IMMO - COTRUSTCO
ActiveSummary
IMMO - COTRUSTCO has been active since 1997 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €106,746 and a net result of -€1,522. Equity has been stable since 2018 (±1.3% per year). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 30-12-1997 Normal situation
- Registered office
- 120 active companies are registered at this address 3 started in the 12 months before. Source: KBO register, as of 1 November 2026.
- Activity
- No activity registered in the KBO
- Establishment unit
- 2.085.362.517 1050 Brussel, since 06-02-1998
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Board and ownership
Board
- Stap Invest NVDirector · permanent representative Hansen Pieter
Shareholders
- PIERRE REAL INVEST100%· score 532025 annual accounts of PIERRE REAL INVEST
- Holdings
- Shares in 1 company Cotrustco
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.1%
Annual accounts 2025
- Gross margin
- -€906
- ▼ 1.0%
- Loss
- €1,522
- ▼ 1.6%
- Equity
- €106,746
- ▼ 1.4%
- Total assets
- €124,160
- ▲ 0.3%
Turnover not published (abbreviated or micro format)
Filed on 30-06-2026, 31 days before the deadline
Score breakdownlowers riskSize: total assets €124,160Founded in 1997No main activity registeredEquity €106,746 (86.0% of total assets)Show the evidence
Checked score
Score 2025
93
/ 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 44% of micro companies without a NACE code
Financial strength · tick: 2024
Strong
Solvency
100=
equity 86.0% of total assets
Liquidity
48-1
short-term debt 13.7% · cash 0.4%
Profitability
34=
return on assets -1.2%
Bankruptcy probability within 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%
01-2025: 0.2%● unchanged vs 12-2024
02-2025: 0.2%● unchanged vs 01-2025
03-2025: 0.2%● unchanged vs 02-2025
04-2025: 0.2%● unchanged vs 03-2025
05-2025: 0.2%● unchanged vs 04-2025
06-2025: 0.3%▲ +0.1 percentage points vs 05-2025
07-2025: 0.3%● unchanged vs 06-2025
08-2025: 0.3%● unchanged vs 07-2025
09-2025: 0.3%● unchanged vs 08-2025
10-2025: 0.3%● unchanged vs 09-2025
11-2025: 0.3%● unchanged vs 10-2025
12-2025: 0.3%● unchanged vs 11-2025
01-2026: 0.3%● unchanged vs 12-2025highest value
02-2026: 0.3%● unchanged vs 01-2026
03-2026: 0.3%● unchanged vs 02-2026
04-2026: 0.3%● unchanged vs 03-2026
05-2026: 0.3%● unchanged vs 04-2026
06-2026: 0.2%▼ -0.1 percentage points vs 05-2026
07-2026: 0.1%▼ -0.1 percentage points vs 06-2026
08-2026: 0.1%● unchanged vs 07-2026
09-2026: 0.1%● unchanged vs 08-2026lowest value
10-2026: 0.1%● unchanged vs 09-2026lowest value
11-2026: 0.1%● unchanged vs 10-2026lowest value
Credit of up to €9,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.03 (0.01 in 2024), below 1. Short-term debt is 13.7% and cash 0.4% of total assets. 14% of the assets are financed with debt and provisions.
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 (no NACE code, micro). It does better than 81% of them on solvency, 31% on liquidity, 24% on profitability and 40% 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).
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskneutral
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 30-06-2026, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
31 days early
2024
37 days early
2023
36 days early
2022
34 days early
2021
3 days early
2020
22 days early
2019
74 days late
← before the deadline
after the deadline →
tick = median of all Belgian filings
The company filed its last 7 accounts on average 13 days before the deadline. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 27 June (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
02-11-2026 today31-12-2026 year end31-07-2027 deadline
Financials
Financials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 30-06-2026 at the NBB all 26 filings
Equity
€106,746▼ 1.4%
2024 · €108,268
Total assets
€124,160▲ 0.3%
2024 · €123,814
Net result
-€1,522▲ 1.6%
2024 · -€1,546
Working capital
-€16,497▼ 10.6%
2024 · -€14,913
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result for 2025 is a loss of €906, larger than the loss of €897 in 2024.
Operating result-€906
2025
Net result-€1,522
2025
Total assets€124,160
2025
Equity€106,746
2025
Debt€17,414
2025
Working capital-€16,497
2025
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.
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result-€7,195--€5,969▲ 17.0%-€1,128▲ 81.1%-€888▲ 21.3%-€767▲ 13.6%-€1,130▼ 47.4%-€897▲ 20.7%-€906▼ 1.0%
Net result-€7,303--€6,048▲ 17.2%-€440▲ 92.7%-€1,239▼ 182%-€1,204▲ 2.8%-€1,752▼ 45.5%-€1,546▲ 11.8%-€1,522▲ 1.6%
Equity€120,496-€114,448▼ 5.0%€114,008▼ 0.4%€112,770▼ 1.1%€111,566▼ 1.1%€109,814▼ 1.6%€108,268▼ 1.4%€106,746▼ 1.4%
Total assets€127,120-€124,080▼ 2.4%€125,518▲ 1.2%€124,292▼ 1.0%€123,722▼ 0.5%€124,674▲ 0.8%€123,814▼ 0.7%€124,160▲ 0.3%
Debt€6,624-€9,632▲ 45.4%€11,510▲ 19.5%€11,522▲ 0.1%€12,156▲ 5.5%€14,860▲ 22.2%€15,547▲ 4.6%€17,414▲ 12.0%
Working capital-€3,183--€9,231▼ 190%-€9,519▼ 3.1%-€10,740▼ 12.8%-€11,827▼ 10.1%-€13,395▼ 13.3%-€14,913▼ 11.3%-€16,497▼ 10.6%
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €124,160
Fixed assets
€123,680 =
Current assets
€480 ▲ 256%
Equity and liabilities €124,160
Equity
€106,746 ▼ 1.4%
Debt
€17,414 ▲ 12.0%
Debt's share of the balance-sheet total rises from 12.6% to 14.0%. Equity is lower and debt is higher.
Key figures and ratios
Current ratio
0.03▲
2024 · 0.01
Debt to equity
0.16▲
2024 · 0.14
ROE
-1.4%▲
2024 · -1.4%
ROA
-1.2%▲
2024 · -1.2%
Debt ≤ 1 year
€16,978▲
2024 · €15,048
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0 | - | - | - | - | - | - | - | - |
| Gross operating margin9900 | -€6,847 | -€5,621 | -€1,128 | -€888 | -€767 | -€1,130 | -€897 | -€906 | ▼ 1.0% |
| Operating profit (loss)9901 | -€7,195 | -€5,969 | -€1,128 | -€888 | -€767 | -€1,130 | -€897 | -€906 | ▼ 1.0% |
| Recurring financial income75 | €0 | - | €1,000 | - | - | - | - | - | - |
| Financial charges65/66B | - | - | - | €351 | €437 | €622 | €649 | €616 | ▼ 5.1% |
| Recurring financial charges65 | €108 | €79 | €312 | €351 | €437 | €622 | €649 | €616 | ▼ 5.1% |
| Profit (loss) for the period before taxes9903 | -€7,303 | -€6,048 | -€440 | -€1,239 | -€1,204 | -€1,752 | -€1,546 | -€1,522 | ▲ 1.6% |
| Income taxes67/77 | €0 | - | - | - | - | - | - | - | - |
| Profit (loss) for the period9904 | -€7,303 | -€6,048 | -€440 | -€1,239 | -€1,204 | -€1,752 | -€1,546 | -€1,522 | ▲ 1.6% |
| Profit (loss) for the period to be appropriated9905 | -€7,303 | -€6,048 | -€440 | -€1,239 | -€1,204 | -€1,752 | -€1,546 | -€1,522 | ▲ 1.6% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €127,120 | €124,080 | €125,518 | €124,292 | €123,722 | €124,674 | €123,814 | €124,160 | ▲ 0.3% |
| Formation expenses20 | €0 | - | - | - | - | - | - | - | - |
| Fixed assets21/28 | €123,680 | €123,680 | €123,680 | €123,680 | €123,680 | €123,680 | €123,680 | €123,680 | = |
| Intangible fixed assets21 | €0 | - | - | - | - | - | - | - | - |
| Tangible fixed assets22/27 | €0 | - | - | - | - | - | - | - | - |
| Financial fixed assets28 | €123,680 | €123,680 | €123,680 | €123,680 | €123,680 | €123,680 | €123,680 | €123,680 | = |
| Current assets29/58 | €3,440 | €401 | €1,839 | €612 | €43 | €994 | €135 | €480 | ▲ 256% |
| Stocks and contracts in progress3 | €0 | - | - | - | - | - | - | - | - |
| Amounts receivable within one year40/41 | €0 | - | - | - | - | - | - | - | - |
| Current investments50/53 | €0 | - | - | - | - | - | - | - | - |
| Cash at bank and in hand54/58 | €3,440 | €401 | €1,839 | €612 | €43 | €994 | €135 | €480 | ▲ 256% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €127,120 | €124,080 | €125,518 | €124,292 | €123,722 | €124,674 | €123,814 | €124,160 | ▲ 0.3% |
| Equity10/15 | €120,496 | €114,448 | €114,008 | €112,770 | €111,566 | €109,814 | €108,268 | €106,746 | ▼ 1.4% |
| Contributions10/11 | €148,736 | €148,736 | €148,736 | €148,736 | €148,736 | €148,736 | €148,736 | €148,736 | = |
| Capital10 | - | - | - | €148,736 | €148,736 | €148,736 | €148,736 | €148,736 | = |
| Issued capital100 | - | - | - | €148,736 | €148,736 | €148,736 | €148,736 | €148,736 | = |
| Reserves13 | €14,874 | €14,874 | €14,874 | €14,874 | €14,874 | €14,874 | €14,874 | €14,874 | = |
| Non-distributable reserves130/1 | - | - | - | €14,874 | €14,874 | €14,874 | €14,874 | €14,874 | = |
| Legal reserve130 | - | - | - | €14,874 | €14,874 | €14,874 | €14,874 | €14,874 | = |
| Profit (loss) carried forward14 | -€43,114 | -€49,161 | -€49,601 | -€50,840 | -€52,044 | -€53,796 | -€55,342 | -€56,863 | ▼ 2.7% |
| Provisions and deferred taxes16 | €0 | - | - | - | - | - | - | - | - |
| Amounts payable17/49 | €6,624 | €9,632 | €11,510 | €11,522 | €12,156 | €14,860 | €15,547 | €17,414 | ▲ 12.0% |
| Amounts payable after more than one year17 | €0 | - | - | - | - | - | - | - | - |
| Amounts payable within one year42/48 | €6,624 | €9,632 | €11,357 | €11,352 | €11,869 | €14,389 | €15,048 | €16,978 | ▲ 12.8% |
| Trade debts44 | €1,424 | €3,432 | €157 | - | - | €232 | €121 | - | - |
| Suppliers440/4 | - | - | - | - | - | €232 | €121 | - | - |
| Other amounts payable47/48 | - | - | - | €11,352 | €11,869 | €14,156 | €14,927 | €16,978 | ▲ 13.7% |
| Accrued charges and deferred income492/3 | - | - | - | €169 | €287 | €471 | €499 | €436 | ▼ 12.6% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€7,303 | -€6,048 | -€440 | -€1,239 | -€1,204 | -€1,752 | -€1,546 | -€1,522 | ▲ 1.6% |
| + Depreciation and write-downs630 | €0 | - | - | - | - | - | - | - | - |
| Operating cash flow (approximation) | -€7,303 | -€6,048 | -€440 | -€1,239 | -€1,204 | -€1,752 | -€1,546 | -€1,522 | ▲ 1.6% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€3,039 | €1,438 | -€1,226 | -€570 | €951 | -€859 | €345 | - |
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 26 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 30-06-2026 | 2026-00238860 | NBB |
| 31-12-2024 | micro format | 24-06-2025 | 2025-00190848 | |
| 31-12-2023 | micro format | 25-06-2024 | 2024-00173679 | |
| 31-12-2022 | micro format | 27-06-2023 | 2023-00177609 | |
| 31-12-2021 | micro format | 28-07-2022 | 2022-20259558 | |
| 31-12-2020 | micro format | 09-07-2021 | 2021-33800282 | |
| 31-12-2019 | micro format | 13-10-2020 | 2020-61100479 | |
| 31-12-2018 | micro format | 18-06-2019 | 2019-19600207 | |
| 31-12-2017 | micro format | 10-07-2018 | 2018-31300057 | |
| 31-12-2016 | micro format | 10-08-2017 | 2017-42900325 |
Board & ownership
Directors
Directors
1 director
Board 1
Stap Invest NV
Current
Director · in office according to the act of 17-07-2025 · Legal entity · permanent representative: Hansen Pieter · listed in the 2025 annual accounts, filed on 30-06-2026
Permanent representatives 1
Hansen Pieter
Current
Permanent representative · in office according to the act of 17-07-2025 · for Stap Invest NV
Owners and capital
Shareholders
1 ownerChain of control
- PIERRE REAL INVEST
- IMMO - COTRUSTCO
Owners 1
- PIERRE REAL INVESTparentEquity €122,431 Loss of €450,239 in 2025 (loss of €300,394 in 2024) Checked score 53100%
Network & group
Holdings and subsidiaries
1 holdingHoldings 1
- CotrustcosubsidiarySourceown accounts 2025Equity €767,146 Loss of €98,296 in 2025 (loss of €92,648 in 2024) Checked score 8099.92%
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Connections & network
1 current directorThe network starts from the directors of IMMO - COTRUSTCO. Every other company they run is a node.
This company
Company
Director
Shareholding
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Timeline
Acts, filings and financial milestones
Deadline for the 2026 accounts:
2026
30-06
abbreviated format · 31 days before the deadline
2025
17-07
Gazette deed
Reappointment: Stap Invest NV (director)3 points ▸
Gazette deed
Reappointment: Stap Invest NV (director)
3 points ▸
- General meeting, 27-05-2025
- Director reappointment, Stap Invest NV (director)
- Board meeting, “gedelegeerd bestuurder, bestuursorgaan” (deed in Dutch)
24-06
micro format · 37 days before the deadline
2024
25-06
micro format · 36 days before the deadline
2023
27-06
micro format · 34 days before the deadline
2022
28-07
micro format · 3 days before the deadline
2021
09-07
micro format · 22 days before the deadline
2020
13-10
micro format · 74 days late
2019
18-06
micro format · 43 days before the deadline
2018
10-07
micro format · 21 days before the deadline
2017
10-08
micro format · 10 days late
1998
08-01
Gazette deed
Incorporation
Gazette deedNBB filing
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordName
IMMO - COTRUSTCO in Dutch
Enterprise number
0462.293.684
Legal form
Public limited company
Status
Active, normale toestand
Founded
30-12-1997
Entity type
Legal entity
Registered office and establishments
Registered office
Louizalaan 326, 1050 Elsene, Belgium
Establishment unit
Louizalaan 326, 1050 Brussel since 06-02-1998 · unit number 2.085.362.51764210 Activities of holding companies
Invoicing and payment
VAT number
BE 0462.293.684
Financial year and general meeting
Accounts at the NBBFinancial year end
31-12
Sites & property
Location
Buildings and parcels at the address
Ground area
2,671 m²
Building footprint
2,036 m²
Building volume
67,868 m³
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21807G0178/00E003 | Brussels | 2,671 m² | 1 · 2,036 m² | 103.3 m · 6 |