COSEVE
ActiveCOSEVE has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €87k and a net result of €-62k. Equity is growing by ~38.8% per year across the filed fiscal years. Its solvency ranks better than 65% of 9388 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
65
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-37
Solvency94▼-6
Growth35=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity ample (current ratio 3.23 against 11.11 in 2024; short-term debt: 30.9% and cash: 38.6% of total assets), and 31.3% 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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Sector 71
lower
← fewer bankruptcies
more bankruptcies →
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 · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
68.7%
Return on assets
-49.3%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-62k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 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 · 10 filingsDeviation from the deadline
2025
27 d late
2024
24 d late
2023
1 d early
2022
78 d early
2021
3 d late
2020
5 d late
2019
14 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
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€99k▼ 27.0%
2023 · €135k
2022: €169k
2023: €135k
2022 → 2024
EBIT margin
-0.5%▼ 52.8pp
2023 · 52.4%
2022: 76.6%
2023: 52.4%
2022 → 2024
Net result
€-62k▼ 13,011%
2024 · €-475
2018: €10k
2019: €45k
2020: €5k
2021: €39k
2022: €88k
2023: €54k
2024: €-475
2018 → 2025
Working capital
€87k▼ 41.6%
2024 · €150k
2018: €17k
2019: €17k
2020: €25k
2021: €62k
2022: €151k
2023: €150k
2024: €150k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€169k€135k▼ 20.2%€99k▼ 27.0%
Equity€62k-€150k▲ 142%€150k▼ 0.5%€149k▼ 0.3%€87k▼ 41.7%
Operating result€59k-€130k▲ 118%€71k▼ 45.4%€-447€-62k▼ 13,822%
Net result€39k-€88k▲ 125%€54k▼ 39.2%€-475€-62k▼ 13,011%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €62k in 2025 against €447 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €126k
Equity
€87k▼ 41.7%
Debt
€40k▲ 160%
The debt ratio rises from 9.2% to 31.3%. Equity is lower and debt is higher.
Key figures and ratios
Solvency
68.7%▼
2024 · 90.8%
Current ratio
3.23▼
2024 · 11.11
Quick ratio
3.23▼
2024 · 11.11
Debt / equity
0.45▲
2024 · 0.10
ROE
-71.7%▼
2024 · -0.3%
ROA
-49.3%▼
2024 · -0.3%
Debt
€40k▲
2024 · €15k
Debt ≤ 1 year
€39k▲
2024 · €15k
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€164k€126k▼
Current assets29/58€164k€126k▼
Amounts receivable within one year40/41€59k€77k▲
Trade receivables40€27k€43k▲
Other amounts receivable41€32k€34k▲
Cash at bank and in hand54/58€104k€49k▼
Deferred charges and accrued income490/1€1k€1k▼
Equity and liabilities
Total equity and liabilities10/49€164k€126k▼
Equity10/15€149k€87k▼
Contributions10/11€15k€15k=
Reserves13€135k€135k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€133k€133k=
Profit (loss) carried forward14€-475€-63k▼
Amounts payable17/49€15k€40k▲
Amounts payable within one year42/48€15k€39k▲
Trade debts44€7k€31k▲
Suppliers440/4€7k€31k▲
Other amounts payable47/48€8k€8k▲
Accrued charges and deferred income492/3€387€411▲
Income statement
Code20242025
Turnover70€99k-
Goods, raw materials, services and sundry goods60/61€99k-
Other operating charges640/8€387-
Non-recurring operating charges66A-€5
Gross operating margin9900€-60€-62k▼
Operating profit (loss)9901€-447€-62k▼
Financial charges65/66B€28€29▲
Recurring financial charges65€28€29▲
Profit (loss) for the period before taxes9903€-475€-62k▼
Profit (loss) for the period9904€-475€-62k▼
Profit (loss) for the period to be appropriated9905€-475€-62k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-475€-63k▼
Profit (loss) brought forward from the previous period14P€0€-475▼
The notes to these accounts (3 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
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 27 days late
2025
31-12
Financial
Weakest financial yearnet €-62k
Net result drops to €-62k, the lowest in the series.
24-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 24 days late
2024
31-12
Financial
Liquidity quadruplescurrent ratio 11.11
Current ratio from 2.89 to 11.11; short-term debt falls from €79k to €15k.
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
14-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €88k ▲125%
Operating result €130k, net result €88k, both a record.
31-12
Financial
Equity above €150kEq €150k ▲142%
5 profitable years in a row build equity to €150k.
03-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 3 days late
2021
05-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 5 days late
2020
17-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
01-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 1 day late
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
14-07
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
no sitting director, no change since 2023
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
20-02-2023
Resigned as Director
Location & real-estate footprint
Registered office, Ukkel · 1 establishment unit since 2006
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.
Houzeaulaan 531180 UkkelGround area
6,295 m²
Building footprint
3,313 m²
Volume, LiDAR
61,438 m³
2 parcels, Brussels · tallest building 26.6 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
COSEVE
since 20062.153.806.806
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21002A0104/00R006 | Brussels | 6,167 m² | 1 · 3,214 m² | 26.6 m · 6 fl. |
| 21612D0045/00P002 | Brussels | 128 m² | 1 · 98 m² | 12.2 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.
Similar companies · same sector, comparable size
Environment Making
BE 0798.084.524
Vorst · Eq €87k
LA CROISEE ARCHITECTURE
BE 0772.659.933
Olne · Eq €87k
Buro Architectuur
BE 0548.725.040
Opwijk · Eq €87k
CP Architecture
BE 0765.875.871
Amay · Eq €87k
AAVA Architectes
BE 0668.425.614
Nivelles · Eq €87k
Of 18,252 companies in sector 71111 we hold annual accounts for 6,319. 5,474 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded22-03-2006
Fiscal year end31-12
Activities, NACEBEL
71111Activities of building architects
Sources
Crossroads Bank for EnterprisesNational Bank · 20 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.