OPENING OF BANKRUPTCY

COJAREC

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Financial year 2023 · closed on 31/12/2023

Net result

-74,6 k €

-126.2% YoY

Gross margin

739,1 k €

-25.1% YoY

Equity

338,6 k €

-46.5% YoY

Workforce

12,6 ETP

+8.6% YoY

Company — Opening of bankruptcy.

What does COJAREC do?

COJAREC is a Private company with limited liability incorporated in 2012. Its main activity is: Treatment and disposal of non-hazardous waste. Its registered office is in Waregem. It employs on average 12,6 ETP workers (FTE).

Legal situation

● Opening of bankruptcy

BCE/KBO no. / VAT

BE 0849.816.208

Incorporation

05/10/2012

Legal form

Private company with limited liability

Registered office

Emiel Clausstraat 91
8793 Waregem · FlandreSee on map

Contributed capital

18 600,00 €

Latest accounts

31/12/2023

Average workforce

12,6 ETP

Activities (NACE)

38210Treatment and disposal of non-hazardous waste· main 38329Recovery of sorted materials

Joint committees (5)

124
142
14204
200
218

Signals

Good liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 11 financial years

	2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013
Income statement
Gross margin	739,1 k €	-25.1%	986,2 k €	+13.9%	866 k €	+21.6%	712 k €	+29.6%	549,2 k €	+25.8%	436,6 k €	+29.2%	337,8 k €	-38.6%	549,7 k €	+654%	73 k €	-58.6%	176,1 k €	+63.0%	108 k €
EBITDA	40,7 k €	-91.4%	470,5 k €	+28.8%	365,4 k €	+4.5%	349,8 k €	+142%	144,7 k €	+5.7%	136,9 k €	+17.2%	116,8 k €	-66.9%	352,3 k €	+1293%	-29,5 k €	-120%	149,8 k €	+185%	52,5 k €
Operating result	-63 k €	-117%	364,8 k €	+47.0%	248,1 k €	+6.3%	233,5 k €	+679%	30 k €	-38.9%	49 k €	+44.8%	33,8 k €	-87.8%	276,4 k €	+403%	-91,3 k €	-201%	90,8 k €	+708%	11,2 k €
Net result	-74,6 k €	-126%	285,1 k €	+54.7%	184,3 k €	+4.4%	176,5 k €	+1959%	8,6 k €	-78.0%	38,9 k €	+95.8%	19,9 k €	-90.3%	205,9 k €	+293%	-106,9 k €	-306%	51,8 k €	+3728%	-1,4 k €
Balance sheet
Equity	338,6 k €	-46.5%	633,2 k €	+15.5%	548,1 k €	+50.7%	363,8 k €	+94.2%	187,3 k €	+4.8%	178,7 k €	+27.8%	139,8 k €	+16.6%	119,9 k €	+240%	-85,9 k €	-509%	21 k €	+22.4%	17,2 k €
Total assets	1,6 M €	+36.2%	1,2 M €	+32.2%	870,8 k €	+15.0%	757,4 k €	+2.1%	741,8 k €	+2.9%	721 k €	+29.2%	558,2 k €	-8.6%	610,4 k €	-0.6%	614 k €	+17.7%	521,8 k €	+19.2%	437,9 k €
Cash	254,4 k €	+6.4%	239 k €	+105%	116,6 k €	+66.2%	70,1 k €	+56.8%	44,7 k €	-16.4%	53,5 k €	+386%	11 k €	-64.8%	31,3 k €	+13.0%	27,7 k €	+85.5%	14,9 k €		–
Debts	1,2 M €	+150%	483,7 k €	+71.1%	282,7 k €	-15.5%	334,4 k €	-35.3%	517,2 k €	+1.2%	511,1 k €	+35.4%	377,4 k €	-14.5%	441,5 k €	-35.8%	687,9 k €	+38.6%	496,2 k €	+18.8%	417,8 k €
Other
Workforce	12,6 ETP	+8.6%	11,6 ETP	0.0%	11,6 ETP	+3.6%	11,2 ETP	+2.8%	10,9 ETP		–		7,4 ETP	+29.8%	5,7 ETP	+62.9%	3,5 ETP	+400%	0,7 ETP	+133%	0,3 ETP

Governance

Board of directors

Seen on filing of 31/12/2023 · 3 active · 22 ended

Active mandates

Marie Friberg

Director · since 23 juin 2022 · until 03 juillet 2024

Active

Philippe Lenssen

Director · since 23 juin 2022

Active

Michiel Kenis

Director · since 05 octobre 2012 · until 07 juin 2024

Active

Ended mandates

Marie Friberg

Director · since 23 juin 2022

Ended

Johan Kenis

Director · since 05 mai 2015 · until 30 juin 2021

Ended

Johan Kenis

Director · since 05 mai 2015

Ended

Johan KENIS

Manager · since 05 mai 2015

Ended

Annual accounts

Full financial information

	2023	2022	2021	2020	2019	2018
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Micro model
Start of the financial year	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019	01/01/2018
Closing of the financial year	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019	31/12/2018
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	31/07/2024	31/08/2023	30/05/2022	22/07/2021	11/06/2020	04/07/2019
General meeting	18/07/2024	28/08/2023	12/05/2022	28/06/2021	08/06/2020	28/06/2019
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

12 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2023	18/07/2024	31/07/2024	Dutch	PDF
Abridged model	31/12/2022	28/08/2023	31/08/2023	Dutch	PDF
Abridged model	31/12/2021	12/05/2022	30/05/2022	Dutch	PDF
Abridged model	31/12/2020	28/06/2021	22/07/2021	Dutch	PDF
Abridged model	31/12/2019	08/06/2020	11/06/2020	Dutch	PDF
Micro model	31/12/2018	28/06/2019	04/07/2019	Dutch	PDF
Abridged model	31/12/2017	11/06/2018	07/08/2018	Dutch	PDF
Abridged model	31/12/2016	30/06/2017	19/08/2017	Dutch	PDF
Abridged model	31/12/2015	13/06/2016	29/08/2016	Dutch	PDF
Abridged modelCorrection	31/12/2014	10/09/2015	14/09/2015	Dutch	PDF
Abridged model	31/12/2014	08/06/2015	31/08/2015	Dutch	PDF
Abridged model	31/12/2013	09/06/2014	27/08/2014	Dutch	PDF

Estimate

Indicative valuation

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 31/12/2023 · 3 active · 22 ended

Active mandates

Marie Friberg

Director · since 23 juin 2022 · until 03 juillet 2024

Active

Philippe Lenssen

Director · since 23 juin 2022

Active

Michiel Kenis

Director · since 05 octobre 2012 · until 07 juin 2024

Active

Ended mandates

Marie Friberg

Director · since 23 juin 2022

Ended

Johan Kenis

Director · since 05 mai 2015 · until 30 juin 2021

Ended

Johan Kenis

Director · since 05 mai 2015

Ended

Johan KENIS

Manager · since 05 mai 2015

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates13/09/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates08/07/2024
ONTSLAGEN - BENOEMINGEN - WIJZIGING RECHTSVORM
PDF
Registered office20/11/2023
MAATSCHAPPELIJKE ZETEL
PDF
Mandates02/08/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates02/08/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates24/09/2015
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates07/05/2015
ONTSLAGEN - BENOEMINGEN
PDF
Registered office26/07/2013
MAATSCHAPPELIJKE ZETEL
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

2023
Annual accounts 2023-74,6 k €↓
2022
Annual accounts 2022285,1 k €↑
2021
Annual accounts 2021184,3 k €↑
2020
Annual accounts 2020176,5 k €↑
2019
Annual accounts 20198,6 k €↓
2018
Annual accounts 201838,9 k €↑
2017
Annual accounts 201719,9 k €↓
2016
Annual accounts 2016205,9 k €↑
2015
Annual accounts 2015-106,9 k €↓
2014
Annual accounts 201451,8 k €↑
2013
Annual accounts 2013-1,4 k €
05/10/2012
IncorporationPrivate company with limited liability

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

COJAREC

Overview

What does COJAREC do?

Trend over 11 financial years

Board of directors

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