Costermans
ActiveSummary
Costermans has been active since 1968 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€291,905) and a net result of -€4,437. Equity is shrinking by ~12.8% per year across the filed fiscal years. Its solvency ranks better than 5% of 10485 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability28▼-28
Solvency0=
Growth58=
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.28 against 0.29 in 2024; short-term debt: 355.4% of total assets), and equity is negative.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
-255.4%
Return on assets
-3.9%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€291,905
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 30-06-2026, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
31 d early
2024
11 d late
2023
56 d early
2022
25 d early
2021
32 d early
2020
23 d early
2019
48 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 15 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% 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.
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, abbreviated schema
Equity
-€291,905▼ 1.5%
2024 · -€287,469
Total assets
€114,281▼ 1.9%
2024 · €116,530
Net result
-€4,437
2024 · €8,549
Working capital
-€291,905▼ 1.5%
2024 · -€287,469
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, 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€3,391€14,277▲ 321%-€169,949€12,340-€2,070
Net result€1,179within the sector's middle half€9,487within the sector's middle half▲ 705%-€172,916below the sector's middle half€8,549within the sector's middle half-€4,437below the sector's middle half
Equity-€132,588below the sector's middle half▲ 0.9%-€123,101below the sector's middle half▲ 7.2%-€296,018below the sector's middle half▼ 140%-€287,469below the sector's middle half▲ 2.9%-€291,905below the sector's middle half▼ 1.5%
Total assets€311,430within the sector's middle half▼ 5.6%€303,806within the sector's middle half▼ 2.4%€117,404within the sector's middle half▼ 61.4%€116,530within the sector's middle half▼ 0.7%€114,281below the sector's middle half▼ 1.9%
Debt€444,018▼ 4.2%€426,907▼ 3.9%€413,422▼ 3.2%€403,998▼ 2.3%€406,186▲ 0.5%
Working capital-€133,076▲ 0.9%-€123,589▲ 7.1%-€296,505▼ 140%-€287,469▲ 3.0%-€291,905▼ 1.5%
Solvency-42.6%below the sector's middle half▼ 2.0pp-40.5%below the sector's middle half▲ 2.1pp-252.1%below the sector's middle half▼ 211.6pp-246.7%below the sector's middle half▲ 5.4pp-255.4%below the sector's middle half▼ 8.7pp
Staff (FTE)
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €2,070 after €12,340 in 2024.
Key figures and ratios
Current ratio
0.28▼
2024 · 0.29
Quick ratio
0.03▼
2024 · 0.04
Debt to equity
-1.39▲
2024 · -1.41
ROA
-3.9%▼
2024 · 7.3%
Debt ≤ 1 year
€406,186▲
2024 · €403,998
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,799 companies that looked in July 2024 the way this one looks now, 1.9% went bankrupt within 24 months and 90% are still going.
- Micro
- 20 years or older
- negative equity
- a small loss
1.9%
went bankrupt
5.9%
stopped otherwise
90%
still going
A further 2.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.3% 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 2,799 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 | €21,354 | €19,909 | €11,240 | €21 | - | - |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €144,182 | - | - | - |
| Other operating charges640/8 | €3,407 | €1,019 | €1,059 | €981 | €400 | ▼ 59.3% |
| Gross operating margin9900 | €28,151 | €35,205 | -€13,468 | €13,342 | -€1,671 | ▼ 113% |
| Operating profit (loss)9901 | €3,391 | €14,277 | -€169,949 | €12,340 | -€2,070 | ▼ 117% |
| Financial income75/76B | €286 | - | €688 | - | - | - |
| Recurring financial income75 | €286 | - | €688 | - | - | - |
| Financial charges65/66B | €2,498 | €4,790 | €3,655 | €3,791 | €2,366 | ▼ 37.6% |
| Recurring financial charges65 | €2,498 | €4,790 | €3,655 | €3,791 | €2,366 | ▼ 37.6% |
| Profit (loss) for the period before taxes9903 | €1,179 | €9,487 | -€172,916 | €8,549 | -€4,437 | ▼ 152% |
| Profit (loss) for the period9904 | €1,179 | €9,487 | -€172,916 | €8,549 | -€4,437 | ▼ 152% |
| Profit (loss) for the period to be appropriated9905 | €1,179 | €9,487 | -€172,916 | €8,549 | -€4,437 | ▼ 152% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €311,430 | €303,806 | €117,404 | €116,530 | €114,281 | ▼ 1.9% |
| Fixed assets21/28 | €488 | €488 | €488 | - | €0 | - |
| Tangible fixed assets22/27 | - | - | €0 | - | €0 | - |
| Land and buildings22 | - | - | €0 | - | - | - |
| Plant, machinery and equipment23 | - | - | €0 | - | - | - |
| Furniture and vehicles24 | - | - | €0 | - | €0 | - |
| Financial fixed assets28 | €488 | €488 | €488 | - | - | - |
| Current assets29/58 | €310,942 | €303,318 | €116,917 | €116,530 | €114,281 | ▼ 1.9% |
| Stocks and contracts in progress3 | €247,644 | €260,171 | €101,327 | €100,107 | €100,107 | = |
| Stocks30/36 | €247,644 | €260,171 | €101,327 | €100,107 | €100,107 | = |
| Amounts receivable within one year40/41 | €61,470 | €41,892 | €15,590 | €16,423 | €14,174 | ▼ 13.7% |
| Trade receivables40 | €54,537 | €37,409 | €14,727 | €13,835 | €13,835 | = |
| Other amounts receivable41 | €6,932 | €4,483 | €863 | €2,588 | €339 | ▼ 86.9% |
| Cash at bank and in hand54/58 | €1,829 | €1,256 | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €311,430 | €303,806 | €117,404 | €116,530 | €114,281 | ▼ 1.9% |
| Equity10/15 | -€132,588 | -€123,101 | -€296,018 | -€287,469 | -€291,905 | ▼ 1.5% |
| Contributions10/11 | €74,368 | €74,368 | €74,368 | €74,368 | €74,368 | = |
| Outside capital11 | - | - | - | - | €74,368 | - |
| Other1109/19 | - | - | - | - | €74,368 | - |
| Reserves13 | €7,437 | €7,437 | €7,437 | €7,437 | €7,437 | = |
| Non-distributable reserves130/1 | €7,437 | €7,437 | €7,437 | €7,437 | €7,437 | = |
| Reserves not available under the articles1311 | €7,437 | €7,437 | €7,437 | €7,437 | €7,437 | = |
| Profit (loss) carried forward14 | -€214,393 | -€204,906 | -€377,822 | -€369,273 | -€373,710 | ▼ 1.2% |
| Amounts payable17/49 | €444,018 | €426,907 | €413,422 | €403,998 | €406,186 | ▲ 0.5% |
| Amounts payable within one year42/48 | €444,018 | €426,907 | €413,422 | €403,998 | €406,186 | ▲ 0.5% |
| Financial debts43 | €9,663 | €18,357 | €16,981 | €5,709 | €19,347 | ▲ 239% |
| Credit institutions430/8 | €9,663 | €18,357 | €16,981 | €5,709 | €19,347 | ▲ 239% |
| Trade debts44 | €32,623 | €5,490 | €4,157 | €5,214 | €5,623 | ▲ 7.8% |
| Suppliers440/4 | €32,623 | €5,490 | €4,157 | €5,214 | €5,623 | ▲ 7.8% |
| Taxes, remuneration and social security45 | €18,823 | €20,051 | - | - | - | - |
| Taxes450/3 | €16,634 | €15,824 | - | - | - | - |
| Remuneration and social security454/9 | €2,189 | €4,227 | - | - | - | - |
| Other amounts payable47/48 | €382,910 | €383,009 | €392,283 | €393,075 | €381,215 | ▼ 3.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,179 | €9,487 | -€172,916 | €8,549 | -€4,437 | ▼ 152% |
| Operating cash flow (approximation) | €1,179 | €9,487 | -€172,916 | €8,549 | -€4,437 | ▼ 152% |
| Investment in fixed assets (approximation) | - | €0 | €0 | - | - | - |
| Change in cash | - | -€574 | - | - | - | - |
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
30-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
11-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 11 days late
2024
31-12
Financial
Back to profitnet €8,549
Net result €8,549 after one loss-making year.
05-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet -€172,916
Net result drops to -€172,916, the lowest in the series; recovery starts the following year.
06-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
29-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €1,179
Net result €1,179 after one loss-making year.
08-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
17-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 48 days late
2019
31-12
Financial
Back to profitnet €39,446
Net result €39,446 after one loss-making year.
02-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
04-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Brussel · 1 establishment unit since 1956
Ground area
1,051 m²
Building footprint
496 m²
Volume, LiDAR
6,114 m³
Parcel 21808H1711/00B000, Brussels · tallest building 16.9 m, ±4 floors. Linked by address, not a title deed.
7
companies at this address
See who is registered here
1 establishment unit
Grote Zavel 5, 1000 Brussel
since 19562.002.981.605
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21808H1711/00B000 | Brussels | 1,051 m² | 1 · 496 m² | 16.9 m · 4 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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Similar companies · same sector and region
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 1,436 companies in sector 47791 we hold annual accounts for 457. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded01-01-1968
Fiscal year end31-12
Activities, NACEBEL 2025
47791Retail sale of antiques
E-invoicing
Reachable via Peppol
Peppol ID
0208:0405905804
Also
9925:BE0405905804
Registered
01-07-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.