CoCon
ActiveSummary
CoCon has been active since 2016 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.6m and a net result of €837,916. Equity has been growing by about 15% per year since 2020. Its solvency ranks better than 95% of 17,149 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 06-01-2016 Normal situation
- Activity
- Buying and selling of own real estate NACE 68110and 1 other
- Establishment unit
- 2.248.861.955 9070 Destelbergen, since 07-01-2016
- Financial year end
- 31 December
- Peppol
- Reachable since 27-03-2026
Financial position
- Bankruptcy probabilitywithin 12 months
- < 0.1%
- Gross margin
- €35,367
- ▲ 24.7%
- Turnover
- ≈ €97,000
- estimated
- Profit
- €837,916
- ▲ 45×
- Equity
- €2.6m
- ▲ 626%
- Total assets
- €2.7m
- ▲ 613%
- 2025 accounts filed 24 days after the deadline
Score breakdownlowers riskFigures for financial year 2025 (filed on 24-08-2026)Liquidity: current ratio 13.45, cash €955,254Size: total assets €2.7mEquity €2.6m (96.5% of total assets)Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, small). It does better than 92% of them on solvency, 98% on liquidity, 99% on profitability and 99% on growth.
The bankruptcy probability was computed on 03-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 6 accounts on average 27 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
2025 annual accounts filed 24 days after the deadline Filed on 24 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00417943.
Annual accounts 2025 filed on 24-08-2026 at the NBB all 6 filings
Every figure per financial year
The operating result for 2025 is 27% higher than in 2024. It is a recovery after the fall in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €656 | €1,150 | €1,272 | €3,637 | - |
| Financial fixed assets | - | - | - | - | €1.4m |
| Depreciation and write-downs of the year | €7,040 | €7,078 | €7,242 | €1,683 | €2,028 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,327 | €7,040 | €7,078 | €7,242 | €1,683 | €2,028 | ▲ 20.5% |
| Other operating charges640/8 | - | €1,793 | €1,673 | €2,035 | €1,997 | €2,000 | ▲ 0.2% |
| Gross operating margin9900 | €66,042 | €84,381 | €71,870 | €90,306 | €28,358 | €35,367 | ▲ 24.7% |
| Operating profit (loss)9901 | €57,934 | €75,548 | €63,119 | €81,029 | €24,678 | €31,339 | ▲ 27.0% |
| Financial income75/76B | - | €352 | €2,256 | €2,040 | €2,242 | €900,001 | ▲ 401× |
| Recurring financial income75 | €322 | €352 | €2,256 | €2,040 | €2,242 | €900,001 | ▲ 401× |
| Financial charges65/66B | - | €133 | €254 | €391 | €519 | €334 | ▼ 35.7% |
| Recurring financial charges65 | €104 | €133 | €254 | €391 | €519 | €334 | ▼ 35.7% |
| Profit (loss) for the period before taxes9903 | €58,152 | €75,766 | €65,122 | €82,678 | €26,401 | €931,005 | ▲ 35× |
| Income taxes67/77 | €16,823 | €21,621 | €19,415 | €24,666 | €7,872 | €93,089 | ▲ 12× |
| Profit (loss) for the period9904 | €41,329 | €54,145 | €45,707 | €58,011 | €18,529 | €837,916 | ▲ 45× |
| Profit (loss) for the period to be appropriated9905 | €41,329 | €54,145 | €45,707 | €58,011 | €18,529 | €837,916 | ▲ 45× |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €0.3m | €0.3m | €0.4m | €0.4m | €0.4m | €2.7m | ▲ 613% |
| Fixed assets21/28 | €0.02m | €0.02m | €0.01m | €0.004m | €0.006m | €1.4m | ▲ 227× |
| Tangible fixed assets22/27 | €0.02m | €0.02m | €0.01m | €0.004m | €0.006m | €0.004m | ▼ 31.7% |
| Land and buildings22 | - | €0.002m | €0.002m | €0.001m | €0.001m | €0.001m | ▼ 17.4% |
| Plant, machinery and equipment23 | - | €476 | €238 | €0 | €0.003m | €0.003m | ▼ 21.6% |
| Furniture and vehicles24 | - | €0.01m | €0.009m | €0.003m | €0.002m | €0.001m | ▼ 59.5% |
| Financial fixed assets28 | - | - | - | - | - | €1.4m | - |
| Current assets29/58 | €0.2m | €0.3m | €0.4m | €0.4m | €0.4m | €1.3m | ▲ 242% |
| Amounts receivable after more than one year29 | - | €0.1m | €0.1m | €0.1m | €0.04m | €0.04m | = |
| Other amounts receivable291 | - | €0.1m | €0.1m | €0.1m | €0.04m | €0.04m | = |
| Amounts receivable within one year40/41 | €0.02m | €0.004m | €0.007m | €0.01m | €0.02m | €0.3m | ▲ 17× |
| Trade receivables40 | - | - | €0.002m | €0.01m | €0.01m | €0.009m | ▼ 3.3% |
| Other amounts receivable41 | - | €0.004m | €0.005m | €0 | €0.008m | €0.3m | ▲ 36× |
| Cash at bank and in hand54/58 | €0.2m | €0.2m | €0.2m | €0.3m | €0.3m | €1.0m | ▲ 203% |
| Deferred charges and accrued income490/1 | - | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | ▲ 3.1% |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €0.3m | €0.3m | €0.4m | €0.4m | €0.4m | €2.7m | ▲ 613% |
| Equity10/15 | €0.3m | €0.3m | €0.4m | €0.4m | €0.4m | €2.6m | ▲ 626% |
| Contributions10/11 | - | €0.005m | €0.005m | €0.005m | €0.005m | €1.5m | ▲ 290× |
| Reserves13 | €0.2m | €0.3m | €0.3m | €0.4m | €0.4m | €1.2m | ▲ 233% |
| Distributable reserves133 | - | €0.3m | €0.3m | €0.4m | €0.4m | €1.2m | ▲ 233% |
| Profit (loss) carried forward14 | - | - | - | - | €0 | €0 | - |
| Amounts payable17/49 | €0.008m | €0.008m | €0.01m | €0.02m | €0.02m | €0.1m | ▲ 378% |
| Amounts payable within one year42/48 | €0.008m | €0.008m | €0.01m | €0.02m | €0.02m | €0.1m | ▲ 378% |
| Trade debts44 | €251 | €0.001m | €0.001m | €0.006m | €0.01m | €0.001m | ▼ 87.1% |
| Suppliers440/4 | - | €0.001m | €0.001m | €0.006m | €0.01m | €0.001m | ▼ 87.1% |
| Taxes, remuneration and social security45 | - | €0.007m | €0.01m | €0.02m | €0.005m | €0.09m | ▲ 17× |
| Taxes450/3 | - | €0.005m | €0.008m | €0.02m | €0.003m | €0.09m | ▲ 32× |
| Remuneration and social security454/9 | - | €0.003m | €0.002m | €0.003m | €0.003m | €0.003m | ▼ 0.3% |
| Other amounts payable47/48 | - | - | - | €34 | €0.003m | €0.006m | ▲ 88.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.04m | €0.05m | €0.05m | €0.06m | €0.02m | €0.8m | ▲ 45× |
| + Depreciation and write-downs630 | €0.006m | €0.007m | €0.007m | €0.007m | €0.002m | €0.002m | ▲ 20.5% |
| Operating cash flow (approximation) | €0.05m | €0.06m | €0.05m | €0.07m | €0.02m | €0.8m | ▲ 42× |
| Investment in fixed assets (approximation) | - | -€0.001m | -€0.001m | -€0.001m | -€0.004m | -€1.4m | ▼ 39,633% |
| Change in cash | - | -€0.02m | €0.05m | €0.07m | €0.004m | €0.6m | ▲ 149× |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Filings with the National Bank (6)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 24-08-2026 | 2026-00417943 | |
| 31-12-2024 | micro format | 09-05-2025 | 2025-00092473 | |
| 31-12-2023 | micro format | 10-06-2024 | 2024-00118538 | |
| 31-12-2022 | micro format | 30-06-2023 | 2023-00180534 | |
| 31-12-2021 | micro format | 27-06-2022 | 2022-20095032 | |
| 31-12-2020 | micro format | 12-08-2021 | 2021-48100019 |
Board & ownership
Directors
Owners and capital
Owners
Network & group
Board mandates elsewhere
1 board mandateCompanies at the same address
1 other companyConnections & network
1 current directorThe board mandates are listed under Board mandates elsewhere. The network lets you explore the same ties.
Timeline
Acts, filings and financial milestones
12-11
Gazette deed
Capital & shares · Amendment of the articlesCapital contribution · Share issue · Declaration12 points ▸
- General meeting, 30-10-2025
- Capital contribution, mentioned 2 times in the deed
- Share issue, 198, “zelfde rechten en voordelen als aan de op heden bestaande aandelen” (deed in Dutch)
- Declaration, “pre-emption rights, inbreng in natura betreft en geen inbreng in geld” (deed in Dutch)
- Other provision, 22-08-2025
- Other provision, 21-08-2025
- Other provision, “waardering voor de volle 100% van de aandelen, valuation conclusion 100%” (deed in Dutch)
- Other provision, “waardering voor de volle 100% van de aandelen na uitkering overtollige cash, valuation conclusion after dividend” (deed in Dutch)
- Other provision, “strikt vertrouwelijk en kan enkel gebruikt worden in het kader van de verleende opdracht, confidentiality” (deed in Dutch)
- Other provision, “exemption from auditor report, heer Peter Leyns is bedrijfsrevisor” (deed in Dutch)
- Power of attorney, mentioned 2 times in the deed
- Other provision, “approval of coordinated statutes, keurt de gecoördineerde tekst van de statuten goed” (deed in Dutch)
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the addresses
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 44028B0106/00F000 | Flanders | 934 m² | 1 · 143 m² | 7.3 m · 1 |
| 44013B0188/00F000 | Flanders | 585 m² | 1 · 112 m² | 11.2 m · 2 |