ACTIVE

COERTEL

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Financial year 2025 · closed on 30/09/2025

Net result

6 k €

-60.1% YoY

Gross margin

36,3 k €

-30.5% YoY

Equity

256,9 k €

+2.4% YoY

What does COERTEL do?

COERTEL is a Private limited company incorporated in 1983. Its main activity is: Wholesale of watches and jewellery. Its registered office is in Antwerpen.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0424.731.425

Incorporation

03/11/1983

Legal form

Private limited company

Registered office

Appelmansstraat 25
2018 Antwerpen · FlandreSee on map

Contributed capital

18 592,01 €

Latest accounts

30/09/2025

Activities (NACE)

46480Wholesale of watches and jewellery· main 46480Wholesale of watches and jewellery 51474Air transport 47770Retail sale of watches and jewellery in specialised stores 47770Retail sale of watches and jewellery in specialised stores 52484Warehousing and support activities for transportation

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

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	36,3 k €	-30.5%	52,2 k €	+64.1%	31,8 k €	-41.6%	54,5 k €	-18.1%	66,5 k €	+28.9%	51,6 k €	+53.3%	33,7 k €	-15.9%	40,1 k €	+3.7%	38,6 k €	+68.2%	23 k €	-36.1%	36 k €	+11.4%	32,3 k €	-30.6%	46,6 k €	+30.7%	35,6 k €	+12.7%	31,6 k €	+38.2%	22,9 k €	-25.2%	30,6 k €	+70.3%	18 k €	+24.4%	14,4 k €	+49.0%	9,7 k €
EBITDA	31,2 k €	-27.8%	43,2 k €	+62.5%	26,6 k €	-43.4%	46,9 k €	-20.9%	59,3 k €	+23.4%	48,1 k €	+56.7%	30,7 k €	-16.8%	36,9 k €	+3.2%	35,7 k €	+69.5%	21,1 k €	-38.4%	34,2 k €	+13.9%	30 k €	-32.7%	44,6 k €	+32.8%	33,6 k €	+13.9%	29,5 k €	+41.9%	20,8 k €	-27.5%	28,7 k €	+74.4%	16,4 k €	+28.2%	12,8 k €	+51.6%	8,5 k €
Operating result	11,8 k €	-49.7%	23,4 k €	+97.9%	11,8 k €	-56.3%	27 k €	-34.5%	41,2 k €	+40.7%	29,3 k €	+145%	12 k €	-14.0%	13,9 k €	-21.2%	17,6 k €	+935%	1,7 k €	-86.4%	12,5 k €	+41.5%	8,8 k €	-73.1%	32,9 k €	+36.1%	24,2 k €	+61.2%	15 k €	+99.1%	7,5 k €	-43.3%	13,3 k €	+87.1%	7,1 k €	-26.3%	9,6 k €	+83.4%	5,3 k €
Net result	6 k €	-60.1%	14,9 k €	+136%	6,3 k €	-64.1%	17,6 k €	-40.0%	29,3 k €	+38.4%	21,1 k €	+157%	8,2 k €	-26.8%	11,2 k €	-1.4%	11,4 k €	+426%	2,2 k €	-77.5%	9,6 k €	-21.7%	12,3 k €	-42.9%	21,5 k €	+19.0%	18,1 k €	+73.4%	10,4 k €	+137%	4,4 k €	-45.1%	8 k €	+177%	2,9 k €	-44.9%	5,2 k €	+15.6%	4,5 k €
Balance sheet
Equity	256,9 k €	+2.4%	251 k €	+6.3%	236 k €	+2.7%	229,7 k €	+8.3%	212,2 k €	+16.0%	182,9 k €	+13.1%	161,7 k €	+5.4%	153,5 k €	+7.9%	142,3 k €	+8.7%	130,9 k €	+1.7%	128,7 k €	+8.1%	119,1 k €	+11.5%	106,8 k €	+25.2%	85,3 k €	+26.9%	67,2 k €	+18.4%	56,8 k €	+8.4%	52,4 k €	+18.1%	44,4 k €	+7.0%	41,5 k €	+14.5%	36,2 k €
Total assets	420,4 k €	-1.2%	425,6 k €	+0.1%	425,3 k €	-4.2%	444,1 k €	-1.2%	449,6 k €	+8.6%	413,9 k €	-0.2%	414,9 k €	-4.9%	436,4 k €	+38.9%	314 k €	+104%	154 k €	-8.3%	168 k €	+1.6%	165,3 k €	-2.3%	169,2 k €	+13.3%	149,2 k €	+4.9%	142,2 k €	+3.4%	137,6 k €	-0.4%	138,1 k €	+11.9%	123,4 k €	+42.1%	86,8 k €	+4.1%	83,4 k €
Cash	21 k €	+12.4%	18,7 k €	+131%	8,1 k €	-48.5%	15,7 k €	-24.0%	20,6 k €	+23.3%	16,7 k €	+10.6%	15,1 k €	-53.5%	32,6 k €	+74.0%	18,7 k €	-41.1%	31,8 k €	+12.9%	28,2 k €	+131%	12,2 k €	-62.1%	32,1 k €	+131%	13,9 k €	-10.1%	15,4 k €	+18.0%	13,1 k €	+67.1%	7,8 k €	+82.2%	4,3 k €	-79.7%	21,1 k €	+2.1%	20,7 k €
Debts	163,5 k €	-6.4%	174,6 k €	-7.7%	189,2 k €	-11.7%	214,4 k €	-9.7%	237,5 k €	+2.8%	231 k €	-8.7%	253,1 k €	-10.5%	282,8 k €	+64.7%	171,8 k €	+644%	23,1 k €	-41.1%	39,2 k €	-15.1%	46,2 k €	-25.8%	62,3 k €	-2.5%	63,9 k €	-14.8%	75 k €	-7.2%	80,8 k €	-5.7%	85,7 k €	+8.4%	79 k €	+74.2%	45,4 k €	-3.8%	47,2 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 30/09/2025 · 2 active · 7 ended

Active mandates

Annick Nackom

Director · since 01 juillet 2005

Active

Bart Coeckelbergs

Director · since 01 septembre 1999

Active

Ended mandates

Annick Nackom

Manager · since 01 juillet 2005

Ended

BART COECKELBERGS

Manager · since 01 septembre 1999

Ended

Annick Nackom

Director

Ended

Annick Nackom

Manager

Ended

At this address

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Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/10/2024	01/10/2023	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	30/09/2025	30/09/2024	30/09/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	9 months	12 months	12 months	12 months
Filing date	09/04/2026	27/03/2025	21/03/2024	14/06/2023	30/06/2022	01/06/2021
General meeting	17/03/2026	18/03/2025	19/03/2024	16/05/2023	07/06/2022	18/05/2021
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

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	30/09/2025	17/03/2026	09/04/2026	Dutch	PDF
Micro model	30/09/2024	18/03/2025	27/03/2025	Dutch	PDF
Micro model	30/09/2023	19/03/2024	21/03/2024	Dutch	PDF
Micro model	31/12/2022	16/05/2023	14/06/2023	Dutch	PDF
Micro model	31/12/2021	07/06/2022	30/06/2022	Dutch	PDF
Micro model	31/12/2020	18/05/2021	01/06/2021	Dutch	PDF
Micro model	31/12/2019	09/06/2020	23/06/2020	Dutch	PDF
Micro model	31/12/2018	11/06/2019	26/06/2019	Dutch	PDF
Micro model	31/12/2017	15/05/2018	31/05/2018	Dutch	PDF
Micro model	31/12/2016	30/06/2017	13/07/2017	Dutch	PDF
Abridged model	31/12/2015	21/06/2016	07/07/2016	Dutch	PDF
Abridged model	31/12/2014	15/06/2015	25/06/2015	Dutch	PDF
Abridged model	31/12/2013	23/07/2014	25/07/2014	Dutch	PDF
Abridged model	31/12/2012	30/06/2013	01/07/2013	Dutch	PDF
Abridged model	31/12/2011	29/06/2012	09/08/2012	Dutch	PDF
Abridged model	31/12/2010	08/08/2011	16/08/2011	Dutch	PDF
Abridged model	31/12/2009	16/08/2010	21/08/2010	Dutch	PDF
Abridged model	31/12/2008	30/06/2009	27/07/2009	Dutch	PDF
Abridged model	31/12/2007	20/05/2008	13/06/2008	Dutch	PDF
Abridged model	31/12/2006	15/05/2007	06/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 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 30/09/2025 · 2 active · 7 ended

Active mandates

Annick Nackom

Director · since 01 juillet 2005

Active

Bart Coeckelbergs

Director · since 01 septembre 1999

Active

Ended mandates

Annick Nackom

Manager · since 01 juillet 2005

Ended

BART COECKELBERGS

Manager · since 01 septembre 1999

Ended

Annick Nackom

Director

Ended

Annick Nackom

Manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates26/09/2023
WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - BOEKJAAR
PDF
Mandates28/07/2005
ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
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 20256 k €↓
2024
Annual accounts 202414,9 k €↑
2023
Annual accounts 20236,3 k €↓
2022
Annual accounts 202217,6 k €↓
2021
Annual accounts 202129,3 k €↑
2020
Annual accounts 202021,1 k €↑
2019
Annual accounts 20198,2 k €↓
2018
Annual accounts 201811,2 k €↓
2017
Annual accounts 201711,4 k €↑
2016
Annual accounts 20162,2 k €↓
2015
Annual accounts 20159,6 k €↓
2014
Annual accounts 201412,3 k €↓
2013
Annual accounts 201321,5 k €↑
2012
Annual accounts 201218,1 k €↑
2011
Annual accounts 201110,4 k €↑
2010
Annual accounts 20104,4 k €↓
2009
Annual accounts 20098 k €↑
2008
Annual accounts 20082,9 k €↓
2007
Annual accounts 20075,2 k €↑
2006
Annual accounts 20064,5 k €
03/11/1983
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

COERTEL

Overview

What does COERTEL 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