COSABEL
0473.720.482 · rovalta.com · 22/09/2026
ACTIVE
COSABEL
Financial year 2025 · closed on 31/12/2025
Net result
-17,7 k €
+40.2% YoY
Gross margin
-6,8 k €
+61.0% YoY
Equity
-65,7 k €
-37.0% YoY
Overview
What does COSABEL do?
COSABEL is a Public limited company incorporated in 2001. Its main activity is: Activities of holding companies. Its registered office is in Bruxelles.
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0473.720.482
Incorporation
05/01/2001
Legal form
Public limited company
Registered office
Rue du Midi 2 box 2
1000 Bruxelles · BruxellesSee on map
1000 Bruxelles · BruxellesSee on map
Contributed capital
400 000,00 €
Latest accounts
31/12/2025
Activities (NACE)
Joint committees (2)
- 100
- 218
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Financials
Trend over 19 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2008 | 2007 | 2006 | |||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||||||||||||||||||||||||||||||
| Gross margin | -6,8 k € | +61.0% | -17,5 k € | +56.8% | -40,4 k € | -128% | 142,9 k € | – | – | – | – | – | – | – | – | – | – | – | 370,3 k € | +64.6% | 224,9 k € | +56.3% | 143,9 k € | -48.5% | 279,4 k € | ||||||||||||
| EBITDA | -7,2 k € | +59.7% | -17,9 k € | +56.2% | -40,8 k € | -129% | 142,9 k € | +369% | -53 k € | +64.2% | -148 k € | +77.6% | -660,6 k € | +67.6% | -2 M € | -0.9% | -2 M € | -16440% | -12,2 k € | +92.3% | -158,7 k € | -127% | 584,2 k € | +327% | -257 k € | -294% | 132,6 k € | +173% | -182,6 k € | -234% | 136,2 k € | +99.6% | 68,2 k € | +207% | -63,9 k € | -141% | 154,8 k € |
| Operating result | -7,2 k € | +59.7% | -17,9 k € | +56.2% | -40,8 k € | -124% | 172,9 k € | +426% | -53 k € | +69.7% | -175 k € | +73.7% | -664,1 k € | +68.2% | -2,1 M € | -1.1% | -2,1 M € | -2885% | -69,2 k € | +70.8% | -237,1 k € | -144% | 534,8 k € | +275% | -305,3 k € | -468% | 82,9 k € | +134% | -244,5 k € | -432% | 73,6 k € | +199% | 24,6 k € | +127% | -92,8 k € | -167% | 138,2 k € |
| Net result | -17,7 k € | +40.2% | -29,6 k € | +40.9% | -50,2 k € | -130% | 165,8 k € | +576% | -34,9 k € | +80.2% | -176 k € | -125% | 699,7 k € | +128% | -2,5 M € | -1661% | 159,2 k € | +108% | -2,1 M € | +47.1% | -3,9 M € | -5119% | 77,7 k € | +106% | -1,2 M € | -518% | -200,8 k € | +24.6% | -266,4 k € | -787% | -30 k € | -451% | -5,5 k € | -105% | 103 k € | +107% | -1,6 M € |
| Balance sheet | |||||||||||||||||||||||||||||||||||||
| Equity | -65,7 k € | -37.0% | -47,9 k € | -162% | -18,3 k € | -157% | 31,9 k € | +124% | -133,9 k € | -35.2% | -99 k € | -228% | 77 k € | +112% | -622,7 k € | +92.5% | -8,3 M € | +1.9% | -8,4 M € | -32.4% | -6,4 M € | -157% | -2,5 M € | +3.0% | -2,6 M € | -94.4% | -1,3 M € | -18.0% | -1,1 M € | -31.4% | -847,9 k € | +32.6% | -1,3 M € | -0.4% | -1,3 M € | +7.6% | -1,4 M € |
| Total assets | 192,2 k € | -0.4% | 193 k € | -2.8% | 198,6 k € | +2.2% | 194,3 k € | -9.7% | 215,2 k € | -48.4% | 417,5 k € | -58.0% | 994 k € | -90.7% | 10,7 M € | -10.1% | 11,9 M € | -15.8% | 14,1 M € | +4.7% | 13,4 M € | -6.9% | 14,4 M € | +21.3% | 11,9 M € | +2.6% | 11,6 M € | +11.2% | 10,4 M € | -6.8% | 11,2 M € | +94.9% | 5,7 M € | -32.7% | 8,5 M € | +13.9% | 7,5 M € |
| Cash | 84,9 € | +89.6% | 44,8 € | -97.4% | 1,7 k € | +56.9% | 1,1 k € | -89.4% | 10,3 k € | -94.0% | 172,8 k € | -59.9% | 431,5 k € | +1877% | 21,8 k € | -13.1% | 25,1 k € | -95.5% | 557,4 k € | +239% | 164,3 k € | +309% | 40,2 k € | -70.5% | 136 k € | +192% | 46,5 k € | -88.4% | 401,7 k € | -59.6% | 993,2 k € | +508% | 163,4 k € | +113% | 76,8 k € | +18592% | 411 € |
| Debts | 255,5 k € | +7.1% | 238,6 k € | +11.2% | 214,6 k € | +34.0% | 160,2 k € | -49.4% | 316,8 k € | -34.6% | 484,2 k € | -45.3% | 884,6 k € | -89.9% | 8,7 M € | -50.6% | 17,6 M € | -21.6% | 22,5 M € | +13.8% | 19,8 M € | +17.2% | 16,9 M € | +17.7% | 14,3 M € | +14.7% | 12,5 M € | +8.5% | 11,5 M € | -4.0% | 12 M € | +89.6% | 6,3 M € | -31.9% | 9,3 M € | +7.8% | 8,6 M € |
| Other | |||||||||||||||||||||||||||||||||||||
| Workforce | – | – | – | – | – | – | – | – | – | 0,4 ETP | -60.0% | 1,0 ETP | 0.0% | 1,0 ETP | -81.5% | 5,4 ETP | -10.0% | 6,0 ETP | +15.4% | 5,2 ETP | +62.5% | 3,2 ETP | +28.0% | 2,5 ETP | -16.7% | 3,0 ETP | +11.1% | 2,7 ETP | |||||||||
Governance
Board of directors
Seen on filing of 31/12/2025 · 3 active · 34 ended
Active mandates
Antoine Morzadec
ActiveHubert Boyer
ActiveHubert BOYER
ActiveEnded mandates
At this address
Other companies at this address
| Company | CBE no. |
|---|---|
ARCADY● Active | 0448.414.370 |
| 0875.392.633 | |
| 0478.371.534 | |
BUJA COMPANY● Active | 0753.365.445 |
Inedetis● Active | 0658.915.060 |
LES AMIS DU FONDS MERCATOR● Active | 0899.638.574 |
MARALEX● Active | 0436.983.713 |
Mercatorfonds● Active | 0404.784.463 |
PULSAR ICT● Active | 0648.958.308 |
Financials
Annual accounts
Full financial information
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Type of account | Micro model | Micro model | Micro model | Micro 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 | 24/06/2026 | 12/08/2025 | 27/08/2024 | 23/08/2023 | 11/10/2022 | 30/09/2021 |
| General meeting | 12/06/2026 | 13/06/2025 | 03/06/2024 | 05/06/2023 | 29/09/2022 | 31/08/2021 |
| 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
Looking for more information about this company?
Try for 7 daysFilings
Annual accounts filings
20 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Micro model | 31/12/2025 | 12/06/2026 | 24/06/2026 | French | |
| Micro model | 31/12/2024 | 13/06/2025 | 12/08/2025 | French | |
| Micro model | 31/12/2023 | 03/06/2024 | 27/08/2024 | French | |
| Micro model | 31/12/2022 | 05/06/2023 | 23/08/2023 | French | |
| Full model | 31/12/2021 | 29/09/2022 | 11/10/2022 | French | |
| Full model | 31/12/2020 | 31/08/2021 | 30/09/2021 | French | |
| Full model | 31/12/2019 | 12/06/2020 | 09/10/2020 | French | |
| Full model | 31/12/2018 | 27/09/2019 | 23/10/2019 | French | |
| Full model | 31/12/2017 | 27/09/2018 | 08/11/2018 | French | |
| Full model | 31/12/2016 | 30/06/2017 | 31/08/2017 | French | |
| Full model | 31/12/2015 | 30/06/2016 | 29/08/2016 | French | |
| Full model | 31/12/2014 | 12/06/2015 | 28/07/2015 | French | |
| Full model | 31/12/2013 | 17/06/2014 | 03/10/2014 | French | |
| Full model | 31/12/2012 | 14/06/2013 | 17/07/2013 | French | |
| Full model | 31/12/2011 | 08/06/2012 | 24/08/2012 | French | |
| Abridged model | 31/12/2010 | 10/06/2011 | 07/09/2011 | French | |
| Abridged model | 31/12/2009 | 11/06/2010 | 27/08/2010 | French | |
| Abridged model | 31/12/2008 | 26/06/2009 | 30/06/2009 | French | |
| Abridged model | 31/12/2007 | 26/08/2008 | 26/08/2008 | French | |
| Abridged model | 31/12/2006 | 05/06/2007 | 30/08/2007 | French |
Valuation
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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Governance
Board of directors
Seen on filing of 31/12/2025 · 3 active · 34 ended
Active mandates
Antoine Morzadec
ActiveHubert Boyer
ActiveHubert BOYER
ActiveEnded mandates
Shareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
- Mandates20/08/2025DEMISSIONS, NOMINATIONS
- Mandates19/04/2023SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
- Mandates24/04/2019DEMISSIONS, NOMINATIONS
- Capital / shares27/12/2018CAPITAL, ACTIONS
- Mandates17/08/2018DEMISSIONS, NOMINATIONS
- Mandates02/04/2013DEMISSIONS, NOMINATIONS
- Mandates01/10/2010SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
- Other17/04/2009Modification de la date de l'assemblée générale ordinaire.
Source: Belgian Official Gazette
Similar companies
Competition
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 2025-17,7 k €↑
- 2024Annual accounts 2024-29,6 k €↑
- 2023Annual accounts 2023-50,2 k €↓
- 2022Annual accounts 2022165,8 k €↑
- 2021Annual accounts 2021-34,9 k €↑
- 2020Annual accounts 2020-176 k €↓
- 2019Annual accounts 2019699,7 k €↑
- 2018Annual accounts 2018-2,5 M €↓
- 2017Annual accounts 2017159,2 k €↑
- 2016Annual accounts 2016-2,1 M €↑
- 2015Annual accounts 2015-3,9 M €↓
- 2014Annual accounts 201477,7 k €↑
- 2013Annual accounts 2013-1,2 M €↓
- 2012Annual accounts 2012-200,8 k €↑
- 2011Annual accounts 2011-266,4 k €↓
- 2010Annual accounts 2010-30 k €↓
- 2008Annual accounts 2008-5,5 k €↓
- 2007Annual accounts 2007103 k €↑
- 2006Annual accounts 2006-1,6 M €
- 05/01/2001IncorporationPublic limited company