Cotrustco
ActiveSummary
Cotrustco has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €767k and a net result of €-98k. Equity is shrinking by ~6.3% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability18▼-1
Solvency86▼-8
Growth32=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40k at 30 days acceptable
Liquidity short (current ratio 0.03 against 0.05 in 2024; short-term debt: 35% and cash: 0.1% of total assets), and 38.7% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
19202122232425
2019 to 2025 · latest year €-98k
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 29-01-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 d early
2024
7 d early
2023
7 d early
2022
7 d early
2021
3 d early
2020
3 d early
2019
17 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close25-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€767k▼ 11.4%
2024 · €865k
2019: €1.19Mhighest in 7 years
2020: €1.16M▼ -2.6% vs 2019
2021: €1.16M▲ +0.4% vs 2020
2022: €1.16M▲ +0.1% vs 2021
2023: €958k▼ -17.5% vs 2022
2024: €865k▼ -9.7% vs 2023
2025: €767k▼ -11.4% vs 2024lowest in 7 years
2019 → 2025
Total assets
€1.25M▼ 0.6%
2024 · €1.26M
2019: €1.38Mhighest in 7 years
2020: €1.35M▼ -2.0% vs 2019
2021: €1.35M▼ -0.6% vs 2020
2022: €1.37M▲ +2.0% vs 2021
2023: €1.25M▼ -8.7% vs 2022
2024: €1.26M▲ +0.4% vs 2023
2025: €1.25M▼ -0.6% vs 2024lowest in 7 years
2019 → 2025
Net result
€-98k▼ 6.1%
2024 · €-93k
2019: €351khighest in 7 years
2020: €-31k▼ -109% vs 2019
2021: €5k▲ +115% vs 2020
2022: €1k▼ -71.4% vs 2021
2023: €-203k▼ -15350% vs 2022lowest in 7 years
2024: €-93k▲ +54.4% vs 2023
2025: €-98k▼ -6.1% vs 2024
2019 → 2025
Working capital
€-426k▼ 26.0%
2024 · €-338k
2019: €-54k
2020: €-50k▲ +5.9% vs 2019
2021: €-48k▲ +4.5% vs 2020highest in 7 years
2022: €-50k▼ -3.7% vs 2021
2023: €-242k▼ -386% vs 2022
2024: €-338k▼ -39.5% vs 2023
2025: €-426k▼ -26.0% vs 2024lowest in 7 years
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.16M-€1.16M▲ 0.1%€958k▼ 17.5%€865k▼ 9.7%€767k▼ 11.4%
2021: €1.16M
2022: €1.16M▲ +0.1% vs 2021highest in 5 years
2023: €958k▼ -17.5% vs 2022
2024: €865k▼ -9.7% vs 2023
2025: €767k▼ -11.4% vs 2024lowest in 5 years
Operating result€7k-€4k▼ 42.5%€-197k€-82k▲ 58.4%€-85k▼ 3.7%
2021: €7khighest in 5 years
2022: €4k▼ -42.5% vs 2021
2023: €-197k▼ -5110% vs 2022lowest in 5 years
2024: €-82k▲ +58.4% vs 2023
2025: €-85k▼ -3.7% vs 2024
Net result€5k-€1k▼ 71.4%€-203k€-93k▲ 54.4%€-98k▼ 6.1%
2021: €5khighest in 5 years
2022: €1k▼ -71.4% vs 2021
2023: €-203k▼ -15350% vs 2022lowest in 5 years
2024: €-93k▲ +54.4% vs 2023
2025: €-98k▼ -6.1% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €85k in 2025 against €82k in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.25M
Fixed assets
€1.24M =
Current assets
€11k ▼ 41.4%
Equity and liabilities €1.25M
Equity
€767k ▼ 11.4%
Debt
€484k ▲ 22.9%
Debt's share of the balance-sheet total rises from 31.3% to 38.7%. Equity is lower and debt is higher.
Key figures and ratios
Current ratio
0.03▼
2024 · 0.05
Debt to equity
0.63▲
2024 · 0.45
ROE
-12.8%▼
2024 · -10.7%
ROA
-7.9%▼
2024 · -7.4%
Debt ≤ 1 year
€438k▲
2024 · €358k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 37 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.26M€1.25M▼
Fixed assets21/28€1.24M€1.24M=
Tangible fixed assets22/27€1.24M€1.24M=
Land and buildings22€1.24M€1.24M=
Current assets29/58€19k€11k▼
Amounts receivable within one year40/41€7k€8k▲
Trade receivables40-€540
Other amounts receivable41€7k€7k▲
Cash at bank and in hand54/58€3k€737▼
Deferred charges and accrued income490/1€10k€3k▼
Equity and liabilities
Total equity and liabilities10/49€1.26M€1.25M▼
Equity10/15€865k€767k▼
Contributions10/11€359k€359k=
Capital10€359k€359k=
Issued capital100€359k€359k=
Reserves13€36k€36k=
Non-distributable reserves130/1€36k€36k=
Legal reserve130€36k€36k=
Profit (loss) carried forward14€470k€372k▼
Amounts payable17/49€393k€484k▲
Amounts payable within one year42/48€358k€438k▲
Trade debts44€19k-
Suppliers440/4€19k-
Other amounts payable47/48€338k€438k▲
Accrued charges and deferred income492/3€36k€46k▲
Income statement
Code20242025
Other operating charges640/8€80k€83k▲
Gross operating margin9900€-2k€-2k▲
Operating profit (loss)9901€-82k€-85k▼
Financial income75/76B€239€238▼
Recurring financial income75€239€238▼
Financial charges65/66B€11k€14k▲
Recurring financial charges65€11k€14k▲
Profit (loss) for the period before taxes9903€-93k€-98k▼
Profit (loss) for the period9904€-93k€-98k▼
Profit (loss) for the period to be appropriated9905€-93k€-98k▼
Appropriation of the result
Profit (loss) to be appropriated9906€470k€372k▼
Profit (loss) brought forward from the previous period14P€563k€470k▼
The notes to these accounts (2 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | €66k | €195k | €80k | €83k | ▲ 4.3% |
| Gross operating margin9900 | €70k | €70k | €-2k | €-2k | €-2k | ▲ 16.8% |
| Operating profit (loss)9901 | €7k | €4k | €-197k | €-82k | €-85k | ▼ 3.7% |
| Financial income75/76B | - | €94 | €159 | €239 | €238 | ▼ 0.3% |
| Recurring financial income75 | €93 | €94 | €159 | €239 | €238 | ▼ 0.3% |
| Financial charges65/66B | - | €3k | €6k | €11k | €14k | ▲ 24.1% |
| Recurring financial charges65 | €2k | €3k | €6k | €11k | €14k | ▲ 24.1% |
| Profit (loss) for the period before taxes9903 | €5k | €1k | €-203k | €-93k | €-98k | ▼ 6.1% |
| Profit (loss) for the period9904 | €5k | €1k | €-203k | €-93k | €-98k | ▼ 6.1% |
| Profit (loss) for the period to be appropriated9905 | €5k | €1k | €-203k | €-93k | €-98k | ▼ 6.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.35M | €1.37M | €1.25M | €1.26M | €1.25M | ▼ 0.6% |
| Fixed assets21/28 | €1.24M | €1.24M | €1.24M | €1.24M | €1.24M | = |
| Tangible fixed assets22/27 | €1.24M | €1.24M | €1.24M | €1.24M | €1.24M | = |
| Land and buildings22 | - | €1.24M | €1.24M | €1.24M | €1.24M | = |
| Current assets29/58 | €107k | €134k | €15k | €19k | €11k | ▼ 41.4% |
| Amounts receivable within one year40/41 | €48k | €120k | €7k | €7k | €8k | ▲ 11.3% |
| Trade receivables40 | - | €114k | - | - | €540 | - |
| Other amounts receivable41 | - | €6k | €7k | €7k | €7k | ▲ 3.5% |
| Cash at bank and in hand54/58 | €59k | €11k | €5k | €3k | €737 | ▼ 70.9% |
| Deferred charges and accrued income490/1 | - | €3k | €3k | €10k | €3k | ▼ 70.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.35M | €1.37M | €1.25M | €1.26M | €1.25M | ▼ 0.6% |
| Equity10/15 | €1.16M | €1.16M | €958k | €865k | €767k | ▼ 11.4% |
| Contributions10/11 | €359k | €359k | €359k | €359k | €359k | = |
| Capital10 | - | €359k | €359k | €359k | €359k | = |
| Issued capital100 | - | €359k | €359k | €359k | €359k | = |
| Reserves13 | €36k | €36k | €36k | €36k | €36k | = |
| Non-distributable reserves130/1 | - | €36k | €36k | €36k | €36k | = |
| Legal reserve130 | - | €36k | €36k | €36k | €36k | = |
| Profit (loss) carried forward14 | €765k | €766k | €563k | €470k | €372k | ▼ 20.9% |
| Amounts payable17/49 | €187k | €212k | €296k | €393k | €484k | ▲ 22.9% |
| Amounts payable within one year42/48 | €156k | €184k | €257k | €358k | €438k | ▲ 22.4% |
| Trade debts44 | €1 | €6k | - | €19k | - | - |
| Suppliers440/4 | - | €6k | - | €19k | - | - |
| Other amounts payable47/48 | - | €178k | €257k | €338k | €438k | ▲ 29.4% |
| Accrued charges and deferred income492/3 | - | €28k | €39k | €36k | €46k | ▲ 28.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5k | €1k | €-203k | €-93k | €-98k | ▼ 6.1% |
| Operating cash flow (approximation) | €5k | €1k | €-203k | €-93k | €-98k | ▼ 6.1% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €-49k | €-6k | €-2k | €-2k | ▲ 20.2% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
29-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
24-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
24-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
Financial
Weakest financial yearnet €-203k
Net result drops to €-203k, the lowest in the series; recovery starts the following year.
24-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
28-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
Financial
Back to profitnet €5k
Net result €5k after one loss-making year.
28-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
14-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
08-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
11-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
05-01
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
7 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, Elsene · 1 establishment unit since 1990
Ground area
2,671 m²
Building footprint
2,036 m²
Volume, LiDAR
67,868 m³
Parcel 21807G0178/00E003, Brussels · tallest building 103.3 m, ±6 floors. Linked by address, not a title deed.
123
companies at this address
See who is registered here
1 establishment unit
COTRUSTCO SA
since 19902.049.526.658
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21807G0178/00E003 | Brussels | 2,671 m² | 1 · 2,036 m² | 103.3 m · 6 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Identification & contact
Identification
Legal formPublic limited company
Founded27-06-1990
Fiscal year end30-06
Scores and ratios are computed by Checked and are not a credit decision.