COGEFIS
ActiveCOGEFIS has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €273k and a net result of €3k. Equity remains stable across the filed fiscal years (±2.1% per year). Its solvency ranks better than 58% of 3256 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
86
/ 100
Excellent▼ -1 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability6▼-1
Solvency97▲+17
Growth78=
Stability100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €23k at 30 days acceptable
Liquidity ample (current ratio 2.13 against 1.73 in 2024), and 45.8% of the assets are financed with debt.
Credit advice for your own amount and term
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 69
Relative position
BE, all sectors
reference
Sector 69
lower
← fewer bankruptcies
more bankruptcies →
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
54.2%
Return on assets
0.6%
Age of the figures
8 mo
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
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 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
27 d late
2023
29 d late
2022
29 d late
2021
31 d late
2020
23 d late
2019
31 d late
← before the deadline
after the deadline →
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
14-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€3k▼ 13.2%
2024 · €4k
2018: €839
2019: €4k
2020: €7k
2021: €4k
2022: €8k
2023: €2k
2024: €4k
2018 → 2025
Working capital
€229k▲ 3.0%
2024 · €222k
2018: €234k
2019: €239k
2020: €239k
2021: €240k
2022: €233k
2023: €214k
2024: €222k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€245k-€253k▲ 3.1%€255k▲ 0.8%€258k▲ 1.4%€273k▲ 5.5%
Operating result€14k-€13k▼ 8.0%€14k▲ 8.3%€15k▲ 6.8%€15k▲ 4.3%
Net result€4k-€8k▲ 78.7%€2k▼ 75.0%€4k▲ 93.2%€3k▼ 13.2%
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 4% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €503k
Fixed assets
€71k▼ 19.4%
Current assets
€432k▼ 18.0%
Equity and liabilities €503k
Equity
€273k▲ 5.5%
Debt
€231k▼ 35.4%
The debt ratio falls from 58.0% to 45.8%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€43k▼
2024 · €48k
Cash flow
€31k▼
2024 · €37k
Solvency
54.2%▲
2024 · 42.0%
Current ratio
2.13▲
2024 · 1.73
Quick ratio
2.13▲
2024 · 1.73
Debt / equity
0.85▼
2024 · 1.38
ROE
1.2%▼
2024 · 1.4%
ROA
0.6%▲
2024 · 0.6%
Interest coverage
5.07▼
2024 · 7.24
Debt
€231k▼
2024 · €357k
Debt ≤ 1 year
€203k▼
2024 · €305k
Debt > 1 year
€28k▼
2024 · €53k
Income taxes
€4k▼
2024 · €5k
Staff costs
€114k▲
2024 · €105k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€615k€503k▼
Fixed assets21/28€88k€71k▼
Tangible fixed assets22/27€88k€71k▼
Plant, machinery and equipment23€8k€5k▼
Furniture and vehicles24€5k€13k▲
Other tangible fixed assets26€75k€54k▼
Financial fixed assets28€250-
Current assets29/58€527k€432k▼
Amounts receivable within one year40/41€411k€318k▼
Trade receivables40€406k€316k▼
Other amounts receivable41€5k€2k▼
Cash at bank and in hand54/58€111k€112k▲
Deferred charges and accrued income490/1€5k€2k▼
Equity and liabilities
Total equity and liabilities10/49€615k€503k▼
Equity10/15€258k€273k▲
Contributions10/11€21k€21k=
Revaluation surpluses12-€11k
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€235k€238k▲
Amounts payable17/49€357k€231k▼
Amounts payable after more than one year17€53k€28k▼
Financial debts170/4€53k€28k▼
Amounts payable within one year42/48€305k€203k▼
Current portion of amounts payable after more than one year42€25k€25k▼
Financial debts43€60k€50k▼
Credit institutions430/8€60k€50k▼
Trade debts44€187k€97k▼
Suppliers440/4€187k€97k▼
Taxes, remuneration and social security45€33k€31k▼
Taxes450/3€10k€14k▲
Remuneration and social security454/9€22k€17k▼
Income statement
Code20242025
Remuneration, social security and pensions62€105k€114k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€34k€28k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€9k€37k▲
Other operating charges640/8€17k€24k▲
Gross operating margin9900€180k€217k▲
Operating profit (loss)9901€15k€15k▲
Financial income75/76B€351€394▲
Recurring financial income75€351€394▲
Financial charges65/66B€7k€9k▲
Recurring financial charges65€7k€9k▲
Profit (loss) for the period before taxes9903€8k€7k▼
Income taxes67/77€5k€4k▼
Profit (loss) for the period9904€4k€3k▼
Profit (loss) for the period to be appropriated9905€4k€3k▼
Appropriation of the result
Profit (loss) to be appropriated9906€235k€238k▲
Profit (loss) brought forward from the previous period14P€232k€235k▲
Social balance
Average headcount (FTE)90871.81.8=
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
12-08
State Gazette act
Capital & shares · RestructuringGeneral meeting · Demerger · Net-asset statement7 facts ▸
State Gazette act
Capital & shares · Restructuring
General meeting · Demerger · Net-asset statement7 facts ▸
- General meeting, 10/07/2026
- Demerger
- Net-asset statement, 31/12/2025
- Accounting effect, 31/12/2025
- Share issue, 210, e3
- Share transfer, Arnaud ZOENEN
- Power of attorney, Olivier CALLENS
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
21-05
State Gazette act
RestructuringDemerger · Corporate purpose · Share issue10 facts ▸
State Gazette act
Restructuring
Demerger · Corporate purpose · Share issue10 facts ▸
- Demerger, scission partielle par absorption
- Corporate purpose, La société a pour objet, tant en Belgique qu'à l'étranger, pour compte propre ou compte de tiers, les activités d'un expert-comptable (et fiscal) certifié ainsi…
- Corporate purpose, La société a pour objet les activités d'un expert-comptable certifié et conseiller fiscal certifié, expert-comptable/expert-comptable fiscaliste ainsi que l'exe…
- Share issue, 210, scission partielle
- Share transfer, Arnaud ZOENEN → Olivier CALLENS
- Share transfer, Arnaud ZOENEN → COFISCAL
- Accounting effect, 2026-01-01
- Net-asset statement, 2025-12-31
- Exchange ratio, 10 actions de la SRL COGEFIS donnent droit à 1 action nouvellement émise de la SRL DARWYN EXPERTISE COMPTABLE ET FISCALE
- Ownership, 70%, 30%
2025
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 27 days late
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 29 days late
2023
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 29 days late
2022
31-12
Financial
Highest result since 2018net €8k ▲78.7%
Net result €8k, the highest in the series.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 31 days late
2021
23-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 23 days late
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 26 days late
2018
17-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 17 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2025
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
31-12-2025
ZOENEN Arnaud: Resigned as Director
31-12-2017
Daniel CALLENS: Resigned as Managing director
16-02-2014
Raphaël GILLAIN: Resigned as Managing director
Location & real-estate footprint
Registered office, Wavre · 1 establishment unit since 2010
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rue de Genval 121301 WavreGround area
2,441 m²
Building footprint
203 m²
Volume, LiDAR
1,806 m³
Parcel 25006B0099/00E000, Wallonia · tallest building 11.0 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
COGEFIS
since 20102.190.225.257
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25006B0099/00E000 | Wallonia | 2,441 m² | 1 · 203 m² | 11.0 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Acquisitions and mergers
2 transactionsReceived a contribution from:DARWYN EXPERTISE COMPTABLE ET FISCALE
Contributed a business line to:DARWYN EXPERTISE COMPTABLE ET FISCALE
Capital and shareholders
Transfer of 1,050 shares from Arnaud ZOENEN
Transfer of 315 shares from Arnaud ZOENEN to Olivier CALLENS
Transfer of 735 shares from Arnaud ZOENEN to COFISCAL
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Of 12,122 companies in sector 69201 we hold annual accounts for 7,601. 6,115 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded08-07-2010
Fiscal year end31-12
Activities, NACEBEL
69201Certified accountants and tax accountants
69202Legal and accounting activities
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.