Baucory-COGA
ActiveSummary
Baucory-COGA has been active since 1968 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €6.81M and a net result of €611k. Equity is growing by ~22.8% per year across the filed fiscal years. Its solvency ranks better than 56% of 462 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).
Checked score
Score 2025
81
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability75▼-7
Solvency80▼-8
Growth78=
Track record100
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €550k at 30 days acceptable
Liquidity ample (current ratio 2.29 against 2.1 in 2024; short-term debt: 13.1% and cash: 5.5% of total assets), and 45.3% 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+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 87
Relative position
BE, all sectors
reference
Sector 87
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
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
54.7%
Return on assets
4.9%
Age of the figures
9 mo
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 28-05-2026, 64 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
64 d early
2024
31 d early
2023
40 d early
2022
38 d early
2021
90 d early
2020
32 d early
2019
9 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
24-09-2026 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
€611k▼ 42.5%
2024 · €1.06M
2018: €334k
2019: €260k
2020: €328k
2021: €102k
2022: €71k
2023: €799k
2024: €1.06M
2018 → 2025
Working capital
€2.10M▲ 18.6%
2024 · €1.77M
2018: €864k
2019: €1.07M
2020: €1.39M
2021: €1.61M
2022: €1.18M
2023: €1.80M
2024: €1.77M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€2.47M-€4.45M▲ 80.2%€5.21M▲ 17.1%€6.24M▲ 19.7%€6.81M▲ 9.2%
Operating result€107k-€105k▼ 2.4%€783k▲ 647%€1.03M▲ 31.5%€654k▼ 36.4%
Net result€102k-€71k▼ 30.7%€799k▲ 1,029%€1.06M▲ 32.9%€611k▼ 42.5%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 36% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €12.46M
Fixed assets
€8.72M ▲ 34.3%
Current assets
€3.74M ▲ 10.4%
Equity and liabilities €12.46M
Equity
€6.81M ▲ 9.2%
Debt
€5.65M ▲ 55.1%
Debt's share of the balance-sheet total rises from 36.9% to 45.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€1.23M▼
2024 · €1.45M
Cash flow
€1.19M▼
2024 · €1.48M
Current ratio
2.29▲
2024 · 2.10
Quick ratio
2.28▲
2024 · 2.09
Debt to equity
0.83▲
2024 · 0.58
ROE
9.0%▼
2024 · 17.0%
ROA
4.9%▼
2024 · 10.7%
Interest coverage
17.19▼
2024 · 50.58
Debt ≤ 1 year
€1.64M▲
2024 · €1.61M
Debt > 1 year
€3.98M▲
2024 · €2.00M
Income taxes
€6k▲
2024 · €4k
Staff costs
€6.59M▲
2024 · €6.31M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 64 lines
Balance sheet
Code20242025
Assets
Total assets20/58€9.88M€12.46M▲
Fixed assets21/28€6.49M€8.72M▲
Tangible fixed assets22/27€6.49M€8.72M▲
Land and buildings22€4.93M€7.04M▲
Plant, machinery and equipment23€203k€526k▲
Furniture and vehicles24€269k€275k▲
Assets under construction and advance payments27€1.09M€884k▼
Current assets29/58€3.39M€3.74M▲
Stocks and contracts in progress3€12k€10k▼
Stocks30/36€12k€10k▼
Raw materials and consumables30/31€12k€10k▼
Amounts receivable within one year40/41€569k€360k▼
Trade receivables40€298k€213k▼
Other amounts receivable41€271k€148k▼
Current investments50/53€2.05M€2.65M▲
Cash at bank and in hand54/58€710k€684k▼
Deferred charges and accrued income490/1€49k€34k▼
Equity and liabilities
Total equity and liabilities10/49€9.88M€12.46M▲
Equity10/15€6.24M€6.81M▲
Contributions10/11€319k€319k=
Capital10€319k€319k=
Profit (loss) carried forward14€5.14M€5.75M▲
Investment grants15€777k€741k▼
Amounts payable17/49€3.64M€5.65M▲
Amounts payable after more than one year17€2.00M€3.98M▲
Financial debts170/4€2.00M€3.98M▲
Credit institutions173€2.00M€3.98M▲
Amounts payable within one year42/48€1.61M€1.64M▲
Current portion of amounts payable after more than one year42€220k€272k▲
Trade debts44€54k€81k▲
Suppliers440/4€54k€81k▲
Taxes, remuneration and social security45€904k€869k▼
Taxes450/3€68k€7k▼
Remuneration and social security454/9€837k€861k▲
Accrued charges and deferred income492/3€31k€35k▲
Income statement
Code20242025
Operating income70/76A€9.39M€9.59M▲
Other operating income74€510k€477k▼
Non-recurring operating income76A€63k€31k▼
Operating charges60/66A€8.37M€8.94M▲
Goods for resale, raw materials and consumables60€304k€325k▲
Purchases600/8€301k€324k▲
Change in stocks: decrease (increase)609€3k€1k▼
Services and other goods61€1.13M€1.25M▲
Remuneration, social security and pensions62€6.31M€6.59M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€416k€575k▲
Other operating charges640/8€210k€204k▼
Non-recurring operating charges66A€1k€1k▲
Operating profit (loss)9901€1.03M€654k▼
Financial income75/76B€56k€54k▼
Recurring financial income75€56k€54k▼
Other financial income752/9€56k€54k▼
Financial charges65/66B€19k€92k▲
Recurring financial charges65€19k€92k▲
Debt charges650€29k€71k▲
Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651€-14k€-846▲
Other financial charges652/9€4k€21k▲
Profit (loss) for the period before taxes9903€1.07M€617k▼
Income taxes67/77€4k€6k▲
Taxes670/3€4k€6k▲
Profit (loss) for the period9904€1.06M€611k▼
Profit (loss) for the period to be appropriated9905€1.06M€611k▼
Appropriation of the result
Profit (loss) to be appropriated9906€1.06M€611k▼
From contributions791€4.08M€5.14M▲
Social balance
Average headcount (FTE)908786.688.1▲
The notes to these accounts (63 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
28-05
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €1.06M ▲32.9%
Operating result €1.03M, net result €1.06M, both a record.
21-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Equity above €5MEq €5.21M ▲17.1%
6 profitable years in a row build equity to €5.21M.
23-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Weakest financial yearnet €71k ▼30.7%
Net result drops to €71k, the lowest in the series; recovery starts the following year.
02-05
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
29-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
22-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Equity above €2MEq €2.06M ▲13.6%
2 profitable years in a row build equity to €2.06M.
03-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
25-05
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
29-05
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
15 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, Montigny-le-Tilleul · 2 establishment units since 2006
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.
Rue Bois Frion 1016110 Montigny-le-TilleulGround area
2,385 m²
Building footprint
313 m²
Volume, LiDAR
1,691 m³
2 parcels, Wallonia · tallest building 11.6 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
Institut médico pédagogique le Baucory
since 20062.154.679.113
COGA
since 20222.371.252.397
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52038B0464/00W000 | Wallonia | 1,697 m² | 1 · 82 m² | 11.6 m · 2 fl. |
| 52048A0048/00G000 | Wallonia | 688 m² | 1 · 232 m² | 11.3 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
2 sitesFontaine-l'Evêque2.371.252.397
Montigny-le-Tilleul2.154.679.113
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SAMENWERKINGSVERBAND PVT VALCKEBURG
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Institut La Porte Ouverte de Blicquy
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Of 45 companies in sector 87203 we hold annual accounts for 38. 21 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formNon-profit association
Founded01-01-1968
Fiscal year end31-12
Activities, NACEBEL 2025
87203Residential care activities
Sources
Crossroads Bank for EnterprisesNational Bank · 20 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryPhone:071/515543