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Cosign

Active
Public limited companyfounded 1992active for 33 yearsIndustriepark 32B, 3290 Diest, BelgiumKBO/BCE: BE 0448.977.366
Summary

Cosign has been active since 1992 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.6m and a net result of €19,551. Equity remains stable across the filed financial years (±0.9% per year). Its solvency ranks better than 55% of 6,136 sector peers (NACE 46, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Overview

Activity
Agents in non-specialised wholesale trade
NACE 46190Wholesale of other machinery and equipment NACE 46649
1 site
Size
€5.1mtotal assets 2025
Staff
8.3 FTE
Equity
€2.6m
Profit
€19,551
Financial health
87 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.2%
Structure
Parent
COSIGN HOLDING · 58%
Holdings
1
2025 accounts filed 38 days late1 of 7 deeds summarised
Why 87raises riskLast filed accounts filed 38 days late; 3 of the last 3 latelowers riskFounded in 1992Size: 8.3 FTE, total assets €5.1mLegal form: public limited companyShow the evidence

Checked score

Score 2025
87 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 45% of its sector peers (NACE 46, micro)
Financial strength · tick = 2024
Average
Solvency 75+1
equity 49.8% of total assets
Liquidity 50-2
short-term debt 24.2% · cash 6.9%
Profitability 37-2
return on assets 0.4%
Bankruptcy probability, 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%

About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.4% (26,868 companies, NACE 46, micro)
Last 24 months 11-2024: 0.1% 12-2024: 0.1%● unchanged vs 11-2024 01-2025: 0.1%● unchanged vs 12-2024 02-2025: 0.1%● unchanged vs 01-2025 03-2025: 0.1%● unchanged vs 02-2025lowest value 04-2025: 0.1%● unchanged vs 03-2025 05-2025: 0.1%● unchanged vs 04-2025 06-2025: 0.1%● unchanged vs 05-2025 07-2025: 0.1%● unchanged vs 06-2025 08-2025: 0.2%▲ +0.1 percentage points vs 07-2025 09-2025: 0.3%▲ +0.1 percentage points vs 08-2025 10-2025: 0.2%▼ -0.1 percentage points vs 09-2025 11-2025: 0.2%● unchanged vs 10-2025 12-2025: 0.2%● unchanged vs 11-2025 01-2026: 0.2%● unchanged vs 12-2025 02-2026: 0.2%● unchanged vs 01-2026 03-2026: 0.2%● unchanged vs 02-2026 04-2026: 0.2%● unchanged vs 03-2026 05-2026: 0.2%● unchanged vs 04-2026 06-2026: 0.2%● unchanged vs 05-2026 07-2026: 0.2%● unchanged vs 06-2026 08-2026: 0.4%▲ +0.2 percentage points vs 07-2026 09-2026: 0.4%● unchanged vs 08-2026highest value 10-2026: 0.2%▼ -0.2 percentage points vs 09-2026
Credit of up to €220,000 on 30-day terms is acceptable
Liquidity ample (current ratio 3.75, compared with 3.72 in 2024, above the usual 1.5; short-term debt: 24.2% and cash: 6.9% of total assets), but 50.2% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 46, micro): better than 57% on solvency, 50% on liquidity, 30% on profitability and 44% on growth.

The bankruptcy probability was computed on 23-10-2026 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.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

Credit check for your own amount and term

Show the recommended maximum and see how the verdict changes with amount, term and advance.

Signals

Five signals.
lowers riskraises risk
lowers risk · Founded in 1992
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
raises risk · Last filed accounts filed 38 days late; 3 of the last 3 late
NBB · filings
lowers risk · Size: 8.3 FTE, total assets €5.1m
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
lowers risk · Legal form: public limited company
KBO
raises risk · 2025 accounts filed 38 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 07-09-2026, 38 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filings
Deviation from the deadline
2025
38 days late
2024
57 days late
2023
61 days late
2022
32 days late
2021
67 days late
2020
31 days late
2019
82 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 53 days after the deadline; the sector median (NACE 46) for financial year 2024 is 3 days before the deadline, and 39% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 26 September (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
24-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · full…
  2. Weakest financial yearnet €19,551 ▼81.1%
  3. Annual accounts filedfinancial year 2024 · abbreviated…

Financials · financial year 2025, full format

2025 annual accounts filed late (38 days) Filed on 7 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00505934.

Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€19,551▼ 81.1%
2024 · €103,357
Working capital
€3.4m▲ 1.3%
2024 · €3.4m
Trend over the years

2021 to 2025, 5 financial years 2018 to 2025, 8 financial years

The operating result has fallen two years in a row; 2025 is 48% below 2024 and is the lowest result in the available series.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result€0.05m 2025 Net result€0.02m 2025

Use the arrow keys on the chart for the figures per year.

Sector: the middle half of NACE 46, Wholesale trade: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).

Every figure with its change against the financial year before
favourable unfavourable
Line20182019202020212022202320242025
Operating result€0.03m-€0.1m▲ 314%€0.2m▲ 18.2%€0.2m▲ 26.9%€0.2m▼ 15.5%€0.3m▲ 57.5%€0.1m▼ 58.7%€0.05m▼ 47.7%
Net result€0.08m-€0.1m▲ 62.9%€0.1mwithin the sector's middle half▼ 5.2%€0.2mwithin the sector's middle half▲ 24.0%€0.1mwithin the sector's middle half▼ 17.4%€0.2mabove the sector's middle half▲ 33.5%€0.1mwithin the sector's middle half▼ 40.4%€0.02mwithin the sector's middle half▼ 81.1%
Equity€2.8m-€2.9m▲ 1.9%€2.9mabove the sector's middle half▲ 0.9%€3.0mabove the sector's middle half▲ 2.0%€3.0mabove the sector's middle half▲ 1.0%€3.0mabove the sector's middle half▲ 0.8%€2.5mabove the sector's middle half▼ 16.4%€2.6mwithin the sector's middle half▲ 0.8%
Total assets€5.1m-€5.6m▲ 9.1%€5.5mabove the sector's middle half▼ 2.3%€5.5mabove the sector's middle half▲ 0.8%€5.4mabove the sector's middle half▼ 1.2%€5.9mabove the sector's middle half▲ 7.8%€5.1mabove the sector's middle half▼ 12.1%€5.1mwithin the sector's middle half▼ 0.4%
Debt€2.3m-€2.7m▲ 18.0%€2.5m▼ 5.8%€2.5m▼ 0.6%€2.4m▼ 3.9%€2.8m▲ 16.5%€2.6m▼ 7.6%€2.6m▼ 1.5%
Working capital€3.2m-€3.4m▲ 5.2%€3.3mabove the sector's middle half▼ 3.7%€3.2mabove the sector's middle half▼ 1.7%€3.2mabove the sector's middle half▼ 0.5%€3.9mabove the sector's middle half▲ 23.1%€3.4mabove the sector's middle half▼ 14.8%€3.4mwithin the sector's middle half▲ 1.3%
Solvency55.4%-51.7%▼ 3.6pp53.5%within the sector's middle half▲ 1.7pp54.1%within the sector's middle half▲ 0.6pp55.3%within the sector's middle half▲ 1.2pp51.7%within the sector's middle half▼ 3.6pp49.2%within the sector's middle half▼ 2.5pp49.8%within the sector's middle half▲ 0.6pp
Current ratio2.94-3.02▲ 0.083.02above the sector's middle half=2.92within the sector's middle half▼ 0.102.99above the sector's middle half▲ 0.073.95above the sector's middle half▲ 0.963.72above the sector's middle half▼ 0.233.75above the sector's middle half▲ 0.03
Return on assets (ROA)1.6%-2.4%▲ 0.8pp2.3%within the sector's middle half▼ 0.1pp2.9%within the sector's middle half▲ 0.5pp2.4%within the sector's middle half▼ 0.5pp3.0%within the sector's middle half▲ 0.6pp2.0%within the sector's middle half▼ 1.0pp0.4%within the sector's middle half▼ 1.6pp
Staff (FTE)8-8=7.3within the sector's middle half▼ 8.8%6.8within the sector's middle half▼ 6.8%6.2within the sector's middle half▼ 8.8%6.2within the sector's middle half=7.2within the sector's middle half▲ 16.1%8.3within the sector's middle half▲ 15.3%
above within below the middle half of NACE 46, Wholesale trade: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5.1m
Fixed assets €485,696 ▼ 11.9%
Current assets €4.6m ▲ 1.0%
Equity and liabilities €5.1m
Equity €2.6m ▲ 0.8%
Debt €2.6m ▼ 1.5%
Debt's share of the balance-sheet total falls from 50.8% to 50.2%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€170,703▼
2024 · €214,543
Cash flow
€135,514▼
2024 · €213,286
Quick ratio
2.33▼
2024 · 2.33
Debt to equity
1.01▼
2024 · 1.03
ROE
0.8%▼
2024 · 4.1%
Interest coverage
2.19▲
2024 · 2.08
Debt ≤ 1 year
€1.2m▲
2024 · €1.2m
Debt > 1 year
€1.3m▼
2024 · €1.4m
Income taxes
€4,397▲
2024 · €0
Staff costs
€507,866▲
2024 · €400,068
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 17,042 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94.4% are still going.

  • Micro
  • 20 years or older
  • solvency 30% or more
  • a profit under 5% of the balance sheet
0.5% went bankrupt
4.9% stopped otherwise
94.4% still going

A further 0.2% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.2% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,474 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 17,042 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 63 lines
Balance sheet Code20242025
Assets
Total assets20/58€5.1m€5.1m▼
Fixed assets21/28€0.6m€0.5m▼
Intangible fixed assets21€0.09m€0.06m▼
Tangible fixed assets22/27€0.5m€0.4m▼
Land and buildings22€0.4m€0.3m▼
Plant, machinery and equipment23€0.06m€0.05m▼
Furniture and vehicles24€0.005m€0.001m▼
Leasing and similar rights25€0.02m€0.01m▼
Financial fixed assets28€0.008m€0.008m=
Current assets29/58€4.6m€4.6m▲
Amounts receivable after more than one year29€1.7m€1.8m▲
Other amounts receivable291€1.7m€1.8m▲
Stocks and contracts in progress3€1.7m€1.8m▲
Stocks30/36€1.7m€1.8m▲
Amounts receivable within one year40/41€0.7m€0.7m▲
Trade receivables40€0.6m€0.7m▲
Other amounts receivable41€0.05m€0.01m▼
Cash at bank and in hand54/58€0.5m€0.4m▼
Deferred charges and accrued income490/1€0.04m€0.002m▼
Equity and liabilities
Total equity and liabilities10/49€5.1m€5.1m▼
Equity10/15€2.5m€2.6m▲
Contributions10/11€0.06m€0.06m=
Capital10€0.06m€0.06m=
Issued capital100€0.06m€0.06m=
Reserves13€0.2m€0.2m=
Non-distributable reserves130/1€0.006m€0.006m=
Legal reserve130€0.006m€0.006m=
Distributable reserves133€0.2m€0.2m=
Profit (loss) carried forward14€2.3m€2.3m▲
Amounts payable17/49€2.6m€2.6m▼
Amounts payable after more than one year17€1.4m€1.3m▼
Financial debts170/4€1.4m€1.3m▼
Amounts payable within one year42/48€1.2m€1.2m▲
Current portion of amounts payable after more than one year42€0.1m€0.1m▲
Financial debts43€0.8m€0.7m▼
Credit institutions430/8€0.8m€0.7m▼
Trade debts44€0.1m€0.2m▲
Suppliers440/4€0.1m€0.2m▲
Taxes, remuneration and social security45€0.09m€0.1m▲
Taxes450/3€0.02m€0.02m▼
Remuneration and social security454/9€0.07m€0.09m▲
Other amounts payable47/48€0.1m€0.1m=
Accrued charges and deferred income492/3€0.01m€0.007m▼
Income statement Code20242025
Remuneration, social security and pensions62€0.4m€0.5m▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.1m€0.1m▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€0.007m-
Other operating charges640/8€0.03m€0.04m▲
Gross operating margin9900€0.7m€0.7m▲
Operating profit (loss)9901€0.1m€0.05m▼
Financial income75/76B€0.1m€0.05m▼
Recurring financial income75€0.1m€0.05m▼
Financial charges65/66B€0.1m€0.08m▼
Recurring financial charges65€0.1m€0.08m▼
Profit (loss) for the period before taxes9903€0.1m€0.02m▼
Income taxes67/77€0€0.004m▲
Profit (loss) for the period9904€0.1m€0.02m▼
Profit (loss) for the period to be appropriated9905€0.1m€0.02m▼
Appropriation of the result
Profit (loss) to be appropriated9906€2.9m€2.3m▼
Profit (loss) brought forward from the previous period14P€2.8m€2.3m▼
Profit to be distributed694/7€0.6m-
Return on contributions (dividend)694€0.5m-
Directors or managers695€0.1m-
Social balance sheet
Average headcount (FTE)90877.28.3▲

The notes to these accounts (24 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20182019202020212022202320242025Change
Remuneration, social security and pensions62---€403,431€383,059€361,045€400,068€507,866▲ 26.9%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€39,603€61,330€61,398€87,705€101,212€108,981€109,929€115,963▲ 5.5%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4---€216,290€53,575€11,926€7,375--
Other operating charges640/8---€49,543€35,763€30,605€33,463€38,378▲ 14.7%
Gross operating margin9900€406,743€642,346€593,630€947,419€734,524€766,012€655,448€716,947▲ 9.4%
Operating profit (loss)9901€30,666€126,959€150,027€190,451€160,914€253,456€104,614€54,740▼ 47.7%
Financial income75/76B---€44,207€45,974€48,463€101,759€47,274▼ 53.5%
Recurring financial income75€123,751€58,673€38,421€44,207€45,974€48,463€101,759€47,274▼ 53.5%
Financial charges65/66B---€63,169€68,056€120,557€103,016€78,066▼ 24.2%
Recurring financial charges65€68,359€50,907€52,891€63,169€68,056€120,557€103,016€78,066▼ 24.2%
Profit (loss) for the period before taxes9903€86,058€134,726€135,557€171,489€138,832€181,362€103,357€23,949▼ 76.8%
Income taxes67/77€3,970€1,012€8,736€14,176€8,854€7,835€0€4,397▲ 36,644×
Profit (loss) for the period9904€82,088€133,714€126,821€157,313€129,979€173,526€103,357€19,551▼ 81.1%
Profit (loss) for the period to be appropriated9905€82,088€133,714€126,821€157,313€129,979€173,526€103,357€19,551▼ 81.1%
Line20182019202020212022202320242025Change
Assets
Total assets20/58€5.1m€5.6m€5.5m€5.5m€5.4m€5.9m€5.1m€5.1m▼ 0.4%
Fixed assets21/28€0.2m€0.5m€0.6m€0.6m€0.6m€0.6m€0.6m€0.5m▼ 11.9%
Intangible fixed assets21--€0.01m€0.08m€0.1m€0.1m€0.09m€0.06m▼ 27.0%
Tangible fixed assets22/27€0.2m€0.5m€0.6m€0.5m€0.5m€0.5m€0.5m€0.4m▼ 9.2%
Land and buildings22---€0.4m€0.4m€0.4m€0.4m€0.3m▼ 6.0%
Plant, machinery and equipment23---€0.09m€0.08m€0.07m€0.06m€0.05m▼ 12.7%
Furniture and vehicles24---€0.02m€0.02m€0.01m€0.005m€0.001m▼ 85.6%
Leasing and similar rights25----€0.04m€0.03m€0.02m€0.01m▼ 35.0%
Financial fixed assets28€0.001m€0.001m€0.001m€0.008m€0.008m€0.008m€0.008m€0.008m=
Current assets29/58€4.9m€5.1m€4.9m€4.9m€4.8m€5.3m€4.6m€4.6m▲ 1.0%
Amounts receivable after more than one year29---€1.8m€1.6m€2.2m€1.7m€1.8m▲ 6.0%
Other amounts receivable291---€1.8m€1.6m€2.2m€1.7m€1.8m▲ 6.0%
Stocks and contracts in progress3€1.3m€1.3m€1.4m€1.5m€1.8m€1.7m€1.7m€1.8m▲ 2.3%
Stocks30/36---€1.5m€1.8m€1.7m€1.7m€1.8m▲ 2.3%
Amounts receivable within one year40/41€1.2m€1.3m€1.0m€1.0m€0.7m€0.6m€0.7m€0.7m▲ 6.8%
Trade receivables40---€1.0m€0.7m€0.6m€0.6m€0.7m▲ 13.3%
Other amounts receivable41---€0.06m€0.02m€0.006m€0.05m€0.01m▼ 77.0%
Current investments50/53€0.001m€0.001m€0.001m€0.001m€0.001m€0.001m---
Cash at bank and in hand54/58€0.3m€0.3m€0.6m€0.5m€0.7m€0.7m€0.5m€0.4m▼ 23.6%
Deferred charges and accrued income490/1---€0.01m€0.009m€0.02m€0.04m€0.002m▼ 95.8%
Equity and liabilities
Total equity and liabilities10/49€5.1m€5.6m€5.5m€5.5m€5.4m€5.9m€5.1m€5.1m▼ 0.4%
Equity10/15€2.8m€2.9m€2.9m€3.0m€3.0m€3.0m€2.5m€2.6m▲ 0.8%
Contributions10/11€0.06m€0.06m€0.06m€0.06m€0.06m€0.06m€0.06m€0.06m=
Capital10---€0.06m€0.06m€0.06m€0.06m€0.06m=
Issued capital100---€0.06m€0.06m€0.06m€0.06m€0.06m=
Reserves13€0.2m€0.2m€0.2m€0.2m€0.2m€0.2m€0.2m€0.2m=
Non-distributable reserves130/1---€0.006m€0.006m€0.006m€0.006m€0.006m=
Legal reserve130---€0.006m€0.006m€0.006m€0.006m€0.006m=
Distributable reserves133---€0.2m€0.2m€0.2m€0.2m€0.2m=
Profit (loss) carried forward14€2.6m€2.6m€2.7m€2.7m€2.8m€2.8m€2.3m€2.3m▲ 0.9%
Amounts payable17/49€2.3m€2.7m€2.5m€2.5m€2.4m€2.8m€2.6m€2.6m▼ 1.5%
Amounts payable after more than one year17€0.6m€1.0m€0.9m€0.8m€0.8m€1.5m€1.4m€1.3m▼ 2.9%
Financial debts170/4---€0.8m€0.8m€1.5m€1.4m€1.3m▼ 2.9%
Amounts payable within one year42/48€1.7m€1.7m€1.6m€1.7m€1.6m€1.3m€1.2m€1.2m▲ 0.3%
Current portion of amounts payable after more than one year42---€0.07m€0.08m€0.1m€0.1m€0.1m▲ 18.1%
Financial debts43---€1.2m€1.2m€0.8m€0.8m€0.7m▼ 6.7%
Credit institutions430/8---€1.2m€1.2m€0.8m€0.8m€0.7m▼ 6.7%
Trade debts44€0.2m€0.2m€0.2m€0.1m€0.2m€0.2m€0.1m€0.2m▲ 6.2%
Suppliers440/4---€0.1m€0.2m€0.2m€0.1m€0.2m▲ 6.2%
Taxes, remuneration and social security45---€0.1m€0.1m€0.06m€0.09m€0.1m▲ 28.0%
Taxes450/3---€0.05m€0.04m€0.03m€0.02m€0.02m▼ 4.1%
Remuneration and social security454/9---€0.06m€0.06m€0.03m€0.07m€0.09m▲ 36.5%
Other amounts payable47/48---€0.2m€0.1m€0.3m€0.1m€0.1m=
Accrued charges and deferred income492/3---€0.01m€0.02m€0.02m€0.01m€0.007m▼ 35.2%
Line20182019202020212022202320242025Change
Profit (loss) for the period9904€82,088€133,714€126,821€157,313€129,979€173,526€103,357€19,551▼ 81.1%
+ Depreciation and write-downs630€39,603€61,330€61,398€87,705€101,212€108,981€109,929€115,963▲ 5.5%
Operating cash flow (approximation)€121,691€195,043€188,219€245,017€231,191€282,507€213,286€135,514▼ 36.5%
Investment in fixed assets (approximation)--€343,218-€123,278-€128,965-€111,493-€67,047-€83,767-€50,391▲ 39.8%
Change in cash-€62,994€223,347-€102,928€207,485€51,217-€266,073-€108,829▲ 59.1%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Latest 10 of 33 filings with the National Bank
Financial year Type Filed Reference
31-12-2025 full format 07-09-2026 2026-00505934
31-12-2024 abbreviated format 26-09-2025 2025-00505699
31-12-2023 abbreviated format 30-09-2024 2024-00481965
31-12-2022 abbreviated format 01-09-2023 2023-00438209
31-12-2021 abbreviated format 06-10-2022 2022-20452980
31-12-2020 abbreviated format 31-08-2021 2021-65400098
31-12-2019 abbreviated format 21-10-2020 2020-62600415
31-12-2018 abbreviated format 30-08-2019 2019-63300315
31-12-2017 abbreviated format 31-08-2018 2018-60400506
31-12-2016 abbreviated format 31-08-2017 2017-59000067

Show all 33 filings

Similar companies · same sector, comparable size

Of the 5,994 active companies whose main activity is agents in non-specialised wholesale trade (NACE 46190), figures are known for 2,553. 691 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Subsidies and aid

Flemish government

2022 to 2025 · 5 entries · €30,017 awarded · €30,017 paid
Year Entries AwardedPaid
2025 1 €10,493€10,493
2024 1 €5,000€5,000
2023 1 €5,000€5,000
2022 2 €9,524€9,524
Schemes
4 entries · €29,678 · €29,678 paid · Vlaams Agentschap voor Internationaal Ondernemen
1 entry · €339 · €339 paid · Fonds voor Innoveren en Ondernemen

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.

Directors

Directors
under verification, last change in 2023
This board is reconstructed from a single act (23385734). A Gazette act generally publishes only CHANGES, not a full roll call, so directors unchanged since then may be missing here. The KBO register holds the complete list of function holders.

Board 3

COSIGN HOLDING
Director (not named in the articles) · Public limited company · permanent representative: FRANSENS Bert
Current
MCH
Director (not named in the articles) · Private limited company · permanent representative: CROONEN Michel
Current
PETER CROONEN
Director (not named in the articles) · Private limited company
Current

Permanent representatives 2

CROONEN Michel
Permanent representative · for MCH
Current
FRANSENS Bert
Permanent representative · for COSIGN HOLDING
Current
Derived from published Gazette deeds. The KBO keeps the official list of office holders; we do not read it, so the two can differ. See the directors and other office holders in the KBO →
Not every act has been read: a resignation may still be missing
6 of this company's 7 Belgian Official Gazette deeds have not been read yet. Appointments and resignations recorded in them are not yet in the list of directors: someone who resigned there may still be listed as sitting. The acts are in the Timeline.

Mandate history

4 people since 2023, 3 in office
Show
  • Board
  • Day-to-day management
  • began earlier
Mandates per person, with start and end dates
Name Functions and periods
COSIGN HOLDING
  • Director, until 31-08-2023
  • Director (not named in the articles), since before 31-08-2023
MCH
  • Director, until 31-08-2023
  • Director (not named in the articles), since before 31-08-2023
PETER CROONEN
  • Director, until 31-08-2023
  • Director (not named in the articles), since before 31-08-2023
I.Z.M
  • Director and managing director, until 31-08-2023
  • Director and managing director, until 31-08-2023
See the board, name and registered office on a given date →

Owners and capital

Owners

2 owners

Chain of control

  1. COSIGN HOLDING 58%
  2. Cosign

Highest known parent: COSIGN HOLDING. The sources do not say who stands above it.

According to the 2023 annual accounts of Cosign and those of the other companies, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.

Group and network

Holdings and subsidiaries

1 holding

Holdings 1

According to the 2023 annual accounts of Cosign and those of the other companies, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.

Connections & network

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History

On 9 December 1992, Cosign was incorporated.1 Total assets went from €5.1m in 2018 to €5.1m in 2025 and headcount from 8 to 8.3 full-time equivalents.2

  1. 1KBO register
  2. 2National Bank, annual accounts 2018 and 2025

Acts, filings and financial milestones

Next filing, financial year 2026, expected by 31-07-2027
2026
07-09
NBB filing Annual accounts filed
financial year 2025 · full format · 38 days late
2025
31-12
Financial Weakest financial yearnet €19,551 ▼81.1%
Net result drops to €19,551, the lowest in the series.
26-09
NBB filing Annual accounts filed
financial year 2024 · abbreviated format · 57 days late
2024
30-09
NBB filing Annual accounts filed
financial year 2023 · abbreviated format · 61 days late
2023
31-12
Financial Highest result from 2018 to 2025net €173,526 ▲33.5%
Operating result €253,456, net result €173,526, both a record.
01-09
NBB filing Annual accounts filed
financial year 2022 · abbreviated format · 32 days late
31-08
Gazette deed Resignations: COSIGN HOLDING, PETER CROONEN and 2 others
Reappointments: COSIGN HOLDING, PETER CROONEN and MCH · Permanent representatives: FRANSENS Bert, CROONEN Peter and CROONEN Michel · Amendment of the articles21 facts ▸
  • General meeting, 28-06-2023
  • Amendment of the articles (2 times)
  • Other provision, “wijziging voorwerp: verslag bestuursorgaan, integraal” (deed in Dutch)
  • Purpose change
  • Capital, €61,973.38
  • Director resignation, COSIGN HOLDING (director)
  • Director resignation, PETER CROONEN (director)
  • Director resignation, MCH (director)
  • Director discharge, COSIGN HOLDING
  • Director discharge, PETER CROONEN
  • Director discharge, MCH
  • Director reappointment, COSIGN HOLDING (director (not named in the articles))
  • +9 further facts in this act
2022
06-10
NBB filing Annual accounts filed
financial year 2021 · abbreviated format · 67 days late
2021
31-08
NBB filing Annual accounts filed
financial year 2020 · abbreviated format · 31 days late
2020
21-10
NBB filing Annual accounts filed
financial year 2019 · abbreviated format · 82 days late
2019
30-08
NBB filing Annual accounts filed
financial year 2018 · abbreviated format · 30 days late
2018
31-08
NBB filing Annual accounts filed
financial year 2017 · abbreviated format · 31 days late
2017
31-08
NBB filing Annual accounts filed
financial year 2016 · abbreviated format · 31 days late
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.Of the 33 annual accounts filed, the latest 10 are here; all 33 are under Financials.
1 of 7 deeds read
About the unread acts

Of the 7 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 6 have not been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Register details

Identification
Legal formPublic limited company
Founded09-12-1992
Financial year end31-12
Activities, NACEBEL 2025
46190Agents in non-specialised wholesale trade
46649Wholesale of other machinery and equipment
E-invoicing
Reachable via Peppol
Peppol ID 0208:0448977366
Also 9925:BE0448977366
Registered 09-12-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 24 October 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.

Environmental permits

3 applications in Flanders since 2017 · 1 granted
Bouwen of herbouwen; Een grond gebruiken, aanleggen of inrichten
Granted on 08-04-2019submitted 10-10-2018authority: Diestproject 2018117614
Bouwen of herbouwen; Een grond gebruiken, aanleggen of inrichten
Discontinued on 21-09-2018submitted 28-08-2018authority: Diestproject 2018095951
Bouwen of herbouwen; Een grond gebruiken, aanleggen of inrichten
Discontinued on 10-01-2018submitted 22-12-2017authority: Diestproject 2017010163

Source: Omgevingsloket Vlaanderen. Flanders only: Brussels and Wallonia do not publish the applicant.

Sites & property

Location & real-estate footprint
Registered office, Diest · 1 establishment unit since 1996
establishment The establishment unit on the map
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 KBO register.

Industriepark 32B3290 Diest
Ground area
6,448 m²
Building footprint
1,496 m²
Building volume
8,514 m³
Parcel 24120B0168/00V000, Flanders · tallest building 7.4 m. Linked by address, not a title deed.
1 establishment unit
Venusstraat 5, 3290 Diest
Wholesale of perfume and cosmetics
since 1996unit no. 2.060.171.221
1 parcel
Flanders 1 (100%)
Cadastral parcel Region Area Buildings Height / floors
24120B0168/00V000 Flanders 6,448 m² 1 · 1,496 m² 7.4 m · 2
How the parcels are linked
Good to know
The parcel matches the address exactly.

Articles of association

What the company does

PurposeThe activities the company may carry out under its articles.
“Productie, handel en plaatsing van signalisatie, reclamezuilen, vitrines, aankondigingspanelen, straatmeubilair, gevelletters…” (deed in Dutch)
13 activities (deed in Dutch)
  1. Productie, handel en plaatsing van signalisatie, reclamezuilen, vitrines, aankondigingspanelen, straatmeubilair, gevelletters, lichtreclames, frames & displays;
  2. Handel in LED modules, LED schermen, LED strips, LED lijnen, LED producten in de ruimste zin van het woord, elektrische voedingen en sturingen;
  3. Het uitvoeren van lichtstudies en studies van bewegwijzering, inrichting en veiligheid;
  4. Productie en handel van meubilair in de ruimste zin van het woord;
  5. Verlenen van advies in het kader van bedrijfsvoering en dit op het vlak van financiële, commerciële, technische en sociale aangelegenheden;
  6. De aan- en verkoop, het in erfpacht nemen en geven van onroerende goederen, het bouwrijp maken van terreinen met het oog op de wederverkoop, al dan niet in samenwerking met derden aan wie het recht kan worden verleend hierop voor eigen rekening te bouwen en te verbouwen – zoals woningen, nutsbedrijven, hallen, appartementen, kantoren, winkels en om het even welke constructie met het oog op tekoopstelling, alle aannemingswerken uit te voeren of te laten uitvoeren, de promotie in het algemeen, de studie, het verlenen van deskundig advies en de schatting van onroerende goederen, de ontwikkeling, de commercialisatie, belegging, financiering van en de begeleiding bij alle projecten betreffende onroerende goederen, de verkaveling en het in staat brengen door urbanisatie;
  7. Het leveren van diensten van projectmanagement, waaronder het uitvoeren van haalbaarheidsstudies, het opstellen of laten opstellen van ontwerpen, plannen en beschrijvingen die in bestekken moeten worden ingelast, het voorbereiden van documenten voor offerte-aanvragen, met inbegrip van contractvoorwaarden, het geven van adviezen op technisch vlak, het beheer van de uitvoering van werken, het waarmerken van betalingsaanvragen, het vaststellen van gebreken, het nemen van maatregelen indien er zich omstandigheden zouden voordoen die de stipte uitvoering van werken in het gedrang brengen, het uitvoeren van inspecties en keuringen, het verlenen van bijstand bij voorlopige en definitieve opleveringen;
  8. Adviesverlening inzake onroerende goederen en onroerende beleggingen;
  9. Het beleggen van vermogens, het beheer van onroerend vermogen en de huurfinanciering van onroerende goederen aan derden, alsmede alle herstellingen die rechtstreeks met dit voorwerp in verband staan en die van aard zijn de opbrengst van de onroerende goederen te bevorderen, zoals het onderhoud, de ontwikkeling, de verfraaiing, de aan- en verkoop, de huur en verhuring van deze goederen, alsmede de borgstelling voor de goede afloop van verbintenissen voor derden aangegaan die het genot zouden hebben van deze onroerende goederen;
  10. De verwerving, vervreemding, het beheer, de uitbating, de valorisatie, het huren en verhuren, de ordeningen van onroerende goederen;
  11. Managementactiviteiten van holdings : tussenkomen in het dagelijks bestuur, vertegenwoordigen van bedrijven op grond van bezit van of controle over het maatschappelijk kapitaal, enz.;
  12. Adviesbureaus op het gebied van public relations en communicatie;
  13. Alle overige zakelijke adviesverlening;

The full purpose is in the deed

DurationHow long the company exists; usually unlimited, so until it is dissolved.
Unlimited
Name clauseThe name the company operates under according to its articles.
COSIGN
Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
“Vlaams Gewest, administratieve zetels, agentschappen, werkhuizen, stapelplaatsen en bijkantoren in België of buitenland bij enkel besluit…” (deed in Dutch)

deed of 31-08-2023

Who represents it, and how

Board ruleHow the board is made up, meets and takes decisions.
“Bij staking van stemmen voorstel verworpen, raad kiest voorzitter uit midden” (deed in Dutch)
“Bij elke benoeming, of en in welke mate mandaat bestuurder bezoldigd met vaste of variabele vergoeding” (deed in Dutch)
Power of attorneyA special mandate allowing someone to perform one or more acts on the company's behalf.
One provision in the deed

deed of 31-08-2023

Capital, shares and profit

Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
One provision in the deed

deed of 31-08-2023

Meetings and financial year

Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
“DERDE BESLUIT - WIJZIGING VAN DE DATUM VAN DE ALGEMENE VERGADERING De vergadering beslist om de datum van de jaarvergadering te wijzigen…” (deed in Dutch)

deed of 31-08-2023

Oversight and winding up

Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
“Één of meer vereffenaars, bestuursorgaan in functie als college van vereffenaars bij gebrek benoeming” (deed in Dutch)
“Alle verrichtingen vermeld in de wet, algemene vergadering anders bij gewone meerderheid” (deed in Dutch)

deed of 31-08-2023

Other provisionsOther rules from the articles that fall under none of the themes above.

Other provision: “Verhoging en vermindering van kapitaal en gesplitst eigendomsrecht, Artikel 6” (deed in Dutch)
Other provision: “Voorkeurrecht op inschrijving van kapitaal in geld, Artikel 7” (deed in Dutch)
Other provision: “Opvraging van stortingen, Artikel 8” (deed in Dutch)
Other provision: “Op naam, Aard van de aandelen” (deed in Dutch)
Other provision: “Op naam, Aard van de andere effecten” (deed in Dutch)
Other provision: “Ondeelbaarheid van de aandelen, Artikel 11” (deed in Dutch)
Other provision: “Dagelijks bestuur, raad kan hen op elk ogenblik ontslaan” (deed in Dutch)
Other provision: “Controle financiële toestand, jaarrekening en regelmatigheid weer te geven verrichtingen, benoeming commissarissen” (deed in Dutch)
Other provision: “Organisatie en bijeenroeping algemene vergadering, eenieder kan verzaken binnen wettelijke beperkingen, geacht regelmatig opgeroepen indien…” (deed in Dutch)
Other provision: “Toelating algemene vergadering, rechten mogen niet geschorst zijn; indien enkel stemrechten geschorst mag nog deelnemen zonder stemming” (deed in Dutch)
Other provision: “Aanwezigheidslijst, alvorens vergadering begonnen” (deed in Dutch)
Other provision: “Voorzitter raad van bestuur, bij ontstentenis ondervoorzitter, bij gebrek andere bestuurder aangewezen door collega's, samenstelling bureau” (deed in Dutch)
Other provision: “Bevoegdheid algemene vergadering, algemene vergadering van aandeelhouders” (deed in Dutch)
Other provision: “Binnen wettelijke grenzen, schriftelijke algemene vergadering” (deed in Dutch)
Other provision: “Elektronische algemene vergadering, procedures toegankelijk op website” (deed in Dutch)
Other provision: “Stemrecht, gevallen voorzien door wet of statuten” (deed in Dutch)
Other provision: “Bestuursorgaan, verdaging algemene vergadering” (deed in Dutch)
Other provision: “Bestemming winst, jaarvergadering bij gewone meerderheid op voorstel bestuursorgaan” (deed in Dutch)
Other provision: “Uitkering dividenden en interimdividenden, bestuursorgaan” (deed in Dutch)
Liquidation distribution: “Aanzuivering schulden lasten kosten of consignatie, netto-actief in geld of effecten onder aandeelhouders naar verhouding aantal aandelen” (deed in Dutch)
Other provision: “Woonplaats kiezen in België, keuze woonplaats” (deed in Dutch)
4 more provisions in the deed, see the deed of 31-08-2023

deed of 31-08-2023