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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Negative equity NBB
More debt than assets in 1 of the last 3 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 60 % of short-term debt in 2023; threshold 65 %.
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Legal situation KBO
Opening faillissement according to the CBE.
Financials
Financial year 2023
Cobalt Blue from Brecht, company number BE0477012940, closed financial year 2023 with a result of € -198,155 after tax. For that financial year Cobalt Blue recorded a gross margin of € 243,735 and equity of € -92,569. Compared with financial year 2022, the result moved from € 6,608 to € -198,155. 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 January 16, 2025.
€ -92,569
▼ € 198,155 vs 2022
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -198,155
▼ still € 6,608 profit in 2022
Profit after tax over the fiscal year.
€ 10,535
▼ 72% vs 2022
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -111,169.
People and assets in 2023
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 404,811
▼ 1% vs 2022
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
Debts at end 2023
€ 38,847
▼ 19% vs 2022
€ 9,527 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 144,326
▲ 75% vs 2022
Supplier invoices still open on the last day of the fiscal year.
€ 177,359
▲ 57% vs 2022
Taxes, VAT and social contributions still to pay.
| 2021 | 2022 | 2023 | Change 2022 → 2023 | |
|---|---|---|---|---|
| Gross margin | € 416,027 | € 444,319 | € 243,735 | ▼ 45% |
| Profit after taxes | € 34,424 | € 6,608 | € -198,155 | ▼ € 204,763 |
| Equity | € 98,978 | € 105,587 | € -92,569 | ▼ € 198,155 |
| Total debts | € 199,469 | € 279,457 | € 370,291 | ▲ 33% |
| Cash | € 47,000 | € 37,142 | € 10,535 | ▼ 72% |
| Land & buildings | - | - | € 5,385 | |
| Retained profit | € 80,378 | € 86,987 | € -111,169 | ▼ € 198,155 |
| Bank debt | € 0 | € 47,833 | € 38,847 | ▼ 19% |
| Balance sheet total | € 298,447 | € 385,044 | € 277,722 | ▼ 28% |
Key figures of Cobalt Blue, fiscal years 2021 to 2023, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2024 has not been filed yet; it was expected before 31 July 2025.
What happened to Cobalt Blue?
What happened at Cobalt Blue in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
Cobalt Blue is active according to the CBE. Legal situation: Opening faillissement.
- New annual accounts for financial year 2023: loss of € 198,155 (▼ € 204,763 vs 2022). filed late Source: NBB ↗
- New establishment in Brecht. KBO
- Start of the company according to the CBE. KBO
In short
From € 34,424 profit in 2021 to € 198,155 loss in 2023.
Paid € 17,406 in corporate taxes since 2021.
Best year ever: 2021, with € 34,424 profit.
Management
Behind Cobalt Blue is Constantin Iatrou. Constantin Iatrou is also behind Fire Master Technics.
Directors
According to the 2023 annual accounts
Establishments
Establishment units
Physical locations of this company
Oostmalsebaan 1-C box 19
2960 Brecht
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0477.012.940
- VAT number
- BE 0477.012.940
- Registered office
- Oostmalsebaan 1-C bus 19, 2960 Brecht
- Names & denominations
- Cobalt Blue
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Opening faillissement
- Start date
- 6 March 2002
- Peppol
- Not registered
- Activities · NACE
Reparatie en onderhoud van civiele schepen