Cogefimo
ActiveSummary
Cogefimo has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.70M and a net result of €186k. Equity remains stable across the filed fiscal years (±2% per year). Its solvency ranks better than 92% of 3200 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability75▲+21
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €300k at 30 days acceptable
Liquidity ample (current ratio 33.62 against 21.9 in 2024; short-term debt: 2.9% and cash: 1.4% of total assets), and 2.9% of the assets are financed with debt.
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Signals
Seven 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 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
97.1%
Return on assets
4.9%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 02-07-2026, 29 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
29 d early
2024
61 d early
2023
54 d early
2022
87 d early
2021
96 d early
2020
92 d early
2019
92 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Accepting this client? The AML file with identity, beneficial owners and sanctions lists.AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed Roughly what is this company worth?Value indication
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€186k▼ 35.5%
2024 · €288k
Working capital
€3.64M▼ 10.7%
2024 · €4.08M
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€-53k€-69k▼ 31.3%€30k€4k▼ 85.7%€-23k
Net result€911k▲ 484%€-671k€649k€288k▼ 55.6%€186k▼ 35.5%
Equity€4.31M▲ 13.7%€3.46M▼ 19.7%€4.02M▲ 16.2%€4.18M▲ 3.9%€3.70M▼ 11.3%
Total assets€4.55M▲ 17.2%€3.75M▼ 17.5%€4.23M▲ 12.7%€4.37M▲ 3.4%€3.82M▼ 12.7%
Debt€235k▲ 167%€293k▲ 24.4%€209k▼ 28.7%€195k▼ 6.4%€112k▼ 42.8%
Working capital€4.01M▲ 17.0%€3.22M▼ 19.8%€3.85M▲ 19.6%€4.08M▲ 6.0%€3.64M▼ 10.7%
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €23k after €4k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.82M
Fixed assets
€63k ▼ 36.7%
Current assets
€3.75M ▼ 12.2%
Equity and liabilities €3.82M
Equity
€3.70M ▼ 11.3%
Debt
€112k ▼ 42.8%
Debt's share of the balance-sheet total falls from 4.5% to 2.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
€31k▼
2024 · €83k
Cash flow
€239k▼
2024 · €367k
Current ratio
33.62▲
2024 · 21.90
Debt to equity
0.03▼
2024 · 0.05
ROE
5.0%▼
2024 · 6.9%
ROA
4.9%▼
2024 · 6.6%
Interest coverage
106.61▲
2024 · -0.47
Debt ≤ 1 year
€112k▼
2024 · €195k
Income taxes
€19k▼
2024 · €29k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €476 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €73k | €73k | €79k | €79k | €53k | ▼ 32.3% |
| Other operating charges640/8 | €9k | €10k | €11k | €10k | €10k | ▼ 2.3% |
| Gross operating margin9900 | €29k | €14k | €121k | €94k | €41k | ▼ 56.5% |
| Operating profit (loss)9901 | €-53k | €-69k | €30k | €4k | €-23k | ▼ 627% |
| Financial income75/76B | €1.06M | €109k | €157k | €135k | €228k | ▲ 69.3% |
| Recurring financial income75 | €1.06M | €109k | €157k | €135k | €228k | ▲ 69.3% |
| Financial charges65/66B | €4k | €685k | €-502k | €-178k | €288 | ▲ 100% |
| Recurring financial charges65 | €4k | €685k | €-502k | €-178k | €288 | ▲ 100% |
| Profit (loss) for the period before taxes9903 | €1.00M | €-646k | €689k | €317k | €205k | ▼ 35.4% |
| Income taxes67/77 | €91k | €26k | €40k | €29k | €19k | ▼ 35.2% |
| Profit (loss) for the period9904 | €911k | €-671k | €649k | €288k | €186k | ▼ 35.5% |
| Profit (loss) for the period to be appropriated9905 | €911k | €-671k | €649k | €288k | €186k | ▼ 35.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €4.55M | €3.75M | €4.23M | €4.37M | €3.82M | ▼ 12.7% |
| Fixed assets21/28 | €304k | €245k | €173k | €99k | €63k | ▼ 36.7% |
| Tangible fixed assets22/27 | €303k | €245k | €173k | €99k | €63k | ▼ 36.8% |
| Land and buildings22 | €207k | €157k | €109k | €61k | €51k | ▼ 16.8% |
| Plant, machinery and equipment23 | €83k | €62k | €42k | €21k | €14 | ▼ 99.9% |
| Furniture and vehicles24 | €13k | €25k | €22k | €18k | €12k | ▼ 31.5% |
| Financial fixed assets28 | €238 | €238 | €238 | €238 | €238 | = |
| Current assets29/58 | €4.24M | €3.51M | €4.06M | €4.27M | €3.75M | ▼ 12.2% |
| Stocks and contracts in progress3 | €484 | €501 | €429 | €462 | - | - |
| Stocks30/36 | €484 | €501 | €429 | €462 | - | - |
| Amounts receivable within one year40/41 | €62k | €68k | €56k | €12k | €59k | ▲ 373% |
| Trade receivables40 | €62k | €68k | €56k | €538 | €9k | ▲ 1,624% |
| Other amounts receivable41 | €43 | - | - | €12k | €49k | ▲ 316% |
| Current investments50/53 | €2.01M | €3.22M | €3.82M | €4.10M | €3.64M | ▼ 11.4% |
| Cash at bank and in hand54/58 | €2.17M | €223k | €175k | €158k | €53k | ▼ 66.4% |
| Deferred charges and accrued income490/1 | €2k | €2k | - | - | €6k | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €4.55M | €3.75M | €4.23M | €4.37M | €3.82M | ▼ 12.7% |
| Equity10/15 | €4.31M | €3.46M | €4.02M | €4.18M | €3.70M | ▼ 11.3% |
| Contributions10/11 | €62k | €62k | €62k | €62k | €62k | = |
| Capital10 | €62k | €62k | €62k | €62k | €62k | = |
| Issued capital100 | €62k | €62k | €62k | €62k | €62k | = |
| Reserves13 | €2.17M | €1.99M | €2.55M | €2.70M | €2.23M | ▼ 17.5% |
| Non-distributable reserves130/1 | €6k | €6k | €6k | €6k | €6k | = |
| Legal reserve130 | €6k | €6k | €6k | €6k | €6k | = |
| Distributable reserves133 | €2.16M | €1.98M | €2.54M | €2.70M | €2.22M | ▼ 17.6% |
| Profit (loss) carried forward14 | €2.08M | €1.41M | €1.41M | €1.41M | €1.41M | = |
| Amounts payable17/49 | €235k | €293k | €209k | €195k | €112k | ▼ 42.8% |
| Amounts payable within one year42/48 | €233k | €293k | €209k | €195k | €112k | ▼ 42.8% |
| Trade debts44 | €51k | €135k | €48k | €12k | €1k | ▼ 90.4% |
| Suppliers440/4 | €51k | €135k | €48k | €12k | €1k | ▼ 90.4% |
| Taxes, remuneration and social security45 | €81k | €3k | €22k | - | €2k | - |
| Taxes450/3 | €81k | €3k | €22k | - | €2k | - |
| Other amounts payable47/48 | €101k | €155k | €139k | €184k | €108k | ▼ 41.0% |
| Accrued charges and deferred income492/3 | €2k | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €911k | €-671k | €649k | €288k | €186k | ▼ 35.5% |
| + Depreciation and write-downs630 | €73k | €73k | €79k | €79k | €53k | ▼ 32.3% |
| Operating cash flow (approximation) | €984k | €-598k | €728k | €367k | €239k | ▼ 34.8% |
| Investment in fixed assets (approximation) | - | €-15k | €-7k | €-5k | €-17k | ▼ 227% |
| Change in cash | - | €-1.95M | €-48k | €-17k | €-105k | ▼ 507% |
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
Next filing, fiscal year 2026, expected by
2026
02-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-05
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
07-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Back to profitnet €649k
Net result €649k after one loss-making year.
05-05
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Weakest financial yearnet €-671k
Net result drops to €-671k, the lowest in the series; recovery starts the following year.
26-04
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Highest result since 2018net €911k ▲484%
Net result €911k, the highest in the series.
30-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Liquidity triplescurrent ratio 41.07
Current ratio from 14.24 to 41.07; short-term debt falls from €230k to €86k.
30-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
18-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
05-05
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 12 acts read
About the unread acts
We know of 12 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
12 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, Oudergem · 2 establishment units since 1992
Ground area
2,423 m²
Building footprint
515 m²
Volume, LiDAR
3,138 m³
2 parcels, Brussels, Flanders · tallest building 10.7 m, ±3 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
2 establishment units
COGEFIMO SA
since 19922.055.780.782
Karel Van Lorreinenlaan(Wez.) 52, 3080 Tervuren
since 19992.055.780.881
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24302G0013/00D000 | Flanders | 2,030 m² | 1 · 380 m² | 8.3 m · 2 fl. |
| 21332E0017/00P002 | Brussels | 394 m² | 1 · 134 m² | 10.7 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.
Recognitions · licences · registrations
Legal Entity Identifier
549300HOUTIAK0FIRT14
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Of 82,632 companies in sector 70200 we hold annual accounts for 52,587. 13,803 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded18-12-1991
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.