COTTAGE GROUP
ActiveCOTTAGE GROUP has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €390k and a net result of €-52k. Equity is shrinking by ~8.9% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2024
46
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability46▼-23
Solvency46▼-3
Growth58=
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €17k at 30 days acceptable
Liquidity short (current ratio 0.15 against 0.15 in 2023; short-term debt: 72.4% and cash: 0.1% of total assets), and 78.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
21.5%
Return on assets
-2.9%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
61 d late
2023
67 d late
2022
32 d late
2021
243 d late
2020
94 d late
2019
217 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€390k▼ 11.9%
2023 · €442k
2018: €680k
2019: €599k
2020: €525k
2021: €482k
2022: €436k
2023: €442k
2018 → 2024
Total assets
€1.81M▼ 1.1%
2023 · €1.83M
2018: €2.22M
2019: €2.14M
2020: €2.06M
2021: €1.98M
2022: €1.92M
2023: €1.83M
2018 → 2024
Net result
€-52k
2023 · €6k
2018: €-114k
2019: €-82k
2020: €-74k
2021: €-43k
2022: €-46k
2023: €6k
2018 → 2024
Working capital
€-1.12M▼ 5.4%
2023 · €-1.06M
2018: €-1.11M
2019: €-1.13M
2020: €-1.15M
2021: €-1.14M
2022: €-1.12M
2023: €-1.06M
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€525k-€482k▼ 8.2%€436k▼ 9.6%€442k▲ 1.4%€390k▼ 11.9%
Operating result€-62k-€-30k▲ 51.0%€-36k▼ 17.3%€16k€-44k
Net result€-74k-€-43k▲ 42.4%€-46k▼ 7.8%€6k€-52k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €44k after €16k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.81M
Fixed assets
€1.62M▼ 1.4%
Current assets
€195k▲ 1.6%
Equity and liabilities €1.81M
Equity
€390k▼ 11.9%
Debt
€1.42M▲ 2.4%
The debt ratio rises from 75.9% to 78.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€31k▼
2023 · €93k
Cash flow
€23k▼
2023 · €83k
Solvency
21.5%▼
2023 · 24.1%
Current ratio
0.15▼
2023 · 0.15
Quick ratio
0.15▼
2023 · 0.15
Debt / equity
3.66▲
2023 · 3.15
ROE
-13.5%▼
2023 · 1.4%
ROA
-2.9%▼
2023 · 0.3%
Interest coverage
3.69▼
2023 · 9.69
Debt
€1.42M▲
2023 · €1.39M
Debt ≤ 1 year
€1.31M▲
2023 · €1.25M
Debt > 1 year
€111k▼
2023 · €136k
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€1.83M€1.81M▼
Fixed assets21/28€1.64M€1.62M▼
Tangible fixed assets22/27€1.64M€1.62M▼
Land and buildings22€1.62M€1.56M▼
Plant, machinery and equipment23-€13k
Furniture and vehicles24€2k€33k▲
Other tangible fixed assets26€23k€16k▼
Current assets29/58€192k€195k▲
Amounts receivable within one year40/41€191k€191k=
Other amounts receivable41€191k€191k=
Cash at bank and in hand54/58€775€2k▲
Deferred charges and accrued income490/1-€2k
Equity and liabilities
Total equity and liabilities10/49€1.83M€1.81M▼
Equity10/15€442k€390k▼
Contributions10/11€29k€29k=
Reserves13€15k€15k=
Non-distributable reserves130/1€15k-
Reserves not available under the articles1311€15k-
Tax-exempt reserves132€80€80=
Distributable reserves133-€15k
Profit (loss) carried forward14€398k€346k▼
Amounts payable17/49€1.39M€1.42M▲
Amounts payable after more than one year17€136k€111k▼
Financial debts170/4€126k€101k▼
Other amounts payable178/9€10k€10k=
Amounts payable within one year42/48€1.25M€1.31M▲
Current portion of amounts payable after more than one year42€24k€26k▲
Trade debts44€13k€4k▼
Suppliers440/4€13k€4k▼
Other amounts payable47/48€1.22M€1.28M▲
Accrued charges and deferred income492/3€1k-
Income statement
Code20232024
Non-recurring operating income76A€73k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€77k€75k▼
Other operating charges640/8€10k€10k▼
Gross operating margin9900€103k€41k▼
Operating profit (loss)9901€16k€-44k▼
Financial income75/76B€1-
Recurring financial income75€1-
Financial charges65/66B€10k€9k▼
Recurring financial charges65€10k€9k▼
Profit (loss) for the period before taxes9903€6k€-52k▼
Profit (loss) for the period9904€6k€-52k▼
Profit (loss) for the period to be appropriated9905€6k€-52k▼
Appropriation of the result
Profit (loss) to be appropriated9906€398k€346k▼
Profit (loss) brought forward from the previous period14P€392k€398k▲
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
06-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 67 days late
2023
31-12
Financial
Back to profitnet €6k
Net result €6k after 5 loss-making years.
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 32 days late
31-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 243 days late
2021
02-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 94 days late
05-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 217 days late
2019
30-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 61 days late
2018
31-12
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 153 days late
09-02
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 193 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Sint-Genesius-Rode · 1 establishment unit since 2009
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.
Lansrodedreef 61640 Sint-Genesius-RodeGround area
2,051 m²
Building footprint
340 m²
Volume, LiDAR
2,896 m³
Parcel 22552F0010/00E038, Flanders · tallest building 13.3 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
COTTAGE GROUP
since 20092.359.977.336
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 22552F0010/00E038 | Flanders | 2,051 m² | 1 · 340 m² | 13.3 m · 3 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.
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded10-06-2009
Fiscal year end31-12
Sources
Crossroads Bank for EnterprisesNational Bank · 16 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.