ACTIVE

COBELSA

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Financial year 2025 · closed on 31/12/2025

Net result

119,1 k €

+1469.1% YoY

Gross margin

184,5 k €

+227.8% YoY

Equity

684,1 k €

+21.1% YoY

What does COBELSA do?

COBELSA is a Private limited company incorporated in 1983. Its main activity is: Office administrative and support activities. Its registered office is in Anderlecht.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0424.403.803

Incorporation

10/08/1983

Legal form

Private limited company

Registered office

Boulevard Sylvain Dupuis 358 box 1
1070 Anderlecht · BruxellesSee on map

Contributed capital

18 750,00 €

Latest accounts

31/12/2025

Activities (NACE)

82100Office administrative and support activities· main 82110Combined office administrative service 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 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
Gross margin	184,5 k €	+228%	56,3 k €	-16.1%	67,1 k €	+106%	32,6 k €	+204%	10,7 k €	-64.3%	30 k €	-49.1%	59 k €	-39.4%	97,3 k €	+89.2%	51,4 k €	-14.5%	60,2 k €	+12.4%	53,5 k €	-25.7%	72 k €	-62.6%	192,6 k €	-44.2%	345,2 k €	-6.8%	370,5 k €	-0.4%	371,9 k €	+28.5%	289,3 k €	-27.6%	399,8 k €	+10.3%	362,5 k €	+7.5%	337,1 k €
EBITDA	182,4 k €	+449%	33,2 k €	-47.1%	62,9 k €	+107%	30,4 k €	+199%	10,2 k €	-66.1%	30 k €	-43.1%	52,8 k €	-38.1%	85,2 k €	+83.1%	46,5 k €	-22.7%	60,2 k €	+40.1%	43 k €	-31.2%	62,4 k €	-40.6%	105,1 k €	-0.0%	105,1 k €	-1.4%	106,6 k €	+26.2%	84,4 k €	+104%	41,4 k €	-47.8%	79,3 k €	+40.3%	56,5 k €	-23.9%	74,3 k €
Operating result	171,7 k €	+672%	22,2 k €	-47.3%	42,2 k €	+217%	13,3 k €	+2316%	-601 €	-103%	19,7 k €	-29.6%	27,9 k €	-53.7%	60,3 k €	+95.1%	30,9 k €	-30.6%	44,6 k €	+63.1%	27,3 k €	-26.2%	37 k €	-39.7%	61,5 k €	-6.1%	65,5 k €	+7.9%	60,7 k €	+36.7%	44,4 k €	+508%	7,3 k €	-78.4%	33,8 k €	+62.2%	20,8 k €	-27.0%	28,6 k €
Net result	119,1 k €	+1469%	7,6 k €	-67.7%	23,5 k €	+208%	7,6 k €	+593%	1,1 k €	-92.5%	14,7 k €	-12.0%	16,8 k €	-63.9%	46,5 k €	+125%	20,7 k €	-34.1%	31,4 k €	+54.8%	20,3 k €	-24.1%	26,7 k €	-41.0%	45,3 k €	+5.4%	43 k €	+11.7%	38,5 k €	+102%	19,1 k €	+40.6%	13,6 k €	-58.0%	32,3 k €	+57.5%	20,5 k €	+15.8%	17,7 k €
Balance sheet
Equity	684,1 k €	+21.1%	565,1 k €	+1.4%	557,5 k €	+4.4%	534 k €	+1.4%	526,4 k €	+0.2%	525,3 k €	+2.9%	510,6 k €	+3.4%	493,8 k €	+10.4%	447,3 k €	+4.8%	426,7 k €	+7.9%	395,3 k €	+5.4%	375 k €	+7.7%	348,3 k €	+14.9%	303 k €	+16.5%	260 k €	+17.4%	221,6 k €	+9.4%	202,5 k €	+7.2%	188,9 k €	+20.6%	156,6 k €	+15.1%	136,1 k €
Total assets	1,3 M €	+14.3%	1,2 M €	+0.4%	1,1 M €	+24.5%	921 k €	+20.9%	761,6 k €	+28.4%	593,2 k €	-2.4%	607,6 k €	+4.1%	583,9 k €	+7.3%	544 k €	+6.1%	512,5 k €	+8.9%	470,7 k €	+8.8%	432,6 k €	-8.0%	470 k €	-75.7%	1,9 M €	-62.2%	5,1 M €	-12.3%	5,8 M €	-18.3%	7,1 M €	+8.9%	6,6 M €	+5.9%	6,2 M €	+7.1%	5,8 M €
Cash	54,5 k €	+464%	9,7 k €	-94.8%	185 k €	-9.0%	203,4 k €	-22.2%	261,4 k €	-19.4%	324,4 k €	+5.2%	308,4 k €	+65.8%	186 k €	-15.3%	219,5 k €	+20.5%	182,2 k €	+166%	68,4 k €		–		–		531,7 k €	-48.6%	1 M €	-22.5%	1,3 M €	-1.5%	1,4 M €	+33.3%	1 M €	-22.1%	1,3 M €	+43.7%	908,9 k €
Debts	631,2 k €	+7.7%	585,9 k €	-0.6%	589,3 k €	+52.3%	387 k €	+64.5%	235,2 k €	+246%	67,9 k €	-30.0%	97 k €	+7.7%	90,1 k €	-6.8%	96,7 k €	+12.6%	85,9 k €	+13.9%	75,4 k €	+31.0%	57,5 k €	-52.7%	121,7 k €	-92.5%	1,6 M €	-66.5%	4,9 M €	-13.5%	5,6 M €	-19.1%	6,9 M €	+9.0%	6,4 M €	+5.5%	6 M €	+6.9%	5,6 M €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		1,0 ETP	0.0%	1,0 ETP	-63.0%	2,7 ETP	-53.4%	5,8 ETP	-12.1%	6,6 ETP	-4.3%	6,9 ETP	+11.3%	6,2 ETP	-31.1%	9,0 ETP	+2.3%	8,8 ETP	+7.3%	8,2 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 2 ended

Active mandates

Daniel Gunel

Director · since 31 décembre 2019

Active

Magali Vanholder

Director · since 31 décembre 2019

Active

Ended mandates

Roland COLIN

Manager

Ended

ROLAND COLIN

Mandate

Ended

At this address

Other companies at this address

Company	CBE no.
PRO SOCIAL● Active	0450.890.840

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	01/04/2026	10/06/2025	11/06/2024	10/04/2023	22/07/2022	01/03/2021
General meeting	02/03/2026	20/05/2025	21/03/2024	21/03/2023	23/03/2022	24/02/2021
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

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	02/03/2026	01/04/2026	French	PDF
Abridged model	31/12/2024	20/05/2025	10/06/2025	French	PDF
Abridged model	31/12/2023	21/03/2024	11/06/2024	French	PDF
Abridged model	31/12/2022	21/03/2023	10/04/2023	French	PDF
Abridged model	31/12/2021	23/03/2022	22/07/2022	French	PDF
Abridged model	31/12/2020	24/02/2021	01/03/2021	French	PDF
Abridged model	31/12/2019	18/03/2020	23/03/2020	French	PDF
Abridged model	31/12/2018	31/01/2019	14/02/2019	French	PDF
Abridged model	31/12/2017	05/06/2018	13/06/2018	French	PDF
Abridged model	31/12/2016	31/01/2017	20/02/2017	French	PDF
Abridged model	31/12/2015	25/03/2016	02/04/2016	French	PDF
Abridged model	31/12/2014	10/03/2015	17/03/2015	French	PDF
Abridged model	31/12/2013	08/04/2014	02/05/2014	French	PDF
Abridged model	31/12/2012	18/04/2013	19/04/2013	French	PDF
Abridged model	31/12/2011	25/06/2012	12/07/2012	French	PDF
Abridged model	31/12/2010	27/06/2011	06/07/2011	French	PDF
Abridged model	31/12/2009	28/06/2010	16/07/2010	French	PDF
Abridged model	31/12/2008	29/06/2009	16/07/2009	French	PDF
Abridged model	31/12/2007	30/06/2008	09/07/2008	French	PDF
Abridged model	31/12/2006	29/06/2007	20/07/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 k€

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 31/12/2025 · 2 active · 2 ended

Active mandates

Daniel Gunel

Director · since 31 décembre 2019

Active

Magali Vanholder

Director · since 31 décembre 2019

Active

Ended mandates

Roland COLIN

Manager

Ended

ROLAND COLIN

Mandate

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates21/11/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - OBJET - DEMISSIONS, NOMINATIONS
PDF
Mandates15/01/2020
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 2025119,1 k €↑
2024
Annual accounts 20247,6 k €↓
2023
Annual accounts 202323,5 k €↑
2022
Annual accounts 20227,6 k €↑
2021
Annual accounts 20211,1 k €↓
2020
Annual accounts 202014,7 k €↓
2019
Annual accounts 201916,8 k €↓
2018
Annual accounts 201846,5 k €↑
2017
Annual accounts 201720,7 k €↓
2016
Annual accounts 201631,4 k €↑
2015
Annual accounts 201520,3 k €↓
2014
Annual accounts 201426,7 k €↓
2013
Annual accounts 201345,3 k €↑
2012
Annual accounts 201243 k €↑
2011
Annual accounts 201138,5 k €↑
2010
Annual accounts 201019,1 k €↑
2009
Annual accounts 200913,6 k €↓
2008
Annual accounts 200832,3 k €↑
2007
Annual accounts 200720,5 k €↑
2006
Annual accounts 200617,7 k €
10/08/1983
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

COBELSA

Overview

What does COBELSA do?

Trend over 20 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