COGAR
ActiveCOGAR has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €20k and a net result of €-2k. Equity is growing by ~3.2% per year across the filed fiscal years. Its solvency ranks better than 44% of 17964 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-40
Solvency42▲+1
Growth52=
Stability100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity tight (current ratio 1.03 against 1.01 in 2024), and 73% 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 · 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
27%
Return on assets
-2.8%
Age of the figures
13 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-07-2025 was due by 28-02-2026 and was filed on 19-12-2025, 71 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
71 d early
2024
81 d early
2023
94 d early
2022
90 d early
2021
75 d early
2020
87 d early
2019
86 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-07-2026 and is due by 28-02-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-07-2026 close12-09-2026 today28-02-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-2k
2024 · €2k
2019: €8k
2020: €-170
2021: €-6k
2022: €11k
2023: €-3k
2024: €2k
2019 → 2025
Working capital
€2k▲ 171%
2024 · €573
2019: €14k
2020: €9k
2021: €6k
2022: €13k
2023: €10k
2024: €573
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€13k-€24k▲ 87.6%€21k▼ 12.0%€22k▲ 8.8%€20k▼ 9.5%
Operating result€-4k-€18k€3k▼ 84.0%€5k▲ 92.0%€2k▼ 72.3%
Net result€-6k-€11k€-3k€2k€-2k
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 72% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €75k
Fixed assets
€19k▼ 41.7%
Current assets
€56k▲ 8.0%
Equity and liabilities €75k
Equity
€20k▼ 9.5%
Debt
€55k▼ 12.1%
The debt ratio falls from 73.6% to 73.0%: debt falls faster than equity shrinks.
Key figures and ratios
EBITDA
€15k▼
2024 · €18k
Cash flow
€12k▼
2024 · €15k
Solvency
27.0%▲
2024 · 26.4%
Current ratio
1.03▲
2024 · 1.01
Quick ratio
0.27▲
2024 · 0.20
Debt / equity
2.71▼
2024 · 2.79
ROE
-10.5%▼
2024 · 8.1%
ROA
-2.8%▼
2024 · 2.1%
Interest coverage
10.11▲
2024 · 8.42
Debt
€55k▼
2024 · €63k
Debt ≤ 1 year
€55k▲
2024 · €51k
Debt > 1 year
€590▼
2024 · €11k
Income taxes
€2k▲
2024 · €1k
Staff costs
€56k▲
2024 · €53k
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€85k€75k▼
Fixed assets21/28€33k€19k▼
Tangible fixed assets22/27€29k€15k▼
Plant, machinery and equipment23€372€88▼
Leasing and similar rights25€28k€15k▼
Financial fixed assets28€5k€5k=
Current assets29/58€52k€56k▲
Stocks and contracts in progress3€42k€41k▼
Stocks30/36€42k€41k▼
Amounts receivable within one year40/41€2k€617▼
Trade receivables40€121-
Other amounts receivable41€2k€617▼
Cash at bank and in hand54/58€5k€11k▲
Deferred charges and accrued income490/1€3k€3k▼
Equity and liabilities
Total equity and liabilities10/49€85k€75k▼
Equity10/15€22k€20k▼
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€2k€-111▼
Amounts payable17/49€63k€55k▼
Amounts payable after more than one year17€11k€590▼
Financial debts170/4€11k€590▼
Amounts payable within one year42/48€51k€55k▲
Current portion of amounts payable after more than one year42€10k€11k▲
Trade debts44€36k€39k▲
Suppliers440/4€36k€39k▲
Taxes, remuneration and social security45€6k€5k▼
Taxes450/3€801€522▼
Remuneration and social security454/9€5k€4k▼
Other amounts payable47/48€20€20=
Income statement
Code20242025
Remuneration, social security and pensions62€53k€56k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13k€14k▲
Other operating charges640/8€2k€2k▼
Gross operating margin9900€74k€73k▼
Operating profit (loss)9901€5k€2k▼
Financial income75/76B€5€2▼
Recurring financial income75€5€2▼
Financial charges65/66B€2k€2k▼
Recurring financial charges65€2k€2k▼
Profit (loss) for the period before taxes9903€3k€-2▼
Income taxes67/77€1k€2k▲
Profit (loss) for the period9904€2k€-2k▼
Profit (loss) for the period to be appropriated9905€2k€-2k▼
Appropriation of the result
Profit (loss) to be appropriated9906€2k€-111▼
Profit (loss) brought forward from the previous period14P€223€2k▲
The notes to these accounts (8 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
01-09
State Gazette act
General meeting · Mandate compensationGeneral meeting · Mandate compensation · Mandate compensation effective date4 facts ▸
State Gazette act
General meeting · Mandate compensation
General meeting · Mandate compensation · Mandate compensation effective date4 facts ▸
- General meeting, 2026-05-04
- Mandate compensation, Michel GARWIG
- Mandate compensation, Pascal GARWIG
- Mandate compensation effective date, 2026-05-01
2025
19-12
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
09-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
31-07
Financial
Back to profitnet €2k
Net result €2k after one loss-making year.
2023
27-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
30-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
31-07
Financial
Back to profitnet €11k
Net result €11k after 2 loss-making years.
2021
15-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
31-07
Financial
Weakest financial yearnet €-6k
Net result drops to €-6k, the lowest in the series; recovery starts the following year.
2020
03-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2019
05-12
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2018
07-12
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
17-01
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
03-01
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Ecaussinnes · 1 establishment unit since 1988
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 de Courrière-lez-Ville 297190 EcaussinnesGround area
4,196 m²
Building footprint
285 m²
Volume, LiDAR
767 m³
2 parcels, Wallonia · tallest building 12.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
JET
since 19882.038.892.290
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25076F0006/00S005 | Wallonia | 3,200 m² | 1 · 156 m² | 12.8 m · 2 fl. |
| 55024C0427/00W000 | Wallonia | 996 m² | 1 · 129 m² | - |
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.
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MILIASI
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MORTSEL CAR SERVICES
BE 0599.977.761
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MASKOUR
BE 1000.032.089
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SEA
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Kraainem · Eq €21k
Of 1,262 companies in sector 47300 we hold annual accounts for 945. 540 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded10-06-1988
Fiscal year end31-07
Activities, NACEBEL
47300Retail sale of automotive fuel
47521Retail sale of hardware, building materials, paint and glass (general range)
52462
Sources
Crossroads Bank for EnterprisesNational Bank · 37 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.