ACTIVE

COGANG

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Financial year 2025 · closed on 31/03/2025

Net result

1,4 M €

+0.7% YoY

Gross margin

59,5 k €

+2.9% YoY

Equity

6,5 M €

+27.0% YoY

What does COGANG do?

COGANG is a Private limited company incorporated in 1996. Its main activity is: Management consultancy activities. Its registered office is in Heist-op-den-Berg.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0459.210.866

Incorporation

14/11/1996

Legal form

Private limited company

Registered office

René Lambrechtsstraat 11
2220 Heist-op-den-Berg · FlandreSee on map

Contributed capital

232 600,00 €

Latest accounts

31/03/2025

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 74142Specialised design activities

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008
Income statement
Gross margin	59,5 k €	+2.9%	57,8 k €	+576%	8,6 k €	-86.2%	62,2 k €	-78.6%	290,8 k €	+913%	28,7 k €	-31.9%	42,2 k €	+29.1%	32,7 k €	+189%	11,3 k €	+205%	-10,8 k €	-281%	5,9 k €	+108%	-71 k €	+61.6%	-184,7 k €	-265%	111,8 k €	+7.2%	104,4 k €	-52.7%	220,7 k €	+127%	97,2 k €	-31.7%	142,3 k €
EBITDA	58,3 k €	+2.9%	56,7 k €	+653%	7,5 k €	-87.7%	61,2 k €	-78.7%	287,4 k €	+1016%	25,8 k €	-30.7%	37,2 k €	+44.1%	25,8 k €	+3968%	633,9 €	+103%	-21,6 k €	-1507%	1,5 k €	+102%	-80,9 k €	-240%	-23,8 k €	-122%	109,1 k €	+23.1%	88,6 k €	-6.2%	94,5 k €	+4.1%	90,7 k €	-33.9%	137,3 k €
Operating result	40,6 k €	+9.4%	37,1 k €	+375%	-13,5 k €	-134%	39,6 k €	-85.2%	268,6 k €	+2074%	12,4 k €	-54.0%	26,9 k €	+73.5%	15,5 k €	+252%	-10,2 k €	+68.9%	-32,7 k €	-220%	-10,2 k €	+89.4%	-96,1 k €	-149%	-38,6 k €	-141%	94,1 k €	+20.5%	78,1 k €	-5.8%	82,9 k €	+9.0%	76,1 k €	-29.7%	108,2 k €
Net result	1,4 M €	+0.7%	1,4 M €	-9.2%	1,5 M €	+66.7%	901,4 k €	+112%	424,9 k €	+31.0%	324,4 k €	+5.9%	306,4 k €	+71.6%	178,5 k €	+173%	65,3 k €	+194%	-69,7 k €	-37.3%	-50,7 k €	+63.5%	-138,9 k €	-173%	-50,8 k €	-145%	113,7 k €	+4307%	2,6 k €	-95.4%	55,6 k €	+21.2%	45,9 k €	+43.1%	32,1 k €
Balance sheet
Equity	6,5 M €	+27.0%	5,1 M €	+36.6%	3,7 M €	+67.5%	2,2 M €	+68.1%	1,3 M €	+4.5%	1,3 M €	+34.4%	942 k €	+48.2%	635,6 k €	+39.1%	457 k €	+16.7%	391,7 k €	-15.1%	461,4 k €	-9.9%	512,1 k €	-21.3%	651 k €	-7.2%	701,9 k €	-12.7%	804,1 k €	+63.6%	491,5 k €	+12.8%	435,9 k €	+6.8%	408 k €
Total assets	7,5 M €	+14.0%	6,6 M €	+36.5%	4,9 M €	-7.9%	5,3 M €	+274%	1,4 M €	-1.0%	1,4 M €	+34.3%	1,1 M €	-3.5%	1,1 M €	+8.5%	1 M €	+0.5%	1 M €	-17.4%	1,2 M €	-6.7%	1,3 M €	-11.7%	1,5 M €	-8.2%	1,6 M €	-5.6%	1,7 M €	+4.3%	1,6 M €	+40.9%	1,2 M €	+2.2%	1,1 M €
Cash	624,6 k €	+70.6%	366,1 k €	-68.1%	1,1 M €	+125%	509,9 k €	+100%	254,3 k €	-12.2%	289,6 k €	+125%	128,5 k €	+3697%	3,4 k €	-98.1%	173,5 k €	+360%	37,7 k €	-39.8%	62,6 k €	+212%	20,1 k €	+250%	5,7 k €	-72.2%	20,7 k €	-68.7%	65,9 k €	+925%	6,4 k €	-18.8%	7,9 k €	-59.8%	19,7 k €
Debts	1,1 M €	-29.0%	1,5 M €	+36.1%	1,1 M €	-63.1%	3 M €	+3524%	84 k €	-46.2%	155,9 k €	+33.2%	117 k €	-73.3%	438,2 k €	-15.7%	520 k €	-10.3%	579,7 k €	-19.8%	722,4 k €	-4.0%	752,4 k €	-4.5%	787,8 k €	+16.0%	679,1 k €	+4.2%	651,7 k €	-29.9%	929,6 k €	+41.6%	656,7 k €	+4.6%	627,9 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		0,7 ETP	+250%	0,2 ETP	-81.8%	1,1 ETP	+120%	0,5 ETP		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/03/2025 · 1 active · 6 ended

Active mandates

GEERT COPPENS

Director

Active

Ended mandates

LIEVE DE HAES

Manager · since 01 janvier 2009

Ended

GEERT COPPENS

Manager

Ended

LIEVE DE HAES

Director

Ended

LIEVE DE HAES

Manager · until 27 juin 2007

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/04/2024	01/04/2023	01/04/2022	01/04/2021	01/04/2020	01/04/2019
Closing of the financial year	31/03/2025	31/03/2024	31/03/2023	31/03/2022	31/03/2021	31/03/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	28/11/2025	28/11/2024	12/12/2023	16/11/2022	04/11/2021	26/11/2020
General meeting	06/09/2025	07/09/2024	02/09/2023	03/09/2022	04/09/2021	05/09/2020
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

18 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/03/2025	06/09/2025	28/11/2025	Dutch	PDF
Abridged model	31/03/2024	07/09/2024	28/11/2024	Dutch	PDF
Micro model	31/03/2023	02/09/2023	12/12/2023	Dutch	PDF
Micro model	31/03/2022	03/09/2022	16/11/2022	Dutch	PDF
Micro model	31/03/2021	04/09/2021	04/11/2021	Dutch	PDF
Micro model	31/03/2020	05/09/2020	26/11/2020	Dutch	PDF
Micro model	31/03/2019	07/09/2019	25/11/2019	Dutch	PDF
Micro model	31/03/2018	01/09/2018	13/11/2018	Dutch	PDF
Micro model	31/03/2017	02/09/2017	31/10/2017	Dutch	PDF
Abridged model	31/03/2016	03/09/2016	29/11/2016	Dutch	PDF
Abridged model	31/03/2015	05/09/2015	06/10/2015	Dutch	PDF
Abridged model	31/03/2014	06/09/2014	27/10/2014	Dutch	PDF
Abridged model	31/03/2013	07/09/2013	20/11/2013	Dutch	PDF
Abridged model	31/03/2012	01/09/2012	19/11/2012	Dutch	PDF
Abridged model	31/03/2011	03/09/2011	10/11/2011	Dutch	PDF
Abridged model	31/03/2010	04/09/2010	29/10/2010	Dutch	PDF
Abridged model	31/03/2009	05/09/2009	29/10/2009	Dutch	PDF
Abridged model	31/03/2008	06/09/2008	27/10/2008	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/03/2025 · 1 active · 6 ended

Active mandates

GEERT COPPENS

Director

Active

Ended mandates

LIEVE DE HAES

Manager · since 01 janvier 2009

Ended

GEERT COPPENS

Manager

Ended

LIEVE DE HAES

Director

Ended

LIEVE DE HAES

Manager · until 27 juin 2007

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates30/12/2020
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN - KAPITAAL - AANDELEN
PDF
Mandates06/03/2013
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares15/04/2011
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates27/02/2009
ONTSLAGEN - BENOEMINGEN
PDF
Mandates17/07/2007
BOEKJAAR - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Capital / shares10/06/2005
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates03/12/2003
ONTSLAGEN - BENOEMINGEN
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 20251,4 M €↑
2024
Annual accounts 20241,4 M €↓
2023
Annual accounts 20231,5 M €↑
2022
Annual accounts 2022901,4 k €↑
2021
Annual accounts 2021424,9 k €↑
2020
Annual accounts 2020324,4 k €↑
2019
Annual accounts 2019306,4 k €↑
2018
Annual accounts 2018178,5 k €↑
2017
Annual accounts 201765,3 k €↑
2016
Annual accounts 2016-69,7 k €↓
2015
Annual accounts 2015-50,7 k €↑
2014
Annual accounts 2014-138,9 k €↓
2013
Annual accounts 2013-50,8 k €↓
2012
Annual accounts 2012113,7 k €↑
2011
Annual accounts 20112,6 k €↓
2010
Annual accounts 201055,6 k €↑
2009
Annual accounts 200945,9 k €↑
2008
Annual accounts 200832,1 k €
14/11/1996
IncorporationPrivate limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

COGANG

Overview

What does COGANG do?

Trend over 18 financial years

Indicative valuation

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline