Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Legal situation KBO
Opening faillissement according to the CBE.
Financials
Financial year 2023
COJAREC from Waregem, company number BE0849816208, closed financial year 2023 with a result of € -74,591 after tax. For that financial year COJAREC recorded a gross margin of € 739,071 and equity of € 338,619. Compared with financial year 2022, the result moved from € 285,066 to € -74,591. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 31, 2024.
€ 338,619
▼ 47% vs 2022
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -74,591
▼ still € 285,066 profit in 2022
Profit after tax over the fiscal year.
€ 254,406
▲ 6% vs 2022
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 320,019.
People and assets in 2023
12.6
▲ 1 vs 2022
Average over the fiscal year, from the social balance sheet.
€ 642,024
▲ 26% vs 2022
€ 51,000 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.
€ 319,040
▲ € 249,091 vs 2022
Of which on lease € 318,052.
Debts at end 2023
€ 681,036
▲ € 611,633 vs 2022
€ 56,901 is repaid this year. At this pace the long-term loan is gone in ≈ 12 years.
€ 273,350
▼ 9% vs 2022
Supplier invoices still open on the last day of the fiscal year.
€ 69,084
▲ 9% vs 2022
Taxes, VAT and social contributions still to pay.
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| 2021 | 2022 | 2023 | Change 2022 → 2023 | |
|---|---|---|---|---|
| Gross margin | € 866,008 | € 986,171 | € 739,071 | ▼ 25% |
| Profit after taxes | € 184,298 | € 285,066 | € -74,591 | ▼ € 359,658 |
| Equity | € 548,144 | € 633,210 | € 338,619 | ▼ 47% |
| Total debts | € 301,955 | € 493,995 | € 1,211,099 | ▲ 145% |
| Cash | € 116,579 | € 239,008 | € 254,406 | ▲ 6% |
| Land & buildings | - | - | € 84,741 | |
| Retained profit | € 529,544 | € 614,610 | € 320,019 | ▼ 48% |
| Dividend | € 0 | € 200,000 | € 220,000 | ▲ 10% |
| Bank debt | € 113,380 | € 69,403 | € 681,036 | ▲ € 611,633 |
| Balance sheet total | € 870,812 | € 1,151,063 | € 1,568,299 | ▲ 36% |
| Employees (FTE) | 11.6 | 11.6 | 12.6 | ▲ 1 |
Key figures of COJAREC, fiscal years 2021 to 2023, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2024 has not been filed yet; it was expected before 31 July 2025.
What happened to COJAREC?
What happened at COJAREC in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
COJAREC is active according to the CBE. Legal situation: Opening faillissement.
- New annual accounts for financial year 2023: loss of € 74,591 (▼ € 359,658 vs 2022). Source: NBB ↗
- Marie Friberg stepped down as director. NBB
- Michiel Kenis stepped down as director. NBB
- Philippe Lenssen became a director. NBB
- Marie Friberg became a director. NBB
- New establishment in Waregem. KBO
- Michiel Kenis became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 184,298 profit in 2021 to € 74,591 loss in 2023.
Paid € 137,605 in corporate taxes since 2021.
Best year ever: 2022, with € 285,066 profit.
On average € 58,700 of value added per employee in 2023.
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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 COJAREC HOLDINGS comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
COJARECBehind COJAREC is Philippe Lenssen. The shares are held by COJAREC HOLDINGS (100%).
Directors
According to the 2023 annual accounts
Philippe Lenssen
Director
since 2022
since 2022 · until 2024
Michiel Kenis
Director
since 2012 · until 2024
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Emiel Clausstraat 91
8793 Waregem
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0849.816.208
- VAT number
- BE 0849.816.208
- Registered office
- Emiel Clausstraat 91, 8793 Waregem
- Names & denominations
- COJAREC
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Opening faillissement
- Start date
- 5 October 2012
- Peppol
- Not registered
- Activities · NACE
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