Skip to content

COPINE

Active
Public limited company·Groothandel in bouwmaterialen, algemeen assortiment· 32 yrs active
Wid-Station, Le Banau Bois 15 ·6800 Libramont-Chevigny, Belgium
KBO/BCE: BE 0452.578.343
Watch Print / PDF
Age32 yrs
Board3
Staff (FTE)1

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of COPINE is 0.6% (low). The 2023 annual accounts show equity of €358k and a net result of €-5k. Equity remains stable across the filed fiscal years (±0.9% per year). Its solvency ranks better than 69% of 586 sector peers (fiscal year 2023). The company has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 6 annual accounts.

Filing behaviour

From the deposit records, complete market-wide
Annual accounts not filed
The financial year that closed on 31-12-2024 was due at the National Bank by 31-07-2025. Nothing is on record today, 375 days later. 2 financial years are missing in total. Measured on financial year 2023: 41.75% of the companies that did not file are in an abnormal legal state today, against 1.66% of those that did.
Filed more than 90 days late
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 06-11-2024, 98 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
How we compute the deadline
The year end is derived from 10 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2023, that is 31-07-2024.
Deadline per financial year
Year closed Due by Filed Variance Reference
31-12-2025 31-07-2026 nothing on record not filed -
31-12-2024 31-07-2025 nothing on record not filed -
31-12-2023 31-07-2024 06-11-2024 98 d late 2024-00600228
31-12-2022 31-07-2023 17-08-2023 17 d late 2023-00350214
31-12-2021 31-07-2022 31-08-2022 31 d late 2022-20387223
31-12-2020 31-07-2021 10-08-2021 10 d late 2021-47800352
31-12-2019 31-07-2020 18-08-2020 18 d late 2020-42000414
31-12-2018 31-07-2019 28-12-2019 150 d late 2019-77900167
31-12-2017 31-07-2018 01-10-2018 62 d late 2018-68100022
31-12-2016 31-07-2017 26-08-2017 26 d late 2017-51200506
31-12-2015 31-07-2016 31-08-2016 31 d late 2016-57100091
31-12-2014 31-07-2015 12-08-2015 12 d late 2015-41300588

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals
Long-established
Founded in 1994, 32 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

No administrative flags

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone
0.6% Low
0%0,5%1,5%4%10%≥25%
Long track record −Annual accounts: weaker financial profile +Lower-risk legal form −

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Financials

TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€-5k
Working capital€83k-23.8%

Annual accounts & ratios

Source: NBB · 2023
Annual accounts filed on 06-11-2024 with the NBB · fiscal year 2023 · volledig
€-40k€-20k€0€20k€40k€60kOperating result 2019: €-14k€-14kNet result 2019: €44k€44kOperating result 2020: €3k€3kNet result 2020: €55k€55kOperating result 2021: €18k€18kNet result 2021: €10k€10kOperating result 2022: €8k€8kNet result 2022: €2k€2kOperating result 2023: €-22k€-22kNet result 2023: €-5k€-5k20192020202120222023
Operating resultNet result
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
stable Equity: stable across 6 fiscal years (±0.9%/year).
€320k€340k€360k€380k2024: €356k (€327k - €384k)2025: €353k (€324k - €381k)2026: €349k (€321k - €378k)2018: €383k2019: €363k2020: €360k2021: €366k2022: €365k2023: €358k201820192020202120222023202420252026
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 2023 · NACE 46, Wholesale trade · compared within the same schema type (full schema)
Metric This company Sector median Position in the sector
Solvency 48.5% 29.7%
better than 69% of 586 sector peers
Net result €-5k €38k
better than 28% of 585 sector peers
Equity €358k €481k
better than 47% of 586 sector peers
Gross operating margin €242k €106k
better than 66% of 358 sector peers
Staff costs €135k €506k
higher than 31% of 441 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Sector position over time
Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).
Solvency P69
2020: P66 · n=3572021: P67 · n=4282022: P73 · n=5072023: P69 · n=5862020 2023
Stable position over 2020-2023 · n=357-586
Net result P28
2020: P30 · n=3572021: P33 · n=4282022: P31 · n=5062023: P28 · n=5852020 2023
Stable position over 2020-2023 · n=357-585
Equity P47
2020: P38 · n=3572021: P42 · n=4282022: P44 · n=5072023: P47 · n=5862020 2023
Stable position over 2020-2023 · n=357-586
Gross operating margin P66
2020: P64 · n=1792021: P68 · n=2362022: P70 · n=2972023: P66 · n=3582020 2023
Stable position over 2020-2023 · n=179-358
Describes the position versus peers, not a forecast.
EBITDA
€74k
-31.0% 18-23
Net profit
€-5k
- 18-23
Cash flow
€90k
-10.1% 18-23
Total assets
€739k
+12.7% 18-23
Equity
€358k
-1.7% 18-23
Working capital
€83k
-23.8% 18-23
Employees (FTE)
1
0.0% 18-23
Staff costs
€135k
-17.5% 18-23
Income taxes
€5k
-21.3% 18-23
Debt
€381k
+30.7% 18-23
Debt ≤ 1y
€201k
+5.2% 18-23
Debt > 1y
€179k
+78.5% 18-23
Current ratio
1.41
-10.0% 18-23
Quick ratio
1.21
-7.2% 18-23
Solvency
48.5%
-12.8% 18-23
Debt / equity
1.06
+33.0% 18-23
ROE
-1.5%
- 18-23
ROA
-0.7%
- 18-23
Interest coverage
10.29
-55.1% 18-23
Figures by fiscal year
Fiscal year2023
Depositvolledig
Revenue-
EBITDA€74k
Net profit€-5k
Cash flow€90k
Staff costs€135k
Income taxes€5k
Dividends-
Total assets€739k
Equity€358k
Debt€381k
of which ≤ 1y€201k
of which > 1y€179k
Working capital€83k
Employees (FTE)1.0
Ratios (computed)
2023
Current ratio1.41
Quick ratio1.21
Working capital ratio11.2%
Solvency48.5%
Debt / equity1.06
Long-term debt ratio0.50
Interest coverage10.29
Gross margin-
Net margin-
ROA-0.7%
ROE-1.5%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2023
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2023
Balance sheet, Assets
TOTAL ASSETS 20/58€739k
Fixed assets 21/28€455k
Tangible fixed assets 22/27€455k
Current assets 29/58€284k
Stocks & contracts in progress 3€41k
Amounts receivable within one year 40/41€217k
Cash & bank 54/58€26k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€739k
Equity 10/15€358k
Contributions / capital 10/11€124k
Reserves 13€143k
Accumulated profits (losses) 14€59k
Amounts payable 17/49€381k
Amounts payable after one year 17€179k
Amounts payable within one year 42/48€201k
Trade debts payable within one year 44€90k
Income statement
Gross operating margin 9900€242k
Operating result 9901€-22k
Financial income 75€29k
Financial charges 65€7k
Result before taxes 9903€-489
Income taxes 67/77€5k
Net result for the period 9904€-5k
Result to be appropriated 9905€5k
You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.

Health barometer

FY 2023 · computed
58 / 100 Fair
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.

Unlock the full score breakdown, per-year score history and the indicative credit limit with Plus.

See plans →
Computed by Checked from the NBB filing for FY 2023. Indicative, not credit advice.

Directors

Directors & mandates

under verification
Directors derived from a single State Gazette act, under verification
All 3 current directors first appear in the same act (24339200). Founders or capital subscribers may have been counted as directors here; the real board composition is being verified.
Current directors & mandates
  • Alexandre COPINE
    Director
    State Gazette act 24339200 (24-01-2024)
    Current
    24-01-2024 → present
    3 events
    • 24-01-2024 Resigned· Director
    • 24-01-2024 Appointed· Director
    • 24-01-2024 Appointed· Managing director
  • Catherine FONTAINE
    Director
    State Gazette act 24339200 (24-01-2024)
    Current
    24-01-2024 → present
    2 events
    • 24-01-2024 Resigned· Director
    • 24-01-2024 Appointed· Director
  • Etienne COPINE
    Director
    State Gazette act 24339200 (24-01-2024)
    Current
    24-01-2024 → present
    4 events
    • 24-01-2024 Resigned· Director
    • 24-01-2024 Appointed· Director
    • 24-01-2024 Appointed· Managing director
    • 24-01-2024 Appointed· Chair
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.

Insolvency mandates

No insolvency mandates (liquidators, administrators) on record for this company.

Legal Structure

NACE primary Groothandel in bouwmaterialen, algemeen assortiment(46831)
Legal form Public limited company(014)
Incorporation05-05-1994
StatusActive
Postal code6800

Structure & network

Locations & real estate

Establishment units

1 location
Wid-Station, Le Banau Bois 15, 6800 Libramont-Chevigny
Vervaardiging van veevoeders
since 19942.068.640.410
Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgisch Staatsblad · acts

1 acts
All acts · 1 updated 2 years ago
2024
24-01-2024 6 directors appointed, 3 resigning Director changes·Vincent STASSER
  • Etienne COPINE, Bestuurder
  • Alexandre COPINE, Bestuurder
  • Catherine FONTAINE, Bestuurder
  • Etienne COPINE, Gedelegeerd bestuurder
  • Alexandre COPINE, Gedelegeerd bestuurder
  • Etienne COPINE, Voorzitter
  • Etienne COPINE, Bestuurder
  • Alexandre COPINE, Bestuurder
Notary: Vincent STASSER

Analysis

Snowflake analysis

financial profile on 5 axes
Health58Profitability0Solvency81Growth32Stability100
54 / 100

Mixed profile: strong on stability, weaker on profitability.

All 5 axes are computed from data Checked has read.

Health 58
Profitability 0
Solvency 81
Growth 32
Stability 100

Ask AI about this company

Checked AI

Soon: ask questions about this dossier, risks, curator, sector comparison, answered from the official data on this page.

TryWhat are the main risks?Any recent red flags?Compare to sector peers
Coming soon

AI due-diligence brief

Checked AI

Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.

Coming soon
The brief is drafted by our AI model at Anthropic in the US, from this dossier's public data. Nothing that identifies you is sent along and we do not keep the brief. Indicative, not legal or investment advice. How it works

Credit advice

verdict per customer and amount

Should this customer buy amount X on invoice? Enter the amount and payment terms, you get an instant GREEN/AMBER/RED verdict, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.

Similar

Similar companies

Same sector, ranked by comparable size

Company registry

Company registry (CBE)

Crossroads Bank
Activities
Groothandel in akkerbouwproducten en veevoeders, algemeen assortiment46216Groothandel in akkerbouwproducten en veevoeders, algemeen assortiment46216Groothandel in bouwmaterialen, algemeen assortiment46731Groothandel in bouwmaterialen, algemeen assortiment46831Groothandel in granen, zaden en diervoeders51210Groothandel in verf, vernis en bouwmaterialen, inclusief sanitair51532
Primary activity highlighted.
Names & trade names
Legal nameFR COPINE
Registered office
Wid-Station, Le Banau Bois 15
6800 Libramont-Chevigny, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.