Equity
€126,676 ▲ 15.7%
GARAGE COGHE has made a profit without a break since 2020.
GARAGE COGHE
Lifetime
20 annual accounts with figures on one time axis, 37 filings since 1989peak €100,062 (2024)
€29,260▼ 70.8%
lowest -€71,502 (2012)
€17,149▲ 137%
peak €126,676 (2025)
€126,676▲ 15.7%
€107,990▼ 13.4%
peak 1.2 FTE (2006)
-not published
Board1 name since 2000
1 directorIvan Coghe
Documentsfilings and deeds
17-07-202614 days before the deadline
2025micro format
Gross margin from €100,062 to €29,260Result from €7,228 to €17,149Equity from €109,527 to €126,676
Key points
from the 2025 annual accountsInvestments
€3,690 1.8 × depreciation
Green is investment, beige is depreciation. Machinery stands 533.1% higher than in 2024.
Filings
37 annual accounts since 1989
Three of the last ten came late. The 2018 accounts came latest: 61 days after the end of the period.
Checked score
89
Excellent
Financially stronger than 54% of micro companies in repair of computers and personal goods (NACE 95)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.5% across 5,139 companies (NACE 95, micro).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.3%
01-2025: 0.3%● unchanged vs 12-2024
02-2025: 0.3%● unchanged vs 01-2025
03-2025: 0.3%● unchanged vs 02-2025
04-2025: 0.3%● unchanged vs 03-2025
05-2025: 0.3%● unchanged vs 04-2025highest value
06-2025: 0.3%● unchanged vs 05-2025
07-2025: 0.2%▼ -0.1 percentage points vs 06-2025
08-2025: 0.2%● unchanged vs 07-2025
09-2025: 0.2%● unchanged vs 08-2025
10-2025: 0.2%● unchanged vs 09-2025
11-2025: 0.2%● unchanged vs 10-2025
12-2025: 0.2%● unchanged vs 11-2025
01-2026: 0.2%● unchanged vs 12-2025
02-2026: 0.2%● unchanged vs 01-2026
03-2026: 0.2%● unchanged vs 02-2026
04-2026: 0.2%● unchanged vs 03-2026
05-2026: 0.3%▲ +0.1 percentage points vs 04-2026
06-2026: 0.2%▼ -0.1 percentage points vs 05-2026
07-2026: 0.3%▲ +0.1 percentage points vs 06-2026
08-2026: 0.2%▼ -0.1 percentage points vs 07-2026lowest value
09-2026: 0.2%● unchanged vs 08-2026lowest value
10-2026: 0.2%● unchanged vs 09-2026lowest value
11-2026: 0.2%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
raises risk
Sector: Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles (NACE 95)
Size: total assets €234,666
lowers risk
Founded in 1988
Figures for financial year 2025 (filed on 17-07-2026)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 95, micro). It does better than 64% of them on solvency, 32% on liquidity, 59% on profitability and 63% on growth.
The bankruptcy probability was computed on 10-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 31,368 companies had the same profile as GARAGE COGHE has now. Each dot stands for 79 companies, two years later.
93.5%
were still trading
5.9%
stopped another way
0.5%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of GARAGE COGHE itself: 0.2% within 12 months.
Test of the method
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 31,368 companies, not a prediction for GARAGE COGHE. 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.
Credit verdict
Credit of up to €11,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.14 (1.87 in 2024), above the usual 1.5. Short-term debt is 46% and cash 9.8% of total assets. 46% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 17-07-2026, 14 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
14 days early
2024
42 days early
2023
1 day early
2022
17 days early
2021
3 days early
2020
2 days early
2019
21 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 8 days before the deadline. In the sector (NACE 95), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 17 July (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Reappointment: Ivan Coghe (director)
“De vennootschap mag alle verrichtingen stellen van commerciële,industriële,onroerende,roerende of financiële…” (deed in Dutch) · General meeting of 26-08-2025 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0435787940
Capital increase of €156,000 to €370,000
Capital from €214,000 to €370,000 · Contribution: Ivan Coghe · Appointment: Ivan Coghe (statutory manager) · Gazette deed
First establishment
GARAGE COGHE BVBA, Ieperstraat 81, Hooglede
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| GARAGE COGHE Hooglede | €234,666 | €29,260 | 54.0% | - |
| SERVICE CENTER VUYLSTEKE Bruges | €229,235 | €32,386 | 95.5% | - |
| A.M.E.C. Sint-Genesius-Rode | €238,375 | €24,617 | 92.6% | - |
| EXP TRANSPORT RAPIDOLIFT Zaventem | €200,549 | €31,181 | -20.4% | - |
| SPY MOTOR Jemeppe-sur-Sambre | €193,648 | €28,569 | 91.1% | - |
| VANDE PUTTE Brakel | €280,859 | €24,153 | 75.7% | - |
| GARAGE DEGRANDE Staden | €222,309 | €42,261 | 51.4% | - |
These companies have the same main activity as GARAGE COGHE: general maintenance and repair of cars and light vans (up to 3.5 tonnes) (NACE 95311). They are comparable in size and age: total assets between €194,000 and €281,000, founded between 1986 and 1994.
Official details
Source: KBO- Status
- Active since 23-11-1988Normal situation
- Activity
- General maintenance and repair of cars and light vans (up to 3.5 tonnes)NACE 95311
- Joint committee
- 200Auxiliary committee for white-collar workers · annual accounts 2023
- Establishment unit
- 2.041.901.6668830 Hooglede, since 30-01-1989
- Financial year end
- 31 December
- Peppol
- Reachable since 07-11-2025
Annual accounts 2025
- ≈ €93,000estimated
- €234,666▲ 0.2%
- Filing
- Filed on 17-07-2026, 14 days before the end of the filing period
Insights on GARAGE COGHE
GARAGE COGHE files the micro format. That format states no turnover. The gross margin fell from €88,600 in 2006 to €29,260 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about GARAGE COGHE
- What is the company number of GARAGE COGHE?
- The company number of GARAGE COGHE is 0435.787.940. The VAT number is the same number with BE in front: BE 0435.787.940.
- Where is GARAGE COGHE based?
- The registered office is at Ieperstraat 81, 8830 Hooglede.Company details
- What does GARAGE COGHE do?
- According to the KBO register, the main activity is general maintenance and repair of cars and light vans (up to 3.5 tonnes) (NACE 95311).
- What is the legal form of GARAGE COGHE?
- GARAGE COGHE is a private limited company (BV).
- When was GARAGE COGHE founded?
- GARAGE COGHE was founded on 23-11-1988.
- Is GARAGE COGHE still active?
- Yes, GARAGE COGHE is an active enterprise in the KBO register.
- How many employees does GARAGE COGHE have?
- GARAGE COGHE had an average of 0.4 full-time equivalents in financial year 2023, according to the filed annual accounts.Financials
- Which joint committee does GARAGE COGHE fall under?
- In its 2023 annual accounts, GARAGE COGHE states joint committee 200 (Auxiliary committee for white-collar workers).
- What is the turnover of GARAGE COGHE?
- The turnover in financial year 2025 is ≈ €93,000. This figure is estimated from the gross margin of €29,260 and 52 comparable companies (NACE 953). It probably lies between €66,000 and €210,000.
- Is GARAGE COGHE profitable?
- In financial year 2025, GARAGE COGHE made a profit of €17,149.
- Where can I find the annual accounts of GARAGE COGHE?
- GARAGE COGHE filed 37 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of GARAGE COGHE due?
- GARAGE COGHE must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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