COFITEC
ActiveSummary
COFITEC has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-227k) and a net result of €-69k. Equity is shrinking by ~72.4% per year across the filed fiscal years. Its solvency ranks better than 5% of 960 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
24
/ 100
Critical
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0=
Solvency0=
Growth32=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.07 against 0.24 in 2024; short-term debt: 917.8% and cash: 0.1% of total assets), and equity is negative.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-819.4%
Return on assets
-247.2%
Age of the figures
15 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 52
Relative position
BE, all sectors
reference
Sector 52
higher
← 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
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €-227k
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 29-12-2025, 33 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
33 d early
2024
39 d early
2023
20 d early
2022
50 d early
2021
45 d early
2020
10 d early
2019
18 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close25-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-227k▼ 43.2%
2024 · €-159k
2019: €41k
2020: €21k
2021: €-26k
2022: €-62k
2023: €-117k
2024: €-159k
2019 → 2025
Total assets
€28k▼ 69.4%
2024 · €91k
2019: €94k
2020: €67k
2021: €68k
2022: €48k
2023: €78k
2024: €91k
2019 → 2025
Net result
€-69k▼ 62.3%
2024 · €-42k
2019: €8k
2020: €-20k
2021: €-47k
2022: €-36k
2023: €-55k
2024: €-42k
2019 → 2025
Working capital
€-237k▼ 25.6%
2024 · €-189k
2019: €-21k
2020: €-43k
2021: €-89k
2022: €-79k
2023: €-154k
2024: €-189k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-26k-€-62k▼ 138%€-117k▼ 87.9%€-159k▼ 36.3%€-227k▼ 43.2%
Operating result€-46k-€-35k▲ 23.1%€-54k▼ 52.4%€-42k▲ 22.1%€-68k▼ 62.7%
Net result€-47k-€-36k▲ 23.0%€-55k▼ 51.4%€-42k▲ 22.5%€-69k▼ 62.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €68k in 2025 against €42k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €28k
Fixed assets
€10k ▼ 65.5%
Current assets
€17k ▼ 71.3%
Key figures and ratios
EBITDA
€-49k▼
2024 · €-22k
Cash flow
€-49k▼
2024 · €-22k
Solvency
-819.4%▼
2024 · -175.0%
Current ratio
0.07▼
2024 · 0.24
Debt to equity
-1.12▲
2024 · -1.57
ROA
-247.2%▼
2024 · -46.6%
Interest coverage
-150.70▼
2024 · -71.78
Debt
€255k▲
2024 · €249k
Debt ≤ 1 year
€255k▲
2024 · €249k
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 · 39 lines
Balance sheet
Code20242025
Assets
Total assets20/58€91k€28k▼
Fixed assets21/28€30k€10k▼
Tangible fixed assets22/27€30k€10k▼
Plant, machinery and equipment23€8k€6k▼
Furniture and vehicles24€22k€4k▼
Current assets29/58€61k€17k▼
Amounts receivable within one year40/41€60k€12k▼
Trade receivables40€60k€5k▼
Other amounts receivable41-€8k
Cash at bank and in hand54/58€596€36▼
Deferred charges and accrued income490/1-€5k
Equity and liabilities
Total equity and liabilities10/49€91k€28k▼
Equity10/15€-159k€-227k▼
Contributions10/11€107k€107k=
Capital10€107k€107k=
Issued capital100€107k€107k=
Reserves13€18k€18k=
Non-distributable reserves130/1€18k€18k=
Legal reserve130€18k€18k=
Profit (loss) carried forward14€-283k€-352k▼
Amounts payable17/49€249k€255k▲
Amounts payable within one year42/48€249k€255k▲
Trade debts44€14k-
Suppliers440/4€14k-
Taxes, remuneration and social security45€507-
Taxes450/3€507-
Other amounts payable47/48€235k€255k▲
Accrued charges and deferred income492/3-€435
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€20k€20k▼
Other operating charges640/8€393€682▲
Gross operating margin9900€-21k€-48k▼
Operating profit (loss)9901€-42k€-68k▼
Financial charges65/66B€302€322▲
Recurring financial charges65€302€322▲
Profit (loss) for the period before taxes9903€-42k€-69k▼
Profit (loss) for the period9904€-42k€-69k▼
Profit (loss) for the period to be appropriated9905€-42k€-69k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-283k€-352k▼
Profit (loss) brought forward from the previous period14P€-241k€-283k▼
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
29-12
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
30-06
Financial
Weakest financial yearnet €-69k
Net result drops to €-69k, the lowest in the series.
2024
23-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
11-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
12-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
17-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
21-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
18-02
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 18 days late
2019
31-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
16-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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, Londerzeel · 1 establishment unit since 1990
Ground area
1,880 m²
Building footprint
329 m²
Volume, LiDAR
746 m³
2 parcels, Flanders · tallest building 7.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
IC Motorsport
since 19902.050.498.737
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23080A0261/00F000 | Flanders | 975 m² | 1 · 183 m² | - |
| 22005A0313/00W000 | Flanders | 906 m² | 1 · 146 m² | 7.0 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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MAV-DR.
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Depatrans
BE 0461.840.952
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Transport Van Vlasselaer
BE 0680.974.246
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Of 1,725 companies in sector 52210 we hold annual accounts for 770. 430 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded19-10-1990
Fiscal year end30-06
Activities, NACEBEL 2025
46431Wholesale of electrical household appliances and audio-video equipment
52210Service activities incidental to land transportation
47540Retail sale of electrical household appliances
73300Public relations and communication consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 32 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.