COCIO
ActiveSummary
COCIO has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.3m and a net result of -€13,404. Equity is growing by ~2.5% per year across the filed fiscal years. Its solvency ranks better than 47% of 3241 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability44▼-21
Solvency74▲+11
Growth52=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €160,000 at 30 days acceptable
Liquidity short (current ratio 0.71 against 0.26 in 2024; short-term debt: 4.7% and cash: 1.9% of total assets), and 50.5% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
49.5%
Return on assets
-0.3%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-07-2026, 4 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
4 d early
2024
133 d late
2023
31 d late
2022
on the day
2021
61 d late
2020
61 d early
2019
92 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 36 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 1 September (4 of the last 5 filed years within 36 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€13,404
2024 · €124,910
Working capital
-€64,102▲ 88.8%
2024 · -€570,089
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€8,561-€96,549€117,010€257,978▲ 120%€70,890▼ 72.5%
Net result€37,973within the sector's middle half▲ 28.4%-€79,954below the sector's middle half€18,568within the sector's middle half€124,910within the sector's middle half▲ 573%-€13,404below the sector's middle half
Equity€1.8mwithin the sector's middle half▲ 7.9%€1.7mwithin the sector's middle half▼ 4.5%€1.7mwithin the sector's middle half▲ 1.1%€1.9mwithin the sector's middle half▲ 7.2%€2.3mwithin the sector's middle half▲ 25.2%
Total assets€2.3mwithin the sector's middle half▲ 0.7%€4.8mwithin the sector's middle half▲ 107%€4.6mwithin the sector's middle half▼ 3.3%€4.9mwithin the sector's middle half▲ 6.6%€4.7mwithin the sector's middle half▼ 4.9%
Debt€16,581▼ 56.1%€2.6m▲ 15,485%€2.4m▼ 5.9%€2.6m▲ 8.4%€2.0m▼ 25.8%
Working capital€2.3mabove the sector's middle half▲ 1.7%-€1.2mbelow the sector's middle half-€1.1mbelow the sector's middle half▲ 8.4%-€570,089below the sector's middle half▲ 49.6%-€64,102within the sector's middle half▲ 88.8%
Solvency77.4%above the sector's middle half▲ 5.1pp35.7%within the sector's middle half▼ 41.6pp37.4%within the sector's middle half▲ 1.6pp37.6%within the sector's middle half▲ 0.2pp49.5%within the sector's middle half▲ 11.9pp
Current ratio0.09below the sector's middle half0.11below the sector's middle half▲ 0.020.26below the sector's middle half▲ 0.140.71within the sector's middle half▲ 0.45
Return on assets (ROA)1.6%within the sector's middle half▲ 0.4pp-1.7%below the sector's middle half▼ 3.3pp0.4%within the sector's middle half▲ 2.1pp2.5%within the sector's middle half▲ 2.1pp-0.3%below the sector's middle half▼ 2.8pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 73% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.7m
Fixed assets
€4.5m ▼ 4.1%
Current assets
€154,207 ▼ 22.2%
Equity and liabilities €4.7m
Equity
€2.3m ▲ 25.2%
Provisions
€414,141 ▼ 5.8%
Debt
€2.0m ▼ 25.8%
Debt's share of the balance-sheet total falls from 53.5% to 41.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€272,134▼
2024 · €450,710
Cash flow
€187,840▼
2024 · €317,642
Debt to equity
0.84▼
2024 · 1.42
ROE
-0.6%▼
2024 · 6.7%
Interest coverage
3.08▼
2024 · 5.21
Debt ≤ 1 year
€218,309▼
2024 · €768,376
Debt > 1 year
€1.7m▼
2024 · €1.8m
Income taxes
€21,155▼
2024 · €71,818
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,688 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a small loss
0.5%
went bankrupt
5.4%
stopped otherwise
94%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 2,688 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €278,927 | €178,107 | €192,732 | €201,244 | ▲ 4.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €23,449 | €30,960 | ▲ 32.0% |
| Other operating charges640/8 | €1,088 | €25,736 | €39,162 | €40,593 | €42,864 | ▲ 5.6% |
| Gross operating margin9900 | €9,649 | €208,115 | €334,279 | €514,752 | €345,958 | ▼ 32.8% |
| Operating profit (loss)9901 | €8,561 | -€96,549 | €117,010 | €257,978 | €70,890 | ▼ 72.5% |
| Financial income75/76B | €43,349 | €26,410 | €355 | €0 | - | - |
| Recurring financial income75 | €43,349 | €26,410 | €355 | €0 | - | - |
| Financial charges65/66B | €114 | €26,326 | €100,736 | €86,583 | €88,471 | ▲ 2.2% |
| Recurring financial charges65 | €114 | €26,326 | €100,736 | €86,583 | €88,471 | ▲ 2.2% |
| Profit (loss) for the period before taxes9903 | €51,796 | -€96,465 | €16,629 | €171,396 | -€17,581 | ▼ 110% |
| Transfer from deferred taxes780 | - | €16,511 | €25,332 | €25,332 | €25,332 | = |
| Income taxes67/77 | €13,823 | - | €23,393 | €71,818 | €21,155 | ▼ 70.5% |
| Profit (loss) for the period9904 | €37,973 | -€79,954 | €18,568 | €124,910 | -€13,404 | ▼ 111% |
| Transfer from tax-exempt reserves789 | - | €49,532 | €75,997 | €75,997 | €75,997 | = |
| Profit (loss) for the period to be appropriated9905 | €37,973 | -€30,422 | €94,565 | €200,908 | €62,594 | ▼ 68.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.3m | €4.8m | €4.6m | €4.9m | €4.7m | ▼ 4.9% |
| Fixed assets21/28 | - | €4.7m | €4.5m | €4.7m | €4.5m | ▼ 4.1% |
| Tangible fixed assets22/27 | - | €4.7m | €4.5m | €4.7m | €4.5m | ▼ 4.1% |
| Land and buildings22 | - | €4.7m | €4.5m | €4.7m | €4.5m | ▼ 4.2% |
| Plant, machinery and equipment23 | - | - | - | €28,233 | €30,476 | ▲ 7.9% |
| Current assets29/58 | €2.3m | €126,908 | €145,947 | €198,286 | €154,207 | ▼ 22.2% |
| Amounts receivable within one year40/41 | €2.3m | €68,320 | €65,036 | €155,966 | €62,001 | ▼ 60.2% |
| Trade receivables40 | €168 | €66,570 | €63,286 | €149,630 | €56,264 | ▼ 62.4% |
| Other amounts receivable41 | €2.3m | €1,750 | €1,750 | €6,337 | €5,737 | ▼ 9.5% |
| Cash at bank and in hand54/58 | €62,385 | €58,146 | €78,569 | €39,576 | €87,651 | ▲ 121% |
| Deferred charges and accrued income490/1 | - | €443 | €2,343 | €2,744 | €4,555 | ▲ 66.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.3m | €4.8m | €4.6m | €4.9m | €4.7m | ▼ 4.9% |
| Equity10/15 | €1.8m | €1.7m | €1.7m | €1.9m | €2.3m | ▲ 25.2% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €542,000 | ▲ 774% |
| Capital10 | €62,000 | €62,000 | €62,000 | €62,000 | €542,000 | ▲ 774% |
| Issued capital100 | €62,000 | €62,000 | €62,000 | €62,000 | €542,000 | ▲ 774% |
| Reserves13 | €1.5m | €1.5m | €1.4m | €1.3m | €1.3m | ▼ 2.1% |
| Non-distributable reserves130/1 | €6,200 | €6,200 | €6,200 | €6,200 | €54,200 | ▲ 774% |
| Legal reserve130 | €6,200 | €6,200 | €6,200 | €6,200 | €54,200 | ▲ 774% |
| Tax-exempt reserves132 | €1.5m | €1.5m | €1.4m | €1.3m | €1.2m | ▼ 5.8% |
| Profit (loss) carried forward14 | €201,174 | €170,751 | €265,317 | €466,224 | €480,818 | ▲ 3.1% |
| Provisions and deferred taxes16 | €506,649 | €490,139 | €464,806 | €439,474 | €414,141 | ▼ 5.8% |
| Deferred taxes168 | €506,649 | €490,139 | €464,806 | €439,474 | €414,141 | ▼ 5.8% |
| Amounts payable17/49 | €16,581 | €2.6m | €2.4m | €2.6m | €2.0m | ▼ 25.8% |
| Amounts payable after more than one year17 | - | €1.2m | €1.1m | €1.8m | €1.7m | ▼ 7.1% |
| Financial debts170/4 | - | €1.2m | €1.1m | €1.8m | €1.7m | ▼ 7.1% |
| Amounts payable within one year42/48 | €16,581 | €1.4m | €1.3m | €768,376 | €218,309 | ▼ 71.6% |
| Current portion of amounts payable after more than one year42 | - | €67,303 | €69,667 | €128,778 | €131,311 | ▲ 2.0% |
| Trade debts44 | €2,758 | €45,330 | €26,247 | €123,918 | €6,710 | ▼ 94.6% |
| Suppliers440/4 | €2,758 | €45,330 | €26,247 | €123,918 | €6,710 | ▼ 94.6% |
| Taxes, remuneration and social security45 | €13,823 | €13,823 | €23,393 | €71,051 | €46,818 | ▼ 34.1% |
| Taxes450/3 | €13,823 | €13,823 | €23,393 | €71,051 | €46,818 | ▼ 34.1% |
| Other amounts payable47/48 | - | €1.2m | €1.2m | €444,629 | €33,470 | ▼ 92.5% |
| Accrued charges and deferred income492/3 | - | €26,338 | €28,551 | €28,967 | €29,506 | ▲ 1.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €37,973 | -€79,954 | €18,568 | €124,910 | -€13,404 | ▼ 111% |
| + Depreciation and write-downs630 | - | €278,927 | €178,107 | €192,732 | €201,244 | ▲ 4.4% |
| Operating cash flow (approximation) | €37,973 | €198,973 | €196,675 | €317,642 | €187,840 | ▼ 40.9% |
| Investment in fixed assets (approximation) | - | - | €0 | -€443,363 | -€5,748 | ▲ 98.7% |
| Change in cash | - | -€4,239 | €20,423 | -€38,993 | €48,075 | ▲ 223% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
27-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Equity above €2mEq €2.3m ▲25.2%
Equity rises from €1.9m to €2.3m.
11-12
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 133 days late
2024
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 31 days late
2023
31-12
Financial
Back to profitnet €18,568
Net result €18,568 after one loss-making year.
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Weakest financial yearnet -€79,954
Net result drops to -€79,954, the lowest in the series; recovery starts the following year.
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 61 days late
2021
31-12
Financial
Liquidity doublescurrent ratio 139.47
Current ratio from 60.78 to 139.47; short-term debt falls from €37,769 to €16,581.
31-05
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 92 days late
2019
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 31 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 31 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 11 acts read
About the unread acts
We know of 11 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
11 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Liège · 1 establishment unit since 2008
Ground area
4,768 m²
Parcel 62814C0393/00V002, Wallonia. Linked by address, not a title deed.
140
companies at this address
See who is registered here
1 establishment unit
Rue des Guillemins 139, 4000 Liège
since 20082.180.283.846
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62814C0393/00V002 | Wallonia | 4,768 m² | - | - |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Part of the group
ARDENT INVEST
29 companies
Group, risk and exposure
Owners and holdings
1 ownerChain of control
Highest known parent: ARDENT INVEST. The sources do not say who stands above it.
Owners 1
-
80.32%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,629. 18,530 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded05-02-2008
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
Contact
E-mail
info@ardent-re.be
Phone
042321952
Phone
02/790.25.80Liège
E-invoicing
Reachable via Peppol
Peppol ID
0208:0895487766
Also
9925:BE0895487766
Registered
20-11-2020
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.