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COSMO

Active
Private limited companyfounded 1992active for 34 yearsFabriekstraat (BAA) 47, 9200 Dendermonde, Belgium14 active companies are registered at this addressKBO/BCE: BE 0448.313.610
Summary

COSMO has been active since 1992 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.3m and a net result of €287,502. Equity is growing by about 12% per year across the filed financial years. Its solvency ranks better than 38% of 9,865 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).

Overview

Activity
Demolition
NACE 43110
3rd largest company by total assets in Dendermonde, Construction sector1 site
Size
≈ €9.5mturnover 2025, estimated
Staff
34.1 FTE
Equity
€3.3m
Profit
€287,502
Turnover estimated from the gross margin
Financial health
83 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.4%
Structure
Parent
M.D.V. · 100%
Holdings
2
2025 accounts 44 days early1 of 5 deeds summarised
Why 83raises riskLiquidity: current ratio 1.33, cash €512,021Sector: Specialised construction activities (NACE 43)lowers riskFounded in 1992Figures for financial year 2025 (filed 17-06-2026)Show the evidence

Checked score

Score 2025
83 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 46% of its sector peers (NACE 43, small)
Financial strength · tick = 2024
Average
Solvency 60+3
equity 34.7% of total assets
Liquidity 38+1
short-term debt 40.3% · cash 5.3%
Profitability 70+15
return on assets 3.0%
Bankruptcy probability, 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%

About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (2,646 companies, NACE 43, small)
Last 24 months 11-2024: 0.1%lowest value 12-2024: 0.1%● unchanged vs 11-2024lowest value 01-2025: 0.1%● unchanged vs 12-2024 02-2025: 0.1%● unchanged vs 01-2025 03-2025: 0.1%● unchanged vs 02-2025 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: 0.2%▲ +0.1 percentage points vs 06-2025 08-2025: 0.7%▲ +0.5 percentage points vs 07-2025 09-2025: 0.7%● unchanged vs 08-2025 10-2025: 0.6%▼ -0.1 percentage points vs 09-2025 11-2025: 0.6%● unchanged vs 10-2025 12-2025: 0.6%● unchanged vs 11-2025 01-2026: 0.6%● unchanged vs 12-2025 02-2026: 0.6%● unchanged vs 01-2026 03-2026: 0.6%● unchanged vs 02-2026 04-2026: 0.6%● unchanged vs 03-2026 05-2026: 0.7%▲ +0.1 percentage points vs 04-2026 06-2026: 0.7%● unchanged vs 05-2026 07-2026: 0.7%● unchanged vs 06-2026 08-2026: 1.3%▲ +0.6 percentage points vs 07-2026 09-2026: 1.6%▲ +0.3 percentage points vs 08-2026highest value 10-2026: 0.4%▼ -1.2 percentage points vs 09-2026
Credit of up to €270,000 on 30-day terms is acceptable
Liquidity tight (current ratio 1.33, compared with 1.44 in 2024, below the usual 1.5; short-term debt: 40.3% and cash: 5.3% of total assets), and 65.3% 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 43, small): better than 45% on solvency, 36% on liquidity, 42% on profitability and 60% on growth.

The bankruptcy probability was computed on 30-10-2026 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).

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Signals

Five signals.
lowers riskraises riskneutral
raises risk · Liquidity: current ratio 1.33, cash €512,021
NBB · annual accounts
raises risk · Sector: Specialised construction activities (NACE 43)
KBO
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
lowers risk · Figures for financial year 2025 (filed 17-06-2026)
NBB · annual accounts
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 17-06-2026, 44 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
44 days early
2024
3 days early
2023
27 days late
2022
3 days early
2021
31 days early
2020
8 days early
2019
74 days early
← 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 19 days before the deadline; the sector median (NACE 43) for financial year 2024 is 1 day before the deadline, and 43% 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 28 July (4 of the last 5 filed years within 31 days of that day).
Companies Code · seven months
Where today falls in the filing period
31-10-2026 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 · abbreviated…
  2. Annual accounts filedfinancial year 2024 · abbreviated…
  3. Weakest financial yearnet €113,503 ▼64.7%

Financials · financial year 2025, abbreviated format

Turnover
≈ €9.5m
Estimated: probably between €7.2m and €13.0m
Total assets
€9.6m▲ 1.5%
2024 · €9.5m
Net result
€287,502▲ 153%
2024 · €113,503
Working capital
€1.3m▼ 12.4%
2024 · €1.4m
Trend over the years

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

The operating result recovers in 2025; 2025 is 133% above 2024 and is the highest 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€0.5m 2025 Net result€0.3m 2025

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

Sector: the middle half of NACE 43, Specialised construction activities: 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€0.4m-€0.6m▲ 56.4%€0.7m▲ 21.9%€0.5m▼ 34.2%€0.5m▼ 1.1%€0.5m▲ 3.2%€0.2m▼ 53.3%€0.5m▲ 133%
Net result€0.3m-€0.4m▲ 58.8%€0.4mabove the sector's middle half▲ 2.1%€0.3mabove the sector's middle half▼ 28.1%€0.3mabove the sector's middle half▼ 5.0%€0.3mabove the sector's middle half▲ 12.1%€0.1mwithin the sector's middle half▼ 64.7%€0.3mabove the sector's middle half▲ 153%
Equity€1.4m-€1.6m▲ 11.1%€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%€3.3mabove the sector's middle half▲ 9.4%
Total assets€6.3m-€6.5m▲ 2.4%€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%€9.6mabove the sector's middle half▲ 1.5%
Debt€4.9m-€4.9m▼ 0.2%€4.3m▼ 12.0%€4.1m▼ 5.3%€6.2m▲ 53.4%€6.1m▼ 2.7%€6.4m▲ 6.0%€6.3m▼ 2.2%
Working capital€2.2m-€2.6m▲ 20.4%€0.5mabove the sector's middle half▼ 82.4%€0.6mabove the sector's middle half▲ 36.7%€0.5mabove the sector's middle half▼ 14.8%€2.2mabove the sector's middle half▲ 302%€1.4mabove the sector's middle half▼ 33.5%€1.3mabove the sector's middle half▼ 12.4%
Solvency22.8%-24.8%▲ 1.9pp32.1%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▼ 0.5pp34.7%within the sector's middle half▲ 2.5pp
Current ratio1.96-2.22▲ 0.261.18within 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▼ 0.301.33within the sector's middle half▼ 0.12
Return on assets (ROA)4.1%-6.3%▲ 2.3pp6.6%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▼ 2.4pp3.0%within the sector's middle half▲ 1.8pp
Staff (FTE)37.5-37.4▼ 0.3%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%34.1above the sector's middle half▼ 4.2%
above within below the middle half of NACE 43, Specialised construction activities: 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.
Turnover and EBIT margin not published: the abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €9.6m
Fixed assets €4.5m ▼ 6.6%
Current assets €5.1m ▲ 9.9%
Equity and liabilities €9.6m
Equity €3.3m ▲ 9.4%
Debt €6.3m ▼ 2.2%
Debt's share of the balance-sheet total falls from 67.8% to 65.3%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€1.1m▲
2024 · €701,652
Cash flow
€823,294▲
2024 · €582,065
Quick ratio
1.27▼
2024 · 1.32
Debt to equity
1.88▼
2024 · 2.11
ROE
8.6%▲
2024 · 3.7%
Interest coverage
5.73▲
2024 · 4.21
Debt ≤ 1 year
€3.9m▲
2024 · €3.2m
Debt > 1 year
€2.4m▼
2024 · €3.2m
Income taxes
€87,524▲
2024 · €20,791
Staff costs
€2.2m▼
2024 · €2.2m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 14,766 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 96.2% 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
96.2% still going

A further 0.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.4% 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 497,445 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 14,766 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 · 59 lines
Balance sheet Code20242025
Assets
Total assets20/58€9.5m€9.6m▲
Fixed assets21/28€4.8m€4.5m▼
Tangible fixed assets22/27€2.5m€2.2m▼
Land and buildings22€0.7m€0.6m▼
Plant, machinery and equipment23€0.7m€0.8m▲
Furniture and vehicles24€0.02m€0.05m▲
Leasing and similar rights25€1.1m€0.8m▼
Financial fixed assets28€2.3m€2.3m=
Current assets29/58€4.7m€5.1m▲
Amounts receivable after more than one year29€1.5m€1.5m=
Other amounts receivable291€1.5m€1.5m=
Stocks and contracts in progress3€0.4m€0.2m▼
Stocks30/36€0.08m€0.08m=
Contracts in progress37€0.3m€0.2m▼
Amounts receivable within one year40/41€2.5m€2.8m▲
Trade receivables40€1.9m€1.8m▼
Other amounts receivable41€0.6m€1.0m▲
Cash at bank and in hand54/58€0.2m€0.5m▲
Deferred charges and accrued income490/1€0.1m€0.1m▼
Equity and liabilities
Total equity and liabilities10/49€9.5m€9.6m▲
Equity10/15€3.0m€3.3m▲
Contributions10/11€0.06m€0.06m=
Reserves13€3.0m€3.3m▲
Tax-exempt reserves132€0.5m€0.4m▼
Distributable reserves133€2.5m€2.9m▲
Amounts payable17/49€6.4m€6.3m▼
Amounts payable after more than one year17€3.2m€2.4m▼
Financial debts170/4€3.2m€2.4m▼
Amounts payable within one year42/48€3.2m€3.9m▲
Current portion of amounts payable after more than one year42€0.8m€0.8m▲
Financial debts43€1.1m€1.3m▲
Credit institutions430/8€1.0m€1.1m▲
Other loans439€0.1m€0.1m▲
Trade debts44€1.3m€1.7m▲
Suppliers440/4€1.3m€1.7m▲
Taxes, remuneration and social security45€0.1m€0.02m▼
Taxes450/3€0.003m€0▼
Remuneration and social security454/9€0.1m€0.02m▼
Other amounts payable47/48€0.005m€0.006m▲
Income statement Code20242025
Remuneration, social security and pensions62€2.2m€2.2m▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.5m€0.5m▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€0.2m€0▼
Other operating charges640/8€0.08m€0.1m▲
Gross operating margin9900€3.1m€3.4m▲
Operating profit (loss)9901€0.2m€0.5m▲
Financial income75/76B€0.07m€0.02m▼
Recurring financial income75€0.07m€0.02m▼
Financial charges65/66B€0.2m€0.2m▲
Recurring financial charges65€0.2m€0.2m▲
Profit (loss) for the period before taxes9903€0.1m€0.4m▲
Income taxes67/77€0.02m€0.09m▲
Profit (loss) for the period9904€0.1m€0.3m▲
Transfer from tax-exempt reserves789€0.4m€0.2m▼
Transfer to tax-exempt reserves689€0.08m€0.1m▲
Profit (loss) for the period to be appropriated9905€0.4m€0.4m▼
Appropriation of the result
Profit (loss) to be appropriated9906€0.4m€0.4m▼
Transfer to equity691/2€0.4m€0.4m▼
To other reserves6921€0.4m€0.4m▼
Social balance sheet
Average headcount (FTE)908735.634.1▼

The notes to these accounts (20 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20182019202020212022202320242025Change
Remuneration, social security and pensions62---€2.1m€2.1m€2.2m€2.2m€2.2m▼ 0.2%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.3m€0.3m€0.3m€0.2m€0.5m€0.4m€0.5m€0.5m▲ 14.3%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4---€0.02m€0-€0.2m€0▼ 100%
Other operating charges640/8---€0.06m€0.07m€0.06m€0.08m€0.1m▲ 34.8%
Gross operating margin9900€2.7m€2.9m€2.9m€3.0m€3.2m€3.1m€3.1m€3.4m▲ 7.7%
Operating profit (loss)9901€0.4m€0.6m€0.7m€0.5m€0.5m€0.5m€0.2m€0.5m▲ 133%
Financial income75/76B---€0.004m€0.006m€0.04m€0.07m€0.02m▼ 71.6%
Recurring financial income75€0.05m€0.006m€0.002m€0.004m€0.006m€0.04m€0.07m€0.02m▼ 71.6%
Financial charges65/66B---€0.09m€0.1m€0.2m€0.2m€0.2m▲ 13.2%
Recurring financial charges65€0.08m€0.1m€0.07m€0.09m€0.1m€0.2m€0.2m€0.2m▲ 13.2%
Profit (loss) for the period before taxes9903€0.4m€0.5m€0.7m€0.4m€0.4m€0.3m€0.1m€0.4m▲ 179%
Income taxes67/77€0.1m€0.09m€0.3m€0.1m€0.09m€0.03m€0.02m€0.09m▲ 321%
Profit (loss) for the period9904€0.3m€0.4m€0.4m€0.3m€0.3m€0.3m€0.1m€0.3m▲ 153%
Transfer from tax-exempt reserves789---€0.03m€0.2m€0.1m€0.4m€0.2m▼ 40.7%
Transfer to tax-exempt reserves689---€0.1m€0.1m€0.2m€0.08m€0.1m▲ 50.0%
Profit (loss) for the period to be appropriated9905€0.3m€0.3m€0.08m€0.2m€0.3m€0.3m€0.4m€0.4m▼ 3.3%
Line20182019202020212022202320242025Change
Assets
Total assets20/58€6.3m€6.5m€6.3m€6.4m€8.8m€9.0m€9.5m€9.6m▲ 1.5%
Fixed assets21/28€1.9m€1.7m€3.3m€3.1m€5.5m€3.9m€4.8m€4.5m▼ 6.6%
Tangible fixed assets22/27€1.9m€1.7m€1.5m€1.4m€1.9m€1.7m€2.5m€2.2m▼ 12.5%
Land and buildings22---€1.2m€1.0m€0.9m€0.7m€0.6m▼ 14.8%
Plant, machinery and equipment23---€0.2m€0.1m€0.3m€0.7m€0.8m▲ 4.9%
Furniture and vehicles24---€0.02m€0.02m€0.01m€0.02m€0.05m▲ 243%
Leasing and similar rights25----€0.7m€0.5m€1.1m€0.8m▼ 26.3%
Financial fixed assets28€0.003m€0.003m€1.7m€1.7m€3.6m€2.3m€2.3m€2.3m=
Current assets29/58€4.4m€4.8m€3.0m€3.3m€3.3m€5.1m€4.7m€5.1m▲ 9.9%
Amounts receivable after more than one year29-----€1.5m€1.5m€1.5m=
Other amounts receivable291-----€1.5m€1.5m€1.5m=
Stocks and contracts in progress3----€0.4m€0.4m€0.4m€0.2m▼ 42.2%
Stocks30/36----€0.08m€0.08m€0.08m€0.08m=
Contracts in progress37----€0.3m€0.3m€0.3m€0.2m▼ 52.5%
Amounts receivable within one year40/41€2.4m€2.7m€2.7m€3.1m€2.7m€2.7m€2.5m€2.8m▲ 13.1%
Trade receivables40---€2.3m€2.0m€2.1m€1.9m€1.8m▼ 7.5%
Other amounts receivable41---€0.8m€0.7m€0.6m€0.6m€1.0m▲ 81.5%
Current investments50/53€1.7m€1.7m-------
Cash at bank and in hand54/58€0.1m€0.09m€0.2m€0.1m€0.3m€0.4m€0.2m€0.5m▲ 184%
Deferred charges and accrued income490/1---€0.02m€0.004m€0.04m€0.1m€0.1m▼ 19.8%
Equity and liabilities
Total equity and liabilities10/49€6.3m€6.5m€6.3m€6.4m€8.8m€9.0m€9.5m€9.6m▲ 1.5%
Equity10/15€1.4m€1.6m€2.0m€2.3m€2.6m€2.9m€3.0m€3.3m▲ 9.4%
Contributions10/11€0.06m€0.06m-€0.06m€0.06m€0.06m€0.06m€0.06m=
Reserves13€0.4m€0.5m€2.0m€2.3m€2.6m€2.9m€3.0m€3.3m▲ 9.6%
Non-distributable reserves130/1---€0.006m€0.006m€0---
Reserves not available under the articles1311---€0.006m€0.006m€0---
Tax-exempt reserves132---€0.7m€0.7m€0.8m€0.5m€0.4m▼ 17.3%
Distributable reserves133---€1.5m€1.9m€2.1m€2.5m€2.9m▲ 14.9%
Profit (loss) carried forward14€1.0m€1.0m-------
Amounts payable17/49€4.9m€4.9m€4.3m€4.1m€6.2m€6.1m€6.4m€6.3m▼ 2.2%
Amounts payable after more than one year17€2.6m€2.7m€1.7m€1.4m€3.4m€3.2m€3.2m€2.4m▼ 24.6%
Financial debts170/4---€1.4m€3.4m€3.2m€3.2m€2.4m▼ 24.6%
Amounts payable within one year42/48€2.3m€2.2m€2.6m€2.6m€2.8m€2.9m€3.2m€3.9m▲ 19.8%
Current portion of amounts payable after more than one year42---€0.5m€0.7m€0.7m€0.8m€0.8m▲ 8.7%
Financial debts43---€0.9m€0.9m€1.0m€1.1m€1.3m▲ 20.4%
Credit institutions430/8---€0.9m€0.9m€1.0m€1.0m€1.1m▲ 20.2%
Other loans439------€0.1m€0.1m▲ 22.7%
Trade debts44€1.5m€1.2m€1.0m€1.1m€1.0m€1.1m€1.3m€1.7m▲ 33.6%
Suppliers440/4---€1.1m€1.0m€1.1m€1.3m€1.7m▲ 33.6%
Taxes, remuneration and social security45---€0.05m€0.3m€0.1m€0.1m€0.02m▼ 78.6%
Taxes450/3----€0.1m€0.002m€0.003m€0▼ 100%
Remuneration and social security454/9---€0.05m€0.2m€0.1m€0.1m€0.02m▼ 77.9%
Other amounts payable47/48---€0.05m€0-€0.005m€0.006m▲ 20.3%
Accrued charges and deferred income492/3----€0.001m€0---
Line20182019202020212022202320242025Change
Profit (loss) for the period9904€0.3m€0.4m€0.4m€0.3m€0.3m€0.3m€0.1m€0.3m▲ 153%
+ Depreciation and write-downs630€0.3m€0.3m€0.3m€0.2m€0.5m€0.4m€0.5m€0.5m▲ 14.3%
Operating cash flow (approximation)€0.6m€0.7m€0.7m€0.5m€0.8m€0.7m€0.6m€0.8m▲ 41.4%
Investment in fixed assets (approximation)--€0.1m-€1.8m-€0.1m-€2.9m€1.2m-€1.3m-€0.2m▲ 83.8%
Change in cash--€0.02m€0.1m-€0.06m€0.1m€0.2m-€0.3m€0.3m-

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 abbreviated format 17-06-2026 2026-00169212
31-12-2024 abbreviated format 28-07-2025 2025-00318916
31-12-2023 abbreviated format 27-08-2024 2024-00386549
31-12-2022 abbreviated format 28-07-2023 2023-00296792
31-12-2021 abbreviated format 30-06-2022 2022-20111172
31-12-2020 abbreviated format 23-07-2021 2021-39400080
31-12-2019 abbreviated format 18-05-2020 2020-12300589
31-12-2018 abbreviated format 23-04-2019 2019-10300302
31-12-2017 abbreviated format 02-05-2018 2018-11600083
31-12-2016 abbreviated format 20-01-2018 2018-02600103

Show all 33 filings

Similar companies · same sector, comparable size

Of the 1,337 active companies whose main activity is demolition (NACE 43110), figures are known for 658. 174 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 · €7,541 awarded · €7,713 paid
Year Entries AwardedPaid
2025 1 €373€590
2024 1 €1,115€1,570
2023 2 €5,285€5,487
2022 1 €768€66
Schemes
4 entries · €4,541 · €4,713 paid · Fonds voor Innoveren en Ondernemen
1 entry · €3,000 · €3,000 paid · Departement Mobiliteit en Openbare Werken

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

Directors

Directors
2 directors, last change in 2024
DEWAELHENS Dany
Director (not named in the articles) · since 09-04-2024
Current
DEWAELHENS Mathieu
Director (not named in the articles) · since 09-04-2024
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
4 of this company's 5 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

2 people since 2024, 2 in office
Show
  • Board
  • began earlier
Mandates per person, with start and end dates
Name Functions and periods
DEWAELHENS Dany
  • Manager, until 09-04-2024
  • Director (not named in the articles), from 09-04-2024 to date
DEWAELHENS Mathieu
  • Manager, until 09-04-2024
  • Director (not named in the articles), from 09-04-2024 to date
See the board, name and registered office on a given date →

Owners and capital

Owners

1 owner

Chain of control

  1. M.D.V. 100%
  2. COSMO

Highest known parent: M.D.V.. The sources do not say who stands above it.

Owners 1

According to the 2025 annual accounts of COSMO 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.

Capital and shareholders

Capital over the years
  1. 09-04-2024 Converted to unavailable equity · €62,000

Group and network

Holdings and subsidiaries

2 holdings

Holdings 2

Source for every holding own accounts 2025

According to the 2025 annual accounts of COSMO 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

2 current directors
Depth

The network starts from this company’s directors. Other companies they run appear here as nodes.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.

History

On 1 October 1992, COSMO was incorporated.1 Total assets went from €6.3m in 2018 to €9.6m in 2025 and headcount from 37.5 to 34.1 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
17-06
NBB filing Annual accounts filed
financial year 2025 · abbreviated format
2025
28-07
NBB filing Annual accounts filed
financial year 2024 · abbreviated format
2024
31-12
Financial Weakest financial yearnet €113,503 ▼64.7%
Net result drops to €113,503, the lowest in the series; recovery starts the following year.
27-08
NBB filing Annual accounts filed
financial year 2023 · abbreviated format · 27 days late
09-04
Gazette deed Resignations: DEWAELHENS Mathieu (manager) and DEWAELHENS Dany (manager)
Appointments: DEWAELHENS Mathieu (director) and DEWAELHENS Dany (director) · Permanent representative: DEWAELHENS Mathieu · Purpose change17 facts ▸
  • General meeting, 11-03-2024
  • Other provision, “kennisname en goedkeuring verslag bestuursorgaan over uitbreiding voorwerp, Eerste beslissing” (deed in Dutch)
  • Purpose change
  • Amendment of the articles (2 times)
  • Other provision, “verwijzing naar uiterste datum overeenstemming statuten en aansprakelijkheid bestuursorgaan”, 01-01-2024 (deed in Dutch)
  • Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
  • Reserve release, “opheffen, middelen beschikbaar voor uitkering” (deed in Dutch)
  • Other provision, “ondergetekende notaris, wettelijke verplichtingen voorzien in artikelen 5.142 en 5.143 Wetboek van Vennootschappen en Verenigingen” (deed in Dutch)
  • Capital
  • Director resignation, DEWAELHENS Mathieu (manager)
  • Director appointment, DEWAELHENS Mathieu (director (not named in the articles))
  • Permanent representative, DEWAELHENS Mathieu
  • +5 further facts in this act
2023
28-07
NBB filing Annual accounts filed
financial year 2022 · abbreviated format
2022
30-06
NBB filing Annual accounts filed
financial year 2021 · abbreviated format
2021
23-07
NBB filing Annual accounts filed
financial year 2020 · abbreviated format
2020
31-12
Financial Highest result from 2018 to 2025net €419,470 ▲2.1%
Operating result €743,570, net result €419,470, both a record.
31-12
Financial Equity above €2mequity €2.0m ▲26.1%
A profit in every financial year since 2018 builds equity to €2.0m.
18-05
NBB filing Annual accounts filed
financial year 2019 · abbreviated format
2019
23-04
NBB filing Annual accounts filed
financial year 2018 · abbreviated format
2018
02-05
NBB filing Annual accounts filed
financial year 2017 · abbreviated format
20-01
NBB filing Annual accounts filed
financial year 2016 · abbreviated format · 173 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 5 deeds read
About the unread acts

Of the 5 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 4 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 formPrivate limited company
Founded01-10-1992
Financial 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 31 October 2026 · Peppol Directory

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

Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 0448.313.610

Recognitions · licences · registrations

Recognised contractor

1 category
COSMO BVapproval no. 21422
  • G5 Demolitionclass 5, up to €2,172,000
decision 09-04-2024

Environmental permits

2 applications in Flanders since 2019 · 2 granted
Verbouwen en/of uitbreiden van bijgebouwen, niet-overdekte lage constructies of wijzigen van andere beperkte handelingen; Verwijderen van vrijstaande gebouwen
Granted on 08-10-2026submitted 16-10-2025authority: Provincie Oost-Vlaanderenproject 2025108797
Verwijderen van vrijstaande bijgebouwen, niet-overdekte lage constructies of andere beperkte handelingen; Verwijderen van vrijstaande gebouwen
Granted on 17-12-2019submitted 14-10-2019authority: Buggenhoutproject 2019127557

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

Sites & property

Location & real-estate footprint
Registered office, Dendermonde · 1 establishment unit since 1993
registered office establishment The establishment unit on the map
Ground area
750 m²
Building footprint
227 m²
Building volume
1,740 m³
Parcel 42002C0495/00F004, Flanders · tallest building 8.8 m. Linked by address, not a title deed.
1 establishment unit
Fabriekstraat (BAA) 47, 9200 Dendermonde
Demolition
since 1993unit no. 2.061.309.881
1 parcel
Flanders 1 (100%)
Cadastral parcel Region Area Buildings Height / floors
42002C0495/00F004 Flanders 750 m² 1 · 227 m² 8.8 m · 3
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.
“Alle grondwerken,ruwbouw en slopingswerken,vloer en muurbekleding.Verhuur van containers,verkoop van grond en afbraakmaterialen; De…” (deed in Dutch)
24 activities (deed in Dutch)
  1. Alle grondwerken,ruwbouw en slopingswerken,vloer en muurbekleding.Verhuur van containers,verkoop van grond en afbraakmaterialen.
  2. De vennootschap kan bovendien alle werkzaamheden en rechtshandelingen verrichten die van aard zijn rechtstreeks de verwezenlijking van haar voorwerp te bevorderen.
  3. Zij mag eveneens belangen hebben bij wijze van inbrengsten,inschrijvingen of anderszins in alle ondememingen,verenigingen of vennootschappen die een gelijkaardig,analoog of aanverwant voorwerp nastreven,of wier voorwerp van nature is dat de vennootschap te bevorderen.
  4. Haar doelstelling uit te breiden naar bodemsanering,graven ophogen,egaliseren en nivelleren van bouwterreinen,wegenwerken,bouw van autowerken en andere wegen,afgraven vervuilde grond,behandeling en verwijdering van gevaarlijk afval,het bouwrijp maken van terreinen,grondverzet:graven,ophogen,egaliseren en nivelleren van bouwterreinen,graven van sleuven en geulen,verwijderen van rotsen,grondverzet met behulp van explosieven,het verlagen van grondwaterpeil en drainage van bouwterreinen,het ruimen van bouwterreinen,handelsbemiddeling in hout en bouwmaterialen,groothandel in bouwmaterialen,algemeen assortiment,groothandel in overige bouwmaterialen,verhuur en lease van andere machines en werktuigen en andere materiële goederen.Algemene bouw van kantoorgebouwen,niel residentiële gebouwen,slopen.
  5. Verhuur van machines voor de bouwnijverheid met of zonder bedieningspersoneel;
  6. Recycling van niet-metaalafval;
  7. Recuperatie van papier,textiel en scheikundige stoffen;
  8. Het reinigen van nieuwe gebouwen na beëindiging van de bouwwerkzaamheden;
  9. Industriële reiniging;
  10. Het ophalen en afvoeren van bouwpuin;
  11. Verhuur van vrachtwagens en machines;
  12. Verhuur van vrachtwagens met bestuurder voor nationaal en intermationaal transport;
  13. Handelsbemiddeling in machines,apparaten en werktuigen voor de industrie;
  14. Algemene las- en herstellingswerken aan gebouwen,werktuigen,kleine materialen en voertuigen;
  15. Het uitvoeren van tuinwerken,aanleggen en onderhouden van tuinen,parken en het groene gedeelte van sportvelden,landschapsverzorging,snoeien van bomen en heggen;
  16. De aan- en verkoop,zowel klein- als groothandel,in- en uitvoer,handelsbemiddeling en verhuur van alle mogelijke planten,bomen,bloemen,accessoires enz...evenals alle bijkomende installaties,machines,automaten voor tuin of tuinbouw of alle foebehoren zowel elektronisch als mechanisch.evenals het onderhoud en herstellingen ervan;
  17. Het huren,verhuren en bevrachten van alle vervoermateriaal,zowel in België als in het buitenland;tussenkomst als vervoer-commissionair;
  18. Het laden,lossen en de expeditie van alle goederen;
  19. De samenstelling en het beheer van een onroerend vermogen en de huurfinanciering van onroerende goederen aan derden,het verwerven door aankoop of anderszins,het verkopen,het ruilen,het bouwen,het verbouwen,het verbeteren,het uitrusten,het aanpassen,het verfraaien,het onderhouden,het verhuren,het huren,het verkavelen,het prospecteren en het uitbaten van onroerende goederen,alsmede alle handelingen die rechtstreeks of onrechtstreeks met dit voorwerp in verband staan en die van aard zijn de uitbreiding en de opbrengst van de onroerende goederen te bevorderen,alsmede zich borg stellen voor het goede verloop van verbintenissen door derde personen aangegaan die het genot zouden hebben van deze onroerende goederen;
  20. Het waarnemen van alle bestuursopdrachten in andere rechtspersonen of feitelijke verenigingen,het uitoefenen van opdrachten en functies die rechtstreeks of onrechtstreeks met het voorwerp verband houden;
  21. De aan- en verkoop,in- en uitvoer,commissiehandel en vertegenwoordiging van om het even welke goederen,in 't kort tussen persoon in de handel.
  22. De vennootschap mag haar voorwerp verwezenlijken zowel in België als in het buitenland,op alle wijzen en manieren,die zij het best geschikt zou achten.
  23. De vennootschap mag alle roerende en onroerende goederen,materialen en benodigdheden,verwerven,verhuren,huren of verhuren,in leasing nemen,vervaardigen,overdragen of ruilen,en alle financiële handelingen verrichten,welke rechtstreeks of onrechtstreeks in verband staan met haar voorwerp.
  24. De vennootschap kan alle rechtshandelingen stellen in rechtstreeks of onrechtstreeks verband met haar voorwerp.Zij kan dit doen in België en in het buitenland,en voor eigen rekening en voor rekening van derden.

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.
COSMO
Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
“Vlaamse Gewest, kan bij enkel besluit bestuursorgaan administratieve zetels,agentschappen,exploitatiezetels,werkhuizen,stapelplaatsen en…” (deed in Dutch)

deed of 09-04-2024

Who represents it, and how

Who signsWho may bind the company towards others, for example by signing a contract.
Each director alone
Board ruleHow the board is made up, meets and takes decisions.
“Met of zonder beperking van duur, 1” (deed in Dutch)

deed of 09-04-2024

Capital, shares and profit

Kind of sharesWhich classes of shares exist and what rights each class carries.
“Op naam, alle aandelen” (deed in Dutch)

deed of 09-04-2024

Meetings and financial year

Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
“titel v. Algemene vergadering Artikel 16. Organisatie en bijeenroeping leder jaar wordt een gewone algemene vergadering van aandeelhouders…” (deed in Dutch)

deed of 09-04-2024

Oversight and winding up

Dissolution ruleWhen and by whom the company can be dissolved.
“Ontbinding op elk moment door algemene vergadering in vormen statutenwijziging, ontbinding en vereffening in een akte mogelijk mits naleving…” (deed in Dutch)
Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
“Recht algemene vergadering een of meerdere vereffenaars aan te duiden, bevoegdheden te omlijnen en vergoeding te bepalen, behoudens…” (deed in Dutch)

deed of 09-04-2024

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

Other provision: “Ondeelbaarheid van de effecten” (deed in Dutch)
Other provision: “Alle handelingen nodig of nuttig voor verwezenlijking voorwerp, bevoegdheden bestuursorgaan” (deed in Dutch)
Other provision: “Bestuursorgaan bepaalt alleen of gezamenlijk optreden, dagelijks bestuur en vertegenwoordiging wat dat bestuur aangaat” (deed in Dutch)
Other provision: “Controle van de vennootschap, wanneer door wet vereist en binnen wettelijke grenzen” (deed in Dutch)
Other provision: “Jaarlijkse nettowinst, bestemming winst-reserves” (deed in Dutch)
Other provision: “Uitkering dividenden en interimdividenden, verminderd met overgedragen verlies of vermeerderd met overgedragen winst” (deed in Dutch)
Liquidation distribution: “Goederen nog in natura opzelfde wijze verdeeld, netto actief verdeeld onder alle aandeelhouders naar verhouding aantal aandelen” (deed in Dutch)
3 more provisions in the deed, see the deed of 09-04-2024

deed of 09-04-2024