Equity
Debts exceed assets in financial year 2025.
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Debts exceed assets in financial year 2025.
Of this, €152,347 falls due within a year.
COGE pays its suppliers 55 days later than in 2024. Customers pay 22 days earlier.
The 2025 accounts came 20 days late. The other six were filed on time.
Lower solvency than 95% of companies in legal and accounting. Sector median 56.8% · 15,834 companies.
In July 2024, 906 companies had the same profile as COGE has now. Each dot stands for 3 companies, two years later.
Another 0.4% stopped without a precise date, possibly only after those two years.
The method was tested on the 497,448 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 906 companies, not a prediction for COGE. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
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The scores and ratios are Checked's own calculations, not a credit decision.
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| Company | ||||
|---|---|---|---|---|
| COGE Schaerbeek | €210,093 | €86,575 | -17.8% | - |
| FISCO GROUP Molenbeek-Saint-Jean | €250,519 | €92,427 | 29.4% | - |
| Xifra Wevelgem | €195,517 | €86,414 | 32.5% | - |
| MD COMPTA’CT Chaumont-Gistoux | €189,396 | €90,044 | 10.8% | - |
| JOLUM Vorselaar | €185,914 | €81,270 | 94.5% | - |
| ABJIJ & Partners Colfontaine | €193,326 | €77,675 | 61.2% | - |
| DVS Accountancy Merksplas | €237,545 | €84,591 | 67.4% | - |
These companies have the same main activity as COGE: certified accountants and tax accountants (NACE 69201). They are comparable in size and age: total assets between €186,000 and €251,000, founded between 2019 and 2020.
COGE files the micro format. That format states no turnover. The gross margin rose from €45,635 in 2019 to €86,575 in 2025.
holds 75% of the shares.
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Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
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