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 17 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
COYGHEM from Kortrijk, company number BE0808846376, closed financial year 2025 with a result of € 1.1 million after tax. For that financial year COYGHEM recorded a gross margin of € 47,822 and equity of € 1.3 million. Compared with financial year 2024, the result moved from € 140,034 to € 1.1 million. Profitable, and profit is growing. 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 June 26, 2026.
€ 1.3 million
▲ 94% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 1.1 million
▲ € 961,416 vs 2024
Profit after tax over the fiscal year.
€ 74,904
▼ 50% 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 € 1.3 million.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 1,391
▼ 85% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 140,014
▲ € 132,464 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 | € 44,245 | € 174,329 | € 236,143 | € 47,822 | ▼ 80% |
| Profit after taxes | € 21,621 | € 118,233 | € 140,034 | € 1,101,450 | ▲ € 961,416 |
| Equity | € 594,118 | € 712,351 | € 682,810 | € 1,323,728 | ▲ 94% |
| Total debts | € 468,716 | € 319,756 | € 429,518 | € 519,788 | ▲ 21% |
| Cash | € 81,132 | € 24,929 | € 150,964 | € 74,904 | ▼ 50% |
| Land & buildings | € 947 | € 473 | € 0 | - | |
| Retained profit | € 133,586 | € 251,819 | € 222,278 | € 1,323,728 | ▲ € 1.1 million |
| Dividend | € 0 | € 0 | € 169,575 | € 0 | ▼ 100% |
| Balance sheet total | € 1,062,834 | € 1,032,106 | € 1,112,328 | € 1,843,516 | ▲ 66% |
Key figures of COYGHEM, 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 COYGHEM?
What happened at COYGHEM in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 1.1 million (▲ € 961,416 vs 2024). Source: NBB ↗
- New establishment in Kortrijk. KBO
- Start of the company according to the CBE. KBO
- Patrick De Vos became a director. NBB
In short
From € 21,621 profit in 2022 to € 1.1 million profit in 2025.
Paid € 231,640 in corporate taxes since 2022.
Best year ever: 2025, with € 1.1 million profit.
Paid out € 169,575 in dividends to the owners in total.
Management
Behind COYGHEM is Patrick De Vos. Patrick De Vos is also behind WORLD OF TRAVEL.
Directors
According to the 2025 annual accounts
since 2009
Establishments
Establishment units
Physical locations of this company
Koninklijkestraat(Koo) 44
8510 Kortrijk
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0808.846.376
- VAT number
- BE 0808.846.376
- Registered office
- Koninklijkestraat(Koo) 44, 8510 Kortrijk
- Names & denominations
- COYGHEM
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 6 January 2009
- Peppol
- Active · Active since 28 Jan 2026
- Activities · NACE
Activiteiten van hoofdkantoren
Overige zakelijke dienstverlening, neg