Equity
Equity rose in 2025 from €143,263 to €331,970.
Equity rose in 2025 from €143,263 to €331,970.
Debts rose by €89,661 in 2025.
Higher net result than 92% of companies in legal and accounting. Sector median €37,394 · 15,826 companies.
The dashed line is the sector median: < 0.1% across 20,103 companies (NACE 69, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 (NACE 69, micro). It does better than 67% of them on solvency, 79% on liquidity, 82% on profitability and 92% on growth.
The bankruptcy probability was computed on 07-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
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).
In July 2024, 3,127 companies had the same profile as WOUTER COPPENS has now. Each dot stands for 8 companies, two years later.
That fits the bankruptcy probability of WOUTER COPPENS itself: < 0.1% within 12 months.
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 3,127 companies, not a prediction for WOUTER COPPENS. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Liquidity is ample, with a current ratio of 3.35 (3.77 in 2024), above the usual 1.5. Short-term debt is 29.9% and cash 65.1% of total assets. 29.9% of the assets are financed with debt and provisions.
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.
The company filed its last 3 accounts on average 69 days before the deadline. In the sector (NACE 69), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| WOUTER COPPENS Waregem | €473,360 | €252,916 | 70.1% | - |
| Bianca Chang Beveren-Kruibeke-Zwijndrecht | €546,080 | €234,890 | 87.0% | - |
| Jo Van Baelen Aarschot | €469,292 | €212,671 | 81.9% | - |
| E. De Groote Sint-Gillis-Waas | €452,924 | €223,651 | 84.2% | - |
| Mélanie Adorante Juprelle | €360,255 | €203,866 | 70.1% | - |
| VDF Audit Vilvoorde | €384,491 | €223,139 | 57.9% | - |
| SOFIAN MILAD Wetteren | €655,418 | €276,158 | 95.4% | - |
These companies have the same main activity as WOUTER COPPENS: activities of company auditors (NACE 69203). They are comparable in size and age: total assets between €360,000 and €655,000, founded between 2022 and 2023.
WOUTER COPPENS files the micro format. That format states no turnover. The gross margin rose from €36,538 in 2023 to €252,916 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €440,000. Estimated: probably between €370,000 and €530,000.
Higher than 65% of 15,824 companies in 2025.
Higher than 65% of 15,596 companies in 2025.
Higher than 77% of 15,713 companies in 2025.
Net result: top quarter · Equity: top quarter · Balance sheet total: middle half · Working capital: top quarter
| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Balance sheet: assets | ||||
20/58 |
473,360 | 194,992 | 50,967 | |
29/58 |
473,360 | 194,992 | 50,967 | |
40/41 |
162,132 | 39,156 | 9,013 | |
40 |
117,132 | 39,156 | 9,013 | |
41 |
45,000 | - | - | |
54/58 |
307,939 | 152,994 | 40,622 | |
490/1 |
3,289 | 2,842 | 1,332 | |
| Balance sheet: equity and liabilities | ||||
10/49 |
473,360 | 194,992 | 50,967 | |
10/15 |
331,970 | 143,263 | 30,877 | |
10/11 |
5,000 | 5,000 | 5,000 | |
13 |
326,970 | 138,263 | 25,877 | |
133 |
326,970 | 138,263 | 25,877 | |
17/49 |
141,390 | 51,729 | 20,090 | |
42/48 |
141,390 | 51,729 | 20,090 | |
44 |
966 | 2,916 | 1,321 | |
440/4 |
966 | 2,916 | 1,321 | |
45 |
140,383 | 48,801 | 15,168 | |
450/3 |
140,383 | 48,801 | 15,168 | |
47/48 |
40 | 12 | 3,601 | |
| Income statement | ||||
9900 |
252,916 | 150,644 | 36,538 | |
640/8 |
1,262 | 571 | 705 | |
9901 |
251,655 | 150,073 | 35,833 | |
75/76B |
1,790 | 0 | 0 | |
75 |
1,790 | 0 | 0 | |
65/66B |
4,456 | 5,050 | 2,456 | |
65 |
4,456 | 5,050 | 2,456 | |
9903 |
248,989 | 145,023 | 33,377 | |
67/77 |
60,282 | 32,637 | 7,500 | |
9904 |
188,707 | 112,386 | 25,877 | |
9905 |
188,707 | 112,386 | 25,877 | |
| Appropriation of the result | ||||
9906 |
188,707 | 112,386 | 25,877 | |
691/2 |
188,707 | 112,386 | 25,877 | |
6921 |
188,707 | 112,386 | 25,877 | |
| Document | ||||
The notes to these accounts have 2 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 04-02-2026.
| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| 154,945 | 112,372 | - | ||
| 331,970 | 143,263 | 30,877 | ||
| 70.1% | 73.5% | 60.6% | ||
| 3.35 | 3.77 | 2.54 | ||
| 0.43 | 0.36 | 0.65 | ||
| 56.8% | 78.4% | 83.8% | ||
| 39.9% | 57.6% | 50.8% |
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.
The operating result for 2025 is 68% higher than in 2024 and the highest since 2023. It is the second rise in a row.
Debt's share of the balance-sheet total rises from 26.5% to 29.9%. Equity and debt are higher.
WOUTER COPPENS has no parent and no holdings in its annual accounts. COPPENS Wouter is the only director.
| Euroports Finco 2 via Wouter Coppens, no longer at Euroports Finco 2 · Director · deed of 21-08-2015 founded in 1974 · negative equity (2025) · group Euroports Group |
total assets €682.1m (2025) |
| DHL FREIGHT (BELGIUM) via Wouter Coppens, no longer at DHL FREIGHT (BELGIUM) · Managing director · deed of 30-07-2024 founded in 1938 |
197 FTE (2025) |
| Coöperatie van Binnenvaart Ondernemers via Wouter Coppens, no longer at Coöperatie van Binnenvaart Ondernemers · Director · deed of 16-12-2015 founded in 1994 |
total assets €2.5m (2025) |
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
On 30 June 2023, WOUTER COPPENS was incorporated as a private limited company by one natural person, with a starting capital of €5,000.12 COPPENS Wouter has served as director since 2023.3 Total assets went from €50,967 in 2023 to €473,360 in 2025.4
| Establishment | Since | Unit number |
|---|---|---|
| August Vermeylenstraat 5 registered office 8793 Waregem | 30-06-2023 | 2.347.464.237 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 34035A0130/00V000 | 786 m² | 1 · 89 m² | 9.1 m · 2 |
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