COBIA

Active

Public limited companyfounded 201412 yrs activeKanselarijstraat 2, 1000 Brussel, BelgiumKBO/BCE: BE 0553.574.149

COBIA has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €35.32M and a net result of €25.48M. Equity is growing by ~6.6% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 1.0% (low).

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Checked score

Score 2025

93 / 100

Excellent▲ +14 vs 2024

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability100▲+68

Solvency100▲+25

Growth78=

Stability100

Bankruptcy probability, 12 months

1.0% Low

0%0.5%1.5%4%10%≥ 25%

Credit up to €2M at 30 days acceptable

balance sheet total too small for a liquidity verdict, and 0% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Eight signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

No NACE activity registered

No NACE activity is registered in the KBO, which is more common among companies that later fail.

KBO · activities

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

100%

Return on assets

72.1%

Age of the figures

8 mo

Lower-risk legal form

Companies with this legal form statistically fail less often than a BV.

KBO · legal form

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 19-05-2026, 73 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

73 d early

2024

77 d early

2023

85 d early

2022

81 d early

2021

75 d early

2020

72 d early

2019

78 d early

← before the deadline after the deadline →

The next deadline is still running

The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.

Companies Code · seven months

Position in the running window

14-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, full schema

Turnover

Not included in this filing

EBIT margin

Not included in this filing

Net result

€25.48M▲ 3,984%

2024 · €624k

2018: €14k 2019: €7.70M 2020: €-195k 2021: €247k 2022: €332k 2023: €516k 2024: €624k

2018 → 2025

Working capital

€35.32M▲ 1,917%

2024 · €1.75M

2018: €-9.10M 2019: €10.31M 2020: €33k 2021: €280k 2022: €611k 2023: €1.13M 2024: €1.75M

2018 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Equity€8.36M-€8.69M▲ 4.0%€9.21M▲ 5.9%€9.83M▲ 6.8%€35.32M▲ 259%

Operating result€-4k-€-4k▲ 0.3%€-5k▼ 15.2%€-5k▼ 0.2%€-8k▼ 65.4%

Net result€247k-€332k▲ 34.5%€516k▲ 55.4%€624k▲ 21.0%€25.48M▲ 3,984%

Result per fiscal year

Operating resultNet result

The operating result stays negative: a loss of €8k in 2025 against €5k in 2024; the loss grows and 2025 is the lowest year so far.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Equity and liabilities €35.32M

100.0%

Equity €35.32M▲ 259%

Debt €6k▼ 100.0%

The debt ratio falls from 66.5% to 0.0%: equity grows while debt is paid down.

Key figures and ratios

2025 value · change against 2024

Solvency

100.0%▲

2024 · 33.5%

Debt / equity

0.00▼

2024 · 1.98

ROE

72.2%▲

2024 · 6.3%

ROA

72.1%▲

2024 · 2.1%

Debt

€6k▼

2024 · €19.50M

Debt ≤ 1 year

€6k▲

2024 · €4k

Debt > 1 year

€0▼

2024 · €19.28M

A ratio outside any meaningful range has been withheld (balance sheet total €35.32M, equity €35.32M).

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2025 against 2024

Balance sheet Code20242025

Assets

Total assets20/58€29.33M€35.32M▲

Fixed assets21/28€27.58M€0▼

Financial fixed assets28€27.58M€0▼

Current assets29/58€1.75M€35.32M▲

Amounts receivable within one year40/41€1.53M€35.31M▲

Other amounts receivable41€1.53M€35.31M▲

Cash at bank and in hand54/58€224k€9k▼

Equity and liabilities

Total equity and liabilities10/49€29.33M€35.32M▲

Equity10/15€9.83M€35.32M▲

Contributions10/11€3.73M€3.73M=

Capital10€3.73M€3.73M=

Issued capital100€3.73M€3.73M=

Reserves13€373k€373k=

Non-distributable reserves130/1€373k€373k=

Legal reserve130€373k€373k=

Profit (loss) carried forward14€5.73M€31.21M▲

Amounts payable17/49€19.50M€6k▼

Amounts payable after more than one year17€19.28M€0▼

Financial debts170/4€19.28M€0▼

Amounts payable within one year42/48€4k€6k▲

Trade debts44€4k€6k▲

Suppliers440/4€4k€6k▲

Accrued charges and deferred income492/3€222k€0▼

Income statement Code20242025

Goods, raw materials, services and sundry goods60/61€4k-

Other operating charges640/8€968€1k▲

Gross operating margin9900€-4k€-7k▼

Operating profit (loss)9901€-5k€-8k▼

Financial income75/76B€1.01M€25.64M▲

Recurring financial income75€1.01M€1.59M▲

Non-recurring financial income76B-€24.06M

Financial charges65/66B€386k€152k▼

Recurring financial charges65€386k€152k▼

Profit (loss) for the period before taxes9903€624k€25.48M▲

Profit (loss) for the period9904€624k€25.48M▲

Profit (loss) for the period to be appropriated9905€624k€25.48M▲

Appropriation of the result

Profit (loss) to be appropriated9906€5.73M€31.21M▲

Profit (loss) brought forward from the previous period14P€5.11M€5.73M▲

Social balance

Average headcount (FTE)9087-0.0

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Download as CSV

Timeline · acts, filings and financial milestones

All 36Financial 9Gazette 17Filings 10

Next filing, fiscal year 2026, expected by 31-07-2027

2026

19-05

NBB filing Annual accounts filed

fiscal year 2025 · full schema

2025

31-12

Financial Highest result since 2018net €25.48M ▲3984%

Net result €25.48M, the highest in the series.

31-12

Financial Liquidity times 11current ratio 5488.41

Current ratio from 482.56 to 5488.41.

31-12

Financial Equity above €25MEq €35.32M ▲259%

5 profitable years in a row build equity to €35.32M.

03-07

State Gazette act Resignations & appointments

General meeting · Director reappointment · Mandate compensation7 facts ▸

General meeting, 2025-04-25
Director reappointment, Charles de Liedekerke (Administrateur)
Director reappointment, Grégoire de Spoelberch (Administrateur)
Director reappointment, William Wyatt (Administrateur)
Mandate compensation, Charles de Liedekerke
Mandate compensation, Grégoire de Spoelberch
Mandate compensation, William Wyatt

15-05

NBB filing Annual accounts filed

fiscal year 2024 · full schema

2024

18-06

State Gazette act Resignations & appointments

Board meeting · Power of attorney · Mandate compensation10 facts ▸

Board meeting, 2024-03-20
Power of attorney, Diane VERHAEGEN
Power of attorney, Tom MATTHIJS
Power of attorney, Jean-Victor LAURENT
Mandate compensation, Diane VERHAEGEN
General meeting, 2024-04-26
Auditor reappointment, 3 ans, 2026-12-31
Permanent representative, Romain Seffer
Mandate compensation, Tom MATTHIJS
Mandate compensation, Jean-Victor LAURENT

07-05

NBB filing Annual accounts filed

fiscal year 2023 · full schema

2023

28-12

State Gazette act Resignations & appointments

Board meeting · Director resignation · Director appointment3 facts ▸

Board meeting, 2023-12-14
Director resignation, Eric Goudsmit (personne déléguée de rang B)
Director appointment, Tom Matthijs (personne déléguée de rang B)

11-05

NBB filing Annual accounts filed

fiscal year 2022 · full schema

27-04

State Gazette act Resignations & appointments

Board meeting · Power of attorney · Mandate compensation5 facts ▸

Board meeting, 2023-03-22
Power of attorney, Diane VERHAEGEN (Personne déléguée de rang A)
Power of attorney, DÉric GOUDSMIT (Personne déléguée de rang B)
Mandate compensation, Diane VERHAEGEN
Mandate compensation, DÉric GOUDSMIT

2022

31-12

Financial Liquidity doublescurrent ratio 261.47

Current ratio from 123.98 to 261.47.

23-05

State Gazette act Resignations & appointments

General meeting · Director reappointment · Mandate compensation7 facts ▸

General meeting, 2022-04-29
Director reappointment, Charles de Liedekerke (Administrateur)
Director reappointment, Grégoire de Spoelberch (Administrateur)
Director reappointment, William Wyatt (Administrateur)
Mandate compensation, Charles de Liedekerke
Mandate compensation, Grégoire de Spoelberch
Mandate compensation, William Wyatt

17-05

NBB filing Annual accounts filed

fiscal year 2021 · full schema

2021

31-12

Financial Back to profitnet €247k

Net result €247k after one loss-making year.

31-12

Financial Liquidity times 100current ratio 123.98

Current ratio from 1.23 to 123.98; short-term debt falls from €141k to €2k.

07-07

State Gazette act Resignations & appointments

Board meeting · General meeting · Power of attorney15 facts ▸

Board meeting, 2021-03-25
General meeting, 2021-04-30
Power of attorney, Diane VERHAEGEN
Power of attorney, Dominique GODFROID
Power of attorney, Eric GOUDSMIT
Auditor reappointment, Mandat renouvelé pour 3 ans, expirant à l'issue de l'AG de 2024
Permanent representative, Romain Seffer
Director resignation, Philippe de Spoelberch
Director discharge, Philippe de Spoelberch
Board composition, Administrateur, 2021-04-30
Board composition, Administrateur, 2021-04-30
Board composition, Administrateur, 2021-04-30
+3 further facts in this act

20-05

NBB filing Annual accounts filed

fiscal year 2020 · full schema

2020

31-12

Financial Weakest financial yearnet €-195k ▼103%

Net result drops to €-195k, the lowest in the series; recovery starts the following year.

22-09

State Gazette act Resignations & appointments

Board meeting · Power of attorney9 facts ▸

Board meeting, 2020-06-05
Power of attorney, Jean-Marie LAURENT
Power of attorney, Dominique GODFROID
Power of attorney, Déric GOUDSMIT
Power of attorney, Diane VERHAEGEN
Power of attorney, Jean-Marie LAURENT
Power of attorney, Dominique GODFROID
Power of attorney, Déric GOUDSMIT
Power of attorney, Diane VERHAEGEN

16-07

State Gazette act Capital & shares · Statutes amendment

General meeting · Capital decrease · Share cancellation8 facts ▸

General meeting, 2020-06-30
Capital decrease, €2.000.130,83
Share cancellation, actions préférentielles, 2257
Share transfer, COBEHOLD → COBIA
Share split, scission des 10.000 actions ordinaires existantes, actions ordinaires
Capital, €3.730.000
Corporate purpose, l'achat, la vente, la cession, l'échange et la gestion de toutes valeurs mobilières, actions, parts, obligations, fonds d'État, de tous biens et droits mobilier…
Statutes amendment

14-05

NBB filing Annual accounts filed

fiscal year 2019 · full schema

2019

31-12

Financial Liquidity times 188current ratio 4.69

Current ratio from 0.02 to 4.69; short-term debt falls from €9.33M to €2.80M.

31-12

Financial Equity above €10MEq €10.31M ▲90.7%

2 profitable years in a row build equity to €10.31M.

03-07

State Gazette act Resignations & appointments

General meeting · Director resignation · Director discharge14 facts ▸

General meeting, 2019-06-18
Director resignation, Jean-Marie Laurent Josi (Administrateur)
Director discharge, Jean-Marie Laurent Josi
Board composition, Administrateur, 2019-06-18
Board composition, Administrateur, 2019-06-18
Board composition, Administrateur, 2019-06-18
Board composition, Administrateur, 2019-06-18
Mandate compensation, Charles de Liedekerke
Mandate compensation, Grégoire de Spoelberch
Mandate compensation, Philippe de Spoelberch
Mandate compensation, William Wyatt
Board meeting, 2019-06-18
+2 further facts in this act

21-05

NBB filing Annual accounts filed

fiscal year 2018 · full schema

13-05

State Gazette act Resignations & appointments

General meeting · Director reappointment · Mandate compensation12 facts ▸

General meeting, 2019-04-26
Director reappointment, Charles de Liedekerke (Administrateur)
Director reappointment, Philippe de Spoelberch (Administrateur)
Director reappointment, Grégoire de Spoelberch (Administrateur)
Director reappointment, Jean-Marie Laurent Josi (Administrateur)
Director reappointment, William Wyatt (Administrateur)
Mandate compensation, Charles de Liedekerke
Mandate compensation, Philippe de Spoelberch
Mandate compensation, Grégoire de Spoelberch
Mandate compensation, Jean-Marie Laurent Josi
Mandate compensation, William Wyatt
Permanent representative, Romain Seffer

2018

11-06

State Gazette act Capital & shares

General meeting · Capital increase · Capital6 facts ▸

General meeting, 2018-06-05
Capital increase, €2.000.130,83
Capital, €5.730.130,83
Statutes amendment
Share transformation, Transformation des 10.000 actions existantes en 10.000 actions ordinaires
Statute insertion, Insertion d'un article 5bis – Historique du capital dans les statuts

06-06

State Gazette act Resignations & appointments

General meeting · Auditor reappointment2 facts ▸

General meeting, 2018-04-27
Auditor reappointment, 3 ans, Alexis Van Bavel

07-05

NBB filing Annual accounts filed

fiscal year 2017 · full schema

2017

05-05

NBB filing Annual accounts filed

fiscal year 2016 · full schema

2016

27-06

State Gazette act Resignations & appointments

General meeting · Director reappointment · Mandate compensation7 facts ▸

General meeting, 2016-04-29
Director reappointment, Charles de Liedekerke (Administrateur)
Director reappointment, Grégoire de Spoelberch (Administrateur)
Director reappointment, Philippe de Spoelberch (Administrateur)
Director reappointment, Jean-Marie Laurent Josi (Administrateur)
Director reappointment, William Wyatt (Administrateur)
Mandate compensation, COBIA

2014

04-07

State Gazette act Resignations & appointments

General meeting · Director appointment · Mandate compensation3 facts ▸

General meeting, 2014-06-19
Director appointment, Charles de Liedekerke (Administrateur)
Mandate compensation, Charles de Liedekerke

04-07

State Gazette act Resignations & appointments

Board meeting · Power of attorney · Signing requirement9 facts ▸

Board meeting, 2014-05-29
Board meeting, 2014-06-04
Power of attorney, Jean-Marie LAURENT JOSI
Power of attorney, Dominique GODFROID
Power of attorney, Eric GOUDSMIT
Signing requirement, Conjointement deux à deux, sans limitation de montant, avec un signataire de rang B ou un autre Administrateur
Signing requirement, Conjointement deux à deux, montant maximal de 100.000 €
Signing requirement, Conjointement deux à deux, montant maximal de 100.000 €
Power restriction, Constituer des syndicats de blocage ou pactes d'actionnaires, acquérir ou céder des participations, constituer de nouvelles sociétés, faire des apports, transac…

17-06

State Gazette act Resignations & appointments · Miscellaneous

Statutes amendment · Auditor appointment · Permanent representative4 facts ▸

Statutes amendment
Auditor appointment, PricewaterhouseCoopers Reviseurs d'Entreprises (commissaire)
Permanent representative, Alexis van Bavel
Constitutive act date, 2014-06-03

05-06

State Gazette act Incorporation

Incorporation · Corporate purpose · Founding capital20 facts ▸

Incorporation, 2014-06-03
Corporate purpose, La société a pour objet, en Belgique et à l'étranger, l'achat, la vente, la cession, l'échange et la gestion de toutes valeurs mobilières, actions, parts social…
Founding capital, €3.730.000
Share issue, 9999
Share issue, 1
Bank account, ING BELGIQUE
Director appointment, Philippe François Eric Olivier de Spoelberch (administrateur)
Director appointment, Jean-Marie Joseph Adrien Pierre LAURENT JOSI (administrateur)
Director appointment, Grégoire Werner François de Spoelberch (administrateur)
Director appointment, William Penfold Wyatt (administrateur)
Mandate compensation, Philippe François Eric Olivier de Spoelberch
Mandate compensation, Jean-Marie Joseph Adrien Pierre LAURENT JOSI
+8 further facts in this act

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

11 directors, no change since 2025

Tom Matthijs

Personne déléguée de rang b · since 01-01-2024

Current

Grégoire de Spoelberch

Director · since 29-04-2016

Current

William Wyatt

Director · since 29-04-2016

Current

Charles de LIEDEKERKE

Director · since 19-06-2014

Current

de SPOELBERCH Grégoire Werner François

Director · since 03-06-2014

Not recently confirmed

Jean-Marie Joseph Adrien Pierre LAURENT JOSI

Director · since 03-06-2014

Not recently confirmed

+ 2 not shown in this overview

25-04-2025 Grégoire de Spoelberch: Mandate renewed as Director

25-04-2025 William Wyatt: Mandate renewed as Director

25-04-2025 Charles de LIEDEKERKE: Mandate renewed as Director

01-01-2024 Tom Matthijs: Appointed as Personne déléguée de rang b

31-12-2023 Eric Goudsmit: Resigned as Personne déléguée de rang b

29-04-2022 Grégoire de Spoelberch: Mandate renewed as Director

29-04-2022 William Wyatt: Mandate renewed as Director

29-04-2022 Charles de LIEDEKERKE: Mandate renewed as Director

30-04-2021 Philippe de Spoelberch: Resigned as Director

18-06-2019 Laurent Josi Jean-Marie: Resigned as Director

26-04-2019 Grégoire de Spoelberch: Mandate renewed as Director

26-04-2019 William Wyatt: Mandate renewed as Director

26-04-2019 Charles de LIEDEKERKE: Mandate renewed as Director

26-04-2019 Philippe de Spoelberch: Mandate renewed as Director

26-04-2019 Laurent Josi Jean-Marie: Mandate renewed as Director

29-04-2016 Grégoire de Spoelberch: Mandate renewed as Director

29-04-2016 William Wyatt: Mandate renewed as Director

29-04-2016 Charles de LIEDEKERKE: Mandate renewed as Director

29-04-2016 Philippe de Spoelberch: Mandate renewed as Director

29-04-2016 Laurent Josi Jean-Marie: Mandate renewed as Director

19-06-2014 Charles de LIEDEKERKE: Appointed as Director

03-06-2014 de SPOELBERCH Grégoire Werner François: Appointed as Director

03-06-2014 Jean-Marie Joseph Adrien Pierre LAURENT JOSI: Appointed as Director

03-06-2014 Philippe François Eric Olivier de Spoelberch: Appointed as Director

+ 1 not shown in this overview

Location & real-estate footprint

Registered office, Brussel · 1 establishment unit since 2014

establishment The establishment unit on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Kanselarijstraat 21000 Brussel

Ground area

3,406 m²

Building footprint

3,354 m²

Volume, LiDAR

88,937 m³

Parcel 21804D1424/00E002, Brussels · tallest building 35.3 m, ±9 floors. Linked by address, not a title deed.

1 establishment unit

COBIA

Kanselarijstraat 2, 1000 BrusselHoldings

since 20142.231.799.358

1 parcel

Brussels 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
21804D1424/00E002	Brussels	3,406 m²	1 · 3,354 m²	35.3 m · 9 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1

1 of 1 parcel with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Statutory auditor

3 auditors

PwC Réviseurs d'Entreprises SRLCurrent

Auditor · represented by Romain Seffer

26-04-2024 → present

Show 2 earlier auditors

PricewaterhouseCoopers Reviseurs d'Entreprises Commissaire · represented by Alexis van Bavel succeeded by PriceWaterhouseCoopers Réviseurs d'Entreprises SCCRL in 2018	03-06-2014 → 27-04-2018
PriceWaterhouseCoopers Réviseurs d'Entreprises SCCRL Auditor · represented by Alexis Van Bavel succeeded by PwC Réviseurs d'Entreprises SRL in 2024	27-04-2018 → 26-04-2024