COSY is a property company in Gent. Private Limited, started on 15 September 2021, 1 establishment.

What is the address of COSY?

The registered office of COSY is located at Veldstraat 88 box A202, 9000 Gent.

Is COSY still active?

Yes. According to the CBE (29 October 2026) COSY is active, legal situation “Normale toestand”, started on 15 September 2021.

Is COSY registered on Peppol?

Yes, COSY is registered on the Peppol network with ID 0208:0773923606.

What is the enterprise number of COSY?

The enterprise number of COSY is BE0773923606.

When was COSY founded?

COSY was founded on 15 September 2021.

Is COSY a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 15 September 2021; 4 annual accounts filed, latest fiscal year 2025; 7 directors known from the annual account.

How much profit did COSY make in 2025?

COSY recorded a loss after taxes of € 1,448,314 in financial year 2025.

What is the revenue of COSY?

As a small company, COSY is not required to publish revenue in its annual accounts. In financial year 2025, its added value was € -188,568.

How much does an employee at COSY earn?

The average wage cost per full-time employee at COSY was € 64,800 in 2025: staff costs of € 479,689 for 7.4 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does COSY have?

According to the 2025 annual accounts, COSY has 7.4 full-time equivalents (FTE).

COSY (Private Limited) - Gent - BE0773923606

Q: Who are the directors of COSY?

According to the 2025 annual accounts, the directors of COSY are: Moroxco BV, Nicolas Bearelle, Karel V BV, Assets Invest BV, Simon Balcaen, Arma Consult BV, Sentiero Management BV.

Dossier COSY, printed on 29 October 2026 from databakkes.be/en/0773923606/cosy. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Warning lights

Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.

Two loss years in a row NBB

Negative result in 2024 and 2025.

Financials

Financial year 2025

COSY from Gent, company number BE0773923606, closed financial year 2025 with a result of € -1.4 million after tax. For that financial year COSY recorded a gross margin of € -188,568 and equity of € 13.5 million. Compared with financial year 2024, the result moved from € -894,960 to € -1.4 million. The company made a loss. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 14, 2026.

What it is worth Growing

€ 13.5 million

▲ 20% vs 2024

Assets minus debts, by the books. What is left if everything were sold and paid today.

Loss Caution

€ -1.4 million

▼ 62 % more loss than in 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 3.2 million

▲ 9% vs 2024

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Caution

Loss, nothing to pay out

Reserves fell to € -3.1 million.

People and assets in 2025

Full-time equivalents

7.4

▼ 0.2 vs 2024

Average over the fiscal year, from the social balance sheet.

Wage cost

€ 479,689

▲ 52% vs 2024

€ 64,800 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.

Vehicles and equipment

€ 130,210

▲ 72% vs 2024

Book value of vehicles, furniture and equipment.

Debts at end 2025

Bank debt ≈ 89 years to go The accounts give the long-term loan and the part due within the year. The remainder divided by that part is the number of years at an equal pace; a new loan or early repayment changes it.

€ 10.7 million

▲ € 8.5 million vs 2024

€ 121,221 is repaid this year. At this pace the long-term loan is gone in ≈ 89 years.

Owed to suppliers

€ 178,091

▼ 39% vs 2024

Supplier invoices still open on the last day of the fiscal year.

Taxes and wages

€ 77,981

▲ 14% vs 2024

Taxes, VAT and social contributions still to pay.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Gross margin	€ -3,918 Gross margin 2022: € -3,918 First fiscal year in the series	€ 80,850 Gross margin 2023: € 80,850 ▲ € 84,768 vs 2022 (€ -3,918) Favourable step	€ -253,354 Gross margin 2024: € -253,354 ▼ € 334,204 vs 2023 (€ 80,850) Unfavourable step	€ -188,568 Gross margin 2025: € -188,568 ▲ € 64,786 vs 2024 (€ -253,354) Favourable step	▲ € 64,786
Profit after taxes	€ -69,724 Profit after taxes 2022: € -69,724 First fiscal year in the series	€ -119,069 Profit after taxes 2023: € -119,069 ▼ € 49,345 vs 2022 (€ -69,724) Unfavourable step	€ -894,960 Profit after taxes 2024: € -894,960 ▼ € 775,891 vs 2023 (€ -119,069) Unfavourable step	€ -1,448,314 Profit after taxes 2025: € -1,448,314 ▼ € 553,354 vs 2024 (€ -894,960) Unfavourable step	▼ € 553,354
Equity	€ 405,276 Equity 2022: € 405,276 First fiscal year in the series	€ 286,207 Equity 2023: € 286,207 ▼ 29% vs 2022 (€ 405,276) Unfavourable step	€ 11,301,576 Equity 2024: € 11,301,576 ▲ € 11 million vs 2023 (€ 286,207) Favourable step	€ 13,539,648 Equity 2025: € 13,539,648 ▲ 20% vs 2024 (€ 11,301,576) Favourable step	▲ 20%
Total debts	€ 1,576,058 Total debts 2022: € 1,576,058 First fiscal year in the series	€ 2,643,012 Total debts 2023: € 2,643,012 ▲ 68% vs 2022 (€ 1,576,058) Unfavourable step	€ 2,641,496 Total debts 2024: € 2,641,496 Unchanged (€ 2,643,012) Favourable step	€ 13,047,787 Total debts 2025: € 13,047,787 ▲ € 10.4 million vs 2024 (€ 2,641,496) Unfavourable step	▲ € 10.4 million
Cash	€ 10,731 Cash 2022: € 10,731 First fiscal year in the series	€ 75,568 Cash 2023: € 75,568 ▲ € 64,837 vs 2022 (€ 10,731) Favourable step	€ 2,935,972 Cash 2024: € 2,935,972 ▲ € 2.9 million vs 2023 (€ 75,568) Favourable step	€ 3,199,492 Cash 2025: € 3,199,492 ▲ 9% vs 2024 (€ 2,935,972) Favourable step	▲ 9%
Land & buildings	€ 1,954,659 Land & buildings 2022: € 1,954,659 First fiscal year in the series	€ 2,824,766 Land & buildings 2023: € 2,824,766 ▲ 45% vs 2022 (€ 1,954,659) Unchanged	€ 6,604,993 Land & buildings 2024: € 6,604,993 ▲ 134% vs 2023 (€ 2,824,766) Unchanged	€ 18,169,167 Land & buildings 2025: € 18,169,167 ▲ 175% vs 2024 (€ 6,604,993) Unchanged	▲ 175%
Retained profit	€ -69,724 Retained profit 2022: € -69,724 First fiscal year in the series	€ -188,793 Retained profit 2023: € -188,793 ▼ € 119,069 vs 2022 (€ -69,724) Unfavourable step	€ -1,657,868 Retained profit 2024: € -1,657,868 ▼ € 1.5 million vs 2023 (€ -188,793) Unfavourable step	€ -3,106,182 Retained profit 2025: € -3,106,182 ▼ € 1.4 million vs 2024 (€ -1,657,868) Unfavourable step	▼ € 1.4 million
Bank debt	€ 1,564,271 Bank debt 2022: € 1,564,271 First fiscal year in the series	€ 2,593,418 Bank debt 2023: € 2,593,418 ▲ 66% vs 2022 (€ 1,564,271) Unfavourable step	€ 2,227,833 Bank debt 2024: € 2,227,833 ▼ 14% vs 2023 (€ 2,593,418) Favourable step	€ 10,730,451 Bank debt 2025: € 10,730,451 ▲ € 8.5 million vs 2024 (€ 2,227,833) Unfavourable step	▲ € 8.5 million
Balance sheet total	€ 1,981,334 Balance sheet total 2022: € 1,981,334 First fiscal year in the series	€ 2,929,220 Balance sheet total 2023: € 2,929,220 ▲ 48% vs 2022 (€ 1,981,334) Unchanged	€ 13,943,072 Balance sheet total 2024: € 13,943,072 ▲ € 11 million vs 2023 (€ 2,929,220) Unchanged	€ 26,587,435 Balance sheet total 2025: € 26,587,435 ▲ 91% vs 2024 (€ 13,943,072) Unchanged	▲ 91%
Employees (FTE)	-	-	7.6 Employees (FTE) 2024: 7.6 First fiscal year in the series	7.4 Employees (FTE) 2025: 7.4 ▼ 0.2 vs 2024 (7.6) Unchanged	▼ 0.2

Key figures of COSY, 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 COSY?

What happened at COSY in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

Jul 14, 2026 New annual accounts for financial year 2025: loss of € 1.4 million. Source: NBB ↗
2025 Nicolas Bearelle became a director. NBB
Apr 19, 2024 New establishment in Gent. KBO
2024 Moroxco BV became a director. NBB
2024 Karel V BV became a director. NBB
2024 Assets Invest BV became a director. NBB
2024 Simon Balcaen became a director. NBB
2024 Arma Consult BV became a director. NBB

In short

From € 69,724 loss in 2022 to € 1.4 million loss in 2025.

Paid € 1,499 in corporate taxes since 2022.

Original PDFs at the National Bank ↗

Management

Baltisse Real Estate 26.6%

ECHLIN INVEST 10%

KAREL V 2.3%

The stake of Baltisse Real Estate, ECHLIN INVEST, KAREL V comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.

COSY

Behind COSY are Moroxco BV, Nicolas Bearelle, Karel V BV, Assets Invest BV, Simon Balcaen and Arma Consult BV. The shares are held by Baltisse Real Estate (26.6%), ECHLIN INVEST (10%) and KAREL V (2.3%).