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CoGreen

Active Cooperative companyfounded 2013active for 13 yearsSimon Bolivarlaan 36, 1000 BrusselsKBO/BCE: BE 0525.640.426 subsidiary of ENGIE SA

Lifetime

13 annual accounts with figures on one time axis
peak €5.9m (2023)
€4.8m▼ 5.8%
lowest -€4,635 (2013)
€179,885▼ 23.2%
peak €5.5m (2021)
€4.5m▼ 1.8%
€317,384▼ 40.7%
Board11 names since 2019
4 directorsAnn Naessens and 3 others
Owners3 names in the annual accounts
Documentsfilings and deeds
23-06-202638 days before the deadline
2025financial year
3 directors reappointed, 1 statutory auditor reappointed 07-07Dividend €181,435Debts from €535,063 to €317,384

Key points

from the 2025 annual accounts

Equity

€4.5m ▼ 1.8%
4.62024+0.2Profit-0.2Dividend-0.08Other4.52025

CoGreen paid out €181,435 in dividends. That is 101% of the 2025 profit.

Payment terms

289 days to suppliers
Suppliers
245 to 289

CoGreen pays its suppliers 44 days later than in 2024.

Board

2 joined · 3 left

Board changed. Latest change 24-08-2026 · 3 in office.

Checked score

70
Healthy
Financially stronger than 66% of small companies without a NACE code
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
0.7% Low
0%0.5%1.5%4%10%≥ 25%

About 7 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: 3.8% 01-2025: 3.8%● unchanged vs 12-2024highest value 02-2025: 3.8%● unchanged vs 01-2025highest value 03-2025: 3.8%● unchanged vs 02-2025 04-2025: 3.6%▼ -0.2 percentage points vs 03-2025 05-2025: 0.5%▼ -3.1 percentage points vs 04-2025lowest value 06-2025: 0.5%● unchanged vs 05-2025 07-2025: 0.7%▲ +0.2 percentage points vs 06-2025 08-2025: 0.7%● unchanged vs 07-2025 09-2025: 0.7%● unchanged vs 08-2025 10-2025: 0.7%● unchanged vs 09-2025 11-2025: 0.7%● unchanged vs 10-2025 12-2025: 0.7%● unchanged vs 11-2025 01-2026: 0.8%▲ +0.1 percentage points vs 12-2025 02-2026: 0.8%● unchanged vs 01-2026 03-2026: 0.8%● unchanged vs 02-2026 04-2026: 0.7%▼ -0.1 percentage points vs 03-2026 05-2026: 0.7%● unchanged vs 04-2026 06-2026: 0.7%● unchanged vs 05-2026 07-2026: 0.8%▲ +0.1 percentage points vs 06-2026 08-2026: 1.4%▲ +0.6 percentage points vs 07-2026 09-2026: 1.8%▲ +0.4 percentage points vs 08-2026 10-2026: 0.7%▼ -1.1 percentage points vs 09-2026 11-2026: 0.7%● unchanged vs 10-2026

Financial strength
Strong

100=equity 93.5% of total assets
100=short-term debt 5.5%
47-2return on assets 3.7%

Score breakdown

raises risk
Liquidity: current ratio 0.69
No registered site in the KBO
Legal form: cooperative company
lowers risk
Size: total assets €4.8m
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 (no NACE code, small). It does better than 82% of them on solvency, 99% on liquidity, 52% on profitability and 31% 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 low class on 30-06-2025, 0.8% 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).

Credit verdict

Credit of up to €310,000 on 30-day terms is acceptable

Liquidity is insufficient, with a current ratio of 0.69 (1.04 in 2024), below 1. Short-term debt is 5.5% of total assets. 6.5% 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 riskneutral
raises risk · Liquidity: current ratio 0.69
NBB · annual accounts
lowers risk · Size: total assets €4.8m
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
raises risk · No registered site in the KBO
KBO · seat and establishments
raises risk · Legal form: cooperative company
KBO
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 23-06-2026, 38 days ahead of the deadline.
NBB · 6 filings
Deviation from the deadline
2025
38 days early
2024
24 days early
2023
36 days early
2022
35 days early
2021
40 days early
2020
22 days early
← before the deadline after the deadline →
tick = median of all Belgian filings

The company filed its last 6 accounts on average 33 days before the deadline. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were 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 26 June (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
08-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

JL
Director, since 21-06-2024
MC
Director
SM
Director
DR
Auditor, Jo Van Baelen
Board & ownership

Recent changes

2 directors appointed, 3 resignations Resignations: Maria Sas, Ann Naessens and Lionel Matthysen · Appointments: Magali Comans and Sylvie Myngheer · General meeting of 19-06-2026 · Gazette deed
Registered in the Peppol Directory Reachable for e-invoices through 0208:0525640426
3 directors reappointed, 1 statutory auditor reappointed Maria Sas (bestuursopdracht,raad van bestuur); Ann Naessens (bestuursopdracht,raad van bestuur); Lionel Matthysen (bestuursopdracht,raad van bestuur) and Deloitte Bedrijfsrevisoren (statutory auditor) · Gazette deed
Amendment of the articles Gazette deed
All 37 events

Official details

Source: KBO
Status
Active since 02-04-2013Normal situation
Registered office
51 active companies are registered at this address1 started in the 12 months before. Source: KBO register, as of 8 November 2026.
Activity
“De werving van coöperatief kapitaal voor de oprichting,de ontwikkeling van en de investering in…” (deed in Dutch)From the articles, 5 activitiesNo NACE code in the KBO yet
Financial year end
31 December
Peppol
Reachable since 30-12-2025
Company details

Annual accounts 2025

€4.8m▼ 5.8%
Filing
Filed on 23-06-2026, 38 days before the end of the filing period
Financials

Insights on CoGreen

CoGreen has existed since 2013. The present size dates from 2015. The balance sheet total rose that year from €1.0m to €2.1m.

In August 2026, three directors stepped down.

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 CoGreen

What is the company number of CoGreen?
The company number of CoGreen is 0525.640.426. The VAT number is the same number with BE in front: BE 0525.640.426.
Where is CoGreen based?
The registered office is at Simon Bolivarlaan 36, 1000 Brussels.Company details
What is the legal form of CoGreen?
CoGreen is a cooperative company (CV).
When was CoGreen founded?
CoGreen was founded on 02-04-2013.
Is CoGreen still active?
Yes, CoGreen is an active enterprise in the KBO register.
What is the turnover of CoGreen?
The annual accounts for financial year 2025 state no turnover.Financials
Is CoGreen profitable?
In financial year 2025, CoGreen made a profit of €179,885.
Where can I find the annual accounts of CoGreen?
CoGreen filed 18 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of CoGreen due?
CoGreen must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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