COSPEED
ActiveSummary
The computed 12-month bankruptcy probability of COSPEED is 7.1% (elevated). The 2025 annual accounts show equity of €30,080 and a net result of €2,741. Equity has been growing by about 32% per year since 2023. Its solvency ranks better than 76% of 5,897 sector peers (NACE 49, financial year 2025). The company has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Overview
Official details
Source: KBO- Status
- Active since 10-05-2023 Normal situation
- Activity
- Freight transport by road NACE 49410and 1 other
- Establishment unit
- 2.345.157.122 4040 Herstal, since 10-05-2023
- Financial year end
- 31 December
- Peppol
- Reachable since 21-01-2026
Financial position
- Bankruptcy probabilitywithin 12 months
- 7.1%
- Gross margin
- €20,101
- ▼ 67.4%
- Turnover
- ≈ €170,000
- estimated
- Profit
- €2,741
- ▼ 81.1%
- Equity
- €30,080
- ▲ 10.0%
- Total assets
- €46,389
- ▲ 10.2%
- Staff
- ≈ 0.3 FTE
- estimated
- 2025 accounts filed 42 days after the deadline
Score breakdownraises riskFounded in 2023Sector: Land transport and transport via pipelines (NACE 49)Last filed accounts filed 42 days late; 3 of the last 3 accounts late1 change of registered office in 24 monthsShow the evidence
Checked score
About 7 in 100 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 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 49, micro). It does better than 76% of them on solvency, 32% on liquidity, 57% on profitability and 55% on growth.
The bankruptcy probability was computed on 02-11-2026 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. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 3 accounts on average 170 days after the deadline. In the sector (NACE 49), the median for financial year 2024 was on the deadline day, and 49% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
2025 annual accounts filed 42 days after the deadline Filed on 11 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00517915.
Annual accounts 2025 filed on 11-09-2026 at the NBB all 3 filings
Every figure per financial year
The operating result for 2025 is 77% lower than in 2024 and the lowest since 2023.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Staff
| Item | 31-12-2023 |
|---|---|
| Employees at the balance-sheet date | 1 |
| full-time | 1 |
| part-time | 0 |
| in full-time equivalents | 1 |
| Average over the year, in full-time equivalents | 0.2 |
| On a permanent contract | 1 |
| Joined | 1 |
| Left | 0 |
Source: social balance sheet in the 2023 annual accounts
Investments
| Item | 2023 | 2024 | 2025 |
|---|---|---|---|
| Tangible fixed assets | €13,389 | - | - |
| Financial fixed assets | €2,946 | - | - |
| Depreciation and write-downs of the year | €2,332 | €4,546 | €4,463 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Goods, raw materials, services and sundry goods60/61 | €23,449 | - | - | - |
| Remuneration, social security and pensions62 | €7,962 | €41,388 | €11,697 | ▼ 71.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,332 | €4,546 | €4,463 | ▼ 1.8% |
| Other operating charges640/8 | €30 | €923 | €566 | ▼ 38.7% |
| Gross operating margin9900 | €22,915 | €61,721 | €20,101 | ▼ 67.4% |
| Operating profit (loss)9901 | €12,591 | €14,864 | €3,375 | ▼ 77.3% |
| Financial income75/76B | €58 | - | - | - |
| Recurring financial income75 | €58 | - | - | - |
| Financial charges65/66B | €360 | €337 | €634 | ▲ 88.1% |
| Recurring financial charges65 | €360 | €337 | €634 | ▲ 88.1% |
| Profit (loss) for the period before taxes9903 | €12,289 | €14,527 | €2,741 | ▼ 81.1% |
| Income taxes67/77 | €2,477 | - | - | - |
| Profit (loss) for the period9904 | €9,812 | €14,527 | €2,741 | ▼ 81.1% |
| Profit (loss) for the period to be appropriated9905 | €9,812 | €14,527 | €2,741 | ▼ 81.1% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €33,070 | €42,081 | €46,389 | ▲ 10.2% |
| Fixed assets21/28 | €14,003 | €10,956 | €6,493 | ▼ 40.7% |
| Tangible fixed assets22/27 | €11,057 | €8,010 | €3,547 | ▼ 55.7% |
| Furniture and vehicles24 | €11,057 | €8,010 | €3,547 | ▼ 55.7% |
| Financial fixed assets28 | €2,946 | €2,946 | €2,946 | = |
| Current assets29/58 | €19,067 | €31,125 | €39,896 | ▲ 28.2% |
| Amounts receivable within one year40/41 | €9,823 | €28,829 | €39,577 | ▲ 37.3% |
| Trade receivables40 | €6,340 | €15,077 | €27,945 | ▲ 85.3% |
| Other amounts receivable41 | €3,483 | €13,752 | €11,632 | ▼ 15.4% |
| Cash at bank and in hand54/58 | €9,244 | €2,296 | €319 | ▼ 86.1% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €33,070 | €42,081 | €46,389 | ▲ 10.2% |
| Equity10/15 | €12,812 | €27,339 | €30,080 | ▲ 10.0% |
| Contributions10/11 | €3,000 | €3,000 | €3,000 | = |
| Profit (loss) carried forward14 | €9,812 | €24,339 | €27,080 | ▲ 11.3% |
| Amounts payable17/49 | €20,258 | €14,742 | €16,309 | ▲ 10.6% |
| Amounts payable within one year42/48 | €20,258 | €14,742 | €16,309 | ▲ 10.6% |
| Trade debts44 | €12,234 | €2,432 | €5,485 | ▲ 126% |
| Suppliers440/4 | €12,234 | €2,432 | €5,485 | ▲ 126% |
| Taxes, remuneration and social security45 | €8,024 | €9,315 | €5,124 | ▼ 45.0% |
| Taxes450/3 | €7,430 | €7,587 | €2,484 | ▼ 67.3% |
| Remuneration and social security454/9 | €594 | €1,728 | €2,640 | ▲ 52.8% |
| Other amounts payable47/48 | - | €2,995 | €5,700 | ▲ 90.3% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €9,812 | €14,527 | €2,741 | ▼ 81.1% |
| + Depreciation and write-downs630 | €2,332 | €4,546 | €4,463 | ▼ 1.8% |
| Operating cash flow (approximation) | €12,144 | €19,073 | €7,204 | ▼ 62.2% |
| Investment in fixed assets (approximation) | - | -€1,499 | €0 | - |
| Change in cash | - | -€6,948 | -€1,977 | ▲ 71.5% |
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, 39,278 companies had the same profile as COSPEED has now. Two years later, 95.8% were still going and 1.8% had gone bankrupt.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of COSPEED itself is higher: 7.1% within 12 months. It rests on far more data about COSPEED than the profile alone.
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 39,278 companies, not a prediction for COSPEED. 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.
Board & ownership
Directors
Board 1
Day-to-day management 1
Owners and capital
Shareholders
- Bayram COBAN 100 shares
- Osman COBAN to Bayram COBAN 100 shares
- COBAN Osman 100 shares (100%) · €3,000
Capital transactions
- 22-05-2023 Incorporation · €3,000 · 100 shares
Mandate history
- Board
- Day-to-day management
- began earlier
| Name | Functions and periods |
|---|---|
| Bayram COBAN |
|
| COBAN Osman |
|
Articles of association
- Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
- “Pour moitié à charge du cédant et pour moitié à charge du ou des acquéreurs proportionnellement au nombre acquis s'ils sont plusieurs…”
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
Articles of association, deed of 22-05-2023 (in French)
Network & group
COSPEED shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of COSPEED. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
02-10
Gazette deed
Transfer of 100 sharesResignation: Osman COBAN (director and daily management delegate) · Appointment: Bayram COBAN (director and daily management delegate) · Registered-office move7 points ▸
- General meeting, 31-07-2025
- Share transfer, Osman COBAN → Bayram COBAN
- Director resignation, Osman COBAN (director and daily management delegate)
- Director appointment, Bayram COBAN (director and daily management delegate)
- Registered-office move, Avenue Libert Froidmont 30B11 -4684 Насcourt
- Bayram COBAN holds 100 shares
- Director in office, Bayram COBAN (director)
22-05
Gazette deed
IncorporationStarting capital €3,000 · Appointment: COBAN Osman (director) · Registered office clause9 points ▸
- Capital
- Registered office clause, “4040 Herstal,rue du Fond dèl Mendrée,12, dépôt au greffe d'une expédition de l'acte constitutif” (deed in French)
- Board rule, 1, “administrateur non statutaire” (deed in French)
- Director appointment, COBAN Osman (director (not named in the articles))
- Incorporation, “COSPEED” (deed in French)
- Founder, COBAN Osman
- Founding capital, €3,000
- Other provision, “plan financier et responsabilité du fondateur”, 19-04-2023 (deed in French)
- Other provision, “article 13, §2 et article 18 quinquies de la loi du 25 Ventôse an XI, choix acte dématérialisé” (deed in French)
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
On 10 May 2023, COSPEED was incorporated as a private limited company by one natural person, with a starting capital of €3,000.12 In 2025 the registered office moved to Насcourt.3 Bayram COBAN is director and daily management delegate of the company, appointed in the act of 02-10-2025.3 Total assets went from €33,070 in 2023 to €46,389 in 2025.4
Company details
Register details
Identity
KBO recordRegistered office and establishments
1 former office
- Rue Du Fond Del Mendree 12, 4040 Herstal until 01-08-2025 · act of 02-10-2025
Activities
NACEBEL 2025Codes under NACEBEL 2008
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the addresses
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 62051C0419/00M036 | Wallonia | 252 m² | - | - |