ACTIVE

CNOCKAERT

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Financial year 2025 · closed on 31/03/2025

Net result

627,9 k €

-12.6% YoY

Revenue

27,6 M €

+4.6% YoY

Equity

10,2 M €

+2.3% YoY

Workforce

60,6 ETP

+1.2% YoY

What does CNOCKAERT do?

CNOCKAERT is a Public limited company incorporated in 1954. Its main activity is: Construction of roads and motorways. Its registered office is in Comines-Warneton. It employs on average 60,6 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0405.469.304

Incorporation

29/05/1954

Legal form

Public limited company

Registered office

Chemin de Langemarcq(COM) S/N
7780 Comines-Warneton · Wallonie

Contributed capital

409 000,00 €

Latest accounts

31/03/2025

Average workforce

60,6 ETP

Activities (NACE)

42110Construction of roads and motorways· main 42110Construction of roads and motorways 45230Maintenance and repair of motor vehicles

Joint committees (3)

Contacts

3 public details availableLog in to view

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 16 financial years

	2025		2024		2023		2022		2019		2018		2017		2016		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Revenue	27,6 M €	+4.6%	26,4 M €	-2.8%	27,2 M €	+30.7%	20,8 M €	-4.6%	21,8 M €	+8.5%	20,1 M €	+23.1%	16,3 M €	-53.3%	35 M €	+102%	17,3 M €	-14.7%	20,3 M €	+21.3%	16,7 M €	+16.7%	14,3 M €	-3.7%	14,9 M €	-3.6%	15,5 M €	+15.9%	13,3 M €	+36.9%	9,7 M €
EBITDA	2 M €	+8.2%	1,9 M €	-9.0%	2,1 M €	+18.8%	1,7 M €	-11.1%	1,9 M €	+29.6%	1,5 M €	+112%	707,4 k €	-67.8%	2,2 M €	+175%	797,3 k €	-50.0%	1,6 M €	+36.7%	1,2 M €	-11.5%	1,3 M €	-12.8%	1,5 M €	-21.4%	1,9 M €	+33.7%	1,4 M €	-28.7%	2 M €
Operating result	801,8 k €	-11.5%	906,3 k €	-20.2%	1,1 M €	+45.7%	779,5 k €	+30.8%	595,8 k €	-28.5%	833 k €	+459%	149 k €	-81.5%	805,6 k €	+1645%	46,2 k €	-94.1%	779 k €	+217%	245,5 k €	+34.7%	182,3 k €	-59.7%	451,7 k €	-43.2%	795,1 k €	+51.1%	526,1 k €	-52.6%	1,1 M €
Net result	627,9 k €	-12.6%	718,7 k €	-26.8%	982 k €	+32.5%	740,9 k €	+36.3%	543,7 k €	-23.1%	707,1 k €	+134%	302 k €	-75.7%	1,2 M €	+184%	437,8 k €	-58.1%	1 M €	+84.8%	566,1 k €	+31.9%	429,3 k €	-37.2%	683,1 k €	-34.0%	1 M €	+20.8%	857,6 k €	-28.9%	1,2 M €
Balance sheet
Equity	10,2 M €	+2.3%	10 M €	+7.8%	9,2 M €	+4.3%	8,9 M €	+9.7%	8,1 M €	+3.3%	7,8 M €	+5.5%	7,4 M €	+0.0%	7,4 M €	+0.7%	7,4 M €	+2.6%	7,2 M €	+6.6%	6,7 M €	+1.0%	6,7 M €	-19.5%	8,3 M €	-8.0%	9 M €	+10.3%	8,2 M €	+8.4%	7,5 M €
Total assets	20,3 M €	+9.6%	18,5 M €	-4.7%	19,4 M €	+17.5%	16,5 M €	-13.0%	19 M €	+16.1%	16,4 M €	+13.0%	14,5 M €	-14.2%	16,9 M €	+10.3%	15,3 M €	-11.1%	17,2 M €	+1.0%	17 M €	-9.5%	18,8 M €	+20.3%	15,6 M €	-11.6%	17,7 M €	+0.9%	17,5 M €	+26.3%	13,9 M €
Cash	1,8 M €	+80.8%	998,3 k €	+12.7%	886 k €	+3.5%	855,9 k €	-27.8%	1,2 M €	+95.0%	608,4 k €	-59.8%	1,5 M €	-35.2%	2,3 M €	+138%	980,6 k €	+40.0%	700,6 k €	+21.3%	577,7 k €	-19.4%	716,8 k €	-58.1%	1,7 M €	-15.6%	2 M €	+18.5%	1,7 M €	+215%	542,3 k €
Debts	9,5 M €	+19.0%	8 M €	-17.6%	9,7 M €	+34.7%	7,2 M €	-30.7%	10,4 M €	+28.9%	8,1 M €	+23.2%	6,6 M €	-25.9%	8,9 M €	+20.4%	7,4 M €	-18.6%	9,1 M €	-1.9%	9,2 M €	-16.2%	11 M €	+76.3%	6,2 M €	-18.8%	7,7 M €	-8.0%	8,4 M €	+57.0%	5,3 M €
Other
Workforce	60,6 ETP	+1.2%	59,9 ETP	+12.6%	53,2 ETP	+10.1%	48,3 ETP	+12.1%	43,1 ETP	+9.9%	39,2 ETP	+1.6%	38,6 ETP	-13.5%	44,6 ETP	-19.9%	55,7 ETP	-16.4%	66,6 ETP	+9.9%	60,6 ETP	+8.6%	55,8 ETP	+4.7%	53,3 ETP	-0.4%	53,5 ETP	-5.3%	56,5 ETP	-2.6%	58,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/03/2025 · 2 active · 17 ended

Active mandates

CNOCKAERT CONSTRUCT

Managing director · 0832.035.217

Represented by Frank Cnockaert

Active

VOSSACO

Managing director · 0475.344.342

Represented by Caroline Combes

Active

Ended mandates

CNOCKAERT CONSTRUCT

Managing director · since 29 septembre 2018 · until 19 septembre 2024 · 0832.035.217

Represented by Frank Cnockaert

Ended

VOSSACO

Director · since 29 septembre 2018 · until 19 septembre 2024 · 0475.344.342

Represented by Caroline Combes

Ended

CNOCKAERT CONSTRUCT

Managing director · since 30 octobre 2012 · 0832.035.217

Represented by Frank Cnockaert

Ended

VOSSACO

Director · since 22 décembre 2010 · 0475.344.342

Represented by Caroline Combes

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full 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	29/10/2025	14/11/2024	19/10/2023	13/10/2022	15/11/2021	29/10/2020
General meeting	30/09/2025	15/10/2024	21/09/2023	15/09/2022	30/09/2021	30/09/2020
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
Full model	31/03/2025	30/09/2025	29/10/2025	French	PDF
Full model	31/03/2024	15/10/2024	14/11/2024	French	PDF
Full model	31/03/2023	21/09/2023	19/10/2023	French	PDF
Full model	31/03/2022	15/09/2022	13/10/2022	French	PDF
Full model	31/03/2021	30/09/2021	15/11/2021	French	PDF
Full model	31/03/2020	30/09/2020	29/10/2020	French	PDF
Full model	31/03/2019	19/09/2019	17/10/2019	French	PDF
Full model	31/03/2018	29/09/2018	19/10/2018	French	PDF
Full model	31/03/2017	26/09/2017	15/11/2017	French	PDF
Full model	31/03/2016	30/09/2016	28/10/2016	French	PDF
Full model	30/04/2014	23/10/2014	21/11/2014	French	PDF
Full model	30/04/2013	14/10/2013	19/12/2013	French	PDF
Full model	30/04/2012	30/10/2012	29/11/2012	French	PDF
Full model	30/04/2011	28/10/2011	21/11/2011	French	PDF
Full model	30/04/2010	28/01/2011	08/02/2011	French	PDF
Full model	30/04/2009	01/09/2009	27/11/2009	French	PDF
Full model	30/04/2008	02/09/2008	18/12/2008	French	PDF
Full model	30/04/2007	04/09/2007	17/12/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 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 · 2 active · 17 ended

Active mandates

CNOCKAERT CONSTRUCT

Managing director · 0832.035.217

Represented by Frank Cnockaert

Active

VOSSACO

Managing director · 0475.344.342

Represented by Caroline Combes

Active

Ended mandates

CNOCKAERT CONSTRUCT

Managing director · since 29 septembre 2018 · until 19 septembre 2024 · 0832.035.217

Represented by Frank Cnockaert

Ended

VOSSACO

Director · since 29 septembre 2018 · until 19 septembre 2024 · 0475.344.342

Represented by Caroline Combes

Ended

CNOCKAERT CONSTRUCT

Managing director · since 30 octobre 2012 · 0832.035.217

Represented by Frank Cnockaert

Ended

VOSSACO

Director · since 22 décembre 2010 · 0475.344.342

Represented by Caroline Combes

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates23/02/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates22/01/2019
DEMISSIONS, NOMINATIONS
PDF
Other13/05/2015
ASSEMBLEE GENERALE - ANNEE COMPTABLE
PDF
Mandates27/02/2013
DEMISSIONS, NOMINATIONS
PDF
Other02/02/2011
DIVERS
PDF
Mandates14/01/2011
DEMISSIONS, NOMINATIONS
PDF
Mandates24/09/2007
CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates17/12/2002
DEMISSIONS, NOMINATIONS
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 2025627,9 k €↓
2024
Annual accounts 2024718,7 k €↓
2023
Annual accounts 2023982 k €↑
2022
Annual accounts 2022740,9 k €↑
2019
Annual accounts 2019543,7 k €↓
2018
Annual accounts 2018707,1 k €↑
2017
Annual accounts 2017302 k €↓
2016
Annual accounts 20161,2 M €↑
2014
Annual accounts 2014437,8 k €↓
2013
Annual accounts 20131 M €↑
2012
Annual accounts 2012566,1 k €↑
2011
Annual accounts 2011429,3 k €↓
2010
Annual accounts 2010683,1 k €↓
2009
Annual accounts 20091 M €↑
2008
Annual accounts 2008857,6 k €↓
2007
Annual accounts 20071,2 M €
29/05/1954
IncorporationPublic 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

CNOCKAERT

Overview

What does CNOCKAERT do?

Trend over 16 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