Financials
Financial year 2025
COGO MUSA from Liège, company number BE0676688826, closed financial year 2025 with a result of € 118,252 after tax. For that financial year COGO MUSA recorded a gross margin of € 249,197 and equity of € 247,153. Compared with financial year 2024, the result moved from € 112,087 to € 118,252. Profitable, and profit is growing. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on August 20, 2026.
€ 247,153
▼ 4% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 118,252
▲ 6% vs 2024
Profit after tax over the fiscal year.
€ 87,975
▲ 22% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 129,647 paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
0
Average over the fiscal year, from the social balance sheet.
€ 86,587
▼ 30% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 499,653
▼ 11% vs 2024
€ 59,994 is repaid this year. At this pace the long-term loan is gone in ≈ 8 years.
€ 1,547
▼ 55% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 37,608
▲ 61% 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 | € 183,983 | € 199,850 | € 256,013 | € 249,197 | ▼ 3% |
| Profit after taxes | € 69,066 | € 91,228 | € 112,087 | € 118,252 | ▲ 6% |
| Equity | € 121,243 | € 196,941 | € 258,548 | € 247,153 | ▼ 4% |
| Total debts | € 715,015 | € 648,380 | € 661,255 | € 706,725 | ▲ 7% |
| Cash | € 24,894 | € 61,857 | € 71,993 | € 87,975 | ▲ 22% |
| Land & buildings | € 705,727 | € 673,129 | € 640,532 | € 608,583 | ▼ 5% |
| Retained profit | € 102,643 | € 178,341 | € 239,948 | € 228,553 | ▼ 5% |
| Dividend | € 29,500 | € 15,529 | € 50,480 | € 129,647 | ▲ 157% |
| Bank debt | € 599,935 | € 543,948 | € 558,295 | € 499,653 | ▼ 11% |
| Balance sheet total | € 836,258 | € 845,321 | € 919,803 | € 953,878 | ▲ 4% |
Key figures of COGO MUSA, 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 COGO MUSA?
What happened at COGO MUSA in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 118,252 (▲ 6% vs 2024). filed late Source: NBB ↗
- New establishment in Liège. KBO
- TURKAN CAVAS became a director. NBB
- Musa COGO became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 69,066 profit in 2022 to € 118,252 profit in 2025.
Paid € 118,041 in corporate taxes since 2022.
Best year ever: 2025, with € 118,252 profit.
Paid out € 225,157 in dividends to the owners in total.
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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 COGO MUSA are TURKAN CAVAS and Musa COGO. The shares are held by TURKAN CAVAS and Musa COGO.
Directors
According to the 2025 annual accounts
since 2017
Shareholders
TURKAN CAVAS · director
Musa COGO · director
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Place Reine-Astrid 3
4000 Liège
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0676.688.826
- VAT number
- BE 0676.688.826
- Registered office
- Place Reine-Astrid 3, 4000 Liège
- Names & denominations
- COGO MUSA
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 9 June 2017
- Peppol
- Active · Active since 17 Jul 2025
- Activities · NACE
Zagen en schaven van hout
Groothandel in gereedschapswerktuigen