ACTIVE

COPAGEST

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Financial year 2025 · closed on 30/06/2025

Net result

-1,8 M €

-107.2% YoY

Equity

291,8 M €

-44.0% YoY

What does COPAGEST do?

COPAGEST is a Public limited company incorporated in 1990. Its main activity is: Other monetary intermediation. Its registered office is in Antwerpen.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0674.749.519

Incorporation

21/12/1990

Legal form

Public limited company

Registered office

Zandvoort 2
2030 Antwerpen · FlandreSee on map

Contributed capital

284 002 757,39 €

Latest accounts

30/06/2025

Activities (NACE)

64190Other monetary intermediation· main 64190Other monetary intermediation

Signals

Good liquidity

View the BCE/KBO Public Search record →

Health score

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Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 6 financial years

	2025		2024		2023		2021		2020		2018
Income statement
EBITDA	-47,4 k €	+81.5%	-256,2 k €	-79.7%	-142,6 k €	+87.4%	-1,1 M €	-4755%	-23,3 k €	+98.7%	-1,9 M €
Operating result	-47,4 k €	+81.5%	-256,2 k €	-79.7%	-142,6 k €	+87.4%	-1,1 M €	-4755%	-23,3 k €	+98.7%	-1,9 M €
Net result	-1,8 M €	-107%	24,9 M €	+55.4%	16 M €	+225%	4,9 M €	-46.1%	9,1 M €	+521%	1,5 M €
Balance sheet
Equity	291,8 M €	-44.0%	521,2 M €	+2.1%	510,7 M €	-0.0%	510,8 M €	+0.0%	510,6 M €	+37.7%	370,7 M €
Total assets	1,2 Md €	+10.2%	1,1 Md €	-1.2%	1,1 Md €	-4.5%	1,2 Md €	+5.2%	1,1 Md €	+158%	427,4 M €
Cash	–		–		–		75,3 k €	-94.1%	1,3 M €	-98.7%	99,6 M €
Debts	912,4 M €	+67.9%	543,5 M €	-5.2%	573,6 M €	-10.2%	638,7 M €	+9.1%	585,3 M €	+976%	54,4 M €

Estimate

Indicative valuation

As an indication, this company is worth

between 250 M€ and 500 M€

See the valuation

Governance

Board of directors

Seen on filing of 30/06/2025 · 7 active · 25 ended

Active mandates

Bernard Marie Etienne Th PONCELET

Director · since 03 novembre 2023 · until 02 novembre 2029

Active

Guillaume PERDEREAU

Director · since 03 novembre 2023 · until 02 novembre 2029

Active

Jean-François Marie Remy LOISEAU

Director · since 03 novembre 2023 · until 02 novembre 2029

Active

Olivier LEGRAND

Director · since 03 novembre 2023 · until 02 novembre 2029

Active

Vincent MICHELET

Director · since 03 novembre 2023 · until 02 novembre 2029

Active

Yvan Rob SCHAEPMAN

Director · since 03 novembre 2023 · until 02 novembre 2029

Active

Patrick Christian Marie-Joseph TETARD

Director

Active

Ended mandates

Gérard CLAY

Director · since 31 mars 2021 · until 03 novembre 2023

Ended

Olivier LEGRAND

Director · since 31 mars 2021 · until 03 novembre 2023

Ended

Philippe DE RAYNAL

Director · since 31 mars 2021 · until 03 novembre 2023

Ended

Alex Françoics BERTRAND

Director · since 27 avril 2017 · until 26 avril 2020

Ended

At this address

Other companies at this address

Company	CBE no.
ASSOCIATED TERMINAL OPERATORS● Active	0882.650.114
BOORTMALT● Active	0425.041.726
Boortmalt Group● Active	0715.922.059
BOORTMALT INTERNATIONAL● Active	0675.655.478
Brouwershuis Antwerpen vzw● Active	1007.667.078

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/07/2024	01/07/2023	01/07/2022	01/07/2021	01/07/2020	01/07/2019
Closing of the financial year	30/06/2025	30/06/2024	30/06/2023	30/06/2022	30/06/2021	30/06/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	08/12/2025	12/11/2024	01/12/2023	22/12/2022	31/01/2022	11/06/2021
General meeting	21/11/2025	04/11/2024	30/11/2023	04/11/2022	30/11/2021	06/11/2020
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

9 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	30/06/2025	21/11/2025	08/12/2025	Dutch	PDF
Full model	30/06/2024	04/11/2024	12/11/2024	Dutch	PDF
Full model	30/06/2023	30/11/2023	01/12/2023	Dutch	PDF
Full model	30/06/2022	04/11/2022	22/12/2022	Dutch	PDF
Full model	30/06/2021	30/11/2021	31/01/2022	Dutch	PDF
Full model	30/06/2020	06/11/2020	11/06/2021	Dutch	PDF
Full model	30/06/2019	20/12/2019	15/01/2020	Dutch	PDF
Full model	30/06/2018	02/11/2018	26/02/2019	Dutch	PDF
Full model	30/06/2017	03/11/2017	19/12/2017	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 M€ and 500 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 30/06/2025 · 7 active · 25 ended

Active mandates

Bernard Marie Etienne Th PONCELET

Director · since 03 novembre 2023 · until 02 novembre 2029

Active

Guillaume PERDEREAU

Director · since 03 novembre 2023 · until 02 novembre 2029

Active

Jean-François Marie Remy LOISEAU

Director · since 03 novembre 2023 · until 02 novembre 2029

Active

Olivier LEGRAND

Director · since 03 novembre 2023 · until 02 novembre 2029

Active

Vincent MICHELET

Director · since 03 novembre 2023 · until 02 novembre 2029

Active

Yvan Rob SCHAEPMAN

Director · since 03 novembre 2023 · until 02 novembre 2029

Active

Patrick Christian Marie-Joseph TETARD

Director

Active

Ended mandates

Gérard CLAY

Director · since 31 mars 2021 · until 03 novembre 2023

Ended

Olivier LEGRAND

Director · since 31 mars 2021 · until 03 novembre 2023

Ended

Philippe DE RAYNAL

Director · since 31 mars 2021 · until 03 novembre 2023

Ended

Alex Françoics BERTRAND

Director · since 27 avril 2017 · until 26 avril 2020

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates11/08/2026
ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING
PDF
Mandates03/03/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates04/02/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates29/12/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates27/11/2024
DIVERSEN - ONTSLAGEN - BENOEMINGEN
PDF
Mandates11/07/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates15/07/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates25/02/2022
ONTSLAGEN - BENOEMINGEN
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

05/12/2025
reconductionMazars Bedrijfsrevisoren — Réviseurs d'Entreprises BV — commissaris
18/07/2025
nominationThomas VERHAMME — vertegenwoordiger commissaris
2025
Annual accounts 2025-1,8 M €↓
18/11/2024
nominationTÉTARD Patrick Christian Marie-Joseph — bestuurder
2024
Annual accounts 202424,9 M €↑
30/11/2023
reconductionOlivier Legrand — bestuurder
30/11/2023
reconductionJean-François Loiseau — bestuurder
30/11/2023
reconductionVincent Michelet — bestuurder
30/11/2023
reconductionGuillaume Perdereau — bestuurder
30/11/2023
reconductionBernard Poncelet — bestuurder
30/11/2023
reconductionYvan Schaepman — bestuurder
2023
Annual accounts 202316 M €↑
20/12/2022
reconductionMazars Bedrijfsrevisoren — Réviseurs d'Entreprises BV — commissaris
2021
Annual accounts 20214,9 M €↓
2020
Annual accounts 20209,1 M €↑
2018
Annual accounts 20181,5 M €
21/12/1990
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

COPAGEST

Overview

What does COPAGEST do?

Trend over 6 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