MANAGEMENT COGGE
ActiveMANAGEMENT COGGE has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.87M and a net result of €127k. Equity remains stable across the filed fiscal years (±1% per year). Its solvency ranks better than 78% of 31662 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
88
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability76=
Solvency100=
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €160k at 30 days acceptable
Liquidity ample (current ratio 5.21 against 3.99 in 2024; short-term debt: 7.5% and cash: 20.7% of total assets), and 18.3% 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○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← 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
81.7%
Return on assets
5.6%
Age of the figures
15 mo
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
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €1.87M
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 12-11-2025, 80 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
80 d early
2024
54 d early
2023
96 d early
2022
110 d early
2021
123 d early
2020
55 d early
2019
46 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close22-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€1.87M▲ 7.3%
2024 · €1.74M
2019: €1.77M
2020: €1.68M
2021: €1.67M
2022: €1.71M
2023: €1.61M
2024: €1.74M
2019 → 2025
Total assets
€2.29M▲ 2.8%
2024 · €2.23M
2019: €1.90M
2020: €1.78M
2021: €1.84M
2022: €2.10M
2023: €2.20M
2024: €2.23M
2019 → 2025
Net result
€127k▼ 1.0%
2024 · €129k
2019: €-10k
2020: €-94k
2021: €-6k
2022: €39k
2023: €147k
2024: €129k
2019 → 2025
Working capital
€724k▲ 17.0%
2024 · €618k
2019: €855k
2020: €353k
2021: €180k
2022: €1.09M
2023: €557k
2024: €618k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.67M-€1.71M▲ 2.3%€1.61M▼ 5.6%€1.74M▲ 8.0%€1.87M▲ 7.3%
Operating result€-13k-€44k€201k▲ 361%€152k▼ 24.4%€154k▲ 1.4%
Net result€-6k-€39k€147k▲ 277%€129k▼ 12.2%€127k▼ 1.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 1% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.29M
Fixed assets
€1.39M▼ 0.6%
Current assets
€895k▲ 8.5%
Equity and liabilities €2.29M
Equity
€1.87M▲ 7.3%
Debt
€419k▼ 13.5%
The debt ratio falls from 21.8% to 18.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€180k▲
2024 · €174k
Cash flow
€154k▲
2024 · €151k
Solvency
81.7%▲
2024 · 78.2%
Current ratio
5.21▲
2024 · 3.99
Quick ratio
5.21▲
2024 · 3.99
Debt / equity
0.22▼
2024 · 0.28
ROE
6.8%▼
2024 · 7.4%
ROA
5.6%▼
2024 · 5.8%
Interest coverage
44.69▲
2024 · 38.98
Debt
€419k▼
2024 · €485k
Debt ≤ 1 year
€172k▼
2024 · €207k
Debt > 1 year
€244k▼
2024 · €278k
Income taxes
€54k▼
2024 · €55k
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€2.23M€2.29M▲
Fixed assets21/28€1.40M€1.39M▼
Tangible fixed assets22/27€1.10M€1.09M▼
Land and buildings22€1.07M€1.05M▼
Furniture and vehicles24€29k€42k▲
Financial fixed assets28€300k€300k=
Current assets29/58€825k€895k▲
Amounts receivable within one year40/41€14k€0▼
Other amounts receivable41€14k€0▼
Current investments50/53€260k€400k▲
Cash at bank and in hand54/58€535k€474k▼
Deferred charges and accrued income490/1€16k€21k▲
Equity and liabilities
Total equity and liabilities10/49€2.23M€2.29M▲
Equity10/15€1.74M€1.87M▲
Contributions10/11€19k€19k=
Reserves13€1.72M€1.85M▲
Distributable reserves133€1.72M€1.85M▲
Amounts payable17/49€485k€419k▼
Amounts payable after more than one year17€278k€244k▼
Financial debts170/4€278k€244k▼
Amounts payable within one year42/48€207k€172k▼
Current portion of amounts payable after more than one year42€33k€34k▲
Trade debts44€3k€2k▼
Suppliers440/4€3k€2k▼
Taxes, remuneration and social security45€15k€32k▲
Taxes450/3€12k€28k▲
Remuneration and social security454/9€3k€3k=
Other amounts payable47/48€155k€105k▼
Accrued charges and deferred income492/3€0€3k▲
Income statement
Code20242025
Non-recurring operating income76A€0-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€23k€27k▲
Other operating charges640/8€3k€5k▲
Gross operating margin9900€177k€185k▲
Operating profit (loss)9901€152k€154k▲
Financial income75/76B€37k€31k▼
Recurring financial income75€37k€31k▼
Financial charges65/66B€4k€4k▼
Recurring financial charges65€4k€4k▼
Non-recurring financial charges66B€0-
Profit (loss) for the period before taxes9903€184k€181k▼
Income taxes67/77€55k€54k▼
Profit (loss) for the period9904€129k€127k▼
Profit (loss) for the period to be appropriated9905€129k€127k▼
Appropriation of the result
Profit (loss) to be appropriated9906€129k€127k▼
Transfer to equity691/2€129k€127k▼
To other reserves6921€129k€127k▼
The notes to these accounts (10 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
2025
12-11
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
08-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
27-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
30-06
Financial
Highest result since 2019net €147k ▲277%
Operating result €201k, net result €147k, both a record.
2022
13-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
30-06
Financial
Back to profitnet €39k
Net result €39k after 3 loss-making years.
30-06
Financial
Liquidity times 12current ratio 25.95
Current ratio from 2.14 to 25.95; short-term debt falls from €158k to €44k.
2021
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
07-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
30-06
Financial
Weakest financial yearnet €-94k
Net result drops to €-94k, the lowest in the series; recovery starts the following year.
2019
16-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
14-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
08-12
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
23-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Oostende · 1 establishment unit since 2010
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.
Leopold III-laan 28400 OostendeGround area
1.7 ha
Building footprint
2,735 m²
Parcel 35013A4616/00A000, Flanders. Linked by address, not a title deed.
1 establishment unit
MANCO
since 20102.191.130.030
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35013A4616/00A000 | Flanders | 1.7 ha | 1 · 2,735 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.
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Of 82,569 companies in sector 70200 we hold annual accounts for 52,573. 20,962 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded20-07-2010
Fiscal year end30-06
Abbreviation NL
MANCO
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
70100Activities of head offices
70210Activities of head offices; management consultancy activities
73300Public relations and communication consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.