COZAGDO S.A.
ActiveCOZAGDO S.A. has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €191k and a net result of €-172k. Equity remains stable across the filed fiscal years (±1.3% per year). Its solvency ranks better than 93% of 1608 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency100=
Growth27=
Stability100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10k at 30 days acceptable
Liquidity ample (current ratio 15.85 against 13.2 in 2024), and 6.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight 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 2025Solvency, return and age of the figures
Solvency
93.8%
Return on assets
-84.2%
Age of the figures
8 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity fell accordingly. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€172k
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 30-07-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
12 d early
2023
27 d early
2022
79 d late
2021
12 d late
2020
19 d early
2019
on the day
← 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
13-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€166k▼ 19.6%
2022 · €206k
2018: €213k
2019: €220k
2020: €207k
2021: €209k
2022: €206k
2018 → 2023
EBIT margin
38.9%▲ 43.1pp
2022 · -4.2%
2018: 5.5%
2019: 12.6%
2020: 16.3%
2021: 4.1%
2022: -4.2%
2018 → 2023
Net result
€-172k▼ 240%
2024 · €-50k
2018: €14k
2019: €18k
2020: €20k
2021: €-4k
2022: €-12k
2023: €42k
2024: €-50k
2018 → 2025
Working capital
€189k▲ 32.5%
2024 · €143k
2018: €107k
2019: €133k
2020: €170k
2021: €520k
2022: €328k
2023: €173k
2024: €143k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€209k-€206k▼ 1.6%€166k▼ 19.6%
Equity€413k-€401k▼ 3.0%€413k▲ 3.1%€363k▼ 12.2%€191k▼ 47.3%
Operating result€9k-€-9k€64k€-49k€-171k▼ 250%
Net result€-4k-€-12k▼ 247%€42k€-50k€-172k▼ 240%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €171k in 2025 against €49k in 2024; the loss grows and 2025 is the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €204k
Fixed assets
€2k▼ 99.0%
Current assets
€202k▲ 30.7%
Equity and liabilities €204k
Equity
€191k▼ 47.3%
Debt
€13k▲ 8.8%
The debt ratio rises from 3.1% to 6.2%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€-165k▼
2024 · €-28k
Cash flow
€-166k▼
2024 · €-30k
Solvency
93.8%▼
2024 · 96.9%
Current ratio
15.85▲
2024 · 13.20
Quick ratio
15.85▲
2024 · 13.20
Debt / equity
0.07▲
2024 · 0.03
ROE
-89.8%▼
2024 · -13.9%
ROA
-84.2%▼
2024 · -13.5%
Interest coverage
-552.22▼
2024 · -132.97
Debt
€13k▲
2024 · €12k
Debt ≤ 1 year
€13k▲
2024 · €12k
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€375k€204k▼
Fixed assets21/28€220k€2k▼
Tangible fixed assets22/27€101k€2k▼
Land and buildings22€81k-
Plant, machinery and equipment23€842€2k▲
Furniture and vehicles24€19k€318▼
Financial fixed assets28€120k€200▼
Current assets29/58€154k€202k▲
Amounts receivable within one year40/41€133k€164k▲
Trade receivables40€14k€14k▼
Other amounts receivable41€119k€150k▲
Cash at bank and in hand54/58€15k€31k▲
Deferred charges and accrued income490/1€7k€6k▼
Equity and liabilities
Total equity and liabilities10/49€375k€204k▼
Equity10/15€363k€191k▼
Contributions10/11€85k€85k=
Capital10€85k€85k=
Issued capital100€85k€85k=
Reserves13€259k€109k▼
Non-distributable reserves130/1€9k€9k=
Legal reserve130€9k€9k=
Distributable reserves133€250k€100k▼
Profit (loss) carried forward14€19k€-2k▼
Amounts payable17/49€12k€13k▲
Amounts payable within one year42/48€12k€13k▲
Trade debts44€12k€13k▲
Suppliers440/4€12k€13k▲
Income statement
Code20242025
Non-recurring operating income76A€7k€8k▲
Goods, raw materials, services and sundry goods60/61€35k€21k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€21k€6k▼
Other operating charges640/8€340€1k▲
Non-recurring operating charges66A-€152k
Gross operating margin9900€-28k€-12k▲
Operating profit (loss)9901€-49k€-171k▼
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€212€299▲
Recurring financial charges65€212€299▲
Profit (loss) for the period before taxes9903€-49k€-172k▼
Income taxes67/77€1k-
Profit (loss) for the period9904€-50k€-172k▼
Profit (loss) for the period to be appropriated9905€-50k€-172k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-31k€-152k▼
Profit (loss) brought forward from the previous period14P€20k€19k▼
Transfer from equity791/2€50k€150k▲
The notes to these accounts (7 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
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet €-172k
Net result drops to €-172k, the lowest in the series.
19-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Liquidity triplescurrent ratio 13.20
Current ratio from 3.86 to 13.20; short-term debt falls from €60k to €12k.
04-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €42k
Net result €42k after 2 loss-making years.
18-10
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 79 days late
2022
31-12
Financial
Liquidity times 25current ratio 168.92
Current ratio from 6.77 to 168.92; short-term debt falls from €90k to €2k.
12-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 12 days late
2021
12-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
13-09
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 44 days late
2018
03-10
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 64 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 29 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, Sambreville · 1 establishment unit since 2004
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.
Rue Radache(AUV) 1045060 SambrevilleGround area
3,503 m²
Building footprint
279 m²
Volume, LiDAR
1,385 m³
2 parcels, Wallonia · tallest building 16.8 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Cozagdo
since 20042.135.448.565
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92007F0272/00E002 | Wallonia | 2,797 m² | 1 · 174 m² | 16.8 m · 3 fl. |
| 92088A0233/00M000 | Wallonia | 706 m² | 1 · 105 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 2,706 companies in sector 73200 we hold annual accounts for 1,775. 1,345 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded16-01-2004
Fiscal year end31-12
Activities, NACEBEL
73200Market research and public opinion polling
74131
Sources
Crossroads Bank for EnterprisesNational Bank · 22 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.