KOGA
ActiveSummary
KOGA has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €156,459 and a net result of €158,915. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 25% of 622 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is < 0.1% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability100▲+90
Solvency64▲+40
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €12,000 at 30 days acceptable
Liquidity ample (current ratio 1.55 against 0.99 in 2023; short-term debt: 61.3% and cash: 28.9% of total assets), but 61.3% of the assets are financed with debt.
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Signals
Four 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 88
Relative position
BE, all sectors
reference
Social work activities without accommodation (NACE 88)
about 62% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-08-2025, 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 · 5 filingsDeviation from the deadline
2025
not confirmed
2024
28 d late
2023
146 d late
2022
31 d late
2021
120 d late
2020
485 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 162 days after the deadline; the sector median for financial year 2024 is 24 days before the deadline, and 25% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Is the workforce growing, and do people stay?Employer check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Public money
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, abbreviated schema
In the rankings
#4 fastest grower in Lievegem
Equity
€156,459
2023 · -€2,456
Total assets
€404,602▲ 142%
2023 · €167,266
Net result
€158,915
2023 · -€18,466
Working capital
€136,264
2023 · -€1,741
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 88, Social work activities without accommodation, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result-€52,359--€4,001▲ 92.4%€11,846-€17,772€159,607
Net result-€53,825below the sector's middle half--€5,349below the sector's middle half▲ 90.1%€10,943within the sector's middle half-€18,466below the sector's middle half€158,915within the sector's middle half
Equity€10,416below the sector's middle half-€5,068below the sector's middle half▼ 51.4%€16,010below the sector's middle half▲ 216%-€2,456below the sector's middle half€156,459below the sector's middle half
Total assets€159,483below the sector's middle half-€132,985below the sector's middle half▼ 16.6%€133,585below the sector's middle half▲ 0.5%€167,266below the sector's middle half▲ 25.2%€404,602below the sector's middle half▲ 142%
Debt€149,066-€127,917▼ 14.2%€117,575▼ 8.1%€169,722▲ 44.4%€248,142▲ 46.2%
Working capital€8,655below the sector's middle half-€5,068below the sector's middle half▼ 41.4%€16,010below the sector's middle half▲ 216%-€1,741below the sector's middle half€136,264within the sector's middle half
Solvency6.5%below the sector's middle half-3.8%below the sector's middle half▼ 2.7pp12.0%below the sector's middle half▲ 8.2pp-1.5%below the sector's middle half▼ 13.5pp38.7%within the sector's middle half▲ 40.1pp
Current ratio1.06below the sector's middle half-1.04below the sector's middle half▼ 0.021.14below the sector's middle half▲ 0.100.99below the sector's middle half▼ 0.151.55within the sector's middle half▲ 0.56
Return on assets (ROA)-33.7%below the sector's middle half--4.0%below the sector's middle half▲ 29.7pp8.2%above the sector's middle half▲ 12.2pp-11.0%below the sector's middle half▼ 19.2pp39.3%above the sector's middle half▲ 50.3pp
Staff (FTE)13below the sector's middle half-14.4within the sector's middle half▲ 10.8%15within the sector's middle half▲ 4.2%15.7within the sector's middle half▲ 4.7%17.5within the sector's middle half▲ 11.5%
above
within
below
the middle half (P25 to P75) of NACE 88, Social work activities without accommodation, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €159,607 after a loss of €17,772 in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €404,602
Fixed assets
€20,195 ▲ 952%
Current assets
€384,407 ▲ 132%
Equity and liabilities €404,602
Equity
€156,459
Debt
€248,142
Debt finances 61.3% of the balance-sheet total.
Key figures and ratios
EBITDA
€160,928
Cash flow
€160,236
Debt to equity
1.59▲
2023 · -69.11
ROE
101.6%
Interest coverage
157.61
Debt ≤ 1 year
€248,142▲
2023 · €167,087
Staff costs
€961,889▲
2023 · €750,970
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,811 companies that looked in July 2024 the way this one looks now, 0.3% went bankrupt within 24 months and 97% are still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.3%
went bankrupt
3.2%
stopped otherwise
97%
still going
For this company itself Checked computes a bankruptcy probability of < 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 17,811 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €430,034 | €488,330 | €537,667 | €750,970 | €961,889 | ▲ 28.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,589 | €4,589 | - | - | €1,321 | - |
| Other operating charges640/8 | €602 | €484 | €1,812 | €1,571 | €2,008 | ▲ 27.8% |
| Gross operating margin9900 | €382,867 | €489,402 | €551,325 | €734,768 | €1.1m | ▲ 53.1% |
| Operating profit (loss)9901 | -€52,359 | -€4,001 | €11,846 | -€17,772 | €159,607 | ▲ 998% |
| Financial income75/76B | €174 | €447 | €140 | €23 | €329 | ▲ 1,307% |
| Recurring financial income75 | €174 | €447 | €140 | €23 | €329 | ▲ 1,307% |
| Financial charges65/66B | €1,640 | €1,795 | €1,044 | €717 | €1,021 | ▲ 42.3% |
| Recurring financial charges65 | €1,640 | €1,795 | €1,044 | €717 | €1,021 | ▲ 42.3% |
| Profit (loss) for the period before taxes9903 | -€53,825 | -€5,349 | €10,943 | -€18,466 | €158,915 | ▲ 961% |
| Profit (loss) for the period9904 | -€53,825 | -€5,349 | €10,943 | -€18,466 | €158,915 | ▲ 961% |
| Profit (loss) for the period to be appropriated9905 | -€53,825 | -€5,349 | €10,943 | -€18,466 | €158,915 | ▲ 961% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €159,483 | €132,985 | €133,585 | €167,266 | €404,602 | ▲ 142% |
| Fixed assets21/28 | €4,589 | - | - | €1,920 | €20,195 | ▲ 952% |
| Tangible fixed assets22/27 | €4,589 | - | - | €1,320 | €19,595 | ▲ 1,384% |
| Land and buildings22 | - | - | - | €1,320 | - | - |
| Plant, machinery and equipment23 | - | - | - | - | €14,944 | - |
| Furniture and vehicles24 | €4,589 | - | - | - | €4,651 | - |
| Financial fixed assets28 | - | - | - | €600 | €600 | = |
| Current assets29/58 | €154,894 | €132,985 | €133,585 | €165,346 | €384,407 | ▲ 132% |
| Amounts receivable within one year40/41 | €98,094 | €77,909 | €64,670 | €55,351 | €109,377 | ▲ 97.6% |
| Trade receivables40 | €98,094 | €77,909 | €64,670 | €55,351 | €109,377 | ▲ 97.6% |
| Current investments50/53 | - | - | €68,324 | - | €100,000 | - |
| Cash at bank and in hand54/58 | €52,912 | €55,076 | - | €109,985 | €116,918 | ▲ 6.3% |
| Deferred charges and accrued income490/1 | €3,888 | - | €591 | €10 | €58,112 | ▲ 600,227% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €159,483 | €132,985 | €133,585 | €167,266 | €404,602 | ▲ 142% |
| Equity10/15 | €10,416 | €5,068 | €16,010 | -€2,456 | €156,459 | ▲ 6,471% |
| Profit (loss) carried forward14 | €10,416 | €5,068 | €16,010 | -€2,456 | €156,459 | ▲ 6,471% |
| Amounts payable17/49 | €149,066 | €127,917 | €117,575 | €169,722 | €248,142 | ▲ 46.2% |
| Amounts payable after more than one year17 | €2,827 | - | - | - | - | - |
| Financial debts170/4 | €2,827 | - | - | - | - | - |
| Amounts payable within one year42/48 | €146,239 | €127,917 | €117,575 | €167,087 | €248,142 | ▲ 48.5% |
| Current portion of amounts payable after more than one year42 | €4,846 | €2,415 | - | - | - | - |
| Trade debts44 | €65,112 | €46,694 | €35,757 | €72,717 | €66,399 | ▼ 8.7% |
| Suppliers440/4 | €65,112 | €46,694 | €35,757 | €72,717 | €66,399 | ▼ 8.7% |
| Taxes, remuneration and social security45 | €26,298 | €26,447 | €27,921 | €37,798 | €121,832 | ▲ 222% |
| Taxes450/3 | - | €1,322 | - | - | - | - |
| Remuneration and social security454/9 | €26,298 | €25,125 | €27,921 | €37,798 | €121,832 | ▲ 222% |
| Accrued charges and deferred income492/3 | - | - | - | €2,635 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€53,825 | -€5,349 | €10,943 | -€18,466 | €158,915 | ▲ 961% |
| + Depreciation and write-downs630 | €4,589 | €4,589 | - | - | €1,321 | - |
| Operating cash flow (approximation) | -€49,236 | -€760 | €10,943 | -€18,466 | €160,236 | ▲ 968% |
| Investment in fixed assets (approximation) | - | - | - | - | -€19,596 | - |
| Change in cash | - | €2,164 | - | - | €6,933 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 28 days late
2024
31-12
Financial
Back to profitnet €158,915
Net result €158,915 after one loss-making year.
31-12
Financial
Equity above €150,000Eq €156,459
Equity rises from -€2,456 to €156,459.
24-12
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 146 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
2022
31-12
Financial
Back to profitnet €10,943
Net result €10,943 after 2 loss-making years.
28-11
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 120 days late
28-11
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 485 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
6 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, Lievegem · 2 establishment units since 2016
Ground area
2,126 m²
Building footprint
935 m²
Volume, LiDAR
6,115 m³
2 parcels, Flanders · tallest building 7.8 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
KOGA
since 20162.252.846.972
KOGA Zuid
since 20172.277.715.297
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44080B0011/00W000 | Flanders | 1,384 m² | 1 · 732 m² | 7.8 m · 2 fl. |
| 44057A0288/00M000 | Flanders | 743 m² | 1 · 203 m² | 7.5 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels 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
2022 to 2025 · 17 entries · 3,575,430 EUR awarded · 3,559,734 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 4 | 1,129,060 EUR | 1,138,324 EUR |
| 2024 | 4 | 1,018,468 EUR | 1,018,468 EUR |
| 2023 | 5 | 811,274 EUR | 786,314 EUR |
| 2022 | 4 | 616,628 EUR | 616,628 EUR |
Schemes
Recognitions · licences · registrations
Food safety, FASFC
2 sitesZomergem2.277.715.297
Lievegem2.252.846.972
Care and welfare
7 services · 2 liveKOGA GO
KOGA Zuid
KOGA BO
KOGA BO
Show 3 more services
KOGA BO
KOGA Zuid
KOGA Zuid BO
Dual-learning approval
2 live approvals · 3 endedBasiszorg en ondersteuning duaal (so)
Kinderbegeleider duaal (so)
Show 3 ended approvals
Basiszorg en ondersteuning duaal (so)
Kinderbegeleider duaal (so)
Begeleider in de kinderopvang (so)
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Of 1,588 companies in sector 88911 we hold annual accounts for 709. 535 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formNon-profit association
Founded20-09-2015
Fiscal year end31-12
Activities, NACEBEL 2025
88911Day nurseries and crèches
Contact
E-invoicing
Reachable via Peppol
Peppol ID
0208:0637905454
Registered
27-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.