ACTIVE

COBEHOLD

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Financial year 2025 · closed on 31/12/2025

Net result

95,4 M €

+4.6% YoY

Equity

1,3 Md €

+26.0% YoY

What does COBEHOLD do?

COBEHOLD is a Public limited company incorporated in 2004. Its registered office is in Bruxelles.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0864.503.095

Incorporation

02/04/2004

Legal form

Public limited company

Registered office

Rue de la Chancellerie 2 box 1
1000 Bruxelles · BruxellesSee on map

Contributed capital

1 185 736 134,82 €

Latest accounts

31/12/2025

Signals

ProfitableSolid equityLow riskPositive cashflow

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
EBITDA	-1,2 M €	-6.9%	-1,1 M €	+0.5%	-1,1 M €	-5.8%	-1 M €	+0.6%	-1 M €	-47.9%	-708,1 k €	-21.7%	-581,7 k €	-0.1%	-580,9 k €	+30.8%	-839,9 k €	-49.7%	-561,2 k €	+1.6%	-570,1 k €	-11.6%	-510,9 k €	-5.2%	-485,8 k €	-37.3%	-353,9 k €	+4.6%	-370,8 k €	-15.7%	-320,6 k €	+43.5%	-567,9 k €	-82.7%	-310,9 k €	+1.5%	-315,4 k €
Operating result	-1,2 M €	-6.9%	-1,1 M €	+0.5%	-1,1 M €	-5.8%	-1 M €	+0.6%	-1 M €	-47.9%	-708,1 k €	-21.7%	-581,7 k €	-0.1%	-580,9 k €	+30.8%	-839,9 k €	-49.7%	-561,2 k €	+1.6%	-570,1 k €	-11.6%	-510,9 k €	-5.2%	-485,8 k €	-37.3%	-353,9 k €	+4.6%	-370,8 k €	-15.7%	-320,6 k €	+43.5%	-567,9 k €	-82.7%	-310,9 k €	+1.5%	-315,4 k €
Net result	95,4 M €	+4.6%	91,3 M €	+21.6%	75,1 M €	+21.7%	61,7 M €	-18.9%	76,1 M €	+46.7%	51,9 M €	+3.2%	50,3 M €	+21.7%	41,3 M €	+11.5%	37 M €	+11.6%	33,2 M €	+9.7%	30,2 M €	+4.1%	29 M €	+3.2%	28,1 M €	+5.5%	26,7 M €	+17.6%	22,7 M €	+10.2%	20,6 M €	-9.8%	22,8 M €	-3.9%	23,7 M €	+21.1%	19,6 M €
Balance sheet
Equity	1,3 Md €	+26.0%	1 Md €	+2.3%	1 Md €	+1.4%	1 Md €	+1.2%	995,4 M €	+2.1%	974,8 M €	+7.8%	904,6 M €	+0.7%	898,5 M €	-0.1%	899,1 M €	+29.4%	694,6 M €	+0.3%	692,4 M €	+0.1%	691,8 M €	+0.1%	691 M €	+42.0%	486,4 M €	+1.0%	481,6 M €	+0.4%	479,7 M €	+0.3%	478,1 M €	+20.3%	397,4 M €	+2.2%	388,8 M €
Total assets	1,4 Md €	+25.0%	1,1 Md €	+2.7%	1,1 Md €	+1.7%	1,1 Md €	+1.4%	1,1 Md €	+2.9%	1 Md €	+7.4%	952 M €	+0.7%	945,5 M €	+1.3%	933,4 M €	+28.3%	727,4 M €	+0.4%	724,5 M €	+0.6%	720,4 M €	+0.7%	715,2 M €	+40.6%	508,5 M €	+1.1%	502,9 M €	+0.7%	499,4 M €	+0.7%	495,7 M €	+17.2%	422,8 M €	-2.9%	435,3 M €
Cash	143,9 k €	-35.0%	221,5 k €	+33.1%	166,5 k €	-94.9%	3,2 M €	-95.0%	65,4 M €	+10.8%	59 M €	+17384%	337,5 k €	-95.8%	8 M €	-83.8%	49,5 M €	+141488%	35 k €	+194%	11,9 k €	-10.1%	13,2 k €	-95.8%	314,8 k €	+3620%	8,5 k €	-40.6%	14,2 k €	+204%	4,7 k €	+30.5%	3,6 k €	-45.8%	6,6 k €	-71.2%	23 k €
Debts	74,8 M €	+8.7%	68,8 M €	+8.4%	63,5 M €	+6.6%	59,6 M €	+5.7%	56,4 M €	+19.1%	47,3 M €	+0.0%	47,3 M €	+0.5%	47,1 M €	+37.4%	34,3 M €	+4.8%	32,7 M €	+2.2%	32 M €	+12.2%	28,5 M €	+19.3%	23,9 M €	+8.3%	22,1 M €	+3.7%	21,3 M €	+10.0%	19,4 M €	+12.6%	17,2 M €	-32.4%	25,4 M €	-45.1%	46,4 M €

Estimate

Indicative valuation

As an indication, this company is worth

more than 1.000 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 4 ended

Active mandates

VOIR PAGE C 6.20 ADMINISTRATEURS :

Director

Active

Ended mandates

C10 VOIR PAGE

Director

Ended

VOIR PAGE C 10 ADMINISTRATEURS :

Director

Ended

VOIR PAGE C 6.20 ADMINISTRATEURS:

Mandate

Ended

VOIR PAGE C10 ADMINISTRATEURS :

Director

Ended

At this address

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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	21/05/2026	15/05/2025	07/05/2024	11/05/2023	17/05/2022	14/10/2021
General meeting	24/04/2026	25/04/2025	26/04/2024	28/04/2023	29/04/2022	30/04/2021
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

Ratios

Financial ratios

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Filings

Annual accounts filings

36 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	24/04/2026	21/05/2026	French	PDF
Consolidated accounts	31/12/2025	24/04/2026	19/05/2026	French	PDF
Full model	31/12/2024	25/04/2025	15/05/2025	French	PDF
Consolidated accountsCorrection	31/12/2024	25/04/2025	10/06/2025	French	PDF
Consolidated accounts	31/12/2024	25/04/2025	19/05/2025	French	PDF
Full model	31/12/2023	26/04/2024	07/05/2024	French	PDF
Consolidated accounts	31/12/2023	26/04/2024	07/05/2024	French	PDF
Full model	31/12/2022	28/04/2023	11/05/2023	French	PDF
Consolidated accounts	31/12/2022	28/04/2023	11/05/2023	French	PDF
Full model	31/12/2021	29/04/2022	17/05/2022	French	PDF
Consolidated accounts	31/12/2021	29/04/2022	17/05/2022	French	PDF
Full modelCorrection	31/12/2020	30/04/2021	14/10/2021	French	PDF
Full model	31/12/2020	30/04/2021	20/05/2021	French	PDF
Consolidated accounts	31/12/2020	30/04/2021	20/05/2021	French	PDF
Full model	31/12/2019	24/04/2020	14/05/2020	French	PDF
Consolidated accounts	31/12/2019	24/04/2020	15/05/2020	French	PDF
Full model	31/12/2018	26/04/2019	21/05/2019	French	PDF
Consolidated accounts	31/12/2018	26/04/2019	21/05/2019	French	PDF
Full model	31/12/2017	27/04/2018	07/05/2018	French	PDF
Consolidated accounts	31/12/2017	27/04/2018	09/05/2018	French	PDF
Full model	31/12/2016	28/04/2017	05/05/2017	French	PDF
Consolidated accounts	31/12/2016	28/04/2017	05/05/2017	French	PDF
Full model	31/12/2015	29/04/2016	17/05/2016	French	PDF
Consolidated accounts	31/12/2015	29/04/2016	17/05/2016	French	PDF

View all 36 filings

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

more than 1.000 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 · 4 ended

Active mandates

VOIR PAGE C 6.20 ADMINISTRATEURS :

Director

Active

Ended mandates

C10 VOIR PAGE

Director

Ended

VOIR PAGE C 10 ADMINISTRATEURS :

Director

Ended

VOIR PAGE C 6.20 ADMINISTRATEURS:

Mandate

Ended

VOIR PAGE C10 ADMINISTRATEURS :

Director

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Capital / shares24/07/2026
CAPITAL, ACTIONS
PDF
Mandates02/01/2026
DEMISSIONS, NOMINATIONS
PDF
Mandates03/10/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates03/07/2025
DEMISSIONS, NOMINATIONS
PDF
Capital / shares19/06/2025
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - CAPITAL, ACTIONS
PDF
Mandates02/01/2025
DEMISSIONS, NOMINATIONS
PDF
Other10/05/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates05/12/2023
DEMISSIONS, NOMINATIONS
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 202595,4 M €↑
10/06/2025
augmentation_capital
25/04/2025
reconductionSaskia Bruysten — Administrateur
25/04/2025
reconductionChristophe d’Ansembourg — Administrateur
25/04/2025
reconductionOlivier Davignon — Administrateur
25/04/2025
reconductionCaroline de Spoelberch — Administrateur
25/04/2025
reconductionGrégoire de Spoelberch — Administrateur
25/04/2025
reconductionOlivier de Spoelberch — Administrateur
25/04/2025
reconductionHugo Ferreira — Administrateur
25/04/2025
reconductionFrançois Henrot — Administrateur
25/04/2025
reconductionJean-Marie Laurent Josi — Administrateur
25/04/2025
reconductionFrançois Pauly — Administrateur
25/04/2025
reconductionHubertus von Baumbach — Administrateur
25/04/2025
reconductionWilliam Wyatt — Administrateur
25/04/2025
nominationRomain Seffer — représentant permanent du commissaire
2024
Annual accounts 202491,3 M €↑
2023
Annual accounts 202375,1 M €↑
06/07/2023
augmentation_capital
20/06/2023
augmentation_capital
2022
Annual accounts 202261,7 M €↓
26/07/2022
augmentation_capital
29/04/2022
reconductionFrançois Henrot — Président
29/04/2022
reconductionJean-Marie Laurent Josi — Administrateur Délégué
29/04/2022
reconductionSaskia Bruysten — Administrateur
29/04/2022
reconductionChristophe d'Ansembourg — Administrateur
29/04/2022
reconductionOlivier Davignon — Administrateur
29/04/2022
reconductionCaroline de Spoelberch — Administrateur
29/04/2022
reconductionGrégoire de Spoelberch — Administrateur
29/04/2022
reconductionOlivier de Spoelberch — Administrateur
29/04/2022
reconductionHugo Ferreira — Administrateur
29/04/2022
reconductionFrançois Henrot — Administrateur
29/04/2022
reconductionJean-Marie Laurent Josi — Administrateur
29/04/2022
reconductionFrançois Pauly — Administrateur
29/04/2022
reconductionHubertus von Baumbach — Administrateur
29/04/2022
reconductionWilliam Wyatt — Administrateur
29/04/2022
reconductionRomain Seffer — Commissaire (représentant permanent)
2021
Annual accounts 202176,1 M €↑
2020
Annual accounts 202051,9 M €↑
2019
Annual accounts 201950,3 M €↑
2018
Annual accounts 201841,3 M €↑
2017
Annual accounts 201737 M €↑
2016
Annual accounts 201633,2 M €↑
2015
Annual accounts 201530,2 M €↑
2014
Annual accounts 201429 M €↑
2013
Annual accounts 201328,1 M €↑
2012
Annual accounts 201226,7 M €↑
2011
Annual accounts 201122,7 M €↑
2010
Annual accounts 201020,6 M €↓
2009
Annual accounts 200922,8 M €↓
2008
Annual accounts 200823,7 M €↑
2007
Annual accounts 200719,6 M €
02/04/2004
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

COBEHOLD

Overview

What does COBEHOLD do?

Trend over 19 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