COZELO
ActiveSummary
COZELO has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €154,462 and a net result of €28,605. Equity is growing by ~19.7% per year across the filed fiscal years. Its solvency ranks better than 71% of 36 sector peers (fiscal year 2026). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2026
Axes · tick = 2025
Profitability87▼-4
Solvency100=
Growth54▼-17
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €14,000 at 30 days acceptable
Liquidity ample (current ratio 5.77 against 9.27 in 2025; short-term debt: 10.2% and cash: 29.6% of total assets), and 22.5% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 74
Relative position
BE, all sectors
reference
Other professional, scientific and technical activities (NACE 74)
about 48% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2026Solvency, return and age of the figures
Solvency
77.5%
Return on assets
14.4%
Age of the figures
6 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 21-09-2026, 40 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
40 d early
2025
39 d early
2024
37 d early
2023
41 d early
2022
42 d early
2021
30 d early
2020
32 d 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 37 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 38% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today. Usually files around 21 September (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-03-2027 close31-10-2027 deadline
History
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Financials · fiscal year 2026, micro schema
Turnover
€118,230▼ 11.8%
2021 · €134,090
EBIT margin
47.3%▼ 5.6pp
2021 · 52.9%
Net result
€28,605▼ 7.6%
2025 · €30,965
Working capital
€96,909▼ 28.5%
2025 · €135,461
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 74, Other professional, scientific and technical 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
Line20222023202420252026
Turnover€118,230▼ 11.8%
Operating result€55,939▼ 21.1%€54,031▼ 3.4%€34,395▼ 36.3%€46,066▲ 33.9%€42,174▼ 8.4%
Net result€36,059above the sector's middle half▼ 28.4%€37,456above the sector's middle half▲ 3.9%€24,411within the sector's middle half▼ 34.8%€30,965within the sector's middle half▲ 26.8%€28,605▼ 7.6%
EBIT margin47.3%▼ 5.6pp
Equity€94,225within the sector's middle half▲ 23.7%€112,981above the sector's middle half▲ 19.9%€137,392above the sector's middle half▲ 21.6%€153,607above the sector's middle half▲ 11.8%€154,462▲ 0.6%
Total assets€125,681within the sector's middle half▲ 3.1%€166,413within the sector's middle half▲ 32.4%€167,591within the sector's middle half▲ 0.7%€177,783within the sector's middle half▲ 6.1%€199,181▲ 12.0%
Debt€31,456▼ 31.3%€53,433▲ 69.9%€30,199▼ 43.5%€24,176▼ 19.9%€44,719▲ 85.0%
Working capital€76,592above the sector's middle half▲ 43.4%€74,415within the sector's middle half▼ 2.8%€101,899above the sector's middle half▲ 36.9%€135,461above the sector's middle half▲ 32.9%€96,909▼ 28.5%
Solvency75.0%above the sector's middle half▲ 12.5pp67.9%within the sector's middle half▼ 7.1pp82.0%above the sector's middle half▲ 14.1pp86.4%above the sector's middle half▲ 4.4pp77.5%▼ 8.9pp
Current ratio3.43within the sector's middle half▲ 1.232.93within the sector's middle half▼ 0.515.55above the sector's middle half▲ 2.629.27above the sector's middle half▲ 3.725.77▼ 3.50
Return on assets (ROA)28.7%above the sector's middle half▼ 12.6pp22.5%within the sector's middle half▼ 6.2pp14.6%within the sector's middle half▼ 7.9pp17.4%within the sector's middle half▲ 2.9pp14.4%▼ 3.1pp
above
within
below
the middle half (P25 to P75) of NACE 74, Other professional, scientific and technical activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2026; 2026 is 8% below 2025.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €199,181
Fixed assets
€81,943 ▲ 216%
Current assets
€117,238 ▼ 22.8%
Equity and liabilities €199,181
Equity
€154,462 ▲ 0.6%
Debt
€44,719 ▲ 85.0%
Debt's share of the balance-sheet total rises from 13.6% to 22.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€46,814▼
2025 · €58,664
Cash flow
€33,245▼
2025 · €43,564
Debt to equity
0.29▲
2025 · 0.16
ROE
18.5%▼
2025 · 20.2%
Interest coverage
56.17▼
2025 · 131.56
Debt ≤ 1 year
€20,329▲
2025 · €16,381
Debt > 1 year
€24,390▲
2025 · €7,795
Income taxes
€13,962▼
2025 · €14,896
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,696 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.7%
went bankrupt
3.9%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.2% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 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% 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 34,696 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
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €118,230 | - | - | - | - | - |
| Non-recurring operating income76A | - | €9,734 | - | €3,517 | €0 | ▼ 100% |
| Goods, raw materials, services and sundry goods60/61 | €42,730 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10,921 | €13,427 | €14,701 | €12,598 | €4,640 | ▼ 63.2% |
| Other operating charges640/8 | €4,743 | €836 | €1,947 | €769 | €1,260 | ▲ 63.7% |
| Non-recurring operating charges66A | €4,076 | - | - | - | - | - |
| Gross operating margin9900 | €75,678 | €68,294 | €51,043 | €59,433 | €48,074 | ▼ 19.1% |
| Operating profit (loss)9901 | €55,939 | €54,031 | €34,395 | €46,066 | €42,174 | ▼ 8.4% |
| Financial income75/76B | €0 | - | €70 | €242 | €1,226 | ▲ 408% |
| Recurring financial income75 | €0 | - | €70 | €242 | €1,226 | ▲ 408% |
| Financial charges65/66B | €1,427 | €1,213 | €659 | €446 | €833 | ▲ 86.9% |
| Recurring financial charges65 | €1,427 | €1,213 | €659 | €446 | €833 | ▲ 86.9% |
| Profit (loss) for the period before taxes9903 | €54,512 | €52,818 | €33,805 | €45,861 | €42,567 | ▼ 7.2% |
| Income taxes67/77 | €18,452 | €15,362 | €9,394 | €14,896 | €13,962 | ▼ 6.3% |
| Profit (loss) for the period9904 | €36,059 | €37,456 | €24,411 | €30,965 | €28,605 | ▼ 7.6% |
| Profit (loss) for the period to be appropriated9905 | €36,059 | €37,456 | €24,411 | €30,965 | €28,605 | ▼ 7.6% |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €125,681 | €166,413 | €167,591 | €177,783 | €199,181 | ▲ 12.0% |
| Fixed assets21/28 | €17,633 | €53,416 | €43,288 | €25,941 | €81,943 | ▲ 216% |
| Tangible fixed assets22/27 | €17,633 | €53,416 | €43,288 | €25,941 | €81,943 | ▲ 216% |
| Plant, machinery and equipment23 | €846 | €121 | €3,293 | €1,949 | €9,910 | ▲ 408% |
| Furniture and vehicles24 | €16,787 | €53,295 | €39,995 | €23,992 | €72,033 | ▲ 200% |
| Other tangible fixed assets26 | - | - | €0 | €0 | - | - |
| Current assets29/58 | €108,048 | €112,998 | €124,304 | €151,842 | €117,238 | ▼ 22.8% |
| Amounts receivable within one year40/41 | €30,455 | €32,543 | €39,263 | €48,751 | €17,208 | ▼ 64.7% |
| Trade receivables40 | €24,927 | €26,035 | €26,196 | €40,484 | €15,803 | ▼ 61.0% |
| Other amounts receivable41 | €5,528 | €6,508 | €13,067 | €8,267 | €1,405 | ▼ 83.0% |
| Current investments50/53 | - | - | €19,088 | €19,088 | €40,143 | ▲ 110% |
| Cash at bank and in hand54/58 | €77,593 | €79,652 | €65,105 | €83,022 | €59,051 | ▼ 28.9% |
| Deferred charges and accrued income490/1 | - | €802 | €847 | €981 | €836 | ▼ 14.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €125,681 | €166,413 | €167,591 | €177,783 | €199,181 | ▲ 12.0% |
| Equity10/15 | €94,225 | €112,981 | €137,392 | €153,607 | €154,462 | ▲ 0.6% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €88,025 | €106,781 | €131,192 | €147,407 | €148,262 | ▲ 0.6% |
| Non-distributable reserves130/1 | €1,860 | - | - | - | - | - |
| Other1319 | €1,860 | - | - | - | - | - |
| Distributable reserves133 | €86,165 | €106,781 | €131,192 | €147,407 | €148,262 | ▲ 0.6% |
| Profit (loss) carried forward14 | - | - | - | - | €0 | - |
| Amounts payable17/49 | €31,456 | €53,433 | €30,199 | €24,176 | €44,719 | ▲ 85.0% |
| Amounts payable after more than one year17 | - | €14,849 | €7,795 | €7,795 | €24,390 | ▲ 213% |
| Financial debts170/4 | - | €14,849 | €7,795 | €7,795 | €24,390 | ▲ 213% |
| Amounts payable within one year42/48 | €31,456 | €38,583 | €22,404 | €16,381 | €20,329 | ▲ 24.1% |
| Current portion of amounts payable after more than one year42 | €1,061 | €6,920 | €7,054 | - | €8,216 | - |
| Trade debts44 | €506 | €943 | €514 | €51 | €1,431 | ▲ 2,705% |
| Suppliers440/4 | €506 | €943 | €514 | €51 | €1,431 | ▲ 2,705% |
| Taxes, remuneration and social security45 | €14,656 | €15,036 | €11,005 | €9,781 | €1,689 | ▼ 82.7% |
| Taxes450/3 | €14,656 | €12,775 | €8,700 | €9,781 | €1,689 | ▼ 82.7% |
| Remuneration and social security454/9 | - | €2,262 | €2,305 | - | - | - |
| Other amounts payable47/48 | €15,233 | €15,684 | €3,830 | €6,549 | €8,993 | ▲ 37.3% |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €36,059 | €37,456 | €24,411 | €30,965 | €28,605 | ▼ 7.6% |
| + Depreciation and write-downs630 | €10,921 | €13,427 | €14,701 | €12,598 | €4,640 | ▼ 63.2% |
| Operating cash flow (approximation) | €46,981 | €50,883 | €39,112 | €43,564 | €33,245 | ▼ 23.7% |
| Investment in fixed assets (approximation) | - | -€49,209 | -€4,573 | €4,748 | -€60,641 | ▼ 1,377% |
| Change in cash | - | €2,059 | -€14,547 | €17,917 | -€23,972 | ▼ 234% |
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 2027, expected by
2026
21-09
NBB filing
Annual accounts filed
fiscal year 2026 · micro schema
2025
22-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
31-03
Financial
Equity above €150,000Eq €153,607 ▲11.8%
7 profitable years in a row build equity to €153,607.
2024
24-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
31-03
Financial
Weakest financial yearnet €24,411 ▼34.8%
Net result drops to €24,411, the lowest in the series; recovery starts the following year.
2023
20-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
31-03
Financial
Equity above €100,000Eq €112,981 ▲19.9%
5 profitable years in a row build equity to €112,981.
2022
19-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
01-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
29-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
31-03
Financial
Highest result since 2019net €55,509 ▲86.9%
Operating result €83,248, net result €55,509, both a record.
2019
02-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
26-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated 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, Duffel · 1 establishment unit since 2008
Ground area
1,144 m²
Building footprint
213 m²
Volume, LiDAR
709 m³
Parcel 12302D0351/00T002, Flanders · tallest building 5.7 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
COZELO ICT SOLUTIONS
since 20082.167.755.505
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12302D0351/00T002 | Flanders | 1,144 m² | 1 · 213 m² | 5.7 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 1,283 EUR awarded · 1,283 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,283 EUR | 1,283 EUR |
Recognitions · licences · registrations
Legal Entity Identifier
699400VWHBWWBTD3MN72
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STRUCTUUR-RUIMTE & TECHNOLOGIE
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EGG
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Of 14,138 companies in sector 74201 we hold annual accounts for 2,616. 2,180 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
Founded27-11-2007
Fiscal year end31-03
Activities, NACEBEL 2025
74201Photography, excluding press photography
26200Manufacture of computer, electronic and optical products
27900Manufacture of electrical equipment
30310Manufacture of other transport equipment
46649Wholesale of other machinery and equipment
62900Other information technology and computer services
62100Computer programming
62200Computer consultancy and computer facilities management
63100Computing infrastructure, data processing, hosting and related activities
74209Other photographic activities
82990Other business support services
95100Repair and maintenance of computers and communication equipment
E-invoicing
Reachable via Peppol
Peppol ID
0208:0893812834
Also
9925:BE0893812834
Registered
06-06-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.