COGELIGHT
ActiveSummary
COGELIGHT has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €292k and a net result of €-13k. Equity is growing by ~3.2% per year across the filed fiscal years. Its solvency ranks better than 75% of 1638 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
69
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability15▼-35
Solvency96▼-4
Growth52=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €20k at 30 days acceptable
Liquidity ample (current ratio 3.54 against 4.7 in 2024; short-term debt: 27.4% and cash: 32.1% of total assets), and 29.1% of the assets are financed with debt.
Credit check 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 · 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 €-13k
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 06-07-2026, 25 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
25 d early
2024
14 d late
2023
27 d late
2022
on the day
2021
2 d late
2020
69 d late
2019
21 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, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-13k▼ 175%
2024 · €-5k
2018: €6k
2019: €11k
2020: €14k
2021: €12k
2022: €8k
2023: €12k
2024: €-5k
2018 → 2025
Working capital
€287k▼ 3.1%
2024 · €296k
2018: €253k
2019: €264k
2020: €274k
2021: €285k
2022: €292k
2023: €296k
2024: €296k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€290k-€298k▲ 2.6%€310k▲ 4.2%€306k▼ 1.5%€292k▼ 4.3%
Operating result€19k-€14k▼ 22.6%€24k▲ 64.9%€2k▼ 93.2%€-8k
Net result€12k-€8k▼ 34.8%€12k▲ 62.2%€-5k€-13k▼ 175%
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €8k after €2k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €413k
Fixed assets
€13k ▼ 39.6%
Current assets
€399k ▲ 6.3%
Equity and liabilities €413k
Equity
€292k ▼ 4.3%
Debt
€120k ▲ 30.6%
Debt's share of the balance-sheet total rises from 23.1% to 29.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€167▼
2024 · €10k
Cash flow
€-4k▼
2024 · €4k
Current ratio
3.54▼
2024 · 4.70
Debt to equity
0.41▲
2024 · 0.30
ROE
-4.5%▼
2024 · -1.6%
ROA
-3.2%▼
2024 · -1.2%
Interest coverage
0.07▼
2024 · 3.88
Debt ≤ 1 year
€113k▲
2024 · €80k
Debt > 1 year
€7k▼
2024 · €12k
Income taxes
€2k▼
2024 · €4k
Staff costs
€435k▲
2024 · €344k
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 · 51 lines
Balance sheet
Code20242025
Assets
Total assets20/58€397k€413k▲
Fixed assets21/28€22k€13k▼
Tangible fixed assets22/27€22k€13k▼
Furniture and vehicles24€22k€13k▼
Current assets29/58€376k€399k▲
Amounts receivable within one year40/41€304k€254k▼
Trade receivables40€163k€189k▲
Other amounts receivable41€140k€66k▼
Cash at bank and in hand54/58€68k€132k▲
Deferred charges and accrued income490/1€5k€13k▲
Equity and liabilities
Total equity and liabilities10/49€397k€413k▲
Equity10/15€306k€292k▼
Contributions10/11€65k€65k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Outside capital11€3k€3k=
Share premium1100/10€3k€3k=
Reserves13€6k€6k=
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Profit (loss) carried forward14€234k€221k▼
Amounts payable17/49€92k€120k▲
Amounts payable after more than one year17€12k€7k▼
Financial debts170/4€12k€7k▼
Amounts payable within one year42/48€80k€113k▲
Current portion of amounts payable after more than one year42€5k€5k▲
Financial debts43€23k€24k▲
Credit institutions430/8€23k€24k▲
Trade debts44€12k€20k▲
Suppliers440/4€12k€20k▲
Taxes, remuneration and social security45€39k€62k▲
Taxes450/3€55€11k▲
Remuneration and social security454/9€39k€51k▲
Other amounts payable47/48€672€2k▲
Income statement
Code20242025
Remuneration, social security and pensions62€344k€435k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€9k▼
Other operating charges640/8€567€528▼
Non-recurring operating charges66A-€79k
Gross operating margin9900€355k€515k▲
Operating profit (loss)9901€2k€-8k▼
Financial income75/76B€29€17▼
Recurring financial income75€29€17▼
Financial charges65/66B€3k€2k▼
Recurring financial charges65€3k€2k▼
Profit (loss) for the period before taxes9903€-1k€-11k▼
Income taxes67/77€4k€2k▼
Profit (loss) for the period9904€-5k€-13k▼
Profit (loss) for the period to be appropriated9905€-5k€-13k▼
Appropriation of the result
Profit (loss) to be appropriated9906€234k€221k▼
Profit (loss) brought forward from the previous period14P€239k€234k▼
Social balance
Average headcount (FTE)90877.7-
The notes to these accounts (11 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
06-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet €-13k
Net result drops to €-13k, the lowest in the series.
14-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 14 days late
2024
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 27 days late
2023
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
02-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 2 days late
2021
08-10
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 69 days late
2020
31-12
Financial
Highest result since 2018net €14k ▲29.4%
Net result €14k, the highest in the series.
21-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 21 days late
2019
15-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
12-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
09-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 9 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Fleurus · 1 establishment unit since 1988
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.
Chaussée de Gilly(FL) 2536220 FleurusGround area
3,821 m²
Building footprint
238 m²
Parcel 52332C0385/00Y000, Wallonia. Linked by address, not a title deed.
1 establishment unit
COGELIGHT
since 19882.041.053.412
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52332C0385/00Y000 | Wallonia | 3,821 m² | 1 · 238 m² | - |
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.
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Of 9,860 companies in sector 73110 we hold annual accounts for 3,753. 2,583 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 formPublic limited company
Founded01-09-1988
Fiscal year end31-12
Activities, NACEBEL 2025
18120Other printing
73110Advertising agencies
Sources
Crossroads Bank for EnterprisesNational Bank · 36 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.