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.
-
Tight liquidity NBB
Cash and receivables cover 37 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
COSPAIA from Elsene, company number BE0873168264, closed financial year 2025 with a result of € -160,383 after tax. For that financial year COSPAIA recorded a gross margin of € 225,990 and equity of € -479,316. Compared with financial year 2024, the result moved from € 44,109 to € -160,383. 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 April 15, 2026.
€ -479,316
▼ € 160,383 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -160,383
▼ still € 44,109 profit in 2024
Profit after tax over the fiscal year.
€ 23,992
▼ 58% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -789,316.
People and assets in 2025
298,561.4
▲ 298,541.7 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 298,561
▲ 11% vs 2024
€ 0 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 114,883
▼ 17% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 94,661
▼ 26% vs 2024
€ 31,916 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 248,902
▲ 44% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 266,609
▲ 92% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 625,703 | € -135,293 | € 392,870 | € 225,990 | ▼ 42% |
| Profit after taxes | € 169,976 | € -218,317 | € 44,109 | € -160,383 | ▼ € 204,492 |
| Equity | € -144,725 | € -363,042 | € -318,933 | € -479,316 | ▼ € 160,383 |
| Total debts | € 511,197 | € 713,794 | € 735,311 | € 959,941 | ▲ 31% |
| Cash | € 142,546 | € 9,047 | € 56,800 | € 23,992 | ▼ 58% |
| Retained profit | € -454,725 | € -673,042 | € -628,933 | € -789,316 | ▼ € 160,383 |
| Bank debt | € 16,015 | € 32,256 | € 127,573 | € 94,661 | ▼ 26% |
| Balance sheet total | € 366,472 | € 350,752 | € 416,377 | € 480,625 | ▲ 15% |
| Employees (FTE) | 11.1 | - | 19.7 | 298,561.4 | ▲ 298,541.7 |
Key figures of COSPAIA, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 January 2027.
What happened to COSPAIA?
What happened at COSPAIA in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 160,383 (▼ € 204,492 vs 2024). filed late Source: NBB ↗
- DJ SOLUTIONS became a director. NBB
- New establishment in Elsene. KBO
- Start of the company according to the CBE. KBO
In short
From € 169,976 profit in 2022 to € 160,383 loss in 2025.
Paid € 12,285 in corporate taxes since 2022.
Best year ever: 2022, with € 169,976 profit.
On average € 0 of value added per employee in 2025.
A new publication or filing at COSPAIA? We notify you, reason included.
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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 MB Brussels comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
COSPAIABehind COSPAIA is DJ SOLUTIONS. The shares are held by MB Brussels (60%).
Directors
According to the 2025 annual accounts
Director · represented by Alain Kolgjini
since 2023
Shareholders
60%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Kapitein Crespelstraat 1
1050 Elsene
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 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.
Website
Technologies
Hosting & Email
Email provider
OVH Mail
Hosting
OVH, FR
DNS
OVH DNS
Website info
Features
Security
Network
Details
- Company number
- 0873.168.264
- VAT number
- BE 0873.168.264
- Registered office
- Kapitein Crespelstraat 1, 1050 Elsene
- Names & denominations
- COSPAIA
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 13 April 2005
- Peppol
- Active · Active since 8 Apr 2026
- Contact
- cospaia.be
- Activities · NACE
Restaurants van het traditionele type
Activiteiten van eetgelegenheden met volledige bediening
Eetgelegenheden met volledige bediening
Cafés en bars