ACTIVE

COGELIGHT

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Financial year 2025 · closed on 31/12/2025

Net result

-13 k €

-174.6% YoY

Gross margin

515 k €

+45.0% YoY

Equity

292,5 k €

-4.3% YoY

What does COGELIGHT do?

COGELIGHT is a Public limited company incorporated in 1988. Its main activity is: Other printing. Its registered office is in Fleurus.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0435.801.796

Incorporation

01/09/1988

Legal form

Public limited company

Registered office

Chaussée de Gilly(FL) 253
6220 Fleurus · WallonieSee on map

Contributed capital

64 958,02 €

Latest accounts

31/12/2025

Activities (NACE)

18120Other printing· main 18120Other printing 73110Advertising agencies 73110Advertising agencies 74401Other professional, scientific and technical activities

Joint committees (4)

100
1090
2000
201

Signals

Solid equityLow riskGood liquidityPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	515 k €	+45.0%	355,1 k €	-3.3%	367,1 k €	-6.2%	391,5 k €	-10.9%	439,4 k €	+2.3%	429,6 k €	+3.2%	416,4 k €	+11.3%	374,2 k €	+19.7%	312,7 k €	-13.0%	359,6 k €	+12.7%	318,9 k €	+10.7%	288,1 k €	-3.5%	298,6 k €	-11.1%	335,9 k €	-15.5%	397,7 k €	+359%	86,7 k €	-69.9%	288,4 k €	+25.4%	230 k €	-15.4%	271,9 k €
EBITDA	166,7 €	-98.4%	10,5 k €	-65.5%	30,4 k €	+68.8%	18 k €	-19.0%	22,2 k €	-5.7%	23,5 k €	+35.3%	17,4 k €	+26.9%	13,7 k €	-36.3%	21,5 k €	-7.0%	23,1 k €	+904%	-2,9 k €	-112%	24,2 k €	+20.2%	20,1 k €	-74.0%	77,4 k €	-57.7%	183 k €	+206%	-172,5 k €	-1455%	12,7 k €	+135%	-36,6 k €	-159%	61,9 k €
Operating result	-8,4 k €	-623%	1,6 k €	-93.2%	23,9 k €	+64.9%	14,5 k €	-22.6%	18,7 k €	-20.5%	23,5 k €	+35.3%	17,4 k €	+26.9%	13,7 k €	-36.3%	21,5 k €	-7.0%	23,1 k €	+904%	-2,9 k €	-112%	24,2 k €	+22.2%	19,8 k €	-74.3%	77 k €	-52.4%	161,5 k €	+191%	-177,9 k €	-20548%	869,9 €	+102%	-48,8 k €	-197%	50,2 k €
Net result	-13 k €	-175%	-4,7 k €	-138%	12,4 k €	+62.2%	7,6 k €	-34.8%	11,7 k €	+7.0%	10,9 k €	+92.2%	5,7 k €	+107%	2,7 k €	-75.7%	11,3 k €	-26.5%	15,4 k €	+2520%	587 €	-96.7%	17,9 k €	+56.8%	11,4 k €	-85.0%	76 k €	-52.6%	160,3 k €	+187%	-184,1 k €	-5760%	-3,1 k €	+94.8%	-60,9 k €	-218%	51,4 k €
Balance sheet
Equity	292,5 k €	-4.3%	305,5 k €	-1.5%	310,2 k €	+4.2%	297,9 k €	+2.6%	290,3 k €	+10.0%	263,8 k €	+4.3%	252,9 k €	+2.3%	247,2 k €	+1.1%	244,5 k €	+4.8%	233,2 k €	+7.1%	217,8 k €	-8.2%	237,2 k €	-0.9%	239,4 k €	-3.5%	248 k €	+29.2%	192 k €	+505%	31,7 k €	-85.3%	215,8 k €	-1.4%	218,9 k €	-21.8%	279,8 k €
Total assets	412,6 k €	+3.8%	397,5 k €	-5.0%	418,6 k €	+13.3%	369,4 k €	-17.1%	445,7 k €	+29.6%	344 k €	+3.8%	331,4 k €	+3.7%	319,7 k €	+1.6%	314,8 k €	+0.3%	313,8 k €	-4.6%	328,8 k €	+2.9%	319,5 k €	+7.6%	296,8 k €	-55.2%	663 k €	+11.1%	596,8 k €	+12.1%	532,5 k €	-33.2%	796,9 k €	+28.7%	619,4 k €	+22.1%	507,1 k €
Cash	132,4 k €	+96.0%	67,5 k €	-36.5%	106,4 k €	+41.5%	75,2 k €	-24.3%	99,4 k €	+76.8%	56,2 k €	+30.8%	43 k €	-27.8%	59,6 k €	+97.5%	30,2 k €	-51.3%	62 k €	+14.0%	54,4 k €	+183%	19,2 k €	+80.2%	10,7 k €	-67.6%	32,9 k €	-18.6%	40,5 k €	+31.8%	30,7 k €	+24.7%	24,6 k €	-44.7%	44,5 k €	-75.3%	180,3 k €
Debts	120,1 k €	+30.6%	92 k €	-15.1%	108,3 k €	+51.5%	71,5 k €	-54.0%	155,4 k €	+94.0%	80,1 k €	+2.1%	78,5 k €	+8.4%	72,4 k €	+3.1%	70,3 k €	-12.8%	80,6 k €	-27.3%	111 k €	+34.9%	82,3 k €	+43.2%	57,4 k €	-86.2%	415 k €	+2.5%	404,8 k €	-19.2%	500,8 k €	-6.7%	537 k €	+35.3%	396,9 k €	+79.4%	221,2 k €
Other
Workforce	–		7,7 ETP	-3.7%	8,0 ETP	-11.1%	9,0 ETP	-10.0%	10,0 ETP		–		–		–		–		8,2 ETP	-11.8%	9,3 ETP	+13.4%	8,2 ETP	+1.2%	8,1 ETP	+3.8%	7,8 ETP	-1.3%	7,9 ETP	-8.1%	8,6 ETP	+3.6%	8,3 ETP	-3.5%	8,6 ETP	+22.9%	7,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 19 ended

Active mandates

Cogeaf Group

Director · 0882.332.190

Active

JPM & Management

Director · 0820.309.105

Represented by Millan JEAN POL

Active

Olivier KNOCKAERT

Director

Active

Vincent Millan

Director

Active

Ended mandates

ANDRE VAUSE

Managing director · since 05 juin 2012 · until 05 juin 2018

Ended

VINCENT MILLAN

Director · since 05 juin 2012 · until 05 juin 2018

Ended

VINCENT MILLAN

Managing director · since 05 juin 2012 · until 05 juin 2018

Ended

André VAUSE

Managing director · since 01 août 2006 · until 06 juin 2012

Ended

At this address

Other companies at this address

Company	CBE no.
COGEAF● Active	0423.286.818
PROGEAF● Active	0823.522.377
V-MANAGEMENT● Active	0820.304.650

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	06/07/2026	14/08/2025	27/08/2024	31/07/2023	02/08/2022	08/10/2021
General meeting	02/06/2026	03/06/2025	04/06/2024	06/06/2023	07/06/2022	02/06/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	02/06/2026	06/07/2026	French	PDF
Abridged model	31/12/2024	03/06/2025	14/08/2025	French	PDF
Abridged model	31/12/2023	04/06/2024	27/08/2024	French	PDF
Abridged model	31/12/2022	06/06/2023	31/07/2023	French	PDF
Abridged model	31/12/2021	07/06/2022	02/08/2022	French	PDF
Abridged model	31/12/2020	02/06/2021	08/10/2021	French	PDF
Micro model	31/12/2019	02/06/2020	21/08/2020	French	PDF
Micro model	31/12/2018	04/06/2019	15/07/2019	French	PDF
Micro model	31/12/2017	05/06/2018	12/07/2018	French	PDF
Abridged model	31/12/2016	06/06/2017	09/08/2017	French	PDF
Abridged model	31/12/2015	07/06/2016	04/07/2016	French	PDF
Abridged model	31/12/2014	02/06/2015	17/06/2015	French	PDF
Abridged model	31/12/2013	03/06/2014	01/08/2014	French	PDF
Abridged model	31/12/2012	04/06/2013	08/07/2013	French	PDF
Abridged model	31/12/2011	05/06/2012	24/08/2012	French	PDF
Abridged model	31/12/2010	07/06/2011	17/06/2011	French	PDF
Abridged model	31/12/2009	01/06/2010	29/07/2010	French	PDF
Abridged model	31/12/2008	05/05/2009	14/05/2009	French	PDF
Abridged model	31/12/2007	28/08/2008	28/08/2008	French	PDF
Abridged model	31/12/2006	30/06/2007	30/07/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 k€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 19 ended

Active mandates

Cogeaf Group

Director · 0882.332.190

Active

JPM & Management

Director · 0820.309.105

Represented by Millan JEAN POL

Active

Olivier KNOCKAERT

Director

Active

Vincent Millan

Director

Active

Ended mandates

ANDRE VAUSE

Managing director · since 05 juin 2012 · until 05 juin 2018

Ended

VINCENT MILLAN

Director · since 05 juin 2012 · until 05 juin 2018

Ended

VINCENT MILLAN

Managing director · since 05 juin 2012 · until 05 juin 2018

Ended

André VAUSE

Managing director · since 01 août 2006 · until 06 juin 2012

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates22/04/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates16/08/2016
DEMISSIONS, NOMINATIONS
PDF
Mandates02/07/2015
DEMISSIONS, NOMINATIONS
PDF
Capital / shares16/01/2012
CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates17/04/2008
DEMISSIONS, NOMINATIONS
PDF
Registered office03/12/2004
SIEGE SOCIAL
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 2025-13 k €↓
2024
Annual accounts 2024-4,7 k €↓
2023
Annual accounts 202312,4 k €↑
2022
Annual accounts 20227,6 k €↓
2021
Annual accounts 202111,7 k €↑
2019
Annual accounts 201910,9 k €↑
2018
Annual accounts 20185,7 k €↑
2017
Annual accounts 20172,7 k €↓
2016
Annual accounts 201611,3 k €↓
2015
Annual accounts 201515,4 k €↑
2014
Annual accounts 2014587 €↓
2013
Annual accounts 201317,9 k €↑
2012
Annual accounts 201211,4 k €↓
2011
Annual accounts 201176 k €↓
2010
Annual accounts 2010160,3 k €↑
2009
Annual accounts 2009-184,1 k €↓
2008
Annual accounts 2008-3,1 k €↑
2007
Annual accounts 2007-60,9 k €↓
2006
Annual accounts 200651,4 k €
01/09/1988
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

COGELIGHT

Overview

What does COGELIGHT do?

Trend over 19 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline