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COGNITIVE SEARCH

Active
Private limited companyfounded 20233 yrs activeTerhulpsesteenweg 451, 1170 Watermaal-Bosvoorde, BelgiumKBO/BCE: BE 0803.158.911
Summary

The computed 12-month bankruptcy probability of COGNITIVE SEARCH is 1.6% (moderate). The 2024 annual accounts show equity of €102k and a net result of €54k. Its solvency ranks better than 78% of 19356 sector peers (fiscal year 2024). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2024
Axes · tick = 2023
Profitability100=
Solvency95▲+7
Growth78
Track record94
Bankruptcy probability, 12 months
1.6% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days acceptable
Liquidity ample (current ratio 3.36 against 2.68 in 2023; short-term debt: 29.7% and cash: 92.9% of total assets), and 29.7% of the assets are financed with debt.
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Signals

Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 3 years 0 10 y
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
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
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 07-07-2025, 24 days ahead of the deadline.
NBB · 2 filings
Deviation from the deadline
2025
not confirmed
2024
24 d early
2023
27 d early
← before the deadline after the deadline →
Checked, nothing found (1)
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

Financials · fiscal year 2024, micro schema

Equity
€102k▲ 111%
2023 · €48k
Total assets
€145k▲ 88.7%
2023 · €77k
Net result
€54k▲ 18.7%
2023 · €45k
Working capital
€102k▲ 111%
2023 · €48k
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
Line20232024
Operating result€60k-€68k▲ 12.1%
Net result€45k-€54k▲ 18.7%
Equity€48k-€102k▲ 111%
Total assets€77k-€145k▲ 88.7%
Debt€29k-€43k▲ 50.7%
Working capital€48k-€102k▲ 111%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
€0€20k€40k€60kOperating result 2023: €60k€60kNet result 2023: €45k€45kOperating result 2024: €68k€68kNet result 2024: €54k€54k20232024€0€20k€40k€60kOperating result 2023: €60k€60kNet result 2023: €45k€45kOperating result 2024: €68k€68kNet result 2024: €54k€54k20232024
The operating result rises in 2024; 2024 is 12% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €145k
Equity €102k ▲ 111%
Debt €43k ▲ 50.7%
Debt's share of the balance-sheet total falls from 37.3% to 29.7%. Equity and debt are higher.
Key figures and ratios
2024 value · change against 2023
Current ratio
3.36▲
2023 · 2.68
Debt to equity
0.42▼
2023 · 0.59
ROE
52.7%▼
2023 · 93.8%
ROA
37.0%▼
2023 · 58.8%
Debt ≤ 1 year
€43k▲
2023 · €29k
Income taxes
€14k▼
2023 · €15k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2024 against 2023 · 27 lines
Balance sheet Code20232024
Assets
Total assets20/58€77k€145k▲
Current assets29/58€77k€145k▲
Amounts receivable within one year40/41€23k€10k▼
Trade receivables40€23k€10k▼
Cash at bank and in hand54/58€54k€135k▲
Equity and liabilities
Total equity and liabilities10/49€77k€145k▲
Equity10/15€48k€102k▲
Contributions10/11€3k€3k=
Profit (loss) carried forward14€45k€99k▲
Amounts payable17/49€29k€43k▲
Amounts payable within one year42/48€29k€43k▲
Trade debts44€88-
Suppliers440/4€88-
Taxes, remuneration and social security45€24k€39k▲
Taxes450/3€24k€36k▲
Remuneration and social security454/9-€3k
Other amounts payable47/48€4k€4k▼
Income statement Code20232024
Gross operating margin9900€60k€68k▲
Operating profit (loss)9901€60k€68k▲
Financial charges65/66B€16€52▲
Recurring financial charges65€16€52▲
Profit (loss) for the period before taxes9903€60k€68k▲
Income taxes67/77€15k€14k▼
Profit (loss) for the period9904€45k€54k▲
Profit (loss) for the period to be appropriated9905€45k€54k▲
Appropriation of the result
Profit (loss) to be appropriated9906€45k€99k▲
Profit (loss) brought forward from the previous period14P-€45k

The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20232024Change
Gross operating margin9900€60k€68k▲ 12.1%
Operating profit (loss)9901€60k€68k▲ 12.1%
Financial charges65/66B€16€52▲ 222%
Recurring financial charges65€16€52▲ 222%
Profit (loss) for the period before taxes9903€60k€68k▲ 12.0%
Income taxes67/77€15k€14k▼ 7.8%
Profit (loss) for the period9904€45k€54k▲ 18.7%
Profit (loss) for the period to be appropriated9905€45k€54k▲ 18.7%
Line20232024Change
Assets
Total assets20/58€77k€145k▲ 88.7%
Current assets29/58€77k€145k▲ 88.7%
Amounts receivable within one year40/41€23k€10k▼ 54.7%
Trade receivables40€23k€10k▼ 54.7%
Cash at bank and in hand54/58€54k€135k▲ 149%
Equity and liabilities
Total equity and liabilities10/49€77k€145k▲ 88.7%
Equity10/15€48k€102k▲ 111%
Contributions10/11€3k€3k=
Profit (loss) carried forward14€45k€99k▲ 119%
Amounts payable17/49€29k€43k▲ 50.7%
Amounts payable within one year42/48€29k€43k▲ 50.7%
Trade debts44€88--
Suppliers440/4€88--
Taxes, remuneration and social security45€24k€39k▲ 61.5%
Taxes450/3€24k€36k▲ 49.2%
Remuneration and social security454/9-€3k-
Other amounts payable47/48€4k€4k▼ 9.1%
Line20232024Change
Profit (loss) for the period9904€45k€54k▲ 18.7%
Operating cash flow (approximation)€45k€54k▲ 18.7%
Change in cash-€81k-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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More with these figures Sector benchmark What changed Value indication

Timeline · acts, filings and financial milestones

2025
07-07
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial Equity above €100kEq €102k ▲111%
2 profitable years in a row build equity to €102k.
04-07
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts

We know of 2 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
2 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, Watermaal-Bosvoorde · 1 establishment unit since 2023
seat establishment The establishment unit on the map
Ground area
142 m²
Building footprint
81 m²
Volume, LiDAR
685 m³
Parcel 21652E0864/00S000, Brussels · tallest building 12.4 m, ±3 floors. Linked by address, not a title deed.
4 companies at this address See who is registered here
1 establishment unit
COGNITIVE SEARCH
Terhulpsesteenweg 451, 1170 Watermaal-BosvoordeNACE 68100
since 20232.347.000.023
1 parcel
Brussels 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21652E0864/00S000 Brussels 142 m² 1 · 81 m² 12.4 m · 3 fl.
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Similar companies · same sector, comparable size

Of 7,326 companies in sector 68110 we hold annual accounts for 5,385. 3,706 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded26-06-2023
Fiscal year end31-12
Activities, NACEBEL 2025
68110Buying and selling of own real estate
79110Travel agency activities
70200Business and other management consultancy
73300Public relations and communication consultancy
79120

Scores and ratios are computed by Checked and are not a credit decision.