COGANG
ActiveCOGANG has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €6.46M and a net result of €1.37M. Equity is growing by ~40.1% per year across the filed fiscal years. Its solvency ranks better than 81% of 8636 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
80
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability55▼-39
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500k at 30 days acceptable
Liquidity ample (current ratio 5.03 against 27.68 in 2024; short-term debt: 12.9% and cash: 8.3% of total assets), and 14.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
85.6%
Return on assets
18.2%
Age of the figures
18 mo
neutral · Filed after the deadline
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 28-11-2025, 28 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
28 d late
2024
28 d late
2023
42 d late
2022
16 d late
2021
4 d late
2020
26 d late
2019
25 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close19-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€6.46M▲ 27.0%
2024 · €5.09M
2019: €942k
2020: €1.27M
2021: €1.32M
2022: €2.23M
2023: €3.73M
2024: €5.09M
2019 → 2025
Total assets
€7.55M▲ 14.0%
2024 · €6.62M
2019: €1.06M
2020: €1.42M
2021: €1.41M
2022: €5.27M
2023: €4.85M
2024: €6.62M
2019 → 2025
Net result
€1.37M▲ 0.7%
2024 · €1.36M
2019: €306k
2020: €324k
2021: €425k
2022: €901k
2023: €1.50M
2024: €1.36M
2019 → 2025
Working capital
€3.92M▲ 2.7%
2024 · €3.82M
2019: €240k
2020: €653k
2021: €695k
2022: €-1.23M
2023: €1.28M
2024: €3.82M
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.32M-€2.23M▲ 68.1%€3.73M▲ 67.5%€5.09M▲ 36.6%€6.46M▲ 27.0%
Operating result€269k-€40k▼ 85.2%€-13k€37k€41k▲ 9.4%
Net result€425k-€901k▲ 112%€1.50M▲ 66.7%€1.36M▼ 9.2%€1.37M▲ 0.7%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 9% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €7.55M
Fixed assets
€2.65M▼ 0.3%
Current assets
€4.90M▲ 23.6%
Equity and liabilities €7.55M
Equity
€6.46M▲ 27.0%
Debt
€1.08M▼ 29.1%
The debt ratio falls from 23.1% to 14.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€58k▲
2024 · €57k
Cash flow
€1.39M▲
2024 · €1.38M
Solvency
85.6%▲
2024 · 76.9%
Current ratio
5.03▼
2024 · 27.68
Quick ratio
5.03▼
2024 · 27.68
Debt / equity
0.17▼
2024 · 0.30
ROE
21.2%▼
2024 · 26.8%
ROA
18.2%▼
2024 · 20.6%
Interest coverage
1.56▼
2024 · 15.65
Debt
€1.08M▼
2024 · €1.53M
Debt ≤ 1 year
€974k▲
2024 · €143k
Debt > 1 year
€110k▼
2024 · €1.39M
Income taxes
€139k▼
2024 · €147k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€6.62M€7.55M▲
Fixed assets21/28€2.66M€2.65M▼
Intangible fixed assets21€3k€2k▼
Tangible fixed assets22/27€20k€14k▼
Plant, machinery and equipment23€4k€4k▲
Furniture and vehicles24€17k€10k▼
Financial fixed assets28€2.63M€2.63M=
Current assets29/58€3.96M€4.90M▲
Amounts receivable after more than one year29€2.02M€1.93M▼
Other amounts receivable291€2.02M€1.93M▼
Amounts receivable within one year40/41€858k€975k▲
Other amounts receivable41€858k€975k▲
Current investments50/53€500k€518k▲
Cash at bank and in hand54/58€366k€625k▲
Deferred charges and accrued income490/1€215k€846k▲
Equity and liabilities
Total equity and liabilities10/49€6.62M€7.55M▲
Equity10/15€5.09M€6.46M▲
Contributions10/11€233k€233k=
Reserves13€4.82M€6.19M▲
Tax-exempt reserves132€340€340=
Distributable reserves133€4.82M€6.19M▲
Profit (loss) carried forward14€37k€37k▲
Amounts payable17/49€1.53M€1.08M▼
Amounts payable after more than one year17€1.39M€110k▼
Financial debts170/4€1.39M€110k▼
Amounts payable within one year42/48€143k€974k▲
Trade debts44€273€536▲
Suppliers440/4€273€536▲
Taxes, remuneration and social security45€143k€137k▼
Taxes450/3€143k€137k▼
Other amounts payable47/48-€836k
Accrued charges and deferred income492/3€2k€656▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€20k€18k▼
Other operating charges640/8€1k€1k▲
Gross operating margin9900€58k€59k▲
Operating profit (loss)9901€37k€41k▲
Financial income75/76B€1.48M€1.51M▲
Recurring financial income75€1.48M€1.51M▲
Financial charges65/66B€4k€37k▲
Recurring financial charges65€4k€37k▲
Profit (loss) for the period before taxes9903€1.51M€1.51M▲
Income taxes67/77€147k€139k▼
Profit (loss) for the period9904€1.36M€1.37M▲
Profit (loss) for the period to be appropriated9905€1.36M€1.37M▲
Appropriation of the result
Profit (loss) to be appropriated9906€1.40M€1.41M▲
Profit (loss) brought forward from the previous period14P€37k€37k▲
Transfer to equity691/2€1.36M€1.37M▲
To other reserves6921€1.36M€1.37M▲
The notes to these accounts (15 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
28-11
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 28 days late
2024
28-11
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 28 days late
31-03
Financial
Liquidity times 12current ratio 27.68
Current ratio from 2.22 to 27.68; short-term debt falls from €1.05M to €143k.
31-03
Financial
Equity above €5MEq €5.09M ▲36.6%
6 profitable years in a row build equity to €5.09M.
2023
12-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 42 days late
31-03
Financial
Highest result since 2019net €1.50M ▲66.7%
Net result €1.50M, the highest in the series.
31-03
Financial
Liquidity quadruplescurrent ratio 2.22
Current ratio from 0.59 to 2.22; short-term debt falls from €2.99M to €1.05M.
2022
16-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 16 days late
31-03
Financial
Equity above €2MEq €2.23M ▲68.1%
4 profitable years in a row build equity to €2.23M.
2021
04-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 4 days late
2020
26-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 26 days late
31-03
Financial
Liquidity times 5current ratio 14.97
Current ratio from 3.05 to 14.97; short-term debt falls from €117k to €47k.
31-03
Financial
Equity above €1MEq €1.27M ▲34.4%
2 profitable years in a row build equity to €1.27M.
2019
25-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 25 days late
2018
13-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 13 days late
2017
31-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
29-11
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Heist-op-den-Berg · 1 establishment unit since 1996
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
René Lambrechtsstraat 112220 Heist-op-den-BergGround area
1,261 m²
Building footprint
150 m²
Volume, LiDAR
1,149 m³
Parcel 12014B0612/00D000, Flanders · tallest building 10.9 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
René Lambrechtsstraat 11, 2220 Heist-op-den-Berg
since 19962.079.229.444
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12014B0612/00D000 | Flanders | 1,261 m² | 1 · 150 m² | 10.8 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2024 · 1 entry · 1,153 EUR awarded · 1,153 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 1,153 EUR | 1,153 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 82,554 companies in sector 70200 we hold annual accounts for 52,573. 9,388 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded14-11-1996
Fiscal year end31-03
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
74142
Sources
Crossroads Bank for EnterprisesNational Bank · 26 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.