ACTIVE

COBREW

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Financial year 2025 · closed on 31/12/2025

Net result

3,3 M €

-77.2% YoY

Equity

199,6 M €

0.0% YoY

Workforce

6,7 ETP

0.0% YoY

What does COBREW do?

COBREW is a Public limited company incorporated in 1986. Its registered office is in Leuven. It employs on average 6,7 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0428.975.372

Incorporation

21/05/1986

Legal form

Public limited company

Registered office

Brouwerijplein 1
3000 Leuven · FlandreSee on map

Contributed capital

181 451 533,00 €

Latest accounts

31/12/2025

Average workforce

6,7 ETP

Joint committees (2)

Signals

ProfitablePositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009
Income statement
EBITDA	4,9 M €	-1.8%	5 M €	+2130%	224,9 k €	-94.7%	4,3 M €	-42.1%	7,4 M €	-73.5%	27,8 M €	+129386%	-21,5 k €	-103%	691,2 k €	-48.9%	1,4 M €	+248%	-915,3 k €	-8.3%	-845 k €	-20438%	4,2 k €	-99.3%	580 k €	+43.6%	403,8 k €	-67.7%	1,3 M €	+381%	-445,8 k €	+98.0%	-22,1 M €
Operating result	4,9 M €	-1.8%	5 M €	+2130%	224,9 k €	-94.7%	4,3 M €	-42.1%	7,4 M €	-74.2%	28,7 M €	+4442%	631,4 k €	-6.7%	676,9 k €	-51.0%	1,4 M €	+241%	-980,8 k €	-3.9%	-943,6 k €	-748%	-111,2 k €	-127%	409,3 k €	+97.5%	207,2 k €	-69.9%	689,3 k €	+164%	-1,1 M €	+95.4%	-23,2 M €
Net result	3,3 M €	-77.2%	14,5 M €	-53.9%	31,4 M €	+1581%	1,9 M €	+205%	-1,8 M €	-110%	17,3 M €	+253%	-11,3 M €	-249%	-3,2 M €	-103%	98,6 M €	-88.7%	873,8 M €	-15.2%	1 Md €	-6.6%	1,1 Md €	+58.4%	696,9 M €	+44.6%	481,8 M €	+51.8%	317,5 M €	+48.9%	213,3 M €	+11.8%	190,7 M €
Balance sheet
Equity	199,6 M €	0.0%	199,6 M €	-52.4%	419,6 M €	-72.4%	1,5 Md €	+0.1%	1,5 Md €	-0.1%	1,5 Md €	+1.2%	1,5 Md €	-0.7%	1,5 Md €	-73.8%	5,8 Md €	-73.9%	22,2 Md €	+4.1%	21,3 Md €	+5.1%	20,3 Md €	+5.8%	19,2 Md €	+21.9%	15,7 Md €	+3.2%	15,3 Md €	+25.8%	12,1 Md €	+153%	4,8 Md €
Total assets	11,9 Md €	+58.3%	7,5 Md €	-52.2%	15,8 Md €	+13.5%	13,9 Md €	+10.6%	12,6 Md €	-37.7%	20,2 Md €	-22.3%	26 Md €	+74.5%	14,9 Md €	-43.5%	26,4 Md €	-49.5%	52,2 Md €	+16.6%	44,7 Md €	+8.3%	41,3 Md €	+13.1%	36,5 Md €	+88.5%	19,4 Md €	+0.1%	19,4 Md €	+25.5%	15,4 Md €	+68.0%	9,2 Md €
Cash	2,9 Md €	+15.5%	2,5 Md €	-43.8%	4,4 Md €	-44.6%	8 Md €	+87.1%	4,3 Md €	-60.0%	10,7 Md €	-5.1%	11,3 Md €	+120%	5,1 Md €	+130%	2,2 Md €	-90.9%	24,6 Md €	+236%	7,3 Md €	+103%	3,6 Md €	+21.6%	3 Md €	+67.7%	1,8 Md €	+132%	763,5 M €	-3.7%	793,2 M €	-19.9%	990 M €
Debts	11,7 Md €	+60.1%	7,3 Md €	-52.3%	15,3 Md €	+24.0%	12,4 Md €	+12.0%	11 Md €	-40.8%	18,7 Md €	-23.8%	24,5 Md €	+83.0%	13,4 Md €	-34.9%	20,6 Md €	-31.4%	30 Md €	+28.1%	23,4 Md €	+11.4%	21 Md €	+21.3%	17,3 Md €	+377%	3,6 Md €	-11.1%	4,1 Md €	+24.5%	3,3 Md €	-24.8%	4,4 Md €
Other
Workforce	6,7 ETP	0.0%	6,7 ETP	-28.0%	9,3 ETP	-3.1%	9,6 ETP	0.0%	9,6 ETP	+11.6%	8,6 ETP	+28.4%	6,7 ETP	-14.1%	7,8 ETP	-15.2%	9,2 ETP	+4.5%	8,8 ETP	-1.1%	8,9 ETP	-19.1%	11,0 ETP	-24.7%	14,6 ETP	-27.4%	20,1 ETP	-1.0%	20,3 ETP	-42.2%	35,1 ETP	-29.7%	49,9 ETP

Estimate

Indicative valuation

As an indication, this company is worth

more than 1.000 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2014 · 5 active · 6 ended

Active mandates

Benoit Loore

Director · since 11 avril 2014 · until 14 avril 2017

Active

Frederik Rogge

Director · since 11 avril 2014 · until 14 avril 2017

Active

Octavio Chino

Director · since 12 avril 2013 · until 08 avril 2016

Active

Ann Randon

Director · since 09 avril 2010 · until 08 avril 2016

Active

Johan Van Biesbroeck

Director · since 10 avril 2009 · until 10 avril 2015

Active

Ended mandates

Gert Boulangé

Director · since 08 avril 2011 · until 12 avril 2013

Ended

Gert Boulangé

Director · since 08 avril 2011 · until 11 avril 2014

Ended

Jean-Louis Van de Perre

Director · since 08 avril 2011 · until 31 décembre 2013

Ended

Jean-Louis Van de Perre

Director · since 08 avril 2011 · until 11 avril 2014

Ended

At this address

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Ampar● Active	0841.221.018
FONDS VERHELST● Active	0476.470.433
Fonds Voorzitter Verhelst● Active	0410.892.691

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	01/01/2025	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	21/04/2026	06/05/2025	16/05/2024	12/06/2023	18/07/2022	18/05/2021
General meeting	15/04/2026	11/04/2025	17/04/2024	19/04/2023	13/05/2022	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

30 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	15/04/2026	21/04/2026	Dutch	PDF
Full model	31/12/2024	11/04/2025	06/05/2025	Dutch	PDF
Full model	31/12/2023	17/04/2024	16/05/2024	Dutch	PDF
Full modelCorrection	31/12/2022	19/04/2023	12/06/2023	Dutch	PDF
Full model	31/12/2022	19/04/2023	12/05/2023	Dutch	PDF
Full model	31/12/2021	13/05/2022	18/07/2022	Dutch	PDF
Full model	31/12/2020	18/05/2021	18/05/2021	Dutch	PDF
Full model	31/12/2019	24/09/2020	23/10/2020	Dutch	PDF
Full model	31/12/2018	16/05/2019	13/06/2019	Dutch	PDF
Full model	31/12/2017	01/08/2018	09/08/2018	Dutch	PDF
Full model	31/12/2016	25/07/2017	09/08/2017	French	PDF
Full model	31/12/2016	25/07/2017	09/08/2017	Dutch	PDF
Full model	31/12/2015	30/06/2016	22/06/2017	French	PDF
Full model	31/12/2015	30/06/2016	22/06/2017	Dutch	PDF
Full modelCorrection	31/12/2014	10/04/2015	29/09/2015	French	PDF
Full modelCorrection	31/12/2014	10/04/2015	29/09/2015	Dutch	PDF
Full modelCorrection	31/12/2014	10/04/2015	17/06/2015	French	PDF
Full modelCorrection	31/12/2014	10/04/2015	17/06/2015	Dutch	PDF
Full model	31/12/2014	10/04/2015	21/05/2015	French	PDF
Full model	31/12/2014	10/04/2015	21/05/2015	Dutch	PDF
Full model	31/12/2013	11/04/2014	14/05/2014	Dutch	PDF
Full model	31/12/2012	12/04/2013	21/05/2013	Dutch	PDF
Full modelCorrection	31/12/2011	13/04/2012	09/01/2013	Dutch	PDF
Full model	31/12/2011	13/04/2012	14/05/2012	Dutch	PDF

View all 30 filings

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

more than 1.000 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 31/12/2014 · 5 active · 6 ended

Active mandates

Benoit Loore

Director · since 11 avril 2014 · until 14 avril 2017

Active

Frederik Rogge

Director · since 11 avril 2014 · until 14 avril 2017

Active

Octavio Chino

Director · since 12 avril 2013 · until 08 avril 2016

Active

Ann Randon

Director · since 09 avril 2010 · until 08 avril 2016

Active

Johan Van Biesbroeck

Director · since 10 avril 2009 · until 10 avril 2015

Active

Ended mandates

Gert Boulangé

Director · since 08 avril 2011 · until 12 avril 2013

Ended

Gert Boulangé

Director · since 08 avril 2011 · until 11 avril 2014

Ended

Jean-Louis Van de Perre

Director · since 08 avril 2011 · until 31 décembre 2013

Ended

Jean-Louis Van de Perre

Director · since 08 avril 2011 · until 11 avril 2014

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates26/05/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates27/02/2026
DIVERSEN - ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares27/12/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN
PDF
Other20/12/2023
DIVERSEN
PDF
Mandates03/11/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
PDF
Mandates14/11/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates14/04/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates07/07/2021
ONTSLAGEN - BENOEMINGEN
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

15/04/2026
nominationMarcelo Ferro — bestuurder
2025
Annual accounts 20253,3 M €↓
11/04/2025
nominationYulia Lyubavina — bestuurder
11/04/2025
reconductionPwC Bedrijfsrevisoren BV — commissaris
2024
Annual accounts 202414,5 M €↓
16/12/2024
reduction_capital
12/04/2024
nominationPeter D'hondt — commissaris
2023
Annual accounts 202331,4 M €↑
2022
Annual accounts 20221,9 M €↑
13/05/2022
reconductionPwC Bedrijfsrevisoren BV — commissaris
2021
Annual accounts 2021-1,8 M €↓
2020
Annual accounts 202017,3 M €↑
2019
Annual accounts 2019-11,3 M €↓
2018
Annual accounts 2018-3,2 M €↓
2017
Annual accounts 201798,6 M €↓
2016
Annual accounts 2016873,8 M €↓
2015
Annual accounts 20151 Md €↓
2014
Annual accounts 20141,1 Md €↑
2013
Annual accounts 2013696,9 M €↑
2012
Annual accounts 2012481,8 M €↑
2011
Annual accounts 2011317,5 M €↑
2010
Annual accounts 2010213,3 M €↑
2009
Annual accounts 2009190,7 M €
21/05/1986
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

COBREW

Overview

What does COBREW do?

Trend over 17 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