COTRADE
ActiveSummary
COTRADE has been active since 2020 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €169,680 and a net result of €97,305. Equity is growing by about 13% per year across the filed financial years. Its solvency ranks better than 45% of 17,107 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Overview
- Staff
- ≈ 0.9 FTE, estimated
- Equity
- €169,680
- Profit
- €97,305
Why 92raises riskFounded in 2020Sector: Wholesale trade (NACE 46)lowers riskSize: total assets €718,771Figures for financial year 2025 (filed 04-06-2026)Show the evidence
Checked score
About 2 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 (NACE 46, micro): better than 35% on solvency, 38% on liquidity, 80% on profitability and 95% on growth.
The bankruptcy probability was computed on 31-10-2026 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 5 accounts on average 37 days after the deadline; the sector median (NACE 68) for financial year 2024 is 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Highest result from 2021 to 2025net €97,305 ▲788%
- Equity above €150,000equity €169,680 ▲134%
Financials · financial year 2025, micro format
2021 to 2025, 5 financial years
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 9.1 times 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.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 68, Real estate activities: 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).
Peer companies
Historical observationOf the 2,684 companies that looked in July 2024 the way this one looks now, 1.3% went bankrupt within 24 months and 97.3% are still going.
- Small
- 5 to 10 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
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 2,684 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €12,399 | €58,554 | ▲ 372% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | €153 | €17,888 | ▲ 117× |
| Other operating charges640/8 | - | - | - | - | €19,475 | - |
| Gross operating margin9900 | €2,321 | -€1,455 | -€57 | €27,243 | €229,228 | ▲ 741% |
| Operating profit (loss)9901 | €2,321 | -€1,455 | -€57 | €14,691 | €133,310 | ▲ 807% |
| Financial income75/76B | - | €0 | €47 | €0 | €0 | ▼ 95.0% |
| Recurring financial income75 | - | €0 | €47 | €0 | €0 | ▼ 95.0% |
| Financial charges65/66B | €83 | €126 | €141 | €263 | €585 | ▲ 123% |
| Recurring financial charges65 | €83 | €126 | €141 | €263 | €585 | ▲ 123% |
| Profit (loss) for the period before taxes9903 | €2,239 | -€1,581 | -€150 | €14,429 | €132,726 | ▲ 820% |
| Income taxes67/77 | €595 | - | - | €3,466 | €35,421 | ▲ 922% |
| Profit (loss) for the period9904 | €1,644 | -€1,581 | -€150 | €10,963 | €97,305 | ▲ 788% |
| Profit (loss) for the period to be appropriated9905 | €1,644 | -€1,581 | -€150 | €10,963 | €97,305 | ▲ 788% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €63,752 | €63,228 | €63,078 | €129,100 | €718,771 | ▲ 457% |
| Fixed assets21/28 | - | - | - | €1,268 | €478,276 | ▲ 377× |
| Tangible fixed assets22/27 | - | - | - | €1,268 | €478,276 | ▲ 377× |
| Plant, machinery and equipment23 | - | - | - | €1,268 | €27,495 | ▲ 22× |
| Other tangible fixed assets26 | - | - | - | - | €450,781 | - |
| Current assets29/58 | €63,752 | €63,228 | €63,078 | €127,832 | €240,495 | ▲ 88.1% |
| Stocks and contracts in progress3 | - | - | - | €23,617 | €57,048 | ▲ 142% |
| Stocks30/36 | - | - | - | €23,617 | €57,048 | ▲ 142% |
| Amounts receivable within one year40/41 | €63,752 | €62,375 | €62,365 | €65,275 | €10,000 | ▼ 84.7% |
| Trade receivables40 | €371 | - | €44 | - | - | - |
| Other amounts receivable41 | €63,381 | €62,375 | €62,321 | €65,275 | €10,000 | ▼ 84.7% |
| Cash at bank and in hand54/58 | - | €853 | €712 | €37,315 | €169,304 | ▲ 354% |
| Deferred charges and accrued income490/1 | - | - | - | €1,625 | €4,144 | ▲ 155% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €63,752 | €63,228 | €63,078 | €129,100 | €718,771 | ▲ 457% |
| Equity10/15 | €63,144 | €61,563 | €61,412 | €72,375 | €169,680 | ▲ 134% |
| Contributions10/11 | €61,500 | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Profit (loss) carried forward14 | €1,644 | €63 | -€88 | €10,875 | €108,180 | ▲ 895% |
| Amounts payable17/49 | €609 | €1,665 | €1,665 | €56,725 | €549,091 | ▲ 868% |
| Amounts payable within one year42/48 | €609 | €1,665 | €1,665 | €42,905 | €519,412 | ▲ 12× |
| Financial debts43 | €14 | - | - | - | - | - |
| Credit institutions430/8 | €14 | - | - | - | - | - |
| Trade debts44 | - | - | - | €17,685 | €474,510 | ▲ 27× |
| Suppliers440/4 | - | - | - | €17,685 | €474,510 | ▲ 27× |
| Taxes, remuneration and social security45 | €595 | - | - | €6,977 | €43,078 | ▲ 517% |
| Taxes450/3 | €595 | - | - | €3,466 | €35,421 | ▲ 922% |
| Remuneration and social security454/9 | - | - | - | €3,511 | €7,656 | ▲ 118% |
| Other amounts payable47/48 | - | €1,665 | €1,665 | €18,243 | €1,824 | ▼ 90.0% |
| Accrued charges and deferred income492/3 | - | - | - | €13,820 | €29,679 | ▲ 115% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,644 | -€1,581 | -€150 | €10,963 | €97,305 | ▲ 788% |
| + Depreciation and write-downs630 | - | - | - | €153 | €17,888 | ▲ 117× |
| Operating cash flow (approximation) | €1,644 | -€1,581 | -€150 | €11,116 | €115,193 | ▲ 936% |
| Investment in fixed assets (approximation) | - | - | - | - | -€494,897 | - |
| Change in cash | - | - | -€141 | €36,603 | €131,988 | ▲ 261% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (5)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 04-06-2026 | 2026-00137602 |
| 31-12-2024 | micro format | 29-08-2025 | 2025-00442347 |
| 31-12-2023 | micro format | 29-08-2024 | 2024-00400805 |
| 31-12-2022 | micro format | 30-12-2023 | 2024-00542378 |
| 31-12-2021 | micro format | 31-08-2022 | 2022-20394662 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Owners and capital
Capital and shareholders
- ÖZTURK Cengiz all shares
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
Group and network
Connections & network
No directors read yet: 1 of 2 Gazette acts processed.
History
Acts, filings and financial milestones
16-04
Gazette deed
PurposeShareholding · Purpose change · Power of attorney10 facts ▸
- General meeting, 03-04-2025
- Other provision, 19-06-2020
- Other provision, “bureau de l'assemblée”, 10:30 (deed in French)
- Shareholding, 100, “registre des actions nominatives” (deed in French)
- Other provision, “développer et favoriser l’activité de soins dentaires, Modification de l’objet de la société” (deed in French)
- Other provision, “présence et convocation, tous les associés présents ou représentés” (deed in French)
- Other provision, “délibérer et statuer sur les sujets de l’ordre du jour, validité de l’assemblée” (deed in French)
- Purpose change
- Power of attorney
- Other provision, “clôture”, 11:00 (deed in French)
About the unread acts
Of the 2 Belgian Official Gazette deeds we know for this company, 1 has been read. The other one has not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 31 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
2 establishment units
2 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 62103B0134/00W000 | Wallonia | 1,427 m² | 1 · 250 m² | 10.4 m · 3 |
| 62051D1218/00C005 | Wallonia | 382 m² | 1 · 100 m² | - |
How the parcels are linked
Articles of association
- PurposeThe activities the company may carry out under its articles.
- “La vente et l’export vers la zone de l’Union Européenne et en dehors; Commerce de gros de métaux; Récupération de métaux ferreux et non…” (deed in French)
13 activities (deed in French)
- La vente et l’export vers la zone de l’Union Européenne et en dehors;
- Commerce de gros de métaux;
- Récupération de métaux ferreux et non ferreux;
- Intermédiaire de commerce;
- Le démantèlement d’épaves;
- La consultance dans la vente et l’achat de matières premières,mais également la consultance de manière générale.
- Toutes activités immobilières,la promotion immobilière,l'administration d'immeubles,la restauration d'immeuble,la location de biens immobiliers.
- Toutes opérations se rapportant directement ou indirectement à la fabrication,la réparation,l’entretien de prothèses dentaires;
- Toutes activités se rapportant directement ou indirectement à l’organisation,au fonctionnement et à la gestion technique ou scientifique d’un laboratoire dentaire ou d’un cabinet dentaire,ainsi que tous actes immobiliers au sens le plus large visant à la mise à disposition de locaux adaptés à l’activité médicale ou paramédicale et des moyens nécessaires au sens le plus large,à la réalisation de ces activités en ce compris la fourniture de matériel médical et de dentisterie en vue d’aménager des cabinets médicaux et de dentisterie;
- La société pourra procéder au négoce des produits liés aux soins dentaires au sens le plus large;
- L’achat,la vente et la fabrication d’instruments et de fournitures à usage médical et dentaire;
- Le commerce de gros et de détail de matériel médico-chirurgical et de fournitures dentaires;
- L’exploitation d’un centre médical et paramédical,d’un dispensaire de soins et/ou d’un cabinet dentaire;
- Other provisionsOther rules from the articles that fall under none of the themes above.
- 1 more provision in the deed, see the deed of 16-04-2025
Read from the deeds: 2 provisions, deed of 16-04-2025