Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 64 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Baucory-COGA from Montigny-le-Tilleul, company number BE0407810071, closed financial year 2025 with a result of € 611,066 after tax. Compared with financial year 2024, the result moved from € 1.1 million to € 611,066. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on May 28, 2026.
€ 6.8 million
▲ 9% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 611,066
▼ 42% vs 2024
Profit after tax over the fiscal year.
€ 684,088
▼ 4% vs 2024
Cash and bank balances on the last day of the fiscal year.
People and assets in 2025
88.1
▲ 1.5 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 6.6 million
▲ 4% vs 2024
€ 74,800 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 275,380
▲ 2% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 4.3 million
▲ 91% vs 2024
€ 271,752 is repaid this year. At this pace the long-term loan is gone in ≈ 16 years.
€ 80,944
▲ 49% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 19 days on average.
€ 868,738
▼ 4% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 6,067,267 | € 7,383,187 | - | - | |
| Profit after taxes | € 70,792 | € 798,958 | € 1,061,990 | € 611,066 | ▼ 42% |
| Equity | € 4,450,802 | € 5,211,254 | € 6,235,933 | € 6,811,189 | ▲ 9% |
| Total debts | € 4,246,808 | € 3,640,764 | € 3,643,869 | € 5,650,946 | ▲ 55% |
| Cash | € 1,000,931 | € 949,977 | € 709,986 | € 684,088 | ▼ 4% |
| Land & buildings | € 5,033,595 | € 4,963,550 | € 4,933,635 | € 7,035,401 | ▲ 43% |
| Retained profit | € 3,279,216 | € 4,078,174 | € 5,140,164 | € 5,751,230 | ▲ 12% |
| Bank debt | € 2,275,012 | € 2,004,249 | € 2,220,413 | € 4,251,587 | ▲ 91% |
| Balance sheet total | € 8,697,610 | € 8,852,018 | € 9,879,803 | € 12,462,135 | ▲ 26% |
| Employees (FTE) | 82.9 | 85.4 | 86.6 | 88.1 | ▲ 1.5 |
Key figures of Baucory-COGA, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to Baucory-COGA?
What happened at Baucory-COGA in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 611,066 (▼ 42% vs 2024). Source: NBB ↗
- New establishment in Fontaine-l'Evêque. KBO
- New establishment in Montigny-le-Tilleul. KBO
- Start of the company according to the CBE. KBO
In short
From € 70,792 profit in 2022 to € 611,066 profit in 2025.
Paid € 9,849 in corporate taxes since 2022.
Best year ever: 2024, with € 1.1 million profit.
On average € 86,500 of value added per employee in 2023.
Establishments
Establishment units
Physical locations of this company
Rue Bois Frion 101
6110 Montigny-le-Tilleul
Rue de l'Abbaye d'Aulne(LEE) 1 box C
6142 Fontaine-l'Evêque
Active since 1 January 2022
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0407.810.071
- VAT number
- BE 0407.810.071
- Registered office
- Rue Bois Frion 101, 6110 Montigny-le-Tilleul
- Names & denominations
- Baucory-COGA
- Enterprise type
- Rechtspersoon
- Legal form
- Non-profit association
- Legal situation
- Normale toestand
- Start date
- 1 January 1968
- Peppol
- Active · Active since 27 Mar 2026
- Activities · NACE
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