Costabel
ActiveSummary
The computed 12-month bankruptcy probability of Costabel is 1.8% (moderate). The 2025 annual accounts show equity of €281k and a net result of €38k. Equity is growing by ~26.2% per year across the filed fiscal years. Its solvency ranks better than 93% of 1648 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability84▼-11
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
1.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €22k at 30 days acceptable
Liquidity ample (current ratio 7.6 against 5.25 in 2024; short-term debt: 6.9% and cash: 27.6% of total assets), and 6.9% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
93.1%
Return on assets
12.6%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 5 filingsDeviation from the deadline
2025
31 d late
2024
29 d late
2023
61 d late
2022
31 d late
2021
30 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€38k▼ 31.4%
2024 · €55k
2021: €78khighest in 5 years
2022: €52k▼ -33.6% vs 2021
2023: €48k▼ -6.5% vs 2022
2024: €55k▲ +14.4% vs 2023
2025: €38k▼ -31.4% vs 2024lowest in 5 years
2021 → 2025
Working capital
€138k▲ 34.7%
2024 · €102k
2021: €72k
2022: €75k▲ +4.3% vs 2021
2023: €69k▼ -8.1% vs 2022lowest in 5 years
2024: €102k▲ +47.7% vs 2023
2025: €138k▲ +34.7% vs 2024highest in 5 years
2021 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€88k-€139k▲ 58.8%€188k▲ 34.6%€243k▲ 29.4%€281k▲ 15.6%
2021: €88klowest in 5 years
2022: €139k▲ +58.8% vs 2021
2023: €188k▲ +34.6% vs 2022
2024: €243k▲ +29.4% vs 2023
2025: €281k▲ +15.6% vs 2024highest in 5 years
Operating result€99k-€72k▼ 27.1%€58k▼ 19.4%€72k▲ 24.6%€58k▼ 20.0%
2021: €99khighest in 5 years
2022: €72k▼ -27.1% vs 2021
2023: €58k▼ -19.4% vs 2022
2024: €72k▲ +24.6% vs 2023
2025: €58k▼ -20.0% vs 2024lowest in 5 years
Net result€78k-€52k▼ 33.6%€48k▼ 6.5%€55k▲ 14.4%€38k▼ 31.4%
2021: €78khighest in 5 years
2022: €52k▼ -33.6% vs 2021
2023: €48k▼ -6.5% vs 2022
2024: €55k▲ +14.4% vs 2023
2025: €38k▼ -31.4% vs 2024lowest in 5 years
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 20% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €301k
Fixed assets
€143k ▲ 1.7%
Current assets
€158k ▲ 25.6%
Equity and liabilities €301k
Equity
€281k ▲ 15.6%
Debt
€21k ▼ 13.3%
Debt's share of the balance-sheet total falls from 9.0% to 6.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€59k▼
2024 · €74k
Cash flow
€38k▼
2024 · €56k
Current ratio
7.60▲
2024 · 5.25
Debt to equity
0.07▼
2024 · 0.10
ROE
13.5%▼
2024 · 22.7%
ROA
12.6%▼
2024 · 20.7%
Interest coverage
306.22▲
2024 · 51.96
Debt ≤ 1 year
€21k▼
2024 · €24k
Income taxes
€20k▲
2024 · €16k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 35 lines
Balance sheet
Code20242025
Assets
Total assets20/58€267k€301k▲
Fixed assets21/28€141k€143k▲
Tangible fixed assets22/27€9k€9k▼
Furniture and vehicles24€9k€9k▼
Financial fixed assets28€131k€134k▲
Current assets29/58€126k€158k▲
Amounts receivable within one year40/41€66k€75k▲
Trade receivables40€46k€50k▲
Other amounts receivable41€20k€25k▲
Cash at bank and in hand54/58€60k€83k▲
Deferred charges and accrued income490/1€248€227▼
Equity and liabilities
Total equity and liabilities10/49€267k€301k▲
Equity10/15€243k€281k▲
Contributions10/11€10k€10k=
Profit (loss) carried forward14€233k€271k▲
Amounts payable17/49€24k€21k▼
Amounts payable within one year42/48€24k€21k▼
Financial debts43-€358
Credit institutions430/8-€358
Trade debts44€5k-
Suppliers440/4€5k-
Taxes, remuneration and social security45€19k€20k▲
Taxes450/3€19k€20k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€575▼
Other operating charges640/8€793€635▼
Gross operating margin9900€74k€59k▼
Operating profit (loss)9901€72k€58k▼
Financial charges65/66B€1k€191▼
Recurring financial charges65€1k€191▼
Profit (loss) for the period before taxes9903€71k€58k▼
Income taxes67/77€16k€20k▲
Profit (loss) for the period9904€55k€38k▼
Profit (loss) for the period to be appropriated9905€55k€38k▼
Appropriation of the result
Profit (loss) to be appropriated9906€233k€271k▲
Profit (loss) brought forward from the previous period14P€178k€233k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7k | €8k | €8k | €1k | €575 | ▼ 52.0% |
| Other operating charges640/8 | €882 | €590 | €697 | €793 | €635 | ▼ 19.9% |
| Gross operating margin9900 | €107k | €80k | €67k | €74k | €59k | ▼ 20.5% |
| Operating profit (loss)9901 | €99k | €72k | €58k | €72k | €58k | ▼ 20.0% |
| Financial income75/76B | - | €5k | - | - | - | - |
| Recurring financial income75 | - | €5k | - | - | - | - |
| Financial charges65/66B | €371 | €6k | €1k | €1k | €191 | ▼ 86.5% |
| Recurring financial charges65 | €371 | €6k | €849 | €1k | €191 | ▼ 86.5% |
| Non-recurring financial charges66B | - | - | €282 | - | - | - |
| Profit (loss) for the period before taxes9903 | €98k | €71k | €57k | €71k | €58k | ▼ 18.6% |
| Income taxes67/77 | €21k | €19k | €9k | €16k | €20k | ▲ 26.1% |
| Profit (loss) for the period9904 | €78k | €52k | €48k | €55k | €38k | ▼ 31.4% |
| Profit (loss) for the period to be appropriated9905 | €78k | €52k | €48k | €55k | €38k | ▼ 31.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €449k | €280k | €279k | €267k | €301k | ▲ 13.0% |
| Fixed assets21/28 | €16k | €64k | €118k | €141k | €143k | ▲ 1.7% |
| Tangible fixed assets22/27 | €16k | €10k | €10k | €9k | €9k | ▼ 6.2% |
| Furniture and vehicles24 | €16k | €10k | €10k | €9k | €9k | ▼ 6.2% |
| Financial fixed assets28 | - | €54k | €108k | €131k | €134k | ▲ 2.3% |
| Current assets29/58 | €434k | €216k | €161k | €126k | €158k | ▲ 25.6% |
| Amounts receivable within one year40/41 | €240k | €62k | €67k | €66k | €75k | ▲ 13.5% |
| Trade receivables40 | €225k | €24k | €48k | €46k | €50k | ▲ 9.2% |
| Other amounts receivable41 | €15k | €38k | €19k | €20k | €25k | ▲ 23.2% |
| Cash at bank and in hand54/58 | €193k | €153k | €94k | €60k | €83k | ▲ 38.9% |
| Deferred charges and accrued income490/1 | €282 | €479 | €165 | €248 | €227 | ▼ 8.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €449k | €280k | €279k | €267k | €301k | ▲ 13.0% |
| Equity10/15 | €88k | €139k | €188k | €243k | €281k | ▲ 15.6% |
| Contributions10/11 | €10k | €10k | €10k | €10k | €10k | = |
| Profit (loss) carried forward14 | €78k | €129k | €178k | €233k | €271k | ▲ 16.3% |
| Amounts payable17/49 | €362k | €140k | €91k | €24k | €21k | ▼ 13.3% |
| Amounts payable within one year42/48 | €362k | €140k | €91k | €24k | €21k | ▼ 13.3% |
| Financial debts43 | €8k | €1k | €83 | - | €358 | - |
| Credit institutions430/8 | €8k | €1k | €83 | - | €358 | - |
| Trade debts44 | €224k | €6k | €2k | €5k | - | - |
| Suppliers440/4 | €224k | €6k | €2k | €5k | - | - |
| Taxes, remuneration and social security45 | €29k | €44k | €10k | €19k | €20k | ▲ 5.4% |
| Taxes450/3 | €29k | €44k | €10k | €19k | €20k | ▲ 5.4% |
| Other amounts payable47/48 | €100k | €90k | €78k | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €78k | €52k | €48k | €55k | €38k | ▼ 31.4% |
| + Depreciation and write-downs630 | €7k | €8k | €8k | €1k | €575 | ▼ 52.0% |
| Operating cash flow (approximation) | €85k | €59k | €56k | €56k | €38k | ▼ 31.9% |
| Investment in fixed assets (approximation) | - | €-56k | €-62k | €-23k | €-3k | ▲ 87.2% |
| Change in cash | - | €-40k | €-59k | €-34k | €23k | ▲ 169% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
31-12
Financial
Weakest financial yearnet €38k ▼31.4%
Net result drops to €38k, the lowest in the series.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 29 days late
2024
31-12
Financial
Liquidity triplescurrent ratio 5.25
Current ratio from 1.76 to 5.25; short-term debt falls from €91k to €24k.
31-12
Financial
Equity above €200kEq €243k ▲29.4%
4 profitable years in a row build equity to €243k.
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 61 days late
2023
31-12
Financial
Equity above €150kEq €188k ▲34.6%
3 profitable years in a row build equity to €188k.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 31 days late
2022
31-12
Financial
Equity above €100kEq €139k ▲58.8%
2 profitable years in a row build equity to €139k.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 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, Elsene · 1 establishment unit since 2020
Ground area
4,612 m²
Building footprint
3,308 m²
Volume, LiDAR
55,901 m³
2 parcels, Brussels · tallest building 31.7 m, ±8 floors. Linked by address, not a title deed.
94
companies at this address
See who is registered here
1 establishment unit
Louizalaan 279, 1050 Brussel
since 20202.305.221.628
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21807G0172/00G000 | Brussels | 3,384 m² | 1 · 2,779 m² | 31.7 m · 8 fl. |
| 21807G0218/00E016 | Brussels | 1,228 m² | 1 · 529 m² | 24.9 m · 7 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 13,417 companies in sector 73300 we hold annual accounts for 6,898. 4,890 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
Founded10-07-2020
Fiscal year end31-12
Activities, NACEBEL 2025
73300Public relations and communication consultancy
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.