CoTax
ActiveSummary
CoTax has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €88k and a net result of €2k. Equity is growing by ~9.5% per year across the filed fiscal years. Its solvency ranks better than 86% of 4654 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability21▼-55
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity ample (current ratio 5.09 against 4.03 in 2024; short-term debt: 19.6% and cash: 0% of total assets), and 20% 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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 49
Relative position
BE, all sectors
reference
Land transport and transport via pipelines (NACE 49)
about 141% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
80%
Return on assets
1.8%
Age of the figures
9 mo
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
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 · 10 filingsDeviation from the deadline
2025
31 d late
2024
61 d late
2023
30 d late
2022
on the day
2021
31 d late
2020
31 d late
2019
31 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, micro schema
Equity
€88k▲ 2.3%
2024 · €86k
2018: €50k
2019: €49k▼ -3.6% vs 2018lowest in 8 years
2020: €54k▲ +10.8% vs 2019
2021: €62k▲ +14.6% vs 2020
2022: €79k▲ +28.0% vs 2021
2023: €79k▲ +0.7% vs 2022
2024: €86k▲ +8.7% vs 2023
2025: €88k▲ +2.3% vs 2024highest in 8 years
2018 → 2025
Total assets
€110k▼ 1.8%
2024 · €112k
2018: €75k
2019: €64k▼ -14.1% vs 2018lowest in 8 years
2020: €83k▲ +29.3% vs 2019
2021: €91k▲ +10.2% vs 2020
2022: €112k▲ +22.9% vs 2021
2023: €111k▼ -1.4% vs 2022
2024: €112k▲ +1.6% vs 2023highest in 8 years
2025: €110k▼ -1.8% vs 2024
2018 → 2025
Net result
€2k▼ 71.6%
2024 · €7k
2018: €8k
2019: €-2k▼ -123% vs 2018lowest in 8 years
2020: €5k▲ +387% vs 2019
2021: €8k▲ +49.5% vs 2020
2022: €17k▲ +119% vs 2021highest in 8 years
2023: €548▼ -96.8% vs 2022
2024: €7k▲ +1160% vs 2023
2025: €2k▼ -71.6% vs 2024
2018 → 2025
Working capital
€89k▲ 12.3%
2024 · €79k
2018: €44k
2019: €41k▼ -6.7% vs 2018lowest in 8 years
2020: €48k▲ +15.6% vs 2019
2021: €50k▲ +3.9% vs 2020
2022: €68k▲ +35.9% vs 2021
2023: €71k▲ +5.4% vs 2022
2024: €79k▲ +10.9% vs 2023
2025: €89k▲ +12.3% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€62k-€79k▲ 28.0%€79k▲ 0.7%€86k▲ 8.7%€88k▲ 2.3%
2021: €62klowest in 5 years
2022: €79k▲ +28.0% vs 2021
2023: €79k▲ +0.7% vs 2022
2024: €86k▲ +8.7% vs 2023
2025: €88k▲ +2.3% vs 2024highest in 5 years
Operating result€7k-€20k▲ 182%€-4k€5k€-2k
2021: €7k
2022: €20k▲ +182% vs 2021highest in 5 years
2023: €-4k▼ -118% vs 2022lowest in 5 years
2024: €5k▲ +231% vs 2023
2025: €-2k▼ -143% vs 2024
Net result€8k-€17k▲ 119%€548▼ 96.8%€7k▲ 1,160%€2k▼ 71.6%
2021: €8k
2022: €17k▲ +119% vs 2021highest in 5 years
2023: €548▼ -96.8% vs 2022lowest in 5 years
2024: €7k▲ +1160% vs 2023
2025: €2k▼ -71.6% vs 2024
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 €2k after €5k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €110k
Equity
€88k ▲ 2.3%
Debt
€22k ▼ 15.4%
Debt's share of the balance-sheet total falls from 23.2% to 20.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€-2k▼
2024 · €6k
Cash flow
€2k▼
2024 · €8k
Current ratio
5.09▲
2024 · 4.03
Debt to equity
0.25▼
2024 · 0.30
ROE
2.2%▼
2024 · 8.0%
ROA
1.8%▼
2024 · 6.1%
Interest coverage
-3.94▼
2024 · 25.08
Debt ≤ 1 year
€22k▼
2024 · €26k
Income taxes
€1k▼
2024 · €4k
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 · 41 lines
Balance sheet
Code20242025
Assets
Total assets20/58€112k€110k▼
Fixed assets21/28€7k-
Tangible fixed assets22/27€7k-
Furniture and vehicles24€7k-
Current assets29/58€105k€110k▲
Amounts receivable within one year40/41€105k€110k▲
Trade receivables40€5k€2k▼
Other amounts receivable41€100k€109k▲
Cash at bank and in hand54/58€252€14▼
Deferred charges and accrued income490/1€109€42▼
Equity and liabilities
Total equity and liabilities10/49€112k€110k▼
Equity10/15€86k€88k▲
Contributions10/11€19k€19k=
Reserves13€48k€50k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€46k€48k▲
Profit (loss) carried forward14€20k€20k=
Amounts payable17/49€26k€22k▼
Amounts payable within one year42/48€26k€22k▼
Trade debts44€21k€17k▼
Suppliers440/4€21k€17k▼
Taxes, remuneration and social security45€5k€5k▼
Taxes450/3€5k€5k▼
Accrued charges and deferred income492/3-€392
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€185▼
Other operating charges640/8€2k€9k▲
Gross operating margin9900€8k€7k▼
Operating profit (loss)9901€5k€-2k▼
Financial income75/76B€6k€6k▼
Recurring financial income75€6k€6k▼
Financial charges65/66B€253€488▲
Recurring financial charges65€253€488▲
Profit (loss) for the period before taxes9903€10k€3k▼
Income taxes67/77€4k€1k▼
Profit (loss) for the period9904€7k€2k▼
Profit (loss) for the period to be appropriated9905€7k€2k▼
Appropriation of the result
Profit (loss) to be appropriated9906€27k€22k▼
Profit (loss) brought forward from the previous period14P€20k€20k=
Transfer to equity691/2€7k€2k▼
To other reserves6921€7k€2k▼
The notes to these accounts (5 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €161 | €15 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1k | €3k | €3k | €1k | €185 | ▼ 87.5% |
| Other operating charges640/8 | €929 | €2k | €1k | €2k | €9k | ▲ 406% |
| Gross operating margin9900 | €10k | €25k | €373 | €8k | €7k | ▼ 14.4% |
| Operating profit (loss)9901 | €7k | €20k | €-4k | €5k | €-2k | ▼ 143% |
| Financial income75/76B | €4k | €6k | €5k | €6k | €6k | ▼ 4.3% |
| Recurring financial income75 | €4k | €6k | €5k | €6k | €6k | ▼ 4.3% |
| Financial charges65/66B | €386 | €117 | €389 | €253 | €488 | ▲ 93.0% |
| Recurring financial charges65 | €386 | €117 | €389 | €253 | €488 | ▲ 93.0% |
| Profit (loss) for the period before taxes9903 | €11k | €26k | €897 | €10k | €3k | ▼ 71.2% |
| Income taxes67/77 | €3k | €9k | €349 | €4k | €1k | ▼ 70.4% |
| Profit (loss) for the period9904 | €8k | €17k | €548 | €7k | €2k | ▼ 71.6% |
| Profit (loss) for the period to be appropriated9905 | €8k | €17k | €548 | €7k | €2k | ▼ 71.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €91k | €112k | €111k | €112k | €110k | ▼ 1.8% |
| Fixed assets21/28 | €12k | €12k | €9k | €7k | - | - |
| Tangible fixed assets22/27 | €12k | €12k | €9k | €7k | - | - |
| Furniture and vehicles24 | €12k | €12k | €9k | €7k | - | - |
| Current assets29/58 | €79k | €101k | €102k | €105k | €110k | ▲ 5.1% |
| Amounts receivable within one year40/41 | €78k | €99k | €101k | €105k | €110k | ▲ 5.4% |
| Trade receivables40 | €4k | €5k | €3k | €5k | €2k | ▼ 67.9% |
| Other amounts receivable41 | €74k | €94k | €97k | €100k | €109k | ▲ 8.9% |
| Cash at bank and in hand54/58 | €26 | €274 | €1k | €252 | €14 | ▼ 94.6% |
| Deferred charges and accrued income490/1 | €1k | €1k | €248 | €109 | €42 | ▼ 61.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €91k | €112k | €111k | €112k | €110k | ▼ 1.8% |
| Equity10/15 | €62k | €79k | €79k | €86k | €88k | ▲ 2.3% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €23k | €40k | €41k | €48k | €50k | ▲ 4.1% |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | €21k | €38k | €39k | €46k | €48k | ▲ 4.3% |
| Profit (loss) carried forward14 | €20k | €20k | €20k | €20k | €20k | = |
| Amounts payable17/49 | €30k | €33k | €31k | €26k | €22k | ▼ 15.4% |
| Amounts payable within one year42/48 | €30k | €33k | €31k | €26k | €22k | ▼ 16.9% |
| Trade debts44 | €25k | €21k | €22k | €21k | €17k | ▼ 20.3% |
| Suppliers440/4 | €25k | €21k | €22k | €21k | €17k | ▼ 20.3% |
| Taxes, remuneration and social security45 | €5k | €12k | €9k | €5k | €5k | ▼ 1.6% |
| Taxes450/3 | €5k | €12k | €9k | €5k | €5k | ▼ 1.6% |
| Accrued charges and deferred income492/3 | €255 | €410 | €634 | - | €392 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €8k | €17k | €548 | €7k | €2k | ▼ 71.6% |
| + Depreciation and write-downs630 | €1k | €3k | €3k | €1k | €185 | ▼ 87.5% |
| Operating cash flow (approximation) | €9k | €20k | €3k | €8k | €2k | ▼ 74.4% |
| Investment in fixed assets (approximation) | - | €-2k | €0 | €0 | - | - |
| Change in cash | - | €248 | €782 | €-803 | €-238 | ▲ 70.3% |
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 · micro schema · 31 days late
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €17k ▲119%
Operating result €20k, net result €17k, both a record.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Back to profitnet €5k
Net result €5k after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
31-12
Financial
Weakest financial yearnet €-2k
Net result drops to €-2k, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 59 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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, Brasschaat · 1 establishment unit since 2012
Ground area
929 m²
Building footprint
193 m²
Volume, LiDAR
959 m³
Parcel 11324D0781/00N002, Flanders · tallest building 8.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Door Verstraetelei 43, 2930 Brasschaat
since 20122.206.863.430
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11324D0781/00N002 | Flanders | 929 m² | 1 · 193 m² | 8.8 m · 2 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 6,685 companies in sector 49330 we hold annual accounts for 2,296. 1,679 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)
Founded24-01-2012
Fiscal year end31-12
Activities, NACEBEL 2025
49330On-demand passenger transport by chauffeured vehicle
49310Scheduled passenger transport by road
49410Freight transport by road
Scores and ratios are computed by Checked and are not a credit decision.