COCOON CONCEPT
ActiveSummary
COCOON CONCEPT has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (-€70,031) and a net result of €15,299. Equity is shrinking by ~27.1% per year across the filed fiscal years. Its solvency ranks better than 9% of 19374 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability76▲+2
Solvency0=
Growth58=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.44 against 0.18 in 2023; short-term debt: 91.2% and cash: 3.9% of total assets), and equity is negative.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
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 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% 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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
-27.6%
Return on assets
6%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 9% of 19374 sector peers (2024).
NBB · sector comparisonPosition among 19374 sector peers
Solvency
better than 9%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
29 d late
2023
51 d late
2022
413 d late
2021
704 d late
2020
1035 d late
2019
1385 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 603 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
-€70,031▲ 17.9%
2023 · -€85,331
Total assets
€253,889▲ 35.5%
2023 · €187,332
Net result
€15,299▲ 99.1%
2023 · €7,685
Working capital
-€129,051▲ 6.3%
2023 · -€137,657
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate 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
Line20202021202220232024
Operating result€8,308▲ 15.3%-€1,906€6,109€9,164▲ 50.0%€19,364▲ 111%
Net result€2,417within the sector's middle half▼ 54.1%-€51,072below the sector's middle half-€38,396below the sector's middle half▲ 24.8%€7,685within the sector's middle half€15,299within the sector's middle half▲ 99.1%
Equity-€3,548below the sector's middle half▲ 40.5%-€54,620below the sector's middle half▼ 1,439%-€93,016below the sector's middle half▼ 70.3%-€85,331below the sector's middle half▲ 8.3%-€70,031below the sector's middle half▲ 17.9%
Total assets€189,154within the sector's middle half▼ 1.0%€175,139within the sector's middle half▼ 7.4%€178,401within the sector's middle half▲ 1.9%€187,332within the sector's middle half▲ 5.0%€253,889within the sector's middle half▲ 35.5%
Debt€159,843▼ 2.2%€197,737▲ 23.7%€249,388▲ 26.1%€251,470▲ 0.8%€303,565▲ 20.7%
Working capital-€28,485within the sector's middle half▼ 7.6%-€85,518below the sector's middle half▼ 200%-€144,272below the sector's middle half▼ 68.7%-€137,657below the sector's middle half▲ 4.6%-€129,051below the sector's middle half▲ 6.3%
Solvency-1.9%below the sector's middle half▲ 1.2pp-31.2%below the sector's middle half▼ 29.3pp-52.1%below the sector's middle half▼ 21.0pp-45.6%below the sector's middle half▲ 6.6pp-27.6%below the sector's middle half▲ 18.0pp
Current ratio0.40below the sector's middle half▲ 0.040.11below the sector's middle half▼ 0.290.08below the sector's middle half▼ 0.030.18below the sector's middle half▲ 0.100.44within the sector's middle half▲ 0.26
Return on assets (ROA)1.3%within the sector's middle half▼ 1.5pp-29.2%below the sector's middle half▼ 30.4pp-21.5%below the sector's middle half▲ 7.6pp4.1%within the sector's middle half▲ 25.6pp6.0%within the sector's middle half▲ 1.9pp
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2021 the operating result has climbed three years in a row; 2024 is 111% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €253,889
Fixed assets
€151,464 ▼ 3.1%
Current assets
€102,426 ▲ 230%
Key figures and ratios
EBITDA
€28,259▲
2023 · €18,419
Cash flow
€24,194▲
2023 · €16,941
Debt to equity
-4.33▼
2023 · -2.95
Interest coverage
14.64▲
2023 · 8.56
Debt ≤ 1 year
€231,477▲
2023 · €168,651
Debt > 1 year
€71,769▼
2023 · €81,967
Income taxes
€2,972▲
2023 · €164
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,795 companies that looked in July 2024 the way this one looks now, 2.7% went bankrupt within 24 months and 92% are still going.
- Micro
- 20 years or older
- negative equity
- a profit of 5% of the balance sheet or more
2.7%
went bankrupt
5.3%
stopped otherwise
92%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 3,795 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,776 | €5,776 | €6,264 | €9,255 | €8,895 | ▼ 3.9% |
| Other operating charges640/8 | €2,509 | €2,516 | €3,942 | €2,703 | €4,387 | ▲ 62.3% |
| Gross operating margin9900 | €16,592 | €6,385 | €16,315 | €21,123 | €32,646 | ▲ 54.6% |
| Operating profit (loss)9901 | €8,308 | -€1,906 | €6,109 | €9,164 | €19,364 | ▲ 111% |
| Financial income75/76B | €0 | €0 | €0 | €0 | €1 | ▲ 592% |
| Recurring financial income75 | €0 | €0 | €0 | €0 | €1 | ▲ 592% |
| Financial charges65/66B | €6,727 | €9,780 | €5,032 | €2,151 | €1,931 | ▼ 10.2% |
| Recurring financial charges65 | €6,727 | €9,780 | €5,032 | €2,151 | €1,931 | ▼ 10.2% |
| Profit (loss) for the period before taxes9903 | €1,581 | -€11,686 | €1,077 | €7,013 | €17,435 | ▲ 149% |
| Transfer from deferred taxes780 | €837 | €837 | €9,994 | €837 | €837 | = |
| Income taxes67/77 | €0 | €40,223 | €49,467 | €164 | €2,972 | ▲ 1,707% |
| Profit (loss) for the period9904 | €2,417 | -€51,072 | -€38,396 | €7,685 | €15,299 | ▲ 99.1% |
| Transfer from tax-exempt reserves789 | €2,510 | €2,510 | €2,510 | €2,510 | €2,510 | = |
| Transfer to tax-exempt reserves689 | - | - | €9,158 | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €4,927 | -€48,563 | -€45,044 | €10,195 | €17,809 | ▲ 74.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €189,154 | €175,139 | €178,401 | €187,332 | €253,889 | ▲ 35.5% |
| Fixed assets21/28 | €170,429 | €164,653 | €165,239 | €156,338 | €151,464 | ▼ 3.1% |
| Tangible fixed assets22/27 | €170,429 | €164,653 | €165,239 | €156,338 | €151,464 | ▼ 3.1% |
| Land and buildings22 | €170,429 | €164,653 | €158,877 | €153,102 | €147,326 | ▼ 3.8% |
| Plant, machinery and equipment23 | - | - | - | - | €3,547 | - |
| Furniture and vehicles24 | - | - | €6,361 | €3,236 | €591 | ▼ 81.7% |
| Current assets29/58 | €18,725 | €10,486 | €13,162 | €30,994 | €102,426 | ▲ 230% |
| Amounts receivable within one year40/41 | €7,116 | €992 | €5,298 | €15,524 | €59,528 | ▲ 283% |
| Trade receivables40 | - | €918 | €3,848 | €14,183 | €55,888 | ▲ 294% |
| Other amounts receivable41 | €7,116 | €74 | €1,450 | €1,341 | €3,640 | ▲ 171% |
| Cash at bank and in hand54/58 | €11,295 | €9,172 | €7,446 | €3,608 | €9,854 | ▲ 173% |
| Deferred charges and accrued income490/1 | €315 | €322 | €418 | €11,862 | €33,044 | ▲ 179% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €189,154 | €175,139 | €178,401 | €187,332 | €253,889 | ▲ 35.5% |
| Equity10/15 | -€3,548 | -€54,620 | -€93,016 | -€85,331 | -€70,031 | ▲ 17.9% |
| Contributions10/11 | €27,888 | €27,888 | €27,888 | €27,888 | €27,888 | = |
| Reserves13 | €63,758 | €61,248 | €67,897 | €65,387 | €62,877 | ▼ 3.8% |
| Non-distributable reserves130/1 | €1,811 | €1,811 | €1,811 | €1,811 | €1,811 | = |
| Reserves not available under the articles1311 | €1,811 | €1,811 | €1,811 | €1,811 | €1,811 | = |
| Tax-exempt reserves132 | €61,947 | €59,437 | €66,086 | €63,576 | €61,067 | ▼ 3.9% |
| Profit (loss) carried forward14 | -€95,194 | -€143,757 | -€188,801 | -€178,606 | -€160,797 | ▲ 10.0% |
| Provisions and deferred taxes16 | €32,859 | €32,023 | €22,029 | €21,192 | €20,355 | ▼ 3.9% |
| Deferred taxes168 | €32,859 | €32,023 | €22,029 | €21,192 | €20,355 | ▼ 3.9% |
| Amounts payable17/49 | €159,843 | €197,737 | €249,388 | €251,470 | €303,565 | ▲ 20.7% |
| Amounts payable after more than one year17 | €111,309 | €101,733 | €91,954 | €81,967 | €71,769 | ▼ 12.4% |
| Financial debts170/4 | €111,309 | €101,733 | €91,954 | €81,967 | €71,769 | ▼ 12.4% |
| Amounts payable within one year42/48 | €47,210 | €96,004 | €157,435 | €168,651 | €231,477 | ▲ 37.3% |
| Current portion of amounts payable after more than one year42 | €9,377 | €9,576 | €9,779 | €9,987 | €10,198 | ▲ 2.1% |
| Trade debts44 | €2,742 | €34,027 | €56,019 | €4,106 | €3,586 | ▼ 12.7% |
| Suppliers440/4 | €2,742 | €34,027 | €56,019 | €4,106 | €3,586 | ▼ 12.7% |
| Taxes, remuneration and social security45 | €4,012 | - | €1,936 | €2,573 | €3,065 | ▲ 19.1% |
| Taxes450/3 | €4,012 | - | €1,936 | €2,573 | €3,065 | ▲ 19.1% |
| Other amounts payable47/48 | €31,079 | €52,400 | €89,701 | €151,986 | €214,628 | ▲ 41.2% |
| Accrued charges and deferred income492/3 | €1,324 | - | - | €852 | €319 | ▼ 62.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,417 | -€51,072 | -€38,396 | €7,685 | €15,299 | ▲ 99.1% |
| + Depreciation and write-downs630 | €5,776 | €5,776 | €6,264 | €9,255 | €8,895 | ▼ 3.9% |
| Operating cash flow (approximation) | €8,193 | -€45,297 | -€32,132 | €16,941 | €24,194 | ▲ 42.8% |
| Investment in fixed assets (approximation) | - | €0 | -€6,849 | -€355 | -€4,021 | ▼ 1,034% |
| Change in cash | - | -€2,122 | -€1,726 | -€3,838 | €6,245 | ▲ 263% |
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
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Highest result since 2018net €15,299 ▲99.1%
Operating result €19,364, net result €15,299, both a record.
20-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 51 days late
16-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 413 days late
04-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 704 days late
31-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 1035 days late
16-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 1385 days late
30-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 1735 days late
2023
31-12
Financial
Back to profitnet €7,685
Net result €7,685 after 2 loss-making years.
2021
31-12
Financial
Weakest financial yearnet -€51,072
Net result drops to -€51,072, the lowest in the series; recovery starts the following year.
2018
27-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 58 days late
2017
04-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 4 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
4 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, Sint-Pieters-Woluwe · 1 establishment unit since 1998
Ground area
560 m²
Building footprint
228 m²
Volume, LiDAR
4,141 m³
2 parcels, Brussels, Wallonia · tallest building 27.9 m, ±9 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
Rue Vandervelde 63, 6041 Charleroi
since 19982.088.821.259
2 parcels
Wallonia
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21019A0201/00L006 | Brussels | 458 m² | 1 · 132 m² | 27.9 m · 9 fl. |
| 52028E0364/00Y002 | Wallonia | 102 m² | 1 · 96 m² | 11.1 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector and region
A.D. PERFORMANCES
BE 0425.258.391
Sint-Pieters-Woluwe
A.V.J. INVEST
BE 0428.706.841
Sint-Pieters-Woluwe
ANTORIANE
BE 0729.931.037
Sint-Pieters-Woluwe
ASSET & INVESTMENT MANAGEMENT REAL ESTATE
BE 0679.845.977
Sint-Pieters-Woluwe
AZ REAL ESTATE
BE 0559.875.288
Sint-Pieters-Woluwe
This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 11,757 companies in sector 68310 we hold annual accounts for 6,914. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded08-09-1998
Fiscal year end31-12
Activities, NACEBEL 2025
68310Real estate agency activities
68322Real estate appraisal on a fee or contract basis
E-invoicing
Reachable via Peppol
Peppol ID
0208:0464084127
Also
9925:BE0464084127
Registered
10-04-2025
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.