COGEPRO
ActiveSummary
COGEPRO has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €528,317 and a net result of €206,543. Equity is growing by ~55.3% per year across the filed fiscal years. Its solvency ranks better than 47% of 2218 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability82▲+22
Solvency60▲+10
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35,000 at 30 days acceptable
Liquidity tight (current ratio 1.34 against 1.21 in 2024; short-term debt: 53.6% and cash: 13.4% of total assets), and 65.3% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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
34.7%
Return on assets
13.6%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
25 d late
2023
69 d early
2022
123 d early
2021
8 d late
2020
31 d late
2019
21 d late
← 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 11 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% 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 8 August (4 of the last 5 filed years within 76 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
In the rankings
#7 employer in Verviers, Construction sector
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€206,543▲ 650%
2024 · €27,526
Working capital
€279,419▲ 58.5%
2024 · €176,298
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€69,065▲ 128%€156,026▲ 126%€182,034▲ 16.7%€75,456▼ 58.5%€356,047▲ 372%
Net result€42,711within the sector's middle half▲ 147%€98,611within the sector's middle half▲ 131%€120,423within the sector's middle half▲ 22.1%€27,526within the sector's middle half▼ 77.1%€206,543above the sector's middle half▲ 650%
Equity€90,243within the sector's middle half▲ 80.8%€188,854within the sector's middle half▲ 109%€309,276within the sector's middle half▲ 63.8%€336,802within the sector's middle half▲ 8.9%€528,317within the sector's middle half▲ 56.9%
Total assets€620,468within the sector's middle half▲ 13.5%€1.1mwithin the sector's middle half▲ 72.5%€1.4mwithin the sector's middle half▲ 31.5%€1.4mwithin the sector's middle half▼ 3.7%€1.5mwithin the sector's middle half▲ 12.4%
Debt€530,225▲ 6.7%€881,249▲ 66.2%€1.1m▲ 24.5%€1.0m▼ 7.3%€993,812▼ 2.3%
Working capital-€38,421below the sector's middle half€66,176within the sector's middle half€135,524within the sector's middle half▲ 105%€176,298within the sector's middle half▲ 30.1%€279,419within the sector's middle half▲ 58.5%
Solvency14.5%below the sector's middle half▲ 5.4pp17.6%within the sector's middle half▲ 3.1pp22.0%within the sector's middle half▲ 4.3pp24.9%within the sector's middle half▲ 2.9pp34.7%within the sector's middle half▲ 9.8pp
Current ratio0.91below the sector's middle half▼ 0.721.09within the sector's middle half▲ 0.191.15within the sector's middle half▲ 0.061.21within the sector's middle half▲ 0.061.34within the sector's middle half▲ 0.13
Return on assets (ROA)6.9%within the sector's middle half▲ 3.7pp9.2%within the sector's middle half▲ 2.3pp8.6%within the sector's middle half▼ 0.7pp2.0%within the sector's middle half▼ 6.5pp13.6%above the sector's middle half▲ 11.5pp
Staff (FTE)10.8within the sector's middle half▲ 145%14.3within the sector's middle half▲ 32.4%14.4within the sector's middle half▲ 0.7%14.9within the sector's middle half▲ 3.5%15.9above the sector's middle half▲ 6.7%
above
within
below
the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings.
Why a figure moved sharply
- 2025 Net result +650% on 2024. The accounts now follow the abbreviated schema, last year the full schema.
- 2021 Staff (FTE) +145% on 2020. The accounts now follow the full schema, last year the micro schema.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 372% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.5m
Fixed assets
€426,362 ▲ 28.4%
Current assets
€1.1m ▲ 7.2%
Equity and liabilities €1.5m
Equity
€528,317 ▲ 56.9%
Debt
€993,812 ▼ 2.3%
Debt's share of the balance-sheet total falls from 75.1% to 65.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€458,493▲
2024 · €168,472
Cash flow
€308,990▲
2024 · €120,542
Quick ratio
0.81▲
2024 · 0.56
Debt to equity
1.88▼
2024 · 3.02
ROE
39.1%▲
2024 · 8.2%
Interest coverage
5.57▲
2024 · 4.70
Debt ≤ 1 year
€816,348▼
2024 · €846,126
Debt > 1 year
€177,306▲
2024 · €165,014
Income taxes
€73,149▲
2024 · €12,227
Staff costs
€960,085▲
2024 · €796,080
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,129 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.7%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.5% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 20,129 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €404,559 | €626,482 | €722,121 | €796,080 | €960,085 | ▲ 20.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €39,428 | €63,759 | €85,115 | €93,016 | €102,447 | ▲ 10.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | -€1,134 | - |
| Other operating charges640/8 | €1,605 | €6,016 | €5,876 | €11,760 | €7,429 | ▼ 36.8% |
| Non-recurring operating charges66A | €419 | €4,597 | - | - | - | - |
| Gross operating margin9900 | €515,076 | €856,880 | €995,146 | €976,312 | €1.4m | ▲ 45.9% |
| Operating profit (loss)9901 | €69,065 | €156,026 | €182,034 | €75,456 | €356,047 | ▲ 372% |
| Financial income75/76B | €1,582 | €18 | €52 | €125 | €5,896 | ▲ 4,631% |
| Recurring financial income75 | €182 | €18 | €52 | €125 | €5,896 | ▲ 4,631% |
| Non-recurring financial income76B | €1,400 | - | - | - | - | - |
| Financial charges65/66B | €12,229 | €21,668 | €27,913 | €35,828 | €82,250 | ▲ 130% |
| Recurring financial charges65 | €12,229 | €21,668 | €27,913 | €35,828 | €82,250 | ▲ 130% |
| Profit (loss) for the period before taxes9903 | €58,418 | €134,377 | €154,173 | €39,753 | €279,692 | ▲ 604% |
| Income taxes67/77 | €15,708 | €35,766 | €33,750 | €12,227 | €73,149 | ▲ 498% |
| Profit (loss) for the period9904 | €42,711 | €98,611 | €120,423 | €27,526 | €206,543 | ▲ 650% |
| Profit (loss) for the period to be appropriated9905 | €42,711 | €98,611 | €120,423 | €27,526 | €206,543 | ▲ 650% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €620,468 | €1.1m | €1.4m | €1.4m | €1.5m | ▲ 12.4% |
| Fixed assets21/28 | €239,911 | €299,352 | €378,229 | €332,024 | €426,362 | ▲ 28.4% |
| Intangible fixed assets21 | €2,405 | €1,288 | €172 | - | - | - |
| Tangible fixed assets22/27 | €237,506 | €297,764 | €378,057 | €332,024 | €426,362 | ▲ 28.4% |
| Land and buildings22 | €130,185 | €125,224 | €120,263 | €115,302 | €110,341 | ▼ 4.3% |
| Plant, machinery and equipment23 | €57,782 | €107,898 | €115,372 | €85,081 | €193,774 | ▲ 128% |
| Furniture and vehicles24 | €49,539 | €64,642 | €142,422 | €131,641 | €122,246 | ▼ 7.1% |
| Financial fixed assets28 | - | €300 | - | - | - | - |
| Current assets29/58 | €380,557 | €770,751 | €1.0m | €1.0m | €1.1m | ▲ 7.2% |
| Stocks and contracts in progress3 | €59,271 | €210,500 | €313,874 | €550,874 | €432,111 | ▼ 21.6% |
| Stocks30/36 | €16,450 | €57,350 | €52,874 | €77,374 | €85,111 | ▲ 10.0% |
| Contracts in progress37 | €42,821 | €153,150 | €261,000 | €473,500 | €347,000 | ▼ 26.7% |
| Amounts receivable within one year40/41 | €272,436 | €467,102 | €637,385 | €328,977 | €448,273 | ▲ 36.3% |
| Trade receivables40 | €270,230 | €449,505 | €610,591 | €312,132 | €418,917 | ▲ 34.2% |
| Other amounts receivable41 | €2,206 | €17,596 | €26,795 | €16,846 | €29,356 | ▲ 74.3% |
| Current investments50/53 | €2,000 | €1,000 | - | €2,002 | €2,030 | ▲ 1.4% |
| Cash at bank and in hand54/58 | €32,746 | €72,039 | €55,232 | €97,225 | €203,379 | ▲ 109% |
| Deferred charges and accrued income490/1 | €14,105 | €20,110 | €22,080 | €43,346 | €9,974 | ▼ 77.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €620,468 | €1.1m | €1.4m | €1.4m | €1.5m | ▲ 12.4% |
| Equity10/15 | €90,243 | €188,854 | €309,276 | €336,802 | €528,317 | ▲ 56.9% |
| Contributions10/11 | €40,000 | €40,000 | €40,000 | €40,000 | €40,000 | = |
| Reserves13 | €49,628 | €148,128 | €148,128 | €148,128 | €148,128 | = |
| Non-distributable reserves130/1 | €1,715 | €1,715 | - | - | - | - |
| Reserves not available under the articles1311 | €1,715 | €1,715 | - | - | - | - |
| Distributable reserves133 | €47,914 | €146,414 | €148,128 | €148,128 | €148,128 | = |
| Profit (loss) carried forward14 | €615 | €725 | €121,148 | €148,674 | €340,189 | ▲ 129% |
| Amounts payable17/49 | €530,225 | €881,249 | €1.1m | €1.0m | €993,812 | ▼ 2.3% |
| Amounts payable after more than one year17 | €111,246 | €176,073 | €204,445 | €165,014 | €177,306 | ▲ 7.4% |
| Financial debts170/4 | €111,246 | €176,073 | €204,445 | €165,014 | €177,306 | ▲ 7.4% |
| Amounts payable within one year42/48 | €418,978 | €704,575 | €893,047 | €846,126 | €816,348 | ▼ 3.5% |
| Current portion of amounts payable after more than one year42 | €30,351 | €59,675 | €79,267 | €73,125 | €88,729 | ▲ 21.3% |
| Financial debts43 | €125,000 | €185,000 | €237,622 | €305,081 | €215,246 | ▼ 29.4% |
| Credit institutions430/8 | €125,000 | €185,000 | €237,622 | €305,081 | €215,246 | ▼ 29.4% |
| Trade debts44 | €140,945 | €301,869 | €387,484 | €290,549 | €401,492 | ▲ 38.2% |
| Suppliers440/4 | €140,945 | €301,869 | €387,484 | €290,549 | €401,492 | ▲ 38.2% |
| Taxes, remuneration and social security45 | €88,651 | €89,329 | €88,569 | €66,716 | €92,462 | ▲ 38.6% |
| Taxes450/3 | €35,816 | €30,948 | €15,328 | €4,957 | €8,745 | ▲ 76.4% |
| Remuneration and social security454/9 | €52,835 | €58,381 | €73,241 | €61,760 | €83,717 | ▲ 35.6% |
| Other amounts payable47/48 | €34,031 | €68,702 | €100,104 | €110,655 | €18,419 | ▼ 83.4% |
| Accrued charges and deferred income492/3 | - | €601 | €32 | €6,506 | €158 | ▼ 97.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €42,711 | €98,611 | €120,423 | €27,526 | €206,543 | ▲ 650% |
| + Depreciation and write-downs630 | €39,428 | €63,759 | €85,115 | €93,016 | €102,447 | ▲ 10.1% |
| Operating cash flow (approximation) | €82,139 | €162,369 | €205,537 | €120,542 | €308,990 | ▲ 156% |
| Investment in fixed assets (approximation) | - | -€123,201 | -€163,991 | -€46,811 | -€196,785 | ▼ 320% |
| Change in cash | - | €39,293 | -€16,807 | €41,993 | €106,154 | ▲ 153% |
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
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
31-12
Financial
Highest result since 2018net €206,543 ▲650%
Operating result €356,047, net result €206,543, both a record.
31-12
Financial
Equity above €500,000Eq €528,317 ▲56.9%
7 profitable years in a row build equity to €528,317.
25-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 25 days late
2024
23-05
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Equity above €200,000Eq €309,276 ▲63.8%
5 profitable years in a row build equity to €309,276.
30-03
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Equity above €150,000Eq €188,854 ▲109%
4 profitable years in a row build equity to €188,854.
08-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 8 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
21-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 21 days late
2019
31-12
Financial
Back to profitnet €8,050
Net result €8,050 after one loss-making year.
Show earlier events
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
27-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
19-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Verviers · 1 establishment unit since 1999
Ground area
7,820 m²
Building footprint
933 m²
2 parcels, Wallonia. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
Cogepro SRL
since 19992.054.143.264
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62108B0263/00A000 | Wallonia | 7,555 m² | 1 · 933 m² | - |
| 63572B0076/00H000 | Wallonia | 264 m² | - | - |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
1 ownerChain of control
- LECLERCQ HOLDING
- COGEPRO
Highest known parent: LECLERCQ HOLDING. The sources do not say who stands above it.
Owners 1
- LECLERCQ HOLDINGparent99.81%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts 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.
Recognitions · licences · registrations
Recognised contractor
14 categoriesCOGEPRO SRL39744
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Of 29,785 companies in sector 41001 we hold annual accounts for 16,058. 9,036 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded02-09-1991
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
43990Other specialised construction activities
68121Development of residential building projects
43211General electrical installation work
43240Other construction installation
43331Floor and wall tiling
81300Landscape service activities
Contact
Website
www.cogepro.be
E-mail
gregoire.leclercq@cogepro.be
E-invoicing
Reachable via Peppol
Peppol ID
0208:0444960774
Also
9925:BE0444960774
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.