Summary
COPILOT MANAGEMENT has a registered holding activity and consists mainly of financial fixed assets; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €427k and a net result of €87k. Equity remains stable across the filed fiscal years (±1.1% per year). Its solvency ranks better than 29% of 3200 sector peers (fiscal year 2025). The company has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Holding: general score not applicable
The company has a registered holding activity and financial fixed assets account for more than half of its assets. The general operating-company model is unsuitable for this profile, so we show no financial axes either. Filed figures remain available.
Credit check for your own amount and term
Signals
Two signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €427k
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 30-01-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
1 d early
2023
2 d early
2022
7 d early
2021
on the day
2020
1 d early
2019
2 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 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, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€87k▲ 149%
2024 · €35k
2019: €-18k
2020: €-24k▼ -28.8% vs 2019
2021: €-26k▼ -12.5% vs 2020lowest in 7 years
2022: €-18k▲ +32.4% vs 2021
2023: €17k▲ +194% vs 2022
2024: €35k▲ +107% vs 2023
2025: €87k▲ +149% vs 2024highest in 7 years
2019 → 2025
Working capital
€-630k▼ 64.9%
2024 · €-382k
2019: €-457k
2020: €-512k▼ -12.2% vs 2019
2021: €-565k▼ -10.3% vs 2020
2022: €-571k▼ -1.1% vs 2021
2023: €-572k▼ -0.2% vs 2022
2024: €-382k▲ +33.3% vs 2023highest in 7 years
2025: €-630k▼ -64.9% vs 2024lowest in 7 years
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€141k-€123k▼ 12.7%€140k▲ 13.7%€175k▲ 25.0%€427k▲ 144%
2021: €141k
2022: €123k▼ -12.7% vs 2021lowest in 5 years
2023: €140k▲ +13.7% vs 2022
2024: €175k▲ +25.0% vs 2023
2025: €427k▲ +144% vs 2024highest in 5 years
Operating result€-4k-€3k€2k▼ 37.0%€5k▲ 193%€5k▼ 2.5%
2021: €-4klowest in 5 years
2022: €3k▲ +171% vs 2021
2023: €2k▼ -37.0% vs 2022
2024: €5k▲ +193% vs 2023highest in 5 years
2025: €5k▼ -2.5% vs 2024
Net result€-26k-€-18k▲ 32.4%€17k€35k▲ 107%€87k▲ 149%
2021: €-26klowest in 5 years
2022: €-18k▲ +32.4% vs 2021
2023: €17k▲ +194% vs 2022
2024: €35k▲ +107% vs 2023
2025: €87k▲ +149% vs 2024highest in 5 years
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 2% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.48M
Fixed assets
€1.37M ▲ 57.5%
Current assets
€115k ▼ 20.1%
Equity and liabilities €1.48M
Equity
€427k ▲ 144%
Debt
€1.06M ▲ 26.1%
Debt's share of the balance-sheet total falls from 82.7% to 71.2%. Equity and debt are higher.
Key figures and ratios
ROE
20.4%▲
2024 · 20.0%
ROA
5.9%▲
2024 · 3.5%
Debt ≤ 1 year
€744k▲
2024 · €525k
Debt > 1 year
€296k▲
2024 · €295k
Income taxes
€0▼
2024 · €0
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 · 47 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.01M€1.48M▲
Fixed assets21/28€870k€1.37M▲
Financial fixed assets28€870k€1.37M▲
Current assets29/58€144k€115k▼
Amounts receivable within one year40/41€138k€98k▼
Other amounts receivable41€138k€98k▼
Cash at bank and in hand54/58€607€13k▲
Deferred charges and accrued income490/1€5k€4k▼
Equity and liabilities
Total equity and liabilities10/49€1.01M€1.48M▲
Equity10/15€175k€427k▲
Contributions10/11€222k€402k▲
Capital10€222k€316k▲
Issued capital100€222k€316k▲
Outside capital11-€85k
Share premium1100/10-€85k
Reserves13€22k€23k▲
Non-distributable reserves130/1€22k€23k▲
Legal reserve130€22k€23k▲
Profit (loss) carried forward14€-69k€3k▲
Amounts payable17/49€838k€1.06M▲
Amounts payable after more than one year17€295k€296k▲
Other amounts payable178/9€295k€296k▲
Amounts payable within one year42/48€525k€744k▲
Current portion of amounts payable after more than one year42€15k-
Financial debts43€148k€149k▲
Credit institutions430/8€148k€149k▲
Trade debts44€2k€4k▲
Suppliers440/4€2k€4k▲
Other amounts payable47/48€360k€592k▲
Accrued charges and deferred income492/3€18k€17k▼
Income statement
Code20242025
Other operating charges640/8€1k€1k▼
Gross operating margin9900€6k€6k▼
Operating profit (loss)9901€5k€5k▼
Financial income75/76B€65k€109k▲
Recurring financial income75€65k€109k▲
Financial charges65/66B€35k€27k▼
Recurring financial charges65€35k€27k▼
Profit (loss) for the period before taxes9903€35k€87k▲
Income taxes67/77€0€0▼
Profit (loss) for the period9904€35k€87k▲
Profit (loss) for the period to be appropriated9905€35k€87k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-69k€18k▲
Profit (loss) brought forward from the previous period14P€-104k€-69k▲
Transfer to equity691/2-€925
To the legal reserve6920-€925
Profit to be distributed694/7-€15k
Return on contributions (dividend)694-€15k
The notes to these accounts (10 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 |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | €1k | €1k | €1k | €1k | ▼ 13.7% |
| Gross operating margin9900 | €-3k | €4k | €3k | €6k | €6k | ▼ 4.9% |
| Operating profit (loss)9901 | €-4k | €3k | €2k | €5k | €5k | ▼ 2.5% |
| Financial income75/76B | - | €5k | €45k | €65k | €109k | ▲ 66.4% |
| Recurring financial income75 | €5k | €5k | €45k | €65k | €109k | ▲ 66.4% |
| Financial charges65/66B | - | €26k | €30k | €35k | €27k | ▼ 24.6% |
| Recurring financial charges65 | €27k | €26k | €30k | €35k | €27k | ▼ 24.6% |
| Profit (loss) for the period before taxes9903 | €-26k | €-18k | €17k | €35k | €87k | ▲ 149% |
| Income taxes67/77 | - | - | €0 | €0 | €0 | ▼ 96.0% |
| Profit (loss) for the period9904 | €-26k | €-18k | €17k | €35k | €87k | ▲ 149% |
| Profit (loss) for the period to be appropriated9905 | €-26k | €-18k | €17k | €35k | €87k | ▲ 149% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €997k | €1.00M | €1.01M | €1.01M | €1.48M | ▲ 46.5% |
| Fixed assets21/28 | €870k | €870k | €870k | €870k | €1.37M | ▲ 57.5% |
| Financial fixed assets28 | €870k | €870k | €870k | €870k | €1.37M | ▲ 57.5% |
| Current assets29/58 | €128k | €133k | €138k | €144k | €115k | ▼ 20.1% |
| Amounts receivable within one year40/41 | €122k | €127k | €132k | €138k | €98k | ▼ 28.7% |
| Other amounts receivable41 | - | €127k | €132k | €138k | €98k | ▼ 28.7% |
| Cash at bank and in hand54/58 | €273 | €270 | €337 | €607 | €13k | ▲ 2,006% |
| Deferred charges and accrued income490/1 | - | €5k | €5k | €5k | €4k | ▼ 27.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €997k | €1.00M | €1.01M | €1.01M | €1.48M | ▲ 46.5% |
| Equity10/15 | €141k | €123k | €140k | €175k | €427k | ▲ 144% |
| Contributions10/11 | €222k | €222k | €222k | €222k | €402k | ▲ 81.3% |
| Capital10 | - | €222k | €222k | €222k | €316k | ▲ 42.9% |
| Issued capital100 | - | €222k | €222k | €222k | €316k | ▲ 42.9% |
| Outside capital11 | - | - | - | - | €85k | - |
| Share premium1100/10 | - | - | - | - | €85k | - |
| Reserves13 | €22k | €22k | €22k | €22k | €23k | ▲ 4.2% |
| Non-distributable reserves130/1 | - | €22k | €22k | €22k | €23k | ▲ 4.2% |
| Legal reserve130 | - | €22k | €22k | €22k | €23k | ▲ 4.2% |
| Profit (loss) carried forward14 | €-103k | €-120k | €-104k | €-69k | €3k | ▲ 104% |
| Amounts payable17/49 | €856k | €879k | €867k | €838k | €1.06M | ▲ 26.1% |
| Amounts payable after more than one year17 | €100k | €100k | €100k | €295k | €296k | ▲ 0.5% |
| Other amounts payable178/9 | - | €100k | €100k | €295k | €296k | ▲ 0.5% |
| Amounts payable within one year42/48 | €693k | €704k | €710k | €525k | €744k | ▲ 41.7% |
| Current portion of amounts payable after more than one year42 | - | €79k | €39k | €15k | - | - |
| Financial debts43 | - | €150k | €148k | €148k | €149k | ▲ 0.4% |
| Credit institutions430/8 | - | €150k | €148k | €148k | €149k | ▲ 0.4% |
| Trade debts44 | €26k | €30k | €786 | €2k | €4k | ▲ 82.9% |
| Suppliers440/4 | - | €30k | €786 | €2k | €4k | ▲ 82.9% |
| Other amounts payable47/48 | - | €445k | €522k | €360k | €592k | ▲ 64.5% |
| Accrued charges and deferred income492/3 | - | €75k | €57k | €18k | €17k | ▼ 6.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-26k | €-18k | €17k | €35k | €87k | ▲ 149% |
| Operating cash flow (approximation) | €-26k | €-18k | €17k | €35k | €87k | ▲ 149% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €-500k | - |
| Change in cash | - | €-2 | €67 | €269 | €12k | ▲ 4,420% |
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
30-01
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
30-06
Financial
Highest result since 2019net €87k ▲149%
Net result €87k, the highest in the series.
30-06
Financial
Equity above €200kEq €427k ▲144%
3 profitable years in a row build equity to €427k.
30-01
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
30-06
Financial
Equity above €150kEq €175k ▲25%
2 profitable years in a row build equity to €175k.
29-01
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
30-06
Financial
Back to profitnet €17k
Net result €17k after 4 loss-making years.
24-01
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
30-06
Financial
Weakest financial yearnet €-26k
Net result drops to €-26k, the lowest in the series; recovery starts the following year.
30-01
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
29-01
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
Show earlier events
2019
15-01
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
31-01
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
13-01
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 15 acts read
About the unread acts
We know of 15 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
15 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, Liège · 1 establishment unit since 2001
Ground area
392 m²
Building footprint
138 m²
Volume, LiDAR
2,182 m³
Parcel 62808A0843/00X003, Wallonia · tallest building 28.4 m, ±5 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
Quai Godefroid-Kurth 30, 4020 Liège
since 20012.094.516.446
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62808A0843/00X003 | Wallonia | 392 m² | 1 · 138 m² | 28.4 m · 5 fl. |
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.
Similar companies · same sector, comparable size
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DHN INVEST
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Of 82,553 companies in sector 70200 we hold annual accounts for 52,585. 35,872 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
Founded17-09-2001
Fiscal year end30-06
Activities, NACEBEL 2025
70200Business and other management consultancy
58190Other publishing activities, excluding software publishing
64210Activities of holding companies
Scores and ratios are computed by Checked and are not a credit decision.