COGEFISCO
ActiveCOGEFISCO has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €248k and a net result of €79k. Equity is growing by ~40.6% per year across the filed fiscal years. Its solvency ranks better than 60% of 1009 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
89
/ 100
Excellent▲ +3 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency78▼-10
Growth78=
Stability100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €22k at 30 days acceptable
Liquidity tight (current ratio 1.48 against 1.67 in 2024), and 54.9% 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
45.1%
Return on assets
14.4%
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 05-06-2026, 56 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
56 d early
2024
24 d early
2023
5 d early
2022
3 d early
2021
13 d late
2020
30 d late
2019
109 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
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€79k▲ 26.4%
2024 · €63k
2018: €4k
2019: €22k
2020: €29k
2021: €31k
2022: €17k
2023: €71k
2024: €63k
2018 → 2025
Working capital
€54k▲ 84.0%
2024 · €29k
2018: €-39k
2019: €63k
2020: €6k
2021: €22k
2022: €-48k
2023: €11k
2024: €29k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€84k-€100k▲ 20.0%€171k▲ 70.7%€234k▲ 36.7%€248k▲ 6.2%
Operating result€44k-€26k▼ 41.3%€90k▲ 252%€83k▼ 8.5%€97k▲ 17.6%
Net result€31k-€17k▼ 46.6%€71k▲ 324%€63k▼ 11.4%€79k▲ 26.4%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 18% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €551k
Fixed assets
€387k▼ 2.5%
Current assets
€164k▲ 126%
Equity and liabilities €551k
Equity
€248k▲ 6.2%
Debt
€303k▲ 28.5%
The debt ratio rises from 50.2% to 54.9%: debt grows faster than equity.
Key figures and ratios
EBITDA
€108k▲
2024 · €90k
Cash flow
€90k▲
2024 · €70k
Solvency
45.1%▼
2024 · 49.8%
Current ratio
1.48▼
2024 · 1.67
Quick ratio
1.48▼
2024 · 1.67
Debt / equity
1.22▲
2024 · 1.01
ROE
32.0%▲
2024 · 26.8%
ROA
14.4%▲
2024 · 13.4%
Interest coverage
65.66▲
2024 · 50.88
Debt
€303k▲
2024 · €236k
Debt ≤ 1 year
€111k▲
2024 · €43k
Debt > 1 year
€192k=
2024 · €192k
Income taxes
€16k▼
2024 · €18k
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€470k€551k▲
Fixed assets21/28€397k€387k▼
Intangible fixed assets21€0-
Tangible fixed assets22/27€47k€37k▼
Land and buildings22€3k€3k▼
Plant, machinery and equipment23-€744
Furniture and vehicles24€44k€33k▼
Financial fixed assets28€350k€350k=
Current assets29/58€73k€164k▲
Amounts receivable within one year40/41€53k€145k▲
Trade receivables40€34k€51k▲
Other amounts receivable41€19k€94k▲
Cash at bank and in hand54/58€18k€18k▲
Deferred charges and accrued income490/1€1k€557▼
Equity and liabilities
Total equity and liabilities10/49€470k€551k▲
Equity10/15€234k€248k▲
Contributions10/11€12k€12k=
Reserves13€175k€180k▲
Distributable reserves133€175k€180k▲
Profit (loss) carried forward14€47k€56k▲
Amounts payable17/49€236k€303k▲
Amounts payable after more than one year17€192k€192k=
Financial debts170/4€100k€100k=
Other amounts payable178/9€92k€92k=
Amounts payable within one year42/48€43k€111k▲
Current portion of amounts payable after more than one year42€0-
Trade debts44€1k€732▼
Suppliers440/4€1k€732▼
Taxes, remuneration and social security45€19k€28k▲
Taxes450/3€19k€28k▲
Remuneration and social security454/9€0€0=
Other amounts payable47/48€23k€82k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€11k▲
Other operating charges640/8€457€526▲
Non-recurring operating charges66A-€327
Gross operating margin9900€90k€108k▲
Operating profit (loss)9901€83k€97k▲
Financial income75/76B-€80
Recurring financial income75-€80
Financial charges65/66B€2k€2k▼
Recurring financial charges65€2k€2k▼
Profit (loss) for the period before taxes9903€81k€95k▲
Income taxes67/77€18k€16k▼
Profit (loss) for the period9904€63k€79k▲
Profit (loss) for the period to be appropriated9905€63k€79k▲
Appropriation of the result
Profit (loss) to be appropriated9906€107k€126k▲
Profit (loss) brought forward from the previous period14P€44k€47k▲
Transfer from equity791/2-€65k
Transfer to equity691/2€60k€70k▲
To other reserves6921€60k€70k▲
Profit to be distributed694/7-€65k
Return on contributions (dividend)694-€65k
The notes to these accounts (12 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
05-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Highest result since 2018net €79k ▲26.4%
Operating result €97k, net result €79k, both a record.
07-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Equity above €200kEq €234k ▲36.7%
7 profitable years in a row build equity to €234k.
26-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Liquidity doublescurrent ratio 1.17
Current ratio from 0.51 to 1.17; short-term debt falls from €98k to €61k.
31-12
Financial
Equity above €150kEq €171k ▲70.7%
6 profitable years in a row build equity to €171k.
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €100kEq €100k ▲20%
5 profitable years in a row build equity to €100k.
13-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 13 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
17-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 109 days late
2019
31-12
Financial
Liquidity times 46current ratio 4.80
Current ratio from 0.10 to 4.80; short-term debt falls from €43k to €17k.
25-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
14-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 14 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Chaudfontaine · 1 establishment unit since 2012
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.
Avenue des Thermes 244050 ChaudfontaineGround area
631 m²
Building footprint
125 m²
Volume, LiDAR
982 m³
Parcel 62022C0024/00R000, Wallonia · tallest building 9.9 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Avenue des Thermes 24, 4050 Chaudfontaine
since 20122.207.594.888
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62022C0024/00R000 | Wallonia | 631 m² | 1 · 125 m² | 9.9 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.
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Of 12,122 companies in sector 69201 we hold annual accounts for 7,600. 6,170 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded13-02-2012
Fiscal year end31-12
Activities, NACEBEL
69201Certified accountants and tax accountants
69202Legal and accounting activities
Sources
Crossroads Bank for EnterprisesNational Bank · 14 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.