Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 11 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
79 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
IMMOBILIERE COGIMES from Ieper, company number BE0444843186, closed financial year 2025 with a result of € -2.5 million after tax. For that financial year IMMOBILIERE COGIMES recorded a gross margin of € 1 million and equity of € 24.6 million. Compared with financial year 2024, the result moved from € -1.3 million to € -2.5 million. The company made a loss. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on September 2, 2026.
€ 24.6 million
▲ 10% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -2.5 million
▼ 94 % more loss than in 2024
Profit after tax over the fiscal year.
€ 8,991
▼ 99% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -3.5 million.
Debts at end 2025
€ 27.2 million
Loans from banks and other lenders, long and short.
€ 1.2 million
▲ 90% vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -136,198 | € -206,598 | € -964,893 | € 1,032,901 | ▲ € 2 million |
| Profit after taxes | € -137,761 | € -202,700 | € -1,277,601 | € -2,480,952 | ▼ € 1.2 million |
| Equity | € 2,128,658 | € 1,925,958 | € 22,369,346 | € 24,552,800 | ▲ 10% |
| Total debts | € 25,205,255 | € 41,198,100 | € 27,932,414 | € 84,348,705 | ▲ 202% |
| Cash | € 5,395 | € 6,189 | € 925,343 | € 8,991 | ▼ 99% |
| Land & buildings | € 2,570,699 | € 2,570,699 | € 3,128,824 | € 52,380,928 | ▲ € 49.3 million |
| Retained profit | € 470,209 | € 267,508 | € -1,010,093 | € -3,491,045 | ▼ € 2.5 million |
| Bank debt | € 0 | € 26,819,237 | € 27,192,480 | € 27,192,480 | |
| Balance sheet total | € 27,824,263 | € 43,614,408 | € 50,792,109 | € 109,370,940 | ▲ 115% |
Key figures of IMMOBILIERE COGIMES, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to IMMOBILIERE COGIMES?
What happened at IMMOBILIERE COGIMES in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Ghemic BV stepped down as director. NBB
- Patronale Life NV stepped down as director. NBB
- ABC Group NV stepped down as director. NBB
- Paul GHEYSENS stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 2.5 million. filed late Source: NBB ↗
- Philip James Edward Botes stepped down as director. NBB
- Ghemic BV became a director. NBB
- Patronale Life NV became a director. NBB
In short
From € 137,761 loss in 2022 to € 2.5 million loss in 2025.
Management
The stake of GHELAMCO INVEST, PATRONALE REAL ESTATE comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
IMMOBILIERE COGIMESThe shares are held by GHELAMCO INVEST (50%) and PATRONALE REAL ESTATE (50%).
Directors
According to the 2025 annual accounts
Director · represented by Filip Moeykens
Owns 50% via PATRONALE REAL ESTATE
Also active at: MANUGENIE, HYPOSTART, INDOMI, KREDIET VOOR SOCIALE WONINGEN, SOCODIX, GEWESTELIJKE MAATSCHAPPIJ VOOR HUISVESTINGSKREDIET - SOCIETE REGIONALE DE CREDIT AU LOGEMENT, Demer en Dijle, De Vrijdomskaai +48 more
since 2026 · until 2031
Director · represented by Werner Van Wallle
Also active at: MANUGENIE, HYPOSTART, INDOMI, SOCODIX, GEWESTELIJKE MAATSCHAPPIJ VOOR HUISVESTINGSKREDIET - SOCIETE REGIONALE DE CREDIT AU LOGEMENT, Demer en Dijle, De Vrijdomskaai, SOGIMES +8 more
since 2026 · until 2031
Director · represented by Michael Gheysens
Also active at: R.H.R. - INDUSTRIES, GARAGE S.O.S., GHELAMCO INVEST, SOGIMES, IMMOBILIERE NORTH SEA PROPERTIES, THE WHITE HOUSE ZOUTE, STEELCON, BELGIAN TRADING COMPANY +44 more
since 2026 · until 2032
Paul GHEYSENS
Director
Also active at: DOCK-SITE, R.H.R. - INDUSTRIES, GHELAMCO, GHELAMCO INVEST, SOGIMES, IMMOBILIERE NORTH SEA PROPERTIES, YPFINANCE, THE WHITE HOUSE ZOUTE +74 more
since 2026 · until 2031
Shareholders
50%
PATRONALE REAL ESTATE · holding of Patronale Life NV
50%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Zwaanhofweg 10
8900 Ieper
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 79 companies are registered at this address.
All companies at this address →R.H.R. - INDUSTRIES same network
€ 233,316 gross margin · 2025
GARAGE S.O.S. same network
€ -8,977 gross margin · 2025
GHELAMCO same network
€ 549,961 revenue · 2024
GHELAMCO INVEST same network
€ 38.6 million revenue · 2025
SOGIMES same network
€ 4.7 million gross margin · 2025
+74 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0444.843.186
- VAT number
- BE 0444.843.186
- Registered office
- Zwaanhofweg 10, 8900 Ieper
- Names & denominations
- IMMOBILIERE COGIMES
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 8 August 1991
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
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