Financials
- Fiscal year
- 2025
- Turnover
- €343,069
- Profit
- €35,611
- Solvency
- 10.9%
Turnover▲ 86.8%
Net result
20182025
COTIMA
Judicial reorganisationSummary
The file of COTIMA contains 1 judicial reorganisation, as published in the Belgian State Gazette. During the judicial reorganisation Checked does not compute a bankruptcy probability from the figures: of the Belgian companies that opened one in 2023 and 2024, about one in four went bankrupt within twelve months. The 2025 annual accounts show equity of €37,596 and a net result of €35,611. Equity is shrinking by ~18.4% per year across the filed fiscal years. Its solvency ranks better than 16% of 2275 sector peers (fiscal year 2025).
Are you a creditor?
Judicial reorganisation
Source: Belgian Official Gazette
Your claim still exists, but while the moratorium runs you cannot enforce it. What you do now depends on the track of the reorganisation.
The procedure
- Court
- Enterprise Court of Ghent
- Opened
- 31 October 2022
- Track
- Reorganisation by collective agreement
- Docket number
- 20220012
- Moratorium until
- 17 April 2023 (passed; an extension would be in a later judgment)
- Creditors' vote
- 3 April 2023
- Delegated judge
- Peter Focke
- Official Gazette
- 07-11-2022 (pdf) ↗search the document for 2022/140084
What to do now
- Do not attach assets or start enforcement for debts from before the opening while the moratorium runs.
- Check the amount the company lists you for: it has to tell you. If it is wrong, dispute it in writing.
- The company files a reorganisation plan and creditors vote on it at a hearing. A plan approved and confirmed by the court also binds those who voted against.
- What you deliver after the opening is not covered by the moratorium: agree clear payment terms.
- The file is in RegSol, where you can read the documents of the procedure.
Deadlines: the judgment sets how long the moratorium runs. That date is in RegSol and in the publication in the Official Gazette. The date of the vote on the plan is in the judgment and in RegSol.
View the file in RegSol ↗
Watch
Follow this reorganisation: you are alerted to an extension, the court's approval, the closure or a bankruptcy.
General information, not legal advice. If in doubt, your lawyer or your accountant can help.Creditor guide for this company
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Overview
Activity
Forging of metal
NACE 25401NACE 25501Machining of metals NACE 25530
1 site
Size
€343,069turnover 2025
- Staff
- 1.3 FTE
- Equity
- €37,596
- Profit
- €35,611
Financial health
24
Critical
Checked score 2025Reorganisation running: about 1 in 4 bankrupt within the year
Structure
Accounts 32 d early0 of 1 deed read
Why 24- Weak solvency vs sector- In judicial reorganisationLatest accounts filed on timeShow the evidence
Checked score
Score 2025
24
/ 100
Critical
Without a bankruptcy probability: score from the figures alone
An ongoing judicial reorganisation from the Belgian State Gazette caps the score at 24. Every signal that weighs is under Signals.
Financial strength · tick = 2024
Average
Solvency
36+10
equity 10.9% of total assets
Liquidity
21-4
short-term debt 89.1% · cash 16.3%
Profitability
78+65
return on assets 10.3%
Bankruptcy probability, 12 months
Judicial reorganisation
About 1 in 4 comparable companies went bankrupt within the year
A judicial reorganisation is open: we then compute no probability from the figures. Measured over every Belgian company in an open or failed reorganisation: 25% to 26% bankrupt within twelve months (2024 and 2025).
No credit on open account during an ongoing judicial reorganisation
Liquidity short (current ratio 0.95 against 0.9 in 2024; short-term debt: 89.1% and cash: 16.3% of total assets), and 89.1% of the assets are financed with debt.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 2275 sector peers (2025).
NBB · sector comparisonPosition among 2275 sector peers
Solvency
better than 16%
← weakest
strongest →
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 29-06-2026, 32 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
32 d early
2024
34 d early
2023
30 d early
2022
28 d early
2021
32 d late
2020
27 d late
2019
44 d early
← 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 16 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% 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. Usually files around 2 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
05-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · micro…
- Back to profitnet €35,611
- Annual accounts filedfiscal year 2024 · micro…
Key points
- Risk: In judicial reorganisationcreditors: see the procedure below 31-10-2022 View
- Positive: Turnover rose in 2025from €183,669 to €343,069 ▲ 86.8% View
- Caution: Among the weakest 16% on solvencysector median 44.7% · 2,275 companies 10.9% View
- Positive: Always filed on timeaccounts within the deadline every year 4 years View
By topic
Timeline
- Events
- 15
- Since
- 2017
- Next accounts
- by 31-07-2027
- 29-06-2026Annual accounts filed
- 31-12-2025Back to profit
- 27-06-2025Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Private limited company (pre-2019)
- Activity
- Forging of metalNACE 25401
- Founded
- 02-07-1999
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
Go further with this company
What should you check before you do business with this company?Supplier due diligence What held for this company on a given day: board, seat, name?Company as of a date Is the registered address a letterbox address or a business centre?Addresses Are there other customers at risk in your own list?Process a list How is the Forging of metal sector doing?Sector figures
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