Summary
Cost Reduction Organization has a registered holding activity and consists mainly of financial fixed assets; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €176,305 and a net result of -€6,450. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 90% of 8763 sector peers (fiscal year 2025). The company has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Holding: general score not applicable
The company has a registered holding activity and financial fixed assets account for more than half of its assets. The general operating-company model is unsuitable for this profile, so we show no financial axes either. Filed figures remain available.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
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 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
5 d late
2023
6 d late
2022
61 d late
2021
6 d early
2020
31 d late
2019
30 d 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 18 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 5 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€176,305▼ 3.5%
2024 · €182,754
Total assets
€189,020▼ 24.7%
2024 · €251,025
Net result
-€6,450
2024 · €168,963
Working capital
€24,006▼ 28.3%
2024 · €33,488
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy 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
Line20212022202320242025
Operating result-€2,110▼ 92.7%-€1,994▲ 5.5%-€4,197▼ 110%-€4,566▼ 8.8%-€5,557▼ 21.7%
Net result-€2,435below the sector's middle half▼ 99.9%€344,206above the sector's middle half€178,389above the sector's middle half▼ 48.2%€168,963above the sector's middle half▼ 5.3%-€6,450below the sector's middle half
Equity€1,196below the sector's middle half▼ 67.1%€345,402within the sector's middle half▲ 28,784%€13,791below the sector's middle half▼ 96.0%€182,754within the sector's middle half▲ 1,225%€176,305within the sector's middle half▼ 3.5%
Total assets€2,672below the sector's middle half▼ 38.4%€345,726below the sector's middle half▲ 12,837%€382,052below the sector's middle half▲ 10.5%€251,025below the sector's middle half▼ 34.3%€189,020below the sector's middle half▼ 24.7%
Debt€1,477▲ 108%€324▼ 78.0%€368,261▲ 113,515%€68,271▼ 81.5%€12,716▼ 81.4%
Working capital-€1,128within the sector's middle half€338,989within the sector's middle half€7,497within the sector's middle half▼ 97.8%€33,488within the sector's middle half▲ 347%€24,006within the sector's middle half▼ 28.3%
Solvency99.9%above the sector's middle half3.6%below the sector's middle half▼ 96.3pp72.8%within the sector's middle half▲ 69.2pp93.3%above the sector's middle half▲ 20.5pp
Current ratio1.02within the sector's middle half1.51within the sector's middle half▲ 0.492.90within the sector's middle half▲ 1.39
Return on assets (ROA)99.6%above the sector's middle half46.7%above the sector's middle half▼ 52.9pp67.3%above the sector's middle half▲ 20.6pp-3.4%below the sector's middle half▼ 70.7pp
Staff (FTE)0within the sector's middle half0within the sector's middle half0within the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €5,557 in 2025 against €4,566 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €189,020
Fixed assets
€152,412 =
Current assets
€36,608 ▼ 62.9%
Equity and liabilities €189,020
Equity
€176,305 ▼ 3.5%
Debt
€12,716 ▼ 81.4%
Debt's share of the balance-sheet total falls from 27.2% to 6.7%. Equity and debt are lower.
Key figures and ratios
ROE
-3.7%▼
2024 · 92.5%
Debt ≤ 1 year
€12,603▼
2024 · €65,125
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0 | - | - | - | - | - |
| Other operating charges640/8 | €459 | €460 | €746 | €513 | €528 | ▲ 2.8% |
| Gross operating margin9900 | -€1,652 | -€1,534 | -€3,451 | -€4,053 | -€5,029 | ▼ 24.1% |
| Operating profit (loss)9901 | -€2,110 | -€1,994 | -€4,197 | -€4,566 | -€5,557 | ▼ 21.7% |
| Financial income75/76B | - | €350,532 | €180,476 | €178,281 | €0 | ▼ 100% |
| Recurring financial income75 | - | €842 | €6,026 | €1,183 | €0 | ▼ 100% |
| Non-recurring financial income76B | - | €349,690 | €174,449 | €177,098 | €0 | ▼ 100% |
| Financial charges65/66B | €325 | €4,332 | -€2,110 | €4,752 | €893 | ▼ 81.2% |
| Recurring financial charges65 | €325 | €4,332 | -€2,110 | €4,752 | €893 | ▼ 81.2% |
| Profit (loss) for the period before taxes9903 | -€2,435 | €344,206 | €178,389 | €168,963 | -€6,450 | ▼ 104% |
| Profit (loss) for the period9904 | -€2,435 | €344,206 | €178,389 | €168,963 | -€6,450 | ▼ 104% |
| Profit (loss) for the period to be appropriated9905 | -€2,435 | €344,206 | €178,389 | €168,963 | -€6,450 | ▼ 104% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2,672 | €345,726 | €382,052 | €251,025 | €189,020 | ▼ 24.7% |
| Fixed assets21/28 | €2,323 | €6,413 | €6,294 | €152,412 | €152,412 | = |
| Tangible fixed assets22/27 | - | €4,400 | €4,400 | €4,400 | €4,400 | = |
| Other tangible fixed assets26 | - | €4,400 | €4,400 | €4,400 | €4,400 | = |
| Financial fixed assets28 | €2,323 | €2,013 | €1,894 | €148,012 | €148,012 | = |
| Current assets29/58 | €349 | €339,313 | €375,758 | €98,613 | €36,608 | ▼ 62.9% |
| Amounts receivable within one year40/41 | - | €73,734 | €40,639 | €355 | €35,355 | ▲ 9,859% |
| Other amounts receivable41 | - | €73,734 | €40,639 | €355 | €35,355 | ▲ 9,859% |
| Current investments50/53 | - | €89,977 | €185,113 | €0 | - | - |
| Cash at bank and in hand54/58 | €349 | €174,957 | €146,154 | €98,258 | €1,253 | ▼ 98.7% |
| Deferred charges and accrued income490/1 | - | €645 | €3,851 | €0 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2,672 | €345,726 | €382,052 | €251,025 | €189,020 | ▼ 24.7% |
| Equity10/15 | €1,196 | €345,402 | €13,791 | €182,754 | €176,305 | ▼ 3.5% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | - | €339,202 | €7,591 | €176,554 | €176,554 | = |
| Distributable reserves133 | - | €339,202 | €7,591 | €176,554 | €176,554 | = |
| Profit (loss) carried forward14 | -€5,004 | €0 | €0 | €0 | -€6,450 | - |
| Amounts payable17/49 | €1,477 | €324 | €368,261 | €68,271 | €12,716 | ▼ 81.4% |
| Amounts payable within one year42/48 | €1,477 | €324 | €368,261 | €65,125 | €12,603 | ▼ 80.6% |
| Trade debts44 | €184 | €297 | €2,613 | €1,457 | €3,789 | ▲ 160% |
| Suppliers440/4 | €184 | €297 | €2,613 | €1,457 | €3,789 | ▲ 160% |
| Other amounts payable47/48 | €1,293 | €27 | €365,648 | €63,668 | €8,814 | ▼ 86.2% |
| Accrued charges and deferred income492/3 | - | - | - | €3,146 | €113 | ▼ 96.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€2,435 | €344,206 | €178,389 | €168,963 | -€6,450 | ▼ 104% |
| + Depreciation and write-downs630 | €0 | - | - | - | - | - |
| Operating cash flow (approximation) | -€2,435 | €344,206 | €178,389 | €168,963 | -€6,450 | ▼ 104% |
| Investment in fixed assets (approximation) | - | -€4,090 | €119 | -€146,118 | €0 | ▲ 100% |
| Change in cash | - | €174,608 | -€28,803 | -€47,896 | -€97,005 | ▼ 103% |
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
Next filing, fiscal year 2026, expected by
2026
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet -€6,450
Net result drops to -€6,450, the lowest in the series.
05-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 5 days late
2024
31-12
Financial
Equity above €150,000Eq €182,754 ▲1,225%
3 profitable years in a row build equity to €182,754.
06-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 6 days late
2023
30-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 61 days late
2022
31-12
Financial
Back to profitnet €344,206
Net result €344,206 after 2 loss-making years.
31-12
Financial
Liquidity times 4428current ratio 1046.84
Current ratio from 0.24 to 1046.84; short-term debt falls from €1,477 to €324.
31-12
Financial
Equity above €200,000Eq €345,402 ▲28,784%
Equity rises from €1,196 to €345,402.
25-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
30-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 30 days late
Show earlier events
2019
31-12
Financial
Liquidity quadruplescurrent ratio 8.91
Current ratio from 2.34 to 8.91; short-term debt falls from €5,891 to €313.
01-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
09-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Izegem · 1 establishment unit since 2015
Ground area
1,226 m²
Building footprint
255 m²
Volume, LiDAR
1,444 m³
2 parcels, Flanders · tallest building 12.2 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
CRofO
since 20152.240.004.865
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36492A0061/00C003 | Flanders | 629 m² | 1 · 127 m² | 12.2 m · 3 fl. |
| 34042A0797/00E002 | Flanders | 597 m² | 1 · 128 m² | 6.1 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels 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 · 1 holdingChain of control
- M&E Invest
- Cost Reduction Organization
Highest known parent: M&E Invest. The sources do not say who stands above it.
Owners 1
- M&E InvestparentSourceaccounts M&E Invest 2025100%
Holdings 1
-
29.24%
According to the 2025 annual accounts of Cost Reduction Organization 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.
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,629. 40,666 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
Founded13-02-2015
Fiscal year end31-12
Abbreviation NL
CRofO
Activities, NACEBEL 2025
70200Business and other management consultancy
64210Activities of holding companies
E-invoicing
Reachable via Peppol
Peppol ID
0208:0597955708
Also
9925:BE0597955708
Registered
19-09-2025
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.