Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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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 0 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
COPIRAL from Etterbeek, company number BE0446577508, closed financial year 2025 with a result of € -1,286 after tax. For that financial year COPIRAL recorded a gross margin of € 0 and equity of € 4,376. Compared with financial year 2024, the result moved from € -1,089 to € -1,286. The company made a loss. The company holds a healthy buffer. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 23, 2026.
€ 4,376
▼ 23% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -1,286
▼ 18 % more loss than in 2024
Profit after tax over the fiscal year.
€ 134
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -69,992.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -1,154 | € -269 | € -1,013 | € 0 | ▲ € 1,013 |
| Profit after taxes | € -1,625 | € -383 | € -1,089 | € -1,286 | ▼ € 196 |
| Equity | € 7,134 | € 6,752 | € 5,662 | € 4,376 | ▼ 23% |
| Total debts | € 64,331 | € 64,663 | € 65,753 | € 67,172 | ▲ 2% |
| Cash | € 51 | € 0 | - | € 134 | |
| Land & buildings | € 71,415 | € 71,415 | € 71,415 | € 71,415 | |
| Retained profit | € -67,234 | € -67,616 | € -68,706 | € -69,992 | ▼ € 1,286 |
| Balance sheet total | € 71,465 | € 71,415 | € 71,415 | € 71,548 |
Key figures of COPIRAL, 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 COPIRAL?
What happened at COPIRAL in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Armandine Vandevelde stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 1,286. Source: NBB ↗
- Elise Pire became a director. NBB
- Guy Quirynen became a director. NBB
- Jo Quirynen became a director. NBB
- Armandine Vandevelde became a director. NBB
- New establishment in Hélécine. KBO
- Start of the company according to the CBE. KBO
In short
From € 1,625 loss in 2022 to € 1,286 loss in 2025.
Management
Behind COPIRAL are Elise Pire, Guy Quirynen and Jo Quirynen. Guy Quirynen is also behind TOMIDO.
Directors
According to the 2025 annual accounts
Elise Pire
Director
since 2021
since 2021
Jo Quirynen
Director
since 2021
Armandine Vandevelde
Director
since 2021 · until 2027
Establishments
Establishment units
Physical locations of this company
Louis Schmidtlaan 63 box 7
1040 Etterbeek
Rue de l' Abbaye,Neerh. 63
1357 Hélécine
Active since 31 March 1992
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
- 0446.577.508
- VAT number
- BE 0446.577.508
- Registered office
- Louis Schmidtlaan 63 bus 7, 1040 Etterbeek
- Names & denominations
- COPIRAL
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 11 February 1992
- Peppol
- Active · Active since 6 Jan 2026