ACTIVE

CoGreen

Export PDF

Financial year 2025 · closed on 31/12/2025

Net result

179,9 k €

-23.2% YoY

Equity

4,5 M €

-1.8% YoY

What does CoGreen do?

CoGreen is a Cooperative society incorporated in 2013. Its registered office is in Bruxelles.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0525.640.426

Incorporation

02/04/2013

Legal form

Cooperative society

Registered office

Boulevard Simon Bolivar 36
1000 Bruxelles · BruxellesSee on map

Contributed capital

4 380 375,00 €

Latest accounts

31/12/2025

Signals

ProfitableSolid equityLow riskPositive cashflow

View the BCE/KBO Public Search record →

Health score

Available with a Rovalta subscriptionTry for 7 days

Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 13 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013
Income statement
EBITDA	-21,5 k €	-12.3%	-19,1 k €	+28.2%	-26,6 k €	-11.6%	-23,8 k €	-18.7%	-20,1 k €	+23.8%	-26,4 k €	-40.7%	-18,7 k €	+0.7%	-18,9 k €	-2.7%	-18,4 k €	-39.1%	-13,2 k €	-12.8%	-11,7 k €	+17.3%	-14,2 k €	-205%	-4,6 k €
Operating result	-21,5 k €	-12.3%	-19,1 k €	+28.2%	-26,6 k €	-11.6%	-23,8 k €	-18.7%	-20,1 k €	+23.8%	-26,4 k €	-40.7%	-18,7 k €	+0.7%	-18,9 k €	-2.7%	-18,4 k €	-39.1%	-13,2 k €	-12.8%	-11,7 k €	+17.3%	-14,2 k €	-205%	-4,6 k €
Net result	179,9 k €	-23.2%	234,4 k €	-33.1%	350,4 k €	+40.1%	250,1 k €	+22.0%	204,9 k €	-26.3%	278,2 k €	+15.9%	240,1 k €	+24.6%	192,7 k €	+27.3%	151,3 k €	+42.3%	106,4 k €	+58.3%	67,2 k €	+16.4%	57,7 k €	+1346%	-4,6 k €
Balance sheet
Equity	4,5 M €	-1.8%	4,6 M €	-16.1%	5,5 M €	-0.0%	5,5 M €	-0.7%	5,5 M €	+3.7%	5,3 M €	+21.4%	4,4 M €	+7.8%	4,1 M €	-0.0%	4,1 M €	+31.6%	3,1 M €	+58.7%	2,0 M €	+107%	946,4 k €	+0.8%	939,1 k €
Total assets	4,8 M €	-5.8%	5,2 M €	-13.1%	5,9 M €	+1.3%	5,9 M €	-0.5%	5,9 M €	+3.5%	5,7 M €	+20.1%	4,7 M €	-10.4%	5,3 M €	+22.4%	4,3 M €	+31.7%	3,3 M €	+59.2%	2,1 M €	+100%	1,0 M €	+7.9%	951,3 k €
Cash	–		–		–		–		–		–		74,5 k €		–		–		–		–		76,1 k €	-92.0%	951,3 k €
Debts	268,7 k €	-42.6%	468,4 k €	+37.4%	340,9 k €	+40.2%	243,1 k €	+5.2%	231,2 k €	-9.7%	256,0 k €	+10.2%	232,4 k €	-78.9%	1,1 M €	+642%	148,2 k €	+24.9%	118,7 k €	+52.1%	78,0 k €	+46.0%	53,5 k €	+340%	12,2 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 5 active · 26 ended

Active mandates

Ann NAESSENS

Director · since 20 juin 2025 · until 20 juin 2028

Active

Lionel MATTHYSEN

Director · since 20 juin 2025 · until 20 juin 2028

Active

Maria SAS

Director · since 20 juin 2025 · until 20 juin 2028

Active

Julien LADRIÈRE

Director · since 21 juin 2024 · until 18 juin 2027

Active

Maria SAS

Chairman of the board of directors · since 21 juin 2024 · until 18 juin 2027

Active

Ended mandates

Lionel MATTHYSEN

Director · since 17 juin 2022 · until 20 juin 2025

Ended

Guy VAN RYSSEGHEM

Director · since 18 juin 2021 · until 21 juin 2024

Ended

Joris MEERSCHAERT

Director · since 18 juin 2021 · until 21 juin 2024

Ended

Ann NAESSENS

Director · since 21 juin 2019 · until 17 juin 2022

Ended

At this address

Other companies at this address

Company	CBE no.
BELGIAN NUCLEAR LIABILITIES FUND● Active	0760.370.429
BELGONUCLEAIRE● Active	0403.126.258
BELUX INNOVATION HOLDING● Active	0664.799.495
BE-NUC● Active	1009.228.976
BLOMHOF● Active	0405.671.420
Cercle des Ex-Tra asbl● Active	0725.783.296
Conquest4Wind P5● Active	0697.691.997
ELECTRABEL● Active	0403.170.701
ELECTRABEL GREEN PROJECTS FLANDERS● Active	0465.399.763
ELECTRABEL SEANERGY● Active	0479.612.837
Electric Mobility Infrastructure Belgium● Active	1027.867.824
ENERGY ASSISTANCE● Active	0475.635.144
ENGIE CC● Active	0442.100.363
ENGIE ENERGY MANAGEMENT● Active	0831.958.211
ENGIE ENERGY SERVICES INTERNATIONAL● Active	0403.108.145
ENGIE Global Business Support● Active	0505.619.626
Engie Impact Belgium● Active	0724.730.649
ENGIE MANAGEMENT COMPANY BELGIUM● Active	0825.952.921
ENGIE PILLAR 2 - BELGIQUE● Active	1014.115.204
GEMONYX● Active	0725.645.320

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full 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	23/06/2026	07/07/2025	25/06/2024	26/06/2023	21/06/2022	09/07/2021
General meeting	19/06/2026	20/06/2025	21/06/2024	16/06/2023	17/06/2022	18/06/2021
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

Looking for more information about this company?

Try for 7 days

Filings

Annual accounts filings

25 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	19/06/2026	23/06/2026	French	PDF
Full model	31/12/2025	19/06/2026	23/06/2026	Dutch	PDF
Full model	31/12/2024	20/06/2025	07/07/2025	French	PDF
Full model	31/12/2024	20/06/2025	07/07/2025	Dutch	PDF
Full model	31/12/2023	21/06/2024	25/06/2024	Dutch	PDF
Full model	31/12/2023	21/06/2024	25/06/2024	French	PDF
Full model	31/12/2022	16/06/2023	26/06/2023	French	PDF
Full model	31/12/2022	16/06/2023	26/06/2023	Dutch	PDF
Full model	31/12/2021	17/06/2022	21/06/2022	French	PDF
Full model	31/12/2021	17/06/2022	21/06/2022	Dutch	PDF
Full model	31/12/2020	18/06/2021	09/07/2021	French	PDF
Full model	31/12/2020	18/06/2021	09/07/2021	Dutch	PDF
Full model	31/12/2019	19/06/2020	10/07/2020	Dutch	PDF
Full model	31/12/2019	19/06/2020	10/07/2020	French	PDF
Full model	31/12/2018	21/06/2019	26/06/2019	Dutch	PDF
Full model	31/12/2018	21/06/2019	26/06/2019	French	PDF
Full model	31/12/2017	16/06/2018	26/06/2018	Dutch	PDF
Full model	31/12/2017	16/06/2018	26/06/2018	French	PDF
Full model	31/12/2016	16/06/2017	30/06/2017	Dutch	PDF
Full model	31/12/2016	16/06/2017	30/06/2017	French	PDF
Full model	31/12/2015	17/06/2016	07/07/2016	French	PDF
Full model	31/12/2015	17/06/2016	07/07/2016	Dutch	PDF
Full model	31/12/2014	19/06/2015	24/06/2015	French	PDF
Full model	31/12/2014	19/06/2015	24/06/2015	Dutch	PDF
Full model	31/12/2013	20/06/2014	27/06/2014	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 5 M€

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 · 5 active · 26 ended

Active mandates

Ann NAESSENS

Director · since 20 juin 2025 · until 20 juin 2028

Active

Lionel MATTHYSEN

Director · since 20 juin 2025 · until 20 juin 2028

Active

Maria SAS

Director · since 20 juin 2025 · until 20 juin 2028

Active

Julien LADRIÈRE

Director · since 21 juin 2024 · until 18 juin 2027

Active

Maria SAS

Chairman of the board of directors · since 21 juin 2024 · until 18 juin 2027

Active

Ended mandates

Lionel MATTHYSEN

Director · since 17 juin 2022 · until 20 juin 2025

Ended

Guy VAN RYSSEGHEM

Director · since 18 juin 2021 · until 21 juin 2024

Ended

Joris MEERSCHAERT

Director · since 18 juin 2021 · until 21 juin 2024

Ended

Ann NAESSENS

Director · since 21 juin 2019 · until 17 juin 2022

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates24/08/2026
DEMISSIONS, NOMINATIONS
PDF
Mandates24/08/2026
DEMISSIONS, NOMINATIONS
PDF
Mandates07/07/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates07/07/2025
DEMISSIONS, NOMINATIONS
PDF
Other05/08/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Other05/08/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates16/07/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates16/07/2024
DEMISSIONS, NOMINATIONS
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 2025179,9 k €↓
2024
Annual accounts 2024234,4 k €↓
2023
Annual accounts 2023350,4 k €↑
2022
Annual accounts 2022250,1 k €↑
2022
Name changeCOGREEN
2021
Annual accounts 2021204,9 k €↓
2020
Annual accounts 2020278,2 k €↑
2019
Annual accounts 2019240,1 k €↑
2018
Annual accounts 2018192,7 k €↑
2017
Annual accounts 2017151,3 k €↑
2016
Annual accounts 2016106,4 k €↑
2015
Annual accounts 201567,2 k €↑
2014
Annual accounts 201457,7 k €↑
2013
Annual accounts 2013-4,6 k €
02/04/2013
IncorporationCooperative society
2013
Name changeELECTRABEL COGREEN

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

CoGreen

Overview

What does CoGreen do?

Trend over 13 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