COTRADE
ActiveCOTRADE has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €170k and a net result of €97k. Equity is growing by ~13% per year across the filed fiscal years. Its solvency ranks better than 36% of 11206 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+24
Solvency23▼-74
Growth78=
Stability100
Bankruptcy probability, 12 months
1.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9k at 30 days acceptable
Liquidity short (current ratio 0.46 against 2.98 in 2024), and 76.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Nine signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← 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
23.6%
Return on assets
13.5%
Age of the figures
9 mo
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 04-06-2026, 57 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
57 d early
2024
29 d late
2023
29 d late
2022
152 d late
2021
31 d late
← before the deadline
after the deadline →
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
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€170k▲ 134%
2024 · €72k
2021: €63k
2022: €62k
2023: €61k
2024: €72k
2021 → 2025
Total assets
€719k▲ 457%
2024 · €129k
2021: €64k
2022: €63k
2023: €63k
2024: €129k
2021 → 2025
Net result
€97k▲ 788%
2024 · €11k
2021: €2k
2022: €-2k
2023: €-150
2024: €11k
2021 → 2025
Working capital
€-279k
2024 · €85k
2021: €63k
2022: €62k
2023: €61k
2024: €85k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€63k-€62k▼ 2.5%€61k▼ 0.2%€72k▲ 17.9%€170k▲ 134%
Operating result€2k-€-1k€-57▲ 96.1%€15k€133k▲ 807%
Net result€2k-€-2k€-150▲ 90.5%€11k€97k▲ 788%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 807% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €719k
Fixed assets
€478k▲ 37,629%
Current assets
€240k▲ 88.1%
Equity and liabilities €719k
Equity
€170k▲ 134%
Debt
€549k▲ 868%
The debt ratio rises from 43.9% to 76.4%: debt grows faster than equity.
Key figures and ratios
EBITDA
€151k▲
2024 · €15k
Cash flow
€115k▲
2024 · €11k
Solvency
23.6%▼
2024 · 56.1%
Current ratio
0.46▼
2024 · 2.98
Quick ratio
0.35▼
2024 · 2.43
Debt / equity
3.24▲
2024 · 0.78
ROE
57.3%▲
2024 · 15.1%
ROA
13.5%▲
2024 · 8.5%
Interest coverage
258.60▲
2024 · 56.53
Debt
€549k▲
2024 · €57k
Debt ≤ 1 year
€519k▲
2024 · €43k
Income taxes
€35k▲
2024 · €3k
Staff costs
€59k▲
2024 · €12k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€129k€719k▲
Fixed assets21/28€1k€478k▲
Tangible fixed assets22/27€1k€478k▲
Plant, machinery and equipment23€1k€27k▲
Other tangible fixed assets26-€451k
Current assets29/58€128k€240k▲
Stocks and contracts in progress3€24k€57k▲
Stocks30/36€24k€57k▲
Amounts receivable within one year40/41€65k€10k▼
Other amounts receivable41€65k€10k▼
Cash at bank and in hand54/58€37k€169k▲
Deferred charges and accrued income490/1€2k€4k▲
Equity and liabilities
Total equity and liabilities10/49€129k€719k▲
Equity10/15€72k€170k▲
Contributions10/11€62k€62k=
Profit (loss) carried forward14€11k€108k▲
Amounts payable17/49€57k€549k▲
Amounts payable within one year42/48€43k€519k▲
Trade debts44€18k€475k▲
Suppliers440/4€18k€475k▲
Taxes, remuneration and social security45€7k€43k▲
Taxes450/3€3k€35k▲
Remuneration and social security454/9€4k€8k▲
Other amounts payable47/48€18k€2k▼
Accrued charges and deferred income492/3€14k€30k▲
Income statement
Code20242025
Remuneration, social security and pensions62€12k€59k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€153€18k▲
Other operating charges640/8-€19k
Gross operating margin9900€27k€229k▲
Operating profit (loss)9901€15k€133k▲
Financial income75/76B€0€0▼
Recurring financial income75€0€0▼
Financial charges65/66B€263€585▲
Recurring financial charges65€263€585▲
Profit (loss) for the period before taxes9903€14k€133k▲
Income taxes67/77€3k€35k▲
Profit (loss) for the period9904€11k€97k▲
Profit (loss) for the period to be appropriated9905€11k€97k▲
Appropriation of the result
Profit (loss) to be appropriated9906€11k€108k▲
Profit (loss) brought forward from the previous period14P€-88€11k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
04-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2021net €97k ▲788%
Operating result €133k, net result €97k, both a record.
31-12
Financial
Equity above €150kEq €170k ▲134%
2 profitable years in a row build equity to €170k.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Back to profitnet €11k
Net result €11k after 2 loss-making years.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
30-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 152 days late
2022
31-12
Financial
Weakest financial yearnet €-2k ▼196%
Net result drops to €-2k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Blégny · 2 establishment units since 2020
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rue de l'Institut 804670 BlégnyGround area
1,809 m²
Building footprint
350 m²
Volume, LiDAR
1,919 m³
2 parcels, Wallonia · tallest building 10.4 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
COTRADE
since 20202.303.653.097
Rue Elisa Dumonceau 9, 4040 Herstal
since 20242.364.619.181
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62103B0134/00W000 | Wallonia | 1,427 m² | 1 · 250 m² | 10.4 m · 3 fl. |
| 62051D1218/00C005 | Wallonia | 382 m² | 1 · 100 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 733 companies in sector 46820 we hold annual accounts for 387. 213 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded19-06-2020
Fiscal year end31-12
Activities, NACEBEL
46820Wholesale trade
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.