COGESPAR
Dissolution or liquidationSummary
The KBO register records for COGESPAR the legal situation: dissolution or liquidation; this is today's state according to the register itself, which carries no start date. The 2025 annual accounts show equity of €209,162 and a net result of -€24,578.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
181920212223242425
2018 to 2025 · latest year -€24,578
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 15-07-2026, 16 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
16 d early
2024
2 d early
2024
on the day
2023
20 d late
2022
on the day
2021
23 d late
2020
31 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 8 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 (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.
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
Financials · fiscal year 2025, abbreviated schema
Equity
€209,162▼ 10.5%
2024 · €233,740
Total assets
€223,277▼ 11.0%
2024 · €250,765
Net result
-€24,578▲ 3.5%
2024 · -€25,461
Working capital
€74,125▼ 9.1%
2024 · €81,515
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
Line20222023202420242025
Operating result€4,148€4,833▲ 16.5%€13,699▲ 183%-€5,582--€24,488▼ 339%
Net result€1,134-€20,382€9,202-€25,461--€24,578▲ 3.5%
Equity€637,204▲ 0.2%€609,999▼ 4.3%€619,201▲ 1.5%€233,740-€209,162▼ 10.5%
Total assets€706,404▼ 1.7%€634,912▼ 10.1%€645,024▲ 1.6%€250,765-€223,277▼ 11.0%
Debt€5,495▼ 69.0%€18,913▲ 244%€22,072▲ 16.7%€13,274-€10,364▼ 21.9%
Working capital€350,451▲ 41.1%€365,701▲ 4.4%€458,255▲ 25.3%€81,515-€74,125▼ 9.1%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
Multiple fiscal year ends fall in the same calendar year; an annual trend is not displayed.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €223,277
Fixed assets
€139,575 ▼ 10.7%
Current assets
€83,702 ▼ 11.3%
Equity and liabilities €223,277
Equity
€209,162 ▼ 10.5%
Provisions
€3,751 =
Debt
€10,364 ▼ 21.9%
Debt's share of the balance-sheet total falls from 5.3% to 4.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€7,699▼
2024 · €7,136
Cash flow
-€7,790▲
2024 · -€12,743
Current ratio
8.74▲
2024 · 7.33
Debt to equity
0.05▼
2024 · 0.06
ROE
-11.8%▼
2024 · -10.9%
ROA
-11.0%▼
2024 · -10.2%
Interest coverage
-256.65▼
2024 · 231.24
Debt ≤ 1 year
€9,577▼
2024 · €12,887
Income taxes
€60▼
2024 · €19,848
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2022 | 2023 | 2024 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €25,285 | €24,644 | €30,967 | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €27,527 | €22,296 | €4,239 | €12,718 | €16,788 | ▲ 32.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €1,200 | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | €6,000 | -€2,249 | €0 | - | - |
| Other operating charges640/8 | €12,241 | €13,021 | €2,807 | €8,053 | €11,072 | ▲ 37.5% |
| Non-recurring operating charges66A | - | €103 | €1,966 | €546 | €0 | ▼ 100% |
| Gross operating margin9900 | €43,916 | €46,253 | €20,464 | €15,735 | €4,572 | ▼ 70.9% |
| Operating profit (loss)9901 | €4,148 | €4,833 | €13,699 | -€5,582 | -€24,488 | ▼ 339% |
| Financial income75/76B | - | €0 | €0 | - | - | - |
| Recurring financial income75 | - | €0 | €0 | - | - | - |
| Financial charges65/66B | €70 | €101 | €20 | €31 | €30 | ▼ 2.8% |
| Recurring financial charges65 | €70 | €101 | €20 | €31 | €30 | ▼ 2.8% |
| Profit (loss) for the period before taxes9903 | €4,078 | €4,733 | €13,679 | -€5,613 | -€24,518 | ▼ 337% |
| Transfer from deferred taxes780 | €1,328 | €70,529 | €0 | - | - | - |
| Income taxes67/77 | €4,272 | €95,644 | €4,477 | €19,848 | €60 | ▼ 99.7% |
| Profit (loss) for the period9904 | €1,134 | -€20,382 | €9,202 | -€25,461 | -€24,578 | ▲ 3.5% |
| Transfer from tax-exempt reserves789 | €3,985 | €184,293 | €0 | €65,065 | €0 | ▼ 100% |
| Profit (loss) for the period to be appropriated9905 | €5,119 | €163,911 | €9,202 | €39,604 | -€24,578 | ▼ 162% |
| Line | 2022 | 2023 | 2024 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €706,404 | €634,912 | €645,024 | €250,765 | €223,277 | ▼ 11.0% |
| Fixed assets21/28 | €353,283 | €252,318 | €169,082 | €156,364 | €139,575 | ▼ 10.7% |
| Tangible fixed assets22/27 | €351,271 | €250,355 | €169,082 | €156,364 | €139,575 | ▼ 10.7% |
| Land and buildings22 | €346,875 | €250,355 | €169,082 | €156,364 | €139,575 | ▼ 10.7% |
| Furniture and vehicles24 | €4,397 | €0 | - | - | - | - |
| Financial fixed assets28 | €2,011 | €1,963 | €0 | - | - | - |
| Current assets29/58 | €353,122 | €382,594 | €475,942 | €94,402 | €83,702 | ▼ 11.3% |
| Amounts receivable within one year40/41 | €5,308 | €13,674 | €7,044 | €4,261 | €50,286 | ▲ 1,080% |
| Trade receivables40 | €3,885 | €13,674 | €6,521 | €3,796 | €286 | ▼ 92.5% |
| Other amounts receivable41 | €1,424 | €0 | €523 | €465 | €50,000 | ▲ 10,655% |
| Cash at bank and in hand54/58 | €347,091 | €367,968 | €468,154 | €89,556 | €32,812 | ▼ 63.4% |
| Deferred charges and accrued income490/1 | €722 | €952 | €744 | €585 | €604 | ▲ 3.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €706,404 | €634,912 | €645,024 | €250,765 | €223,277 | ▼ 11.0% |
| Equity10/15 | €637,204 | €609,999 | €619,201 | €233,740 | €209,162 | ▼ 10.5% |
| Contributions10/11 | €62,500 | €62,500 | €62,500 | €62,500 | €62,500 | = |
| Capital10 | €62,500 | €62,500 | €62,500 | €62,500 | €62,500 | = |
| Issued capital100 | €62,500 | €62,500 | €62,500 | €62,500 | €62,500 | = |
| Reserves13 | €550,546 | €523,330 | €532,530 | €147,065 | €147,065 | = |
| Non-distributable reserves130/1 | €6,250 | €6,250 | €6,250 | €6,250 | €6,250 | = |
| Legal reserve130 | €6,250 | €6,250 | €6,250 | €6,250 | €6,250 | = |
| Tax-exempt reserves132 | €261,296 | €65,065 | €65,065 | €0 | - | - |
| Distributable reserves133 | €283,000 | €452,015 | €461,215 | €140,815 | €140,815 | = |
| Profit (loss) carried forward14 | €24,157 | €24,169 | €24,171 | €24,175 | -€403 | ▼ 102% |
| Provisions and deferred taxes16 | €63,705 | €6,000 | €3,751 | €3,751 | €3,751 | = |
| Provisions for liabilities and charges160/5 | - | €6,000 | €3,751 | €3,751 | €3,751 | = |
| Other liabilities and charges164/5 | - | €6,000 | €3,751 | €3,751 | €3,751 | = |
| Deferred taxes168 | €63,705 | €0 | - | - | - | - |
| Amounts payable17/49 | €5,495 | €18,913 | €22,072 | €13,274 | €10,364 | ▼ 21.9% |
| Amounts payable after more than one year17 | €2,825 | €1,300 | €0 | - | - | - |
| Other amounts payable178/9 | €2,825 | €1,300 | €0 | - | - | - |
| Amounts payable within one year42/48 | €2,670 | €16,893 | €17,687 | €12,887 | €9,577 | ▼ 25.7% |
| Trade debts44 | €2,303 | €1,104 | €1,898 | €2,047 | €2,334 | ▲ 14.0% |
| Suppliers440/4 | €2,303 | €1,104 | €1,898 | €2,047 | €2,334 | ▲ 14.0% |
| Taxes, remuneration and social security45 | - | €15,790 | €15,790 | €10,840 | €7,243 | ▼ 33.2% |
| Taxes450/3 | - | €15,790 | €15,790 | €10,840 | €7,243 | ▼ 33.2% |
| Other amounts payable47/48 | €367 | €0 | - | - | - | - |
| Accrued charges and deferred income492/3 | - | €720 | €4,385 | €387 | €787 | ▲ 103% |
| Line | 2022 | 2023 | 2024 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,134 | -€20,382 | €9,202 | -€25,461 | -€24,578 | ▲ 3.5% |
| + Depreciation and write-downs630 | €27,527 | €22,296 | €4,239 | €12,718 | €16,788 | ▲ 32.0% |
| Operating cash flow (approximation) | €28,661 | €1,915 | €13,442 | -€12,743 | -€7,790 | ▲ 38.9% |
| Investment in fixed assets (approximation) | - | €78,668 | €78,996 | - | €0 | - |
| Change in cash | - | €20,877 | €100,186 | - | -€56,744 | - |
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
15-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
29-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet -€25,461
Net result drops to -€25,461, the lowest in the series.
28-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
20-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 20 days late
28-03
Financial
Back to profitnet €9,202
Net result €9,202 after one loss-making year.
2023
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €1,134
Net result €1,134 after one loss-making year.
31-12
Financial
Liquidity times 7current ratio 132.25
Current ratio from 17.68 to 132.25; short-term debt falls from €14,890 to €2,670.
23-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 23 days late
2021
31-12
Financial
Liquidity times 7current ratio 17.68
Current ratio from 2.51 to 17.68; short-term debt falls from €155,607 to €14,890.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
Show earlier events
2020
31-12
Financial
Highest result since 2018net €212,296 ▲149%
Operating result €302,361, net result €212,296, both a record.
29-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €85,180
Net result €85,180 after one loss-making year.
31-12
Financial
Liquidity times 106current ratio 392.74
Current ratio from 3.71 to 392.74; short-term debt falls from €101,429 to €1,160.
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 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
8 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, Braine-l'Alleud · 2 establishment units since 1977
Ground area
2,493 m²
Building footprint
338 m²
Volume, LiDAR
3,978 m³
3 parcels, Brussels, Wallonia · tallest building 23.4 m, ±6 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
2 establishment units
Rue Louis de Brouckère(L.L) 57, 7100 La Louvière
since 19772.108.144.154
Jean Volderslaan 62, 1060 Sint-Gillis (bij-Brussel)
since 19782.108.143.857
3 parcels
Wallonia
2
(66.7%)
Brussels
1
(33.3%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25743G0109/00G002 | Wallonia | 1,699 m² | 1 · 117 m² | 7.8 m · 2 fl. |
| 55372D0052/00H005 | Wallonia | 637 m² | 1 · 108 m² | 12.8 m · 4 fl. |
| 21562A0076/00W006 | Brussels | 157 m² | 1 · 113 m² | 23.4 m · 6 fl. |
Linked by address, not proof of ownership
Good to know
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Identification & contact
Identification
Legal formPublic limited company
Founded18-12-1976
Fiscal year end31-12
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.