COGEN World Coalition
The computed 12-month bankruptcy probability of COGEN World Coalition is 0.1% (very low). The 2024 annual accounts show equity of €30k and a net result of €-25k. Equity is shrinking by ~19.1% per year across the filed fiscal years. Its solvency ranks better than 95% of 1480 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €30k |
| Net result | €-25k |
| Better than sector | 95% |
| Active | 5 yrs |
Mixed profile: strong on solvency, weaker on profitability.
All 5 axes are computed from data Checked has read.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
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The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 94.5% | 50.1% | |
| Net result | €-25k | €12k | |
| Equity | €30k | €32k | |
| Gross operating margin | €-22k | €28k | |
| Total assets | €32k | €74k |
| Fiscal year | 2024 |
|---|---|
| Deposit | micro |
| Revenue | - |
| EBITDA | €-22k |
| Net profit | €-25k |
| Cash flow | €-23k |
| Staff costs | - |
| Income taxes | - |
| Dividends | - |
| Total assets | €32k |
| Equity | €30k |
| Debt | €2k |
| of which ≤ 1y | €1k |
| of which > 1y | - |
| Working capital | €29k |
| Employees (FTE) | - |
| 2024 | |
|---|---|
| Current ratio | 27.13 |
| Quick ratio | 27.13 |
| Working capital ratio | 90.7% |
| Solvency | 94.5% |
| Debt / equity | 0.06 |
| Long-term debt ratio | - |
| Interest coverage | -23.00 |
| Gross margin | - |
| Net margin | - |
| ROA | -79.3% |
| ROE | -83.8% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €32k |
| Fixed assets | 21/28 | €2k |
| Intangible fixed assets | 21 | €2k |
| Current assets | 29/58 | €30k |
| Amounts receivable within one year | 40/41 | €7k |
| Cash & bank | 54/58 | €23k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €32k |
| Equity | 10/15 | €30k |
| Contributions / capital | 10/11 | €60k |
| Accumulated profits (losses) | 14 | €-30k |
| Amounts payable | 17/49 | €2k |
| Amounts payable within one year | 42/48 | €1k |
| Trade debts payable within one year | 44 | €1k |
| Income statement | ||
| Gross operating margin | 9900 | €-22k |
| Operating result | 9901 | €-24k |
| Financial charges | 65 | €968 |
| Result before taxes | 9903 | €-25k |
| Net result for the period | 9904 | €-25k |
| Result to be appropriated | 9905 | €-25k |
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Current03-12-2025 → present
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Current30-06-2025 → present
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Current13-11-2024 → present
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Current03-06-2024 → present
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Current03-06-2024 → present
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Current03-06-2024 → present
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Current03-06-2024 → present
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Current03-06-2024 → present
-
Current24-11-2021 → present
2 events
- 19-04-2023 Appointed· Director
- 24-11-2021 Appointed· Director
Former directors (5)
-
Former- → 13-11-2024
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Former- → 03-06-2024
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Former- → 01-01-2024
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Former- → 19-04-2023
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Former- → 24-11-2021
| NACE primary | 74999 |
| Legal form | Int'l non-profit association(125) |
| Incorporation | 07-04-2021 |
| Status | Active |
| Postal code | 1040 |
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21805E0280/00K000 | Brussels | 1,079 m² | 1 · 1,071 m² | 27.5 m · 8 fl. |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
31-12-2025 1 director appointed, 1 resigning
- Paolo Masiero, Bestuurder
- Dora Adamo, Bestuurder
Technical details
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}13-08-2025 Enrico Calzavacca appointed as director
- Enrico Calzavacca, Bestuurder
Technical details
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}03-01-2025 Javier RODRÍGUEZ MORALES appointed as director
- Javier RODRÍGUEZ MORALES, Bestuurder
Technical details
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}04-10-2024 3 directors appointed, 1 resigning
- Stefan Liesner, Bestuurder
- Raimon Argemi Puigdomenech, Bestuurder
- Christian Grotholt, Bestuurder
- Marco Golinelli, Bestuurder
Technical details
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"evidence_quote": "Christian Grotholt n\u00E9 le 9 octobre 1968 \u00E0 Alstatte Jetzt Ahaus, domicili\u00E9 \u00E0 Leisnerstrasse 42, 48683 Ahaus, Allemagne, comme administrateur de l\u0027ASBL."
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}05-08-2024 2 directors appointed
- Julio Artiñano Pascual, Bestuurder
- Daniel Salazar González, Bestuurder
Technical details
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}26-02-2024 Enzo Losito Bellavigna resigns as director
- Enzo Losito Bellavigna, Bestuurder
Technical details
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"effective_date": "2024-01-01",
"evidence_quote": "Suite \u00E0 une decision urgente et rapide, les membres du Comit\u00E9 Ex\u00E9cutifs acceptent, avec effet le 1 janvier 2024. la d\u00E9mission de: Enzo Losito Bellavigna n\u00E9 le 17/03/68, domicili\u00E9 Via Della Moscova, N 40/8, Milano, Italie"
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}21-09-2023 1 director appointed, 1 resigning
- Thomas Smith, Bestuurder
- David Gardiner, Bestuurder
Technical details
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}11-03-2022 Registered office moved within Bruxelles
- Avenue des Arts 3-5, 1210 Bruxelles → rue d'Arion 80, 1040 Bruxelles
Technical details
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"city": "Bruxelles",
"region": "Brussels",
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"postcode": "1040",
"box_number": null,
"street_number": "80"
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"region": "Brussels",
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"postcode": "1210",
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"effective_date": "2021-11-24",
"evidence_quote": "Lors de l\u0027Assembl\u00E9e g\u00E9n\u00E9rale du 24 novembre 2021, il a \u00E9t\u00E9 d\u00E9cid\u00E9 que COGEN World Coalition qui \u00E9tait situ\u00E9 avenue des Arts 3-5 \u00E0 1210 Bruxelles, sera d\u00E9plac\u00E9 rue d\u0027Arion 80 \u00E0 1040 Bruxelles."
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}Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
| Legal nameFR | COGEN World Coalition |
| AbbreviationFR | CWC |