Summary
COTHINK is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2026 annual accounts show equity of €857,911 and a net result of €385,309, of which €298,989 non-recurring income. Equity is growing by about 6.3% per year across the filed financial years. Its solvency ranks better than 84% of 262 sector peers (NACE 64, financial year 2026). The company has been active since 2012 and the Belgian Official Gazette contains no insolvency or warning signals.
Financials · financial year 2026, abbreviated format
In the rankings
#6 company by equity in Rumst, Finance and insurance sector#8 company by total assets in Rumst, Finance and insurance sector#9 oldest company in Rumst, Finance and insurance sector
Equity
€857,911▲ 70.1%
2025 · €504,352
Net result
€385,309▲ 243%
2025 · €112,393
Total assets
€949,375▲ 68.2%
2025 · €564,596
Solvency
90.4%▲ 1.0pp
2025 · 89.3%
Trend over the years
2022 to 2026, 5 financial years 2019 to 2026, 8 financial years
The operating result falls in 2026; 2026 is 5% below 2025.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€149,062
2026
Net result€385,309
2026
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€949,375
2026
Equity€857,911
2026
Debt€91,464
2026
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€746,130
2026
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)40.6%
2026
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency90.4%
2026
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio9.43
2026
Average staff in full-time equivalents (FTE).
Staff (FTE)1
2026
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 64, Financial service activities, except insurance and pension funding: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the financial year before
favourable
unfavourable
Line20192020202120222023202420252026
Operating result€159,447-€37,655▼ 76.4%€128,929▲ 242%€132,523▲ 2.8%€116,789▼ 11.9%€141,813▲ 21.4%€156,784▲ 10.6%€149,062▼ 4.9%
Net result€112,616-€31,771▼ 71.8%€93,939within the sector's middle half▲ 196%€73,313within the sector's middle half▼ 22.0%€84,897within the sector's middle half▲ 15.8%€102,458within the sector's middle half▲ 20.7%€112,393within the sector's middle half▲ 9.7%€385,309▲ 243%
Equity€345,380-€377,152▲ 9.2%€471,091within the sector's middle half▲ 24.9%€479,404above the sector's middle half▲ 1.8%€489,801within the sector's middle half▲ 2.2%€490,259within the sector's middle half▲ 0.1%€504,352within the sector's middle half▲ 2.9%€857,911▲ 70.1%
Total assets€393,015-€398,042▲ 1.3%€511,522below the sector's middle half▲ 28.5%€523,266within the sector's middle half▲ 2.3%€527,114below the sector's middle half▲ 0.7%€539,256below the sector's middle half▲ 2.3%€564,596below the sector's middle half▲ 4.7%€949,375▲ 68.2%
Debt€47,635-€20,890▼ 56.1%€40,431▲ 93.5%€43,862▲ 8.5%€37,314▼ 14.9%€48,997▲ 31.3%€60,244▲ 23.0%€91,464▲ 51.8%
Working capital€171,968-€182,843▲ 6.3%€200,834within the sector's middle half▲ 9.8%€454,793above the sector's middle half▲ 126%€413,429above the sector's middle half▼ 9.1%€403,916above the sector's middle half▼ 2.3%€410,848above the sector's middle half▲ 1.7%€746,130▲ 81.6%
Solvency87.9%-94.8%▲ 6.9pp92.1%above the sector's middle half▼ 2.7pp91.6%above the sector's middle half▼ 0.5pp92.9%above the sector's middle half▲ 1.3pp90.9%above the sector's middle half▼ 2.0pp89.3%above the sector's middle half▼ 1.6pp90.4%▲ 1.0pp
Current ratio5.27-13.40▲ 8.146.66above the sector's middle half▼ 6.7412.13above the sector's middle half▲ 5.4713.05above the sector's middle half▲ 0.929.76above the sector's middle half▼ 3.298.18above the sector's middle half▼ 1.589.43▲ 1.26
Return on assets (ROA)28.7%-8.0%▼ 20.7pp18.4%above the sector's middle half▲ 10.4pp14.0%within the sector's middle half▼ 4.4pp16.1%above the sector's middle half▲ 2.1pp19.0%above the sector's middle half▲ 2.9pp19.9%above the sector's middle half▲ 0.9pp40.6%▲ 20.7pp
Staff (FTE)0.11within the sector's middle half▲ 900%1=1within the sector's middle half=1within the sector's middle half=1within the sector's middle half=1=
above
within
below
the middle half of NACE 64, Financial service activities, except insurance and pension funding: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €949,375
Fixed assets
€114,781 ▲ 18.9%
Current assets
€834,594 ▲ 78.3%
Equity and liabilities €949,375
Equity
€857,911 ▲ 70.1%
Debt
€91,464 ▲ 51.8%
Debt's share of the balance-sheet total falls from 10.7% to 9.6%. Equity and debt are higher.
Key figures and ratios
ROE
44.9%▲
2025 · 22.3%
Debt ≤ 1 year
€88,464▲
2025 · €57,244
Income taxes
€76,565▲
2025 · €51,066
Staff costs
€119,078▼
2025 · €120,448
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €0 | - | - | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | €92,848 | €60,418 | €117,771 | €120,448 | €119,078 | ▼ 1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,540 | €4,189 | €2,434 | €2,667 | €5,373 | €10,227 | €11,805 | €13,344 | ▲ 13.0% |
| Other operating charges640/8 | - | - | - | €5,097 | €7,975 | €9,991 | €8,292 | €7,409 | ▼ 10.6% |
| Gross operating margin9900 | €169,268 | €42,956 | €226,642 | €233,136 | €190,554 | €279,802 | €297,329 | €288,893 | ▼ 2.8% |
| Operating profit (loss)9901 | €159,447 | €37,655 | €128,929 | €132,523 | €116,789 | €141,813 | €156,784 | €149,062 | ▼ 4.9% |
| Financial income75/76B | - | - | - | €10,678 | €5,306 | €4,808 | €7,005 | €313,201 | ▲ 45× |
| Recurring financial income75 | €4,593 | €6,851 | €5,510 | €10,678 | €5,306 | €4,808 | €7,005 | €14,212 | ▲ 103% |
| Non-recurring financial income76B | - | - | - | - | - | - | - | €298,989 | - |
| Financial charges65/66B | - | - | - | €39,366 | €171 | €157 | €330 | €388 | ▲ 17.5% |
| Recurring financial charges65 | €184 | €1,593 | €371 | €502 | €171 | €157 | €330 | €388 | ▲ 17.5% |
| Non-recurring financial charges66B | - | - | - | €38,864 | €0 | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €163,856 | €42,913 | €134,068 | €103,836 | €121,923 | €146,463 | €163,459 | €461,874 | ▲ 183% |
| Income taxes67/77 | €51,240 | €11,141 | €40,129 | €30,523 | €37,027 | €44,006 | €51,066 | €76,565 | ▲ 49.9% |
| Profit (loss) for the period9904 | €112,616 | €31,771 | €93,939 | €73,313 | €84,897 | €102,458 | €112,393 | €385,309 | ▲ 243% |
| Profit (loss) for the period to be appropriated9905 | €112,616 | €31,771 | €93,939 | €73,313 | €84,897 | €102,458 | €112,393 | €385,309 | ▲ 243% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €393,015 | €398,042 | €511,522 | €523,266 | €527,114 | €539,256 | €564,596 | €949,375 | ▲ 68.2% |
| Fixed assets21/28 | €180,762 | €200,459 | €275,207 | €27,611 | €79,372 | €89,239 | €96,504 | €114,781 | ▲ 18.9% |
| Tangible fixed assets22/27 | €13,331 | €8,775 | €4,945 | €12,611 | €32,337 | €28,734 | €24,379 | €39,391 | ▲ 61.6% |
| Plant, machinery and equipment23 | - | - | - | €3,642 | €10,424 | €15,337 | €12,010 | €8,307 | ▼ 30.8% |
| Furniture and vehicles24 | - | - | - | €8,970 | €21,912 | €13,397 | €7,716 | €26,431 | ▲ 243% |
| Other tangible fixed assets26 | - | - | - | - | - | - | €4,653 | €4,653 | = |
| Financial fixed assets28 | €167,431 | €191,684 | €270,262 | €15,000 | €47,035 | €60,505 | €72,125 | €75,390 | ▲ 4.5% |
| Current assets29/58 | €212,253 | €197,583 | €236,315 | €495,654 | €447,743 | €450,017 | €468,092 | €834,594 | ▲ 78.3% |
| Amounts receivable after more than one year29 | - | - | - | €179,500 | €119,000 | €59,000 | €56,000 | €320,888 | ▲ 473% |
| Trade receivables290 | - | - | - | €16,500 | €0 | - | - | - | - |
| Other amounts receivable291 | - | - | - | €163,000 | €119,000 | €59,000 | €56,000 | €320,888 | ▲ 473% |
| Amounts receivable within one year40/41 | €37,486 | €29,988 | €15,972 | €77,467 | €71,662 | €102,990 | €13,981 | €89,702 | ▲ 542% |
| Trade receivables40 | - | - | - | €37,467 | €11,162 | €22,990 | €10,981 | €15,972 | ▲ 45.5% |
| Other amounts receivable41 | - | - | - | €40,000 | €60,500 | €80,000 | €3,000 | €73,730 | ▲ 25× |
| Current investments50/53 | - | €10,725 | €40,552 | €72,759 | €112,152 | €226,373 | €331,375 | €355,096 | ▲ 7.2% |
| Cash at bank and in hand54/58 | €85,826 | €62,673 | €129,643 | €124,031 | €71,727 | €12,371 | €27,953 | €34,820 | ▲ 24.6% |
| Deferred charges and accrued income490/1 | - | - | - | €41,897 | €73,202 | €49,282 | €38,783 | €34,087 | ▼ 12.1% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €393,015 | €398,042 | €511,522 | €523,266 | €527,114 | €539,256 | €564,596 | €949,375 | ▲ 68.2% |
| Equity10/15 | €345,380 | €377,152 | €471,091 | €479,404 | €489,801 | €490,259 | €504,352 | €857,911 | ▲ 70.1% |
| Contributions10/11 | €25,000 | €25,000 | - | €25,000 | €25,000 | €5,000 | €5,000 | €5,000 | = |
| Reserves13 | €319,800 | €351,550 | €445,450 | €453,763 | €464,801 | €485,259 | €499,259 | €852,809 | ▲ 70.8% |
| Non-distributable reserves130/1 | - | - | - | €2,500 | €0 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €2,500 | €0 | - | - | - | - |
| Distributable reserves133 | - | - | - | €451,263 | €464,801 | €485,259 | €499,259 | €852,809 | ▲ 70.8% |
| Profit (loss) carried forward14 | €580 | €602 | €641 | €641 | €0 | €0 | €93 | €103 | ▲ 9.9% |
| Amounts payable17/49 | €47,635 | €20,890 | €40,431 | €43,862 | €37,314 | €48,997 | €60,244 | €91,464 | ▲ 51.8% |
| Amounts payable within one year42/48 | €40,285 | €14,740 | €35,481 | €40,862 | €34,314 | €46,100 | €57,244 | €88,464 | ▲ 54.5% |
| Financial debts43 | - | - | - | €2,370 | €0 | - | - | - | - |
| Credit institutions430/8 | - | - | - | €2,370 | €0 | - | - | - | - |
| Trade debts44 | €5,354 | €2,367 | €610 | €4,273 | €3,935 | €5,298 | €7,757 | €12,386 | ▲ 59.7% |
| Suppliers440/4 | - | - | - | €4,273 | €3,935 | €5,298 | €7,757 | €12,386 | ▲ 59.7% |
| Taxes, remuneration and social security45 | - | - | - | €29,292 | €27,412 | €35,659 | €41,807 | €67,268 | ▲ 60.9% |
| Taxes450/3 | - | - | - | €9,215 | €11,551 | €12,628 | €14,831 | €40,269 | ▲ 172% |
| Remuneration and social security454/9 | - | - | - | €20,077 | €15,861 | €23,031 | €26,976 | €26,999 | ▲ 0.1% |
| Other amounts payable47/48 | - | - | - | €4,927 | €2,967 | €5,144 | €7,680 | €8,810 | ▲ 14.7% |
| Accrued charges and deferred income492/3 | - | - | - | €3,000 | €3,000 | €2,897 | €3,000 | €3,000 | = |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €112,616 | €31,771 | €93,939 | €73,313 | €84,897 | €102,458 | €112,393 | €385,309 | ▲ 243% |
| + Depreciation and write-downs630 | €8,540 | €4,189 | €2,434 | €2,667 | €5,373 | €10,227 | €11,805 | €13,344 | ▲ 13.0% |
| Operating cash flow (approximation) | €121,156 | €35,960 | €96,373 | €75,980 | €90,270 | €112,685 | €124,198 | €398,653 | ▲ 221% |
| Investment in fixed assets (approximation) | - | -€23,885 | -€77,182 | €244,929 | -€57,133 | -€20,095 | -€19,070 | -€31,621 | ▼ 65.8% |
| Change in cash | - | -€23,154 | €66,971 | -€5,612 | -€52,304 | -€59,356 | €15,582 | €6,867 | ▼ 55.9% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 14 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-03-2026 | abbreviated format | 25-06-2026 | 2026-00195495 |
| 31-03-2025 | abbreviated format | 16-06-2025 | 2025-00141403 |
| 31-03-2024 | abbreviated format | 13-09-2024 | 2024-00460668 |
| 31-03-2023 | abbreviated format | 27-07-2023 | 2023-00289086 |
| 31-03-2022 | micro format | 14-06-2022 | 2022-20061197 |
| 31-03-2021 | abbreviated format | 08-06-2021 | 2021-17800048 |
| 31-03-2020 | abbreviated format | 30-06-2020 | 2020-22300320 |
| 31-03-2019 | abbreviated format | 01-07-2019 | 2019-25000542 |
| 31-03-2018 | abbreviated format | 15-06-2018 | 2018-18400447 |
| 31-03-2017 | abbreviated format | 19-06-2017 | 2017-17900494 |
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Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.