The effect of germanium doping on the structural, magnetic, elastic and optical properties of the LiMgPdSn-type CoFeZrSi1-xGex alloys is predicted by utilizing ab initio density functional theory (DFT) with the generalized gradient approximation (GGA) and the electronic properties of the materials are investigated by using the generalized gradient approximation plus Hubbard coefficient (GGA + U). The estimated elevated lattice constant of CoFeZrGe compound agrees with existing theoretical data. The optimized lattice constants of CoFeZrSi1-xGex(x = 0, 0.25, 0.50, 0.75) are 5.9022, 5.9631, 5.9752 and 5.9973 angstrom, respectively. These have been investigated for the very first time. The elastic symmetry (C-11, C-12, C-13, C-33, C-44 and C-66), bulk modulus, shear modulus, Poisson's ratio, anisotropy and Pugh ratio (B/G) are predicted and discussed. The calculation of band structure and density of states reveal that the materials considered have half-metallic behavior with 100% spin-polarization. The calculated magnetic moments of CoFeZrSi1-xGex are 0.99, 1.06, 1.02, 1.00 and 1.01 mu(B), respectively, and agree with the SP rule, M-t = N-V - 24. The analysis of the elastic moduli indicates that the compounds are mechanically stable with a ductile nature. The CoFeZrSi0.5Ge0.5 alloy is stiffer than the other compounds considered. Moreover, the dielectric functions, optical conductivity, reflectivity and absorption coefficient of CoFeZrSi1-xGex compounds are predicted by using complex dielectric functions.