COS
Open bankruptcySummary
A bankruptcy procedure is open for COS according to publications in the Belgian State Gazette. The 2023 annual accounts show equity of €125k and a net result of €42k.
Signals
Three 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 31-12-2023 was due by 31-07-2024 and was filed on 14-10-2024, 75 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 · 3 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
75 d late
2022
17 d early
2021
4 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2023, micro schema
Equity
€125k▲ 50.8%
2022 · €83k
2021: €69k
2022: €83k
2021 → 2023
Total assets
€403k▲ 34.9%
2022 · €298k
2021: €164k
2022: €298k
2021 → 2023
Net result
€42k▲ 211%
2022 · €14k
2021: €49k
2022: €14k
2021 → 2023
Working capital
€113k▲ 65.1%
2022 · €68k
2021: €59k
2022: €68k
2021 → 2023
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202120222023Trend
Equity€69k-€83k▲ 19.5%€125k▲ 50.8%
Operating result€66k-€20k▼ 69.3%€62k▲ 204%
Net result€49k-€14k▼ 72.5%€42k▲ 211%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2023; 2023 is 204% above 2022.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €403k
Fixed assets
€12k ▼ 16.3%
Current assets
€391k ▲ 37.6%
Equity and liabilities €403k
Equity
€125k ▲ 50.8%
Debt
€278k ▲ 28.8%
Debt's share of the balance-sheet total falls from 72.2% to 69.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€66k▲
2022 · €23k
Cash flow
€47k▲
2022 · €16k
Current ratio
1.41▲
2022 · 1.32
Debt to equity
2.22▼
2022 · 2.60
ROE
33.7%▲
2022 · 16.4%
ROA
10.5%▲
2022 · 4.5%
Interest coverage
9.96▼
2022 · 14.58
Debt ≤ 1 year
€278k▲
2022 · €216k
Income taxes
€13k▲
2022 · €5k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2023 against 2022 · 41 lines
Balance sheet
Code20222023
Assets
Total assets20/58€298k€403k▲
Fixed assets21/28€15k€12k▼
Intangible fixed assets21€4k€4k▲
Tangible fixed assets22/27€9k€6k▼
Plant, machinery and equipment23€8k€6k▼
Furniture and vehicles24€1k€474▼
Financial fixed assets28€2k€2k=
Current assets29/58€284k€391k▲
Amounts receivable within one year40/41€235k€374k▲
Trade receivables40€93k€244k▲
Other amounts receivable41€142k€129k▼
Cash at bank and in hand54/58€47k€17k▼
Deferred charges and accrued income490/1€1k-
Equity and liabilities
Total equity and liabilities10/49€298k€403k▲
Equity10/15€83k€125k▲
Contributions10/11€20k€20k=
Profit (loss) carried forward14€63k€105k▲
Amounts payable17/49€216k€278k▲
Amounts payable within one year42/48€216k€278k▲
Current portion of amounts payable after more than one year42€125k€125k=
Trade debts44€69k€80k▲
Suppliers440/4€69k€80k▲
Taxes, remuneration and social security45€22k€18k▼
Taxes450/3€22k€18k▼
Other amounts payable47/48-€55k
Income statement
Code20222023
Non-recurring operating income76A€5k€5k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€4k▲
Other operating charges640/8€396€434▲
Gross operating margin9900€24k€67k▲
Operating profit (loss)9901€20k€62k▲
Financial income75/76B€432€9▼
Recurring financial income75€432€9▼
Financial charges65/66B€2k€7k▲
Recurring financial charges65€2k€7k▲
Non-recurring financial charges66B€713-
Profit (loss) for the period before taxes9903€18k€55k▲
Income taxes67/77€5k€13k▲
Profit (loss) for the period9904€14k€42k▲
Profit (loss) for the period to be appropriated9905€14k€42k▲
Appropriation of the result
Profit (loss) to be appropriated9906€63k€105k▲
Profit (loss) brought forward from the previous period14P€49k€63k▲
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2024
07-11
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Hasselt · COS BV KONING BOUDEWIJN- LAAN 20A, 3500 HASSELT · event 31-10-2024
14-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 75 days late
2023
31-12
Financial
Equity above €100kEq €125k ▲50.8%
3 profitable years in a row build equity to €125k.
14-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €14k ▼72.5%
Net result drops to €14k, the lowest in the series.
04-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 4 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Hasselt · 1 establishment unit since 2021
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.
Koning Boudewijnlaan 20A3500 HasseltGround area
3,950 m²
Building footprint
1,039 m²
Volume, LiDAR
8,320 m³
2 parcels, Flanders, Wallonia · tallest building 21.6 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
COS SRL
since 20212.314.429.007
2 parcels
Flanders
1
(50%)
Wallonia
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71323C0286/00F002 | Flanders | 3,766 m² | 1 · 984 m² | 21.6 m · 2 fl. |
| 62093A0360/00K000 | Wallonia | 185 m² | 1 · 55 m² | 9.3 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
2 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | ELISABETH VANBERGEN ROMBOUTSTRAAT 8C,
3740 BILZEN |
31-10-2024 → present |
| Curator | GERRY
BANKEN ROMBOUTSTRAAT 8C, 3740 BILZEN- |
31-10-2024 → present |
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Of 20,024 companies in sector 43320 we hold annual accounts for 9,135. 7,704 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded26-02-2021
Fiscal year end31-12
Activities, NACEBEL 2025
43320Joinery installation
41001General construction of residential buildings
68121Development of residential building projects
43120Site preparation
43211General electrical installation work
43990Other specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.