Financials
- Financial year
- 2025
- Total assets
- €1.21bn
- Loss
- -€1.8m
- Solvency
- 24.2%
Total assets▲ 10.2%
Net result
20202025
Summary
COPAGEST is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €291.8m and a net result of -€1.8m. Equity remains stable across the filed financial years (±0% per year). Its solvency ranks better than 20% of 2,986 sector peers (NACE 64, financial year 2025). The company has been active since 1990 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Activity
Financial service activities, except insurance and pension funding
NACE 64190
1 site
Size
€1.21bntotal assets 2025
- Equity
- €291.8m
- Loss
- -€1.8m
Financial health
Financial institution: outside the modelBankruptcy probability: sector outside the model
Structure
- Parent
- SOCIETE COOPERATIVE AGRICOLE AXEREAL
- Board
- 6 members
- Holdings
- 4
Auditor: Forvis Mazars Réviseurs d’EntreprisesAccounts 54 days early5 of 15 deeds read
Signalsraises riskWeak solvency vs sectorneutralLatest accounts filed on timeShow the evidence
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Bankruptcy probability, 12 months
This is a financial institution (bank, insurer or financial holding). A bank balance sheet works differently from that of an ordinary trading or manufacturing company. We therefore show no bankruptcy probability rather than a misleading figure.
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Signals
Two signals.
raises riskneutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 2986 sector peers (2025).
NBB · sector comparisonPosition among 2986 sector peers
Solvency
better than 20%
← weakest
strongest →
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 08-12-2025, 54 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
54 days early
2024
80 days early
2023
61 days early
2022
40 days early
2021
on the day
2020
131 days late
2019
16 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 17 days before the deadline; the sector median (NACE 64) for financial year 2024 is 14 days before the deadline, and 28% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 8 December (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsWhere today falls in the filing period
30-06-2026 year end17-10-2026 today31-01-2027 deadline
- Resignations: Bruno Bouvat-Martin, Bruce Jolly and…Appointments: Olivier Legrand, Vincent Michelet…
- Resignation: Patrick Tétard (director)Power of attorney
- Reappointment: Mazars Bedrijfsrevisoren - Réviseurs d'Entreprises…Permanent representative: Thomas VERHAMME
Key points
- Caution: From profit to loss in 2025after €24.9m in 2024 -€1.8m View
- Caution: Among the weakest 6% on net resultsector median €106,241 · 2,988 companies -€1.8m View
- Board changedlatest change 29-06-2026 · 6 in office 6 joined · 1 left View
- Controlled by SOCIETE COOPERATIVE AGRICOLE AXEREALultimately: Axereal Malt Holding parent View
- Positive: Filed on time since financial year 2021accounts within the deadline every year 5 years View
By topic
Board & ownership
- Board
- 6 members
- Parent
- SOCIETE COOPERATIVE AGRICOLE AXEREAL
- Auditor
- Forvis Mazars Réviseurs d’Entreprises
- Bernard PonceletDirector
- Guillaume PerdereauDirector
- Jean-François LoiseauDirector
- Olivier LegrandDirector
- Vincent MicheletDirector
and 1 other director
Network & group
- Group
- Axereal Malt Holding
- Subsidiaries
- 19
- Holdings
- 4
- Connected companies
- 3
19 subsidiaries
Timeline
- Events
- 18
- Since
- 2017
- Next accounts
- by 31-01-2027
- 29-12-2025Permanent representatives: Thomas VERHAMME and Anton Nuttens
- 08-12-2025Annual accounts filed
- 30-06-2025Weakest financial year
Company details
- Sites
- 1
- Legal form
- Public limited company
- Activity
- Financial service activities, except insurance and pension fundingNACE 64190
- Founded
- 21-12-1990
- Year ends
- 30-06
- Peppol
- Reachable for e-invoices
Articles of association
- Provisions read
- 1
See the provisions in the deeds
Go to Articles of associationGo further with this company
How much credit can you give this customer, and on what payment terms?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check Which other companies belong to the same group?SOCIETE COOPERATIVE AGRICOLE AXEREAL · 6 companies What changed in the latest annual accounts?What changed
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