ACTIVE

COEX

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Financial year 2025 · closed on 31/12/2025

Net result

47,5 k €

-83.7% YoY

Gross margin

93,2 k €

-25.7% YoY

Equity

1,3 M €

+3.9% YoY

What does COEX do?

COEX is a Private limited company incorporated in 2004. Its main activity is: Advertising agencies. Its registered office is in Oostende.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0862.562.206

Incorporation

09/01/2004

Legal form

Private limited company

Registered office

Vlierstraat 7
8400 Oostende · FlandreSee on map

Contributed capital

12 400,00 €

Latest accounts

31/12/2025

Activities (NACE)

73110Advertising agencies· main 73110Advertising agencies 74401Other professional, scientific and technical activities

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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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	93,2 k €	-25.7%	125,5 k €	+273%	33,7 k €	-44.8%	60,9 k €	-40.9%	103,1 k €	-5.9%	109,6 k €	+23.4%	88,9 k €	+10.5%	80,4 k €	+4.1%	77,2 k €	-13.8%	89,6 k €	+35.4%	66,2 k €	-14.7%	77,5 k €	+43.4%	54,1 k €	+32.2%	40,9 k €	-11.2%	46,1 k €	+73.3%	26,6 k €	-27.2%	36,5 k €	+29.8%	28,1 k €	-26.4%	38,2 k €	+81.2%	21,1 k €
EBITDA	88,6 k €	-26.8%	120,9 k €	+307%	29,7 k €	-47.5%	56,7 k €	-42.4%	98,3 k €	-6.8%	105,5 k €	+25.4%	84,1 k €	+8.5%	77,5 k €	+3.4%	75 k €	-14.4%	87,6 k €	+36.4%	64,2 k €	-14.9%	75,5 k €	+44.6%	52,2 k €	+33.8%	39 k €	-12.2%	44,5 k €	+72.8%	25,7 k €	-27.9%	35,7 k €	+31.7%	27,1 k €	-26.9%	37,1 k €	+87.1%	19,8 k €
Operating result	71,9 k €	-32.1%	105,9 k €	+654%	14 k €	-65.6%	40,8 k €	-56.0%	92,7 k €	+17.5%	78,9 k €	+13.3%	69,7 k €	+21.8%	57,2 k €	-22.7%	74 k €	-10.2%	82,4 k €	+48.7%	55,4 k €	-15.2%	65,4 k €	+42.2%	46 k €	+48.1%	31 k €	+0.3%	30,9 k €	+110%	14,7 k €	-41.7%	25,2 k €	+52.8%	16,5 k €	-39.9%	27,5 k €	+60.6%	17,1 k €
Net result	47,5 k €	-83.7%	292,2 k €	-39.4%	482,3 k €	+2615%	17,8 k €	-69.6%	58,4 k €	+14.8%	50,9 k €	-67.7%	157,5 k €	+48.9%	105,8 k €	+135%	45 k €	-55.6%	101,4 k €	+13.9%	89 k €	+21.6%	73,1 k €	+55.8%	46,9 k €	+113%	22 k €	-5.9%	23,4 k €	+124%	10,4 k €	-42.2%	18 k €	+66.1%	10,9 k €	-42.4%	18,9 k €	+62.9%	11,6 k €
Balance sheet
Equity	1,3 M €	+3.9%	1,2 M €	+14.9%	1 M €	+55.0%	676,2 k €	+2.7%	658,6 k €	+7.8%	610,7 k €	+8.4%	563,5 k €	+35.6%	415,6 k €	+6.2%	391,3 k €	+9.2%	358,4 k €	+33.1%	269,2 k €	+44.9%	185,8 k €	+304%	45,9 k €	-60.6%	116,6 k €	+17.0%	99,7 k €	+24.2%	80,2 k €	+14.9%	69,8 k €	+34.9%	51,8 k €	+26.6%	40,9 k €	+85.7%	22 k €
Total assets	1,6 M €	-0.3%	1,6 M €	+6.4%	1,5 M €	+28.4%	1,2 M €	-4.1%	1,2 M €	+0.0%	1,2 M €	+1.3%	1,2 M €	+36.0%	891 k €	+66.8%	534,1 k €	+0.0%	533,9 k €	+11.3%	479,8 k €	+12.8%	425,2 k €	+8.2%	393,1 k €	+6.6%	368,8 k €	+177%	133,3 k €	+19.9%	111,2 k €	-6.7%	119,2 k €	+19.5%	99,8 k €	+12.4%	88,8 k €	+132%	38,2 k €
Cash	110,6 k €	-30.3%	158,8 k €	+119%	72,6 k €	+62.7%	44,6 k €	-45.1%	81,2 k €	+3.5%	78,4 k €	+107%	37,8 k €	-27.4%	52,1 k €	-20.8%	65,8 k €	-43.9%	117,4 k €	+45.8%	80,5 k €	-6.8%	86,3 k €	+96.8%	43,9 k €	-38.9%	71,8 k €	-33.8%	108,4 k €	+17.3%	92,4 k €	+15.5%	80 k €	+11.3%	71,8 k €	+53.9%	46,7 k €	+106%	22,7 k €
Debts	352,2 k €	-13.1%	405,4 k €	-12.8%	465 k €	-7.5%	502,4 k €	-11.8%	569,8 k €	-7.7%	617,3 k €	-4.9%	648,8 k €	+36.5%	475,4 k €	+234%	142,5 k €	-17.8%	173,4 k €	-16.7%	208,3 k €	-12.4%	237,7 k €	-31.5%	347,1 k €	+37.7%	252,1 k €	+650%	33,6 k €	+8.7%	30,9 k €	-37.4%	49,4 k €	+2.9%	48 k €	+0.3%	47,9 k €	+196%	16,2 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 3 ended

Active mandates

Stefan Alex Ponnet

Director · since 05 janvier 2004

Active

Ended mandates

Stefan Ponnet

Director · since 05 janvier 2004

Ended

Stefan Ponnet

Manager · since 05 janvier 2004

Ended

STEFAN PONNET

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
LANDRIEUX NELE● Active	0829.088.197

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	17/08/2026	10/07/2025	30/08/2024	27/10/2023	29/08/2022	30/08/2021
General meeting	30/06/2026	19/06/2025	10/06/2024	12/06/2023	13/06/2022	02/08/2021
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

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	30/06/2026	17/08/2026	Dutch	PDF
Micro model	31/12/2024	19/06/2025	10/07/2025	Dutch	PDF
Micro model	31/12/2023	10/06/2024	30/08/2024	Dutch	PDF
Micro model	31/12/2022	12/06/2023	27/10/2023	Dutch	PDF
Micro model	31/12/2021	13/06/2022	29/08/2022	Dutch	PDF
Micro model	31/12/2020	02/08/2021	30/08/2021	Dutch	PDF
Micro model	31/12/2019	04/09/2020	02/10/2020	Dutch	PDF
Micro model	31/12/2018	11/06/2019	26/08/2019	Dutch	PDF
Micro model	31/12/2017	11/06/2018	23/08/2018	Dutch	PDF
Micro model	31/12/2016	12/06/2017	30/08/2017	Dutch	PDF
Abridged model	31/12/2015	13/06/2016	25/07/2016	Dutch	PDF
Abridged model	31/12/2014	08/06/2015	31/07/2015	Dutch	PDF
Abridged model	31/12/2013	10/06/2014	29/08/2014	Dutch	PDF
Abridged model	31/12/2012	10/06/2013	29/08/2013	Dutch	PDF
Abridged model	31/12/2011	11/06/2012	31/08/2012	Dutch	PDF
Abridged model	31/12/2010	13/06/2011	05/08/2011	Dutch	PDF
Abridged model	31/12/2009	14/06/2010	15/10/2010	Dutch	PDF
Abridged model	31/12/2008	08/06/2009	29/08/2009	Dutch	PDF
Abridged model	31/12/2007	30/06/2008	23/07/2008	Dutch	PDF
Abridged model	31/12/2006	30/06/2007	30/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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 · 1 active · 3 ended

Active mandates

Stefan Alex Ponnet

Director · since 05 janvier 2004

Active

Ended mandates

Stefan Ponnet

Director · since 05 janvier 2004

Ended

Stefan Ponnet

Manager · since 05 janvier 2004

Ended

STEFAN PONNET

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates07/05/2026
ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM
PDF
Capital / shares12/04/2018
KAPITAAL - AANDELEN
PDF
Capital / shares28/02/2014
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Other16/01/2004
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 202547,5 k €↓
2024
Annual accounts 2024292,2 k €↓
2023
Annual accounts 2023482,3 k €↑
2022
Annual accounts 202217,8 k €↓
2021
Annual accounts 202158,4 k €↑
2021
Name changeCO - EX
2020
Annual accounts 202050,9 k €↓
2019
Annual accounts 2019157,5 k €↑
2018
Annual accounts 2018105,8 k €↑
2017
Annual accounts 201745 k €↓
2016
Annual accounts 2016101,4 k €↑
2015
Annual accounts 201589 k €↑
2014
Annual accounts 201473,1 k €↑
2013
Annual accounts 201346,9 k €↑
2012
Annual accounts 201222 k €↓
2011
Annual accounts 201123,4 k €↑
2010
Annual accounts 201010,4 k €↓
2009
Annual accounts 200918 k €↑
2008
Annual accounts 200810,9 k €↓
2007
Annual accounts 200718,9 k €↑
2006
Annual accounts 200611,6 k €
2006
Name changeCOEX
09/01/2004
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

COEX

Overview

What does COEX do?

Trend over 20 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