COTINUS
ActiveSummary
COTINUS has been active since 2013 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €461,975 and a net result of €27,989. Equity remains stable across the filed financial years (±0.4% per year). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
- Equity
- €461,975
- Profit
- €27,989
- COPPENS,Dirk Juliaan MariaDirector
- VAN IMPE,Nadine Françoise JulienneDirector
Why 93raises riskLiquidity: current ratio 0.37, cash €36,180lowers riskSize: total assets €1.5mFigures for financial year 2025 (filed 25-08-2026)No main activity registeredShow the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 (no NACE code, micro): better than 33% on solvency, 47% on liquidity, 40% on profitability and 63% on growth.
The bankruptcy probability was computed on 30-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 18 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Highest result from 2018 to 2025net €27,989 ▲7,301%
- Annual accounts filedfinancial year 2024 · micro…
Financials · financial year 2025, micro format
2025 annual accounts filed late (21 days) Filed on 21 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00419884.
Source amounts without an identifiable currency are assumed to be EUR.
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 79% above 2024 and is the highest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Use the arrow keys on the chart for the figures per year.
Peer companies
Historical observationOf the 6,049 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 95.9% are still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
For this company itself Checked computes a bankruptcy probability of 0.1% 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 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 6,049 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €59,271 | €57,743 | €58,173 | €58,173 | €58,384 | €58,495 | €58,525 | €58,965 | ▲ 0.8% |
| Other operating charges640/8 | - | - | - | €11,576 | €11,971 | €12,978 | €13,412 | €13,830 | ▲ 3.1% |
| Gross operating margin9900 | €71,521 | €90,697 | €84,196 | €99,934 | €100,037 | €89,529 | €101,444 | €125,565 | ▲ 23.8% |
| Operating profit (loss)9901 | €3,297 | €22,115 | €14,398 | €30,185 | €29,682 | €18,056 | €29,507 | €52,770 | ▲ 78.8% |
| Recurring financial income75 | €0 | €0 | €0 | - | - | - | - | - | - |
| Financial charges65/66B | - | - | - | €27,108 | €24,913 | €29,883 | €29,129 | €24,781 | ▼ 14.9% |
| Recurring financial charges65 | €41,008 | €29,890 | €26,596 | €27,108 | €24,913 | €29,883 | €29,129 | €24,781 | ▼ 14.9% |
| Profit (loss) for the period before taxes9903 | -€37,711 | -€7,775 | -€12,198 | €3,078 | €4,768 | -€11,826 | €378 | €27,989 | ▲ 74× |
| Income taxes67/77 | €0 | €0 | €0 | - | - | - | - | - | - |
| Profit (loss) for the period9904 | -€37,711 | -€7,775 | -€12,198 | €3,078 | €4,768 | -€11,826 | €378 | €27,989 | ▲ 74× |
| Profit (loss) for the period to be appropriated9905 | -€37,711 | -€7,775 | -€12,198 | €3,078 | €4,768 | -€11,826 | €378 | €27,989 | ▲ 74× |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €1.9m | €1.8m | €1.8m | €1.7m | €1.7m | €1.6m | €1.6m | €1.5m | ▼ 2.7% |
| Formation expenses20 | €0 | €0 | €0 | - | - | - | - | - | - |
| Fixed assets21/28 | €1.9m | €1.8m | €1.8m | €1.7m | €1.7m | €1.6m | €1.5m | €1.5m | ▼ 3.8% |
| Intangible fixed assets21 | €0 | €0 | €0 | - | - | - | - | - | - |
| Tangible fixed assets22/27 | €1.9m | €1.8m | €1.8m | €1.7m | €1.6m | €1.6m | €1.5m | €1.5m | ▼ 3.8% |
| Land and buildings22 | - | - | - | €1.7m | €1.6m | €1.6m | €1.5m | €1.5m | ▼ 3.8% |
| Furniture and vehicles24 | - | - | - | - | €0.001m | €0.001m | €0.001m | €432 | ▼ 42.7% |
| Financial fixed assets28 | €0.003m | €0.003m | €0.003m | €0.003m | €0.003m | €0.003m | €0.003m | €0.003m | = |
| Current assets29/58 | €0.004m | €0.009m | €0.005m | €0.02m | €0.02m | €0.01m | €0.03m | €0.04m | ▲ 62.4% |
| Stocks and contracts in progress3 | €0 | €0 | €0 | - | - | - | - | - | - |
| Current investments50/53 | €0 | €0 | €0 | - | - | - | - | - | - |
| Cash at bank and in hand54/58 | €0.004m | €0.009m | €0.001m | €0.02m | €0.009m | €0.004m | €0.02m | €0.04m | ▲ 83.4% |
| Deferred charges and accrued income490/1 | - | - | - | - | €0.009m | €0.009m | €0.006m | €0.006m | ▼ 1.4% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €1.9m | €1.8m | €1.8m | €1.7m | €1.7m | €1.6m | €1.6m | €1.5m | ▼ 2.7% |
| Equity10/15 | €0.5m | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | €0.5m | ▲ 6.4% |
| Contributions10/11 | €0.7m | €0.7m | - | €0.7m | €0.7m | €0.7m | €0.7m | €0.7m | = |
| Profit (loss) carried forward14 | -€0.2m | -€0.2m | -€0.2m | -€0.2m | -€0.2m | -€0.2m | -€0.2m | -€0.2m | ▲ 12.2% |
| Amounts payable17/49 | €1.4m | €1.4m | €1.3m | €1.3m | €1.2m | €1.2m | €1.1m | €1.1m | ▼ 6.2% |
| Amounts payable after more than one year17 | €1.3m | €1.2m | €1.2m | €1.1m | €1.1m | €1.0m | €1.0m | €0.9m | ▼ 5.7% |
| Financial debts170/4 | - | - | - | €0.6m | €0.6m | €0.5m | €0.5m | €0.4m | ▼ 11.6% |
| Other amounts payable178/9 | - | - | - | €0.5m | €0.5m | €0.5m | €0.5m | €0.5m | = |
| Amounts payable within one year42/48 | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | ▼ 15.7% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.05m | €0.05m | €0.05m | €0.05m | €0.06m | ▲ 1.9% |
| Trade debts44 | - | €27 | €67 | €0.001m | €67 | €0 | €0.001m | €0.001m | ▼ 36.0% |
| Suppliers440/4 | - | - | - | €0.001m | €67 | €0 | €0.001m | €0.001m | ▼ 36.0% |
| Taxes, remuneration and social security45 | - | - | - | €0.004m | €0.003m | €0.003m | €0.006m | €0.008m | ▲ 49.6% |
| Taxes450/3 | - | - | - | €0.004m | €0.003m | €0.003m | €0.006m | €0.008m | ▲ 49.6% |
| Other amounts payable47/48 | - | - | - | €0.09m | €0.07m | €0.07m | €0.08m | €0.05m | ▼ 33.1% |
| Accrued charges and deferred income492/3 | - | - | - | €0.001m | €0.01m | €0.01m | €0.02m | €0.02m | ▲ 36.9% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€37,711 | -€7,775 | -€12,198 | €3,078 | €4,768 | -€11,826 | €378 | €27,989 | ▲ 74× |
| + Depreciation and write-downs630 | €59,271 | €57,743 | €58,173 | €58,173 | €58,384 | €58,495 | €58,525 | €58,965 | ▲ 0.8% |
| Operating cash flow (approximation) | €21,560 | €49,968 | €45,975 | €61,250 | €63,152 | €46,668 | €58,903 | €86,954 | ▲ 47.6% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | -€1,609 | €0 | -€4,702 | €0 | - |
| Change in cash | - | €5,087 | -€8,369 | €19,058 | -€11,392 | -€4,315 | €15,328 | €16,457 | ▲ 7.4% |
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 12 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 21-08-2026 | 2026-00419884 |
| 31-12-2024 | micro format | 17-06-2025 | 2025-00154305 |
| 31-12-2023 | micro format | 29-07-2024 | 2024-00313858 |
| 31-12-2022 | micro format | 31-07-2023 | 2023-00302830 |
| 31-12-2021 | micro format | 30-06-2022 | 2022-20132637 |
| 31-12-2020 | micro format | 22-06-2021 | 2021-22700309 |
| 31-12-2019 | micro format | 03-07-2020 | 2020-25800351 |
| 31-12-2018 | micro format | 25-06-2019 | 2019-22800595 |
| 31-12-2017 | micro format | 19-07-2018 | 2018-35500083 |
| 31-12-2016 | micro format | 14-07-2017 | 2017-31800299 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| COPPENS,Dirk Juliaan Maria |
|
| VAN IMPE,Nadine Françoise Julienne |
|
Owners and capital
Capital and shareholders
- 08-01-2024 Converted to unavailable equity
Group and network
Connections & network
2 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
08-01
Gazette deed
Resignations: COPPENS,Dirk Juliaan Maria (director) and VAN IMPE,Nadine Françoise Julienne (director)Reappointments: COPPENS,Dirk Juliaan Maria (director) and VAN IMPE,Nadine Françoise Julienne (director) · Amendment of the articles · Capital conversion13 facts ▸
- General meeting, 20-11-2023
- Amendment of the articles (2 times)
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Reserve release, “vormen en meerderheden van statutenwijziging, opheffen statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Capital
- Director resignation, COPPENS,Dirk Juliaan Maria (director)
- Director resignation, VAN IMPE,Nadine Françoise Julienne (director)
- Director discharge, COPPENS,Dirk Juliaan Maria
- Director discharge, VAN IMPE,Nadine Françoise Julienne
- Director reappointment, COPPENS,Dirk Juliaan Maria (director (not named in the articles))
- Director reappointment, VAN IMPE,Nadine Françoise Julienne (director (not named in the articles))
- Power of attorney, Hilde Fermon
- +1 further fact in this act
About the unread acts
Of the 3 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.
Register details
No listing in the Peppol Directory under this enterprise or VAT number. That proves nothing: being listed there is voluntary.
What can you do?
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If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 30 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
2 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 24063B0094/00N004 | Flanders | 1,453 m² | 1 · 158 m² | 21.6 m |
| 41302C1000/00B008 | Flanders | 684 m² | 1 · 198 m² | 18.6 m · 5 |
How the parcels are linked
Articles of association
What the company does
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest, Artikel 2” (deed in Dutch)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Één of meer bestuurders, bestuursorgaan” (deed in Dutch)“Bedrag vaste of evenredige vergoeding, algemene kosten,los van representatie-,reis-en verplaatsingskosten” (deed in Dutch)
Capital, shares and profit
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Voor helft ten laste van overdrager en voor andere helft ten laste van koper(s), bestuursorgaan” (deed in Dutch)
- Share issue ruleHow and by whom new shares can be issued.
- “Inbreng in geld met uitgifte van nieuwe aandelen-recht van voorkeur, per e-mail” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- “TITEL V. ALGEMENE VERGADERING Artikel 18. Organisatie en bijeenroeping Ieder jaar wordt een gewone algemene vergadering van aandeelhouders…” (deed in Dutch)
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Beslissing algemene vergadering, elk moment” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Ontbinding en sluiting vereffening in één akte, mogelijk onder voorwaarden van Wetboek vennootschappen en verenigingen” (deed in Dutch)“Bestuurder(s) in functie aangewezen als vereffenaar(s) krachtens statuten indien geen andere vereffenaar benoemd, vereffenaars bij…” (deed in Dutch)