COTOM
ActiveSummary
COTOM has been active since 2008 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €12,908 and a net result of €3,655. Equity has been shrinking by about 11% per year since 2019. Its solvency ranks better than 34% of 34,902 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 04-06-2008 Normal situation
- Activity
- Other specialised construction activities NACE 43990and 11 others
- Establishment unit
- 2.171.119.227 5032 Gembloux, since 04-06-2008
- Financial year end
- 30 June
- Peppol
- Reachable since 23-12-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.1%
- Gross margin
- €14,432
- ▲ 845%
- Turnover
- ≈ €200,000
- estimated
- Profit
- €3,655
- Equity
- €12,908
- ▲ 39.5%
- Total assets
- €39,443
- ▲ 2.5%
- 2025 accounts filed 26 days after the deadline
Score breakdownraises riskSector: Specialised construction activities (NACE 43)lowers riskLiquidity: current ratio 1.56, cash €22,805Founded in 2008Figures for financial year 2025 (filed on 03-03-2026)Show the evidence
Checked score
About 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 43, micro). It does better than 35% of them on solvency, 72% on liquidity, 60% on profitability and 79% 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 23 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
2025 annual accounts filed 26 days after the deadline Filed on 26 February 2026, deadline 31 January 2026 (7 months after the close on 30 June 2025, Companies Code art. 3:10). Source: NBB, 2026-00046946.
Annual accounts 2025 filed on 26-02-2026 PDF all 17 filings
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result for 2025 is a profit of €5,272, after a loss of €7,412 in 2024. It is the highest result since 2021.
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.
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Specialised construction activities (NACE 43). 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 and return on assets (ROA).
Investments
| Item | 30-06-2022 | 30-06-2023 | 30-06-2024 | 30-06-2025 |
|---|---|---|---|---|
| Tangible fixed assets | - | - | €2,447 | €1,620 |
| Financial fixed assets | €131 | - | - | - |
| Depreciation and write-downs of the year | €7,834 | €7,761 | €8,308 | €8,360 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Comparable companies
These companies have the same main activity as COTOM: other specialised construction activities (NACE 43990). They are comparable in size and age: total assets between €34,400 and €43,100, founded between 2006 and 2009.
| Company | Founded | Total assets | Equity | Gross margin | Net result | Financial year |
|---|---|---|---|---|---|---|
| COTOM Gembloux | 2008 | €39,443 | €12,908 | €14,432 | €3,655 | 2025 |
| S.D.T.C. Jemeppe-sur-Sambre | 2006 | €43,139 | -€68,505 | €11,990 | €8,212 | 2025 |
| ELITE CONSTRUCT Schaarbeek | 2007 | €40,358 | €39,848 | €14,784 | €14,066 | 2025 |
| F.X. CONCEPT Aubel | 2006 | €40,101 | €20,960 | €14,349 | -€267 | 2025 |
| EAST WEST IMPORT Wavre | 2006 | €34,375 | €22,193 | €15,050 | €1,620 | 2025 |
| DELTA TRAVAUX SERVICE DECORATION Evere | 2007 | €36,327 | €28,182 | €12,059 | €1,107 | 2025 |
| R.A.N. RENOV Zaventem | 2009 | €41,323 | €20,714 | €11,645 | €1,615 | 2025 |
They were chosen from the 7,010 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
Companies with the same profile, two years later
Historical observationIn July 2024, 34,693 companies had the same profile as COTOM 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 COTOM itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,445 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 COTOM. 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.
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €259 | €164 | €3,626 | €7,834 | €7,761 | €8,308 | €8,360 | ▲ 0.6% |
| Other operating charges640/8 | - | - | - | €582 | €588 | €632 | €799 | ▲ 26.6% |
| Gross operating margin9900 | -€1,390 | €3,531 | -€2,118 | €11,399 | €10,356 | €1,527 | €14,432 | ▲ 845% |
| Operating profit (loss)9901 | -€1,997 | €3,367 | -€6,489 | €2,984 | €2,007 | -€7,412 | €5,272 | - |
| Financial income75/76B | - | - | - | - | €0 | - | - | - |
| Recurring financial income75 | €110 | €14 | €3 | - | €0 | - | - | - |
| Financial charges65/66B | - | - | - | €1,359 | €1,033 | €780 | €602 | ▼ 22.8% |
| Recurring financial charges65 | €51 | €80 | €642 | €1,359 | €1,033 | €780 | €602 | ▼ 22.8% |
| Profit (loss) for the period before taxes9903 | -€1,938 | €3,302 | -€7,127 | €1,625 | €974 | -€8,191 | €4,670 | - |
| Income taxes67/77 | €404 | €944 | €260 | €324 | €1,348 | €305 | €1,015 | ▲ 233% |
| Profit (loss) for the period9904 | -€2,342 | €2,357 | -€7,387 | €1,301 | -€374 | -€8,496 | €3,655 | - |
| Profit (loss) for the period to be appropriated9905 | -€2,342 | €2,357 | -€7,387 | €1,301 | -€374 | -€8,496 | €3,655 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €25,298 | €30,486 | €56,541 | €56,373 | €51,992 | €38,480 | €39,443 | ▲ 2.5% |
| Fixed assets21/28 | €440 | €276 | €35,238 | €27,535 | €19,643 | €13,782 | €7,042 | ▼ 48.9% |
| Tangible fixed assets22/27 | €440 | €276 | €35,238 | €27,404 | €19,643 | €13,782 | €7,042 | ▼ 48.9% |
| Plant, machinery and equipment23 | - | - | - | €43 | - | €1,857 | €2,834 | ▲ 52.6% |
| Leasing and similar rights25 | - | - | - | €27,361 | €19,643 | €11,925 | €4,208 | ▼ 64.7% |
| Financial fixed assets28 | - | - | - | €131 | - | - | - | - |
| Current assets29/58 | €24,857 | €30,209 | €21,303 | €28,838 | €32,350 | €24,698 | €32,402 | ▲ 31.2% |
| Amounts receivable within one year40/41 | €1,443 | €8,374 | €2,429 | €3,338 | €5,310 | €8,404 | €4,138 | ▼ 50.8% |
| Trade receivables40 | - | - | - | €3,338 | €4,009 | €7,999 | €2,749 | ▼ 65.6% |
| Other amounts receivable41 | - | - | - | - | €1,301 | €405 | €1,390 | ▲ 243% |
| Current investments50/53 | €3,600 | €3,600 | €3,600 | €3,600 | €3,600 | €3,600 | €3,600 | = |
| Cash at bank and in hand54/58 | €19,484 | €13,583 | €12,863 | €19,950 | €21,638 | €11,008 | €22,805 | ▲ 107% |
| Deferred charges and accrued income490/1 | - | - | - | €1,950 | €1,802 | €1,687 | €1,858 | ▲ 10.2% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €25,298 | €30,486 | €56,541 | €56,373 | €51,992 | €38,480 | €39,443 | ▲ 2.5% |
| Equity10/15 | €21,852 | €24,209 | €16,822 | €18,123 | €17,749 | €9,253 | €12,908 | ▲ 39.5% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Contributions outside capital11 | - | - | - | €18,600 | - | - | - | - |
| Other1109/19 | - | - | - | €18,600 | - | - | - | - |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | - | - | - |
| Distributable reserves133 | - | - | - | - | - | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €1,392 | €3,749 | -€3,638 | -€2,337 | -€2,711 | -€11,207 | -€7,552 | ▲ 32.6% |
| Amounts payable17/49 | €3,446 | €6,276 | €39,720 | €38,250 | €34,243 | €29,228 | €26,535 | ▼ 9.2% |
| Amounts payable after more than one year17 | - | - | €26,602 | €21,090 | €15,353 | €9,383 | €5,788 | ▼ 38.3% |
| Financial debts170/4 | - | - | - | €21,090 | €15,353 | €9,383 | €5,788 | ▼ 38.3% |
| Amounts payable within one year42/48 | €3,446 | €6,276 | €13,118 | €17,161 | €18,890 | €19,845 | €20,747 | ▲ 4.5% |
| Current portion of amounts payable after more than one year42 | - | - | - | €5,031 | €5,247 | €5,461 | €3,219 | ▼ 41.1% |
| Trade debts44 | €1,081 | €1,830 | €1,716 | €3,324 | €2,489 | €2,665 | €4,229 | ▲ 58.7% |
| Suppliers440/4 | - | - | - | €3,324 | €2,489 | €2,665 | €4,229 | ▲ 58.7% |
| Taxes, remuneration and social security45 | - | - | - | €845 | €1,470 | €1,878 | €1,060 | ▼ 43.6% |
| Taxes450/3 | - | - | - | €845 | €1,470 | €473 | €1,060 | ▲ 124% |
| Remuneration and social security454/9 | - | - | - | - | - | €1,405 | - | - |
| Other amounts payable47/48 | - | - | - | €7,961 | €9,684 | €9,841 | €12,239 | ▲ 24.4% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€2,342 | €2,357 | -€7,387 | €1,301 | -€374 | -€8,496 | €3,655 | - |
| + Depreciation and write-downs630 | €259 | €164 | €3,626 | €7,834 | €7,761 | €8,308 | €8,360 | ▲ 0.6% |
| Operating cash flow (approximation) | -€2,082 | €2,521 | -€3,761 | €9,135 | €7,387 | -€189 | €12,016 | - |
| Investment in fixed assets (approximation) | - | €0 | -€38,588 | -€131 | €131 | -€2,447 | -€1,620 | ▲ 33.8% |
| Change in cash | - | -€5,902 | -€720 | €7,086 | €1,688 | -€10,630 | €11,798 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 17 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | micro format | 26-02-2026 | 2026-00046946 | |
| 30-06-2024 | micro format | 27-02-2025 | 2025-00041502 | |
| 30-06-2023 | micro format | 31-01-2024 | 2024-00025982 | |
| 30-06-2022 | micro format | 28-02-2023 | 2023-00036107 | |
| 30-06-2021 | micro format | 28-02-2022 | 2022-06700157 | |
| 30-06-2020 | micro format | 22-02-2021 | 2021-06400072 | |
| 30-06-2019 | micro format | 28-02-2020 | 2020-06000333 | |
| 30-06-2018 | micro format | 21-02-2019 | 2019-05600357 | |
| 30-06-2017 | micro format | 28-02-2018 | 2018-06200043 | |
| 30-06-2016 | full format | 16-02-2017 | 2017-04600018 |
Board & ownership
Directors
Owners and capital
Capital transactions
- 20-12-2023 Converted to unavailable equity · €20,460
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| OLIVER Thierry |
|
Articles of association
- Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
- “Moitié cédant, moitié acquéreurs proportionnellement nombre actions, prix mentionné notification initiale”
- Share issue ruleThe articles set how and by whom new shares are issued.
- “Moitié au moins des actionnaires possédant trois quarts au moins des actions, organe qui procède à l'émission”
Articles of association, deed of 20-12-2023 (in French)
Network & group
COTOM shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of COTOM. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
20-12
Gazette deed
Change of role: OLIVER Thierry, from manager to directorRegistered office clause · Power of attorney · Capital conversion12 points ▸
- Director resignation, OLIVER Thierry (manager)
- Director appointment, OLIVER Thierry (director (not named in the articles))
- Registered office clause, “5032 Isnes, rue René Rubay, numéro 41, actionnaire unique” (deed in French)
- Power of attorney
- General meeting, 11-12-2023
- Other provision, “adaptation statuts au Code des sociétés et des associations, actionnaire unique” (deed in French)
- Capital conversion, “compte de capitaux propres statutairement indisponible” (deed in French)
- Other provision, “suppression compte de capitaux propres statutairement indisponible, fonds disponibles pour distribution” (deed in French)
- Other provision, “rapport article 5:101 Code des Sociétés et des Associations, au greffe du Tribunal de l’Entreprise avec expédition du procès-verbal” (deed in French)
- Purpose change
- Other provision, “conséquence des résolutions précédentes, adoption statuts complètement nouveaux en concordance avec le Code des sociétés et des associations” (deed in French)
- Capital
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
42 activities
- Tous travaux de drainage
- Tous travaux de route et de construction d'ouvrage d'art métalliques et non métalliques
- Les couvertures de constructions et travaux hydrofuges
- Les revêtements de murs et de sols
- Tous travaux de plafonnage,peinture et tapissage
- Tous travaux de pierres de taille et de marbrerie
- Tous travaux de restauration
- Le chauffage central,installations sanitaires,plomberie-zinguerie
- L'installation électrotechnique
- L'installation de piscine
- L'installation d'un système de pompe à chaleur
- L'installation d’un système de panneaux solaires
- L'installation d'un système de panneaux photovoltaïques
- Les travaux de terrassement : creusement,comblement,nivellement de chantiers de construction,ouverture de tranchées,dérochement,destruction à explosif,etc.
- Le déblayage des chantiers
- L'exécution de forages horizontaux pour passages de câbles ou de canalisations
- La construction de terrains de jeux et de sport,de bassins de natation,etc.
- La mise en place de fondations,y compris battage de pieux
- Tous travaux de ferraillage et pose de coffrage
- La pose de chape
- La construction de cheminées décoratives et de feux ouverts
- Le montage d'éléments de structures métalliques non fabriqués par l'unité qui exécute les travaux
- Le montage et démontage d'échafaudages et de plates-formes de travail
- L'exécution de travaux de rejointoiement
- La mise en œuvre dans des bâtiments ou d'autres projets de construction des matériaux d'isolation thermique,matériaux d'isolation acoustique et anti vibratile
- Les travaux d'isolation de canalisations de chauffage ou de réfrigération
- Le montage de cloisons sèches à base de plâtre
- Le montage de menuiseries extérieurs et intérieurs métallique : portes,fenêtres,dormants de portes et fenêtres,escaliers,placards,cuisines équipées,équipements pour magasins,etc.
- Le montage de cloisons mobiles
- Le revêtement de murs,de plafonds,etc.,métallique
- Le montage de portes de garage,de volets,de persiennes,de grillages,de grilles,etc.,métallique
- Le montage de portes blindées et portes coupe-feux,métallique
- La peinture d'ossatures métalliques
- Le nettoyage à la vapeur,le sablage et les activités analogues appliquées aux parties extérieures des bâtiments
- Le nettoyage de bâtiments nouveaux et la remise en état des lieux après travaux ; les autres travaux d'achèvement et de finition des bâtiments n.d.a.
- La réparation et l'entretien de chaudières domestiques
- La livraison de fret express ; la conception de jardins,de parcs,etc.
- Le nettoyage des vitres
- Le ramonage des cheminées et le nettoyage des âtres,des fourneaux,des incinérateurs,des chaudières,des gaines de ventilation et des dispositifs d'évacuation de fumées
- Les activités de désinfection et de destruction des parasites dans les bâtiments,les navires,les trains,etc.
- La collecte et traitement des eaux usées
- Les services liés aux soins et au bien-être de la personne tel que la naturopathie et tout ce qui s’y rapporte,ainsi que l’hygiène de vie
Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0898.349.761
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 92065A0120/00A002 | Wallonia | 884 m² | 1 · 160 m² | 6.7 m · 2 |