Equity
Debts exceed assets in financial year 2025.
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Debts exceed assets in financial year 2025.
The micro format states no turnover.
Of this, €61,396 falls due within a year.
In 2025, 1 person joined and nobody left.
The 2022 accounts came latest: 205 days after the end of the period.
In July 2024, 906 companies had the same profile as COSIGIO' has now. Each dot stands for 3 companies, two years later.
Another 0.4% stopped without a precise date, possibly only after those two years.
The method was tested on the 497,448 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 906 companies, not a prediction for COSIGIO'. 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.
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| Company | ||||
|---|---|---|---|---|
| COSIGIO' Ganshoren | €309,004 | €122,773 | -0.3% | - |
| COFFEE STAR Brussels | €311,533 | €112,101 | 57.1% | - |
| Captain John's Fish and Chips / Bistro Anderlecht | €274,588 | €117,443 | 6.4% | - |
| SEPAR Brussels | €289,069 | €143,132 | 61.2% | - |
| VEGAN WAF Brussels | €269,157 | €117,873 | 79.9% | - |
| FORFOR Brussels | €264,724 | €106,310 | 68.0% | - |
| GUSTO J & S Wevelgem | €316,037 | €118,276 | 31.1% | - |
These companies have the same main activity as COSIGIO': limited-service restaurants, excluding mobile food services (NACE 56112). They are comparable in size and age: total assets between €265,000 and €316,000, founded between 2017 and 2019.
COSIGIO' files the micro format. That format states no turnover. The gross margin rose from €85,152 in 2019 to €122,773 in 2025.
The balance sheet grew most from 2021 to 2023 through fixed assets.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
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