COSEAS
ActiveCOSEAS has been active since 1981 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €231k and a net result of €36k. Equity is growing by ~3.7% per year across the filed fiscal years. Its solvency ranks better than 73% of 7431 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
83
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability81▼-17
Solvency90▼-7
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €19k at 30 days acceptable
Liquidity ample (current ratio 2.12 against 2.85 in 2024; short-term debt: 30.5% and cash: 50.3% of total assets), and 35% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Sector 41
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
65%
Return on assets
10.2%
Age of the figures
9 mo
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 01-07-2026, 30 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
30 d early
2024
8 d late
2023
7 d late
2022
38 d early
2021
68 d early
2020
67 d early
2019
52 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€36k▼ 60.5%
2024 · €92k
2018: €-32k
2019: €88k
2020: €29k
2021: €-9k
2022: €-24k
2023: €-31k
2024: €92k
2018 → 2025
Working capital
€122k▼ 22.6%
2024 · €158k
2018: €-26k
2019: €64k
2020: €30k
2021: €15k
2022: €-16k
2023: €-26k
2024: €158k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€248k-€224k▼ 9.5%€193k▼ 13.9%€284k▲ 47.5%€231k▼ 18.9%
Operating result€-4k-€-21k▼ 443%€-31k▼ 45.6%€114k€56k▼ 51.3%
Net result€-9k-€-24k▼ 156%€-31k▼ 32.2%€92k€36k▼ 60.5%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 51% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €354k
Fixed assets
€124k▼ 18.2%
Current assets
€230k▼ 5.1%
Equity and liabilities €355k
Equity
€231k▼ 18.9%
Debt
€124k▲ 12.0%
The debt ratio rises from 28.1% to 35.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€85k▼
2024 · €138k
Cash flow
€66k▼
2024 · €115k
Solvency
65.0%▼
2024 · 71.9%
Current ratio
2.12▼
2024 · 2.85
Quick ratio
2.12▼
2024 · 2.85
Debt / equity
0.54▲
2024 · 0.39
ROE
15.7%▼
2024 · 32.2%
ROA
10.2%▼
2024 · 23.2%
Interest coverage
44.22▼
2024 · 62.85
Debt
€124k▲
2024 · €111k
Debt ≤ 1 year
€108k▲
2024 · €85k
Debt > 1 year
€16k▼
2024 · €26k
Income taxes
€19k▼
2024 · €26k
Staff costs
€59k▲
2024 · €59k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€395k€355k▼
Formation expenses20€723€424▼
Fixed assets21/28€152k€124k▼
Tangible fixed assets22/27€151k€124k▼
Plant, machinery and equipment23€651€250▼
Furniture and vehicles24€65k€51k▼
Leasing and similar rights25€86k€72k▼
Financial fixed assets28€490€490=
Current assets29/58€243k€230k▼
Amounts receivable within one year40/41€87k€47k▼
Trade receivables40€87k€25k▼
Other amounts receivable41€92€21k▲
Cash at bank and in hand54/58€151k€179k▲
Deferred charges and accrued income490/1€5k€5k▲
Equity and liabilities
Total equity and liabilities10/49€395k€355k▼
Equity10/15€284k€231k▼
Contributions10/11€6k€6k=
Reserves13€7k€7k=
Distributable reserves133€7k€7k=
Profit (loss) carried forward14€271k€217k▼
Amounts payable17/49€111k€124k▲
Amounts payable after more than one year17€26k€16k▼
Financial debts170/4€26k€16k▼
Amounts payable within one year42/48€85k€108k▲
Current portion of amounts payable after more than one year42€10k€10k▲
Trade debts44€41k€37k▼
Suppliers440/4€41k€37k▼
Taxes, remuneration and social security45€35k€39k▲
Taxes450/3€27k€31k▲
Remuneration and social security454/9€8k€8k▲
Other amounts payable47/48-€22k
Accrued charges and deferred income492/3-€31
Income statement
Code20242025
Remuneration, social security and pensions62€59k€59k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€23k€30k▲
Other operating charges640/8€10k€480▼
Gross operating margin9900€206k€145k▼
Operating profit (loss)9901€114k€56k▼
Financial income75/76B€5k€2k▼
Recurring financial income75€5k€2k▼
Financial charges65/66B€2k€2k▼
Recurring financial charges65€2k€2k▼
Profit (loss) for the period before taxes9903€117k€55k▼
Income taxes67/77€26k€19k▼
Profit (loss) for the period9904€92k€36k▼
Profit (loss) for the period to be appropriated9905€92k€36k▼
Appropriation of the result
Profit (loss) to be appropriated9906€271k€307k▲
Profit (loss) brought forward from the previous period14P€179k€271k▲
Profit to be distributed694/7-€90k
Return on contributions (dividend)694-€90k
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
01-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
08-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 8 days late
2024
31-12
Financial
Back to profitnet €92k
Net result €92k after 3 loss-making years.
31-12
Financial
Liquidity quadruplescurrent ratio 2.85
Current ratio from 0.77 to 2.85; short-term debt falls from €111k to €85k.
31-12
Financial
Equity above €200kEq €284k ▲47.5%
Equity rises from €193k to €284k.
07-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 7 days late
2023
23-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
24-05
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
25-05
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
09-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Back to profitnet €88k
Net result €88k after one loss-making year.
31-12
Financial
Equity above €200kEq €228k ▲63.2%
Equity rises from €139k to €228k.
04-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
29-05
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
06-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Incourt · 2 establishment units since 1991
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 de l' Eglise 211315 IncourtGround area
6,890 m²
Building footprint
302 m²
Volume, LiDAR
888 m³
2 parcels, Wallonia · tallest building 17.7 m, ±1 floor. Linked by address, not a title deed.
2 establishment units
COSEAS
since 19912.035.192.632
COSEAS
since 20102.199.780.054
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25086C0424/00E000 | Wallonia | 5,620 m² | 1 · 235 m² | 17.7 m · 1 fl. |
| 25112M0971/00L000 | Wallonia | 1,270 m² | 1 · 67 m² | - |
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.
Similar companies · same sector, comparable size
GO Construct
BE 0716.632.931
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SEBEL
BE 0502.673.004
Oud-Heverlee · Eq €231k
BATIC
BE 0476.424.606
Sint-Jans-Molenbeek · Eq €231k
De Roover & Zn
BE 0442.397.006
Begijnendijk · Eq €231k
MC Belgium Renovation
BE 0656.527.375
Waterloo · Eq €231k
Of 29,801 companies in sector 41001 we hold annual accounts for 16,045. 11,729 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded25-05-1981
Fiscal year end31-12
Activities, NACEBEL
37100
38210Materials recovery from waste
38322Waste collection, recovery and disposal activities
41001General construction of residential buildings
71111Activities of building architects
71121Engineering and related technical consultancy, excluding land surveyors
Sources
Crossroads Bank for EnterprisesNational Bank · 45 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.