Equity
Cocon has made a profit without a break since 2022.
Cocon has made a profit without a break since 2022.
The result rose in 2025 from €9,384 to €194,820.
The accounts state no turnover.
Pledge on other assets, new in 2025. 69.4% of equity · not in the 2024 accounts.
The 2022 accounts came latest: 31 days after the end of the period.
Higher net result than 83% of companies in real estate. Sector median €12,777 · 12,429 companies.
In July 2024, 6,780 companies had the same profile as Cocon has now. Each dot stands for 17 companies, two years later.
The method was tested on the 497,331 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,780 companies, not a prediction for Cocon. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
| Company | ||||
|---|---|---|---|---|
| Cocon Antwerp | €1.9m | €372,735 | 50.1% | - |
| ZWAAN INVEST Heist-op-den-Berg | €1.5m | €464,114 | 26.8% | - |
| Welbouw Asse | €1.8m | €298,712 | 23.0% | - |
| BOUWDESIGN Hasselt | €1.8m | €275,895 | 47.4% | - |
| VANHIL CONSTRUCT Bilzen-Hoeselt | €1.7m | €291,182 | 13.4% | - |
| HB&co Binche | €1.6m | €274,108 | 19.3% | - |
| D & V Woonprojecten Alken | €1.7m | €605,001 | 59.0% | - |
These companies have the same main activity as Cocon: development of residential building projects (NACE 68121). They are comparable in size and age: total assets between €1.5m and €1.8m, founded between 2017 and 2018.
Cocon files the abbreviated format. That format states no turnover. The gross margin rose from -€4,486 in 2018 to €372,735 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €660,000. Estimated: probably between €500,000 and €1.1m.
Higher than 67% of 12,423 companies in 2025.
Higher than 69% of 11,950 companies in 2025.
Higher than 86% of 12,326 companies in 2025.
Net result: top quarter · Equity: middle half · Balance sheet total: middle half · Working capital: top quarter
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||
20/58 |
1.9m | 3.6m | 2.5m | 3.5m | 3.5m | 3.1m | 1.5m | 604,691 | |
21/28 |
- | - | - | - | - | 1,600 | 1,600 | 400 | |
28 |
- | - | - | - | - | 1,600 | 1,600 | 400 | |
29/58 |
1.9m | 3.6m | 2.5m | 3.5m | 3.5m | 3.1m | 1.5m | 604,291 | |
3 |
1.3m | 3.5m | 2.5m | 3.4m | 3.5m | 3.0m | 1.4m | 594,871 | |
30/36 |
1.3m | 3.5m | 2.5m | 3.4m | 3.5m | 3.0m | 1.4m | 594,871 | |
40/41 |
138,865 | 45,621 | - | - | 28,000 | - | - | 9,419 | |
40 |
- | - | - | - | - | - | - | 9,418 | |
41 |
138,865 | 45,621 | - | - | 28,000 | - | - | 1 | |
50/53 |
500,000 | - | - | - | - | - | - | - | |
54/58 |
2,745 | 61,420 | 54,655 | 52,751 | 10,203 | 114,770 | 138,521 | - | |
490/1 |
- | - | 5,608 | - | 2,878 | - | - | - | |
| Balance sheet: equity and liabilities | |||||||||
10/49 |
1.9m | 3.6m | 2.5m | 3.5m | 3.5m | 3.1m | 1.5m | 604,691 | |
10/15 |
956,633 | 761,813 | 752,428 | 437,180 | 144,290 | 188,936 | 72,271 | 15,168 | |
10/11 |
28,000 | 28,000 | 28,000 | 28,000 | 28,000 | 28,000 | - | 28,000 | |
100 |
- | - | - | - | - | - | - | 28,000 | |
11 |
- | - | - | - | - | - | 28,000 | - | |
1100/10 |
- | - | - | - | - | - | 28,000 | - | |
13 |
928,633 | 733,813 | 724,428 | 409,180 | 160,936 | 160,936 | 44,271 | - | |
133 |
928,633 | 733,813 | 724,428 | 409,180 | 160,936 | 160,936 | 44,271 | - | |
14 |
- | - | - | - | -44,646 | - | - | -12,832 | |
16 |
10,000 | 10,000 | 50,000 | 50,000 | 50,000 | 50,000 | - | - | |
160/5 |
10,000 | 10,000 | 50,000 | 50,000 | 50,000 | 50,000 | - | - | |
164/5 |
10,000 | 10,000 | 50,000 | 50,000 | 50,000 | 50,000 | - | - | |
17/49 |
944,409 | 2.8m | 1.7m | 3.0m | 3.4m | 2.9m | 1.5m | 589,523 | |
17 |
30,012 | 860,377 | 513,882 | 808,365 | 1.3m | - | - | - | |
178/9 |
30,012 | 860,377 | 513,882 | 808,365 | 1.3m | - | - | - | |
42/48 |
912,717 | 2.0m | 1.2m | 2.2m | 2.0m | 2.9m | 1.4m | 589,523 | |
43 |
664,000 | 1.9m | 996,000 | 2.0m | 2.0m | 2.0m | 722,803 | 337,037 | |
430/8 |
- | - | - | - | - | 2.0m | 722,803 | 337,037 | |
439 |
664,000 | 1.9m | 996,000 | 2.0m | 2.0m | - | - | - | |
44 |
150,511 | 29,348 | 96,835 | 142,412 | 11,992 | 30,235 | 13,238 | 609 | |
440/4 |
150,511 | 29,348 | 96,835 | 142,412 | 11,992 | 30,235 | 13,238 | 609 | |
45 |
98,206 | - | 130,789 | 68,601 | 47,758 | 47,758 | 16,898 | 103 | |
450/3 |
98,206 | - | 130,789 | 68,601 | 47,758 | 47,758 | 16,898 | 103 | |
47/48 |
- | - | - | - | - | 858,982 | 674,328 | 251,775 | |
492/3 |
1,680 | 9,427 | 6,125 | 6,143 | 10,445 | 15,121 | 23,169 | - | |
| Income statement | |||||||||
9900 |
372,735 | 107,370 | 572,756 | 504,717 | 53,813 | 283,798 | 117,709 | -4,486 | |
635/8 |
- | -40,000 | - | - | - | 50,000 | - | - | |
640/8 |
3,153 | 2,048 | 1,114 | 970 | 2,399 | 548 | 1,402 | 1,694 | |
9901 |
369,582 | 145,322 | 571,642 | 503,747 | 51,414 | 233,251 | 116,306 | -6,180 | |
75/76B |
1,938 | - | 271 | 2,427 | 954 | 785 | 9 | - | |
75 |
1,938 | - | 271 | 2,427 | 954 | 785 | 9 | - | |
65/66B |
78,494 | 131,559 | 104,476 | 94,683 | 97,014 | 69,613 | 42,314 | 6,652 | |
65 |
78,494 | 131,559 | 104,476 | 94,683 | 97,014 | 69,613 | 42,314 | 6,652 | |
9903 |
293,026 | 13,764 | 467,436 | 411,490 | -44,646 | 164,423 | 74,001 | -12,832 | |
67/77 |
98,206 | 4,379 | 152,188 | 118,601 | - | 47,758 | 16,898 | - | |
9904 |
194,820 | 9,384 | 315,249 | 292,889 | -44,646 | 116,665 | 57,103 | -12,832 | |
9905 |
194,820 | 9,384 | 315,249 | 292,889 | -44,646 | 116,665 | 57,103 | -12,832 | |
| Appropriation of the result | |||||||||
9906 |
194,820 | 9,384 | 315,249 | 248,243 | -44,646 | 116,665 | 44,271 | -12,832 | |
14P |
- | - | - | -44,646 | - | - | - | - | |
691/2 |
194,820 | 9,384 | 315,249 | 248,243 | - | 116,665 | 44,271 | - | |
6921 |
194,820 | 9,384 | 315,249 | 248,243 | - | 116,665 | 44,271 | - | |
| Document | |||||||||
The notes to these accounts have 8 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 31-08-2026.
2025 annual accounts filed 31 days after the deadline. Filed on 31 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00463617.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 31-08-2026 | 2026-00463617 | |
| 31-12-2024 | abbreviated format | 08-08-2025 | 2025-00365646 | |
| 31-12-2023 | abbreviated format | 28-08-2024 | 2024-00383082 | |
| 31-12-2022 | abbreviated format | 31-08-2023 | 2023-00405447 | |
| 31-12-2021 | abbreviated format | 30-08-2022 | 2022-20344939 | |
| 31-12-2020 | abbreviated format | 23-07-2021 | 2021-38500202 | |
| 31-12-2019 | micro format | 24-08-2020 | 2020-43300070 | |
| 31-12-2018 | micro format | 29-07-2019 | 2019-40400078 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| - | - | - | - | - | - | 1,200 | 400 | ||
| -58,675 | 6,765 | 1,905 | 42,547 | -104,567 | -23,751 | - | - | ||
| 998,325 | 1.6m | 1.3m | 1.3m | 1.5m | 252,457 | 93,840 | 14,768 | ||
| 50.1% | 21.1% | 29.6% | 12.6% | 4.1% | 6.0% | 4.7% | 2.5% | ||
| 2.09 | 1.83 | 2.08 | 1.60 | 1.77 | 1.09 | 1.07 | 1.03 | ||
| 0.70 | 0.05 | 0.05 | 0.02 | 0.02 | 0.04 | 0.10 | 0.02 | ||
| 0.99 | 3.72 | 2.32 | 6.83 | 23.25 | 15.39 | 20.07 | 38.87 | ||
| 20.4% | 1.2% | 41.9% | 67.0% | -30.9% | 61.7% | 79.0% | -84.6% | ||
| 10.2% | 0.3% | 12.4% | 8.4% | -1.3% | 3.7% | 3.8% | -2.1% |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Debts secured on the company's own assets | €664,000 | €1.9m | €996,000 | €1.7m | €2.0m |
| Mortgages, amount registered | €55,000 | €110,000 | €55,000 | €82,500 | €2.9m |
| - | €1.6m | €1.6m | €2.6m | - | |
| Carrying value of the mortgaged assets | €1.3m | €3.5m | €2.5m | €3.4m | €110,000 |
| Pledge on other assets, amount secured | €664,000 | - | - | - | - |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
The operating result for 2025 is 154% higher than in 2024. It is a recovery after the fall in 2024.
Debt's share of the balance-sheet total falls from 78.6% to 49.4%. Equity is higher and debt is lower.
Cocon has no parent and no holdings in its annual accounts.
| HEMA CONCEPT
registered office since 22-06-2009 · founded in 2009 · accounts filed late |
10 FTE (2024) 0810.690.564 |
| B & M Invest
establishment since 19-07-2018 · founded in 2018 |
total assets €841,643 (2025) 0694.936.011 |
| Genimma
registered office since 31-03-1982 · founded in 1982 |
total assets €485,245 (2025) 0422.648.202 |
| ELM
registered office since 23-05-2019 · founded in 2019 · negative equity (2025) |
total assets €125,615 (2025) 0727.444.768 |
| Cercle d'Agrément @Les Amitiés anversoises@
registered office since 28-01-1960 |
founded in 1960 0408.919.633 |
via , at Cocon until 2019 · Manager · deed of 23-02-2018 Open bankruptcy · founded in 2018 |
total assets €511,190 (2024) |
via , at Cocon until 2019 · Director · deed of 27-02-2020 founded in 2020 · negative equity (2025) |
total assets €3.9m (2025) |
via , at Cocon until 2019 · Director · deed of 25-01-2024 founded in 2018 · negative equity (2025) |
total assets €744,420 (2025) |
via , at Cocon until 2019 · Director · deed of 12-08-2026 founded in 2023 |
total assets €802,185 (2025) |
via , at Cocon until 2019 · Statutory director · deed of 19-02-2024 founded in 2015 |
total assets €423,123 (2025) |
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
All 13 environmental permit applications
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Mechelsesteenweg 1 registered office 2018 Antwerp | ||
| Boerenstraat 114 9150 Beveren-Kruibeke-Zwijndrecht | 28-09-2017 | 2.268.807.630 |
| 25-08-2025 | Granted | Bouwen of herbouwen; Slopen van niet vrijstaande gebouwen of constructies submitted 26-03-2025 · project 2025038667 | Kapellen |
| 28-11-2024 | Discontinued | Bouwen of herbouwen submitted 12-11-2024 · project 2024148899 | Kapellen |
| 12-11-2024 | Granted | Verbouwen en/of uitbreiden zonder functiewijziging en zonder wijziging van aantal woongelegenheden submitted 29-08-2024 · project 2024116866 | Kapellen |
| 28-11-2023 | Granted | Verbouwen en/of uitbreiden zonder functiewijziging en zonder wijziging van aantal woongelegenheden submitted 05-09-2023 · project 2023110562 | Beveren-Kruibeke-Zwijndrecht |
| 25-08-2023 | Granted | Verbouwen en/of uitbreiden zonder functiewijziging en met wijzigen van aantal woongelegenheden submitted 18-02-2023 · project 2023011067 | Antwerpen |
| 23-12-2022 | Granted | Verbouwen en/of uitbreiden zonder functiewijziging en zonder wijziging van aantal woongelegenheden submitted 07-09-2022 · project 2022119564 | Antwerpen |
| 28-10-2022 | Discontinued | Verbouwen en/of uitbreiden zonder functiewijziging en met wijzigen van aantal woongelegenheden submitted 28-09-2022 · project 2022127549 | Antwerpen |
| 18-07-2022 | Discontinued | Verbouwen en/of uitbreiden zonder functiewijziging en zonder wijziging van aantal woongelegenheden submitted 01-06-2022 · project 2022077550 | Antwerpen |
| 18-02-2022 | Granted | Verbouwen en/of uitbreiden zonder functiewijziging en zonder wijziging van aantal woongelegenheden submitted 07-12-2021 · project 2021186470 | Antwerpen |
| 07-05-2021 | Granted | Verbouwen en/of uitbreiden zonder functiewijziging en zonder wijziging van aantal woongelegenheden submitted 21-02-2021 · project 2021031300 | Antwerpen |
The 10 most recent of 13 applications.
Source: Omgevingsloket Vlaanderen.
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 46013C0592/00D000 | 1,604 m² | - | - |
| 11810K2743/00Y002 | 222 m² | 1 · 221 m² | 23.5 m · 7 |
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