1,195 | €607 | €1,318 | €1,318 | €1,318 | = |
| Operating cash flow (approximation) | €11,406 | €10,134 | €10,182 | €5,819 | -€6,006 | ▼ 203% |
| Investment in fixed assets (approximation) | - | -€616 | €0 | €352 | €0 | ▼ 100% |
| Change in cash | - | €10,184 | -€9,223 | €7,924 | -€11,218 | ▼ 242% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
10-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Liquidity doublescurrent ratio 12.88
Current ratio from 6.11 to 12.88; short-term debt falls from €11,770 to €4,553.
21-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
15-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity triplescurrent ratio 8.16
Current ratio from 2.52 to 8.16; short-term debt falls from €28,848 to €7,528.
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Back to profitnet €21,851
Net result €21,851 after 2 loss-making years.
08-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 100 days late
2019
23-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 23 days late
2018
13-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 13 days late
2017
17-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 17 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 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, Anderlecht · 1 establishment unit since 2001
Ground area
140 m²
Building footprint
63 m²
Volume, LiDAR
458 m³
Parcel 21302A0055/00C012, Brussels · tallest building 10.5 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
COPSO SPRL
since 20012.096.904.824
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21302A0055/00C012 | Brussels | 140 m² | 1 · 63 m² | 10.4 m · 3 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.
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Of 15,521 companies in sector 43990 we hold annual accounts for 7,423. 6,140 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded26-12-2000
Fiscal year end31-12
Activities, NACEBEL 2025
43990Other specialised construction activities
43120Site preparation
43222Installation of electric heating, air conditioning, cooling and ventilation
43320Joinery installation
43332Laying of wooden floor and wall coverings
46442Wholesale trade
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
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If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.