COGECODE
ActiveSummary
COGECODE has been active since 1985 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €143,972 and a net result of €49,728. Equity is growing by about 11% per year across the filed financial years. Its solvency ranks better than 59% of 9,627 sector peers (NACE 82, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
- Equity
- €143,972
- Profit
- €49,728
- DEFOSSEZ MarieDirector
Why 94raises riskLast filed accounts filed 31 days late; 2 of the last 3 latelowers riskLiquidity: current ratio 1.28, cash €72,417Founded in 1985Equity €143,972 (61.2% of total assets)Show the evidence
Checked score
Fewer than 1 in 1,000 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 82, micro): better than 61% on solvency, 65% on liquidity, 69% on profitability and 21% 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).
Credit check for your own amount and term
Show the recommended maximum and see how the verdict changes with amount, term and advance.
Signals
This company filed its last 7 accounts on average 45 days after the deadline; the sector median (NACE 82) for financial year 2024 is 7 days before the deadline, and 35% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Highest result from 2018 to 2025net €49,728 ▲10%
- Annual accounts filedfinancial year 2024 · micro…
Financials · financial year 2025, micro 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, 2026-00456450.
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result has risen four years in a row; 2025 is 9% above 2024 and is the highest result in the available series.
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 82, Office administrative, office support and other business support activities: 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 31,373 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 93.5% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.1% 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 31,373 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 | - | - | - | €1,528 | - | - | €1,519 | €1,527 | ▲ 0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €23,467 | €21,139 | €14,273 | €14,597 | €15,681 | €15,950 | €15,537 | €22,205 | ▲ 42.9% |
| Other operating charges640/8 | - | - | - | €1,792 | €1,862 | €2,407 | €1,509 | €1,641 | ▲ 8.7% |
| Gross operating margin9900 | €57,146 | €79,549 | €63,645 | €50,437 | €53,899 | €56,298 | €79,968 | €92,477 | ▲ 15.6% |
| Operating profit (loss)9901 | -€1,031 | €8,177 | €27,607 | €32,520 | €36,355 | €37,941 | €61,403 | €67,104 | ▲ 9.3% |
| Financial income75/76B | - | - | - | €2,975 | €2,975 | €2,975 | €2,727 | €2,979 | ▲ 9.2% |
| Recurring financial income75 | €2,980 | €3,008 | €2,991 | €2,975 | €2,975 | €2,975 | €2,727 | €2,979 | ▲ 9.2% |
| Financial charges65/66B | - | - | - | €265 | €265 | €371 | €248 | €183 | ▼ 26.1% |
| Recurring financial charges65 | €701 | €561 | €93 | €265 | €265 | €371 | €248 | €183 | ▼ 26.1% |
| Profit (loss) for the period before taxes9903 | €1,248 | €10,624 | €30,506 | €35,231 | €39,065 | €40,545 | €63,882 | €69,899 | ▲ 9.4% |
| Income taxes67/77 | €1,396 | €3,474 | €9,100 | €12,328 | €11,464 | €15,405 | €18,674 | €20,171 | ▲ 8.0% |
| Profit (loss) for the period9904 | -€148 | €7,150 | €21,406 | €22,903 | €27,602 | €25,140 | €45,208 | €49,728 | ▲ 10.0% |
| Transfer from tax-exempt reserves789 | - | - | - | €15,596 | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | -€148 | €7,150 | €21,406 | €38,499 | €27,602 | €25,140 | €45,208 | €49,728 | ▲ 10.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €199,692 | €147,019 | €169,001 | €173,623 | €177,520 | €214,630 | €208,267 | €235,341 | ▲ 13.0% |
| Fixed assets21/28 | €126,775 | €110,211 | €95,938 | €110,187 | €94,506 | €81,046 | €65,510 | €118,001 | ▲ 80.1% |
| Tangible fixed assets22/27 | €126,775 | €110,211 | €95,938 | €110,187 | €94,506 | €81,046 | €65,510 | €118,001 | ▲ 80.1% |
| Land and buildings22 | - | - | - | €66,325 | €59,338 | €52,352 | €45,366 | €38,380 | ▼ 15.4% |
| Plant, machinery and equipment23 | - | - | - | €43,862 | €35,167 | €28,694 | €20,143 | €18,262 | ▼ 9.3% |
| Furniture and vehicles24 | - | - | - | - | - | - | - | €61,359 | - |
| Current assets29/58 | €72,918 | €36,808 | €73,063 | €63,436 | €83,014 | €133,583 | €142,757 | €117,340 | ▼ 17.8% |
| Amounts receivable within one year40/41 | €27,778 | €27,979 | €17,768 | €4,672 | €19,723 | €23,349 | €19,548 | €44,923 | ▲ 130% |
| Trade receivables40 | - | - | - | - | €13,579 | €20,754 | €12,358 | €44,923 | ▲ 264% |
| Other amounts receivable41 | - | - | - | €4,672 | €6,145 | €2,595 | €7,190 | - | - |
| Cash at bank and in hand54/58 | €45,140 | €8,828 | €55,294 | €58,764 | €63,291 | €110,038 | €123,209 | €72,417 | ▼ 41.2% |
| Deferred charges and accrued income490/1 | - | - | - | - | - | €197 | - | - | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €199,692 | €147,019 | €169,001 | €173,623 | €177,520 | €214,630 | €208,267 | €235,341 | ▲ 13.0% |
| Equity10/15 | €93,966 | €101,116 | €122,522 | €145,425 | €173,026 | €198,166 | €180,644 | €143,972 | ▼ 20.3% |
| Contributions10/11 | €64,452 | €64,452 | - | €64,452 | €64,452 | €64,452 | €14,796 | €14,796 | = |
| Reserves13 | €19,188 | €25,576 | €46,976 | €69,379 | €96,379 | €121,379 | €159,700 | €123,000 | ▼ 23.0% |
| Non-distributable reserves130/1 | - | - | - | €3,979 | €3,979 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €3,979 | €3,979 | - | - | - | - |
| Distributable reserves133 | - | - | - | €65,400 | €92,400 | €121,379 | €159,700 | €123,000 | ▼ 23.0% |
| Profit (loss) carried forward14 | €10,326 | €11,088 | €11,094 | €11,593 | €12,195 | €12,334 | €6,148 | €6,176 | ▲ 0.5% |
| Amounts payable17/49 | €105,726 | €45,903 | €46,479 | €28,199 | €4,493 | €16,464 | €27,623 | €91,370 | ▲ 231% |
| Amounts payable after more than one year17 | €68,271 | €15,000 | €15,000 | - | - | - | - | - | - |
| Amounts payable within one year42/48 | €37,456 | €30,903 | €31,479 | €28,199 | €4,493 | €16,464 | €27,623 | €91,370 | ▲ 231% |
| Trade debts44 | €4,527 | €6,657 | €4,706 | €1,219 | €659 | €573 | €24 | €1,175 | ▲ 50× |
| Suppliers440/4 | - | - | - | €1,219 | €659 | €573 | €24 | €1,175 | ▲ 50× |
| Taxes, remuneration and social security45 | - | - | - | €2,526 | €3,834 | €15,891 | €21,599 | €16,811 | ▼ 22.2% |
| Taxes450/3 | - | - | - | €2,502 | €3,834 | €12,019 | €13,557 | €16,811 | ▲ 24.0% |
| Remuneration and social security454/9 | - | - | - | €24 | - | €3,871 | €8,042 | - | - |
| Other amounts payable47/48 | - | - | - | €24,454 | - | - | €6,000 | €73,384 | ▲ 12× |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€148 | €7,150 | €21,406 | €22,903 | €27,602 | €25,140 | €45,208 | €49,728 | ▲ 10.0% |
| + Depreciation and write-downs630 | €23,467 | €21,139 | €14,273 | €14,597 | €15,681 | €15,950 | €15,537 | €22,205 | ▲ 42.9% |
| Operating cash flow (approximation) | €23,319 | €28,289 | €35,679 | €37,499 | €43,283 | €41,090 | €60,744 | €71,934 | ▲ 18.4% |
| Investment in fixed assets (approximation) | - | -€4,575 | €0 | -€28,846 | €0 | -€2,491 | €0 | -€74,697 | - |
| Change in cash | - | -€36,312 | €46,466 | €3,470 | €4,526 | €46,747 | €13,171 | -€50,791 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 41 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 31-08-2026 | 2026-00456450 |
| 31-12-2024 | micro format | 29-08-2025 | 2025-00436564 |
| 31-12-2023 | micro format | 22-09-2024 | 2024-00467540 |
| 31-12-2022 | micro format | 19-08-2023 | 2023-00336097 |
| 31-12-2021 | micro format | 30-08-2022 | 2022-20346607 |
| 31-12-2020 | micro format | 30-09-2021 | 2021-69200151 |
| 31-12-2019 | micro format | 31-10-2020 | 2020-67200336 |
| 31-12-2018 | micro format | 30-09-2019 | 2019-66500044 |
| 31-12-2017 | micro format | 31-08-2018 | 2018-55500288 |
| 31-12-2016 | micro format | 30-08-2017 | 2017-50800169 |
Similar companies · same sector, comparable size
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 |
|---|---|
| DEFOSSEZ Marie |
|
| DEFOSSEZ Jacques |
|
Owners and capital
Capital and shareholders
- 20-12-2023 Converted to unavailable equity
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
20-12
Gazette deed
Resignations: DEFOSSEZ Jacques (manager) and DEFOSSEZ Marie (manager)Appointment: DEFOSSEZ Marie (director) · Permanent representative: DEFOSSEZ Marie · Capital16 facts ▸
- Capital
- Other provision, “ordre du jour, Modification de la dénomination sociale” (deed in French)
- General meeting, “unanimité des voix par vote distinct, actionnaires présents conformes aux statuts” (deed in French)
- Name change, COGECODE
- Purpose change
- Amendment of the articles (2 times)
- Capital conversion, “compte de capitaux propres statutairement indisponible” (deed in French)
- Reserve release, “suppression du compte de capitaux propres statutairement indisponible, rendre ces fonds disponibles pour distribution” (deed in French)
- Director resignation, DEFOSSEZ Jacques (manager)
- Director resignation, DEFOSSEZ Marie (manager)
- Director discharge, DEFOSSEZ Jacques
- Director discharge, DEFOSSEZ Marie
- +4 further facts in this act
Show earlier events
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 26 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 55040A0072/00X000 | Wallonia | 328 m² | 1 · 98 m² | 9.1 m · 2 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Toutes les activités d'aide et de soutien tant aux entreprises qu'aux aux particuliers : la consultance, le conseil, le coaching, la…” (deed in French)
9 activities (deed in French)
- Toutes les activités d'aide et de soutien tant aux entreprises qu'aux aux particuliers : la consultance, le conseil, le coaching, la gestion, l'organisation, les services administratifs, l'enseignement et la formation, l'entretien et la décoration de locaux, l'organisation d'évènements.
- La gestion temporaire ou permanente de sociétés et/ou d'associations et peut accepter et exercer un mandat d'administrateur, de gérant, de liquidateur, dans toutes sociétés ou associations, quel que soit leur objet social ou leur but.
- La mise à disposition de locaux sous forme de locations, pour toutes opérations relatives à l'hébergement de type long ou court, l'évènementiel, aux activités sportives, récréatives et de loisirs, à la réception de touristes, d'hommes d'affaires et autres voyageurs.
- Toutes les activités d'intermédiaire commercial au sens le plus large, l'achat, la vente, l'importation, l'exportation, la location, le courtage, la création, la conception, la fabrication, la réparation, l'entretien, la distribution et la représentation d'articles divers et variés.
- Toutes activités se rapportant directement ou indirectement à la dispensation de soins de santé telles que généralement dispensés par les infirmiers et infirmières à domicile ou à la résidence des patients, au cabinet du praticien, en centre de jour, milieu hospitalier ou psychiatrique, maison de repos ou convalescence de personnes âgées et/ou handicapées. Sont comprises les techniques de manucure, pédicure ainsi que toutes celles connexes actuelles ou à venir, et toutes autres activités intéressant la profession d'infirmier, et notamment l'achat, la vente, la location, la distribution de tous appareils ou produits de soins de santé et accessoires de bien-être et de protection, en ce compris la faculté de recevoir toutes sommes provenant de la dispensation de soins de toutes personnes ou tous organismes.
- Toutes les activités relevant de l'agriculture, de l'horticulture et l'élevage d'animaux.
- La réalisation, pour son compte propre, de toutes opérations financières, mobilières, foncières et immobilières liées à la gestion de son patrimoine et notamment : l'achat, la vente, l'échange, la construction, la reconstruction, la démolition, la transformation, l'exploitation et la location dont l'emphytéose de tous immeubles bâtis, meublés ou non ; l'achat, la vente, l'échange, la mise en valeur, le lotissement, l'exploitation, la location et l'affermage de tous immeubles non bâtis ; donner à bail ses installations et exploitations ou le donner à gérer à des tiers en tout ou en partie.
- Accomplir tous actes et toutes opérations généralement quelconques, mobilières ou immobilières se rapportant directement ou indirectement à son objet social et notamment s'intéresser par tous moyens, par voie d'association, de souscription, de participations, d'acquisition, de cession, d'apport et de fusion ou autrement dans toutes sociétés ou entreprises existantes ou à créer, en Belgique ou à l'étranger, et dont l'objet serait analogue ou connexe au sien ou qui serait de nature à favoriser le développement de son activité dans le cadre de son objet.
- Constituer toute hypothèque ou toute autre sûreté réelle sur les biens sociaux ou se porter caution au profit des tiers.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- COGECODE
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- One provision in the deed
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.
- “Un ou plusieurs administrateurs, personnes physiques ou morales actionnaires ou non” (deed in French)“1, Sixième résolution” (deed in French)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- 2 provisions in the deed
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Pli recommandé, mentionné notification initiale ou contestation prix expert” (deed in French)
- Share issue ruleHow and by whom new shares can be issued.
- One provision in the deed
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Third Monday of May at 18:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Comme en matière de modification des statuts, assemblée générale” (deed in French)“Dissolution en tout temps par décision de l'assemblée délibérant dans les formes des modifications aux statuts, Article 27” (deed in French)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Article 28, faculté de l'assemblée de désigner liquidateurs et déterminer pouvoirs et émoluments” (deed in French)“Clôture immédiate de la liquidation en un seul acte, Article 30” (deed in French)