Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 29 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
COPECI from Elsene, company number BE0432041859, closed financial year 2025 with a result of € -34,979 after tax. For that financial year COPECI recorded a gross margin of € 92,925 and equity of € -93,681. Compared with financial year 2024, the result moved from € -33,604 to € -34,979. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 2, 2026.
€ -93,681
▼ € 34,979 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -34,979
▼ 4 % more loss than in 2024
Profit after tax over the fiscal year.
€ 48,438
▲ 117% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -112,273.
People and assets in 2025
0
Average over the fiscal year, from the social balance sheet.
€ 229
▼ 32% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 894,351
€ 59,241 is repaid this year. At this pace the long-term loan is gone in ≈ 15 years.
€ 8,630
▼ 53% vs 2024
Supplier invoices still open on the last day of the fiscal year.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 78,938 | € 126,365 | € 117,645 | € 92,925 | ▼ 21% |
| Profit after taxes | € -8,140 | € -59,972 | € -33,604 | € -34,979 | ▼ € 1,375 |
| Equity | € -9,770 | € -42,704 | € -58,702 | € -93,681 | ▼ € 34,979 |
| Total debts | € 649,585 | € 907,557 | € 1,015,769 | € 1,018,416 | |
| Cash | € 16,657 | € 17,145 | € 22,316 | € 48,438 | ▲ 117% |
| Land & buildings | € 1,046,110 | € 1,279,549 | € 1,344,023 | € 1,305,186 | ▼ 3% |
| Retained profit | € -28,363 | € -61,297 | € -77,294 | € -112,273 | ▼ € 34,979 |
| Bank debt | € 620,864 | € 866,049 | € 895,633 | € 894,351 | |
| Balance sheet total | € 1,100,562 | € 1,328,130 | € 1,419,668 | € 1,380,027 | ▼ 3% |
Key figures of COPECI, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to COPECI?
What happened at COPECI in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 34,979. Source: NBB ↗
- Geraud de Borchgrave d'Altena became a director. NBB
- Framaca NV became a director. NBB
- New establishment in Brussel. KBO
- Start of the company according to the CBE. KBO
In short
From € 8,140 loss in 2022 to € 34,979 loss in 2025.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The stake of FRAMACA comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
COPECIBehind COPECI are Geraud de Borchgrave d'Altena and Framaca NV. The shares are held by FRAMACA (53.9%).
Directors
According to the 2025 annual accounts
since 2011
Director · represented by François de Borchgrave d’ Altena
Also active at: BEOPAR, BELGIAN ECO ENERGY
since 2008
Shareholders
53.9%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Elyzeese Veldenstraat 35
1050 Elsene
Minimenstraat 38
1000 Brussel
Active since 1 October 1987
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0432.041.859
- VAT number
- BE 0432.041.859
- Registered office
- Elyzeese Veldenstraat 35, 1050 Elsene
- Names & denominations
- COPECI
- Enterprise type
- Rechtspersoon
- Legal form
- Cooperative company
- Legal situation
- Normale toestand
- Start date
- 17 September 1987
- Peppol
- Active · Active since 27 Jan 2026