COGESPAR
ActiveCOGESPAR has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €16.06M and a net result of €332k. Equity remains stable across the filed fiscal years (±2.1% per year). Its solvency ranks better than 81% of 4489 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
76
/ 100
Excellent= vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability10▲+10
Solvency100=
Growth52=
Stability100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.2M at 30 days acceptable
Liquidity ample (current ratio 20.27 against 13.88 in 2024), and 18.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← 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
81.2%
Return on assets
1.7%
Age of the figures
8 mo
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 21-07-2026, 10 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
10 d early
2024
24 d early
2023
61 d late
2022
61 d late
2022
17 d late
2021
2 d late
2020
23 d late
← before the deadline
after the deadline →
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
12-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€332k▲ 6,367%
2024 · €5k
2019: €6.61M
2020: €-142k
2021: €430k
2022: €122k
2022: €102k
2023: €-62k
2024: €5k
2019 → 2025
Working capital
€12.84M▲ 36.3%
2024 · €9.42M
2019: €3.45M
2020: €525k
2021: €2.85M
2022: €2.56M
2022: €8.55M
2023: €9.39M
2024: €9.42M
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20222022202320242025Trend
Equity€15.57M-€15.68M▲ 0.7%€15.72M▲ 0.3%€15.73M=€16.06M▲ 2.1%
Operating result€-165k-€-140k▲ 15.0%€1.87M€-292k€-313k▼ 7.1%
Net result€122k-€102k▼ 15.9%€-62k€5k€332k▲ 6,367%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €313k in 2025 against €292k in 2024; the loss grows and 2025 is the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €19.77M
Fixed assets
€6.26M▼ 33.0%
Current assets
€13.51M▲ 33.1%
Equity and liabilities €19.77M
Equity
€16.06M▲ 2.1%
Debt
€3.71M▼ 1.7%
The debt ratio falls from 19.4% to 18.8%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€-124k▼
2024 · €-121k
Cash flow
€521k▲
2024 · €177k
Solvency
81.2%▲
2024 · 80.6%
Current ratio
20.27▲
2024 · 13.88
Quick ratio
20.27▲
2024 · 13.88
Debt / equity
0.23▼
2024 · 0.24
ROE
2.1%▲
2024 · 0.0%
ROA
1.7%▲
2024 · 0.0%
Interest coverage
-0.70▲
2024 · -0.87
Debt
€3.71M▼
2024 · €3.78M
Debt ≤ 1 year
€667k▼
2024 · €732k
Debt > 1 year
€3.03M=
2024 · €3.03M
Income taxes
€33k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€19.50M€19.77M▲
Fixed assets21/28€9.35M€6.26M▼
Tangible fixed assets22/27€6.31M€6.21M▼
Land and buildings22€6.09M€5.95M▼
Plant, machinery and equipment23€5k€10k▲
Furniture and vehicles24€212k€247k▲
Financial fixed assets28€3.04M€51k▼
Current assets29/58€10.15M€13.51M▲
Amounts receivable after more than one year29€57k€57k=
Other amounts receivable291€57k€57k=
Amounts receivable within one year40/41€249k€110k▼
Trade receivables40€21k€38k▲
Other amounts receivable41€228k€72k▼
Current investments50/53€7.52M€11.86M▲
Cash at bank and in hand54/58€2.32M€1.48M▼
Equity and liabilities
Total equity and liabilities10/49€19.50M€19.77M▲
Equity10/15€15.73M€16.06M▲
Contributions10/11€9.27M€9.27M=
Capital10€9.27M€9.27M=
Issued capital100€9.27M€9.27M=
Reserves13€927k€1.26M▲
Non-distributable reserves130/1€927k€927k=
Legal reserve130€927k€927k=
Distributable reserves133-€330k
Profit (loss) carried forward14€5.53M€5.53M=
Amounts payable17/49€3.78M€3.71M▼
Amounts payable after more than one year17€3.03M€3.03M=
Financial debts170/4€3.03M€3.03M=
Other amounts payable178/9€4k€4k=
Amounts payable within one year42/48€732k€667k▼
Financial debts43€630k€630k=
Credit institutions430/8€630k€630k=
Trade debts44€7k€3k▼
Suppliers440/4€7k€3k▼
Taxes, remuneration and social security45-€33k
Taxes450/3-€33k
Other amounts payable47/48€95k-
Accrued charges and deferred income492/3€15k€15k=
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€172k€189k▲
Other operating charges640/8€11k€22k▲
Gross operating margin9900€-110k€-103k▲
Operating profit (loss)9901€-292k€-313k▼
Financial income75/76B€436k€857k▲
Recurring financial income75€406k€857k▲
Non-recurring financial income76B€31k-
Financial charges65/66B€139k€178k▲
Recurring financial charges65€139k€178k▲
Profit (loss) for the period before taxes9903€5k€365k▲
Income taxes67/77-€33k
Profit (loss) for the period9904€5k€332k▲
Profit (loss) for the period to be appropriated9905€5k€332k▲
Appropriation of the result
Profit (loss) to be appropriated9906€5.53M€5.86M▲
Profit (loss) brought forward from the previous period14P€5.52M€5.53M▲
Transfer to equity691/2-€330k
To other reserves6921-€330k
The notes to these accounts (17 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
21-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
07-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Back to profitnet €5k
Net result €5k after one loss-making year.
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 61 days late
2023
30-09
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 61 days late
17-02
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 17 days late
2022
02-02
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 2 days late
2021
30-06
Financial
Back to profitnet €430k
Net result €430k after one loss-making year.
30-06
Financial
Liquidity times 5current ratio 12.48
Current ratio from 2.54 to 12.48; short-term debt falls from €341k to €248k.
30-06
Financial
Equity above €10MEq €15.45M ▲60.6%
Equity rises from €9.62M to €15.45M.
23-02
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 23 days late
2020
30-06
Financial
Weakest financial yearnet €-142k ▼102%
Net result drops to €-142k, the lowest in the series; recovery starts the following year.
21-02
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 21 days late
2019
25-02
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 25 days late
2018
08-02
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 8 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Ukkel · 1 establishment unit since 1990
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Ptoléméelaan 161180 UkkelGround area
468 m²
Building footprint
467 m²
Volume, LiDAR
9,977 m³
Parcel 21612C0286/00G013, Brussels · tallest building 26.0 m, ±8 floors. Linked by address, not a title deed.
1 establishment unit
Ptoléméelaan 16, 1180 Ukkel
since 19902.047.180.446
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21612C0286/00G013 | Brussels | 468 m² | 1 · 467 m² | 26.0 m · 8 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
984500F50ABG7E5E6A89
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Of 9,094 companies in sector 68201 we hold annual accounts for 6,725. 1,545 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded28-12-1989
Fiscal year end31-12
Activities, NACEBEL
68201Renting and operating of own or leased residential real estate, excluding social housing
72100
62020IT consultancy
62200Computer consultancy and computer facilities management
Sources
Crossroads Bank for EnterprisesNational Bank · 33 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.