COBOS
ActiveSummary
COBOS has been active since 1983 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €972k and a net result of €718k. Equity is growing by ~7.2% per year across the filed fiscal years. Its solvency ranks better than 77% of 4556 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency100▲+23
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €85k at 30 days acceptable
Liquidity ample (current ratio 4.02 against 95.74 in 2024; short-term debt: 24.9% and cash: 0.1% of total assets), and 24.9% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
75.1%
Return on assets
55.5%
Age of the figures
9 mo
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 d early
2024
34 d early
2023
48 d late
2022
on the day
2021
2 d early
2020
2 d early
2019
3 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 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€718k▲ 314%
2024 · €174k
2018: €25k
2019: €36k▲ +42.2% vs 2018
2020: €44k▲ +22.7% vs 2019
2021: €32k▼ -28.3% vs 2020
2022: €24k▼ -25.2% vs 2021
2023: €-464k▼ -2050% vs 2022lowest in 8 years
2024: €174k▲ +137% vs 2023
2025: €718k▲ +314% vs 2024highest in 8 years
2018 → 2025
Working capital
€972k▲ 311%
2024 · €236k
2018: €83k
2019: €142k▲ +71.9% vs 2018
2020: €212k▲ +49.7% vs 2019
2021: €262k▲ +23.6% vs 2020
2022: €313k▲ +19.2% vs 2021
2023: €-132k▼ -142% vs 2022lowest in 8 years
2024: €236k▲ +279% vs 2023
2025: €972k▲ +311% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€520k-€544k▲ 4.6%€80k▼ 85.3%€254k▲ 217%€972k▲ 283%
2021: €520k
2022: €544k▲ +4.6% vs 2021
2023: €80k▼ -85.3% vs 2022lowest in 5 years
2024: €254k▲ +217% vs 2023
2025: €972k▲ +283% vs 2024highest in 5 years
Operating result€12k-€-852€-473k▼ 55,377%€174k€954k▲ 449%
2021: €12k
2022: €-852▼ -107% vs 2021
2023: €-473k▼ -55377% vs 2022lowest in 5 years
2024: €174k▲ +137% vs 2023
2025: €954k▲ +449% vs 2024highest in 5 years
Net result€32k-€24k▼ 25.2%€-464k€174k€718k▲ 314%
2021: €32k
2022: €24k▼ -25.2% vs 2021
2023: €-464k▼ -2050% vs 2022lowest in 5 years
2024: €174k▲ +137% vs 2023
2025: €718k▲ +314% vs 2024highest in 5 years
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 449% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €1.29M
Equity
€972k ▲ 283%
Debt
€322k ▲ 37.4%
Debt's share of the balance-sheet total falls from 48.0% to 24.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€954k▲
2024 · €201k
Cash flow
€718k▲
2024 · €201k
Current ratio
4.02▼
2024 · 95.74
Quick ratio
2.86▼
2024 · 17.98
Debt to equity
0.33▼
2024 · 0.92
ROE
73.9%▲
2024 · 68.4%
ROA
55.5%▲
2024 · 35.6%
Interest coverage
1934.59▲
2024 · 796.54
Debt ≤ 1 year
€322k▲
2024 · €2k
Debt > 1 year
€0▼
2024 · €211k
Income taxes
€256k▲
2024 · €2
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 · 64 lines
Balance sheet
Code20242025
Assets
Total assets20/58€488k€1.29M▲
Fixed assets21/28€249k€0▼
Tangible fixed assets22/27€249k€0▼
Land and buildings22€221k€0▼
Furniture and vehicles24€18k€0▼
Leasing and similar rights25€10k€0▼
Current assets29/58€239k€1.29M▲
Stocks and contracts in progress3€194k€371k▲
Stocks30/36€194k€371k▲
Property held for sale35€194k€371k▲
Amounts receivable within one year40/41€20k€882k▲
Trade receivables40€20k€58k▲
Other amounts receivable41-€824k
Cash at bank and in hand54/58€24k€937▼
Deferred charges and accrued income490/1-€39k
Equity and liabilities
Total equity and liabilities10/49€488k€1.29M▲
Equity10/15€254k€972k▲
Contributions10/11€570k€570k=
Capital10€570k€570k=
Issued capital100€570k€570k=
Reserves13€12k€32k▲
Non-distributable reserves130/1€12k€32k▲
Legal reserve130€12k€32k▲
Reserves not available under the articles1311€55€55=
Profit (loss) carried forward14€-329k€370k▲
Amounts payable17/49€234k€322k▲
Amounts payable after more than one year17€211k€0▼
Financial debts170/4€211k€0▼
Other loans174€211k€0▼
Amounts payable within one year42/48€2k€322k▲
Trade debts44€2k€61k▲
Suppliers440/4€2k€61k▲
Taxes, remuneration and social security45€372€261k▲
Taxes450/3€372€261k▲
Other amounts payable47/48€0-
Accrued charges and deferred income492/3€21k€0▼
Income statement
Code20242025
Operating income70/76A€252k€1.15M▲
Change in stocks of work in progress, finished goods and contracts in progress71€173k€39k▼
Other operating income74€79k€1.11M▲
Non-recurring operating income76A€0-
Operating charges60/66A€78k€197k▲
Goods for resale, raw materials and consumables60€35k€39k▲
Purchases600/8€35k€39k▲
Services and other goods61€9k€78k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€27k€0▼
Other operating charges640/8€8k€8k▲
Non-recurring operating charges66A-€72k
Operating profit (loss)9901€174k€954k▲
Financial income75/76B€8€21k▲
Recurring financial income75€8€21k▲
Income from current assets751€7€21k▲
Other financial income752/9€1€12▲
Financial charges65/66B€252€493▲
Recurring financial charges65€252€493▲
Other financial charges652/9€252€493▲
Profit (loss) for the period before taxes9903€174k€974k▲
Income taxes67/77€2€256k▲
Taxes670/3€2€256k▲
Profit (loss) for the period9904€174k€718k▲
Profit (loss) for the period to be appropriated9905€174k€718k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-329k€389k▲
Profit (loss) brought forward from the previous period14P€-502k€-329k▲
Transfer to equity691/2-€19k
To the legal reserve6920-€19k
The notes to these accounts (39 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 |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | €38k | €252k | €1.15M | ▲ 357% |
| Change in stocks of work in progress, finished goods and contracts in progress71 | - | - | - | €173k | €39k | ▼ 77.7% |
| Other operating income74 | - | - | €35k | €79k | €1.11M | ▲ 1,304% |
| Non-recurring operating income76A | - | - | €3k | €0 | - | - |
| Operating charges60/66A | - | - | €511k | €78k | €197k | ▲ 153% |
| Goods for resale, raw materials and consumables60 | - | - | €114k | €35k | €39k | ▲ 11.1% |
| Purchases600/8 | - | - | €114k | €35k | €39k | ▲ 11.1% |
| Services and other goods61 | - | - | €38k | €9k | €78k | ▲ 805% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €27k | €27k | €16k | €27k | €0 | ▼ 100% |
| Other operating charges640/8 | €10k | €11k | €343k | €8k | €8k | ▲ 11.2% |
| Non-recurring operating charges66A | - | - | - | - | €72k | - |
| Gross operating margin9900 | €50k | €36k | - | - | - | - |
| Operating profit (loss)9901 | €12k | €-852 | €-473k | €174k | €954k | ▲ 449% |
| Financial income75/76B | €19k | €25k | €9k | €8 | €21k | ▲ 257,276% |
| Recurring financial income75 | €19k | €25k | €9k | €8 | €21k | ▲ 257,276% |
| Income from current assets751 | - | - | €9k | €7 | €21k | ▲ 293,296% |
| Other financial income752/9 | - | - | €240 | €1 | €12 | ▲ 1,130% |
| Financial charges65/66B | €48 | €45 | €39 | €252 | €493 | ▲ 95.6% |
| Recurring financial charges65 | €48 | €45 | €39 | €252 | €493 | ▲ 95.6% |
| Other financial charges652/9 | - | - | €39 | €252 | €493 | ▲ 95.6% |
| Profit (loss) for the period before taxes9903 | €32k | €24k | €-464k | €174k | €974k | ▲ 461% |
| Income taxes67/77 | - | - | - | €2 | €256k | ▲ 12,141,418% |
| Taxes670/3 | - | - | - | €2 | €256k | ▲ 12,141,418% |
| Profit (loss) for the period9904 | €32k | €24k | €-464k | €174k | €718k | ▲ 314% |
| Profit (loss) for the period to be appropriated9905 | €32k | €24k | €-464k | €174k | €718k | ▲ 314% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €668k | €681k | €232k | €488k | €1.29M | ▲ 165% |
| Fixed assets21/28 | €257k | €231k | €212k | €249k | €0 | ▼ 100% |
| Tangible fixed assets22/27 | €257k | €231k | €212k | €249k | €0 | ▼ 100% |
| Land and buildings22 | €238k | €220k | €202k | €221k | €0 | ▼ 100% |
| Plant, machinery and equipment23 | €1k | €554 | €0 | - | - | - |
| Furniture and vehicles24 | - | - | - | €18k | €0 | ▼ 100% |
| Leasing and similar rights25 | €19k | €10k | €10k | €10k | €0 | ▼ 100% |
| Current assets29/58 | €411k | €451k | €20k | €239k | €1.29M | ▲ 442% |
| Stocks and contracts in progress3 | - | - | €0 | €194k | €371k | ▲ 91.6% |
| Stocks30/36 | - | - | - | €194k | €371k | ▲ 91.6% |
| Property held for sale35 | - | - | - | €194k | €371k | ▲ 91.6% |
| Amounts receivable within one year40/41 | €345k | €408k | €15k | €20k | €882k | ▲ 4,211% |
| Trade receivables40 | - | - | €15k | €20k | €58k | ▲ 183% |
| Other amounts receivable41 | €345k | €408k | €0 | - | €824k | - |
| Cash at bank and in hand54/58 | €64k | €42k | €4k | €24k | €937 | ▼ 96.2% |
| Deferred charges and accrued income490/1 | €2k | €2k | €0 | - | €39k | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €668k | €681k | €232k | €488k | €1.29M | ▲ 165% |
| Equity10/15 | €520k | €544k | €80k | €254k | €972k | ▲ 283% |
| Contributions10/11 | €570k | €570k | €570k | €570k | €570k | = |
| Capital10 | €570k | €570k | €570k | €570k | €570k | = |
| Issued capital100 | €570k | €570k | €570k | €570k | €570k | = |
| Reserves13 | €12k | €12k | €12k | €12k | €32k | ▲ 159% |
| Non-distributable reserves130/1 | €12k | €12k | €12k | €12k | €32k | ▲ 159% |
| Legal reserve130 | €12k | €12k | €12k | €12k | €32k | ▲ 160% |
| Reserves not available under the articles1311 | €55 | €55 | €55 | €55 | €55 | = |
| Profit (loss) carried forward14 | €-63k | €-39k | €-502k | €-329k | €370k | ▲ 212% |
| Amounts payable17/49 | €148k | €138k | €152k | €234k | €322k | ▲ 37.4% |
| Amounts payable after more than one year17 | - | - | - | €211k | €0 | ▼ 100% |
| Financial debts170/4 | - | - | - | €211k | €0 | ▼ 100% |
| Other loans174 | - | - | - | €211k | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €148k | €138k | €152k | €2k | €322k | ▲ 12,818% |
| Trade debts44 | €16k | €5k | €149k | €2k | €61k | ▲ 2,775% |
| Suppliers440/4 | €16k | €5k | €149k | €2k | €61k | ▲ 2,775% |
| Advances received on contracts in progress46 | €21k | €21k | €0 | - | - | - |
| Taxes, remuneration and social security45 | - | - | - | €372 | €261k | ▲ 70,047% |
| Taxes450/3 | - | - | - | €372 | €261k | ▲ 70,047% |
| Other amounts payable47/48 | €111k | €112k | €3k | €0 | - | - |
| Accrued charges and deferred income492/3 | - | - | - | €21k | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €32k | €24k | €-464k | €174k | €718k | ▲ 314% |
| + Depreciation and write-downs630 | €27k | €27k | €16k | €27k | €0 | ▼ 100% |
| Operating cash flow (approximation) | €59k | €50k | €-448k | €201k | €718k | ▲ 258% |
| Investment in fixed assets (approximation) | - | €0 | €3k | €-64k | €249k | ▲ 489% |
| Change in cash | - | €-22k | €-37k | €20k | €-23k | ▼ 218% |
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
30-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Highest result since 2018net €718k ▲314%
Operating result €954k, net result €718k, both a record.
31-12
Financial
Equity above €500kEq €972k ▲283%
2 profitable years in a row build equity to €972k.
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Back to profitnet €174k
Net result €174k after one loss-making year.
31-12
Financial
Liquidity times 744current ratio 95.74
Current ratio from 0.13 to 95.74; short-term debt falls from €152k to €2k.
31-12
Financial
Equity above €200kEq €254k ▲217%
Equity rises from €80k to €254k.
17-09
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 48 days late
2023
31-12
Financial
Weakest financial yearnet €-464k
Net result drops to €-464k, the lowest in the series; recovery starts the following year.
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €500kEq €520k ▲6.5%
4 profitable years in a row build equity to €520k.
Show earlier events
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
28-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
22-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
24-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Waregem · 1 establishment unit since 1984
Ground area
1.1 ha
Building footprint
581 m²
Volume, LiDAR
520 m³
Parcel 34452B1150/00A000, Flanders · tallest building 5.1 m. Linked by address, not a title deed.
141
companies at this address
See who is registered here
1 establishment unit
Vredestraat 53, 8790 Waregem
since 19842.023.959.042
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34452B1150/00A000 | Flanders | 1.1 ha | 1 · 581 m² | 5.1 m |
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.
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Of 9,693 companies in sector 68121 we hold annual accounts for 7,385. 3,961 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded23-12-1983
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
68110Buying and selling of own real estate
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
Scores and ratios are computed by Checked and are not a credit decision.