Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 47 % of short-term debt in 2024; threshold 65 %.
Financials
Financial year 2024
COSAPACK from Hooglede, company number BE0834604034, closed financial year 2024 with a result of € -201,525 after tax. For that financial year COSAPACK recorded a gross margin of € 1.3 million and equity of € 1.6 million. Compared with financial year 2023, the result moved from € 223,110 to € -201,525. 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 June 16, 2025.
€ 1.6 million
▲ 72% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -201,525
▼ still € 223,110 profit in 2023
Profit after tax over the fiscal year.
€ 11,763
▼ 87% vs 2023
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 407,344.
People and assets in 2024
13
▲ 3.9 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 903,328
▲ 37% vs 2023
€ 69,500 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.
€ 6.6 million
▲ 133% vs 2023
Of which on lease € 6.6 million.
Debts at end 2024
€ 6.4 million
▲ 231% vs 2023
€ 835,384 is repaid this year. At this pace the long-term loan is gone in ≈ 6 years.
€ 639,044
▲ 23% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 155,680
▲ 4% vs 2023
Taxes, VAT and social contributions still to pay.
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| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 708,703 | € 536,989 | € 1,219,440 | € 1,296,053 | ▲ 6% |
| Profit after taxes | € 232,898 | € 55,765 | € 223,110 | € -201,525 | ▼ € 424,635 |
| Equity | € 629,994 | € 685,759 | € 908,869 | € 1,558,858 | ▲ 72% |
| Total debts | € 779,381 | € 1,649,485 | € 3,573,308 | € 8,233,347 | ▲ 130% |
| Cash | € 62,320 | € 5,100 | € 92,643 | € 11,763 | ▼ 87% |
| Retained profit | € 329,994 | € 385,759 | € 608,869 | € 407,344 | ▼ 33% |
| Bank debt | € 138,527 | € 856,545 | € 1,936,116 | € 6,399,623 | ▲ 231% |
| Balance sheet total | € 1,484,375 | € 2,410,244 | € 4,554,126 | € 9,861,102 | ▲ 117% |
| Employees (FTE) | 6.1 | 6.2 | 9.1 | 13 | ▲ 3.9 |
Key figures of COSAPACK, 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 COSAPACK?
What happened at COSAPACK in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Argolis stepped down as director. NBB
- New annual accounts for financial year 2024: loss of € 201,525 (▼ € 424,635 vs 2023). Source: NBB ↗
- Argolis became a director. NBB
- Martine Vereenooghe became a director. NBB
- New establishment in Hooglede. KBO
- New establishment in Hooglede. KBO
- Start of the company according to the CBE. KBO
In short
From € 232,898 profit in 2021 to € 201,525 loss in 2024.
Paid € 110,427 in corporate taxes since 2021.
Best year ever: 2021, with € 232,898 profit.
On average € 99,700 of value added per employee in 2024.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The stake of ARGOLIS comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
COSAPACKBehind COSAPACK is Martine Vereenooghe. The shares are held by ARGOLIS (99.7%).
Directors
According to the 2024 annual accounts
Shareholders
99.7%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Grijspeerdstraat 71
8830 Hooglede
Grote Noordstraat 77
8830 Hooglede
Active since 14 March 2011
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.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
COMBELL-AS, BE
Domain
Domain
cosapack.com
Registered
2010-08-12
Registrar
Ascio Technologies, Inc
Expires
2026-08-12
Website info
Features
Security
Details
- Company number
- 0834.604.034
- VAT number
- BE 0834.604.034
- Registered office
- Grijspeerdstraat 71, 8830 Hooglede
- Names & denominations
- COSAPACK
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 14 March 2011
- Peppol
- Active · Active since 16 Sept 2025
- Contact
- cosapack.com
- Activities · NACE
Overige activiteiten op het gebied van drukwerk