COGEMA
InactiveCOGEMA was declared bankrupt on 13-09-2022 (Ondernemingsrechtbank Antwerpen, afdeling Turnhout); the bankruptcy was closed by liquidation by judgment of 12-09-2023, published in the Belgian State Gazette on 25-09-2023.
Summary
Inactive; last annual accounts for fiscal year 2021.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2022, 4 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2022 close31-07-2023 deadline30-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 26-07-2022, 5 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
5 d early
2020
11 d late
2019
56 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 3 accounts on average 21 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
Financials · fiscal year 2021, abbreviated schema
Turnover
€30,000▲ 150%
2019 · €12,000
EBIT margin
36.6%▲ 84.2pp
2019 · -47.6%
Net result
-€1.0m▲ 73.8%
2020 · -€3.9m
Working capital
-€4.5m▼ 115%
2020 · -€2.1m
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
Line2018201920202021
Turnover€156,000-€12,000▼ 92.3%€30,000▲ 150%
Operating result€117,763--€5,714€10,986-€3.5m
Net result€43,300--€1.1m-€3.9m▼ 250%-€1.0m▲ 73.8%
EBIT margin75.5%--47.6%▼ 123.1pp36.6%▲ 84.2pp
Equity€1.3m-€242,994▼ 81.9%-€3.6m-€4.6m▼ 28.0%
Total assets€5.3m-€4.3m▼ 19.7%€464,057▼ 89.1%€11,717▼ 97.5%
Debt€4.0m-€4.0m▲ 1.5%€4.1m▲ 1.6%€4.6m▲ 13.7%
Working capital-€2.2m--€2.1m▲ 7.2%-€2.1m▼ 1.0%-€4.5m▼ 115%
Why a figure moved sharply
- 2021 Net result +74% on 2020. The accounts now follow the abbreviated schema, last year the full schema.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2021: a loss of €3.5m after €10,986 in 2020, the lowest result in the available series.
Key figures and ratios
Current ratio
0.00▼
2020 · 0.05
Debt to equity
-1.00▼
2020 · -0.52
Debt ≤ 1 year
€4.5m▲
2020 · €2.2m
Debt > 1 year
€150,000▼
2020 · €1.9m
Income taxes
€1,172▼
2020 · €1,255
A ratio outside any meaningful range has been withheld (balance sheet total €11,717, equity -€4.6m).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Turnover70 | €156,000 | €12,000 | €30,000 | - | - |
| Non-recurring operating income76A | - | - | - | €8,000 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,811 | €1,811 | €0 | - | - |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €56,500 | - |
| Other operating charges640/8 | - | - | - | €2,873 | - |
| Non-recurring operating charges66A | - | - | - | €3.4m | - |
| Gross operating margin9900 | - | - | - | €2,459 | - |
| Operating profit (loss)9901 | €117,763 | -€5,714 | €10,986 | -€3.5m | ▼ 31,783% |
| Financial income75/76B | - | - | - | €2.5m | - |
| Recurring financial income75 | - | €0 | €9 | €0 | ▼ 100% |
| Non-recurring financial income76B | - | - | - | €2.5m | - |
| Financial charges65/66B | - | - | - | €11,041 | - |
| Recurring financial charges65 | €73,430 | €49,435 | €37,037 | €11,041 | ▼ 70.2% |
| Debt charges650 | €73,238 | €49,184 | €36,716 | - | - |
| Non-recurring financial charges66B | - | - | - | €0 | - |
| Profit (loss) for the period before taxes9903 | €44,333 | -€1.1m | -€3.9m | -€1.0m | ▲ 73.8% |
| Income taxes67/77 | €1,032 | €1,147 | €1,255 | €1,172 | ▼ 6.6% |
| Profit (loss) for the period9904 | €43,300 | -€1.1m | -€3.9m | -€1.0m | ▲ 73.8% |
| Profit (loss) for the period to be appropriated9905 | €43,300 | -€1.1m | -€3.9m | -€1.0m | ▲ 73.8% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €5.3m | €4.3m | €464,057 | €11,717 | ▼ 97.5% |
| Fixed assets21/28 | €5.2m | €4.2m | €353,400 | €0 | ▼ 100% |
| Tangible fixed assets22/27 | €1,811 | €0 | - | - | - |
| Financial fixed assets28 | €5.2m | €4.2m | €353,400 | €0 | ▼ 100% |
| Current assets29/58 | €69,020 | €73,565 | €110,657 | €11,717 | ▼ 89.4% |
| Stocks and contracts in progress3 | - | €0 | €0 | - | - |
| Amounts receivable within one year40/41 | €65,416 | €69,848 | €106,148 | €10,221 | ▼ 90.4% |
| Trade receivables40 | - | - | - | €714 | - |
| Other amounts receivable41 | - | - | - | €9,507 | - |
| Cash at bank and in hand54/58 | €525 | €1,456 | €1,020 | €87 | ▼ 91.5% |
| Deferred charges and accrued income490/1 | - | - | - | €1,409 | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €5.3m | €4.3m | €464,057 | €11,717 | ▼ 97.5% |
| Equity10/15 | €1.3m | €242,994 | -€3.6m | -€4.6m | ▼ 28.0% |
| Contributions10/11 | €1.3m | €1.3m | - | €1.3m | - |
| Reserves13 | €78,621 | €4,500 | €4,500 | €4,500 | = |
| Non-distributable reserves130/1 | - | - | - | €4,500 | - |
| Reserves not available under the articles1311 | - | - | - | €4,500 | - |
| Profit (loss) carried forward14 | - | -€1.0m | -€4.9m | -€5.9m | ▼ 20.7% |
| Amounts payable17/49 | €4.0m | €4.0m | €4.1m | €4.6m | ▲ 13.7% |
| Amounts payable after more than one year17 | €1.7m | €1.9m | €1.9m | €150,000 | ▼ 92.0% |
| Financial debts170/4 | - | - | - | €150,000 | - |
| Amounts payable within one year42/48 | €2.3m | €2.1m | €2.2m | €4.5m | ▲ 104% |
| Financial debts43 | - | - | - | €76,267 | - |
| Credit institutions430/8 | - | - | - | €76,267 | - |
| Trade debts44 | €18,560 | €6,681 | €354 | €2,862 | ▲ 709% |
| Suppliers440/4 | - | - | - | €2,862 | - |
| Taxes, remuneration and social security45 | - | - | - | €2,949 | - |
| Taxes450/3 | - | - | - | €2,949 | - |
| Other amounts payable47/48 | - | - | - | €4.4m | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €43,300 | -€1.1m | -€3.9m | -€1.0m | ▲ 73.8% |
| + Depreciation and write-downs630 | €1,811 | €1,811 | €0 | - | - |
| Operating cash flow (approximation) | €45,111 | -€1.1m | -€3.9m | -€1.0m | ▲ 73.8% |
| Investment in fixed assets (approximation) | - | €1.0m | €3.8m | €353,400 | ▼ 90.8% |
| Change in cash | - | €931 | -€436 | -€933 | ▼ 114% |
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
2023
25-09
Bankruptcy
Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Antwerpen, afdeling Turnhout · event 12-09-2023
2022
19-09
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Turnhout · event 13-09-2022
26-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
11-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 11 days late
2020
31-12
Financial
Weakest financial yearnet -€3.9m
Net result drops to -€3.9m, the lowest in the series.
25-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 56 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 29 days late
2018
14-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 14 days late
2017
25-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 25 days late
2016
29-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 29 days late
2015
29-07
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
2014
11-08
NBB filing
Annual accounts filed
fiscal year 2013 · full schema · 11 days late
2013
08-07
NBB filing
Annual accounts filed
fiscal year 2012 · full schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
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
Insolvency mandates
2 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | PAUL VAN ROMPAEY ZANDBERG 19, 2260 WESTERLO- |
13-09-2022 → 12-09-2023 |
| Curator | NIELS FEYTONS ZANDBERG 19,
2260 WESTERLO |
13-09-2022 → 12-09-2023 |
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2021 list no shareholders, and no other source names one.
Holdings 1
-
100%
According to the 2021 annual accounts of COGEMA and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.