Active BE 1002.487.674Private limited company

COBRATA MANAGEMENT

Avenue Capouillet 33 ·1410 Waterloo, Belgium· 2 yrs active

Sector: Business and other management consultancy (70200)

Conclusion Checked

COBRATA MANAGEMENT has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €322k and a net result of €105k. Equity is growing by ~46.4% per year across the filed fiscal years. Its solvency ranks better than 63% of 8442 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).

Based on the State Gazette, CBE and 3 annual accounts.

Key figures

Equity	€322k
Net result	€105k
Better than sector	63%
Active	2 yrs

Financial profile 5 of 5 axes measured · computed by Checked

87 / 100

Exceptional profile, strong across almost every axis.

All 5 axes are computed from data Checked has read.

Health 100

Profitability 100

Solvency 100

Growth 52

Stability 82

Bankruptcy probability (12 mo) Checked model v1 · free

0.4% Very low

0%0,5%1,5%4%10%≥25%

How do we compute this?

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 2 signals

Young company

Founded in 2023, under 3 years, statistically higher risk.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Checked score FY 2025 · computed

100 / 100 Excellent

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Indicative credit limit

€30k

estimate, not credit advice

Score history

85 2023

93 2024

100 2025

purely financial, excl. current insolvency signals

Score components

Liquidity Current ratio 3.20 (≥ 1.5) +10

Quick ratio Quick ratio 3.20 (≥ 1.0) +5

Leverage Debt/equity 0.50 (< 1.0) +10

Profitability ROE 33% (≥ 10%) +10

Interest coverage Interest coverage 44.5× (≥ 3×) +8

Profit trend Net profit up YoY +5

Equity growth Equity growing YoY +3

Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.

Financial overview3 NBB filings

Annual accounts filed on 17-08-2026 with the NBB · fiscal year 2025 · abbreviated schema

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

growing Equity: growth of ~46.4%/year over 3 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2025 · NACE 70, Activities of head offices; management consultancy activities · compared within the same schema type (abbreviated schema)

Metric	This company	Sector median	Position in the sector
Solvency	66.9%	53.1%	better than 63% of 8442 sector peers
Net result	€105k	€38k	better than 70% of 8444 sector peers
Equity	€322k	€353k	better than 48% of 8451 sector peers
Gross operating margin	€166k	€87k	better than 67% of 8422 sector peers
Total assets	€481k	€919k	better than 35% of 8444 sector peers

EBITDA

€163k

+15.2% 23-25

Net profit

€105k

+10.3% 23-25

Cash flow

€114k

+13.4% 23-25

Total assets

€481k

+35.2% 23-25

Equity

€322k

+48.7% 23-25

Working capital

€311k

+50.7% 23-25

Income taxes

€45k

+17.0% 23-25

Debt

€159k

+14.3% 23-25

Debt ≤ 1y

€141k

+25.4% 23-25

Debt > 1y

€18k

-32.0% 23-25

Current ratio

3.20

+13.1% 23-25

Quick ratio

3.20

+13.1% 23-25

Solvency

66.9%

+10.0% 23-25

Debt / equity

0.50

-23.1% 23-25

ROE

32.8%

-25.8% 23-25

ROA

21.9%

-18.4% 23-25

Interest coverage

44.48

-30.0% 23-25

Figures by fiscal year and ratios

Highlight YoY changes (±10%)

Fiscal year	2025	2024	2023
Deposit	abbreviated schema	full schema	full schema
Revenue	-	-	-
EBITDA	€163k	€141k	-
Net profit	€105k	€96k	€117k
Cash flow	€114k	€101k	-
Staff costs	-	-	-
Income taxes	€45k	€39k	€48k
Dividends	-	-	-
Total assets	€481k	€356k	€224k
Equity	€322k	€216k	€121k
Debt	€159k	€139k	€103k
of which ≤ 1y	€141k	€113k	€103k
of which > 1y	€18k	€27k	-
Working capital	€311k	€206k	€121k
Employees (FTE)	-	-	-

Note: these years are not on the same basis. The filed schemas differ (abbreviated schema, full schema), so the columns are not directly comparable.

Ratios (computed)

	2025	2024	2023
Current ratio	3.20	2.83	2.17
Quick ratio	3.20	2.83	2.17
Working capital ratio	64.6%	58.0%	54.0%
Solvency	66.9%	60.8%	54.0%
Debt / equity	0.50	0.64	0.85
Long-term debt ratio	0.06	0.12	-
Interest coverage	44.48	63.56	-
Gross margin	-	-	-
Net margin	-	-	-
ROA	21.9%	26.9%	52.2%
ROE	32.8%	44.2%	96.7%
EBITDA margin	-	-	-
Days sales outstanding	-	-	-
Days payable outstanding	-	-	-
Inventory turnover	-	-	-
Days inventory (DSI)	-	-	-

Balance-sheet composition 2025

Assets

Fixed assets €29k · 6.1% Current assets €452k · 94.0%

Equity & liabilities

Equity €322k · 66.9% Debt €159k · 33.1%

Full annual accounts (22 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2025	2024	2023
Balance sheet, Assets
TOTAL ASSETS	20/58	€481k	€356k	€224k
Fixed assets	21/28	€29k	€37k	-
Tangible fixed assets	22/27	€29k	€37k	-
Current assets	29/58	€452k	€319k	€224k
Amounts receivable within one year	40/41	€319k	€118k	€109k
Cash & bank	54/58	€22k	€151k	€65k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€481k	€356k	€224k
Equity	10/15	€322k	€216k	€121k
Contributions / capital	10/11	€4k	€4k	€4k
Reserves	13	€318k	€212k	€117k
Amounts payable	17/49	€159k	€139k	€103k
Amounts payable after one year	17	€18k	€27k	-
Amounts payable within one year	42/48	€141k	€113k	€103k
Trade debts payable within one year	44	€5k	€3k	€2k
Income statement
Gross operating margin	9900	€166k	€144k	€165k
Operating result	9901	€154k	€136k	€165k
Financial income	75	-	-	€0
Financial charges	65	€4k	€2k	-
Result before taxes	9903	€151k	€134k	€165k
Income taxes	67/77	€45k	€39k	€48k
Net result for the period	9904	€105k	€96k	€117k
Result to be appropriated	9905	€105k	€96k	€117k

Directors & mandates 1 directors

Former directors (1)

Gaetan Liekens
Director
State Gazette act 25002465 (07-01-2025)

Former
- → 16-09-2024

Legal Structure

NACE primary	Business and other management consultancy(70200)
Legal form	Private limited company(610)
Incorporation	21-11-2023
Status	Active
Postal code	1410

Establishment units 1 location

COBRATA MANAGEMENT

Avenue Capouillet 33, 1410 WaterlooOther publishing activities, excluding software publishing

since 20232.352.079.853

Real-estate footprint Source: CBE × cadastre

Wallonia 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
25110C0919/00A000	Wallonia	2,729 m²	1 · 1,288 m²	-

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.

Updates 4 events

All 6Financial 2Gazette 1Filings 3

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

2026

17-08

NBB filing Annual accounts filed

fiscal year 2025 · abbreviated schema · 17 days late

2025

26-08

NBB filing Annual accounts filed

fiscal year 2024 · full schema · 26 days late

07-01

State Gazette act Director changes

2024

31-12

Financial Weakest financial yearnet €96k ▼18.2%

Net result drops to €96k, the lowest in the series; recovery starts the following year.

31-12

Financial Equity above €200kEq €216k ▲79.1%

2 profitable years in a row build equity to €216k.

27-08

NBB filing Annual accounts filed

fiscal year 2023 · full schema · 27 days late

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

Belgian State Gazette reading coverage 0 of 2 acts read

We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Belgisch Staatsblad, acts 1 acts

All acts · 1 updated 1 year ago

2025

07-01-2025 Gaetan Liekens resigns as director Director changes

Gaetan Liekens, Bestuurder

Original publication ↗

Technical details

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        "kbo": "0890.805.834",
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Credit advice verdict per customer and amount

Company registry (CBE) Crossroads Bank

Activities

Business and other management consultancy70200Business consulting70220Other publishing activities, excluding software publishing58190IT consultancy62020Computer consultancy and computer facilities management62200

Names & trade names

Legal nameFR

COBRATA MANAGEMENT

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