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COGETRA

Active
Public limited companyfounded 199036 yrs activeAvenue des Cèdres 11, 1410 Waterloo, BelgiumKBO/BCE: BE 0440.659.320
Summary

The computed 12-month bankruptcy probability of COGETRA is 1.6% (moderate). The 2025 annual accounts show negative equity (-€90,615) and a net result of -€27,233. Equity is shrinking by ~65.1% per year across the filed fiscal years. Its solvency ranks better than 8% of 4889 sector peers (fiscal year 2025). The company has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals.

Risk analysisWatch ReportCompare
COGETRAActiveChecked score 53/100
Risk analysis ReportCompare

Overview

Activity
Retail sale of newspapers and periodicals
NACE 47621NACE 47620NACE 52470
1 site
Size
€435,677total assets 2025
Staff
1.6 FTE
Equity
-€90,615
Loss
-€27,233
Financial health
53 Fair Checked score 2025
Bankruptcy chance 12 m
1.6%
Structure
Accounts 64 d early0 of 9 deeds read
Why 53- Negative equity -€90,615- Sector Retail trade (NACE 47)- Loss of €27,233, the second in a row (FY 2025)+ Founded in 1990Show the evidence

Checked score

Score 2025
53 / 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 17% of its sector peers (NACE 47, micro)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Weak
Solvency 4-6
equity -20.8% of total assets
Liquidity 26+7
short-term debt 77.7% · cash 14.3%
Profitability 16+1
return on assets -6.3%
Bankruptcy probability, 12 months
1.6% Moderate
0%0.5%1.5%4%10%≥ 25%

About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.6% (39,974 companies)
Last 24 months 11-2024: 4.4%highest value 12-2024: 4.4%● 0.0% vs 11-2024highest value 01-2025: 1.9%▼ -55.8% vs 12-2024 02-2025: 1.9%● 0.0% vs 01-2025 03-2025: 1.9%● 0.0% vs 02-2025 04-2025: 1.9%● 0.0% vs 03-2025 05-2025: 1.9%● 0.0% vs 04-2025 06-2025: 1.9%● 0.0% vs 05-2025 07-2025: 1.9%● 0.0% vs 06-2025 08-2025: 1.9%● 0.0% vs 07-2025 09-2025: 1.9%● 0.0% vs 08-2025 10-2025: 1.9%▼ -0.6% vs 09-2025 11-2025: 2.0%▲ +1.4% vs 10-2025 12-2025: 2.0%● 0.0% vs 11-2025 01-2026: 1.6%▼ -17.8% vs 12-2025 02-2026: 1.6%● 0.0% vs 01-2026 03-2026: 1.6%● 0.0% vs 02-2026 04-2026: 1.6%● 0.0% vs 03-2026 05-2026: 1.6%● 0.0% vs 04-2026 06-2026: 1.6%● 0.0% vs 05-2026 07-2026: 1.6%● 0.0% vs 06-2026 08-2026: 1.6%● 0.0% vs 07-2026 09-2026: 1.6%● 0.0% vs 08-2026 10-2026: 1.6%▼ -0.6% vs 09-2026lowest value
  • Negative equity -€90,615 raises the probability
  • Sector Retail trade (NACE 47) raises the probability
  • Loss of €27,233, the second in a row (FY 2025) raises the probability
  • Founded in 1990 lowers the probability for this profile
No credit on open account
Liquidity short (current ratio 0.4 against 0.37 in 2024; short-term debt: 77.7% and cash: 14.3% of total assets), and equity is negative.
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 47, micro). Better than this share of them on solvency 14%, liquidity 23%, profitability 20%, growth against the median 12%. 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

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Negative equity -€90,615
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Sector Retail trade (NACE 47)
In the bankruptcy model this factor raises the probability.
KBO
raises risk · Loss of €27,233, the second in a row (FY 2025)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
lowers risk · Founded in 1990
In the bankruptcy model this factor lowers the probability for this profile.
KBO
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
19202122232425
2019 to 2025 · latest year -€90,615
neutral · Latest accounts filed on time
The financial year that closed on 31-07-2025 was due by 28-02-2026 and was filed on 26-12-2025, 64 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
64 d early
2024
73 d early
2023
23 d early
2022
1 d early
2021
69 d early
2020
46 d early
2019
45 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 46 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-07-2026 and is due by 28-02-2027. Nothing is late today. Usually files around 26 December (4 of the last 5 filed years within 42 days of that day).
Companies Code · seven months
Position in the running window
31-07-2026 close04-10-2026 today28-02-2027 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 · full…
  2. Annual accounts filedfiscal year 2024 · full…
  3. Annual accounts filedfiscal year 2023 · full…

Key points

  • Risk: Negative equityfiscal year 2025: debts exceed assets -€90,615 View
  • Risk: 4 loss-making years in a rowloss fiscal year 2025 -€27,233 View
  • Caution: Among the weakest 9% on solvencysector median 36.2% · 4,889 companies -20.8% View
  • Positive: Always filed on timeaccounts within the deadline every year 8 years View

By topic

Financials

Fiscal year
2025
Total assets
€435,677
Loss
-€27,233
Solvency
-20.8%
Total assets▲ 4.2%
Net result
20192025
Go to Financials

Timeline

Events
12
Since
2016
Next accounts
by 28-02-2027
  1. 26-12-2025Annual accounts filed
  2. 17-12-2024Annual accounts filed
  3. 06-02-2024Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Retail sale of newspapers and periodicalsNACE 47621
Founded
19-04-1990
Year ends
31-07
Peppol
Reachable for e-invoices
Go to Company details

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