COTRASE
Annual accounts 2026
abbreviated format, filed on 19-10-2026, 12 days before the deadlineThe turnover shown is an estimate from the gross margin.
Turnover ≈ €170,000. Estimated: probably between €140,000 and €210,000.
Balance sheet
balance sheet total €47,957 on 31-03-2026in euro
in euro
Position in the sector
-294.6%
Lower than 95% of 3,549 companies in 2025.
0.25
Higher than 8% of 3,454 companies in 2025.
20.3%
Lower than 95% of 3,491 companies in 2025.
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2010 | 2009 | 2008 | 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||||||||
20/58 |
47,957 | 66,247 | 138,088 | 132,528 | 183,755 | 186,620 | 189,649 | 101,216 | 139,131 | 92,506 | 54,510 | 96,256 | 57,484 | 104,924 | 183,550 | 153,033 | 119,652 | |
21/28 |
860 | 860 | 860 | 1,065 | 1,366 | 1,668 | 1,969 | 1,362 | 1,663 | 497 | 134 | 400 | 1,241 | 42,681 | 58,220 | 889 | 1,759 | |
21 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 40,804 | 54,405 | - | - | |
22/27 |
- | - | - | 205 | 506 | 808 | 1,109 | 502 | 803 | - | - | 266 | 1,107 | 1,743 | 3,681 | 755 | 1,625 | |
23 |
- | - | - | 205 | 506 | 808 | 1,109 | 502 | 803 | - | - | 266 | 1,107 | - | - | - | - | |
24 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 1,743 | 3,681 | 755 | 1,625 | |
28 |
860 | 860 | 860 | 860 | 860 | 860 | 860 | 860 | 860 | 497 | 134 | 134 | 134 | 134 | 134 | 134 | 134 | |
29/58 |
47,097 | 65,387 | 137,228 | 131,463 | 182,388 | 184,953 | 187,680 | 99,854 | 137,468 | 92,009 | 54,376 | 95,857 | 56,243 | 62,243 | 125,330 | 152,144 | 117,893 | |
3 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 48,373 | 49,248 | |
30/36 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 48,373 | 49,248 | |
40/41 |
46,788 | 65,259 | 137,225 | 131,463 | 182,368 | 184,892 | 187,380 | 99,854 | 137,466 | 88,380 | 54,376 | 83,745 | 56,243 | 61,264 | 124,672 | 103,011 | 67,711 | |
40 |
42,000 | - | 60,000 | 60,000 | 70,072 | 67,019 | 79,179 | 27,165 | 19,179 | 54,051 | 21,376 | 20,492 | 24,324 | 44,037 | 106,366 | 84,705 | 49,104 | |
41 |
4,788 | 65,259 | 77,225 | 71,463 | 112,296 | 117,874 | 108,201 | 72,689 | 118,287 | 34,329 | 33,000 | 63,253 | 31,918 | 17,227 | 18,306 | 18,306 | 18,607 | |
54/58 |
309 | 128 | 3 | - | 20 | 60 | 300 | - | 2 | 2,129 | - | 1,809 | - | - | - | - | - | |
490/1 |
- | - | - | - | - | - | - | - | - | 1,500 | - | 10,303 | - | 979 | 658 | 761 | 934 | |
| Balance sheet: equity and liabilities | ||||||||||||||||||
10/49 |
47,957 | 66,247 | 138,088 | 132,528 | 183,755 | 186,620 | 189,649 | 101,216 | 139,131 | 92,506 | 54,510 | 96,256 | 57,484 | 104,924 | 183,550 | 153,033 | 119,652 | |
10/15 |
-141,294 | -151,023 | -56,801 | -47,460 | -41,660 | -36,053 | -38,286 | -62,481 | -32,845 | -57,587 | -59,395 | -32,697 | -36,055 | -65,756 | -66,919 | -68,129 | -76,042 | |
10/11 |
51,100 | 51,100 | 51,100 | 51,100 | 51,100 | 51,100 | 51,100 | 51,100 | 51,100 | 51,100 | 51,100 | 51,100 | 51,100 | 51,100 | 51,100 | 51,100 | 51,100 | |
10 |
51,100 | 51,100 | 51,100 | 51,100 | 51,100 | - | - | - | - | - | - | - | - | - | - | - | - | |
100 |
51,100 | 51,100 | 51,100 | 51,100 | 51,100 | 51,100 | 51,100 | 51,100 | 51,100 | 51,100 | 51,100 | 51,100 | 51,100 | 51,100 | 51,100 | 51,100 | 51,100 | |
13 |
1,699 | 1,699 | 1,699 | 1,699 | 1,699 | 1,699 | 1,699 | 1,699 | 1,699 | 1,699 | 1,699 | 1,699 | 1,699 | 214 | 214 | 214 | 214 | |
130/1 |
1,699 | 1,699 | 1,699 | 1,699 | 1,699 | 1,699 | - | - | - | - | - | - | - | - | - | - | - | |
130 |
1,699 | 1,699 | 1,699 | 1,699 | 1,699 | 1,699 | 1,699 | 1,699 | 1,699 | 1,699 | 1,699 | 1,699 | 1,699 | 214 | 214 | 214 | 214 | |
14 |
-194,093 | -203,822 | -109,600 | -100,259 | -94,459 | -88,852 | -91,085 | -115,280 | -85,644 | -110,386 | -112,194 | -85,496 | -88,854 | -117,070 | -118,233 | -119,443 | -127,356 | |
17/49 |
189,251 | 217,270 | 194,889 | 179,988 | 225,415 | 222,674 | 227,935 | 163,697 | 171,976 | 150,094 | 113,904 | 128,953 | 93,539 | 170,680 | 250,469 | 221,162 | 195,694 | |
17 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 82,426 | 122,845 | 122,845 | 122,845 | |
178/9 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 82,426 | 122,845 | 122,845 | 122,845 | |
42/48 |
189,251 | 217,270 | 194,889 | 179,988 | 225,415 | 222,674 | 227,935 | 163,697 | 171,976 | 150,094 | 113,904 | 128,953 | 93,539 | 86,933 | 126,294 | 97,128 | 71,648 | |
43 |
44,079 | 49,524 | 50,615 | 25,082 | 49,226 | 49,545 | 48,119 | 47,409 | 49,147 | 50,023 | 50,882 | 44,669 | 44,669 | 48,211 | 46,984 | 48,636 | 38,252 | |
430/8 |
44,079 | 49,524 | 50,615 | 25,082 | 49,226 | 49,545 | 48,119 | 47,409 | 49,147 | 50,023 | 50,882 | 44,669 | 44,669 | 48,211 | 46,984 | 48,636 | 38,252 | |
44 |
2,420 | 11,496 | 4,505 | 2,916 | 21,600 | 25,817 | 20,728 | 16,527 | 27,600 | 11,186 | 24,558 | 80,658 | 47,181 | 17,031 | 65,366 | 39,998 | 20,245 | |
440/4 |
2,420 | 11,496 | 4,505 | 2,916 | 21,600 | 25,817 | 20,728 | 16,527 | 27,600 | 11,186 | 24,558 | 80,658 | 47,181 | 17,031 | 65,366 | 39,998 | 20,245 | |
46 |
- | - | - | - | - | - | - | - | - | 2,533 | 2,533 | 2,533 | - | - | - | - | - | |
45 |
20,483 | 29,908 | 33,864 | 9,778 | 4,522 | - | 21,348 | 28,155 | 14,554 | 10,212 | 1,093 | 1,093 | 1,690 | 21,692 | 13,944 | 8,494 | 13,151 | |
450/3 |
8,375 | 18,252 | 22,007 | 1,357 | 1,711 | - | 3,157 | 2,855 | 2,785 | 1,537 | 1,093 | 1,093 | 1,690 | 21,692 | 13,944 | 8,494 | 10,901 | |
454/9 |
12,108 | 11,656 | 11,857 | 8,421 | 2,811 | - | 18,192 | 25,299 | 11,769 | 8,675 | - | - | - | - | - | - | 2,250 | |
47/48 |
122,269 | 126,342 | 105,905 | 142,212 | 150,067 | 147,312 | 137,740 | 71,606 | 80,675 | 76,140 | 34,838 | - | - | - | - | - | - | |
492/3 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 1,320 | 1,330 | 1,189 | 1,201 | |
| Income statement | ||||||||||||||||||
76A |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 104 | |
9900 |
71,471 | -24,073 | 64,187 | 72,230 | 43,980 | 19,632 | 81,301 | 41,026 | 88,553 | 49,722 | -12,758 | 11,241 | 23,717 | 25,286 | 24,413 | 13,835 | 25,715 | |
62 |
56,034 | 65,242 | 64,671 | 73,936 | 25,946 | 11,070 | 50,048 | 66,166 | 53,876 | 29,505 | 1,428 | 421 | - | - | - | - | - | |
630 |
- | - | 205 | 301 | 301 | 301 | 301 | 301 | 402 | - | 266 | 841 | 14,443 | 15,539 | 15,905 | 561 | 865 | |
640/8 |
- | 618 | 2,957 | 348 | 450 | - | 348 | 348 | 769 | 703 | 437 | 784 | - | 2,073 | 990 | 2,030 | 13,388 | |
66A |
- | - | - | - | - | - | - | - | - | 13,504 | 6,585 | - | - | - | - | - | - | |
9901 |
15,438 | -89,934 | -3,646 | -2,354 | 17,282 | 8,261 | 30,604 | -25,788 | 33,506 | 6,010 | -14,888 | 9,194 | 9,274 | 7,673 | 7,518 | 11,245 | 11,462 | |
75/76B |
- | - | 696 | 533 | - | - | - | 572 | - | 801 | 1,893 | 1,001 | - | - | 2 | 2,308 | 250 | |
75 |
- | - | 696 | 533 | - | - | - | 572 | - | 801 | 1,893 | 1,001 | - | - | 2 | 2,308 | 250 | |
65/66B |
5,709 | 4,289 | 6,391 | 3,748 | 8,873 | 6,383 | 6,410 | 4,350 | 5,979 | 4,489 | 7,117 | 5,519 | 5,689 | 6,510 | 6,310 | 5,639 | 6,141 | |
65 |
5,709 | 4,289 | 6,391 | 3,748 | 8,873 | 6,383 | 6,410 | 4,350 | 5,979 | 4,489 | 7,117 | 5,519 | 5,689 | 6,510 | 6,310 | 5,639 | 6,141 | |
9903 |
9,729 | -94,223 | -9,341 | -5,569 | 8,409 | 1,878 | 24,195 | -29,566 | 27,528 | 2,321 | -26,698 | 4,677 | 3,585 | 1,163 | 1,209 | 7,913 | 5,675 | |
67/77 |
- | - | - | 230 | 14,016 | -355 | - | 70 | 2,785 | 514 | - | 1,318 | 1,000 | - | - | - | - | |
9904 |
9,729 | -94,223 | -9,341 | -5,800 | -5,607 | 2,233 | 24,195 | -29,636 | 24,742 | 1,807 | -26,698 | 3,359 | 2,585 | 1,163 | 1,209 | 7,913 | 5,675 | |
9905 |
9,729 | -94,223 | -9,341 | -5,800 | -5,607 | 2,233 | 24,195 | -29,636 | 24,742 | 1,807 | -26,698 | 3,359 | 2,585 | 1,163 | 1,209 | 7,913 | 5,675 | |
| Appropriation of the result | ||||||||||||||||||
9906 |
-194,093 | -203,822 | -109,600 | -100,259 | -94,459 | -88,852 | -91,085 | -115,280 | -85,644 | -110,386 | -112,194 | -85,496 | -88,725 | -117,070 | -118,233 | -119,443 | -127,356 | |
14P |
-203,822 | -109,600 | -100,259 | -94,459 | -88,852 | - | - | - | - | - | - | - | - | - | - | - | - | |
691/2 |
- | - | - | - | - | - | - | - | - | - | - | - | 129 | - | - | - | - | |
6920 |
- | - | - | - | - | - | - | - | - | - | - | - | 129 | - | - | - | - | |
| Document | ||||||||||||||||||
The accounts for 15 older financial years (1990-2006) were filed as documents without figures as data, scans for example.
The notes to these accounts have 6 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2026 at the NBB, filed on 19-10-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-03-2026 | abbreviated format | 19-10-2026 | 2026-00563007 | |
| 31-03-2025 | full format | 12-08-2025 | 2025-00377278 | |
| 31-03-2024 | full format | 29-08-2024 | 2024-00416264 | |
| 31-03-2023 | full format | 23-08-2023 | 2023-00344366 | |
| 31-03-2022 | full format | 26-08-2022 | 2022-20354822 | |
| 31-03-2021 | full format | 22-09-2021 | 2021-68000530 | |
| 31-03-2020 | full format | 10-12-2020 | 2020-75500256 | |
| 31-03-2019 | full format | 02-12-2020 | 2020-74400288 | |
| 31-03-2018 | full format | 28-09-2018 | 2018-66700240 | |
| 31-03-2017 | full format | 26-11-2017 | 2017-70700427 | |
| 31-03-2016 | full format | 30-11-2016 | 2016-69300126 | |
| 31-03-2015 | full format | 25-10-2016 | 2016-66500046 | |
| 31-03-2014 | full format | 30-06-2015 | 2015-27200374 | |
| 31-03-2010 | full format | 25-11-2010 | 2010-61400017 | |
| 31-03-2009 | full format | 29-10-2009 | 2009-83600111 | |
| 31-03-2008 | full format | 27-11-2008 | 2008-83100046 | |
| 31-03-2007 | full format | 31-10-2007 | 2007-79300237 | |
| 31-03-2006 | full format | 21-09-2006 | 2006-79101338 | |
| 31-03-2005 | full format | 28-09-2005 | 2005-73804356 | |
| 31-03-2004 | full format | 29-10-2004 | 2004-77301657 | |
| 31-03-2003 | full format | 17-11-2003 | 2003-79601115 | |
| 31-03-2002 | full format | 20-12-2002 | 2002-78502969 | |
| 31-03-2001 | full format | 29-01-2002 | 2002-03100454 | |
| 31-03-1998 | full format | 22-12-1999 | 1999-64202600 | |
| 31-03-1997 | full format | 06-05-1998 | 1998-08501910 | |
| 31-03-1996 | full format | 04-12-1996 | 1996-52503601 | |
| 31-03-1995 | full format | 26-10-1995 | 1995-55202106 | |
| 31-03-1994 | full format | 26-10-1995 | 1995-55202120 | |
| 31-03-1993 | full format | 10-06-1994 | 1994-13603639 | |
| 31-03-1992 | full format | 10-06-1994 | 1994-13603653 | |
| 31-03-1991 | full format | 08-10-1991 | 1991-27600437 | |
| 31-03-1990 | full format | 12-10-1990 | 1990-25902056 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2010 | 2009 | 2008 | 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| - | - | -3,441 | -2,053 | 17,583 | 8,562 | 30,906 | -25,487 | 33,908 | - | -14,623 | 10,036 | 23,717 | 23,212 | 23,423 | 11,805 | 12,327 | ||
| - | - | -9,136 | -5,498 | -5,305 | 2,534 | 24,496 | -29,335 | 25,144 | - | -26,432 | 4,200 | 17,028 | 16,702 | 17,114 | 8,474 | 6,540 | ||
| - | - | 0 | 0 | 0 | 0 | 908 | 0 | 1,568 | - | 0 | 0 | 1,930 | 0 | 73,236 | -310 | 1,099 | ||
| 181 | 125 | - | - | -40 | -240 | - | - | -2,128 | - | - | - | - | - | - | - | - | ||
| -142,154 | -151,883 | -57,661 | -48,525 | -43,026 | -37,721 | -40,255 | -63,843 | -34,508 | -58,084 | -59,529 | -33,096 | -37,296 | -24,690 | -964 | 55,016 | 46,245 | ||
| -294.6% | -228.0% | -41.1% | -35.8% | -22.7% | -19.3% | -20.2% | -61.7% | -23.6% | -62.3% | -109.0% | -34.0% | -62.7% | -62.7% | -36.5% | -44.5% | -63.6% | ||
| 0.25 | 0.30 | 0.70 | 0.73 | 0.81 | 0.83 | 0.82 | 0.61 | 0.80 | 0.61 | 0.48 | 0.74 | 0.60 | 0.72 | 0.99 | 1.57 | 1.65 | ||
| 0.25 | 0.30 | 0.70 | 0.73 | 0.81 | 0.83 | 0.82 | 0.61 | 0.80 | 0.61 | 0.48 | 0.74 | 0.60 | 0.72 | 0.99 | 1.07 | 0.96 | ||
| 20.3% | -142.2% | -6.8% | -4.4% | -3.1% | 1.2% | 12.8% | -29.3% | 17.8% | 2.0% | -49.0% | 3.5% | 4.5% | 1.1% | 0.7% | 5.2% | 4.7% | ||
| - | - | -0.54 | -0.55 | 1.98 | - | - | - | - | - | - | - | - | - | - | - | - |
EBIT margin: not included in this filing.
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Insights on COTRASE
The operating result for 2026 is a profit of €15,438, after a loss of €89,934 in 2025. It is the highest result since 2022.
Equity is negative. Debt (€189,251) exceeds the balance-sheet total (€47,957).