COTAK
ActiveSummary
COTAK has been active since 2008 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €252,132 and a net result of €74,460. Equity has been shrinking by about 4% per year since 2018. Its solvency ranks better than 95% of 22,773 sector peers (NACE 47, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 15-05-2008 Normal situation
- Activity
- Retail sale of automotive fuel NACE 47300and 1 other
- Establishment unit
- 2.171.338.961 1140 Evere, since 15-05-2008
- Financial year end
- 31 December
- Peppol
- Reachable since 27-01-2026
Financial position
- Bankruptcy probabilitywithin 12 months
- < 0.1%
- Turnover
- €57,728
- ▼ 96.4%
- Profit
- €74,460
- ▲ 126%
- Equity
- €252,132
- ▲ 41.9%
- Total assets
- €267,629
- ▲ 13.5%
- 2025 accounts filed 28 days after the deadline
Score breakdownraises riskSize: turnover €57,728, total assets €267,629lowers riskLiquidity: current ratio 14.99, cash €223,843Equity €252,132 (94.2% of total assets)Founded in 2008Show the evidence
Checked score
Fewer than 1 in 1,000 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 47, micro). It does better than 92% of them on solvency, 99% on liquidity, 96% on profitability and 42% on growth.
The bankruptcy probability was computed on 01-11-2026 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 7 accounts on average 6 days after the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
2025 annual accounts filed 28 days after the deadline Filed on 28 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00439494.
Annual accounts 2025 filed on 28-08-2026 at the NBB all 18 filings
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result for 2025 is 145% higher than in 2024 and the highest since 2021. It is the second rise in a row, after the fall in 2023.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Average staff per financial year, in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Retail trade (NACE 47). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio, return on assets (ROA) and staff (FTE).
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 |
|---|---|---|---|---|
| Employees at the balance-sheet date | 5 | 4 | 4 | 3 |
| full-time | 4 | 4 | 4 | 3 |
| part-time | 1 | - | - | - |
| in full-time equivalents | 4.3 | 4 | 4 | 3 |
| Average over the year, in full-time equivalents | 4.3 | 4.6 | 4 | 3.5 |
| On a permanent contract | 5 | 4 | 4 | 3 |
Source: social balance sheet in the 2021 to 2024 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €1,140 | €742 | €47,858 | - |
| Depreciation and write-downs of the year | €2,851 | €2,951 | €505 | €3,766 | €10,099 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Turnover70 | €1.2m | €1.3m | €1.5m | €1.5m | €1.4m | €1.5m | €1.6m | €0.06m | ▼ 96.4% |
| Non-recurring operating income76A | - | - | - | €242 | €0.007m | - | €0.03m | €0.01m | ▼ 60.8% |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €1.5m | €1.3m | €1.4m | €1.5m | €0.05m | ▼ 96.3% |
| Remuneration, social security and pensions62 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | -€0.001m | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.01m | €0.01m | €0.01m | €0.003m | €0.003m | €0.001m | €0.004m | €0.01m | ▲ 168% |
| Other operating charges640/8 | - | - | - | €0.001m | €0.001m | €0.001m | €0.004m | €0.001m | ▼ 74.9% |
| Non-recurring operating charges66A | - | - | - | €29 | €0 | €0.001m | €147 | €11 | ▼ 92.8% |
| Gross operating margin9900 | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.08m | €0.2m | €0.1m | ▼ 43.0% |
| Operating profit (loss)9901 | €0.005m | -€0.05m | -€0.03m | €0.003m | -€0.005m | -€0.04m | €0.03m | €0.09m | ▲ 145% |
| Financial income75/76B | - | - | - | €339 | - | €26 | €0.002m | €250 | ▼ 86.4% |
| Recurring financial income75 | €151 | €159 | €89 | €339 | - | €26 | €0.002m | €250 | ▼ 86.4% |
| Financial charges65/66B | - | - | - | €0.001m | €0.001m | -€248 | €0.001m | €0.001m | ▼ 15.5% |
| Recurring financial charges65 | €0.002m | €0.002m | €0.001m | €0.001m | €0.001m | -€248 | €0.001m | €0.001m | ▼ 15.5% |
| Profit (loss) for the period before taxes9903 | €0.004m | -€0.05m | -€0.03m | €0.003m | -€0.006m | -€0.04m | €0.04m | €0.09m | ▲ 136% |
| Income taxes67/77 | €0.002m | €30 | €0.001m | €403 | €0.001m | €365 | €0.003m | €0.01m | ▲ 249% |
| Profit (loss) for the period9904 | €0.001m | -€0.05m | -€0.03m | €0.002m | -€0.006m | -€0.04m | €0.03m | €0.07m | ▲ 126% |
| Profit (loss) for the period to be appropriated9905 | €0.001m | -€0.05m | -€0.03m | €0.002m | -€0.006m | -€0.04m | €0.03m | €0.07m | ▲ 126% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €338,354 | €267,106 | €236,519 | €257,431 | €228,567 | €248,454 | €235,744 | €267,629 | ▲ 13.5% |
| Fixed assets21/28 | €42,622 | €29,965 | €17,308 | €14,456 | €12,645 | €12,882 | €56,975 | €35,271 | ▼ 38.1% |
| Tangible fixed assets22/27 | €31,017 | €18,360 | €5,703 | €2,851 | €1,040 | €1,277 | €45,370 | €35,271 | ▼ 22.3% |
| Plant, machinery and equipment23 | - | - | - | - | €1,040 | €660 | €280 | - | - |
| Furniture and vehicles24 | - | - | - | €2,851 | - | €617 | €45,090 | €35,271 | ▼ 21.8% |
| Financial fixed assets28 | €11,605 | €11,605 | €11,605 | €11,605 | €11,605 | €11,605 | €11,605 | - | - |
| Current assets29/58 | €295,732 | €237,142 | €219,212 | €242,975 | €215,923 | €235,572 | €178,769 | €232,357 | ▲ 30.0% |
| Stocks and contracts in progress3 | €37,606 | €33,918 | €43,613 | €53,497 | €62,701 | €59,946 | €40,162 | - | - |
| Stocks30/36 | - | - | - | €53,497 | €62,701 | €59,946 | €40,162 | - | - |
| Amounts receivable within one year40/41 | €28,965 | €41,527 | €28,457 | €24,314 | €22,970 | €27,522 | €21,503 | €8,514 | ▼ 60.4% |
| Trade receivables40 | - | - | - | €5,170 | - | - | - | - | - |
| Other amounts receivable41 | - | - | - | €19,144 | €22,970 | €27,522 | €21,503 | €8,514 | ▼ 60.4% |
| Cash at bank and in hand54/58 | €229,162 | €161,698 | €147,142 | €165,164 | €130,252 | €148,104 | €112,204 | €223,843 | ▲ 99.5% |
| Deferred charges and accrued income490/1 | - | - | - | - | - | - | €4,900 | - | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €338,354 | €267,106 | €236,519 | €257,431 | €228,567 | €248,454 | €235,744 | €267,629 | ▲ 13.5% |
| Equity10/15 | €281,768 | €228,091 | €193,441 | €195,548 | €189,312 | €144,685 | €177,672 | €252,132 | ▲ 41.9% |
| Contributions10/11 | €12,400 | €12,400 | - | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €26,860 | €99,860 | ▲ 272% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | - | - | - | - | - | €25,000 | €98,000 | ▲ 292% |
| Profit (loss) carried forward14 | €267,508 | €213,831 | €179,181 | €181,288 | €175,052 | €130,425 | €138,412 | €139,872 | ▲ 1.1% |
| Amounts payable17/49 | €56,585 | €39,015 | €43,079 | €61,883 | €39,256 | €103,769 | €58,072 | €15,497 | ▼ 73.3% |
| Amounts payable after more than one year17 | €18,871 | €10,355 | - | - | - | - | - | - | - |
| Amounts payable within one year42/48 | €37,714 | €28,660 | €43,079 | €61,883 | €39,256 | €103,769 | €58,072 | €15,497 | ▼ 73.3% |
| Trade debts44 | €20,177 | €19,649 | €25,532 | €42,458 | €21,571 | €68,455 | €19,638 | - | - |
| Suppliers440/4 | - | - | - | €42,458 | €21,571 | €68,455 | €19,638 | - | - |
| Advances received on contracts in progress46 | - | - | - | - | - | - | €5,929 | - | - |
| Taxes, remuneration and social security45 | - | - | - | €19,424 | €17,685 | €35,314 | €32,505 | €10,790 | ▼ 66.8% |
| Taxes450/3 | - | - | - | €3,850 | €3,678 | €7,765 | €11,699 | €10,790 | ▼ 7.8% |
| Remuneration and social security454/9 | - | - | - | €15,574 | €14,007 | €27,550 | €20,806 | - | - |
| Other amounts payable47/48 | - | - | - | - | - | - | - | €4,707 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,332 | -€53,677 | -€34,651 | €2,107 | -€6,237 | -€44,626 | €32,987 | €74,460 | ▲ 126% |
| + Depreciation and write-downs630 | €12,657 | €12,657 | €12,657 | €2,851 | €2,951 | €505 | €3,766 | €10,099 | ▲ 168% |
| Operating cash flow (approximation) | €13,989 | -€41,020 | -€21,994 | €4,959 | -€3,285 | -€44,122 | €36,752 | €84,559 | ▲ 130% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | -€1,140 | -€742 | -€47,858 | €11,605 | - |
| Change in cash | - | -€67,464 | -€14,556 | €18,022 | -€34,912 | €17,852 | -€35,901 | €111,639 | - |
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, 34,693 companies had the same profile as COTAK has now. Two years later, 0.7% had gone bankrupt and 95.3% were still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
That fits the bankruptcy probability of COTAK itself: < 0.1% within 12 months.
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 34,693 companies, not a prediction for COTAK. 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.
Latest 10 of 18 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 28-08-2026 | 2026-00439494 | |
| 31-12-2024 | micro format | 26-08-2025 | 2025-00425056 | |
| 31-12-2023 | micro format | 29-07-2024 | 2024-00299687 | |
| 31-12-2022 | micro format | 26-07-2023 | 2023-00271036 | |
| 31-12-2021 | micro format | 28-07-2022 | 2022-20236959 | |
| 31-12-2020 | micro format | 30-07-2021 | 2021-43700062 | |
| 31-12-2019 | micro format | 31-07-2020 | 2020-37500219 | |
| 31-12-2018 | abbreviated format | 16-08-2019 | 2019-46900086 | |
| 31-12-2017 | abbreviated format | 27-08-2018 | 2018-52100282 | |
| 31-12-2016 | micro format | 24-07-2017 | 2017-34900470 |
Board & ownership
Directors
Owners and capital
Capital transactions
- 05-02-2024 Converted to unavailable equity
Mandate history
- Board
- began earlier
- end not dated
| Name | Functions and periods |
|---|---|
| FERIDOONI MOHAMAT |
|
| Mohammad FERIDOONI |
|
Network & group
COTAK shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of COTAK. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
05-02
Gazette deed
Appointment: Mohammad FERIDOONI (director)Resignation: Mohammad FERIDOONI (director) · Capital conversion · Amendment of the articles16 points ▸
- General meeting, “beraadslaging over agenda, buitengewone algemene vergadering van de aandeelhouders” (deed in Dutch)
- Other provision, “agenda-aanpassing statuten aan Wetboek van vennootschappen en verenigingen”, 1 (deed in Dutch)
- Other provision, “agenda-schrapping statutair onbeschikbare eigenvermogensrekening”, 2 (deed in Dutch)
- Other provision, “agenda-aanneming volledig nieuwe statuten in het Nederlands, Wetboek van vennootschappen en verenigingen” (deed in Dutch)
- Other provision, “agenda-opdracht aan ondergetekende notaris voor coördinatie en neerlegging”, 4 (deed in Dutch)
- Other provision, “agenda-ontslag en hernieuwing van de zaakvoerder als bestuurder”, 5 (deed in Dutch)
- Other provision, “agenda-adres van de zetel”, 6 (deed in Dutch)
- Other provision, “eerste besluit-aanpassing aan WVV met behoud rechtsvorm”, 1 (deed in Dutch)
- Capital conversion, “beschikbaar voor uitkering, vormen en meerderheden van statutenwijziging” (deed in Dutch)
- Amendment of the articles
- Capital
- Power of attorney, Michel de FRÉSART
- The act holds 4 more points.
Show earlier events
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
4 activities
- De uitbating van een benzine- en servicestation met shop,
- De aankoop,de verkoop,de kleinhandel in brandstoffen,smeerstoffen en bijhorigheden voor alle mogelijke motoren en motorvoertuigen ;
- De klein handel in algemeen voedingswaren,artikelen van boekhandel,dag-en andere bladen,speeltuigen,alle mogelijke fris- en andere dranken,alsook alle rookartikelen en bijhorigheden;
- De uitbating van verbruiksalons,restaurants en snackbars en alle activiteiten die ermee verband houden
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 |
|---|---|---|---|---|
| 21372C0103/00V003 | Brussels | 2,339 m² | 1 · 147 m² | 6.5 m · 1 |
| 23078B0297/00H000 | Flanders | 341 m² | 1 · 84 m² | 9.1 m · 2 |