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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Tight liquidity NBB
Cash and receivables cover 61 % of short-term debt in 2024; threshold 65 %.
Financials
Financial year 2024
COSMEX from Tubize, company number BE0765522317, closed financial year 2024 with a result of € 5,386 after tax. For that financial year COSMEX recorded a gross margin of € 1.1 million and equity of € 403,524. Compared with financial year 2023, the result moved from € 24,771 to € 5,386. The company is profitable. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 29, 2025.
€ 403,524
▲ 1% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 5,386
▼ 78% vs 2023
Profit after tax over the fiscal year.
€ 316,718
▼ 39% vs 2023
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2024. Retained profit grew to € 303,524.
People and assets in 2024
12.7
▲ 2.8 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 798,009
▲ 30% vs 2023
€ 62,800 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 109,132
▼ 2% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
€ 986,824
▲ 4% vs 2023
€ 221,644 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 3.5 million
▲ 32% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 116,740
▲ 23% vs 2023
Taxes, VAT and social contributions still to pay.
| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 197,957 | € 627,364 | € 850,311 | € 1,068,886 | ▲ 26% |
| Profit after taxes | € 113,602 | € 159,765 | € 24,771 | € 5,386 | ▼ 78% |
| Equity | € 213,602 | € 373,367 | € 398,138 | € 403,524 | ▲ 1% |
| Total debts | € 959,815 | € 2,258,783 | € 3,750,014 | € 4,795,584 | ▲ 28% |
| Cash | € 65,888 | € 234,862 | € 517,384 | € 316,718 | ▼ 39% |
| Land & buildings | - | € 293,053 | € 285,788 | € 277,193 | ▼ 3% |
| Retained profit | € 113,602 | € 273,367 | € 298,138 | € 303,524 | ▲ 2% |
| Bank debt | € 300,000 | € 964,347 | € 948,998 | € 986,824 | ▲ 4% |
| Balance sheet total | € 1,173,417 | € 2,632,151 | € 4,148,152 | € 5,199,109 | ▲ 25% |
| Employees (FTE) | 1.7 | 4.4 | 9.9 | 12.7 | ▲ 2.8 |
Key figures of COSMEX, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to COSMEX?
What happened at COSMEX in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: profit of € 5,386 (▼ 78% vs 2023). filed late Source: NBB ↗
- New establishment in Tubize. KBO
- Cosmex international Group S. Etr. became a director. NBB
- New establishment in Linkebeek. KBO
- New establishment in Fléron. KBO
- New establishment in Brussel. KBO
- New establishment in Brussel. KBO
- Interconcept SRL became a director. NBB
In short
From € 113,602 profit in 2021 to € 5,386 profit in 2024.
Paid € 140,752 in corporate taxes since 2021.
Best year ever: 2022, with € 159,765 profit.
On average € 84,200 of value added per employee in 2024.
Management
The stake of INTERCONCEPT, MEDICAZU CONSULTING & CONCEPT comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
COSMEXBehind COSMEX are Interconcept SRL, Medicazu consulting & concept SRL and Cosmex international Group S. Etr.. The shares are held by INTERCONCEPT (51%) and MEDICAZU CONSULTING & CONCEPT (50%). It owns 100% of Ciguphar itself.
Directors
According to the 2024 annual accounts
Director · represented by Jean-Baptiste Van Hamme
Also active at: BENCH SYSTEM, IC PHARMA DISTRIBUTION, IC PHARMA, Bio Wink
since 2021
Medicazu consulting & concept SRL
Director · represented by Sebastiaan Favoreel
Also active at: CiGuPhar
since 2021
Cosmex international Group S. Etr.
Director · represented by Tangie Le Gall
since 2023
Shareholders
Participations
100%
Establishments
Establishment units
Physical locations of this company
Rue François Englert 10
1480 Tubize
Drukpersstraat 4
1000 Brussel
Active since 23 March 2021
Middelweg 90
1130 Brussel
Active since 23 March 2021
Rue Emile Vandervelde 116
4624 Fléron
Active since 1 August 2021
Alsembergsesteenweg 147
1630 Linkebeek
Active since 1 January 2022
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 4 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0765.522.317
- VAT number
- BE 0765.522.317
- Registered office
- Rue François Englert 10, 1480 Tubize
- Names & denominations
- COSMEX
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 23 March 2021
- Peppol
- Active · Active since 6 Nov 2025
- Activities · NACE
Detailhandel in farmaceutische producten
Groothandel in farmaceutische en medische artikelen