COHESIUM
Open bankruptcyA bankruptcy procedure is open for COHESIUM according to publications in the Belgian State Gazette; curator: NICOLAS CHEVALIER. The 2024 annual accounts show negative equity (€-36k) and a net result of €15k.
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 4602 sector peers (2024).
NBB · sector comparisonPosition among 4602 sector peers
Solvency
better than 5%
← weakest
strongest →
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 30-07-2025, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
1 d early
2023
29 d late
2022
31 d late
2021
30 d late
2020
15 d early
2019
56 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€15k▲ 38.3%
2023 · €11k
2018: €10k
2019: €617
2020: €-50k
2021: €12k
2022: €-19k
2023: €11k
2018 → 2024
Working capital
€-26k▲ 37.4%
2023 · €-41k
2018: €-996
2019: €-5k
2020: €-52k
2021: €-35k
2022: €-53k
2023: €-41k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€-55k-€-43k▲ 21.2%€-62k▼ 43.1%€-51k▲ 17.4%€-36k▲ 29.2%
Operating result€-49k-€12k€-16k€13k€15k▲ 19.1%
Net result€-50k-€12k€-19k€11k€15k▲ 38.3%
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 19% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €17k
Fixed assets
€495▼ 41.3%
Current assets
€17k▲ 20.7%
Key figures and ratios
EBITDA
€15k▲
2023 · €13k
Cash flow
€15k▲
2023 · €11k
Solvency
-208.0%▲
2023 · -344.1%
Current ratio
0.40▲
2023 · 0.26
Quick ratio
0.40▲
2023 · 0.26
Debt / equity
-1.48▼
2023 · -1.29
ROA
85.7%▲
2023 · 72.6%
Interest coverage
81.73▲
2023 · 6.93
Debt
€54k▼
2023 · €66k
Debt ≤ 1 year
€42k▼
2023 · €55k
Staff costs
€108k▲
2023 · €108k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€15k€17k▲
Fixed assets21/28€843€495▼
Tangible fixed assets22/27€503€155▼
Land and buildings22€315€155▼
Furniture and vehicles24€188€0▼
Financial fixed assets28€340€340=
Current assets29/58€14k€17k▲
Amounts receivable within one year40/41€9k€11k▲
Trade receivables40€5k€10k▲
Other amounts receivable41€4k€818▼
Cash at bank and in hand54/58€4k€6k▲
Deferred charges and accrued income490/1€108€592▲
Equity and liabilities
Total equity and liabilities10/49€15k€17k▲
Equity10/15€-51k€-36k▲
Contributions10/11€50k€50k=
Profit (loss) carried forward14€-101k€-86k▲
Amounts payable17/49€66k€54k▼
Amounts payable within one year42/48€55k€42k▼
Financial debts43€0-
Credit institutions430/8€0-
Trade debts44€13k€6k▼
Suppliers440/4€13k€6k▼
Taxes, remuneration and social security45€14k€18k▲
Taxes450/3€745€1k▲
Remuneration and social security454/9€13k€17k▲
Other amounts payable47/48€28k€18k▼
Accrued charges and deferred income492/3€11k€11k=
Income statement
Code20232024
Remuneration, social security and pensions62€108k€108k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€556€348▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-381€0▲
Other operating charges640/8€850€1k▲
Non-recurring operating charges66A€0-
Gross operating margin9900€122k€125k▲
Operating profit (loss)9901€13k€15k▲
Financial income75/76B€11€0▼
Recurring financial income75€11€0▼
Financial charges65/66B€2k€189▼
Recurring financial charges65€2k€189▼
Profit (loss) for the period before taxes9903€11k€15k▲
Profit (loss) for the period9904€11k€15k▲
Profit (loss) for the period to be appropriated9905€11k€15k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-101k€-86k▲
Profit (loss) brought forward from the previous period14P€-112k€-101k▲
Social balance
Average headcount (FTE)90871.81.8=
The notes to these accounts (16 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
23-07
Bankruptcy
Opening
Tribunal de l’entreprise du Hainaut, division Tournai · COHESIUM SRL RUE DU VILLA- GE(ESQ) 18, 7743 ESQUELMES · event 14-07-2026
2025
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Highest result since 2018net €15k ▲38.3%
Operating result €15k, net result €15k, both a record.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 29 days late
2023
31-12
Financial
Back to profitnet €11k
Net result €11k after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 31 days late
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 30 days late
2021
31-12
Financial
Back to profitnet €12k
Net result €12k after one loss-making year.
16-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Weakest financial yearnet €-50k ▼8186%
Net result drops to €-50k, the lowest in the series.
25-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 56 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
25-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 25 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 31 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Pecq · 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.
Rue du Village(ESQ) 187743 PecqGround area
3,634 m²
Building footprint
538 m²
Volume, LiDAR
2,608 m³
Parcel 57025A0166/00F000, Wallonia · tallest building 7.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Rue du Village(ESQ) 18, 7743 Pecq
since 20012.103.231.697
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 57025A0166/00F000 | Wallonia | 3,634 m² | 1 · 538 m² | 7.5 m · 2 fl. |
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 | NICOLAS CHEVALIER RUE DU SONDART 21,
7500 TOURNAI- .
Date provisoire de cessation de paiement : 14/07/2026 |
14-07-2026 → present |
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Of 82,569 companies in sector 70200 we hold annual accounts for 52,573. 3,744 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded26-06-2001
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
73200Market research and public opinion polling
74131
74142
Sources
Crossroads Bank for EnterprisesNational Bank · 23 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.