ACTIVE

COFINCO

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Financial year 2025 · closed on 31/12/2025

Net result

226,8 k €

-59.7% YoY

Gross margin

538,1 k €

-45.1% YoY

Equity

2,5 M €

+6.0% YoY

Workforce

2,2 ETP

+37.5% YoY

What does COFINCO do?

COFINCO is a Public limited company incorporated in 1998. Its main activity is: Management consultancy activities. Its registered office is in Sint-Martens-Latem. It employs on average 2,2 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0464.397.495

Incorporation

19/10/1998

Legal form

Public limited company

Registered office

Rode Beukendreef 5
9831 Sint-Martens-Latem · FlandreSee on map

Contributed capital

111 552,09 €

Latest accounts

31/12/2025

Average workforce

2,2 ETP

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 74142Specialised design activities 73200Market research and public opinion polling 73200Market research and public opinion polling 74131Specialised design activities

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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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	538,1 k €	-45.1%	979,4 k €	+82.7%	536,1 k €	+57.3%	340,9 k €	+0.7%	338,4 k €	+3.2%	328 k €	+25.9%	260,5 k €	+18.6%	219,6 k €	+9.1%	201,4 k €	-8.9%	221 k €	-15.9%	262,8 k €	+15.3%	227,9 k €	+21.2%	188 k €	-2.8%	193,4 k €	+2.1%	189,5 k €	+12.0%	169,1 k €	-15.0%	199 k €	-8.2%	216,6 k €	+13.6%	190,7 k €	+23.7%	154,1 k €
EBITDA	368,7 k €	-57.4%	865 k €	+89.0%	457,6 k €	+46.9%	311,5 k €	-2.2%	318,5 k €	+2.0%	312,3 k €	+30.8%	238,8 k €	+22.9%	194,3 k €	+9.8%	176,9 k €	-9.9%	196,4 k €	-20.9%	248,3 k €	+18.4%	209,6 k €	+16.6%	179,7 k €	-2.9%	185 k €	+2.1%	181,2 k €	+12.7%	160,7 k €	-14.8%	188,7 k €	-9.9%	209,5 k €	+16.2%	180,2 k €	+21.6%	148,2 k €
Operating result	339,9 k €	-58.9%	827,8 k €	+97.9%	418,4 k €	+54.3%	271,1 k €	+1.8%	266,2 k €	+6.6%	249,7 k €	+44.4%	172,9 k €	+35.0%	128,1 k €	+18.2%	108,4 k €	-10.3%	120,9 k €	-26.8%	165,2 k €	+28.2%	128,8 k €	+66.4%	77,4 k €	-20.9%	98 k €	-12.0%	111,3 k €	+9.1%	102 k €	+2.2%	99,7 k €	-35.1%	153,7 k €	+109%	73,5 k €	-20.3%	92,3 k €
Net result	226,8 k €	-59.7%	563,3 k €	+106%	274,1 k €	+75.7%	156 k €	+1.4%	153,9 k €	+6.2%	144,9 k €	+73.5%	83,5 k €	+22.9%	67,9 k €	+105%	33,2 k €	-42.0%	57,2 k €	-39.7%	95 k €	+13.8%	83,4 k €	+94.5%	42,9 k €	-34.7%	65,7 k €	-15.5%	77,8 k €	+8.3%	71,8 k €	-3.5%	74,3 k €	-26.6%	101,2 k €	+131%	43,8 k €	-43.1%	77,1 k €
Balance sheet
Equity	2,5 M €	+6.0%	2,4 M €	+31.0%	1,8 M €	+17.8%	1,5 M €	+7.8%	1,4 M €	+8.2%	1,3 M €	+8.2%	1,2 M €	+3.3%	1,2 M €	+2.0%	1,2 M €	-0.8%	1,2 M €	-0.2%	1,2 M €	+1.8%	1,2 M €	+0.8%	1,1 M €	-1.4%	1,2 M €	+0.6%	1,2 M €	+1.7%	1,1 M €	+2.7%	1,1 M €	+4.2%	1,1 M €	+10.6%	956 k €	+4.8%	912,1 k €
Total assets	3,2 M €	-2.9%	3,3 M €	+19.4%	2,8 M €	+13.2%	2,5 M €	+4.3%	2,4 M €	+4.9%	2,3 M €	+5.2%	2,1 M €	+1.8%	2,1 M €	+0.1%	2,1 M €	+2.5%	2,1 M €	-5.6%	2,2 M €	+2.5%	2,1 M €	-0.7%	2,1 M €	+11.9%	1,9 M €	-0.2%	1,9 M €	+2.7%	1,9 M €	+2.6%	1,8 M €	+22.5%	1,5 M €	-13.2%	1,7 M €	+29.0%	1,3 M €
Cash	370,8 k €	-31.6%	542,4 k €	+55.2%	349,5 k €	-62.5%	932,3 k €	+14.7%	812,9 k €	+13.4%	717 k €	-8.9%	787,1 k €	+10.7%	710,7 k €	+14.6%	619,9 k €	-18.7%	762,5 k €	-1.1%	771 k €	+23.6%	623,6 k €	+5.8%	589,6 k €	+34.1%	439,7 k €	+13.8%	386,4 k €	-6.0%	411,1 k €	+17.0%	351,3 k €	+361%	76,1 k €	+32.0%	57,6 k €	+222%	17,9 k €
Debts	681,9 k €	-27.5%	940,9 k €	-2.1%	961,5 k €	+4.1%	923,9 k €	-0.9%	931,9 k €	+0.3%	929,5 k €	+1.2%	918,8 k €	+0.0%	918,7 k €	-0.9%	926,9 k €	+6.7%	868,4 k €	-10.7%	972,1 k €	+1.7%	955,6 k €	-0.6%	961,3 k €	+32.4%	725,9 k €	-2.1%	741,5 k €	+4.3%	711,2 k €	+0.1%	710,4 k €	+68.2%	422,3 k €	-43.6%	748,5 k €	+82.8%	409,4 k €
Other
Workforce	2,2 ETP	+37.5%	1,6 ETP	+33.3%	1,2 ETP	+100%	0,6 ETP	+100%	0,3 ETP	0.0%	0,3 ETP	-40.0%	0,5 ETP	0.0%	0,5 ETP	0.0%	0,5 ETP	0.0%	0,5 ETP		–		–		–		–		–		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 27 ended

Active mandates

Arnaud VAN HECKE

Director · since 14 décembre 2022 · until 14 décembre 2028

Active

Michel VAN HECKE

Director · since 14 décembre 2022 · until 14 décembre 2028

Active

Ended mandates

Arline VAN HECKE

Managing director · since 14 décembre 2022 · until 12 novembre 2024

Ended

Arline VAN HECKE

Managing director · since 14 décembre 2022 · until 14 décembre 2028

Ended

Arline VAN HECKE

Managing director · since 27 mai 2021 · until 27 mai 2027

Ended

Arnaud VAN HECKE

Director · since 27 mai 2021 · until 27 mai 2027

Ended

At this address

Other companies at this address

Company	CBE no.
ILYOSON NV● Active	1002.225.675
INECO● Active	0462.623.385
NV ARAMIS PARTICIPATIES● Active	1002.225.378

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	19/08/2026	01/08/2025	26/08/2024	21/06/2023	29/06/2022	18/06/2021
General meeting	28/05/2026	30/05/2025	30/05/2024	25/05/2023	27/05/2022	27/05/2021
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
Abridged model	31/12/2025	28/05/2026	19/08/2026	Dutch	PDF
Abridged model	31/12/2024	30/05/2025	01/08/2025	Dutch	PDF
Abridged model	31/12/2023	30/05/2024	26/08/2024	Dutch	PDF
Abridged model	31/12/2022	25/05/2023	21/06/2023	Dutch	PDF
Abridged model	31/12/2021	27/05/2022	29/06/2022	Dutch	PDF
Abridged model	31/12/2020	27/05/2021	18/06/2021	Dutch	PDF
Abridged model	31/12/2019	28/05/2020	18/06/2020	Dutch	PDF
Abridged model	31/12/2018	31/05/2019	20/08/2019	Dutch	PDF
Abridged model	31/12/2017	31/05/2018	12/07/2018	Dutch	PDF
Abridged model	31/12/2016	25/05/2017	13/07/2017	Dutch	PDF
Abridged model	31/12/2015	26/05/2016	30/06/2016	Dutch	PDF
Abridged model	31/12/2014	28/05/2015	19/06/2015	Dutch	PDF
Abridged model	31/12/2013	30/05/2014	23/06/2014	Dutch	PDF
Abridged model	31/12/2012	30/05/2013	11/06/2013	Dutch	PDF
Abridged model	31/12/2011	31/05/2012	27/06/2012	Dutch	PDF
Abridged model	31/12/2010	26/05/2011	31/05/2011	Dutch	PDF
Abridged model	31/12/2009	27/05/2010	03/06/2010	Dutch	PDF
Abridged model	31/12/2008	28/05/2009	18/08/2009	Dutch	PDF
Abridged model	31/12/2007	29/05/2008	04/06/2008	Dutch	PDF
Abridged model	31/12/2006	31/05/2007	04/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 5 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 31/12/2025 · 2 active · 27 ended

Active mandates

Arnaud VAN HECKE

Director · since 14 décembre 2022 · until 14 décembre 2028

Active

Michel VAN HECKE

Director · since 14 décembre 2022 · until 14 décembre 2028

Active

Ended mandates

Arline VAN HECKE

Managing director · since 14 décembre 2022 · until 12 novembre 2024

Ended

Arline VAN HECKE

Managing director · since 14 décembre 2022 · until 14 décembre 2028

Ended

Arline VAN HECKE

Managing director · since 27 mai 2021 · until 27 mai 2027

Ended

Arnaud VAN HECKE

Director · since 27 mai 2021 · until 27 mai 2027

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Other28/12/2022
DIVERSEN
PDF
Mandates05/08/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates22/08/2017
ONTSLAGEN - BENOEMINGEN
PDF
Mandates12/10/2016
ONTSLAGEN - BENOEMINGEN
PDF
Mandates10/12/2010
ONTSLAGEN - BENOEMINGEN
PDF
Mandates16/11/2004
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares19/02/2004
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 2025226,8 k €↓
2024
Annual accounts 2024563,3 k €↑
2023
Annual accounts 2023274,1 k €↑
2022
Annual accounts 2022156 k €↑
2021
Annual accounts 2021153,9 k €↑
2020
Annual accounts 2020144,9 k €↑
2019
Annual accounts 201983,5 k €↑
2018
Annual accounts 201867,9 k €↑
2017
Annual accounts 201733,2 k €↓
2016
Annual accounts 201657,2 k €↓
2015
Annual accounts 201595 k €↑
2014
Annual accounts 201483,4 k €↑
2013
Annual accounts 201342,9 k €↓
2012
Annual accounts 201265,7 k €↓
2011
Annual accounts 201177,8 k €↑
2010
Annual accounts 201071,8 k €↓
2009
Annual accounts 200974,3 k €↓
2008
Annual accounts 2008101,2 k €↑
2007
Annual accounts 200743,8 k €↓
2006
Annual accounts 200677,1 k €
19/10/1998
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

COFINCO

Overview

What does COFINCO 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