COGAI
COGAI has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €384k and a net result of €-6k. Equity remains stable across the filed fiscal years (±2% per year). Its solvency ranks better than 87% of 8862 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
| Equity | €384k |
| Net result | €-6k |
| Better than sector | 87% |
| Active | 33 yrs |
Strong profile, led by solvency.
All 5 axes are computed from data Checked has read.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 84.1% | 31.5% | |
| Net result | €-6k | €11k | |
| Equity | €384k | €331k | |
| Gross operating margin | €-5k | €93k | |
| Total assets | €457k | €1.42M |
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Deposit | abbreviated schema | full schema | full schema | full schema |
| Revenue | - | - | - | - |
| EBITDA | - | - | - | - |
| Net profit | €-6k | €-8k | €-11k | €-9k |
| Cash flow | - | - | - | - |
| Staff costs | - | - | - | - |
| Income taxes | - | - | - | - |
| Dividends | - | - | - | - |
| Total assets | €457k | €463k | €463k | €461k |
| Equity | €384k | €390k | €398k | €409k |
| Debt | €73k | €73k | €65k | €52k |
| of which ≤ 1y | €73k | €73k | €62k | €52k |
| of which > 1y | - | - | - | - |
| Working capital | €384k | €390k | €400k | €409k |
| Employees (FTE) | - | - | - | - |
| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Current ratio | 6.30 | 6.38 | 7.41 | 8.93 |
| Quick ratio | 6.30 | 6.38 | 7.41 | 8.93 |
| Working capital ratio | 84.1% | 84.3% | 86.5% | 88.8% |
| Solvency | 84.1% | 84.3% | 86.0% | 88.8% |
| Debt / equity | 0.19 | 0.19 | 0.16 | 0.13 |
| Long-term debt ratio | - | - | - | - |
| Interest coverage | - | - | - | - |
| Gross margin | - | - | - | - |
| Net margin | - | - | - | - |
| ROA | -1.3% | -1.7% | -2.4% | -2.0% |
| ROE | -1.5% | -2.0% | -2.8% | -2.2% |
| EBITDA margin | - | - | - | - |
| Days sales outstanding | - | - | - | - |
| Days payable outstanding | 179d | 122d | 84d | 68d |
| Inventory turnover | - | - | - | - |
| Days inventory (DSI) | - | - | - | - |
Full annual accounts (17 line items)
| Line item | Code | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Balance sheet, Assets | |||||
| TOTAL ASSETS | 20/58 | €457k | €463k | €463k | €461k |
| Current assets | 29/58 | €457k | €463k | €463k | €461k |
| Amounts receivable within one year | 40/41 | - | - | €197 | - |
| Cash & bank | 54/58 | €4k | €9k | €9k | €7k |
| Balance sheet, Equity & liabilities | |||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €457k | €463k | €463k | €461k |
| Equity | 10/15 | €384k | €390k | €398k | €409k |
| Contributions / capital | 10/11 | €1.19M | €1.19M | €1.19M | €1.19M |
| Accumulated profits (losses) | 14 | €-810k | €-804k | €-796k | €-785k |
| Amounts payable | 17/49 | €73k | €73k | €65k | €52k |
| Amounts payable within one year | 42/48 | €73k | €73k | €62k | €52k |
| Trade debts payable within one year | 44 | €3k | €3k | €2k | €2k |
| Income statement | |||||
| Gross operating margin | 9900 | €-5k | €-7k | €-11k | €-8k |
| Operating result | 9901 | €-6k | €-8k | €-11k | €-9k |
| Financial charges | 65 | €85 | €85 | €85 | €85 |
| Result before taxes | 9903 | €-6k | €-8k | €-11k | €-9k |
| Net result for the period | 9904 | €-6k | €-8k | €-11k | €-9k |
| Result to be appropriated | 9905 | €-6k | €-8k | €-11k | €-9k |
-
Patrick SOLAUChairState Gazette act 24122188 (19-08-2024)Current19-08-2024 → present
| NACE primary | Development of residential building projects(68121) |
| Legal form | Private limited company(610) |
| Incorporation | 18-12-1992 |
| Status | Active |
| Postal code | 6000 |
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52011B0239/00X162 | Wallonia | 1.8 ha | 1 · 4,103 m² | 50.6 m · 7 fl. |
| 52011B0240/00B083 | Wallonia | 5,250 m² | 1 · 991 m² | 36.0 m · 11 fl. |
We know of 10 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
19-08-2024 2 directors appointed
- Patrick SOLAU, Voorzitter
- Christelle GILLES, Commissaris
Technical details
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"effective_date": "2024-07-01",
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"decisions": [
{
"body": "algemene_vergadering",
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},
{
"body": "algemene_vergadering",
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],
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"subject_company": {
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},
"co_filed_documents": [],
"corrected_publication_numac": null
}| Legal nameFR | COGAI |
| AbbreviationFR | COGAI |