COSMO
ActiveSummary
COSMO has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €3.0m and a net result of €113,503. Equity is growing by ~12.6% per year across the filed fiscal years. Its solvency ranks better than 34% of 7461 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability55▼-8
Solvency57▼-1
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €170,000 at 30 days acceptable
Liquidity tight (current ratio 1.44 against 1.75 in 2023; short-term debt: 34.1% and cash: 1.9% of total assets), and 67.8% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
32.2%
Return on assets
1.2%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-07-2025, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
3 d early
2023
27 d late
2022
3 d early
2021
31 d early
2020
8 d early
2019
74 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 15 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
In the rankings
#3 company by total assets in Dendermonde, Construction sector#5 company by equity in Dendermonde, Construction sector#7 employer in Dendermonde, Construction sector
Equity
€3.0m▲ 3.9%
2023 · €2.9m
Total assets
€9.5m▲ 5.3%
2023 · €9.0m
Net result
€113,503▼ 64.7%
2023 · €321,222
Working capital
€1.4m▼ 33.5%
2023 · €2.2m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€743,570▲ 21.9%€489,604▼ 34.2%€484,238▼ 1.1%€499,653▲ 3.2%€233,089▼ 53.3%
Net result€419,470above the sector's middle half▲ 2.1%€301,545above the sector's middle half▼ 28.1%€286,522above the sector's middle half▼ 5.0%€321,222above the sector's middle half▲ 12.1%€113,503within the sector's middle half▼ 64.7%
Equity€2.0mabove the sector's middle half▲ 26.1%€2.3mabove the sector's middle half▲ 14.9%€2.6mabove the sector's middle half▲ 12.3%€2.9mabove the sector's middle half▲ 12.3%€3.0mabove the sector's middle half▲ 3.9%
Total assets€6.3mabove the sector's middle half▼ 2.6%€6.4mabove the sector's middle half▲ 1.2%€8.8mabove the sector's middle half▲ 38.4%€9.0mabove the sector's middle half▲ 1.7%€9.5mabove the sector's middle half▲ 5.3%
Debt€4.3m▼ 12.0%€4.1m▼ 5.3%€6.2m▲ 53.4%€6.1m▼ 2.7%€6.4m▲ 6.0%
Working capital€461,578above the sector's middle half▼ 82.4%€630,913above the sector's middle half▲ 36.7%€537,651above the sector's middle half▼ 14.8%€2.2mabove the sector's middle half▲ 302%€1.4mabove the sector's middle half▼ 33.5%
Solvency32.1%within the sector's middle half▲ 7.3pp36.4%within the sector's middle half▲ 4.3pp29.6%within the sector's middle half▼ 6.9pp32.6%within the sector's middle half▲ 3.1pp32.2%within the sector's middle half▼ 0.5pp
Current ratio1.18within the sector's middle half▼ 1.041.24within the sector's middle half▲ 0.061.19within the sector's middle half▼ 0.051.75within the sector's middle half▲ 0.561.44within the sector's middle half▼ 0.30
Return on assets (ROA)6.6%within the sector's middle half▲ 0.3pp4.7%within the sector's middle half▼ 1.9pp3.2%within the sector's middle half▼ 1.5pp3.6%within the sector's middle half▲ 0.3pp1.2%within the sector's middle half▼ 2.4pp
Staff (FTE)41.7above the sector's middle half▲ 11.5%39.2above the sector's middle half▼ 6.0%37.4above the sector's middle half▼ 4.6%33.5above the sector's middle half▼ 10.4%35.6above the sector's middle half▲ 6.3%
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 53% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €9.5m
Fixed assets
€4.8m ▲ 22.0%
Current assets
€4.7m ▼ 7.6%
Equity and liabilities €9.5m
Equity
€3.0m ▲ 3.9%
Debt
€6.4m ▲ 6.0%
Debt's share of the balance-sheet total rises from 67.4% to 67.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€701,652▼
2023 · €909,923
Cash flow
€582,065▼
2023 · €731,492
Quick ratio
1.32▼
2023 · 1.63
Debt to equity
2.11▲
2023 · 2.07
ROE
3.7%▼
2023 · 10.9%
Interest coverage
4.21▼
2023 · 4.83
Debt ≤ 1 year
€3.2m▲
2023 · €2.9m
Debt > 1 year
€3.2m▲
2023 · €3.2m
Income taxes
€20,791▼
2023 · €28,227
Staff costs
€2.2m▲
2023 · €2.2m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 14,733 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 96% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.2%
went bankrupt
3.5%
stopped otherwise
96%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 0.6% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 14,733 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
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €2.1m | €2.1m | €2.2m | €2.2m | ▲ 1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €264,910 | €243,504 | €496,541 | €410,270 | €468,562 | ▲ 14.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €16,360 | €0 | - | €157,877 | - |
| Other operating charges640/8 | - | €64,882 | €66,644 | €56,598 | €80,331 | ▲ 41.9% |
| Gross operating margin9900 | €2.9m | €3.0m | €3.2m | €3.1m | €3.1m | ▲ 0.4% |
| Operating profit (loss)9901 | €743,570 | €489,604 | €484,238 | €499,653 | €233,089 | ▼ 53.3% |
| Financial income75/76B | - | €4,139 | €5,661 | €38,342 | €67,738 | ▲ 76.7% |
| Recurring financial income75 | €1,801 | €4,139 | €5,661 | €38,342 | €67,738 | ▲ 76.7% |
| Financial charges65/66B | - | €94,479 | €114,625 | €188,546 | €166,533 | ▼ 11.7% |
| Recurring financial charges65 | €66,416 | €94,479 | €114,625 | €188,546 | €166,533 | ▼ 11.7% |
| Profit (loss) for the period before taxes9903 | €678,955 | €399,264 | €375,274 | €349,449 | €134,294 | ▼ 61.6% |
| Income taxes67/77 | €259,484 | €97,720 | €88,753 | €28,227 | €20,791 | ▼ 26.3% |
| Profit (loss) for the period9904 | €419,470 | €301,545 | €286,522 | €321,222 | €113,503 | ▼ 64.7% |
| Transfer from tax-exempt reserves789 | - | €31,279 | €185,721 | €106,800 | €355,219 | ▲ 233% |
| Transfer to tax-exempt reserves689 | - | €146,000 | €148,700 | €171,100 | €84,200 | ▼ 50.8% |
| Profit (loss) for the period to be appropriated9905 | €82,670 | €186,824 | €323,543 | €256,922 | €384,522 | ▲ 49.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €6.3m | €6.4m | €8.8m | €9.0m | €9.5m | ▲ 5.3% |
| Fixed assets21/28 | €3.3m | €3.1m | €5.5m | €3.9m | €4.8m | ▲ 22.0% |
| Tangible fixed assets22/27 | €1.5m | €1.4m | €1.9m | €1.7m | €2.5m | ▲ 51.7% |
| Land and buildings22 | - | €1.2m | €1.0m | €858,777 | €729,264 | ▼ 15.1% |
| Plant, machinery and equipment23 | - | €201,372 | €136,188 | €299,806 | €719,032 | ▲ 140% |
| Furniture and vehicles24 | - | €20,686 | €16,303 | €14,084 | €15,351 | ▲ 9.0% |
| Leasing and similar rights25 | - | - | €682,162 | €504,031 | €1.1m | ▲ 114% |
| Financial fixed assets28 | €1.7m | €1.7m | €3.6m | €2.3m | €2.3m | = |
| Current assets29/58 | €3.0m | €3.3m | €3.3m | €5.1m | €4.7m | ▼ 7.6% |
| Amounts receivable after more than one year29 | - | - | - | €1.5m | €1.5m | = |
| Other amounts receivable291 | - | - | - | €1.5m | €1.5m | = |
| Stocks and contracts in progress3 | - | - | €350,647 | €351,252 | €393,252 | ▲ 12.0% |
| Stocks30/36 | - | - | €79,126 | €77,252 | €77,252 | = |
| Contracts in progress37 | - | - | €271,521 | €274,000 | €316,000 | ▲ 15.3% |
| Amounts receivable within one year40/41 | €2.7m | €3.1m | €2.7m | €2.7m | €2.5m | ▼ 9.6% |
| Trade receivables40 | - | €2.3m | €2.0m | €2.1m | €1.9m | ▼ 9.0% |
| Other amounts receivable41 | - | €770,054 | €691,979 | €645,654 | €570,768 | ▼ 11.6% |
| Cash at bank and in hand54/58 | €204,295 | €148,353 | €263,118 | €443,321 | €180,577 | ▼ 59.3% |
| Deferred charges and accrued income490/1 | - | €19,694 | €3,879 | €36,300 | €132,651 | ▲ 265% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €6.3m | €6.4m | €8.8m | €9.0m | €9.5m | ▲ 5.3% |
| Equity10/15 | €2.0m | €2.3m | €2.6m | €2.9m | €3.0m | ▲ 3.9% |
| Contributions10/11 | - | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Reserves13 | €2.0m | €2.3m | €2.6m | €2.9m | €3.0m | ▲ 3.9% |
| Non-distributable reserves130/1 | - | €6,200 | €6,200 | €0 | - | - |
| Reserves not available under the articles1311 | - | €6,200 | €6,200 | €0 | - | - |
| Tax-exempt reserves132 | - | €730,521 | €693,500 | €757,800 | €486,781 | ▼ 35.8% |
| Distributable reserves133 | - | €1.5m | €1.9m | €2.1m | €2.5m | ▲ 18.2% |
| Profit (loss) carried forward14 | €1.0m | - | - | - | - | - |
| Amounts payable17/49 | €4.3m | €4.1m | €6.2m | €6.1m | €6.4m | ▲ 6.0% |
| Amounts payable after more than one year17 | €1.7m | €1.4m | €3.4m | €3.2m | €3.2m | ▲ 0.9% |
| Financial debts170/4 | - | €1.4m | €3.4m | €3.2m | €3.2m | ▲ 0.9% |
| Amounts payable within one year42/48 | €2.6m | €2.6m | €2.8m | €2.9m | €3.2m | ▲ 11.7% |
| Current portion of amounts payable after more than one year42 | - | €523,183 | €680,093 | €700,107 | €781,394 | ▲ 11.6% |
| Financial debts43 | - | €910,000 | €910,000 | €951,699 | €1.1m | ▲ 11.2% |
| Credit institutions430/8 | - | €910,000 | €910,000 | €951,699 | €950,001 | ▼ 0.2% |
| Other loans439 | - | - | - | - | €108,155 | - |
| Trade debts44 | €973,389 | €1.1m | €964,558 | €1.1m | €1.3m | ▲ 16.6% |
| Suppliers440/4 | - | €1.1m | €964,558 | €1.1m | €1.3m | ▲ 16.6% |
| Taxes, remuneration and social security45 | - | €48,155 | €250,035 | €136,979 | €99,793 | ▼ 27.1% |
| Taxes450/3 | - | - | €98,513 | €1,592 | €3,076 | ▲ 93.2% |
| Remuneration and social security454/9 | - | €48,155 | €151,522 | €135,387 | €96,717 | ▼ 28.6% |
| Other amounts payable47/48 | - | €50,000 | €0 | - | €5,190 | - |
| Accrued charges and deferred income492/3 | - | - | €1,196 | €0 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €419,470 | €301,545 | €286,522 | €321,222 | €113,503 | ▼ 64.7% |
| + Depreciation and write-downs630 | €264,910 | €243,504 | €496,541 | €410,270 | €468,562 | ▲ 14.2% |
| Operating cash flow (approximation) | €684,380 | €545,049 | €783,063 | €731,492 | €582,065 | ▼ 20.4% |
| Investment in fixed assets (approximation) | - | -€95,371 | -€2.9m | €1.2m | -€1.3m | ▼ 216% |
| Change in cash | - | -€55,942 | €114,764 | €180,203 | -€262,744 | ▼ 246% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
28-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet €113,503 ▼64.7%
Net result drops to €113,503, the lowest in the series.
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 27 days late
2023
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
23-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Highest result since 2018net €419,470 ▲2.1%
Operating result €743,570, net result €419,470, both a record.
31-12
Financial
Equity above €2mEq €2.0m ▲26.1%
3 profitable years in a row build equity to €2.0m.
18-05
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
23-04
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
02-05
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
20-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 173 days late
2016
04-04
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
5 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Dendermonde · 1 establishment unit since 1993
Ground area
750 m²
Building footprint
227 m²
Volume, LiDAR
1,740 m³
Parcel 42002C0495/00F004, Flanders · tallest building 8.8 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Fabriekstraat (BAA) 47, 9200 Dendermonde
since 19932.061.309.881
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42002C0495/00F004 | Flanders | 750 m² | 1 · 227 m² | 8.8 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
1 owner · 2 holdingsChain of control
- M.D.V.
- COSMO
Highest known parent: M.D.V.. The sources do not say who stands above it.
Owners 1
- M.D.V.parent100%
Holdings 2
- Lievens Industrial TechnicssubsidiaryEquity €419,248Result €42,183100%
-
99.96%
According to the 2024 annual accounts of COSMO and those of the other companies, the acts in the Belgian Gazette and the LEI register. 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 fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 5 entries · 7,541 EUR awarded · 7,713 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 373 EUR | 590 EUR |
| 2024 | 1 | 1,115 EUR | 1,570 EUR |
| 2023 | 2 | 5,285 EUR | 5,487 EUR |
| 2022 | 1 | 768 EUR | 66 EUR |
Recognitions · licences · registrations
Recognised contractor
1 categoryCOSMO BV21422
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Of 1,366 companies in sector 43110 we hold annual accounts for 635. 184 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded01-10-1992
Fiscal year end31-12
Activities, NACEBEL 2025
43110Demolition
38210Materials recovery from waste
43120Site preparation
68203Renting and operating of own or leased non-residential real estate, excluding land
E-invoicing
Reachable via Peppol
Peppol ID
0208:0448313610
Also
9925:BE0448313610
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.