COCOON-STRUCT
ActiveSummary
The computed 12-month bankruptcy probability of COCOON-STRUCT is 9.8% (elevated). The 2025 annual accounts show negative equity (-€22,415) and a net result of -€12,658. Equity is shrinking by about 37% per year across the filed financial years. Its solvency ranks better than 7% of 2,771 sector peers (NACE 41, financial year 2025). The company has been active since 2017 and the Belgian Official Gazette contains no insolvency signals. The KBO does carry 1 administrative register entry (see administrative flags).
Overview
- Equity
- -€22,415
- Loss
- -€12,658
- GOUVART Flavien Jacky DominiqueDirector
Why 30raises riskNegative equity -€22,415Sector: Construction of residential and non-residential buildings (NACE 41)Ex-officio strike-off in the KBOLast filed accounts filed 31 days late; 2 of the last 3 lateShow the evidence
Checked score
About 1 in 10 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 41, micro): better than 7% on solvency, 22% on liquidity, 13% on profitability and 4% on growth.
The bankruptcy probability was computed on 25-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 48 days after the deadline; the sector median (NACE 41) for financial year 2024 is on the deadline day, and 46% of those companies filed late.
Searched, nothing found (1)
- Annual accounts filedfinancial year 2025 · abbreviated…
- Registered office · Legal-form change ·…Resignation: GOUVART Flavien Jacky Dominique…
- Address struckKBO administration
Financials · financial year 2025, abbreviated format
2025 annual accounts filed late (31 days) 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, 2026-00499240.
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result stays negative: a loss of €8,016 in 2025 against €21,344 in 2024; the loss shrinks.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 41, Construction of residential and non-residential buildings: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Peer companies
Historical observationOf the 6,007 companies that looked in July 2024 the way this one looks now, 7.9% went bankrupt within 24 months and 82.9% are still going.
- Micro
- 5 to 10 years old
- negative equity
- a loss of 10% of the balance sheet or more
A further 0.9% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 9.8% 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 497,475 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% | 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 6,007 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €534 | €1,739 | €6,790 | €31,645 | €40,504 | ▲ 28.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,692 | €3,219 | €3,312 | €3,042 | €1,231 | €882 | €5,459 | €12,464 | ▲ 128% |
| Other operating charges640/8 | - | - | - | €8,407 | €1,532 | €1,581 | €2,672 | €4,075 | ▲ 52.5% |
| Gross operating margin9900 | €39,682 | €45,352 | €20,308 | €28,938 | €5,550 | €35,373 | €18,432 | €49,027 | ▲ 166% |
| Operating profit (loss)9901 | €16,521 | €2,997 | -€5,627 | €16,955 | €1,047 | €26,120 | -€21,344 | -€8,016 | ▲ 62.4% |
| Financial income75/76B | - | - | - | - | €54 | - | €0 | €28 | ▲ 70× |
| Recurring financial income75 | €1 | €0 | €28 | - | €54 | - | €0 | €28 | ▲ 70× |
| Financial charges65/66B | - | - | - | €6,554 | €13,718 | €5,116 | €1,915 | €4,589 | ▲ 140% |
| Recurring financial charges65 | €2,017 | €2,150 | €508 | €6,554 | €13,718 | €5,116 | €1,915 | €4,589 | ▲ 140% |
| Profit (loss) for the period before taxes9903 | €14,505 | €847 | -€6,108 | €10,400 | -€12,617 | €21,004 | -€23,258 | -€12,576 | ▲ 45.9% |
| Income taxes67/77 | €3,600 | €500 | €400 | €7,063 | €1,052 | €8,115 | - | €81 | - |
| Profit (loss) for the period9904 | €10,905 | €347 | -€6,508 | €3,337 | -€13,669 | €12,889 | -€23,258 | -€12,658 | ▲ 45.6% |
| Profit (loss) for the period to be appropriated9905 | €10,905 | €347 | -€6,508 | €3,337 | -€13,669 | €12,889 | -€23,258 | -€12,658 | ▲ 45.6% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €53,141 | €50,987 | €40,317 | €51,169 | €18,880 | €50,458 | €114,211 | €95,208 | ▼ 16.6% |
| Fixed assets21/28 | €11,134 | €6,887 | €4,243 | €1,201 | €1,540 | €3,648 | €56,458 | €45,306 | ▼ 19.8% |
| Tangible fixed assets22/27 | €10,771 | €6,524 | €4,243 | €1,201 | €1,540 | €3,332 | €56,142 | €44,990 | ▼ 19.9% |
| Plant, machinery and equipment23 | - | - | - | €585 | €1,268 | €2,750 | €40,174 | €31,518 | ▼ 21.5% |
| Furniture and vehicles24 | - | - | - | €616 | €272 | €581 | €15,968 | €13,473 | ▼ 15.6% |
| Financial fixed assets28 | €363 | €363 | - | - | - | €316 | €316 | €316 | = |
| Current assets29/58 | €42,006 | €44,100 | €36,074 | €49,968 | €17,340 | €46,810 | €57,753 | €49,902 | ▼ 13.6% |
| Stocks and contracts in progress3 | - | €2,500 | - | - | - | - | - | - | - |
| Amounts receivable within one year40/41 | €38,177 | €33,826 | €26,740 | €39,516 | €15,930 | €36,061 | €53,004 | €37,018 | ▼ 30.2% |
| Trade receivables40 | - | - | - | €38,328 | €8,995 | €24,854 | €48,109 | €35,998 | ▼ 25.2% |
| Other amounts receivable41 | - | - | - | €1,188 | €6,935 | €11,208 | €4,895 | €1,020 | ▼ 79.2% |
| Cash at bank and in hand54/58 | €3,829 | €7,774 | €9,334 | €10,453 | €1,410 | €10,749 | €4,749 | €12,884 | ▲ 171% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €53,141 | €50,987 | €40,317 | €51,169 | €18,880 | €50,458 | €114,211 | €95,208 | ▼ 16.6% |
| Equity10/15 | €17,105 | €17,452 | €10,944 | €14,281 | €612 | €13,501 | -€9,757 | -€22,415 | ▼ 130% |
| Contributions10/11 | €6,200 | €6,200 | - | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €1,000 | €1,020 | €1,020 | €1,020 | €1,020 | €1,020 | €1,020 | €1,020 | = |
| Non-distributable reserves130/1 | - | - | - | €1,020 | €1,020 | €1,020 | €1,020 | €1,020 | = |
| Reserves not available under the articles1311 | - | - | - | €1,020 | €1,020 | €1,020 | €1,020 | €1,020 | = |
| Profit (loss) carried forward14 | €9,905 | €10,232 | €3,724 | €7,061 | -€6,608 | €6,281 | -€16,977 | -€29,635 | ▼ 74.6% |
| Amounts payable17/49 | €36,036 | €33,535 | €29,373 | €36,888 | €18,268 | €36,957 | €123,969 | €117,623 | ▼ 5.1% |
| Amounts payable after more than one year17 | - | - | - | - | €4,342 | - | €40,670 | €47,582 | ▲ 17.0% |
| Financial debts170/4 | - | - | - | - | €4,342 | - | €40,670 | €47,582 | ▲ 17.0% |
| Amounts payable within one year42/48 | €24,850 | €33,535 | €29,373 | €36,888 | €13,926 | €32,167 | €83,299 | €70,041 | ▼ 15.9% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €4,879 | €4,342 | €15,259 | €20,578 | ▲ 34.9% |
| Trade debts44 | €18,648 | €16,884 | €25,064 | €31,188 | €8,000 | €20,830 | €59,898 | €30,416 | ▼ 49.2% |
| Suppliers440/4 | - | - | - | €31,188 | €8,000 | €20,830 | €59,898 | €30,416 | ▼ 49.2% |
| Taxes, remuneration and social security45 | - | - | - | €4,525 | €1,047 | €6,994 | €8,142 | €9,080 | ▲ 11.5% |
| Taxes450/3 | - | - | - | €4,525 | €1,047 | €5,919 | €5,919 | €8,779 | ▲ 48.3% |
| Remuneration and social security454/9 | - | - | - | - | - | €1,076 | €2,223 | €301 | ▼ 86.5% |
| Other amounts payable47/48 | - | - | - | €1,175 | - | - | - | €9,968 | - |
| Accrued charges and deferred income492/3 | - | - | - | - | - | €4,790 | - | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €10,905 | €347 | -€6,508 | €3,337 | -€13,669 | €12,889 | -€23,258 | -€12,658 | ▲ 45.6% |
| + Depreciation and write-downs630 | €5,692 | €3,219 | €3,312 | €3,042 | €1,231 | €882 | €5,459 | €12,464 | ▲ 128% |
| Operating cash flow (approximation) | €16,597 | €3,566 | -€3,195 | €6,379 | -€12,438 | €13,771 | -€17,799 | -€194 | ▲ 98.9% |
| Investment in fixed assets (approximation) | - | €1,028 | -€668 | €0 | -€1,570 | -€2,990 | -€58,270 | -€1,312 | ▲ 97.7% |
| Change in cash | - | €3,945 | €1,560 | €1,119 | -€9,043 | €9,339 | -€6,000 | €8,134 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (8)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | abbreviated format | 31-08-2026 | 2026-00499240 |
| 31-12-2024 | full format | 28-10-2025 | 2025-00551312 |
| 31-12-2023 | full format | 30-08-2024 | 2024-00434663 |
| 31-12-2022 | full format | 30-08-2023 | 2023-00403410 |
| 31-12-2021 | full format | 31-08-2022 | 2022-20406641 |
| 31-12-2020 | full format | 29-09-2021 | 2021-69100347 |
| 31-12-2019 | full format | 07-10-2020 | 2020-60600473 |
| 31-12-2018 | full format | 26-08-2019 | 2019-51500169 |
Similar companies · same sector and region
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| GOUVART Flavien Jacky Dominique |
|
Owners and capital
Capital and shareholders
- 21-08-2026 Capital stated in the deed · 100 shares
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
21-08
Gazette deed
Registered office · Legal-form change · Resignations & appointmentsResignation: GOUVART Flavien Jacky Dominique (manager) · Appointment: GOUVART Flavien Jacky Dominique (administrateur non statutaire) · Incorporation24 facts ▸
- General meeting, 08-07-2026
- Incorporation, 17-10-2017
- Other provision, “président,secrétaire et scrutateur, bureau” (deed in French)
- Capital
- Other provision, “ordre du jour, adapter statuts aux dispositions du Code des sociétés et des associations” (deed in French)
- Other provision, “ordre du jour, supprimer compte de capitaux propres statutairement indisponible et mettre à disposition pour distributions futures” (deed in French)
- Other provision, “ordre du jour, transfert du siège” (deed in French)
- Other provision, “ordre du jour, adoption nouveaux statuts en concordance avec Code des sociétés et des associations,sans modification de l’objet” (deed in French)
- Other provision, “ordre du jour, mission à Maître Sophie van RAEMDONCK,notaires associés à Genappe(Glabais),établir et déposer coordination des statuts” (deed in French)
- Other provision, “ordre du jour, démission et renouvellement du gérant comme administrateur” (deed in French)
- Other provision, “ordre du jour, adresse du siège” (deed in French)
- Other provision, “convocations et quorum, tous actionnaires présents ou représentés” (deed in French)
- +12 further facts in this act
About the unread acts
Of the 3 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 25 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 0683.465.265
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
2 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 25059C0003/00Y008 | Wallonia | 2,165 m² | 1 · 262 m² | 8.9 m · 2 |
| 25098B0266/00G000 | Wallonia | 970 m² | 1 · 66 m² | - |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “À la construction,la transformation,l’aménagement,la rénovation,le parachèvement de bâtiments à usages privés,publics,commerciaux et…” (deed in French)
9 activities (deed in French)
- À la construction,la transformation,l’aménagement,la rénovation,le parachèvement de bâtiments à usages privés,publics,commerciaux et industriels,comprenant notamment les travaux de carrelage,étanchéité de construction,de couvertures métalliques et non métalliques,de maçonnerie et de béton,de démolitions,de vitrage,de zinguerie,de menuiserie et de charpenterie,de plafonnage et cimentage,d’installations de chauffage central,de sanitaires et plomberie,d’électricité,tous travaux de terrassement et d’égouttages
- À l'étude et la réalisation de tous travaux de construction,publics et privés,en qualité d'entrepreneur général ou en sous-traitance,la conception et la construction de tous bâtiments et édifices,l'étude et la réalisation de décorations tant intérieures qu'extérieures
- À l'entretien,la rénovation,les travaux de réparations,d'embellissements,de renouvellement et de modernisation,et la maintenance de tous les types d'ouvrages d'art,de biens immeubles,et plus généralement toutes opérations se rapportant directement ou indirectement aux secteurs des travaux publics et privés et du bâtiment
- La prestation de conseils et d'assistance tant au point de vue technique qu'administratif et commercial à toutes sociétés et entreprises,pour tout ce qui concerne le secteur des biens immobiliers;l'acquisition de tous terrains,la construction de tous bâtiments publics et particuliers,l'achat,la vente,la location,la division et le lotissement de tous immeubles
- À la prise en considération de tous travaux concernant la distribution de l'eau,du gaz,de l'électricité,etc.,à l'établissement et l'exploitation de tous moyens de transport,ports,canaux,routes,etc
- À l'achat,la vente,la location,l'importation,l'exportation de tous matériaux,marchandises,appareils et outillages nécessaires aux travaux de construction,d'entretien,de maintenance,de réparation et de renouvellement des ouvrages d'art et bâtiments
- Au dépannage de véhicules
- À la préparation,la rédaction et la conclusion en tant que mandataire ou pour compte propre,de tous marchés de travaux publics ou privés ou de fourniture et faite toutes opérations se rattachant à ces objets,et généralement toutes opérations commerciales,industrielles,mobilières,immobilières ou financières se rattachant directement ou indirectement à l'industrie des travaux publics et privés
- Toutes opérations industrielles et commerciales,financières et civiles,mobilières et immobilières ayant un rapport direct ou indirect avec son objet et pouvant en faciliter directement ou indirectement,entièrement ou partiellement,la réalisation
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- COCOON-STRUCT
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région wallonne, sièges administratifs,agences,ateliers,dépôts,succursales en Belgique et étranger par simple décision organe…” (deed in French)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Each director alone
- Board ruleHow the board is made up, meets and takes decisions.
- “Avec ou sans limitation, assemblée_qui_nomme” (deed in French)
Capital, shares and profit
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Moitié_cédant_moitié_acquéreurs_proportionnellement_si_plusieurs, nullité” (deed in French)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Last Thursday of June at 19:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Tout_temps_par_assemblée_générale_formes_modifications_statuts” (deed in French)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Administrateurs_en_fonction_désignés_par_statuts_si_aucun_autre_désigné, désigner_un_ou_plusieurs_déterminer_pouvoirs_émoluments” (deed in French)