Losses
The 2024 and 2025 financial years closed with a loss. 2024 was the heaviest.
The 2024 and 2025 financial years closed with a loss. 2024 was the heaviest.
The accounts state no turnover.
Of this, €177,732 falls due within a year.
In 2025, 1 person joined and nobody left.
Branch taken over from GLAUDIS. Takeover on 17-11-2023.
Lower net result than 87% of companies in real estate. Sector median €5,997 · 17,176 companies.
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59.
The dashed line is the sector median: 0.2% across 26,625 companies (NACE 68, micro).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 (NACE 68, micro). It does better than 23% of them on solvency, 51% on liquidity, 18% on profitability and 7% on growth.
The bankruptcy probability was computed on 08-11-2026 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 very low class on 30-06-2025, 0.1% 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).
In July 2024, 757 companies had the same profile as COSCIMO has now. Each dot stands for 2 companies, two years later.
Another 0.8% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of COSCIMO itself is lower: 0.2% within 12 months. It rests on far more data about COSCIMO than the profile alone.
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 757 companies, not a prediction for COSCIMO. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity is insufficient, with a current ratio of 0.7 (0.76 in 2024), below 1. Short-term debt is 60.7% and cash 25.5% of total assets. 97.5% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 2 accounts on average 6 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| COSCIMO Herk-de-Stad | €292,677 | €300,223 | 2.5% | - |
| OFFIS Antwerp | €288,001 | €303,970 | 71.9% | - |
| Hezimmo Hasselt | €272,272 | €278,015 | 76.6% | - |
| TWELVE BOX Zaventem | €380,546 | €277,453 | -4.8% | - |
| HUVEN INTERNATIONAL Leuven | €469,760 | €259,548 | 36.8% | - |
| LUCIS Nandrin | €471,327 | €313,972 | 38.7% | - |
| RP-TOURNAI Gembloux | €266,098 | €272,084 | 87.1% | - |
These companies have the same main activity as COSCIMO: renting and operating of own or leased non-residential real estate, excluding land (NACE 68203). They are comparable in size and age: total assets between €266,000 and €471,000, founded between 2022 and 2025.
The annual accounts of COSCIMO for financial year 2025 show a net loss of 80% of the equity at the start of that year. The 2025 annual accounts show equity of €7,380 and a net result of -€29,341.
Its solvency ranks better than 24% of 17,185 sector peers (NACE 68, financial year 2025). The company has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals.
The computed 12-month bankruptcy probability is 0.2% (very low).
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €330,000. Estimated: probably between €310,000 and €420,000.
Higher than 24% of 17,185 companies in 2025.
Higher than 35% of 16,482 companies in 2025.
Higher than 10% of 16,861 companies in 2025.
Net result: bottom quarter · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
Staff costs divided by the average number of full-time equivalents.
In 2025, 1 person joined and nobody left.
| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| Balance sheet: assets | |||
20/58 |
292,677 | 421,680 | |
21/28 |
167,653 | 186,350 | |
22/27 |
167,653 | 186,350 | |
23 |
9,926 | 10,670 | |
24 |
69,681 | 76,669 | |
26 |
88,047 | 99,011 | |
29/58 |
125,023 | 235,330 | |
40/41 |
33,836 | 203,498 | |
40 |
33,836 | 203,498 | |
54/58 |
74,567 | 14,139 | |
490/1 |
16,620 | 17,693 | |
| Balance sheet: equity and liabilities | |||
10/49 |
292,677 | 421,680 | |
10/15 |
7,380 | 36,720 | |
10/11 |
100,000 | 100,000 | |
14 |
-92,620 | -63,280 | |
17/49 |
285,297 | 384,960 | |
17 |
29,865 | 43,838 | |
170/4 |
29,865 | 43,838 | |
42/48 |
177,732 | 311,123 | |
42 |
13,973 | 13,370 | |
44 |
60,811 | 217,186 | |
440/4 |
60,811 | 217,186 | |
45 |
71,369 | 49,370 | |
450/3 |
31,393 | 13,364 | |
454/9 |
39,975 | 36,006 | |
47/48 |
31,579 | 31,197 | |
492/3 |
77,700 | 30,000 | |
| Income statement | |||
9900 |
300,223 | 292,691 | |
62 |
289,693 | 316,814 | |
630 |
29,956 | 27,349 | |
640/8 |
2,235 | 2,079 | |
9901 |
-21,661 | -53,551 | |
75/76B |
95 | 383 | |
75 |
95 | 383 | |
65/66B |
7,122 | 9,096 | |
65 |
7,122 | 9,096 | |
9903 |
-28,687 | -62,264 | |
67/77 |
654 | 1,016 | |
9904 |
-29,341 | -63,280 | |
9905 |
-29,341 | -63,280 | |
| Appropriation of the result | |||
9906 |
-92,620 | -63,280 | |
14P |
-63,280 | - | |
| Social balance sheet | |||
9087 |
3.3 | 4 | |
Hours worked1013 |
5,688 | 6,484 | |
| Document | |||
The notes to these accounts have 6 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 23-06-2026.
| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €0 | €3,000 |
| 2024 | 1 | €3,000 | €0 |
| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| 8,295 | -26,202 | ||
| 615 | -35,931 | ||
| 11,260 | 222,344 | ||
| 60,428 | - | ||
| -52,709 | -75,792 | ||
| 2.5% | 8.7% | ||
| 0.70 | 0.76 | ||
| 38.66 | 10.48 | ||
| -397.6% | -172.3% | ||
| -10.0% | -15.0% | ||
| 1.16 | -2.88 |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 31-12-2025 | 31-12-2024 |
|---|---|---|
| Employees at the balance-sheet date | 4 | 3 |
| full-time | 4 | 3 |
| part-time | 0 | 0 |
| in full-time equivalents | 4 | 3 |
| 3.3 | 4 | |
| On a permanent contract | 4 | 3 |
| Joined | 1 | 6 |
| Left | 0 | 3 |
Source: social balance sheet in the 2024 to 2025 annual accounts
| Item | 2025 | 2024 |
|---|---|---|
| Tangible fixed assets | €11,260 | €222,344 |
| €29,956 | €27,349 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is a loss of €21,661, smaller than the loss of €53,551 in 2024.
Debt's share of the balance-sheet total rises from 91.3% to 97.5%. Equity and debt are lower.
Source: lists of holdings in the owners' accounts
COSCIMO has no parent and no holdings in its annual accounts.
| CARAAT INVEST
registered office since 02-04-2021 · founded in 2021 |
total assets €3.2m (2025) 0766.335.137 |
| GLAUDIS HOME
registered office since 28-10-2021 · founded in 2021 |
total assets €3.0m (2025) 0776.633.567 |
| GLAUDIS PROJECTS
registered office since 28-10-2021 · founded in 2021 |
total assets €1.1m (2025) 0776.633.072 |
| MoMENTING
registered office since 30-10-2017 · founded in 2017 |
5.2 FTE (2025) 0683.832.875 |
| Momentvast
registered office since 27-04-2022 · founded in 2022 |
total assets €422,437 (2025) 0785.481.452 |
| GLAUDIS VASTGOED
registered office since 04-03-2021 · founded in 2021 |
total assets €120,080 (2025) 0764.630.412 |
| GLAUDIS
registered office since 27-10-2016 · founded in 2016 · negative equity (2025) |
total assets €99,500 (2025) 0665.581.336 |
| CORION via ELEAN HOLDING, no longer at CORION · Director (not named in the articles) · deed of 13-09-2022 founded in 2020 · negative equity (2025) |
total assets €1,477 (2025) |
Deadline for the 2026 accounts: 31-07-2027
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Sint-Truidersteenweg 24 registered office 3540 Herk-de-Stad | 28-06-2023 | 2.347.026.747 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 71024A0481/00A002 | 8,157 m² | 1 · 626 m² | 14.9 m · 1 |
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0803.274.618
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