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Active
BE 0427.972.017Coöperatieve vennootschap met beperkte aansprakelijkheid
COPROSAIN
Chemin des Peupliers 24 ·7800 Ath, Belgium· 40 yrs active
Sector: Wholesale trade
(46319)
Conclusion
The KBO register records legal situation 050 for COPROSAIN (Register: open bankruptcy); this is today's state according to the register itself, which carries no start date. The 2021 annual accounts show negative equity (€-980k) and a net result of €-1.08M.
Based on the State Gazette, CBE and 4 annual accounts.
Key figures
| Equity | €-980k |
| Net result | €-1.08M |
| Staff (FTE) | 68.1 |
| Better than sector | 15% |
Snowflake analysis
20
/ 100
Fragile profile, watch health in particular.
All 5 axes are computed from data Checked has read.
Health
0
Profitability
33
Solvency
33
Growth
35
Stability
0
Bankruptcy probability (12 mo)
10.8%
High
0%0,5%1,5%4%10%≥25%
Judicial reorganisation on record
+Lower-risk legal form
−Annual accounts: weaker financial profile
+
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
Risk Assessment
30 / 100
Elevated riskRegister: open bankruptcyThis score counts publications in the Belgian State Gazette only. The KBO register additionally records legal situation 050 for this company; it does not feed the figure above.
Components
· 3 judicial reorganisations (+30)
Trust signals
Register: open bankruptcy
The KBO register records legal situation 050 for this company. This is today's state according to the register itself; the register carries no start date.
In judicial reorganisation
Ongoing procedure under court protection (Book XX WER). The company is restructuring.
Administrative Flags
No administrative flags
Health barometer
0
/ 100
Critical
Computed from 6 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 2021 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.
Financial overview
Annual accounts filed on 14-10-2022 with the NBB · fiscal year 2021 · ander
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
volatile
Too volatile to project: the yearly deviation from the trend is ~45% of the level (threshold 35%). We therefore deliberately show no projection line.
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 2020 · NACE 46, Wholesale trade · compared within the same schema type (full schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 2.8% | 34.4% | |
| Net result | €33k | €51k | |
| Equity | €73k | €863k | |
| Gross operating margin | €2.51M | €131k | |
| Employees (FTE) | 66.4 | 9.8 |
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
€9.51M
-6.1%
18-21
€-883k
-
18-21
€-1.08M
-69.9%
18-21
€-916k
-100.0%
18-21
€2.19M
-17.4%
18-21
€-980k
-
18-21
€-2.07M
-100.9%
18-21
68
+2.6%
18-21
€2.47M
-
18-21
€331
-
18-21
€3.17M
+23.8%
18-21
€2.87M
+29.7%
18-21
€283k
-17.1%
18-21
0.28
-47.9%
18-21
0.15
-51.5%
18-21
-44.7%
-
18-21
-3.23
-
18-21
110.1%
-
18-21
-49.3%
-105.5%
18-21
-11.3%
-80.9%
18-21
-9.3%
-
18-21
-82.14
-
18-21
Figures by fiscal year
| Fiscal year | 2021 |
|---|---|
| Deposit | ander |
| Revenue | €9.51M |
| EBITDA | €-883k |
| Net profit | €-1.08M |
| Cash flow | €-916k |
| Staff costs | €2.47M |
| Income taxes | €331 |
| Dividends | - |
| Total assets | €2.19M |
| Equity | €-980k |
| Debt | €3.17M |
| of which ≤ 1y | €2.87M |
| of which > 1y | €283k |
| Working capital | €-2.07M |
| Employees (FTE) | 68.1 |
Ratios (computed)
| 2021 | |
|---|---|
| Current ratio | 0.28 |
| Quick ratio | 0.15 |
| Working capital ratio | -94.5% |
| Solvency | -44.7% |
| Debt / equity | -3.23 |
| Long-term debt ratio | -0.29 |
| Interest coverage | -82.14 |
| Gross margin | 37.9% |
| Net margin | -11.3% |
| ROA | -49.3% |
| ROE | 110.1% |
| EBITDA margin | -9.3% |
| Days sales outstanding | 8d |
| Days payable outstanding | 127d |
| Inventory turnover | 16.31 |
| Days inventory (DSI) | 22d |
Balance-sheet composition 2021
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2021 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €2.19M |
| Fixed assets | 21/28 | €1.39M |
| Intangible fixed assets | 21 | €3k |
| Tangible fixed assets | 22/27 | €1.38M |
| Financial fixed assets | 28 | €12k |
| Current assets | 29/58 | €800k |
| Stocks & contracts in progress | 3 | €362k |
| Amounts receivable within one year | 40/41 | €243k |
| Cash & bank | 54/58 | €194k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €2.19M |
| Equity | 10/15 | €-980k |
| Contributions / capital | 10/11 | €434k |
| Reserves | 13 | €13k |
| Accumulated profits (losses) | 14 | €-1.72M |
| Amounts payable | 17/49 | €3.17M |
| Amounts payable after one year | 17 | €283k |
| Amounts payable within one year | 42/48 | €2.87M |
| Trade debts payable within one year | 44 | €2.05M |
| Income statement | ||
| Turnover | 70 | €9.51M |
| Operating result | 9901 | €-1.05M |
| Financial income | 75 | €2k |
| Financial charges | 65 | €34k |
| Result before taxes | 9903 | €-1.08M |
| Income taxes | 67/77 | €331 |
| Net result for the period | 9904 | €-1.08M |
| Result to be appropriated | 9905 | €-1.08M |
You're seeing the latest fiscal year only. Unlock 3 prior years (figures + ratios) with a paid plan.
See plans →
Ratios computed by Checked.
Legal Structure
| NACE primary | Wholesale trade(46319) |
| Legal form | Coöperatieve vennootschap met beperkte aansprakelijkheid(008) |
| Incorporation | 30-09-1985 |
| Status | Active |
| Postal code | 7800 |
| First BS signal | 17-01-2022 |
| Latest BS signal | 15-09-2022 |
Establishment units
coprosain
since 20012.145.149.951
coprosain
since 20052.148.130.128
COPROSAIN
since 20182.274.467.381
Coprosain
since 20212.323.668.949
Coprosain
since 20222.323.669.048
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
Wallonia
5
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 55025B0256/00P000 | Wallonia | 2,303 m² | 1 · 981 m² | 8.8 m · 2 fl. |
| 51004B0016/00E002 | Wallonia | 1,628 m² | 1 · 293 m² | 10.7 m · 2 fl. |
| 53404B0607/00T003 | Wallonia | 650 m² | 1 · 58 m² | 10.0 m · 3 fl. |
| 57463L0093/00Z002indicative | Wallonia | 519 m² | 1 · 59 m² | 11.1 m · 3 fl. |
| 55006B0760/00E000 | Wallonia | 298 m² | 1 · 145 m² | 11.3 m · 3 fl. |
Methodology
via registered seat: 1 · via establishment units: 4
4 of 5 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
2022
14-10-2022
NBB filing
Annual accounts filed
15-09-2022
Judicial reorganisation
Extension
28-07-2022
Judicial reorganisation
Transfer under judicial authority
17-01-2022
Judicial reorganisation
Opening
2021
19-07-2021
NBB filing
Annual accounts filed
2020
30-11-2020
NBB filing
Annual accounts filed
2019
30-08-2019
NBB filing
Annual accounts filed
2018
14-08-2018
NBB filing
Annual accounts filed
2017
31-08-2017
NBB filing
Annual accounts filed
2016
31-08-2016
NBB filing
Annual accounts filed
2015
07-10-2015
NBB filing
Annual accounts filed
2014
29-08-2014
NBB filing
Annual accounts filed
2013
19-08-2013
NBB filing
Annual accounts filed
Lifecycle & Insolvency Signals
15-09-2022
Judicial reorganisation
Extension
28-07-2022
Judicial reorganisation
Transfer under judicial authority
17-01-2022
Judicial reorganisation
Opening
Time machine, BS events + macro context
Macro context
2020-Q2/Q3 COVID lockdown
2022 energy crisis
2023-2024 ECB rate hikes
Legend
Bankruptcy
Interim / reorg
KBO event
Credit advice
AI due-diligence brief
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
Company registry (CBE)
Activities
Groothandel in groenten en fruit, m.u.v. consumptieaardappelen46319Groothandel in groenten en fruit, muv consumptieaardappelen46319Groothandel in groenten en fruit51310Groothandel in zuivelproducten en eieren46331Groothandel in zuivelproducten en eieren46331Groothandel in koffie, thee, cacao en specerijen46370Groothandel in koffie, thee, cacao en specerijen46370Detailhandel in vlees en vleesproducten in gespecialiseerde winkels, m.u.v. vlees van wild en van gevogelte47221Detailhandel in vlees en vleesproducten, muv vlees van wild en van gevogelte47221Detailhandel in zuivelproducten en eieren47271Detailhandel in zuivelproducten en eieren in gespecialiseerde winkels47291Groothandel in zuivelproducten, eieren, spijsoliën en -vetten51331Groothandel in koffie, thee, cacao en specerijen51370Detailhandel in vlees en vleeswaren52220Detailhandel in zuivelproducten en eieren52271
Primary activity highlighted.
Names & trade names
| Legal nameFR | COPROSAIN |
Registered office
Chemin des Peupliers 24
7800 Ath, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
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