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Co-Searching

Active
Non-profit association·Socio-cultural adult education· 11 yrs active
Franklin Rooseveltlaan 349 ·9000 Gent, Belgium

Co-Searching has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2023 annual accounts show equity of €70k and a net result of €21k. Equity is growing by ~45.9% per year across the filed fiscal years. Its solvency ranks better than 80% of 659 sector peers (fiscal year 2023). The computed 12-month bankruptcy probability is < 0.1% (very low).

KBO/BCE: BE 0628.523.178
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Credit risk

Bankruptcy probability (12 mo)

< 0.1% Very low
0%0,5%1,5%4%10%≥25%

How do we compute this?

Credit advice

verdict per amount and term

Timeline

What happened to this company, by date

2024
19-04-2024 State Gazette act Registered-office change
No further detail in the source.
12-04-2024 NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
12-04-2023 NBB filing Annual accounts filed
fiscal year 2022 · micro schema
03-02-2023 State Gazette act Open capture
General meeting · Officer resignation · Officer appointment · Statute amendment
2022
08-06-2022 NBB filing Annual accounts filed
fiscal year 2021 · micro schema
2021
09-07-2021 NBB filing Annual accounts filed
fiscal year 2020 · micro schema

Financials

Turnover€3k-80.6%
2020: €16k
EBIT margin211.5%+332.5pp
2020: -121.0%
Net result€21k+225.7%
2020: €4k 2021: €39k 2022: €6k
Working capital€70k+41.2%
2020: €10k 2021: €51k 2022: €50k

Turnover and EBIT margin not published: the micro schema does not require them.

Figures by fiscal year

fiscal year 2023 · micro schema
€-20k€0€20k€40kRevenue 2020: €16k€16kOperating result 2020: €-19k€-19kNet result 2020: €4k€4kOperating result 2021: €39k€39kNet result 2021: €39k€39kRevenue 2022: €3k€3kOperating result 2022: €6k€6kNet result 2022: €6k€6kOperating result 2023: €21k€21kNet result 2023: €21k€21k2020202120222023
RevenueOperating resultNet result
Sector comparison
Fiscal year 2023 · NACE 85, Education · compared within the same schema type (micro schema)
Metric This company Sector median Position in the sector
Solvency 72.0% 38.5%
better than 80% of 659 sector peers
Net result €21k €5k
better than 78% of 655 sector peers
Equity €70k €16k
better than 84% of 659 sector peers
Gross operating margin €200k €15k
better than 95% of 655 sector peers
Staff costs €179k €17k
higher than 93% of 134 sector peers
Sector position over time
Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).
Solvency P80
2020: P39 · n=1082021: P70 · n=2322022: P81 · n=4592023: P80 · n=6592020 2023
Improving position over 2020-2023 · n=108-659
Net result P78
2020: P11 · n=1082021: P87 · n=2312022: P56 · n=4572023: P78 · n=6552020 2023
Improving position over 2020-2023 · n=108-655
Equity P84
2020: P30 · n=1082021: P71 · n=2322022: P79 · n=4592023: P84 · n=6592020 2023
Improving position over 2020-2023 · n=108-659
Gross operating margin P95
2020: P50 · n=1082021: P93 · n=2302022: P95 · n=4572023: P95 · n=6552020 2023
Improving position over 2020-2023 · n=108-655
Total assets
€98k
+33.3% 20-23
Equity
€70k
+41.5% 20-23
Staff costs
€179k
+8.0% 20-23
Debt
€27k
+16.0% 20-23
Debt ≤ 1y
€27k
+16.6% 20-23
Current ratio
3.58
+14.4% 20-23
Quick ratio
3.58
+14.4% 20-23
Solvency
72.0%
+6.1% 20-23
Debt / equity
0.39
-18.0% 20-23
ROE
29.3%
+130.2% 20-23
ROA
21.1%
+144.3% 20-23
Net margin
206.7%
+720.8% 20-23
Figures by fiscal year and ratios
Fiscal year2023
Depositmicro schema
Revenue-
EBITDA-
Net profit€21k
Cash flow-
Staff costs€179k
Income taxes-
Dividends-
Total assets€98k
Equity€70k
Debt€27k
of which ≤ 1y€27k
of which > 1y-
Working capital€70k
Employees (FTE)-
Ratios (computed)
2023
Current ratio3.58
Quick ratio3.58
Working capital ratio72.0%
Solvency72.0%
Debt / equity0.39
Long-term debt ratio-
Interest coverage-
Gross margin-
Net margin-
ROA21.1%
ROE29.3%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
This table shows the latest fiscal year. 3 prior years, with figures and ratios, belong to a paid plan. See plans →
Balance-sheet composition 2023
Full annual accounts (16 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2023
Balance sheet, Assets
TOTAL ASSETS 20/58€98k
Current assets 29/58€98k
Amounts receivable within one year 40/41€19k
Cash & bank 54/58€77k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€98k
Equity 10/15€70k
Accumulated profits (losses) 14€70k
Amounts payable 17/49€27k
Amounts payable within one year 42/48€27k
Trade debts payable within one year 44€9k
Income statement
Gross operating margin 9900€200k
Operating result 9901€21k
Financial charges 65€149
Result before taxes 9903€21k
Net result for the period 9904€21k
Result to be appropriated 9905€21k

Signals

2 signals
Annual accounts not filed
The financial year that closed on 31-12-2024 was due at the National Bank by 31-07-2025. Nothing is on record today, 400 days later. 2 financial years are missing in total. Measured on financial year 2023: 41.75% of the companies that did not file are in an abnormal legal state today, against 1.66% of those that did.
Latest accounts filed on time
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 12-04-2024, 110 days ahead of the deadline.
No strikeouts found in the KBO publications · how complete this is
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Filing history by fiscal year and how the deadline is computed
Annual accounts not filed
The financial year that closed on 31-12-2024 was due at the National Bank by 31-07-2025. Nothing is on record today, 400 days later. 2 financial years are missing in total. Measured on financial year 2023: 41.75% of the companies that did not file are in an abnormal legal state today, against 1.66% of those that did.
Latest accounts filed on time
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 12-04-2024, 110 days ahead of the deadline.
How we compute the deadline
The year end is derived from 4 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2023, that is 31-07-2024.
Deadline per financial year
Year closed Due by Filed Variance Reference
31-12-2025 31-07-2026 nothing on record not confirmed -
31-12-2024 31-07-2025 nothing on record not filed -
31-12-2023 31-07-2024 12-04-2024 110 d early 2024-00061902
31-12-2022 31-07-2023 12-04-2023 110 d early 2023-00057396
31-12-2021 31-07-2022 08-06-2022 53 d early 2022-20049885
31-12-2020 31-07-2021 09-07-2021 22 d early 2021-32900075

Source: the National Bank's deposit records, as we have ingested them. NOTE: our copy has a gap across June to August 2026, missing roughly 220,000 deposits; for July we hold 15,605 of about 137,000 expected. A year whose deadline falls in that window shows as not confirmed, not as not filed. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Locations & real estate

Registered office

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Franklin Rooseveltlaan 3499000 Gent

Establishment units

1 location
Youth for Work Innovation
Visitatiestraat 161, 9040 GentOther membership organisations
since 20152.246.916.017
Parcels2
Ground area971 m²
Buildings2
Building footprint711 m²
Volume (LiDAR)14,058 m³
Tallest building29.0 m · ±9 fl.

Real-estate footprint

Flanders 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
44804D2709/00K008 Flanders 740 m² 1 · 611 m² 29.0 m · 9 fl.
44061A0228/00D004 Flanders 230 m² 1 · 100 m² 11.5 m · 3 fl.
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Similar

Similar companies

Comparable size, same sector

Company registry

Company registry (CBE)

Crossroads Bank
Activities
Socio-cultural adult education85593Other membership organisations94999Other education85599
Names & trade names
AbbreviationNL C-S