ACTIVE

Cobelfret

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Financial year 2024 · closed on 31/12/2024

Net result

18 M €

+672.2% YoY

Revenue

249,1 M €

+49.6% YoY

Equity

53,8 M €

+50.5% YoY

Workforce

36,3 ETP

-30.7% YoY

What does Cobelfret do?

Cobelfret is a Public limited company incorporated in 1976. Its registered office is in Antwerpen. It employs on average 36,3 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0416.221.852

Incorporation

19/05/1976

Legal form

Public limited company

Registered office

Sneeuwbeslaan 14
2610 Antwerpen · FlandreSee on map

Contributed capital

16 000 000,00 €

Latest accounts

31/12/2024

Average workforce

36,3 ETP

Joint committees (2)

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 19 financial years

	2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Revenue	249,1 M €	+49.6%	166,5 M €	+10.4%	150,8 M €	+387%	31 M €		–		–		–		–		7,1 M €	-83.6%	43,4 M €	-42.2%	75 M €	-1.1%	75,8 M €	-8.5%	82,8 M €	-20.2%	103,8 M €	-11.7%	117,6 M €	+61.8%	72,7 M €	-67.5%	223,5 M €	+14.1%	195,9 M €	-1.2%	198,3 M €
EBITDA	16,6 M €	+289%	-8,8 M €	-132%	27,8 M €	+277%	7,4 M €	+12077%	-61,5 k €	-128%	220,9 k €	-51.0%	450,4 k €	+182%	-546,3 k €	-216%	470,5 k €	+108%	-6,1 M €	-32.3%	-4,6 M €	-139%	11,8 M €	+32.3%	8,9 M €	-73.9%	34,3 M €	-14.8%	40,2 M €	+28.2%	31,4 M €	-76.7%	134,6 M €	+30.8%	102,9 M €	+52.2%	67,6 M €
Operating result	17,4 M €	+607%	2,5 M €	-72.7%	9 M €	+46.2%	6,2 M €	+1890%	-344,5 k €	-462%	-61,3 k €	-137%	167,8 k €	+116%	-1,1 M €	-35.8%	-773,5 k €	+90.2%	-7,9 M €	-20.4%	-6,6 M €	-165%	10 M €	+56.2%	6,4 M €	-78.7%	30,2 M €	-19.1%	37,3 M €	+51.3%	24,6 M €	-80.7%	127,9 M €	+30.4%	98,1 M €	+63.3%	60,1 M €
Net result	18 M €	+672%	2,3 M €	-77.0%	10,2 M €	+65.9%	6,1 M €	+2151%	-298,5 k €	-161%	488,4 k €	+209%	157,9 k €	+110%	-1,5 M €	+41.9%	-2,6 M €	+59.1%	-6,4 M €	+7.3%	-6,9 M €	-169%	10,1 M €	-5.5%	10,7 M €	-59.0%	26 M €	-38.2%	42,1 M €	-34.3%	64,1 M €	-60.0%	160,5 M €	+26.6%	126,8 M €	-26.1%	171,6 M €
Balance sheet
Equity	53,8 M €	+50.5%	35,8 M €	+7.0%	33,4 M €	+43.6%	23,3 M €	+278%	6,2 M €	-4.6%	6,5 M €	+8.2%	6 M €	+2.7%	5,8 M €	-20.8%	7,3 M €	-26.4%	10 M €	-51.1%	20,4 M €	-51.8%	42,3 M €	+0.2%	42,2 M €	+33.8%	31,6 M €	-33.9%	47,7 M €	+746%	5,6 M €	-94.5%	102,9 M €	+96.2%	52,5 M €	+3.5%	50,7 M €
Total assets	70,1 M €	+23.7%	56,6 M €	-28.4%	79,1 M €	+204%	26,1 M €	+318%	6,2 M €	-47.1%	11,8 M €	-6.4%	12,6 M €	-0.9%	12,7 M €	-28.8%	17,9 M €	-36.4%	28,1 M €	-34.2%	42,7 M €	-9.7%	47,3 M €	-5.3%	49,9 M €	-39.3%	82,2 M €	-21.4%	104,6 M €	-41.5%	178,6 M €	-21.8%	228,5 M €	+22.6%	186,4 M €	-35.6%	289,3 M €
Cash	1,4 M €	-66.5%	4,1 M €	-52.6%	8,5 M €	+169%	3,2 M €	+11.4%	2,9 M €	+1739%	155,2 k €	-68.6%	493,8 k €	-90.8%	5,3 M €	+889%	540,3 k €	-87.8%	4,4 M €	-35.3%	6,9 M €	+88.6%	3,6 M €	+7.7%	3,4 M €	+1264%	248,1 k €	-98.8%	20,3 M €	+68268%	29,7 k €	-98.5%	2 M €	+34.8%	1,5 M €	+102%	734,9 k €
Debts	16,1 M €	-12.4%	18,4 M €	-37.7%	29,6 M €	+1016%	2,6 M €	+4685%	55,4 k €	-99.0%	5,3 M €	-19.6%	6,6 M €	-4.5%	6,9 M €	-34.5%	10,5 M €	-41.3%	18 M €	-16.6%	21,6 M €	+569%	3,2 M €	-46.4%	6 M €	-87.6%	48,5 M €	-13.8%	56,2 M €	-67.1%	171,1 M €	+38.5%	123,5 M €	-6.7%	132,3 M €	-44.3%	237,5 M €
Other
Workforce	36,3 ETP	-30.7%	52,4 ETP	+12.7%	46,5 ETP	+140%	19,4 ETP	+177%	7,0 ETP	-1.4%	7,1 ETP	-11.3%	8,0 ETP	-33.9%	12,1 ETP	-58.3%	29,0 ETP	-38.9%	47,5 ETP	-9.9%	52,7 ETP	-3.7%	54,7 ETP	-12.3%	62,4 ETP	-52.5%	131,4 ETP	-19.0%	162,2 ETP	+28.4%	126,3 ETP	+42.7%	88,5 ETP	+21.4%	72,9 ETP	-7.7%	79,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 100 M€ and 250 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2024 · 7 active · 45 ended

Active mandates

SHIPCONSULT

Director · since 11 mars 2024 · until 28 juin 2027 · 1006.598.296

Represented by August Verdonck

Active

NAVIRA

Director · since 19 février 2024 · until 24 juin 2030 · 0692.919.696

Represented by Florent Maes

Active

C\Hive Management

Director · since 01 janvier 2024 · until 28 juin 2027 · 0676.854.914

Represented by Mathieu Ceulen

Active

Cigrang Christian

Director · since 02 avril 2021 · until 28 juin 2027

Active

LMC Management

Director · since 02 avril 2021 · until 28 juin 2027 · 0765.684.346

Represented by Bert Schandevyl

Active

TRILITHON

Director · since 02 avril 2021 · until 28 juin 2027 · 0477.292.062

Represented by Frank Van Bellingen

Active

August Verdonck

Director · since 21 février 2020 · until 11 mars 2024

Active

Ended mandates

C\Hive Management

Director · since 01 janvier 2024 · until 22 février 2027 · 0676.854.914

Represented by Mathieu Ceulen

Ended

Cigrang Christian

Director · since 02 avril 2021 · until 22 février 2027

Ended

LMC Management

Director · since 02 avril 2021 · until 22 février 2027 · 0765.684.346

Represented by Bert Schandevyl

Ended

LMC Management

Director · since 02 avril 2021 · until 22 février 2027 · 0765.684.346

Represented by Bert Schandevyl

Ended

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Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Full model	Full model	Full model	Full model	Abridged model	Abridged model
Start of the financial year	01/09/2023	01/09/2022	01/09/2021	01/09/2020	01/09/2019	01/09/2018
Closing of the financial year	31/12/2024	31/08/2023	31/08/2022	31/08/2021	31/08/2020	31/08/2019
Length of the financial year	16 months	12 months	12 months	12 months	12 months	12 months
Filing date	23/06/2025	23/05/2024	22/02/2024	11/03/2022	24/03/2021	25/02/2020
General meeting	23/06/2025	23/04/2024	05/02/2024	25/02/2022	26/02/2021	21/02/2020
Currency of the financial year	USD	USD	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

22 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2024	23/06/2025	23/06/2025	Dutch	PDF
Full modelCorrection	31/08/2023	23/04/2024	23/05/2024	Dutch	PDF
Full model	31/08/2023	23/04/2024	25/04/2024	Dutch	PDF
Full modelCorrection	31/08/2022	05/02/2024	22/02/2024	Dutch	PDF
Full model	31/08/2022	27/01/2023	30/01/2023	Dutch	PDF
Full model	31/08/2021	25/02/2022	11/03/2022	Dutch	PDF
Abridged model	31/08/2020	26/02/2021	24/03/2021	Dutch	PDF
Abridged model	31/08/2019	21/02/2020	25/02/2020	Dutch	PDF
Abridged model	31/08/2018	22/02/2019	12/03/2019	Dutch	PDF
Abridged model	31/08/2017	23/02/2018	27/03/2018	Dutch	PDF
Full model	31/08/2016	03/01/2017	12/01/2017	Dutch	PDF
Full model	31/08/2015	22/02/2016	22/03/2016	Dutch	PDF
Consolidated accounts	31/12/2014	22/06/2015	11/08/2015	Dutch	PDF
Full model	31/08/2014	21/11/2014	20/02/2015	Dutch	PDF
Full model	31/08/2013	08/11/2013	15/11/2013	Dutch	PDF
Full model	31/08/2012	08/11/2012	14/11/2012	Dutch	PDF
Full model	31/08/2011	14/11/2011	23/11/2011	Dutch	PDF
Full model	31/08/2010	12/11/2010	05/01/2011	Dutch	PDF
Full model	31/08/2009	13/11/2009	08/12/2009	Dutch	PDF
Full model	31/12/2008	29/05/2009	19/06/2009	Dutch	PDF
Full model	31/12/2007	10/06/2008	13/06/2008	Dutch	PDF
Full model	31/12/2006	11/05/2007	06/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 M€ and 250 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 31/12/2024 · 7 active · 45 ended

Active mandates

SHIPCONSULT

Director · since 11 mars 2024 · until 28 juin 2027 · 1006.598.296

Represented by August Verdonck

Active

NAVIRA

Director · since 19 février 2024 · until 24 juin 2030 · 0692.919.696

Represented by Florent Maes

Active

C\Hive Management

Director · since 01 janvier 2024 · until 28 juin 2027 · 0676.854.914

Represented by Mathieu Ceulen

Active

Cigrang Christian

Director · since 02 avril 2021 · until 28 juin 2027

Active

LMC Management

Director · since 02 avril 2021 · until 28 juin 2027 · 0765.684.346

Represented by Bert Schandevyl

Active

TRILITHON

Director · since 02 avril 2021 · until 28 juin 2027 · 0477.292.062

Represented by Frank Van Bellingen

Active

August Verdonck

Director · since 21 février 2020 · until 11 mars 2024

Active

Ended mandates

C\Hive Management

Director · since 01 janvier 2024 · until 22 février 2027 · 0676.854.914

Represented by Mathieu Ceulen

Ended

Cigrang Christian

Director · since 02 avril 2021 · until 22 février 2027

Ended

LMC Management

Director · since 02 avril 2021 · until 22 février 2027 · 0765.684.346

Represented by Bert Schandevyl

Ended

LMC Management

Director · since 02 avril 2021 · until 22 février 2027 · 0765.684.346

Represented by Bert Schandevyl

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates07/08/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates11/06/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates04/02/2026
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares04/02/2026
KAPITAAL - AANDELEN
PDF
Mandates03/10/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates13/08/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates02/04/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates21/03/2024
ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - BOEKJAAR
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

27/08/2025
autreTRAXUS NV
23/06/2025
reconductionBDO Bedrijfsrevisoren BV — commissaris
2024
Annual accounts 202418 M €↑
11/03/2024
nominationSHIPCONSULT — bestuurder
19/02/2024
reconductionNavira vof — bestuurder
01/01/2024
nominationC/Hive Management — bestuurder
01/01/2024
nominationMathieu CEULEN — vaste vertegenwoordiger
01/01/2024
nominationC\Hive Management — bijkomende bestuurder
2023
Annual accounts 20232,3 M €↓
2022
Annual accounts 202210,2 M €↑
25/02/2022
reconductionBDO Bedrijfsrevisoren BV — commissaris
2021
Annual accounts 20216,1 M €↑
2021
Name changeCobelfret NV
2020
Annual accounts 2020-298,5 k €↓
2019
Annual accounts 2019488,4 k €↑
2018
Annual accounts 2018157,9 k €↑
2018
Name changeC2C
2017
Annual accounts 2017-1,5 M €↑
2016
Annual accounts 2016-2,6 M €↑
2015
Annual accounts 2015-6,4 M €↑
2014
Annual accounts 2014-6,9 M €↓
2013
Annual accounts 201310,1 M €↓
2012
Annual accounts 201210,7 M €↓
2011
Annual accounts 201126 M €↓
2010
Annual accounts 201042,1 M €↓
2009
Annual accounts 200964,1 M €↓
2008
Annual accounts 2008160,5 M €↑
2007
Annual accounts 2007126,8 M €↓
2006
Annual accounts 2006171,6 M €
2006
Name changeCOBELFRET BULK CARRIERS
19/05/1976
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

Cobelfret

Overview

What does Cobelfret do?

Trend over 19 financial years

Indicative valuation

Board of directors

Other companies at this address

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