COGHEN 77
ActiveCOGHEN 77 has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €246k and a net result of €-18k. Equity remains stable across the filed fiscal years (±1.5% per year). Its solvency ranks better than 30% of 9183 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
49
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability35▼-5
Solvency36▼-1
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €12k at 30 days acceptable
Liquidity tight (current ratio 1.27 against 1.29 in 2024; short-term debt: 78.7% and cash: 0% of total assets), and 88.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 20-07-2026, 11 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
11 d early
2024
16 d early
2023
36 d early
2022
35 d early
2021
16 d early
2020
15 d early
2019
39 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-18k
2024 · €21k
2018: €-15k
2019: €-58k
2020: €291k
2021: €81k
2022: €-26k
2023: €-36k
2024: €21k
2018 → 2025
Working capital
€466k▼ 1.9%
2024 · €476k
2018: €190k
2019: €132k
2020: €598k
2021: €604k
2022: €579k
2023: €445k
2024: €476k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€304k-€279k▼ 8.5%€243k▼ 12.9%€264k▲ 8.8%€246k▼ 6.8%
Operating result€49k-€-51k€-55k▼ 6.1%€22k€-11k
Net result€81k-€-26k€-36k▼ 39.3%€21k€-18k
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €11k after €22k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €2.19M
Equity
€246k▼ 6.8%
Debt
€1.94M▲ 3.6%
The debt ratio rises from 87.6% to 88.7%. Equity is lower and debt is higher.
Key figures and ratios
Solvency
11.3%▼
2024 · 12.4%
Current ratio
1.27▼
2024 · 1.29
Quick ratio
0.30▼
2024 · 0.33
Debt / equity
7.89▲
2024 · 7.09
ROE
-7.3%▼
2024 · 8.1%
ROA
-0.8%▼
2024 · 1.0%
Debt
€1.94M▲
2024 · €1.87M
Debt ≤ 1 year
€1.72M▲
2024 · €1.66M
Debt > 1 year
€220k▲
2024 · €212k
Income taxes
€0
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€2.14M€2.19M▲
Current assets29/58€2.14M€2.19M▲
Stocks and contracts in progress3€1.58M€1.67M▲
Stocks30/36€1.58M€1.67M▲
Amounts receivable within one year40/41€554k€519k▼
Trade receivables40€39k€5k▼
Other amounts receivable41€515k€514k▼
Cash at bank and in hand54/58€32€132▲
Deferred charges and accrued income490/1€506€728▲
Equity and liabilities
Total equity and liabilities10/49€2.14M€2.19M▲
Equity10/15€264k€246k▼
Contributions10/11€62k€62k=
Reserves13€118k€118k=
Non-distributable reserves130/1€18k€18k=
Reserves not available under the articles1311€18k€18k=
Other1319€1€1=
Distributable reserves133€100k€100k=
Profit (loss) carried forward14€84k€66k▼
Amounts payable17/49€1.87M€1.94M▲
Amounts payable after more than one year17€212k€220k▲
Financial debts170/4€212k€220k▲
Amounts payable within one year42/48€1.66M€1.72M▲
Current portion of amounts payable after more than one year42€765k€769k▲
Financial debts43€15k-
Credit institutions430/8€15k-
Trade debts44€80k€52k▼
Suppliers440/4€80k€52k▼
Taxes, remuneration and social security45€27k€38k▲
Taxes450/3€27k€38k▲
Other amounts payable47/48€775k€860k▲
Income statement
Code20242025
Other operating charges640/8€968€998▲
Non-recurring operating charges66A-€2k
Gross operating margin9900€23k€-9k▼
Operating profit (loss)9901€22k€-11k▼
Financial income75/76B€14k€10k▼
Recurring financial income75€14k€10k▼
Financial charges65/66B€15k€17k▲
Recurring financial charges65€15k€17k▲
Profit (loss) for the period before taxes9903€21k€-18k▼
Income taxes67/77-€0
Profit (loss) for the period9904€21k€-18k▼
Profit (loss) for the period to be appropriated9905€21k€-18k▼
Appropriation of the result
Profit (loss) to be appropriated9906€84k€66k▼
Profit (loss) brought forward from the previous period14P€63k€84k▲
The notes to these accounts (6 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
2026
20-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
15-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Back to profitnet €21k
Net result €21k after 2 loss-making years.
25-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
26-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
15-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
16-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Back to profitnet €291k
Net result €291k after 2 loss-making years.
31-12
Financial
Equity above €200kEq €298k ▲126%
Equity rises from €132k to €298k.
22-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Weakest financial yearnet €-58k
Net result drops to €-58k, the lowest in the series; recovery starts the following year.
03-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
12-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
12-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
11 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, Waterloo · 1 establishment unit since 1992
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.
Chaussée Bara 3391410 WaterlooGround area
2,477 m²
Building footprint
366 m²
Parcel 25110B0615/00A000, Wallonia. Linked by address, not a title deed.
1 establishment unit
Chaussée Bara 339, 1410 Waterloo
since 19922.058.762.741
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25110B0615/00A000 | Wallonia | 2,477 m² | 1 · 366 m² | - |
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.
Similar companies · same sector, comparable size
WOLCO
BE 0550.956.139
Wervik · Eq €246k
Habitat & Humanisme Development Belgium
BE 0682.779.733
Elsene · Eq €246k
Masset Projects
BE 0463.224.884
Zandhoven · Eq €246k
PRINCETON-KEY INVEST
BE 0877.989.560
Antwerpen · Eq €246k
KolibriC
BE 0755.869.035
Dessel · Eq €246k
Of 9,695 companies in sector 68121 we hold annual accounts for 7,383. 5,245 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded27-04-1992
Fiscal year end31-12
Activities, NACEBEL
68121Development of residential building projects
68122Development of non-residential building projects
68110Buying and selling of own real estate
Sources
Crossroads Bank for EnterprisesNational Bank · 33 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.