COBEMA
0424.084.988 · rovalta.com · 24/09/2026
ACTIVE
COBEMA
Financial year 2025 · closed on 31/12/2025
Net result
593,4 k €
+9.7% YoY
Revenue
1,7 M €
Equity
7 M €
+9.3% YoY
Workforce
14,0 ETP
+7.7% YoY
Overview
What does COBEMA do?
COBEMA is a Public limited company incorporated in 1983. Its registered office is in Bruxelles. It employs on average 14,0 ETP workers (FTE).
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0424.084.988
Incorporation
10/05/1983
Legal form
Public limited company
Registered office
Avenue Louise 19
1050 Bruxelles · BruxellesSee on map
1050 Bruxelles · BruxellesSee on map
Contributed capital
8 350 000,00 €
Latest accounts
31/12/2025
Average workforce
14,0 ETP
Joint committees (4)
- 100
- 109
- 201
- 215
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts
Available with a Rovalta subscriptionTry for 7 days
Financials
Trend over 20 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | ||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||||||||||||||||||||||||||||||||
| Revenue | 1,7 M € | – | – | – | – | – | – | – | 1,9 M € | -64.3% | 5,4 M € | -0.7% | 5,4 M € | +7.5% | 5 M € | +40.0% | 3,6 M € | +40.3% | 2,6 M € | -3.6% | 2,7 M € | +8.2% | 2,5 M € | -19.8% | 3,1 M € | -4.7% | 3,2 M € | +235% | 960,9 k € | +9.9% | 874,5 k € | ||||||||
| EBITDA | 852,4 k € | +27.1% | 670,9 k € | -26.6% | 914,2 k € | +22.1% | 748,6 k € | +16.8% | 640,9 k € | +33.0% | 481,8 k € | -36.0% | 752,9 k € | +23.8% | 608 k € | +109% | 290,6 k € | -46.4% | 541,6 k € | +72.3% | 314,3 k € | -23.9% | 412,8 k € | +115% | 191,8 k € | -61.4% | 497,4 k € | -1.0% | 502,5 k € | +74.2% | 288,5 k € | -60.8% | 735,4 k € | +50.7% | 488 k € | +30.9% | 372,9 k € | +41.7% | 263,1 k € |
| Operating result | 692,8 k € | +21.0% | 572,5 k € | -28.8% | 803,9 k € | +32.6% | 606,5 k € | +11.0% | 546,6 k € | +66.9% | 327,5 k € | -44.6% | 591,4 k € | +30.6% | 452,9 k € | +337% | 103,7 k € | -51.5% | 213,7 k € | +2092% | 9,8 k € | -94.9% | 191,8 k € | +301% | -95,6 k € | -149% | 193,6 k € | -17.8% | 235,6 k € | +100% | 117,5 k € | -77.8% | 529,3 k € | +80.1% | 293,9 k € | +13.1% | 259,8 k € | +67.1% | 155,5 k € |
| Net result | 593,4 k € | +9.7% | 540,7 k € | -20.5% | 680 k € | +54.3% | 440,7 k € | +25.6% | 350,8 k € | +24.6% | 281,5 k € | -52.4% | 591,3 k € | +27.4% | 463,9 k € | +896% | 46,6 k € | -57.0% | 108,4 k € | +172% | -150,7 k € | +92.8% | -2,1 M € | -1072% | -178,3 k € | -310% | 84,8 k € | -29.6% | 120,5 k € | +330% | -52,5 k € | -114% | 379,4 k € | +111% | -3,6 M € | -2804% | 133,5 k € | +280% | 35,1 k € |
| Balance sheet | |||||||||||||||||||||||||||||||||||||||
| Equity | 7 M € | +9.3% | 6,4 M € | +9.2% | 5,9 M € | +13.1% | 5,2 M € | +9.3% | 4,7 M € | +8.0% | 4,4 M € | +6.9% | 4,1 M € | +16.9% | 3,5 M € | +15.2% | 3 M € | +407% | 600,8 k € | +21.9% | 492,7 k € | -23.5% | 643,6 k € | -76.5% | 2,7 M € | -6.1% | 2,9 M € | +3.0% | 2,8 M € | +4.4% | 2,7 M € | -1.9% | 2,8 M € | +15.9% | 2,4 M € | -59.7% | 5,9 M € | +2.3% | 5,8 M € |
| Total assets | 7,3 M € | +9.2% | 6,6 M € | +3.1% | 6,4 M € | -7.9% | 7 M € | +35.8% | 5,2 M € | +11.2% | 4,6 M € | +7.3% | 4,3 M € | +10.5% | 3,9 M € | +13.3% | 3,5 M € | -24.0% | 4,5 M € | +3.2% | 4,4 M € | -7.3% | 4,7 M € | -29.5% | 6,7 M € | +7.1% | 6,3 M € | -0.2% | 6,3 M € | +1.3% | 6,2 M € | -13.2% | 7,2 M € | -2.5% | 7,3 M € | -22.8% | 9,5 M € | +6.9% | 8,9 M € |
| Cash | 183,6 k € | -32.1% | 270,4 k € | -29.3% | 382,5 k € | +139% | 159,8 k € | -54.7% | 352,8 k € | -86.4% | 2,6 M € | +29.2% | 2 M € | +79.2% | 1,1 M € | +192% | 382,6 k € | -14.7% | 448,6 k € | -7.9% | 486,9 k € | +74.5% | 279 k € | -3.9% | 290,4 k € | +275% | 77,5 k € | +40.3% | 55,2 k € | -80.9% | 288,6 k € | -42.6% | 502,4 k € | +635% | 68,4 k € | -68.2% | 215,2 k € | +1641% | 12,4 k € |
| Debts | 224,8 k € | +9.5% | 205,3 k € | -62.4% | 546,4 k € | -69.3% | 1,8 M € | +366% | 382 k € | +120% | 173,8 k € | -16.8% | 208,8 k € | -41.2% | 355,3 k € | +7.6% | 330,1 k € | -91.4% | 3,9 M € | +0.2% | 3,8 M € | -3.6% | 4 M € | +2.8% | 3,9 M € | +20.5% | 3,2 M € | -2.8% | 3,3 M € | -1.1% | 3,4 M € | -20.7% | 4,2 M € | -11.8% | 4,8 M € | +38.7% | 3,5 M € | +15.3% | 3 M € |
| Other | |||||||||||||||||||||||||||||||||||||||
| Workforce | 14,0 ETP | +7.7% | 13,0 ETP | +0.8% | 12,9 ETP | +10.3% | 11,7 ETP | +7.3% | 10,9 ETP | -2.7% | 11,2 ETP | -7.4% | 12,1 ETP | -30.5% | 17,4 ETP | -5.4% | 18,4 ETP | +1.7% | 18,1 ETP | -4.2% | 18,9 ETP | +2.2% | 18,5 ETP | +1.6% | 18,2 ETP | -4.2% | 19,0 ETP | -3.6% | 19,7 ETP | -1.5% | 20,0 ETP | +11.7% | 17,9 ETP | +79.0% | 10,0 ETP | +100% | 5,0 ETP | 0.0% | 5,0 ETP |
Estimate
Indicative valuation
As an indication, this company is worth
between 5 M€ and 10 M€
See the valuationGovernance
Board of directors
Seen on filing of 31/12/2025 · 5 active · 40 ended
Active mandates
Andrea Simonazzi
ActiveEugenio Sidoli
ActiveFabio Forni
ActiveMichele Usuardi
ActiveVincenzo Prezioso
ActiveEnded mandates
Andrea Simonazzi
EndedAndrea Simonazzi
EndedEugenio Sidoli
EndedEugenio Sidoli
EndedAt this address
Other companies at this address
| Company | CBE no. |
|---|---|
Comax● Active | 0424.085.087 |
Financials
Annual accounts
Full financial information
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Type of account | Abridged model | Abridged model | Abridged model | Abridged model | Abridged model | Abridged model |
| Start of the financial year | 01/01/2025 | 01/01/2024 | 01/01/2023 | 01/01/2022 | 01/01/2021 | 01/01/2020 |
| Closing of the financial year | 31/12/2025 | 31/12/2024 | 31/12/2023 | 31/12/2022 | 31/12/2021 | 31/12/2020 |
| Length of the financial year | 12 months | 12 months | 12 months | 12 months | 12 months | 12 months |
| Filing date | 09/07/2026 | 31/07/2025 | 29/07/2024 | 13/07/2023 | 26/07/2022 | 15/06/2021 |
| General meeting | 26/05/2026 | 23/06/2025 | 19/06/2024 | 07/06/2023 | 24/05/2022 | 25/05/2021 |
| 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
Looking for more information about this company?
Try for 7 daysFilings
Annual accounts filings
20 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Abridged model | 31/12/2025 | 26/05/2026 | 09/07/2026 | French | |
| Abridged model | 31/12/2024 | 23/06/2025 | 31/07/2025 | French | |
| Abridged model | 31/12/2023 | 19/06/2024 | 29/07/2024 | French | |
| Abridged model | 31/12/2022 | 07/06/2023 | 13/07/2023 | French | |
| Abridged model | 31/12/2021 | 24/05/2022 | 26/07/2022 | French | |
| Abridged model | 31/12/2020 | 25/05/2021 | 15/06/2021 | French | |
| Abridged model | 31/12/2019 | 12/06/2020 | 24/07/2020 | French | |
| Abridged model | 31/12/2018 | 28/05/2019 | 24/07/2019 | French | |
| Full model | 31/12/2017 | 22/05/2018 | 20/06/2018 | French | |
| Full model | 31/12/2016 | 29/06/2017 | 26/07/2017 | French | |
| Full model | 31/12/2015 | 24/05/2016 | 28/07/2016 | French | |
| Full model | 31/12/2014 | 26/05/2015 | 01/07/2015 | French | |
| Full model | 31/12/2013 | 16/06/2014 | 30/09/2014 | French | |
| Full model | 31/12/2012 | 07/06/2013 | 23/07/2013 | French | |
| Full model | 31/12/2011 | 04/06/2012 | 02/08/2012 | French | |
| Full model | 31/12/2010 | 24/05/2011 | 25/07/2011 | French | |
| Full model | 31/12/2009 | 25/05/2010 | 27/07/2010 | French | |
| Full model | 31/12/2008 | 26/05/2009 | 23/07/2009 | French | |
| Full model | 31/12/2007 | 27/05/2008 | 30/06/2008 | French | |
| Full model | 31/12/2006 | 23/05/2007 | 19/07/2007 | French |
Valuation
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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Governance
Board of directors
Seen on filing of 31/12/2025 · 5 active · 40 ended
Active mandates
Andrea Simonazzi
ActiveEugenio Sidoli
ActiveFabio Forni
ActiveMichele Usuardi
ActiveVincenzo Prezioso
ActiveEnded mandates
Andrea Simonazzi
EndedAndrea Simonazzi
EndedEugenio Sidoli
EndedEugenio Sidoli
EndedShareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
- Mandates10/09/2026Réélection des administrateurs - administrateurs délégués
- Mandates26/08/2024DEMISSIONS, NOMINATIONS
- Other15/01/2024STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
- Mandates03/02/2023DEMISSIONS, NOMINATIONS
- Mandates03/01/2023DEMISSIONS, NOMINATIONS
- Mandates06/11/2020DEMISSIONS, NOMINATIONS
- Mandates18/07/2019DEMISSIONS, NOMINATIONS
- Capital / shares18/12/2017CAPITAL, ACTIONS
Source: Belgian Official Gazette
Similar companies
Competition
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 2025593,4 k €↑
- 2024Annual accounts 2024540,7 k €↓
- 2023Annual accounts 2023680 k €↑
- 2022Annual accounts 2022440,7 k €↑
- 2021Annual accounts 2021350,8 k €↑
- 2020Annual accounts 2020281,5 k €↓
- 2019Annual accounts 2019591,3 k €↑
- 2018Annual accounts 2018463,9 k €↑
- 2017Annual accounts 201746,6 k €↓
- 2016Annual accounts 2016108,4 k €↑
- 2015Annual accounts 2015-150,7 k €↑
- 2014Annual accounts 2014-2,1 M €↓
- 2013Annual accounts 2013-178,3 k €↓
- 2012Annual accounts 201284,8 k €↓
- 2011Annual accounts 2011120,5 k €↑
- 2010Annual accounts 2010-52,5 k €↓
- 2009Annual accounts 2009379,4 k €↑
- 2008Annual accounts 2008-3,6 M €↓
- 2007Annual accounts 2007133,5 k €↑
- 2006Annual accounts 200635,1 k €
- 10/05/1983IncorporationPublic limited company