KOGE
ActiveSummary
KOGE has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €176,425 and a net result of €80,141. Equity is growing by ~25.5% per year across the filed fiscal years. Its solvency ranks better than 23% of 9574 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability81▲+7
Solvency47▼-2
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11,000 at 30 days acceptable
Liquidity short (current ratio 0.48 against 0.66 in 2024; short-term debt: 19.1% and cash: 2.2% of total assets), and 78% of the assets are financed with debt.
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Signals
Five 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 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
22%
Return on assets
10%
Age of the figures
9 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 9574 sector peers (2025).
NBB · sector comparisonPosition among 9574 sector peers
Solvency
better than 23%
← weakest
strongest →
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 06-07-2026, 25 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
25 d early
2024
37 d early
2023
30 d early
2022
26 d early
2021
41 d early
2020
9 d early
2019
22 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 27 days before the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 2 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€176,425▲ 20.6%
2024 · €146,284
Total assets
€801,435▲ 31.9%
2024 · €607,749
Net result
€80,141▲ 208%
2024 · €26,011
Working capital
-€79,392▼ 83.1%
2024 · -€43,367
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, 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
Line20212022202320242025
Operating result€87,816▲ 72.1%€77,480▼ 11.8%€13,788▼ 82.2%€39,404▲ 186%€103,161▲ 162%
Net result€66,058above the sector's middle half▲ 84.7%€56,420above the sector's middle half▼ 14.6%€6,927within the sector's middle half▼ 87.7%€26,011within the sector's middle half▲ 276%€80,141above the sector's middle half▲ 208%
Equity€107,695within the sector's middle half▲ 90.2%€134,114within the sector's middle half▲ 24.5%€141,041within the sector's middle half▲ 5.2%€146,284within the sector's middle half▲ 3.7%€176,425above the sector's middle half▲ 20.6%
Total assets€344,334above the sector's middle half▲ 23.9%€366,684above the sector's middle half▲ 6.5%€353,832above the sector's middle half▼ 3.5%€607,749above the sector's middle half▲ 71.8%€801,435above the sector's middle half▲ 31.9%
Debt€236,639▲ 7.0%€232,570▼ 1.7%€212,791▼ 8.5%€461,465▲ 117%€625,010▲ 35.4%
Working capital€1,993below the sector's middle half▼ 94.8%€16,712within the sector's middle half▲ 739%€24,575within the sector's middle half▲ 47.1%-€43,367below the sector's middle half-€79,392below the sector's middle half▼ 83.1%
Solvency31.3%within the sector's middle half▲ 10.9pp36.6%within the sector's middle half▲ 5.3pp39.9%within the sector's middle half▲ 3.3pp24.1%below the sector's middle half▼ 15.8pp22.0%below the sector's middle half▼ 2.1pp
Current ratio1.04below the sector's middle half▼ 0.911.29within the sector's middle half▲ 0.251.47within the sector's middle half▲ 0.190.66below the sector's middle half▼ 0.810.48below the sector's middle half▼ 0.18
Return on assets (ROA)19.2%within the sector's middle half▲ 6.3pp15.4%within the sector's middle half▼ 3.8pp2.0%within the sector's middle half▼ 13.4pp4.3%within the sector's middle half▲ 2.3pp10.0%within the sector's middle half▲ 5.7pp
above
within
below
the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the 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 162% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €801,435
Fixed assets
€727,922 ▲ 39.5%
Current assets
€73,513 ▼ 14.4%
Equity and liabilities €801,435
Equity
€176,425 ▲ 20.6%
Debt
€625,010 ▲ 35.4%
Debt's share of the balance-sheet total rises from 75.9% to 78.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€117,326▲
2024 · €52,391
Cash flow
€94,305▲
2024 · €38,998
Debt to equity
3.54▲
2024 · 3.15
ROE
45.4%▲
2024 · 17.8%
Interest coverage
7.84▼
2024 · 11.01
Debt ≤ 1 year
€152,905▲
2024 · €129,217
Debt > 1 year
€472,105▲
2024 · €332,248
Income taxes
€25,359▲
2024 · €8,634
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14,700 | €17,924 | €17,869 | €12,987 | €14,164 | ▲ 9.1% |
| Other operating charges640/8 | €2,523 | €1,340 | €1,943 | €1,944 | €2,873 | ▲ 47.8% |
| Gross operating margin9900 | €105,039 | €96,744 | €33,600 | €54,335 | €120,199 | ▲ 121% |
| Operating profit (loss)9901 | €87,816 | €77,480 | €13,788 | €39,404 | €103,161 | ▲ 162% |
| Financial income75/76B | €356 | €3 | - | - | €17,307 | - |
| Recurring financial income75 | €356 | €3 | - | - | €17,307 | - |
| Financial charges65/66B | €2,684 | €2,391 | €3,939 | €4,759 | €14,968 | ▲ 214% |
| Recurring financial charges65 | €2,684 | €2,391 | €3,939 | €4,759 | €14,968 | ▲ 214% |
| Profit (loss) for the period before taxes9903 | €85,488 | €75,092 | €9,849 | €34,645 | €105,500 | ▲ 205% |
| Income taxes67/77 | €19,430 | €18,672 | €2,922 | €8,634 | €25,359 | ▲ 194% |
| Profit (loss) for the period9904 | €66,058 | €56,420 | €6,927 | €26,011 | €80,141 | ▲ 208% |
| Profit (loss) for the period to be appropriated9905 | €66,058 | €56,420 | €6,927 | €26,011 | €80,141 | ▲ 208% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €344,334 | €366,684 | €353,832 | €607,749 | €801,435 | ▲ 31.9% |
| Formation expenses20 | €633 | €316 | €0 | - | - | - |
| Fixed assets21/28 | €293,363 | €291,810 | €277,478 | €521,898 | €727,922 | ▲ 39.5% |
| Tangible fixed assets22/27 | €293,363 | €291,810 | €277,478 | €273,740 | €267,076 | ▼ 2.4% |
| Land and buildings22 | €274,327 | €275,916 | €267,074 | €267,291 | €258,172 | ▼ 3.4% |
| Plant, machinery and equipment23 | - | €3,325 | €2,643 | €1,960 | €1,277 | ▼ 34.8% |
| Furniture and vehicles24 | €19,036 | €12,568 | €7,761 | €4,489 | €7,627 | ▲ 69.9% |
| Financial fixed assets28 | - | - | - | €248,158 | €460,846 | ▲ 85.7% |
| Current assets29/58 | €50,338 | €74,557 | €76,354 | €85,851 | €73,513 | ▼ 14.4% |
| Amounts receivable within one year40/41 | €23,681 | €23,564 | €22,983 | €22,252 | €54,120 | ▲ 143% |
| Trade receivables40 | €19,362 | €19,386 | €14,520 | €16,335 | €51,292 | ▲ 214% |
| Other amounts receivable41 | €4,319 | €4,179 | €8,463 | €5,917 | €2,828 | ▼ 52.2% |
| Cash at bank and in hand54/58 | €16,917 | €47,861 | €50,625 | €59,440 | €17,329 | ▼ 70.8% |
| Deferred charges and accrued income490/1 | €9,741 | €3,132 | €2,745 | €4,158 | €2,063 | ▼ 50.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €344,334 | €366,684 | €353,832 | €607,749 | €801,435 | ▲ 31.9% |
| Equity10/15 | €107,695 | €134,114 | €141,041 | €146,284 | €176,425 | ▲ 20.6% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €89,095 | €115,514 | €122,441 | €127,684 | €157,825 | ▲ 23.6% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | - | - | - |
| Distributable reserves133 | €87,235 | €113,654 | €120,581 | €127,684 | €157,825 | ▲ 23.6% |
| Amounts payable17/49 | €236,639 | €232,570 | €212,791 | €461,465 | €625,010 | ▲ 35.4% |
| Amounts payable after more than one year17 | €188,294 | €174,724 | €161,013 | €332,248 | €472,105 | ▲ 42.1% |
| Financial debts170/4 | €188,294 | €174,724 | €161,013 | €332,248 | €472,105 | ▲ 42.1% |
| Amounts payable within one year42/48 | €48,345 | €57,846 | €51,778 | €129,217 | €152,905 | ▲ 18.3% |
| Current portion of amounts payable after more than one year42 | €13,425 | €13,570 | €13,711 | €76,922 | €75,985 | ▼ 1.2% |
| Trade debts44 | €4,593 | €3,544 | €3,419 | €3,268 | €3,682 | ▲ 12.7% |
| Suppliers440/4 | €4,593 | €3,544 | €3,419 | €3,268 | €3,682 | ▲ 12.7% |
| Taxes, remuneration and social security45 | €12,540 | €9,430 | €6,946 | €8,252 | €11,431 | ▲ 38.5% |
| Taxes450/3 | €12,540 | €9,430 | €6,946 | €8,252 | €11,431 | ▲ 38.5% |
| Other amounts payable47/48 | €17,788 | €31,303 | €27,703 | €40,775 | €61,806 | ▲ 51.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €66,058 | €56,420 | €6,927 | €26,011 | €80,141 | ▲ 208% |
| + Depreciation and write-downs630 | €14,700 | €17,924 | €17,869 | €12,987 | €14,164 | ▲ 9.1% |
| Operating cash flow (approximation) | €80,759 | €74,344 | €24,795 | €38,998 | €94,305 | ▲ 142% |
| Investment in fixed assets (approximation) | - | -€16,372 | -€3,537 | -€257,407 | -€220,188 | ▲ 14.5% |
| Change in cash | - | €30,944 | €2,764 | €8,815 | -€42,111 | ▼ 578% |
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
Next filing, fiscal year 2026, expected by
2026
06-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2019net €80,141 ▲208%
Operating result €103,161, net result €80,141, both a record.
31-12
Financial
Equity above €150,000Eq €176,425 ▲20.6%
7 profitable years in a row build equity to €176,425.
24-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €6,927 ▼87.7%
Net result drops to €6,927, the lowest in the series; recovery starts the following year.
05-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
20-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €100,000Eq €107,695 ▲90.2%
3 profitable years in a row build equity to €107,695.
22-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
09-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
04-03
State Gazette act
General meeting · Board meeting
Director resignation · Power of attorney
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Gent · 1 establishment unit since 2018
Ground area
1,718 m²
Building footprint
152 m²
Volume, LiDAR
540 m³
Parcel 44061B0250/00P000, Flanders · tallest building 14.5 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
KOGE
since 20182.276.774.397
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44061B0250/00P000 | Flanders | 1,718 m² | 1 · 152 m² | 14.4 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
1 holdingOwners 0
No owner stated in the accounts, acts or LEI register we read.
Holdings 1
-
10.01%
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2022 to 2024 · 3 entries · 201 EUR awarded · 202 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 0 EUR | 68 EUR |
| 2023 | 1 | 111 EUR | 44 EUR |
| 2022 | 1 | 90 EUR | 90 EUR |
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Of 2,148 companies in sector 71209 we hold annual accounts for 1,090. 821 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded07-06-2018
Fiscal year end31-12
Activities, NACEBEL 2025
71209Other technical testing and analysis
70200Business and other management consultancy
71122Land surveying
Contact
E-mail
korneel@koge.beGent
E-invoicing
Reachable via Peppol
Peppol ID
0208:0697709617
Also
9925:BE0697709617
Registered
31-10-2023
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.