ACTIVE

CNOCKAERT CONSTRUCT

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Financial year 2025 · closed on 31/12/2025

Net result

414,1 k €

+61979.6% YoY

Revenue

777,6 k €

+5.2% YoY

Equity

12,9 M €

+3.3% YoY

Workforce

3,0 ETP

-14.3% YoY

What does CNOCKAERT CONSTRUCT do?

CNOCKAERT CONSTRUCT is a Private company with limited liability incorporated in 2010. Its main activity is: Management consultancy activities. Its registered office is in Wervik. It employs on average 3,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0832.035.217

Incorporation

20/12/2010

Legal form

Private company with limited liability

Registered office

Vossaardestraat 24
8940 Wervik · FlandreSee on map

Contributed capital

6 005 000,00 €

Latest accounts

31/12/2025

Average workforce

3,0 ETP

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 64200Activities of holding companies 64210Activities of holding companies 70100Activities of head offices 70100Activities of head offices+6

Joint committees (3)

200
2000
218

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 13 financial years

	2025		2024		2023		2022		2021		2018		2017		2016		2015		2014		2013		2012		2011
Income statement
Revenue	777,6 k €	+5.2%	739,3 k €	-35.1%	1,1 M €	0.0%	1,1 M €	+57.2%	724,7 k €	-32.1%	1,1 M €	+39.1%	767,1 k €	-41.8%	1,3 M €	+71.7%	767,1 k €	-25.7%	1,0 M €	-9.1%	1,1 M €	+92.7%	589,5 k €	+96.5%	300,0 k €
EBITDA	246,5 k €	-2.8%	253,7 k €	-62.6%	678,8 k €	+9.6%	619,4 k €	+176%	224,2 k €	-49.7%	445,7 k €	+139%	186,5 k €	-78.2%	855,6 k €	+148%	344,9 k €	-41.1%	585,9 k €	+1.3%	578,6 k €	+229%	175,9 k €	+15.9%	151,8 k €
Operating result	186,4 k €	+3.6%	179,8 k €	-70.6%	612,3 k €	+10.3%	555,4 k €	+253%	157,3 k €	-62.8%	423,2 k €	+142%	175,2 k €	-79.5%	855,6 k €	+148%	344,9 k €	-41.1%	585,7 k €	+1.6%	576,4 k €	+228%	175,5 k €	+15.7%	151,8 k €
Net result	414,1 k €	+61980%	667,0 €	-99.9%	555,1 k €	+2.9%	539,5 k €	+1205%	41,3 k €	-69.8%	136,8 k €	-47.8%	261,8 k €	-67.7%	809,7 k €	+1262%	-69,7 k €	-116%	441,6 k €	+12.6%	392,3 k €	+638%	-72,9 k €	+70.2%	-244,5 k €
Balance sheet
Equity	12,9 M €	+3.3%	12,5 M €	+0.0%	12,5 M €	+4.6%	12,0 M €	+4.7%	11,4 M €	+49.2%	7,7 M €	+1.8%	7,5 M €	+3.6%	7,3 M €	+12.6%	6,5 M €	-1.1%	6,5 M €	+7.3%	6,1 M €	+6.9%	5,7 M €	-1.3%	5,8 M €
Total assets	15,7 M €	+0.1%	15,7 M €	+3.6%	15,2 M €	+3.4%	14,7 M €	-1.9%	15,0 M €	+1.1%	14,8 M €	+2.7%	14,4 M €	-2.6%	14,8 M €	+2.0%	14,5 M €	-0.2%	14,5 M €	+1.8%	14,3 M €	-1.7%	14,5 M €	+19.4%	12,2 M €
Cash	12,1 k €	-77.9%	55,0 k €	+73.8%	31,6 k €	+892%	3,2 k €	-74.7%	12,6 k €	-57.8%	29,8 k €	-49.1%	58,7 k €	+47.6%	39,8 k €	+14.7%	34,7 k €	+0.9%	34,3 k €	-14.9%	40,4 k €	+210%	13,0 k €	-71.2%	45,2 k €
Debts	2,4 M €	-14.3%	2,8 M €	+20.8%	2,4 M €	-3.7%	2,4 M €	-25.2%	3,3 M €	-52.9%	7,0 M €	+3.9%	6,7 M €	-8.8%	7,3 M €	-6.6%	7,9 M €	+0.6%	7,8 M €	-2.3%	8,0 M €	-7.4%	8,7 M €	+35.3%	6,4 M €
Other
Workforce	3,0 ETP	-14.3%	3,5 ETP	+2.9%	3,4 ETP	-15.0%	4,0 ETP	-11.1%	4,5 ETP	-44.4%	8,1 ETP	-10.0%	9,0 ETP	+12.5%	8,0 ETP	+19.4%	6,7 ETP	-1.5%	6,8 ETP	-11.7%	7,7 ETP	+32.8%	5,8 ETP	+115%	2,7 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 4 ended

Active mandates

Caroline Combes

Director

Active

Frank Cnockaert

Director

Active

Ended mandates

Caroline COMBES

Manager · since 01 octobre 2017

Ended

Frank CNOCKAERT

Manager · since 20 décembre 2010

Ended

Caroline COMBES

Manager

Ended

Frank CNOCKAERT

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
CRG Invest● Active	1031.324.586
VOSSACO● Active	0475.344.342

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	01/01/2025	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	17/07/2026	18/07/2025	05/09/2024	07/07/2023	11/07/2022	30/06/2021
General meeting	30/06/2026	30/06/2025	12/07/2024	12/06/2023	13/06/2022	14/06/2021
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

15 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	30/06/2026	17/07/2026	Dutch	PDF
Full model	31/12/2024	30/06/2025	18/07/2025	Dutch	PDF
Full model	31/12/2023	12/07/2024	05/09/2024	Dutch	PDF
Full model	31/12/2022	12/06/2023	07/07/2023	Dutch	PDF
Full model	31/12/2021	13/06/2022	11/07/2022	Dutch	PDF
Full model	31/12/2020	14/06/2021	30/06/2021	Dutch	PDF
Full model	31/12/2019	30/06/2020	17/07/2020	Dutch	PDF
Full model	31/12/2018	11/06/2019	26/06/2019	Dutch	PDF
Full model	31/12/2017	30/06/2018	12/07/2018	Dutch	PDF
Full model	31/12/2016	12/06/2017	05/07/2017	Dutch	PDF
Full model	31/12/2015	30/06/2016	13/07/2016	Dutch	PDF
Full model	31/12/2014	08/06/2015	03/07/2015	Dutch	PDF
Full model	31/12/2013	10/06/2014	16/07/2014	Dutch	PDF
Full model	31/12/2012	24/06/2013	18/07/2013	Dutch	PDF
Full model	31/12/2011	11/06/2012	10/07/2012	Dutch	PDF

Estimate

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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 4 ended

Active mandates

Caroline Combes

Director

Active

Frank Cnockaert

Director

Active

Ended mandates

Caroline COMBES

Manager · since 01 octobre 2017

Ended

Frank CNOCKAERT

Manager · since 20 décembre 2010

Ended

Caroline COMBES

Manager

Ended

Frank CNOCKAERT

Manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates27/02/2018
ONTSLAGEN - BENOEMINGEN
PDF
Other05/01/2011
Rechtzetting
PDF
Other22/12/2010
RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
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 2025414,1 k €↑
2024
Annual accounts 2024667,0 €↓
2023
Annual accounts 2023555,1 k €↑
2022
Annual accounts 2022539,5 k €↑
2021
Annual accounts 202141,3 k €↓
2018
Annual accounts 2018136,8 k €↓
2017
Annual accounts 2017261,8 k €↓
2016
Annual accounts 2016809,7 k €↑
2015
Annual accounts 2015-69,7 k €↓
2014
Annual accounts 2014441,6 k €↑
2013
Annual accounts 2013392,3 k €↑
2012
Annual accounts 2012-72,9 k €↑
2011
Annual accounts 2011-244,5 k €
20/12/2010
IncorporationPrivate company with limited liability

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

CNOCKAERT CONSTRUCT

Overview

What does CNOCKAERT CONSTRUCT do?

Trend over 13 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