Equity
€123,555 ▲ 75.0%
Equity rose in 2025 from €70,601 to €123,555.
COGEX
Lifetime
13 annual accounts with figures on one time axispeak €191,496 (2024)
€121,622▼ 36.5%
lowest -€101,732 (2013)
€52,954▼ 57.1%
peak €123,555 (2025)
€123,555▲ 75.0%
€426,715▼ 51.9%
Board2 names since 2021
1 directorMarc VAN CLEEMPUT
Documentsfilings and deeds
07-09-202638 days late
2025micro format
Gross margin from €191,496 to €121,622Result from €123,529 to €52,954Equity from €70,601 to €123,555Debts from €887,412 to €426,715
Key points
from the 2025 annual accountsTurnover
≈ €210,000 estimated
The accounts state no turnover.
Debts
€426,715 78% of the balance sheet
Financial debts 50%Suppliers 1%Taxes and wages 5%Other 44%
Of this, €215,372 falls due within a year.
Investments
€136,688 6.0 × depreciation
Green is investment, beige is depreciation.
Liquidity
0.97 was 0.15 in 2024
Short-term debts fell from €640,809 to €215,372.
Filings
13 annual accounts since 2013
Eight of the last ten came late. The 2019 accounts came latest: 124 days after the end of the period.
Checked score
89
Excellent
Financially stronger than 62% of micro companies in real estate (NACE 68)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 26,625 companies (NACE 68, micro).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.3%
01-2025: 0.3%● unchanged vs 12-2024
02-2025: 0.3%● unchanged vs 01-2025
03-2025: 0.3%● unchanged vs 02-2025
04-2025: 0.3%● unchanged vs 03-2025
05-2025: 0.3%● unchanged vs 04-2025
06-2025: 0.3%● unchanged vs 05-2025
07-2025: 0.5%▲ +0.2 percentage points vs 06-2025
08-2025: 0.7%▲ +0.2 percentage points vs 07-2025highest value
09-2025: 0.1%▼ -0.6 percentage points vs 08-2025lowest value
10-2025: 0.1%● unchanged vs 09-2025lowest value
11-2025: 0.1%● unchanged vs 10-2025lowest value
12-2025: 0.1%● unchanged vs 11-2025lowest value
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.2%▲ +0.1 percentage points vs 05-2026
07-2026: 0.2%● unchanged vs 06-2026
08-2026: 0.5%▲ +0.3 percentage points vs 07-2026
09-2026: 0.6%▲ +0.1 percentage points vs 08-2026
10-2026: 0.2%▼ -0.4 percentage points vs 09-2026
11-2026: 0.2%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Last filed accounts filed 38 days late; 1 of the last 3 accounts late
lowers risk
Size: total assets €550,269
Figures for financial year 2025 (filed on 09-09-2026)
Founded in 2012
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 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% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, micro). It does better than 42% of them on solvency, 39% on liquidity, 78% on profitability and 89% on growth.
The bankruptcy probability was computed on 07-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 2,609 companies had the same profile as COGEX has now. Each dot stands for 7 companies, two years later.
96.8%
were still trading
2.1%
stopped another way
1.0%
went bankrupt
That fits the bankruptcy probability of COGEX itself: 0.2% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 2,609 companies, not a prediction for COGEX. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €10,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.97 (0.15 in 2024), below 1. Short-term debt is 39.1% and cash 10.3% of total assets. 77.5% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 38 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 07-09-2026, 38 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
38 days late
2024
28 days late
2023
19 days late
2022
29 days late
2021
26 days late
2020
52 days late
2019
124 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 45 days after the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 28 August (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
08-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0846613228
Registered office moved to Sart Eustache
New registered office: rue du Vivier 20, 5070 Sart Eustache · Resignations: Marc VAN CLEEMPUT (manager) and Delphine GUILMOT (manager) · Reappointment: Marc VAN CLEEMPUT (director) · General meeting of 13-12-2023 · Gazette deed
First establishment
COGEX SPRL, Rue Vivier,Sart-Eustache 20, Fosses-la-Ville
Incorporation
published on 26-06-2012 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| COGEX Fosses-la-Ville | €550,269 | €121,622 | 22.5% | - |
| LILEX Waterloo | €557,894 | €120,906 | 91.8% | - |
| NEW IMMO VERCAMMEN Putte | €499,818 | €106,577 | 12.1% | 1.6 |
| Pol Duchêne Bruges | €584,240 | €137,430 | 86.2% | - |
| LABEL PROPRIETE Péruwelz | €724,197 | €134,543 | 31.2% | - |
| BUREAU D'EXPERTISES SERGE MERCKX Uccle | €650,468 | €132,052 | 31.6% | - |
| BUREAU DE BONCOURT Ixelles | €543,600 | €90,730 | 83.7% | - |
These companies have the same main activity as COGEX: real estate appraisal on a fee or contract basis (NACE 68322). They are comparable in size and age: total assets between €500,000 and €724,000, founded between 2008 and 2011.
Official details
Source: KBO- Status
- Active since 15-06-2012Normal situation
- Activity
- Real estate appraisal on a fee or contract basisNACE 68322and 3 others
- Establishment unit
- 2.274.151.2415070 Fosses-la-Ville, since 27-03-2018
- Financial year end
- 31 December
- Peppol
- Reachable since 15-12-2025
Insights on COGEX
COGEX files the micro format. That format states no turnover. The gross margin rose from €33,463 in 2013 to €121,622 in 2025.
The balance sheet grew most from 2018 to 2020 through fixed assets.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about COGEX
- What is the company number of COGEX?
- The company number of COGEX is 0846.613.228. The VAT number is the same number with BE in front: BE 0846.613.228.
- Where is COGEX based?
- The registered office is at Rue Vivier,Sart-Eustache 20, 5070 Fosses-la-Ville.Company details
- What does COGEX do?
- According to the KBO register, the main activity is real estate appraisal on a fee or contract basis (NACE 68322).
- What is the legal form of COGEX?
- COGEX is a private limited company (BV).
- When was COGEX founded?
- COGEX was founded on 15-06-2012.
- Is COGEX still active?
- Yes, COGEX is an active enterprise in the KBO register.
- How many employees does COGEX have?
- COGEX had an average of 0.1 full-time equivalents in financial year 2022, according to the filed annual accounts.Financials
- What is the turnover of COGEX?
- The turnover in financial year 2025 is ≈ €210,000. This figure is estimated from the gross margin of €121,622 and 38 comparable companies (NACE 683). It probably lies between €170,000 and €310,000.
- Is COGEX profitable?
- In financial year 2025, COGEX made a profit of €52,954.
- Where can I find the annual accounts of COGEX?
- COGEX filed 13 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of COGEX due?
- COGEX must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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