ACTIVE

COBEL FLANDERS

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Financial year 2025 · Closed on 31/12/2025

Net result-1,8 M €-282,4 %over 1 year
Gross margin4,6 M €-0,7 %over 1 year
Equity15,1 M €-10,8 %over 1 year

Identity

Source · BCE/KBO

COBEL FLANDERS is a Public limited company incorporated in 2000. Its main activity is: Development of building projects. Its registered office is in Antwerpen.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0471.783.452
Incorporation
28/04/2000
Legal form
Public limited company
Registered office
Posthofbrug 16
2600 Antwerpen · FlandreSee on map
Contributed capital
16 250 000,00 €
Latest accounts
31/12/2025
Signals
Good liquidityPositive cashflowPositive EBITDA

Financials

Source · NBB, 22 filings

Trend over 20 financial years

20252024202320222021
Income statement
Gross margin4,6 M €4,7 M €5,2 M €5 M €4,8 M €
EBITDA674,7 k €3,7 M €4,1 M €4,5 M €4,3 M €
Operating result-1,3 M €1,8 M €2,1 M €2,6 M €2,4 M €
Net result-1,8 M €1 M €1,2 M €1,8 M €1,7 M €
Balance sheet
Equity15,1 M €17 M €17 M €16,7 M €15,9 M €
Total assets60,4 M €67,9 M €74,1 M €75,2 M €81,2 M €
Cash594,6 k €1,8 M €4 M €2,1 M €4,6 M €
Debts32,8 M €37,1 M €41,6 M €41,3 M €46,4 M €

Valuation

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 23 ended

Active mandates

Christophe Hamal

Director · since 21 octobre 2022 · until 02 juin 2027

Active
MERNO IMMO

Director · since 30 mai 2018 · until 07 juin 2028 · 0400.038.886

Represented by Wim Kinnet

Active

Ended mandates

Christophe Hamal

Director · since 21 octobre 2022 · until 21 octobre 2027

Ended
BALOISE BELGIUM

Director · since 01 janvier 2020 · until 31 août 2021 · 0400.048.883

Represented by Hendricus Janssen

Ended
BALOISE BELGIUM

Director · since 01 janvier 2020 · until 30 mai 2025 · 0400.048.883

Represented by Gert Vernaillen

Ended
BALOISE BELGIUM

Director · since 01 janvier 2020 · until 25 mai 2026 · 0400.048.883

Represented by Gert Vernaillen

Ended

Other companies at this address

Posthofbrug 16 2600 Antwerpen
CompanyCBE no.
BALOISE BELGIUM● Active
0400.048.883
B'Cover by Baloise● Active
0437.008.754
Boerhaave● Active
0667.976.345
CREATIVE EATERY● Active
0476.897.827
J. Haenecour & Co● Active
0404.474.360
Mercator Immo● Active
0894.664.751
MERNO IMMO● Active
0400.038.886
NOORD STER● Active
0808.252.597
Pacific Real Estate● Active
0452.651.785
POSTSITE AALST A● Active
0844.402.717
POSTSITE AALST B● Active
0844.403.608
POSTSITE AALST PARKING● Active
0844.404.103
Singel Office Antwerpen● Active
0467.195.055
SOUVERAIN 25● Active
0736.430.730
VAC DE MEANDER● Active
0628.888.216
VAN VAEK ZENITH IMMO● Active
0472.406.232

Full financial information

Source · NBB
202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date09/06/202610/06/202511/06/202431/05/202315/12/202202/06/2021
General meeting03/06/202604/06/202505/06/202430/05/202330/05/202230/05/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 22 filings
ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202503/06/202609/06/2026DutchPDF
Abridged model31/12/202404/06/202510/06/2025DutchPDF
Abridged model31/12/202305/06/202411/06/2024DutchPDF
Abridged model31/12/202230/05/202331/05/2023DutchPDF
Abridged modelCorrection31/12/202130/05/202215/12/2022DutchPDF
Abridged model31/12/202130/05/202217/06/2022DutchPDF
Abridged model31/12/202030/05/202102/06/2021DutchPDF
Abridged model31/12/201930/05/202009/06/2020DutchPDF
Abridged model31/12/201830/05/201917/06/2019DutchPDF
Abridged model31/12/201730/05/201808/06/2018DutchPDF
Full model31/12/201630/05/201714/06/2017DutchPDF
Full model31/12/201530/05/201616/06/2016DutchPDF
Full modelCorrection31/12/201401/06/201526/10/2015DutchPDF
Full model31/12/201401/06/201509/06/2015DutchPDF
Full model31/12/201302/06/201418/06/2014DutchPDF
Full model31/12/201230/05/201311/06/2013DutchPDF
Full model31/12/201130/05/201204/06/2012DutchPDF
Full model31/12/201030/05/201108/06/2011DutchPDF
Full model31/12/200931/05/201007/06/2010DutchPDF
Full model31/12/200830/05/200911/06/2009DutchPDF
Full model31/12/200730/05/200803/06/2008DutchPDF
Full model31/12/200630/05/200701/06/2007DutchPDF

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.

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 23 ended

Active mandates

Christophe Hamal

Director · since 21 octobre 2022 · until 02 juin 2027

Active
MERNO IMMO

Director · since 30 mai 2018 · until 07 juin 2028 · 0400.038.886

Represented by Wim Kinnet

Active

Ended mandates

Christophe Hamal

Director · since 21 octobre 2022 · until 21 octobre 2027

Ended
BALOISE BELGIUM

Director · since 01 janvier 2020 · until 31 août 2021 · 0400.048.883

Represented by Hendricus Janssen

Ended
BALOISE BELGIUM

Director · since 01 janvier 2020 · until 30 mai 2025 · 0400.048.883

Represented by Gert Vernaillen

Ended
BALOISE BELGIUM

Director · since 01 janvier 2020 · until 25 mai 2026 · 0400.048.883

Represented by Gert Vernaillen

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates22/09/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other05/01/2024
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - DOEL
    PDF
  • Mandates28/06/2023
    KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates23/12/2022
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates15/06/2022
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates06/09/2021
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates30/07/2018
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates14/03/2017
    ONTSLAGEN - BENOEMINGEN
    PDF

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

  1. 2025
    Annual accounts 2025-1,8 M €↓
  2. 04/06/2025
    nominationBV Ernst en Young Bedrijfsrevisoren — commissaris
  3. 2024
    Annual accounts 20241 M €↓
  4. 2023
    Annual accounts 20231,2 M €↓
  5. 30/05/2023
    reconductionMerno Immo NV — bestuurder
  6. 2022
    Annual accounts 20221,8 M €↑
  7. 21/10/2022
    nominationChristophe Hamai — bestuurder
  8. 30/05/2022
    reconductionBV Ernst en Young Bedrijfsrevisoren — commissaris
  9. 2021
    Annual accounts 20211,7 M €↓
  10. 2020
    Annual accounts 20201,8 M €↑
  11. 2019
    Annual accounts 20191,6 M €↑
  12. 2018
    Annual accounts 20181,5 M €↑
  13. 2017
    Annual accounts 20171,4 M €↑
  14. 2016
    Annual accounts 20161,2 M €↑
  15. 2015
    Annual accounts 2015674,3 k €↑
  16. 2014
    Annual accounts 2014427,2 k €↑
  17. 2013
    Annual accounts 2013-813,8 k €↓
  18. 2012
    Annual accounts 2012425,1 k €↓
  19. 2011
    Annual accounts 20111,1 M €↑
  20. 2010
    Annual accounts 2010421,7 k €↓
  21. 2009
    Annual accounts 20091,4 M €↓
  22. 2008
    Annual accounts 20085,2 M €↑
  23. 2007
    Annual accounts 20073,4 M €↓
  24. 2006
    Annual accounts 200615,6 M €
  25. 28/04/2000
    IncorporationPublic limited company