COSMEX

Active

Private limited companyfounded 20215 yrs activeRue François Englert 10, 1480 Tubize, BelgiumKBO/BCE: BE 0765.522.317

The computed 12-month bankruptcy probability of COSMEX is 3.7% (moderate). The 2024 annual accounts show equity of €404k and a net result of €5k. Equity is growing by ~11.4% per year across the filed fiscal years. Its solvency ranks better than 13% of 5989 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

38 / 100

Weak

The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability69=

Solvency33▼-2

Growth52=

Track record94

Bankruptcy probability, 12 months

3.7% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €15k at 30 days only on tighter terms

Liquidity short (current ratio 0.97 against 1.08 in 2023; short-term debt: 82.7% and cash: 6.1% of total assets), and 92.2% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Seven signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Multiple establishment units

Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.

KBO · establishment units

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 46

Relative position

BE, all sectors

reference

Sector 46

higher

← fewer bankruptcies more bankruptcies →

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 13% of 5989 sector peers (2024).

NBB · sector comparison

Position among 5989 sector peers

Solvency

better than 13%

← weakest strongest →

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 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 · 4 filings

Deviation from the deadline

2025

not confirmed

2024

29 d late

2023

37 d early

2022

29 d late

2021

16 d late

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, full schema

Turnover

Not included in this filing

EBIT margin

Not included in this filing

Net result

€5k▼ 78.3%

2023 · €25k

2021: €114k 2022: €160k 2023: €25k

2021 → 2024

Working capital

€-108k

2023 · €253k

2021: €143k 2022: €95k 2023: €253k

2021 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line2021202220232024Trend

Equity€214k-€373k▲ 74.8%€398k▲ 6.6%€404k▲ 1.4%

Operating result€160k-€229k▲ 43.3%€67k▼ 70.8%€67k=

Net result€114k-€160k▲ 40.6%€25k▼ 84.5%€5k▼ 78.3%

Result per fiscal year

Operating resultNet result

The operating result has fallen two years in a row; 2024 is 0% below 2023 and is the lowest result in the available series.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €5.20M

19.4%

80.6%

Fixed assets €1.01M▲ 15.2%

Current assets €4.19M▲ 28.0%

Equity and liabilities €5.20M

92.2%

Equity €404k▲ 1.4%

Debt €4.80M▲ 27.9%

The debt ratio rises from 90.4% to 92.2%. Equity and debt are higher.

Key figures and ratios

2024 value · change against 2023

EBITDA

€265k▲

2023 · €226k

Cash flow

€204k▲

2023 · €184k

Solvency

7.8%▼

2023 · 9.6%

Current ratio

0.97▼

2023 · 1.08

Quick ratio

0.64▼

2023 · 0.78

Debt / equity

11.88▲

2023 · 9.42

ROE

1.3%▼

2023 · 6.2%

ROA

0.1%▼

2023 · 0.6%

Interest coverage

7.19▼

2023 · 9.51

Debt

€4.80M▲

2023 · €3.75M

Debt ≤ 1 year

€4.30M▲

2023 · €3.02M

Debt > 1 year

€468k▼

2023 · €690k

Income taxes

€25k▲

2023 · €19k

Staff costs

€798k▲

2023 · €613k

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 · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€4.15M€5.20M▲

Fixed assets21/28€875k€1.01M▲

Intangible fixed assets21€452k€339k▼

Tangible fixed assets22/27€422k€522k▲

Land and buildings22€286k€277k▼

Plant, machinery and equipment23€24k€136k▲

Furniture and vehicles24€112k€109k▼

Financial fixed assets28€1k€146k▲

Current assets29/58€3.27M€4.19M▲

Stocks and contracts in progress3€920k€1.42M▲

Stocks30/36€920k€1.42M▲

Amounts receivable within one year40/41€1.84M€2.32M▲

Trade receivables40€1.72M€2.23M▲

Other amounts receivable41€111k€86k▼

Cash at bank and in hand54/58€517k€317k▼

Deferred charges and accrued income490/1-€139k

Equity and liabilities

Total equity and liabilities10/49€4.15M€5.20M▲

Equity10/15€398k€404k▲

Contributions10/11€100k€100k=

Profit (loss) carried forward14€298k€304k▲

Amounts payable17/49€3.75M€4.80M▲

Amounts payable after more than one year17€690k€468k▼

Financial debts170/4€690k€468k▼

Amounts payable within one year42/48€3.02M€4.30M▲

Current portion of amounts payable after more than one year42€258k€222k▼

Financial debts43€1k€297k▲

Credit institutions430/8€1k€297k▲

Trade debts44€2.67M€3.52M▲

Suppliers440/4€2.67M€3.52M▲

Taxes, remuneration and social security45€95k€117k▲

Taxes450/3€19k€25k▲

Remuneration and social security454/9€76k€92k▲

Other amounts payable47/48-€147k

Accrued charges and deferred income492/3€40k€28k▼

Income statement Code20232024

Remuneration, social security and pensions62€613k€798k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€159k€199k▲

Other operating charges640/8€12k€6k▼

Gross operating margin9900€850k€1.07M▲

Operating profit (loss)9901€67k€67k=

Financial income75/76B€1k€573▼

Recurring financial income75€1k€573▼

Financial charges65/66B€24k€37k▲

Recurring financial charges65€24k€37k▲

Profit (loss) for the period before taxes9903€44k€30k▼

Income taxes67/77€19k€25k▲

Profit (loss) for the period9904€25k€5k▼

Profit (loss) for the period to be appropriated9905€25k€5k▼

Appropriation of the result

Profit (loss) to be appropriated9906€298k€304k▲

Profit (loss) brought forward from the previous period14P€273k€298k▲

Social balance

Average headcount (FTE)90879.912.7▲

The notes to these accounts (15 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 7Financial 2Gazette 1Filings 4

2026

30-01

State Gazette act Capital & shares · Purpose · Statutes amendment · Resignations & appointments · Restructuring

General meeting · Demerger · Accounting effect10 facts ▸

General meeting, 2025-12-29
Demerger, scission partielle par constitution d'une nouvelle société, 3.056.524,31
Accounting effect, 2025-10-01
Net-asset statement, 2025-09-30
Purpose change, La société a pour objet, pour compte propre, pour compte de tiers ou en participation, en Belgique et à l'étranger, toutes opérations généralement quelconques,…
Statutes amendment
Statutes amendment
Power of attorney, INTERCONCEPT
Power of attorney, MEDICAZU CONSULTING & CONCEPT
Power of attorney, Philippe Vernimmen

2025

29-08

NBB filing Annual accounts filed

fiscal year 2024 · full schema · 29 days late

2024

31-12

Financial Weakest financial yearnet €5k ▼78.3%

Net result drops to €5k, the lowest in the series.

24-06

NBB filing Annual accounts filed

fiscal year 2023 · full schema

2023

29-08

NBB filing Annual accounts filed

fiscal year 2022 · full schema · 29 days late

2022

31-12

Financial Highest result since 2021net €160k ▲40.6%

Operating result €229k, net result €160k, both a record.

16-08

NBB filing Annual accounts filed

fiscal year 2021 · full schema · 16 days late

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

5 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.

Location & real-estate footprint

Registered office, Tubize · 5 establishment units since 2021

establishment All 5 establishment units 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 Crossroads Bank.

Rue François Englert 101480 Tubize

Ground area

2.0 ha

Building footprint

5,525 m²

Volume, LiDAR

37,829 m³

5 parcels, Brussels, Flanders, Wallonia · tallest building 23.6 m, ±8 floors. Linked by address, not a title deed.

5 establishment units

COSMEX

Agents in non-specialised wholesale trade

since 20212.316.066.624

COSMEX

Middelweg 90, 1130 BrusselWholesale of other food products

since 20212.316.066.723

Rue Emile Vandervelde 30, 4624 Fléron

Wholesale of other food products

since 20212.322.347.274

Alsembergsesteenweg 147, 1630 Linkebeek

Office administrative, office support and other business support activities

since 20222.339.249.129

Cosmex

Rue François Englert 10, 1480 TubizeAgents in non-specialised wholesale trade

since 20242.359.668.916

5 parcels

Flanders 1 (20%) Wallonia 2 (40%) Brussels 2 (40%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
21821B0196/00D000	Brussels	1.4 ha	1 · 4,698 m²	9.3 m · 2 fl.
25105A0528/00B000	Wallonia	3,243 m²	-	-
22003A0119/00Y000	Flanders	1,353 m²	1 · 629 m²	21.8 m · 1 fl.
62089A0704/00R002	Wallonia	1,135 m²	1 · 99 m²	10.6 m · 3 fl.
21803C0244/00A002	Brussels	100 m²	1 · 99 m²	23.6 m · 8 fl.