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COGENERYS

Active
Public limited companyfounded 201610 yrs activeRue Emile Francqui 1, 1435 Mont-Saint-Guibert, BelgiumKBO/BCE: BE 0660.593.457
Summary

COGENERYS has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €321,539 and a net result of €48,597. Equity is shrinking by ~6% per year across the filed fiscal years. Its solvency ranks better than 42% of 330 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Risk analysisWatch ReportCompare
COGENERYSActiveChecked score 94/100
Risk analysis ReportCompare

Overview

Activity
Production of electricity from non-renewable sources
NACE 35110
6 sites
Size
€1.3mtotal assets 2025
Equity
€321,539
Profit
€48,597
Financial health
94 Excellent Checked score 2025
Bankruptcy chance 12 m
0.1%
Structure
Parent
CHROMA IMPACT INVESTMENT · 100%
Accounts 7 d early0 of 9 deeds read
Why 94- 6 establishment units+ Size: total assets €1.3m+ Figures for FY 2025 (filed 24-07-2026)+ Legal form Public limited companyShow the evidence

Checked score

Score 2025
94 / 100
Excellent
Probability in this band: under 0.55%
Better than 50% of its sector peers (NACE 35, micro)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Strong
Solvency 50+2
equity 25.1% of total assets
Liquidity 59+9
short-term debt 14.0% · cash 8.8%
Profitability 73-6
return on assets 3.8%
Bankruptcy probability, 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (535 companies)
Last 24 months 11-2024: 0.1% 12-2024: 0.1%▼ -4.2% vs 11-2024 01-2025: 0.1%▼ -1.4% vs 12-2024 02-2025: 0.1%▲ +0.7% vs 01-2025 03-2025: 0.1%● 0.0% vs 02-2025 04-2025: 0.2%▲ +14.6% vs 03-2025 05-2025: 0.2%▲ +13.4% vs 04-2025 06-2025: 0.2%▲ +11.2% vs 05-2025 07-2025: 0.3%▲ +37.4% vs 06-2025highest value 08-2025: 0.1%▼ -57.7% vs 07-2025 09-2025: 0.1%● 0.0% vs 08-2025 10-2025: 0.1%● 0.0% vs 09-2025 11-2025: 0.1%● 0.0% vs 10-2025 12-2025: 0.1%● 0.0% vs 11-2025 01-2026: 0.1%▼ -5.2% vs 12-2025 02-2026: 0.1%▲ +0.9% vs 01-2026 03-2026: 0.1%▲ +3.6% vs 02-2026 04-2026: 0.1%▲ +14.0% vs 03-2026 05-2026: 0.1%▲ +8.5% vs 04-2026 06-2026: 0.2%▲ +17.7% vs 05-2026 07-2026: 0.2%▲ +31.9% vs 06-2026 08-2026: 0.1%▼ -55.7% vs 07-2026lowest value 09-2026: 0.1%● 0.0% vs 08-2026lowest value 10-2026: 0.1%● 0.0% vs 09-2026lowest value
  • Size: total assets €1.3m lowers the probability for this profile
  • Figures for FY 2025 (filed 24-07-2026) lowers the probability
  • Legal form Public limited company lowers the probability
  • 6 establishment units raises the probability
Credit up to €30,000 at 30 days acceptable
Liquidity tight (current ratio 1.3 against 1.21 in 2024; short-term debt: 14% and cash: 8.8% of total assets), and 74.9% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 35, micro). Better than this share of them on solvency 40%, liquidity 56%, profitability 66%, growth against the median 39%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Size: total assets €1.3m
In the bankruptcy model this factor lowers the probability for this profile.
NBB · annual accounts
lowers risk · Figures for FY 2025 (filed 24-07-2026)
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
lowers risk · Legal form Public limited company
In the bankruptcy model this factor lowers the probability.
KBO
raises risk · 6 establishment units
In the bankruptcy model this factor raises the probability.
KBO · seat and establishments
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 24-07-2026, 7 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
7 d early
2024
8 d early
2023
33 d early
2022
49 d early
2021
39 d early
2020
45 d early
2019
44 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 32 days before the deadline; the sector median for financial year 2024 is 22 days before the deadline, and 27% of the sector filed late.

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. Usually files around 29 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
03-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2025 · abbreviated…
  2. Annual accounts filedfiscal year 2024 · full…
  3. Highest result since 2018net €120,540 ▲38%

Key points

  • Caution: Result fell in 2025from €120,540 to €48,597 ▼ 59.7% View
  • Positive: Always filed on timeaccounts within the deadline every year 8 years View
  • Controlled by CHROMA IMPACT INVESTMENT 100% View
  • Positive: 5 profitable years in a rowprofit 2025: €48,597 5 years View

By topic

Financials

Fiscal year
2025
Total assets
€1.3m
Profit
€48,597
Solvency
25.1%
Total assets▼ 16.3%
Net result
20182025
Go to Financials

Timeline

Events
13
Since
2017
Next accounts
by 31-07-2027
  1. 24-07-2026Annual accounts filed
  2. 23-07-2025Annual accounts filed
  3. 31-12-2024Highest result since 2018
Go to Timeline

Company details

Sites
6
Legal form
Public limited company
Activity
Production of electricity from non-renewable sourcesNACE 35110
Founded
01-08-2016
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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