ACTIVE

COSY

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Financial year 2025 · closed on 31/12/2025
Net result
-1,4 M €
-61.8% YoY
Gross margin
-188,6 k €
+25.6% YoY
Equity
13,5 M €
+19.8% YoY
Workforce
7,4 ETP
-2.6% YoY

What does COSY do?

COSY is a Private limited company incorporated in 2021. Its main activity is: Rental and operating of own or leased real estate. Its registered office is in Gent. It employs on average 7,4 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0773.923.606
Incorporation
15/09/2021
Legal form
Private limited company
Registered office
Veldstraat 88 box A202
9000 Gent · FlandreSee on map
Contributed capital
16 645 830,77 €
Latest accounts
31/12/2025
Average workforce
7,4 ETP
Activities (NACE)
68201Rental and operating of own or leased real estate· main68201Rental and operating of own or leased real estate41101Development of building projects47530Retail sale of carpets, rugs, wall and floor coverings in specialised stores47530Retail sale of carpets, rugs, wall and floor coverings in specialised stores47551Retail sale of other household equipment in specialised stores+8
Joint committees (1)
  • 323
Signals
Solid equityGood liquidityHealthy social debts
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 4 financial years

2025202420232022
Income statement
Gross margin-188,6 k €-253,4 k €80,9 k €-3,9 k €
EBITDA-673,1 k €-581,9 k €77,9 k €-5,8 k €
Operating result-1,1 M €-885,2 k €-58 k €-46,4 k €
Net result-1,4 M €-895 k €-119,1 k €-69,7 k €
Balance sheet
Equity13,5 M €11,3 M €286,2 k €405,3 k €
Total assets26,6 M €13,9 M €2,9 M €2 M €
Cash3,2 M €2,9 M €75,6 k €10,7 k €
Debts13 M €2,6 M €2,6 M €1,6 M €
Other
Workforce7,4 ETP7,6 ETP––
Estimate

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 7 active · 6 ended

Active mandates

Nicolas Bearelle

Director · since 05 novembre 2025

Active
Arma Consult

Director · since 19 avril 2024 · 0778.537.242

Represented by Claude Lampole

Active
ASSETS INVEST

Director · since 19 avril 2024 · 0479.232.755

Represented by Alex DE WITTE

Active
KAREL V

Director · since 19 avril 2024 · 0747.660.855

Represented by Karel Versyp

Active
MOROXCO

Director · since 19 avril 2024 · 0719.795.230

Represented by Van Quickenborne Cédric

Active
Sentiero Management

Director · since 19 avril 2024 · 0459.120.794

Represented by Callens Joost

Active
Simon Balcaen

Director · since 19 avril 2024

Active

Ended mandates

KAREL V

Persoon belast met dagelijks bestuur · since 19 avril 2024 · 0747.660.855

Represented by Karel VERSYP

Ended
MOROXCO

Director · since 19 avril 2024 · 0719.795.230

Represented by Cédric VAN QUICKENBORNE

Ended
Vercarre Ventures

Persoon belast met dagelijks bestuur · since 19 avril 2024 · 0798.779.063

Represented by Christophe VERCARRE

Ended
CHRISTOPHE VERCARRE

Director

Ended
At this address

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Annual accounts

Full financial information

2025202420232022
Type of accountAbridged modelAbridged modelMicro modelMicro model
Start of the financial year01/01/202501/01/202401/01/202315/09/2021
Closing of the financial year31/12/202531/12/202431/12/202331/12/2022
Length of the financial year12 months12 months12 months16 months
Filing date14/07/202604/07/202503/07/202411/07/2023
General meeting18/06/202620/06/202521/06/202416/06/2023
Currency of the financial yearEUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

4 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202518/06/202614/07/2026DutchPDF
Abridged model31/12/202420/06/202504/07/2025DutchPDF
Micro model31/12/202321/06/202403/07/2024DutchPDF
Micro model31/12/202216/06/202311/07/2023DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 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 · 7 active · 6 ended

Active mandates

Nicolas Bearelle

Director · since 05 novembre 2025

Active
Arma Consult

Director · since 19 avril 2024 · 0778.537.242

Represented by Claude Lampole

Active
ASSETS INVEST

Director · since 19 avril 2024 · 0479.232.755

Represented by Alex DE WITTE

Active
KAREL V

Director · since 19 avril 2024 · 0747.660.855

Represented by Karel Versyp

Active
MOROXCO

Director · since 19 avril 2024 · 0719.795.230

Represented by Van Quickenborne Cédric

Active
Sentiero Management

Director · since 19 avril 2024 · 0459.120.794

Represented by Callens Joost

Active
Simon Balcaen

Director · since 19 avril 2024

Active

Ended mandates

KAREL V

Persoon belast met dagelijks bestuur · since 19 avril 2024 · 0747.660.855

Represented by Karel VERSYP

Ended
MOROXCO

Director · since 19 avril 2024 · 0719.795.230

Represented by Cédric VAN QUICKENBORNE

Ended
Vercarre Ventures

Persoon belast met dagelijks bestuur · since 19 avril 2024 · 0798.779.063

Represented by Christophe VERCARRE

Ended
CHRISTOPHE VERCARRE

Director

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Other18/11/2025
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Mandates30/10/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office25/06/2025
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Capital / shares31/07/2024
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - KAPITAAL - AANDELEN
    PDF
  • Mandates28/05/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Restructuring21/05/2024
    BENAMING - DOEL - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Restructuring06/03/2024
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Other17/09/2021
    RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
    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

Timeline

  1. 2025
    Annual accounts 2025-1,4 M €↓
  2. 2024
    Annual accounts 2024-895 k €↓
  3. 2024
    Name changeCosy
  4. 2023
    Annual accounts 2023-119,1 k €↓
  5. 2022
    Annual accounts 2022-69,7 k €
  6. 2022
    Name changeCOLOC REAL ESTATE
  7. 15/09/2021
    IncorporationPrivate limited company