Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
-
Tight liquidity NBB
Cash and receivables cover 2 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
EXCOGES from Waimes, company number BE0461212531, closed financial year 2025 with a result of € 1,131 after tax. For that financial year EXCOGES recorded a gross margin of € 1,988 and equity of € -9,687. Compared with financial year 2024, the result moved from € 1,093 to € 1,131. Profitable, and profit is growing. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on September 25, 2025.
€ -9,687
▲ € 1,131 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 1,131
▲ 3% vs 2024
Profit after tax over the fiscal year.
€ 663
▲ 292% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € -28,279.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 424
▲ 6% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 1,635 | € 1,616 | € 1,922 | € 1,988 | ▲ 3% |
| Profit after taxes | € 1,271 | € 1,173 | € 1,093 | € 1,131 | ▲ 3% |
| Equity | € -13,083 | € -11,911 | € -10,818 | € -9,687 | ▲ € 1,131 |
| Total debts | € 43,729 | € 41,882 | € 40,867 | € 40,097 | ▼ 2% |
| Cash | € 898 | € 224 | € 169 | € 663 | ▲ 292% |
| Retained profit | € -31,675 | € -30,503 | € -29,410 | € -28,279 | ▲ € 1,131 |
| Balance sheet total | € 30,645 | € 29,971 | € 30,049 | € 30,410 | ▲ 1% |
Key figures of EXCOGES, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 28 September 2026.
What happened to EXCOGES?
What happened at EXCOGES in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 1,131 (▲ 3% vs 2024). Source: NBB ↗
- Roger LECOQ became a director. NBB
- Thomas LECOQ became a director. NBB
- New establishment in Waimes. KBO
- Start of the company according to the CBE. KBO
In short
From € 1,271 profit in 2022 to € 1,131 profit in 2025.
Paid € 875 in corporate taxes since 2022.
Best year ever: 2022, with € 1,271 profit.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind EXCOGES are Thomas LECOQ and Roger LECOQ. It owns 22% of TRAGECO BAT itself.
Directors
According to the 2025 annual accounts
since 2016
since 2018
Establishments
Establishment units
Physical locations of this company
Rue de la Litorne 7 box a
4950 Waimes
Rue de la Litorne 7 box A
4950 Waimes
Active since 29 August 1997
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0461.212.531
- VAT number
- BE 0461.212.531
- Registered office
- Rue de la Litorne 7 bus a, 4950 Waimes
- Names & denominations
- EXCOGES
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 25 August 1997
- Peppol
- Active · Active since 24 Dec 2025
- Activities · NACE
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