ACTIVE

Copains distribution

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Financial year 2025 · closed on 31/12/2025

Net result

-314,7 k €

-75.1% YoY

Gross margin

191,6 k €

+7.7% YoY

Equity

-876 k €

-656.6% YoY

Workforce

10,2 ETP

What does Copains distribution do?

Copains distribution is a Private limited company incorporated in 1990. Its registered office is in Courcelles. It employs on average 10,2 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0441.517.472

Incorporation

18/07/1990

Legal form

Private limited company

Registered office

Rue Philippe Monnoyer(CO) 108
6180 Courcelles · WallonieSee on map

Contributed capital

20 451,21 €

Latest accounts

31/12/2025

Average workforce

10,2 ETP

Joint committees (4)

201
2010
302
3020

Signals

Healthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	191,6 k €	+7.7%	178 k €	-55.3%	398,1 k €	+7.6%	370 k €	-7.4%	399,7 k €	+10.2%	362,8 k €	-3.6%	376,2 k €	+29.8%	289,8 k €	+1.5%	285,5 k €	+13.6%	251,4 k €	-4.0%	261,7 k €	+7.3%	243,9 k €	+38.9%	175,6 k €	+7.9%	162,7 k €	-23.3%	212,2 k €	+33.4%	159 k €	+60.0%	99,4 k €	+23.9%	80,2 k €	+6.6%	75,3 k €
EBITDA	-247,9 k €	-83.4%	-135,2 k €	-551%	30 k €	-46.6%	56,1 k €	-45.7%	103,4 k €	+136%	43,7 k €	-48.7%	85,2 k €	-9.3%	93,9 k €	+30.8%	71,8 k €	+93.1%	37,2 k €	-25.8%	50,1 k €	+25.1%	40,1 k €	+303%	9,9 k €	-67.2%	30,2 k €	-65.0%	86,4 k €	+47.0%	58,8 k €	+189%	20,3 k €	+57.8%	12,9 k €	-45.7%	23,7 k €
Operating result	-292,7 k €	-78.0%	-164,4 k €	-1717%	10,2 k €	-37.6%	16,3 k €	-72.3%	58,9 k €	+597%	-11,9 k €	-142%	28 k €	-31.2%	40,7 k €	+91.7%	21,2 k €	+357%	-8,3 k €	-190%	9,2 k €	+318%	-4,2 k €	+85.6%	-29,4 k €	-1009%	3,2 k €	-94.5%	59,2 k €	+76.4%	33,6 k €	+305%	8,3 k €	+475%	-2,2 k €	-115%	14,5 k €
Net result	-314,7 k €	-75.1%	-179,7 k €	-2293%	8,2 k €	-37.0%	13 k €	-69.5%	42,6 k €	+338%	-17,9 k €	-222%	14,7 k €	-53.0%	31,2 k €	+107%	15,1 k €	+188%	-17,2 k €	-1722%	1,1 k €	+107%	-15,9 k €	+61.4%	-41,1 k €	-1709%	-2,3 k €	-107%	34 k €	+203%	11,2 k €	+130%	4,9 k €	+174%	-6,6 k €	-165%	10,1 k €
Balance sheet
Equity	-876 k €	-657%	-115,8 k €	-281%	63,9 k €	+14.7%	55,7 k €	+30.4%	42,7 k €	+30732%	138,6 €	-99.2%	18 k €	+438%	3,4 k €	+112%	-27,9 k €	+35.1%	-43 k €	-66.4%	-25,8 k €	+3.9%	-26,9 k €	-144%	-11 k €	-136%	30,1 k €	-7.0%	32,4 k €	+158%	12,5 k €	-4.2%	13,1 k €	+59.4%	8,2 k €	-44.4%	14,8 k €
Total assets	471,5 k €	+2.8%	458,6 k €	+30.1%	352,4 k €	+18.4%	297,7 k €	-3.3%	307,9 k €	-23.7%	403,8 k €	+3.6%	389,7 k €	+1.9%	382,3 k €	+19.4%	320,1 k €	-7.8%	347,3 k €	+4.1%	333,6 k €	-16.0%	397,3 k €	-9.5%	438,9 k €	+67.9%	261,4 k €	+12.6%	232,1 k €	-9.7%	257,2 k €	+120%	116,6 k €	+15.7%	100,8 k €	-1.5%	102,4 k €
Cash	81 k €	-26.5%	110,2 k €	+70.4%	64,7 k €	+3.8%	62,3 k €	+129%	27,2 k €	-66.2%	80,5 k €	-24.7%	107 k €	+68.3%	63,6 k €	+77.6%	35,8 k €	-11.4%	40,4 k €	+103%	20 k €	-51.5%	41,1 k €	+38.2%	29,7 k €	+61.9%	18,4 k €	+416%	3,6 k €	+99.9%	1,8 k €	-30.5%	2,6 k €	-59.5%	6,3 k €	+1420%	415,5 €
Debts	1,3 M €	+134%	574,4 k €	+99.1%	288,5 k €	+19.2%	241,9 k €	-8.8%	265,2 k €	-34.3%	403,6 k €	+8.6%	371,6 k €	-1.9%	378,9 k €	+9.0%	347,7 k €	-10.0%	386,1 k €	+7.4%	359,4 k €	-15.3%	424,2 k €	-5.5%	448,7 k €	+94.0%	231,3 k €	+15.8%	199,7 k €	-18.3%	244,5 k €	+137%	103,4 k €	+12.3%	92 k €	+5.0%	87,6 k €
Other
Workforce	10,2 ETP		–		12,3 ETP	-6.8%	13,2 ETP	0.0%	13,2 ETP	+2.3%	12,9 ETP		–		–		–		8,8 ETP	+6.0%	8,3 ETP	-5.7%	8,8 ETP	+35.4%	6,5 ETP	+3.2%	6,3 ETP	+3.3%	6,1 ETP	+32.6%	4,6 ETP	+17.9%	3,9 ETP	+30.0%	3,0 ETP	-9.1%	3,3 ETP

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 4 ended

Active mandates

Copains.group

Director · since 27 décembre 2023 · 0776.504.695

Represented by Olivier de Cartier

Active

Frédéric Van Pol

Managing director · since 27 décembre 2023 · until 30 juin 2025

Active

Jonathan de Cartier

Managing director · since 27 décembre 2023

Active

Ended mandates

Copains.group

Mandate · 0776.504.695

Ended

Copains.group

Mandate · 0776.504.695

Ended

Copains.group

Managing director · 0776.504.695

Represented by Olivier de Cartier

Ended

Jean-Louis RICHARD

Manager

Ended

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	12/05/2026	16/07/2025	26/07/2024	31/08/2023	29/08/2022	30/09/2021
General meeting	12/05/2026	30/06/2025	28/06/2024	30/06/2023	30/06/2022	30/06/2021
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	12/05/2026	12/05/2026	French	PDF
Abridged model	31/12/2024	30/06/2025	16/07/2025	French	PDF
Abridged model	31/12/2023	28/06/2024	26/07/2024	French	PDF
Abridged model	31/12/2022	30/06/2023	31/08/2023	French	PDF
Abridged model	31/12/2021	30/06/2022	29/08/2022	French	PDF
Abridged model	31/12/2020	30/06/2021	30/09/2021	French	PDF
Abridged model	31/12/2019	30/06/2020	17/11/2020	French	PDF
Micro model	31/12/2018	30/06/2019	30/09/2019	French	PDF
Micro model	31/12/2017	30/06/2018	30/08/2018	French	PDF
Micro model	31/12/2016	30/06/2017	29/09/2017	French	PDF
Abridged model	31/12/2015	29/09/2016	30/09/2016	French	PDF
Abridged model	31/12/2014	06/10/2015	07/10/2015	French	PDF
Abridged model	31/12/2013	16/04/2014	19/09/2014	French	PDF
Abridged model	31/12/2012	16/04/2013	06/08/2013	French	PDF
Abridged model	31/12/2011	16/04/2012	21/09/2012	French	PDF
Abridged model	31/12/2010	16/04/2011	22/09/2011	French	PDF
Abridged model	31/12/2009	30/07/2010	06/12/2010	French	PDF
Abridged model	31/12/2008	30/07/2009	18/08/2009	French	PDF
Abridged model	31/12/2007	28/11/2008	23/12/2008	French	PDF
Abridged model	31/12/2006	31/07/2007	06/08/2007	French	PDF

Estimate

Indicative valuation

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 · 3 active · 4 ended

Active mandates

Copains.group

Director · since 27 décembre 2023 · 0776.504.695

Represented by Olivier de Cartier

Active

Frédéric Van Pol

Managing director · since 27 décembre 2023 · until 30 juin 2025

Active

Jonathan de Cartier

Managing director · since 27 décembre 2023

Active

Ended mandates

Copains.group

Mandate · 0776.504.695

Ended

Copains.group

Mandate · 0776.504.695

Ended

Copains.group

Managing director · 0776.504.695

Represented by Olivier de Cartier

Ended

Jean-Louis RICHARD

Manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates03/10/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates03/01/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DENOMINATION - OBJET - DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE
PDF
Registered office31/08/2022
SIEGE SOCIAL
PDF
Mandates15/12/2021
DEMISSIONS, NOMINATIONS
PDF
Registered office12/12/2017
SIEGE SOCIAL
PDF
Registered office19/12/2007
SIEGE SOCIAL
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 2025-314,7 k €↓
2023
Annual accounts 2023-179,7 k €↓
2023
Name changeCopains Distribution
2022
Annual accounts 20228,2 k €↓
2021
Annual accounts 202113 k €↓
2021
Name changeCROISSANTERIE RICHARD
2020
Annual accounts 202042,6 k €↑
2019
Annual accounts 2019-17,9 k €↓
2018
Annual accounts 201814,7 k €↓
2017
Annual accounts 201731,2 k €↑
2016
Annual accounts 201615,1 k €↑
2015
Annual accounts 2015-17,2 k €↓
2014
Annual accounts 20141,1 k €↑
2013
Annual accounts 2013-15,9 k €↑
2012
Annual accounts 2012-41,1 k €↓
2011
Annual accounts 2011-2,3 k €↓
2010
Annual accounts 201034 k €↑
2009
Annual accounts 200911,2 k €↑
2008
Annual accounts 20084,9 k €↑
2007
Annual accounts 2007-6,6 k €↓
2006
Annual accounts 200610,1 k €
18/07/1990
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

Copains distribution

Overview

What does Copains distribution do?

Trend over 19 financial years

Board of directors

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