Equity
Debts exceed assets in financial year 2025.
Debts exceed assets in financial year 2025.
Lower solvency than 87% of companies in sports and recreation. Sector median 27.7% · 2,882 companies.
Negative equity caps the score at 59.
The dashed line is the sector median: 0.3% across 4,271 companies (NACE 93, micro).
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 93, micro). It does better than 9% of them on solvency, 48% on liquidity and 7% on profitability.
The bankruptcy probability was computed on 10-11-2026 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.
The probability rests on the annual accounts with balance sheet date 30-06-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
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).
In July 2024, 1,322 companies had the same profile as COCON GROUP has now. Each dot stands for 4 companies, two years later.
The bankruptcy probability of COCON GROUP itself is lower: 0.4% within 12 months. It rests on far more data about COCON GROUP than the profile alone.
The method was tested on the 497,448 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 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 1,322 companies, not a prediction for COCON GROUP. 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.
Liquidity is insufficient, with a current ratio of 0.6, below 1. Short-term debt is 167.9% and cash 76.7% of total assets. Equity is negative.
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 GROUP Beveren-Kruibeke-Zwijndrecht | €6,452 | -€9,050 | -67.9% | - |
| COREVIA Ixelles | €5,388 | -€2,552 | 44.5% | - |
| Perssonal Ghent | €10,562 | -€18,917 | -44.2% | - |
| ADVENTOR Brussels | €7,232 | -€2,854 | 100.0% | - |
| DARK LAND Charleroi | €5,985 | -€2,314 | 26.6% | - |
| VWP Group Evergem | €8,610 | -€4,205 | -41.5% | - |
| STUDIO TIME Etterbeek | €3,440 | -€1,777 | 21.0% | - |
These companies have the same main activity as COCON GROUP: fitness centres (NACE 93130). They are comparable in size and age: total assets between €3,440 and €10,600, founded between 2023 and 2025.
COCON GROUP has been active since 2025 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€4,381) and a net result of -€9,381.
Its solvency ranks better than 12% of 2,882 sector peers (NACE 93, financial year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
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