COSEMANS CONSTRUCTIES
COSEMANS CONSTRUCTIES has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-375k) and a net result of €-5k. Equity is shrinking by ~58.5% per year across the filed fiscal years. Its solvency ranks better than 5% of 7448 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
| Equity | €-375k |
| Net result | €-5k |
| Better than sector | 5% |
| Active | 36 yrs |
Mixed profile: strong on stability, weaker on profitability.
All 5 axes are computed from data Checked has read.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | -296.0% | 44.0% | |
| Net result | €-5k | €30k | |
| Equity | €-375k | €276k | |
| Gross operating margin | €9k | €275k | |
| Staff costs | €0 | €244k |
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Deposit | abbreviated schema | abbreviated schema | abbreviated schema | abbreviated schema | abbreviated schema |
| Revenue | - | - | - | - | - |
| EBITDA | €8k | €-573k | €-44k | €-61k | €-88k |
| Net profit | €-5k | €-645k | €-58k | €-84k | €-117k |
| Cash flow | €12k | €-628k | €-39k | €-64k | €-95k |
| Staff costs | €0 | €13k | €49k | €101k | €141k |
| Income taxes | - | - | €20 | €63 | - |
| Dividends | - | - | - | - | - |
| Total assets | €127k | €211k | €809k | €918k | €972k |
| Equity | €-375k | €-371k | €274k | €332k | €416k |
| Debt | €502k | €582k | €535k | €586k | €556k |
| of which ≤ 1y | €444k | €523k | €476k | €527k | €497k |
| of which > 1y | €59k | €59k | €59k | €59k | €59k |
| Working capital | €-338k | €-350k | €273k | €312k | €376k |
| Employees (FTE) | - | - | 1.6 | 2.2 | 4.3 |
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Current ratio | 0.24 | 0.33 | 1.57 | 1.59 | 1.76 |
| Quick ratio | 0.24 | 0.33 | 0.52 | 0.64 | 0.94 |
| Working capital ratio | -266.7% | -166.1% | 33.8% | 34.0% | 38.7% |
| Solvency | -296.0% | -175.7% | 33.8% | 36.2% | 42.8% |
| Debt / equity | -1.34 | -1.57 | 1.95 | 1.76 | 1.34 |
| Long-term debt ratio | -0.16 | -0.16 | 0.21 | 0.18 | 0.14 |
| Interest coverage | 14.30 | -9.61 | -11.23 | -6.79 | -12.44 |
| Gross margin | - | - | - | - | - |
| Net margin | - | - | - | - | - |
| ROA | -3.7% | -305.6% | -7.2% | -9.2% | -12.0% |
| ROE | 1.3% | 173.9% | -21.3% | -25.3% | -28.0% |
| EBITDA margin | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Full annual accounts (24 line items)
| Line item | Code | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €127k | €211k | €809k | €918k | €972k |
| Fixed assets | 21/28 | €22k | €38k | €59k | €79k | €99k |
| Tangible fixed assets | 22/27 | €22k | €38k | €59k | €79k | €99k |
| Current assets | 29/58 | €105k | €173k | €750k | €839k | €873k |
| Stocks & contracts in progress | 3 | - | - | €503k | €503k | €406k |
| Amounts receivable within one year | 40/41 | €91k | €171k | €243k | €290k | €406k |
| Cash & bank | 54/58 | €14k | €1k | €4k | €44k | €62k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €127k | €211k | €809k | €918k | €972k |
| Equity | 10/15 | €-375k | €-371k | €274k | €332k | €416k |
| Contributions / capital | 10/11 | €374k | €374k | €374k | €374k | €374k |
| Reserves | 13 | €580k | €580k | €580k | €580k | €580k |
| Accumulated profits (losses) | 14 | €-1.33M | €-1.32M | €-680k | €-622k | €-538k |
| Amounts payable | 17/49 | €502k | €582k | €535k | €586k | €556k |
| Amounts payable after one year | 17 | €59k | €59k | €59k | €59k | €59k |
| Amounts payable within one year | 42/48 | €444k | €523k | €476k | €527k | €497k |
| Trade debts payable within one year | 44 | €5k | €484 | €10k | €208k | €54k |
| Income statement | ||||||
| Gross operating margin | 9900 | €9k | €-445k | €6k | €41k | €79k |
| Operating result | 9901 | €-9k | €-590k | €-63k | €-81k | €-110k |
| Financial income | 75 | €4k | €5k | €9k | €6k | €587 |
| Financial charges | 65 | €569 | €60k | €4k | €9k | €7k |
| Result before taxes | 9903 | €-5k | €-645k | €-58k | €-84k | €-117k |
| Income taxes | 67/77 | - | - | €20 | €63 | - |
| Net result for the period | 9904 | €-5k | €-645k | €-58k | €-84k | €-117k |
| Result to be appropriated | 9905 | €-5k | €-645k | €-58k | €-84k | €-117k |
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STAKIMPublic limited companyDirector· perm. rep.: Rigo DETHIERState Gazette act 25138475 (30-10-2025)Current25-09-2025 → present
Historic, not recently confirmed (4)
-
Not recently confirmedlast confirmed in an act from 2013
2 events
- 08-07-2013 Resigned· Director
- 08-07-2013 Appointed· Manager
-
Not recently confirmedlast confirmed in an act from 2013
2 events
- 08-07-2013 Resigned· Director
- 08-07-2013 Appointed· Manager
-
Not recently confirmedlast confirmed in an act from 2013
2 events
- 08-07-2013 Resigned· Director
- 08-07-2013 Appointed· Manager
-
NieuwmolenLegal entityManager· perm. rep.: Rigo DethierState Gazette act 13104202 (08-07-2013)Not recently confirmedlast confirmed in an act from 2013
Former directors (2)
-
NIEUWMOLENPrivate limited companyDirector· perm. rep.: Rigo DETHIERState Gazette act 25138475 (30-10-2025)Former- → 25-09-2025
-
Former- → 08-07-2013
| NACE primary | Joinery installation(43320) |
| Legal form | Private limited company (pre-2019)(015) |
| Incorporation | 07-11-1989 |
| Status | Active |
| Postal code | 3840 |
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73031C0186/00C000 | Flanders | 888 m² | 1 · 124 m² | 8.6 m · 2 fl. |
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
30-10-2025 1 director appointed, 1 resigning
- Rigo DETHIER, Bestuurder
- Rigo DETHIER, Bestuurder
Technical details
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"name": "NIEUWMOLEN BV",
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"effective_date": "2025-09-25",
"evidence_quote": "De algemene vergadering ontslaat de volgende persoon als bestuurder van de Vennootschap, met onmiddellijke ingang: - NIEUWMOLEN BV, met zetel gevestigd te 3840 Tongeren-Borgloon, Beekstraat 50 en met ondernemingsnummer 0891.764.352, vast vertegenwoordigd door 1) dhr. Rigo DETHIER, en 2) dhr. Livin D"
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"effective_date": "2025-09-25",
"evidence_quote": "De algemene vergadering besluit om de volgende persoon te benoemen tot bestuurder van de Vennootschap, met onmiddellijke ingang en voor onbepaalde duur: - STAKIM NV, met zetel gevestigd te 3570 Alken, Molenstraat 67 en met ondernemingsnummer 0447.144.660, vast vertegenwoordigd door dhr. Rigo DETHIER"
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],
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}
}20-05-2016 Registered office moved from Kortessem to Borgloon
- Industrieweg 18, 3720 Kortessem → Hamstraat 1, 3840 Borgloon
Technical details
{
"events": [
{
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"seat_type": "statutaire",
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"street": "Hamstraat",
"country": "BE",
"postcode": "3840",
"box_number": null,
"street_number": "1"
},
"old_address": {
"city": "Kortessem",
"region": null,
"street": "Industrieweg",
"country": "BE",
"postcode": "3720",
"box_number": null,
"street_number": "18"
},
"effective_date": "2016-05-10",
"evidence_quote": "Onderwerp akte: Verplaatsing maatschappelijke zetel ... besloten de maatschappelijke zetel te verplaatsen naar Hamstraat 1 te 3840 Borgloon. En dit vanaf heden."
}
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}08-07-2013 4 directors appointed, 4 resigning
- Rigo Dethier, Zaakvoerder
- Cosemans Kurt, Zaakvoerder
- Cosemans Frank, Zaakvoerder
- Cosemans Yves, Zaakvoerder
- Cosemans Kurt, Bestuurder
- Cosemans Peter, Bestuurder
- Cosemans Frank, Bestuurder
- Cosemans Yves, Bestuurder
Technical details
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"evidence_quote": "Ontslag: de heren Cosemans Kurt, Peter, Frank en Yves worden ontslagen als bestuurder en gedelegeerd bestuurder."
},
{
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},
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},
{
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},
{
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"evidence_quote": "Worden aangesteld tot zaakvoerders voor onbepaalde duur: -de bvba Nieuwmolen te Borgloon, vertegenwoordigd door de nv Stakim en de nv Aldemar, beiden met zetel te Alken, vertegenwoordigd door: de heer Rigo Dethier en de heer Livin Dethier."
},
{
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}
}| Legal nameNL | COSEMANS CONSTRUCTIES |