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 30 % of short-term debt in 2025; threshold 65 %.
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Figures corrected NBB
Corrected annual account filed for 2025.
Financials
Financial year 2025
COGHEN 77 from Waterloo, company number BE0447301642, closed financial year 2025 with a result of € -45,905 after tax. For that financial year COGHEN 77 recorded a gross margin of € -8,596 and equity of € 218,162. Compared with financial year 2024, the result moved from € 21,381 to € -45,905. The company made a loss. The company holds a healthy buffer. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on October 19, 2026.
€ 218,162
▼ 17% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -45,905
▼ still € 21,381 profit in 2024
Profit after tax over the fiscal year.
€ 132
▲ € 100 vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 156,662.
Debts at end 2025
€ 989,493
€ 769,058 is repaid this year. At this pace the long-term loan is gone in ≈ 1 years.
€ 52,110
▼ 35% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 38,129
▲ 40% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -50,559 | € -53,585 | € 23,441 | € -8,596 | ▼ € 32,038 |
| Profit after taxes | € -25,722 | € -35,822 | € 21,381 | € -45,905 | ▼ € 67,286 |
| Equity | € 278,509 | € 242,687 | € 264,068 | € 218,162 | ▼ 17% |
| Total debts | € 2,391,513 | € 1,712,329 | € 1,873,203 | € 1,967,808 | ▲ 5% |
| Cash | € 366,162 | € 1,292 | € 32 | € 132 | ▲ € 100 |
| Retained profit | € 217,009 | € 181,187 | € 202,568 | € 156,662 | ▼ 23% |
| Bank debt | € 1,065,000 | € 967,630 | € 991,496 | € 989,493 | |
| Balance sheet total | € 2,670,022 | € 1,955,016 | € 2,137,271 | € 2,185,971 | ▲ 2% |
Key figures of COGHEN 77, 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 COGHEN 77?
What happened at COGHEN 77 in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- LIVINGSTONES SRL stepped down as director. NBB
- IMMOTHEB SRL stepped down as director. NBB
- MC CONSULTING & INVESTMENT SRL stepped down as director. NBB
- Corrected annual accounts filed for financial year 2025. filed late Source: NBB ↗
- LIVINGSTONES SRL became a director. NBB
- IMMOTHEB SRL became a director. NBB
- MC CONSULTING & INVESTMENT SRL became a director. NBB
- New establishment in Waterloo. KBO
In short
From € 25,722 loss in 2022 to € 45,905 loss in 2025.
Paid € 22 in corporate taxes since 2022.
Best year ever: 2024, with € 21,381 profit.
Management
The stake of IMMOTHEB comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
COGHEN 77The shares are held by IMMOTHEB (0%).
Directors
According to the 2025 annual accounts
Director · represented by Marc CHARLES
since 2018 · until 2027
since 2018 · until 2027
MC CONSULTING & INVESTMENT SRL
Director · represented by Marc CHARLES
Also active at: GIA IMMOBILIER, LivingStones, Waterloo 108, GIA PARTNERS
since 2018 · until 2027
Shareholders
0%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Chaussée Bara 339
1410 Waterloo
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 8 companies are registered at this address.
All companies at this address →IMMO DUSSART
€ 99,995 gross margin · 2025
M.D.M. AND A
€ -28,886 gross margin · 2025
GIA IMMOBILIER same network
€ 60,084 gross margin · 2025
Immobilière Le Normandie 15
€ -8,584 gross margin · 2025
LivingStones same network
€ -733 gross margin · 2025
+3 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0447.301.642
- VAT number
- BE 0447.301.642
- Registered office
- Chaussée Bara 339, 1410 Waterloo
- Names & denominations
- COGHEN 77
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 27 April 1992
- Peppol
- Active · Active since 21 Dec 2025
- Activities · NACE
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