COGITAS
Open bankruptcyA bankruptcy procedure is open for COGITAS according to publications in the Belgian State Gazette; curator: YANNICK ALSTEENS. The 2021 annual accounts show equity of €2k and a net result of €-3k.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 19-08-2022, 19 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
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
19 d late
2020
17 d late
2019
on the day
← before the deadline
after the deadline →
Financials · fiscal year 2021, micro schema
Turnover
€155k▲ 73.8%
2020 · €89k
2018: €176k
2019: €166k
2020: €89k
2018 → 2021
EBIT margin
-0.7%▲ 11.7pp
2020 · -12.4%
2018: -0.8%
2019: -5.5%
2020: -12.4%
2018 → 2021
Net result
€-3k▲ 79.6%
2020 · €-13k
2018: €-5k
2019: €-12k
2020: €-13k
2018 → 2021
Working capital
€33▼ 98.5%
2020 · €2k
2018: €26k
2019: €14k
2020: €2k
2018 → 2021
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2018201920202021Trend
Turnover€176k-€166k▼ 5.6%€89k▼ 46.1%€155k▲ 73.8%
Equity€29k-€17k▼ 41.1%€5k▼ 73.9%€2k▼ 57.7%
Operating result€-1k-€-9k▼ 573%€-11k▼ 20.9%€-1k▲ 90.2%
Net result€-5k-€-12k▼ 152%€-13k▼ 5.9%€-3k▲ 79.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €1k in 2021 against €11k in 2020; the loss shrinks.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €56k
Fixed assets
€2k▼ 19.8%
Current assets
€54k▼ 15.1%
Equity and liabilities €56k
Equity
€2k▼ 57.7%
Debt
€54k▼ 12.2%
The debt ratio rises from 93.1% to 96.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-618▲
2020 · €-11k
Cash flow
€-2k▲
2020 · €-12k
Solvency
3.4%▼
2020 · 6.9%
Current ratio
1.00▼
2020 · 1.04
Quick ratio
0.93▼
2020 · 0.98
Debt / equity
28.11
ROE
-136.3%▲
2020 · -282.8%
ROA
-4.7%▲
2020 · -19.4%
Interest coverage
-0.41
Debt
€54k▼
2020 · €61k
Debt ≤ 1 year
€54k▼
2020 · €61k
Staff costs
€37k
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 · 2021 against 2020
Balance sheet
Code20202021
Assets
Total assets20/58€66k€56k▼
Fixed assets21/28€2k€2k▼
Tangible fixed assets22/27€978€514▼
Plant, machinery and equipment23-€514
Financial fixed assets28€1k€1k=
Current assets29/58€63k€54k▼
Stocks and contracts in progress3€4k€4k▲
Stocks30/36-€4k
Amounts receivable within one year40/41€25k€13k▼
Trade receivables40-€46
Other amounts receivable41-€13k
Current investments50/53-€5k
Cash at bank and in hand54/58€3k€6k▲
Deferred charges and accrued income490/1-€26k
Equity and liabilities
Total equity and liabilities10/49€66k€56k▼
Equity10/15€5k€2k▼
Contributions10/11€180k€180k=
Capital10-€180k
Issued capital100-€180k
Reserves13€1k€1k=
Non-distributable reserves130/1-€1k
Legal reserve130-€1k
Profit (loss) carried forward14€-177k€-179k▼
Amounts payable17/49€61k€54k▼
Amounts payable within one year42/48€61k€54k▼
Financial debts43-€26k
Credit institutions430/8-€26k
Trade debts44€5k€6k▲
Suppliers440/4-€6k
Taxes, remuneration and social security45-€9k
Taxes450/3-€5k
Remuneration and social security454/9-€3k
Other amounts payable47/48-€13k
Income statement
Code20202021
Turnover70€89k€155k▲
Goods, raw materials, services and sundry goods60/61-€123k
Remuneration, social security and pensions62-€37k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€511€464▼
Other operating charges640/8-€402
Gross operating margin9900€18k€37k▲
Operating profit (loss)9901€-11k€-1k▲
Recurring financial income75€326-
Financial charges65/66B-€2k
Recurring financial charges65€2k€2k▼
Profit (loss) for the period before taxes9903€-13k€-3k▲
Profit (loss) for the period9904€-13k€-3k▲
Profit (loss) for the period to be appropriated9905€-13k€-3k▲
Appropriation of the result
Profit (loss) to be appropriated9906-€-179k
Profit (loss) brought forward from the previous period14P-€-177k
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2023
28-04
Bankruptcy
Opening
Tribunal de l’entreprise du Brabant wallon · COGITAS SPRL GRAND-PLACE 39, 1348 OTTIGNIES-LOUVAIN-LA-NEUVE · event 24-04-2023
2022
19-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 19 days late
2021
17-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 17 days late
2020
31-12
Financial
Weakest financial yearnet €-13k
Net result drops to €-13k, the lowest in the series.
31-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
19-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 19 days late
2018
20-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 20 days late
2017
27-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
18-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 18 days late
2015
19-08
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 19 days late
2014
29-08
NBB filing
Annual accounts filed
fiscal year 2013 · full schema · 29 days late
2013
21-08
NBB filing
Annual accounts filed
fiscal year 2012 · full schema · 21 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Ottignies-Louvain-la-Neuve · 1 establishment unit since 2001
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.
Grand-Place 391348 Ottignies-Louvain-la-NeuveGround area
530 m²
Building footprint
84 m²
Parcel 25386B0065/05M000, Wallonia. Linked by address, not a title deed.
1 establishment unit
CHEZ AUGUSTIN
since 20012.052.842.672
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25386B0065/05M000 | Wallonia | 530 m² | 1 · 84 m² | - |
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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | YANNICK ALSTEENS OFF.PARK GREEN ALLEY, RUE
DU PANIER VERT 70, 1400 NIVELLES |
24-04-2023 → present |
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Of 20,495 companies in sector 56111 we hold annual accounts for 11,455. 2,693 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded25-04-1991
Fiscal year end31-12
Activities, NACEBEL
56101Full-service restaurants
56111Full-service restaurants
74131
73200Market research and public opinion polling
Sources
Crossroads Bank for EnterprisesNational Bank · 30 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.