COGESTICK
ActiveCOGESTICK has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €351k and a net result of €-58k. Equity is growing by ~7.7% per year across the filed fiscal years. Its solvency ranks better than 39% of 1544 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
55
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability12▼-61
Solvency55▼-4
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €19k at 30 days acceptable
Liquidity ample (current ratio 2.53 against 0.92 in 2023; short-term debt: 17.7% and cash: 0.3% of total assets), but 69.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 62
Relative position
BE, all sectors
reference
Sector 62
lower
← fewer bankruptcies
more bankruptcies →
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
30.3%
Return on assets
-5%
Age of the figures
21 mo
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-08-2025, 28 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
not confirmed
2024
28 d late
2023
28 d late
2022
70 d late
2021
31 d late
2020
31 d late
2019
76 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-58k
2023 · €43k
2018: €-5k
2019: €3k
2020: €-75k
2021: €-63k
2022: €11k
2023: €43k
2018 → 2024
Working capital
€314k
2023 · €-45k
2018: €150k
2019: €129k
2020: €105k
2021: €19k
2022: €-28k
2023: €-45k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€187k-€355k▲ 89.9%€366k▲ 3.1%€409k▲ 11.7%€351k▼ 14.3%
Operating result€-72k-€-61k▲ 14.4%€12k€43k▲ 259%€-59k
Net result€-75k-€-63k▲ 15.1%€11k€43k▲ 284%€-58k
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €59k after €43k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.16M
Fixed assets
€640k▼ 6.2%
Current assets
€518k▼ 3.5%
Equity and liabilities €1.16M
Equity
€351k▼ 14.3%
Debt
€808k▼ 0.3%
The debt ratio rises from 66.5% to 69.7%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-24k▼
2023 · €84k
Cash flow
€-23k▼
2023 · €84k
Solvency
30.3%▼
2023 · 33.5%
Current ratio
2.53▲
2023 · 0.92
Quick ratio
2.44▲
2023 · 0.89
Debt / equity
2.30▲
2023 · 1.98
ROE
-16.6%▼
2023 · 10.5%
ROA
-5.0%▼
2023 · 3.5%
Interest coverage
-5.86▼
2023 · 16.73
Debt
€808k▼
2023 · €810k
Debt ≤ 1 year
€205k▼
2023 · €582k
Debt > 1 year
€603k▲
2023 · €228k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€1.22M€1.16M▼
Fixed assets21/28€682k€640k▼
Tangible fixed assets22/27€666k€624k▼
Land and buildings22€572k€564k▼
Plant, machinery and equipment23€9k€4k▼
Furniture and vehicles24€83k€54k▼
Other tangible fixed assets26€2k€2k▼
Financial fixed assets28€16k€16k=
Current assets29/58€537k€518k▼
Stocks and contracts in progress3€21k€20k▼
Stocks30/36€21k€20k▼
Amounts receivable within one year40/41€493k€490k▼
Trade receivables40€70k€11k▼
Other amounts receivable41€422k€479k▲
Cash at bank and in hand54/58€18k€4k▼
Deferred charges and accrued income490/1€6k€5k▼
Equity and liabilities
Total equity and liabilities10/49€1.22M€1.16M▼
Equity10/15€409k€351k▼
Contributions10/11€246k€246k=
Profit (loss) carried forward14€163k€105k▼
Amounts payable17/49€810k€808k▼
Amounts payable after more than one year17€228k€603k▲
Financial debts170/4€228k€603k▲
Amounts payable within one year42/48€582k€205k▼
Current portion of amounts payable after more than one year42€25k€25k▲
Trade debts44€27k€26k▼
Suppliers440/4€27k€26k▼
Taxes, remuneration and social security45€5k€1k▼
Taxes450/3€5k€1k▼
Other amounts payable47/48€525k€152k▼
Accrued charges and deferred income492/3€104-
Income statement
Code20232024
Non-recurring operating income76A€105k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€41k€35k▼
Other operating charges640/8€4k€4k▼
Non-recurring operating charges66A-€6k
Gross operating margin9900€89k€-14k▼
Operating profit (loss)9901€43k€-59k▼
Financial income75/76B€4k€5k▲
Recurring financial income75€4k€5k▲
Financial charges65/66B€5k€4k▼
Recurring financial charges65€5k€4k▼
Profit (loss) for the period before taxes9903€43k€-58k▼
Income taxes67/77€12-
Profit (loss) for the period9904€43k€-58k▼
Profit (loss) for the period to be appropriated9905€43k€-58k▼
Appropriation of the result
Profit (loss) to be appropriated9906€163k€105k▼
Profit (loss) brought forward from the previous period14P€120k€163k▲
The notes to these accounts (20 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 28 days late
2024
31-12
Financial
Liquidity triplescurrent ratio 2.53
Current ratio from 0.92 to 2.53; short-term debt falls from €582k to €205k.
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 28 days late
2023
31-12
Financial
Highest result since 2018net €43k ▲284%
Operating result €43k, net result €43k, both a record.
09-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 70 days late
2022
31-12
Financial
Back to profitnet €11k
Net result €11k after 2 loss-making years.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Equity above €200kEq €355k ▲89.9%
Equity rises from €187k to €355k.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Weakest financial yearnet €-75k ▼2767%
Net result drops to €-75k, the lowest in the series; recovery starts the following year.
15-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 76 days late
2019
31-12
Financial
Back to profitnet €3k
Net result €3k after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
2016
26-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 26 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Walcourt · 2 establishment units since 2010
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 de Thy-le-Bauduin(Lan) 505651 WalcourtGround area
1,217 m²
Building footprint
99 m²
Parcel 93037B0046/00H000, Wallonia. Linked by address, not a title deed.
2 establishment units
Rue de Thy-le-Bauduin(Lan) 50, 5651 Walcourt
since 20102.194.709.627
Allée de Linaires(Cha) 14, 5650 Walcourt
since 20132.220.575.765
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 93037B0046/00H000 | Wallonia | 1,217 m² | 1 · 99 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.
Similar companies · same sector, comparable size
DX
BE 0867.720.725
Jodoigne · Eq €351k
MAJUTEC
BE 0536.775.234
Juprelle · Eq €351k
AXIS 0
BE 0829.317.237
Lummen · Eq €351k
THINK DIFFERENT MEDIA
BE 0865.288.993
Soumagne · Eq €350k
EXXOSS
BE 0898.103.796
Seraing · Eq €350k
Of 30,000 companies in sector 62200 we hold annual accounts for 18,392. 13,300 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded28-12-2010
Fiscal year end31-12
Activities, NACEBEL
62020IT consultancy
62200Computer consultancy and computer facilities management
62900Other information technology and computer services
63100Computing infrastructure, data processing, hosting and related activities
63110Computing infrastructure, data processing, hosting and other information service activities
68322Real estate appraisal on a fee or contract basis
71121Engineering and related technical consultancy, excluding land surveyors
Sources
Crossroads Bank for EnterprisesNational Bank · 14 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:francois.delvaux@cogestick.be
Fax:+32 71 65 13 53