COGEFIL
ActiveSummary
COGEFIL has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €330k and a net result of €-7k. Equity remains stable across the filed fiscal years (±1.9% per year). Its solvency ranks better than 95% of 11322 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
86
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability77▲+1
Solvency100=
Growth22=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
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 · 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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← 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
99.9%
Return on assets
-2.1%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-7k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-08-2026, 29 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
29 d late
2024
30 d late
2023
27 d late
2022
29 d late
2021
on the day
2020
24 d late
2019
26 d late
← 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 2025, micro schema
Turnover
€1k=
2024 · €1k
2018: €3k
2019: €1k
2020: €2k
2021: €1k
2022: €1k
2023: €1k
2024: €1k
2018 → 2025
EBIT margin
-433.1%▲ 406.9pp
2024 · -840.0%
2018: -122.4%
2019: -203.6%
2020: -290.8%
2021: -535.3%
2022: -306.4%
2023: -355.4%
2024: -840.0%
2018 → 2025
Net result
€-7k▲ 46.7%
2024 · €-13k
2018: €-2k
2019: €-4k
2020: €-5k
2021: €-8k
2022: €-4k
2023: €-6k
2024: €-13k
2018 → 2025
Working capital
€108k▲ 9.9%
2024 · €98k
2018: €68k
2019: €62k
2020: €73k
2021: €81k
2022: €93k
2024: €98k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€1k-€1k=€1k=€1k=€1k=
Equity€360k-€355k▼ 1.2%€350k▼ 1.6%€337k▼ 3.7%€330k▼ 2.0%
Operating result€-8k-€-5k▲ 42.8%€-5k▼ 16.0%€-12k▼ 136%€-6k▲ 48.4%
Net result€-8k-€-4k▲ 49.3%€-6k▼ 33.8%€-13k▼ 128%€-7k▲ 46.7%
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 €6k in 2025 against €12k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €330k
Fixed assets
€222k ▼ 7.0%
Current assets
€108k ▲ 8.9%
Equity and liabilities €330k
Equity
€330k ▼ 2.0%
Debt
€168 ▼ 84.6%
Debt's share of the balance-sheet total falls from 0.3% to 0.1%. Equity and debt are lower.
Key figures and ratios
EBITDA
€10k▲
2024 · €4k
Cash flow
€10k▲
2024 · €3k
Debt to equity
0.00▼
2024 · 0.00
ROE
-2.1%▲
2024 · -3.8%
ROA
-2.1%▲
2024 · -3.8%
Interest coverage
26.70▲
2024 · 12.42
Debt ≤ 1 year
€168▼
2024 · €1k
A ratio outside any meaningful range has been withheld (balance sheet total €330k, equity €330k).
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 · 2025 against 2024 · 37 lines
Balance sheet
Code20242025
Assets
Total assets20/58€338k€330k▼
Fixed assets21/28€239k€222k▼
Tangible fixed assets22/27€239k€222k▼
Land and buildings22€214k€200k▼
Plant, machinery and equipment23€24k€23k▼
Financial fixed assets28€60€60=
Current assets29/58€99k€108k▲
Amounts receivable within one year40/41€13k€14k▲
Trade receivables40€1k€1k▲
Other amounts receivable41€12k€12k=
Cash at bank and in hand54/58€86k€95k▲
Equity and liabilities
Total equity and liabilities10/49€338k€330k▼
Equity10/15€337k€330k▼
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€317k€310k▼
Amounts payable17/49€1k€168▼
Amounts payable within one year42/48€1k€168▼
Trade debts44€15-
Suppliers440/4€15-
Taxes, remuneration and social security45€1k€168▼
Taxes450/3€1k€168▼
Income statement
Code20242025
Turnover70€1k€1k=
Goods, raw materials, services and sundry goods60/61€8k€4k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€16k€17k▲
Other operating charges640/8€8k€6k▼
Gross operating margin9900€11k€16k▲
Operating profit (loss)9901€-12k€-6k▲
Financial charges65/66B€300€380▲
Recurring financial charges65€300€380▲
Profit (loss) for the period before taxes9903€-13k€-7k▲
Profit (loss) for the period9904€-13k€-7k▲
Profit (loss) for the period to be appropriated9905€-13k€-7k▲
Appropriation of the result
Profit (loss) to be appropriated9906€317k€310k▼
Profit (loss) brought forward from the previous period14P€329k€317k▼
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
29-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 29 days late
2025
31-12
Financial
Liquidity times 7current ratio 644.29
Current ratio from 90.94 to 644.29; short-term debt falls from €1k to €168.
30-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 30 days late
2024
31-12
Financial
Weakest financial yearnet €-13k
Net result drops to €-13k, the lowest in the series; recovery starts the following year.
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 27 days late
2023
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
31-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Liquidity triplescurrent ratio 591.01
Current ratio from 186.11 to 591.01; short-term debt falls from €397 to €138.
24-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 24 days late
2020
31-12
Financial
Liquidity times 12current ratio 186.11
Current ratio from 15.42 to 186.11; short-term debt falls from €4k to €397.
26-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 26 days late
2019
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
2018
17-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 17 days late
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 28 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, Charleroi · 1 establishment unit since 1991
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.
Boulevard Joseph Tirou 206000 CharleroiGround area
4,789 m²
Building footprint
1,973 m²
Volume, LiDAR
41,609 m³
2 parcels, Wallonia · tallest building 28.0 m, ±7 floors. Linked by address, not a title deed.
1 establishment unit
Rue Eau-sur-Elle 43, 6043 Charleroi
since 19912.055.362.692
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52058A0497/00D002 | Wallonia | 2,650 m² | 1 · 58 m² | 11.6 m · 3 fl. |
| 52011D0248/00X000 | Wallonia | 2,139 m² | 1 · 1,915 m² | 28.0 m · 7 fl. |
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.
Similar companies · same sector, comparable size
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BUSINESS MANAGEMENT CONSULTING
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Of 6,155 companies in sector 46190 we hold annual accounts for 2,570. 1,703 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 formPrivate limited company
Founded11-12-1991
Fiscal year end31-12
Activities, NACEBEL 2025
46190Agents in non-specialised wholesale trade
Sources
Crossroads Bank for EnterprisesNational Bank · 34 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.