COSY
ActiveCOSY has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €13.54M and a net result of €-1.45M. Equity is growing by ~83.9% per year across the filed fiscal years. Its solvency ranks better than 66% of 9150 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
60
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability12▲+1
Solvency76▼-24
Growth52=
Track record94
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €800k at 30 days acceptable
Liquidity tight (current ratio 1.44 against 13.3 in 2024; short-term debt: 8.9% and cash: 12% of total assets), and 49.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
50.9%
Return on assets
-5.4%
Age of the figures
9 mo
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 14-07-2026, 17 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
17 d early
2024
27 d early
2023
28 d early
2022
20 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€13.54M▲ 19.8%
2024 · €11.30M
2022: €405k
2023: €286k
2024: €11.30M
2022 → 2025
Total assets
€26.59M▲ 90.7%
2024 · €13.94M
2022: €1.98M
2023: €2.93M
2024: €13.94M
2022 → 2025
Net result
€-1.45M▼ 61.8%
2024 · €-895k
2022: €-70k
2023: €-119k
2024: €-895k
2022 → 2025
Working capital
€1.03M▼ 82.4%
2024 · €5.89M
2022: €-69k
2023: €-637k
2024: €5.89M
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€405k-€286k▼ 29.4%€11.30M▲ 3,849%€13.54M▲ 19.8%
Operating result€-46k-€-58k▼ 25.1%€-885k▼ 1,427%€-1.14M▼ 28.9%
Net result€-70k-€-119k▼ 70.8%€-895k▼ 652%€-1.45M▼ 61.8%
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 €1.14M in 2025 against €885k 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 €26.59M
Fixed assets
€23.19M▲ 206%
Current assets
€3.39M▼ 46.7%
Equity and liabilities €26.59M
Equity
€13.54M▲ 19.8%
Debt
€13.05M▲ 394%
The debt ratio rises from 18.9% to 49.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€-673k▼
2024 · €-582k
Cash flow
€-980k▼
2024 · €-592k
Solvency
50.9%▼
2024 · 81.1%
Current ratio
1.44▼
2024 · 13.30
Quick ratio
1.44▼
2024 · 13.30
Debt / equity
0.96▲
2024 · 0.23
ROE
-10.7%▼
2024 · -7.9%
ROA
-5.4%▲
2024 · -6.4%
Interest coverage
-2.04▲
2024 · -7.46
Debt
€13.05M▲
2024 · €2.64M
Debt ≤ 1 year
€2.36M▲
2024 · €479k
Debt > 1 year
€10.61M▲
2024 · €2.11M
Income taxes
€948▲
2024 · €551
Staff costs
€480k▲
2024 · €316k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€13.94M€26.59M▲
Fixed assets21/28€7.58M€23.19M▲
Intangible fixed assets21€111k€360k▲
Tangible fixed assets22/27€7.46M€22.83M▲
Land and buildings22€6.60M€18.17M▲
Plant, machinery and equipment23€74k€285k▲
Furniture and vehicles24€76k€130k▲
Other tangible fixed assets26€1k€233k▲
Assets under construction and advance payments27€709k€4.02M▲
Financial fixed assets28€599€350▼
Current assets29/58€6.37M€3.39M▼
Amounts receivable within one year40/41€3.41M€83k▼
Trade receivables40€100k€78k▼
Other amounts receivable41€3.31M€5k▼
Current investments50/53-€28k
Cash at bank and in hand54/58€2.94M€3.20M▲
Deferred charges and accrued income490/1€19k€83k▲
Equity and liabilities
Total equity and liabilities10/49€13.94M€26.59M▲
Equity10/15€11.30M€13.54M▲
Contributions10/11€12.96M€16.65M▲
Reserves13-€28k
Non-distributable reserves130/1-€28k
Own shares acquired1312-€28k
Profit (loss) carried forward14€-1.66M€-3.13M▼
Amounts payable17/49€2.64M€13.05M▲
Amounts payable after more than one year17€2.11M€10.61M▲
Financial debts170/4€2.11M€10.61M▲
Amounts payable within one year42/48€479k€2.36M▲
Current portion of amounts payable after more than one year42€120k€121k▲
Trade debts44€290k€178k▼
Suppliers440/4€290k€178k▼
Taxes, remuneration and social security45€68k€78k▲
Taxes450/3€36k€38k▲
Remuneration and social security454/9€32k€40k▲
Other amounts payable47/48€165€1.98M▲
Accrued charges and deferred income492/3€55k€79k▲
Income statement
Code20242025
Non-recurring operating income76A€26k€0▼
Remuneration, social security and pensions62€316k€480k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€303k€468k▲
Other operating charges640/8€12k€3k▼
Non-recurring operating charges66A-€1k
Gross operating margin9900€-253k€-189k▲
Operating profit (loss)9901€-885k€-1.14M▼
Financial income75/76B€69k€24k▼
Recurring financial income75€69k€24k▼
Financial charges65/66B€78k€330k▲
Recurring financial charges65€78k€330k▲
Profit (loss) for the period before taxes9903€-894k€-1.45M▼
Income taxes67/77€551€948▲
Profit (loss) for the period9904€-895k€-1.45M▼
Profit (loss) for the period to be appropriated9905€-895k€-1.45M▼
Appropriation of the result
Profit (loss) to be appropriated9906€-1.66M€-3.11M▼
Profit (loss) brought forward from the previous period14P€-763k€-1.66M▼
Transfer to equity691/2-€28k
To other reserves6921-€28k
Social balance
Average headcount (FTE)90877.67.4▼
The notes to these accounts (34 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
02-09
State Gazette act
General meeting · Director resignation
Director discharge · Director appointment
14-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet €-1.45M
Net result drops to €-1.45M, the lowest in the series.
04-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Liquidity times 124current ratio 13.30
Current ratio from 0.11 to 13.30; short-term debt falls from €714k to €479k.
31-12
Financial
Equity above €10MEq €11.30M ▲3849%
Equity rises from €286k to €11.30M.
03-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
11-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2025
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
17-08-2025
Resigned as Director
Location & real-estate footprint
Registered office, Gent · 1 establishment unit since 2024
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.
Veldstraat 889000 GentGround area
1,180 m²
Building footprint
1,010 m²
Volume, LiDAR
14,954 m³
Parcel 44803C0940/00L000, Flanders · tallest building 21.9 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
Veldstraat 88, 9000 Gent
since 20242.359.992.578
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44803C0940/00L000 | Flanders | 1,180 m² | 1 · 1,010 m² | 21.9 m · 5 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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
Ownership & control
1 partyCOSYBE 0773.923.606
controls
Where this company holds controlthis company sits on their board1
1 location
Public money · subsidies and aid
Flemish government
2024 · 1 entry · 3,420 EUR awarded · 3,420 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 3,420 EUR | 3,420 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Legal Entity Identifier
98450082D4ED82B69745
Similar companies · same sector, comparable size
GROENINGEN
BE 0420.579.033
Ninove · Eq €13.53M
ORSI Services
BE 0668.610.607
Merelbeke-Melle · Eq €13.58M
WINDHOEK
BE 0897.858.130
Schoten · Eq €13.49M
DUPRO
BE 0467.278.791
Waregem · Eq €13.60M
MIGUAL
BE 0817.420.285
Lasne · Eq €13.60M
Of 9,139 companies in sector 68201 we hold annual accounts for 6,767. 1,800 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded15-09-2021
Fiscal year end31-12
Activities, NACEBEL
68201Renting and operating of own or leased residential real estate, excluding social housing
68121Development of residential building projects
47530Retail trade
47551Retail sale of household furniture
47552Retail sale of lighting equipment
47559Retail sale of other household articles
47591Retail trade
47592Retail trade
47599Retail trade
68110Buying and selling of own real estate
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.