ACTIVE

CHOCO

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Financial year 2025 · Closed on 31/12/2025

Net result134,4 k €+1,5 %over 1 year

Gross margin307,2 k €-4,4 %over 1 year

Equity459,9 k €+11,6 %over 1 year

Workforce1,2 ETP-29,4 %over 1 year

Identity

Source · BCE/KBO

CHOCO is a Cooperative society incorporated in 2001. Its main activity is: Advertising agencies. Its registered office is in Antwerpen. It employs on average 1,2 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0475.754.316
Incorporation: 02/10/2001
Legal form: Cooperative society
Registered office: Van Baurscheitlaan 16-18
2100 Antwerpen · FlandreSee on map
Contributed capital: 96 112,02 €
Latest accounts: 31/12/2025
Average workforce: 1,2 ETP

Activities (NACE)

73110Advertising agencies· main 73110Advertising agencies 74401Other professional, scientific and technical activities 70200Management consultancy activities 70220Business and other management consultancy activities

Joint committees (3)

200
20000
218

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 21 filings

Trend over 17 financial years

	2025		2024		2023		2022		2018
Income statement
Gross margin	307,2 k €	-4.4%	321,2 k €	-4.2%	335,2 k €	-27.7%	463,5 k €	-53.5%	996 k €
EBITDA	233,3 k €	+5.1%	221,9 k €	+119%	101,2 k €	-43.7%	179,5 k €	-65.1%	514,6 k €
Operating result	219,1 k €	+9.3%	200,6 k €	+136%	85,1 k €	-37.8%	136,6 k €	-70.3%	459,5 k €
Net result	134,4 k €	+1.5%	132,4 k €	+156%	51,6 k €	-32.0%	76 k €	-74.3%	295,5 k €
Balance sheet
Equity	459,9 k €	+11.6%	412,1 k €	+10.1%	374,4 k €	-16.7%	449,6 k €	-37.4%	718,6 k €
Total assets	966,1 k €	+17.9%	819,4 k €	+1.6%	806,5 k €	-30.1%	1,2 M €	-19.6%	1,4 M €
Cash	342 k €	+20.7%	283,5 k €	+130%	123,2 k €	-46.3%	229,3 k €	-70.8%	784,2 k €
Debts	278,6 k €	+20.2%	231,8 k €	-6.9%	249,1 k €	-53.5%	536,1 k €	-3.3%	554,2 k €
Other
Workforce	1,2 ETP	-29.4%	1,7 ETP	-48.5%	3,3 ETP	-37.7%	5,3 ETP	-32.9%	7,9 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 2 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Krist Pauwels	Directorsince 13/02/2002
Steven Pauwels	Managing directorsince 13/02/2002
Veerle Miller	Managing directorDirector13/02/2002 → 2010 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Kristiaan Dieltiens	Chairman of the board of directors13/02/2002 → 2010 accounts
Kristien Verellen	Director13/02/2002 → 07/07/2006

Other companies at this address

Van Baurscheitlaan 16-18 2100 Antwerpen

Company	CBE no.
Cacao● Active	0804.839.088
VRAMDOR● Active	0802.727.458

Full financial information

Source · NBB

	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	27/05/2026	15/06/2025	20/03/2024	13/06/2023	28/03/2022	27/05/2021
General meeting	04/05/2026	26/05/2025	08/03/2024	20/04/2023	10/03/2022	15/04/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 21 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	04/05/2026	27/05/2026	Dutch	PDF
Abridged model	31/12/2024	26/05/2025	15/06/2025	Dutch	PDF
Abridged model	31/12/2023	08/03/2024	20/03/2024	Dutch	PDF
Abridged model	31/12/2022	20/04/2023	13/06/2023	Dutch	PDF
Abridged model	31/12/2021	10/03/2022	28/03/2022	Dutch	PDF
Abridged model	31/12/2020	15/04/2021	27/05/2021	Dutch	PDF
Abridged modelCorrection	31/12/2019	30/06/2020	13/08/2020	Dutch	PDF
Abridged model	31/12/2019	22/04/2020	06/05/2020	Dutch	PDF
Abridged model	31/12/2018	02/05/2019	16/05/2019	Dutch	PDF
Abridged model	31/12/2017	03/05/2018	01/06/2018	Dutch	PDF
Abridged model	31/12/2016	04/05/2017	17/05/2017	Dutch	PDF
Abridged model	31/12/2015	20/04/2016	30/06/2016	Dutch	PDF
Abridged model	31/12/2014	21/05/2015	20/07/2015	Dutch	PDF
Abridged model	31/12/2013	27/05/2014	08/07/2014	Dutch	PDF
Abridged model	31/12/2012	18/04/2013	18/05/2013	Dutch	PDF
Abridged model	31/12/2011	08/05/2012	07/06/2012	Dutch	PDF
Abridged model	31/12/2010	04/05/2011	20/05/2011	Dutch	PDF
Abridged model	31/12/2009	26/05/2010	15/07/2010	Dutch	PDF
Abridged model	31/12/2008	03/06/2009	10/06/2009	Dutch	PDF
Abridged model	31/12/2007	04/06/2008	10/06/2008	Dutch	PDF
Abridged model	31/12/2006	03/05/2007	31/05/2007	Dutch	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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.

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 2 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Krist Pauwels	Directorsince 13/02/2002
Steven Pauwels	Managing directorsince 13/02/2002
Veerle Miller	Managing directorDirector13/02/2002 → 2010 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Kristiaan Dieltiens	Chairman of the board of directors13/02/2002 → 2010 accounts
Kristien Verellen	Director13/02/2002 → 07/07/2006

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Restructuring22/11/2023
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring29/06/2023
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates07/01/2016
ontslag en herbenoemingen
PDF
Mandates08/09/2014
Herbenoeming bestuurders.
PDF
Registered office05/03/2012
Verplaatsing maatschappelijke zetel
PDF
Other09/12/2011
DIVERSEN
PDF
Capital / shares13/07/2010
Rechtzetting materiële vergissing - spiitsing aandelen - aanpassing van
PDF
Mandates01/06/2007
Ontslagen en benoemingen
PDF

Similar companies

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

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings17 filings

Mandates

Steven Pauwels

Veerle MILLER

Krist Pauwels

Kristiaan Dieltiens

Kristien Verellen

20012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026

CHOCO

Van Baurscheitlaan 16-18, 2100 Deurne (Antwerp)Van Baurscheitlaan 16 Bus -18, 2100 Deurne (Antwerp)

Managing director

Managing directorDirector

Director

Chairman of the board of directors

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Van Baurscheitlaan 16-18, 2100 Deurne (Antwerp)Current	accounts 2025	Accounts 2025 · 2026-00122607
Van Baurscheitlaan 16 Bus -18, 2100 Deurne (Antwerp)	accounts 2023 → 2024	Accounts 2024 · 2025-00151517
Van Baurscheitlaan 16-18, 2100 Deurne (Antwerp)	accounts 2022	Accounts 2022 · 2023-00121105

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
CHOCOCurrent	accounts 2022 → 2025	Accounts 2025 · 2026-00122607

Events

2025
Annual accounts 2025134,4 k €↑
2024
Annual accounts 2024132,4 k €↑
2023
Annual accounts 202351,6 k €↓
2022
Annual accounts 202276 k €↓
2018
Annual accounts 2018295,5 k €↑
2017
Annual accounts 2017157,1 k €↑
2016
Annual accounts 2016111,8 k €↑
2015
Annual accounts 20159,3 k €↓
2014
Annual accounts 2014148,1 k €↑
2013
Annual accounts 201368,9 k €↑
2012
Annual accounts 201253,4 k €↓
2011
Annual accounts 201179 k €↑
2010
Annual accounts 201063,5 k €↑
2009
Annual accounts 200910,4 k €↓
2008
Annual accounts 2008105,1 k €↑
2007
Annual accounts 200760,9 k €↓
2006
Annual accounts 200687,8 k €
02/10/2001
IncorporationCooperative society

CHOCO

Overview

Identity

Financials

Valuation

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

Timeline

Registered offices

Company names

Events