Subsidiaries and holdings
- MEGA CONCEPT
- ONE RETAIL50%
- M. DE CLERCQ30.47%
COGEBRU
ActiveSummary
COGEBRU has been active since 1987 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €404,912 and a net result of €7.0m. Equity has been shrinking by about 2.5% per year since 2018. Its solvency ranks better than 16% of 5,795 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
Official details
Source: KBO- Status
- Active since 02-02-1987 Normal situation
- Registered office
- 302 active companies are registered at this address 24 started in the 12 months before. Source: KBO register, as of 3 November 2026.
- Activity
- Renting and operating of own or leased residential real estate, excluding social housing NACE 68201and 1 other
- Establishment unit
- 2.033.284.997 1170 Watermaal-Bosvoorde, since 24-03-1987
- Financial year end
- 31 December
- Peppol
- Reachable since 19-12-2025
Board and ownership
Board
- BARON INVESTMENTSDirector · permanent representative BARON Ramy
Shareholders
- BARON INVESTMENTS100%· score 982025 annual accounts of BARON INVESTMENTS
- Holdings
- Shares in 5 companies including VINCA and VISHA
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.1%
Annual accounts 2025
- Gross margin
- €299,805
- ▼ 73.7%
- Turnover
- ≈ €340,000
- estimated
- Profit
- €7.0m
- ▲ 666%
- Equity
- €404,912
- ▼ 96.2%
- Total assets
- €13.7m
- ▼ 40.9%
- 2025 accounts filed 28 days after the deadline
Score breakdownraises riskLiquidity: current ratio 0.31, cash €311,312Equity €404,912 (3.0% of total assets)lowers riskSize: total assets €13.7mFigures for financial year 2025 (filed on 01-09-2026)Show the evidence
Checked score
Score 2025
91
/ 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 28% of medium-sized companies in real estate (NACE 68)
Financial strength · tick: 2024
Weak
Solvency
28-43
equity 3.0% of total assets
Liquidity
25-26
short-term debt 54.9% · cash 2.3%
Profitability
61+10
return on assets 50.8%
Bankruptcy probability within 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.2%▲ +0.1 percentage points vs 06-2025
08-2025: 0.2%● unchanged vs 07-2025
09-2025: 0.3%▲ +0.1 percentage points vs 08-2025highest value
10-2025: < 0.1%▼ -0.3 percentage points vs 09-2025lowest value
11-2025: < 0.1%● unchanged vs 10-2025lowest value
12-2025: < 0.1%● unchanged vs 11-2025lowest value
01-2026: < 0.1%● unchanged vs 12-2025lowest value
02-2026: < 0.1%● unchanged vs 01-2026
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: < 0.1%● unchanged vs 03-2026
05-2026: < 0.1%● unchanged vs 04-2026
06-2026: < 0.1%● unchanged vs 05-2026
07-2026: < 0.1%● unchanged vs 06-2026
08-2026: 0.1%▲ +0.1 percentage points vs 07-2026
09-2026: 0.1%● unchanged vs 08-2026
10-2026: 0.1%● unchanged vs 09-2026
11-2026: 0.1%● unchanged vs 10-2026
Credit of up to €35,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.31 (1.97 in 2024), below 1. Short-term debt is 54.9% and cash 2.3% of total assets. 97% of the assets are financed with debt and provisions.
Calculation
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 68, medium-sized). It does better than 20% of them on solvency, 19% on liquidity, 69% on profitability and 6% on growth.
The bankruptcy probability was computed on 02-11-2026 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.
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).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 5795 sector peers (2025).
NBB · sector comparisonPosition among 5795 sector peers
Solvency
better than 16%
← weakest
strongest →
raises risk · 2025 accounts filed 28 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
28 days late
2024
29 days late
2023
2 days early
2022
on the day
2021
31 days late
2020
31 days late
2019
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 17 days after the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 28 August (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
03-11-2026 today31-12-2026 year end31-07-2027 deadline
Key points
Recent changes
- · Gazette deed Reappointment: BARON INVESTMENTS (sole director)Permanent representative: BARON Ramy
- · Gazette deed Incorporation
Companies linked to COGEBRU
Comparable companies
These companies have the same main activity as COGEBRU: renting and operating of own or leased residential real estate, excluding social housing (NACE 68201). They are comparable in size and age: total assets between €10m and €18m, founded between 1983 and 1997.
| Company | Total assets | Gross margin |
|---|---|---|
| COGEBRU Watermaal-Bosvoorde | €13.7m | €0.3m |
| Société Financière de Tervueren Sint-Pieters-Woluwe | €15.5m | €0.3m |
| COBRA INVEST Brussel | €10.8m | €0.3m |
| SOLIERES CONSEIL Elsene | €17.7m | €0.3m |
| SOCIETE ANONYME DE WARFUSEE Ukkel | €10.3m | €0.3m |
| BUDDING Brussel | €15.8m | €0.4m |
| H ET J Ukkel | €10.0m | €0.2m |
Key facts about COGEBRU
- What is the company number of COGEBRU?
- The company number of COGEBRU is 0430.418.296. The VAT number is the same number with BE in front: BE 0430.418.296.
- Where is COGEBRU based?
- The registered office is at Terhulpsesteenweg 177, 1170 Watermaal-Bosvoorde.Company details
- What does COGEBRU do?
- According to the KBO register, the main activity is renting and operating of own or leased residential real estate, excluding social housing (NACE 68201).
- What is the legal form of COGEBRU?
- The legal form of COGEBRU is Public limited company (NV).
- When was COGEBRU founded?
- COGEBRU was founded on 02-02-1987.
- Is COGEBRU still active?
- Yes, COGEBRU is an active enterprise in the KBO register.
- What is the turnover of COGEBRU?
- The turnover in financial year 2025 is ≈ €340,000. This figure is estimated from the gross margin of €299,805 and 38 comparable companies (NACE 68201). It probably lies between €300,000 and €370,000.Financials
- Is COGEBRU profitable?
- In financial year 2025, COGEBRU made a profit of €7.0m.
- Where can I find the annual accounts of COGEBRU?
- COGEBRU filed 39 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of COGEBRU due?
- COGEBRU must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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