COGEN-VLAANDEREN
ActiveSummary
COGEN-VLAANDEREN has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €173k and a net result of €-31k. Equity is shrinking by ~5% per year across the filed fiscal years. The computed 12-month bankruptcy probability is < 0.1% (very low).
Checked score
Score 2024
70
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability5▲+2
Solvency73▼-27
Growth22▼-33
Track record100
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days acceptable
Liquidity ample (current ratio 8.49 against 6.31 in 2023; short-term debt: 11.7% and cash: 48% of total assets), but 51.9% 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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Sector 71
lower
← 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
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
48.1%
Return on assets
-8.5%
Age of the figures
21 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 02-06-2026, 59 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
59 d early
2024
107 d early
2023
71 d early
2022
70 d early
2021
72 d early
2020
46 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2024, micro schema
Turnover
€15k▼ 64.4%
2023 · €43k
2022: €23k
2023: €43k
2022 → 2024
EBIT margin
-196.6%▼ 125.6pp
2023 · -71.0%
2022: 45.8%
2023: -71.0%
2022 → 2024
Net result
€-31k▲ 1.3%
2023 · €-31k
2020: €-18k
2021: €5k
2022: €10k
2023: €-31k
2020 → 2024
Working capital
€314k▲ 46.3%
2023 · €215k
2020: €312k
2021: €235k
2022: €253k
2023: €215k
2020 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€23k€43k▲ 90.1%€15k▼ 64.4%
Equity€219k-€224k▲ 2.4%€235k▲ 4.6%€204k▼ 13.2%€173k▼ 15.1%
Operating result€-17k-€6k€10k▲ 63.9%€-31k€-30k▲ 1.4%
Net result€-18k-€5k€10k▲ 93.2%€-31k€-31k▲ 1.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €30k in 2024 against €31k in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €360k
Fixed assets
€3k ▼ 10.1%
Current assets
€356k ▲ 39.6%
Equity and liabilities €360k
Equity
€173k ▼ 15.1%
Debt
€187k ▲ 237%
Debt's share of the balance-sheet total rises from 21.4% to 51.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-30k▲
2023 · €-30k
Cash flow
€-30k▲
2023 · €-31k
Current ratio
8.49▲
2023 · 6.31
Debt to equity
1.08▲
2023 · 0.27
ROE
-17.7%▼
2023 · -15.3%
ROA
-8.5%▲
2023 · -12.0%
Interest coverage
-124.77▲
2023 · -135.99
Debt ≤ 1 year
€42k▲
2023 · €40k
Staff costs
€144k▼
2023 · €173k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 40 lines
Balance sheet
Code20232024
Assets
Total assets20/58€259k€360k▲
Fixed assets21/28€4k€3k▼
Tangible fixed assets22/27€381-
Plant, machinery and equipment23€381-
Financial fixed assets28€3k€3k▲
Current assets29/58€255k€356k▲
Amounts receivable within one year40/41€55k€183k▲
Trade receivables40€26k€154k▲
Other amounts receivable41€29k€29k▼
Cash at bank and in hand54/58€194k€172k▼
Deferred charges and accrued income490/1€6k€497▼
Equity and liabilities
Total equity and liabilities10/49€259k€360k▲
Equity10/15€204k€173k▼
Reserves13€101k€101k=
Profit (loss) carried forward14€103k€72k▼
Amounts payable17/49€55k€187k▲
Amounts payable within one year42/48€40k€42k▲
Trade debts44€6k€13k▲
Suppliers440/4€6k€13k▲
Taxes, remuneration and social security45€35k€29k▼
Taxes450/3€5k€7k▲
Remuneration and social security454/9€30k€22k▼
Accrued charges and deferred income492/3€15k€145k▲
Income statement
Code20232024
Turnover70€43k€15k▼
Goods, raw materials, services and sundry goods60/61€216k€171k▼
Remuneration, social security and pensions62€173k€144k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€381€381=
Other operating charges640/8€305€166▼
Gross operating margin9900€127k€114k▼
Operating profit (loss)9901€-31k€-30k▲
Financial income75/76B€20€8▼
Recurring financial income75€20€8▼
Financial charges65/66B€224€241▲
Recurring financial charges65€224€241▲
Profit (loss) for the period before taxes9903€-31k€-31k▲
Income taxes67/77€6-
Profit (loss) for the period9904€-31k€-31k▲
Profit (loss) for the period to be appropriated9905€-31k€-31k▲
Appropriation of the result
Profit (loss) to be appropriated9906€103k€72k▼
Profit (loss) brought forward from the previous period14P€134k€103k▼
The notes to these accounts (6 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
05-08
State Gazette act
Reappointments: Kris De Wit, Filip Lesaffer and Ann WoutersResignations: Kenneth Pauwels (director) and Jean Pierre Boydens (day-to-day manager) · Appointments: Niels Smolders, Danielle Baetens and 14 others · Permanent representatives: Frédérick Loeckx and Stefaan Kint28 facts ▸
State Gazette act
Reappointments: Kris De Wit, Filip Lesaffer and Ann Wouters
Resignations: Kenneth Pauwels (director) and Jean Pierre Boydens (day-to-day manager) · Appointments: Niels Smolders, Danielle Baetens and 14 others · Permanent representatives: Frédérick Loeckx and Stefaan Kint28 facts ▸
- General meeting, 22/05/2026
- Board meeting, 22/05/2026
- Director reappointment, Kris De Wit (director)
- Director reappointment, Filip Lesaffer (director)
- Director reappointment, Ann Wouters (director)
- Director resignation, Kenneth Pauwels (director)
- Director appointment, Niels Smolders (director)
- Director resignation, Jean Pierre Boydens (day-to-day manager)
- Director appointment, Danielle Baetens (treasurer)
- Director appointment, Kris Voorspools (algemeen directeur)
- Director appointment, Kris Voorspools (wettelijk vertegenwoordiger)
- Director appointment, Frank Schoonacker (chair)
- +16 further facts in this act
02-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
15-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
21-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-31k ▼401%
Net result drops to €-31k, the lowest in the series; recovery starts the following year.
22-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2020net €10k ▲93.2%
Operating result €10k, net result €10k, both a record.
20-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €5k
Net result €5k after one loss-making year.
15-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
under verification, no change since 2026
This board is reconstructed from a single act (26100361). A Gazette act generally publishes only CHANGES, not a full roll call, so directors unchanged since then may be missing here. The KBO register holds the complete list of function holders.
Danielle Baetens
CurrentTreasurer · since 22-05-2026
De Boerenbond
CurrentDirector · since 22-05-2026 · Legal entity · perm. rep.: Stefaan Kint
Elisabeth Prasman
CurrentDirector · since 22-05-2026
Flux 50 VZW
CurrentDirector · since 22-05-2026 · Legal entity · perm. rep.: Frédérick Loeckx
Frank Schoonacker
CurrentChair · since 22-05-2026
Guy Willemot
CurrentDirector · since 22-05-2026
9 other directors
Ivan Verhaert
CurrentDirector · since 22-05-2026
Kris De Wit
CurrentDirector · since 22-05-2026
Kris Voorspools
CurrentAlgemeen directeur · since 22-05-2026
Lesaffer Filip
CurrentVice-chair · since 22-05-2026
Marc Rommens
CurrentDirector · since 22-05-2026
Niels Smolders
CurrentDirector · since 22-05-2026
Ronald Ansoms
CurrentDirector · since 22-05-2026
Valérie de Groote
CurrentDirector · since 22-05-2026
Wouters Ann
CurrentDirector · since 22-05-2026
05-08-2026
Boydens Jean Pierre: Resigned as Day-to-day manager
05-08-2026
Pauwels Kenneth: Resigned as Director
22-05-2026
Danielle Baetens: Appointed as Treasurer
22-05-2026
De Boerenbond: Appointed as Director
22-05-2026
Elisabeth Prasman: Appointed as Director
Location & real-estate footprint
Registered office, Brussel · 1 establishment unit since 2007
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.
Koningsstraat 1461000 BrusselGround area
475 m²
Building footprint
344 m²
Volume, LiDAR
8,788 m³
Parcel 21803C1134/00B003, Brussels · tallest building 32.1 m, ±9 floors. Linked by address, not a title deed.
1 establishment unit
COGEN-VLAANDEREN
since 20072.158.797.653
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21803C1134/00B003 ProtectedMonumentGebouw Leverhouse |
Brussels | 475 m² | 1 · 344 m² | 32.1 m · 9 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.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Structure & network
Connections & network
11 connected companiesLinked via shared directors
via Frank Schoonacker · Director
→
via Danielle Baetens · Vice-chair
→
via Frank Schoonacker · Class A director
→
via Frank Schoonacker · Director
→
Show 7 more companies with a shared director
via Lesaffer Filip · Permanent representative
→
via Frank Schoonacker · Director
→
via Lesaffer Filip · Director
former→
via Guy Willemot · Director
former→
via Valérie de Groote · Director
former→
via Lesaffer Filip · Permanent representative
former→
via Frank Schoonacker · Director
former→
Public money · subsidies and aid
Flemish government
2022 to 2025 · 5 entries · 336,115 EUR awarded · 315,150 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 55,000 EUR | 55,000 EUR |
| 2024 | 1 | 55,000 EUR | 60,000 EUR |
| 2023 | 1 | 102,000 EUR | 100,035 EUR |
| 2022 | 2 | 124,115 EUR | 100,115 EUR |
Schemes
Werkingssubsidies ISE Energie
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
Federal government
2023 · 1 entry · 11,915 EUR in total| Year | Department | Transactions | Amount |
|---|---|---|---|
| 2023 | FOD Economie | 1 | 11,915 EUR |
Budget allocations
Toelagen in kader van de oproep tot projecten betreffende de energietransitie.
Similar companies · same sector, comparable size
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QI SOFTWORKS
BE 0817.273.993
Zoersel · Eq €172,754
BE³-PROJECTS
BE 0835.221.567
Stabroek · Eq €172,662
NIVA INTRU
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Gent · Eq €172,638
Of 11,550 companies in sector 71121 we hold annual accounts for 6,563. 5,213 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formNon-profit association
Founded04-09-2001
Fiscal year end31-12
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors
94999Other membership organisations
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.