ACTIVE

COBECO

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Financial year 2025 · closed on 31/12/2025

Net result

19,3 k €

-14.7% YoY

Gross margin

37,1 k €

-8.0% YoY

Equity

112,6 k €

+20.7% YoY

What does COBECO do?

COBECO is a Private limited company incorporated in 2002. Its main activity is: Agents involved in the sale of machinery, industrial equipment, ships and aircraft. Its registered office is in Berlaar.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0476.836.261

Incorporation

05/02/2002

Legal form

Private limited company

Registered office

Stationsstraat 217 box 1
2590 Berlaar · FlandreSee on map

Latest accounts

31/12/2025

Activities (NACE)

46140Agents involved in the sale of machinery, industrial equipment, ships and aircraft· main 46140Agents involved in the sale of machinery, industrial equipment, ships and aircraft 51140Passenger air transport

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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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	37,1 k €	-8.0%	40,4 k €	-14.1%	47 k €	+105%	23 k €	-26.7%	31,3 k €	+45.2%	21,6 k €	+125%	9,6 k €	+11.0%	8,6 k €	+17.5%	7,3 k €	-33.6%	11,1 k €	-30.3%	15,9 k €	+21.2%	13,1 k €	-57.1%	30,5 k €	+9.9%	27,8 k €	+11.8%	24,8 k €	+186%	8,7 k €	-72.4%	31,4 k €	-24.5%	41,6 k €	+44.1%	28,9 k €	-47.0%	54,4 k €
EBITDA	35,6 k €	-8.8%	39,1 k €	-14.0%	45,4 k €	+105%	22,2 k €	-27.7%	30,7 k €	+45.2%	21,1 k €	+131%	9,1 k €	+385%	1,9 k €	-71.8%	6,7 k €	-36.1%	10,5 k €	-14.3%	12,2 k €	-3.9%	12,7 k €	-57.3%	29,8 k €	+7.8%	27,6 k €	+15.7%	23,9 k €	+192%	8,2 k €	-73.4%	30,7 k €	-25.2%	41 k €	+42.9%	28,7 k €	-47.0%	54,2 k €
Operating result	31 k €	-14.8%	36,4 k €	-14.4%	42,5 k €	+123%	19 k €	-28.7%	26,7 k €	+56.3%	17,1 k €	+235%	5,1 k €	+491%	-1,3 k €	-119%	6,7 k €	-36.1%	10,5 k €	-14.3%	12,2 k €	+10.6%	11 k €	-60.2%	27,7 k €	+51.5%	18,3 k €	+24.3%	14,7 k €	+633%	-2,8 k €	-142%	6,5 k €	-53.7%	14,1 k €	-24.4%	18,6 k €	-61.8%	48,7 k €
Net result	19,3 k €	-14.7%	22,7 k €	-10.8%	25,4 k €	+148%	10,3 k €	-31.3%	14,9 k €	+28.6%	11,6 k €	+258%	3,2 k €	+267%	-1,9 k €	-155%	3,5 k €	-54.8%	7,8 k €	+14616%	-53,6 €	-102%	3,2 k €	-80.6%	16,7 k €	+40.5%	11,9 k €	+35.3%	8,8 k €	+171%	-12,4 k €	-71.4%	-7,2 k €	-419%	2,3 k €	-86.3%	16,5 k €	-62.1%	43,5 k €
Balance sheet
Equity	112,6 k €	+20.7%	93,3 k €	+30.6%	71,4 k €	+52.5%	46,8 k €	+21.9%	38,4 k €	-8.7%	42,1 k €	+38.0%	30,5 k €	+11.9%	27,3 k €	-6.6%	29,2 k €	+13.7%	25,7 k €	+43.4%	17,9 k €	-0.3%	18 k €	+110%	8,6 k €	+360%	1,9 k €	+8171%	-23,1 €	+99.7%	-8,8 k €	-348%	3,5 k €	-52.9%	7,5 k €	-22.9%	9,8 k €	+1023%	870 €
Total assets	132 k €	+13.7%	116 k €	+14.9%	101 k €	+34.8%	74,9 k €	+3.1%	72,7 k €	-12.5%	83,1 k €	+13.3%	73,3 k €	-3.4%	75,8 k €	+116%	35,1 k €	-21.8%	44,9 k €	+10.2%	40,7 k €	+4.4%	39 k €	-23.8%	51,2 k €	+1.5%	50,4 k €	-23.0%	65,5 k €	+33.9%	48,9 k €	-26.3%	66,3 k €	+2.4%	64,8 k €	+2.4%	63,3 k €	+34.8%	46,9 k €
Cash	34,1 k €	-9.8%	37,9 k €	+10.9%	34,1 k €	+108%	16,4 k €	-36.5%	25,8 k €	+32.3%	19,5 k €	+200%	6,5 k €	+98.2%	3,3 k €	-57.1%	7,7 k €	+1290%	552,5 €	-92.2%	7,1 k €	+1403%	471,1 €	-93.8%	7,6 k €	-37.2%	12,1 k €	+0.1%	12,1 k €	+163%	4,6 k €	+80.5%	2,6 k €	-66.6%	7,6 k €	+831%	820 €		–
Debts	19,4 k €	-14.9%	22,8 k €	-23.0%	29,6 k €	+5.2%	28,1 k €	-18.0%	34,2 k €	-16.4%	40,9 k €	-4.3%	42,8 k €	-11.9%	48,6 k €	+726%	5,9 k €	-69.4%	19,2 k €	-15.9%	22,8 k €	+8.4%	21,1 k €	-50.6%	42,6 k €	-12.3%	48,6 k €	-25.8%	65,5 k €	+13.5%	57,7 k €	-8.1%	62,8 k €	+9.7%	57,2 k €	+7.0%	53,5 k €	+16.2%	46 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 8 ended

Active mandates

Herbert Jaak Cornelissen

Administrator - manager · since 22 janvier 2002

Active

Ended mandates

Bert CORNELISSEN

Manager · since 22 janvier 2002

Ended

Herbert Jaak M Cornelissen

Director · since 22 janvier 2002

Ended

Herbert Jaak M Cornelissen

Administrator - manager · since 22 janvier 2002

Ended

Herbert Jaak M Cornelissen

Manager · since 22 janvier 2002

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro 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	30/08/2026	31/07/2025	19/11/2024	07/11/2023	29/09/2022	31/08/2021
General meeting	18/06/2026	18/06/2025	18/06/2024	19/06/2023	18/06/2022	18/06/2021
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

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	18/06/2026	30/08/2026	Dutch	PDF
Micro model	31/12/2024	18/06/2025	31/07/2025	Dutch	PDF
Micro model	31/12/2023	18/06/2024	19/11/2024	Dutch	PDF
Micro model	31/12/2022	19/06/2023	07/11/2023	Dutch	PDF
Micro model	31/12/2021	18/06/2022	29/09/2022	Dutch	PDF
Micro model	31/12/2020	18/06/2021	31/08/2021	Dutch	PDF
Micro model	31/12/2019	18/06/2020	30/09/2020	Dutch	PDF
Micro model	31/12/2018	18/06/2019	29/08/2019	Dutch	PDF
Micro model	31/12/2017	18/06/2018	30/09/2018	Dutch	PDF
Micro model	31/12/2016	19/06/2017	31/08/2017	Dutch	PDF
Abridged model	31/12/2015	18/06/2016	30/09/2016	Dutch	PDF
Abridged model	31/12/2014	18/06/2015	07/07/2015	Dutch	PDF
Abridged model	31/12/2013	18/06/2014	22/07/2014	Dutch	PDF
Abridged model	31/12/2012	18/06/2013	03/07/2013	Dutch	PDF
Abridged model	31/12/2011	18/06/2012	09/07/2012	Dutch	PDF
Abridged model	31/12/2010	18/06/2011	01/07/2011	Dutch	PDF
Abridged model	31/12/2009	18/06/2010	08/07/2010	Dutch	PDF
Abridged model	31/12/2008	18/06/2009	06/07/2009	Dutch	PDF
Abridged model	31/12/2007	18/06/2008	29/07/2008	Dutch	PDF
Abridged modelCorrection	31/12/2006	18/06/2007	27/08/2007	Dutch	PDF
Abridged model	31/12/2006	18/06/2007	16/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 8 ended

Active mandates

Herbert Jaak Cornelissen

Administrator - manager · since 22 janvier 2002

Active

Ended mandates

Bert CORNELISSEN

Manager · since 22 janvier 2002

Ended

Herbert Jaak M Cornelissen

Director · since 22 janvier 2002

Ended

Herbert Jaak M Cornelissen

Administrator - manager · since 22 janvier 2002

Ended

Herbert Jaak M Cornelissen

Manager · since 22 janvier 2002

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates14/12/2021
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - DIVERSEN - ONTSLAGEN - BENOEMINGEN
PDF
Registered office16/05/2018
MAATSCHAPPELIJKE ZETEL
PDF
Registered office07/09/2012
MAATSCHAPPELIJKE ZETEL
PDF
Registered office08/04/2009
MAATSCHAPPELIJKE ZETEL
PDF
Registered office20/07/2006
MAATSCHAPPELIJKE ZETEL
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 202519,3 k €↓
2024
Annual accounts 202422,7 k €↓
2023
Annual accounts 202325,4 k €↑
2022
Annual accounts 202210,3 k €↓
2021
Annual accounts 202114,9 k €↑
2020
Annual accounts 202011,6 k €↑
2019
Annual accounts 20193,2 k €↑
2018
Annual accounts 2018-1,9 k €↓
2017
Annual accounts 20173,5 k €↓
2016
Annual accounts 20167,8 k €↑
2015
Annual accounts 2015-53,6 €↓
2014
Annual accounts 20143,2 k €↓
2013
Annual accounts 201316,7 k €↑
2012
Annual accounts 201211,9 k €↑
2011
Annual accounts 20118,8 k €↑
2010
Annual accounts 2010-12,4 k €↓
2009
Annual accounts 2009-7,2 k €↓
2008
Annual accounts 20082,3 k €↓
2007
Annual accounts 200716,5 k €↓
2006
Annual accounts 200643,5 k €
05/02/2002
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

COBECO

Overview

What does COBECO do?

Trend over 20 financial years

Indicative valuation

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